HomeMy WebLinkAbout015918. Acceleratioa; Reeaediea. h:xcept e~e provided le pera~r4ph 17 hereot. upon Borrowes'~ breach ot any ooveaaut oe
a~eeea~eat ot Borrower in thL Mort~a~e,lncludins the oove~anq to pqr wl~eu due aq~r ~uma ~ecused by thb llortsase. Leader
prior to acceleration ~ball mail notloe to Borrower ~s provided ia puatraph 14 hereotapedtyin~: (1) tbe breacb; (z) thewctloA
requlted to cure ~uch breach; (3) a date. aot leu than 30 day~ A~om the date the aotice b mailed to Borrowee. by whicb ~acb
breach mwt ba cuced; ~nd (4) that [wilure to cure ~uch breach oa or betore the date ~peclAed ia the potioe m~,p reatlt in
acoeteratjoa of the sutps ~ecue~ed by t6t~ Mostga~e. foreciwure by ~udtciai ps~oo~+edip~ ~wd ~a~e of the Property.'i'be notice d~ail
furiber lnforai 8orrower ot tAe rlxht to reinstate aher aoceleration and tbs rl~ht to wert !n tbe loreclowre proceedla~ the
noa-exi~tenoe oi a default or ~ny other defeoee of Borrower to aocelerat~oa and foreclosure. If the breach i~ not cured on or
before the date ~pecitied in the notice, I.eoder at I.e~der'~ optior m~y dectars aU o! the suma ~ecured by thL Morts~~e to be
immedlately dne and payable wlthout further demand and mey foreclose this Mort~~e by jndiclpl proceedtps. I,epder ~hall be
entitled to collect ip such proceedin~ all espenses otforeclosure. iactudin~, but aot liinited to, reasoaable attoraey'~ tee~. and
coets of documentary evidence, abstracts snd title report~,
19• Borrower's Ri~ht to Rei~utate. Notvrithstanding L.ender'a acoeleration of the sum~ ~ecured by this Mort~age. Borrower shall have
the right to have any ptncredinga beg~n by j,ender to enforc~e this Mortgage diieontinued at any time prior to ebtry o!a judgmant enforeing
this Mortgage if; (a) Borrnwer pays I.eader all euras which would be then due under this Mortgage. the Note aad note~ ~ecuring Fhture
Advances, J any, had no acceleration occurred; (b) Bonower cures all breaches of any other covenanb ar a~reementa of Borrower ouRtained in
this Mortgage; (c) Borrower pays atl reasouabie eupeneee incurrod by Lender in enforcing the oovenants and agnemenfa of Borrowrer
oontained in this Mortgage snd in enforcing l.endar'a remediea sa proy~ded in paragrsph l8 hereof, inclnding~ but not liaoited to, nawnsbls
attomey's feea; and (d) $o~wer tateu euch action as I.ender may nasoaably require to assure that the lien of this Mortgage~ Lender'~ intere~t
in tha Property and Borrower's obligation to pay the auma secured by this Mortgage ahall oo~tinue unimpaind. Upoa such pqymeut aad cnre
by 8orrower. thia Mortgage and the obligations e~ecured heceby ahalt remain ia full foro~ and effect aa it no aooeleratioa hed oxunbd,
Z0. Aasi~nment ot Reats; Appolntment ot Receiver. Aa additional eccurity hereunder. Borrower hereby assigtu tu I.euder We r~y
of the Rroperty, pmvided that Borrower shall. prior to acceleration under paragraph 18 hereof or abandonment of the Property. have fhe right
to collect and retain euch rent8 aa they become due and payable.
Upon acceleration undrr paragraph 18 hereotor abandonment of the Property, I,ender ahall be entitled to have a noeiver appointed by a
oourt to enter.upon, take poesession of and manage the Propetty and to oollect the renfa of the Prop~ty, including thoee paat due. All rents
coAected by the receiver shall be applied fir~t to peyment of the ooeta of management of the Property and oollection of renfa. iaeludia~. but not
1~mited to. receiver'a feee. premiume on receiver's bonds and reasonable attomey's f~es. end then to the sums sec~ured by this Mort~age,l~e
receiver ehall be lieble b acoount only for thoee rente actually received.
21. I~ture Advances. Upon request by Borrower, Lender, at Lender'a option within twenty years trom the date of thia Mortgage, may
make I~ture Advances b Borrower. Such Ftiture Advancee, with interest thenon, ahaU be secured by this Mortgage when evideaoed by
promieeory notes stating that said notee are eecured hereby. At no titne shall the principal amount of the indebtedness aecured by this
Mortgage, not includinQpO ~s advanoed in aooordence herewith to pmtect the sec~uity of this Mortgage, e:ceed the original emount of the
Note plus U.S.i h
22 Releaae. Upon payment of all sume eecured by this Mortgage, Lender aha11 releaee this Mortgage without charge to Borrower.
Borrower ehall pay all rnste of recordation, i[ any.
23. Attorney's Reea. Ae ueed in this Mortgage and in the Note, "atbrney e fees" shall include attorney's fees, if any, which may be
awatded by an sppellate court.
IW WITNESS WtiEREOF. Borrower has executed this Mortgage.
Signed. sealed and delivered
in the preaence of: ~
~
.... ~..~ . ~. ~_~ Z.~1. ~
~ . ...--- .... ......... ... . ~ ....... .... ............cs~>>
Witness J 4~~LE -~«.o.~
;~ . ~
..... .............. ... .... ........ . ..... ..-.
~" .-:~~.r.~~-. ~C. : . . ~~ . . . . . . . . . . . . . . . . (Seal)
~ Witness LINDA L. HALE -~^~~K
STATE OFFLORIDA . . . . . . . St : Luci e . . . . . . . . . . . . . . . . . . . . . . . . . Count sa:
y
I hereby certify that on this day, before rrie, an officer duly authorized in the atate aforesaid and in the county aforesaid to
take acknowledgements, personally appeared...~ASP.J1n.~.. Hale.drtd..Linda..l...Hale,..bis.wife, .............
~ - • • • • - • - - • • • • • - • • • - . . - - . - • . . . . . . . . . . . . . . . . . . . . . . . . . . tv me known to be the person(s) described in and who executed the
foregoing instrument an~ acknowledged before me that ... tt1E,y ...._..._.. executed the same foythe purpose therein
expressed. ~
WITNESS my hand and f ial seal in~the co4nty and atate afore~s `id thie ... ... .. ....~ .. .......... ....... day of
. . . . . . . . . . . . . . . . . . . . . . . . . . . ~ i~~,~.~. cfi4.C.~ . . . . . . . . . . . . . . . . , 19 . . ~S!..
~1y Commission expires: N't n'L`~~ ~t~!•• ~' ~ i~. .,• ~•7! ~
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~~ ~~'~~~ ~'~ 1981 MAR -6 P~i ~ 30
This Ins~~ent Prepared by:
FILEO ~Nr P~CORDFD ~
Mary Platt ST.IUCIF C~NTY.i'(A.
R(ZGER POITRt.S
First Federal Savinga and Loan CIERK CIR~INt COURT />
Association of Fort Pierce, Florida :33450 R£CCRD ~ERtFit C. __~~
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