HomeMy WebLinkAbout209818. Acceteratlon; Remedies. K:cept e~ pe~ovided i~ para~csph 1~ hereut. upoa Borrower's breach ot aay ooveaant or
etreement ot Borrower ia this Mort~a~e, iacludf ng the oovenants to pay whea due at~y ~um~ ~ecured by thl~ MoK~e-~e. Leader
prior to accelerstion shall mail notice to Borrower as provided in para~raph 14 hereot~pecityias: (1) the breach; (2) t6e wctioa
requlred to cure such breach; (3) s date. ~ot tes~ than 30 day~ hom the date the aotice is mwiled to Borrower. by whkh ~uch
breach must be cured; s~d (4) thet tailure to cure euch bceach on or before the dste speclQed ia the aotloe msy ce~ult in
acceleratioa of the au~us secured by this Mort~age. forecloaure by judicisl proceedin~ a~nd salo of the Property. The notice ~haU
further infora~ Borrower ot the right to reinstate pRer acceleration aad the sisht to eu~ert in the toreclwure proceedia~ the
non-esletence of a default or any othe~ defense ot Borrower to eoceleration aad [oreclooure. If the breach ie aot cured op o~
before the date epecitied in the notice, Lender at I.ender's option may declare aU ott6e eanu eecured by thL Mort~a~e to be
immediately due und p~yable without furtherdemand and may foreclose thia Mort~s~e by judlciel proceeding. Lender ahall be
entitled to collect i~ euch proceeding all e:penses of torecloeure. including. but aot llmited to. reaeonable attorney's fees. snd
coate of documentary evidence. abetracte and title reporte.
19. Borrower's Right to Reit~scate. Notwithetanding Lender's acceleration of the sums secund by thia Mortgage, Borrower ehall have
the right to have any praceedings begun by I,ende~ to enforce thie Mo~tgage discontinued at any time prior to entry of a judgment enforcing
thia Mortgage if: (a) Borrower paye Lender all aume which would be then due under this Mortgage. the Note and notee securing FLiure
Advances, it any, had no acceleration occurred; ~b) Bonower curea all breac~ies of any other rnvenants or agreementa o[Borrower contained in
this Mortgage; (c) BoROwer paye all reaeouable e:penees incurred by Lender in enfonting the covenante end agrcements of Borrower
contained in thie Mortgage and in enforcing I.ender s remediee ae pro~~ded in paragraph 18hereof, including, but not limited to. reaso~eble
attorney'e fees; and (d) Borrower tskea auch action ae l.ender may reaeonably requin to aeaurethat the lien otthis Mortgage, Lender's interest
io the Property and Borrower'a obligation to pay the eums aecured by this Morigage ehaU co~tinue unimpaired. Upon euch payment and cure
by Borrower, this Mortgage and the obligations secured hereby sheU remain in fu11 force and effect as if no aoceleration had occurred.
20. Asaignmeat o~ Rents: Appointment ot Receiver. Aa additional security hereunder, Borrowet hereby asaigna b Lender the rents
of the Property. provided that Borrower ahall, prior to acceleration under paragraph 18 hereof or abandonment of the Property. have the right
to collect and retain euch renta as they become due and ~ayable. .
Upon acceleration under peragraph 18 hereof or abandonment of the Property, Lender shall be entided to have a receiver appointed by a
court Lo enter-upon, take poseeeaion of and manage the Property and W collect the rente of the Property, including thoee pest due: All rente
rnllected by the receiver ahall be applied firet to payment of the oo~te of inenagement of the Property and oollection oirents, including. but not
limited to, receiver e fees, premiuma on receiver e bonda and reaeoneble attorney's feea, and then to the suma secnred by fhia Mortgage. The
receiver ehall be liable to acoount only for thoae renta actually received. t
'll. ~Lture Advances. Upon request by Borrower, Lender, a1 Lender e option within twenty yeare from the date of this Mortgage, may
make ~ture Advancea to Borrower. Such Ftiture Advancex, with interest thereon, shall be secured by this Mortgage when evidenced by
promiaeory notea etating that esid notes are eecured hereby_ At no time shall the principal amount of the indebtedness eecured by this
~'{ortgage, not including suma advanced in accordance herewith to protect the security of thia Mortgage, e:ceed the original amount of the
Note plue U.S.i ~1p1~
22 Releaee. Upon payment ot all auma secured by this Mortgage, Lender ehaD releaee this Mortgage without charge to Borrower.
13arrower ahaU pay all coete of recordation, if any.
23. Attorney'e Feea. Aa ueed in this Mortgage and in the Note, "attnrney e feea" ehaD include attorney's [ees, if any, which may be
awarded by an appellate couvt.
l:v WIT1vt;ss WHEREOF, f3orrower has executed this Mortgage.
5igned, aealed and delivered
in the presence of:
/ ~ ~
...` . C~~~. r(.. .. ~. ..1.~:7.. .. ...... ..
Witness
.. ...... ........ . ..................' Witneas
II"~~ `
St. Lucie
STATE ()F~' I.ORIDq . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COUAty 88:
I hereby certify that on this day, before R~e, an officer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgements, peraonaliy appeared. .. TbUNdS..L_. _Pi.erce. and. .Ver.na .L.. _~aerce,. hi s .wa.fe-,- - - - - - - - ~
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . tn me known to be the person(sj described in and who executed the
foreqoing instrument and acknowledged before me that .. tlte~/ . ............ executed the same f~r the purpose therein
expressed. ,E~
WITNESS my hand and offi> ~' 1 seal i~ the county and state aforesaid this . . . . . . . . . _ .~ .. . . . . . . . . . . . . . . . . . . . day of
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~1y Go~~pis¢~ exp~res:
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This InsE~li~hent Prepared by:
Thomas H. Henson
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TH MAS L. PIERC -~R°-K
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tiotary PubLc
~ti~lYfl I~'Iu4 Th~. l.in~• R~srn td fbr /,~ndsr and Ren~rdvri
1981 HAti -4 ~~.~ ~ ~+ 4
First Federal Savinga and l.oan
Association of Fort Pierce, Florida :i:i4c~
~ ~IIfC L~+C ~r~~Ni~f U
S R(`GER i'OITPhSa
CLERK C,PLifl ~ ,~~~, JL~
- :~, ~•:-~s,:•, [ ._
5188;~
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~ ~ ~'jx 349 ~~~~ 2(1~7