HomeMy WebLinkAbout2090lli. Aoceleratioa; Rewedie~. E:capt ~a provided ia pu~~rapb 17 hereof, upoa Bqrrowes'~ bresch o! ~q~- ooven~at oe
agreemeat of Borrower ia thb Mort~a~e. includin~ the oovenanta to p~ wheA due at~r wua~ secured by thb Most~~e. Lead~
prior to aooele~atioa ~hall mail aotice to Borrower as provided ia pwrs~rwp614 hereof ~pedty~in~: (1) the bre~ch; (Z) the wctton
required to curc~ such breach; (3) e~ date. aot lee~ th~n 30 day~ hom the dwte tl~e notlce b mdled to Borrower, by wbkh wcb
breacb must be cured; aAd (4) thet fsilure W cure ~uch bresch oa or before the dwte specitied ia the notlve aa~ result ia
acoeleratiop of the suau secured by this Mort~a~e. foreclo.ure by judici~l prooeedlA~ snd •ale ofehe Propercy.The aotice ~haU
further inform Borrower ot the ri~ht to reiastate etter aooeleratioa and the ri~ht b uaert ta the loreclwure prooeedin~ the
non-e:iotence of s detault or say other defe~ue ot Borrower to aoceleratioa aad foreclwure. If the breach L not cused oa or
before the date speciBed in the notice. l.ender at Lender's optioa a~a1- declare ell of We ~unu ~ecured by thb Mort~age to be
immediately due aad payable without furiher demand and may [oreclose this Mortsa~e by judicial prooeediu~. Leader ~hall be
entitled to collect in such procecding ail e:penees of toreclwure, inctudin~, but aot limlted to. reawnsble sttorney's tee~, and
coets of documentary evide~ce. abstracts and title reporta.
19. Borrower's Ri~ht to Rein~tate. Notwithstanding I.ender s acceleration of the suau secured by thie Mortgage. Borrower shall have
the ~ight to have any proceedings begun by Lender to ertforce this Mortgage discontinued at any time prior to entty of a judgment enforcing
this Mortgage it: (a) Borrower pays Lender aU sums which would be then due under this Moctgage. We Note end notes savring Ftitun
Advancee. if any, had no ecceleration oocurred; (b) Borrower curee all breaches of any other oovenaata or agreements o! Borrowes contained in
thia Mortgage; (c) Borrower paye all reasoneble e:pensea incurred by Lender in enforcing the oovenents and agreemeats of Borrower
contained in this Mortgage and in enforcing Leader's remediee ae provided in paragraph 18 hereot including. but not limited Lo. nasonable
a ttorney's feee; and (d) Borrower takes auch action as [.ender may reasonebly requin to assure that the lien of thie Mortgage, Lender'~ inten~t
in the Property and Rorrower'e obligation to pay the sums secured by thia Mortgage ahall continue unimpaired. Upon such payment and cur~e
by Borrower. this Mortgage and the obligationa eecured hereby ehall remain in fuU foroe and eftect eic if no aoceleration had oontmd.
20. Assignment ot Rents; Appointmeat ot Receiver. Aa additional eecurity hereunder, Borrower hereby assigns to Lender We r~fa
of the Property, pmvided thet Borrovre: shall, prior to ecceleration under paragraph 18 hereof or abandonmenL of the Property, have the right
to rnllect and retain such rente as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entided to heve e receiver appoiated by a
court to enter~pon, take poeseesion of and manage the Property and to collect the rents of the Prope~rtty, including tho~e past due. All rent~
collected by the receiver ahall be applied fuat to paymznt of the ooete of management of the Property and oollection oirenta, indudiag. but not
limited to, receiver's feea, premiume on receiver's bonds and reasonable atLorney's fees, and then to the aume secured by this Mortgage.'I4~e
receiver ehall br liable to acoount only for thaee rents actually received. , .
21. Ftiture Advancee. Upon request by Borrower, Lender, at Lender e option within twenty years from the dete of t~his Mortgage. may
make Futare Advances to Borrower• Such ~ture Advanceu, with interest thenon, shall be secured by this MortgeBe when evidenced by
promiseory notes stating that eaid notea are eecured hereby. At no time shall the principal amount of Lhe indebtedness secured by this
4lortgage, not including.swo~~.advanced in aocordance herewith to ptotect the security of this Mortgage, e:oeed the originel e~nount ot the
Note plus U.S.i :,v_.~ ,
22 Releaae. Upon paymeot ot all eume secured by thie Mortgage, Lender ahall relesee thie Mortgage without charge to Bornower-
Rorrower ehall pay all coste of recordation, if any.
23_ Attorney'e Fees. As ueed in this Mortgage and in the Note, "attomey's feee" ehall include attorney'e fees, if any, which may be
;~warded by an appellate court.
Iti WiThFSS WNEREOF. Borrower has executed thie Mortgage.
5igned, aealed and delivered
-n the preaence of:
. . ' /V~:~. . ` /l' ~ _~j-.~ , ...
.7~; ~! . . ~. . . r . . . . . . . . .
~ ~ Witness
.. ....... ... ... .. ............•• Witneas
.. ~~ . . ~ ......................(Seal)
rry D. Quillen -~^°-~
r~ ~~ ,~
~....~ L"... ~. ?- ~. . . ' t..~ I .,. ~ ~ .~ .f. 4-. . . . . (Seal)
. . . - . Sf"ieri Qui 11 en -"°^°~~
~~• ~~~' Count as:
~ TA'I'E OF ~' tARIDq . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . y
I hereby certify that on this day, before ir~e, an officer duly authorized in the atate aforesaid and in the county aforesaid to
y, • L..., • : ..~ •"n
~. _' -, " :-•~ :;;`~ ..iilL~~_ '•, t~
....
take acknowledgements. Peraonally appeared . . i:~.. .~~. " • . .-.---:- . : . . . . . . . . .. . . . . .. . . a. ~ :•: :`. : : :: . : . . . .. .. - - • . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that . . ~ : ::::: . . . . . . . . . . . . . eaecuted the same for the purpose therein
expreased. 27th
WITNESS my hand and official seal in the county and state aforesaid this . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . day of
................Febryal"Y....._.._......_......-~----.... . is.8l.... ..
`1y Commisaion expires:
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Aota~ll P~. State ol Flond. ~1 t~~q•
~ C~~,;,~ E,qres N~.. ~6. 1982 _
~p~»0 !r •-sM~c~e i •. • ~.~.s ~ ~~ I~/-{
fl ~l ~ ... ...... .... ... ...
rtipar~ Lfeluu Th~s Linr Hrarrrtd %o- L~ndtr and Hern-de-I
~. ~
This Instrument}~repared•by:
.,
::3:';,,- _ ~._ .. .,
First Federal SavinRs and Loan
Aasociation of Fort Peerce, Florida :3:3450
A..!....~. ...~~:'~~....... ... _
Notary Public
i381 l~AR -4 a'1 a ~~4
Fit[c eNt ~`. roP"EO
51.LUC~ CO?N1tY 1l A.
FiCGER i'01 ~ RAS
CtERK CiRCUIT G~U
~ .-• ~•'_-I~ ' . ~~ - --
51882f;
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B~~~x349 e~~E2089