HomeMy WebLinkAbout0698 19. Horrower's Rigbt to Rebuate. Notwithsta~iding Ltnder's auclcrat+oo ot the aµias secured by this ~fortgage. Bor-
rower shall have the right to ha~•e any procecdings txgun by l.en~lr~ tq ~torce thjs ~to~tsage dixuutiuuctil at auy timt
prior co entry o[ a judgment en[orcing this Alortg~ge iE: (a) 8airower pays ender ail iums which woutd be chen due under
this Mortgage. the Note and nota sccuring Future Advancp. ii any, had no accdtration occurred; (b) BoirowR cWes aU
breacba ot any othtr covenanu or agrecmer?cs ot Borrower conuined in this Ator~gage: (c) Bonower pays a11 reasonabie
cxpensa incutred by Lender i~ enforcing the cove~anu and agreements o[ Borrower contained in chis \tongage aad in ;
en[orcing Lendes's rcmedia u.provided i~ puagraph t8 hueoi. including. but not liwitcd to, reasonabk attorne~s tea: u~d '
(d) Borro~rer takcs ~uch aaion as L.a~der a~ay reasonably require'to uwre that the lien ot this Mortgage. I.e er's iaterest ~
in the Propetty aad Borrower'~ obligation to pay the suau setured bp thit 1ltottgage shaU continue unimp~ircd. Upon such ~
pa~rtne~t and cure br Borrowet. thu Mortgage and the obligations xcured hereby s6a11 rea~si~ in tull torce and eftcct as it
no ~coeieratio~ hsd octurred. : ~
A~daaa~ent af Reat~ Appointment of Resel~er. As additioaal securiqr herrunder. Borrowrrr hereb~r assigm to
Lender the rents of the Property. provided thac Bornowa shall, prior to aooelcntion under pangraph 18 htreof or abandon- '
a~nt o[ the P[operty. have thc sight to collect and reain :uch rents as they become due aod parable. F
Upon acceteratiai under paragraph 18 hercof ur abandonment o[ tlie Propcrty~ Lender shaU be enciiled co luve a rc~ ~
aiver appointtd by a oourt to ente~ upon, take posstssion o[ and manage the Property and to oollect the rents o[ the Prop~
ettr. including tl~ose past due. All renu rnllected by the rectivtr shall be applicd [int to payment o( the cosu oE maaagc~ ~
me~t oi the Property and rnllation o[ rents, including. but not limited to, rcceiver's tees, premiums an recriver's bonds and i
reasonabte attorne~: fees, and then to cfie suau aecured by this Mortgage The recei~-er sAall be liable co account only ia~ ~
those re~ca actually tc~oeived.
21. Futnre Adranca. Upon requat by Borrower. Lender. at Lender's option within twre~ty ~ean from the date o[ this ~
Morc ma make Futurt Ada~,nccs to Borrower. Such Future Advances. with interest chcrron, sh:ll bt secured b~ this ~
K~B~• Y {
Mortgage ~vhen evidenced br promissory notes stating tha[ said notes arc secured herebp. At no time shall the principal
amount oE the indebtedaess setured by this Atortgage, ~ot including sums ad~~anced i~ accordance herewrith to protect the ~
securicy oE chis Mongage, exceed the oriqinal amount of the Noce plus USt No11@---------------------- ~
Yg. Releasa Upon payment of aU wms secured by this ~fortgage, Lender st~all rrl~ase this ?~lorcgage ~ithout chu~e ~
to Borrawer. Bortorver shaU pay all cosu of recordacion, if an~. ~
Y3. AttotntYs Fees As used in this Atortgage and in the Note. "attorne~s fees" shaA indude attorney
s fces, it an~. ~
which mar be axarded by an appellatc courc. ~ -
IN W1T\ESS WHEREOF, BORROWER has executed this 11 ort .
Signed, sealed and delivered • t~~ (Seal)
in the resence of: ~ ~ c rt L
~ ~'~j' ~ - ~.C~1C (Seal)
l
~ ~ ~ Valerie S. Eckert
. ,
It C~d /~iGfallf A`. (Seal)
t~it77'fL~lrf~i~-d . S,?rGt~y u,C . ~ : (Sealj
~Ifi.
STATE OF I~C ) _
COUNTY OF • j
. . ~
The foregoing instrument was ackno~vledged beEore me this • , day of
September , 1978 by EDWARD F. ECKERT and VALERIE S.
ECKERT, his wife
(seal) • • . tiv" 7Q1~ j~,~~ .
D. W. BAGNAIL,
3. .f3RID3E ST.. LEATHERHcAD. SURREY ~ty commission expires: • j{r~~~t6~t~Q
COUN~~~'I~~'~ FOR OsTHS
The-fo~rega~ing~ns nim~~`E'~vas acknowledged before me this
. 19 hy
, respecti~•ely,
President and Secretary of _
a corporation, on behalf of the cc~rporation.
• 1ot~n A.6tic
(seal) ~Iy commission expires:
( Space Bebw T6is Line Reserved For I.eoder ~ad Reco~der)
S ss• 00 Fla. Re~•enue Stamps Recei~~ed S 0~ ia pa}~nent of taxes dut on ~
Cancdled on Original Note.
Clau tntangible Penonal Propert~ punuant to j
Chapter 134. I.aMS oE Florida, Acts of 1971.
Tu Colkctor
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