HomeMy WebLinkAbout1571ie. Aocelention; Raaedle~. B~oept u provlded ia pars~rspb 17 bereot. upon 8oreowrer'~ beeach ot aeqr ooveaant oe
a~reement o! 9orrow-er in tbi~ Mort~~e, iacludla~ the ooveaaata to ~- w~6eo dne aW- wsu ~earred b~- thl~ Yort~a~~.Iwnder
prbr to woosler~tioa shall mail aotloe b Bore~ower M providod in Para~rwp6 l~ 6e~+ot~Ped4in~ 1lrthe bre~ch: (~ t6~ adioa
required to cure wch brewch: (3) ~ date. aot leM th,Rn 30 day~ hwm the dat~ We ~wtioe L mdled to Borrowres. b7- w-6ic6 aw6
breach mwt be cured; and (4) that [ailure to cure wch bre~cb oA or befora the date speciAed W the aoNoe W ee~nlt W
aoosleratbb of the wie~ ~eaured by thL Mort~a~e. toreclwwe by judiclal prooeedie~ and ~ale of ths Pro~~,~r. T6e notke ~Lall
l4rther intorm Borrow-er ot the ri~ht to reiiutate ~tter sooeler~tbn and tbe ri~t to wsrt ia t6e toreolo~nre proosedin~ t!w
non-esisteaoe of a defsult o~r aqy other defense ot Bonower to ao~eteratioa and [oreolnaura It t6e breach L aot e~red oA ar
before tbe dwts ~peciAed ta We notios. Lender at i.eader'~ optioa in~,1- declare ~11 ot the sum~ secured b~r thb Yort~~e to be
i mmediatel,~- due snd p~ysble ~vithout tlirther demaad aad my- [oreclwe t6L Yort~~~ by judiclal pe~ooeedias. Lendee ~hall bs
entitled to oollect ln snch prooeedin~ ~1! expease~ ot forsclosure. tncludla~. but aot Wdted to. eeawiuble ~ttor4e~r'~ tess. aad
costa ot documeatasy evide~oe. abstrwcta sad title reporta. ~
18. Borrower'~ Ri~6t to Reinstwte. Notwithatandin~ Leader'~ aooelendop oi We ~ums ~ecwred by t!w Mort~c4e. Boa~o~ shall ha~w
the riQht to heve saY P~sdin~ b~ua bY I.ende= to enforos thi~ Mortga~e di~oontiaued at any tims peio~ to a~try of a j~neat ~foerin~
ehi~ Mort~e~e i~ (a) Borrower p~y~ Lead~ aU sums ahich would be thea dus undez thi~ Martsa~e, We NMe wd notes ~scvrin~ Ftitnrs
Advaaoe~. if any. had ao aooelecatioa oocurred; (b) Borrower cure~ all breacha of aay otl~ oovenant~ or ~rasmaat~ of Borrow~ oontained in
thu Moct~a~e; (c) Boerower pAy~ eU reaioiuble e~cpen~es incurred by I.euder in ~fo~in~ the oovauab aad ~nenta of Borrowe~
canteined in tLi~ Mort~ege aud in enforcin~ I.ander's remedies a~ provided ia para~rapb 18 hereof. iaclndin~. bnt not limited to. reewnabls
attorney'~ fess: aad (d) Borrower tal~e~ snch actioa aa Lender may nawaably requirs to aanre Wat the Uen otthis Mort~a~e,~I.endar'~ iabrat
in the Pmperty and Boreowar'a obligetioa b piy the ~um~ ~acured by thi~ Mortga~e shall oontinue unimpaired. Upon snch p~ymeat and cure
by Borrower. this M~ey~e and the obUgations se~vred hereby shall remain in full foroe and ef[ect es if no aooeleration had oocurrad.
20. Assi~am~t ot Rents; Appointmeat ot Receiver. Ai additional ~ecuritY herenader. Borrower hereby aMi~u to I.eadec tbe reata
of the Property. providsd that Bormwer ~haU. prior to aoaleratioa under para~raph 18 hereof or abandonmes~t of We Propecty, luve the sisht
to ooAeet and retain snch reat~ as Wey become due and payable.
Upon aooeleration under paraQraph 18 hereof a abandonmeat of the Property~ L~der ~hall be entitled to have a rsoeiv~ ~ppointed by a
oouri to enteTnpon. take poaesdon of and manage the Property aad to coUect tl~e renta of the Property. includin~ tho~e pad dne. All reab
oollected by the reoeiver shal) be applied Srst to payment of the ooits of maaagementof We Propeety and oollecti~ of reata, incl~din~. bnt ad
limited to. raoaver'~ fees. pzemiua4r on reoeive~'~ bonds aad ne~onabie attorney'~ fee~. and then to We ~ums ~ecnrsd by this b!~ 7be
reoeiver ~hall be liable to aooount only for tho~e r~nte actually reoeived.
21. I~lttnre Advanoe~. Upon reque~t bY Borrow~. Leud~. at Lendei's option within tvneaty 3-ean firom the date of this Mort~a~e. maY
make I~tnre Advanoe~ to Borro~ver. 3uch Pbture Advanoes. with intere~t thereon, ~!-all be ~ecured bY this Most~e whea e~videaoed bp
promi~wry nM~es ~fating that said notes are a0cured her~bY. At no time shall the priacipal amount of the iadebtednen ~ecurad by tl~
Mortgage. aot induding suims advanoed in aocordanoe herewith to pmte~.~t the ~ecurity of thii MortB~80. e:oeed tLe ~iginal amoant ot the
Note plus U.3.i Al~np
22. Reiea~e. Upoa payment of all suma secured by thu Mortgage, L~ender ahall rel~se this Mortgage Mrithout charge to Borrower.
E3orrower ahaU pay all cwts of recordation. it any. '
23. Aaorner's Fees. As nsed in this Moregage and in the Note, "attorney's fces" shall include attorney's fea, if any. which may be
awarded by an appeDate rnurt. '
IN WITNESS WHEREOF. Borrower has ezecuted this Mortgage.
Signed, eealed and deGvered
in the presence of: ~ ~ ~ '
4~-t~4. . . - ~,. . ~~c a~.~t/ . ~ ; , ~~ .~!~';~ . . . . . . . (Sea1)
... .y ~..... ..... .
~Vifitness p~NEMARIE M. NELSON, a single adult -8~
. ... ...~~~!4~-•... ......... ... .....--• ......................................(Seal)
. _.... .. - Witness -F... .
STATE OFFIARIDA . . . . . . . . . . . St: . Lucie . . . . . . . . . . . . .. . . . . . . . County 8s:
I hereby certify that on thia day. before ir,e. an officer duly authorized in the sta afo esaic~ ap ~n the county aforesaid to
take acknowledgements, per8onal~y appeared....A!!nemarie. M. _ Nelson_, .a. _sing~@ 8(IU1~, .......
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the pereon(s) deacribed in and who executed the
foregoing instrument and acknowledged before me that ..... She. ,,.,,...,, eaecuted the eame for the purpoee therein
eXpT~a. ~ /1 L~C
WITNESS y nd and official seal in the oounty and state afo esaid thie . . . . .. . - • • • • • • • • • • • • • • • • • • day of
..........~.~ ........ ... .............................. . 19.~~..
. -~,:
4[y Cora~i` ue~ - r P;i[;c. Sta1e oi Ha:~a ai Larq~ .
~ ~ :.l~ '. ~~.~::
.
- • ~~~- f; I~AY Cowrnission ExpKes la~. 23. 1984 ~~, • ---..~,`-~
( ,- ~sCtn '~ ;.~i~ Ie~~! l~ri Irat fM I~sws~t~ Ms. )) .. . . . - - - • • - -... .... .. .. . . ... .....
7 / . ~ i ' ~ ~ ~ N ~'Y 't .
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. , ' _ /Spott /iiluu• Thu Lint R~~~~i•~d tor I.~nd~- oad Rrco-dar/
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This inatrument Prepared by: I9BI FE~ I Z P~i ~ 4~1
~y P1 att
Firat Federal3avings ,~nd Loan
Aasociation of Fort Pierce, Florida 33450
~~/
8~ 348 fa~f ~.571
f i: f C thf «CUP.01 Q
S ROGER PGI~iR~fSA.
CCERK C:RCL'ti CGU~f^i ~
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