HomeMy WebLinkAbout2696pnor to rmn ol a ~uJgmrnt rnlorring thi. ~t~,rtga~;c it ~ a 1 lian.~Hrr pa~. I rnJrr all ,wn~ whirh would t~c ~hcn Juc undcr
thi~ \1urlg:iLC. Ihc :'rc~tc anJ notc~ ucunnK Fulur~ Ad~an~r~. ~f an). haJ nu aciricrat~~~n ~w~~urr~d: Ihl Hurruwcr curec
ail hr~ache. ~-t an~ ~ither rc-~en~nl~ or agrrem~nt. ul B~~r~uN~r ~unt:unrd in thi~ ~lurtgagc: ,tc- R~~rrow~r p.~y+ aU rea~i~nable
~~pemr~ inrurrrJ b~ I.ender in cnf~xcing ~hr cu~rnam~ an~ a~;r«ments ~~f Borrower cuntaine~ ~n thi. ~lortgage and in
cnf~,rr~ng 1 rndrr'. remrJics a~ p~uvidrJ ~n p.~ragraph Itt hcrr~~t. incluJing. but not IimitcJ t<~, rcawnahle atti~rnc~~'s fec+: and
IJl BorruNCr takr~ ~urh act~on a~ Lend~r m~~ rr~wnahl~ r~yu~rc to a~~urr ~hat Ihe lirn ol thi~ ~lortgage. 1_ender's interest
in thr Pr~,{x;r!~ anJ Burrow~cr'~ ohh~atiun to pa~ ~hc ,um~_~rrurc~i h~ th~+ Mortgaer ,hall rontinuc unimpaired. L'~n such
paymrnt and cure b~ Borruwer. Ihi~ \t~~~tg:~g~ an~ thc ~~hligati.~n, ,erured hrrehv shall rrmain ~n (ull force and efTect as if
nu rccrlcrau~~n had ~kcurrrd.
20. As~i~nment ot Rents; Appuintment oi Recei~er. A~ .~dJi~~~~~sal .ecunl~ hcrcunJ~r, Borr~~wen c~rchy :~+vKm to
I.cnd~r thc rcn~ti of thc Nruprrt~•, pru~i~lr.l th~t Burr~~~cr .h~ll, priur ~~+ accrlrr~U~~n undrr paragraph 1R hereu[ ur abandon-
mrnt ~~f thr Pruprrt~•. have Ihe nght to ruUcc~ and ret:un surh ren~~ as thcy M:romr due and payable.
UMm a~ccler:~tion under paragraph Itt hcrrut,ur ah:~ndonmcm u( the Propcrt)', I.ender shal) he entitled to have a
re:ri~cr apFx~inted h~ a court tu rnler uFx~n. take Fx»x.~iun o( and manage the Propert}' and to rnllect thr rents of the
Pr~~~rt}~, inrluding those pas! due All renn collecteJ hy the rereivcr shall he applied first t~ti payment of Ihe costs ot
ma~eagcmrnt ot the Pmper~~ and r~~lle~uun uf rcM~, ~ncluJing. hut no~ lim~tcd tu. receicer'~ fees, premium+ on recei~'er'~
tk~nJs and r~asonablc ruorne~~'s fer~, anJ thrn tu the sunn serured b~~ this ~tortgagc. ~he reci:iver shall be liable to acrnunt
unh• fur thotic rents actuall~• rcce~vcd. •
21. Futurc Ad~ancts. UEx.n rcyuest hy Borrowrr, l.ender, at 1 ende~ ti opUOn within tw•enry yearc from Ihe date of this
~lortgage, m~y make Future Advan:cs tu Rorrower. Such Future AJ~.~nce~. with interest thereon, shall be secured h}~ this
~fortgage whcn evidenced by promissur~~ nutes .tat~ng th:~t ~aiJ n~~t~5 are ~ecured hereh~. A! no time shall the pnncipal
•rmuunt of ~he mdebtedness secureJ hy thi, Mortgage, not ~ncluding wmti advanced in acrn~dance herewith to protect the
secunry M thiti ]1lortgage, ~~ceed the ~~nginal ami~unt of the Note plus USS 50. 7.O.Q.OQ . . . . . . . . . . . . . . . ..
22. Release. U~x~n payment of all sums secured by th~s Mortgagc, Lender shall rclea~e this M~rtgage without charge
to Burrower. Borrowcr shall pay all co.ts ~~f recurJat~on, il :~n~_
23. Attorne~'s Hees. As used in ~hu Muitgagr and ~n thc tiote. "aur.rne~~'~ fres" shall includc attorney's fees, if any,
which ma~• be awarJrd hy an ap{~ellate rourt.
IN WITNESS WHFRF.OF, Borruwrr ha~ exr~uted this M~rtgage. '~
Si~ncd, scalyd and deliv~red
in thr Drescncc of:
,;
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.~ ~ .
.~,~~-. ~ . . . . . . . . . . . . . . . . .
~ . cs~a~~
' ctor J. P lill . . . -8o--orrer
~ ~/ = ~~~Ll~ . . . . . . . . . . . (Scal)
an A. Pelillo -8o.•.,we.
STATF OE FLORlDA, . . _ . . . . ~I?T.IN . . . . . . . . . . . . . . . . . . . . . . . . . .County SS:
I hereby~ certi(y that on this Jay, txfore mr, an oflicer ciul~ authariud in the state aforesaid and in the county
aforesaid to take acknowledgrments, ~xrsonally apFicared. .VICTOR J. ,PELILLO ,~~_,79~1, p.. .P~I•II•T6~,, ..
his wife ... ..., to me known to tk the pcrson(s) described in and who eaecuted the
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foregoing instrument and acknowledged beforr me that ... they_ ..._..~xecuted the same for the purpose therein
eapresse
. ~;c - ~\: ..
~ ,~~71~sS. ~hand and official seal in the count}~ and state aforesaid this. _,1~ . . . . . . . . . . . . . . . . .day of
~ ,';~- ............. . 19.82• -
~
My Commissien ekp~rqs~'~f /
. • . --, ` /~
, ~ _ - - • ~..~. ~/.,~. .~. -~.~~ . . . . . . . . . . . . . . . . .
. [Ses~J . _ Nolary Pubtic
. . ,\~.
; • ,
~ _ ~ - ..~ .
(Spsce Be1ow This l~ne Reserved For Lender and Recorder)
,~{~351 ~~~tz-~z
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