HomeMy WebLinkAbout0148 19. Borrower'a Ri~;ht ta Reius~aia '~otwitl,.iandinR l.ender's accelcratinn nt the ~ums .ecurrd 1?y this \tortKa~;e. Aor-
n~w•rr shall ha~c thr ri~ht tu ha~r au~' ~,n.crrdinx~ bekuu by l.cndcr to en(une thic \Iottg~Re dix~~btimir~i at :~n~ timc
prior to cntry o( a jud~u~rnt en(urcinK this ~lur~kage i[: (a) BurruNer prys I.rniler ~11 suais M•hich N•ouid bo tlicii due unde~
this \lortgage. the ;~~~tr ancl notes u~cu~ing Fu~urr .~d~ances, i( any. I~ad no accelcr:~tion occurrrd: (b) Rurrua•rr curec all
brraches ot au~• othe~ co~r~i.ints or aKreements o( Borrower u~ntaiued in this ~IortgaKr: (c) BorroM•er pay~ all irau,uable
rxpeuses incurrecl by l.euder i~ enturiing the co~rnants and ~greements of BorruN•rr cou~ained in this \IoitRap,e and in
enforcing Lencler's remedies as pmcidret in pa~aRraph l8 hereof, inrludiug, but not limited to, reawuable attornep's tees: and
(cl) Rorrower takes such action a. l.ender ma~• reasonably requite to assure that the lien ot ~his ~tort~aKe, Leuder's interest
in the Property and Borro~cer's obligaiion to pa~• the sums ucured by this \torigage shaU contiuue uuimpaind. Upon such
pa}Tnent and cure by Borrower. this \lorigaqe auct the obligations secured hereby shall remain in lull torce and e([ect as if
?~o acceleratio~ had occurred.
20. Assigament o( Rents; Appoimmen[ o( Receiver. Ai additional security hen•under. Borrow•er t?ereb~ assigns to
I.ender the rents o[ the Propert~•, pro~•ided tt?at BorroNer shall, prior to acceleration under para~raph 18 hercY~t ~?r abandon-
mrnt of the Property; ha~•e the right to coUect aud retain such renu as they becomr due and payable.
Upon acceleration under paragraph 18 hereo( or abandonment of the Property. I.encler shall be entitled to have a re-
ceiver appointed by a court to eotrr upon. ~ake possession o[ and manage the Propert~• and to c~llect the rents o[ the Prop-
ert}'. including those past due. All rents c~llec~eci by the recei~•er shall tx applied first to pa}~ment ut the cocu of mauage-
ment of the Propert~• and collectio~i ot rents, includinR, but not limited to, recei~•er's (ees, premiusns ~~n recei~~er's bc~nds and
reasonable attorney's fees, and then to the sums secured b} this \(ortgaRe. The recei~er shall be liable to account only for
'those rents actually recei~•ed.
21. Future Advances. UPon request b~• Bormwer. Lender, at Lender's option Nithin twenty ~•tars (rom the date of this
~tortgage, ma~ make Future ~d~•ances to Borrower. Such Future Advancec, with interest thereon. shall be secured by this
~tortgage when e~•idenced by promisson• nocec statin~ that said nota are secured hereb~•. At no time sliall ~he principal
amount of the indebtedness secured b~~ this \lortqa~e. not indudinR sums ad~•anced in accordance herrwith to protect the .
security o[ this \tortgage, exceeci the ori~;inal amount oi the I~ote plus USS NONE--=---------------------
22. Releax. Upon pa~~ment of all sums secured b}' this ~tortRage, Lendet shall release this \(ortgaRe Mithout chary,e
to Borroher. BorroNer shall pa~• all costs o( recordaiion, if an .
23. Auorney's Fees. :~s used in this ~IortqaRe and in the~ote. "attorne~'s-fees" shall indude attorne~'s fees. ~f any.
Nhich may be awarded by an appeltate court. ~
I~ ~Vn xt:ss ~VHk:ttEOF, 13oRKO~~•FR has executed this :1(c~rtgage.
Signed, scaled :ind deli~-erecl -_~~l..d~~,a ; , , (Seal)
,
i> >e presence of: William D. Riley
~ ZSl o . j~ ~ ~ (Scal)
~~,~,P'`,~ u~C _ _ _ • ~ • .
Darothy J. R le
~~~t~l ~ C~~1C~L/_ (Seal) -
~ (Seal)
S1'ATE OF FLORIUA
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COU\~~~•~OF., MARTIN ~ ~
'~`"rh~•frn~e~e~iii~~;instrument ~cas ackno~~•ledged beFure me this 8th da~~ oE
Se.ptemHer , ig 78 liy Wi 11 iam D Ri 1 e~ and nnrnthT T Rile~jc., his
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4 ST:1'I~F .n~' b'CORIU.~ MY QON?MISSION ExPl~s 1~ ns~
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E Cni'\Tl' nF S Ss. pNDED (HRU GE~1:~A1 W~K. M~RWt1TF~S
~ The f~rre~~~ing imtrument ~vas ackno~~ ledged bc f~>re ~ne this ciay of
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~ . respecti~•el}'. -
~ I'resicicnt and tiecrctary ~~f
Y corporati~~n. rni behalf of thc c~~rExrratiou. -
~
~ XMary Puhlic -
(sealj \1~' ccnuwis,iun rxpires:
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:s ISpace Aelow• This Line Resen'ed F~r I.endrr and Recorder)
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- $ 67_ 50 Fla. Re~~enue Stampt Receiced S 90.00 in pa}mene of taxes due cin
= Cancclled ~~n nriKin.il \~itc.
Cla+S intanRible Pcr;~?nal Propcrt~ purwant to
Chaptcr 134. I.aM•c oi Fl~rida, ~1tts o( 1971. -
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Taz Collector
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