HomeMy WebLinkAbout2260 19. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the suqu soured by this Mortgage, Bor
rawer shall have the right to have any procrediugs begun by lender to eotorce this Mortgage dixontinued at any time
prior to entry of a judgment enforcing this 1lfortgagt iL• (a) Borrower pays Lender all sums which would be then due under
this Iltortgage, 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 entorcit?g the coa•et?ants acrd agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but trot limited to, reasonable attorney's fees: and
(d) Borrower takes such actiot? as Lender may reasotwbly require to assort that the lien of this Mortgage, Leader's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall contit?ue ut?impaireci. Upon s(tch
payment and cure by Borrower. this 1•tortgage and the obligations secured hereby shall remain it? full torte at?d effect as i[
no accelention had occurred.
20. Atttignment of Reat~ Appointment of Rterirer. As additional security hereunder, Borrower hereby assigns to
Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property. have the right to collect and retain such rents as they become dot and payable.
Upon accelentiori under paragraph l8 hereof or abandonment of the Property. Lender shall be entitled to have a re-
ceiver appointed by a rnurt to enter upon, take possession of and manage the Property and to collect the rents of the Prop-
erty, including those put due. All rents collected by the receiver shall be applied first to payment of the casts of manages
went of the Property and collection of rents. including, but not limited to, receiver's tees, premiums on receivei s bonds and
• reasonable attorney's tees; and then to the sums secured by this Mortgage. The receiver shall be liable to account only for
those rents actually received.
21. Futurtt Advances. Upon request by Borrower, Lender. at Lender's option within twenty yeah tram the dart of this
Afortgage, may make Future Advances to Borrower. Such Future Advances. with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes arr secured hereby. At no time shall the principal
amount o[ the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this llfortgage, exceed the original amount of the Note plus USS NONE------------------------
Y2. Release. Upon payment of all sums secured by this ~fortgagt, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs o[ recordation, if any.
Y3. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attortey's fees, if any,
which may be awarded by an appellate court.
IN WIT\ESS WHEREOF, BORROWER has executed this Mort
Signed, sealed an deli~~ered (Seal)
i esence LIP J GN
• ~ ~ (Seal)
JEANNE S. CIiAGNON ~ .
(Seal)
(Seal)
MASSACHUSETTS
STATE OFX~K111CL~~~~
• COU\TY OF (~,t,sq,
The foregroing-instrument was acknowledged before me this day of
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The foregoing instrument was acknowledged before me this day of
19 by and
~ respecti~-ely,
President and Secretary of
~ a corporation, on behalf of the corporation.
l~otan• Public
(seal) \(y COmmISSIO11 eXplres:
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(Space Bebw This Line Reserved For Leodn and Recorder )
S 36.00 Fla. Revenue Stamps Received S 48.00 in payment of taxes due on
Cancelled on Original \ote. s
Clans Intangible Personal Propert}' pursuant to
Chapter 134. Laws of Florida, Acts of 1971.
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