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HomeMy WebLinkAbout2086 l8. Acceleratlo~; Remedies. B:cept es provided i~ paraRaph 1~ hereof. upoa Borrower'~ breach of sny coveaaat or egreement oiBorrower in thia Mort~e~e~ inctudla~ ehe coveaana a pay whendue aqr •um~secured br ~hi• Morc~~e.I.eader prior to scceleretion sball mail notice to 8orrower as provided in pars~repb 14 6ereof ~pecilyin~ (1) the brewcb; (Z) the action required to cure auch breach; (3) s date. aat less than 30 day~ hom the date the aotice ia mailed to Borrower, by whkh ~uch breach must be cured; aad (4) that fatlure to cure .uch breach oa or before the date ~peciBed ib tbe notioe mRy result in ac~eleratiou of the euma secured by this Mort~age, foreclosure by judlcial prooeedin` aad ~wle otthe Property, The aotice shell further inform Borrnwor ot the right to reinstate ufter soceleration aad the ritht W s~sert in the foreclwure proceedin~ the non-esietence of a detault or any other de[ense of Borrower to aoceleration apd foreclo~ure. I[ the breach is aot cuted on or before the date specified ie the notice. Lender at Lender's option tney declare aU of the sums aecured by this Mortgege to be i mmediately due and payable without further demend and may torecloee this Mori~a~e by judicia! proceeding. Lender ahal! be entitled to rnllect in auch proceeding all expenaes of torecloeure. including, but not limited to, reaaonable atWrney'a teea, and coxte of documentary evide~ce. abetractx and title reporte. 19• Borrower's Right to Reinstate. Notwithstanding Lender's acceleration otthe suma secured by this Mortgege. Borrower ehall have the right to have eny proceedings begun by I,ender to enforoe this Mortgage discontinued at any time ptior b entry of a judgment enforring this Mortgage if; (a) Borrower pays l.ender all sume which would be then due under thia Mortgage. the Note and notee eecuring Future Advances, if any, had no acceleration occurred; lb) Borrower curea all breaches of any other covenants or agreementa of Borrowet contained in thie Mortgage; (c) Borrower paya aU reaaa~able ezpenses incurn.d by Lender in eaforcing the oovenanfa and agr~eements of Borrower ~~ntained in thia Mortgage and in enforcing Lendee'e remedies as provided in paragraph 18 hereof, including, but not limited to, reasonabla attorney's [ees; and (d) Borrower takee auch aMi~n as Lende~ may reaeonably require to assure that the lien of this Mortgage, I.ender's interest in the Property and $orrower's obligation to {~ay the euma eecured by this Mortgage ahall continue unimpaired. Upoa euch payment end cnre by Borrower, thia Mortgage and the obligations eecured hereby ehal) remain in full force and effect as i! no accelerati~n had occurred. 20. Aseignment of Renta; Appointment of Receiver. Aa additiona! eecurity hereunder. Borrower hereby seeig~s b I.enderther~ts nf the Property, provided that Borrower ahall, prior to acceleration under paragraph 18 hereof or abandonment of the Property, have the right to rnllect and retain auch renta as they become due and peyable. Upon acceleration under paragraph 18 hereof or ebandonment of the Pro~-erty, I,ender shall be entitled to have a receiver appointed by a rnurt to enter~upon, take posaeaeion of and manage the Property and to rnllect the rente ot the Propetty. including thoee pasL due. All rents ~~ollected by the receiver ahall be applied fitat to payment of the ooata of management of the Property and oollec~on of rents. iacluding. bnt not limited to. receiverb feea, premiume on reoeiver e bonda and reasonable attomey's fees~ ana then to theaums aecured by this Mortgage.lLe receiver ahall be liable to acaount only for thoee mnts actually received. 21. ~Lture Advancee. Upon nquest by Borrower, i.ender, at Lender e option within twenty yeare from the date of thie Mottgege, may make Future Advancea to Bormwer. Such ~ture Advances, with interest thereon, ahaU be eecured by thie Mortgage when evidenced by promiseory notea etating thet eaid notea ere eecured hereby. At na time ahali the principal amount of the indebtednese eecured by this :~tortgage, not including euma advanced in accordence herewith to protect the eecurity of this Mortgage. e:ceed the otiginal amount of the \ote plus U.S.t-~G 22. Releaee. Upoa payment of all aume secured by this Mortgage, L.ender shatl releaee thia Mortgage without cherge to Borrower. ti~rrower ahall pay all coate of recordation, it any_ 23. Attorney'e Fees. As uaed in thie Mortqage and in the Note, "attorney'a fees" ehall include attorney's fees, if any, which may be <~warded by an appellate court. 1 ~ WlTNF,4S WtiERF.oF. Borrower has executed this Mortgage. tiigned, sealed and delivered ~n the preaence of: , ! ~ , ~ ~, . . . ~. ~ ,-~- ~.-. . . ~-Z.~ . .... . . . . . -~: L~t~.). ~. . . . . -'' ~ Witnese . ..~. . ~. ~ :'C.C.~ C ~, ~ ~ ' ~ . ~.~Z.._ . . . . G~ Witness , ~ ~ _ ~ _ / ' . . fZ : .'~~~<<'• • • • • • ~ ~r . . . . . . . . . . . (Seal) NERBERT C. BRI T -"°^°~K ~ . .~:t.~ . . . ~ - . ' ,~:~~ . . . . . . . . . . . . (Seal) H ~B. BRIGNT -~~R~,~n ~TATE OFF[ARII)~ .... . St.. LUCIE' . . . .. . . . . . . . . . . . . .. . . . . . . . . COUilty 38: I hereby certify that on this day, before rr.e, an officer duly authorized in the state aforesaid and in thecountY aforesaid to cake acknowledgements, personaily appeared ....... . He!"bert . C.. _Bri ght. and Hazel. ,B...Bri ght,. hi s, .wi.fe., .. ~ ~ • • • • • • . • - • • - • - • • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . tn me known to be the personls) described in and who executed the fore~oing instrument and acknowledRed before me that ...rneY. ...._...... executed the same for he purpose therein e~x preased. • WITNESS my hand and official al in.the county and state atoresaid this .. .. .. .. .... .~. ..... ... ......... day of ~ . . . . . . . . . . . . . . . . . . . . . . . . . ~1.~ ~.~..c...4,,`. . . . . . . .,. . 1y. ~6 ~ ~+A A~is. Str1r d I~orii ~t ~ly Commiasion expir ~Oe - ~ C~w'stiM Er~ M~.. 1~. 19a2 ~, • N.lt:{t1: 4 w.s~. w .~w. r.. , -...., . . : _ ~lZ- - '- ~' - _' ' Il-1b~83- _. ~ ~ ~~-c -~?-tE., --.~. .- --~; ..'~.~,.. . ~ Notary Yubl~c ~`parr &4m Th~. /.~nr HPS.~.~ •d Fo. L~ndvr qnd /lacurdtri This by: Carol Fore First Federal Saving3 and I.oan Asaociation of Fori Pierce, Florida :i:;450 ~t~rD~Ht R~~t `ta S t l l~Cst COWt t~ l i A I~i:GfA P0l(RAS CLERK C~RCUIT CO~R' ~ ' •'~` ~ ~ - 5188;~~ ~. ~. . 1981 KAR - 4~.'~ ~ G 2 ' ~" 349 ~~~,~ 20~5 ~ ~~~x.