HomeMy WebLinkAbout2694 19. Borsower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Mortgage, Bor-
rower shall have the right to have any proceedings begun by Ltndcr to en[oroe this Mortgage discontinued at any time
prior to entry of a judgment en[orring this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage. the Note and notes securing Future Advances, i[ any, had nQ acceleration occurred; (b) Borrower cures all
breaches o[ any other rnverrants or agreements of BotTOMer contained in this Mortgage: (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenanu and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph l8 hereof. including. but not limited to. reasonable attorney's tees; and
(d) Borrower takes such action as Lender may trasorubly require to assure that the lien of this i?iortgage, 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 full torte and effect as if i
no acceleration had occurred.
20. Assignment o[ Rents: Appointment of Rooeiver. As additional security hereunder. Borrower hereby assigns to ~
Lender the rents o[ the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
went of the Property. havr the right to collect and resin such rents as they become due and payable. - }
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Leader shall be entitled to have a re-
criser appointed by a court to enter upon, take possession of and manage the Property and to collect the rents o[ the Prop-
erty, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of manage-
ment o[ the Property acrd collection o[ rents. including, but not limited to, receiver's tees, premiums on receiver's bonds and ;
rusonable attorney's tees, and then to the sums secured by this Mortgage. The recei~•er shall be liable to account only for
those rents actually rettived.
21. Future Advaaccs. Upon request by Borrower, Lender, at Lender's option within twenty years from the date o[ this 1
Mortgage, tray make Future Advances to Borrower. Such Future Advances, with interest thereon. shall be secured by this
Mortgage whrn evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount o[ the indebtedness secutrd by this Mortgage. not including sums advanced in accordance hemwith to protect the ?
security of this 1lfortgage, exceed the original amount of the Note plus USS NONE----------'-----"'-'
22 Release. Upon payment o[ all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorney's Fees. As used in this \(ortgage and in the Note, "attorney's fees" shall include attorney i fees, if any,
which may be awarded by an appellate court.
lh Wtr~rss WHEREOF, Boxttowett has executed this Mortgage.
Signed, sealed and delivered G_,C~4~r~' (Seal)
in the presence of: IRA BARNES
(Seal)
J P. BARNES
(Seal)
(Seal)
i
STATE OF FLORIDA
COUNTY OF MARTIN ~ ss.
The foregoing instrument was acknowledged before me this 11th day of
_ June .lg •79 by IRA A. BARNES and JEAN P. BARNES his wife a
.•(~I) -
_ ota Public
• `'f`~ f • t~Y _ ~fy commission ex Tres: -
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~ rJpTAPY o„?• t;: *c rtQP'^.a AT IARt:,E
S~'ATE OF FL_QRID:\ ) ~cy~..v:•:,•~~•~~~.:.. ~apiv,~(
C . l'1~~,~1F~ j S5. EC/~~:/-J ~~R~ ;~C~~i , Uh?CKi~R1~~2J
~'~fiS~fotegoing instntment was acknowledged before me this day of _
' J i
s ~ , 19 by and
,respectively,
{
President and Secretary of
S a corporation, on behalf of the corporation. '
s -
- Xot:D' Public
(seal) \ly commission expires:
i
s
(SPace trebw This Iiae Reserved For I<nder and Recorder} ~
S 83.10 Fla. Revenue Stamps Received S 110.80 in payment of taxes due on
Cancelled nn original \ote.
Class Intangible Pertional Propert~• pursuant to
Chapter 131, Laws n[ Florida, Acts of 1971.
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Tu Collector f
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