HomeMy WebLinkAbout0926 19. $oRO~rer's ltight to Reiauatr. Notwithstanding I.ender
• acceleration oE the wau sentred br tiw MortRage. Bor-
rower ~haA havc the right to_have anr proceedings begu~ by . Lender to entotce thu \lortqage discontinued at any titne
prior to entry ot a judgment e~torcing this riort~age if: (a) Borrower paps Lender all sums which would be then duc under •
this Afortgage. the Note a~d nota securi~g Futurc Advanca. if any. had no atteleration occurred;-(b) Aorrower cures all
breaches oE any other rnven~nu or agreemenu oE Bottower concained in this Mor[gage: (c) Borrower pays, all reasonable
ezpensa incurred by Ltader in entorcing the covenanq and ag~eements o[ Borrower cootxincd in this \iortgage and I~
enfotcing I.ender'i remedia ~s provided in paragraph 18 hereot. including, but oot limited to, rtasonable attorncp's tees; and
(d) Borrower takes wch actio~ as Lender may r~awnably require to uwre that the lieo ot this ~fortgagc. Lender'~ inter~st
in the Propetty and Borrower': obligation to par the suIIU secured by thu Mortgage shall conti~ue unimpaired. Upon wch
payment and cure by Borrowa. this Mortgage and the obligations secured hereby shall remain in tull torce aad etlett as if
ao acaleration bad occurred.
Y0. Arigamtat oE Rent~ Appoinuaent oE Recelret. As additional u~vrity hereunder. Borrower hereby assign~ to
I.e~der the renu oE the PropertY. pmvided chat Borrowet ~aU. prio~ to atoelention u~der paragraph 18 hercoE or abandon-
ment oE the Propen~r. have the right to rnllect and reuin such rents as th~ beoome due and payable.
Upon aaelentiod under paragraph 18 hereof or abandontaent oE the Propeny. Lender shall be eatitled to have a re-
aiver appointed b~r a eoutt to enter upon, take possasion ot and ma~age che Property and to mllect the renu ot tht Prop-
erty. induding those past dua All rents mllated by the receiver shsll be applied tint to payment ot the cosu of managa
ment o[ the Propert' and mllection of rents, including. but not limitcd to, rcceirer's (ees, premiums on receiver's bonds and ~
reasonable attornep's fea. and then to the wms setured by this Mortgaga The rcccir•er shall be liable to account only for
thoae rtnts actually teoeived. ~
Yl. Fntun Adrancea. Upon requat by Borrower, Lender. at I.ender's option rvithin twenty years [rom'the date oE this _
Mortgage. may ~make fl~ture Advances to Borrower. Such Futurt Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes suting that aaid nota are secured hereby. At no time shall the principal
amount of the indebted~ess secured by this :~fortgagt. ~ot including suau advan accordance herewith co protect the
aecurity of this Morcgage. exceed the original amount of the Note plus USt
YY. Rekasa Upon payment oE all. sums secured by this Mortgage. I.ender shall release this Mortgage without chuge
to Borrower. Borrowes ahall pay all coscs oE recordation. if any.
' 23. Attorner's Fees. As used in this Atorcgage and in the Note, "attorney's Etes" shall indude attorner's fees, iE anv,
rvhich may bo awuded by an appellate cour~ ~ _
jiV WITNESS wHEREOF. BORROWER has executed ~~115 MOTtg'd . ~
Signed. sealed an elivered (Seal)
in the res nce ~ _ RI HARD SIPOS
(Seal)
_ (Seai)_ -
(Seal)
STATE OF FI.ORIDA ~
COUNTY OF ~
MARTIN
The foregoing instrument was ackno~vledged before me this 8th day of
February ,19 79 by RICHARD SIPOS a sinAle man
. ~ . xaur R,nuc
- .
~ ~ _ - . ty commission e~~~ ~x, State oi floiid~ at larg~
;s
~ STATE` OF F~ORIDA My Co~rrr;ssion Expires Oc~ 4, 1980
~ c~iL i~F'~y . o~.~ ~ S$. . . Io...a „ ,,.~wc.. F.. . ~«i....
A - . .
` _ ~ ~ . . cia of
~ '~'hs ~regaing instniment ~vas ackno~vledged before me this Y
; ' , 19 by and
~ : r,:` , ' ~
, respectively.
President and Secretary of
a corporation, on behalf of the corporation.
~Iotary Public
~~a~~ ~ty commission expires: -
(SPsa T~ ~a Resen~ed For Lendcr aod Recorder)
; 7. 20 Fla. Revenue Stamps Received S 9• 60 in payment oi taxes due on
~ Cancelled on Original _Note. -
~ Class °C" Intangible Personal Propert~• pursuant to
~ • Chapter 134, Laws of Florida, Acts of 1971.
~
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.x
Tu Collector
~ seeK ~ ~ACf .
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