HomeMy WebLinkAbout277618. Aoceleration; Remedte~. ~cept ~a provided iA pus~rap6 17 hereof. upoa Boreower'~ breach ot aeq- ooveaaat or
a~reemeat of Borrower ia thL ~[ort~aYe. ipcludla~ the covenaata to p~,r w6en due ~- am~ ~ecured by thL Ywrt~a~e, I.eadae
prior to aooeleratioa ~hall matl potloe to Borrower w~ provfded in parasrap614 hereoi~pecif~in~: (1) the brewch; (Z) the actiop
rac~utr~ w c~tre ~ch hreacb: t3) o date. not te~w th~a 30 diys ftem lLe dRte We notks i~ maitai to Borrower, by ~vhkb wch
breach must be cured; end (4) that tailure to cure such breacb on or before the date ~psclAed in the nodcs may re~u1L 1a
aoceleracioa ot the aun..ecured by ~6L ~[ort~~e. loreclwure by judicial proosedin~ ~ad s~le of t6e Proper4r. Tbe notloe ~6a11
t'urther inform Borrower ot the risht to rein~tate aRer aooeleratioa Rad ihe ri~ht to aMert ia the foreclosure prooeedin~ tLe
noa-esis~enos of w defauit or aqr othor defen~e of Borrower to aocelentlon and foreclosure. li tha breach b not cured oa or
before the date specitied la We aotioe, Leader at I.ender'~ option m~ly declare aU of the a~m~ ~ec~-red bp thb Mort~a~e to be
immedistely due ead pgyeble without fl~rther demand aad mq~- foreclwe thL Mort~a~e by judici~! prw~eedias. I.ender sLall be
eatitled to coltect ia such proceedin~ all espeuses oiforeclwure, iACludin~, but not Itmited to, rewwnable attorAey'~ fees, aad
coeta of documentary evideaoe, abstre~cts and title reports.
~ 19. Horrowrer's Ri~ht to Reinstate. Notwithstanding Lender s aooeleration of the ~nms ~ecnred by this Mort~age, Borrower shall have
the right to have any prooeediags begun by I.ender to entoroe this MortgaQe di~continued at aqy time p~i~ ~o eatry of a jud~m~t eaforcit~
this Mortgage if; (a) Borrower pays I.ender aU sums which ~vould be then dns uader thi~ Mort~age, We Note and note~ secu:in~ F1~tnre
Advanoe~, if any. had no aoceleration oocurred: (b) Borrower cures eA bnache~ of any oth~ ooveaaata or a~tbemenh of Borrower contained in
this Mortgage; (c) Borrowe~ pays all reasoi~able e~cpenees incurred by I.ender in enforcin~ the ooveaant~ and agreementa of Borrower
rnntained in this Mortgage and in eatorcing Lende~ a remedies ae provided in paragraph 18 hereof. inclnding. but not limited b. rsawnabls
attorney's fees; and (d) Borrower takes euch action as L~der may reasoaably reqnire b es~ure that the liea of thia MortQage. Let-der'~ inten~t
in the Pcop~ty and Borcower's ohligation to pay the sums secured by this A~ortgage ahall oontiane unimpaired. Upon auch paym~-t and cnre
by Bonower. this Mortgage and the obligations secvred h~reby shall r~ain in fiill foroe and etfect as if no aooeleration had oocurred.
20. As~i~nment of Renta; Appointment of Reoeiver. M additional eecvrity hereunder, Borrow~ he:eby as.igns to Lender rhe rana
of the Property. provided that Borrow~ shall. prior to aoceleratioa uader paragraph 18 hereof or abandonmeat of the Prope~Ry. have the right
to coUect and ietain such nnts aa they become due and payable.
Upon aooderation uader paragraph 18 hereof or abandonment of the Property. L,ender ehall be entided to have a reoeiver appointed by a
oourt to enterypoa. take poesesaion of and manage the Property and to collect the rents of the Property. u-cluding tho~e past due. All r~b
oollected by the ebceiver ahall be applied firat Lo paymeat of the oosfs of management of We Property and oollectioa of r~ts, inclnding. bnt not
limited to. reoaver's fees. p~nmiums on reoeiver's bonda and reasonable attomey's fees. and then Lo the sums ascared by tbi~ Mortga~e. The
receiver shaU be liable to aooouat only for those rents actually reoeived.
21. Ifitnre Advance~. Upoa request by Borrower. Leade~. at Lendefs optioa within twenty yean irom the date of this Mortgage. may
make Pbtnn Advanoes to Borro~vez. Such F1~tun Advancee, rvith inlerest thereon. shall be secured bY this MurtBeBe whcn evid~oed by
promissory notes stating thst said notes ara secnred hereby. At no time shall the principal amoant of We indebtedne~s secured by this
Mortgage, aot including sums advanoed in aocotdance herewith to praf~.K the eecuritY of thi~ Moiigage. e:ceed the original amonnt of the
Note plns U.S.: unu~ -
22 Release. Upon payment of all sums eecured by this Mortgage, I.ender ahall nl~se this Mortgage wifhout charge to Borro~rer.
Borrower shall pay all costa ot reoordation, if any. ~
23. Attorney's Fees. Aa used in this Mortgage and in the Note, "attorney'e feea ' ehall indude attorney's fces, if any. which may be
awarded by an appellate coutt.
IN WITNESS WHEREOF. Borrower has execvted this Mortgage.
5igned, eeated and deiivered
in tke ptreeence of;
. . . . . . .,...~ .. . . _. . . .
~.. . ..... '1...
/~ i~~~ Witness
. . l.t%~!l!'~! . . . . . . . . . .
• Witness
/, J1/ ..... Seal
..~ . .. . ( )
ROB ~~~fi . GALLUTT ,~ a s i ngl e~ adul t _eo.,,~.a
~ / / i~ 1~'l_ / ' ....
:!-~:U!:SN~ . . G;f i • ~c~c~~ , (5e~i)
DEBORAH A. MARTIN, a single adult -e«ro-Q
STATE OFFLORIDA . . . . . . . . Str. LUCI e . . . . . . . . . . . . . . . . . . . . . . . . County ss:
I hereby certify that on thia day, before ir,e. an o~cer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledeements, personally appeared . . .f~OBERT. .T_. . GALLUTT., . a .s i ngle . a.dul.t,. aqd .DEBORAN• A. • • • • • • •
. . . . . . . . . . . . . . MARTiN,. .a. si ngl e .adul t, . . . . . . . . to me known to be the person(s) described in and who executed the
foregoing inatrument and acknowledged before me that . t11Ey ...--••-••••. executed the same fo; the purpoae therein
expressed. /Q' ~-
WITNESS my hand official se in !he county and atate aid thie . . . . . . . • - • [. . 4~ • - • • • • • • • • • • • - • • • • • day of
..................... ..C~~~~~~ /~,~.................... , 19~~. ~
My Commisaion e~cPirea: ~~ ~ic. Sts4 0l Florid~ ~t l~~ . .
:, M~ Conmusio. E,pre: No.. 16. 1982 ~
.«~!~~~i °1 ~ ~
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~'` .V ~-~•° ~•.~ ~~p ~i Alotary Public
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:'?~ ~ ~• -' •'. ~`; a~ lSpote lfeJou• Thu L~nt Rtserutd Fo- Ltndar and Rernrdtrl
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Thia lnatrument Prepared by: ~ MAR ( 8 ~~ 3~
Steve Day F~~rc Lat ~~coA~ro
Firat Federal Savings and Loan _ S f. l.l.'CIE CQUt+i Y. f t A.
Asaociation of Fort Pierce. Florida :33450 RCG~R POITRAS
CIERK CIRCUt i CQUR Y
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