HomeMy WebLinkAbout193718. Aoceleratiop; Remediea. ~oept u provided ia para~raph 17 6erpt, rpan eoero~rer'~ Ore~cb of aq~r oove4aat or
a`reen~eat ot Borcower ia thL Mort~a~e, includta~ the ooveaanta to p~y wbeu dae ~ wma ~red by thL Yort~~e~ Le~der
prior to aooelesatloa ~hall mdl aotioe to Borrower a~ provided ip puyr~ph 14 b~eof ~pecifyrin~: (1) the breacb; (~) tl~e wcUot~
requtred to ~ure wch breacb: ls) a date, aot lea~ thaa 30 dqr~ dron~ the dwte We notloe b matled to Borrow-er. by ~rhkh wc6
breacb mwt be cured; ~nd (4) th~t [alture w cure such bree~c6 on or betors the date ~peclAed in the ewtios a~q rewlt ia
~ooelentbn of the wm~ ~ecured by thi~ Mostra~e, toreclosure by judlcl~l prooesdias ~ad ~ale ot We Proper~jr. The notloe ~h:ll
lruther inform 8orrower ot the ri~h! to reitutate aAer ~-ooeleration and the ri~ht to wert ia the ioreclvwre proceedlas t6e
non-ezisteaoe o! a default or any other defewe of Borrowrer to acceleratioa and ioseciwure. It t6e bsa~cb b not cuted oa or
before the date ~peciAod In the notioe. I.eoder at Lender'~ optioa ma~r declare all o[the sum~ secueed by thb Mort~a~e to bs
immediately due and pa,ywble wit6out [~rther demaad and aswy foreclwe thL llort~a~e b~- judfctal prooeedln~. Lepder ~6all be
entitled W ooltect tn such prooecdin~ el! e:pensea ot toreclorure, Includin~, but not limited b, reaaoaable attoraey'~ [ea~. ~nd
coats ot documeatary evidenoe, abstracta and title reporta.
19. Borrower'~ Ri~ht to Reinstwte. Notwithatanding I.~der'~ aooele:ation oithe aum~ ~ecvred by thi~ Mort~s~e. Borro~r ~heU have
ehe right co have any prooeedi„g. begun by L,ender to enforoe this Mortgage di.ooatinned at aay time pria to eatry of a jud~ment enfor~cin~
this Mortgage if: (a) Borrower psy~ Leuder aA sum~ which would be thea due nader tluw Mort~~e. the Note and aote~ ~ecuria~ P1:pue
Advaace~, if anY. had no aoceleratioa occurred: (b) Botrower cures all breaches of aay othez oovenant~ or ajreemeats of Borroaer ooatsined in
this Mortgage; (c) Borrowu pays all nasouable espense~ incurred by Leader in entorcing the oovenaatr aad a~reemenb of Borrowrer
oontained in this Mo~rtgage and in enforcing Lende:'s remedies aa provided ia para~graph 18 hereof, iaeladi~c, but not limited to, reauotisbls
attomey's fees; and (d) Borro~rer taka such action as Lender may reasoaably require to assuee Uut the lie~ of this Mort~ase. Lender'~ intend
in the Property and Borro~rer's obligation to pep t6e snms secured by thii Mortgage ahall oontinue unimpaired. Upon such p~yment end care
by Borrower. thia Mortgage and the obligations secured hereby ~hall remain in full foroe end effect a~ it po aooeleration hsd oocurred.
20. Assi~nment of Reata; Appointmeat oi Reoeiver. As additioaal eecurity henunder. Borrower hereby a~signs b Lendar We rents
of the Property. provided that Borrower sheJl, prior b eoeelaatioa under paragraph 18 hereof or abandonm~t oithe Prope:ty. have the right
to rnllect and retain such rcnta aa they become due aad payable.
Upon acceleration und~z paragrep618 he~eof or abandonment of the Property, [.eader ~hall be entitled to have e reoeivet appointed by a
oourt to eaterapon, take poeaession of and manage the Property aad to oollect the rents of the Propesty, inclndiug tbo~e peut due. All t+ent~
oollecKed by the reoeiver ~haU be applied 6ret to payment of We oosts of maaagemeat of the Property and ooUection oirenta. inclndia~. but not
limited to. reoeiver's fees. p:eminms on receiver'e boads aad reasoaable attorney'~ fees, ead then to the ~~nu ~ecnred by thi~ M~a~e.'1Le
receiver shall be liable t~o aooount oaly for tha~e renta adually reoeived. •
21. FLtnre AdvatKw. Upoa request by Borrower. Lender. at I~ende~s option within tweaty Years from the date of this Mort~age. may
make Fhture Advanas to Borrovrer. Such P1~ture Advances. with inter~t theeeoa. ehall be ~ecnred by thi~ Mort~a~e when evidenoed by
pmmiesory notcs sta~ing that said aotes are secnred hereby. At ao time ahaU the principal amount of t6e indebLedne~s secured by this
Mortgage. aot including ~su,,m,~s edvanoed in accordanca herewith to pmtei.t the securitY of tbi~ Mortga~e, esoeed the original amount of the
N01.E pIW U.S.f ~i{1~p
22. Retease. Upon payment of all aums secwred by thu Mortgage, Lender shail release thia Mortgage without charge to Borrower.
Borrower shall pay all costa of recordation, if any.
23. Attorney's Fees. As ueed in thia Mortgage and in the Note, "attomey's fees" shall include attoruey's fee~, if any. which may be
awarded by an appellate coud.
IN WITNESS WHEREOF, Borrower has e:ecuted thie Mortgage.
Signed, eealed and delivered
in the preeence of:
~ ~
. . ( . :~.G . . . . . .~r. ._ ~~ . . . . . . .
' Witnesa
. . . .~'T/.Lln[.~ . . . . ~~ . . . . . .
Witness
....~fl.'~(~ :.. .~e?~'~°... ....... (Seal)
ROBERT J. FE IS, a single adult -B«*~a
..............................................(Seal)
-Hortowet
STATE OFFLORIU~ . . - - - • • St : Luci e . . . . . . . . . . . . . . . . . . . . . . . . . . County as:
I hereby certify that on this day, before rr,e, an officer duly authorized in the state fores~ u'd and in thecounty afore8aid to
take acknowledgements, personally appeared . . . . . ROBE RT. J . . FE RRI S.~ . a _ si ng~e . dc1U l.t t . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - - , to me known to be the person(s) described in and who executed the
foregoing inatrument and acknowledged before me that .. ~1~ . .. .. ..... ..... executed the eame for the purpose therein
expresaed. ~ ~
WITNESS my hand and offic'al aeal in he county and atate aforesaid this . . . . . . . . . . . . l . . . . . . . . . . . . . . . . . . . . day of
..................•---.....~i~~~LG "'"....._..... ,19.~~._
Ny Commissio~l expirea: i i` ~~ ~• SYi~ oI !~i ~~ , •
~.~ ~ ~t~~tms~ik ' j : ~w.,~ E~ Ilw. i6, 1482 ~/-4-tr~~ . ~~•. . . . . . . . . . . . . G. s~.
- p ~~,~ _ , ~,: ~~•• ~ .:.., ~ .
~ . , . ._ ...----~-~
. ~G~•~,o;,_ SJ ~:; .. ... Notary Public
+ ~ y. - -. ~ •. .
~ , ,~ ~ ~
j._, ~~:. ~' ' lSparr Rvluu Thu /.tni Rtsrrotd for [.vndar nnd Recrordtr)
. ~„' A~~ ~
~.. , f~ . ~ L ~, ~ ~ .
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Thia lnsttume~t Prep , by:
..
Jerry G. Litrento ~
Firat F'ederal Savinge and Loan
Asaociation of Fort Pierce, Florida :33950
t3~ M.~.R 16 l~.II= 01
Fi~c~ eyC FfCONOi'Q
S ftU6ERC~G1 ~R115~.
CLCKK CIR~~~~ ~C ~~
,_~.~,~ ~~~ ~t.F t: ^
5204~6
~~~ ~
8~350 pa~1935
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