HomeMy WebLinkAbout03761d A~eteratioer, iiear~,die~. t~cept a~ provided in par~raph 17 bereot, upon Borrow~er's breach oi ~qy oovenant or
a~eemeut o~ Borrower Ia thia Mortt~e. iacludta~ the oove~~ata b py w~hea due wqr wa~~ ~eoused by thi~ Mort~a~e. I.eodee
prior to aoosleratiop ~ball m~ll aotloe to Borrower as provided iA pus~rap~ 14 hareot~pecilyrln~ l l) t4e bre~-ch; (Z) the actioa
requtrad to cure sucA breacb; l3) a date. not le~s th~n 30 dqy~ hrom the date the aotios b mailed to Borrower. b~- wrhfc6 wc6
bre~ch mwt be cured; snd (4) that tRllure to cure such breac4 on or before ths date ~peciAed ie~ the notios my- rewlt ia
aooeleration of the swna ~ecured by thi~ Mort~a~e. foreclwure b~- )udicial prooeedia~ and ~ale oithe Propert,p.lbe aot~ce ~haU
ll~sther iaform Borrower oi tbe rl~ht to reieutate ~tter wooslsrstloa ~wd the ri~t to awsrt ln tbe foreclowre proceedln~ the
noa-esi~teaoa oi ~ detault or aq~r other detease oi Borrower to aoceleratioa and toreclwura If t6e bseach i~ uot ~atred on or
before the date ~peciAed ta the aotios, I.erdee at Lender'~ optioa ma,~- declare Rli ot the suau ~e~vred b~ thi~ ~[or'.sa~e to bs
iwmediately due and payable without fi~rther demaad wnd ma,y foreclwe t6L Mort~~e by judiclal proceedip~. Leader ~hall be
entitled to oollect in such proi,~eedin~ all espenses of [oreclwure. includins, bnt not Ua~ited to. reawaable ~ttorney'~ tees, and
coets oI documentary evidenoe, abstracta and title reports.
19. 8orrower'~ Ri`ht to Reliutate. NotwithsLanding Leader'~ aooeleration of the sum~ ~ecured by thi~ Mort~age. Borro~ shaU have
the right to have any proceedings ber~ua by Lende~ b enforoe this Mostgage disooatiaued at sn,y time pria: to ~try of a judgm~t enforcinQ
thia Mortgage i~ (a) Borrower pay~ Lender all sums which would be thea due undes this Mo~aQe. tbe Note and note~ ~ecuring I~hue
Advances, if anY. had no aoceleratioa oocurred: (b) Borrower curea all breaches of any other ooveuant~ or ~reeaiwta of Borroaer ouatained in
this Morfgage; (c) Borrower pays all reasa-able upenees incurred by Lender in enfoscing the cavenanta and agreanenq of Borrowrer
oontained in this Mortgage and ia enforcing Lendr.r's r~edios aa provided in para~raph 18 hereof. including. bat aot Waited to. nawnebls
attorney's fees; and (d) Borrow~ takee euch actioa as I.ender may reasoaably require to x~sure that the liea of thi~ Mortgage, I.ender'~ intere~t
in the Property and Bore~ower's obligation to pay the sume se~vred by thia Mortgage shaU oontinue unimpaired. UpoA wch payment and cure
by Borrowes. this Mortgage and the obligations secured h~eby shall remain in full foroe and effect as if ao aooelaration 6ad oocurred.
Z0. A~si~nmeot of Renta; Appointment of Reoeiver. As additional security heraunder. Borrowar hereby asaigns to Leader the renta
of the Property, pmvided that Borrowez ahall. prior to aoceleration under paragraph 18 hereof or abandonmeat of the Propa~rty. have the ri~ht
to coqeet and retain euch renta as they beoome dae and payable.
~ Upon acceleration under paragraph 18 hereof or abandonment of the Propertyr. I.ender shall be entided to heve a recaver appointed by a
ooiut to enterLpon. take posseeaion of and manage the Property and to collect the rents of the Propaty. including those pa~t due. All rents
oollected by the reoeiver shaU be appli~,d first to payment of the ooats of management of the Property and ooilection of renta. including. bnt not
limited to, reoeiver's feea, premiuma on receiver's bonds and reasonable attomey's fees, and then to the snm~ secured by thi~ Modgag~e.'1'he
:eaivez aka!! t~ liabl~ !a a~auni aal3 far tho6e rents actually received.
21. I~ture Advances. Upon requeet by Borrower. Lender. at Leader'a option within twenty years from the date of this Mortgage. may
make I~tnre Advances to Borrowez. Such l~ture Advanoes. with inte~est thereoa. ahaU be secured by this Mortgage when evidenoed by
oromiasory aot~es etating that said notes are secured hereby. At no time shaU the principal amount of the iadebtedn~ss secured by this
Mortgage. not including su~~vanced in aocordance herewith to protect the secutity ~i thia Mortgage, e:oeed ehe original amount of the
Note plus U.S.i
22. Ralease. Upon payment of all sums secured by this Mortgage, I.ender ahall release thia Mortgage without charge to Borrow+er.
Borrower shall pay all costa of recordation, if any.
23. Attoraey's Feea. As aeed in this Mortgage and in the Note, "attomey's fees' shall include attorney's fees, if any, which may be
awarded by an appeUate rnurt.
IN WiTNESS WHEREOR Borrower has executed thia Mortgage.
Signed, aealed and delivered
in the preaence of:
~i '
. .... ....~!j.. ...
Witneas
~ .................. . ...
~ Witness
~'~~•-s- f' /~~-r...c,..-c~1.-~-;- . . . . . . . . . . . . (Seal)
ALAN ~E. ~ BEAUUUIW ~ . -~-~
.~~~.~1-~k.. ~. . . ~..~cJ~--c~. . . (seal)
GLORIA A. BEAUDOIN -e'. . -
STATE OFFLORID/~ . . . . 'c~t: ~ t.1JCle' . . . . . . . . . . . . . . . . . . . . . . . . . . . . County as:
I hereby certify that on thia day, before Tr~e, an officer duly authorized in the atate afore8aid and in the county aforeeaid to
take acknowledgemen±s, peraonally appeared ..Aldq. E.. Beaudain.:and .Ga ori.a. A. . fteaudoin,..his .wife, ... ...
. . . . . . . . . . . . . . . . . • - - - . . . . . . . . . . - • - - • - - . . . . . . . . . . . . . . , to me known to be the person(s) described in and who e:ecuted the
foregoing instrument and acknowledged before me that ..tney . ............ executed the eame fo~ e purpose therein
expre~sed. Q
WITNESS my hand and o 'al s 1 in the county and state afores ~ this . . . . .. . . . . . ~/. . . . . . • . • • • • • - • - • • • day of
.......................... „jT~...~ . ........ , 19...~
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This Inatro~tlt pared by:
Jerry G. Litr~nto
First Federal Savinga and Loan
Asaociation of Fort Pierce. Florida 33450
1981 f"t:- 24 ,~~ a~ 2
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BOOK 349 PAGF 377
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