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HomeMy WebLinkAbout217718. Aoceleratlon; Remedle~. ~oept s~ pwvided la pars~raph 17 heeeof. npoa Borrowre~'s breach ot aWr oovenant or a~reemeat of Borrower in thi~ Mort~a~e, iacludlas tbe oovenanta to pqr w6ea due aq~r wtn~ ~ecured b~- t4i~ Yoetsa~e.I.sadee prior to aooeleratloa shall matl aotioe to Borrower ~ provided in p~r~rap614 hereoispecllyia~: ll ) the breach; (Z) the actlos requtred to cure ~ucb breacb; (3) w date, aot lew t6aa 30 dqrs Qroa~ tbe date the notios L mwiled to Borrow~er. b~r w-~k6 wcb breach mwt be cured; and (4) that failure to cure such breach on or before the dwte speciAed W tbe aodoe ma,~- re~ult W soueleratlon of the wm~ ~ecured by thL Mortsasa [oreclwure by jndlcial prooeedins ~ad s~le ottLe Propeety.lbs aotioe ~haU 1lurther iniorm Borrower of tha ri~bt to rei~utate ~Aer aooelentioa ~ad th~ ri~6t to weri in tbe foreclwure pe~oceedlas tbe noa-e~tenos o! a default or wn~r other defe~ue oi Borrower to aoceler~tioa aad foeeclosure. I! the breach L not cured on or before the date ~pecified ta the aotloe, Lender at Leader'~ optloa ma~- declare all oi the ~uau ~ecured bp tbi~ Mort~s~e to be immediately due ead pe~yable wlthout ltirther demand aad m~y foreclwe thL Yorc~.se by)udlctal prooeedin~. Leader ~hall be eatitled to collect iA such prooeedia~ aq expeases of foreclwure. lacludia~. but aot ILaited to, reawnwble ~ttorney'~ fee~. ~ad costs of documentary svideace, s-bstracts and title reparts. 19. Borrow~er's Ri~ht to Rein~tate. Notwithstanding Lender'~ aooeleratioa oithe sum~ ~ecured by thi~ Mort~a~e. Borrower ~haU hsve the right to have any prooeedin~ begu~ by Lenda to enforce this Mort~sQe di~contianed at any time prics to sntry of ~ jndQmeat ~forcin~ this Mortgage i~ (a) Borrower pay~ Leader all sums ~rhich would be thea due under this Most~aa~s, the NoLe and aote~ ~scurin~ PLtue~e Advanoes, if anY. had ao aooeleratioa oocurted: (b) Borrower cures all breaJ-er of aay other oovenaata or a~reemet~b of Boetower oontained in this Mortgage; (c) Borrowet pays all reasouabk e~cpenees iacurted by Lepder ia eafon~in~ the ooven~nb and aQreemenb of Bor~ower oontained in this Mortgage and in enforcing Leader's remedies as pmvided ia para~raph 18 hereof. includin~. bnt aot limited to. r~onabls attorney's fces; and (d) Borrower talces such action as Lender may reasonably reqnire to sssure that We liea ~thia Mort~age. Lender's intered in the Property and Borrower's obligation b pay the suma secured by thia Mo:fgage ~haA oontinue unimpaired. Upoa snch p~ymmt and care by Borrowa. this Mottgage and the obligatione secured hrreby shall remain in fuU foroe aad effect ai if no aoceleratioa 6ad oocurred. 20. Assi~nment ot Rents; Appointment oi Reoeiver. M additioaal aecurity henuader, Borrow~ hereby ewi~n~ to I.s~der tbe rent~ of the Property. provided that Borrowrrr ahall. prior to soceleration under para~graph 18 hereof or abandoameat of We Propeety. have tbe ri~ht to rnllect and ntain such nnb as they become due and payable. Upon acceleration under paragraph 18 haeof or abandonment of We Property. Lender ~hall be entided to have a reoe~ver appoiated by e oourt to enter~pon. take possesssion of aad manage the Property and to ooUect the rents of We Property~ inclnding Wwe past dne. All resh oollected by the noeiver shall be applied fint to paymet-t of the ooste of manageoneat of the Pcoperty and oollectioa of eents, inclndin~, bat aot limited w, receiver's fees, premiuau on roaiver's bonds and nasonable attoraey'~ fees. and then to the sums ~ecured by this Mort~age.'ILe reoeiver shall be liable to aooount only for thoee rents actually e+eoaved. 21. Fhture Advancea. Upoa request by Borrower. Lender. at Lende~'s option wilhin twenh- Yean fmm We date oithis Mortgage. may make I~tun Advanoes to Horrower. 3nch I~tnre Advaaces. with intesest thereon. ~hall be ~en~red bI- this M~e whea evideooed by pmmissory noLea stating that said notes are ~ecnnd hereby. At no time ahell the principal amount oi the iadebtednw ~ecnred by this Mortgage. not inclnding sums advanoed in socordanoe herewith to protect the secnritY of this Mortgage. e:oeed t1u ori8ind amonnt of the Note plw U.S.~ I~(~p 22. Release. Upon paymcnt of all sums secwed by thia Mortgege, I.ender shall release this Mostgege w+ithout charge to Borroaer. Borrower ahall pay all coste of reoordation, if any. 23. Attorney's Fees. As used in thia Mortgage and in the Note, "attorney's [ces" shall include atLomey's feea, if any, which may be awarded by an appeUate court- IN WITNESS WHEREOR Borrower hae executed this Mortgage. Signed, eealed and delivered in the presence of: ` ` ~ . . .............. .~ ... .......(Seal) .. .... . . ....C/... . j W;tness RY ELLO, a single adult -~-~ ............... ........................ ... ..............................................(Seal) Witnesa -eo^°R~' St. Lucie STATE OFFLORIDI* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COUIIty S8: I hereby certify that on thia day, before rr.e, an officer duly suthorized in the state aforesaid and in the county aforeesid to take acknowledgements, pe~onally ap~a~a .. .Gary. W. , Lanel 10,, a . s i ng~g. .~~ul t.~ . . . . . . .. . . . . ... . . ... . . . . ... . . . . .... . . . .. . . .. : . to me known to be the person(s) deacribed in and who execated the ................ .. foregoing instrument and acknowledged before. me that . . . . he . . . . . . . . . . . . . executed the same foj the purpose therein eapressed. /~?•~ WITNESS my hand and o eal ~in ~t county and atate aforesaid this . . . . . • - • • • • • • • • • • • • • • • • • • • • • - day of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . l,~~C:n~J• • . . . . . . . . . . . . . . 19. .~~. 1~iy Cowmiasion pacpires: ~+~1- A6ic. St~1e ol Roridr d t~ / /~ ~ 1i..uuuir ~` Mr Ca~wissio~ E.pi~p Na. 16. 19~2 ~7 ( I ~r('~ ~~(~~l• b~.fvJ Ir •.~~:c~~ l+~ A C~w'r Caw:Nr ,,. ~~1- . ... ---1......... .~..z..~...~-.... ... .--~--.....~....--~-~-. -... .. ,, ~ • ... ,,:,. -S . ~+, ti~~ \ ~~.o . ~ =, ~~ Notary 'e ~. • O • fl ~ . - ` ~ _ . ii . ''1 _ _»_ _ - _ - ~~€ ~ i r ~'' 1/ '. _ f ' ~ ~l V ' ~ ` ' `) ' ~~j ( . J ~ . . ~f .-r ,\ . This Inatrument Prepared by: James A. TenEyck • /Spact HeGxa• Thu L~nt Rtsen•ed For Lrndtr ond Rtco~dt-1 First Federal Savinga and Loan Aasociation of Fort Pierce, Florida 33450 I981 ~t~R I 7 a~~ ~~ 8 illE~ ~Mf ~ECOHiif p sr.~uciE cou,~cY ft a. RCGER PGIiRAS CLCkK CtRCtNT CCI, ' 4rC':Ff 1'tP'~~!^ -- ~st~~ -- v ~~~46 J~~ i~R " ~^~~ ~ P~Gf ~,~ ~i ~ ,.__>f~