HomeMy WebLinkAbout102818. Aoceleration; Remedle~. Bseept as provided ia pmra~raph l~ hereof. upon 8orrowrer'~ brewcb ot aay oovenaat or
s~reemeat of Borrower iu tht~ Mortsase. !ncludia~ the ooveaanta to p~,1- when due aa~- ~ua~~ Nc~tred b~- thi~ Mort~s~e, I.eadee
prior to soooleration ~hwll mail notios to Borrower v provided iA pu~rap614 hereot~psoilyins: (1) tM bee~cL; (4) tbe Mctloa
required to cure such breacb; l3) a d~te. not lew than 30 dqrs A~om the date the aotice i~ mailed to 8orrower. by whkb ~uch
breach mwt ba cured; ~ad (4) that fsAure to cure such breach oa or before tbe d~te ~pedAed in tbe aotios ma~r rea~lt W
aooeleration of the sum~ ~ocured by thia Mort~s~e. loreclosure by judlci~l prooeedin~ ~ad swle otthe Pcopert~~-. The natlce ~hall
fluther inform Borrower of the ri~ht to reinstate wRer ~ooeler~tloa ~ad the ri~bt to wert ia t6e [orsclosure proosedlns the
non•ezi~teaoe ot w detault or say other deteaae ot 8orrowee to aoceler~Uoa ~ad toseclowre. It the breach b not cured on or
betore the date ~peclAed ia the notice. I.ender at Leader'~ optioa w~-1~ declare all of We ~uau secured by thb ltort~a~e to bs
iu~mediatel,~r due and p~able wlthout ttirther demand ~d ma,r foreclwe thL Mosts~e by judicial prooeedia~. I.eader ~hall be
eatitled to oopect ta such prw,~eedln~ all expeases ot forecloaure. iacludla~. but not llwited to. reawnable attoraey'~ fees, ~ad
costa ot documeatuy eviderce, abstrscta u~d title reporta.
19. Borrower'~ Rlsbt to Reirutate. Notwithstandin~ LeAder's sooeleration of We sum~ ~scnred by t!w Moet~~e. Borrower ~haU have
the right to have any prooeedinRs begua by Lend~ w eaforoe this Mortgege di~coatinued at suy time p~ior to eatry of a jud~ment eaforcing
this Mortgage if; (a) Borrower pe~y~ Leader all sums ahich Mrould be then due und~r tAi~ Most~a~e. the Note•and notes ~ecuriaa P'uture
Advaaoea. if any. had no scceleratio~ oocur~ed; (b) Horrowrer cures aU breaches of any oWe: oovenaab or a~reeiqenir oiBorrower coatained in
this Mostgage; (c) Borrower pays aU reasonable expenaes incurred by Lender ia a-forcinQ We oov~anfa and ~gree~aen4 oi Borrow~~
oontained in this Mortgage and in eaforcinq Lead~'s remedies as provided in paragraph 18 he~eof. indndi~. but aot limited to. rea~onabls
aKorney i fees; and (d) Borrower takea such action aa Lender may reasoaably require to aann that We lien of this Mort~age, Leader'~ interat
in the Property sad Borrower's obligation to pe~y the sums secured by thi~ Mortgage ~hall ooatiaue unimp~ired. Upoa ~uch paym~-t aad cnre
by Botro~ror. thia Mortgage and the obligatioas secured hereby ahall remain in fuU force and efiect aa if ao aooeleration had ooc~rred.
Z0. As~i~nmen! oi Rentr. Appointment ot Iteoelver. As additional eecurity herauader. Borrower hereby a~d~n~ f~o I.es~der the reata
oi the Property, provided lhat Bormwer ahall. prior to aoceleration wrder paragraph 18 hereof or sbandoame~t of the Property. have tbe ri~ht
to coUect and refain such nnts as they become due and payable.
Upon aoceleration under pacagreph 18 hereof or abaadonment of the Property, Lender shall be entided to have a reoe~ver appointed by a
court to enter~pon, take possession of and manage the Property aad to coUect the renta of the Pmp~rty, inclnding tbo~e past due. All re~f~
coAected by We receiver ahall be epplied firat b payment of the oosts ofa-anagement of ti~e ~roperty and oollectioa oirent~. includins, but not
limited to. teoeiver's fees. pr~niuans on receiver'e boads and reasoaable attorney's fee~. and then b We ~uma ~ecured by this Mort~a~e.1Le
receiver shall be liable to acoount only for those rents actually reoeived.
21. PLture Advancea. Upon request by Borrower. Lender. at Lender s option within twenty yean from the date of thi~ Mortgage. may
make Futnre Advances to Borrower. Such ~ture Advancee. with interest thereon. shall be ~ecvred t-Y this MortgaBe when evidenoed by
promissory aotcs stating that said aotes are secured henby. At no time shall the priacipal amount of the indebtednea secnred bY thia
Mortgage, not including sums advanoed in accordance herewith to protect the security of thie Mortgage, e:oeed the originel amonnt of We
Note plas U.S.i ~~~' •
22. Release. Upon payment of all sams eecured by this Mortgage. Lender shall release this Mortgage arithout charge to Borroaer-
Borrowet shall pay all coata of recordation, if any.
23. Attorney's Fees. As used in thie Mortgage and in the Note, "attorney's feee' shall include attomey's fees, if any. which may be
awarded by an appellate coutt.
IN WITNES3 WHEREOF, Borrower hea executed this Mortgage.
Signed, seale~ and delivered
in the presence of: ~
.
. ~ -'L. . . . ,. . . /~-~ ." . . . . . . . . . . . it~ ' " /~ . . (~81)
, ~. ".~ i/`'~
" ~ ' ~ ~ ~ ~ Witne~ss ST R A. P ~L , a s~ g e adul -e~ - ~ -
[J , ... .................
. . . . . . . . ~ . . . . . . . . ~~!~. . l~t ~ ( - (~e~i~
' ~ ' ' ' ~ ' ~ ~ VNiiness ~ ~pE G. AR L , a si ngl e adul t -eo"°fQ
St. LuCie - County sa:
STKfE OFFLORIDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I hereby certify that on this day, before ir,e, an officer duly authorized in the state aforea d and in t e n ty foreesid to
take acknowledgements, personally appesred . N@StOr . A.. . P~1.!ner'o.~ . a. .s i ngl e. adu~t,. and .~~O~E ~: ._
- - Far-r•e~•l,• a • siagle. .adult., • • • • • • - • • - • - - • • - - . ~ me known to be the person(s) deacribed in and who e:ecuted the
foregoing instrument and acknowledged before me that ._.~Iley. ........... ezecuted the eame fo~ e purpose therein
expressed. ~ ,l
WITNESS my hand and o seal in he county and atate aforesaid thie . . . . . . . • • - • • • v • - • • - • • • • • • • • • • • - day of
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .~. . .~ . .~G~t-~Ll.clt . . . 19. .~~
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This Ingtrument Prepared by:
----L-~~---- ~~-'-~-~-~- ... ... ......:.`''7-........_...
Notary Pubtic
ISpare Elefuu Th~s l,~nt RtsPrrrd fo- /,~nd~r and Rteo~derl
Thom s Henson
First Federal Savinge and Loan
Aasociation of Fort Pierce, Florida :33450
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1981 FE3 10 ~!'~ 2~ ~~6
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RG6[ Q PCI . ~•~.,
CLEFet C~~CUI i~~
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