HomeMy WebLinkAbout0918 18. Aoceleratiou; Remedle~. F~cept w provided in par~r~pb 17 heseot~ upon Borrower'a brewch ot an,y ooveaant or
a~roemeat ot Borrower i,a tbL Dlortse~e,lncludtaR the oov~n~a to pwy w?h~a ~e aW? ~um~ secured by tbb Yort~~e.I.endee
peior to aa~elere~tioa shall mail aotice to Borrower ru prov[dal~ia psrasrapb l~b~eot~pecib?ia~ (1) tbe breacb=(Z) tbe actloa
requirod to cure wch bre~ch; (3) a d~te. aot lew tbaa 30 dqr~ tlroa~ the dat,e the notke b mailed to Borrower. b~ w~hlcb ~ucb
breacb eawt be cured; aAd (4) tbat ta!lure to cure such breac6 on or before the d~te ~peciAed !n the ewtioe auUr result ia
woceler~tioa of tlie sunu ~ecured by thls ~lort~~e. toreclwure b~?)udlcia! prooesdin~ ~od sale o[tho Propeety. The aotbe ~haU
f~rther in [orm Borrow?er of the rl~ht to reinstste wKer sooeleration ~d the ri~ht io wert in tLe foreclwurs prooeedia~ the
~oa-esl~teace of a default or aay other defen~e ot Bosrower to acceleratlot~ aud t~reclawra. Ii the ~reac6 b not cyred oa or
i~eioro the date ~peciAed in ths notlce. Leader ~t Lender'~ optlon mq? declue ~U o[ the ~uma ~e~red by thL Yorts~e to be
immediseel~r due aad payable without turther demend wnd may [oreclase thL Mort~~e by judkt~l proooedin~. Leadpr ~ball be
eatitled ta coilect ia ~uch proceedin~ all e:pea~es o[ [oreclosure, includla~. b~t not limited to. reawnable ~ttarney'~ ies~, ~wd
costs of documentary evideaoe, aMtracts and title nporta.
IS. Horrower•~ Ri~ht to Reiwute. Notwithstanding Lender's aoceleration of We ~utns ~ecwred by t!w Mort~~e. Borro~rer ahaU have
the right to have any pcooeedinQs begun by Lender to enforos this Mort~aQe diacontinued st aay time peior to eatry of R jud~nent enforci~
thu Mortgage if: (a) Borrower psys I.eadar aU sum~ which would be then dna uadot this Mort,~s~a, tha Note end note~ ~ecurin~ I~tues
Advance~, if any. had ao aooeleratioa oecurred; (b) Bon+ower cure~ all breache~ of any oth~ covenant~ or ~reemeat~ of Borro~ ooate~ined'w
thia Mo:tgage; (c) BoTrowa~ pay~ all nawuable eupenaes incurred by Leader ia eaforcing We oovenanta and s~reanenU~ of Boero~rear
oonteined ia this Mortgage and in enforcing Lender s remedies as provided in pare~repb 18 hereof. inclndin~. bnt nd limited to. rwonabls
attomey'e fee~: and (d) Borrower takes such action es Lender me~y nasoaebly require to aaure @?at the lieo oithis Moar~s~e. Lsader"~ intsre~t
in the Pe~operty and Aorrower'a obligation to pay the ~ums ~ecured by t}w Mort~age ~ball ooRtinue unimpaired. Upon such payment snd cure
by Hoicrower, this Mortgage and the obligations ~ecured hereby shell remaia in full foroe sad dfect s~ if tw aooeleratioa had oocurred.
20. As~i~nmeat oi Reats; Appoiatment of Reoeiver. A~ additional ~ecucity henunder. Borrower heeeby ari~n~ to I.e~der We reat~
of the Property. provided that Borrowez shall. prior to aooeleration under paragraph 18 hereof or abandonment of the Property, have the ri~ht
b collect and retain such renhe a~ they beoome due and payable.
Upon acoeleration under parngraph 18 he:eof or abandonment of the Prop~rty. Lender sball be entided to have a reoeiv~ appointed by a
oouri to enter~pon, take pos~eeaion of and manage the Property and to oollect the renta of the Property, iacltidin~ thoee ped due. Al1 renb
o~llected by the reoeiver ahap be applied 5nt to payment of the oosts of management of the Property and eotlection of rants~ inclndins. bat not
limited to, rec~iver's fees. pnmiuau on receiver's bonds and reasoneble atlorney's fees. and then to the ~um~ ~ecured by this Moct~a~e.'Au
receiver shall be liable to aooount only for those e+ents actuaDy received.
21. Ptiture Adva~. Upon requeat by Borrowec. I.enda. at Leader's option within twenty years from the date ot this Mortgags, maY
make I~ture Advaneo~ w Borrower. 3nch F~ture Advanocs. with int~erest thereon. shall be ~ecured by thi~ Mortga~e nrhea e~?id~ed by
promissory notes stating that said notes an secured hereby. At no time shall the principal amount of the iadebtednea secured by this
Mortgsge. not including sums advanoed in accordanoe herewith to ptM~ecK the secnritY of thia Mortgage, exoeed the origind amount oi the
Note plw U.S.~ N.~_ -
22 Releeue. Upon payment of all aums secured by this Mortgege. I,ender shall release thia Mortgage ~vithont charge to Borrower.
Borrowe: ahall paY all costs of recordation. if any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attumey's [eea" shaU include attorney's fas, if ewy. which may be
awarded by ati appellate court.
IN WITNESS WHER~OF. Borrower has executed this Mortgage.
Signed, eealed and delivered
in the preeence of:
~
. . . . . . , . ~ • • . - . : ~~,~~.~i!u,~C, .~~itcs~L~sr. : . . . . . . . . . . . . . . . . (Seal)
~ilvitnese M~c ael Ruci k' -s°"°"~
.
. . . . . . . . . . . . ~ . . . . . . . . . . . .r . . . . . l~.~~%~?G``J . r-~!f . . . . . . . . . . (Seal)
Witness ~Kathleen S.~ Rucinski~
~ STATE OF FLORIDI~ . . . . . . . . . . . . . ~t.. ~.UC1 . . . . . . . . . . . . . . . . . County ss:
I
i
~ I hereby certify that on this day, before rr.e, an officer duly authorized in the state aforesaid and in the oounty aforesaid to .
~ takeacknowledgementa, personally appeared......Micbael.~J...Rucinski..and.Kdth1Ee11.S~_.Rucinski,.his•..
~ . . ~1 fg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known ta be the person(s) deacribed in and who executed the
; foregoing inatrument and acknowledged before me that tf]P.,yc executed the eame for the purpoee therein
expresaed. ' `
WITNESS my hand and official seal in the count5 and state aforesaid this . . . . . . . . . . . . ~b~~. . . - • . • • • • • • • • • • • day of
. . . . . : . . . . . . . Apri.l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , is.81.
. ~dsry F,;SrK ~t~t~ ~ F-;~: a~ ' ~
My Com~ion ezpiree: µv Con+~sa~ E,,~•~s
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i Steve Day _ c?~ee ~NC «co~~t:
~ Firet Federal Savinga and L,oan 5 R!'G~~
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Association ot Fort Pierce, Florida :~34.50 tlEklt Ci~ ~:lii CC:.r~.y,
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