HomeMy WebLinkAbout278018. Acceleratloa; Reuiedies. E:cept ws provided ia pu~rRpb 17 hereot. upoa Borrow-er'~ breacb of aqp oovenaat or
a~reemeat of Borrower in this Mort~a~e, includtas tbe oovenaata to pqr w6ea due u~sum~ secured by thla Yort~~e, I,endae
prior to aocelerwtion shal l mail aotloe to Borrower ~s provided in p~ew~raph 14 hereotspec[tyin~ (1) the breac6; (4~ t6s wctbb
eeqult^ed to cure such breach; (9) w ciate, not lew tbu~ 30 dqy~ fk~om the dwte the twt~ce i~ maQed to Borrowrer. br which wcb
breac6 mwt be cured; ewd (4) that failure to cure such brei-cb oa or before the dwte ~pecttied ia the aotios maJ- ren~lt ia
wooeleratlon oi t6e ~unu secured by thb Mort~e~e. foreclo~ure by judicial prooeedin~ ~nd ~wle of the Property. The notioe ~6aU
tluther taform Borrowes of ths ri~ht to reia~tate aRer wooeleration and the ri~ht to a~ert in the far~lware proca~dlns the
aon-e:isteAOe o! a detault or any other defense of Borrowrer to aoceleradoA aad foreclo~ura Ii the breach L aot cured oa or
before the date ~peciAed in the aotioe. Lender at Lender'~ option meU- declwre ~11 of t6e ~unu secured by thL Nort~ate b be
immediate~j- due aad paysble without ltirther demaad aad msy foreclo~e tbl~ Mort~~e by jndicial proosedin~. Lender ~6~11 be
eatitled to oollect in such proceedin~ all e:pease~ of foreclosure, iacludta~. but aot limited to. re~uoaable sttoraey'~ fees, ~nd
coets ot documentary evideaoe, abetrects sad title reports.
19. 8orrower'~ Ri`ht to Reinatate. Notw~ithseanding Lender's aooel~atioa of the sume eecured by tbi~ Mort~a~e, Borro~rer ~ha11 have
the right to have any prooeedings begun by Lender to eaforoe thia Mortga~e diacontinued at any time ~ior to entry of a judgment enforcinQ
this Mortgage if: (a) Borrower pays I.ender all suma which woule~ be then due nnder thi~ Morf~s~e. the Note and note~ ~ecurin~ F~ture
Advances. if eny, had no aoceleration occurred; (b) Borrower curea all breacher of any oth~ oovenant~ or a~reements of Borrowar ooatained in
this Mortgage: (c) Borrower pa~ys all reaeoi~able espeaees incurred by Lender in enforcing We oovenants and agreementa of Boirower
ooatained in thie Mortgage and it~ enforcing Lendet's remediae as provided in paragraph 18 hereof. inclading~ but not limited to. na~onabls
attoraey's fees; and (d) Borrower takes euch action as I.ender may reasonably require to assun that the lieA of this MortQage. Lender's intererR
in the Property and Borro~rer s obligation b pey the sums secured by this Mortgage shall oontinue unia~paired. Upoa such pe~yment and cnrs
by Borro~rer. this Morlgage and the obligationa eecvred hereby shall nmain in full foroe and dfect as if no socelaation hed oo~vrred.
20. Aasi~nment of Renta; Appointment oi Receiver. As additional security hereundes. Borrowar he~eby assiQa~ to I.eadar the renta
of the Propedy. provided that Borrower ahall. prior to acceleretion under peragraph 18 hereof or abandonm~t of the Propeety. have the iight
to rnllat and retaia such rents as they beoome due and payable.
Upon acceleration under paragraph 18 hereof or abandonment af the Property. Lender shall be eatided b hav~, a reoeiver appoiated by a
oourt to enternpoa. take poseession of and manage the Property aad to oollect the ren4 of the Prope~ty. incladinQ tho~s pad dae. All reats
wllected by the reoeiver shall be epplied firat to paymeat of the ooets of manag~ent of the Propetty and eollecti~- oireatt„ inclndin~~ bnt not
limited to. reoeiver's fe~. preminms on receiver's bonds and reaaonable attorney's fees, and then to the sums ~ei.~ared by t6is M~a~e.1Le
receiver ahall be liable to acoount only for those rents actually reoeived.
21. P1~ture Advance~. Upon request by Borrower. I.euder. at Lender's option within tv~enty years from We date of thia Mo~age. may
make P1~ture Advancea to Borrower. 3uch Fbtnre Advances. with intereet thereon. shall be secnred by this Mortgage when evidenoed by
promiasory notes etating that said notes are secured hereby. At no time ahall the principal amonnt oi We iadebtedne~s secured by this
~tortgage. not including app~, ~,dvanoed in aocordenoe herewith to pmtect the security of thia Mortgage. ezoeed the original amount of the
Note plw U.S.i ryUl~lt
22. Release. Upoa payment of ell aume aecured by this Mortgage. Lender shall release this Mortgage withont charge to Borro~rer.
Borrower ehell pay all ooste of reoordation, if any.
23. Attorney's Fees. Ae ueed in this Mortgage and in the Note, "attorney's fees" shall include attorney'a fees, if any. which may be
awarded by an appellate oourt. '
IN WITNESS WHEREOF, Borrower hes executed this Mortgage.
Signed, eealed and delivered
in the preeence of:
. . . Cl . . .~~C'a~rG-~ . . ~t.1. . . . . . . . . . . .
~( ~ ,~ Witness
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Witness
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AMELA A. GI DDINGS - ~**°-Q
STATE OFFLORIDI~ , , . . . . . . ,St: . LUCI E . . . . . . . . . . . . . . . . . . . . . COIIIIL~- 88:
I hereby certify that on thia day, before rr,e, an officer dul suthorized in the atxte aforesaid and in the county aforesaid to
take acknowledgements, personally appeared... LESLIE .{~._,GIDDINGS .~n~, PAM~I~A A,..~~DQIt~~,S,,~i~, ~Jjf~,..
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me gnown to be the pereon(s) deacribed in and who executed the
foregoing instrument and acknowledged before me that .. t~l~Y . ............ executed the eame for the purpoae therein
expressed. / ~
WITNESS my hand and ffici~al~ae~ in the county and atate aforesaid this . . . .. . .~.. . . ~1~ . .. . . . . .... .. .... . day of
. . . . . . . . . . . . . . . . . . . . . . .~~ ~4t~G. ~/. . . . . . . . . . . . . . . . . . . . . , 19 . $~ ..
~(y Commission expires: Met~1- 11~i~. St+M ~I ~il~ ~t 1MR /~ ~
1~ Cew~ssia~ E~cpi~es No.. 16. 19t? // ~ ' ~' ~
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Thia lnstrument Prepared by:
Gary Ellwood
First Federal Savinge and Loan
Asaociation of Fort Pierce, Florida :33450
q~ lIAR 18 ?F~ ~ 34
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SLIU!:~ CCUMTY.fIa.
RCGf.R PQ~TFtAS
CLERK CIRCUI~? CG/UR~
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