HomeMy WebLinkAbout048718. Accelerattoa; Remedies. i.'ssoept sa pcovided in paryrapb 1~ hereof. upon Borro~-~e'~ breach ot sa~- ooveaant ~
a~reemeat of Borrower ia tbL Mort~a~a, Iacludta~ the ooveaapta to pa,~r w~headae ~n~- sum~ ~e~ured by thi~ Yort~a~e.I.eader
prior to e~oceleration ~ball m~Il ootioe to Borrowee w provided la puasrap614 hereof ~pecltyriar: (1) the breacL; (Z) tbe wction
required to cure aucb breach; (3) ~ d~te, aot lee~ thaa 30 dp,y~ t~om the date the notice L a~aUod to Borrow-er. by w~hk6 such
breach mud be cured; and (4) thwt tatlure to cure ~uch breacl~ oa or before the dwte ~peciAed in t6e aotios myr r~wlt le~
acoeleration of W e sum~ secured by thL ~[ort~a~e, toreclwure by judfci~l prooeedin~ ~nd s~le of the Propert~r. Tbe aotloe shaU
fl~rther ta[orra Bormwer o[the rlsht to reiadwte aRer wooelentloa ~ad the rl~t to wert ta t6e [oreclwure proosedin~ the
noa-exlstence of a de[ault or an~r ot6er detea~e of Borrower to ecceler~doa aad foeeclowra It the breac6 b oot cured on or
before the date speciAed in tbe aotice. Lender at Lendar'~ option msy decl~re all oithe wm~ secured by thb Yort~a~e to bs
immediately due and psysble without tl~rther demwnd and mqr [oreclo~e this Morts~e b~- judicial prooeedins. Lender ~ball be
entitled w collect ia such proc~eedin~ all espense~ of foreclosure. tacludins, but aot Umited to. reawnable attorney's [ees. aad
costs ot documeatary evideaoe, ab~tracts and title reporb.
19. Borrower'~ Ri~ht to Reiastate. Notwithatanding I.ender's aooelerstioa of the suao~ ~ecured by thi~ Mort~a~e. Borrow~er shall have
the right to heve any prooeedin~s begun by Lendar to eaforoe this Mortgage di~continned at aay tiane ptior to eatry of e jud~meat enforcin~
this Mortgage if; (a) Borrower pqys Lead~ sll sums which would be then due nnder thi~ Mart~y~e, the Note aad noLes ~ecwriaR i~htore
Advance~. if any, had no aoceleratiop oocurred; (b) Borrower cune all bnache~ of any oWer oov~aat~ or asnem~t~ of Borrower oontained in
this Mortgage; (c) Borrowes pays aU reasouable espenses incurred by LeAder in eafor~ang We oovenanta end agreemeata of Borro~r~
ooatained in this Mortgage and in enforring Lender's remedies as pmvided in pan~raph 18 hereo~ inclnding, bnt not limited to. r~asonabls
attomey's fea; and (d) Borrower takes auch action as Leader may reasonably require to aesure that the lie~ of this Mort~age. I.end~'~ intere~t
in the Prope~ty and Borrower's obligatio~ to pay the ~ums secured by this Mortgage shall coatiaue unimpaired. Upon such payment and cure
by Borrower. this Mortgage aad the obligatione secvred hereby shaU r~ain in tuU force and eitect as if no aooeleration he-d oocu:red.
Z0. Assisnmeat of Renta; Appointment ot Reoeiver. As additio~al security henunder. Borrowar hereby assi~ns to Lendat the reata
of the Property. provided Wat Bormwer shall. prior b sooeleration under paragraph 18 heseof or abandoament of the Property, have the sight
to collcct and retain such renta as ehey become due and payeble.
Upon acceleration under paragreph 18 hezeof or abandonme~t of the Proprrty. Lender shall be entitled to have e recxiver appoiated by a
oourt to eater~upon. take possession of and manage the Property and to rnllect Lhe reats of the Prope:ty. inclnding tho~e part dne. All renb
ooUected by the reoeiver shall be applied 6nt to peyment of the ooets of manageaaent of the Property aad oullection of reats, includin~. bnt not
timited to. reoeive!'s fees, p~emiuma on noaiver's bonds and reasonable attorney's fees, and then to the aams ~ecured by t6i~ Mort~a~e. The
reo~ver shall be liable to aooount only for those renta actually reoeived.
21. F~ture Advancea. Upon request by Bo~rower. I.end~. at Lender's option ~rithin twenty yean from the date of this Mortgage. may
make ~tun Advanoes to Botrower. Such PLtun Advances. with interest thereon. shall be secund by thi~ Mortgege when evidiepoed by
promissory notes stating that said notes an secured hereby. Ac no ame .hall the principel amount of the indeM~edne.. secured by cbis
Mortgage. not inclu~gnaems edvanaod in aocordanoc heTewith to protect the security of Wis Mortgage. e:oeed the original amount of the
Note plus U.S.i ~
22 Release. Upon payment of all sums eecured by this Mortgage, Lender shall release thia Mortgage ~vithout charge to Borrower.
Borrower shall pay all coats of recordation, if any.
23. Attorney's Fees. Aa used in thia Mortgage and in the Note, "attorney's [eee ' shall inclade attorney's ices, if any. w~hich may be
awarded by an appellate court.
I:v WITNESS WHEREOF, Borrower hae executed this Mortgage.
Signed. sealed and delivered
in the preeence of:
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~ Witness
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Witness
~- ~~W~'~`~!,./~ / ~ . ~
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INALD DALE FURTAH, III -~-~
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~'stt~yn.t.'`~...Gl..... f..l~~'L-•C~....... (Seal)
CARhEN C. FURTAH -B°'~°"~
St. Lucie
STA7'E OFFIARID/~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..} . . . . County ss:
I hereby certify that on this day, before ir~e, an officer duly authorized in the state aforeeaid and in the rnunty aforesaid to
take acknowledgements, pereonally appeared ..BEGINALD .DALE• .FURTA~~ - ~I•~ I•; • a+'-c~- CARMEN~ -E:• -Fl1RTAH;- • • • • - • • •
. . . . . . . . . . . . . . . . . . . . . . . . b i.s . wi fe, . . . . . . . . . . . . . . . . , to me known to be the peraon(s) described in and who executed the
foregoing instrnment and acknowledged before me that ..they- ••••--•••••• ezecuted the same for the purpoee therein
expreased. ~
WITNESS my hand an ~~al seal i he county and atate aforesaid thie . . . .. . . . . . . . ~ . . . .. . . . . . . .. .. .. .. day of
. . . . . . . . . . . . . . . . . . . . . . . . . . .!i9/. .4t .G[' ..~JI. . . . . . . . . . . . . . . . . . , 19. $~
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This I~truq-ent ~repaied by:
Thomas H. Henson
Firat Federal Savings and I.oan
Aasociation of Fort Pierce, Fiorida 33450
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ST.LIJCIE GuUY' Y.1; A.
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