HomeMy WebLinkAbout0987 19. Bor:ower'a Rig6t to Reiaaate. Notwithsunding Lender i acceleration o[ the sums serured by this ~tottgage, Bor•
~ower shall have the right to have any proctedings begun by Lender to entorce this \lortgage disconti~ued at anr time
prior to entry o[ a judgment entorcing this rlortgage it: (a) Borrower pays Lender al! sums vrhich would be then due under '
this 1lfortgage. the Note and nota securing Fl~ture Advanca. it any. had no accelention occurrcd: (b) Bor~ower curs all
breachca ot any ocher oovenanu or agrcements of Bocrower to~tained in this rfongage; (c) Borrower pays all reasonable
expenses incurrcd by Leoder in eatorcing the mvenant: aad agreements of Borrower contained in this Afortgage a~d in ~
enfoning Laxler
s remedia u provided in puagraph 18 hereof. indudi~g, but not limited to, reasonable attorner's tees: a~d ~
(d) Borro~ver taka such action u Le~der may reasonably require to auure that the lien of this Mortgage, Leodar~- jnterest ~
i~ the Proptrty and Botrower's obiigatioa to pay the sums setured by this Mortgage shall continue unimpaired. Upon such
payme~t and cure by Borrower. tbis 1?tortgage and thc obligations secured herebr shap remain in tull torce and ef[ect u if
no aaelention had occurred.
2'0. Aa~ig~uneat o[ Rent~ Appoiacment of Rece'na. As additional security hereu~der. Borro~ver he~ebp auigns to ?
Lender thc rents oE the Property. provided that Borrower shall. prior to acceleration under pangraph 18 hereof or abandon- ~
ment ot the Ptoperty, have che right to mllect and retain such rents u ehey beoowe due and pa~rable. ~
Upon acceleracion under paragraph 18 hereof or abandonment o[ the Property. Lender shall be entided to have a rc-
ceiver appoi~ted by a murt to enter upon, cake possession of and manage the Property and to mllea the nnts oE the Prop~
eny, including those put due. All rcnu rnllected by the receivtr shaU be applied fint to papmau ot the costs o[ manage- ~
ment of the Propetty and coltection o[ rents, including, but not limited to, receiver's tees, premiums on receiver's bonds and ;
• reasonable attorney's fees, and then to the wms secured by this Mortgage. The rccei~~er shall be liablt to account onlr for
those nnts actually reaeived. .
21. Future Ad~anoa. Upon requat by Borrower, l.ender. at I.ender's option within aventy yean [rom the date of this
Mortgage. may make Futun Advanca to Borrower. Such Fucure Advances. with i~terest chereon, shall be secured br thia
11toTtgage when evidenced by promissory nota suting that said notes are secured hereby. At no time shall the principal
amount of the indebtednas secured by this 1ltortgage, not intiuding sums advanced in accotdance herewith to protect the
secarity of this 1lfongage, accecd the original amount o( the Note plw USf NONE-----------------------
YZ Rdea~e. Upon payment of all sunu secund by thia 1?~ortgage, Lender shall rrlease this 1ltortgage without charge
to Borro~ver. Borrowet shall pay all cosa of rtoordation, if any.
23. Attomrys Fee~. As uxd in this ~Iortgage and in the Notc. "attorner s fees" shall includ~ attorney's fees, if anr,
which may be awarded by an appellate murt.
Inr ~VITNESS WHEREOF, BORROWER has executed this 114orcgage. ~
Signed. sealed and deli~~ered ~7"-~-1~4-~ (Seal)
i e presence of: WILLIAM H. MCELHENY
. J C~~ ~ r-~ _ . (Seal) ~
~ n . A. MCELHENY
fT. '
. (Seal)
(Seal) f
STATE OF FLORIDA
COUI~TY OF MARTIN ~
~'he•.fptegoing instrument was ackno~vledged befure me this 29th day of
_;,,a...,.... J'` ,~March lg 79 by WILLIAM H. MCELHENY and I.OLA A. MCELHENY . ~
~-s~s~ , ,
~ is wife
_ 4'.' n. t
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. . ` , rOtar~• pU ~
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~(y commission expires:
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. - . . NptAR1 V'v'EtIC STR(F O~ FLOR'n!? Ai IARGE ~
S7'A~~'E Q~' k~'+L.ORIDA ~ M.~~ v~ss,~_,~: ~ =f` ~.sv ~ - ~ ~ ~ ~j ~j
~yUN"Jt a Ol` ~ 6•:^:J: _ nr: .,c~a.2~i JI...+~:.R':i.~c / / ~
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The foregoing instniment was ackno~vledged before me this ~ay of
~ . 19 - by and
[
~ , respectively, ~
~ President and Secretary of ~
~ a corporation, on behalf of the corporation. ~
~
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~ . i
NdfIY pUh~~C ~
r (seal) _ ~(y commission expires:
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( Sp~oe Below 'lbi~ line Reservcd For I.ender and Recordei )
; 60.75 p1a. Re~enue Stamps Received S 81.00 in payment of taxes dut on
' Cancelled on Original Note.
~ Class "C" Intangible Personal Property pursuant to
~ Chapter 134, Larvs of Florida, Acts of 1971.
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