HomeMy WebLinkAbout297918. Aoceler~tba; Ramedles. E:ospt u provided ip par~r~ph 17 hereot. upon Borrow-er'~ breach ot an~- covenant o~
a~reemeat ot Boreower ta tl~L Mort~~s, iacludla~ the ooveasnta to pqr whea du~ an,~- w~w Noured b~- thls Mort~a~~. Lee~dee
prior to ~ooeleratioa ~hwll mslt aotios to 9orrowe~ ~u psovided ia pu~eaph 14 her+oi~p~dtyiu~ ll) tl~e bsewc6t (1) tl~e ~dbn
requle+sd to ~ve~e ~uch breacb: l3) w d~te. aot leM tb~n SO dp-~ A~om the date the aotloe b malled io Borrowres. b7- w-hich nu~
bre~cb mwt be cured; ae~d (4) tlu~t lallure to cure wch bre~ch on or befon t!N dat~ ~osdtled ia tbe aotios ma~- rewlt in
woosler~tba ot tbe ~uaa~ ~cured b~r tbia Mort~~e, toreclowre by /udiciaf prooeedin~ ~od ~ale o[the Propeety. T6e aotios ~hall
fl~riher inform 8orrowre~ of the rl~ht to reia~tate aAer aoosleratloa ~ad tbe ris6t b wsrt in t6e torectoazr~ prooesdln~ the
noa-a~teaoe ot ~ defwlt or aq~- otl~er defease o! Borrowrer to saceler~tion aad [oeeclown. It tbe bre~ch b not c~ved oa or
before the date ~pecified !n We aotios. i.ender at Leader's optioa may declare all ot We sum~ ~eeured b~- tbL llort~ase to bs
immedi~te(p due snd p~wble writhout tWrther dem~ad aad mepr toreclose this Yort~~e b~r ludki~l proosedins. Lender ~1ud1 bs
entitled to oollect in ~uch prooeedln~ all esperue~ ot [oreclosure. ta~ludia~. bat aot lfmif~ed to. reawaable atbrne~-'s [ee~, and
costa of documeatary evidenoe, abstracta aad title reporta.
18. Horrorver•s Ri~bt to Retiutate. Notwri Wstanding Leader'~ aooeleratioa of the ~um~ ~scured by thi~ Mort~a~s. Borrower ~h~p have
the riQht to havs aaY Prooeedin~s beQun bY L~der ta eatacs t}w Mart~a~e diaooatiaued at ~ay time prioc to eatqr of a jud~m~t eaf~
thu Morf~aQe i~ A) Borrower psys Leader aU suau which wrould be then due uAder thi~ Mart~a~s. t6e NM~e ~nd noLe~ ~ecurin~ Pbture
Advanoes, if any, hsd no acceleration occurred; (b) Borrower curw all breache~ of any other ooveaant~ or ~t~ oi Borw~rer oontaiaed ia
thu- Mortgage; (c) Borrower psy~ atl reasoi~able espense~ incarred by Lender in ~fo~ the ooveaae4 and a~reemeab oi Borrawer
ooatait~ed ia this Mortgage and in enforcin` I.ender's i+emedies ~ provided ia pars~raph 18 hereof, indndia~, bat not limited to. raawnabls
att~ey's fea: and (d) Borrower takes such actioa as [.eader may reasoaably raquira to aanre that the liea of thi~ MortQaa~s„ I.ender'~ interat
in the Property and Bore+o~rer'~ obli~ation to pay the ~um~ ~ecured by this Mort~a~e shall aontin~ unimpaired. Upon ~uch paymeat aad cars
by BorroMrer. Wis Mortgage and the obligationi secured hereby shali remain ia full foros aad effed as if no aooeleratioa had ooc~in~ed.
20. Aui~ameat of Rents; Appoiatment oi Reoeiver. A~ additional ~ecurity hereur-der. Borrower hereby a~nr to I.eadar tbe reata
of the Property. provided that Borro.ver ~hall. prior b aooeleration under pera~raph 18 hersof or abaadonmeat of ehe Property. have tbe risht
to coUect snd retain such r~ts eu Wey beoome due and payable. ~
Upon aooeleration nnd~ paraQraph 18 hereof ~ abandonmeat of We Property. Lender shsll bs eatided to have a reo~ver appoiated by a
oourt to enter~pon. take poae~aon of and manage the Propetty end to ooUect We r~t~ oi the Propecty. iacludia~ tbo~s pwt due. All reata
coUected by the reoriver ~hall be applied Sret to payment of the ao~ta of managemeut of the Property end oollectia~ of reata, inclndin~, bnt nd
limieed to, reoeiver i fees. premiums on reoeiver's bonds and reawnable attorne~~ fees. and then to the ~na4s ~ecnred by thi~ Mo~a~e.1Le
reoeiver shall be liable to aoouuat only for tho~e renb adualiy reoeived.
21. PLtnre Advsnce~. Upoa requesc by BoROwer. Lenda. et Leade~s option within tMreuty years fmaa We dete of thi~ Mort~+~ge. maY
make Phturs Advanoe~ to Borrow~er_ 3ach I~ture Advanaes. with iatere~t the~oa. ~hall be ~ecund by thi~ 11~ortia~e Mrhea evidenosd by
pmmiswry note~ ~lating that ~aid note~ an ~ecured heTeby. At no time shall We piindpal amount of the indeMednen ~ecueed by thi~
Mortgage. not inclu ~' sums advanoad in aooosdanae hereaith to prMect the sec~rit3- oi ehis Mortga~e, ezceed the oriQinal emount ot the
Note plw U.S.~ ivie ~
22. Releaae. Upon payment ot all sums secured by thi~ Mortgagc, I.ender shaU releaie this Mortgage ~rithout charge to Borwwer.
Borrower shall pay all coeta of reoordation, if any.
23. Attorney's Fee~. Aa used in thia Mortgage and in the Note. "attorney's feee ' shall iaclude attorney's fea. if any. which may be
awardod by an appellate coutt.
Ih WITNBSS WHEREOF. Borrower has ezecuted this Mortgage.
Signed, eealed and delivered
in tl~e presence of:
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~ RICHARD E~. ~McKEE, a single adult~ -e~ ~.
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STKfE OFFLORIDA .. . . . . St.. ~..UC~~ . . . . . . . . . . . . . . . . . . . . . . . . . . COllflty S8:
I hereby certify that on this day, before ~r,e. an officer dul suthorized in the state aforeesid and in the oounty aforesaid to
take acknowledgemente, personally appeared . . .Rl Ch~l"d. ~, . M~~C.e.~~. .~: .~j ~9~ .e. . ~dul t, . . . . . : . . . . . . . . . . . . . . . . . . . .. .
- • • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who Pacecnted the
foregoing inatrument and acknowledged before me that ._... hE. .....~. ..._. executed the same for the purpose therein
expreased. ~
WITNESS my h ~ an fficial seal in the county and atate aforeaaid this . . .... .. ..a~ .. .. . . . . . .. ... ... .. . . day of
......................~ .~4~y.....................,9.~.,.
\rty Commisaion expires: A~te~1f ~~tat• c.! P-.-ds at ~i~~ `
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Thie•ifrfblq{~w-t~l~tepared by:
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Mary Platt
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Bpac~ Fklou• Th~s L~na R~srr~~rd For Lrndn and Rec+ordtrl
19~ FEB -4 P~ ~ 37
First Federal Savings and Loan
Aaeociation of Fort Pierce, Florida :~.'i450
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