HomeMy WebLinkAbout192918. Acceler~tiou; Remedie~. g:cept u provlded la parw~raph 17 6ereot. upon 8orrow~ee'~.bze~ch ot ae~ ooveaant a
a~reemeat ot 8orrower ia tbb Mort~eese, includlas tbo ooveasata to pay w~hen dae an~r w~m~ ~earred ~this Yortsa~e, Leader
prior to aooeleratioa ~hall mwf l aotioe to Borrower w provided in para~rap614 hereot~pedfy-ln~: (1) t bre~ch; (Z) the wetion
requlred to cure such breach; (3) a date, aot lew th~n 30 dyr~ drom the d~te We notios i~ m~lled to 8otrower, b~r wrhic6 wch
bro~ch mwt be cured; aad (4) th~t lallure to cure ~ucb brewcb on or be[ors the date ~peciAed ia tbe Aotioe ma,p rewlt la
aooeler~tioa ott6e ~um~ ~ecured by thL Mort~a~e, foseclwwre by jndicial prooeedin~ and sale of the Propert,j-. The notios s6a11
tluther iniorm 8orrower of the ri~ht to rela~tate wRer wooeleratioa and t6s rt~ht Lo wert in the foreclwnre prooesdias t6e
non-e:i~teaoe ot a default or sny other defense o! Horrower to wocelerwtion u~d foreclo~ura If the breach is aot cured on or
betore the date specltied In the notice. Lendor at Leader'~ optlon mwl- declare all of the sum~ ~ecured ~- thL Mort~a~e to bs
immediately due and pqyable without ftirther demand and m~ foreclose thL Mort~ase by judlclal prooeedia~. I,eader ~hall be
entltled to coltect ip ~uch proceeding all e:penses ottoreclo~ure, includia~. but ewt llmited to. reawnable ~tt~oraey'~ tee~. aad
rn.ta of documentary evIdeace, ab~tracta and title reports.
19. Borrower's Rl~ht to Relnstate. Notwithstanding Leader'~ aooel~ation of We sum~ ~ecured by this Mort~ege. Botro~ver rhall have
the right to have any ptooeedings b~gun by Lender to enforoe this Mortgage di~contiaued at any time pzior to enhy of a judgment eaforcin~
this Mortgage i~ (a) Borrower pays Lend~ all sums which would be thsn due under thia Mort~a~e. the Note aad note~ ~ecuriag F1~tun
Advences, if aay~ had no aoceleratioa oocurred; (b) Borrower cures all breaches of aay oth~r ooveaants or a~eeemaafs of Borrower oontained in
this Mortgage; (c) Borrower pays ell reawuable espeneee incurred by Leader in eaforcing the oovenent~ and agreementi of Botro~rer
oontained in thia Mortgage and in enforcing Lende:'s remedies as provided in paragraph IS henof. inelndin~. bnt not limited to. reawnabls
attorney's fees; and (d) Borrower takes such action as Leader may teasonebly require to anure W st the lisa of thi~ MortgaQe, L~der'~ intered
in the Property aad Borrower's obligatioa to pqy the sums secured by thia Mortgage shall oontinue nnimpaired. Upon such psymeat and cure
by Borrower, chis Mor~ege and c~,e obligaaons secured h~+eby ahall nmain in tuli foroe and e~[ecc as if no aoccl~aaon had oa,~rred.
20. Assi~nment of Renta; Appointment of Recaiver. Aa additional security hereunder. Borrower hereby assign~ to I.~d~ the renta
of the Property. pmvided that Borrower ahall. prior b aoceleration under paragraph 18 hereof or abandonment of We Property. have We riQbt
to colleet and ratain auch nnta as they baome due and payable.
Upon ecceleration under paragraph 18 hereof or abendonment of tire Propaty, Lender shaU be entided to have a reoe~ver appoiated by a
oourt to enter~pon. take posseesion of and manage the Property and to ooAect the renta of fhe Propertv, inclnding thwe pad due. All rei-ta
ooUecKed by We receiver shall be applied Srst to payment of the ooste of manegement of the Propeirty and o~llectio~ of rwt~. includin~, b~c na
limited to. reoeiver's fees. pre~miume ~n reoeiver's bonds aad reasonabie attorney's fees. and then fo the aums ~ecnred by thi~ Mortgage.'tLe
receiver shall be liable to acaount only for thoee nnta actually reoeived.
21. F~ture Advsnce~. Upon request by Borrower. l.eader, at I.ende~s option within twenty years from t6e dafe of this Mortgage, may
make I~tun Advanoes to Borrower. Such Ftiture Advanoee. with int~er~t thereon. shsU be aecured by thu MorfgaBe when evidenaed by
promissory notes stating that said notes an eecnred henby. At no time ehall the principal amount of the indebtednas secured by this
Mortgage. aot includin suau advanoed in aooordanoe herewith to protect the secnrity of this Mortgage. exceed the original amount of the
Note plus U.S.i ~one -
22 Relea~e. Upon payment of aU sums secured by thia Mortgege. Leader ahall release this Mortgage writhout charge fo Borro~rer.
Borrowe~ shall pay ell costa of raoordation, if any.
23. AtWraey's Fees. As ased in this Mortgage and in the Note, "attoraey's feee' shall include attomey's [eee. if any, which may be
awarded by an appellate rnurt. ~
IN WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, eealed and delivered
in We preeence of:
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~ ~ ~l ~`G~ ca?l~.~ . . . . . . . . . . .. . .. . (s~a)
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Witneas ~E EDWARD TU KER -~o.K
. . . . . . . . . . . . . . r . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .'.~.'n: t-~i. . . . . . . . ~ . ~ ~ ~-~'. :c%tSeal)
Witnesa ~ NIE JANINE CKER -B°~'°"Q
STATE OFFLORID/~ . . . • • • St: 'tUCT@" " " " " " " " " " " • • • • • COllflty S8: •
I hereby certify that on this day, before cr~e, an officer duly suthorized in the state aforeesid and in the county aforesaid to
take acknowledgementa, persona~~y appeared.... Way.ne .~d-y~~;d.TU~kQr..dt~d.,~~4D~.e. ~dD:ine .TuCk~r...hiS .tiife,
- • - • • - • - - - . . . . . . . . . • - • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) deacribed in and who executed the
foregoing inatrument and acknowledged before me that .....tt1.eY. -........ executed the eame for the purpoae therein
expresaed. /
WITNESS my hand and o ial aeal n the county and atate avfo~aid thie . . . . . . . . . . . . . .~l. . .. . . . . . . . . . . . . . day of
. . . . . . . . . . . . . . . . . . . . . . . . . ~. . . ~.4~"r.~ . . . . . . . . . . . _ . . . . . . . 190 . . . . .
My Commieprfon e~cpires: M~q Irii6 SWt ~l lbrid~ at f~•q~ / ~, ~>
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i~ ~ - /tipaca Helou Thu L~ne Rtsero~d For /.endtr and Rteo~dt-I
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This Inatrument Prep~~ied by:
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Mary Platt
F1;.4 t tE(.:11':s~ l'
~ ~0'~t Y.f 1 A-
First Federal Savings and Loan =~ ~
RpG~ Paf RAS
Asaociation of Fort Pierce. Florida 33450 CIERK CiRCU~I GGUn~
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