HomeMy WebLinkAbout00611t1. Accele~atiun; Remedice. F::cept ae provided in paragraph 17 hercwf, upon Borrower'o breach ot any oovenant or
agrrement ot Borrowe~ in thia MortQage, including Ihe covenante to pay when due arqr ~umr ~ecttred by thie Mort~e~e. Lender
prior to accelerstion ehall mail ~otice to Borrower ae provided i~ paraaraph 14 hereotspecityin~: (1) the breach; (Z) tbe action
required to cure auch breach; ~3) a date. not lese than 30 daye firom the date the notice ii malled to Borrower, by which ~uch
b~each muet be cured; and (4) that failure to cure euch breach on or before the date epecifled in the aatlce may result in
acceleretion of the eume aecured by thie Mortgage, foreclosure by judlcial pro~,~eeding and ealeof the Property. The ~otice shall
further inform Borrower ot the right to reinetate after accel@ration and the ri~hht to aseert in the forecloeure proceedir~~ the
non-exietence of a deCault or any other defenee of Borrower to acceleratio~ and forecloeure. It the breach is not cured oa or
before the date speciCed in the notice. Lender at Lender'e option may declare all of t6e eume eecured by thie Mortgage to be
immediately due and payable without further demand and may [oreclose this Mortga~e by judicial proceeding. Lender ehall be
e~titled to collect in auch procec~cling all e~cpenaea of fo~ecloeure. including. but not limited to. reaeonable attorney'e tees. and
coste ut documentary evidence. abetracta and title reports.
19. Borrower'e Right to Rei~atate. Notwithstsinding Lender'e acceleration of theaume aecured by this Mortgage, Borrower ehall have
the right to have any proceedinga begun by [.ender to enforce thia Mortgage diecontiaued at any time prior to entry of a judgment enforcing
this Mortgage if: (a) Borrower pays Ixnder all aums which would be then due under thia Mortgage, the Note and notee securing ~tun
e~1..o...e. :so 1..,.,_ _~_ _~_,~.n_
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- -- ~ ----- - -. -- ---,; • __^_':~...a__:,.~c..::::::::::.~::::~.a~ ~~j u~c.u:::;. ~.iu~tewii Lica~:iiceUi nL,y VY~Cf ILYtllIWIW VIM~[[CCIA@I1180f I30rfOWerCOi1L81REQ ID
this Mortgage; (c) Borrower pays all rnasouable expensee incurred by Lender in enforcing the covenants and agreements ot Borrower
contained in thie Mortgage und in enforcing l.ender's remediee aa provided in paragraph 18 hereof, including. but ~ot limited to, reasonable
attomey's fees; and Id) f3orrower takea such action as Lender may masonably require to aasure that lhe lien of thie Morigage, Leader's interest
in the Property and Borrower'a ubligation to pay the aums aecured by this Mortgege ahall rnntinue unimpaired. LTpon euch payment and cure
by Borrower, this Mortgage and the obligations aecured hereby ehall remain in full force and effect as if no acceleration had occurred.
'l0. Aseignarent of Rents; Appointment of Receiver. Aa additional security hereunder, BorTOwer hereby aseigne to I.ender the rents
o[the Propeety, provided that Borrower shall, prior to acceleretion under paragtaph 18 hereof or abandonment of the Pmperty, have the right
to collect and retain euch rents as they become due and payable.
Upo~ acceleration under paragraph IS hereof or abandonment of the Pooperty, Lende~ shall be entiUed to have a rereiver appointed by a
court to enter upon, take poeaeasion of apd manage the Property and to coUect the rents~of the Yroperty, including thoee past due. All renta
collected by the receiver ehalt t-e applied firat to paymeot of the coete of management of the Property and rnllection of rents. induding, but not
limited to, receiver's fees, premiuma on receiver e bonde and reasonable attorney'e feee, and then to the Bume eecured by thie Mortgage. The
receiver ehall be liable to acoount only for those rente actually received.
21. FLture Advancee. Upon requeat by Borrower, Lender, at Lender s option within twenty yeara from the date of this Mortgage, may
make Future Advancee to Borrower. Such Future Advances, with interrat thereon, shali br secured by thie Mortgage when evidenced by
~ra~isaery noies s:stittg Lhat ssed rto+.~s ~ze seCU~ h~se~y. A~ ~ts+ tsmp shgll Lhe priacipa! amount of thP indebtednees eecurPd by thie
Mortgage, not includi~&~ums advanced in accordance herewith to protect the security of this Mortgage, ezceed the original amount of lhe
Note plua U.S.E N IV
22 Releaee. Upon payment uf a11 sums aecured by thie Mortgage, l.ender shall releaee this Mortgage without charge to Borrower.
13orrower ahaU pay ali costa of recordation, if any.
23. Attorney'e Fees. As used in this htortgage and in the Note, "attorney's teea" ehall include attorney'6 feea, if any, which may be
awarded by an appellate court.
I` W~Trt:tis WH~:KF.uF. Borrower has executed this Mortgage.
5igned, aealed and delivered
in the preaence of:
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~ Witness
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Witness
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L I NT~IESTBE RRY -~~-K
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. . ~GG%'~C~.,..l,~.t'.~.~~ . . . . . . . . (Seal)
CAROL WESTBERRY -'~~R°~'K
$TATE OF~' LOR1[) St. Lucie
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I hereby certify that on this day, befure me, an officer duly authorized in the state aforesaid and in the county aforesaid to
tnke acknowledRements, personally appeared . . . . _CL.INT. .WEST6ERRY . aJid. .CAROL.1tIESTBERRY., . hi s. .wi fe,. . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . tn me known to be the person(s) described in and who executed the
foreRoinK instrument and acknowledgeci F-efore me that .thP,~[ . ............. executed the same fo the purpose therein
expre~sed_ X~
WITN~SS m~ hand and offi 'al seal jn the county and state aforesaid this
.....--•-• ................. /.' ..~CcGj~........---....... .19..c~''.5~./
~iv ~~ommission expires: R~' ~ ~ ~~ ~ ~ ^
...........! ~......--•----..... day o!
' ~ (,o~nirsio~ Eap~es Mo.. 16. 1982 / . ~~~
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Thies In
s~uttte~nt'~iepared by:
Mary Platt
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\otary• Publ~c
r.tipn<e Nvluu This L~ne~ Kvs. ri ed /'~ui L~ndvr artd Renrrder~
521U31
First Federal SavinRs and I.~~an
Association af Fort E'ierce, Florid.i :t:i4~0
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