HomeMy WebLinkAbout049118. Aoceleration; Remedieo. E:cept u provlded ia para~~ph 17 hereot. upoa Horeower'~ breach ot aay ooveaant or
a~reemeat ot Borrower in thL Mort~w~e, includia~ tbe oovenanta to pa,r whea due aq~r sum~ secured by thL ~lort~a~s. Lender
prior to wooeleratloa ~hall matl notice tu Borrower a~ provided IA pua~r~ph 14 heceoi~pedyi~~: (1) the bre~ch; (2) the actloa
reQutred to cure ~uc6 breacl~; (3) e date. not lew tban 30 da,y~ tfrom the date the notke L uaalled to Borrow~er. by w6ich such
breach mwt be cured; and (4) th~t fwlture to cure ~ucb breacl~ on or before the date ~peciAed in tbe noUos mw re~ult in
aooelentton ot the sww ~ecured by thL ltort~ey~e. foreclwure by )udtcid prooeedlni and ~~le of the Propeety. T6e aotice ~hall
turther intora~ Borrowrer ot t6e ~i~ht to reLutate ~fler aooeleratton aad tLe rl~ht to wert ia t6e foreclosure proceedln~ the
noa-e:Ltence of a detault or any other defease ot Borrower to aoceleradoa and foreclwure. If tha breecb i~ aot cured oa or
before the date ~peclAed ia We aotice, Lender st I.ender'~ optioa aawy declare all o! the wm~ ~e~vred by t61s ~[ort~a~e to be
immediaeel~- due and pqyable without further demand aad may toreclwe tl~ia Mort~~e by judlc[al prooeedin~. Lender ~ball be
entltled to oollect in such pcoceedia~ all e=peases of foteclwure. includia~, but not llmited to. reawaable dtoraey'~ tee~. end
co~ts ot documentary evideace. ~bstracts end title reporta. ~
19. Horrower•~ Ri~ht to Retastwtw. Notwith~tanding I.ender's sooelerstion of the sutw ~ecured by thia Mo~age. Borrower shall have
the rigbt to have any prooeeding~ begun by Lender to enforoe thia Mortga~e disoontinued at ~n,y time pri~ to entry of a judgm~t eniorcing
thia MortgaQe iF (a) Bormwer pays Leader all sums which would be thea due under thi~ Mort~a~0. ~e Nob aad aotes ~ecuring Pliture
Advaaees. it anY. had no acceleration occurred: (b) Borrower cures all breaches of aay other oovenent+~ or ~greemenb of Borrowar contained in
this Mortgage; (e) Borrowrr pays ap ~easoi~able ~penses incurred by Lender in enforcin~ the oovenants and a~reement~ of Borro~rer
oontained in thia Mortgage and in e~forcing Lender's remedies as provided ia paragraph 18 hereof. including. but not limited to. rea~onabls
attorney's fces; and (d) Borrowe~ takes such action as Lender may reasonebly require to asaurelhat the liea of this Mortgage. I.ender'~ interad
in tha Propaty and Borro~ver's obligation to pa~y the sums secured by thia Mortgage shalt oontinue unimpaind. Upon ~uch pqyment and care
by Borrowa. this Mortgage and the obligalioaa secured hereby shaU nmein in tuU foroe and dfect aa if ao aooeleration had oocnrred.
20. Api~nment ot Rents; Appointment of Receiver. As additional eecurity hereander. Bormwer hereby as~ign~ t~o I.ender the senta .
of the Property, ptovided that Borrower shall. prior to aoceleration nnder paragiraph 18 hereof or abandonment of the Propesty. have the right
to coUect aad retain such renta as Wey become due and payable.
Upon acceleration under peragraph 18 hereof or abandonment of the Property, Lender shall be entided to have a reoeive: appointed by n
court to eatera~pon. take posseeaion of and menage the Property and to coUect the renta of the PropeztY. including Waee pad due. All rents
oollerted by the reoeiver shaU be applied 6rst to payment of the ooeta oimaaagement of the Property and oollection oir~ta, iacludin~. bnt not
limited to. receiva's fces. pr~miuma on receiver i bonds and reaaonable attorney'a fees. and Wen to the sums eecured by this M~age.lLe
reoaver ehaU be liabk to acoount only for thoee rents actually noeived.
21. PLture Advance~. Upon requ~et by Borrower. LeAda. at Lendei's option within twenty years firom the date of fhis Mortgage. may
make I~tnn Advanaes to Borrower. Snch F1d~re Advances, with iatemst thereon. ~hall be secnred by thi~ Mortgage nhen e~videaced by
promiswry not~es stating that said notes are secured hereby. At no time shaU the principal amount of the iadebtednas secured by this
Mortgage. aot including sumel~dvanoed in aooordance herewith to protect the sec~uity of this Mortgage. e:oeed Lhe original aa-ount of the
Note plus U.S.i none -
22 Release. Upon payment of all eums secured by this Mortgage, Lender shall release this Mortgage vrithoat charge to Borrower.
Borrower shall pay all coata of reoordation, if any. ~
23. AtWrney's Fees. Aa ueed in thie Mortgage and in the Note. "attorney's feea" ehall include ettorney's feea, if any. which may be
awarded by an appellate court.
IN WITNESS WHEREOF. Borrower hae esecuted this Mortgage.
Signed, sealed and delivered -
in tbe presence of:
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Witneas
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W~LLIAM~U. CR E -e«*~-R
,~~c~'~ ~ ~~%l:e?.C..C~ ~ . . . . . . . . . cse~~
. JANICE E. CROWE ~ -BOfOwer
St: Lucie Count ss:
STATE OFFIARIDI* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . y
I hereby certify that on this day, before rr~e, an officer duly authorized in the atate afor~said and in the county aforesaid to
take acknowledgementa, peraonally appeared . .1dI LLI AM. D. . GRO1dE . aqd .JAN I CE . E. . CROWE ,. -hi s •wi•~e•r • ~ - • • • • • -
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(8) described in and who executed the
foregoing inetrument and acknowledged before me that _...~t1.4Y. .... .._... executed the same f~the purpose therein
expresaed. /
WITNESS my hand a~d offici seal in t~ county and state af~esaid thie . . . . . . . . . . . . .4~: . . . . . . • • • • - • • - - • • • • day of
.............................~ .G~-t,Gf.l............... , 19.1J l
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~!y Commi$sion eu ires: p~ry ~is. SU1t r1 ~ii r~ , ; •
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This Inatruaue~t Prepared by:
Thomas H. Henson
First Federal Savinge and Loan
Aseociation of Fort Pierce, Florida :33450
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