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HomeMy WebLinkAbout1397lA. Acceleration; Remediee. ~YCept as provided in paragraph 17 hereof. upoa Borcower'~ breach ot any oove~ant or s~teement ot Bon,ower ir~ thia Mortgage. including the covenanta to pay when due atqr ~ums oecured by thi~ Mortgage. Lender prior to acceleration ehRU mail notice to Borrower ae provided in paragcapb 14 hereotspecityln~: (1) the breach; (2) the aetioa required to cur~ such breach; (3) a date. not lese than 30 daye tk~om the date the aotice is mailed to Borrower, by whlch such breach muet be cured; and (4) that tailure to cure such brewch oa or be[ore the date ~peclfled in the noUoe mqy reeult in acceleration of the eume eecured by thie Mortgege. forecloeure by judjcial proi,~eedin~ aad oale otthe Property.The aoticeshall further inform Borrower ot the right to reinstate aRe~ acceleratioa and the ri~ht to asaert in the foreclosure proceeding the ~ua•esistence of a default or any other defe~ee of Borrower to ncceleration and forecioaure. I[ the breach b aot cured on or be[ore the dete specified in the notice, Ge~der at Lender'e option may declare aU of t6e sums secured by this Mortgage to be immediately due and payable without further demand and may forecloee thia Mortga~e by judicial prc-ceeding. Lender ehall be entitled to collect in euch proceeding all expenees of forecloxure. including, but not llmlted to. reasonable attorney'a fees. and coete of documentary evidence. abetracte a~d title reporte. 19. Borrower's Rlght to Reinetate. Notwithatanding Le~dei s acceleration of the auma secured by thia Mortgage, Borrower ehall have the right to have any proc.~ec~dinga begun by I.ender to enforce thie Mortgage dincontinued at any time prior to entry of a judgment en[orcing thie Moetgage if: (a) Borrower paye Lender all aums which would be then due under this Mortgage. the Note and notes securing l~lture Advancee, if any, had no acceleration occurred; ~b) Borrower cures al! breachee of any other covenants or agreements of Borrower contained in this Mortgage; lc) Borrower peys all reasouabie expenaea incurred by L.ender in enforring the covenants and agreemente of Borrower ~~ntained in this Mortgage and in en[orcing Lender'e remedies aa provided in parugreph.l8 hereof, including, but not limited to, reasonabla attomeyb feee; and td) Borrower tukes auch action as Lender may reasonably require to aasure that the lien of thie Mortgage, Lender's intered in the Property and Borrower e obligation to pay the euma secured by thie Mortgage ahall continue unimpaired. Upon such payment and cun by Borrower, this Mortgage and the obligations secured hereby ahall remain in ful! force and eftect ae if no acceleration had occurred. 20. Aseignment~of Reate; Appointment o[ Receiver. As additiuual security hereunder, E3orrower hereby aaaigns to Lender the rents of the Property, provided that Borrower ahall, prior to acceleration under paragraph 18 hereof or abandonment of the Property, have the right to collect and retain auch rent8 aa they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, l.Pnder ahall be entided to have a receiver appoirjted by a ~,urt to enter.~pon, take posaeaeion of and manage the Property and to collect the rents of the Property, including thoae pest due. All renta collected by the receiver ahall be applied firat to payment of the rnste of management of the Property and collection of rents. including, but not limited to, receivei s feee, premiuma on receiver e bonds and reaeonable attorney'e feea, and then to the auma eecured by this Mortgage.'17~e receiver shall be liable to acoount only for thoee rents actually received. 21. ~ture Advancee. Upon requeat by Borrower. Lender, at I.ender's option within twenty yeara from the date of this Mortgage, may make Future Advancee to Borrower. Such Future Advancee, with intereet thereon, ahall be eecured by this Mortgage when evidenced by promisaory notee atating that eaid notes arn aecured hereby. At no time ahall the principal amount of the indebtedneea eecured by this Mortgage, not including eume advanced in accordance herewith to protect the eecurity of ihie Mortgage, e:ceed the original amount of the :Vote plus U.S.S u•+ ^ - 22_ Release. Upon payment of all aums aecured by thie Mortgage, Lender ahali release this Mortgage without charge to Borrower. }iurrower ahaU pay all coste of recordation, i[ any. 23_ Attorney'8 Feee. As used in this Mortgage and in the Note, "attorney's leee" shall include attorney'e fees, if any, which may be awarded by an appellate court. I~ WtT~E:ss WttteEOF. Borrower has executed thia Mortgage. ~igned, aealed and delivered in the preaence of: l; . ~ ~ , //•.~('/E-c-~.~ M1 ~~ ' c~/ ~~~r .......~ ..................~. _..:.~ . <. .... . ~ .:~-~~ , ''~ M" . ~ M ,~ ` Witness R ES . 6~ E ANN . 1\ ~ , . . . ~~ . ~>~ . .~. . i,lt, . ~ L: t.~.! . _ . ~.,1 ~ .~!f .-.!~. ~f : ...~•C~ Witness PATRICIA A. GULLEMANN St. Lucie `iTATE OFFIARIU~ . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . COUA1.y S8: ~ . . .. ~seai~ _~>wK :-•.s.~../~, : . . . . (Seal) --KOrTJRK I hereby certify that on this day, before rr~e, an officer du~v authorized in the state aforesaid and in thecounty aforesaid to taice acknowledgements, peraonally appeared . JAP~S . R. . GU~~~t1~N. .~nd . PATR~GIA. A. _ Gu~~.,~~N.,. . h?.S _ Wl fQ, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the fore~oing instrument and acknowledged before me that . they . ............. executed the same for the purpose tnerem expressed. ~ ~ WITNESS my hand and official seai iz~ e county and ~Eate aforesaid this . . . _ . . . . . . . .7'~ . . . . . . . . . . . . . . . . day of .....••••••••• .............~..~t.C.~tj............... . 13.~.1. / l ~ ~ty Commission ezpires: N,±inr '; ~,;, -~, r .. _ ,ta~tuu~~.,~ -?'. :~ .k ~ ~ ., ~ ~ . , ~ , •. - . . ~ .~y~ , ~ . ,~ _ / .~~- ~ -:'St_ ~~ ,+-~ • ~~;, ~-•~•• . ,, .. • ~~ . i ~ - ~ C r. ,,r . ~,,.aP..~~ ~~ ~~ s.. . . . . ~.. . ~" ~ ~ .• -- ~ ~~J ~~ \otary f'ublic . . ;' ~.,.' ,~- ~i-~(~. ,f~ ~ _ _ ; s ~,p,~.. . - _ ., • ~ --- -- -- - - -_ _. _ -- - ------- - - - ~----~-r»----- ~ - - _ _ _ __ _ _ : ~,. • ' .-.~- _ . '~'~+ ~~~ i~ '~ ~ tiparv H.l~,u Tht. L~nr Yvs. r: ~~d F~ir L~~ndPr ar.d Rea,.drn . r ' . ` ~ ~ : C'S _ ~~ ~ '~~' '~~~~ ~ ~ ` 5%~1859 ~ _ ::~~t-. 'Chis Jer~y G. Litrento F irst !~ ederal SavinQs and [.uan Associatiun of Fvrt Pierce, Florida :;:;4:~() ~ ~ `'" 351 P~~E 1~9~ ~,~ox 19~1 NAR 2 7~,~ ~- 21 cr~ f~ thf =E"Cr,F(~f : st. i ccii cr,;;t, t ~ ~~ a. RCG~P F'CITf?~ S CL~Nf. C!R:UIt :JuR~ _ ,. . . ~~~ _ ~ - ~-~i , ~- ~