HomeMy WebLinkAbout080718. Aoceleratiop; Remedie~. B:cept u provided ia puatraph 17 hereof. upon Borrower'~ brewch of aqlr oovenant or
a~reemeat of Borrower ia tbi~ Mort~ey~e. includia~ the ooveau~ta to pyr wheo dae aay ~um~ ~epired by thia Mort~a~e, l.eader
prior to aooeleratioa ~hall mall notloe to 8ormwer u~ provided in pwra~rapb 1~ horeof ~pecltyiaL: (1) the breach; (9) the ~ctloa
requfred to cure ~uch breacb; (3) a date, aot lew thar~ 30 day~ tfrom the dete the aotioe L m~lied to 8orrower, by whic6 wc6
bresch mwt be cured; and (4) that tailure to cure ~uch breach oa or bofore the date ~peclAed ia the nodos mq rewlt W
eooaleretloa oithe ~um~ ~ecured by tbi~ Mort`a~e, foroclo~ure by judiclal prooeedlns and ~ale otthe Property.The notlt~ ~hsU
tbrlher W form Borrower oi the risht to reinstate aRer sooeleratloa end the risht to wsrt ia the toreclowrs proceedla~ tLs
non-esisteuce of ~ defiult or aqy othe~ de[ease ot Bo~rower to woceles~tioa aad [oreclowre.lf tbe brewch L not cwed oa or
be[ore tbe dste ~peciAed in tbe aotice. LeAder at Lender'~ optioa my~- decl~re aU ot t6e wma ~epued by thb Mort~a~e to be
immedistely due and payable witbout iWrther demaad and m~y foreclo~e thi~ Mortsate by judicfal pmoeedlp~. I.ead~r ~hall be
eatitled to oollect in euch proi,~eedias ~II e:pe~ue~ of torectwure. iacludla~. but aot ltmtted to. reawaable attorney'~ tee~. ~nd
cosb of documentae~r evide~ce. ab~trscts ar~d title repoet~.
19. Borrow-er'~ Risht to Retu~tate. Notwith~tanding Lender'a soceleration of the sww ~ecwnd by thi~ Mort~e~e, Borro~ver ~haU have
the right to have eny pmceedings begua by l.ende~ to enforoe this Mortgage disoontinued at sny time prior to entry of a jud~m~t enforcin~
this Mortgage if: (a) Borrower pa~ra Lender all ~uau which would ba then due under thi~ MortQa~0. ths Note and aotes ~ecuriag F1~ture
Advanoe~, if any, had no aa eleration occurred; (b) Borrower curee all breaches of any other oovenanta or s~reemeAt~ of Borrower oontained in
this Mortgage; (c) Borrower pays all reasouable espeneee incurred by Lender in enforcing the ooveaanta aad ag~+eemeuq of Borso~rer
oontained in thie Mortgage and in enforcing Lender's remedies as provided in psragraph 18 hereof. including. but not limited to. rea~onabls
attorney's fees; and (d) Borrower takea euch action aa Lender may reasonably require to assurelhat the lien of thi~ Mortasge. I.eader's iatera~t
in the Property and Borrow+er's obligation to pqy the sums secursd by this Mortgage ehall oontinue unimpeired. Upoa ~uch payment and cnre
by Borrower, this Mortgage and the obligations secvred henby ehall remain in tull foroe and efYect as if no aooel~ation had oxurred.
Z0. Assi~ameat of Renta; Appoiatment o! Receiver. As additional security hereunder. Borrowe~r hareby awign~ to Leade~ the seata
of the Property, pmvided that Borrower shall. prior b acceleration under paragraph 18 hereof or abandonmwt of the Firape:ty. have the right
to coUect end retain such renis as they become due and payable.
Upon aoceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have s reoeiver appointed by a
ooust to enter~pon. take poeeession of and manuge the Property and b ooUect the rents of the Property. including tho~s past due. All rent~
collected by We receiver shall be applied fust to payment of the ooets of management of the Property and oollection of renta, includin~. bnt not
limited to. reoeiv~'s fees. premiums on reoeiver's boads and reasonable attomey's fees. and then to the sums secured by thi~ Mort~aQe.'1lre
receiver shall be liabk b aooount oaly for those renta actually received.
21. Pbtnre Advance~. Upon request by Borrower. Isnder. at Lende~s option within twenty yea» irom the date of this Mortgage. msy
make Fliture Advaaoe~ to Borrower. Such P1~hue Advances. with interest thereon. shall be secured by thie Mortgage Mrhea evidenced by
promi~sory note~ stating that said notes are secured hereby. At no time shall the principal amount of the indebtedne~s secured by this
Mortgage, not includi~g snma edvanoed in accordance herewith to protect the security of this Mortgage, e:oeed the original amount of the
Note plw U.S.~ ~Q11P
22 Releaae. Upon payment o! all sume eecured by thia Mortgage. L.ender shell release this Mortgege without charge to Borrower:
Borrower shall pay all cosls of recordation, i[ any.
23. Attorney's Fees. As ueed in this Mortgage and in the Note, "attomey's feea" shall include attorney's fees, if any, which mey be
awarded by an appepate court.
IN W17'NESS WHEREOF. Borrower haB executed thie Mortgage.
Signed. eealed and delivered
in the presence of:
~~~~,~~i~ ~v~ ~: ~. . . ~ . . , y ;~ ~~l' ~: ~'. . ~' . . .
' Wltness
. ~_!V...~~.... .................... ...
Witness
STATEOFRLORID/~...,,,, St..I..UCIe ..................
. .` ~~~ .~:~Jt~L~K~ . :":'~"~!'~-v . . . . . . . . (Seal)
Charles Mark Bender -B°"°"°
y'y - - - ~) t
. . . /. .'.~~:~: ~ . .~~~;~~ .~'~~ ~ :t~~ . . . . . . . (Seal)
Mary Ellen Bender -"°"°~R
.. . .. .. . CO11Aty 88:
I hereby certify that on this day, before ~r~e, an officer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgements. ~~onany ap~ar~a.....Charl.es..Mar.k. Bender..an.d.MarX.~l.len.~~~der.,..baS.w~fe..
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . to me known to be the peraon(s) described in and who executed the
foregoing inatrument and acknowledged before me that .th@y .............. executed the eame for the purpoae therein
expresaed. K ~
WITNESS ~y d and official seal in the county and atate aforesaid thie . . . . . . . . . .-1 . . . . . . . . . . . . . . . . . . . . . . day of
. . . . . . . . . . . . . . . .~~. ~a:l~ 1~L~ . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . 19 $.~. . ..
~ty Cor~
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' , ~., i ; y `~ ;; Notary Public
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tim~pt Prepared by:
Jerry Litrento
First Federal Savings and Loan
Association of Fort Pierce, Florida :~3450
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1981 FE~ -9 ~~ ~ 3S
F~ltt It+t ~' cc~,-~n
S1.lUL~E CGL'NtY.F . ,3
RC:~~~ PGITRAS
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