HomeMy WebLinkAbout148118. Acceleratian; Remodiea. Bscept au pwvided in parasrspb 17 hereot. upoa BorrQwer'~ breacb ot ~ ooveawnt or
a~rcemen~ ot Borrower in thia MortRase. inciudia~ the ooveasnq to py- ~rhea due aay ~um~ ~ecured by tbu ~iorts~e, l.eader
prior to aoceleration shall mail notice to Bormwer iu pe~ovided in pu~rapb 14 hereo[~pecity-lar: (1) the brewcb; (Z) tbe wctioa
required to cure ~ucb brewch; (3) w date, not le~s theu~ 30 d~y~ hotn tbo d~te the ootice b malled to Borrowet. bp whicb wch
breach mu~t be cured; aad (4) thst iailure to cure ~uch breach oa or be[ore tbe da~te ~peciAed W the aoUos may rewlt in
acoelerstioa otthe eua~ ~ecured by thta Mortsw~e. foreclo~ure by judlctal prooeedia~ ~nd ~ale otthe Propesty. The aotk:e ~hall
further inform Borrower of the ri~ht to reinstate aAsr aocelerotioa wd tbe rl~ht to wert ia the loreclo~ure pe~oceedln~ the
non-esistence ot s defsult or any other defea~e ot Bormwe~ to aocelesatloa aad [oreclo~ure. lt t6e bre~-ch L not cured oa or
before the date ~pecified in the notice~ Leader at Lender'~ option may decl~re aU ot t6e wm~ ~ecured by thL Mort~a~e to be
imu~edi~teiy due anc~ p,~y~~ite w iihoui fiirther demanci wnd eaay ~orecio~e iiu~ Moe~is~e by ludicisl proceedi»~. Leader ~h~l be
entitled to collect in such proceedip~ el! expense~ ot foreclo~ure. includia~, but oot limited to. reawaable attorney'~ tees. ~nd
coete ot documentary evidence. abstracta end title reporfs. -
19. Borrower's Rig6t to Reinstate. Notwithstanding Lender i aoceleratioa of the sum~ ~ecured by thi~ Moet~age. Borrower ahaU have
the right to have any proeeedings begun by Lender to enforoe this Mortgage disooatinued at aay time prior b entry of a jndQment enforcing
thia Mortgege if: (a) Borrower pays I.ender all suma which would be thea due nnder this Mort~a~a, the NMe and aote~ ~ecuring Fht~re
Advances, if any, had no soceleration occurred; (b) Borrower cures all breaches of aay other covenant~ or y~reemeuh of Bor~ower eontained in
thia Mortgage; (c) Borrower pays aU reasouable eupenees incurred by Leader in enforcing the oovenanta end aQreemeut~ oi Borrower
contained in this Mortgage and in enforcing I.ender's remedies as pmvided in paregraph 18 hereof. including. but not W~aited Lo. reaaonabls
attorney's fees; and (d) Borrciwer takes such ection aa Lender may reawnably require to aa~ure that fhe liea of thi~ MortQa~e. Lend~'~ intere~!
in the Property and Borrowei s obligation to pay the sums eecured by thia Mortgage shall oontinue unimpaired. Upoa such payment aad cun
by Borrower. this Mwtgage and the obligations secured hereby shall remain in tull foroe and effect a~ if no aooelaratioa had oocurred.
20. Assignment of Renta; Appointment of Receiver. As additional security hereuader. Borrower hereby assi~u b Lender the re~ta
of the Property, provided that Borrower eha11, prior to acceleration under paragraph 18 hereof or ebandonmeat of the Prop~ty. have the right
to coUect and retaia euch renta as they beoome due and payable.
Upon aoceleration under patagraph 18 hrreof or abandonment of the Property. Lender shall be entitled to have a receiver appointed by a
court to enter.upon. take poseession of and manage the Property and b collect the renb of the Property. includin~ tho~e past due. All renta
coUected by the reoeiver shell be applied 5rst to payment of the oosts of managemeaL of the Property and oollection of reat~. inclndinQ. but not
limited to. receiver'e feee, preaaiums on receiver's bonda and reasonable atLorney's fees, and then to the sums ~ecured by this Mort~age.lLe
receiver ehaU be Gable to aooount ~only for those renta actually reoeived.
21. I~ture Advances. Upon requeat by Borrowu. Lenda, at Lender s option withii- twenty years firom the date of thi~ Mortgage. may
make fi~ture Advanoes to Borrower. Such I~ture Advanoee, with intereet thereon, shall be ~ccnred bY this 1Ylort~e8e when evid~poed by
promissory notes stating that eaid notea are eecured hereby. At no time shaU the principal amount of the iadebtedn~ss secured by this
Mortgage, not including suma advanoed in aocordence herewith to protect the security of this Mortgage, e:oeed the original amount of the
Note Qlus U.S.= ~g~~ --
22 Release. Upon payment of all euma secwed by thia Mortgage, I.cnder shall rolcase this Mortgage withoat charge w Borrower.
Borrower ahall pay all coste of recordation, if any.
23. Attorney's Fees. Aa ueed in this Mortgage and io the Note, "attorney's feea ' ehall include attorney's fees, if any, which may be
awarded by an appellate rnurt.
Iti WITNE.SS 1VNERF.OF, Borrower has executed thia Mortgage.
Signed, sealed and delivered
in the preaence of:
. . . . . . . . . . . . °~?: , ~~?'!;`~s;`; . . . . . . . . . . . _
~ Witness
.. 4-~ ...` . .~ ........................ ...
_ ~ Witness
STATE OFFLORIDA~ . . . . . . . . St. . Luci e . . . . . . . . . . . . . . . . . . . . . . . . . County ss:
I hereby certify that on this day, before rr~e, an officer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgementa, peraonally appeared . . PdV] d . M.. . H.irs.cb. .aud .E l.a i ne. M. . Hi rsch, .I1.1.S. W1 fE, . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
foregoing insiniment and acknowledged before me that ... th@y ..... ...... executed the same for the purpose therein
expreased.
WITNES4ymy hand and official,$e C~n the county and atate $~resaid thie . . . . . . . . . 9th• • - - • - - - • • • - - • - • • - - - • day of
........:.:.:';}. .`.f,;~~......_...r~~a......-•---........_. . 19.......
Ny Co~ , ~ ~ io~ ezp~~ -.~ /
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lSpa~t flsduu Th~+ /.inc Xta~~red For LrndPr and Rtt~n-derl
i9~1 M`Q I 2~' 3~ ~~ 4
Thie Inatrument Prepared by:
Thomas H. Henson
Firat Federal Savings and Loan
Association of Rort Pierce, Florida :33450
FIIE~ t-~~ ccC~rJt :1
ST.I ~.II C~i11~~{.~lr.
f?(~GER t'CITftAS
CLENI( CIRC'1l1 CClin~
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5~0210
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ELAINE M. HIRSCH - - - _ -eono"'
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