HomeMy WebLinkAbout052118. Aooeleratioo; Remedie~. B~ospt ~a provided la p~r~r~p6 17 heeeot~ IIp00 80t['ON~~ ~ O~ ~I~ OO~IOlliot O!
a~reement oiBorrower in t6L Yorss+sa ~nctu~t~ che oo~en.Ac. ~op.~-~b.ad~..w.ae.~.o~rad~- u~. Mor~s•sa t.a,~ee
Prios to ~oosleratloa ~hall mall aotios b Borrow-er a~ provided !n para~rap614 hereoi~yeclMas: li) the bt'e~ch: (s) tbe wctba
required to cnre wch breach: l3) w dste. aot lew tbaa 30 d~~r~ A~os~ tbe date We notk~ i~ mwiled to Bosrow-er. b0- wrbfc6 w~b
beeacb mwt be wred; aad (4) that tailurs to cure wcl~ bre~ch oA or bstore t6e dst~ ~pedAed la tke ootlos ^uy- e~ew~lt in
aoosleration of thewms~ecured bi-thL Yort~a~s, ioreclowreb~r j~dicial pe~ooeedln~~ad ~aleott6ePropeet,jr.'1'he eatioe~haU
ftirther iaform 8oew~re~ ot ti~e riYht to relastate aA~ ~ooelention aod tM risht to ~wset tn tbe ioreclowr~ prooeedin~ t6e
non-ezi~te~oe oi s defwlt oe aeyr otber defe~e of 8orrower to aooeler~doo tad foeeciow~re. Ii tb~ brewch L aot cared oa or
before tl~e date ~peciAed in t6e ootioe. I.ender at Lendsr'~ option au~,~r declae~e aU o[ ~6e ~uar sea~red b~ t6i~ Yort~e to be
imraediate~j- due and py-~ble witlwut A~rther demaad aad may [oreelo~e t6b Yorti~a b~r jadlclal p~oosedia~. I.endetr ~hall bs
eatitled to ooUed in sucb proosedia~ ~ll espea~e~ ot fore~lowre. iaclndln~. bnt aot llsited to, r~oaable attoraeq'~ tess, aad
co~ta ot documeataqr evidaacs. wbsts~cta ~ad title report~.
19. Borrowrer's Ritht to Aeia~tate. NotwiWatandin~ Leuder'~ a~oodarat~on ottbe sniw ~ecured bi- tbi~ ~. Boero~wr ~haU haw
che ri~hc to have anr pe~ooesd'u-~. beQun by- t.eaae~ eo entoroe thi. Mort~.~e d'uooatiaued.t.w- time peia to.oap ot • iuasmenc eatorci„~
t1-iw Moarts~e i~ (a) Aorrow~ar pyn Leader all swns w61ch rwuld bs thes~ dw nr~da thi~ Mortsa~ tM Not~ ~nd nota ~scarins Pldnrs
Advanoa. if aay, had ao aooeleration oocurred: (b) Borrower cure~ aU b~eache~ of any oWe~ oovenant~ o~ a~r~h of Bo::ower oontained in
this Mo*t~a~e: (c) Borrower psy~ all reawuable espeiue~ incorred by I.eader in eaforans tM ooveeaab and a~reemeat~ of BoerowR
oontsined ia thi~ Mort~aQe and ia enfort3n~ I.eade~'~ remedie~ ~s p~ovided in paniraph 18 heeeo~ indadins~ bnt not timited to. e+euoaabb
attorney'~ feer. and (d) Borrower tske~ ~ud~ adioa sa Lei-der mey rauonably requirs b a~sars t1~at the liea otthi~ Morfsase. Iwndrr'~ intsrMt
ia the Proyesty ~nd Bosrower'~ oWi~atioa b pa,y tl~e ~ums ~ecursd by tl~ Mosf~a~e shall ooatinw nnimpaired. Upoa wch pwyma~t and can
by Borr~ower. this Mo~tga~e aad the obli~ations Ncured hereby shall remain in tull facos uid agect a~ ii qo aooelentio~ had ooctiut~ed.
20. As~isnmeat oi Rents; Appointanent ot Reoelver. As additioad ~ecaril3- herennder. Borrowe~ her~by a~si~ to I~endee tbe ern4
of the Pcoperty. ~ovided that Borro~rer ~haU. pcior to aooel~atioa w~d~ pare~rsph 18 here~f as abandonment dtbe Prope~ty. have tbs iisht
to ooUed aad ntain snch re~b eu they become due aad payable. •
Upon aooelention nnder parsRraph 18 hereof o~ abandonmeut of the Property. LeAder shdl be eadtled to have a reoe~ver aypointed by a
oonrt to eaternpoa. take poe~essioa of and mana~e the Propert;y and to ooUect the e+eab of We Properfy. iaclndin~ thoN put dne. All r~ts
oolleef~ed by the nceiver ~ball bs applied Gr~t b psymeat of tLe aosb of mana~e~nent ottbe Pruperty and oolkction oirent~„ ind~. but ad
limited to, recave~'~ fees. P~nium~ on reoeiver'~ bond~ and reewnable attorne~s fea. and tbea to the ~am~ ~scared b~r tbis Martsan.lLs
reoeiv~ shall be Uable to aooount only fo~ thwe reat~ adually reoeived.
21. I+~ture Advance~. UPon ~'~9~ bY ~~. ~~• at Lande:'~ option within twenty Yean irom the dafe of tbi~ MortB+iBe. m~-Y
malce Flitnre Advance~. to Botrower. 3nch Pbtnre Advanas. with iat~eee~t We~aon. ~hail be ~ecured b~- thi~ ~[atiate when evid~nosd bY
pe+omi..or~- no~e. statins duc said note. are .ecund hereby. At no time ~hall We p~rindWi ~mount of the indeMedneM ~e~vrad br tbis
Mortgage. nat inclnding ~ums advanoed in aocordaaoe herewiW to protect the aecviritp of thi~ Ma~tga~ a:osed the orisinal aasoant of the
Note plu~ U.3.t ~OM
22 Relea~e. Upoa payment of all sum~ sec~ued by thi~ Moitgage. Leader ihall rele~ue thia Mortgage withont cher~e t~o Borrower.
Borrowa ehaU gaY all cosfs of raoordation. ii any.
23. Attorney'~ Ree~. As used in this Mortgage and in the Note. ••atbraey i fees" shall iaclude attomey'~ tecs. if aay. whicb may be
awarded by an appolate oourt.
IN WITNFS3 WHBREOF. Borrower has euecuted this Mortgage.
Signed, eealed and deGvered
in tLe presenoe of:
. . ... .~.,~..~: - . ~.. .. . . . .
~G~' ' ~viineae
. . . . . . . . . . . Witnesa
.~..~.~...~.~~;~ .............. B~~
GLENN R. SAPP
. . . .~. . . . . s~.. . . ~~'4'~.~e~-. . . . . . . . . . (Seal)
SHERYL L. SAPP -B~ ~
STA7'EOFFLO[tlD/~........ . $t:. LUC1@ ....................... COllri~- 88:
I hereby certify that on thia day. before ir~e. an officer duly authorized in the atate aforesaid and in the oounty aforeeaid to
take acknowledgements, pereonally appeared...G.1.@Ol'I.R..S~pp..avd.Sherxl..L..Sd~1p...t1~S.Wi.fE ................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . ... . . to me known to be the person(s) deecxibed in and who e=ecuted the
foregoing inatrument and acknowledged before me that ......thP,Y ......... executed the eame for the purpoee therein
ezpresaed.
WITNESS y ha d and official aeal in the county and atate aforesaid this . . . . . . . . : S(~ .. .. .. . . . . . . . . . . . .. day of
..............~' .. . .... ........................ , 19.~..
My Commission ezpires: ~t~ Publ~c, Siate ot Horii~ N Larq~
`~.~~u~ttt~:~l~~fp~ Mr Co«sapssioo En~ins l~a. 23, 1984
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Thia lnatrument Prepared by:
Steve Day
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ISpact Belotc Thu Lint R~svrued For Lendtr ond Rtrn-dtrl
Firat Federel Savings and Loan
Association of Fort Pierce, F'lorida 33450
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:I.LUC~C CC:i.v1Y.~t ~.
RaGER P011RA5
CLERK Cf~CU~T COUR1 -
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