HomeMy WebLinkAbout0961 19. Horr~wera Righc co Reiniiate. Nocwithstanding Lender i acceleration o( the sums xcurcd by thi: ~fortgage, Bor-
rower shall have thc right to haee any proceedii~ps begur? by Lender to en[orce this ~lortgaqe difconcit~ued at an) time
prior to entry of a judgment entorciug this Mortqage i(: (a) Borrower pays l.e~der all sums which would be then due under
this Mortgagc, thc Note and nota securiag Future Adva~ces. i[ anr. had no accelcration occurred; (b) Borrower cura all
breaches ot a~y ocher oo~•enanu or agrc~eme~ts o[ Bortower co~uined in this 1liortgage: (c) Borrower pays all reasonable
• expense~ incutred by Lender in entorcing the covenants and agreemenu ot Borrower contained in this ~lortgage and i~
enforcing Lender
s remedia as providcd in paragraph IS hereof. induding, but not limited to, reasonable attorney's [ees; and
(d) Borrower takes such action as Lender may reasorably require to assure that che lien of thu Mortgage. Lender's interest
in the Property and Borrower's obligacion to pay the sums setured by this Mortgage shall co~tinue unimpaired. Upon such
payment and cure by Borrower. this Mortgage ind che obligations secured hereby shall remai~ in [ull torce aitd e[fect as if
no accelention had oaurred.
20. Asignment oE Rent~ Appoiatmeat ot Reoei~er. As additional setutity hemunder, Borrower hereby assigns w
Le~der the renu of the Property, ptovided that Borrowcr shaU, prior to aaelcration under paragraph 18 hereot or abandon-
ment ot the Property. have the right to collect and nwin such renta u they become due and payable.
Upon accelentiori under paragraph 18 hereot or abandonment oE the Propetty. I.ender shall be e~titled to have a re-
ceiver appointed by a court to enter upon, take possession of and manage the Ptoperty and to collect the rents of the Ptop-
ertr, including those past due. All rents callected by the reteivrr shall be applied tinc to payment o( the coiu of managr
mtnt o[ the Pooperty and coliettion oE rents, including, but not limited to, recei~~er's [ees, premiums on recei~~er's bonds and
reasonable attorney's Eees. and then to the sums secured by tlus Mortgage. The receiver shall be liable to account onlr Eor
those renu aaually received.
21. Fusnre Advanoes. Upon requat by Borrower, Lender, at Lender's option within twentr yean from the date of .this
1liortgage, may make Futvre Advances to Borrower. Such Future Advances, with interat thereon, shaU be secured by this
11~ortgage when evidenced by promissory notes stating that said nota are secured hereby. At no time shall the principal
amoant of the indebtedness secured by thts 1?fc?tegage. not induding wms advanced in accordance herewith to protect the
security oE this Mortgage. exceed the original amoune oE the Note plus USS NONE-----------------------
Y2. Releasa Upon payment oE all sums secured by thia Mortgage, Lender shall release this Mortgage without charqe
to Borrower. Borrower shall pay all costs oE recordation, if any.
Y3. Attorne~s Fas. As used in this ~tortgage and in the Note. "attorne}~s fees" shall include attorney's tees, i( anp.
which may be awarded by an appellate tourt.
I[V ~'VITNESS WHEREOF, BORROWER has executed this Mortgage.
Signed, sealed and delivered ~ (Seal)
in the pre ence of: OBE T D. GRIFFIN .
. ('j. ° . • ~ . (Seal)
L. GRIFFIN
~ (Seal)
(Seal) .
STATE OF
~~~~A(X
. COUNTY OF U,~~~~ ~
Th foregoing instrument was ackno~vledged before me this day of
. 197.~_by
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i p ~1 A~'~~ • haan•
; ; • ~(y commission e res:
' " fl~lOJ~IA,S k HI1YD8~1
3 ~ ~ S`•T1~(Tffi l`~ :~~ARIDA
~ ,~~~I~`!t?~~ ~ ss. Natary Public, Weyne County, Mtc1i,
~ , hty Comr.r:szion Expires 10-25-81
~ •.,..'~~~foregoing instrument ~vas acknowledged bef~re me this ~ay oE
~ and
. 19 by
~ . respectively,'
President and Secretary of
a corporation, on behalf af the corporation.
~ Kotary' Public
(seal) ~Iy commission expires:
~ ~
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~ (Space Belm? 'lbis line Aeserved For Lender and Recorder) .
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~ S 43.20 Fla. Re~•enue Stamp~ Recei~•ed S 57.60 in payment of taxes due on
~ Cancelled on Original 1ote.
~ Clau "C" IntanRible Persoual Propert}• pursuant to
Chapter 134. Laws o( Florida, Acts of 1971.
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~ Tu Collector ~
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~ , . 61
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