HomeMy WebLinkAbout153518. Aoceleratbn= Remedto~. F~oept ss provided ia par~raph 1~ hsreof. noop Oorrowet'~ bre~ch ot aq~- oovenant ot
a~neemeat oi Boreowe~ ia t6L Morts~e, le~cludins tbe ooveniwta to p~,p w~hea dw W wa~~ se~vred b~r thi~ Moet~~s, I,ead~
prbr to ~oosleratlop ~hw1t mail aotice to Bon~ower ~ providad in p~rarrap614 hereot~pedlyie~: (1) twe bre~ch; (9) tbe actton
required to cure wch bre+-ch: l3) a d~te. not lew tb~n 30 dyr~ d~om tbe date We notks is mailed to Bore~owe~r. M w-hic6 au~
bra~ch mwt bs cured; ~wd (4) that failure to a~re wcb brewcL oa or betors tM dat~ ~pedAed ia the ewtloe wq- rewlt ia
aoosleratloa oi the ~uau ~ecured b~- t61s Mort~a~e. foreclosw~e by hdlclal Prooeedia~ ~d ~ale otthe Propeeq. T6e notWs ~h~U
fhrther Intorm 9orrow-er of the ri~ht to rsia~tate wlter wooeleratba and t6s ri~ht to wsrt in tbe toreclowrs prooeedie~ t6e
non-ezi~tepos of a defwult o~ aqy other defease of Horrower to ~ooelerwtioA ~nd loreclo~ura It the bre~ch L oot cared o0 or
betore the date ~pecitied in We notke. I.eader wt Leader'~ optjoa au~,~- declare all oitbe tum~ ~eaired b~r thi~ Yort~a~e to bs
immediste~j- due ~nd pwable without ftiut6er demand aad aaqr foreclwe t6i~ llort~~e by iudicial pTOOeedin~. I.eader ~h~11 be
~ eatitled to oollect ia such prooeedlns alI espease~ oiloreclasure, lncludia~, but oot limited to, re~oa~ble attorney'~ tee~. wd
co~ts ot docu~peataiy evideaos, ab~trwcta ~nd title reports.
19. Borrow~~'~ Itls6t to Reln~ute. Notwjthstsndin~ Leade~s ~ooelecatioa oithe nuw secused bY tbi~ Mort~+~te~ Borrowu shaU haw
the ri~ht to have any procaedin~s be~ua by Leade~ to eatoroe thia Mo~t~~e di~oontinued at u~y time prloc to eatry ot ~ jud~meat eafordns
thi~ Mo~ata i~ (e) Borrower p~y~ Leade~ ell ~um~ w}uch would be then dw uader t!w Mo~~. tbe Note ~-d note~ ~scurins Phtnrs
Advaace~. if aaY. had ao aoceleration oa~urrad:lb) Bore~ower cure~ aU braache~ of any aWer cavsnant~ oe ~ts oi Borro~ oadsined in
tFw Mort~e~s: (c) Borro~rer pe~y~ aU reewuabk e~cpen~e~ iacnsred by L~der in eaforccan~ the oovauntr aad a~reemeats oi Bo~rQwer
ooatained ia thia Mortgege and in enforcins Lender'e remedies a~ provided ia pare~raph 18 h~eo~ Iadndin~. bnt not limited to. rea~on~bls
aKa~-ey'~ feer. aad (~ Borrow~ take~ such action as Leadu may rea~oaably require to wnse tbat We tien of thi~ Mort~s~e. I.andes'~ int~ere~t
in the Pcopert,y and Boreower'~ obligation to p~y We a~ ~e~vred by thi~ Mo~i~a~e ahsU oontiaus uaimpoired. Upon iuch payment and cats
by Borro~rer. tLis Matgage end the obligatioiu eecvred hereby ~haU remaia in fnU foros aad aHect a~ Qf no ~ooeler~tioA luid oocuired.
2Q ANi~na~~t oi Reata; Appointment oi Recaiver. A~ additioned ~scurity herennder. Botro~r hee+eby wisa~ to I.endes the reat~
of We Property. Pmvided that Borrowrer ~haU. p:ior b aooel~atioA nnder para~raph 18 hsreof or abaadoameat otthe .
to ooped and retaia ~uch reat~ as they beoome due and payable. ~P~Y haveth~ri~ht
Upon aocaleration under paragraph 18 hereof or absadonmeat of the Property. I.ender ~hall be ~-titled to luve s reoeiver appointed by a
oonrt to enter~pon. ta~e posseesion of and manage the Prope:ty and to aoUect the renta of the Prope~ty. inclndin~ tbws pad due. All re~ts
oollected by We reoe~ver ehall be applied 5nt to payment oitl~e oosb of management of tbe Propa:ty md ooUection of reota, i~lndins. bnt not
limit~ed to. reoeiver's fee~. premiums oa reoeiver'~ bonds and reawnable attorney'~ fee~. and then !o We snm~ ~scarsd by this Moet~a~a.1Le
reoe~ver a6a11 be liabk to aooouat oaly for thwe rents actuel~y ceoeived.
21. Pbtnre Advance~. Upon request by Borrowez. Lenda~. at I.errde~s option w+ithin twenty year~ 6~om the d~te of thi~ 11[o~s~e. may
make Phtn~s Advenee~ to Borm~rer. 3nch Phtnre Advanoes. writh intuest thereon. shall be ~ecured bY t~hi~ 1~a~ti+~e Mrhea rvideaoed by
promiaory aote~ ~tating that said rwte~ are ~ecarad hereby. At ao time shall We prindpal amount of the indebteduea ~ecvred by tlu~
Morigage. not includin~ ~om~ advanoed in aooordanoe herewith to p~e+otec.K the security of this Mort~a~e, e~coeed tbe ori~inal aaiount of tbe
Note plw U.3.~ ~
22 Relea~e. Upon payment of aU sums a~cured by thi~ Mortgage. Lender shalt rekase this Mortgage withont charge to Botrowa.
Bormwer shaU pay all oosts of recordation, if any.
~3. Atbrney's Fees. Aa wed in this Mwrtgage and in the Note, "attomey's fces" shall include attorney'e fee~. if any. which may be
awarded by an appeUate oou~R. ~
[N WITNESS WHEREOF, Borrower has executed thie Mortgage.
Signed, eealed and delivered
in tLe presenoe of:
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. . . . . . . . . . '~~/. ~~. lt/.`: ~ . . . . . . . . . ~ . . . . . . (Seal)
~ VBitnese '~DENNIS A. WOODAMS , a si ngl e adul t -B ~~
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Witness
.............................................(Seal)
-ea.o..~
STATE OFFLORID/~ . . . . . . . . St., Lucie . . . . . . . . . . . . . . . . . . . . . . . . . Coun~y sa:
I hereby certify that on thie day, before rr,e, an cer dul au o ed in the at$te ores d in the oounty aforesaid to
take acknowledgemente. personally appeared _..~nni s~. ~oo~ams , a si ng~e a~'u~, .
, to me ~cnown to be the person(s) described in and who e:ecnted the
foregoing inatrament and acknowledged before me that . . . ~e . . . . . . . . . . . . . . execated the same for the purpose therein
expresxed. ~.
WITNESS~°y h d and official seal in the county and state a~oresaid thie . . . . . . . . .~~~~ . . . . . . . . . . . . . . . . . day of
.............~,% ...... ............................. ,19 ~~ l...
~iy Comip~i~dh~expires: ~+~1~ Pu~-lic. 3tak ol Flw;da at Larq~ ? /~
•,~,f.M, ~;~y; Mp Comnrssioa E:pires lao. 23. 1984 .~~~.~~~ " ~:[:-~s~C=
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~`~ ` ~ ~; ISpact Fk(ou• Thu Lute R~aP-utd For Lendt! and Rtcorde~l
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Thie Inatrument Prepared by:
Steve Day
Firat Federal Savinga and Loan
Asaociation of Fort Pierce, Fiorida :i3450
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g~~48 PA~E1535
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ROGER t'CIIR,IS
CLEAd G;~Cl;;1 tCtiRT~
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