HomeMy WebLinkAbout148918. Acceleretfon; Remedfe~. E:cept ea provided ia pua~tapb 17 Aereot. upon Borrow~er'~ bre~ch o~ a~ ao~eaant or
e~reemeat of Borrovrer ta this adort~a~e. inrlvdln~ tha ouvcu,~ut~ to iw,3r wbda d~e ~ w~s~ ~u~d bp thi~ Yortsa~e.I.e~d~
priar to aoceleratio~ sha11 mRli notlce to Borrower a~ provided ia p~r~te~pb 14 bereotspeciljrin~: (1) tbe bre~cb;t=) t~actiw~
roqutred to cure ~uch breacb; (3) a date. aot loas thaa 30 dqr~ A~om the date the notke i~ m~iled eo Borrower. b~r wAich w~cb
breacb mwt be cured; ~ad (4) th~t tailure to cure wcb breadi oa o~ before tbe date ~pecil~ed !s tbe aotios ~r rewlt is
acoeleratioa of the suma secured by thii ~lorl~~e. toe~eclo~ure by judicial prooeedias aod ~aleottbe propert~,'i'be sotioe~6aU
f~rther inform Borrower ot the ri~ht to reirutate aRer wocelerwtioa aad tbe ris6t to awert ia tl~e toreclowe~e orooeediot tbe
noa-esisteaoe o[ w default or wy othe~ defea~e ot 8orrowe~ to aoceleratloa and faeclowre. If tLe brewc~ i~ oot a~red oa or
bcfore the date ~peciAed in U~e aotlcs. Leader at Leader'~ optioa mq declare all of We airo~ ~ea~red b~r Wi~ Ya~ts~e to be
itamediately due and payable witleout lk~rthcr dem:nd and may toretlo~e thia ltort~~a by j~dicia! pt~ooe~diu~, Lc~ ~ha1i be
entitled W collect in ~uch procecdins all e:pen~ee of toreclwure. inctudiat. but oot limited to. reawnable attornep•~ ~ee~,, aod
coeb o! documentary evidence, ab~tracts aad title reports,
l9. Horrower•~ Ri~ht to ReiA~tate. Notwithstanding [.ender'a aooeleretioa of We ium~ ~ecured by tAi~ Yo~tsa~, Bormwer aha11 have
the right to have any proceedings begun by [.ender to eaforce thia MortQage di~eontinned at aay time priar b eatqr of a jud~mmt entordn~
this Morfgage i! (a) Borrower pays Lender all sums which would be thea due under ebi~ Ma~aje, We Note and ~oee~ secnrit~ Pbtaee
Advances. if anY. had no aoceleration occurred: (b) Borrower curee ail breaches of aay oth~ oove~aat~ or asreemeph of Bo~rowrer cmtained in
this Mortgage; (c) Borrower pays all reasoueble e:penees incurred by Leader in eniorang the oovenants and ~r~eemenh o! Bo~e~ower
rnntained i~ thia Mortgage and in enforcing I,eader's remedies as provided ia psra~raph 18 heieof. indndin~. but aot limited to. re~ooabis
attomey's feea: and (d1 Borrower takea auch action es [.ender may erasonably require to aaure that the liea o[this Moets+~i~ Is~de~'~ inta~a~t
in the Property and Borrowei a obligation to pay the sums securrd by this Mortgage sbaU ooctinue nnimpaired. Upon toc~ p~yment aad c~re
by Borrower, thia Mortgage and the obligationa sccured hereby shall remain in [ufl toeoe and d~eet as it oo ~ooelaation 6ad ooearrad.
20. As~i~nment of Rents; Appointment ot Reoetver. As additional ~ecurity herennder. Borsowa bereby a~n~ eo I.eade~tbe rmy
of the Property, provided that Borrower shall, psior to acceleration under paragraph 18 hereof or abando~meat af tbe PeopQty, hare tbe ri~ht
to collect and retain such renta as they become due and payable.
Upon acceleration under paragraph 18 hereot or abandonment of the Proprriy, L,ender sliall be ~tided to 6ave a e+eoeiver appointed bp a
oourt to enter-upon, take posseasion of and manage the Property and to colleet the reata of the Property. indadin~ tbwe patt doa All rmb
wUected by the receiver shall be applied first to payment of the oosts of management of the Propaty aad oolleetian otnat~. iadodint~ bat not
liauted to, reoeiver's fees. psemiums on receiver's bonda and ceasonable attorney'~ fee~, and thea to the sums ~ec~ed bq tbis Yectsa~ 7be
receiver ehall be liable to aocount only for those rents actually reoeived.
21. ~tare Advances. Upon request by Borrower. Lende~. at Lender s optioa withia twaity years finm ehe date of this Moettate. may
mate Future Advances to Borrowcr. Such FLture Advanoee, with interest thereon, shall be ~ecared by thi~ Mo~tta~e whes evidenoed b~
pmmissory nofRS stating that said notes are sxured hereby. At no time shaU the priacipal amount of the indebtedne» sectired bp tbi~
Mortgage, not including sums advanced in aocordance herewith co protec~t the security of this Mortgage, e~oeed tbe ori~inal amount d tl~e
Noee plus U.S.i NonP
22 Release. Upon payment ot all aume eecured by this Mortgage, Lender shall rekase thia Mortgage ~ritboot char~e t~o Borrower_
Borrower ehall pay all coste ot recordation, if any. ~
23. Attorney's Fees. As used in thia Mortgage and in the Note, "attomey'e fcea ' ahall include attorney a ices, if any, which msy De
awarded by an eppellate rnurt.
Iti W~TNFS.S WtiFKtoF. I3orrower has executed this Mortgage.
Signed, sealed and delivered
in the preeence of:
. /_/ _ C~~/'/ 2.
~~l.ti . _ . ~. . . . . . . . . Lxj. ~ ~.`"( r (Sesll
.~ . . Witn RRENCE ~J.~ 0'B. EN. .... . . . . . .~ - - ... .. ..._~
" ~ C~-~4'C L-. ~: ~ ~L- . . . .r~~ ~c~r. _~~~I~'~.C.l.f~-~ - - - - - ~~>
Witnesa LINDA E. 0'BRIEN -"°"~°
STwTti oF Ft.os~t,~ . . .. . ... _ . .St,._ .LuCle . .. . .. .. . . . .... .... .. . County ss:
I hereby certify that on this day, before rr.e, an officer duly ~uthorized in the state aforesaid and in the oouaty aforesaid to
take acknowledgements, personafly appeared . . . _ _Ter1"e~l~e .~ .. .Q.'.Br~.eo. .an.d . l.ioda _ E. _ Q' 6rien, . his_ ~if.e,_ _
. . . . . . . . . . . . . . . . • - - - - • • • . . . _ . . . . - • - - • . . . . . _ . . . . . . . . _ . to me known to be the person(s) described in and who ezecuted the
foregoing instrument and acknowledged before m~ that .__.. tfl@y. ..._..... executed the same for the purpose therein
expressed. " ` ~
WITNESS my hand and ~ seal in t e county and state atoresaid thie . . . . _ . . _ . . - ~G~ - - • • - - • • - - - • • ~ • • • . day of
-• ..........................lo~~~a:C .1....._......••- . 19. ~5 ~-
~1r ~li~c. St~. ot Ru;~, ~ (~ `
~iy Comr~j~ expirea~y (,p~issio~ 6p~iees l~or. 1 ~
~~tl~~'^~. ~.,s, ~.,~, .. ~ 6. 1982 ~ ' ~ • 1
``'``\r-~`G ~. D. ;`~/th,, ~Mw Ir~ ~ C~~y'. t•.~ _ ~ /~ C '/TJ. ~.. ~' - ~~ /
G ~
v ~ 1~~f ~ ~
,-` ,~: t ~ - . ~': gl ,«.r r~w,~
:. Y
, ~
• 1 1~•~, ~ i
S • . o~. ' ~. ~ '~
~ • .~
~ , . ~ - - - - -- - - ---- - -- - -
` --- ~---- --- - - ------ - --
~ i1 S ~• - : ~
:!'. ~ t " : ~V ~ -
~ ~ ~~ ~Ci O . ~~ ~ ~Spac~ !I~•G~u Th~+ L~rtr R~s: n ed Eor / ~ndrr and Rm.rdtri
•' J;~~~ "-.
~/`~. t•, . ~ ~ ~wl
=.~~. l~~ ^ - ~,,`~-`~.
.
" ., • ' . ~,~
,.~11 -
This Inatrument Prepared by: ~~,'~Q ~ 2 ~'~ ~- ~~ 4
Thomas H. Henson ~~~f~ t"r "~'F``•~
S ~?~ U~q ~ci?raK~Q
First Federal Savings and Loan ~~ERK CtR~'J~1 ~~~ `T
Aasociation of Fort Pierce, Florida :i.3450
N('^n~~. `'~ .. -
f
5~U21,~
~ ~;;~1K ~cJll F':GE j 488 mJ
(~1
~ ~ • •
# .
3
~? ~. _ . ' ~~ "
~Sw'h!~' ,u .._ . _ _ .- _ - . . . __ -. rt~:": . .
~
~
y.~