HomeMy WebLinkAbout0390 19. Eo~owu'a Ria6t to Reiastate. Notwithitanding Lende~ i acceltration of the suau secured by thi~ Mortgage, Bor- '
mwe~ shall. have the right to have anJr proceedings begun by Le~der to e~Eorce this Afo~tgage discontinuc¢ at any time i
prior to entry oE a judgment enfonina this Moctgag~e if: (s) Borrowrr pari I.ender all sums which would be chen due under
thia Mortgaae. the Note and nota xcuring Future Advanta. ii anr. had no acceleracion occurred; (b) Borrower cura all
braches ot any other covenanu or~agreemenu oE Borrower contained i~ this Mortgage: (c) Borrower pays all reasonaWe , *
expenscs incurred by l.enda in entorcina the coveaana and a~nenu oE Borrawcr oontained in this Morcgage and ia ~
entorcina I.ender'~ remedia at providcd ia paraaraph 18 hercoE: including. but not limited to. reasonable atcorney's fees: ~~d
(d) Borro~rer taka such action u Lenda mar reaw~ablr require co asaure that che lien o[ tha Mortgage. I.endei's int~sat
in tl~e PropertJr and Borro`ve~'s obligatio~ to pay the suma :ecured by thit Mortgage shall oonttnue unimpaiced. Upon u~ch
payment aad cut+e b~r Borrorvet, this Mortgage su~d the obligations ~ecvred herebr shall remain in full force and eltect u if
~o aoaleratioa had ouurred.
20. A~n~uent oE Awt~ Appoinuaeat of Reoei~er. As additional secnritp hereundtr. Borrower hereby auigns to
Lender the rents oE the Peopertr, provid~d thac Borrorvrr shaU. prior- to acaleraeion under puagraph 18 hereof or abandon- j
ment ot che Properq. have the right to aollect and retain wch renu u they beoome due aad payable. ;
Upon aueleration undes patagts~ph 18 hereoE or abandonment oE the Property. I.ender shall be entitled to have a rc- ~
aiver appointed br a court to enter upon. take possession uf and manage the Property and to collect the rents of the Prop~
aq. iocluding thoee past due. All renti coUected by the receiver shall be applied [irst to payme~t oE the cosu o[ managa `
ment of tbe Propaty and collectio~ o[ rents. induding. but not limitcd to, rcoeiver's tees, pmniums on receiver's bonds and y
rea~onable atwrne~s fea, and then to the sums secured 6y this Mortgage. The receiver shall be liable to account onl~ tor
those renu actually rraeived '
tl. Fnture Ad~anoes. Upon tequat by Borro~rer. Lender. at Lender': option within twe~ty yean from che date of this s
Moregage. may make fl~turt Advanca to Borrower. Such Future ABvances. ~rith interest thereon, shall be aecured bp this
Mortgage ~rhen. evidrnced by pmmissory nots stati~g that said notea arr secured hercby. At no time shall the prindpal ~
amount of the indebtednas sewted by this Mortgage. not including sas~ps advanced in accordance herewith to protect the
securiqr•of this Mortgage. exceed the original amount of the Note plus USi None------------------~~~-~
2~ Relea~a Upon payment of all sums secured by this Mortgage, I.ender shall release this Mortgage without charge
to Borrowtr. Botrowrr shall pay all coats ot recordation. iE aor.
Y3. Attoraeys Fea. As used in thu rfongage and in the Note. "attorney's Eees" shall indud~ attorne~'s [ees. if an~,
rvhich auy be.awuded br an appellate ooun
Ix WITNESS WHEREOF. BoxnowER has executed this Mort e. -
Signed, sealed and delivered (Seal) ~
in che presence of: . e er
(Seal)
. aerer
~ (Seal)
(Seal~
~
STATE OF FLORIDA
COUNTY OF 1Viartin ~
The foregoing instrument was acknowledged before me this 30th day of
May lg 78 by ALBERT E. SCHAERER a~d INGE L.
.
SCHAERER his wife ~ . ~
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(seal) . ~ ~ -
. ` NotuY PubLc
. . ~ty commission expires• _ i
~ ~ . r r . . , - ~ , . Nolzrl? Pub6c. St~te ot F1aid~ at larqt . ~
~C~S~'~X,ORIDA fuly Coa~:ni:sion E,~Faa lkt. 4. 1980
= ~ w...a n....~.. . c...... c..~w i
I~ ~ ~ ~COIJNTY-`b~ ss.
E : . :
~ The-^~o~du~g instrument was acknowledged before me this ~ay of }
I - ' i ~ ' = ~ , 19 by and ~
~ _ , respectively,
- ~ ;r._: .
President and Sectetary of
~ a corpotation, on behalf of the corporation.
Notuy PuWic
(seal) . 11Ty commission expires:
(Spsoe Below lbis Iioe Keserved Fo~ Lender and Recorder)
~ ~ 32. 40 Fla. Revenue Stamps Received : 43. 20 in payment of taxes due on .
' Cancelled on Original Note. 1
Class "C" Intangible Personal Property pursuant to
~ ~ Chapter 134. Laws of Florida, Acu oi 1971.
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