HomeMy WebLinkAbout192618. Accelesetlon; Remedies. Cscept a~ provided i~ para~raph 17 hereof. upoa Borrowee'~ bteacb ot aq~- ooveawat or
a~treemeat of 8ore~ower in thb Mort~a~e, iacludi~~ the oovenanta to pa~r when due way wm~ secured by thb Mart~s~e.I.eAder
prior to aoceleratlo~ eball mail notloe to 8o~rower w provided i~ par~r~ph 14 hereot~pedtyia~: (1) the breacb; (Z) t6e actiou
requlred to curr+ such breach; (3) a date, aot leea than 30 d~y~ hom the date the aotice b mailed to Borrower. by whlch sucb
breach must be cured; and (4) that failure to cure sucb breach on or before the date ~peclfied ia the aotlos mq result iia
acceteratioa o[the suras ~acured by this Mortg~ge, foreciwure by judtcial prooeedin~ utd ~ale af the Propert~r. Tbe aotke ~haU
turther inform Borrower o! the ri~ht to retAState aRer aa~eleratioa aad tbe ri~6t b ~usert ia the foreclosure prooeedln~ t6e
noa-existence ot ~ defeult or an,y other defenee of Borrower to aoceleretioa and toreclo~ure. If the breach i~ aot cused oa or
before the date ~pecfAed in the aotice, Lender at Leader's optioa may declare aU otthe ~ums secured by thL Moct~a~e to be
immediately due and pe~yable wlthout further demand and may [oreclose thie Mort~a~e by judicisl proceedin~. I.eader shdl be
entitled to collect in auch proceeding all expenees of foreclosure, tncludin~, but not limited to, reasoaable attoraey's fee~, and
costs of documentary evldence. abrtracts and titte reporta.
19. Borrower's Right to Rei~yetate, Notwithatanding Lender'e aoceleration of the sum~ secured by this Mortgage. Borrower shall have
the right to have any proceedinga begun by Lender to enforce thia Mortgaga discontiaued at any time prior to entry of a judgmer~t enforcing
thie Mortgage if: (a) Borrower paya Lender all eume which would be then due under thie MortQSege. We Note and notes securing I~~utun
Advances, if any, had no accelercition occurred; (b) Borrower curee all breaches of any other covenanb or e~reementa of Borrower contsined in
this Mortgage; (c) Borrower peye all reseouable ~pensea incurted by Lender in enforcing the oovenanta aad agreements of Borrower
rnntained i~ thia Mortgage and in enforcing Lender'e remediea ae provided in paragraph 18 hereof, including, but not limited to. nasonable
attorney'e fees; and (d1 Borrower takee auch action as l,ender may reasonably require to asaun that the lien of this Mortgage, Lender's interest
in the Property and Aorrower'a obligation to pay the aums eecured by thie Mortgage ehall continue unimpaind. Upon such payment and cure
by Borrow~, this Mortgage and the obligations secured hereby ehall temain in full force and eftect ea if no soceleration had occurred.
`2O. A/S~gllnl@AL Of Rell~tl; Appointment ot Receiver. As additional security hereunder. Borrower henby esaigns to L,ender the reats
of the Property, pmvided that Borrower ehall, prior to aoceleration under paragraph 18 hereof oz abandonment of the Property, have the right
to collect and retain auch rents as they become due and payable.
Upon acceleration under peragraph 18 hereof or abandonment of the Property, L,ender shall be entided b have a reoeivez appointed by a
ooiut to enter~upoa, take poeseaeion of and manage the Pmperty and to ooUect i.`~P renta of the Property. including Wose past due. AU ra~ts
collected by the receiver shall be applied 6rat to payment of the ooete of management of the Property and ooUection of rents, including. but not
limited to, receiver's tees, premiums on receiver's bonds and reasonable attomey's fees, and then to the aums secured by thia Mortgage.'I4~e
receiver ahall be liable to acoount only for thoee rents actually received.
21. F1~ture Advances. Upon requeet by Borrower, l.ender, at Lender s option within twenty yeare firom the date of this Mortgage, may
make fi~ture Advanoes to Borrower. Such Fliture Advancee. with interest thereo~, shall be secured by thit Mortgage when evidenoed by
promiesory notes etating that said notes are eecured hereby. At no time shall the principal amount of the indebtedness secured by this
Mortgage, not including eums advanced in aecordance herewith to protect the security of this Mortgage, exoeed the original amount of the
Note plua U.S.= ~~
22 Release. Upon payment of all eums eecured by this Mortgage, Lender shall release thia Mortgage without charge to BorroweT.
Burrower ahall pay all costs of recordation, if 8ny.
23_ Attorney's Feee. As used in this Mortgage and in the Note, "attorney e feea" shall include attorney'e fees, if any, which may be
awarded by an appellate court_
[ti WITNES.S WHERFOF. Borrower hae executed this Mortgage.
5igned, aealed and delivered ~ ~ ~
-n the preaence of: --
.
_ . . .~~~~~~~~: ~,~ :~ . ~~\,~~~~~i~c. : .~ . . . ~,.f~~"~ . . . . . . . . . . . . . . . . (Seal)
Witness -~-K
`, - Daniel Dimon, A single adult
- -~~~ ~~~ .~: . .!~ . `- ~ :~~~..~ x`4-~.-~;. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . (Seal)
~ Witness -~+~-~-R
~~ ~
ST~Te oF F~~e~n~ . . . . , , St.. _Luci e . . . . . . . . . . . . . . . . . . . . . . . . . . . County ss:
1 hereby certify that on this day, before rr,e, an officer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgements, ~~ona~~y $~~~rea . . Dani el _ AimQO.. A. ~i ngl e .adul t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that . _ . he . . . . . . . . . . . . . . execut~d Zhe same for the purpoae therein
expressed. ~ 1
WITNESS my h~apd nd/ official seal in the county and state aforesaid this . . . . _ '~ ~-' "`J. . . . . . . • • - • • • - • • • day of
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`i~f~~is~en;~,thires: ~. .
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_ liJ - ~ ~ •; 7f ~ , Notary Public
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i~r J~, ,• ... •' ~~?,~v . ~tipot~- R~'G~u Th,.. L~n~• Hrs.•rrrd t~nr L~•ndrr and Ren~rderi
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- "~ 19~ HAR -2 PK ~ 3T
This Ingtrument Prepared by:
Jer~'_y L i trento
Firat Federal Savings and Loan
Aasociation of Fort Pierce. Florida :~:3450
ittEC ~M' pECOPJi D
S RCGtR~P01TRASA.
CLEFK CIRCt~IT COURifJ
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518`711
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n^~K349 r~~,F1~25
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