HomeMy WebLinkAbout103218. Acceleration; Remediee. E:cept ea pruvided in paragraph 1? hereot. upoa Borrower'~ breuch of aay cavenent or
agret ment ot Bnrrower in thie Mortgage~ including the cove~snte to pay whe~ due sny sums aecured by thl~ Mort~age. i.eader
prior to acceleration ehaU mail ~otice to Borrower ae provided in para~rap614 hereot~pecifyin~: (1) the breach; (2) the actioa
required to cure euch breach; (3) a date. not lees than 30 daya ftom the date the aotice is mailed to Borrnwer. by whic6 such
breach must be cured; and (4) that failure to cure auch breach on or be[ore the dete specitied in the nottce may result ta
acceleration o[the eua~e Recured by thie Mortgage, forecloaure by judicial procecdip~ and sale of the Propert.y, The aotice ohaU
further inform Borrower of the right to reinstate atter acceleration and the ri~ht to aasert in the foreclosure proceedin~ the
~on-existe~ce of a default or any other detenee of Bo~rower to acceleration and forecloaurw. /t the bresch Ia nQt t~r~ ~n ar
:.rture ihe daie specitied in the notice. Gender at l.ender's option may dectare aU ot the eum. eecured by tbis Mort~age to be
immediately due and payable without further demsnd and may forecloae this Mortge~e by judicial proceedjn~. Lender ehall be
entitled to coilect ia auch proceeding all expensee of forecloeure. including. but ~ot limited to. reaeonable. attorney's fees, aad
coata of documentary evidence. abatracte and title reporte.
i3• Borrower`s ~i~ght to iteinatate. Notwithetanding Lendei e acceleration of the sume aecured by thie Mortgage, Borrower ehall have
the right to have any proceedinge begun by Lender to enforce thia Mortgage diecontinued'at any time prior to entry of a judgment e~forcing
thie Mortgage if: (a) Bon+ower pays I,ender all auma which would be then due under thia Mortgage, the Note and notee eecuring F1~ture
Advancee, if any, had no acceleration occu-zed; ~b) Borruwer cures all breaci~ea of any other covenants or egreementa of Borrowe~ contained in
this Mortgage; (c) Borrower pays all ceasaiable expensee incurred by l.ender in enforcing the eovenanta and agreementa of Borrowrr
contained in this Mortgage and in enforcing Lender e remedies as pmvided in paragraph 18 hereof. including, but not limited to, reaeonabia
atLorney's feee; and td) Borrow er takea auch action as l.ende~ may reaaonably require to aeaure that the lien of thia Mortgage, I.ender's interest
in the Property and Borrower'e obligation to pay the aums aerured by thie Mortgage ahall continue unimpaired. Upon auch pay~nent and cure
by Borrower, thia Mortgage and the obligations secured hernby ahall remain in full force and eftect as if no acceleration had occurred, •
20. Aeeignmeat of Renta; Appointment of Receiver. Aa additional eecurity hereunder, Borrower hereby assigns b Ixnder the renb
of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandonment of the Property, have the right
to coliect snd retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, l,ender ahall be entitled to have a receiver appointed by a
court so enter _upon, take poascasion of and manage the Property and to rnllert the rents ot the Property, including thoee paat due. All rents
rnUerted by the receiver ehall be apptied firat to payment of the oosts of management of the Property and rnllection of rents, including, but not
limited to, receiverb feee, premiums on receiver'a bonda and reasonable attorney's feea, and then to the eume eecured by this Mortgage. The
receiver ehall be liable to account only for thoae rente artually received.
21. ~tWCe Advances. Upon requeat by Borrower, l.ender, at Lender's optiqn within twenty years ftom the date of thie Mortgege, may
make Future Advancee to Borrower. Such FutureAdvancea, with intereet thereon, shall be eecured by thie Mortgage wh~n eyic~enced by
promiasory notee atating that said notes are eecured hereby. At no time ahall the principal amount of the indebtedness eecured by this
Mortgage, not includin auma advanced in accordance herewith to protect the security of ~his Mortgage, e:ceed the original amount of the
:voc~ p~~s v.s.s N~NE
22 Releaee. [Jpon payment ot all suma secured by this Mortgage, Lender ahall release this Mortgege without charge to Borrower.
liorrower ahaD pay all cost8 of recordation, if any.
23. Attorney'e FeeB. As used in this Mortgage and in the Note, "attorney's fees" ahall ~ritlude attorney's fees, if any, which may be
awarded by an appellate court.
1` WtTrt:a~ WtieR}:c-t. Borrower has executed this Mortgage.
5igned, sealed and delivered
in the preaence of:
' ` ~ J
. . .~, ...t.~-. ~. ~-~. . . ~. . . . .~I . . .L: f' . . : . . . . . . . . ~ :..`. ~'~`: ~ . /~~y !/; : `,...~
-/L . ~.~ . ~~ . . . . ~ : . . . . . . . . . . . . . . (Seal)
Witness Cl~ERYI H,f~ SNIVE~, a single adult -~.~MK
. . . . . ~ . . . . . . . . . .C~~`'~`."-.' . . . . . . . . . . . . . . . . . . . . . - - - - - . • - - - . . (Seal)
Witness . .........••-- ••-••••-........-• _e::.T~,.K
STATE OFF LURIUr* . . . . . . . . . . .. . . . . . . . St' . LuCie. . . _ . . . . County ss:
I hereb~ certify that on this day, before n,e, an officer dul •<+uthorized in the state ~for aid in the county aforesaid to
take acknowledRemen~g, personally a CNE R~f L_ N. SH I VE R, a s i ngfie d~U~t,
PPeared .................. ••••••-•••••••-••-...•••....._....
. - . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me k She to be the person(s) described in and who executed the
foreKoing instrument and acknc,wledKed before me that . . . . . . . . . . . . . . . . . . . . executed the same for the purpose therein
expressed• •~ f~
d and officia seal in t~ county and state aforesaid this . . . . . . . . . . . . .°.~_ .~.~. . . . . . . . . . . . . . . . day of
WITNESS my han . . . . ~ -='~. c.*_'< 1. - - - ~ - - . . . . . . . . 19. . `:? ./. ' . .
~lot~11 rY°'"• S1ate oi Fioiid+ at L~r9~
~ty Gommission expires• E. es iin+- 16, ~982 -
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'Chis Instrument Prepared by
Jerry G. Litrento
First Federal SavinRs and Loan
Association of Fort Pierce. Florida :{:{~1:>fl
; ~:.~~; 35~ Y~f ~.0~1
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