HomeMy WebLinkAbout115318. Acceleretio~; Remedlea. Escept aa prnvided Ia puaQraph 1? bereot. upon Boerow-er'~ b~each o! an~- ooveaaat or
agreement ot 8orrower in this Mostga~e, includln~ the ooveaanb to p~1r whea due any ~um~ ~ecured by thi~ Mort~a~e, Lender
prior to aoceleratiun shall mail notice to Borrow~r ae provided ia para~r~pb 14 hereoi~pecifyta~: (1)the breacb; (Z) the ~ctloA
required to cure such breach; (3) a date, not leu than 30 dqy~ f~rom the date the notlce i~ matled to Borrower, by wbic6 ~uch
breach muat be cured; and (4) that tailure to cure euch breacb oa or betore the date specitled ia the aotioe msy re~ult ia
acceleratioa otthe.uma secured by thie Mortgage, foreclosure by judtcial proceedia~ and ~ale otthe Property. The aotice ~hsll
further inform Borrower of the ri~ht to reinstate atter aoceleratioa awd the ri~ht to wert in t6e toreclwure proceedin~ the
non•esietenoe of w default or any other de[ease ot Rormwer to aoceleratioa sad foreclo~ure. It the breach i~ aot cured oa or
before the date specitied ia the aotice, Lender at I.ender'~ option aie~y declare aU of the sums aecured by thb Mort~a~e to be
immediately due aad payable without turther demand and may foreclosetbis Mort~a~e by judicial proceedia~. Leader ~hall bb
entitled to coqeM in auch pro~~eeding all e:pense. ot forecloeure. including. but aot lintited to. reaeonable attorney'~ fee~, and
coete ot docume~tary evidence. abstracta end title reporta.
19. Borrower's Ri~ht to Reiastate. Notwithstanding I.ender's axeleration of the sums ~ecured by this Mort~age. Borrower shaU have
the right to have any proceedings begun by I.ender to enforce thia Mortgege dieoontinued at any time pri~ to eatry of s judgment enforcin~
thie Mortgage if: (a) Borrower pays Lender all sums which would be then due under this Mortgege. t6e NM,e and notes securiag ~ture
Advances, if any, had no acceleratiort occurred; (b) Borrower curea all breachea of any other covenents or agreemente of Borrower contaiaod in
thia Mortgage; (c) Borrower pays all reasaiable e:peneea incurred by Lender in enforcing the oovenanb and agreemeat~ of Borrower
oontained in thia Mortgage and in enforring I.eader'e remediea aa pmvided in paragraph 18 hereof. including. but not limited to, nasonabls
attomey's feee; and (d) Borrower takea such action as I.ender may reaaonably require to aesure that the lien of this Mortgage. Lender's intend
in the Property and Borrower e obligation to pay the eama eecared by this Mortgage shall continue unimpaind. Upoa such payment and c~re
by Borrower. Uus Mortgage and the obligations secured hereby ahall remain in full force and effect as if no acceleration had occurred.
Z0. Aesignment of Reata; Appoinunent o! Reoeiver. Ae additional security hereunder. Borrower hereby a~aig~u to Lender the r~ts
of the Property. pmvided that Borrower ahall, prior to acceleration under patagraph 18 hereof or abandonment of the Property. have the right
to collect and retain such renta aa they become due and payable.
Upon acceleration under paregraph 18 hereof or abandonment of the Property, Leader ahall be entitled to have a reoeiver appointed by a
court to enter~pon, take possessio~ of and manage the Property and to ooitect the rents of the Property, including tho~ past due. All nnta
collected by the receiver shull be epplied first to payment of the ooete of management of the Property and coAection of nnta, iaclndinQ, but not
limited to, receiver e fees, premiums on receiver's bonds and reasonable attomey's fees, and then to the sutns secured by this Mortgage. T6e
receiver shall be liable to acoount only for thoae renta actually received.
21. I~Lture Advaaces. Upon request by Borrower, I.ender, at Lender s option within twenty years from the date of this Mortgage, may
make I~ture Advances to Borrower. Such fi~ture Advances, with interest thereon, shell be secund by this Mortgege whea evidenoed by
promiseory notes atating that eaid nct~ are eecured hereby. At no time ehall the principal amount of the indebtedness secund bY thie
Mortgage, not including auma advanced in accordanee herewith to protect the security of this Mortgage. e:oaed ihe original amount of ihe
Note plua U.S.i ~OI1° '
22 Release. Upon payment of all auma eecured by thie Mortgege, Lender shall releaee thie Mortgage without charge to Borrower.
Rorrower shall pay ali coste of cecordation, if any_
23. AtWrney'e Fees. Ae used in thie Mortgage and in the Note, "attorney'a fees" ehall include attornay'e fees, if any, which may be
awarded by an appellate court. '
!ti WITNE.~s WHEREOF. Bnrrower has executed this Mortgage.
Signed. eealed and delivered
in We preeence of:
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Witnesa
...---..... .............................. Witness
'` ..(.~~:."'C':~~' .~....... (Seal)
"RI aRD' L'. ' N~~E ~ -~K
' _, LGy.~Z' (Seal)
,~.~~~tC.~
PATRIC~A J. NE ERT -~~~R
STATE OFFIARID~ . . . . . . . . - • - • 5t: • ~~}e• . . . . . . . . . . . . . . . . . . . County ss:
I hereby certify that on this day, before ~r~e, an officer duly authorized in the state aforeeaid and in the county aforesaid to
take acknowledgements, peraonally appeared ... Rl Chdl"d . L... . N~ub~rt. .and . Patr.i ~ i.a .~.. Keubert, . h15. .h-7 fe,.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s? d~~~ in and who executed the
foregoing instrument and acknowledqed before me that _. tlley . ............ executed the eame for the purpoae therein
expreased_ .y~ ~ ,
WITNESS my hand and offi ' 1 sea/l ~' the county and state aforesaid this _ . . . - • - • - o!`=': • - • • • • • • • • • • • • - • • • day of
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This Inatrument Prepared by:
Carol Fore
F irst Federal Savings and Loan
Association of Fort Pierce, Florida :3.3450
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