HomeMy WebLinkAbout166318. AocelerRtiaa; Remedle~. Bzoept s~ provided in pus~rap6 17 hereot. apoa Borro~rer'~ btea~ oi aa~r oovea~at oe
a~reemeat of Horrower in thls Moet`ase. includin~ the ooveauita to pq- whea due wq~- ~um~ se~vred b~- thi~ Yort~a~e. Leadee
prior to soceleratloa ~hall mail aotice to 8oerower a~ provided i~ pua~raph 14 hereof ~pecityia~: (1) the breac6; (Z) tbe actloa
reQulred to cure such breach; (3) a dwte. Aot le~s than SO d~y~ !lrom tbe dwte the aoUcs L m~iled to Borrowrer, bp wrhich wch
brewch must be cured; and (4) th~t failure to cure ~uch breac6 oa or before the date ~psdAed la the notios awr rewlt in
sooeleration oit6e sum~ ~ecured by thl~ Mort~~e. toreclosure by judicial prooeedia~ ~ad ~wle oithe Property. The notlce ~6a11
ltiut6er. W fona Borrower ot the rlsht to teiiutate aAer aooeleratioa aad tl~e ri~bt to as~eet W the foreclwuce proosedin~ tbs
aon-esi~teaoe of R defwlt or any other defen~e of Borrower to socelerwtioa and [oceclwure. Ii t1~e breach L aot cured oa or
before the date ~peciAed ~a the notice. Lender st Leader'~ optloa ma,y declare all of We wm~ ~ecured bp thL Mort~~s to bs
immedi~tely due aad payable w ithout li~rther de~aand aad ~ay- foreclose thL Mort~~e b~r judicial prooeediA~. Lead~ sh~ll be
eatitled to oollect ia such prooeedta~ all e:pen~e~ otforecla~ure. iacludiA~. but not limited to. reawnable wttoraep'~ iee~. ~ad
COSti OtdOCUOlefltBT~- eV~dEl100~ ebstracts wnd title reporta.
19. Borrower'~ Ri~ht to Reiastate. Notwith~tanding Lender'~ aooeleration oi We s~ ~ecuebd by this Mort~a~e. Boiro~rer ~hall heve
the right to have any pmoeeding~ begun by Lender to enforoe this Mortge~e diioontiaued at u~y time prior to entry of a jtui~meat ~forcin~
this Mortgage i~ (a) Borrower pays Lend~ nll eums which would bs then due under thi~ Mott~a~, the Note md aote~ ~ecuring F1~ture
Advanees. if any. had no aoceleration occurred; (b) Borrower cures ali breache~ of aay other ooveneata ~ a~nemeata of Borrowas oontained ia
this Moitgage; (c) Borrowet paye all reasonable expenses incurred by Leader ia ~forcing We oovenanb and a~reem~ta oi Borrow~
oontained ia this Mortgage and in enfa~cing Lender's nmcdies aa pmvided in pangraph 18 hereof. indndias. bnt not limited to. newnabls
attoraey's feea; and (d) Borrower talces such action aa I.wder may reaeonab~j- require to annre that the liea o~thi~ Mortgage. L.eader'~ int~ed
in the Property and Borrowei s obligation b pay the sums secured by this Mortgege shaU oontinue unimpaired. Upon such paym~-t and cars
by Borro~rez. this Mortgege and the obligatioaa secured hereby shall remaia in fuU foroe aad e~fect as if no aocelaration 6ad oocurred.
Z0. Aesitnment ot Rents; Appointment of Reoeiver. As additional ~ecurity heteunder. Hosrower hereby a~n~ to L~ tl~e r~4
of the Property. provided that Borroaer shaU. prior to aooel~xation under paragraph 18 hereof or abandonment of We Proprrty, have the ri~ht
to coAect and ntain such rents as they become due and payable.
Upon acoeleration under paragreph 18 hereof ~ abandonment of We Property. Lender ahall be entitled to hsve s reo~ver appointed by a
oourt to enter~upon, take possession of and manage the Pe+op~ty and to ooAect the renta of the Property, inclnding tho~e pad due. All rents
collected by the rea~ver shall be applied first b payment of the oosta of management of the Property and ooUection of rsnta. inclndin~. bnt not
limited to. reoeiv~'s feea. premiums on raxivrr's bonds and reasonable attorney's fees. and then to We suiw ~ecnred by thi~ Moartga~e.'1Le
reoeiver shall be liable b aooount only fot thoee rents sctnal~y reoeived.
21. ILtare Advance~. Upon request by Borrower. Lenda. at I.eude~s option within twenty years irom the date of this Mortgage. may
malce I~ture Advanoes to Borrower. 3nch I~ture Advancee. with inf~t thaeon. ~all be ~ecared bY thi~ Morfga6e when evidenced by
promissory notes stating that said notes are secured hereby. At no time shall the p:incipal amount of the iadebtedne~s secnred bY lhis
Mortgage. not including sums advaaaed in aooordanoe herewith b protei.K the security of t6ii Mortgage. e:oeed We original aa~ount af tbe
Note plw U.S.i ~Q13e
22. Relea~e. Upon payment of ~fl aums secured by this Mortgage. Lender shall relean this Mortgage withont charge to BorroM-er•
Bormwer ahall pay all oosts of recordation, if any.
23. Attorney's Fees. As vaed in this Mortgage and in the NoLe, "attorney's feea" shall include attorney's fees, if any, which may be
awarded by an appeAate court.
IN WITNES3 WHEREOF. Bonower has executed thie Mortgage. •
Sigaed. eealed and delivered
in the preeence of:
~ ~- ..... ~ ..:.~.. ....... ......... ~~,
... .. . ...~-: .h.~.. .. T J. ENEY -s, ~ .
~ Witnesa
. . . . . . .. . . . ~~~~I~ . .. . . . . . . . . . . . . . . . . . .. .. . (Seal)
.. ...... ... ... ... .1Nitness AN SWEENEY~ -B°"'°'•Q
St. Lucie
STQ'fE OF~IARID~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . County ss: .
I hereby certify that on this day, before rr,e. an officer duly suthorized in the atate aforeesid and in the county aforesaid to
take acknowledgements. personally appeared . PE.T.ER .J.. .SW~f N~Y. d~7s,1.JfJ~ll. $W~~N~Y.. .his, .wi.fe.> ....... . .. . .. .
. . . . . . . . . . . . . . . . . . . . . . . . . .'. t. . . . . . . . . . . . . . . . . . . . . . . . . , to me known to be the peraon(s) described in and who executed the
foregoing inatniment and acknowledged before me that ........... tIt@y. ... executed the same for the purpose therein
expreased.
WITNESS~y_~jand and official seal in the county and atate aforesaid this . . . . - • • •l. •°~ • ~• • • • • • • • • • • • • • • • day of
_..........._.::~:~i~ ................................. . 19..~/..
My Commisaion expirea:
Notary Pub1'u, State o1 Florid~ at l3rge
. ~:!.~...- -~- --- G~`~~-•- ~-•----
lse~-_ . _ Mr Cocrtmission Exp-res lae. 23. 1984 ~ . . . . . . . . . . . . . . . . . . . .
•~~~~1?Q {~~e ~oWw il.r, t.,a, fw I.i•r..c. Mc. Nota Public
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Thie Inetrument Prepared by:
, Carol Fore'
ISpact Heluu~ Thu L~nt Rasrsi•ed Fo- Lrnd~r nnd Rtmrdtr)
516t~336
19~1 f E8 I 3 A!1 ~ 19
Rirst Federal Savings and Loan
Aseociation of Fort Pierce, Florida 33450
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«~fc ~tir =~;:orefe
ST.tUCIf COUNTY.FtA.
ROGER P011RAS
CLEFK CtFC~iiT Gt•UR1 ~
-c~rR~ .-at~ ~~--
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