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
'
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~~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.:....
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_ . ~iay of
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•.,~'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.
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~ Tu catteceo.
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~ ao~~ 2~9 PacE 54z
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