HomeMy WebLinkAbout1950 19. Botrower'a Right to Reitutate. Notwithstanding Lender's acceleration o[ the sums secured by [his Mortgage, Bor•
rowtr shall have the right to have any proceedings begun by Lender to enforce this Mortgage discoutinurd at any time
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays lender all sums which would be tlte?? due under
this Aortgage, the Note and notes securing Future Advances. it any, had no acceleration occurred: (b) Borrower cures all
- ~ U ~ breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
~ expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
~ ; N enforcing Lender's remedies as provided itt paragraph 18 hereof, including, but trot limited to, reasonable attorney's tees: and
~ ~ (d) Borrower takes such action as Lender may rcaso?tably require to assure that the lien of this Mortgage, Leader's interest
,1.~ ~ ~ in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
to payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
' o R' no acceleration had occurred.
; ~ m r: 20. Assigtuaent o[ Rentz Appointment of Receirer, 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-
~ to Oment of the Property, have the right to collect and retain such renu as they become due and payable.
- ~ 2 Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be rntitled to have a re-
. ' ceiver appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the Prop-
erty, including those past due. All rents collected by the receiver shall be applied first to payment o[ the costs of manage-
ment o[ the Property and collection of rents, including, but not limited to, receiver's tees, premiums oft receiver's bonds and
reasonable attorney's fees, and then to the sums secured by this Mortgage. Thr receiver shall be liable to account only for
those rents actually received.
2f. Future Advances. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this }
Aortgage, may make Future Advaaces 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 \f ortgage, exceed the origi??al amount of the Note plus USS NONE - - - - - - - - - - - - - - - - - - - - -
Y2. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage 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 fees" shall include attorney's tees, if any,
which may be awarded by an appellate court.
Inc tVrr~t=ss Wti>:REOr, I3oRROwEtt has executed this l~icyt~agsk il,
Signed, tiled and delivered B : (Seal)
in the ese ce Clift s f, ident
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ST:1TE t7F ~1R~l~A
• C()liNTY OF .`ij'/~14~/NiO~ ss.
The fciregoing instrument was acknosledged before me this day of
~ 19 by
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(seal)
\aan Public
~ WISCONSIN ~I>• c?,mmission expires:
ST:~TE OF KKC
~ Cni'1T1' nF9j1/~~Nv ss.
~ The foregoing instnnnenc was acknowledged before me this ~ ~ day of
February , 19 ?9 by CLIFTON J. GROSSKOPF and
RICHARD J. DODGE respecti~•ely,
President and Secret: r • f GROSSKOPF OIL, INC. ,
Wisconsin au orized to a usiness in Florida
j a corpontion~on behalf of the co on.
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• • Xotaq• Public .:i 7.}7G Or Kh@f~il/S/~
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f Space 8ebn• This Line Rexn~ed For Lender and Recorder)
S 25 Fla. Keyenue Stamps Iteceiyed 5 103. 00 in payment of taxes due on
Cancelled nn Original tote.
(aas LrtanKible Perumal Property pursuant to
Chapter 13-1. Laws of Flr?rida, .•lets of 1971.
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Tu Collector
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322 p~1944 (1 ,z •
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