HomeMy WebLinkAbout0975 18. Aooeler~tioai Remedies. ~oept u pe~ovided in p~r~taph 17 hereot. upoa Bosron?~e'~ bericb ot sq~/ oovenaat ar
asreemeat ot 6orrow?er ia tbb Yort~~e, incladin~ tbe ooveaaat~ b pqr w6ea due aq~? ~eaaed b~? Wi~ Yoeisa~e.I.eod~e
prlor to ~ooeleratba slu~il aaU aotioe to Bore~ow?er ~ provided ia para~~ph 14 6e~eof ~Peoibin~ (1) the bea~ob: tl?e action
revuired b au+s wch breac6: l3) a date. not leM thaa 30 dq?~ tbom the date tb~ Aotios L~ m~Ued to 8orrowres. M wr6bh wch
beeach mwt bs cured; and (4) tlut failurs b c~re wch brewch on or bslbn tbe dat~ ~iAed In the noNas mqr rewlt in
~oosleratioa oithe ~um~ ~ecured by t6L yort~~e. foreclwure b~?h~dtdv Prooesd~ni ~sd ~ale of the Propeet,~. T6e notios ~LaU
lWrther info~m 8orcowrer ot the ri~ht to reinrtate aRer ~oosleratioa ~ad th~ tl~t ~o w~rt ia t6e forsaloare prooeedln~ the
non-e:Lteaos o[ a default or ~qp other defen~e oi Borrowrer to aoceleratbn and breclowre. If t6e breach l~ not amred oa or
before the d~te ~peciAed in We notioe. t.ender ~t I.endsr'~ optioa mq? declars aU ot the wnu ~ecured b~r thi~ Yw~t~~e b bs
immedIwtel,r due and pa~yable wit6out t~rther demand aad mapr [oreclo~e thi~ 1[orti~e b7 3udicial p~+oosedtns. Leader ~hall be
entitled to oollect in wc6 proosedin~ all ~pen~e~ d foreclowre. includln~. bnt aot limited to, ~eawnable attorae~r'~ ies~. and
oasta of doarmentar~r evideaos. ~b~tracts and title repoe~ta. ~
19. Borro~ver'~ Risht to Reiastata Notwitlutandin~ I.endsr'~ aooeleratioa oithe ~ums ~ecured bq thi~ Mortt~e. Borrower ~haU hsve
the ~ht to have aay proosedin~ be~un bY Leader b enforos this Mart~a~e di~oontiaued at aqy tlme peioe to entcy of a jnd~meat eniorcin~
thi~ MortBage i~ (a) Boreowar pay~ Lend~ sU ~um~ which would be the~ dus nader thi~ Mo~a~e, the Note end aota ~scurins Plitare
Advanoe~. if aaY~ had no sooeleration oocurrad: (b) Horrower cnre~ aU b~eache~ of any other ooveaants o~ a~reemeat~ of Borrowes oontained in
thi~ Mort~aSe: Borrower pqy~ ell reesonabk supea~ u?casrsd by I.endes in eaforcins tbs oova~b and a~neime~t~ of Boerowee
aoataiaed in this Mat~ege end in eafonans Lender'~ na~edie~ eu provided in paresraph 18 heteo~ indndia~~ bnt aot limited to. rea~onabls
att~aey's fees: and (d) Bo~rower takes aw:h action a~ Irender m0.1? reeuonabbr require to aanrs that the lien of t!?ia Mart~aQe, I.~dec'~ intee~e~t
ia We Prope:ty wd Bo:rowu's obligstion to pqy the sum~ ~ecured by this Mwrt~a~e ~hell oontinue unimpsired. Upon wch p~yment aad care
by Borrower~ thii Mortga~e and the obligation~ escured he:eby ~hsU r~nain in fall foroe and egect as if no aooelaratriion had oocaned.
20. A~aip~ment of Renta; Appointment of Reosiver. Ai edditionai ~ecurity hee+eiwde:~ Borro~re: hereby a~si~ to I.snder tbe reny
of the Peope~jr. pcovided that gorrower shaU. prior to aooeleration under pasa~raph 18 hue~f o~ abandonmeat of We Propecty~ have tbe ri~ht
to colled and ntsin ~nch r~ts as Wey beoome dve and payable. ~
Upoa aaoelention under peregraph 18 hereof or abandonment of the Propasty, Leades shsll be entitled to have a reosivec appoiated by a
oonrt to enLernPon. take pos~e~ion oi and mana~e the Propacty and to oollect We renb of tbe Property. incladin~ t6o~s piut dne. All reats
aollected by We e+eoeiver ~ha11 be applied Snt to payment of the aorts of managemeat of tbe Prnperty and oolledion of reat~. includins~ but not
limited to. e+eosiver's fees. p~emiuma on reoeiver's bouda and nesonabie attorney's fees~ and thea to the ~nau ~ecared by thi~ Mort~a~e.'ILe
rsoeiver shall be fiabk to aooonnt only for tho~e r~ts adually reoeived.
21. Ifitnre Advano~. Upon reqnert by Botrower, I~de:, at Leader'~ option within twenty years trom the det~e of this Mort~aa~e. may
make Fhture Advanoe~ ~o Borrower. 3ach i~tare Advaaaes, with intere~t thereon. ~hall be ~scured bY thi~ Mo~a~e when evidaioed by
pmmiaoqr notes statina that said ~Les are ~ecured hereby. At no time shall the priacipal amount of !he indebtednen ~ecured by this
1Nlorteage. not indn~(ingenm~ advanoed in aocordanoe herewith to protect the ~ecnrity of this MortgaS0. ezoeed tbe ori~inal amount of the
Not~e plo~ U.3.i~ n "vn _
22. Release. Upon payment of all sums secured by thi~ Moztgage. I,ender ahall rdea~e thi~ Mortgage withont charge b Boirower.
BorroMrer shall pay all coste of rsoordation, if any.
23. Attorney'~ Fees. A~ wed in this Mortgage and in the Note, "attorney's fees" shall include atbrney's fecs. if any. ~vhich mey be
awarded by an appellate oourt
IN WiTNESS WHEREOF, Borrower has ezecuted this Mortgage.
Signed, eealed and delivered
in the preeeaoe of: '
, ^ . .
. . . . . . . . . ` . . . . . . . . . . l~!!~c~, . . . . . . . . . . . . . . . (Seal)
Witneas au S. Bi -e~..~...
~ .~e~~ -
I, . .............Witnese Ma el Bigna... (S~ea~l)
~
,
STA7'E OFFLORIDA+ . . . . . . . . . . . .$t . . . . . . . . . . . . . . . . . . . . . County sa:
~ I hereby certify that on thia day. before me. an officer duly authorized in the atate aforesaid and in the oounty afore8aid b .
take acknowledgemente, personally appeared . . . . . . . P.~4i1. .S:
. .6?.9C1~1. dlld. ~bE~ . ~l gl'Id.,. .bis . ~tife . . . . . . . . .
~I , to me known to be the pereon(s) described in and who ezecuted the
f foregoing instrument and acknowledged .before me that ..thP.y executed the eame for the purpoee therein
~ ezpresaed.
WITNESS my hand and offi ' seal in connty and atate aforesaid this . . V. day of
. , ts.81...
Not~ry State o! Flaid~ ~t larq~ ~
S
My Com N' . ~M1? Cow~asia E~a Nw. 16, i9E2 ' • ~
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p(~~ t~ ISpae~ B~lou• Thu L~ne Resr?ued Fo~ Lendtr and Rernrde~J
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~ This Inetraaient Prepared by: I~I APR -7 53
~ Thomas H. Henson Fi~cf ~Nr p~cc~MD
51.1 UCIC CCUY1 Y.1 t A.
( Firat Federal Savings and Loan nc?GER P~ITttAS
CIERK CIFCLtT CO~~R1
~ Association of Fort Pietce, Florida 33450
~ ~1. w~~ ~~i i)~r Cn _
5~~,,3215
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