HomeMy WebLinkAbout2603IH. Acceleration; RemeJi~+s. Except as pruvid~~d in paragraph 17 hereof. upo~ Borrower'~ breach ot ~.ny oovenant or
a~remrnt uf E3urrower i~ thia Mortgage. includi~g the covenante to pay when due aqy eums aecured by thla Mort~age. Lender
p~ior to acceleration ehsii mail noticN to ~rruwer ur~ providcd in paragraph 14 hereof specifying: (1) the breech; (2) the action
reyuired to cu~e euch brrach; l3) a date. not leae than 30 daye from the date the notice ie mailed to Eiorrnwer, by whic6 auch
breach muet be cured; and 14) that teilure to cure euch breach on or before the date epecited in the notice may result in
ecceleration of the aume secured by this Mortgage, foreclosure by judiciel proceeding and eale o[the Property. The notice ehall
further intorm Born~wer of the right to reinatate aftzr accelrration and the right to aesert in the [orecloaure proceeding the
non-exietence of a detault or any other defenBe of Bor~ower to acceleration a~d forecloeure. If the breach ie not cured on or
betore the date epecifed in the notice. Lendec at Lender'e option may declare all otthe eume secured by thie Mortgege to be
in~mediately due and payable without furtherdemand and may forecloee thie Mortga~e by judicial proceedi~g. Lender ehall be
entitled to collect in such proca~rding all expenees of forecloxure, including, but not limited tu. reuaoneble attorney'g teee. and
eoate otdocumentary evidence, abatrxcta end title reporte.
19. Iiorrower's Right to Reinstate. Notwithetanding I.en~er's acceleration of the auma eecured by this Mortgage, A~rrowrr ehall have
the right to have any proceedinge begun by l.ender to enforce thie hfortgage dieco~tinued at any time prior to entry of a judgment enforcing
thia Mortgage if: (a) E3orrower pays Ixnder all auma which would be then due under thia Mortgage, the Note and notee eecuring F~ture
Advancea, if any, had nu acceleration occurred; tb) Borrower curea all bmachea of any othercovenante or agreemente of Borrowercontuined in
thia Mortgage; !N Barrower pays all reasauable expenses incurred by I.ender in enforeing the ~yennnte and agreements of Borrower
~vntuined in thia Mortgage and in enCuming Lender's remedies ae provided in pamgraph 18 hareof, including, but not limited to, rea8onabla
attorney's fees; and ldl E3orrower takea auch action as l.ender may reasonably require to aaeure that the lien of thie Mortgage, I.endei a interest
in the Property and Rorrower'a obligation to pay the aums arcured by thie Mortgage shall conunue unimpaired. Upon such payment and cure
by E3orrower, this Mortgagr and the obligutions aecured hereby ahall temain in full force and effect as if no acceleration had occvrred.
20. Aesignment ot Rrnta; Appointment of Receiver. As additional security hereunder, Borrower hernby asaigns to I.ender the rents
of Lhe Property, provided that E3orrower ehall, prio~ to ucceleration under paragraph 18 hereof or abandonment of the Property, have the right
tu collect and retain euch rnnts as they become due and payable.
Upnn acceleration under paragraFh 18 hereof or abandonment of tt~e Ptoperty, Lender shall be entitled to have e receiver eppointed by a
cvurt to enter ~upon, take poeaesaion of and manage the Property and to collect the renta of the Property, induding thoee past due. All rents
collected by the receiver ahall be applied firat to payment of the oosie of management of the Property and collec~on of rents, including, but not
limited to, receiver'a fees, premiums on receiver'e bonda and reaeonable attomey's [eea, and then to the eums eecured by thia Murtgage_ The
receiver ehall be liable to account only for those rnnts actually received.
'll. ~ture Advancee. Upon requeet by Borrower, Lender, at I.ender's option within twenty years from the date of thie Mortgage, may
make Future Advancea to Borrower. Such Future Advancen. with interret thereon, ahall be eecured by this Mortgage when evidenced by
promisaory notea atating that said notes are secured here6y. At no time ahall the principai emount of the indebtedneea eecured by this
1lortgage, not iAcluding sume advanced in accordance herewith to protect the aecurity of thie Mortgage, exceed the original ~unount of the
~ute plua U.S.s -
'l2_ Release. Upon payment of all suina secured by this Mortgage, l.ender st-all release thie Mortgage without cha:ge to Borrower.
kiurrower shall pay all mate of recordation, if any.
?3. Attorney's Feee. As used in this Mortgaqa and in the Note, "attorney's fees" shs~ll inclade attorney's fees, if any, which may be
:iwarded by an appellate court.
t` WIT:~E~.~ WHF.REC~F. Borrower has executed this MortRage_
~igned, sealed and delivered
in the preaence of:
~ `_ (~ , ' '; .
. . . . . j~.. : . . ~ .t..~... . . . ~C~'~. . . . . ~. . . . .
Witness
~
. . . ~~~~cl~Q1_ ~..!~~%c~ . . . . . . . . . . .
/ Witness
/.
. ~ ~ ~ '.7~~~:?:l _/. J.~•. (Seal)
. b~ ...~:..SW.. .ON, JR. _~,..K
-(:
L^•.: ~~.. ~.P"~~L:~-`j.:."~..._._..... (Seal)
~tVNA F. SWANSON "'.""."
STATF.OF~' LORID St. LuCie ,., Count SS:
~ ........ ................................ y :
, . f ! \oc:~rv F ublic
, ~ i
I hereby certify that on this day, t,efore rne, a ~e u.i h~ i~d in the state aforesaid and i:- the :~ounty aforesaid to
tske acknowledKements, persunally appeared .~.~.~~'~-~ ~• ~~~~~.~N, ~R. , and ANNA F: SWANSON,..his _wi.fe.,
...--~-~-~- ..............~--•-
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t~ me known to be the personls) describe.d in and who executed the
foreKoing instrumen[ and acknowledged before me that .....theY. ........,, executed the same for the purpose therein
expressed. ` !
-~ ,
WITNESS my han~! and offisjal seal ip the count~• and state aforesaid this . . . . . . . . . . _.~~' . . . . . . . . . . . .. .. . . .. day of
................. ~:<.Gc.c.~' ----...----...... . t~-~~-
~ry a,bT~c. State o} Rorida at V~9e ~
~1y Corrsmissiop expir~s: ~:~~ , .
... .. , M,~ (qnmission E•rires No.. Ib. ~` - ,
,. ~ • l k..a~ ~. .~.~., ~.., • _.._. . ~ (~ `/ `~
• , .t`S~~b , . ()~ r . " -G.~... - /L~ ~~°~`~l` . ~ >/J
~b ~
• - , ~r~ar. lt.v`„u 7h~. L~r,. H.~ti~ r~ r~I F•rr !.~ ridr. and Nvcurd.•ri
193! NAR 31 F:; ~ 25
This Instrument Prepared hy:
Steve Day
First Federal SavinKs and Iuan
Associat~on of Fort Pierce, Florida :t:i4:~(1
F+i~c t~r ~: c;;r-:;:
SLIUC~E ~CiJY'Y.f;A
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C:~~=itltF:;;!'. C(~::Ii~
O~~
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