HomeMy WebLinkAbout079518. Acceleratba; Rea~edlea. B=cept u pwvided ia parastapb 17 bereot. npon Borrowree'~ b~eewch ot sa~r ooveawat oe
s~eeemeat ot Bore~ower ia thb Yort~s~e. iacludin~ the oovenu~ta to pyr whea due anp a~m~ ~ecured by thL Mort~s~e. l.eader
prM~ to aooeles~tloa ~hall ~aail ~otloe to 8ore~ow~er a~ provlded in pu~rapb 14 he~eof ~pecifytnt: (1) the bre~cb: (~) tbe actloo
requlred to cure wcl~ breach; l3) s date, aot les~ th~n 30 dqr~ tMom tbe date the aotbe L m~iled b Borcowee. by.vhich •ach
breac6 mwt be cured; uid (4) thwt tailuce to cure wch bce~cb on or betore ths date speciAed !n the aoUos mq rea~lt ia
.ooetentba of tbe wn~ ~ecured by thL Most~s~s, toreclosure b~r judieial proosedtn~ ~ad s~leoitbe Propert~r.The aotWs~6aU
f~urther iaform Borrow~e~ ot the ri~ht to reirutate aRe~ aooelentioa ~ad the ri~ht to wert in tbe foreclosure prooeailns tbe
non-e~teAOe o[ w defsult or any otber de[ease o[ 8orrower to aaceler~-tioa ~nd foeeclowra It the breach b not cured on or
be[ore the date speciHed in We 6~tice. 4eader at I.eader'~ optioa mq decl~re ~110! the ~uau ~ecured by tbb Mort~a~e to be
immediatel,~- due aad pqrabte without f~urtber dem~ad ond mqr [oreclwe tbi~ !lora~w~e b~- judkial proosedia~. L~der ~hall be
entitled w oollect ip such prooeedin~ all espease~ ot toreclosure. iacludiA«. but aot ltmited to. reawn~ble attornep'~ fees. and
coots of documeatary evideaoe, abstrect~ and title reporta.
19. Horrower'~ Ri~ht to Reiastate. Notwithatanding Leades ~ aeoelerstion oi We sum~ ~ecured by this Mort~e~e. Borrower shall hbve
the right to have any pe~ooeedin~ bq~un by i.~der to enforoe this MortgaQe diaoontinued at aay time pria~ to entty of a]ud~meat eaforcin~
ehi~ Mortgage if: (a) Borrower pyn Lender all sum~ which ~vould be thea due under thi~ Mort~a~e. We NM~e and notes aecuria~ P~ture
Advaaoes. if any. had ao saceleratioa oocurred; (b) Borro~ver cures aU bceaches of any other oovenant~ or a~reemenb of Borrowet oonteined in
thi~ Mortgage; (c) Borrower pays all reasouable espe~ua incurred by Lender ia enforcin~ the oovenanh sad agreementa oi Borrower
oontained in thi~ Mo~age and in enforcing I.ende:'s remedies as provided in pera~raph 18 hereof. includin~. but not limited b. rea~onabls i
attorney's fees; and (d) Borrower takes such action a~ I.e~der mey nasonably require to ewnre that the lien of Wia Mort~aS0. Leader'~ iatere~t
in the Property aad Borrower s obligatioa to pey the sum~ ~ecured by thi~ Mortgage shaU eoatiaw unimpeured. Upon sach p~yaneat and cnre
by Borroaer~ thia Mortgage aad the obli~ations securid hereby shall remsin in tuU foroe sad dfect eu it no sooelastioa hed occuered.
20. Auisnmeat of Renta; Appolntment o! Reoeiver. As additional security henunder. Borrower hereby assi~ns to Let-der tl~e rents
of the PropMy. provided that Borro~rer ahall. prio: to aoaleration uader paragraph 18 hereof or abandonment of the Propesty. have the si~ht
to coAect and retain snc!- rents as they become due and payable.
Upon aoa~leration unda parag~aph 18 haeof or abendonment of the Property. Lender shall be eatided to have a reoeiver appointed by a
rnurt to enter~pou. take pos~ion of and manage the Property and to ooUect the rent~ of the Prope~ty. including Wws past due. AU reats
oollected by the receiver shaA be appGed 5rst to payment of the oosb of mana~eme~t of the Prope:ty sad oollection of reata, iacludin~. bnt aot
limited to. e~eoeiver s fees. preiaiums oa roodver'~ bouds and seawnable attomey'~ fea. and then to We ~nms ~ecnred by this Mort~a~e.'11~e
reoeiver ahall be liable to sooouat only for tho~e renta actually reoeived.
21. F~ture Advani,~e~. Upon requed by Borrower. Lender. at landefs option within twenty yean from the date of this Mortgage. may
make P~tnre Advanocs to Borrower. Such I~tnre Advsaae. rIIILII IO~t L~lE[lOD. ~hall be ~ecured bY this MortSa~e whea evidenoed by
Promi~sori notes statiag that said aotcs are ~ecured henbY. At no time ahaU the pr~ncipal amonnt of the indebt~ednas secured by thii
Mortgage. not inclu~seums advaaoed in aocordaaoe herawith to pmtei.~t the sec~uity of this Mortgage. e:oeed the ariQinal emouat o~ the
Note plw U.S.i nvn
22 Release. Upon payment of all ~ums secured bY ~~ Mortgage. Lender shall relaue this Mortgage without cl~arge to Borrower.
Borrower shall psY a~l casta of recordation. iE any.
23. Attorney'~ Fees. Aa used in this Mortgage and in the Note, "attorney's fees" shal! include attorney's fees, if any, which may be
awarded by an appeUate rnurt.
irt Wt1't~ess WHE~tEOF. Borrower hae executed this Mortgage.
Signed, aealed and delivered
in the preeence of:
~
Z,~ ~--e~~ _i~~~~~":~. ~z'`~-.~-~; • • (Seal)
.. ~'~...... ....~... ..... . .. ........... . .
~~ _ ~Witness GLENN A. AIELLO -B~
. . . . . . . . . . . . . ~ . ~ . . . . .`:{r~2./. .f . . . . . . . . . . . . . . ~.•. . . . . . . . . . . . . . . . . . (Seal)
~lj~~ Witnese -F. .
EILEEN M. AIELLO
STATE OFFLORID/~ . . . . . . . . -~it:. .~,rI~C~~ . . . . . . ... . . .. . . . _ . . . . . . COLIIty 88:
I hereby certify that on thia day, before rr.e, an officer duly authorized in the atate aforesaid and in the county aforeesid to
tske acknowledgementa, ~onally ap~ared .. Gl enn A. Ai el l o_ and. E i 1 e~n. ,Mt. ,Ai ~~ 1 p, , hi S. .wi.fe. ..........
.............
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the peraon(s) deacribed in and who executed the
foregoing inatrument and acknowledged before me that .. theY . ............ executed the same for the purpose therein
e:pressed.
................. day of
WITNE my and and official aeal in thecounty and state af id thie ..........~..~ -
•----......~-~~.. --- .....--• .............•---.... , 19_.~
~
My Commisaion ezpires:~ ~, State of Florida ~t (~rq~
11- Gmaissioa E:pires lan. 23, 1984
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Prepared by:
Mary Platt
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Not Pu ~ ~
~tipnc~ /klou ?h4a /.~n~ Rrar-red For l.~nd~r und Rrcv-dr-I
Firet Federal Savinge and Loan
Aeaociation of Fort Pierce, Florida :3.3450
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~~348 pM~ 795
1981 FE3 -9 P:~ ~ 35
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