HomeMy WebLinkAbout297418. Acceleration; Remcdirs. kxcept a~ pruvided in para~rapb l? he~eo~. upon 8orrower'~ brewd~ ol anr oovenant or
N~treeme~t o! Borrower in thia Mort~.-~e. includio~ the ooveaenta to pay whea due aAy wtmasecured b~r thL Mortsase. Leader
prior to acceleretion ehall mail notice to Borrower ar provided ia pussrap614 hereotspecifjrias:ll) tbe bre~c6; (Z) the actioa
required to cure euch breach; l3) a date. not leas than 30 day~ ftom tbe date the iwtk~ b mailed to Borrowrer. bp ~vbic6 wcL
breach must be cured; and (4) that tailure to cure such breach oa or betore tbe aate specified Ia t6e uotioe mq- re~ult ia
acceleret ion of the eumr secu~ed by thie Mort~a`e. loreclosure by judicial prooeedint and sale of We Property. Tbe aotjce ~1u11
furthe~ inform Borrower ot the right to reinstate etter acceleratioa and the ri~ht to ~~ert in tbe forecbwre proceedjnt t6e
non-e:istence of a detault or any other defeaae of Borrower to aoceleration aad [o:eclowra If the breach L oot atred on or
t,efore the date specified in the notice. Lender at l.ender'~ optioa may declare all otthe wms secured by thu Mortsase Lo be
immediately due and payable without fur~her demand and may ~oreclose thia ~lort=wse by judicial pe~oceedint. Leader ahall be
rntitled to collect ia auch proceeding ali r:penaes of toseclosure. includin~. but not limited to. reaaonable wttoraey'~ tees. and
~•ueta of documentary evidence. abstracte and title reports.
19. Borrower's Right to Reinetate. Notwithatanding Lender's accrleratioa of the suma ~ecured by this Mortgage, Borm~ver aha11 have
the right to have any proc~eedinge begun by Lender to enforce this 111ortgage discontinued at any time prior to eutry of a judg~nent enfomn~
thia Mortgage i[: (a) Borrower pays I.ender all sums which would be then due under this Mostga~e. the Note and aotea ~ecuring Future
Advances, if any, had no acceleration occurred; ~b) Borrower cures ali breachea of any other covenant~ or agteementa of Borrower contained u-
this Mortgage; (c1 Borrower paye all reseoueble e:penses incurred by Lender in enforcing the oovenaata and agreemmu of Borrowrer
contained in thie Mortgage and in enforcing l.ender i remediea aa provided in paragraph 18 hereot iacludina, bnt not limited to, rea~onable
attorney'e fees; and ld) B~rrower takea auch action as l.ender may reasonably require w asaurr that the lien of this Mortgage, Lendd~ intere~t
~ n the Property and $orrower'a obligation to pay the euma eecured by thia Mortgage shall coatinue unimpaired_ Upon such payment and cnre
by Borrower, thie Mor~.gage and the obligationa secured hereby shall remain in full force and rftect as if no acceteration had occnrred_
`l0. Asaignment o! Renta; Appointment of Receiver. A8 additional security hereunder, Borrowa haeby assign~ to Leader the rmta
of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or ebandonmmt of the Proprrty, have the right
cu collect and mtain auch rent8 as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandenment of the Proptrty, lxnder ahall be entided to have a receiver appointed by a
~~ouri to eater upon, take poaeeasion oi and manage the Property and to rnllect the renta of the Property, inclading tho~e past due_ All rent~
colierted by the receiver ahall be applied firat to payment of the oosta of managemmt of the Property and collection of reats, indudia~, bat not
limited to, receiver e feea, premiuma on teceiver's bonda and reasonable attomey'~ feea, and then to the ~uma secured by this Mortgag~'jbe
rec-civer ahaU be liable to acwunt only for thoee rrnta. actuaily reoeived.
`l l. c uture Advancee. Upon requeBt by Borrower, Lender, at Lender's option v-lthin twenty years from the date of this Mortgage, may
make Future Advances to Borrower. Such Future Advancex, vrith interrst thereoa, shall be secured by this Mo~igage whea evideaced by
~,rc~iaeory notee atating that said notes are eecvred hereby. At no time ahall the prinapal amount of the indebtednesa secured by this
~turtgnge, not includin~~~e advanced in accordance herewith w protei~t the eecurity oi thia Mortgage, ezceed the original amount ot the
tiote plua U.S.i
22 Release. Upon payment of all sums aecured by this ylortgage, I.ender shall release thla tiiortgage without charge to Borrower.
F;urrower shall pay all coste of recordation, if any. .
23. Attorney'e Feee. Ae used in this Mortgage and in the I~ote. "atwrney'a feea" shall include attorney'a feea, if any, which may be
.+w•arded by an appellate court.
(~ Vb'iTt~eti.ti WNEitEUF. Borrower has executed this 4~ortgage_
~iRned, aealed and delivered
i n the preaence of:
. . -~"C. . . ` . . . . I~ ... . . . • ~'!~ t . . . . .
. . . . ~ ~'itness
.......... . ~~•• ............... .r: ...
~ V~ itness
/`
Qli+r,lr..l - i~r`,,r~1..,... . . . . . . . . . . . . . • • - . . (Seal)
~ EANNA IANIERI, a single adult -~-R
" ~ ~ct~Z~- ................ISeal)
..... ~._.~.......
~~0 J. FAT , a single adult -~M~~~
St. Lucie
~TATF.UF~'I.URIU,# ........ ...............••-•••-......._..... LOIIAL} SS:
I hereby certify that on this day, before rr~e, an officer duh• authorized in the state aforesaid and in the county aforesaid to
take acknowledgementa, personally appeared . .JEAN(yA. I.AWI-ERI-, - a -5-~ng1-8- 8d11~t~; -and - JOEL- -~-.~ -FA~E-; -a~ - - - -
. . .. . . . . . . . . . .. . . . . s.ingle. adult,. . . _ . . . . . . . . . . . , to me known to be the personlsl described in and v~ho eaecuted the
foreqoin~ instrument and acknuwledRed before me that tt18y. ..-.-..... executed the same for the purpoae therein
rxprPSSed. ~ ~-
WITNESS mt• han~ and offi~}~al sea] in he count~• and state aforesaid this . . . . . . _ . . _ .3 . . . . . . . . . . . . . . . . . . . . da}• of
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This Instt~i~he~'P,~[+epared by:
Thomas'Fl~. Henson
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First Federal SavinRs.al~d tuan
Associatiun of F~~rt Pierce, Flonda :t:i~:,~i
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