HomeMy WebLinkAbout193318. AocolerRtion; Remedie~. Escept aa pcovided ta pua~raph 17 heipwt. upon 8orrower'~ breach ot aay ooveaant or
a~reement ot Borrower in thb Mort~a~e. includia~ the ooveaaatatopa,~ ~pi due aay sum~ ~ecured by thi~ J~lort~~e, I.~de:
prior to aooeleratioa ~hall mail notioe to Borrower a~ provided in pus~r 14 hereof spscifyiq~: (1) the breac6; (Z) the ~ctioa
required to cure such breach; (3) a date. not leu than 30 day~ t~om the d~te the notice b mailed to Borrower, by ~rhkh wcb
breach mwt be cured; sad (4) that fsilure to cure suc6 breach oa or before the date ~poctAed ia the aotios may result in
aooeleratloa of t6e suau secured by thb Mort~~e. [oreclo~ure by judicial proceedlt~ aad uleof the Pe~operty. Tbe notlce~h~ll
tWrther Ia[orm Rorrowar o[ the ri~ht to reiastate aRer aooelerstloA aad the risht b as~ert la the lorectontre proceedla~ the
noa-e:iateaoe o! a default or wny other defen.e ot Borrower to aocelerwtioa aad foreclosure. If the breach L not cured on or
be[ore the date ~pecitied ia We aotice, I,eader at Lender'~ option may declare all of the wnu secured by thL Mort~ate to be
immedlately due aad pq~rable without ti~rther demand and m~ forecloee thL Nort~a~o by judlcial proceedln~. I.eader ~hall be
entitled to collect ia euch proceeding all espensee of toreciwure. iacludia~. but aot limited to. reawaable attoraey'~ fees. end
coets o[ documentary evidence, abetracb a~d title reports.
19: Borrower'~ Ri~ht to Reinstate. Notwithstanding Lender's ecceleration of the sum~ ~ecured by thi~ Mort~a~e, Borrower ahall have
the right to have any procredings begua by Leadet to enforoe this Mortgage disoontinued at any time prior to eatry of a judgment enforcing
thia Mortgage if: (a) Borrower pays I,ender al1 sums which would be the~ due under this Mortga~R the NM,e and aote~ ~ring I~ture
Advana~s, if any, had no acceleration occurred; (b) Bore~ovtrer curea all breaches of any other coveaanta or ~reements of Bore~ower oo~Lained in
this Mortgage; (c) Borrower pays all nasa-able e:penees incus~ed by Lender in e~forcing the oovenants aad aQreement~ of Borrower
ooatained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof. includiug. but not limited to. na~onabls
attorney's fcea; and (d) Borrow~ tekee such action as I.ender may reasonably require w assure that the li~ of this Mortgage. I.ender's inten~t
in the Piroperty and Borrower e obligation to pay the sums eecured by this Mortgage shall coatinue unimpaired. Upon such payment and cure
by Botrower. this Mortgage and the obligations secured hereby shall ranain in full foroe and efftct as if no accel~ation had oocu:red.
Z0. Assi~ament of Rents; Appointment of Reoeiver. As additional security hereunder. Borrower haeby assign~ to Lender t6e nuy
of the Property. provided that Borrower shaU. prior to aeoeleration under paragraph 18 hereof or abandonment of the Prope~Ry. 6ave the right
to coUect and retain auch renta as they baome due and payabk.
Upon accelcration under paragraph 18 hereof or abandonment of the Property. I.ender ehall be entitled to have a recaiva appointed by a
eourt to enter~pon. take poseeaeion of and menage the Property and to ooUect the nnts of the Property. includiag those pad due. All rente
oollected by the receiver shall be applied first b payment of the ooate of maaagement of the Property and ooUection oireats. iacludia~~ bnt not
liauted Lo, reoeivei s fees. premiuma on receiver's bonda and reasonable attorney's feea. and then to the suau aecured by this Mott~a~e.1Le
rece~ver shall be liable to acoount only for thoae renta actually reoeived.
21. Pliture Advence~. Upon request by Borrower, Lender. at Lende~a option within twenty years irom the date of this Mortgage, may
make F'ntun Advances to Borrower. Such I~tun Advancea, with interest thereon. shall be ~ecured by lhis Mortgage when evidenoed by
promissory notea etating thet said notea are secured hereby. At no time ehall the ptincipal amount of the iadebtedne~s secured by this
Mortgege, not including auma advanoed in accordance herewith to protect the security of this Mortgage. e:ceed the originsl amount olthe
Note plas U.S.t Nnnp
22 Release. Upan payment ot all aume secured by this Mortgage, Lender shall release thia Mortgage without charge to Borrowrr.
Borrower ehall pay all costs ot recordation, if any. ~
23. Attorney's Feee. As osed in thia Mortgage and in the Note. "attorney's tees" shall include atLorney's fees, if any, which mey be
awarded by an appellate court.
IN WITNESS WHEREOF. Borrower hzis executed this Mortgage.
Signed, eealed and delivered
in the preeence of:
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Witness
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PnRUra
STATEOFFLORID~ ....,, St;, Lucie ......................... County ss:.
":...... (Seal)
-8onorp
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I hereby certify that on this day, before rr,e, an officer duly a~~thotized in the atate aforesaid and in the county aforesaid to
take acknowledgements, personally appeared . . ST~PH~N . T . . PAR~TA .an.d. . ~..RRRAI H~ . PAR.~TA~. . h?.S .1~I1 f~, . . . . - - - -
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that .. .. ...thPJl.. ..... . executed the same for the purpose therein
expreased_ ~- ~
WITNESS my hand and o ial seal~ the county and state aforesaid this . . . . . . . . . . . . .~.~. . . . .. . . . . . . . . . . . . day of
. . . . . . . . . . . . . . . . . . . . . . . . . . ~ ~~~~ ~~C.t'l . . . . . . . . . . . . . . . . . _ , 19 ~ ~ . _ -
Sh1~ o~ }M~y +~ LrN
1~Iy C~mmiasion ires: I~d~I1l ~' E~ ~.. 16. 1982 • •
- • • ~., ~ ,~ ~ . ! .
;~ ~~~t~~t~Enq~rr~. w~ •~~'' `~' i ~... t. ~~ 3 Cf.~~ /i~-.
~~~C1, ~ ~ . . . . . ~. . . . . . . . . . . . . . . . . . . . ~,., :~ . . . . . . . . . . . . . . .
~~~' ' ~~ ~ Notary I'ublic
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This It~tirueMAtit Prep~Ted by:
ac~ Fkbu• Th„ /.~na Rasvrred For /.~nder and Ravrdtri
Jerry G. Litrento
Firat Federal Savings and Loan
Asaociation of Fort Pierce, Florida :i3450
198t NASt 16 a~ ~i= o~
Fit~-~ ~HC~~CCH:l~
S1.lUCtE COC~1 Y.i t ~.
RGGER P~~T~AS
CLEP.K CIRCUti COU '•
PILCPn ~IHi~I! ~. -- - -
5~~~-425
~~350 F~E1931
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