HomeMy WebLinkAbout1928 19. Borrower's Right to Reinuate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage. Bor•
rower shall have the right to have any prtxeedings begun by Lender to enforce this \lortgage discontinued at say time
prior to entry o[ a judgment enforcing this Mortgage i[: (a) Borrower pays Lender all sums which would be then due under
this rlortgage, 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 Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this \lortgage and in
enforcing Lender s remedies as provided in paragraph I8 hereof, including, but not limited to, reasonable attorney's tees: and
(d) Borrower takes such scion as Lender may reasotubly require to assure that the lien of this \lortgage, Lender's interest '
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such r
payment and cure by Borrower, this 1llortgage and the obligations secured hereby shall remain in full force and effect as it
no acceleration had occurred.
Y0. Att;ignment of Reath Appointment of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the reau of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment o[ the Property, have the right to collect and retain such rcnu as they become due and payable.
Upon acceleration undtr paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a ra 4
ceiver appointed by a mart to enter upon, take possession o[ and manage the Property and to collect the rents of the Prop-
erty, including those pasc due. All rents collected by the receiver shall be applied tint to payment of the costs of manage- '
went of the Property and collection o[ tents, including, but not limited to, receiver's lets, premiums ot1 receivei s bonds and
reasonable attorney': Fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account only for
those rents actually rrceived.
Yl. Future Advances. Upon request by Borrower, Lender, at Lender's option within twenty yean from the date of this
Mortgage. may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
11[ortgage when evidenced by promissory notes stating that said notes arc centred hereby. At no time shall the principal
amoµpt: of the indebtedness secured by this \lortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS NONE - - - - - - - - - - - - - - - - - - -
2Y. Release. Upon payment o[ all sums secured by this Mortgage, Lender shall release this Aortgage without charge
to Borrower. Borrower stall pay all costs of recordation, if any.
23. Attorney's Fees. As used in this \lortgage and in the Note., "attorney's tees" shall include attorney's fees, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, BORROWER has eXecnted [1115 11TOrtga
Signed, sealed and delis-ered ~ (Seal)
in the presence of: PR B CIiA ,
• ~ (Seal)
MARIE PRIEBRACHA
(Seal)
(Seal)
STATE OF FLORIDA
COUNTY OF MAIiTIN~ ss.
The foregoing instntment was acknowledged before me this 13th day bf
March"•~ ~ . , lg ?9 by EMIL PRIEBRACHA and MARIE PRIEBR
.•hi$. wife -
.(~ea~)T i , i i Y ~ ~ Notary ~
1~
~ ~ ~ i'
\I commission ex Tres:
~ Y NCI~ARY ~
Pt+~ cTaTF OF fLORt7A AT LARCE
.~S'I"A~'~ FLORIDA 1 MY COMMISSION EXPIRES NC7V 19 1981
COvN,l,~ tJ ~~D i~ ~~~1L INS. UNDERWRITERS
The foregoing instrument was acknowledged before me this day of
19 by and
,respectively,
President and Secretary of
t a corporation, on behalf of the corporation.
Notary Pufilic
(seal) a[y commission expires:
(Space Reba This Line Reserved For Lender and Recorder)
S 67. 50 Fla. Revenue Stamps Receieed S 90• in payment of taxes due on
Cancelled on Original tote.
Class "C" Intangible Peru~nal Proper[}• pursuant to
Chapter 134, Laws of Florida, Acts of 1971. i
Taz Collector
3U5 ~~~:124
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