HomeMy WebLinkAbout156318. Aooeleratioa; Remedie~. Bacospt q providal ia paryraph 17 heseot. upon Horrowrer'~ breac6 of Rq~- oo~eaae~t or
ssreemenc olBorrower ia ~hi. ~lors~.~a iacludta~ th• ooven•na co ~.vheados ~- wma ~eoured by chia Yoet~aje, LaidK
prlor to ~ooelerwttoa sha11 mwil aotice to Boesower a~ provided ln parasrapb 14 hereoispedlyia`: (1) the bresch; (it) tb~ actioa
requleed to ~ure wc6 breacb: (3) a date. not le« thao SO d,~-~ A o~s tbe dat~ th~ aotice b a~ailed to Borrow-er. b0- w-bicb wcr
bre~c6 mwt bs curedt and (4) tbat tailure to cure wch breach on or befors ths date speciAed la t6e aotlo~ ~a,~r rewlt is
aooeler~tioa of We wan~ ~eeured by thlaMor~s~ca torec~o.ure by jadicla~pe~oo~sedtns aad saleotweProperty.'ibe sotios~lu~U
fl~rther !n[orm Borrower ot tbe ri~bt to reinstate atter aooelsration snd th~ ri~t to wsrt in the loreclowre prooeedio~ tb~
aon-eilateaos oi ~ defwult or an~- other defenss ot Borrower to ~ooeleratioa aod [oreclwure. I[ the breach b not cqred on oe
before tbe date ~peclAed ia We aotice. l.eader at I.endee'~ optiou mw declare aU ot t6e wmr ~ecured b~- thL Yort~a~e to b~
immedi~tely due aad p~y~ble w itlwut turther dem~nd aad ~nsy foreclae thL Yort~~e b3- j~idictal proceedint. I.epd~ ~h~ll be
eatitled to coUect ia such pe~ooeedins ~1! e:pe~ue~ otforeclwure. iacludin~. bat not limited to. re~uoaable ~ttor4e~r'~ iees. ~ad
co~ta of documentary evldeace. wb~tr~ct~ and title reporta.
19. 8orrowar's Ri~ht to Rei~utwte. Notwitlutsndiag Lender's ~ooeleratioa oitbe ~nn~ ~ecated b~- tbi~ Mo~tiate. Boirowe~ sha111uvt
che ~ht to heve any pmoeedinQ. be~un by Lenda~ b enforoe thi. Mosf~e~e~e di.oontinued et u~,y time yeioe so eaay of a j~nent ~,for«ns
this MostgaQe J(a) Borrower pays Lender aU ~unas which would be thai due under thia Moett~q, the Note and note~ ~scurin~ P~tun
Advance~. if anY. had no aocekntion oecurred: (b) Borrower cares all breache. ofany oiher oovenan~ or a~reemeaa of Borrower ooA~uiaed in
this Mort~age; (c) Borrower pqys all reasouable ezpeiues incun~ed by Lender in enfor~cin~ the ooveaant~ and a~reem~b of Boerowar
oontained in thi~ Mortgage and in enforring I.ender's remedies aa provided ia pus~rsph 18 hereof. includin~, bot aot limited to. na~oaabls
attoraey's fees; and (d) Borrower takee such action e~s I.euder me~y reasonably reqnire b as~urs that the liea of thir Mo~a~e. I.snder"~ intared
in the Property and Borrower's obligation to pay tbe ~ums secared by Wis Morlga`e ahall ooatiaue uaimpaired. Upon such p~ymeat u~d cnre
by Borrower, tbi~ Mortgage and the obligations ~ecured hereby shall nmain in fnp foroe u~d effect ar if no aaoeleratioa hsd oocurred.
Z0. Aui~nment oi Renta; Appointment oi Reoeiver. Ai additional ~ecudty hereuader. Borrower henby ~ b I.eader tl~e rent~
of tbe Property. provided that Borroviroz shall. prior to aoceleratioa under para~rsph 18 hereof or abandonment of the Property. heve t6e ri~ht
to ootlect and retaia such rents ea they become due and psyable.
Upon aooeleratioa aader parngraph 18 haeof or nbandonment of the Propert,y. Lender ahall be entided to have a reosiver appoiated by a
oonrt to enterapon. take po~session of and manage the Property ead to ooUect tbe rents of the Property. iadudin~ tbo~e put due. All rent~
oollected by We reoeiver shaU be applied SrsL to paymeat of We ooeta of managemeatof the Property aad oollectioa of rent~, incl~din~. bnt not
luait~ed to. receiver'~ fee~. preminms oa reoeivar's bonds and c+e~asonable atbmey'~ fees. aad then to We snm~ ~ecured by ttw Mort~a~e. 7Le
reoe;ver shall be liable b sooount oaly fot Wose rents actuaUy r~eived. .
21. I~ture Advanc~es. Upon request by Botrower. I.eader. at I.eudefs option within tweaty yean from t1~e date of thie Mott~aa~e. may
make Fbtnre Advaai~e+ to Borroar~z. Such Fntun Advaaoes. with intuest thereoa. shall be ~ecured bY thi~ Mo~age whea evide~sd bY
promi~wry note~ stating that ~aid aotes are secured h~ebY. At no time ahall We priacipsl amouat of tl~e indebtedneM ~ecured by thia
Mortgage. not including suma advanoed in aooordancs herewith b pmtei.t the security of this Morfgage, ~oeed We original amount d the
Note plua U.S.i ~lP
22, Relea~e. Upon paymeat of sll aums secured by this Mortgage. Lender shall nlease thi~ Mortgage wiWont charge b Borro~rer.
Bc-rrowa ahall paY R11 costa of recordation. if any.
23. Attorney's Fees. Ae uecd in this Moregage and in the Note, "attosney's fees" shaU include attorney's iees. if aay. which may be
awarded by an appellate ooud.
IN WITNESS WHEREOF, Borrower hae execuled this Mortgaqe.
Signed, eealed and delivered
in the pr~aence of:
~'. . ~~.. O.Kf.~. ...... ...
~ VHitnese
~............ .... .................' .....
~ ~ Witness
.. . ~` ......................(Seal)
MICHAE A. ALL . . _B. .
. . . . . . ..~ ~ . i~.''~ :~. ... . . . . (Seal)
SHEILA J. H -E' ' ~
STATE OFFIARID~ , . .. .. . .. .St., ,Lucle . .. . . .. . . . . . . . . . . . . . . County ss:
I hereby certify that on thia day, before cr~e, an officer duly authorized in the state aforesaid and in the oounty aforesaid to
take acknowled~ements. personally appeared . _ MICllcle~. .~.. .Hatl . and .Shei l.a .1. . Hal l, . hi s. wi.f.e, . . . . . . . . . . . . .
~ ,~-~'~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) deacribed in and who executed the
- - . . . . ... . . : `~. '?}!,~'
for ~1f~m3fent and acknowledged before me that .....tn~Y.......... eaecuted the eame for the purpose therein
w~A~~ .
ex • ~' '., _ ~
~' -t~' ~d and official seal in the county and atate af =esaid thia .~~.~. . .. • • • • • • • • • • • - • • • day of
~ ~ .~ ~ 4 19. ~~. - . . . . . .
. f;} , :` ~, ~,~ . . .. . . . . . . . . . . . . . . . . . . . . . . . . . .
M~ ~o~nmission Gp'ue~:
: ~' ~ • ~ ~ Hola~tl ~K. SUte d f{ai~~ at Lar9e ~/- ' -
` `~ 1se:li . : : ~11r Commissaa Eapires 1m. 23. 1984 ~ . . . . . . . . . . . . . ~f~ . . . . . - - - - . ~. . . . . . . . . . . . . . . . . . . . -
~~~ Iw.~ f~or f+~• r~w,•.~• -~. otary PubGc
ISpacr [ielou~ Th~s /.~ne R~s•.ntd Eo- Ltndtr and Remrdtr/
This Inatrument Prepared by:
James A. TenE~ck
Firet Federal Savings and Loan
Aaaociation of Fort Pierce, Florida :i3450
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B ~OK 348 Pa~E 1563
1991 f E~3 12 P~1 ~ 4 3
~!; r~ ~NL ff C(iHi1ED
S'.LUCI[ COJY1Y.ftA.
RGGER PGITRI+S
CLEP•KCtRCS11 CGU~i~
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516823
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