HomeMy WebLinkAbout103418. Accela~~tioa; Remodiea. 6:cept ~ provided in parasrapb 1? hereot. upoa Borrow~er'~ bseach ot aq~r ooveaaat oe
esreo~neat ot 9orrower ta thi~ Mort~a~e~ iacludias ehe ooveawaa a p.~- wheu due aq~r •~m..~wred 60- cbl. Yory~e. Leadee
prior to woceleratMa shall mwil notloe to Borrower u provided ia puairaph 14 hereof ~pecityie~: (1) the bseacb; t9) tbe ~ctloa
required to c~re suc6 brewch; l3) w dwte, aot les~ th~a 30 dw~r~ !1 om the date the AoUos i~ maUed to Bosrow-er. b~r w-hkh wch
brewch muat be cured; aad (4) thwt tallure to cure such bre~cb on or before the date speclAed ia tbe aotios W rea~lt in
wooelerattoa ot t6e ~uau secured by thi~ Mort~a~e, toreclwwre by judlcl~! prooesdios and sale oitbe Pe~opert,jr.1`he aotke ~baU
fiuther ia[orm Borrow~er oi the rl~ht to reinstate ~iter aooeleratMa aad t6e rlsht to awert fa the foreclwue~s prooeedin~ the
noa-esf~tenoe of a detwult or aq1- other deteaae ot 8orrower to aoceleration aad tosectosuca It tbe breac6 L aot cnred on or
before the date ~peeiAed ia the aotice. l.endec wt I.eade~'~ optioa may declare aU ot tbe ~ums secuea! by t61s Yortsate to be
immedfatel,y due eAd pe~ywble w ithout Atrther demond and mqr toreclose thi~ Mortsa~e b~- )udici~i prooeedia~. Lander ~hall be
eatitled w oollect ia ~uch pro~.~eedi~~ all e:perue~ ot foreclowre, includla~, but aot limlted to. rea~oaable attoraey'~ tee~, ~nd
cost~ of docuaaentary evidence. abstracb and title reports.
19. Borrower'~ Rl`ht to Relnatate. Notwitlutanding Lender's aooeleration of the ~uau ~ecured by this Mort~a~e. Borrower ~hall havs
the right to have any proceeding~ bcgun by Lender to entoroe this Mortgage di~coatinued at eqy t~iime peior to eatry of a jndgmeat enforrinQ
this Mortgage if: (e) Borrower pay~ I.ender all sum~ which Mrould be the~ due uader tbi~ Mort~a~e. We Note and note~ securin~ P1it~re
Advaacer, it any, had no aoceleration occurred; (b) Borrower cure~ all breache~ o[aay other covenanta or ~ebewauta of Borro~re: ooatained in
this Mortgage; (c) Borrower pays all reasouable e:penaes incurred by I.ender in enforian~ the o~venaab and a~reements oi Boirowre~
oontained in this Mortgage and in enfot+cing Lendet's remedies as provided ia para~raph 18 hereof. including. but aot timited to. seeuoaabls
ettomey's fees; and ta) Borrower take~ such action as Lender may reasoaably require to sasun that the lien of thi~ Mort~a~e. I.euder'~ iutered
in the Property and Aorrower's obligation to pay the suzns eecnred by this Mortgage shaU oontinue uriimpaired. Upon snch pay~uept aad care
by Borrow+er. this Mortgags and the obligations secured hereby shall ranain in full foroe and etfect as if no aooelerRtioa had oocurred.
20. Assip~meat ot Reats; Appointment ot Reoeiver. As additional ~ecurity henuader. 8ormwer he~by ewigtu b Lender the renta
of the Property. pmvided that Borrower shall. prior to aoceleration under paragraph 18 hereof or abandonmwt of the Propsrty~ have the ri~ht
to coUect and retain such nnts aa they become due and payable.
Upon acceleration under paregraph 18 hueof or abandonment of W e Property. Lender ahall be entitled to have a reoeivet appoiated by a
oonrt to enter~pon, take possesaion of and manage the Proptrty and to oollect the renta of We Property. includia~ tbwe past due. All re~f~
ooAected by the receiver ahall be appGed firat to payment of the ooets of management of the Propaty and ooUection oir~ts, includin~. bnt not
limited to. reoeiver's fecs. p~aniuau on receive~r's bonds and reasonable attoraey'~ feee. sad thea to the ~ums ~ecured by this Mo~t~aa~ttr. The
reoeiver shall be liable to acaount only for those renta actually reoeived.
21. PLture Advance~. Upon request by 8orrower. Lender, at I.ende~s option within twenty yeare from the date of this Mortgage. may
make I~ture Advances to Borrower. 3nch P1~ture Advanoes. with intereat thereon. ahall be ~ecund b3- thiu Mortga~e ahen evidenoed by
promiesory notes statiug that said notes an secured henby. At no time shall the principal amoant of the indebtednea ~ecured by this
Mortgage. not includiq~ ~s advanoed in aocordance herewith to pmtc~.~t the securitY of tbis Mortgage. e:oeed the original ~monnt of the
Note plus U.S.= n0
22 Release. Upon peyme~t of all aums secured by this Mortgage, I.ender ahall release this Mortgage withont charge to Borroaer.
E3~rrower shall pay all costs of recordation. if any.
23. AtWraey's Fees. Aa used in this Mortgage and in the Note, "attomey e fcea" shall include ettorney's fee~, if any. «hich tnay be
awarded by an appeUete rnutt.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, eealed and delivered
in the preaence of:
, ~ ` / ~
` i +
. . . . . : :~~ . . . . . .,L~:'. . . . c~ j . . . . .
"~~ Witness
. . . . l1 ~:`!"~. _.-7. . . . . . . . . . . . . . . . . . . . . . . .
~ Witness
1 Seal
rt~~ v L Y CIC . . . . . . . . . . . . . . . . . . . . . . . . . . (eo..o_)
! ~/~'t~ `: . ~~.,l=~. . . . . . . . . . . . (Seal)
JO ~ ~ ~H LAYCOCK ~~4~~ -s«~o.a
S TATE OF F IARIDA . . . . . . . . S ~r r . ~~IG ~ ~ . . . . . . . . . . . . . . . . . . . . . . . . County ss:
I hereby certify that on this day, before rr~e. an o~cer duly authorized in the atate aforesaid and in the oounty aforeaaid to
take acknowledgemente, peraonally appeared _ . . . . .T~rCy. .J... .l,~ycnck.> . and. ,lo. Ae~h . l.aycock, . hi s. wi.f.e.. . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the peraon(e) described in and who esecuted the
foregoing inatrument and acknowledged before me that ._. x11ey. _.......... executed the ea~e for the purpose therein
~
expressed. ~~~
WITNESS my hand and o 1 se~in the county and atate aforesaid thie . . . . . . .. . . . . . . . .. . .... . . . .. .. . . . . day of
. . . . . . . . . . . . . . . . . . . . ... . . . . . . .~.~.~...-~~~' :~tG~L - • - - - - , 19,. .~~
~,~ p~{i~ 54t~ ~ ~ f~.~ %~ a~ 1s4~ .
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This ~n~trument Prepared by:
Steve Day
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H«,~,~ P~bu~
~Spa« Retou~ Th~a l.~ne Res~rr~d Fo- l.ender and Ret+orderl
Firat Federal Savings and [.oan
Asaociation of Fort Pierce, Flori~a :i3450
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