HomeMy WebLinkAbout276818. Aoceleratbn; RemedIe~. S:oept u provided 1A para~rapb 17 bereot. upon Borrawer'~ breach o! aa,r oovenwnt or
~p~eemeat ot 8orro~vee in th4 Mort~~e~ LICIY~IA~ the ooveu~uta to pqr w~6endue aay wm~aeatred by tbi~ Mort~~e.I.eader
prior to aooeleration slu-U mail aotloe to Borrow~as a~ provided in pwra~r~pb 14 hereof ~pecilyia~: (1) the breacb; (Z) the actloa
required to cutw wch brewch; (3) a date. aot lew thwa 30 day~ trom the date the notics L mailed b Borrower. by whlch wch
bre~ch mwt be cured; aad (4) that failure to cure such breach on or before the dwte ~pociAed in tLe aotios ma,~r rewlt ia
aooelesatbn otthe wm~ ~ecured by this Mort~~e. foreclo~ure by judiclal prooeedln~ aaa sale of the
l~rther in[o~a Bore~ower oitbe rl~6t to reiast~te wtter aooelesatioq ~ad t6e ~y~~~~~~~
risht to wert ia tbe foreclosure proosedins t~e
non-esLtenos oi ~ defwlt or aay other defease o[ 8orrower to aoceleradon snd toreclosure. If the breach is aot cured oa or
be[ore the date ~pecltied in t6e notjce, I.eadsr wt Leader'~ optton may declue all ot the ~um~ ~eaired by tbis Yort~a~e to be
immediwtely due arid pa,yaW e without t~rtber deeaaad and ma,~- forecloee thi~ Mortsa~e by judtci~l proceedta~. Lender ~hall be
eatiUed to oollect ta ~ucb prooeedia~ ~il espea~e~ of foreclosure, iacludia~, but aot I1mlted to. reasoawble attorney'~ tees. aad
oosta of documeatary evideace, aMtracts and title reports.
19. Borrow-er'~ Ritbt to Reinatate. Notwithstanding Lender's aoceleration of We sums secured by thi~ Mort~ege. Bos~ower shaU have
the right to heve aaY Prooeedings beQun oy Lender to entoroe this Mortgage disoontinued at any time pria~ to e~-try of et jud~ment enforcing
ehis MortgaQe if: (a) Boreower pqys Lendar all sums which would bs then due nnder thia Mori~a~e, We Note and noter ~e~vring Plrtnre
Advenoa. if aaY. had no aooeleration oocun~ed: (b) Borrower cures all breaches of any othat ooveaaat~ or a~eeements of Borrowar oontained in
t!w Mortga~e; (c) Borrower pays all reasousble aupenses iacurred by Lender in eaforcing the oovenants and agreement~ of Bormwes
oontained in this Mortgag~ and in enforring Lender's nmedies as provided ia paragraph 18 hereof. inclnding. bat not limited to. reeuonabls
attomey's fas; ar-d (d) Borrowe: takes such action as Lender may reasonably requin to ae~ura that We li~ of this Mortgage, Lendar's intere~t
in We Propa~jr and Borrowe~'s obligatioa to pey the sums secured by this Mortgage shaU ooatinue unimpeired. Upoa ~nch paym~t and curs
by Hormwer. this Martgage and the obligations eecured hezeby shall remain in fiill faroe and dfect es if no aoal~ation had occurred.
20. As~ip~ment of Rents; Appointment of Reoelver. As additional security hereunder. Borrowet hereby aesigAS to Leuder tbe ren4
of the Proprriy. p~ovided that Borrovver ahall. prior to aaoeleration under paragraph 18 hereof or abandonment of the Property. have ths right
to rnUed and n~tain snch rents as they become dne and payable.
Upon aooeleration under paragraph 18 hereof or abandonment of the Pe+operty. Lender shali be eatided to have a receiver appoiated by a
c~ourt to enternpon. take poeseasion of and manage the Property and to oollect the rents of the Prope~rty. indnding thwe pad due. All raab
aoDected by tl~e reoeiver shaU be applied first to payment of the oosfa of management of the Property and oollectioa of r~fa. including~ bnt aot
limited to. reoeiver's fees. p~emiums on e~eoaiver'a bonda and nasonable attorney's fees. and thea to the ~nma eecured by this Mort~age.'!be
receiver shall be Gable to aooount only for tha~e renta aetually reoeived.
21. Pbtnre Advaace~. Upoa reqaed by Bormwer. Lender. at I.wde~s option within tweaty years trom the date of this Mortgage. may
make Fntnre Advaaoes to Borrowrer. Such Iihtnre Advanoea. with intereet thereon. ~hall be ~ecured by thi~ Mortgage ~nc~n evidenoed by
promissory notcs stating that said not~s an secund hereby. At no time shall the principal amount of the indebtednas secured by this
Mortgage. not includiag sums advaaced in aooordanoe herewith to protecK the security of ~hia Mortgage. e:oeed the original amount of the
Note plus U.S ~ ~nur _
22 Iielea~e. Upoa payment of all sums secured by this Mortgage, Lender shall telease this Mortgage wiLhout charge to Borrower.
Borrower shall pay all costs of reoordation, if any.
23. Attorney's Fees. As ased in thia Mortgage and in the Note, "attorney's fees ' shall include attoraey's fees. if any, which may be
awarded by an appellate rnurt.
IN WITNESS WHEREOF. Borrower has executed thia Mortgage.
Signed, eealed and delivered
in the preaence of:
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~ 11Nitnesa
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Witnesa
' RVI~I"~f
STA1'E OFFLORID/~ ... . . .St-. •l~ucie . .. . . . .. . . . . . .. . . .. . . . . . . . County ss:
.'....... ... (Seal)
_~.Q
I hereby cerfify that on this day. before ir.e. an officer dul~r- suthorized in the state aforesaid and in the oounty aforesaid to
take acknowledeements, pereonally appeared..'~"~..RVIN.WIIVINGER, dnd, MARY, JAIV~ ,~IIN~J~~~.R,, j1j~ .4rifg.}.......
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) deacribed in and who esecuted the
foregoing instrumer~t and acknowledged before me that ........... ttl@y. ... executed the same for the purpose therein
expresaed. r~
WITNESS my hand and offi ~ 1 al in the unty and state oresaid this . . . . . . . . . . . . .~ . . [. . . . . .. . . . . . . . . . . day of
. . . . . . .. . . ...... . . .. ... . . . . .. ~~..a:~~.~-.~~. .. . .. . . . .. .. . ~s~ 1...
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Ny Commiasion ezpires: ~~ fliic. SWe ef ~1a~+ +~ ~
``,t~v«^~u~tr,,,4 ~ (,~s,io~ Eyias No.. 16. 1982 // ~ ~ , •
~- ~ Y ~~, M/d b A.,ra~. i.. i G.M~'~ ca.:..: (~ ~ ~
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Thia lnstrument Prepared by:
~Space At1ou~ Th~s Une R~serced Po- L~nder end Rec+nrderl
~~O~~O
Mary Platt
First Federal Savinga and Loan
Aasociation of Fort Pierce, Florida 33450
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go~x ~50 PaGE 2766
1981 MAR i 8 PM ~ 34
c~~ce ~hc F~coaof o
ST I.UCIf. CCU!-T y. t l A.
RCGE.R POIiftAS
CtCRK CIRCUIT ta -
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a ~Marvin~ Z. ~Mlin~-pgerk