HomeMy WebLinkAbout19491& Acce,leratloa; Remedie~. B:cept sa provided ia p~ura~raph 17 bereot. upon Borrower'~ b~e~cb ot ~ay oov~aat Qe
a~reemeat ot 8orrowet ia thL Mort~a~e. Includia~ tbe oovenaata to p~,~r ~rha~ due aoy ws~ ~eatred by tbl~ Mort~aYe, I.eudar
prior to eooeleratloa shell mdl notice to Bot~ower ~ provided ia pu~pr 14 bereo[~pedlyin~: (1) tbe bceac6; (4) tbs adioa
required to cure such breach; (3) a dste, aot lew than 30 dqr~ tlrom the ~te N~e aotice is mwiled to Borro~rer, bp w~bich wcb
bseach u~wt be cured; and (4) that [wilure to cure such breacb o~ or betore the date spedtied in tbe notios ~sp- re~uk in
acoeleration oit6e sums secured b~- thL Mort~~e. [oreclosure by judicial prooeedint aod ~aleofthe Propeety.Tbe aotice~6aU
further taform Borrower ot the eisht to retn~tate attee ta;eler~Uoa sad the rl~ht to awert ia the [oreclwure proceedlas tbs
noa-ezisteaos of w defwult or aay other defease of Borrower to aoceleratioa ~nd fo~reclowra It the bnach is aot cvred oa or
before the date speciRed IA the aotice. Lender at Lender'~ option ~ne~ declare all ot tl~e ~ secured by thi~ l[~ase to be
immediately due and payable without furt6er demand aad ouqr toreclose Ihi~ Yort~~e bp judkial prooeedin~, l.eader ~hall be
entitled to oollect ia such proceedin~ all espeases of foreclowre, iacludin~, but aot ILnited to. rea~oaable attoraey'~ [ce~. ~ad
coste of documentary evidenoe. abetracts and title reporta.
19. Borrower's Ritht W Reinstate. Notwithstanding Lender's aoceleration of the ~ums ~ecured by this Mort~eQe, Borroaer ahall have
the right to have any prooeedings begun by i.eader to enforoe this Mortgsge disoontinued at any time prior to ~try of a j~t enforcin~
this Mortgage if: (a) Borrower pays Leader all aums which wouW be then due undu this Mort~a~ the Note and note~ ~ecuria~ F~ture
Advances, if any, had ao aoceleretion occurred; (b) Borrower cvres all breaches of any othe~r oovennnt~ oz aareemeata of Borr~ower ooatained in
this Mortgage; (c) Borrower pays all reasouable e:penses incurred by Leader ia ~forcing t,he eovenants and a~reem~t~ oi Bo~mwer
rnntained in this Mortgage and in enforciag I.ender's remedies as provided in paragraph 18 heieof, induding, but not timited to, rea~ooabls
attorney's fces; and (d) Borrow~ takes such action as i.ender may reasoaably reqnir~ to a~snre that We lie~ ot Wis Mart~a~e. Lendec'~ intere~t
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall ooatinue wumpaired. Upon snch pay~neat aad cnre
by Borrovver. this Mortgage and the obligations secured hereby ahaU e~main in inll foroe and effect as if ao e-ooel~atioa had oocurred.
20. AssiQameat of Reata; Appolnta~ent ot Reoeiver. As additioaal security henunder. Borrowe~ hercby a~signs to Leader tbe rents
of the Property. pmvided that Borrower ahall. prior to aoceleration uader paragraph 18 hereof or abandonm~t of the Prope:ty, have tbe right
to collect and retain such nnte as they becwme due and peyable.
Upon acoeleration under paragraph 18 hereof or abandonment of the Proprriy. Lender shall be eatided to have a reoeiver appointed by a
court to enterupoa. take posseeaion of aad mannge the Property and to collect We rents of the Propaty. iacluding t~-o~e ps~t d~ie. All reab
collected by the reoeiver shall be applied Srat to payment of the aosfe of mansgement of the Property and oollection of r~b. includin~. bnt not
limited to. reoeivez'e fees. pnmiuma on reoeiver's bonds and reasoaable attomey'e fces, end then to the suma secured by tbis Mart~a~e. T6e
receivet ehal) be liable to aooount only for those rents actually reoeived.
2i. I~ture Advances. Upon requesc by Borrower. Lender. at Lendei s option within tweaty years trom the date of this Mortgage. may
..,~}~ I~h.L~ A~Y~~ 4~ RnrroWer. Such i~tnre Advaacee. with int~rest thenon. sheq be ~ecnred bY this Ma~tBa~e when evideAOed by
promieeory notes stating that said notes are secured herebY. At no time shail the principai amount~ of tDa in~eat8dur~ sscare~ isY uus
Mortgage, not including sums advanoed in aocordance herewith to prote~.~t the securi~Y of Wis Mortgage, e=ooed the ori8u-al amo~n~ of the
Note plos U.S.
22. Release. pon payment of all sums secured by thia Mortgage, Lender shall release this Mortgage without charge to Borro~ver.
Iiorrow~ ehaU pay all coste of recordation. if any.
23 Attorney's Fees. As used in this Mortgage and in the Note. "attorney's fees ' shall include atbrney's feea, if any. ~rhich may be
awarded by an appellate rnurt_
l~ WITNESS WHEREOF. Borrower has executed thie Mortgage.
5igned, sealed and delivered
in the presence of:
.... ~~i'~~~-l. ..........................111-itnesa
'.. ..~ ......................... .
~ Witnesa
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Sesl
ROB~ . ~....... ........... _~)
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MARTHA P. STAPLETON
STATE OFFLORIQ~ . . .. . . . St : Lucie . . . . . . . . . . . . . . . . .. .. . . . . . . County ss:
I hereby certify that on this day, before rr.e, an officer duly suthorized in the state aforesaid and in the rnunty aforeesid to
take acknowledgements, personally appeared ... ROb~r~ . E... .S~apl.etnn. and .Mar.tha . P.. . Staale~on,. .bi.s . wi fe
. . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
foregoine~str~ument and acknowledged before me that ...~ .th@y. •••-•---• e:ecuted the same for the purpose therein
~'` ~~ , 12th . . . . . . . . . . . . .•.
. hand and of~cial~seal in the county and atate aforesaid this . . . . . - • - • - • - . - • - • • • day of
I~ . . . . . . . . . i"Id 1"CII . . . . . . . . . . . . . . . . . . . . . . 19. $ ~ . ..
' ''~/~i • i~Otd~ Pii~i::. St~~p Ol F:.^.;~~d ~I L 3: y2
~ ' ~ iAy Co.~.: ~ssia~ Ea}.i: cs k:~~g_ 3;f, 1 s~d
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/Spae~ Beloa Th4s L~ns Rtsv-rrd Fo- Lendrr and Rtoorde-I
Thia lnstrument Prepared by:
Mary Platt
First Federal Savinge and Loan
AsaociatiQn of Fort Pierce, Florida 334~0
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