HomeMy WebLinkAbout0986 19. Botrower's Right to Reitutate. Notwithstanding Lender's acceleration of the sums secured by this I?tortgage, Bor-
rowFr shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender al! sums which would be then due under ~
this 1lfortgage. the Note and notes securing Future Advances. if any, had no acceleration occurred; (b) Borrowwer cures all t
breaches o[ any other covenants or agreements o[ Borrower contained in this Afortg:tge; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreemenu of Borrower contained in this Mortgage and in
enforcing Lender s remedies as provided in paragraph 18 hereof. including, but not limited to. reasonable attorney's tees; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of 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 full force and effect as if
no acceleration had occutted.
20. Assignment of Rents: Appointment of Recelrer. As additional security hereunder. Borrower hereby assigns to
Lender the rents of tht 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 acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a re-
ceiver appointed by a court to enter upon, take possession o[ 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-
ment of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and
reasonable attorney's fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account only for
those rents actually received.
YI. Future Ad•trnces. Upon request by Borrower, Lender, at Lender's option within twenty years from 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 tht
security of this A~ortgage, 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.
23. Attorney's Fees. As used in this \lortgage and in the Note, -'a[ro,,,ejrs fees' shall include attorney's fees, if any,
which may be awarded by an appellate court.
IlV ~VIT\ESS WIiEREOF, BORROWER has executed this Mortgage.
Si ed, sealed and delivered ~`~3~y (Seal)
' the presence CHARLES ,,WSJ BIERDS
„o"`r'`~`. J{Seal)
' DOROTHY BIERDS
r (Seal)
, (Seal)
err ~r oxz~a
~O~•7)~Y OF IN~ ~
`Th~for t~n~ instrument was acknowledged before u>te this 30th day of
~T, N _mh~r~_. ~Ig 79 by CHARLES W. BIERDS and DOROTHY N.BIERDS
~ his wi
I' (seal) ,
xa. bt
I~ ~(y ctlmmission expires:
~ STATE OF FLORIDA >wlpRranr trtlllltSTArF t~ 1toRl~A At IARGE
COUNTY OF ~ SS. MY CON.MtSS10N ExPIRES PtO~v 19 19lft
tit3NDEG ~ttRU GENERAL WS. Ip4DfRW~1TERS
j The foregtling instrument was acknowledged before me this day of
f , 19 by and
,respectively,
President and Secretary of
a corporation, on behalf of the corporation.
lotary Public
(seal) \(y commission expires:
(Space Below 'Ibis line Reseraed For Lender and Recorder)
s 6(l _ (10 Fla. Revenue Stamps Received S 80 00 in payment of taxes due on
Cancelled on Original \ote.
Class "C" Intangible f crsonal Property- pursuant to
l Chapter_ 134• Lana of Florida, Acts of 197E
Tu Collector
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