HomeMy WebLinkAbout0071 19. Borrower'~ Right to Rtinstate. Nntwitlutauding I.ender's acceleratiun of the su~u secured by this \lortgage, Bor•
ruhe~ ~hall havt the ri};ht to ha~•e auy pnxerdinRs txgun by l.eiidcr to rntorce this \IortgaRe dix,ontinard at any timc
prior to entry of a judgment enforci~ig this \iortgage if: (a) Borrower pa?~s Lender all suau which woulJ be thrn due under
this Alortgage, the Note and notcs aecuring Future Adva~~tes, if any, had no accderation occurrrd; (b) aorroNer cures all
breachcs of any other co~enanu ur ag~eemcnts oE Borrower conuined in thi> >lortgage: (c) Borroue~ pays aU ~eawnablc
cxpeuses incurred by L.ender i~ enf~rciaq the co~•enants and agreements o[ Borrower cootained iu this \lortgaqe and in •
cnforcing Lender's remedia as pro~•ided in paragraph 18 hereot, includi~~g, but not limitect to, reasonable attorney's (ees: and
(d) Borrower takcs such action as Lender may rcasorubly require to assute that the lien o( this ~tottgaqe, I.ender's interest
in the Pmperty and BorroMer's obliga~ion to pay the sums secured by this \fortgage shaU continue unimpairecl. Upon such
pa)Tnent and cure by Bortower, this \[artgage and the obligatioas securcd hereby ahall remaiu in full force and efiect as i(
no acceletation had otcurred.
20. Aaeignmeat o[ Rentr, Appointment o[ Receiver. As addi~ional security hereundcr, Borrower hereby auigns to
Lender the rents of the Property, provided [hat Borrower shall, prior co accelcration under parag~aph 18 herc~( or abandon-
ment ot the Property, ha~•e the right to collat and retain such re~u as they become duc and payable.
Upon acceleratiori under paraqnph 18 hereoE or abandonment of the Property, I.ender shall be entitled to ha~•e a re-
cei~~er appointed by a court to enter upon, take possession of and ma~agc the Property and to collect the rents oE the Prop-
erty. induding those past due. All renu collected by the recei~•er shall be applied first co payment o[~the coscs of manage-
ment o[ the~ Properry and collection o[ rents, includinq, but not limited to, recei~~er's [e~s, premiums on receiver's bonds and
reasonable attorners [tes, and then to the sums secured by this Mortgage. The recei~~er shall be liable co accouiu only for
those rents actually received.
Yl. Future Advaaces. Upon request by Borrower, Lender. at Le~der's option within twenty years from the date o! this
1lortgagc, may make Future Ad~ances to Borrower. Such Future Advances, with interest thereon, shaU be secured by this
~fortp,age whe~ e~idenced by promissory notes stating that said nota ate secured hereby. At no time shaU the principal
amount of the indebtedness secured by this \tortRage, not includinq sums advanced in accordance hemwith to protect the
security of this ~tortgage. exceeci the oriRinal amount of th~ Noce plus USS NONE--------------------------- ~
2Y. Releaie. Upon payTnent of all sums secured by this Aiortgage, Lender shall release this Aiortgage ~ ithout charqe .
to Borrower. Bosrower shall pay all costs ot recotdation, if any.
23. Attorney's Fces. As used in this \(ortgage and in the Note. "attorney's fees" shall indude attorne~'s tees, i[ any,
Nhich may be awarded by an appellate court.
IK ~VI"T\ESS `VHEREOF, BORRO\VER has executrd this 14iort e. j'
"f ~ Seal
Signed, sealecl and deli~~ered ~ G ~ ( )
i~ the presence of: LEWIS J. GEOR , .
~ (Seal)
./~Q~t,[,w ~
(Seal)
(Seal)
STaTE OF FLORIDA -
COUNTY OF MARTIN ~S~ _
•`'~~The~~forCgc~ing instrument «as ackno~vledged beEore me this 12th day of
~ „ ~March , lgl~by LEWIS J GEORGE JR. a single man
. ~ .
(seal) ~ . _ ~
, ~a~ ~
. - . _ ~ . ~I}~ r~~mmission expires:
' . - . . Ar ~~c,~ ~ ~
j STA"T~:tSF pLORIDA ~,0~"'. ~ ~ : , ~
~ ss. . , ~ • o~t ' ~ 9'~' I
C~UNTY Q~ . :,r.., ::~;:.i~.a. .11.J4RW~tiUS
6l~NUt:.
' The foregoing instrument ~.as ackno~rledged bef~re me this ~ay of
F
` , 19 by and
~ . . respectir•ely.
= President and Secretary of
; a corporation, on behalf of the cor~xrration.
€
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\dary Pubiic
:
i (seal) ~ty r~~mmis,i<m rxpires:
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~ (Space Bebw 'This line Resen~ed For Lend~r aud Recorder)
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' s 61.20 Fla. Re~~enue Stampc Recei~•ed S g1.60 in pa}~ment of taxes due on
Cancelled on OriRinal \ote.
Cla+s "C" IntanRible Yeru~nal Propert~• pursuant to
= Chapter IS9. I.aws ot Florida, .~ets o[ 1971.
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