HomeMy WebLinkAbout194518. Aoceler~tloa; Remedle~. Czoept u provided ia para~raph 17,he[~eot. upoa Borrowret'~ breacA of ~q~r ooven~at oe
a~reemeat ot 8orwwer L~ this Mort~s~a. iacludin= tba ooveaanta to pa,~r vv~eo ~ta ~ qp~~ecured by tbi~ Mort~s~e.I.aidee
prior to ~a~elerat~OD s~lill IAe~I qOl~OB LO BOrrOW@r Y p!'OY~dE~ Ip pA~~l'Rpll I4I~eTOO~/~C~~D~: (1) tlie breacb; (Z) the actioa
requlred to cure ~uch breach; (3) w date. aot t~ then 30 da,~r~ A~om the date the aotioe L m~lled to Borrower. by wrbich wch
breac6 mwt be cured; aad (4) that failure to cure wch breach on or before the date ~psciAed in the notios my- rewlt iA
aooelerwtioa ot the sums secured by thL Nort~a~e, [oreclo~ure by jndlclal prooeedin~ and awle of We Property. The aotios ~ball
t~rther inform Borrower o! the rl~bt to reia~twte atter wooelerstion uid the rl~bt to wert in the torecloatre proceedin~ tlte
noa•~istencd of a detwult or way ot6er defea~e of Borrower to aa:eler~doA and foreclwure. Ii the breach i~ not cured on or
befoce tl~e date ~pect8ed la the aotice, Leader at LeAder'~ optiou ma~y declwre all otthe sunu ~ecured by thL Mort~a~e to be
immediateW due snd payable without turthar demaad aad mq- foreclo~e this U1ort~~e by judicial pe~ooeedla~. Lender ~hall be
eatitled to oollect ia such proceedin~ all e:peases ot foreclo~ure, iacludla~. but not limited to. reasonable attorney'~ [ee~. and
coets of documertary evidence. ebstracts and title reporta.
19. Borrow~er•~ Risht to Reinste~te. Notwithstanding Leader's aooeleratioa oithe ~uaiu ~ecured by thi~ Moet~sge, Borrower shall have
the right to have any pwceedings begun by Leadar to eaforoe this Mortgage di~ooatinued at u-y time p:ior to entry of a judgm~t enforcing
this Mortgage i~ (a) Borrower psys Lender all sums ~rhich would be thea due under thi~ Mort~att0. the Note and note~ ~ecuring Phture
Advancer, if any, had ao aoceleratioa occurred; (b) Borrower curee all breache~ of any other oovenanta or a~reement~ of Borro~va coateined in
this Mortgage; (c) Borrower pays all reasonable ~penses incurred by I.ender in enforcing the ooveaaats and agreement~ of Bo~o~-~
oontained ia this Mortgege and in enforcing Lender's remediea as pmvided in paragraph 18 hereof, inclndiag. bat aot limited to. reawnabls
attorney's fees; and (d) Borrower takes euch action as Lender may reasonably require to asenre that the liea of thi~ Mort~a~e. L~der'a intereet
in the Property and Boroower's obligation to pay the sww secured by this Mortgage ~hall ooatinue unimpaired. Upon such payment and cure
by Borrower. this Mortgage and the obligations eecured hereby shell re~nain in tul! force and dfect as if no acceleration had oecn:sed.
20. Assi~ament oi Rents; Appointment of Reoeiver. Ai additional security hereunder. Borrower hereby asaign~ to Lender the renta
of the Property. provided that Borrower shall. prior to aooeleration under paragraph 18 hereof or abandonmeat of the Property. have tbe ri~ht
co collect and ntain such nnta as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entided to have a reoeiver appointed by a
oourt to enter~pon. take possessioa of and manage We Propetty and to oollect the renta of We Property. includit~ thwe ped due. All r~t~
ooliected by t6e reoeiver shall be applied first to payment of the oosta of managementof the Peoperty aad o~llection of renh. includin~~ bnt nd
limited b. receive:'s fees. premiwas on reoeiver'e bonds and reasonable attorney's fees, and then to the ~uans ~ecured by thi~ Mactga~e. The
receiver ehall be liable b aooount only for tho~e rents actaaUy reoeived.
21. FLture Advancea. Upon request by BoTrower. Lender. at I.eade~'s option aithin t~venty yean tmm the date of thia Mortgsge. may
make Futun Advaaoes to Borrower. 3uch Futare Advano~. with inte~st therco0. shali be ~ecured by this Mortgage w6~a evidenoed by
promissory notes statiag that said notea are secured hereby. At no time ahaq the psinciPal emount oi We indebtednea secured by tbis
Mortgage. not including sums advanoed in aocordance herewith to protei.t the securi~Y of this Mortgage, e:ceed the original amount of the
Note plus U.S.
22. Release. Upon payment of all auma secured by this Mortgege. L.ender shall nlease this Mortgage without charge to Borro~-er.
Borrower ahall paY ~l costs of reoordation. i[ any.
23. Attorney's Fees. Aa ueed in thie Mortgage and in We Note, "attomey's feea' shall include attorney's fees, if any. which way be
awarded by an appeUate rnurt.
I~ WtTNESS WHE[tEOF, Borrower has executed thie Mortgage.
Signed, eealed and delivered
in the preeence of;
(~ ) ~ ,
.
~ ... ~ ............ .. ~ ...
.... .... .. ...'~~ .... . t?:~ ` S P': J ~~ a 's'i'rigl'e 'adult' (~)
, Witneas
......~.~~.~/. u!Jw~ .:.................. ... ..............................................(Seal)
Witneas -8o~°"Q
STA7'E OFFLORID/~ .. . . . . . . .. . . .. . St; . Lucie .. . . . .. . . . . . . . . . COIIDty S8:
I hereby certify that on this day, before rr.e, an officer duly authorized in the atate aforesaid and in the county aforesaid to
take acknowledgements, pereonally appeared... . Gb1".lS. P...,lohnson...a. s.iogle..adult.> ........ ............... ...
. . . . . . . . . . . . . . . . . . . . . . . . ~. . . . . . , to me known to be the pereon(s) described in and who ezecuted th~
........•••........... p ~e .
foregoing inatrument and acknowledged before me that . . . h~ . . . . . . . . . . . . . . executed the same for the u therein
expresaed. ~
WITNESS my hand and o cial se in the county and atate aforesaid thie . . . . - • • • • • • • ~°~- - • • • • - • - • • • • • • • day of
......................... ~.Cfrl.~ .................._ , 19..~ ~.
V[y Commiasion enpire~ Iloh~11 ~s. ~ d Elaid~ at laAs _ +
;,~~K~~~~t~u4~y , ~, (o~;siN E~pra No~. 16. 1982 / / , ~ ~ ~ ,
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This Instrument Prepared by:
ISpace Relou Thu /.~n~ R~seri~ed F'or L~ndtr and Rtcoitlerl
Jerry 6. Litrento
First Federal Savings and Loan
Asaociation of Fort Pierce. Florida 33450
~
~ : ~~
~ , 1
~~ ~n _~-. . .
~~~ p~1943
1981 N~R 16 1~l; II= 01
Fi:fQ ~hC F'. COF.ttfG
Sf.L~1CIE COUNi Y.f t A_
RCGER P~ITPAS
CIEkK CIRCUtt COU~• ~
J'j;i~r.!' ~'I RIF'~~._. _~._ ..
S~~C7
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