HomeMy WebLinkAbout277218. Accoleration; ~temedje~. B=oept u provlded in parasrRpb 17 hereoi, apoa Borrow-er'~ b~reac6 ot aq~- oovenant or
a~seement of Borrower in thL 1[ort~ey~e, includin~ the ooveaRats to pay ~-hen dve aqlr wuw ~ecvrod by t61~ Yort~a~e. Lendee
prior to e-oceieratloA ~hall maU aotioe to 8ortowee w~ p~ovided irn W~r~raph 14 6ereof ~pecifyrin~ (1) the breucl-; lZ) the a~ctlon
required w cure such breach: (3) a date. aot leas th~n 30 da~-~ !1 om the date the notks i~ m~iled to Borrower. b~- ~rhicb such
breach mwt ba cured; and (4) thot isifure to cure ~uch breach on or before the date ~psciAed in the nodce ma~r rewlt tn
aooeleratloa o! the wm~ ~ecured by thb Mort~a~e, foreclosure by Jadicial proosedias ~nd sale otthe Peopert~r. Ths aotice ~baU
A~rther inform Borrower of tbe rl~ht to ninatate wAer acoeleration ~ad the rl~ht to aMSrt in the foreclosnre pra7sedio= the
noa-esi~tenca of w def~ult oe aqy otber deteu~e of Horrower to aa:eleradon and foeeciwure. It the breach L~ not cared on or
before the date ~peciAed in We notios, Leader ~-t Leader'~ optlo~- mau- decl~'e ~110! Ws ~um~ aecured by thl~ Mort~a~e to be
immediately due aad W~yable without ltirther dempnd ~ad me,y tocecloee t6is Mort~w~e b~r )udiciaL pcoceedinL. I.e:-der sh~U be
eatitled to collect in such prw,~eedin~ all eYpen~e~ of foreclwure, tacludin~, but eot llmited to, ~eawnsble attorne7'~ fee~, and
coeta of documeatas~r evide~ce, sbtra~cta aad title reporta.
19. Borrowee'~ Risht to Rein~tate. Notwithstandiag Lendes's aoceleratioA oithe ~~aa~ secwed bY thi~ Mott~s~e. Borrorver shall have
the right to have saY Pmoeedings begun by Leader to enf~roe thia Mortgese diaoontinued at any time p~ior to ~try of a judgmeat eaforcing
tbis Mortgage i~ (a) Bor~o~rer pqys Leader sU sum~ which ~rould be thea due nnder thi~ Moet~~Ys. the Note end nobs ~ecuring PLtan
Advaaoes. it aay. had no acceleratiaa occurred: (b) Borrower cuses ali bY+eaches of aay oth~ooveaant~ or ~e~semeata of Borro~-er oontsined in
this Mortgags; (c) Borrowa peya all reasouabk espenses incurred by I~der in enforcin~ !M covenewts and sgreom~t~ of Borro~rer
oontained in this Mort~age and in entozcing I,eAde:'s remedies as provided in paragraph 18 h~eof. inclnding. but not limited t~o, neauonabls
attorney's fees; and (d) Bo;row~ take~ such ection as Lender may nasonably require b assurelhat the lien of this Mwrt~aQe. I.ender'~ inten~t
ia the Propesty and Bormwee's obligation to pay the snms aecund by this MortSage ~haU oontinne unimps3red. Upon ~uch paym~t and cnre
by Borrower, this Mo~tgage and the obligations se~vred hereby shall reaoain in inU foroe and e(fect as if no aooelecation hed ooc~rred.
20. Assi~nment o! Rent~; Appointment of Reoeiver. As additional ~ecurit3- herew-der, 8orrower heeeby a~n~ to Lender tbe ra~ts
of the Property. provided that Bonovver sha11. prior to sooeleration ander paragraph 18 hereof ~ abandotumeat of the Pcope:ty. have the rigbt
to oollect and retain such rents as they become dne and payable.
Upon aoceleration under paragraph 18 h~reof or abandonment of the Property. Lender shall be entiUed to have a ncxiver appointed by a
+oo~t to enter.upon. tske pos~essioa of and manege the Proparty and to oollect We r~t~ of We Property. ineludin~ tho~e pad due. AU re~h
ooUected by the reoeiver ehall be applied Srat to paym~t of the ooats oimanagement of the Property and oollection oir~-ta. incl~din~, bnt not
limited to, raoeiver's fees, pramiums on reoeiver's bonds and nasonable attomey's feee. aad then to the sums ~ecered by this Mort~a~e.'lbe
reoeiver shall be liable to aooonnt only for tbwe rents actually reoaved.
21. tfitne~e Advance.. Upon requesc by Borrow~r. Lender. at Lendee's option within tare~nty Y~ imm the date of this ModSaBe. ms3-
make F~ture Advances tfl Borro~er. 3arh Fbture Advaac~. with interest thezcon. ahall be aecured bY this Ma~tgaSe when evidenoed by
promissor5- notes sfating that aaid not~es sse secured herebY. At ao time ahaU the principel amouat of the indebtedne~s secvred by thii
MortBage. not including s~~ vanoed in aa~ordanoe herewith to prote~.~t the secarit3- of this Mort8a8e. esoaed the oriHinal amonnt of We
Note plue U.S.i -
22. Relea~e. Upon payment of all snms secured by this Mortgage. I..tnder shall nleas~ thia Mortgage without charqe to Bormwe~.
gorrovver shaU paY all coste of recordatiun, if anY-
23. Attorney's Fees. As used ia this Mortgage and in the Note. "atWmey's fees" shall include attomey's feea, if any. whicb maY be
awarded by an appellate court.
IN WtTNESS WHEREOF. Borrower ha8 executed thie Mortgage.
Signed, sealed and deGvered
in the preeence of:
~ Yn i. ~ n nL I ~~n...~dD~i iS -..~1J.~'~~-t~........... tSP.~~
. . ~If W.~-S-ir. .i~r. : . : tY. ~'': 1V . . . . . . . . . . . . . . . . . t . . . . . . . . . . : . . .
f ~ 1iVitness CARNELLE B. CL I FTON , a s i ngl e adul t-~°-~
~ , ... ..............................................(Seal)
. . . . . . . . . . . . . . . . . . . . . . . . . . Witness -so..o..~
STATEOFFLORID~...... St:. ~uCie ........................... County es:
I hereby certify that on thia day. before rc.e, an officer duly suthorized in the state aforesaid and in the county aforesaid to
take acknowledgements. personally appeared . . GARN~l,1.E. ~ . . .~~1.~~ ,. .a . si nr~l e. .adul t, . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the pereon(s) deacribed in and who executed the
.................... '
foregoing instrument and acknowledged before me that ....... S~ he ........ eaecuted the same for the purpoae therein
expresaed. 16th , , . day of
W11`NESS my hand and official se~drn,Ct~ie county and state~'oresaid thie .......... ... .. ..... .... .. ... ..
......... :............................................... . 19.......
., '..'. _
14 "~ io11 e#pires: Notary Pu6Cu, State of Floci~a at La:qe `~
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~-' •'a7'~ j, My Ccmmuswa Ex~;re: lu:q. 3Q, 19?,4
_ f iot.
• ' ~t. , ' W~d~d iAn TuY +r {oz.r~cc~ , . . . . . _ . . . . . . . . . . • -~1TO~AtY PY~iC . . . . . . . . . . . . . . . . . . . . • - ' ' • - - - - •
~'`~'-,~ tf;,~ ~ ~
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~.. /Space Rrloru Th~s L~na Resrri~ed to- Lendar ond Reeo~derl
This Inatrument Prepared by:
Mary Platt
I~ irst Federal Savings and Loan
Aseociation of Fort Pierce, Florida :33950
~~18 ~~~34
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