HomeMy WebLinkAbout0436 Ili. Eoarower't Right to Relastaee. Notwithstanding Lender i acceleration of thy, wets sKUred by this •INongage. Bor-
rower shall have the right to have any proceedings begun by Lender to entone'thL Mortgage diswntinued at any time
prior to entry of a judgment etitoning this Mortgage it: (a) Borrower par Lender all sums which would be then due under
thu Mortgage. the Note seed notes securing Future Advances. i[ any. had no acceleration occurred: (b) Borrower cures all ~
breaches of any other mvenanb or agreements of Borrower contained in this Mortgage: (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenanu and agreemenu of Borrower contained in this Mortgage and in
enfoning Lender's remedies as provided in paragraph 18 hereof. induding. but not limited to. reasonable attorney's ices: and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage. Lender's interest
in the Property and Borrower's obligation to pay the sums secured by ibis Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower. this Mortgage and the obligations secured hereby shall remain in full tone and e[tea u if
rto aaelention had occurred.
g0. Aadgnment of Rents; Appolntttxnt of Receiver. As additional security hereunder," ~orrowtr hereby assigns to
Lender the rents of the Property. provided that Borrower shall. prior to acceleration under para~Ta~ih 18 hereof or abandon•
went of the Property. have the right to collect and retain such renu u they become due and payable.
Upon acceleration under pangtaph 18 hereof or abandonment of the Property. Lender shall be entitled to have a re-
ceiver appointed by a mart to enter upon, take possession of seed manage the Property and to mliect the rents of the Pmp•
erty. including those past due. All rents colltaed by the receiver shall be applied tint to payment of the costs of manage
went of the Property and collection of rents. including. but not limited to. receiver's tees. premiums on receiver's bonds and
reasonable attorney's fees. and then to the sums secured by this Mortgages The receiver shall be liable co account only for
those rents actually received.
Yl. Puente Advastca. Upon request by Borrower. Lender. at Lender's option within twenty years from the date of this .
Mortgage. may make Future Advances to Borrower. Such Future Advances. with interest thereon. shall be secured by this
bortgage when evidenced by promissory notes stating that said notes arc secured hereby. At no tithe shall the principal
amount of the indebtedness secut~ed by this 1?fongage. not including sums advanced in accordance herewith to pmtea the
security of this Mortgage. exceed the original amount of the Note plus US; r101~ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
28. Release. Upon payment of all wms secured by this Mortgage. Lender shall please this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation. if any.
Y3. Attorney's Feea As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees. if any.
which may be awarded by an appellate mutt.
TN WITNESS WHEREOF, BORROWER has executed this Mortgage.
Sign al and delivered ~ ~ (Seal)
in r nce J ART
(Seal)
IiEL F. STUART
E• (Seal)
(Seal)
STATE OF ~~d~X ~ -
• l~~f
j'l,~l OF St. T
~•~for~going instrument was acknowledged before me this 7TS day of
G~r•.Qecetnber , 19~by JAMES M rnte>1~r ~,.a trot Fp F S'I'iIART his
~ ~ ~ s
. r~ ~ • sly commission expires: ~ Dt~ATH
~~`1:LORIDA ~
CO~JTY `dF
The foregoing instrument was acknowledged before me this clay of
19 by - - and
- ,respectively,
President and Secretary of
.j
a corporation, on behalf of the corporation.
Notary Dubuc
(seal) sty commission expires:
- ~
i
(Space Below This I~ne Reserved For Lender and Recorder)
24.00 Fla. Revenue Scamps Received ; 3 00 in payment of taxes due on
Cancelled on Original Note.
Class "C" Intangible Personal Property pursuant to i
Chapter 134, Laws of Florida, Acts of 1971.
1
Tu Collector
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so~K JUG PAcf 4~
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