HomeMy WebLinkAbout195718. Aoceleratloa; Remedfe~. Except s~ provided ia pus~rapA 19 hereof~ upon 8ore~ow-er'~ bre~ch of atpr oovenant or
agreement of Borrower ia thb Mort~ase. iacludla~ the oovennnta W pqr whea dpe ~q1- suua 4e~cut•ed by tbl~ Mort~a~e.I.e~der
prior to aocelerstloa ~hall mail aotioe to Borrower ~u provided ia para~n-ph 14 6e~eot~pecil~ (1) the breac6; (Z) the actloa
required to cure ~ueh breach: (3) e date. aot lew tban 30 d~y~ Qrom t6e d~te the notke i~ mailed to Borrower, by whkb sucL
b~each mwt bs cured; and (4) thwt isilure to cure ~uch breacb oa or before the date ~peciAed in We noUos my- re~ult in
ncceleratloa of the suma secured by thL Mortsase. toreclo~ure by jadicial prooeedta~ ~nd s~le of the Propert~r. The aotice ~haU
f'urther in[orm Borrower of the si~ht to reinstate sRer aoceleratlon and the ri~ht to wert ia the loreclosure proceedln~ the
non-e:isteace o! ~ detault or sny ot6e~ detease of Borrower to socelerotloa and [oreclosure. It the breacb L not cured on or
before the dwte rpeclfied ia the notice, Lender at Leader'~ option may declue all o! the ~um~ ~ecuced by thb llort~ase to be
immedietely due and payabla without tl~rther demand and meq- foreclose tbi~ llort~a~e by )udicial proceedin~. Lender ~hall be
entitled to ooilect ia such prooeeding all e:pen~ea ottoreclosure, includi~Y, but oot limited to, reawaable attorney's [ees. aud
coats ot documentary evidence, abstracta e~d title reports.
19. Bori~ower's Ri~ht to Retnstate. Notwithstanding Lender ~ aocelere~tioa of the eums ~ecured by this Mort~age. Borro~rer ~hatl have
the right to have any pmoeedings begun by Lender to eaforoe this Mortgsge diaooatinued at any time prior to entry of a jud~nent eaforcing
this Mortgage i[ (a) Borrower pays l.ender all sums which aould be thea due uader tlu~ MwRga~0. the Note and note~ recuria~ Pliture
Advances. if any, had no aoceleration occurred; (b) Borrower cuns all breaches of any other ooveasnb or ag[eemeats of Borrower contained in
this Mortgage; (c) Borrower pays all reasouabte e~cpenses incurred by Leader in enforcing the ooveaenta aad agreements of Bo:ro~rer
contained ia this Mortgage and ia enforcing Lender'a nmsdies as provided ia paragraph 18 hereof. inclnding. bnt not limited to. rea~onabls
attorney's fees; and (d) Borrower takea such action as Lender may reasonably require to assure that the lien of this MwrtQa~0.l~eader'~ intend
in the Prope~ty and Borro~v.er's obligation to pay the sums secured by thia Mortgage shall oontinue nnimpaired. Upo4 such payment and cnee
by Borrower. lhis Mortgage and the obtigationa secured hereby ahall r~aaia ia full foroe and effect as if no aooeleration hed oocun+ed.
20. Assi~ameat ot Reata; Appointment of Reoeiver. As additional security hereander, Borrower hereby asaign~ to I~euder the rents
of the P~operty, pmvided that Borrower shall. prior to aoceleration under paragraph 18 hereof or abandonment of We Property. have the right
to coUect and retain such rents as they become due and payable.
Upon acceleration unde~r paragraph 18 hereof or abandonment of the Properly. Lender shall be entided to have a reaiva appoiated by a
rnurt to enter~pon. take possession of and manage We Property and to oollcct the rents of the Propnrty. incindin~ thwe past dne. All reats
oollccted by the receiver shall be applied first to payment of the ooets of management of the Property and oollettion oir~ta, iacluding, bat aot
limited to. reociver's fees. premiums on receiver's bonds and reasonable attorney's fees, and then b the ~ums ~ecured by this Mort~aa~e. The
receiver shall be liable to acoount oaly for those rents actually received.
21. ~t+~re Advences. Upon request by Borrower. Lendu. at Lende~s option withia twenty yeare from the date of this Mortgage. may
maice Pliture Advances to Borrower. Snch Future Advances. with interest thereon. shail be secnnd by t1-u Mortgage when evidenoed by
promissory notes ateting Wat eaid notes ere aecured henby. At no time ahall the principal amount of the indebtedneas secured by this
Mortgege, not including sums advanoed in aceordance herewith to protect the security of this Mortgage, ezceed the original amount of the
Note plua U.S.i ~Onp -
22. Release. Upon payment of all sume secured by this Mortgage, l,ender shall release this Mortgage wxthout charge to Borrower.
Borrowa shall pay all costs of recordation, ii any.
23. Attorney'~ Fees. Aa ueed in thia Mortgage and in the Note. "attorney's feea" shall include attorney's fces, if any, which may be
awarded by an appellate rnurt.
IN WITNES.S WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the preaence of:
~
_- ~ - , (-~
~ ~ . ~..~c ./.-.. . :1. .....
- - . . . L. . . . . VBitness
C~~~y~~''~.~!.°~~-X~. . ~ . . . . ~ . . . . . . . . . .
. . . . . . . ~ itness
7'v~~-~-..~~ .~ ~ `G~~~ . (s~l)
~Ni{1RIAN~ G. NkCURMICIC,~ a ~single adult _sa.o.K
..............................................(Seal)
-BoftoKK
ST~~re oFFi,oe~nA . . . . . . . , , St: , Lucie . . . . . . . . . . . . . . . . . . . . . . County ss:
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 acknowledgementa, per8onally ap~ared . . . . . hfari an . G.. . McCormi ck,, .a, si ngl e _adul t, . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) dearribed in and who executed the
foregoing instrument and acknowledged before me that ..... She .....,..•, executed the eame for the purpoae therein
expreseed_ / ~
WITNESS my hand and offici seal in th unty and state afor ~id this . . . . . . <. .~ . . . • - • • - • • • • • • • • • • • • • day of
.............................~ ... . .~........._.. . 19..~_
"~.~ L ~ ST-+i~- at is-+!
,~y~ n ~cpi=es:p^c°ro A'1, E.~• . ~ . r~ i4ti ~ - _ , ,
d ~ "Y µ~~":.~'' ._;`', ~. . ... /.-~:~~G~_iL.--(.'..... .....'.-~.I...........
. '~s~ /' -~G•
~ `t ~ . ~.rc ~ Notary Public
Q t r~ p.}R,1~
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i9a '• ~fr-S ; ~ • ,~ - - ~Space I3eG,u~ Thi+ /.~ne K~srri~td tor /.~ndar and R~corde-I
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Ig~I MAR I 6 RK ~~' 0~
Prepared by:
Ti~ie ~nstrument
Steve Day ~ 5T ~~ ~ cou~ Y~ii-.
Firat Federal Savings and Loan ttpGEH POITRAS
CLERK CIRCUIT LCURS ~
Asaociation of Fort Pierce, Florida :i345U
a~ ccf.n ~E N~ra~ ^_ -_ -
S~A431
a~~35Cj P~19~5
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