HomeMy WebLinkAbout079918. Aocelerstlon; Remedie~. Ssoept a~ provided in p~ra~rapb 17 hereot, upon 8orrower'~ breach oi aa~r oovensnt or
a~reemeat ot Borrower ia this Mort~~e. includias the oove~anta to p~,~+ whea duo aty- w~au ~ecured b~- tbL Mort~~e.I.eader
prior to Roceleratioa ~hall mell aotice to Borrower ~ provided ia pua~e~apb 14 heroot~pecltyin~ (1) the brewcb; (~) tbe actioa
required to cuce ~uch breach; (3) a date, aot leu than 30 d~,y~ l~om the date the notioe b malled to 8orrower. by.vhich •uch
breeich mwt be cured; Rad (4) that tatlure to cure such bwwch oa or be[orv the date ~peclAed ia the aotios myr rawlt ta
soosleration ot the sunu ~ecured by tbi~ liort~a~ez toreclwure by judicial proosedla~ ~ad sale oitha Prop~t,,j-. The ootke ~l~wU
t~rther tnform Borrower of tbe rlsht to reiaatate sAsr sooeteratioa and the ri~ht to wert in tLe torecloatre proosedln~ the
noA-e:i~te~oe of w de[ault or way ot6er defenae ot Borwwer to soceler~don aad toreclosure. It the breach i~ aot cured oa or
before the date ~peclBed ia the notice. l.ender et Leader'~ optioa may declare all of We wm~ ~ecured by thb Moet~ase to be
immediately due and payabla without tWrther demand and m~y [oreclose thi~ Mort~ste by judkial proceedia~. Leader ~bsll be
entitled to oollect ia such proceedin~ sll expeases ot foreclo~ure, includin~, but aot 1lmtted to, reasonable attoraey's tee~. ~nd
costs o~ docueaentary evidepoe. abstraMa and title reporta.
19. Borrower'~ Rl~ht to Relnstate. Notwithdanding Lender s aoceleration otthe ~um~ ~ec~ued by thi~ Mo~e~e, Borrower ~haA have
the right to have any proceedings begua by l.ender b eaforce this MortgaQe di~oontinued at wny time prior to eatry of a judgment enfoscin~
this Mortgage if: (a) Borrower pays Lender all suau which would be thea due w~der this MortQa~0. the Note dad notes securing Ptiture
Advances, it any. had no acceleration occurred; (b) Borrower cures all breacl~es of any othu covenaat~ or a~reements oi Borrower oontained in
this Mortgage; (c) Borrower pays aU reaeouable e~cpenses incurred by I~ender in enforcing the oov~anL and a~reementa of Borrower
rnntained in this Mortgage and in enforcing I.ender's nmedies aa pmvided in para~rap6 IS hereof. includin~, but not limited to, na~oaabls
attornay's feee; and (d) Borrower takea auch action as Lender may reasonably require to aMUre that the liea of this Mort~a~e, Leader'~ intere~t
in the Property end Borrower's obligation to pqy the sum~ secured by this Mortgege ~haU coatinue unimpaired. Upoa ~uch paymeat aad cure
by Borrowe~r. this I~origageand the obligations secured hereby ehall remain in tnll forue and eEtect as if no aoceleration had oocun~ed.
20. Assi~ume~t of Reata; Appolntmeat of Receiver. As additional ~ecarity hereunder. Borrower hereby asai~u to Lender the reata
of the Property. provided that Borrower ehall, prior b aoeeleratioA under paragraph 18 he~eof or abandonment of the Propesty. have the right
to collect aad retain such nnts as they beco ae due and peyable.
Upoa acceleration under paragraph 18 hereof or abandonment of the Pcoperty. Lender ahell be entitled to have a reoeiver appoiuted by a
court to enter~pon, take poesession of and managa the Property and to collect the renta of the Property. including thwe pest due. AU rents
rnUected by the receiver shall be applied first to payment oi the ooste of management of the Property and ooUection of tenta. includin~. but not
limited to, receiv~'e fees. pnmiums on receiver's bonds and reasonable atbmey's feee. and then to the ~ums ~ecured by this Mo~a~e.'ILe
receiver shall be liabie to aooount only for those nnts actually received.
21. FLtare Advance~. Upon request by Borrower. Lender. at Lender s option within twenty years from the dete of this Moet~age. may
make P1~ture Advanoes to Borrower. Such FLtnre Advanceq, with in~t thereon, ahaU be ~ecured bY this Mortgage when evidenoed by
promiesory notes stating that said notes nn secund hereby. At no time shall the principal amount of the indebtedne~s secured by this
Mortgage. not including swns advanoed in aocordaace herewith to protect the eecuritY of this Mortgage. e:caed the original amount of the
Note plw U.S_i_.j+j~g ~
22 Release. Upon payment of all suma secnred by this Mortgage. L.ender shall release this Mortgage without charge to Borrower.
Bormwer ahall pay all caste of recordation, ii any. . ..• `
23. Attorney's Fees. Ae used in this Morycage and in the Note, "attorney's feea" shell include attorney's fees, if any. which may be
awarded by an appellate court.
IN WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, aealed and delivered
in the pse8ence of:
' ' ~ ~- `~-t_ . . . . (° . : .v K~ . . . . . . . . . . . . . . . . (Seal)
..,....~.. <<~-. .~..... .. . ... .. ... ~.
- ~W~tnesa ~ H. HILT~1, a single adult -~~ ~~
..~~~~..~.. _ ~l~~~:....... ... ................. .................:..........(Seal)
• Wltn~88 -fSorrowQ
STATE OFFIARIDA~ ... . . . St: . Lucie . . . ... . ... . . . . . . . . . . . . . . . . County as:
I hereby certify that on thia day, before rr.e, an officer dul a horized in t e sl te af : d and in the county aforesaid to
take acknowledgemente, per~ona~iy gP~ar~ .... ~ une .H . yH i~ ton ? a s ngfie a~u~~
. . _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to }ie the person(s) described in and who executed the
........
foregoing instrument and acknowledged before me that .... She ......, executed the same for the purpose therein
expreased. ~
W ITNESS -y ha_nd and official seal in the oounty and atate aforesaid thia . . . . . . . . . ~. . .r'.~. . . . . • • • • • • - . • - • • - • day of
........ ~,~'!-t:~":~,. ............................ ._19.~~.. - ,
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~~ty Ctq~Amiasio~,eapires•
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J, L '., ~ Notu~r Pubt~t. Stat~ ol Fteri~a at (~r t .
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'~ •. :r' ~;` ~ . I1i11 Coaunissan Expues lan. 23. 19~ . . ~. !L . . . N~~ . ,c . . . ~ . . . . . . . . . . . . . . . .
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~ ' =~ ~ . ~ • - ' ~tipare Ifoluu Th„ l.tnv His~rrtd For I.~ndrr and Rtcurda~l
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~ " ` . ~~,t ~ePai~a b,,: 1981 FE8 - 9 ~':-; ~ 3 S
James A. TenEyck si i ~ E"~cf}vrY`~t~i~
First Rederal Savings and Loan RCGER PCI1Rtis
Aseociation of Fort Pierce, Florida :~.3450 CtERi: ~~t~CC~T CGUK
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