HomeMy WebLinkAbout0832 19. Borrowe~'~ Riqht to Rei~uu~e. Notwithsundinq l.endt~s accelenuon o1 ihe .um~ ~ecured by this \Io~tRagt, Bor-
rowe~ sf~all heve the right to I~a~•t auy prcxrtrliiiRs begu~~ br l.rndrr to en[u~ce this ~lurtgage diuontiuuai ~at any time
prior to entry o[ a judqmrnt en[orcing this \lor~gage it: (a) Borrower pays Lender all su~ns which wouW l,e thru due under
this \lortgagt, tht I~ote and notcs securing Future Advances. iE any, had no acceleration occurrc~l: (b) Borrowe~ cures all,
breachei ot any other coveuanta or agrermenta o( Borrowcr contained in thi: \fongage; (c) &~rrower pays atl reasonable
expenses incurred by l.ender in en(orcing thc co~Ynants and agretmcnu ot Borrowcr conuincd in thia ~lo~tgage and in
rntorcing Lender's remedie~ as provided ih pauagraph 18 hereo[, including, but uoc limited to, reasoa:blc attorney's tees: a~d
(d) Borrower taka wch action as l.endcr may reasonably requirc to aswtr ihat thc lien ot this Atortqage, l.a~der's interest :
in the Property and Borrower': obiigation to pay the suau seturcd by this 1ltottgage shaU continue unimpaired. Upon wch
payment and cure by Bonower, this Afortgaqe a~d the obligations securcd hereby shall rcmain in tul! torce and ettect as if
no acceleration had occurred
20. AwignmeAt o[ Reat~ Appois~tment oi Reoel~. As additional security hercunder, Bonower hereby usigns to
Lcnder the rents o[ the Property, provided that Botmwer shall. prior to accelention under para~aph 18 hereof or aba~don-
ment o[ the Property, have the right to collect and reain such renu u they become due and payable.
Upon accelention under pangraph 18 hereof or abandonment of the Ptoperty. Lender shall be entitlcd to have a re-
ceiver appointed by a court to enter upon, take posxssion o[ and manage the Proptrty and to collect the renu ot the Prop~
erty, including those past due. All rents collected by the receivet shall bG applied fint to payment of the costs of manage•
ment o[ thc Property and collection ot rents, induding, but not limited to, recei~•er's fees, premiums on receiver's bonds and
reasonable attorney'~ tees, a~d the~ to the sums securcd by this Mortgaqt. The receiver shall bc liable to account only tot -
those rents accually received. ~ '
. 21. Future Adruioes. Upo~ requat by Borrower. Lender, at Lender's option within twenty ytan irom the dat~ o[ this ±
Atortgap,t, mar make Future Ad~~ances to Bo~rower. Such Future Advances, with interest thrreon, shall be secured by this
:~fortgage whcn cvidented by promissory nota statinq that uid ~ota are secured hereby. At no timc shall tht principal '
amount o[ the indebtedneu securecl by this ~tortqage, not including sums advanced in accordance herewith to protect the ~
security of this 1liortgage, exceed the oriqinal amount oE the noce p~u~ ust NONE - - - - ~ - - - - ~ - ~ - - - - - - - - - ~
22. Relcasa Upon payment o[ all sums secured by this ~iortgage. Lender shall release this Atortgage wit6out charge ~
to Borrower. Borrower shall pay all costs ot recordation, iE any. ~ i
Y3. Attorne~s Fees. As useci in this ~Iortgaqe and in th~ Note. "attorney's ttes" shall indude attorney's (ees, iE any,
which may be awarded by an appellate court.
ln ~VI"1'~IESS WHER£UF, BORROWER has executed this Mort~age.
Signed. sealeci and deli~•ered ~ ' ' ` ~~a~~
in th prese e of: aul NY Nott' gham _
~ eal)
' - Ma jo e J ottingh. ~
• ~ (Seal)
_
~ ;
(Seal) {
• INDIANA ~
STt1'~'E C~f'f~
! GOL1~V'TY ' ~ • a " .
The fore~oiti'~g ~instrument was acknowledged before me this • , day of
~ QCtober - , ig ?8 by PA N N TIN HAM and MARJORIE~ J ;
' O TIN M his wife ~
~
' _ • _ :
~
~ . ~s~ij•. • . . ; :
_ , • x«..r raw~ ~
~ _ • ~fy commission expires:~ = ~
, ~ ;
; STATE OF Ft.O.RIDA ~ ~
~ COUNTY OF ~
~ The fore~~~ing instniment was ackno~vledged before me this ~ay of
~ and
; , 19 by
~ , ~respectively, ~
~ President and Seeretary of
~
~ a corporation, on behalf of the corporation.
~
~ x«..r ~,ti~K
; ~~a~~ ~ly commission- expires:
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.
" (spaee setu.. 'Il~is tine neservea For I.enaer and aeco.aer) ~
~ ; ?3. 2~ Fla. Recenue Stamps Received S 9?• 60 in payment oE taxes due on
~
_ Cancclled on Oriqinal \ote. .
- Class "C" Intangible ~Pcrsonal Property pursuant to
- Chapter 134, I.aws of Florida, Atts o[ 1971.
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