HomeMy WebLinkAbout0983 18. Aopeler~tlon; Re~nedie~, Ssoept ~s ptovided i1~ pt~c~r~pb 17 heteol. ~pon Borrowrer'~ breac6 ot aWr oovonaat oe
s~reeseat ot 8otroaee in tbL Mottia~0.lncludin~ ths ooveaaata to Py? whea due aqr atm~ ~aured b~r thi~ 1[ort~Ke.I.at?dee
prior io ~cosleratjon ahall wL uotioe to 8orrow?er u provided in p~r~raph 14 beeeof apedb?in~ (i) ths bre~cbi (s) tbe adio~
reqdrsd to cure wc6 ~c6: t8) s da1e. not le~a ~hwn 3o d~~?~ [rom tbe da~e the nottoe i~ m~Ued to Borrorver. M ~rl~ic6 ~
b~e~cb eawt be cared: ~nd (4) th~t tailae~e to care wc6 bre~ch on or be~ore t6e date spedAed la t6e aotioe a~ rewlt in
aooslsratioA oit6e wa~ ~ec+~sed b7 thL Yort~~a toreclwure b~? judlcial proosedin~aad ~wleofthePropeet~r.Tbe ooNos~h~U
f~riber infoea~ Borrow~er o! tl~e r1~Lt to reinstate slter woosler~tlon iwd t~e rl~t to a~ert fn tM torecloatre prooeedin~ the
noa-~lateaoe ot a detanlt ce W other defenae of Borrower to ~ocel~ration Rnd ioeeclowre. It the breach 1~ not eaired on or
betore tbe date spedAed in tbs notios. I.e~~der at I.eader'~ option ma,1? declare ~11 oi the ai~ ~eaurod b~r thi~ 1[ort~a~e W be
ima~edt~tel,~? dae aad payaWe without liurther demaad and mw foreclwe thL Mort~~e by 3ndici~l prooeedin~. L~der ~hall be
entided to ooUeet ia wch proceedins ~ll espewe~ of loreclosure, Iacludins. b~t aot limited to, reawaable ~?ttorney'~ fees. snd
oost~ o! docnmentae~r evidea~+s~ abstracta aad UUe rep~orts. ~
19~. Horrower'~ Ritht to Rein~tate. Notwitlutandia~ Lender'~ aooeleration of the s~au ~ecured b3? thi~ b~orfsa~e, Borro~ shall havs
the r~ght to have snr vmoesdin~ be~uA br Leade~r so entoros thia Morfgege aisountinued ac any time petor b enay oi s i~~,t sntorcit~
this Ddort~ege i~ (s) Borrower pays Iender all auuu which would bs thea due uader tZw Mort~+~e. tbe No~s and notes ~ecuring Fhturs
Advanoa. ii anY. had no aaxlentioa oocurred: (b) Borrower cures all breaches uf any othec oovenaabar a~ree~ts of Boirowa~ oontained in
tl~is bb~a~ (c) Bore+mrer pe~ys all reawuable e~cpe~ incurred by L~der in eaforcins the oovenanh and a;greem~t~ of Botrower
contained in t6is Mat~age sad in ~aforring Iwader's reinedies aa provided in pera~raph 18 hereoL inclndin~. but not limited to. e+~oaabl~
attomey'. fees; a~ ca) eo~e+ower cate. snct, dccioa a8 t,~de: may n~sonably reQuue to e.snre that we li~ ot~i. Mo~t~s~s. i~er'. int~e.c
in t1u Property and Bo~ruwer's obligation to pay t~ snau eecured b~? this MortB+~ge shell oontinw unimpaired. UPon such pqyment snd ciue
bY Borrower. tbis Ma~age and We obli~aaon, sacured hEraby ahall remain in fiill foros and e~fec~ a. ii no acosleraaon had c~cu=red.
20. Assi~omeat of Rentr Appointment oi Reoelver. As additioAal ~ecurity herennder, Borrower hereby a~sigas ~o Le~d~ tbe rea4
of tbe Propaty, provided t6at Boarrower ~hall, pric~ to aooeleration under para~raph 18hereof or sbandos~mant oitl~e Property. have theiight
to oollect and retain anch ret~ts as thay become due and payabie.
Upou aooderatio~a ander paragraph 18 hereof or abandonmeat of the Properl3?. Leader ~hall be entitled to have a reoeiver appointed by a
ooart tp entera~poa. take poese~sion of and maae8e the Propesty and to collect the res~h of the Property. inclnding thore pa~t dne. All re~t~
o~lkcted by the eeosiver shaU be applied 5rst to paymen! of the oosts of maaag~tof the Property and oolleetiwnof reuts. iacluidin~. bntnot
limited to. raoaves'~ fee~. Dremiums on reoeiv~'s band~. and reasonable attorney's fea. and thea to the ~nms ~ecured bY tbis Mort~a~e.lbe
receiver shall be tiable tu aooonnt only for tho~e reats adnally raoeived.
21. F~wre Advanoe~. Upon re4aest bY B~m~~ Lender. at I.eadet's option ~rithia twentY Y~ ~rw~n tbe dete of this MortQage. maU?
make Pbtnr~ Advanoaa t~o Boieowra. 3uch Pliture Advanoes. with intaest th~eon, at~all be eec~ued bY thi~ MoctgaBe whea evid~osd bY
promirory note~ ~tatina tlut said notes are ~ecnred lieerebY. At no time ehall We princiPal amount of the iadebtednen sec~red by this
Mottgage, aot indndin8 ~ sdvanoed in aooordanoe herewith to protect the secnritY of tbis Mortgage, exoeed tbe oriSinal awonnt of the
Note p1w U.S.i N~wG -
22. Rele~ae. Upon PaYmeat of all sua~s secured by this Mortgage. I.ender shall nlease thia Mort8a8e withont d?aree to Borrower.
Borrawa shall paY all ooete of rsoordation. if any.
23. Attorney's Feea. Aa usea in this MortBage a°d in the Note, "attomey'a feea" shall include attome~s fees, if any, whicb may be
aweidtd bY aa agpellnle coud.
IN W17T~IESS WHEREOF, Borrower has e~ec~ted this Mortgage. t
Signed, eealed and delivered
in tbe presence of:
. ,J~„~, ......(Seal) .
. . .~~!=~!~at.4~~C.. ~~=!1P. ?~4 . . . . . . . . . . . . . . . .
' ~ Witness ~LO A J. BOY , a s i e adul t s
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; . . . . . . . . . . . . . . . . . . . - Witness -e«.o.Q :
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i STATEUFFIARIDA . . . . . . . . . . . . . .St: . Lucie . . . . . . . . . . . . . . County sa:
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~ I hereby ceA:ify that on thie day, before rr,e, an officer duly authorized in the atate aforesaid and in the county aforesaid to . ~
~ gQ a. i n 1 e adul t,. . . . . . . . . . . . . . . . . . . . •
take acknowledgemente, personally appeared . .~~1:'gt~~. Y.Gg.~ . 9. . i
! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) deseribed in and who executed the
` foregoing inatrument and acknowledged before me that ...Sfl@ ezec~ted the same for the purpose therein
~ e:preased. . .~f.! . . . . . . . . . day of
~ `lf(ITNESS my hand d offi seal in the county and state afore~aid thia . . . . . . . . . . . . • • • • • • • .
` ~ .19~~. :
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Nota PubLc
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j~ , s /Span B~lou• Th~s L~ne Reierued For Lend~r and R~rnrde~)
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aP~ a 53 ~
. 1981
This Instrument Prepared by: . ~
f?~EC RENt ~~coRrro - }
7homas H. Nenson s R
GER foijni~.sA. #
First Federal Savings and Loan CIERK CIRtUt1 CG~AZ~ f
Asaociation of Fort Pierce. Florida 33450 - ~ ~ - ~ ~
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