HomeMy WebLinkAbout238518. Aooeleratba; Remedle~. B:ospt a~ owvided io pan~raph 1T bereo[. upoo Borro~ru'~ bre~cb ot aq~ cov~a~at ar
aQreeo~eat of Borrower in tl~s Mo~.~a incl~dtos tbs ooveaauta ~o p~,~r w-haa dw aeq w~ ~eonred b~- cb1. Yort~~, I.eoder
prior to wooeleration ~6a1! mail aotios to Borrowec as pwvided ia psrasr~~i 14 6ereotAeeilyrLK: ll) t6e brewc6; (9) tbe a~tioa
roquired to cure wch brewch: (3) w dat0. aot lea thwn 30 dy-s l1~+0~ tbe date t6e uotio~ i~ ~alled to 8orwwrer. bp ~-kk6 wub
brewch mwt bs cured; aad (4) tbat faLure to c~re wcL bre~ch oa or be[ore tbe dat~ ~peciAed is tbe aotios W eaalt in
aooeleraUoa ot tbe suau ~ecured by this Yo~aYa [oe~edoa~ro 6~r jrdield pe~oosedlos ~sd ~ale ottbe Pro~fjr. T6e uotioe ~6aU
furt6e~ iniora~ Borrowee of the risht b relnMee aAee aooelerwtioa aod t6e rl~t to a~rt la tbe toreclow~rs pcooeedln~ t6s
noa-e:istence o! w detwlt oe ~q~r other deten~e ot Bore~owrer W aoosleratba asd foredowr+. It tbe bre~eb ls aot c~red o0 ot
before the date ~peciAed Ia tbe aotioe. i.a~der d Leddec'~ optloa ~a,~- declare wU ot tbe wu~ ~eeYred bq thL Yortta~e to be
immediate~ due aad pa,raWe without li~rtl~erde~aaad aad !q toreclo~e this Yost~~ b~ jndkial prooeedia~.I.ender ~hall be
entiUed to oollect in wch pe~ooeedint all espee~es ottoreclowre. iaclndins, bnt not llsited to. sea~oawble attorne~r'~ fee~. ~ad
coeta of documentar~- evideace, wbstrscfa snd tltk reports.
19. Borrow~'~ Ritbt to Relnstate. Noiwitlue~ndin~ Leoder's aooek~atioa oithe wm~ ~ecared b7- tLi~ ~. Borio~re~ shall have
the right to have aaY Prooeedia~s bc~up by I~euder to entaroe this Mort~a~te di~oontinoed at any time p~io~ to eatry oi a jnd~meat eafadn~
this Mort~age iF (e) Borrower p~y~ I.ende~ eU sum~ which would be tl~en doe unde: ehis Mart~ase, tbs Note and twtas ~ecurin~ Fhhue
Advanca, if any, had po aoceleration occurred; lb) Borrower cure~ all be+eache~ of aay other oovaunb or aseeemeab oiBoreower ooat~ined ia
thiu MortBaQe: (c) Borrowr~ psy~ aU reasouable apen~e~ incurred bp I.ender in enforcin~ t~e oo~vr~anb and asreanent~ ot Bo~row~
contained in thi~ Mort~age and in enfoer.ia~ La~d~'a reasedies a~ povided in panRaph 18 M:eoi. indudiei. bnt aot limited to. re~onabls
attorney's fee~: aad (d) Borrower takes s~ch a~tion as Leade~ may rai~onwbhr reqaire to a~sne~e that the lien dthi~ Moet~a~e. I.~'~ intee~at
in the Prop~rt,y and Borrower'~ obligatioa to p~y We snms ~ecured b~r this blo:t~a~e a6all ooatinue nnimpaired. Upon ~od~ ~aymeut and a~re
by Boreower. this Mottga~e and tbe obligations ~ecured harby ~haU e~e~nain w tnll foroe and dfect a~ it no aooe3eration had ooenaed.
20. A~isament oi Rents; Appolnta~eat at Reoeiver. A~ additioaa! security hete~nder. Bo~rower haeb~- a~n~ b I.ende~ the renta
of the ProprttY. p[ovided that Bo~rowe~ shall. prior W aeoderatioa uader parasrap618 6ereof u~ ab~ndom~t ~tbe Pe~ope~ty. have the risbt
to collect and ntain sndi rents as they beeame d~e aad payabk.
Upon acoderstan under paragraph 18 hereof or abandonment of the Propaty. Leader ~haU be entieled to have a raoe~ver appoiated by a
court to eater~upoa. take powe~io4 of and maaa~e the Property and to oollect t6e rent~ of tbe Pe~operty. indudin~ tha~e pe~t dne. All reab
cotlected by the reoeiver ~hell be applied 5rst to p:ymeat oithe oo~b oEmaaa~ementof the Propaty aad oolketioo oirenb. indodias. bnt nd
limited to. reoeiver's fees. p~emiums on noeiver's bonds and e~wooabk attoc~ey'~ fee~. and t6m ~o the ~ums ~ecueed by thi~ Macfsase. Tbe
recdver shall be liable to aooouat only fo~ tha~e ra~ts wctaally teodved_
21. I~tture Advanc~. Upon r'e9ueat bY Borrower. I.enda. at Lendel~ option withia twentp Yars fzom We date of this MortSa~e. me-Y
mate P~tun Advanoe~ to Borrower. Such ~mre Advanaes..ritb ini~e~t tDaeon. ~hall be ~ecared by this Ma~tis~e wha~ evidenoed bY
promiesory not~ stating thet said not~es are iecured herebY. At ao time shall the prioeiPd amo~nt of tbe indebRedner ~ecured bp thi~
Mortgage, aot includ'u_~ snau advanoed in aoca~danee herewit~ to proteet t6c ~ecurity of this MatBag~ uoeed tl~e ari~inal amount d tbe
Note plu~ U.S.i ~ISItlP ~
22 Relea.e. UPon p.ymeuc d aU sums .ecured by thi. Mortgase. La~der shall relea.e thi. Morsgage widwut diarge ~o Bo,r~rowe~.
E3orrower ahaU pay all cas4 of reoordation, if any.
23 Attorney's Fees. Aa osed in this Mortgage and in the Note. "attoraey's f~es" shall inclade attorney i fee~. if any. ~-hich me-y b~
awatded by an appolate court. .
I~ W~TNESS WHErtEOF. Borrower has executed this Mortgage.
Signed, eealed and delivered
in the presence of:
... ... . . . ~ ...~:. -G~~ ~._.
. . . . ~' W itness
. . ~ . . . . . . . . . . .~ . . . . ....r...,~c-~-~!~-. . . .
~ '~tness
~, w~
~.1~~ ~ .. .................(Seal)
" ~ Il~ 'L . ' L EYY~~ ~ -~.,~.Q
G~:~~~~GL1.' :'~. . . . . . . - - • - - . . . . (Seal)
THLEEN LED6 R -e~ -
STA7'EOFFIARID/~....,St. _Lucie ............................ County ss:
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the oounty aforesaid to
taice acknowledgementa, personally appeared .. B1 ~ ~Y. ~ ~. 4e~.~tter_ .and . Kathle~n . l.ev.-.?tter.> . h.is. wi f~.. ..
- . - • • - - • - • - - - - - • - • - - . . . . . . . . . - - • . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) desrribed in and who ezecuted the
foregoing instruroent and acknowledged before me that .~~!~y . ............. ezecuted the same fo~he purpose therein
expreeaed. --'
W ITNESS my hand and official seal in the oounty and atate aforesaid this . . . - • - • • • - - - • • • - - • - - - - • • • - - - • • • • • day of
................... .. . . ._........-•---- . 19_Is. /
w~ ~a a1 La -r
~ty Commiesion ezpires: ~ E,~ Ns. lt. 19'I ~ ~
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This Inatri~ment Pr~Fared bY= FREC tN[ ~:"CC~^E:
Thomas H. Henson
First Federal Savings and Loan
Aesociation of Fort Pierce. Florida :~34c~0
St 1 U::~F CCUV ~ Y.fi ~.
FirGEF r tl1iR/:S
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515609
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6~'~:K 347 P~~E 2379
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