HomeMy WebLinkAbout018118. Acceleralfoa; Remedie~. ~scept u provided i~ pua~rwpb 17 hereot. upoa Bon~ower'~ breach ot atq- ooveasnt oe
a~reement of Bosrower in thi~ Mortsey~e, Includl~~ the ooveaanta to pqr w~hea due ~a~r wmr ~ecured by tbi~ ~lort~a~e. Leader
prior to socale~atlon ~hail meil aotice to Borcower w provided iA para~raph 14 hereot~pecltyint: (1) the breac6; (Z) the action
requtred to cure ~uch breacb; l3) w date. aot les~ than 30 dsy~ A~om tbe dats the aotice i~ malled to 8orrower. by w-hkb such
breoch mwt be cured; eu~d (4) th~t failure W cure such breacb oa or before the d~te ~pecitled ia the aotioe m~,~- re~wlt in
acoeleratioa oi the suau secured by thL Mort~~e, toreclwure by Judicial prooeediaj ~ad ssle otthe Pe~opertp. T6e aotk:e ~haL
further inform Borrower at the ri~ht to rei~utete alter aoceler~tion s~nd the ri~ht to wert W the forectowre proosedla~ the
noa-exi~tence ot a default or any other detease ot Borrower eo aoceteratioa and foreclo~urs. If We bseach b not cured oa or
before the dste specifled in the aotice, Leader at Leader'~ option m~y declue a11 ot th4 wnu ~ecured by tht~ Mortsa~a to be
immediately due and p~able wlthout flirther demand aed ma,~- [oreclose thi~ Mort~s~e by judicial proceedin~. Leader rh~ll be
enlitled to oollect ia ~uch proceedin~ all expea~es of foreclosure, includtA`. but aot limited to. reawaable attoraey'~ tee~. ~ad
coata ot documentary evidence. abatracb end title reporta.
19. Borrower's Rl~ht to Reiastate. Notwitlutanding I.ender's aooeleretion of the ~um~ ~ecured by thia Mort~ege, Borrower shaU have
the right to have any proce~dings begun by I.ender to enforoe this Morfgage di~contiaued at sny time prior b entry of a jud~nent enforcing
this M~rtgage if: (s) Boreower pays I.ender all aumi which would be theA due undes thia Mort~aQe. ths Note end note~ ~ecuring Ftiture
Advances. it any. had no acceleratioa occurred; (b) Borrower cure~ all breache~ of any other covenant~ or a~reemeab of Borrower oontained in
this Mortgege; (c) Borrower pays all reawi~able exper-ees incurred by L.endes in enforcing the ooveaanta and agreemeata of Borro~rer
rnntained in thia Mortgage and ia eaforcing Lender s remedies as provided in paraQraph 18 hereof. includin~. but not liaaited to. reasonabls
attorney's fees; and (d) Borrower takes such action as I.eader may nesonabfy require b assure that the liez- of thia Mortgage. Lendez'~ intere~t
in the Property and Borrower's obligation to pay Lhe suma eecured by this Mortgage ahall oontinue unimpaired. Upon such paymeat end curs
by Borrower. this Mortgage and the obligations secured hereby ehell r~nain in tull foroe and eFtect as if no aooeleration had oocurred.
20. A~sl~nmeat of Reats; Appointmeat ot Receiver. As additional security henunder. Borrower haeby ae~i~n~ to Leadez the renfa
of the Property. pmvided that Borrower shall. prior to aoceluation under paragraph 18 hereof or abandonment of the Property. have the right
to rnUeet and retain such n~ta es they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender ehall be entitled to hsve a reoeiva appointed by a
aourt to enter~upon. take possession of and manage the Property and to collect the rents of the Propaty. includin~ thoee past due. All rents
..vUect~ by the ~i.~aivrr d6all be e~p~ilic~i firut tu paymeut uf We awia uf m~nugrmeniof ihe Froperiy uad ooltectionolrenis, iacludin~. bnt not
limited to, nceivei s fees. premiums on reoeiver's bonds and reawnable attorney's fee~, and then to the snm~ ~ecured by thi~ Mortaage.'I~e
receiver ehall be liable b aooount only for those rente actually received.
21. ~tture Advances. Upon request by Boirower, I.ender, at Lende~s option within twenty years [rom the date of thia Mortgage, may
make ~t~ue Advances to Bortower. 3uch Flture Advances. with interest thercon. shall be ~ecund by thi~ Mortgage whea evidenoed by
promissory notes stating that said notes are secured henby. At no time ehall the principal amount of the indebtedne~s secured by this
Mortgage, not includin~~ advanoed in aocordance herewith to prot~ect the security of this Mortgage. e:oeed the original emount of the
Note plus U.S.i -
22. Releaae. Upon paymcnt of all sums secured by this Mortgage, I.ender ahall releaee thie Mortgage without charge to Borrower.
Borrower shall pay all casts of recordation, if any. -
23. Attorney's Fees. As used in this Mortgage and in the Note, "attomey's fees" ~hall include attomey's fees, if any, which may be
awarded by an appellate Court.
:
-
~
~
~~ _
IN WI7IVESS WHEREOF. Borrower hae executed thia Mortgage.
Signed. eealed and delivered
in the preeence of:
r
i ~ r ~
.
. . . . . :'~. . . . . I~.~= - r.. .~ -~.~,:1 . . .
.../.tf.-4:~,Elct.~~... - _dZ:':~~ ..
~ s ~
. . . L ~ . ~ . ""~ 4'i~~~/~= _ • • • • . .S@81~
~ 1Nitneas ~ FI I RLEI( ~. MI LLS ADDER Y -~-Q
. . . . . . . ~.~1~^ . . . . . . . . . . . . . . . (Seal)
~1Nitnesa ~ S WILLIAM ADDERLY -"'°"`"'~'
STA'fE OFFIARID/~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COllDty 88:
St Lucie
I hereby certify that on this day, before rr~e, an officer duly authorized in the atate aforesaid and in the county aforeeaid to
take acknowledgementa, peraonaily appeared .. Shl l"1 Ey, U. Ml l l S Adderly. and..~~rr~~, .yi 1.~ i dm. Ad~eC1x.. ...
. _ . _ . her_ husband,. . . . _ . . . _ _ , ~ me known to be the peraon(s) desrribed in and who eiecuted the
..........--•-•---~--
foregoing instrument and acknowledged before me that ..._ they, ,,......., eaecnted the same for the purpose therein
expreased. ' ' f~
WITNESS my hand an cial seal ~' the county and atate aforeaaid thie . . . . . . - . - • • • ~• - • • • • • • - • • • • • • • • - day of
. . . . . . . . . . . . . . . . . . . . . . . . . . ~~u~ t. :G`![ . . . . . . . . . . . . . . . . . . , 19 . Ci ~ _ .
Not+i1- Pn6~ic. State of Fio~il~ ~t In'M
:1~iy Commission expirea: M~~ E,~ Nor, ib, 1951
~.r~=ii~~(1 foet~a i• :..~...=' a... l f~w'~ Co~M1
~ f ~j~=, i,
:~
,1~ ~~ ~.~... ~;d'fA~...,
. _ ,~ i. ~ ~C! .
'.Y = j •
~ ~ .
: i"
~
~ a '
•.
.. ~ ~. ,
~t''
`
'~j~
'~ Ly
L
' ~ •'~ ..
~
~ :
=
~.
!.,
+~;. • ~ •
° •
. k;~
,
,;~~:,...
'-.• .,~
This Ins~ent Prepared by:
Mary Platt
~ / • /. .~/,
..,~/./~'c~......~ .../.~-:~.~... '..._ ._.... . ~.1.-- ......
.. lYotary Public
ISpact Flduu Th~s /,in~ Xtarrord Eo- /.~nAtr and Rtcvrdnl
51943~
First Federal Savinga and Loan
Aseociation of Fort Pierce, Florida :33450
. ~.
''~350 FN~ ~.81
BJ~1K ~
I~B~ l4AR -6 P?'; ~ ~ ~
F ~lt • ~f LOR~( D
Sf.l ~E~G ~SY.f A`.
RD~ER PCIIRA6
~ERK CIRCUII COURS ~
~f CO~.U ~'Fa!FI'r._ ~ ~ ---
~
a.~
~