HomeMy WebLinkAbout018518. Aceeleratioa; Remedie~. Escept u pwvided in pwra~raph 1~ bereot~ upon Borrower'~ breach ot aa~r oovenant or
e~reement ot Borrower In thl~ Mort~ese, includia~ the ooveawab t~o pyr whm d~e aq~- wo~~ recured by thl~ Mort~~e. Leadee
prior to aooele~~tioa ~hall m~il noNoe to Borwwe~ ~u provided te parw~eaph 1! h~eo[~psclfyin~: (1) the breach; (9) tbe wctlon
requtred to cure wch breacb: (3) w date. not les~ than 30 dw~ A~om the date the notke i~ wdled to Borro~rer. by w~hkb ~uc6
breacb mwt be cured; and (4) thwt fallure eo cure such bre~-ch oa or be[ore the date speciAed in the aotioe mq rewlt ia
aoooleratlon of the swna secused by tbb Mort~~e. toreclosure by jndlclal prooeedins ~ad ~a1e oithe Property.T6e iwtioe ~~11
truther intorm Borrowsr ot the ri~ht to rei~utate ~Rer aooelentioa and the ri~ht to wert ia tbe toreclo~nre proc.eedia~ the
non-e:tstence ot a defwult or an,y otber de[eaae ot Borrower to woceleratba wnd toteclo~ure. It the breacb b not cured oa or
before the date ~peciRed ia the aatice. Lender at Leader's optioa mr~y declare all of the ~um~ ~ecured by thL Mort~a~e to be
immedietely due aad peyeble without turther demand wad wsy [orectose thb Ulort~a~e b~r judicial prooeedins. Lender ~hall be
e~titled to collect In such proceedin~ sll expe~uer o[ foreclo~ure. inctudin~, but not limited to, rearoaable attorney'~ iee~. ~nd
costs of documeAtary evideace, sb~tracts and tiUe reporta.
19. Borrower'~ Rl~ht to Rein~tate. Notwithatanding Lender'~ eoceleration of ehe sums ~ecusedby tbia Mort~e~e, Borrowrer shall heve
the right to have any pmoeedin~s be~un by Lender to enforoe this Mortgage di~continued at any time prior to entry of a judgmeat enforcinn~
this Mortga~e iF (e) Borrower pays Lend~ all tums which would be then due nnder thi~ Mott~age. the Note end notes secnring P1~tnre
Advanoa. it any, had no acceleration occurred; (b) Bonowe~ cures all breacbes of any other ooveaaat~ or a~reemeata of Borrower contained in
this Mortgage; (c) Borrower pays all reaw~iable e:penses ir~curred by Lender in eaforcing the ooveaant~ and a~e~cemeata of Borrow+er
oontained ia this Mortgege and in enforeing I,enda's remedies as pmvided in paregraph 18 hereof. inclnding, but not limited to. naionabls
attoraey's [ees; and (d) Borrower tal~ea euch action as I.ender may reasonably rcquire to a~sure that the lien of this Mort~a~e, Lendar'~ intere~t
in the Property and Borrower's obligation to pay the sums secured by this Mortgage ahall coatinue unimpaired. Upoa ~uch payment and curs
by Borrower~ this Mortgage aad the obligations secnred hereby shall remain ia tull foroe and effect as if ao acoeleration had occnrred.
20. Assi~ament of Rents; Appointment ot Reoeiver. As additional security hercwnder, Bonower hereby awigw to Lender tbe re~b
of the Property, provided that Borrower shall. prior to aeceleration ander paragraph 18 hereof or abandonmeat of the Property. have the right
to coUect end retain such rente as they become due and payable.
Upon acceleration uade~r paragraph 18 hereof or abandonment of the Propecty. Leader shall be eatitled to hsve a reoeiver eppointed by a
oourt to entetLpon. tal~e posseeaion of and manage the Property and b coAect the renta of the Prope:ty. iacluding tho~e pad due. All rents
ooUected by the rec~iver shall be eppGed first to payment of the ooets of manage~nent of the Property aad oollectioa of reata~ incl~~ bnt not
limited to. receiver's fees. pzemiums on rac~iver's bonda and reasonable attor~ey's fees. aad then to the sums ~ecured by Wi~ Mort~a~e.'ILe
receiver ahall be liable to aooount only for those reata actually reoeived.
21. I~Lture Advancea. Upon request by Borrower. Lender, at I.ender's option within twenty years from the date of this Mortgage, may
make Fnture Advances to Borrower. Snch ~ture Advances. wiW interwt thereon, shall be secand by this Mostgage whea evidenoed by
promiasory notes statiag that said Aotes are secured hereby. At no time shall the principal amount of the indebtedness eecured by this
Mortgage. not including sume advaaced in aocordanoe herewith to protect the eecurity of this Mortgage. e:oeed the original amount of We
Note plus U.S.~ NonP
22 Release. Upon payment of all sums sec~red by thia Mortgage. I,ender ahall release thia Mortgage withovt charge to BoTroMrer.
Borrower ahall pay all costs of recordation. if any.
23. Attorney'e Feee. As used in this Mortgage and in the Note, "attorney'a feea" shall include attomey's fces, if any, which may be
awerded by an appeUate rnuiR.
IN WIT[`E.SS WHEREOF. Borrower has executed thie Mortgage.
Signed, sealed and delivered
in the preaence of:
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~ 1Nitness
. . . . . . . . . . .GG . . ~.' . . . . . . . . . . . . . . . . . . . .
Witneas
. . ~~~~C~. . . . . . . . . . . . . . . . . . ~s~~
MARK LIEBL, a si gle adult -~-a
-• ............................................(Seal)
-ea.o.~
STA7'E OFFLORIDA . . . . . . . . . . . . S'C. ' ~.ll'C1C . . . . . . . . . . . . . . . . . . COllilty 88:
I hereby certify that on this day, before ir~e, an officer duly authorized in the atate aforesaid and in the county aforesaid to
take acknowledgements, perso~ally ap~ared ...~!'~rk. Li ebl,..~. sip9J e.ddu1 t. ..... ....................... .. .. ... .
. . . . . . . . . . . . . • - • - - - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , to me known to be the person(e) described in and who eaecuted the
foregoing instrument and acknowledged before me that . ~t6 . ............... executed the eame for the purpose therein
expressed.
WITNESS my hand andlul~ye}al aeal i he county and atate aforesaid this . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . day of
t,~,l. ~t . 19.~/...
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Notary PubLc
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This ~nht=umettt Prepared by:
Thomas H. Henson
ISpare Xelou~ Thu L~ne Rtsvn•ed fo- /.~nd~r and Rrco.de~l
519439
t96! MAR -6 P'~ ~ G I
First Federal Savinge and Loan
Asaociation of Fort Pierce, Florida :33450
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