HomeMy WebLinkAbout004218. Aocelerstloa; Rewediea. E=oept w pcovided !a p~rw~r~ph 17 hereot. upoa Borrowet's brewcb ot aq~r ooveaant or
a~reemeat o! Bosrower iq tbL Mort~ey~e. includin~ the oove~~a to pq- w-ben due ~ wm. ~eaund by cl~i. Mort~~e. Lepder
prio~ to aooeleratloa ~hall mail aotioo to Borrower eu provtded !p pwrasraph 14 hereotspecityia~: (1) tbe brea~ch; (Z) tl~e ~ctloq
requlred to cure ruch breacb: (3) s date. uot lew than 30 dgy~ [lrom tl~e date the aotloe b mailed to Borrower. b7 whicb such
bre+~ch must be cured; aad (4) that failure to cure ~uch bre~ch oa or before the d~-te ~peciAed ia t6e nodoe myr rewlt in
aooeleratbA ot tl~e ~uau ~ecured by thL Mort.~a`e, foreclo~ure by judictal prooeedins aad aate of the Propert~. Tbs aotios ~hwU
fl~rther inior~a Borrower ot the rl~ht to reiiutete wtter aoosleration ~d the ri~6t to wert ia the toreciorore procesdia~ the
non-esLteaoe ot a detwlt or sqy other defezue ot 9orrower to aoceler~tion and ioreclowsa Ii the bee~ch b not a~sed oa or
before the date speciAed in We notlce, Lender at Lender'~ optiou mru- declare all oi t6e ~um~ ~ecuced bp t6L Mort~~e to be
immedlwtel~- due abd pa,y~We wlthout further deweu~d and may foreclose t6L Mortsa~e by jndklal proosedip~. I,eader ~h~ll be
entitled to oollect ia ~uch prooeedin~ all espea~e~ o[ toreclwure, includln~, but not 1Ldte.d to. teawnable attoraey'~ [ee~. and
coeta of documeatary evideaoe, ab~tracta and title e~eporta.
19. 8orrowrer'~ Ai~bt to Reiaetate. Notwithstanding Lender's aooelaretion oiWe suau ~ecured b~r tluw Mottsa~s, Bo~ower shallluve
~e rigat w have any pmoeeding~ begun Dy Leader to eaforoe this M~fgage diacontiaued at aa,y tims prio~ to ~try of a jndgment eafor~ia~
this Moctgage iF (a) Bor~ower pays Lender all sum~ w~hich wrould be then due w~der thi~ Mort~a~e, ti~e Note aad notes ~scuring P~turs
Advanoe~, if any~ had no aacderatioa oocurred; (b) Borrower cura a!~ bnaches of aay other ooveaant~ or e~reem~b of Borirower contaiaed in
this Mortgage; (c) Bormwer pays sU teasonable expenses incurred by Lender in enfot~cin~ We oov~aab and agreementa of Botrower
oontained in this Mortgage and in enforcing Lender's remedies as pmvided in paragraph 18 hereof. iaclnding, bnt aot limited to. rea~onabls
attomey's fees; and (d) Borrower takes such action as I.ender may reasonably nquire b as~ure that the liea of thi~ Mortgage. Lend~'~ interest
in the Prope~ty and Borrower's obligation to pay the suma secured by thia Mortgage shall ooatiaue unimpeired. Upon ~uch paymeat and cnre
by Borrow~er, this Mortgage sad the obligations secvred henby shall remain in tutl foroe and dfect as i! no aooeleration had oocurred.
Z0. As~isnmeat of Renta; Appolntment of Aeoeiver. Aa additional security hereunder. Borrower 6ereby pai~u b I.eader We rent~
ot the Property. provided that Borrower ahall. prior to aooelezation under paragraph 18 hereof os ebandonment of the P[ope:ty.have We right
to coUect and e~etsin such nnts as they become due and payable.
Upon aoceleration under parngraph 18 hereof or abandonmeat of the Property. Lender shall be eatitled to have a reoeiver appoiated by a
cvurt to eate~r~pon, take possession of and manage tht Property and to oollect the nnte of the Property. iacluding Wwe past due. AU rents
oollected by the receiver shall be app4ed first eo payment of the ooets of management of the Property aad oollection of renta. iacludin~~ bnt aoR
limited to, receiver's fees, premiums on receiver's boads and reasonable attorney's fee~. and thea to the suau ~scured by thi~ Mortga~e.'1Le
reoeiver shall be liable to acoount only for those rents actually nceived.
21. PY~ture Advances. Upon requeat by I3orrower. Lender, at Lencier's option witi-in tweaiy years imm tne iia:~ uf i.`iia ntortgage, may
make Futun Advanoes to Eiorro~rer. 3uch Phture Advanoes, with intereet thereon, shall be ~ecund by thia Mortgage wh~ evidenoed by
pmmissory notes stating that said notes an secured henby. At no time shaD the principal amount of the indebtedrie~s secured by this
Mortgage, not incl~ing sums advanced in aocordance herewith to protect the secnrity of this Mortgage. exoeed the osiginal amount of the
Note plus U.S.i none
22 Reteaee. Upon payment of all auma secured by this Mortgage. Lender shall release this Mortgage without charge to Borrowa.
E3orrower ahall pay all costa of recordation, if any.
23. Attorney's Rees. Aa used in this Mortgage and in the Note, "attorney'a feee" ahall include attorney's fees. if any, which may be
awat~ded by an appellete court.
IN WlTNE.SS WHEREOF. Borrower has executed thie Mortgage.
Signed. aealed and delivered
in the preeence of:
. l~ . . . . . . IC.I ., . . . . . . . . . . .
. .~ ....
Witness
............... ........ ~...... ....... ...
~ Witness
. "~`.~!~ . . . . . . . . . . . . . . . . . . . . (Seal)
c rd S. Bro II -~. "-
`_ /' ~ , ;tt.~!:"!`~J..... Seal
. .~~ ( )
~G~~~'L~X~ - . . . . , .
Pamel a A. Brown -`{°R""R
STA'1'EOFF~WRID/~......st. LuCie.......~ .................... Countyss:
• I hereby certify that un this day, before rr~e, an officer duly authorized in the atate aforesaid and in the county aforesaid to
take acknowledgementa, peraonally appeared R1C1tdP.d . S. . Br.own,..I I., .and. P.amela. A...BroWn, . his. ~i f~,.....
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . to me known to be the peraon(s) described in and who executed the
foregoing inatrument and acknowledged before me that _...... th~y. ..._... executed the same for the purpose therein
expreased.
WITNESS my hand an ffici seal in the county and atate afGoresaid this . . . .. . . . . ..1,.~ . . : . . . . . . . . . . . . . . day of
. . . . . . . . . . . . . . . . . . . . . . . . . . .~'.~. -~rl~~.lr44~~ . _ . _ . . . . . . . , 19 . Q . r .
r 1~
Ny Commiasion ezpires:~~ ~• ~ d 1~, ~1 • ,
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This rnetrument Prepared by:
Mary Platt
11'~
~tipacr fteb.u Th~~ L~nr Rrsvrred Fi~r /.endrr und Rtcvrdt-I
Firat Federal Savings and Loan
Aasociation of Fort Pierce, Florida :~.3450
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Notary {'uWic
Si'7608
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