HomeMy WebLinkAbout0163iti. Aoceteratlon; Remedie~. B=cept a~ pra~vfded in parasraph 19 hereot. upoa Botro~ver'a bre~ch ot ~ny ooveawut or
agreement otBorrower in thb Mort~w~e, includin~ tho ooveaanta to pqr w6eadue ~y- ateu~ecured by thL Mort~a~e.I.eader
prior to aooeleratioa ~h~ll mail aotioe to Borrower ~ provided in pu~wpb 1~ bereot~pedyin`: (1) tbe brescb; tZ) the action
re9ujred to cure wch brewch: l3) w dste. aot !ew th~n 30 day~ llrom tAe cl~te We aodoe L mdled to Borrowe~. by.vhkh •uch
b:eacb must be cvred; and (4) L1~st tall~ue to cure sucb breach on or betoro tbs dwte speciAed in the aotios ma~r sewlt in
acoeleratioa otthe ~um~ ~ecured by this ~lort~are. foreciwure by Judlc[al peooeedi~ and sale of the Propeety.The notice ~baU
further iaform Borrower ot tbe ri~ht to reiasta~te aRer aooeleratioa ~ad t6e ri~ht to awsrt la t6e loreclwurs prooeedins the
non-e~cidence of ~ detault or aay other defease ot Botrower to acceleratlon u~d toreclowta If ths breacb L aot cured on or
betore the date speciAed ia the aotlce~ Lender at Leader'~ optiou meq- declwre all of the wms secured by thL Mot t~a~e w be
immediately due aad payabla without tuether demand and mwy ioreclo~e thi~ Mort~a~e b~r judicfal proceedln~, Lender ~hall be
e~titled to collect in such procet,~din~ all e:pcnsee otioreclwure, includins, bnt not limited to, reawaable sttorney's fees. and
costs otdocuraentary evidence. ebstracts and title reporta.
19. Borrower'~ Ri~ht to Reitucate. Notwithstanding Lender s sooeleration of the ~um~ ~ecured by tbis Mort~ege, Bosrower ~hall have
the ~ight b have any pmceedings begun by l.ender to enforce this Morigage di~coatinued at say time prior Lo eatry of a judgment enforcin~
this Mortgage if; (a) Borrower pays I.ender all suau which would be thea due uader t!w Mort~~gs„ the Note aad note~ ~ecnriag I~ture
Advances, if ar~Y. Zlgd RO 8COCIli8hOA OCCY7l+Ea: (b) Borrawer cures a11 breache~ of any oth~ coven~ata or a~reem~ts of Borrower oontaiaed in
this Mortgage; (c) Borrower pays a11 reasonable upetucs incurred by I.ende~ in enfotting We oovensnb and ~greezaen4 of Borro~var
oontained in this Mortgage and in enforcing I,ender's nmedies as pmvided ia paragreph 18 h~eof. includin~, bnt not limited to. naionabls
attorney's feee; and td) Borrower talcee euch action as Leader may nasonably require to etaun that the lie~ of thia Mortga~e„ I,end~'~ intered
in the Prope~rty and Borrower s obligation b pay the ~ume aecured by thi~ Mortgage shall continue unimpaired. Upon ~uch payment and cure
by Bonrower. this Mortgage and the obligations sccured h~eby shall remain in full foroe and effect as if no aaceleration had oocurred.
Z0. As~i~nment of Renta; Appointment of Receiver. As additionat aecuriey hereuader. Borrower i~ereby ewigns to Lead~ the reats
of the Pcoperty. prorided that Borrowsr ahall. prior to aocelcration under peragraph 18 hereof ar abandonment of the PropMy. have the right
to collect and retain such centa as ihey become due aad payable.
Upon acceleration under paragraph 18 hKeof or abandonment of the Property. Lertder shall be entided to heve a reoeiver appoiated by a
rnurt to enter~pon, take poeeession of and maaage the Propaty aad to oollect the nmts of the Proparty. includiag tho~e pa~t dne. All rent~
rnAected by the receiver shell be applied 5»t to payiaent of the oosts of management of the Property aad oollection of rent~, includia~, bnt not
liauted to. receiver's fees, premiums on receiver's bonds and reasonable attorney's fees. ewd then b the s~ secured by Wis Mort~age.'l~e
receiver shall be liable to aooount only for those rents actually received.
21. Ptiture Advance~. Upo~ request by Borrower. Lender. at Lende~s option within tw+enty years irom the date of this Mortgage. may
make fl~tun Advances to Bon~ower. Such FLture Advancee, with intsrest thereon, shall be ~ecnred by thi~ Motfgage when evidenoed by
promissory notes atating that said notea are secured henby. At no time ahall the principal amonnt of the indebtednen secured by this
Mortgage, not inclading sums sdvanoed in aocordance herewith to protect the security of this Mortgage. e:oeed the original amount of the
NOtE p~lld U..S.= 1~Inns -
22. Releaee. Upon payment of al! sums eecured by this Mortgage, I.ender shall release this Mortgage aithout charge b Borrower.
E3orrowu shal! pay all coeta of recotdation, if any.
23. Attorney's Fees. As uaed in this Mortgege and in the Note, "attomey's fees" shal! include attorney's fees, if any, which may be
awatrded by an eppellate court.
IN WITN~SS WHEREOF, Borrower has executed thie Mortgage.
Signed, eealed and delivered
in the preeence of:
.
. . (,..~ . . . ~{ ' . . . : ~ . . . . . . . s. `r. r :~ . . . : . (Seal)
.Ck.,~ . . y.~. . .
Witness IC . D -eo•*o-Q
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . /. . ~ : ~ . . . . . . . . : . . . . . .-~-?~c-~"--~-f,~-46ea1)
~ Witneas R H M. LEQNARD -~**°-R
STATE OFFIARIDl~ . , . . St. LuCi e . . . . . . . . . . . . . . . . . . . . . . . . . . . County as:
I hereby certify that on this day, before rr~e, an ofCcer duly authorized in the state aforesaid and in the connty aforesaid to
take acknowledgements, ~r8onally ap~area . . . Fr.ank . J.. . Leonard . and. Ruth .M... Leonard, . his. wi f~ ,. . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s1 described in and who ezecuted the
foregoing instrument and acknowledged before' me that ..th~~Y . ............. executed the aam or the purpose therein
expressed.
WITNESS my hand and %~~i seal in e county and etate aforesaid this . . . .. ... .~ ... . . .. . .. .. . . . .. . . . . . day of
. . . ~ :4.t~ , 19. _ `1?: /.
~--~~~`~ ,
'Viy Cg~nr~E-n~~ri!~t~qy~~~ ' M~C~om~m~ SE~Mes !~;y.'~. 1y82 . .
; ~~ *~.' ~ -„ , , . ... ~ ~
(~ {~I bw:~~i 6~ ~
~~~ ~~~e.~ ~/ r" ~
~ ~~v ~~ ~s~ ~.~ ~ ~
~~~~'•~
~ i~>-~ S
,' s ~CY1 ~= ~?}• '•{~ .
~~~w2- 'a
~ •; ~, . , w .
~
.•
~~~~ a.~L~. ~ f~ .
S. - ~ . ,4'
. !. - _ ,
. ~~
T?~is Inatrument Prepared by:
Mary Platt
~~ t= ~~,- /c. ~ . . . . . . :t''. "7.
.... .............. . .
Nwary Public
~Spac~ /t~lou• Th~s Lin~ kesv.i•ed Eur (,~ndn and Rtev~rdtr~
Firat Federal Savinga and Loan
Asaociation of Fort Pierce, F lorida :3.`345~J
r~ NaR -s ~~c ~ 30
~IL~C ~I.C «C04?itf~
st~uc~~ couarr.F~ a.
IiOGER POITRAS
CLERK CIRCUfT COIfRT ~
ar~a=~ ~•F ~~r~~ n--- --
519433
~
30~X ~~ PAGE ~~~ ~-l~