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Home My WebLink About016718. AcceleraUoa; Remedle~. E:cept a~ provided iA parw~rap6 17 hereot. upon 8orrorver's breach ot aq~ ooveaaat ~ a~reement ot Borrower la thia Mort~a~e, Iacludia~ the oovenanta to pay whea due ~ sum~ sewred by tbi~ Mort~a~e. Leadee prior to aoceleration ~hall a~all notioe to Borrower a~ provided in para~raph 14 heceotspecit~rint: (1) tbe bre~-cb; (Z) the actioa requlred to cure auch brescb; (3) s date. not lew thaa SO da~y~ !Mm the d~te the aotke b m~iled to Borrower. by w6kb wch breac6 mu~t bs cured; aad (4) that fsilure to cure ~uch breach op or before the dste ~peciAed ia the notios m~r re~wlt in acoeleretioa of the ~ww secured by thL Mort~s~e, [oreclwure by judicial prooeedln~ ~d ~ale of the Proparty. The Aotke ~haU further iaform Bosrower ot the ri~ht to rei~utate ahe~ wooeler~tloa uid the ri~ht to ~aert ia the foreclwure proceedla~ the noa-e:i~tenoe of ~ detault or wny other delease ot 8orwwer to Roceleration aad foreclwure. l[ tbe bre~ch l~ aot cused oa or before the d~te ~pecified ia the aotice. Leader st l.eader'~ optioa mq- declue ~11 oithe suau secured by thL Mo~a~e b be immedietely due eu~d peqable without turther demand and msy [oreclwe thla Mort~ate b~- judiciwl proceediat. Leader ~hall be e~titled to collect la such prw,~eedin~ ell esperues of foreclo~ure, lacludia~, but aot llmited to. reawnable ~ttorney'~ fee~. aad coats ot documentary evidence, abetracts end tltte reporta. . 19. Borrower'~ Rl~ht to Reio~tate. Notwithetanding Lender'~ aooeleration of the sumr ~ecured by thi~ Mort~a~e, Horrower shall heve the right b have any prooeedings begun by Lender b enforoe this Mostgage diicontinued st any time prior to eatry of a judgment enforcing this Mortgage it (a) Borrower pays Lender all sums which would be then due under thi~ Mort~~0. We Note and aote~ ~ecuring FLture Advanas. if any, had no acceleration occurred; (b) Borrower cures all breache~ of aay oWer oovenant+~ or a~reememb of Botrowe: oontained in this Mortgege; (c) Borrower pays all reasouable expenses incurred by Lender in enforcin~ the oovenanta and aQreement+~ of Borro~rer ooatained in this Mostgage and in ertforcing Le~der s remedies as pmvided 'u- paragraph 18 hereof. including. but not limited to. nasonabls attorney'a fees; and (d) Borrower takea such action as I.ender may reasonably require to assure that the li~ of this Mortgage. I.eader'~ intend in the Propaty and Borrowe~'s obligation to pay the aums secured by this Mortgage ahall oontinue unimpaired. Upon such payment and cur~e by Borrower, this Mortgage and the obligations secured hereby shall remain in tull foroe and effect as if no aooeleratioa had oocurred. 20. Assi~nment ot Rents; Appolatment of Reoeiver. As additional security hereur-der. Borrower henby as~ign~ Lo I.ender We e+enta of the Property. provided that Borrower shall. prior to acceleration under paragraph 18 hereof or abandonment oithe Property, have the right to coUect and retain such renta as they become due and payable. Upon acceleration under paragraph 1& hereof or abandonment of the Property, Lender ahal! be entided to have s reaiver appointed by a rn~ut tu enter.upon. take poseesaion of and manage the Property and to caUect the ra~ta of the Property. including tl~we pad due. All rents oollected by the receiver shall be appUed first w payment of the oosta of management of the Property and a~llection of rent~„ includina. bat not limited to, receiver's fees. prnniums on receiver'a bonds and reasonabte attomey's fees, sad th~ b the ~nms ~ecured by lhi~ MortQa~e. The receiver shall be liable to aooount onty for those rents actually reoeived. 21. I~ture Advancea. Upon requat by Borrower. I.ender. at Lender s option within twenty years irom the date otthis Mortgage. may make Fnture Advanoes to Borrower. Such I~ture Advancxe, with intrre~t thereoa. ~hall be secured bY thi~ Mortgage when evidenoed by pmmissory not~es stating that said notes are serurod hereby. At no time shaU the principal aiuount of the u-debtednas sec~ured by this Mortgage. not includin snms advanoed in aocordance herewith to pmtect the securitY of thia Mortgage, e:ceed the original amount ot the Note plus U.S.i~ 22. Releaae. Upon payment of all sums eecured by thia Mortgage. Lender ehall rcleaee lhie Mortgage withoat charge to Borro~rer. Borrower ahaU pay all rnsta of recordation. if any. 'l3. Attorney'e Feea. As used in thie Mortgage and in the Note, "attorney's feea ' shall inctude attorneyb fees, if any, which may be awarded by sn appellate court. IN WlTNE.SS WHEREOF. Borrower has executed this Mortgage. Signed, eealed and delivered in the preeence of: . ~~ ~ . ~,. ' . . . . . .4; . .G- . t~.... . . ~,,r . . . . . . . . . . . . . ~ ~ . Witness . ... ~-~ ~-~~. .~.. .d~~.e.1~ . . ' ' . . . ' wiiness .. . . . . . .. . . ... ....... .... ... ~se~a~ J L. REED, a single adult -s°'~°'~' .............................................. ~~~, -fiotrowp St . LuC i e Count sa: STATE OFFLORIDA . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . y i hereby certify that on this day, before ~rie, an officer duly suthorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared . . ~d~J!~S . ~.. . Reed, . ~1. S.lDal@. ~dLLl t.y . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that . . he . . . . . . . . . . . . . . . executed the same for the purpoae therein expresaed. ? ~~ WITNESS my hand an fficial se in the county and state aforesaid this . .. . . . . . . . . :? . . . . ... . . .. . . . . . . . . . day of ...........................~~ G~.:~,~`'..~............._.._. , 19..~..~ ~.--~"~ ol Flond+ +~ ln~ ~ . ~fy Commisaion expires: ~• N,~~. 16, 19a2 / ~ . ~~ ~ EaDr~ ' ' ~ ~ ~ ..~;:~ . ,: ~~,~``'Jy. M1.~;",":~..~.•~.., ~,..... . _..t.....---./l~'....._. .........~._....... . ~ •~ :+,,:.~ S •; ~~ ~ . Nota Public . - ~ •~.. ry .~ f: / •°,~4" ~ ~ . ~ ••' ~ ~` ~'~~- ------- ----- --- --- - -- -- S~ f ~ ,~'. ~ ' ~~ ,•!~ "i ~' "' r tipacr Hrlou• Thu I,~n~ X~serr~d tor Lendar und Rteo-drr/ ~~~~Es1.~~ ; ". . ~ ,~, . .. . • ~ q81 HAR -6 P!1 3~ 30 This Institument Prepared by: F~LfD RkC F~CtiN:1f0 S1.lUClE C4Uti? ~. f t A. NIa1"y P~ atL R06ER P01 ~ RI.S Firat Federal Savings and Loan CLERK CIRCU11 Ct~~it ~~ Aasociation of Fort Pierce, Florida 334.50 pFZ~~+~ ~~``~~i'~'`__- ~ i/ 519434 g`?~K 3~a P~~E ~s7