HomeMy WebLinkAbout0613 10. sorrowa's Rlgbt w Retaaate. Not~vith~anding I.ender'a acceleratio~ oE the sua~s sccured br th~ Mortga~e. Bor-
rower shall have the right to have anr procetdings begun br Le~der to entorce ehii Mongage discon~i~ued at ahy time
prior to tatry oI a judgmeat eaforcing this Mortaage it: (a) Bonowet pays l.endee all surw which wouW be theo due under
thls Mort6a~e. tht Note and nota securin6 Future Advantp, ~J a~y. had no acaleratioa occuned; (b) Aorrower cures all
breachea o[ any other oove~ants or agtraneoti ot Sorrorrer co~tai~e~d i~ this Mortg~ge: (c) Borrower paps aU reawnable
ezperues incwr~+d by Lender ip entorclna the covenants aad ~ agreetnenu of 8orrower oontaincd in thu Mortgage and ia
e~torcing Lender'~ remediei ai provided ia paragraph la heteot. indudina. but ~ot limited to. rca~onable atcornry's tees; and
(d) Bortowtr qka wch action u Lender may reswnabir rtquire to assuce that the lien o( thls Morcgage. l.ender's interat
in ttie Propa~q aad Borro~reYa obligacion w pay the wmt seturtd by th~s Mostgage shall oontinue uaimpaircd. Upon wch
payment aad cure bp Borro~rer. chi~ Mortgage and the obligatioos ~ewred 4ereby shall remaio in tuU tone and e[Ecct as if
rw acceleration had oaurred. - .
PA. Awi6ameat of Rent~ Appolncawt of Aealra. I?i additional security hereundu. Borco~ver hereby a~iani w
~ Lender the ~e~ts of the Property, provided that Borrower ~hall. prior to aaelet~tion under paragnph 18 hereof os abandon•
ment of the Property, havc the right to eoUat and reain such rents as t6ep becomt due and payable.
Upon acaleratiori under puagraph 18 hereof or abandonaieat of the Propeny, I.ender shall be e~citlcd to have a ro- ~
oeiver :ppointed br a oourt to enter upon. take possession of a~ manage the Property and to oollect the rents oE the Prop~
my, including thote past due. AU re~ts collected b' the-teceivet ~all be appliod [int to parment ot the costs of manage-
ment of the Property and oollection of nnts, indudina, but not limited to, reoeiver's tees, premiums on raeivei s bonds and
reasonable attorne)is fea. aad the~ to the sums secured by this Mortgaga The receiver shall be liable to account only Eor
thoae rents actuaU~ teceived. - .
Yl. ~tnre Adranoa. Upon requat by Botrorver. l.ender. at Lender's option ~rithin twe~tr yean from the date oE this
Morcgage, anay make Futwe Advanca to Borrower. Sucli Future Advances, with interc~t chcreon. shall be secured by this
Morcgage ~vhen evidenced by promissory noca scacing [hac uid nota are secured hereb~. At no cime shall che principal
amonnt of the indebtedaeai secured by this Morcgage, not. induding wms advanted in acmrdance here~vitfi to protect the
securicy of chis Morcgage. rxcecd the original aaaunt of the Note plus USi NONB-
Yt. Relea~e. Upon paYmtnt oE all sums ~cured by thu Mortgage. Len3er shall release this Morcgage without chargr
to Borrower. Borro~ret shaU pay all oosts oE recordation. if anr.
Y3. Attorae~s Fca. As ~scd in this• Mortgage and in the Noce. "attorne~s_ Eces" shall include attorner's tces. if any. .
rrhich may be awsrded br an appeliate ooun.
IN WITNESS H/HEREOF. BoRxowEe has executed chis Mortgagr.
Signed, sealed and delivered - a~) . ;
' the presence of: ory . Ki ur e t
6/.-~ al) . i
Marlene Kilbourne ~
(Seal) -
~ (Seal) }
~
STATE OF FGORIDA ) ~ ~ ~
COUNTY OF 1~lARTIId 3 - .
~~'E~ o~~~ instrument was acknowledged before me this 19th _ day of
.~.¦S-i•t~: - . 19.~$_b r;Sgory M_ K~ ~~fALt2'riP and Marl Pnss iC i l hnura~o ~
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: c~ AU~:L ; C-: \Iy commission expi~i„~v rt~N~~ s~~~ o~ acMio~ ~T t~~ .
MV COMMISi1CX~ f'o'~S N~V 19 19dt ~
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~~3F •FLC3~tIDA ~ . Rv/RI ~~s
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~ The foregoing instrument was acknowledged before me this ~ ~ay of i
, 19 by and ~
~
~ , respectively, ~ `
R President and Secretary of ~
~ a corporation, on behalf of the corporation. ~
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Notuy Public ~
(seal) . ~1y commission expires: ;
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csp.« sa~.. x~,~..~a Fm i.~. .oa a~.~
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~ 45.60 Fla. Revenue Stamps Received ; 60.80 in payment of taxa due on ;
CanceUed on Original Note.
r Class "C" Intangible Personal Propett} pwsuant to ~
~ i~ Chapter 134, I.aws oi Florida, Acts oE 1971. i
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. e0 289 ~1
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