HomeMy WebLinkAbout251118. Aoceleratioa; Remedies. B:oept aa provided ia par~raph 17 hereot, upoa Borcower'~ breach oi u~ ooveasat or
aseeement oi Borrower tn tbi~ Mort~y~e. Includia~ the ooveaanta w pa~- wbep dae ~~um~ ~eatred by this Mort~~e. LeAder
prior to wocelerwtion shall a~ail notice to Borrower au provided ia pua~rapb 14 ~ereo[~pecttyin~: (1) the breach; (Z) the wcttoa
requtred to cure wch breach; (3) s d~te, not lew than 30 d~y~ lrom the date the aotlos i~ mdled to Horrowrer. by w-Wch such
breacb mwt be cured; wud l4) tb~t failure to cure sucb breacb on or before the d~te ~peciAed ta the aowos m~ rea~lt in
acoeleratioa of t6e ~unu secured by thb Mort~e~e, foreclwure by judicial prooeedie~ ~nd s~le otthe Propesty. The notice ~ball
tl~rther taform Borrower of the ri~ht to reiiutwte aAec aooelerstloa wnd the rl~ht W wert ia the toreclo~ure pmceodin~ the
noa•e:lotenoe of a de[wult or aay otber deferue of Borrower to soceler~Uoa ~ad toreclosure. Ii tbe breach b not cured on or
betore the date ~peclRed In the aotice. Leader st Lender'~ optlon ma,r declare ~U ot the sww ~ecured by this Mort~s~e to be
immediately due aad pe~yable without fi~rtherdemand and mqy foreclaie thi~ Mort~~e b~- judiciRl proceedin~. Leader shall be
entitled to collect in euch proceeding al l espeuies ot [oreclwure. iacludtas, but aot limtted to, reawawble attorney'~ fee~, and
costs ot documeatary evidence, ab~trects and title report~.
19. 9orrower's Ri~ht to Aetnstate. Notwithstanding Lender's acceleratioa of the suma ~ecured by thi~ Mo~ri~age. Borrower shall heve
the right to have any proceedings begun by Leada to enforce this Mortgage discoatiaued at any time pri~ to entry ois judgment enforcing
thia Mortgage if: (a) Bon~ower pe~ys Lender aU sum~ which would be then due under thi~ Mortgage, the Note aad aotes ~ecuring I~tun
Advanoa. if any. had ao socderation oocurred; (b) Borrower cures all bnache~ of any oW~ oovenanta or egreeraenb of Borrower ooatained in
thie Mortgage; (c) Borrower pays all reasouable expenees incurred by Leader in enforcin~ We oovenant~ and agreementa of BorroMrer
oontained in this MortQage and in enforcing Lende~'s remedies as provided ia parag~raph 18 hereof. includine, but not limited to. nawnabls
attomey's fees; and (d) Borrow~ takes such action ae Lender may reasonably require to ewure that the liet~ of tbis Mortgage. Leader'~ u-tend
in the Property and Bo~rower's obligation to pay the sums secured by this Mostgage shall ooatinue utumpaired. Upon snch payment and care
by Borrower. this Mortgage and the obligatioru ~ecured henby shsU reinain in full fotce and a~fect as if no aoceleration hed oocurred.
Z0. A~si~nment oiReats: Appointment of Iteoeiver. As additional security heraunder. Borrow~ hereby assi~u to i.eadertherents
of the Property~ provided that Borrower ehall. prior to aoceleration under paragraph 18 hereof or abandonment of the Property. have the right
to collect and retain snch renta as they become due sad payable.
Upon aoceleration under paragraph 18 hereof or abandonmeat of the Property. I.ender shall be entided to have e reoeiva appointed by a
oourt to enter~upon, take possesaion of and manage the Property and to oollect We rents of the Prope:ty. inclnding tbose pad due. All ra~ta
rnllected by the receiver ahall be applied firat to payment of the aoets of management of the Propaty and oollectiop of rents, includin~. bnt not
limited to, receiver's feee. preaAiums on reoeiver's bonda and reasonable attorney's fas. and then b the sums ~scnnd by thi~ Mortgage. TLe
rec~iver shall be Uable to aooount only for thase rents actually reoeived.
21. i~ture Advances. Upon request by Borrower. I.ender. at Leader'a option within twenty years irom the date of this Mortgege. may
make I~ture Advancee to Borrow~. 3uch I~tnn Advances. rvith inf+erest thenon. ehall be secur~d by this Morfgage when evidenoed by
promissory notes stating that said notes are secvred hereby. At no time ahall the principal amoant of t~ie indebtedn~es secured by this
Mortgage. not including s~ aAd,,v~Aaaaed in accordance herewith to pe~ote~.t the eecnritY of thia Mortgage. e:veed the original amonnt of the
Note plus U.S.i ~\VIIG
22 I~eleaae. Upon payment of all auma secured by this Mortgage, I.ender ahall releaee thia Mostgage without charge to Borrower.
Borrower shall pay all oosta of recordation, if any.
23. Attorney's Feee. As used in thie Mortgage and in the Note, "attorney's teea ' shall include attorney's feea, if any, which may be
awarded by an appellate coud.
IN W[TNESS WNEREOF. Borrower has executed thia Mortgage.
Signed. aealed and delivered
in the preeence of:
,
.. .Y.::~.~... y.' .. .k'.! . :!. { ...
~Witnesa
... ..... .. ~~~~ ............... ...
~ Witness
iz~~~~l~ :Z':~ . .~ . . . . . . . . . . . . "(Seal)
THOMAS F. RAGONESE -B°'~°""~
. . . ,~I..•.. . . ........ (Seal)
C THERINE A. RAGONE -t~', . "
St. Lucie Count ss:
STATE OFFLORID/~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . y
~ '
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 acknowledgements, personally appeared . . . .T~4~!~!~ . F. . R~94ve~e. ~nd. .Catber.i ne . A. . Raganese.. .bi s .wife ,
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . , to me known to be the person(s) deacribed in and who ezecuted the
....... .
foregoing instrament and acknowledged before me that ..~..tlt@y........... executed the eame for the purpose therein
eapressed. ~ ~,~ ~%
WITNE~y and and official seal in the county and atate a~~eaid this . . ... . . . .. . . . . . .. . . ... .... . day of
~.4. ~. . / . 19. ~
d
• . ~
Ny Commission expires:
. lSeal)
- .•~' ~~
. '~ ~';'.:~ a
, ' :r ~; . .
= ~ f
i _ ' ~ n.? ~
: /; ~ ~~ .
. t~~ `iiy ~
W
Nvtary Publicc. State of Fbrida at larqe ' ~~
M~ Commission Expires 1~n. 23. 1984 ~
--~ ~~.•'-'- --~-- ~----~
...... . . .
so.a.a Tn.. r,o, r.:. ~.. . ~.c. ~----- -~--~- --~- -
N ry blic
„~~ .
~ ti~~
/ ,
~Q :
~y :
~•yW : ~ .
,* '-~.
P~. bY~
lSpan fklou• Th~s L~nr Reserrtd fbr /.tnder und Reeo-dtrl
1981 F:.a 17 Pt' ~ 48
Firet ~~v,~igs and Loan
Aasociation of Fort Pierce, Florida :33450
~
~
~ ~ . .
~~~~~_.. ~ ~ - -- ~_
BOOK 348 PAGEzc~
~ll
-,l~C thC'fCG+~l~f0
~ Ftt GfR~PO TRAS~
CLEi x CfRi.'v*T f ~t.Ri~
, , ~ ~ . o.,~M
51~3Q8
. ~
- -~ .._~~