HomeMy WebLinkAbout16591& AoceleratMn; Remedle~. B~cept a~ provided ia par~raph l~ beeeo[. upon 8ore~owee'~ beeach ot aWr o~veeunt or
a~reemeat o[ Borrowee in thL Mort~a~o. includia~ the oovea~nta to pqr whea dne ao~- wm~ ~e~vred by thi~ Yorts~e. Lepde~
prior to scoeler~tloa ~hall malt notioe to 8orrowee ~ provlded ia puosrap614 h~eo[spedtyin~: (1) the breacb; (Z) tbe actioa
required to cure such breach; (3) a date. aot leM thaa 30 d~y~ trom the date the notioe L mdled w Bon~o~ree, b~- wbk6 wcb
breacb mwt be cure~ Rnd (4) that fidlure to ~ure wch breACh oa or before the date speclAed ia tbe aodos ma,p ~ult in
aooeleratloa of the ~unu ~ecured by thL ~lort~y~e, foreclosure by judiclal prooeedla~ wad ~ale oi W e Praperqr. Tbe aotice shaU
t~rt6es intorm Borrowe~ of the ri~ht to ninatwte sAar aooelerstloA and the rl~ht to wert in t6e toreclowcs prooeedia~ the
non-e:i~teace ot a default or aay other deteaoe of 8orrower to Roceler~tioa ~nd foreclosure. It tbe breach L not wred on or
before the dwte ~peclAed in We noUce. Leader st Lender'~ optioa ms,1- declese wU otthe ~uau ~ecured by thL Mort~ase w bo
immedtate~p due aad pe~eble without turther demaad aad ~uyr toreclo~e thi~ llort~a~e by Judiclsl proceedln~. Leader ~lull be
entitled to collect ia such psooeedin~ all e:pe~ue~ ot toreclosure, iacludin~, but not limited to. re~uon~-ble attornay'~ fea~, and
coata of documentary evideaoe, abstracta and title reports.
19. Borrower'~ Ri~ht to Reinsute. Notwithstanding Lender's sooelere~tioa oithe sums ~ecured by Wis Mort~a~e. Boerow~er shaU have
the right to have eny prooeedings begun by Lend~ b eaforoe thia Mortgs~e diacontin~ed at any tims pria: b eatry of e jud~ment enforcia~
thia Mortga~e if; (a) Borrowe~ pays Lender all sums which would bs ther~ due uader tl~ia Mort~a~s, the NoLs aad aoee~ securiag Phture
Advances. if any. had no adeleration occurred; (b) Borrowes cures all breaches of say other ooveaaat~ or a~e~em~t~ of Borrowe~ oontained in
this Mortgege; (c) Borrower paye aU nasoi~able espenaes incurred by Lender in enforcing We oovenanta aad ~greameate of Borrower
oontained in this Mortgege and in enforring I.ead~'s r~edies as pmvided in paragraph 18 hereof. iaclndia~. bnt not limited to. reawaabls
attorney'e fees; and (d) Borrower takes euch action as La~der mey ceasonably require to essure that the liea of thi~ Mort~ag0. ~dat'~ intered
in the Prope~ty and Ba~rower s obligation to pqy the s~ secured by this Mortgege ehsll oontiaue unimpsired. Upon such payment snd cnre
by Borrower. this Mo~gage and the obligations secured henby ahall nmain in full foroe and effect a~ if no aooeleration had oocurred.
Z0. ANip~meat o! Rsnts; Appoiatment of Recelver. As additional securitY henmider. Bon~owar hereby e~aig~u to La~der the eenta
of the Property. provided that Borrow~ shall, prior to aoceleratioa under paragraph 18 hereof or abandonmeat of the Property. have We right
to collect and retain such renb es Wey become due and payable.
Upon aoocleration under paragraph 18 haeof or abaadonment of the Property. Lender ahall be eatitled to hsve a noeivar appoiated by a
oo~t to eater~upoa, take poesesaion of and manage the Property and to coUect the rents of the Prop~xty. including thwe past due. All renb
coUected by the receiver shall be applied first to payment of the ooata of manageaneat oithe Property aad oollection of reat~. including, but not
luaifed to. receiver'a fees. ptemiuais on noeiver's bonds and reasonable attorney'~ fees~ and th~- to We aums ~ecured by thi~ Mort~~a~ee.'1Le
receiver shall be liable to aooount oaly for those rents actnaUy reoeived.
21. ~ture Advaoce~. Upoa request by Borrower. Lcnder. at I.ende~s option within twenty years from the d~te of this Moetgage. maY
make fi~tun Advenoes to Boirowez. 3uch Ptiture Advancee. with int~ereet thereon. ~hall be secured bY thi~ MortgaBe when eridenoed by
Mortgage pot 'u~iclndin8 sams advanoed ain ocordanoe herew~y'th b pmtei.t the eecurit~y of this MortgaBe. e:oeed the oriBinal amount of the
Note plus U.S.i ~n =
22 Rele~se. Upon payment of all sums eec~red by this Mortgage. Lender ahall nlease this Mortgage withont charge to Borro.ver.
Borrower shall pay all rnsts of recordation, if eny.
23. Attoraey's Fees. Aa ueed in thie Mortgage and in the NoLe, "attorney'a feea" ehaU include attomey's fees, if any, which may be
awarded by an appellate court.
IN WITNFSS WHEItEOF. Borrower hae executed thia Mortgage.
Signed, sealed and delivered
in the preeence of:
' .~ . . !Z.
. . .~ l~Gt . . . . .
- - . . . . T.- . . . . . . . . . . . . . . . . . . . . . . . . . .
. /
. . . . . . . . !^~. . . .~. : . . . . . . . .Q Y.`!~/ . . . . . . . (Seal)
~Witn ~ ES IE A. BROWN -B°"°"R
. . . . . . ~~!!!(/2 ~{. . .~'.~ . . . . . . . . . . . . . . . . . . . . . . (Sea1)
Witneas ~AURA H. BROWN -B°"°""
STA7'EOFFLORIU/~,........ ..$t.. Lucie ...................... COIIrif,y 88:
I hereby certafy that on this day, before rrie, an officer duly authorized in the atate aforesaid and inthe c~unty aforesaid to
take acknowledgements, personally appeared . . l.esl.ie. .A,. .Brs~wwo. .ao~ . l.aur~a . K. . Br.own.. hi s .wa.fe., . . . . . ... . . . .
. . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who Pacecuted the
...................................
foregoing inatrument and acknowledged before me that ....thP.~l. .... .... .. executed the same for the purpoae therein
expressed. /~ ~
WITNESS hand and official seal in the county and state af~esaid this . . • - • • • • • • • • • • • • • • • • • • • • - day of
..........~'.cL:......... ............................... . 19. ~.
My ComcR~irilM es:
~i~ s; . ,,,y rw~+,c. State ol fiat.oa tt Lu~!
~ ~~p'~ :~ ` ~C ?~~c+ ~`~ (pmmiss'an Expira l:n. 23, i9E4
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This Instrument Prepared by:
Steve Day
Firat Federal Savinge and Loan
Aasociation of Fort Pierce. Florida 33~t50
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g~`~348 PaGE1S58
516835
1991 f f° I 3 Jl~l 9~ I 9
f~LfC tf+C ~~COd~1f 0
SI.tULtf CCVYtY.ii A_
keGER POIiRAS
CLERK C3~i.!~IT CCUpp.~/~
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