HomeMy WebLinkAbout077018. Acceleratioa; Remedie~. Escept aa provided in para~raph 1~ hereot. upon Borrower's bsewc6 of ta~- oovea~nt or
a~reemeat ot Borrower ta thls Mortga~e, includins the ooveaaats to py- whea due an~r am~ ~ecured by thi~ Mort~~e, i.eader
prior to sooeleratioa shall mail aotioe to Borrower a~ provided iu pua~raph 14 hereot~pedfyins: (1) the breach; (Z) the action
requlred to cure such breach; (3) e date, aot less than 30 depr~ l~om the date the notk;e b m~-iled to Borrower. by w-hlch wc6
breach mwt be cured; and (4) that failuro W cure such brewch on or before the date ~peciAod in the notioe mqr rewlt in
aooeleratioa of the eums secured by tbis ~[ortQage, foreclwure by judlctal prooeedlns and ~ale oithe ProperRy. T6e aotice shall
iWrther laform Borrower of the ri~ht to reia~tate aRer sooeleratioa sad the ri~ht b a~aert in tbe foreclosure prooeedla~ tae
non-eziateACe of a de[ault or any other defease ot Borrower to aoceleratioa wnd ioeoclo~w~e. It the breach i~ aot c~ued oa or
be[ore the date specitied ia the aotlce, Lepder at Leader'~ optioA way declars all of the ~unu secured by thL Most~asa to be
immediately due and payable withaut ttirther demand and may torecloae thia Mort`use by judicial proceedln~. Leader shall be
entitled to coUeM in such procecding all e:pepeea of foreclosure. including, but aot llmited to. reasoaable attoraey's teea. end
coata of documentary evidence, abstracts and title reporte.
19. Borrower's Ri~ht to Reirutate. Notwithatanding Leader's aooeleration of the eums secured by this Mortgage. Borrower shall have
the right to have any pr~eedinge begun by L,ender to enforoe this Mortgage diecontinued at any time prior to eatry of a judgment enforcing
thie Mortgage if: (a) Borrower pays Lend~ all euma which would be then due under thia Mortgege, the Note aad notes eecuriag P1~tun
Advances, if any~ had no acceleration occurred; (b) Borrower cuies all breaches of aay other oovenants or agreementa of Borrow~ eontained in
ihia Mortgage; (c) Borrower paye all reaeo~iable eacpenees incnrred by Lender in enforcing the eovenaat~ and age~eements of Borrow~er
oontained in this Mortgage and in enforcing Lender'e remedi~ ae pmvided in paragraph 18 hereof, including~ but not Wnited to. nawnable
atiorney a fees; and (d) Borrower talcea euch action as l,ender mey reasonably requin to assure that the lien of this Mortgage. Lendez's u-tered
in the Property and Borrower's obligetion to pay the eums eecured by this Mortgage shall continue animpaited. Upoa such payment and cnre
by Borrower. this Mortgage and the obligations eecnred hereby shall remain in full foroe and effect as if no aocelezation had oocurnd.
`ld. Assigameat of Rents; Appointment oi Receiver. Aa additional eecurity hereunder, Borrowez hereby as~igns to Lender We nab
of the Property, provided that Bormwer ehall. prior to acceleration ander paragraph 18 hereof or abandonment of the Property, have the right
to collect and retain euch rents ae they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shaU be entitled to have a reoeiver appointed by a
aourt to entera~pon. take poeseasion of and manage the Fmperty and to ooUect the rents of the Property. iacludiag thoee past due. All rente
rnUected by the receiver ehali be applied first to payment of the oosta of management of the Property and oollectioa of nats. inclnding. but not
limited to, receiver'a fees. premiume on teceiver's bonds and reasonable ettorney'e fees, and then to the sums secnred by this Mortgage.'!be
receiver shall be liable to acooant only for those nnts actually received.
21. I~ture Advances. Upon request by Borrower, Lender, at I.ende~e option within twenty years trom the date of this Mortgege, may
make fi~tun Advancer to Boriower. Such ~tun Advancee, with inteer~st thereoa, shall be secured by this Mortgage when evidenoed by
promissory Aotes etating that aaid notes are eecured henby. At no time shall the principal amount of the indebtedness secured by thia
Mortgage, not includi~~na advanced in accordance hetewith to protect the eecurity of this Mortgage, e:ceed the original amount of the
Note plus U.S.i
22 Release. Upon paiyment of all sume eec~ued by this Mortgage, Lender shall nlease thia Mortgage without charge to Borrower.
Borrower ehall pay all coste of recordation, if any.
23. Attorney'e Fees. As ueed in thie Mortgage and in the Note. "attomey'e feee" ahall include attorney's fees, if any, which may be
awarded by an appellate court.
[N WITNES.S WHEREOF. Borrower has executed thie Mortgage.
Signed. aealed and delivered
in the preeence of:
` . i-} 7`. ~~~ 2~ J i
. . . ~ . . . . . . . . . . . . . . . . ,c_ ./. ~. . . -r,,,:, . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . csea ~
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St. Lucie
STATE OFFLORID/~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . County ss:
I hereby certify that on thia ~ay, before rr,e, an o~cer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgements, peraonally appeared . . . ChdL"1 eS . W.. . W~tr'arCk,. . a• ~s i ngl e • adu~ z, - • - - • - • • • • - • • - - • - - - - - - - • • •
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the peraonls) described in and whQ ezecuted the
foregoing instrument and acknowledged before me that ... hl S- -••-••-••-•• executed the enme for the purpqse therein
expressed. ~
WITNESS my ha nd o cial seal in the county and state aforesaid thie . . . . .. .. . . . . . . . . . ~~. . . . . . .. day of
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1Votary Public
ISpurr Relou• Th~s l.~ne Rrsrrred For /.endvr and R~mrderl
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19~1 ~c3 24 P:: 3~ 37
Thomac H HPncnn
Firat Federal Savings and Loan
Association of Fort Pierce, Florida :33450
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