HomeMy WebLinkAbout267718. Acceter~tloa; Remedie~. E:oept a~ provided ia pwraYt~ap6 17 hereot. upon 8orrow-er'~ breach ot aqp ooveaant ot
~reement of Borrower ia thia Mort~a~e. iacludia~ the oovea~ata to py- ~rhen due ~a~- atm~ sewred by Wl~ Yort~s~e, L~dee
prior to aooeleratioa shall mail aotice to Borrower ~s provided ia para~raph 14 he~eof ~pedtyrie~: (1) tbe bre~ch; (Z) the ~ction
requlred to cure ~uch breach; (3) a dwte, not le~a tbaa 30 de~y~ tlrom the date We notloe i~ m~iled to Borrow~er, by wrhich wch
breacb mwt be cuted; sad (4) that tallure to cure such breach oa or before the date ~peciAed ia the aotios m~,~ rewlt ia
sooelerwtioa of the sww oecured by thL Mort~a~e, foreclwure by )udiciwl proosedia~ ~nd sale oltha Propertp. The notice ~haU
fi~rther in[orea Borrower oi the ri`ht to reia~tete aRer ~ooelerstioa sad the ri=bt b wert la the toreclware prooeedla j ths
aoa-e~~teace o! ~ detautt or any other de[ea~e of Borrower to socelerat~oa aad fo~eclwure. If the breac6 i~ not aured on or
before the daLe ~peciAed ta the aotke, Lendor at Leader'~ optiou mq- declare aU ot We wnu secured by thi~ Mort~a~e to be
immedietely due and pgywble without turther demaAd sad m~3r foreclo~e thla ltort~a~e by Judicial prooeedin~. I.eader ~6a11 be
entitled to collect in such proi,~eediag all espease~ oiforeclosuce, includtn~. bnt not limited to. reawn~ble attorne~'s tee~. pnd
coets of documeatary evidence, abstracts and title reporta.
19. Hormwer's Rl~6t to Relnstate. Notwith~tending Leader's aooeleratioA of the ~ume ~ecured by this Mortga~e, Borrower ~hall have
the right to have any prooeedings begun by Lender to enforoe thia Mortgage di~coatinued at aay time ptio~ to entry of a judgm~t eaforcing
this Mortgage if; (a) Botrower pays Leadez all sums which would be then due under this Mo~tga~s„ We Note and notes ~ecurins P1~ture
Advances. if any, hed no aoceleration occurred; (b) Borrower cune all breaches of any oW~ oovenanf~ or a~e+eemenb of Borrower conteined in
thia Mortgaga; (c) Borrower pays a!1 reasouable expenaea incun~ed by I.ender in enforcing the covenanta and a~ree~neaLs of Borrowier
oontained in this Mortgage and it~ entorcing Lender's remediea aa pmvided in paragreph 18 hereof. including. but not limited b. reaso~oabls
attorney'e fees; and (d) Borrower takee such action as Lender may reaeonably require to aisure that the li~ of thi~ Mortgage, Leade:'s intere~t
in the Prope:ty and Borrower s obligation to pay the sums eecured by this Mortgage shall coatinue unimpeired. Upon snch p~yme~t and cnre
by Horrower. this Mortgage and the obligatioas aecured he~reby shall ranain ia fuU foroe and effect as if no aoaleration had oocarred.
20. Asai~nment of Renta; Appointment of Receiver. As additional security hereunder. Borrowes haeby awignr fo Le~der the raats
of the Property. provided that Borrower shell, prior to aoceleration under paragraph 18 hereof or abandonmeat of We Prope:ty, have the rig6t
to collect and retain such rents as they become due and payaWe.
Upon acceleration under paragraph 18 hacof or abandonment of the Property. Lender shall be entided to have a e~eoava appointed by a
oonrt b eaterapon. take posaeeaion of and manage the Property and to oollect the reats of the Property, inclndiag thwe pad due. All rmts
oollected by the receiver shall be applied Srst to payment of the oosts of msaagementof the Propeity aad oollectioa of tent~, inclnding. bat not
limited to. receiver's fees, premiuma on reoeiver's bwids and reasoaable attorney's fees. and then b We sums ~ecared by tbis Mortgage.llu
reoeiver shall be liable to aooonnt oaly for those rente actually reoeived.
21. I~Lture Advances. Upon request by Borrower, Lender. at Lende~'s option within twenty y~re from the dat~ of this Mortgage, may
make l~tnn Advanves to Bormwer. 3uch fl~tun Advancee. with interust thaeon. shall be ~ecund by thi~ MortBaBe when evidenoed by
promiesory aotes stating that said notes are secured hereby. At no tiane shall the principal amount of We iadebtedncas secnred by thi~
Mortgage. not in~]~~q aums advanoed in aoc~ordance hetewith to prote~.K the security of thie Mortgage, e:oaed the original ao-o~wt of the
Note plus U.S.~ N011~
22. Release. Upoa payment of sU euma se~ured by this Mortgage. Lender shall release thia Mortgage without charge to Borrowe*•
Borrow~ ahall pay all coste of reoordation, if any.
23. Attoraey'e Fees. Aa used in thie Mortgage and in the Note. "attorney e feee ' shall include atLomey's fces. if any, which may be
awarded by an appellate court.
IN WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, aealed and delivered
in the presence of: -
` 1~, W , .. ... . ..................
. . . . . . . . . . . . . . . . . . . Witness
. ~ . ~. . . . . . . ~!~. . . . . . . . . . . . . .
~ Witness
Itipare flPlou• Th4s /.~nr Rrsr-utd for I.ender and Rttnrderl
STATE OFFLORID/~ , , , , , . , . . St: Lucie . , County ss:
I hereby certify that on this day, before ir~e, an officer duly suthorized in the state aforesaid and in the oounty aforesaid to
take acknowledgements, ~~ona~iy ap~area . . DAmeni cJc . Y.err.io~to. .aad .6nnoie. ,l . . llerr.i atta, . h1s. ~ri f.e.. .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) deacribed in and who ezecuted the
.........•. .... .
and acknowled ed before me that .. thQ ... executed the eame for the purpoae therein
foregoing ~ B --• Y•-••••-
.s,~~ l~~~ l ~ T~
~p Vl~s~'e"~''~° ~1' ~ S + • • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
~~ ~ cial seal in the county and state~esaid thie day of
... ~ '; ';vlre~~; ~, ........... .................. . 1 .. •
~ .
My E • : z-. _ : .
: v;: ' e~of i-los~c~a a! Lr"e ~~
• . V , 1982 ~
' ' ~ ~ ~ • 1,ia:cn 27,
• ^ G/W /
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.~~:- !~k: ' _ _ Notary Pu c
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51'7406
This Instrument Prepared by:
James A. TenEyck
First Federal Savings and Loan
Aasociation of Fort Pierce, Florida 33450
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ni ck Verri ot ~ _ -F ~ - ~
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Bonnie J. Verr t o -8or"""
196! f E3 18 PN ~ OS
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ST.LI•Cif i~;1Y~T.i:A.
ROGErZ POITRA i
CLERIS CI'r.;;WT CCu"n~
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B~'~ 348 Pd~f 2675 - ~
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