HomeMy WebLinkAbout116218. AccelerAtioa; Remedie~. ~scept ~a provided i~ puw~raph 17 hereot. upon Borrower'~ breach ot aap ooveasat or
stroeme~t of Borrowe~ ia thb Morts~e. lncludla~ the ooveaaata to pyr wrh~a due sny ~~ecured by thl~ Yortsa~e, I.eoder
prtor to aoceler~Uoa ~hall mall aotioe to Borrower ~ pmvided io pua~ra~h 14 hereot~pedtyinL: (1) ~he bre~cb; (Z) the wctba
requlred to cura wch breach; (3) ~ d~t0. not ~e~a thsn 30 d~,y~ Awm the date We notke ia mailed to Borrower. bp w6kh wcli
bre~ch must be cured; and (4) th~t twllure to cure such bMacb oa or before the date speclAed in the ootlos au~ result In
wcoeleration otthe ~unu secured by thb !lort~a~e. toreclosure by judiclal proosedin~ wd ~ale of the Proper4jr. The aotice ~6aU
f~rther Inform Borrowee o[ the ri~bt to reia~tate aAer ~ooeler~tloa aad tbe risht to wert ia tbe foreclo~ure proceedte~ the
noa-e:i~tence ot w default or aw- other delewe o! Borrower to ~oceleration aad fateclwuse. I~ tbe bseach i~ aot cured oa or
be[ore the dete ~peciAed ia the notice. Le~der at Leader'~ optioa m~,~- declare ~il of We suau secured by thi~ Mort~a~e to be
immedletel,y due aad pqyable without [urther demand and mq foreclwe thL Nort~ye by iudicial pwoeedin~. Lender shall be
entiUed to collect ia ~uch pro~,~eedia~ ell espe~ue~ ot foreclo~ure, Includin~. but aot Ilmlted to. rea~onable attoraey'~ faes. ~-nd
coats oi documeatery evidence. abstract~ and title reporta.
19. 8orrower'~ Ri~ht to Rel~utate. Notwithstanding Lender'~ aocelere~tion oithe sum~ ~scured by this Mort~e~e, Borrower shall have
the right to haoe any prooeeding~ beQurt by Lender to enforoe this Mortga~e diicoatinued at any time peio~ to entry of a jud~ment enforcin~
this Mortgage i! (s) Bormwer pay~ Lender all suau which would be then due uader this Mort~a~a. We Note end note~ ~ecuririg I~ture
Advanoes. if any. had no acceleration occurred; (b) Borrower cureo all breaches of any oWer rnveaanb or ~reements of Borrow+e: oontained in
this Mottgage; (c) Borrower pays all reaso~iable e:pensee incurred by Leader ia eaforcin~ tbe oovenanb and agraemenia of Borrower
contained iA thi~ Mortgage and in enforcing Lender's remedies as provided in persgraph 18 hereof. including, but not limited to. reawnabls
attomey's tees; and (d) Bon~ower takes euch action aa I.ender may reasonably require to as~urs that We liea of thi~ Mortga~e, I.ender'~ intered
in the Property and Bormwer's obtigation b pay the sams eecund by thu Mortgage shall oontinue unimpaired. Upon such paym~t and cnre
by Borrower, this Mortgage and the obligations secured hereby shall remain in full foroe and effect as i! ao sooeleration hed oocurred.
20. Assi~ument ot Reats; Appointmeat of Reoeiver. As additional eecutity heraunder. Borrower he~eby aiaig~u t~o I,ender tbe renta
of the Property. provided that Borrower ahall. prior to aooeleration under paragraph 18 hereof or abandonment of the Property. have tbe ri~ht
to coUcct and retain such nnts aa Wey become due and payable.
Upo~ seceleration under paragraph 18 hereof or abandonment of the Property, Lender shell be eatided b have a reoeiver appointed by a
court to eaterypon. take posseseion of and manage the Property and to coUect the renta of the Property. includin~ tho~e pa~t due. All nats
ooUected by the receiver shall be applied first to payment of the ooefa of manegement of the Propeity and caAectiot~ of rents. iacludina. but not
liauted to, nceiver's fees. pnmiums on reoeiver's bonda and reasonable attomey's fees, aad then to We ~uma ~ecvred by this Ma~t~a~a. The
receiver shall be tiable to acoount oaly for lhose rents adually received.
21. PLture Adva~es. Upon request by Boreower, Lender, at I.eade~a option w~ithin twenty yean trom the date of this Mortgage. may
make fliture Advances to Borrower. 3uch ~ture Advanoes, with interest thenon, shal! be ~ecured by thu Mortgage whe~ evidenoed by
prumiseory notes stating ti~at said noi~ea are secured hereSy. e~i ao time ahal! th~ printiga! a~su-1~L af ~ ir.~~='~neaa ~ss~ ~Sy ilia
Mortgage, not including soms advanad in aocordanoe henwith to protect the sec~uity of thia Mortgege. e:oeed the original amount of the
Note plus U.S.=
22. Releaoe. Upon payment of aU suma secured by thia Mortgage, Lender shall rel~se thie Mortgage without charge to Borrow~er.
E3orrower shall pay all costs of recordation, if any.
23_ Attorney's Feea. As used in thie Mortgage and in the Note, "sttorney's feea" shall include atLorney's feei, if any, which may be
awerded by an appellate rnurt.
IN WITNESS WHEREOF. Borrower has executed thie Mortgage. .
Signed, eealed and delivered
in the preeence of:
/<~~.... ~'.. . . ` .........
. . . . . . c.. . .-~ . ,c.1 • ~,,~:~ .
Witnesa
~
....... .. . . ... .......... Witnesa
~~'~~-~'
St. Lucie
STATE OFFIARIDI~ . . .. . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COURty 88:
I hereby certify that on this day, before rr.e, an officer duly authorized in the atate aforesaid and in the county aforesaid to
take acknowledgements, peTaonal~y ap~ar~d . . . . . Stephen .M.. .Reiuwer. ,. .a . si ogl e. .ad~l t, . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . to me known to be the peraon(s) deacribed in and who executed the
foregoing inatrument and acknowledged before me that .ll@ . . . . . . . . . . . . . . . . executed the same for the purpoae therein
expressed. / ~
WITNESS my hand ~nd ial aeal i the county and atale ~resaid this .. .... ... .~(/ . ....... ... ....... .. day of
----~ ...................~~~c1_.~`~-•--............. . 19..~~...
:Ny Commiasion expires: ~~ p~, y~ ol il~id~ ~t L~
,~~~«~„~,
`~~~~~~ ~. !~t~~~ i~r Cow~isw~ E.~es 11~.. 16, 1982
`~ ~~, s y~'~ bMN h•~,rw. ~.. t c.. . ,
:,• t~•V ~~~~ - •~~~~~~j r/
f•~ ~~'
; ~ j~~ ; ,q 1~ ~ r ~:. ~
~ ; ~tr ,~- - : =
. .~- i~.~, ~F ;i ~ '~
~,~.,p U g ~ ~ :; ; ~, •
' ~/` ~j~ ~~ 1'~t~`•
!
~`~.:. F~ ,. .. ~ .
Thie Inatrument Prepared by:
--~~'.~~.-~.. -/. .... ... ... (s~~
ST N M. REUWER, a s ngle adult -~-R
..............................................(Seal)
-ts~o.~
...~/.~:~-~~....,~........ ...:~, ........ .... .
~~ Q~_a~l~
ry
/Spac~ Hrl~~u Th.s /.tnt Res~ro~d F'or /.~ndtr and Httvrde-/
Jerrv G. Litrento
Firat Federal Savings and Loan
Association of Fort Pierce, Florida :33450
~,~ ~50 ~~~E 1~.61
~~l~~~
52O02g
~,~~
.~
_
~.Y_
~r..- _ . _ .
19~ NIIR I 2~!s (~ 00
~ILEC ~NC ~CCURGED
S1.I.UCIE COUNiY.fl A.
ROGER FCliRAS
CLEkK CIRCUIT CQL~
r ; ;f :;t 1 ~ F 1'- •
~
_~
. _. ~.~~