HomeMy WebLinkAbout082318. Aceeleratio~; Remedier. E:oept eu providod ia pua~aph 1T hereot. upoa Borrower'~ brewch ot an,p ooveaant or
a~reeme~t ot Borrower in this Mort~a~e. iacludia~ tbo ooven~nb to py- whea due aay wm~ seatred by thl~ ~lort~ate, Leades
prior to aoceleration ~hall mail notice to Borrower a~ provided in pua~raph 14 heroot~pecifyta`: (1) the breac6; (Z) the ~cttoa
requtred to cure ~uch breacb; (3) s date, pot leu than 30 dqy~ hom ehe dwte the Aotice i~ mnlled to Borrower. by whkh such
breach mwt be cured; and (4) tbat t~ilure to cure such breacb on or betore the date ~peclAed in tbe aoUos may result in
acoeleretioa of tbe sums ~ecured by thb Mort~a~e. foreclwure by judicial prooeedin~ wd ~a1e of the Property. Tbe aottce ~hwU
turther Intorm Borrower oithe risht to retnstAte atter sooelerwtloa and tbe ri~ht to ~s~ert in the foreclo~urs proceedie~ the
noa-esi~tence o! w defwult or any other detense of Borrower to soceler~Uon and t~eclwure. If the bre~cb is aot cured on or
before the dwte ~pecifled ip the notice~ Lender at Lender•~ optioa may decl~re all ot the wma ~ecured by thb Mort~w~e to bs
immediately due aad paysble without tuKher demand eu~d may loreclose thi~ MoK~w~e by Judiclal proceedins. Lender sb~ll be
entitled to oollect ia sucb proiseedin~ all e:penses of foreclosure. includia`. but not limited to, reawaable attoraey's [ee~. ~nd
costs ot documentary evideace, abstraMs and title reporta.
19. Bon~ower'~ Ri~ht Lo Rein~cate. Notwithatanding Lender's aocel~ation of the sums ~ecured by this Mort~aQe. Borro~ver ~hsll have
the right to have any procredings beg~n by Lender to enforoe this Mortga~e di~o~ntinued at any time prior to entry of a judgment eaforcin~
this Mortgage if; (a) Horrower pays i.ender a11 suma which would be then due under this Mortgege. the Note aad notes ~ring I~ture
Advanoe~. if any. had no aoceleration occurnd; (b) Borrower cures all breacl-es of any other oovenant~ or agreementa of Horrower contained in
this Mortgage; (c) Borrower pays aU reasonable e:penees incurred by trender in entorcing the oovenants and agreemen4 ot Borrowrer
oontained in thia Mortgage and in enforcing Lender's remedies aa provided in paragraph 18 hereof. includiag, but not limited b. rea~oaabls
attorney's feee; and (d) Borrower takee such action as Lender may reasonably require to assure that the Gen of this Mort~~age. Lender's intere~t
in the Property and Bormwer s obligation to pay the sums secared by thu Mortgage shall continue unimpaired. Upon such payment and cnre
by Borrower. this Mortgage end the obligations seruced hereby shall remain in full foroe aad eEfect as it no aoceleration had occurred.
20. As~l~ameat ot Reats; Appoiatmeat of Receiver. As additional security hereunder. Borrower hezeby as~igns b Lender the re~ta
of the Pmperty, pwvided that Botrower ehall. prior to acceleration under paragraph 18 hereof or abandonment of the Property. have t6e ri~ht
w collect and retain such rents as they become due and payable.
Upon aoceleration under paragreph 18 hereof or ebandonment of the Property, Lender ahaU be entitled to have a rectiver appointed by a
oourt to enterypon, take possession of and manage the Pioperty and to rnllect the renta of the P~operty. including tho~e past due. All nnts
rnUected by the receiver shall be applied firet to payment of the ooets of management of the Property and oollectio~ of nats, includiaQ, but nd
limited to. receiver's fees, premiuma on reoeiver'a bonds and reasonable attorney's fces, and then b the sums ~ecured by this Mort~a~e.'iLe
receiver shaq be liable to aooount only for those rents actually reoeived. .
21. Ftittare Advattces. Upon reQuest by Borrower. Lender, at Lendei s option within twenty years from the date of this Mortgage. may
make I~tun Advanoea to Borrower. Such FLture Advancee. with interest thereon. shall be eecnr~d by !hu Mortgage Mrhen evidenoed by
promissory notea stating that said notes are secured hereby. At no time shall the principal emount of the indebtednea secured by this
Mortgage, not including~auma advanaed in aocordance henwith to protect the security of this Mortgage, e:oeed the original amount of the
Note plos U.S.i '~L4I1~
22 Releaee. Uport payment o! all sums eecured by this Mortgage, Lender shall release thie Mortgage without charge to Borrower.
Borrower ahall pay all coste of recordation, if any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney'e feea" shali include attorney's fees, if any. which may be
awatded by an appellate court.
IN WlTNE.S.S WNEREOF, Borrower hae executed this Mortgage.
Signed. eealed and delivered
in the presence of: ~
~ ~ , , ~,. 1 a
r
. . . ~r. . . . . . . . . . ./-...~! ~. . . . . . .tly.~. . . . - -
11Nitness
... .. ............~..................... ...
Witneas
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. - . . (`: : . . . . . : :~ . . . . . . . . . . . . . . (seal)
E L . D , -~ ~ . „
L~-t:....~.'~~?l,c~cr;-~............ (Seal)
TLEEN E. NAMMAiVD -"°"°"Q
St. Lucie
STATE OFFIARID~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COUilty 38:
i hereby certify that on this day, before rr~e, an officer duly authorized in the atate aforesaid and in the county aforesaid to
take acknowledgements. peraonally appeared . ... ~jgr~"y• {;: - HaRrAand - an~- #at~h~een- -E:• ~HBfItIf1811d;- •his •Nife • • •
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) deacribed in and who executed the
foregoing instrament and acknowledged before me that ___....tlt@y. ....... executed the same for the purpose therein
expressed.
WITNESS my hand an offic' 1 seal in the rnunty and atate aforesaid this . . . . . . . . . . . . . ~. . . . . . . . . . . . . . . . . _ . day of
.........................~ -~~t.~av1. .....---.... , 19.~ ~.
ttiri~. St~Aa ~f ~eii~ ~ dM -
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This t
- epared by:
~Y --
Cai~ol Fore
~tipac~ ItcG,u Th~.s /,+nr Heirrr~d t~~r / ~ndrr and Ran~rdtr!
Firet Federal Savinga and Loan
Asaociation of Fort Pierce, Florida :i3450
1981 FE3 -9 P~I ~ 36
~ ~ r~• t~[ ~ t l'UMnE 0
s ifiCiGEER`Fr'(~ITRA5 ~-
C.ERK CtRC~tT Ci};1tz"
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