HomeMy WebLinkAbout217318. Aoceleratton; Remedlea. B=cept a~ peovided in par~raph 1T bereo~. upon 8ore~wer'~ bre~cb ot weq- ooven~at or
esreemeat oi Borrow~ ia thb Morts~e. includlu~ the ooveaaata to p~,~r wh~a due ~n~r ~um~ ~e~vred b~- thL Yort~~e, I.endee
prior b wooelerstlon ~hall mail uotloe b Bore~ower M pmvided in pan~raph 14 hereotspecllyin~: (1) tbe bre~c6; (Z) the action
required to cure wcb breacb: l3) a date. aot le~a th~n SO da,~-s tMm tl~e dats the notjos L m~lled to Borrowrer. b~r w-6k6 mcb
breach mwt be cured: ~nd (4) tA~t latlure b cnre wch breach on or before the date spsciAed In the aotios ma~- reailt ia
aooeleratiou of the wnN ~ecured by t6L Mort~a~e. forecl~ure by judlcisl prooeedie~ aod ~ale oithe Propssty. T6e notioe ~hall
f~rther iaform 8orrowrer of t6e ri~ht b e~eiastate wRee aooelentloa iwd the ri~ht to wsrt ta the foreclowre proceedia~ the
non-e~atenoe of a default or aqy otber defense ot Borrower~to aooeleration aad foreelo~ure. If t6e breach L not cured oA or
6efore tl~e date ~peciAed in the notk~s, I.ender wt Leader'~ optton m~,~- declare all oi We wm~ ~ecured b~ thL Mortsa~e to bs
immediately due wnd p~vable without l~rtber demnnd ~nd mq- foreclo~e Uda Mortsa~e b~r judkial prooeedin~. Lender ~hall be
eatltled to oollect ia wch prooeedln~ all espease~ otforeclo~ure.lncludins. but not limited to, reawaable attorney'~ foe~. wd
coses ot docu~aeatar~- evideaoe, ab~trwcta and title reports.
19. Borro~v~'~ Ri~bt to Relastate. NotwitbatandinQ Lende~'~ eooeleration of the ~am~ ~ecueed by tbis Mo~a~e. Borrowu ~haU have
ct,e righc co have any rrooeedin~ be~n by t.~,de~ so entace thu Mo~tga~e a;.oontiauea at.ay einae p~ios to ~try oi • jnagma~t enforcin~
thi~ Mort~a~e if: (a) Borrower pqy~ Lsnd~ all su~ ~vhich would bs thea due und~ thi~ Matsa~a, the Note ~nd notes ~ecnriag I~ture
Advaaoe~. it aay. had no aooelentioa oavrred; (b) Botrower cun~ all breaches of any oWer ooveAanb or ~ts of Borrow~ ooatained in
Wu Mortgage; (c) Horrow~ pqy~ all reawuabk ape~ u-cure~ed by Lender in enforcing the oovenat~t~ and sgreeinent~ of Borrower
ooatained ia thi~ Mort~age and in entorcing Leader's remedies a~ provided in peragraph 18 hereof, iaclndin~. but not limited to, rwonabls
attorney's fee~: and (d) Borrower take~ ~uch action aa Leader may re~onably require to aanre that the liea of thi~ Mo~rt~s~0. I.~d~'s iatend
in the Propaty and Borro~rer s obligatioa to pay fbe sum~ secured by this Mort~aQe ahall coatinue unimpeired. Upon ~uch p~ym~t and cnrs
by Bocro~rer, this M~tgage aad the obligstiot~s secnred hereby ~hall remain in tull fo~ae end eKect as if no sooeleration bad oocurred.
20. A~slp~meat of Renta: Appolntment of Reoeiver. As additioaal security hereunder. Borrower hereby awiga~ to L~-dar the reata
of the PeopaRy. provided that Borrower ~hell. prior b aooelastion under paragraph 18 hereof or abandonment of the Prope:ty, have the ri~ht
to oolled and retain snch re~b as Wey bernme dne aad payable.
Upon acreleration nnder paragraph 18 h~reof oe abandoameat of the Propaty. Lender ahall be entitled to have a reoeiver appoiated by a
oourt to enter~npon. talce po~esdon of and manage We Property and to ooUect the renb of the Propeirty. includin~ Wwe pad dne. All e+enb
oollected by tlu reoeiver ~hall be applied 5rst to psyment of We oosts of managemect oithe Propezty and oollection of reata. iaclndin~, bnt not
limited to. reoeiver's fee~. P~aaiums on e~eopves'~ bonds and nasoaabte attoraey'~ fee~. and then b the ~um~ ~ecured by thi~ Mort~a~s. ZLe
recaver shall be liabk to aooount oaly for thwe rents actually reosived.
21. Fhtue+s Advance~. Upon requed by Borrower. I.enda. et [.ende~s op4on writhin twenty Y~rs fsom We date of Lhi~ MoitSe~e. maY
make Fbtun Advancu to Borror-u. 3vch Fhtan Advanoes. with intered the~eon. shall be ~ecund bY tbis Mo~aBe whe~ evideaoed by
promiiwry notes statiag that said note~ ara ~eeured h~eby. At oo time shaU the principal amount oi the indeMednea sscured by this
MortBage. aot inclndu~~ sums sdvanced 'w aoootdance herewith to Prot~e~.t the ~ecurity of this MortQeSe. e:ceed the original amount of We
Note plu~ U.S.i N(1NF
22 Releaae. Upoa payment of all sums ~ecured by thi~ Mortgage. Lender shall rel~ase this Mortgage Mrithont charge to Borrorrer.
Borrower ahall paY a11 casta of recordation, i[ any.
23. Attorney's Fees. As wed in this Mortgage and in the Note. "attoraey's fces" ihaq include attnmey's fee~, if any, which may be
awarded by an appellate court.
I~i WITNESS WHEREOF, Borrower hae executed this Mortgage.
Signed, eealed and delivered
in t~e preaence of:
. . . . . . .'."~'S:~/!~4~G~. . .(.,/. . . . . . . . .
~ ~ ~ 11Vitneas
...~. . .........` ..: ... ......... ...
~ Witness
. . . . . . . . '~?! . ~~~ . . . . . . . . . . . . . . . . (Sesl)
J S . BELL -~°^°~°
~ :.,a,~- ti-. . .Y.~. ~. `~ : : .~ ~'~ : . . . . . . . . . cseal)
LESLI~ H . BELI -8orow°
St. Lucie Count se:
S TATE OF F LORID/~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . y
I hereby certify that on this day, before rr~e, an officer duly authorized in t; s state aforesaid and in the county aforeaaid to
cake acknowtedgemente, pereonally appeared . . . . . .JAN~S. .0.. .BEl.L. dDd .LESLIE . H. . B~ELL, . hi s. wife,. . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the peraon(s) deecribed in and who executed the
foregoing instrument and acknowledged before me that ... tFtey. ....-••-•.• executed the asme for the purpose therein
expresaed. ~
WITNESS my hand and offici al in t county and atate aforesaid this .............. ~.~ ... ........... day of
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~:~%:~;~~~f. . . . . . . . . . . . . . . , 19 ~ ~ . ..
Ny Coma~ission expirea: ~,t'n ~"~" State c! R,.~a at ~qe - , r, ~ ,
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~ 4. : ISpan Ii~lou• Thu Line H~aan~ad for Lende. and Rtc+orde-/
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This Instrument Prepared by: ~~R ' T ~+ ~~8
Thomas H. Henson
First Federal Savings and Loan
Asaociation of Fort Pierce, Florida 33450
FIIEC ~hC FfC0~0E[~
S RfGER POII~I:S~
c:fP+t uacuiT cau~•
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dnOK~JU PaGE~~~1
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