HomeMy WebLinkAbout1021 19. Borrower's Right to Reiasate. Notwithsta~~ding L.ender'a acceleration o( the sums secured by this I?tortgage. Bor-
rower shal) have the riRht to ha~•e any proccalings bequn by Lende~ to entorce this .~lo~~gagc discontinucil at any time
prior to entry o[ a judgment cntorciug this Mortgage iL• (a) Borrowcr pays 4ender all sums Nhith would be then due under
this !1lortgage, the Note and notes securing Future Advances. i[ anp, had no acceteration occurrcd: (b) Borrower cura all
breachet ot any othe~ covenanu o~ agreements of Borrower tontained in this :?lortgage: (c) Borrorrer pays all reasonable
expenses incurred by Lender in entorcing the covenants and agreements oI Borrower conuined in this ~tortqage and in
rnforcing Lender's remedia u provided in paragraph 18 hereo(, including, but not limittd to, reaso»able attorney's tees; and
(d) Borrower takes such action as Lender may reaso~ubly require to assure that the lien of this ~lortgaqe. Lender's interest
in the Property and Borrower's obligation to pay the aums secured by this Mortgage shail continue unimpaired. Upon such
pa~ment and curr by Borrower, this l~turtqage and the oblig-ations secured hereby shall remain in tup force aud et[ect u i(
no accelention had occurred.
7t0. Arignment of Reat~ Appointment of Receiver. As additional seturity hereunder. Borrower hereby assigns to
Lender the rents of the PropettY, ptovided that Borrower shall, prior to accel~ntion under paragraph 18 hereot or abandon-
ment oI the Property, have the right. to collect and reui~ suth tents u they become due and payable.
Upon accelentiori u~der paragraph I8 hercoi or abandonmcnt o[ the Propetty. l.ender shaU be entitled co have a rc-
ceiver appointed by a court to enter upon, uke possession of and manage the Prop~erty and to collect the rents o( the Prop~
erty, including those past due. All rents collected by the receivet shall be applied first to paywent ot the cotits ot managc•
ment of the Property and collection o[ rents, induding, but not limited to, recei~•er's [ees, premiums on recei~•er's bonds and
reasonable attorner's fees, and then to the sums secured by this Mortgaqe. The recei~•er shall be liablt to acmunt only for
thox renu actually received.
Yt. Future Advanoa. Upon request by Borrower, Lender, at Lenders option Nithin twentr yean from the date of this y
~tortgage, tnay make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Aiortp,aqe when evidenced by promissory notes swting that said notes are secured hemby. At no time shall the principal
amount of the indebtedncss secured by this \tortgage, not including sums advanced in accordance hemwith to protat the ~
security ot this :4tortgage, exceed the original amount of the Note plus USS NONE - - - - ~ - - - - - - ^ - - - - - - - - - j
2Y. Releaie. Upon payment of all sums secured by this Atorq{age, Lender shall release this Atortgaqe without charqe
to Borrower. Borrower shall pay all costs ot recotdation, if any. ;
23. Attorae~s Fees. 4s used in this \lortgaqe and in the Note, "attorney's [ees" shall include attorney's fea, if anr. ;
which may be awarded br an appellate court. . .
Ti~ ~VI7KESS WHEREOF, BORROWER f115 executed [~115 ~~Qrtf~:i~Sk l~~
~iY`b
' ' Seal
Signed, aleci and delivered B' ~ ) ;
in the ese ce Clift s f, ident
, ' • (Seal)
. ic . , ary
~ - (Seal) -
(Seal)
~86~iS~i
STATE UF ~~A
• COU~i'TY OF ~~~/~W~N'D 5'. -
The foregoing instrument was ackno~vledgeci bef~?re me this day of
, 19 by ;
(seal)
s ~a~~~ ~„nu~
WISCONStN ~Iy c~~mmission expires: `
:
~ STATE OF R~1[ '
~ • COLI1~1'1' OF~~~~ ~
`t The foregoing instrument ~vas ackno~vledged bef~re me this ~ ~ ~ay of
~ February 19 ?9 by CLIFTON J. GROSSKOPF and
,
~ RICHARD J. DODGE , respectively,
~
~ President and ~ Secret. r~ f GROSSKOPF OIL, INC. ,
~ au orized to ~ usiness in Florida
8 a Wisconsin corporation~ on behalf of thc co on.
~
K ~
~ ~
s ' ~ \otary Public :s~.~7G~,r KI~I~Q.~/S/~
~ • (ceal~ ; .1 - ~ • \I~• cc ~nissioii e~cpiwd+ Q~i~..s9.lvrwT
t - ~ . .
~ _ j - .
) : _
= _
• ,
~ ' .
' 1Space Btlow This line Resen•ed Fot Lender aod Recordet)
~ -
i
~ $ ?7• 25 Fla. Re~•cnue Stamps Receiced $ 103• in pa}Tnent of taxes due on
~ Cancelled on Oriqina) lote_
~ Clau "C" Intangible Persoual Propert~~ pursuant to
Chaptcr 134, LaMS of Florida, ~cu of 1971.
~
i t
}
n
3
Ta: CuUector .
•
~
~
~x
~ _ ~ ~4 ~021 :
soeK ~a~~
;
_ . , .
• ~
,
> . _