HomeMy WebLinkAbout1649 19. Borrower'a Right to Reitutate. Notwithstanding Lender's acceleration of the sums securtd by this 1lfortgage, Bor•
rower si?all have the right to have any proceedings begun by Lender to enforce this • ~fortg,?ge discontinued at anY time
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be thrt? due under 'i
this llfortgage, the Note and notes securing Future Advances. if any, had no acceleration occurred; (b) Borrower cures all
breaches of any other covenants or agreements of Borrower contained in this :lortgage; (c) Borrower pays all reasonable j
expenses incurred by Lender in enforcing the- covenants and agreemenu of Borrower contained in this Mortgage and in
enforcing Lender's remedies u provided in paragraph l8 hereof. including,- but not limited to, reasonable attorney i tees; and f
(d) Borrower takes such action as Lender may reasonably requirr [o assure that the lien of this Mortgage, Lender': interest ~
in the Property and Borrower's obligation to pay the sutras soured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as i(
no aaelention had occurred.
ZO. Ataigrtment of Rents; Appointment of Receiver. As additional security hereunder. Borrower hereby assigns to i
Lender the renu of the Property, provided that Borrower shall, prior to acceleration under paragraph IS hereof or abandon-
went of the Property. have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a re-
ceiver appointed by a mutt to enter upon, take possession of and manage the Property and to collect the rents of the Prop-
city, including those past due. All rents collected by the receiver shall be applied [ins to payment of the costs of manages ~
men[ 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 Dortgage. The receiver shall be liable to acrnunt only for
those renu actually received.
21. Future Ad~anca. Upon request by Borrower. Lender. at Lender's option within twenty yean from the date of this !
1ltortgage, tray snake Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this ~
mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal +
amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USf NONE------------------------
YY. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, i[ any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorneys fees, if any,
which may be awarded by an appellate mutt.
IN W1T\ESS W1tEREOF, BORROWER has eXectlted th15 ATortga e, ~
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Signed, sealed and delis•ered ~ ~ 1)
i the presence of: ' . ~
j,~'`'`.~''`"L~ ~ (Seal) ~
I
(Seal)
(Seal) t
STA`l;E • OlF'FIi~RIDA
Cl}UN'hy- ~F IN ~ ss.
, ~'h~ gyp. i ~n~~utis[rumen[ seas acknowledged bef(?re me this 6th day of
v?•'•
- ~ ~ atit:h = 19-Z.~by 1LNNETH E. PRESTAGE and MA_RTANNE PRESTAGF
• • • - - • ~ - Xolan• bli
;;r-~'~ fly comm1551(~~~~1C STA~f Cx FlQRt7A A' IaRGE
STATE OF FLORID:~ t~Y cor~Missiorv rxr~~ troy tc wig
COUNTY OF ~ ss. - ~~h~~ rrtec,:;Er::lt4t irrS tIFY)rR~lR~i[RS
11
The foregoing instntment a•as acknosr•ledged before me this day of
19 by and
4
respectis•ely.
President and Secretary of
a corporation, on behalf of the corporation.
\otary Puhlic
~ (seal) fly commission expires:
t
a
(Space Be3ow Tbis line Resened For Itnder and Recorder)
S 55.20 Fla. Revenue Stamps Received S 73.60 in pa}-men[ of taxes due on
Cancelled on Original Note.
= Class "C" Intangible Personal Property pursuant to
' Chapter 134, Laws of Florida, Acts of 1971.
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Tai Collector
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- goux 304 PACE 1fi47