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18. Aooelerotion; Ranedie~. Bscept ~a provided ln par~r~ph 17 6sreo[, apoA Borrower'~ be~eacb ot wq~r oovea~nt ~ I~
a~reemeat o! Borrowe'r ia tbb Yortis~0. L?cludia~ the oov,ea~?ats t+o py wb~u dn~ aWr w~sa ~ebijred by thL ltort~a~e. Lender
prior to saoeler~tloa ~hall m~il notloe to Horrower ~ pmvided ta para~raph 14 bee~eof ~pecilylo~e (1) the bee~c6; tbe ~ction
required to c~ure ~ucb breaclr. l3) a dat0. aot lew t6an 30 d~y~ tirom the date the aotios L mailed to Borrowee, by ~vhich au~
breac6 mwt be cured; aad (4) th~t failurs to cure a~c6 bre~c6 on or betoce the dwte ~pedAed in the notics au~,~ reailt in
aooeler~tioa otthe sun~ ~ecund by t6L Morts~e, foredowre b~r judicial prooeedios and s~le oit6e Pro~qr. Tbe notioe ihaU .
ll~rther iaform Borrow?er of the ri~bt b reLutate ~Rer aooelerwtbn ~nd tbe ri~ht to wsrt ia tbe ioreclow~re proosedio~ the
aowesistenoe o! ~ detwK o~r u~ othsr deieaae oi Borrowet to aooelsr~tloa and faeeclowre. It tbe br.each i~ not p~red on or
be[oi~e t6e date ~peciAed in the notics. I.endee at Lender's optioa m~,1r decl~re wL o! t6e aia~u ~ecarad b~r thL llort~a~e to bs
immediately due and p,yable w~ithout thrther demaad and my? toreclo~e thi~ Yort~~e b~r iadicial prooeedla~. I.eadee shall be
eatitled to oollect In such prooealln~ dl e:pense~ of toreclwure. includin~. bat not W~ited to, reruonable attorne~?'~ teos, ~od
oosta ot documentary evidenoe, ~bstrscb ~ad title report~. '
19. 8orro~ver'~ Ri=bt to Relnstate. Not~rith~tsnding I.endes's sooele~cation of the snao~ ~e~wied bq Wi~ Mort~e~e. Bo~rower ~hell have
the ri~ht to have anY P~~B+ ~n bY Lender to enforoe thia Mortgage di~continued at any time prior b entry ot a jud~meat e~forci~
this Moutga~e i~ (a) Borrower p~,y~ I.ender all aumi ~vhic6 would be thas due uudet thi~ Morfsa~a. the NMe aad note~ ~ecurin~ Phture
Advanas. if any. had ao a~ooderation occ~rred: (b) Borrow~ cnns aU breacbe~ of any ot1~ covenanb or a~rsemeats of Borrower oonteiaed in
thi~ Mort~a~e: (c) Borrowes psy~ all ree~souable e~cpe~ses incurred by Lender in eaforcin~ tds o~ve~nts aad aQreecnenL of Boirowes
oontained in this Mortgage and in enforcing Lender's remedies as provided in para~raph 18 bereo~ indnding. bnt nd limited Lo, rea~ouab~s
aKon?ey's fees: and (d) Boncower takes such action as Lender may reasoaably reqnire to anurs that the liaa af thii Mo~age. Lead~'a intere~t
in the Property aad Horrower's obligatioa to pey the sume eecured by this Morf~age ~he11 vontinne unimpaired. Upon snch p~yment end cure
by Borrowa. this Mortgage and the obUgations secured hereby shall remain in full fa~oe and etteet eu if no aooelecation had oa:~red.
• 20. Aa~i~nment oi Reats; Appointment of Receiver. A~ additional secarity hereandu. 8orrovver hereby a~agn~ to Leadec the rents
of the Peopaty, p~ovided that Borrow~ ahall, priar to aooelezation nnder paragraph 18 hereof or abandonme~t of tbe Prope~ty, hsve Lhe right
to oolled and retain snch reats as they beoome dne and payable. .
Upon aooeleration und~ paragraph 18 hereof o~r abandonment oi the Property. Lender shall be eatided to have e reoeiver appointed by a
oonrt to cat~apoa. take poesession of and manege the Prnperty and to ooUect tbe re~ts of tbe Property, indnding those ps~t dae. All reat~
ooUected by the reoeiver s~all be applied first to psyment of the oo~ta of managemeitt of We Praperty and o~llection of reat~. inclndins. bnt nd
limitcd to. e+eoe~ver's fees. p~remiuaos on reoeive:'s bonda and nawnabk attoraey'~ feos. aad then b tbe snn~s ~ecnred by tbis Moef~s.'lbe
reoeiver shall be fiable to aooonnt only for those r~ts actaally reoeaved.
21. Phtnre Advance~. Upon requert by Botrower, I.ender, at I.end~"s option within tv?enty years firnm tbe date of this Mo~+~ge. maY
~~s I~L~ ~~has.ti. tu B~m~. ~ ~t~ ~d~an~. ~th iai~ '•:a;l t~ ~-~'~Y i:~+s ~~i+~a ~nen ~
P~=Y notes stating that said notes are secured h~rebY- At ao time ~hall the principal amount ot the indebteduea ~eeured by this
AsodBeBe. not inda~}"nB eums advanoed in aa~ordanae herewiW to pe~otec.t We seciurit3? of this Mod8e8e. e:oeed We ori8iaal amonnt of the
Note plns U.3.~ no~8 -
22 Aelesse. Upon Pe?Yment of sU aums secured by this MoYtgeSe. I.endcr shall release thia Mortgage withoni cha*Be to Boaower.
gorrower shaA pay aU oosts of recordation, if any.
23. Attorney'~ Fees. Aa used in this Mortgage and in the Note, "ettomey's feea" aha11 include attorney's fees. if eny, which maY be
awarded by an appellace court.
IN WITNES3 WHEREOF, Borrower has executed this Mortgag~
Signed, eealed and delivered •
in the presenoe of:
.
` ~ ^.~~~G'l. . . C • ~!•'ti.'~`. . . . . . .
. . . . . . . . . .t~l. . . . . •
Witness enneth A. McGann
~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . .OC~.~-. .Q . l./~.,..~~.~~11~lk~Y. . : . . . . . . . . . . (Sea1)
j . . . . . . . . . . . . . . . . ~ ilVitness ~ Lori A. McGann -~*~-a
i
I, STA'f'E OFFIARID/~ . . . . . . . . . 5~.. Ll~t~3° . . . . . . . . . . . . . . . . . . . . . COilItfy SS:
f -
~ I hereby ce'fy that on thia day, before n,e, an officer duly authorized in the state aforesaid and in the county aforesaid to ,
ta~e acknowledgementa, pereonally appeared . Kennetb. A.. McGann . and. Lori . A. . McGana,. .has . r~ife
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) deecribed in and who executed the
~ foregoing inatrument and acknowledged before me that . . . .thBy . • • • • • • • • . executed the same f~the purpose therein
~ ezpreased. ,~4E-s~
~ WITNESS my hand and~ffi,yial sea)jin the county and atate aforesaid this day of
~ ...........................~~;l~..~. L.~'.................... ; 19..$1...
` My Comm~~~ ' ee: lriit. State of ~i~a at Lan~e .
~ ~ M~r fa~iss+a ERpies Ho.. ib. 19E2 ~ .
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P u c~ ~ /Space Belou~ This Lint Rese?ued Por Lende? and Rtnvrdirl
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% /t~tei~t't~ ~ A~~ -7 1~ ~ 53
Thie Instrument Prepared by:
~,.~~.~r F~caar.r~ ~
Jerry G. Li trento ss.~ecu cp~: Y r? a. ;
RGGER P01 ~ P/?5_ ;
First Federal Savings and Loan CLEiiK C~RCUtt C:~1
Aseociation of Fort Pierce. Flotida 3,3450 :,it it"
.s ° ,
i 523~1.2
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• B~Kc~J4 PAGF e~V~ 9k~
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