HomeMy WebLinkAbout14851& Accelerwtion; Rewedicw. Escept e~ prnvided ia para~r~ph 1? heceot. upoA Borrower'~ breacb ot aa~- coveaaat or
a~reemrnt ot Bosrovrer ia this ~ort~s~e. iacln~in~ thc ao~ cneats to psy ~rl~$a dus aay snms secured by this ~art~taie. Leader
prior to aoceleration ohwll meil notioe to Borrowe~ as provided [p puMraph 14 h~eot~pecityiat: (1) the bse~c6; (Z) tbe action
required to cuw ouch brewch; (3) a dete. aot lew than 30 d~y~ t1~om the date the aotioe b mailed b 8orrow~es. by whicb wch
brepch mud be cured; and (4) that faUure w cure wch breacb oa or befors the d~te ~peciAed ia the aotlos a~~,~- rewlt ia
acceleraNoa o[t6e suau ~ecured by thL Mort~ase. foreclwure by judlcial prooeedln~ aad ule otthe Propert,p. Tbe aotice ~b~ll
f~rther inform 8orrower ot the risht to reinstate ~her aoceteratloa ~nd the ri~ht to wert ia tbe toreclo~ure proceedla~ the
noa-esiste~ce ot a de[ault or aay otber deterue of Borrower to aoceler~tion and foreclo~ure. lt the breacb L uot cured oq or
betore the date ~peciAed ia the notice. Lender at Leader'~ optioa may declare aU o! the ~wns ~ecured by thb Mort~~e b bs
immediutely du~+ and peyable without furtherdeensnd end oi~r toreclu~e shis Mort~a~~ by judlcle! groc~edla~. Lender eha!! ba
entitled to oollect in such procet,,din~ all espeaseo otforeclo.ure. includln~. but aot limited to. reasoa~ble ~ttorney's tee~, aad
coets of documentary evidence. abetracta and title reports.
19. Borrower'o RIt6t to Reinstate. Notwithatanding l.ender i aoceleration of the suma ~ecund by thi~ MortQaQe. i3orrower shsll heve
the right to have sny proceedings begun by Lende: to eaforce this Mortgage diaoontinued at aay time prior b eatry of a jndgment eaforring
this Mortgage if: (a) Borrower pays Lend~ all sums which would be then due under ttuw Mort~a~e. the Note and notes ~ecuring I~tun
Advances. if any, had no accele~ation occurred; (b) Borrower cures all bnaches of any other ooveaanta or asreemente of Borrower coatained in
this Mortgage; (c) Borrower pays all nasouable espenees incurnd by Lcader in enforcin~ the oovenanb aad ageeemeats of Borrowa
oontained in this Mortgage and in enforcing Lender's remedies es provided in paragraph 18 heseof. includit-g. but not limited b. nawnabls
ettorney's fees; and ld) Borruwer takes such action as i.ender may naeonably requin to as~un that the liea of this Mortgage. I.endar'~ inten~t
in the Pcoperty and Borrower a obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upoa such payment aad cure
by Borrower. thie Mortgage and the obligatione eecured hereby ahall remain in fuU foroe and effect as if ao aocel~ation had occurred.
20. Asai~nment ot Rents; Appointment of Receiver. Aa additional security hereunder. Borrowet haeby as~igas to I.ender the r~t~
of the Propertyr, pmvided that Borrower shall. prior to acceleration under patagraph 18 hereof or abandonma~t of the Property. have the right
to coUect and retain such nnts as they become due and payable.
Upon acceleration under paragraph 18 hereof or ebandonment of the Property. Lender shall be entitled to have a reoeiver appointed by a
court to eater~pon. take poaaeaaioa of and manage the Property and to oollect We rents of the Property. inclnding those past due. All renb
ooUected by the receiver shall be applied fust to payment of the eosta of management of the Pmperty and oollectioa oirenta. iacludia~. bnt not
limited to. receiver's fees, premiuma on receiver's bo~ds and reasonable attomey'e fees. and then to the ~ums ~ecured by this Mortgage.'14se
receiver ehall be liable to aooount only for Lhose rents actually reoeived.
21. PLture Advances. Upon requed by BorroweT, I.ender, at Lendefs option within twenty years trom the date of this Mortgage, may
make I~ture Advanoes to Borrowrer. Such I~ture Advancee. with interest thereon. ahall be ~ecured by thir MortgaBe when evideaeed by
pmmissory notes sLating that said notea are secured hereby. At no tune ahall the principat amount of the indebtednese securad by this
Mortgage, not including eums advanced in aocordance herewith to pmtei.K the security of this Mortgage, e:oeed the original amount ot the
Note plus U.S.i Nnru~ -
22 Release. Upon payment of all aume securcd by this Mortgage, Lender shall release this Mortgage without charge to Borrower.
E3orrower ahall pay all coete of recordation, if any.
23. Attorney's Feea. Ae ueed in thie Mortgage and in the Note, "attorney'e feei ' ehall include attomey's fees, if any, which may be
awarded by an appellate court.
I~i WITNESS WHEREOF. Borrower hae executed this Mortgage.
Signed, aealed and delivered
in the preeence of:
/ ~ ' ..
. . . G . . . . . , . . . . . . . ~. . ~-I . . . . . : . . ~~' . ~?. . . . ~-~~1.?. :~ . (s~)
~ ~V1-itness CLAYTON OWN, a single adult -eo^°~Q
....~ ... . .. . .......... ... ..............................................(Seal)
. . . . . . . . . . . . . . . ~ Witness -~.a
St. LuCie Count ss:
STA7'EOFFWR[D!~ ........ ................................... y
I hereby certify that on thia day, before rr~e, an officer duly suthorized in the state aforesaid and in the rnunty aforesaid to
take acknowledgements. ~~o~any ap~a~ea . .. . .. G.lay.ton .Br.own, . a .singl.e. adutt, . .. . . . . . . . . .. . . . . . . . . . . .. . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that _ . _ . .he . . . . . . . . : . . . . executed the eame for the purpose therein
expressed. ~ /~ ~
WITNESS my hand and o 'al aeal in~ e county and state aforesaid this . . . . . . . . . . . . . .! . . . . . . . . . . . . . . . . . . day of
. . . . . . . . . . . . . . . . . . . . . . . . . . ~~%~~~%~~; :c'~l. . . . . . . . . . . . _ _ . . . , 19. _33.1.
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1~1y Commiseion~ies: ~ ~•.~ ~"~A I~ , ~-
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Th~ Inatrument Prepared by_
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Si.lliCiFG~UY;r.ri~
Gary Ellwood ROGFR f'GITRAS
CLERK CIRCUtT tLlr
F irst Federal Savings and Loan
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Asaociation of Fort Pierce, Florida :i~3450
520211
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