HomeMy WebLinkAbout115818. Accelar~tion; Remedie~. Bscept es provided ip parats~ph 17 6areot. upoa Borto~ree'~ brewch ot aeq ooveawt oe
a~reeme~t ot 8orrower ia thb Mort~a~e. includla` tbe ooveaaatr to p~y whea due an~- wn~ ~eaired b~r thia ~tori~~s. Leader
p~ior to aooeleration ~hall mail aotice to Bon~ower eu pwvided ln puaRraph 14 h~reot~pe~ityins: (1) the breRCh; (Z) the actlon
required to cure such bresch; (3) ~ dwto. aot lea~ thaa 30 dyr~ Arom the date the aotke b mailed to Boerorver, b~r wbich wdt
bre~cb mwt be cured; and (4) tbat tailure to cure sucb bceacb on or before the date ~pectAed ia the ootioe ma~r result in
acoelerotion o[ t6e sww ~ecured by tbL Mort~a~a foreclo~ure by f udlcial proceailns and oale of the Propert,~r. Tbe aotios ~hall
fluther iaform Borrower ot the ri~bt to reinst~te alter aooslerstioa and the rl~6t to wsrt !n the foreclosurs proceedtas the
noa-e:i~teaoe ot w detault or any otber deteose oi Borrower to aoceleratioo u~d toreclosura Ii the brewcb b aot aured on or
beiore the date ~pecifled ia the notice~ I.eader at Leader'~ option my- decl~re all oithe ~ums ~ecured by t6L Mort~a~s to be
i~nmediately due aad pqyable w ithout fl~rther demand and ms~r [oreclwe this 1[ort~a~e b~r judicial prooeedin~. Leader ~hall be
entitled to collect in ~ucb prooeedins all expen~e~ of loreclo~ure.lncludln~, but not limlted to. reawasble attorney'~ [e~, and
coets of documeatary ovidence~ ~b~tracts u~d title reporta.
19. Borrower'~ Risht to Reinaute. Notwith~tanding L.ender's aoalerationoithesam~~ecured by t!-iw Mort~age, Eiorro~-er~hall heve
the right to have any pmceedings begun by Lender to enforoe this Mortgege diseoatinued at any time p~ia to ~try oi a jud~ment enforci~~
this Mortgage if; (e) Borrower pays Lender all eums which w+ould be thea due under thi~ Moat~a~e. the Note end notea ~ecuring I~ture
Advanas. if any, had no aoceleration oc~urred; (b) Borrower cures aU breaches of eny ot~er ooven~nt~ or a~reements of Borrower ooatained in
this Mortgage; (c) Borrowa pays all reaeouable expenses incurred by Lender in entorcin~ the oovenanta sad s~reemeAb ot Borrower
rnntained in thie Martgage and in enforcing Le~der's remedies as pmvided in paregraph 18 hereof, includiag. but aot limited to. nawnabls
ettorney's fees; and id) Borrower takes such action as Lender may reasoaably require to a~snre that the liea of thi~ Mort~age. I.~der'~ interest
in the Property and Borrower's obUgation to pay the aums iecured by this Mortgage ahall cantiaoe unimpaired. Upon suchpaym8nt and cure
by Horrower. this Mortgage and the obligations secured hereby shall resaain ia fnll faoe and dfect as if uo aooelaratioa ha~d oavrred.
Z0. Assi~nment of Rents; AppoiAtmeat o! Receiver. As additional eecurity henunder. BorroMrer hereby ewi~u b Leader the re~ts
of the Property. pmvided that Borrower shall, prior to aoceleration under paragraph 18 henof ar ebandonment of the Propaty. have the sight
to coltcct and retain such rents as they become due and payable.
Upon eooeleration uader paragiraph 18 hereof or abandonment of the Property, Lender shaU be entided b havs s reoeiva appointed by a
rnurt to enter~pon, take poeacesion of and manage the Prope:ty and to ooDect the reab of the Property. iacludin~ tho~e part dne. All nnt~
ooqected by the r~eceiver shall be appUed firet to payment of the oosts of management of the Propetty and ooUection of r~t~, iacludin~. bnt aat
lunited to. reoaver's fees. premiums on re~xiver's boads end reasonabk attoraey'r fas, aad then to the snms ~ecured by t1-is Mo:t~age.lUe
reoeiv~ shall be liable b acaount only for those rente actually received.
21. Ptittnre Advance~. Upon request by Bormwer, Lende:. at Leadefs option within twenty years trom the date of thii Mortgage. may
make Etitun Advaaces to Bormwu. 3uch Pht~ue Advanas. with int~erest thereon. shaU be ~ecured by thi~ Mortgege whea evideaoed by
pmmiswry aotee stating that said notea an eecared hereby. At no time shall the principal amount of tha indebtednese ~ecund by this
Mortgage. not iaclu eums advanced in socordance herewith to protaci ihe ~utity oi Yhis i~iazzgage, ezcasd ihe otibinal smi~i -vf u`te
Note plns U.S.~ ~One
22.- Relea~e. Upoa paymmt of all sums secured by this Mortgage. Lender shall nlease this Mortgage withoat charge to Borrower.
Borrowet shall pay all coste of recordation, i[ any_
23. Attorney's Fees. Aa used in thia Mortgege and in the Note, "attomey's fees" shall include attorney e fees, if any. which may be
awarded by an appellate court.
IN WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
~
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. .. ..1: . ~~~..- ~ ~ .. ~. .. . . . . . . . .
, - ) ; Witness
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Witneas
. .\~ ~ Ct~,~ . .. . . . . . . . . . . . . (seal>
ALICE M. GA~, a in e adult -~-R
..............................................(Seal)
-RO~}OfR
$TATEOFFWRID/~ ....... ......St. Lucie...--•--.......... y
Count ss:
[ hereby certify that on this day, before irie, an o~cer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgements, ~~onal~y appearea . . A1 i ce_ M,. ,Gage,. .a. s i ngl e .adul t , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the peraon(s) deacribed in and who executed the
foregoing inatrument and acknowledged before me that _...S~l~. :. .. .. .. _. . executed the same for the purpose thetein
ex ressed.
P ~ ~~
WITNESS my hand and official se 1 in the co nty and state afor aid this .. .... .... ..~ ... ...... ..... .... day of
........................ ........'~~a:t~......... . ~9. ~~.
~+Iy Commission expires: ~~ ~liic, ~ ~ ~~ ~ ~
i: ,~tleattqr~~ ~.a..~.~;,E~~~,~ ~ ~12
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Thie Inatrument Prepared by:
Gary Ellwood
. . . . . . l;~ .~ . . . . .~,r. . _ . . . 1 . .c~ - -
Notary Public ' ~
~Span Beluu~ Th~s Line R~arrred tor Lendtr and Rteurdhl
Firat Federal Savings and Loan
Asaociation of Fort Pierce, Florida :~.'~450
1981 NAR I 2 1,~ I~ 00
~IlEO tHC ~fCOFOFO
S1.lUf.lf CGUv"~ it A.
RCGER POIiRAS
CLEBK CInCi11T CCt1Re'~
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a-
52t~2"~
~ • ~;;~~ 350 ~a~E 1157 m~
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