HomeMy WebLinkAbout151218. Aoceler~tio~; Remedte~. E~oept ~a provided In pu~~raph 17 bereof~ npon 8orcower'~ breacb o! aa~- oovanaat oe
a~reemeat o[ Borrower ia thb ~1ort~y~e, lacludia~ ~he oovenena ~o py- Mhea ~e.n~- ~um..eanred by chi. Yort~a~s. Leadee
prlor to ~a~eler~tloa ~lu~ll mdl aotioe to Borrower ~ provided in pu~raph 14 h~reotspecityin~s tl) the breacb; (7i) the ~ction
requtred to cure wch breach: (3) a date. aot le~s thi-n 30 dw~ tk~om tl~e date the aotke i~ maUed ~o Horrowrer. b7 which wch
breach mu~ be cured; ~nd (4) that iwilure to cure such breach oa or before t1~e date speciAed la the notios a~pr realt ia
acoeler~tioA ot tbe ~um~ ~ecured by thi~ ![ort~~e. toreclwure by judlctal proosedley ~nd sale oithe Properqr. T6e uotioe ~haU
turther inform Borro~rer of the ri~ht to rettutate aRer soosleratioa aad the rl~ht to wsrt in t6e foreclo~are prooeedins the
noa-e:Lteaoe oi ~ detault or wa~- other detease of 8orrowee to ~oceleratlon and foeeclo~ure. It the bre~ch b aot cured on or
betore We dwte ~pedfial in the aotice. Leadee at Leader'~ optioa mt,~- decl~re sll of t6e wm~ ~ecared b~r thL Yort~a~e to bs
i mmedistely due and pqreble without f~rther dem~nd and mqr forecloso thi~ Yoe~ts~e b~- jadlcisl prooeedia~. Leader ~hap bs
entltled to oollect iu ~uch prooeediti~ sll espen~e~ o[foreclwure, includin~. but not limited to, rea~oaable attorne~r'~ fee~. and
coat~ oi docu~aeatar~- evideaoe, abstracta aad title report~. -
19. Horrow-es'~ Ri~ht to Relrutwte. Notaitlutanding Lender'~ aeoel~ation of the ~ums ~scured by thi~ Mortp~s. Horro~ ~hall have
the right to have anY Prooeedings bcBan by Lende~ b eaforoe this Mortgage di~ooatinued at any tims pcio~ to eatry oi a jud~meat eaforr~n~
thia Mortgage if: (a) Borrower paya Lender aA ~uau Mrbich would bs thea due uader thi~ Mwt~a~e. the Note aad aota ~scnring l~tnre
Advaaaa. if say, had ao acceleratioa oocurred; (b) Borrower care~ all bnaches of aay other aoven~nt+r or ~h of Bocrow~ ooatained in
thie Mortgage: (c) Borrower paya aU reswuable ~pensee incnreed by I.ender ia ~forcin~ tbe oovenant~ and ase~eein~ta of Borrower
contained ia this Mortgage and in enfon~iag Leader'a remedies as provided in para~raph 18 hereof. inclnding, but aot limited to. re~oaabls
attorney's fees; and (d) Boirower takes such acfion as Leader may reasoaably require to assurs that tbe liea of thi~ Ma~t~a~a. Lei-der'~ intere~t
in the Pmperty and Borro~ver's obligatioa to psy the sums secured by Wis Mortgage shaU coatinue unimpaired. Upoa such paymeat aad core
by Bo~rrower. this M~tgage and the obligations secured hereby shall ranain in fuU force and effect es if no aooeleratioa hs~d oocu~red.
20. Asaip~meat of Rents; Appointmeat of Reoeiver. Aa additional security hereunder, Borrower heceby s~si~u to IAOder tbe rea4
of the Property. provided that Borrower ahall. prior to aooel~ation under paragsaph l8 hereof or abandonment of We Prope~ty. 6ave the ri~ht
to collect and retain snch renta as they be~ome due sad payaWe.
Upon acoeleration nnd~ paragiraph 18 h~reof ~ abandonment of the Propecty. Lender shall be entided to have a reoeiver appointed by a
COUTt ~O llltlTLpOQ. take possesaioa of aad manaQe the Prop~ty and to collect the reats of the Property. inclndin~ thwe put dne. All reat~
coUected by the reoeiver shall be applied 5nt to psya~ent of the oosts of management of the Property and oollectio~ of re~t~„ inclndins. bnt nd
limited b. rece;va's fee~, premi~ms on reoeiver'e bondi and reawnable attorney's fee~. and th~ b the ~nms secnrsd by this Mort~~e.'1'!~e
receiver shall be Uabk to aooount only for those renta actually reoeived.
21. Flutare Advance~. Upon reque~t by Bormwer. I.end~r. at I.endef s option within twenty Years from the de-te of thi~ Mo~a~e. d~aY •.
makc I~tun Advanas to Borrower. 3uch Fhtnre Advan«a. with interest thereon. ahall be ~ecund bY thi~ MortBaSe ahen evidenoed by
pmmissory noces staang thac said notes are secured henbr. At no time shall the p:incipal amount of the indebtednen secured by this
Mortgage. not inclnc~g_seums advaaoed in aocordence herewith to protect the securit7- of this Mortgage. e~cceed the ~iginal amoont ot the
Note plw U.3.~ non . '
22 Releaae. Upon paymmt of sU sums secnred by thia Mortgage. Lender shall release this Mortgage withont charge b Borru~-er•
Bo~rower sh~1l pay a~- cos~a ot reooraaaon, if any. '
23. Attorney's Fees. As used in thia Mortgage and in the Note, "attorney's feea ' shall include attorney i fees, ii aay. which maY be
awarded by an appellate coud. •
,
IN WITNES3 WHEREOF. Borrower hae executed tliie Mortgage.
Signed, eealed and delivered
in the preeence of:
- , /~ .
. . . ' ' .~ti: ~~ . .~c.~~. . . . . .~ . . . .
~ ~1Nitness
~.~~~~~ ~~ ~~~~
.............................................11Vitness
, ~ , ' .. ...... . (Seal)
~RpY~ ~L. S~IVEY, Jr. -~-a
.i...~l-k..t`t-c~.~J a . . ~-~-4~ . . . . . . . . . . . . . . cseal~
THERESA SPIVEY -eoro"` -
STATE ORFLOAID~ . . . . ~t. - ~-~lCl e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . County ss:
I hereby certify that on tkia day, before ir,e, an officer duly suthorized in the state aforesaid and in the county aforesaid to
take acknowledgements, pereonally appeared . . .Ray,mon .I,,, ~pi~ey, Jr,,, . and, Theresa . Spi vey,,. ,hi s . wi fe .. , , . ,
, , , , , . . . . . . . . . . . . . to me known to be the person(s) described in and who ezecuted the
foregoing inatrument and acknowledged before me that , they ,,,,,,,,,,,,, e:ecuted the eame for the purpose therein
expressed. ~
WITNESS ray hand and official seal in the oounty and state aforesaid thia . . . . . . . . . 0.7.7 . . . . . . . . . . . . .. . . . day of
. . . . . . . . . . . . . . . . . . . . . . . . .~,~t.l~fl~lr . . . . _ . . . . . . . . , 19 ~~ .. . .
. , y~ ~IYi~ ~t 1+~
~iy Comm~ssion expires:~~ ~'~ ~~ ~. ~ ~ /
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~`. , =4i ^ ISpacr B~lou• Thu Ltn~ R~sv~e~d For Ltndtr and Rtrnrde~/
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This Iriatrurinent Yrepared by: S t. l I;CIE COUH t Y. Ft A.
Thomas H. Henson
Firet Federal3avings and Loan
Aaeociation of Fort Pierce, Florida :3~3450
~~
g~x 347 PAGE1509
P.OGER PpITRAS ^
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