HomeMy WebLinkAbout0979 18. Aooeleratioa: Re~sedle~. ~oept ~a provided ln paraprap6 17 6ee+eot. api?a 8orrawer'~ be~ewc6 ot ~ ooveaant oe
~reeaaec~t of Borrowrer in thL Mo+'ti+~e. lpcludioi t6s aovmaata to py? wr6ea ~nne ~ w1~ Nateed bp? thM 1[oeti+~f0. I.euder
P~+' b acoeleratfon s1~aU saU aotioe to 8orr~ow~ as Provided ie pars~e~p614 b~e~eot~~edbrio~ l11 t6~ ~e~cb: t6e wctba
reVnired to au~s w~ bi^e~h: (3) ~ date. not leM Wan 30 dq~ 6~oi tbe date tAe notioe b~ailed to Borrow~. 60? w?hich w~c6
beeacb a~wt be coe+e~ ~sd (4) that faitne~e to core wc6 be~e~cb on ~ 6etore the dat~ ~pecitfsd in the ~wtias ~a~r re~att ia
~ooeleratlon of tbe ww ~sa~red b~r tbis Yortsa~a foreclow~re b~?~ndjclai P~rooeediat sw~ aa1~ otthe Propeey. Tbe notioe shaU
11u~t6er intoe~a Boee+owrer of tl~e rl~bt b~ate aRer wooeleratioa and t6e ri~t to wert in tbe toreclowrs proceedin~ tbe
non-a:i~teaos of a detaak a aqr ot6er de[eo~e o[ 8orrow?er w aooelentloa and toeeclo~w~ra if t6e bre~cb i~ aot a~red on or
betore the dwte ~pec!lied in tbe notios~ I.ender d I.ender'~ option auU? decLre all ot tbe w~ar ~e~,vred bp t6i~ 1[ortsase b bs
immediatel~r dne ~od pa~?abie rvit6o~t MrU~er d~sand and myr foreclose thia ltort~ b71~~1 proosedia~. I.eader ~6a11 bs
eatjtled to ooUect in wc6 prooeedins all espeose~ ot foreclowr+e, iacl~din~. b~tt aot liaited to. re~ronable ~ttosne~r's tees, ~nd
oosts of dowmeatar~r erideaoe. ab~tracb ~od title ceport~. .
19. Horrowee'~ Ris6t to Reinstate. Notwitlutandin~ Lwde~'~ aooeleratioa oitbe wm~ ~ecaeed by tbio ~1oet~a~e, Borrower shall h~ve
ehe right co h.ve anr rro~din~. begnn by [.eode~ eo entoroe tei. Mortaue~e di.oontinoed at any tim. prioc to eaay ote iud~c aatorrins
thia Mo~tBeSe i~ (a) Bo~ower pqy~ Leader aU wms which wouW be t6en dos ande~ thi~ Mu~t~ap, tbe Note and notes ~ecurinj Pt~t~u+e
Advanaa, it aqj?. had Do aooderation ooc~rred; (b) Bo~e~w~e~cure~ aU breadies otany ot~ ouveaanb a~ asnemeat~ of Borrower o~tained ia
this MortBage: (c) Botrower pay~ all ree~onable ~ incurred by L,endar in eaforcan~ tbs oovenant~ and a~reeaoenb of Bo~ower
oontained in thi~ Mart~ag~e aad in eafaein~ Lendee's rea~edies as P~'ovided in WT+ii~Ph 18 bee+eo~ indadins. bat not limited to. rs~ooabls
attaney'~ feer and (d) Bo:rower takes anch adion eu Lender may rea~onaWy require to aasute that We lien ottbi~ ~at~a~ I.ender'a iatere~t
ia We Pe~operty and Ba~rowe~~ obligation to pay tbe ~nms ~ecund by thi~ ~a~tga~e ahall oontinne onimP~irsd. Upon wch p~,yment and cnrs
bY Borrow~. this Mafgage and tbe ot~atioos ~ecvred hueby dull s+~maia in fall fa+oe and e~ed a~ if no aooelee~atioa hd oocoreed.
20. Asslp~ment of Sent~ Appointa~ent of Reoei~er. Aa additional aecurib? heteuade~. Bo~rower hareby aNigns to Ia~ode~ tbe ren4
of the PmQertY. P'o~ tbat Boreower ~ha11, Prio~ f,o aooderation nndes p~rasrapb 181iereof ot abendonmeat a~tthe Peoperty. have theriaht
to oolled and retsin snch reats as they beoome dne aad pa,yabk.
UPon aooderation nnder peragrap618 hereof or abandonment of the ProPe~R9. I.ender ~~LLall be eatitled to have a eeosivar appoiated by a
aourt to eateraPon. take pos~eaoon of and manage tbe Propaty and to ooUect the rmts of tbe PeoperV. indalins thwe p~t dne. All reatr
oollected by tlse ~eodver shall be app~ied Sist b payment of tbe aosts of manag~t of tl~e Peoperqr and odkctiun of renb, indodin~. bat nd
limited to, reoeiver's fee~. R~eminnu on reoeiveir'~ bonds and rea~onable atLomey's fee~, and thea to the a~os ~e~veed by tbi~ ll~artta~s.lbe
reoeiver shall be liabk to aooount only for tha~e reab a~tually reoeived.
21. Fhtnre Advauoe~. Upon reqocat by Boe:ower, I.ender. at L~ade~'~ option witbin twenty y~s from We date of thi~ Moitsage. mq?
make Pbtne~e Advanoea to Boirower. 3och Pbtare Advanas. wiW intes~e~t tbe:eo~n. ~hall be sec~+ed 1ry t1~ ldart~a~e wbe~n evidenoed by
promissory aotes statins that aaid notes an ~ecnnd heeeby- At no time ~hali tbe p~indpai amoant of the indebtedne~ ~ecared by tbi~
MortBage. not indnding sums advaaoed in aooordancs heee+~ith to protect the aecnrity of this Mart~ag~ e:oeed the o~i~iml emoant d the
Note pln~ U Q~ nonp
22. Belase. UPon PaYm~at d all aams ~ecured by tbis Mortgage, I.ender shaU rdeeue this Mortgage withont charge to Borrow~.
Borrower ahall pay all oo~ta of ieooe+dation. if any.
23. Attornep'~ Fees. Aa used in this Mo~tgage and in the Notq "attorney's fees" shall include attorn~s tees, if any, whid? may be
awrardal by an appolate oonrt.
' IN W11NESS WHEREOF. Borrower hea euecvted thia Mortgag~
S~gaed, eealed and delivered -
in the prnseace of: / - '
~
. . . . . . . . . . . . ( )
• • ` . ' ~ ..C.:. . . . . Seal
VNitness RACY C. ~ I GHT, a s i ng adul t -~-Q
~ ..............................................(Seal)
~ ~ Witneas -e«~.a
-
I
' St. Lucie
' STATE OPFLORIDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - - . . . . . . . . CO11Ilh/ 88:
~
I
~ I hereby oertify that on this day. before cue. an officer duly suthorized in the state aforesaid and in the oonnty aforeaaid to _
take acknowte~ement8, pereonauy ap~a~a.......TRACX..Gf. WRI~HT,..a. ~~~91~ .d~Ult~
~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - • - • - - • - - - . . . . , to me imown to be the peraon(s) deecribed in and who e~cecuted the `
foregoing instrument and acknowledged before me that S~1Q. ezecuted the same or the purpose therein ~
ezpressed.
. . . . WITNESS my hand~n o al in the oounty and atate aforesaid this . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . day of
; t~n~~;~~.~.~~- , 25.~~
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~ ~si` G = ISpne+t B~lou• Thu Line Rtseri•td fo~ I,~ndtr and Reoorder/
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i Thie Instrument Prepared by: j
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F~L~C tNC CGP"vC0 t
Jerry G. Litrento S1ltiC~fCtu~?YFtA. ;
F.CGER PCITR~•5 ~
, ~rst Federal Savings and Loan CLln~t Ci?CL'1~ CQJ^
Aaeociation of Fort Pierce, F7orida 33450 ; r ~ air • ~ : _ _ _ - ~
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