HomeMy WebLinkAbout29831& Aoceler~tlon; Remedie~. B:oept aa provlded la pa~ra~r~pb 17 hereot. upoa 8orrow-e~'~ brewcb ot ~q~r ooveaaot ar
esreemeat ot Borrower la thL Mort~a~e. iacludla~ tbe ooveaaata to pyr w-hoa due ~q~+ wa~~~ea~sed by thL Mo~t~~e. Lender
prior to woosler~tioa ~hwll mall aotios to 8orrower as provlded te~ pars~rapb 14 he~eo[~pecilyrie~: (1) tbe brewcb; (9) the aotioa
re9ulred to cure wch breach: l31 a d~te. aot lew thsa 3Q dqr~ Aom tbe date the aotloe b maUed to 8orrowrer. b7 ~r61~cb wc~
bre~ch must be cured; and (4) that tailure to tie~e ~ucl~ breach oa or be[ore t6e dwte ~peclAed in tlie ootios mqr re~ult ia
aoosleratbn of the sum~ ~ecured by tWa Yort~a~a toreclwure b~- judicld proosedln~ ~ad sale ott6e Propertp. The notioe ~haD
turther inform 8orro~rer o! tlte rl~ht to reieutate aAer ~c~oele~wtlon and t6e ryht to ~wstt in tbe toreclontre prooeediat tLs
norre:lsteace of ~ det~ult or ~a~+ other defease oi 8orrower to acosles~Non u~d ta~eecloatro. I! tbe breac6 b not wred oa or
betore tbe date ~peciAed in We notlce, Lender ae Leader'~ optloa my- decl~re ~11 ot t6e su~ns ~ecnred bp t1~L Mort~a~e to bs
tmmediatel,~- due and payable writbout fl~rther demand aad my- foreclo~e thls Yort~~e bi-judicial prooeedin~. I.ende~ ~hall be
eatitled to oollect tn ~uc6 pro~.~aedta~ all esperue~ otioreclwure, includta~, but not Ilmited to. reasoaable ~ttorne~r'~ tees. aad
costs of docu~aentary ovideaos. ab~tracta and title reporta. -.
19. Borrowrer'~ Iti`ht to Reinatate. Notwitlutanding Lender'~ aooeleretion of the ~um~ ~scured by thir Moryt~e. Borro~r~ ~hall have
the riQht to have aay prooeeding~ begun by I~ender Lo enforce this Mott~a~e diaoontinued at an,y time pe~or to entry of a jud~t enforcin~
thia Mort~eQe iF (a) Horrower paya Leader all ~uma whicb would be ehen due u~nd~ thia Moetta~e, th~ Note ~nd aote~ ~ecuria~ F1~turs
Advenoes. if any~ had no aooeleration oocurred; (b) Bon~ower cure~ a11 breache~ of any oWet ooveaanb or ~netneat~ oiBorrower oo4teined in
thi~ MortQege; (c) Borrower pay~ a11 reaeouable expenses incurred by Leader ia enfo~ the oovenaab and a~e+eemeab of Borrower
oontained in this Mort~aBe and iA enforcing Lender's ranedies as provided in para~raph 18 bereof. indndin~. but not limit«! to. rea~onabls
attosaey's fees: and (d) Bore+ower takes such actioa as Lender may e~eawnably require to easnrs that the lien olthis Mort~a~e. Leader"~ intere~t
in the Propaty and Borrowefs obUgation to pay the sums ~ecured by t}tis Mortga~e shall oontinue unimpaired, Upoa snch psymeat aad core
by Bormwrel. this Mortgage and the obligation~ secured h~eby ahall remein in full foroe and etfect a~ if no soalesatioa had oocnr~+ed.
20. As~I~am~t o! Renta; Appointment of Recetver. As additional security hereunder. Borro~ver h~eby awi~u to I~ader tbe renta
of the Property, provided that Borrowez shall. prior to aooeleration undes paragraph 18 hereof or abandonm~t of the Prope:ty. have the ri~ht
to coUect and retain ~uch rents es t6ey beoome due and payat-le.
Upon aooeleration nndet parag~raph 18 hee~eof or abandonment of the Property. Leader ~hell be entided to have a noeiver appoiated by a
oourt to enterupon. take poaeession of and manage the Propaty aad to ooAect the rents oi the Pe~oparty. inclnding tbws pad due. All reab
oollected by the reoe;ver ~hall be applied Srst to paym~t of the oafa of manaQementof the Property and oollection of reats. iacindio~. bnt not
limited to. reoeiver'~ fees. premiums on reoeiver's bonds and reawaable atbrney's faa, and then to the ~~ ~ecue~ed by thi~ Mo:t~a~e.'1Le
r~ceiver shall be liable to aooount only for tl~ose rents actually reoeived.
21. P1~cure Advaaoe.. Upon reyuesc by Borro.v~, Lender. at Leader'e option within twenty yean [mm the date oithis Mort~a~e. may
make Pbtnre Advanaes to Borrowrr. Such Phture Advanoes. with intenst thaeon. shall be ~ecured bY tbia 1Koet~a~e when evidenoed by
promiasory hotes stating that s8id nOtes are sel.'11Ted henby. At no time ehaU the principal amouat of the indebtednea securad by thi~
Mortgage. not iaduaing sums advanoed in socordanoe herewith to protect the security oi this Mortgage, e:oeed We original amount ot the
Note plw U.S.i IVOne
22. Release. Upon payment of all wms secured by thu Mortgage. I.eader shaU nlease this Mortgege withoat charge to Borrower.
Borrower shall paY e~l oosts of recordation. if any.
23. Attoraey's Fees. Aa used in this Mortgage and in the Note. "attoracy's fees" shall include attomey's fee~, if aay. which mey be
awarded by sn appeuate rnurt.
IN WITNE.'~ WHEREOF. Borrower has executed this Mortgage. \
%
Signed, eealed and delivered -
in the preaence of:
( .
;
.
,. ... . ..... ... .. .. ...... .............(Seal)
~ Vllitnees MI L E r , a e adul t -B ~~
.. .................. ... ..............................................(Seal)
Witness -e«*~~a
St. Lucie
STATE OFFIARID/~ ... ... . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . County sa:
I hereby certify that on this day, before ir.e. an officer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgements, pereonally appeared . . . . .M]GbdEl . E . . Luc,as,. .a. s i ngl e .adul x, . . . . . . . . . . . . .. . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the peraon(s) described in and who ezecuted the
foregoing instrument and acknowledged before me that . . he . . . . . . . . . . . . . . . executed the same for the purpoae therein
expreseed. L/
WITNESS my han~d o : al seal in the county and atate aforeesid thie . . . . . . . . . 7 . . . . . . . . . . . . . . . . . . . . . . day of
, 19.~j./..
- ~ ~ic. St~~Fi~ii t LA~ .
Ny Commisaion e~cpirea. ~~ E~~ ~ ~~~ ~ •
~a`t~~llttltt'1~{~~tk ~~e~ b A.wk,~ ~w a c.a+r c+~~"~ ' ~' .
~~~` ,.~.. .,sj~~ ~., I~,~ .... ...''~i.~ ....-- ----..t/-.'.. ....... . ........... .......
'~ ~ b -Sa--
~~ i.~7~! ~ '~ ; ~ ~ ` ~i~ Notary Po e
~ 'J~~ ~j- s ~ i
~T~fY:: ..~
1T i ' •'- i ~
- .• r. ~ . ~
•'~j ~' /' i ~
~ ~ i ° - - ~ 1 i ~ ~y
• ~
,. ,..
tG' ~•~ '~ 6 ~ 1 ~ ~ ~ ~
l .•' ~ ~r ~~,
~~/~ ~O ' ..~~~~s~ ~. `~
/ ~ ~,~~
!~~'/~ ~ ~ ' J 7 ~O ~ `, +,
This.Ine~'trt~~il~`Prepared by:
Carol Fore
jSpace I3eG~u• Th~s Lint Ras~-otd For I,rndt- and Rn~n-d~rl
515946
1981 FE~ -4 P:~ ~ 37
Firet Federal Savinga and Loan
Asaociation of Fort Pierce, Florida 33450
~
Ftt ~C ~kf ~~ [Or.t~10
5 HOGfR PCITfAS~
CLEF.K CiF.CIfIT C01.Fi ~
FF^'~f'\'i'1; $''~- -
~,^~KJ~7 P1GE~?6'
Rll
~ ~
~ `~~" ~~~ ~:.~.~ ~ . . ~;
- _ : ~~; _ ~
_ s~ -.