HomeMy WebLinkAbout1373 19. Borrower's Right to Reitutate. Notwithstanding Lender's acceleration of the sums siecurtd by this Atortgagt, Bor-
rower shall have the right to have any proceedings begun by Lender to en[orce this ~lottga'e discontinued at- any time
prior to entry of a judgment enforcing this Mortgage it: (a) Borrower pays Lender all sums which would be then due under
this 1?tottgage. the Note and notes securing Future Advances, iE any. had no acceleration occurred; (b) Borrower cures all
breaches o[ any othtr covenants of agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in en[orcing the covenants cad agreements of Borrower contained in this Mortgage and in
enforcing Lenders remedies zs provided in paragraph 18 hereof. including. but not limited to. reasonable attorney's tees; and
(d) Borrower takes wch action as Lender may reasonably require to auure that the lien of this 11[ortgage. Lender's interest
in the Property and Borrower's obligation to pay the sutras secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall retrain in full force and e[[ea as if
no aaeleration had occurred.
20. Awignment of Reath Appoiatmeat o[ Reoeivet. As additional security hereunder. Borrower hereby auigns to
Lender the rents of the Property. provided that Borrower shall. prior to acceleration under paragraph 18 hereo[ or abandon-
ment o[ the Property. have the right to collect and retain wch rents u they btcome due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a m
teiver appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the Prop•
erty, including those past due. All rents collected by the receiver :hall be applied tint to payment of the costs of manage-
ment of the Property and collection o[ rents, including. but not limited to, receiver
s tees, premiums on receiver's bonds and
' reasonable attorney's tea. and then to. the sums secured by this Mortgage. The receiver shall be liable to account only for
those rents actually received.
YI. Future Adrantxa 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 intemt 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 tht indebtedness secured by this Mortgage. not including wms advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS NONE-------------------------
Y2 Releases Upon payment of all wms secured by this Mortgage. Lender shall release this 2?lortgage without charge
to Borrower. Borrower shall pay all costs of recordaeion, it any.
Y3. Attoraty's Fca. As used in this Mortgage and in the Note. "attorney's tees" shall include attorney's fees, it any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, BORROWER has executed this MortgaJge.
Signed, sealed and delivered Q (Seal)
in the present o : S N B. S ZE
~(~l. (Seal)
DIANE L. SW ZEL
(Seal)
(Seal)
STATE OF FLORIDA
COUNTY OF MARTIN
The foregoing instrument was acknowledged before me this Ord _ day of
April , 19_Z.Lby STE N B SW RTZF . and DTANE L_ SWART7Ei.
1 W-
\1~~),_ ~ s ~ ~ ~ otary Public
1 '
• _ • . (y commission expires•
. , ~ ' - • = ~ ~sry fnhic. Stab of Eletids at later
. ~ STATE QF';~.ORIDA ) ~ ~ Od- 4, 1980
G~OUNTY Oh` = 3 s.as w a..k.. rr. a css c••rst
• • The•Fotjegoing instrument was acknowledged before me this day of
` 19 by and
.respectively,
4 President and Secretary of
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a corporation, on behalf of the corporation.
t
Katuy Public
~ (seal) \Iy commission expires:
t
1
t
(Space Bdov. 'Ibis Lim Reserved For I.roder end Recorder)
x
~ 58.50 Fla. Revenue Stamps Received $ 78.00 in payment of taxes due on
Cancelled on Original Note.
Clau "C" Intangible Personal Propert~• pursuant to
Chapter 134. Laws o[ Florida, Acu o[ 1971.
Tu ColleYtor
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~~~K U6 EA~F137
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