HomeMy WebLinkAbout156718. Aooeleratbat Remedle~. ~oept u pwvWed iu p~n~ry-617 hereot. upoa Hoero~ree'~ b~e~c6 ot ~a~r oo~rwut ar
a~reemeat of 8orro~rer in thL Moet~~e, lncludlo~ the oovea~nta to pqr ~rl~ due ~r wuu ~eaued bp t6L Yortsa~,~ Iw~d~
peios b aooeleratloa ~hall a~all aotloe to BorroMrer ~ provided ia paryrapb 14 be~eotspedbia~: ll) the b~e~c~; l~ tiN adio~
reaulred to cure wch breac6: t3) w date. not IeM thwa SO dy-~ A ois the date the notioe i~ malted to Borrow-~. 60- w-~ ~
bee~cb mwt be cured; wad (4) th~t failure to a~re wcl~ beeacb on or beton the date ~pedAed ia t!M sotloe ~a0r erwlt la
~oosler~tioa of the nu~ ~ecured by thb Mort~a~e, foreclwure b~r judlci~l prooesdio~ ~od sale of We Prooeryr.'lbs 4otioe ~all
A~sther inform 8orrower oi the ri~ht to reieutate aRer woosleratbn and the ri~6t to weet ia ths toreclowre pe~oeedie~ ti~
noa-e~teaos ot a default or any other de[ea~s of Borrower to aoceleratba ~ad foreclawra Ittbe bre~ch i~ not c~red oa oe
betore the date ~peclQed ia the notice. I.eader wt Leader'~ optba mq declare aU ot t6e aia~ ~ecured b~r thi~ ltorttase to b~
immedi~tel,r due u~d pa,1-able without tlirtber demaad aad ma~r foreclose thi~ Mort~aEs by /udiclat pe+oosedins.l.eader ~Latl be
entltled to oollect ia ~uch prooecdin` all e:pea~e~ oi foreclo~ure, includln~. bpt not limited to, reawnable ~ttorne~r'~ tee~. ~od
rn~ta ot documeatar~r evidence, ab~trac~a and tltle reporta.
18. 8orrow~er'~ Ri~ht to Rein~tate. NotwielutandinQ L~eader'~ aooekratioa of Ws sums ~ecured b~- tbis Mo~e. Bae~ow~ s6a11 Law
che ri~ht to have enr prooeedipg. beQnn by I.enae~ to enforos thi.lKort~age di.oontiaued at any tinis peio~ to entq- ot • iodsmea~ eaf«~ins
thia Mort~age if: (a) Borrower psys I.eade~ all ~am~ w-hich would bs We~- due nnder thi~ Marts+is~ tIN Note and ~wte~ ~scurin~ Fhtore
Advaacea. if any. had no sooelerstion oocnrred: (b) 8ore~o~rer cura~ aU breache~ oieny othe~ oov~~u-b or~nemeab oi8oerow~ ooatained in
thu Mortga~e: (c) Borro~r~ pay~ aU reawuable espen~s incurred by La~der in ~forcin~ tbe ooveoant~ and s~reementa of Boe~vwer
ooaeained in this Mort~age and ia enfarcing I.~der's nmedies eu pmvided in para~rap618 hereof, inclndin~. bnt nd limited to. seuooab4
attomey'~ fees; and (d) Borrower taka such eciion as I.~der may rea~onably reqaire to oasure thet the lien dthia Maf~a~. I.eod~'s iat~e~ert
in the Property and Bore~o~rer's obligatioa to pqy We ~um~ ~ecured by thi~ Mort~a~e shall continue nnimpaired. Upoa snch p~,~rment ~ad c~re
by Borrower. this Mortgage and the obligation~ ~ecured heraby shall ranain in full foroe and e~tect a~ if no aooeleration had oa~ired.
20. Aui~ameat oi Reata; Appolntment of Reoelver. As additional ~ecuritY hereunder. Borrower heceby ari~n~ to I.ender tbe reata
of the Prope~y; provided thet Borrower ahall~ prior to aooeleration under paragraph 1 S hereof os absndona~eat of We Pe~operty.luve tbe ei~6t
to colleet aad retain ~uch rents as they become due and payable.
Upon aooeleretion undar paragraph 18 hereof ar abandonment oi the Property. Leader shall be entided to havs a eeoeiver ~~winted bp a
oourt to eater~pon. take poaes~ion of and mana~e the Property and to ooAect We reab of We ProPe~tY. iacludin~ t6ws part dos. All eent~
ooUected by We reoeiver shall be applied fint to payment of the cwts of ineaagement of the Pmpe:ty and oollection oireat~. iacludioj, bat mt
limited to, reoeivec'~ fees. premiums orr receiver's boads and reasonaWe attomey's fees. aad th~ t~o tbe ~nms ~ei,~rsd by tbis lrlact~are.lbe
reoeiver shall be liable to aooount only far Woee renta actually reodved.
21. I~Ltnre Advwnce~. Upoa seque~t bY BorroMrer. Lender. at Lende~s optan within twenty yean from the date of this Mortia~+e. ma1
make Phtun Advanoes w 8orrower. 3nch P~ture Advanoea. wiW interwt thenon. ~hall be ~ecured bY tbi~ Mai~aQe wben evidenad M
promissory note~ stating that said notes are ~ecnred hereby. At no time shall t1~e p*inciPal emo~nt of the iadebfedneM ~ecured b~- tbi~
Mortgage. aot iacluding sum~ advanoed in aooordanoe herewith Lo pmtect the ~ecurity of thi~ MortB~tte. euoeed We ccisinal aa~o~mt of t1~e
Note piw U.S.i ~6AQ
22 Releaae. Upon psyment of all suans ~ecured by thu Mortgage. I.ender shall release this Mortgage w-ithoat charge b Bo:rowa.
sorrower shall pay all ~oeee ot re~ordeaon, if any.
23. Attorney'~ Fees. Aa wed in this Mortgage and in the Note. "attomey'~ feea' shall inclnde attoraey's fee~. if any. w-hich maY be
awarded by an appellate oourt -
IN WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, aealed and delivered
in the preeenoe of:
~ • ~ - ~ ' ` ,~. ... ....~.~~.-.*................(Seal)
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~ 11Nitnese `D UG G . TAP -B ~
,
. . . . . . . . . . . . . . . . . ~~ ~s-:~ u..~~r... . . _ . . ~?~:Ca.^t~. . . . . . . . . (Seal)
, : ~ VNitnesa LARAINE TAPPEN -B~ `
STA7'EORFLORIDA,St. Lucie ................................ County as:
I hereby certify that on thia day, before rrie. an officer duly authorized in the atate afore8sid and in the oounty aforeesid to
take acknowledgements, peraonally appeared . . . pOUgl d5 .G._ .Ta~pen, and .Larai ne, 7appen, , hi s. wi fe,. . _ , _ , . . .
. . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the peraon(s) described in and who ezecuied t6e
foregoing insttument and acknowledged before me that .....~he~l. ...... ... executed the eame for the purpoee therein
ezpreased.
WITNESS my hand and ci ~eal in the county and atate afor ~ d this . . . . . . . . . . . . .~. . . . . . . . . . . . _ . . . . . . day of
. . . . . . . . . . . . . . . . . . . . . . . . . . . .~. . .'-~~'r.r~~ . . . . _ . . . . . . , 19. . ~. ..
~y~ /~1~i~. SI~N oi po6d~ al ta-e! '
My Com~iR~ra''t~ezpires: ~ ~~ ~ ~.. 16. ~9Y•Z • -
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This Inatrument Prepared by: • ~~ FE3 I 2 ~i ~ L 3
James A. Ten Eyck f~:tr Ru ~=coa,~fc
Si.lUL1E CC;/N"Y.Fi /~
Firat Federal Savinge and Loan RUGCRPOITFt1.5
Aaeociation of Fort Pierce, Florida :i3450 CtCFK C;f!'~:s1 Gz..'•
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