HomeMy WebLinkAbout112518. Aceeleratlon; Remedle~. B:cept ea pwvided in puasr~ph 17 hereoi. upoa 8orrowrer'~ breacb ot any ooveaaat or
a~reemeet ot Borrower in this Mort~s~e, includia~ the ooveaanta to p~~r whea due aa~r suau~:ured by tbi~ Mortta~e. Lende~e
prior to accele~ation ~wll msil notlce to Borrower su provided ia puasraph 1~ hereot~pecltytns: (1) tha bre~cb; (Z) the ~ctioa
required to cure wch breach; (3) w da~e, aot lew than 30 d~y~ tfrom tbe date We aotioe b mdled to Borrow-er. by wbkb ~uch
breach ruwt be cured; aad (4) thst tailure to cure such bceach oa or before the date speciAed la tbe aotioe mq rewlt in
sooeterwtioa oithe ~uau secured by thb Mort~a~e, toreclo~ure by judlcial prooeedin~ ~nd ~a1e oitheProperty.'i'he uotice ~haU
tl~rthes inform Borrower of tbe ri~ht to reinstste after aooeleratlon wd the ri~ht to wert ia the foreclosure pra~eedln~ the
aoA-esisteace of a default or aay other detenae o[ Borrower W aoceler~UoA aad foteclo~ure. it the bnach L not cured on or
betore the dwte ~pecitied ia the notice, Leader et I.eader•~ optioa ~aoy declare ~U ot We ~um~ ~ecured by t6b Mort~a~e to be
immediately due and pe~ysble without fi~rt6er demand and may foreclose thl~ Mort~w~e by judicial pe~oeeediag. Lender ~ball be
entitled to collect ia euch proceeding ell expense~ ot toreclosure. Includtn~, but aot limited to. reawaable 4ttorney'~ teo~, and
costs ot documentary evidence. abstracea snd title reporta.
19. Borrower'~ Rl`ht to Reinotate. Notwithstending Lender's acceleration of the auma ~ecured by thi~ Mort~age. Borrower ~hall have
the right to have any pmoe~dings begun by Lender to enforce this Mortgage di~continued at any time prior to entty of a judQmn~t enforcin~
this Mortgage it: (a) Borrower paya Lender all sums which would be then due under this Mort~~ge~ the Note and notes ~ecuring FLtun
Advanoe~, J any, had no acceleration occurred; (b) Bon~ower cures all breachea of any other ooveaaata or sgreemenis of Borrower contained in
this Mortgage; (c) Borrower pays a11 reasoua~le eacpenses incurred by Lender in enforcing tlie oovenants and agreementa of Borrow~er
oontained in this Mortgage and in enforcing l.ende~ s remedies as pmvided in paragraph 18 hereof. iacluding, but not lianited to~ reasonabls
attorney a fees; and (d) Borrowrr takee euch action as Lender may nasonably require b assure that the Uen of this Mortgage. Lender i interert
in the Property and Borrower s obligetion b pay the aums secured by this Mortgage shall continue unimpaired. Upon such payment and cun
by Borrower. this Mottgage and the obligations eecured hereby shall remain in full force and dfect as if no aooeltration had oecurred.
20. AssIgnment of Reats; Appointment of Reoeiver. As additional security hereunder, Borrowe~ henby assigw b Lend~ We reAts
of the Property. pmvided that Borrower shall, prior to acceleration under peragraph 18 hereof or abandonment of the Propezty. have the tight
to collect and retain such renta as they become due and payable.
Upon acceleration urtder paregraph 18 hereof or abandonment of the Property. L,ender shall be eatiqed to have a rectiver appointed by a
caurt to enter ~upon, take poeseasion of and manage the Property and b collect the rente of the Prope:ty, including Wose past due. All reate
oollected by the receiver shell be applied first to payment of the oosta of management of the Property and oollectioa of nats. iacludin~, bnt aot
limited to, receiver's fees, premiums on reoeiver's bonds and reasonabk attorney`s fces. aad then b the enms ~ecured by this Mort~age. The
reoeiver ehal! be liable to aooount only for those renta actually received.
21. Ftiture Advancea. Upon request by Borrower, Lender, at Lender's option within twenty years from the da4 o[this Mortgage, may
make Future Advances to Borrower. 3uch ~ture Advancee. with intrrest thenwn. shall be secured by this Mortgage when evidenoed by
pmmissory notes etating that said notea are secnred hereby. At no time shall the principal amount of the indebtedness secured ~y this
Mortgage, not inclu~~ms edvanoed in accordance herewith to proteM the security of thia Mortgage, e:ceed fhe original amount of the
Note plw U.S.~ .
22 Releaee. Upon payment of a11 auma eecured by this Mortgage, Lender ehall release thia Mortgage without charge to Bormwer_
Borrower ehall pay all costa of recordation, if any.
23. Attorney's Fees. Aa used in thia Mortgage and in the Note, "attorney e feea" ahall include attorney's feea, i[ any, which may be
awarded by an eppellate rnurt.
[cv W~'rNe.~.S WHEeeoF. Borrower has executed this Mortgage.
5igned. eealed and delivered
in the presence of:
. . f'/. ~ . . . . . . . . .~.-!. . . . . . ~ ~.'% . . . . . . .
~ / Witness
. . . . CI/~ c~..__t__ . ..~ : .'. ~''.~'~:~ . . .
Witneas
. ..ti.l' ..........................(Senl)
CLY CROUCH -~-K
AuQn.A.?~/~!,'r~..(./. I~f.-~C•', .K~.. .. . (Seal)
./ •• JY\~RJt I.RQVCH -Horru.er
ST~Te of Ft.ox~o~, . . . . . . St : Luci e . . . . . .. . . . . . . . . . . . . . . . . . . . . County ss:
I hereby certify that on this day, before rr,e, an officer duly autharized in the state aforesaid and in the county afore8aid to
take acknowledgements, personally appeared . . . . . CLY DF . CROUCFI. ~qd .SANDRA. CROUCN•, • h-~S • W1 fe ~ • • • • • • • • • • • • • • -
. . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . . . . . .. . .. . . . . . to me known to be the person(s) described in and who executed the
foregoing inatrument and acknowledged before me that ......~hEy. .._.._.. executed the same for the purpose theTein
expresaed. / ~--
WITNESS my hand an~f~'ai seal in the county and state aforesaid thie . _ . . . . . . . ~ .~ . . . . . . . . . . . . . . . . . . . . . day of
.. . . . . . . . . . . . . . ...1"~~4. . . . . . . . .. . . . _ .. . . . . . . , 19. .~1. •
., ~ r e! ,:: oi e•_riAs ~t IJ~9~
`1-.t~r~ ~a...K. .
VIy Commiasion expires:• _,~,: -.; :•~~. 15, 1932 •
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Thie Insti$~til~4 Prepared by:
Steve Day
Firat Federal Savinge and Loan
Asaociation of Fort Pierce, Florida :i.3450
~n~K349 PH~Ei126
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