HomeMy WebLinkAbout2716pnur to entn o! a ~uJgm~nt rnlurcing this \1~~ngagc il t a 1 B~~rr~~wrr p:~„ I cndc~ :dl .um. wh~ch would hc then duc unde~
ihi~ \tvrt~ag~, ihr tiote and notc~ xcuring 1-u~urr AJ~anr~.. ~t .~m. h:~~ nu acr~l~r.~uun ikcurreJ: Ihl Burruw•er curt~
all brrachr. ol any uther ci~venant~.~~ a~rrcm~i~t~ ul Borr.~wct ~um:nn~d in ~hi~ ~1~~rigag~: Icl H~~rruNr~ pa)~~ ail re:~~unahle
~xprmc. inrurrrJ b~ l.endcr m cnfor~ing ~hr cuvcnant. :uid agrrrmcm~ ~,f H~,r~owcr cuntainrd in this 111~,rt~agc and in
enfur~ing I.rnder's rcmeJi~~ a~ pruv~drd in p:~ragraph 1?t hc«ut. including, hut m~l hmitcd to. rra.~,n:ihle attorney's fee+: and
1d) Bu~r~,Hrr take~ +uch actiun as Lrn~er ma~ rea,unahl~ rcywre to a.~ure that ~hr I~rn u( this ~1:-rtgage, t_ender's ~nleresl
in ~hr Prupertp and Bi-rrower'S uhli~atiun Iu ~a~ Ihe ~ums ~ecured h~ this Alurtgagc ~hall continue unim~iretl. U~n Such
pa~~ment anJ rurc hy Borrow•er, this ~1~~rtgage anJ thr ubli~;ali~~m ~ecur~Y1 hrreM shall «main in lull force and efiect as i(
nu ac~clerau~~n had uccurrcd.
20. As~iRnment of Rents; Appoinlment ot Recei~er. A. additi~~nal .ecunt~• h~rrunJer. BorroHCr hereb}• a..~knc to
l.rnJ~r thc rcnt~ of thc Proprrty. pru~id~J th~t Burr~~N~r ~hall, prior 1~~ ~rccl~rati~~n undrr paragraph 18 hrreuf ur ab~ndun-
mrnt ~~f thr Prapcr~~~. have the right ta cullect and retain wrh rents a~ the~• becomr Jue and payable.
L;Ex~n arceleration under p~rag~aph t!t hcreuf or ahandi~nmcnt o( the Propcn}•, l.ende~ shall be entiUeJ to have a
rrce~~•er apFx~inted h~• a rourt to enler uEx~n, ~ake ~+c~~se~cion of anJ manage ~he Prapert~ anJ to coltect the rents of the
Pm~xrt~, irnluding thuse past due. All rent+ cullecteJ hy thc re~ei~•er ~hall tk apphed fint to payment of the costs of
management of the Propert~ and ~ullr~tiui~ of rrnh, ~ncluding, hu1 not I~nuted t~~, recei~~er'~ feeti, premiums on recei~•er's
ta~nJs and rcasonable attorn~)~'s tees, and then ti~ the ~um> >ecureJ b~• this \longage. The rece~ver ~hall be liabte to account
unly I.,r thosc rents actually recei~•cJ.
21. Future Ad~ancea. IIFx~n reyucst b} Burruwer, I.~ndcr. at L~ndcr'~ upt~on w~thin tweM~~ years from the date of this
~tortgage, ma~• make Future Advance~ to Bormwer. Such Futur~ AJvancec, with interes~ ~hereon, shall he secured by this
~tortRage when evidenced h}• promissor~• notes stat~ng ~h:u ~aid n~,tr. are ,ecured hereh~•. At no ~ime ~hall the principal
amount of the indebtednes~ secured by thi~ ~1c~rtgage, not including sumc ad~anccd ~n accord~nce herewith to prottet the
~ecurity ot thi~ Mortgage, exceed the ori~inal amount ~f the \ote plus USS.~S,OOQ.00 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
22. Release. Upon payment of all sums secured by this '~lorigage, I_ender shaU release this Mortgage without charge
to Borrower. Borrower shall pay all cost~ of recurdau~~n, it an~.
23. ,~ttorney's Hees. As used in this Mortgagr and m thr tiutc. "attomcy's fres" shall include attorney's fees, if any,
wh~rh ma~~ be aw•ardcd by :~n appcllatc ~ourt.
IN WlTNESS WHERFOF, Borrowrr has e~rcutcd this Mortgagc.
Signed, seakd and delivered
in thr Dr~sencc of:
.'. . . . . . . ~ . . . . . _ . . . . : ~!c . ~.~_ ~.
.`'~ . . . . ~" . . . . . . . . . . . . . . `. .~.. .
ATF OF FLORIDA, . . . . . . . . . . . MAR'PIDT_
// ~ _ ~_c
f~ r ~. . : . . . . ~~. I . . . . . . . . ($Ca~~
Robert G. Stockwell ~ ~ ~OrtOWef
. ~~ ~ / :
~ .~r.''~-. ~ t . . ~. :~~.~.~~~~ ~- .l( 1)
L • -Bo~~er
Marilyn R. tockwe 1
..................Countyss:
L hereby certify that on this day, before mr, an oflicer dul}~ authorized in the state aforesaid and in the county
aforesaid to takc acknowledgements, personally apprarcd. ~BERT_ G.. .S'TOCKWELL .and.mARILYN .B. . . . . . : .
STOCItWELL,. his .wife . .............. . to me known to Fk the p~rs.nn(s) described in and who executed thc
foregoing instrument and acknowledgcd before me that. ...~1eY. .... .~xecutcd the same for the purpose therein
expmssed. ~.,/
~'K
W x~y hand /•'nd official s~al in the county and statc aforesaid this. . - - - . . l .~ . . . . . . . . . . . .day of
. ~
...... . .G/L~t:~J.....--•-•••-,19.81. _;.~ .
f - S . ~+.
My Commission cxpires: ~ s • -
. . . . . . . . _ . .~ - .~ ~'k~l'~C~. . . ~ . . . ~ .fo;ti-
~ss.i~ Notary PuClic . ~ ,,, 'O~ ~. ,:- ;.
~~~~My ~K. S:iiC 0~ FiOrH~ i~ ~.ifQ! : t~ ~ 7'" ~ 7. ~:~
iJ-r CoT•-N-..~ E~:~•cs ieae 1. 1982 -:1: ~a, ` o'~'~
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~ ''K 351 P~~E 2712
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