HomeMy WebLinkAbout081118. Acceleratioa; Remedies. Cscept ea provided ia pua~rapb 17 hereot. upon Borwwe~'~ breach ot ~a~+ ooveaant or
a~reemeat of Borrower in thb Mort~a~e, includia~ the ooveaanta to pay whea due aq~- waa~ sec~red b~y thb Morts~e. Leadee
prior to ~oceleratlo~ ~hell mail aotioe to Borrower es provided fa para~rwpb 14 hereotspecilyln~: (1) tbe breach; (Z) the action
raluired to cure ~uch breach; l3) ~ dete, aot lew tban 30 d~y~ tirom the date the aotlce L mailed to Borrorvee. by ~vhich ~uch
breacb mwt be cured; and (4) that tallure to cure such breach on or betore the date ~peciQed ta the aotioe mq rewlt ia
acoeler•cloa ot~he.wn..ecured by ~hL Morc~a~e. foreclwure by judlcial proceedin~ aod ~ale of We Property. The aotice ~6all
further tafora~ Borrower ot the risht to reins~ate after aooelerotion wnd the e1~ht W wsst iw the foreclwure proosedta~ the
noa•ezt~teaoe oi ~ default or any other defe~se of Bortower to aoceleratioa and foseclo~ura It We breach b aot cured on or
before the dwte ~pecltied ia the notica, l.ender st I.eader'~ optloa m~y declare all o! the wms ~ecured by thL Moi^t~a~e to bs
immediately due sad pe~abte without turther demand and may toreclose thls !lort~a~e by judicial prooeedin~, Leader ~hall be
e~titled to collect ia such proceeedina all ezpenaee o! toreclwure. includln~, but Aot limited to. reawnable attorney'~ tees, and
coets of documeatary evidence, abstracts and_ title report~.
19. Horrower•s Rl~ht to Reiaetate. Notwitlutanding Lendei s aooeleration oithe ~um~ ~ecured by tl~ia Mort~aQe, Borrower ~hall have
the right to have any proceedings begun by Lend~ to enforce this Mortgage diicontinued at any time ~ior to entry of s jndgment e~forcin~
thia Mortgage if; (a) Borrower pays Lender all eums which would be thea due uader this Mort~a~e. We Note aad notes ~ecurin~ Ptiture
Advances. if any, hed no acceleration occurred; (b) Borrower cures all breachea of any oth~ oovenenta or eQreeiaent~ of Borrowqrr.ontained in
this Mortgage; (c) Borrower pays all reaeouable pacpenses incurred by Lender in eaforcing the oovenanb and egieementa of $orroaer
oontained in this Moregage and in enforcing Lenda~'s remediee as provided in paragreph 18 hereof, includiag but aot limited to, rea~ot-abls
attorAey's feea; and (d) BoROwer takes such action as Lender may reaeonably require t,o assure Wat fhe liea of this Mortgage. Lender'a intenst
in the Property and Borrower e obligation to pay the snms secured by thi,s Morfgage shaU contiaue unimpaired. Upoa ~uch payaaent aad cnre
by Borrower, this Mortgage sad the obligetions secured hereby shaU remain in fuU foroe and effect as if no aoceleration hsd oocurred.
20. Aasi~anment o~ Reata; Appointment of Receiver. As additional security hereunder. Borrower hereby awiga~ to Lendar the renta
of the Property, pmvided that Bormwer shall. prior b acceleration under peragraph 18 hereof or abandonment of the Propaty, have the right
to collect and retsin euch nnta as they become due and payable.
ilpon acceleration under paragraph 18 hereof or abandonme~t of the Pcoperty. Lender shall be entitled b have a reoeiv~ appoiated by e
aourt ~o enter~upon. take posseasion of and manage the Propcrty and to ooUect the rents of the Property. includiug those pa~t due. All eenfe
oollecled by the receiver shall be applied first to payment of the ooeta of management of the Prop~zty and ooAection of renta, includin~, but not
limited to. receiver's fees. premiums on receiver's bonda and reasoneble attorney's fees, and then to the sums ~ecured by thi~ Mort~ege. The
nceiver shall be liable to aooount only for those renta actually reoe~ved.
21. I~ture Advance~. Upon requeet by $orrower. LeAder, at Leader s option within twenty years ftom the dste of this Mortgage, may
make Futun Advaaoes to Borrower. Such FLture Advances, with interest thereon, ahall be ~ecuted by this Mortgage when evidenoed by
promiseory notes stating that said ~otes are secured hereby. At no time shall the principel amount of ~he indebtednus secured by this
Moctgage. not includin~ sums advanced in accordanoe herewith to protect the accurity of thia Mortgage. e:oeed the original amount of the
Note plus U.S.i ~'LQDP
22. Release. Upoa payment of all sums eecured by this Mortgage, Lender shail nlease thia Mortgage aithout charge to Borrower.
E~orrower ahall pay all costs of recordation, i[ any.
23. Attorney's Fees. As used in thie Mortgage and in the Note, "attorney'a feea" shall include attorney's ices, ii any. which may be
awarded by an appellate rnurt_
I:v Wrrx~.ss WtiEReot. Borrower has executed this Mortgage.
Signed, eealed and delivered
in fhe preeence of:
. ~ . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . %~ ~. . . ~!.~. "l~•/.-4-~-w~-r' ~%'. . . . tseal)
~~~~~ ~ ~11Nitnesa MERRILL D. WI 6E ~ -~-~
. . . . . . . . . . . . . . ~.0. . . . . . . . . . . . . . . . . . . . . . . ~'~ :~1~j1.:~. . . . . .~I~~Sl~L~~2 .~r~.-.~.'!~ (Seal)
• Witness NORMA J. WI NGER -K°"°""!
.
STATE OFFLORID/~ . . .. . .St-. .LUC~Q . . . . . . . . . . . . . . . . . . . . . . . . . . . COUtlty S8:
~~ ~,..,:_~
~ ereb~ tlp,at on thia day, before rr~e, an officer duly authorized in the atate aforesaid and in the cou ty aforea id to
t
ce~ ~' ow. ~,~ personally appeared ...~r~"111_ . D._ _Wi n i nger . and_ Norma. J._ Wi n~ nger, ~i s. w~ e,
. ,'. ~.: '-' ~ ; f': : . ~ ' . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
f ~ _ ;~iatr~ta . _• acknowledged before me that . _ . . they . . . . . , , . . . execated the same for the purpose therein
_ : ,, ~' ~ ~ ~
s ~ ~ ~ ~ ~r d official seal in the county and atate aforesaid this . . . . . . . . . .9 . . . . . . . . . . . . . . . . . . . . . . day of
. t~ ,..,;r' ~ .. ..• .................. . 19.$ 1... •
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~Spacr fieG,4 Th~. /.~n~ Hrsl~rid Fo/ %~nde- and Racti~/dv-/
This Instrument Prepared by: I9SI F~u -9 ~~ 3' 35
Carol Fore ~=i`-e ."`' «u'r~~: i;
„ iULIE C~J:;yTY.f' ~.
ROGEr~ t'CITR;.S_
First Federal Savings and Loan CLEF;K C.="~-~ ~~L'
Association of Fort Pierce, Florida :33450 Q; --,- -, ;~~ c..-'t ' ----
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