HomeMy WebLinkAbout14771& Acceleratloa: Remedie~. R:c..-~,t As provided tn pura~r~ph 17 l~eroot. u~oa Borrower's bra~:fr uf ~iuy wveasni or
a~eement of Borrower in this Mort~ey~e, inoludin~ the ooveaRnta to pal- whea due ~a~- wuna ~ecured by thla Yort~~e.l.endeir
psior to accelerstion ~hall mall notice W Borrower eu prnvided ta patwsraph 14 he~eof specityria~: (1) the bseacb: (Z) the actlau
required to cure ouch b~each: (3) w date, ~ot leaa tban 30 d~y~ hom the date the notioe b wdled to Borrower, by rvbich wch
breach mwt be cured; and t4) that failure to cure ~uch breach on or betore the date ~peciAed in the notios mrU- rewit ta
acoelerstion of the auau ~ecured by thb blort~~e, foreclosure by /ndicial prooeediA~ and sale oithe Property. T1~e notice ~baU
turtber inform Borrower ot the ri~ht to ceiaetate efter aooeler~tion aad the ritht to as~ert in the lorecloaure proc~eedin~ the
non-existence o[ a de[ault or any other deten~e of Borrower to woceleratloa aad foreclosure. If tha brewch L not cured on or
befoee the date speciAed iA the nol~ce. Lender st Lender'~ optio~ may declare ell oi the sums secetred by tlsis ~ort~s~8 to be
immedietely due aad pe~able without furthee demand and ma~r foreclose tWs Mort~ye by judkisl proceedins. I.eAder ~h~ll be
entitled to collect in such proc~edi~g all expense~ otforeclo~ure. Includln~. but not ll~ited to. reawaable ottoraey'~ [~. and
coste ot docum~ntary evidence, abetracts and tit2e reports.
l9. BosTOwer's Ri~ht to Reiestate. Nolwithstanding L.ender a acoeleratioa of the ~u~u ~ecured by thi~ Mort~age. Borrowrr ~hall have
the right to have any proceedings begun by I.ender to enforce this Mortgage di~contiaued at aay tima piior to eatcy ot s judgment enfunyn~
this Mort~age it (a) Bore~ower peys l.end~ all sums which would be then due under tiw Mort~a~e, the Note sad notes ~ecuring I~tun
Advances. if any, fiad no acceleratioa occurrod: (b) Borrower curee all breaches of any other oovenants or a~reemenb of Borrow~ rnntained in
this Mortgage; (c) Bacrower peiya all reasouable expenses incurnd by Leader in enforcing the covenant~ and agreemeata of Borrower
oontained in this Mortgage and in enforcing I.ender's remedies as provided in paragraph 18 hereof. includiag, but not Umited W. reawnable
attomey's fees; and (d) Borrower takee auch action as Lender may reaeonably nquin to assure that the Gen of this Mortgage. Leader's iatet~t
in the Property and Borrower's obligation to pay the eume secured by thia Morigage shall contiune unimpaired. Upon such paymeat und cure
by Borrower. this Mortgage and the obligatione secured hereby shal! remain in full focce and efEect as~if ao acceleration had oocurred.
20. As~igament of Rents; Appointment ot Receiver. As additional security hereunder. Borrower hereby assigns to Lender tbe rent~
of the Property, provided that Borrower shall, prior to aeceleration under paragraph 18 hereof or abandonment of the Prope:ty. have the right
to collect and retain such nnta aa they become due and paysble.
Upon aceeleration under paragraph IS hereof or abandonment of the Property. Le~der shail be entided ta have a reoeiver appointed by s
oourt to enterLpon, take poeseseion of and manaBe the Property and to oollect the nnta of the Property. including thwe past due. All rents
coUected by the receiver shall be applied first to payment of the ooets of management of the Property and ooUection of rent+r. includin~. bnt aot
limited to, receiver's feea. premiume on rcceiver'e bonde and r~sonsble attomey's Eeea, and then to the rums oecured by thi~ Mortga;e. Th~
receiver ehall be lieble to acoount only for thoee rente actually re«ived.
21. FLture Advancee. Upon request by Borrower. Lender. at Lender e option within tN-enty years firom the date oithis Mortgaee. may
make [~ture Advances tp Borrower. Such I~ture Advancee. with interest thereoa. shall be secured by this Mortga8e when evidenoed by
promissory notes stating that said notes are eecured hereby. At no ume shall the prinapa~ amount of the indebtedc-~ss secured bY thsa
Mortgage, not including snms advanced in socordenoe henwith to pe~otect the sec~uitY of this Mortgage. exoeed the original amount of the
Note plus U.3.
22 Release. Upon payment of all sume eecured by this Mortgage. Lender shall release thia Mortgage writhout charge to Boreowa•
Borrower ehali pay all costa of recordation. if any_
23_ Attorney'e Feee. Aa ueed in thie Mortgage and in the Note, "atfnrney'e fees" ehall include attomey'e fees, ii any, which may be
awarded by an appeltate court.
(N W~TNESS WHEREOR Borrower has executed Lhis Mortgage.
5igned, sealed and delivered
in the presence of:
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... ..... ... ....~.1:... ..~yJ ...
/~ Witnese
".... -uo:~-~... ~:. .~.~.~.~- ...
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~vicnega
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fy~, .~,' ~ ....... (S@a~)
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~OHN A. 0 DEN ~B°"°`~
`~ . . . .~.-~.~~"'~ . ? //• -~/• •`~ • • • . . . . . . . . (Seal)
JAN N{;~OGDEN ~ ~ -"~`~f ~
St. 'LuCie County ss:
STATE OFI'IARIDA ........ ...................................
I hereby certify that on this day, before tue, an otficer duly authorized in 1he state aforesaid and in the county aforesaid to
his-wi-fe --•-
take acknowledgements, personally appeared . . . ,~0~'lJl . A. . llgden. and .Jan . H.. . (~dP.11, • -, - • • • • • • • • • • -
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - - - - - - - - - - - - - - . . . . . . , to me known to be the peraon(s) deacribed in and who executed the
foregoing instiument and acknowledged before me thal _they- -•••••-.••••• executed the same fo~ ~ e purpose therein
expressed. -
........ .........
WITNESS my hand an ' I seal in~ e county and state aforesaid this ...........~
.................•--.......~~~~~_~-:~~!!.•......._._.... , 19.-~-~ .
1~Iy Commiasion expires: ~~r Aiit, Sble of Flaida ~t tar9~
~~i~i~st~e»t~rp Mfr Co~'"'ssw~ E'pres No'. t6. 1982
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. ... Notary Public
~ 3~,~ ,~ (SPOfP HPIU LL Th~4 /.~nF Hesrr~~td Fu- / endt- and Remrdvrl
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Asaociation of Fort Pietce, F'lorida 33450 __.
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