HomeMy WebLinkAbout191018. AoceleraUon; Remedie~. Bsoept u provided ia p~r~r~ph l~ bereof. upoa 8orwwer'~ breach o! aa~r ooveaant or
a~reemeat ot Borrower in thb ~lorts~e, includia~ Ihe ooveaaata to py- wrheu due aa~- ~unia ~epred by thi~ Mo~t~s~e, I.e~dee
prior to aooeleratioa ~h~l! mall aotioe to 8orrower ~u provided ia pRr~rRph l~ hereot~peclly~a~ (1) the breaoh; (Z) tbe acNon
requtred to cure ~uch breach; (3) a d~te. aot lew ehan SO dwy~ tirom tbe d~te the notke b mdled to 9orro~ver. by w~hkh wcb
brewch must be cured; and (4) that tdluse to cure ~uch beeach oa or betore the d~te ~peciAed iA tbe notios mq rewlt 1n
aooateration ot the sum~ ~ecured by thL Mort~~e. foreciwure by )udlcial prooesdJn~ ~d w1e oithe Piwpeety. The notke ~hall
fttst6er ia~ora~ Borrower of the risht to reia~tate aRer soc~eleratba aad the ti~bt to wert in the iorecloatre proosedln~ tbs
nop-e:i~teaee of a default or sn~r other defease ot Borrower to wa:eleration ~ad loeeclwura It the breac6 b aot cured oa or
before tbe date ~pecifled la We notlce. I.ender st Lender'~ optioa raq~- decl~re all of t6e wma secured by thL Mortr~e b be
immedlately due eu~d pqrable witliout tl~rther demand ~ad me~y foreclwe thi~ Most~s~e by judkiwl proceedia~. Lender ~ball bs
entitled to oollect in auch pcoceedin~ all expenaes o[foreclwure. includia~. but not Umlted to, reawnable ~ttoraey'~ fees. aad
coats ot documeAtar~- evidenoe, sbstracts aad title reports.
19. Borrower'~ It1~6t to Reitutate. Notwithstanding Lender's exeleration of the aum~ ~ecured by thi~ Mott~age. Horro~ra shaU have
the right to have any pmcaedings begun by Lender to eaforoe this Mortgage diaooatinued at aay time prioc to entry of a jud~neat enforcin~
this Mortgage if; (a) Horrower pays Lender all sums which rrould be then due under t1w Mat~a~e. the Note aad notes ~ecnrin~ F1~tnre
Advaaces, if anY. had no ecoeleration oa~urred; (b) Borrower curee all breaches of any other oov~aab or a~reament~ of Borrower coataiaed in
this Mortgage; (c) Borrower pays all nasouable e~penses iacurred by Lender in enforrin~ the ooveaanb and aQt+eement+~ of Borro~re~
contained in this Mortgage and in enforcing Lender's remediea as pmvided in paregraph 18 h~eof. inclnding. but not limited to. rea~oaabls
attomey's fcea; and (d) Borrower talces auch action as Lender may reasonably tequire b asaure that the lie~ of this Mortgage. Leader'~ intere~t
in the Proparty and Borrower s obligation to pay the suma savred by thia Mortgage ~haU ooatinue unimpaired. Upoa such paymeat aad cnrs
by Borrow~. this Moregage aad the obligations eecured hereby ehall semain in fuU foroe eu~d dfect a~ if no aooeleration had oocurred.
Z0. Assi~nment o! Rewta; Appolntmeat oi Reoeiver. Aa additional security hereunder, Borrow~ h~eby assiga~ b I.~der ths r~-ta
of the Property, pmvided that Borrower shaU. prior to acoeleration uoder paragraph 18 hereof or abandonmeat of the Property. bave the iight
to collQct and nLain buch nnts as they bccome due and peyeble.
Upon aoceleration nnder paregraph 18 hezeof or abandonment of the Property. Lender ehsll be entided to have a reoeiver appoiated by a
court to enter~poa. teke possession of and manage the Property and to ooliect We rents of the Pmperty, including Wose pert due. All e~ent~
rnUected by the reoeiver shall be epplied first b payment of the eos~s of managemeAt of the Property and ooUection of r~ta. includin~. bnt not
limited to~ receiver's feee. premiuma on receiver's bonda and ressoneble atLorney's fees. and then to the suma ~ecared by this blost~a~e.'!Le
receiver shall be liable to aca~unt only for thoae rents actually treoeived.
21. I~ture Advances. Upon requeat by Borrower. Leader, at Lende~'s option within twenty years firom the date of thi~ Mortgage. may
make I~ture Advances to Borrower. Such Flture Advancee, with intereat thenon. ahall be secvred by thi~ Mortgage Mrhea evidenoed by
promissory notee stating that said notes ara secured heeeby. At no time shall the principal amount of the indebtednew sec~red by t6is
Mortgage, not including s~ans advanoed in accordance herewith b protect the eecurity of this Mortgage. ezoeed the original amoant of the
Note plw U.S.i ~OIIP_
22 Relea.e. Upon payment of all sums secured by this Mortgage, Lender shall releaae this Mortgage without charge to Borro~rer.
Borrovrer ahall pey all coets of recordation, if any.
23. Attorney's Fees. As used in thie Mortgege and in the Note, "attorney's fees" ehell include attomey's fees, if any, ~hich may be
awarded by an appellats rnurt.
Ih WITNESS WHEREOF, Borrower haa executed this Mortgage.
Signed, eealed and delivered
in the preeence of:
. . ~ .+~:~: . . . . c~ . .. . . .
}~~. . Witiness
~~ . ~
..~+.-..~ ...................'~............ ...
~ Witness
~u~ .>~: ~~~~. . . . . . . : . . . cs~,
~ atr~ ck~ ~R. ~ Greene -e«*~-R
-, ~
. . ~.4~~f .!~-~ ~ ct.. . J,.. . "~ ~ktX .k... . . . . . . . . . . (Seal)
Pamela S. Greene -~°~a
STATE OFFLORIDA, . . . . . . . . .S~'. 'LtICI'e . . . . . .. . . . . . . . .. . . . . . COUIIty 88:
I hereby certify that on this day, before rrie. an o a~e~ dC~v uth rized in the te af rea d a d in the ooupty aforesaid to
take acknowledgementa, peraonally appeared . . . . ~ L i K ~. ~reene .anc~~ameg a ~.. ~reene ~ . h~ s. wi fe,. . . , .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me I~qown to be the person(s) described in and who e:ecuted the
foregoing instrument and acknowledged before me that ... L11eY. ........ ... executed the eame for the purpose therein
expresaed. ~
WITN ;~ ~y h~a~nd and official seal in the oounty and atate af esaid this . . . . . . . .~v.? • . • • • • • • • • - • • • - • day of
. . . . . . . . . ,~~~:~`: ~r."i = . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. ~~ . -
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:~+iy Commission ezpitNrtary p~y~, State ol F!w'
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This Iqstrument Prepared by:
Thomas H. Henson
Firat Federal Savings and Loan
Aseociation of Fort Pierce, Florida :3.'3450
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