HomeMy WebLinkAbout194118. Acceleratlon; Remedle~. Escept ~s provided ia parwsraph 1? hereot, apou Boerower'! breach of ~qp ooveoaat or
agreemept ot 6orrower in tbis Mort~~e. tacludia~ the oovenuita to py- whea due ~o,~ sum~ ~ecured by tbia Mori~~e.l.eadee
prior b sooeleratio~ ~hall mail notioe to Borrower as pwvided ln pua~aph 14 hereotspedtyia~:11) the breach; (Z) t6e actioa
requtred to cure such breach: (3) w dste. aot lew than 30 ds,ys lk~om the date the aotice b m~lled to Borrowrer. by w-bicb such
bresch muat be cured; wnd (4) that failure to cure sucl~ breach on or before the d~te ~psciAed ia the notioe mq rewlt fn
aooeleretion of t4e sunu eecured by thL Mort~a~e, foreclo~ure by judicial prooeedta~ ~ad ~ale of the Property. The notice ~6all
turther Inform Borrower of the ri~ht to reinstate after aooelerattoa and the ri~ht to wert in the foreclowre prooeedta~ the
~oA-esietenoe oi s defsult or any ot6er defease oi Botrower to aoceleradoa Rad fa~rectowre. li the breach i~ not c+ured oa or
betore the date ~pecitied ip the aotice. Leader st Lender'~ optioa m~ decl~re all ot t6e suau secured by thL ~[ort~a~e to bs
immediaeely due and p~ysble without f~rtber demand and mq~r foreclose this ~lort~a~e by jadicial prooeediA~. Leader ~hall be
entitled to collect in auch proccediag all expense. of toreclosure. fncludin~. but aot limited to. reawnable attorney'~ fees. aad
coete ot documentary evidence, abstracts and title reporta.
19. Borrower's Ri~ht to Reinetate. Notwithstanding Lender'r acceleration of the ~uma ~ecured by thi~ MortQage. BorrowershaU have
the right to have any ptocecdings begun by I.ender to enforoe this Mortgage discoAtiaued at any time p~or to eatry ois judgm~t eafo~
this Mortgage if: (a) Borrower peys Lender all suma which would be then due uader thia Mortga~e. We Note and aotea ~ecuring I~tun
Advances, if any. had no acceleration oocurred; (b) Borrower cuna all bnaches of any othes oovenant+~ or e~eemeats of Borrow~ rnntsined in
this Mortgage; (c) Borrowa pays all reasoi~able expeneea incurred by LeAder in eaforcing the ouvenants end agreement~ of Borrower
eonLained in this Mortgage and in enforcing Lender's nmedies as provided in paragraph 18 hereoi. iacluding. but not limited to. na~oasbls
attorney's fces; and (d) Borrower takes auch action as Lender may reasonably require to assun that the Uen of this Mortgage. Leader'~ infere~t
in the Property and Botrower's obligation to pay the seuas strured by this Mortgage ahall contiaur u:ticagsired. Upon stich ga,~mr.at aisd enze
by Borrower, this Mortgage and the obligations secured hereby ehall remain in fiill force and effect as if no aooeleradon hed occurred.
20. Asaianmeat ot Renta; Appointment of Reoeiver. Aa additional eecurity hereunder. Borrower ha~eby asaign. ~o Lender We ra,a
of the Property. pmvided that Borrower shall, prior to aoceleration under paragraph 18 hereof or abandonment of the Property. 6ave tbe right
to rnUect and retain such renta as Wey become due and payable.
Upon aoceleration under paregraph 18 henwf or abandonment of the Pcoperty. I.ender shall be entitled to have a reoe;ver appoiaeed by e
oourt to enterLpon, take poeseesion of and manage the Property and to oollect the nnta of the Prope:ty. including those pad dua All nats
collected by the receiver shall be applied firet W paymen! of the oosts of managaaent of the Property aad coUection of renta, includin~. but not
liauted to. reoeiver's fees. premiums on r~ceiver's bonds and reasonable attorney'~ fees, and then to the sums ~ecnnd by thi~ Mort~aQe. The
receiver shall be liable to aooount only for those nnta actually r«xived.
21. Pt~ture Advances. Upon request by Borrower. L.ender. at Lender s option within tweaty years ftom t1~e date of this Mortgege. may
make F~ture Advances b Borrower. Such Ftiture Advancee, with inter~st tt-ereon. shal~ be secur8d by th'° M°rtg"Be wh~ evidenoed by
promiesory notes atating that said notes are secured hereby. At no time shall the principal amount of the indebtedn~es secured by this
Mortgage, not i~cludin~_sums advanced in accordance herewith to protecl the eecurity of thia Mortgage, e:oeed the original amount of the
Note ploa U.S.i flnnP
22. Releaee. Upon payment of all auma eecured by thia Mortgage, Lender shall nleaee this Mortgage without charge to Borrower.
Fsorrower shall pay all oosts of recordation. i[ any.
23. Attorney'e Feee. As ueed in thie Mortgage and in the Note, "attorney'e feea" ehall include attorney's fees, if any, which may be
awarded by an appellate court.
IV WITNF.SS WHEREOF. Borrower has executed thia Mortgage.
Signed, eealed and delivered
in the preaence of:
.... ,,y G•t~~~C~.C~..
//( _
~. ~:.... .'~~...
Witness
.. ............... Witne9a
:~.,-~i:~!"~^:~ .`rl ~. . . .~-~.~.!~ . . . . . . . (seal>
wILLIAM A. JORGENSE -~*°M°
.. 4~~.?~...~-.~.:.~-~ ...°.~~..r.:4Q,~.-r.... (Seal)
.
GAIL E. L. JORGEN -"°"°"°
St. LuCie Count ss:
STATE OFFiARID~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . y
I hereby certify that on this day, before rr.e, an officer ~uly authorized in the state aforesaid and in the county aforesaid to
take acknowledgemente, personally appeared .. l~lI (..~.IAM. A. . JARGE~IS~EN. .aod . GAI L.E.. .L.. .JQRGENSEN,. hl S.Wa.fe,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the peraon(s) described in and who executed the
foreg~ing instrument and acknowledged before me that . . . . _ th@y. . . . . . . . . . executed the same for ~~urpose therein
expressed.
WITNESS my hand and official 1 in the cou cy and state aforesaid chis . . . . . . . . . . . . . .l . . . .. ... . .. .. .. . day of
~ 19...~/
..............•--........_.....~~~~G~- •----.... , .
~ty Commiasion expires: ~~ ~, S~ ~ ~~ * ~
`` ~ ~ Mr Co~wiss+a E
~~~k ~`~y ~ =vns No~. 16. 1982
.~'w ~._'`t.. ~..2 ~0~0.. b A..lu. i:. • A....p co.:...
. . . ~/~~-'e~~-G,,.. . . . /. !~~ - - . . . . . . . . . . . . .
Notary Public ~-
/~pQfP HfIll4' TIIIti I.IIJf XftY/l'Pd f0- I.fIldP/ ~Ild XtIYI~dfIl
~s~ KaR i s t~s si~ o i
~
Gary'=ETlwood
Firat Federa) Savinga and Loan
Association of Fort Pierce, Florida :~:3450
' iIlFO RNf F~CO?-~::
Sl.LCC~E COUti Y.F t A.
RCGER PGITRAS
CIERK CtRCU~? COU ~
~'tCLr~'•~~FP~'~~r • ~ "
52Q4~I
~ ac~i3~ pec~1~
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