HomeMy WebLinkAbout0007 1!~ Do~ro~rer's Risht to Aeiawte. NotwithKanding I.euder'~ acalention o[ the waa secured br thu~ Mort~ae. Bor-
rower sball tuve the right to ha~Y any pracedings begun bY Lendet to en[ora thii Afon$aae sli~opntioued. at arrl? ~ime
prior to e~trr of a judgtaent en[orcina thu Mortaa~e U: (s) Botro~er p~n Lende~ all wms whicb ~rould bc then due under
ihis 1?i~~sagr, the Note and noca xcuring Fucurc Advanca. it anp. hsd no scaleration occwred: (b) Borrowu cura aU
breacba of anp othe~ oovenanu or agreemeau ot 8orrower contained ia thu Mor~gage: (c) Borrower ps~ all reasonabk
expewes i~cvrred by Le~der ia eatorcing the covtnants and aartea~ents o[ Botrower contained In thb Mottaage and. in
enforcin; L.ende~'s remtdies as pwvided ia pars~raph 18 bereoi. itxludind but not ltmited to. reswa~ble attorner'~ teea; and
(d) Borro~rer taka:uth aaion u Lendar mar reaw~Wr requ~re w assuse tbat the licn ot.thL Mongage. Lender's Iuterat
i~ the Property aAd BorroxeYa obligatlon w pay the waQs iecuttd by thL Mortgage ahaU cootinue unimpaired. Upoa wch
parment snd cure by Bonowei. chi: Mortqage and the obligatioas ~ccuted hercbr shall remain in tull [orce and e[tect au iE.
no acalention had oaurred. ~
~0. A~t of Aeat~ Appdauneat of Reaei~er. As additioaal ucurity hereundet. Borro~es hereby auigru to
Lenda the rents oE the Ptoperty. prov~dal tlut Bornowa sbaU, prar to aaekration undtr paragrApb 18 hereoi or abaadoa-
a~e~t o[ the Properq~ have t6e r~ght to collat and reaia wch renu u thep becoaae due and payable.
Upon acaleratton under pangraph 18 hueoE or abandonmeat oE the Propertr. Lender shall be entided w have a re-
ceiver appointed by a oowt to enter upon. ~ake po~asioA oE and manage the Property and w oollect the nnts of the Prop~
aty. includi~g thote pa:t due. All rents ooUected bY the noeiver dull be apPlled Eiru to payment o[ the costs oE managt- .
ment of tbe Propatr and oollection ot renu, includin~. but not limited to. reae~ver's tecs. pmaiums on rcaiver's bonds and '
reasoaabk attorneJr~ tta, and thea to the wms secured by this Mortgag~e. The nceiver shaU be liabk to acoount oaly for
ehose rents actuall~ reaeived.
~I. F~tut+e Adeanaa. Upon requat by Bomower, Lender, at Lender's option rvithin taentr years irom the date of tliu
Mongage. im~ at~ke Future Adva~sa co Borro~rer. Such Fucure Advanas.~ ~rith iatereu thereon, shall be :ecured b~ thu -
Moregage wbrn evidenced by prominory rwta stating that said nota are secured herrby. At no time ~all [he principal
~mount af che Indebtedaess ~ecured br chis 1?tortgagt. not iacludina sums advanad io aaord~nce hertwith w protect tht -
securitr of thia l4iortgage.,acaed the original amount oE the Note plw USt NONE-------------------------
27t. Reka~a Upon paymenc oE aU wms secured b~ t~?is Mo~tgage. Lender shall relrase thu Mongage wichouc charge
to Borro~?er. Borrower stull pa~r all oosts oE recordatiou. if aa~.
23. Attocaey~ Few. As used in thu Mortgige and id tbe Nou. "attorne~/s fee~"' shall indude attorney's fces. ii an~.
rvhich may be a~varded by an appellate mun.
IN W11'IYESS WHEREOF, BORROWER ~'1.15 CXCCUtCa t}11S MOitg'dg'C.
Signed, sealed and ~delivered ~ ,~~~t ~ (Seal) ~
i the preaence of: ~ E CURLIS ,
(Seal)
. B. CURLIS ~
_ ~ (Seal)
(Seal) -
STATE OF FLORIDA ~
COUNTY OF MARTIN ~ ' ~ _ ~
~aregoing instn~ment was ackno~vledged before me this 19th . day oE
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•.s`_` _~~p~inrv l~~.by ~ LIS atld T~R3F F ('IIRi.TS hic
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= : ~ S= ~ - ~iy commission expires:
' U, NoY~xr rue~~c n~?~ oF ao+~~a? ~T uux~
I lcIDA µY CpMM{SSION fXPIRfS ~10~ . 19 1981
; ~ u' p~p tNRU GENiR/?L INS. UNDERIMRITERS
~
f ~'Tlte`~o~~iYgoing instrument was acknowledged beEore me this ~ay of
~ .19 by and
, respectively, -
President and Secretary of
a corporation, on behalf of the corporation.
xa.ry ~eu~
(seal) ~-1y commission expires: ~
~
~ tsv.as Heb.. Thi. I3ue nexrna Fa I~nder .oa neco.aa~
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~ ; 30. 00 Fla. Revenue Stamps Received ; 40. 00 in payment of taxes dne on
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; Cancelled on Original Note. -
~ ~ Class "C" Intangible Personal Property punuant to
~ Chapter 134, Laws ot Florida, Atts oi 1971.
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