HomeMy WebLinkAbout081918. Accelerwtion; Remediea. Escept aa provided iu pus~aph 17 bereof. upoo BoROwer'~ breach ot uUr oovenant or
a~reement ot Bor~ower in this Mort~a~e, Includl~~ the coveeanta to pay whep d~e ~q~r ~um~ secuted by thi~ Mort~ate. Leadee
prior to aoceleratioa du~ll mall notlce to 8orrowar a~ pwvided in pwra~rapb 14 hereof ~pedty-inr: (1) the bre~ch; (Z) the actlon
requlted to cure ~uch breach; (3) s d~te, not lesa than 30 dqr~ ff~om the d~te the notk:e L mdled to Borrower. by wbich suc6
brea~ch mwt be cured; and (4) that faiture to cure such breacb oa or be[ore ths dRte ~peciAed iA tbe aotios myr re~ult fu
aooeleratioa of tlie ~uau secuced by this Mort~a~e. toreclwure by judicial proosedta~ aad sale of the Property. The aotice sh~ll
turthoe lnlora~ Borrnwer of the risht to reia~tate aRer aoceleration and tbe st~ht to a~ert ia the toreclwure proceedla~ tbe
non-esisteaoe o! a de[ault or an~r other defe~ue of Borwwer to aoceleratioa ~nd foreclo~ure. It the breach i~ not cused on or
before the date ~peciAed ia the notice. i.eeder at Lende~'~ optlo~ me,y declare aU of U~e wm~ secured by thL Morts~~e to be
immedlately due and payable without furtherdemand arid ~nay foreclose this Mort~ate by judicial prooeedln`. Lender ~h~ll be
e~titted to oollect in such proceedin~ all espensee olforeclosure, includin~. but not llmited to. reawasble attorney'~ feea. and
coeta of documea~ary evidence. abstrecb aad title reporte.
18. Borrower'~ Rl~ht to Relastaee. Notwithetanding Lender s acceleretion of the suma ~ecured by thi~ Mort~a~e. Borrowe~~haQ have
the right to have any proceedi~g~ begun by Lender to enforce thia Mortgage diseontinued at any time priot to entry of a jud~ment enforcin~
thia Mortgage it; (a) Borrower pays l.ender all sume which would be then due under this Mort~a~e. ths Note and notes ~ecurin~ ~ture
Advances. it any, had no aoeeleration occurred; (b) Borrower curea all breache~ otany other covenaab or aQreements of Borrower oontained in
this Mortgage; (c) Borrower pays all reaso~~able e~pensee incurred by Lender in enforcing the oovenante and aQreementa oi Borrower
contained in this Mortgage and in enforcing Lenderb nmediee ae providad in paragraph 18 heseof, including. but not limited to. reeuoaabls
attorney's feee; and (d) Borrovirer takea such action as Lender may reaaonebly require b essure that the lien of this MortgaQe. Leader's intere~t
in the Propaty and Borrower's obligation to pay the sums secured by this Mortgage ~hall continue unimpaired. Upon ~uch payment end c~ue
by Borrower. this Mortgage and the obligatione s~cured henby shaU remain in tull force and eftect aa if no soceleration hsd oocurred.
ZO. A/~I~ilQl@pl Of RCt1~A; Appoiatment of Reoeiver. Aa additional ee~urity henunder. Borrower heceeby assigns b Lender the renta
of the Property. provided that Borrower shall. prior to ecceteration under parag~aph 18 hereof or abandonment of the Pwperty. have the riQht
to collect and retain such renta as they become due and payable.
Upon acoeletation under parugraph 18 heTeof or abandonment of the P~operty, I,ende~ shall be entitled to have a reoeiver appointed by a
ooiut to enter~pon, take possession oi and manage the Property and to vollect the ~enta of tl~e Property. including tho~e pad due. All rents
rnpected by the receiver shell be applied first to payment of the oo~fa of management of the Praperty and ooUection of r~ts~ includia~. but aot
limited to. receiver'e fees. pre~niomu on receiver's bonds and reasonable attomey's fee~, and then to the sams secund by thia Mort~a~e. The
receiver shall be lieble to acoount only for those rents actually received.
21. l~ture Advance~. Upon request by Borrower. I:ender, at Gender s option within twenty years from the date of this Mortgage. may
make I~tun Advanoe~ Lo Borrowe~. Such I~tun Advancee, with interest thereun, shall be eecured by this Mortgage whtn evidencxd by
promiesory notes atating that said notes an secured hereby. At no time shall the principal amount of the indebtedne~s secured by this
Mortgage, not including sums advanced in accordance herewith to protect the security of this Mortgage, e:ceed the original amount of the
Note plus U.3.= ~E' •
22 Release. Upon peyment ot all eums secured by this Morigage, I.ender ehall release this Mortgage withont charge to Borrower_
l~orrower ehall pay all costs of recordation, if any.
23. Attor~ey's Fees. Ae ueed in thia Mortgage and in the Note, "att,orney e feea" shall include attorney's fees, if eny, which may be
awarded by an appellate court. -
, Itv WI'ftVE.S.S WtIBeEOF. Borrower hae executed this Mortgage.
~
.................
W itness
............ Witneas
.`'~'./Gi~~~~n'!y~T.!~ :~.
T{~LMADGE QUINN
'~~Q.-~:P-` .cIJ. r. .
SALLY B. ~UINN
STATE OFRIARID/~ . . . . . . . . . . . . . . . . . . . St.. LuCie. . . . . . . . . . . . . County sa:
. ~~f~~1l._i". . . .. (Seal
)
-HOROw'R
. .~ [~-:~-t'~-~J. . . . . . . . . cseal~
-Fi~xruwer
I hereby certify that on thia day, before rr~e, an officer duly authorized in the smte aforesaid and in the rnunty aforesaid to
take acknowledgements, ~~o~auy ap~a~ea ... . . . . . .Talmadg~ .Quinn .and. Sal ly. s.. Auinna..bis .wife, . .. ....
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . tn me known to be the person{s) described in and who eaecuted the
foregoing instrument and acknowledged before me that _ttlPy . ............. executed the eame for the purpoae therein
ezpressed. _ ~~ "
WITNESS my han nd fficial aeal in the county and atate aforesaid thie . . . . . . . . . . . . . ..~~. . . . . . . . . .. . . . . . . . day of
....... .,.. ~......~~......_.. ............... . 19.~1 _.
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~:`~'~ ~e j~ -• a_ , NOIAR PU6LK SIATE O~ FLORIDA AT tAR~GE
.~ti - ------ MYCOMMiSS10NfJ~P1~~~]L]~S_---------
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,~ `P" ~•. C,~ ---- ---- - - !~ Il~Rl1 GENfR/1l IP1S. lJP1DERYVRIIE~
,,.~.~,JC.~~~:,. ...~.
~ f - ~tipa~t NrG~u Th~.+ /.inv Hrs~•rred For /.~ndt~ and Ren~rds-/
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This Inatrument Prepared by:
_ ~Q]~tt __
Firat Federai Savings and I.o~n
Aasociation of Fort Pierce, Florida :i.`3450
1981 FE~ -9 ~:' 3~ 36
~'. [ C tht `' ~~~ ~_.~
S?.lL'".t~ i f,'.'N"!.i. ~
F;rGE~+ F'C~ITi;1S
CLEnK Ci~~U~i {(~_,~ .
n;r~F~ co~c . ~
51639`7
,~
~
n~~~ 3~8 PAGE 819
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Signed. sealed and delivered
in the presence of: