HomeMy WebLinkAbout0971 18. Aaseleratloa= RemKlie~. B~odpt eu pe+ovided ia p~r~eay~ l~ I~e~eo~ L~on ~t1r~owr~r'~ bre~?ch ot aq~ oovenaat oe
ap~eement of 8orrower in thL Mort~,~sa tnclndin~ che oov~ana to p~? wbendueae~?a~s~ecue~ed b~ thisliorti~i0.l.endee
PriQr b aooeleratlw~ ~h~ll m~il aotioe to Borrowrer a~ pwvided ia p~r~raph 14 6ereof ~sdlyinss ll) the be'e~c6: (s) the adioa4
req~iired to cure wch bre~ch: (3) ~ date. not lew than 30 day~ A~om tbe dwte t6e notlo~ i~ maUed to Borro~rar. b7? w?hk6 wch
brewc6 mwt be cured: ~nd (4) tt~at fiiilure to cnre wcb b~each on or bel~ors the dat~ ~peoitled ln tb~ aotlos aqr r~ult in
~coeleratbn of tbe sum~ ~ecured by thi~ Yort~a~e. foreclosure by jndidwl Prooeedin~ ~od Mle of the Propeet~p. Tbe notioe ~6a11
ltirtber Inform Borrowes ot the ri~ht b reia~te aher wooelentloA ~nd tbe ri~h! to iwset ia the forecloRr~ prooeedie~ tbe
non-e:iateaca of ~ default or aqp other defen~e of Borrowrer to ~ooelenqon aod faeecloa~ra It the breach L not ctired on or
before the date ~pedAed in We aotios, I.e~der at Lender'a option mq declare ali oitbe wa~ ~ecnred b~ thls Y~s~e to be
Immediatel,~? due and payable without ll~rther demeud and mq? [oreclwe thL Yort~~e 6pr jndjcial proosedin~. Lender ~LaU be
eatiUed to oollect in sucL prooeedin~ all espea~e~ of foreclosure~ Includia~. bat not Umited to, re~uonable ~ttorney'~ tees, aad
costs ot documeatar~r evldeaca, abttract~ and title reporta. ~
18. Borrow?~'~ lilsbt to Reiiutate. Notwitbstandiag I.ende~s aooeleration of the ~nm~ ~ecured bi? t}~i~ Mo~+~e. Ho~rower shall have
the righc to have ans? prooesdin~. be~un br Leade~ to entoroe thia Ma~a~e ai.oontinued ac any tims prta~ to
this More~age i~ (s) Borruwer pa,y~ L~der aU sum~ wluch wonld be W~ due andss tl~i~ M °II~ of a jud~ment enforcia~ -
p° ~s+~[e. ths Note a~ad note~ ~ecaria~ Pbtnre
Advanc~s. if anY. had ao aooeleration oocurred~ (b) Boreo~rer cures aU bresche~ of any oWe~ oovenanb or ~e~ssments of Boerowe~ o~ataibed in
this Mort6eSe: (c) Boremver psys all reasouable ezpen~es incusred by Leader in enforcin~ the oovenants and a~rae~a~b of Borrow~ec
oontaiaed ia thi~ Mort~age and in enforcins Lend~'a remedies as provided ia psra~saph 18 keno~ indadias. bnt not limited b. reawnabls
attorney's fea: aad Borro~ver takes such action aa I.ender mqy na~onably reqnirs to a~snre Wat the lian otthi~ Marf~a~e. Leadee'~ intere~t
in the Propecty and Bocrower's obligation to pqy the swns ~ecand by thi~ Mort~age ~hall oontinne unimpaired. Upon wch p~ymeat and cure
' by Ho:rower, this Maigege and the obligation~ secvred hereby shall remaia in fiill foros and etfeet as if no aoosleratioa had oo~vrred.
20. As~i~nmeat of Rents; Appoiatmeat oi Reoeiver. As additional ~curity herennder. Bormwe~ heraby a~si~n~ to I.ender tbe reny
of the Prope=ty. p~ovided that Borrower ahall. prior to aooeleration uader pesagraph 186ereof ~ abeadonment oithe Prope~rty, heve the~ht
to collect aad retaia snch rents as Wey become dne and payable. ~ .
Upoa aooelerataa nnder paragreph 18 haeof or abandonment of the Prope~rty. Lendes.hall be eneded so have a reo~ver appointed by a
oourt to enternpon, take poss~sion of and manage the Pcoperty and to colleat t1?e renb of the Peoperty. includin~ tbo~e pad dne. All reab
oollected by the reoeiver shall be applied Srst to psyment of the oo~ts of mana~~t of the Property aad oollection of reab. incladins. bnt not
limited to. reodve~'a fees. pcemiums oa reoeiver's b~d~ end nawnable attome~~ fee~. and then to the ~am~ ~ecured by tbi~ Mc~ase. The
reoeiv~ ahall be liabk to aooount only fwr those reats actnal~y reoeived.
21. P1~qae Advsnc~. Upon request by Borrower. Lead~, at Le~nde~a option aithin tweaty yean imm We date of this MoitBeBe. me?Y
maice F~fi~re Advenoes to Bormwer. 8nd? Fntnra Advancea. ~vith int~at thei+ean. ahail be ~cured hy this A~ort,~ags ahea evid~~ed by
promiesory notes stating that said notes are secured hereby. At no time shall We principsl aa?onnt of the indebtednas ~ecured by this
Mortgege. not inclndiag ~eadvanoed in aooordanoe herewith to prote~t the security of thi~ Mortgage, e=oeed the o:iginal amount d Lhe
Note piw U.S.~ -
22 Releaae. Upon payment of all sums secnred by this Mottgege. I.ender shall nlease this Mortgage wnWonL charge b Bonower.
Bormwer shall pay all oosts of reoordation, if any.
23. Attorney's Feea. As used in thia Mortgage aad in the Note. "attorney'a fees" shaU include attorney'~ fees. if any, which may be
awarded by en appellate oourt.
IN WITNESS WHEREOF. Borrower has eaec~ted thie Mortgage.
Signed, eealed and delivered
i.n tbe preeenoe
, / `
. . . . . . (Seal)
~ 1Nitness Gary T ~ dmpson
. . . . I~~..~.•. . . (Sea1) ;
I~i -ea..o..a
W~tness i sa A. Hampson ;
I ~TAT€OFFLi.ntD . . .St. L!lC7e Coun ss: ~
. . . . ty
~ I hereby certify that on thia day. before ff,e. an officer duly authorized in the state aforesaid and in the county aforesaid to . ~
take acknowledgements, personally appeared . . . . . . .C~.a. ~'Y..~.ti . ~d~ItiP.SOR .dRd . ~..1 Sd .A.. .NdtDpSOl1., . hiS. fd~ f~2. . . . ~
~
' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(a) deecribed in and who executed the =
foregoing inatniment and acknowledged before me that t~~Y.. executed the aame for he purpose therein ~
expressed. Q ~ ;
WITNESS my hand and official seal in the county and atate aforeeaid this . . . . . . . . . . . . . . . . . . . . . . . . . . day of ~
`s
..............~~~Q~.l................................... . 19. ~
.
t+0:: a~ i„'s~iC STAiE ~=lGfi1DA AT (/lk(~i•~
N.~ .u:..,.,,:~~.~.. . a t: a.~ $3
My Commisaion expiree: K;c. J:.. ~~uv l f`.~ , w.Lc~.. ~c,ftS ,
t, S ~
,
_
`9r . . . . . . .
_ , Notary Pnbtic
#~~"9';.• ~ -
'9~.'4 : , fs - _ • ; '
~ ~1 ~ ;
;t7 ~ ~ , ~q' I~ lSpace Belou~ This Lin~ Rtservtd For Lend~r and R~eurdeN •
gi ~ ~ ~r
~ T ~ t
* .ii, '
~ ~
~ • `ent Prepared by: _ 3
~ i~~ APR 7 AN ~ 53 ;
Steve Day FtlfC ~tiC fE~OnCf 1 '
~ Firat Federal3avings and Loan S1.tUCIE COUNTY.ft A. ~
j Asaociation of Fott Pierce, Fiorida 33450 _ CLC K tlftCUiT R~U~T ~
'f`~"^\'tf~lill~ - - ~
(1~
5~4
~ "
~
• BOOKJtJ~ PAGE 9~ _ gkl '
; / ~ .
x ~ ~
_ _
. -