HomeMy WebLinkAbout03641& Acceleratfva; Aemedie~. C~ccept aa provided ia pprs~sph 1? hereof. upon Borrower'~ breach ot aqp oovenaat or
a~reement of Borrower ia thL ~lort~ey~e, includtn~ ~he ooveaana ~o ~- when due uq- wm~ ~ec~red by ~hi~ 1~(o~,sa I.endee
prior to aooeterstioa shall mail aotioo to Borrower eu pmvided in para~rap614 hereot~pecllyit~~: (1) the breacl~; (9) the ~ctioa
required to cure such breach; (3) a date, aot le~a thu~ 3p d,y~ tlrom the date the aotke b malled to Sorro~rer, btr wrhicb ~uch
brepch must be cured; and (4) that faiture w cure such breac6 on or before the date ~peciAed in tbe aotloe my- resuit ia
acoeleratioa oi the sums secured by thL Mort~age. foreclwure by judicid prooeedit~ aad ~ale oithe Property. The aotice ~ball
fWrther tnfor~a Borrower of tba risht to reiastate atter aooeleratloa aad the ri~ht to as~ert in the [oreclwure pra~sedlns the
aon-eslsteAOe ot a default or any other defense oi Borrower to socelerattoa sad tateclo~w e. If the brewc.h i~ ~ot cured on or
~C~OI'~ ~be dSL@ ~P~{,jR~ ~p u1e ~10t~C@~ i.ender at Leader'~ optioa mep- declare all of tHe sums secured by thb Mortta~e to be
immediately due aad p~yable without t~urthes demand and msy foreclwe thi~ Mort~ase b~- judicial prooeedin~. Leader ~hall be
eatitled to cotlect ia such proceedin~ all e:pease~ of ioreclosure, includiA~, bnt not limlted to. rea~onable attoraey'a fee~. and
costs ot documeatary evidebce, ebstracta and title reports.
19. Borrower's R1sht to Reiastwte, Notwithstanding I.ender'~ aoceleration of the sum~ ~ecured by thi~ Mort~s~e, Borm~rer shaU heve
the right to have any pmceedings begua by Lendar to enforoe this Mortgage diecontinued at any time
this Mortgage if; (a) Borrower pays Lender all eums which wo~ld be then due uader this M ~~ ~~~ of s judQaaent enforcing
ort~aQe, the Note and aoter ~ecuring I~ture
Advances, if any, had no accelerntion oecurred; (b) Borrower cune all bnaches of any other eoveaanta or egreements of Borrowe~ oontained in
this Mortgage; (c) Borrower pe~ys all reasonable e:pensee irrcurred by Lender in eaforcing the oovenant~ and aQreementa oi Borrower
oontained in this Mottgage and in enforcing I.ender's remediea as pmvided in paragraph 18 hereof. including. bnt not limited to. rea,wnabls
attorney's fees; and (d) Borrower takea auch artion as I.ender may reawnably rcquire b assure that the lien oithis Mortgage. Lender'~ iaterest
in the Property and Borrower's obligatio~ to pay the sume eecured by this Mortgage shall oontinue unimpaind. Upon such paymeat ead cure
by Borrower. this Mortgage and the obligations secured hereby ahall nmain in tuU foroe and effect as if no aooeleration had oocurred.
20. Assigament of Renta; Appointment of Reoelver. As additional security hereunder. Borrower hereby aesiga~ fo L~der the rer~ts
of the Property. pmvided that Borrower ahell, prior to aoceleration under paragraph 18 hereof or abandoament of the Property. heve the right
to collect and retain auch renta as they become due and payable.
Upon acceleration under paragraph 18 hereof or ebandonment of the Property. Lender shall be entided to have a reoeiver appointed by a
court to enter.~pon, take poseeaeion of and manage the Property and to collect the rente of the Property, including those past due. All nnts
collected by the receiver ehsll be appUed first to payment of the ooets of inenagement of the Property and ooUection oirenta, includiag, bnt not
limited to. receiver's fees, premiuma on receiver's bonda and reasonable attomey's fces. and then to the ~ums secured by this Mortgage.'1T~e
receiver ehall be liable to acaount only for thoee rents actually received.
21. I~ture Advances. Upon request by Botrower, Lender, at Lender'a option within twenty years from the date of this Mortgege, may
malce Future Advances to Borrowrr. Such ~tun Advanoee. with inter~t thereon, shall be secured by ~!-is MortBage when evidenoed by
promisaory notes etating that eaid notes an eecured her+eby. At no time ahall the principal amount of tbe indebtednas secared by thia
Mortgage, not including ewns advanoed in accordance herewith to pmte~.t the eecurity of this Mortgage. e:ceed thu original amount of the
Note plus U.S.= Nn^+~ _
22 Release. Upoa payment of all eume eecured by this Mortgage, [.ender ahall release thia Mortgage without charge to Borrowrer.
Borrow~ ahall pay all coste of recordation, if any.
23. Attorney's Feea. As uaed in thie Mortgage and in the Note, "attorney'a feeei ' ahall include attorney'e fces, if any. which may be
awarded by an appellate court_
IN WITNES.S WHERF.UF. Borrower has executed this Mortgage.
Signed. aealed and delivered
in the preaence of:
/ ~' , ~~. ~...~... ....•..........
. . . . . ~t~f~~ . rt,,J. : . . . . . . . . . . . . . . . . (Seal)
Witness L S A. CAPOZ LI - -~-R
` .~L~., - ' ~-u~~ (._ ~.- ~ (~~)
---?~~! . . . . ... ... .. ... . . . . ... .~.~. . ..........
Witneas pEgp(~AH A. CAPOZZO~ -~°'~
STATE OFFLORID/~ , , , , , , . .St. • -LUC1E , , County ss:
I hereby certity that on this day, before ~r~e, an officer duly authorized in the state aforesaid and in the oounty aforesaid to
take acknowledeemente, peraonally appeared .. . . . .4OU~$. A, ..C~POZZOLI. .and. AE6QRAH . A, . ~APOZZ~LI.,. .bi.s. . . . .
. . . . . . . . . . . .. . . . . . . . . . . Wa f~a ~. • - • . . . . . . . . . . . . . . . . . . to me known to be the person(s). deacribed in and who ezec~ted the
foregoing instrument and acknowledged before me that ...ttl@y. ....._..... executed the same for the purpqse therein
expressed- • . ~ ~ ~~
WITNESS m hand an ffici seal in the county and atate aforesaid this . .. . . . .... . . . . . . . .. . .. . . . . . . . . . . . day of
Y
..........• ............... ... . SLZ[.~............ ,19._.~ /. ,
/
1~1y Commiasion expires: ~~' ~. S~ ~ ~~ ~ ~ . ~
~~ti~i~1e~ M~ Gwss'°' E~ lio.. 16, f982 / , ~; ":
~~ti1~~~~ k~'.,~ bl~a y ~.~1w M~ Vr twprs G/ ~ /`
~a , ~ ~•.~., _ q ... .-~~: ••~_'/'--..~`---~.... ..v ................ .......
•~,.J~f~_.;;........,. ~,J •; '~_rL-~/- NU1Ary PuWIC
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- :-, ~~ lSpace I~lou~ Thi~ /.~nt Rtsrrrtd for l.~ndtr and Rtcordtr~ ~
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This Inatttiment Prepared by:
S te ve Day
Firat Federal Savings and Loan
Association of Fort Pierce, Florida :33450
Ft~~~ CNi "C..I :
5% l'•'~(( (CiUV"t.i(~n.
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CtEtR C:^: s.'~. ..":~ ~'
51'~'~'89
e,~ox 349 Pa~F 365
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