HomeMy WebLinkAbout087118. Acceleratioa; Remediea. F:cept ea provided in pac~rsph 17 bereot. upoa Borrower'~ breaeh ot ~a~r ooveaant a~
a~reement uf Borrower in thL Moirt~a~e. includlnQ the oovea~ta to pq- when dae any sum~ sewred by this Matts~e, I.eoder
prior to acoeleration ~hall mail notioe to Borrower as pwvided ia pu~trapli 14 hereotspedtj-ias:l l) tbe be~e~cb: (Y) tbe wctioa
requited to cure such breach: l9) s date. aot lew thsn 30 ds~r~ hom the dste tbe aotfoe b mailed to Borrow-er. b~r w-Rjc6 wcb
bree~ch mwt be cured; ead (4) thet tailure W cure such breach on or before tbe date ~peciAed ia t6e notioe ~aJ- rewlt iu
acoelerstlon oithe ~uras.ecured by thle Mort~a~e. foreclosure by judici~l pwoeedias wnd sale o[t6e Propeet~r.'t'6e notioe s6a11
further iaforen Borrower oi the riYht to reinstate eher tooeleration and t6e ri~t to as~est ia t6e foreclow~rs oe~ooeediot tbe
noa-e:istence of a detault or aay other defen.e ot Borrower eo aocelerRtion and foreelowre. lt t6e breach is uot as~d on or
before the dete epeci8ed ia the aotice. l.ender at I.eader'~ optioa m~y declare all of tbe a~nu ~ewred b7 tbjs llort~~ie to be
immediately due and pqyable without furtber demand and msy [oreclose thL Mort~ase by judicial pmoee~diat. l.e~r ~ball be
e~titied to collect ia such proceeediag alt expeaeos of [orecloeure. includin~. but not limited to. reawnable attorney'~ feu. and
coate of documentary evidence, abstracts ar~d title reporta.
19. 8orrower's Right to Reiastate. Notwiihstanding l.e~der's acoeleration of the sum~ ~ecured by tbia Mortgagr, 8oaowa ~hall have
the right to have any pmcYedings begun by Le~de~ to enforce this Morfgage disoontinued at any time p:ios W entry of a jndgment eatoccin~
thia Mortgage if: (a) Borrower pays Lender all eums which would be then due undsr thie Mort~agR tbe Not~e and ~~riag Fbta~e
Advances. if any. had no aoceleration occurred; (b) Borrower curea all breaches of aay othar covenant~ or asnensent~ of BorrowQ ooatained in
thia Mortgage; (c) Borrower pays all reaeouable e:penees incvr~ed by l.a-der in enforcing the ooveaant~ and ~b of 9oaowe~
contained in thia Mortgage and in enforcing Lender's remediee as provided ia patagraph 18 hereof, inclndiat, but not limited W. rea~onabls
attorney's fees; and ld) Borrowu takes such action as I.ender may reasonably requin to asaure W at the lien otthis Mo~tgag~ Lender'~ intRSe~t
in the Property and BorrowEr s obligation to pay the sums secured by this Mortgage shall oontinne nnimpaired. Upo~ wcb payment aad Wre
by Borrowel. this M~rtgage and the obligations eecured hereby shall ranain in full foroe aad dfect as if ew acodaation 6ad aoa~red.
20. AsaiQnment of Rents; Appointmeat of Reoeiver. Aa additional ~rity hereunder. Botrowe~ haeby assi~n~ b Lmder tbe renta
of the Property. pmvided that Borrower ehall, prior to acceleration under paragraph l8 hereof or abaadonmeat of We Propaty, have tbe ~ht
to collect and ntain such rente as they become due and peyable:
Upon soceleration under paragraph 18 hereof or abandonment of the Property, Lender shaU be entitled to have s reoeivec appointed by a
court to e~ter~pon. talce possession of and manage the Property and to ooUect the rcnts of the Property. indnding tbo~ pad doe. All reat~
collected by the reoeiver ahall be applied first to payment of the oosts of management of the Property and eollectioa of natar indodins. bat oot
limited to. teceiver'e fees. praniums on receiver's bonde and reasonable attorney's feee. aad Wea ~o the sum~ ~ec~tsed bp thi~ Martta~e.'lbe
receiver shall be liable to aooount only for those rents actually received. .
21. i~ture Advances. Upon request by Borrower. i.cnde~. at Lender's option within t~venty years Gmm the date of this Mortga6e. maY
make I~ture Advanoes to Borrower. Such Flture Advancee. with in~t thereon, shaU be ~ec,qnd !-Y this blo~tgaSe wha~ rvidenoed bp
promissory ~otes stating that said notes are eecured herebY• At no time shall the principal amonnt of the indebtednas ~cured bY thu
amoant d the
Mortgage. not includingn0u ~ advanced in accordance herewith to pmtecK the securitp of this Mwrt8a8e. ezoeed th' °c~nv
Note plue U.S.i '
22. Release. Upon p~yment of all aums aecured bY d-is Mortgage, Lender ehaU releaee thia Mortgage withoat charge to Ho:row-a-
Borrowrr ahall pay ali costa ot recordation, if any.
23: Attorney's ~eea. Ae used in this Mortgage and in the Note. "attorney's feea ' ehsli include attoraey's feea, if any, whidi maY be
awarded by an appellate court.
[ti WITNESS WHEREUF. Borrower has executed thia Mortgage.
5igned, sealed and delivered
in the preeence of:
~
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. .l/. . . . . . . . . . . ~ : . . . . . .t :':1. . . . . . . . . . f'i!C??~~:ti :/~lf.L-. ~. ~Il.~v: ~.r~.4P. . . . . . . . . . . BSeal)
" ~ ' ~ 1Nitneas Wendel l ,Ray, Thdlfias
t / };\ ., .~ '~, --- , ; , ~~~,.~~ t~~: l~. . . _../r.' ~-t,~.~_ . . . . . . _ . . . (Seal)
~!J~y.1 ~ (. ~,t.1~ ,. .I . . ...1.~~,~1: ~ .~Ci.G.C ' 1Nitness ~Cheryl ~knn Thomas -~.°
STATE OFFIARIDI~ . . . . . . . . St : Luci e . . . . . . . . . . . . . . . . . . . . . . County ss:
I hereby certify that on this day, before rr~e, an officer duly authorized in the atate aforesaid and in the oounty aforesaid to
take acknowledgements, pereonally appeared . . . . . .~I~Jld~l ~ . .Bdy. .Th0U1dS . d~d. _ChECy.l _ Arlq. Sh0111~5, . h1S.1~f7 f.e- -
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - • - - . . . . . . _ . . . . , to me known to be the personls) described in and who ezeruted the
._. •--
foregoing instrumPnt and acknowledged before me that _.._ they ...,..-.., executed the same for the purpoae eresn
expressed. ~ ~' . . . day of
- ...............
WITNESS my hand and official seal in the county and state aforesaid this --•••••-••• -<-
.................•••:~i:~~tf.~~ts:~. ...._.._..--------- .19.~3._~_
ttte o1 F{aidt ~t l~rq!
Not+~- Prbfic,
~1y Commission expires: µ~~s~ Ezpires Nor. 16, 1982 , ~ •,' ~
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-~'~ ~/~ , Iti~ff /frG~u Thn LIqI HPSPII't(I FJf L~ndrr and Rtcv~d~-~
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This Instrument Prepared by_ ~~ J~~w 22 ~, 2~ 53
Thomas Hensen F'~=e °h~ ~~ f~ r~~ ~
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Firet Federal Savings and I.oan p~GER P~~ ~~ 5./~
tLERY. ~iR~:. ~ ~~V
Association of Fort Pierce. Florida :i:3450 , 1_
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