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HomeMy WebLinkAbout0542 l9. Eo~ower's Right w Reiastate. Notwithuanding Lendei • acteleation of the sums secured bY this S?lortgage. Bor- rower shall have the right to hare any proceedinqs bequn by Lender to en[one this ~torcgage dixontinual at any tim~ prior to e~cry oE a judgment e~(orcing this Mo~tRage iE: (a) Borro~rer pa~n l.e~der all sums which would be then due under this Mortgage, the Note and notes fecuring Future Ad~~ance~. i[ a~y. had no acceleratioo occurrcd; (b) Borrower cures all bnaches o[ any otha mvena~ts or agreements ot Borrowet comaiocd i~ this Mortgage: (c) BorroNer pars aU reawnabk cxpenses incurred by Lender ia en(orcing the covenanu and aateemcn~s of Botrower cootained in this Alortgaqe a~d in en[oning Lenderi rcmedies as pro~•ided i~ paragraph Id heteo~. including, but not limited to, rqwnable attor~ey's (ees; and (d) Borrorra taka sucd attion ai Lender may reasonably tequire to assure that the lien o[ thi~ ~iortgage. l.e~~der': interat in the Property aad Bortowcr's obligation to pay the sum~ setured br this Mottgage shall continue unimpai~ed. Upor? wch ~ payment and cure bp Borrowet, this Mo~tgage and the obligations secured hereby shall remain io tull fotte and ef[ect aa iE no aaeleration dad oocurml. !0. A~nmeut of Reat~ Appoiaw~ent of R~oelrer. As additional security hereunder. Borrower hereby usig~s. to Le~der the reaa oI the Property. pmvided that Borrower shall. prior to aocelencion under paragraph l8 hereof or abaadon- ment oi the Propertr, hare t6e ~ight to coUect and~retain wch nnts si they become due and pa~rable. Upon aaelentiori u~der puagraph IS hereot or abandonment oE the Propmy. .Lender shall be entided to have a rt- ceive~ appointcd b~ a coutt to tnter upon. ake posteuion of and ma~age the Property and to collect the rents of the Yrop~ , ~ ~ erty. includi~g tlw~e past due. All rtnts collected by the teoeivet ~hall be applitd titu to paj~ment ot the cosu ot managa ment of el~e Property and c~oUection of re~ts, including. but not limited to, reoeiver's tees, premiums on receiver's bonds aod tea.sonabk attorneJrs [ea, and then to the sums secured br this Mortgage. The receiver shall be liable w account only tor tho~e rents actually reoeived. • 21. t~ture Ad~ana~a Upon requat by Borrorrer. I.ender. at I.ender's option within t~renty rears irom the date of this Mortgage. may make Future Ad~-ances to Borro~rer. Such Future Advances, ~rith ineerest thercon, shall be xcured by this 11lortgage when evide~ced by promissory noces suting that uid notes are secuted hereby. At no tiipe shall the principal amount o~ the indebtedneu secured br this ltortgage, not ineluding wms advanced in accordance herewith to protect the secvritr oE this Mon~age., rxceed the original amount oE the Note plus U~ 1~T~1vE - - - - - - - - - - - - - - - - - - - - ~ 2t. Rekase Upon payment ot all w~ ucured br this Mongage, Lenda shall nlease this 1ltortgage wichout charge to Borrower. Borro~rer shall par aU costs'of recordation. if ~any. Y3: AttorneT'~ Fea. As used in this Ttottgage and in the Note, "attorneys Eees" shall include atcorney's tees. if any. ~rhich may be a~vuded by an appellate mun. IN ~~VlTNESS WHEREOF. BORROWER t1aS CXCCUtCt~ this Morcgage. Sign , aled and deli e ~~a~~ in t resence of: NAL . WA REN ~ ~ (Seal) (Seal) . (Seal) STATE OF FI.ORIDA ~ ~ COUNTY OF MA~ ~ The foregoing instn~ment was aci:no~vledged before rtee this 30~ day of Nov~~ber , ~g ?8 by RONALD R. WARREN a sin~le man ' ~ , ~ . ' y _ . .1•- ~~sPal~' _ . i ~ ~ ~oe..> rubur S ; y~• ~ ~iy commissio ex~p r ~ ~o~srr aub~ic. St+te o~ Florid~ at ' ~T~TE~ d~t :~I:03~IDA ) ~1y Com,~s:io~ E~ixs Oct 4. 1980 j ~CbtU~~ t, t ss. w.... a ~ c.,.~.~. c.:.... ) _ . ~iay of i . ; . , Y_.< ~ . •.,~'h~;fo~ng instn~ment was acknowledged before me this ~ ` ~-r"`~-~~ 19 by _ and j - rs.iti«' " . ~ . respectively. ~ President and Secretary oE a corporation, on behalf of the corporation. • 1\otuy Public ~5~~~ ~ty commission expires: (Swoe Helo.? 'I'his I.ine Reserved For Lmder and Recordu) . S 28~05 Fla. Revenue Stamps Recei~•ed S 3?' ~ in paymenc of taxes due on Cancelled on Original Note. Class "C" Intangible Personal Property pursuant to ~ Ch~pter 134. Iaws of Florida, Acts of 1971. ~ ~ ~ ~ Tu catteceo. ~ ~ ao~~ 2~9 PacE 54z ~ g , _ - , - p .r.~ - .~;~,~=~r,.: _ ~ ~ .