HomeMy WebLinkAbout250718. Aoceleratioa; Remodie~. B:oept u provided ie par~r~pb 17 heteof, upon 8ore~ower'~ bre~-cb ot an,~r ooveaaat oe
a~reemeat of Borrower ia thb Mort~~e, includlu~ the oove~aAta to py- whea dw ~q~- nw~ ~eoared b~- thb Mort~~e. Leadee
prlor to aooeler~tlan ~hall matl aotioo to Horrnwer w provided la puajtaph 14 hereof ~pecllyia~s (1) tbe brewch; (~) the sctton
requlred to cure such breach; (3) a date. aot le~s tbwn 30 ds,~r~ hom the date We nottoe ia m~Iled to Borrow-er. b~- wr6ic6 wcl~
breac6 mwt be cured; e~nd (4) tbat failure to cure ~ucb brewch oa or be[ors the date ~psciAed 1a the aotloe mepr rewlt in
aooeleratioa of tl~e ~uau ~ecured by tht~ Nort~~e, foreclosure by judicial proosedin~ and ~ale oithe Propart~-. Tbe notloe ~h~U
f4rt6er in[orm 8orrower of the ri~ht to reLutato atter aooeleratioa ~nd the rt~t to as~ert W the foreclwure prooeedla~ tl~e
noa-esisteace of a default or e~a~- otber detease oi Borwwer to aoceleraUon wad faeeclowre. Ii the breacb L aot cared on or
betore the date ~peciAed ia We aoUce, Lender at I.eader'~ opUoa mqr declare aU ot tbe ~um~ secured by thi~ Mort~ase to bs
immediately dae end payable witbout turther demend and me~y foreclose thL Mort~s~e by judiciel prooeedin~. Lender ~b~ll be
entitled w oollect ia such prw,~ecding sll expea~es of toreclosure, Iacludins. bnt not limited to, rew~onable attorney'~ feea. and
co.ta of docume~tary evideaoe. abstrsMs and title reports.
19. Rorrower's Ri~6t to Rei~utate. NotwiLhstanding Lender s sooeleration of the ~ums ~ecund by this Mortga~e, Borrower sheU hava
the right to have any pe+oceediags begua by Lender to enforoe this Morfgage disoontinued ~t sqy time prior to sutry of a jndgm~t e~forcing
this Mortgage if: (a) Borrower pays Lender all sum~ which would be thea due uuder thia Mort~ege. the Note and aote~ securin~ Phhu~e
Advances, if any. had ao aooeleration occurred; (b) Borrower cuns all breaches of aay othar oovensnt~ or eigebements of Borrowe~r coatained ia
thia Morigage; (c) Bonower pays all reasaiable espenses iacurred by I.ender in enforcing the oovenants and agreetnents of Borrow~
co~tair-ed in thie Mortgage and in enforciag l.ender's remedies as provided ia paragiraph 18 hereof. includiag. bnt not limieed b. reawnabls
auorney's fcea; and (d) 8orrower takes such actioa as Lender may reasonably require to assure thet t6a li~- of this Mortgage. Lender'~ iutere~t
in ehe Property and Borrowefs obligation to pay the sums secund by this Mortgage shall oontinue unimpairsd. Upoa such pqymeat and cure
by Borrower. this Mortgage and the obligatione secured hereby ahall r~nain in fuU foroe and effect as if no aoceleration had oocnrred.
20. Ass~ameat ot Rente; Appoiatment of Reoeiver. As additional security hereunder. Borrower ha+eby assigns to Lender We rents
of the Property. pmvided that Borrower shall. prior to aoceleration under paragraph 18 hereof or abandonment of the Prope:ty. have We right
to coUect and retain euch rents as they become due and payable.
Upon aoaleration under paragraph 18 h~reof or abandonment of the Property. Lender shall be eatided to have a reaiver appointed by a
oourt to entes~poa, take poesessioa of and manage the Property aad to coUect the rents of the Property. inclnding thaee past due. All rents
collected by the recr.iver ehell be applied 5rst to payment of the oosts of management of the Proparty and oollection oisent~. includin~. bnt aot
limited to. receiver's feea, pre~niums on reoeive~'s boads and reasonable attorney's fees. and then to the sums ~ecured by this Mort~a~e. The
receiver shail be Uable to acaount only for those nnts actually reoeived.
21. Ptitture Advae~. Upon request by Borrow:r. I.ender. at Lendefs option wifhin twenty ya~rs firom the date of this Mortgage. may
make PLtnn Advancee b Borrowa. Snch I~Ltun Advaaces. with inter~st thereon. shall be secured by this Mortgage when evidenoed by
promieaory notes stating that said notes are secnred herebY• At no time shall the principal amount of the indebtednas secured by this
Mortgage, not including py~µadvanoed in aocordanoe herewith to protec.t the aecurity of this Mortgage. racoeed the original amonat ot the
Notc plas U.S.= I~VIYt ,
22 Release. Upoa payment o( all suma secwed by this Mortgage. I.ender ahall nlease this Mortgage withoat charge to Borrowez.
Borrower ehall pay all costa of recordation, if any.
2a Attorney's Fees. As ueed in this Mortgage and in the Note, "atLomey's feee" shail include attorney's fees, if any. which may be
awarded by an appellate coutt_
IN WITNES3 WHEREOF. Borrower has executed this.Mortgage.
Signed, eealed and delivered
in the presence of:
. ~ / -~ .
. . . ~~a~~,~%2!4~ . ,/L• ~l/~t~.~4r. . ~It~G!!~/ LL . . . (Seal)
/ W~tness ~Patri-cia Darltene Bonds, a single adu'-#°"°"~
l ~ :~.~ . ' ..............................................(Seal)
...... .. ................... ...
Witness -e. .
STATE OFFLORIDA, . . . . . . . . S.t. . I.1,lCle . . . . . . . . . . . . . . . . . . . . . . . . . COIIIIty S8:
I hereby certify that on thia day, before rr~e, an officer duly authorized in the state aforeaaid and in the oounty aforesaid to
take acknowledgements. ~TSOna»y appearea . . . . . . . Patr~`~ia . Parl.iene . Boads,. a . si ngl e• adul t• • • • • • • • • • • • • • • •
, , , , , , , , , , , , , , _ . , , , , , , . , . , . . . . . . . . . . . . . . . . . . . . . . . , to me known to be the person(s) described in and who executed the
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foregoing instrument and acknowledged before me that . .S~e . . . . . . . . . . . . . . executed the eame for the purpoae therein
exp~esaed.
WITNESS my hand and official seal in the county and atate aforesaid thie . . . . . . . . . . . .13t11• • • • • • • • • • • • • • • • • day of
Febru~4CY ............ ..................................... . is..81...
My Cosp~#iesi~h-~~ires: Not~ry P„blic. State ot flaida st Larq~
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