HomeMy WebLinkAbout216918. AoceleswtioA; Remedles. Bsoept ~a prnvided iA pwr~rapb 17 bereot. upoa 8orrower'~ breach ot W ooveaaat oe
e~eeemeat ot Borrowee in thb Mortsw~e. Includin~ the oovea~ata to py- whea ~e ~sy Mua~ ~e~qe+~dby tbis Yort~a~e. Leade~r
prior to ta:eleratioa ~hwll msil aotice to Borcower ~s provided ia para~raph l+hweot~pedtyin~ H)1he braach: (Z) tbe actlon
required to cure such breacb; l3) ~ date. aot lew th~a 30 day~ tlrom t6e date the notke L mdled to Borrow+ee. by wbich wcb
breach mwt be cured; aad (4) tbst faUure to cwe sucli brewch oa or before the date ~pecltied ta the aotlos ma,r rewlt in
aooeleration of the ~um~ ~ecured by thL Dtort~a~a foreclo~ure by judlcial prooeedias ~ad ~ale olthe Propeety. Tbe notioe ~hall
t~rther infona Borrower ot the risht to relntt~te wtter aooeler~Noa aad the ri~ht b Wert in the toreclwure proceediey tbe
aoa-est~tence o[ a deiwlt or wq~- oiher defen~e ot Borrower to aoceteratioa and [oreclosurs. It t6s brewch Is not cured on oe
before the date speciAed in We aotice. Lender ~L Lender'~ optlon ma~- declere all otthe sums sea~red by thL Mort~a~e to bs
immediate~ due aad pa,yable without turther demand aad mav [oreclooe tl~L~ D[orts~e b~- Judicfal prooeedia~. I.eader ~hdl be
eatitled to oolleM ia ~uch pro~eedia~ e~ll e:pea~e~ ot toreclwure, iacludin~, but aot limited to. reawaable attorney`~ fee~. ~ad
costs oidocumentary evidenoe. abetracta and title reporta.
19. Borrower'~ Risht to Reiiutate. Notwithstanding Lender's acceleratioa of the ~ums ~scured by this Mort~a~e. Boiro~-er ~hall have
the right to have any prooeeding~ be~un by Lender to enforoe this Mortgage di~oontinued at any time pzior b~try of a judgment eafoscinQ
this Mortgage if: (a) Borrower pay~ Lender all euau which would be thea due under thi~ Mort~a~0. the NMe and AoLes ~ecurin~ FLture
Advances. if any. had no aaelecatioa occurred; (b) Borrower cures all breache~ of any oth~ oovenanb or ~reements of Bormwer oontaiaed in
this Mortgage; (c) Borrowrr pqys sll reasoi,able eacpenses incurred by I.ender in eafordn~ the ooveasnts and agre~meat~ of Borro..e~
oontained in this Mortgage and in enforcing Leada's remedies ae pmvided ia paregraph 18 hereoi, includin~, bnt aot limited to. reawnabls
attorney's fces; and (d) Borrower takes such action as Lender may reasonably raquire to assure that We liea of this Mort~age. Lender'~ intered
in the Property and Borrower's obligation to pay the su~ns secured by thia Mortgage shall oontinue unimpaired. Upon such paymeat and cnre
by Bormwer, thii Mortgage and the obligations secured hereby ahaU re~nain in full foroe and a~ffect as if no aooel~ation had oocuired.
20. A~sisameat of Rents; Appointment of Receiver. As additional security hereunder. Borrower hereby a~tig~u to Lendet the renta
of the Property. provided that Borrow~ ahall. prior to aoeeleration uader paragraph 18 hereof or abandonment of the Property, have We right
w collect and ntain such nnta as they become due and payeble.
Upon acoeleration uader paragraph 18 hereof or abandonment of the Property. Lender shell be entitled Lo have s reoaver appointed by a
oonrt to enter~pon. take poseeesion oi and manage the Property and to oollect the rents of the Property. iacludiag those pa~t due. All ra~t~
coUected by the reoeiver shaA be applied firet to payment of the oosta of managementof the Property and oollection of r~tr. includin~. bat nd
limited to. noeiver's fees. pmeminms on receiver's bonds and reasonable attomey's fees. and Wen b the ~ums ~ecured by thi~ Mottga~e.'1Le
receiver shall be liable ~o aooount only for those renta actually reoeived.
21. Phture Advsace~. Upon request by Borrower, I.eada. at Lend~s option within tweaty years irom the dete of this Mortgage. may
make I~tun Advaaoes W Borrower. Snch ELture Advancee. with interest thereon. shall be ~ec+~red bY this MostgaBe wh~ evidenoed by
Mortgage, not incladi~6 that ~~oed~ a~ cco~ heeewiy'th to ~protect the~securit~jr of this Mort8a6~. uoeed the osigiaal a~mo~unt of the
Note plw U.S.i ~~
22 Release. Upon payment of all sums secured by thia Mortgage, Lender shall release this Mortgage w+ithout charge Lo Borro~ve:.
(3orrowe~ ahaU pay all costs of ncordation, if any.
23. Attorney's Fees. As ueed in this Mortgage and in ihe Note, "attorneyi s feee" shall include attorney'e fees, if any. which may be
awarded by an appellate rnud.
IN WITNESS WHEREOF, Borrower has executed thie Mortgage.
Signed, eealed and delivered
in the presence of:
~;`!l ~`'lA.lQ-Y. ~ : . . . . . . . . . . . . .
~ 1Nitneas
.... .. ...................
. . . .. . . . . . . .. ' w~ineg8
.. ~ai~~C'~: s= r• -... .~. ........`/~.s-..
MILT PATRICK JR. ~
.... ~~d~Q.. . ~~...
CASSANDRA PATRICK
STATE OFFIARIDA, , , . , , . . St: Lucie . , County ss:
.. .... . ~.SCAI~
_ee..~,.a
......~~~>
-IlOffo~R
I hereby certify that un thia day, before ~r.e, an officer duly authorized in the atate aforesaid and in the oounty aforesaid to
take acknowledgementa, peraonally appeared .... M1I~..TUN . PATRICK, . J R..> . and. CASSANARA .PA~RI C~,. .bis .~i fe
. . . .... . . .. ... . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .. . . . . . . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that ... tll@y. ........_.. executed the same for the purpoae therein
expreased. - , 13th
~lyI'I'N~~1x,hand and official aeal in the county and state aforesaid thie . . - • • - • • • • • - • • • • • • • • • • • • - • • • • • • • • • day of
~., ,;• ~~, , March .......... , is...$)..
-----...t. ,,..~.~~t4;,~: ............... ....
. .
- -..;;,,~; %
~i Com ; e~p~~es'~' f~btary Put~ic, State ot Flosida at :arge
y~ m~3~ -
~ 'r '~: Mr Comnnzswn Ex fires Aag. 3G. 1984
: ~ t' :~'
r` ~ ~- ~d TLr iro7l Fw luYrwc~ M~,
.~' . • • ~ _... .... .....-•••--. ._....-•---•• .......................'--••--•.•
~~~ --t, ~j~'~t Notary !'ublic
~'' ~ - L ~ ~ ' ~•n _
e~ ,~i . ----
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~ya ~ ~ .~',
~I. ~•
'"• tSpace lfPG.u Th~s /.~nr Hrs~•~otd For L~ndai ond Ree~~darl
I~I NAR I 7 h'~ ~ 48
This Instrument Prepared by:
Mary Platt
Firet Federal Savings and [.oan
Association of Fort Pierce. ~ lorida :3.`~450
~~~ ~~o ~~Ez~s7
FILfO ~tif ~f CO~~Af 0
S ROGER ~U11RAS~~
CLEI+K CIRCUtT C.^' ~
uf^r~-' .~F;'•"'' _~
5;~0544
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