HomeMy WebLinkAbout2779 19. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage, Bor-
rower shall have the right to hare any proceedings begun by Lender to enforce this Mortgage discOtttinued at any time
prior to entry of a judgment entorcing this Mortgage if: (a) Borrower pays Lender all sums which would be then duevnder
this 1ltortgage. the Note and notes securing Future Advances, if any. had no acceleration occurred: (b) Borrower cures all
breathe: of any other covenants or agreements o[ Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in entorcing the covenants and agreements of Borrower contained in this ~tortgage and in
enforcing Lender
s remedies as provided in paragraph 18 hereof. including. but not limited to, reasonable attorney's tees: and
(d) Aorrower takes such action as Lender may reasonably require to assure that the lien o[ this Mortgage, Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower. this Mortgage and the obligations secured hereby shall remain in [ull torte and effect as if
no acceleration had occurred.
Q0. Assignment of Reath Appointment of Recelrer. 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 due and payable.
Upon aaeleratiori under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have x re•
ceiver appointed by a mutt 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 costs of manage•
went o[ the Property and collection of rents, including, but not limited to, receiver's tees, premiums on receiver'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. '
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4t. Future Advances. Upon request by Borrower, Lender, at Lender's option within twenty yean fwm the date of this
Mortgage, 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 are secured hereby. At no time shall the principal
amount of the indebtedness secured by this :Mortgage, 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. Releases Upon payment of all sums secured by this Mortgage, Lender shall release this 1ltortgage 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" shall include attorney's fees, if any.
which may be awarded by an appellate mutt.
IN Wrr;vESS WHEREOF. BORROWER has executed this 1liort Rer j/~
Signed, sealed and delivered ,lr~j` ~i al)
i he presence of: ~ HALL VAN ~ DINGHAM _
..G~l.~..! AS y V' I GHAM eal) ~
(Seal)
(Seal)
STATE OF FLORIDA
COUNTY OF MARTIN ~
The foregoing instrument was acknowledged before me this 27th day of
•:.,~M1L , lg 7~by MARSHALL VAN LANDIN®iAM and ASHLEY C. VAN
• ~ • his wife
. _ _ - \otary Pub
sty commission expires:
~`Sx~3'l~- b~ FI.QRIDA
GC~bN•TY 0~.~~ ~ ss.
'The foregoing instrument was acknowledged before me this day of
19 by and 1
,respectively,
President and Secretary of -
s
a corporation, on behalf of the corporation. - =
!
:\otary Public
~ (seal) sty commission expires:
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1
1
s.
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~ (Space Below This line Reserved For Trader and Recorder)
i 30.90 41.20 in ~a ent of taxes due on
~ Fla. Revenue Stamps Received S 1 ym
Cancelled on Original Note.
Class "C" Intangible Personal Property pursuant to
Chapter 134, Laws of Florida, Acts of 1971_
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