Loading...
HomeMy WebLinkAbout209418. Acceleratiop; Remedie~. ~~cept a~ provided ia peua~rwpb 17 hereot. upon Borrowee'~ breach ot wny ooven~nt or agreement ot Borrower ia thi~ Alort~a~e. includlns the oovet~anta to pe~y whea due aay sum~ ~ocured b~- thi~llort~a~e. Leader prior to acceleretion ohall mail aotioe to Bormwer eu prnvided in pars~raph 14 hereot~pecityin~: (1) the breach; (Z) the wction required to cure such breach; (3) a date, not lea~ thaa 30 de,y~ llrom the d~te the aotice L eawiled to Borrower. by whlch such breach mugt be cured; aad (4) that failure to cure ~uch breec~ oa or before tbe datt, ~pecitfed IA the notios mo,~- result ta acoeleratioA of the aua~ secured by this Mort~age. toreclo.ure by Judiclal prooeedins wd •.le oithe Propesty. The aotice ~hall further Inform Borrowe~ of the right to retnstate aRer aooeleratlon and the risht to ~s~ert in the foreclwure proceedin~ the noR-e:istence ot a detault or any other detease ot Borrower to aoceleratioa aad foreclo~ure. If the breuh is aot cured on or before the dete ~peciAed ia the notice. Lender at Lender'~ option may declare all ot t6e suma secured by this Mort~a~e to be immediately due and peyable witbout fl~rther demend and may foreclose thi~ Mort~a~e by judlcial proceedia~. Lender shall be entitled to coUect in such proce~ding all expenses of foreclosure, inciuding, but aot Umited to. reasoaable attorney'e fea~. and coete of documentary evidence. abstracts snd title reporte. 19. Borrower'~ Right to Rei~state. Notwithatanding [.ender's acceleration of the eums ~ecured by this Mortgage. Borrower shall heve the right to have any proceedings begun by l.ender to enforce this Mortgage discontinued at any tima prior to entry of a judgment eniorcing this Mortgaga if: (a) Borrower pays Lender all sums which would be then due under this Morfgage, We Note and notes securing l~ture Advancee, if any, had nu acceleration occurred; (b) Bormwer curee all breaches of any other oovenanta or agreements of Borrower rnnteined in this Mortgage; (c) Borrower pays all reaeonable expenees incurred by L.ender in enforcing the oovenenta and agreements of Botrower contained in this Mortgage and in enforcing I.ender's temedies aa pruvided in paragiraph 18 hereof, including, but not limited to, reasonabls attorney e feee; and (d) Borrower takes such action as l.ender may reaeonably require b assure that the lien of this Mortgage, Lender's intered in the Property and Borrower s obligation to payr the su~s secured by this Mortgage shall oontinue unimpeired. Upon such payment and cun by Bormwer, this Mortgage and the obligations secured hereby shall remain in full force and effect ae if no aoceleration had occuired. ZO. ABB~~IaIeRL Of RCDLA~ Appointment ot Beceiver. Aa additional eecurity hereunder. Borrower hereby essigns to Lender the renta of the Property, pmvided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandonment of the Property, have the right to rnllect arid retain such rents es they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have s receivet appointed by a court to enter~upon, take poeaeasion o! and manage the Property and to oollect the rente of the Property, including those paat due. All rents coUectec2 by the receiver shall be applied firat to payment of the oo~ta of management of the Propezty and ooUection oirents, including. but not limited to. receiver s fces. premiume on receiver'e bonds and reasonable attorney's fces, and then to the eams eecured by Lhis Mortgege. Tl~e receiver shall be liable to aooount only for those renta actually received. 21. i~ture Advaaces. Upon request by Rorrower, Lender, at Lenderrs option within twenty yeare from the date of thia Mortgage, may make Future Advances f,o Borrower. Such fliture Advancee, with intenet thereon, shall be secured by Lhis Mortgage when evidenoed by promieeory notes atating that eaid notea are eecured hereby. At no time ehall the principal amount of the indebtedness eecared by this Mortgage, not including sume advanad in accordance herewith to proLect the security of this Mortgage, e:ceed the original amount of the Note plus U.S.= ~~ 22 Release. Upon payment of all aume aecured by this Mortgage, I.ender shall releaee this Mortgage without charge to Horrower. F3orrower shall pay all coeta of recordation. i[ any. 23. Attoraey'e Fees. Ae ueed in this Mortgage and in the Note. "attorney e feea" ehall include attorney'a feee, if any, which may be awarded by an appellate court. Iti WITN~SS WHEREOF, Bonower has executed this Mortgage. Signed, aealed and delivered in the preaence of: . . . . . L.`. !-.4 C ~,~.:.... . k~. . . . ~ :1. . . . ~/ ` ~ .<<C:-~. . . . . . (Seal) 11Nitness ~~L U. IN ~F -~-~* ~~lJ~i(J~Yj~ ~ v . . . . . . . . . . ~ ../I : ~ ~~~(Seal) ....................... ....... .. 'VNitness NA W. LINGE ELTER,~ -"°~'°"~ ST~Te of F~,oe~n^ .. St : . Lucie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . County sa: I hereby certify that on thia day, befare rr~e, an o~cer duly authorized in the atate aforesaid and in thecounty aforesaid to take acknowledgementsr peraonally appeared ... ..~~. ? Ch~Q~ . R..1.i n9enfel.ter..and. i~onna _ W.. Li ngenfel.ter., ... . . . . . . . . . . . . . . . . . . . hi s. wi fg,,_ . . . . . . . . . . . . _ . . . . . , to me known to be the person(s) deacribed in and who eaecuted the _ . . . ,thQy _ . . . . . . . _ . executed the aame fo~ the purpose therein foregoing instrument and acknowledged before me that expressed. ~L WITNESS my hand an , official sqal in the county and state aforesaid thie . . . . . • • • • • • • ~. • - .~• • - - • - • - • • • - - daY of ~- ._....... ...............~~. ~~:5. C..r~~......_........... ,19..~.I•- ~ly Co1¢~n+l~~ion ezpires: W„t,~ry t1~it SN1e "4 Fiar~ ~t le-7e , ~~ k~ ~ / ,' `a.'i~Nt ~ ~!({~:~, My (,p~11111~{YM ~ t0~'~ „~~ ,', ~ . . ... ~ ~ ~/ . . . n , .... . ~'j~, 1~l~1/ S~,~S' -.-~.-~, •-~^-•"~... ~ . .~ .~L~ ~ ..Il....-.. ~-~.~L~Vt.~. . ~•. ~-• .o % ~ ~~~ b ~g~ .o~ary r„bi~~ ,~:~;~ . , . ~ ;~~ ~ . t i~c, ~ ~~ ;~ • - r . . - -- --- ----- - -- - ;~ : ---- -------- ----- - ----- ----- ---- : ~ ~ ..,; ~ ., . ;~-~i '.~ ~ ' ,; ~tiparr Hrluu Thc+ l.~nr Res~~n ed fo- ! rndtr and Rtcordtr~ ,~ ~. ~'~ . '~ '. ~ ~ i. ' . 1 ~ • '.:~-~.. .',,"~' ~a~:; This Inetrument Prepared by: 1981 MAR - 4 ~'~ ~ G 4 Mary Platt First Federal Savings and Loan Association of Fort Pierce, Florida :i.3450 ~II~C tV~ ~' i.l''ri•f~ 5 RCGER f ,OIiRASA CifkK CiRCUIT COJRT~ ~ c^~.=; ':i~'s:'; . ~._ ._ . 518~32'~ . v` ~`:~K,,~i7 i'~liE~~~ mj