HomeMy WebLinkAbout192518. Acceleratiaa; Remedie~. Escept ~a provided ia para~raph 17 hereot, upon 8oerowst'~ bM~ch ~[ aq~ ooveaaat ~
a~reemeat of Borsow~ In thls Mort~a~e, lacludia~ ~he oovepana a~ when due u~- sas...csred by chi~Yattt~e.I.eader
prior to acceleratio~ shall mai! aotioe to Borrower a~ provided ia puwteaph 14 h~eof ~pecityin~: (1) tbe breac6; (Z) tbe ~cttoa
requlred to cur~ such brewch; (3) a date. aot leu thaa 30 dqr~ d~om tbe date the aotke L ntalled to Boreow~er. by whlcb such
bre~c6 must be cured; and (4) that taiture to care such bnac6 oa or be[ore the date ~peclAed ia We aoUos mq- re~ult W
acoeleratioa of the sums aecured by thls Mort~a~e. toreclo~ure by judictal prooeedlns ~nd sale of t6a Property. The aotice ~bsll
furiher taform Borrower ot the right to relnstate sRee sooelerstiop ~ad the ri~ht to aMert ta the toreclosure prooeedln~ the
non•esisteAOe o! a detauit o~ u~y other defenae ot Borwwer to aoceleretion and foreclo~ure. It the bresc6 I~ not cured on os
before tha date speciAed ia the aotice. Lender at Leader'~ optlon ma~- declare ~11 of the swns ~ecured by thb Mort~ase to be
immediately due and peyable without ll~rther demeu~d and ma,y toreelooe thi~ Mort~a~e by judlcial prooeedia~. Lender ~hall be
entitled to oollect In such proceeding all espeases of foreclo~ure. ~IlCIII~As. but aot limited to, rea~onable attoraey'~ tees, wd
coeta ot documentary evidenoe, abstracts and tlde reporta.
19. 9orrower'~ Risht to Reinsute. Notwithstanding Lender'~ soceleration of the ~um~ ~ecnred by this Mortaage. Borro~ver shaU havs
the right to have any proceedings begun by I.enda to enforoe this Mortgage discontinued at sny time pri~ to eatry of a judgm~t eaforcin~
this Mortgage if: (a) Borrower pays I.end~ all sums which would be thea due nnder thi~ Mort~a~e„ We Nots and aMes securin~ I~tare
Advances. if any, had no acceleration oocurred; (b) Borrower cures all breaches of aay other oovensat~ or agreemenfs of Botrowrer contained ia
thia Mortgage; (c) Bormwer pe~ys all reaeouable e~cpenaes incurred by Lender in ~forcing the oovenanta aad a~reements of Bocrower
oontained in this Mortgege and in enforcing l.ender's rnmedies as provided in paragraph 18 hereof. iacluding, bnt not limited to. reawnabls
attorney's fees; and (d) Bormwer takee such action aa Lender may reasonaWy require to assure that the lie~ of this Mort~ag0. ~uder'~ intesed
io the Property and Borrower s obligation to pay the sums secund by thia Mortgage shall oontinue unimpaired. Upoa ~uch payment sad cnre
by Borrower~ this Mortgage and the obligationa secured hereby shall remain in full forae and e~tect es if no aooderation had occurred.
Z0. Assi~nment of Reats; Appointment of Receiver. As additional security hereunder. Borrower hereby assigiu to Le~der the reata
of the Property. provided W at Borrower shell. prior to aoceleration under paragraph 18 hereof or abandonmeat of the Prope~rty, have the riQht
to rnllect and retain euch renfa as they beeome due and payable.
Upon aooeleration under paragraph 18 hereof or abandonment of the Property. Leader shall be eatitled to have a reoeiver appointed by a
a,urt to ent~r ~upaa, taie pueeeesion of and manage the I'roperty and to oollect the renu of the Ptopasty. inciudin~g tlswe past due.1UI reub
ooUected by the nceiver ahall be appGed fust to payanent of the ooets of management of We Property and oollection of re~nts. includin~. but not
limited to. reoeiv~'s fees, premiums on reoeiver's bonda and reasoaable attorney'~ fees. and then to We ~um~ ~ecured by thi~ Mort~aQe.'!Le
receiver shall be liable to aooount only for those rents adually raceived.
21. I~ture Advsnces. Upon requeat by Borrower. L,end~, aE L,ender's option within twenty years from the date of this Mortgage. may
make ~ture Advanoe~ to Botrower. Such P~utun Advaaoee. with inten.~st thereon. ehell be secured bY this MortBage whea evidenoed by
promissory notes stating thst said notes an secuced hereby. At no time shall the principal amonnt of the indebtednew ~ecured by this
Mortgage. not including s 0 advanaed in aocordance herewith w pmtect the sec~uity of this Mortgage. esoeed the original amo~u-t of the
Note plw U.S.i =
22 Release. Upon payment of all sums aecured by this Mortgage, Lender shall releaee thie Mortgage without charge to Borrower.
Borrower shall pay aJl costs of r~cordation, if any.
23. Attoraey's Fees. As used in thi$ Mortgage and in the Note, "attorney e fees ' shall include attorney's fces, if any, which may be
ess-srdec! hy an appeUale r~ut~.
[~I WITNE.SS WHFREOF, Borrower has executed this Mortgage.
Signed. eealed and delivered
in the preeence of:
,
,
,
. . . . w. . . . . • . t./. . .~. . . yj:7 . . . . . . .
w1tI1@88
C~ ................~ ... .
..... .. .... Witneas
, ~
. . .~c~:~.~". .~.~.,~1?~:~- . . . . . ... . . . .. cs~,
Rona~d P. Mace -~^°-~
. ~`.'~" ~..~.~ • 77~-c.`~ . . . . . . . . . . (Seal)
Diana L. Mace, his wife -B°"°'""
STATEOFF[.nRID/~ .......St. Lucie ......................... County ss:
1 hereb certify that on this dey, before rr~e, an offi r dul authorized i the atate afo sid and the unt aforesaid to
y Rona~d Py Mace an~ Diana L. ~ace h s w~~e y
take acknowledggments. Peraonally appeared . . . . . . . . . . . . . . • - . . . . . .~ . . . . . • - • . . . . . . . . . . . . . . . . ~. . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - - - . . . . _ , to me known to be the peraon(s) deacribed in and who executed the
foregoing instrument and acknowledged before me that .. the.~/, ,,...,..... executed the eame for the purpose therein
ex preased. // ~
W ITNESS my hand and cial ae• in the county and atate aforesaid this . . . . . - • - -1 /. . • • - - • • • • - • • • • • • • • • • • day of
....... ................... . ~~~ ................... , 19..`~~.
~fy (~om ion e;pires: ~ ~ ~ ~y ~ ~ . `
~~ • "euu:~~t•q . . ~~~ IM.1~. 1952 ~~.-G~~~~~ ~l/ ' i . ...
+'r:t~ 1~_ ~~ ~~~~ b A~~ Fw ~ C~~h Go~Nr
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: C,
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:'~ _ ~ Notary Pu c
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This ~atrument Fi'epared by:
~Spacr NeG,u Th-s !~n~ Resrrued For Lendti und Reeorder/
Jerry G. Litrento
Firet Federal Savings and Loan
4saociation of Fort Pierce, Florida :334.50
i9ai ~nR i s aa ~i= o i
ctLEO R~+C F`~aADfO
S R G R ~OITRA5a.
CLERK CIP.CU~T CG~R ~
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