HomeMy WebLinkAbout2972 19. Botwwa's Right to Reiaaate. Notwithstanding Lender's acceltration of the wms secured by this 11~ortgliger Bor-
rower shall have the right to have any proceedings begun by lender to entortx this Aortgage di;wntinued at any tithe
prior to entry of a judgment en[orcing this Mortgage it: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and note securing Future Advances. it any. hsd no aaeleration occurred: (b) Borrower cure ap
breaches of arty other covenant: or agreements o[ Borrower contained in this Mortgage: (c) Borrower pays all reasonable
expenses incurred by Lender in entorcittg the covenants and agreements o[ Borrower mnained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 htxeof, including. but not limited to. reasonable attorney's fees: and
(d) Borrower takes such action as Lender may reasonably require to assure chat the lien of this Mortgage, Lender's interest
in the Property and Borrower's obligation to pay the sums secured by thin lt~ortgage shall continue unimpaired. Upon such
payment and cure by Borrower. this Mortgage and the obligations secured hereby shall rennin in toll force and ettea as i(
no acceleration had occurred.
g0. Assignmeat of Rests; Appointment of Receive. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property, provided that Borrower shall. prior to aotxlcndon under paragraph 18 hereof or abandon-
ment of the Property. have the right to collect and retain wch renu u they bemmt• due and payable.
Upon acoeleratiori under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a re-
ceiver appointed by a court to enter upon. take passesaion of and manage the Property and to collect the rents of the Prop-
erty, including those past due. AU tents collected by the receiver shall be applied first to payment of the costs of manage-
went of the Property and collection of rents, including. but not limited to. setxiver's [ees, premiuuu on receiver's bond: and
• reasonable attorney's fees. and then to the sums secured by this Mortgages The receiver shall be liable to account only for
those rents actually received.
gl. Future Adra>toes. Upon request by Botr+ower, Lender. at Lender's option within twenty yeah from the date of this
Mortgage. may make Future Advances to Borrower. Such fltture 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 prindpal
amount of the indebtedness secured by this Mortgage. not including sums advanced in accordance herewith to protect the
securiq of tbis Mortgage, exceed the original amount of the Note plus USs 3,600.00----------------------
Y2 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, if any.
Y3. Attorney's Fees. As used in this Mortgage and in the Note. "attorney's tees" shaA include attorney's fees. if any.
which maybe awarded by an appellate mart. -
IN WITNESS WHEREOF, BORROWER has eXecuted this Mortga
Signed, sealed and delivered ILLI B R lJeal)
i the presence of:
~v~ ~ ~ Seal)
t.! ~ Ol ..,~c/ J .CAMERON .
(Seal)
• (Seal)
_ t
STATE OF FLORIDA f
ss.
COUNTY OF MARTIN -
The•#titt~iRg; instrument was acknowledged before me this 27th day of
" _ATatc , lg 79 by WILLIAhf BLAICH CAMERON and JA1~1FT K _ c .RON
x
c, ~ ~ _ ~ ~fy comtr~~ lr~a.rF oc flOR1D~ AT u?Rf8
STATTE_ ?f)~• •FLQf~DA MY ~OMlVIISS t ot~ FPP ~ RES NUV . 19 t081
{ COUN'Tx OFD'`", . ~ ss. tiOt~t` r:ixv :.Er~EW?L Gas , t~ERWLITEJ<S
The foregoing instrument was acknowledged before me this clay of
f , 19 by ~ and
i
,respectively,
President and Secretary of
a - corporation, on behalf of the corporation.
Notary Public
(seal) ~fy commission expires:
f
.
(Space Beiov This Line Reserved For Lender a~ Recorder)
S. 68.40 Fla. Revenue Stamps Received S 91 0 in payment •of taxef
due on i
Cancelled on l?riginal Note.
Class "C" Intangible Personal Property punuanc to
v Chapter 134, Laws of Florida, Acts of 1971.
Tess Collector
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BCCr ~A%~ 2966
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