HomeMy WebLinkAbout19061& Aocelee~tlon; Remedle~. B:cept eu provided ia para~rapb 17 heteot, upon Borrow-es'~ breach ot aWr ooveaaat oe
s~reemeat oi Borrower ia thL Mort~e~e. Inctudia~ the oovenu~ta to psy when due aW- wm~ ~ec~tred by thla Mort~~0.l.endee
prior to aooeleratloa ohall mail aotioe to l3orwwer e~ provided ia p~rw~r~p6 l~ hereo[~pedlyiar: (1) the bre~ch; (9) the ~ctlon
requirad to cure ~uch breach; (3) a date. aot law tban 30 dwy~ feom the date ths notke L mailed to Borrow-er, by w-hkh ~uch
bceach mwt be cue~ed; ~nd (4) tbat fsUure to cure such breach on or before the date ~peciAed !n the notlcs ma,~r rewlt ia
~cceleratloa ott6e ~uau ~acured by thia Mort~a~a ~oreclwure by judlcial pe~ooeedlns ~ad ~ale of t6e Property.T6e aotice duU
il~rther iatona Borrower of tbe ri~ht to retiutate etter wooeleratioa. and the ri~bt to wert la the foreclowre proosedias the
aoa-exl~teaoe o[ a defi~ult or aay other defewe ot Borcower to aocelerwUoa ~ad foeeclo~ura li the breach is aot cueed on or
before the dato ~peciAed in the aotice, Leader at Leeder'~ optioa mw declare all of the wm~ secured by t6is Mort~~e to be
iaimediatel,~- due sad pay~ble without tt~rther demand and msy foreclose t6L Yott~~e by judlcial prooeedin~. L~der ~hall be
e~tltied to oollect la such proceedin~ aU e:penae~ ot toreclwure, includla~, but ao! limited to. re~uoa~ble ~ttorney'~ tee~, and
coeta ot documeatary- evidenoe, ab~tracts and title reporta.
19. Borrower'~ Ri~bt to Rel~utate. Notrwithstanding Lender s aoceleration of the ~um~ ~ecnrdd by thia Mort~e~e. Borro~r~ ~hall have
the ri~ht to have aay prooeedings begun by Lender b enfores this Mortga~e discontinued at wy time prior to entry of a jud~mant enforcit~
thie Martgage if: (e) Bore~ower pay~ Lender all suau which would bs then due under t1w Mort~a~s, ihe Note and note~ secvsinQ P1~tars
Advanoes. if any~ had no aooeleration occurred; (b) Borrower cuns all bnaches of any ott-er ooveAaaN or ~b of Borrow~ eoAtained in
this Mortgage; (c) Borrower pays all reasouable expense~ incurred by Lender in eaforcing the oovenants aad a~reemeob of Borro~
ooneained in this Mortgage and in enforcing I.ender's remedies aa provided in paragraph 18 hereof. inclnding~ but not timited to. rsawnabls
attorney's fees; and (d) Borrower takes auch action as I.ender may reasoaably require to ewure that the liea of tbi~ Mortga~e. L~dec'~ inten~t
in the Property and Borrower's obligation to pay the eums secund by this MortgaQe ahall oontinne ununpaired. Upoa such paymeat aad cors
by Borrower. this Mortgage and the obligationa secured hereby ehall rea4ain ia full foroe and effect as if no aooel~ation had oa~urred.
Z0. A~si~ameat of Renta; Appointme4t ot Reoeiver. As additional ~ecurity hereunder. Borrower haeby assigw to Leader ths rents
of the Property. provided that Borrower shall. prior b soceteiration under paragraph 18 hereof or abandonnaent of the Prope~Ry. have the right
to collect and ntain such rents as they become due and payable.
Upon aooeleration under paregraph 18 hereof or abandonment of the Property. Lender shall be eatided to have a reoeiv~ appointed by a
oourt to enter.upon. take possesaioa oi and manage the Property and eo ooUect the reata of the Property. including thwe past due. All rent~
eollecled by the reoeiver shall be applied firet to payment of the aosts of wanageiaentof the Property and aoUection of r~b. includin~. bnt nd
limited to. receiver's fees. premiuma on receiver's boads and reasonable atbrney'~ feer, and then to the ~ums ~ecured by tbi~ Most~a~e.'1l~e
receiver shall be Gable to aooount only for thoee nnts actually received. -
21. PLture Advaucea. Upon request by Borrower. Leader. at I.ende~s option ~vithin twenty years firom the date of thi~ Moct~age. may
mate I~ture Advances w Borrowez. 3nch Fhtun Advancee. with int~rest thercoa. shall be ~ecured by thi~ Mort~age whea evidenoed bY
pmmissory notes atating that said notes are secured hereby. At no time shall the prindpal amouat oi the iadebtednat iecured by thi~
Mortgege, not including snms advanoed in aocordance herewith to protect the secwity of thi~ Mortgage. e:oeed the original amount ot the
Note plus U.S.i bORp -
22. Release. Upon payment of all suma secured by thia Mortgege. Lender shall release this Mortgage withouL charge to Borrowet.
Borcower shall pay all coats of recordation, if any.
23. Attorney's Fees. M used in this Mortgage and in the Note, "attorney'a fees" shall include attorney's fees, if any, which may be
awarded by an appeUate coud.
IN WITNE.SS WHEREOF. Borrower has executed thie Mortgage.
Signed, eealed and delivered
in the preeence of:
.. ..~.~~:..~.. ~~-~. ...
, W~tneas
C~~~ ~
............................................. Witness
. .. . !?. ~. . . . ...... (Seal)
~osep ~J. aigle, a ingle adult -~*~-~
..............................................(Seal)
-eorro+.et
STATE OF F IARIDI* . . . . . . . . - S'J~ : • E.UCte . . . . . . . . . . . . . . . . . . . . . . . . COIIDty SS:
I hereby certify that on this day, before rr.e, an officer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgementa, personally appeared . .~.O.Sgph _ J . , Dai gl e,, . a. si ngl e . adul t,. . . . . . . . _ . _
. . .. . . . .. .. . . . . . . .. . . . . . .. . . . . . . . .. .. . . . . .. . . . . . to m~ known to be the person(s) described in and who eaecuted the
... .
foregoing inatrument and acknowledged before me that ... . h~ . ......... ... executed the same for the purpoee therein
eapressed. ~
WITNE~ m~nd and official seal in the county and atate afroresai.~ thie . . . . . . - . - - f - • • - - • • • • • • • • • • • • - • • day of
19. r /. ..
.. ..... ~-y:~ry Pu.-,;ic. Sl~te o~ florida at lu~e
My Commission expires: Mr Comioisswo Expires 1an. 23. 1984 ~
bsd~! 14o T~ ~w ~~ ~ .
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AsaoCiBtion of
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1981 • f ~~ I 3 Pl' 3~ 21
Loan
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