HomeMy WebLinkAbout1736t8. Acceleration; Remrdies. E:cept as provided in paragraph 17 hereot. upon Borrower'~ b~each ot any oovenant or
agrerment of 13orrower in thie Morigxge. tncluding the oovenante to pey when due any.ums ~ecured by thir Mort~aQe. I.endec
prior to ac~.~eleration ehall muil notice to Borrowec se provided in para~raph 14 hereof specityin~: (1) the breach; (2) the actioa
reyuired to cure euch breach;l3) a date. ~ot leea than 30 daye Prom the date the notice is mailed to Borwwer. by which such
brrach mudt be cured; and (4) thRt [ailure to cure euch breach on or before the date ~peciRed in the notice may reeult in
acceleration of the eume eecured by this Mortgage. forecloeure by judicial proceeding and eale otthe Property. The eotice rhall
further inform Borrower otthe right to e~einstate eRer acceleration and the riQht to aseert in the forecloeure proceed~n~ the
non-exiete~ce of a default or any other detenee ot Borrower to acceleration e~d [oreclosure. If the breach ia not cured on or
t-etore the date epeciCed i~ the ~otice. Le~der at Lender's option may declare all of the eums eecured by this Mortgage to be
immediately due and payable without furtherdema~d and may forecloee thie MortgaQe by judicisl proceeding. 4ender ahull be
c~ntitled to collect in such proceeding all expeneee of Coreclusure, includi~g, but not limited to, reaeonable attor~ey'e fees. and
custs uf documentary evidence. abetracts and title reporte.
~Q R^!2'lD.°.'.°.f~3 ~is:Si aQ'i s~ai.aia'a~cTZL~. Piu~i'»iCi~$iui~uii~~( lA;1i(irl~1~ dlt~ti~(sil~UliU[ U1Nt1UCU1f11EtiUtHt~ Uj/ ~I111f MOiL~~@, tbrrowershail have
the right to have any proceedinge begun by t.ender to enforce thie Mortgage diecor~tinued at any time prior to entry of a judgment enforcing
this Mortgage if; (a) Borrower paye I.ender al) suma which would be then due under thie Mortgage, the Note and notce aecuring Future
Advances, if any, had no acceleration occurred; ~b) I3orrower curea all breachea of any other covenanta or agreemente of Borrower contained in
thie Mortgage; Ic) Borrowe~ pays all reasouable expenaes incurred by Lender in enforcing the oovenante and agreemente of ~3orrower
contained in this Mortgage and in enforcing Lender's remediea as provided in paragreph 18 hereof, including, but not limited to, reaaonable
attorney's feec+; and (d) Borrower takea auch action as l.ender may reaeonably require to assure that the lien of thie Mortgage, Lender'e interest
in the Property and Borrower'a obligation to pay the eums secured by thia Mortgage ahall continue unimpuired. Upon euch payment and cure
by f3~rrower, this Mortgage and the obligationa secured hereby ahall remain in tull force and effect ae it no acceleration had occurred.
20. Aeaignmeat ot Rente; Appointment ot Receiver. Ae additional security hereunder, Borrower hereby eBeigna to I.ender the rente
~~f the Ptoperty, provided that Borrower ehall, prio~ to acceleration under paragraph l8 hereof or abandonment of the Property, have the right
to collect and retain euch rnnfs as they become due and payable.
Upon acceieration under paragraph 18 hereof or abandonment otthe Property, [.ender shall be entitled to have a t~eceiver appointed by a
court to enter-upon, take poesesaion of and manage the Ptoperty and to coliect the rente of the Property, including those paat due. All renta
collected by the receive~ shall be applied firet to payment of the ooeta of management of the Property and collection of rente, including, but not
limited to, receiver's feea, premiums on receiver's bonda and reaeonable atWrney e feea, and then to the eums secured by this Mortgage. The
receiver ahall be liable to account only for tfiose rents actually received.
21. F~tture Advancee. Upan request by E3orrower, Lender, at I.ender s option within twenty yeare from the date of thia Mortgaqe, may
make Future Advancea to Borrower. Such Fuiure Advancea, with intereet theteon, ahall be eecured by thia Mortgage when evidepced by
prumiaeory notes atating that eaid notes are aecured hereby_ At no time shall the principal amount of the indebtednesa eecured by thia
~lortgage, Aot inctuding,q~u ,~e advanced in accordance herewith to proteci the aecurity of thia Mortgage, exceed the original amount of the
`~~te plua U.S.S ~VUIV
22 Release. Upon payment of all sums secured by this Mortgage, l.ender ahall celeaae this Mortgage without charge to Borrower.
tiurrower shall pay all costs of recordation, if any.
23. Attorney'e Fees. As used in this Mortgage and in the Note, "attorney's feea" ahall include attorney's fees, if any, which may be
;~warded b}~ an apoellate court.
(-. W(T~E:ti~ WHF.RF:uF. Borrower has executed this Alortgage.
~igned, aealed and delivered ,
~ n the preaence of_ •
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, Witness
...__........... ..................... Witness
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PATRICIA A. PASSALAQUA -~ -~°^°"`
..............................................(Seal)
- w,rr.,» er
1TATF. OFN LORIU~ . .. .. . . _ . . . . . .. .St. LuCle . . . . . . . . . . . . . . . . County ss:
I hereby certify that on this day, before rr~e, an officer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgements. Personally appeared . . . .P~TRjCI ~1 _A.. .PASS~{I,AQt~A . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . u~ me known to be the personls- descnbed in and who executed the
fnreQoing instrument and acknowaedKed before me that . Sjle . .............. executed the same for ~th~e purpose therein
expressed. Lt~
,
1M1 ITNESS my hand and o~cial sea in the county and state aforesaid this . . . . _ . . _ . . . . ~ ~ . ~ . . . . . . . . . day ~f
...... ..................~..~LC. ~ ._..._............. . 19..Z~1.
~t~rv ~ jli tet. . I .'., , '
~ty Commission expires. ~ta .t ,a-;,.
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'' =1. .:,~: ~,-:•,'' 1981 N~R 27 P~; ~ 58
'Chis Instrument Prepared by:
Mary Platt
First Federal SavinRs and [.oan
Association of Fort Pierce, Flurida :i:i~1:~(1
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