HomeMy WebLinkAbout289118. Aocele~wtioa; Romedteo. Bscept a~ provided ia parasr~ph 17 hereo~ npoa 8orroMrsr'~ breach o! aa~- ooveau~t or
a~reemont ot Borrower in thb Mort~a~e. iacludin~ the ooveaaab to p~y ~rhea due ao~r wm~ ~ewredby t6i~ Mortt~e, Leader
prior to wcceleratloa shall mail notice to Borrower ~ provided in para~r~p614 heeeat~pscityta~: (1) tbo bra~cb: (Z) the ~ctioa
required to cuw such broach; l3) o d~-te, aot lew thsn 30 d~,~r~ Nrom the d~te the aotk~e L malled to Boreo~rer, by wbicb nich
breach mwt be cured; and (4) that tailure to cure ~ucb breacb oA or betore tbe date ~pociAed in the Aodoe ma,y result ta
aooeleratioa of t6e wau ~ecured by tbL Mort~ase. [oreclwure by judici~l proosedia~ ~ad wle oitl~e Prope~rty. The nMke ~haA
further In[orm Boerower ot the risht to reinstate efter aooeleration wd the ri~ht to ~s~ert in the foreclwure proceedins the
noa-e:i~teace ot w default os ~ny other defease oi Borrower to aoceler~tioa aud [oreclosura lt tGa breach is aot cured oa or
before the date ~pecitted ia the aotice, l.~sadec at Lepder'~ optioa m~y declare aU of the ~unu secured by tbb Yort~~e to be
immediately due and paywble wilhout fucther demand end m~,y foreclwe thl~ Mort~a~e by Jadiclal prooeedia~. Leader ~hdl be
entitied to coltect ia such procee,-ding all experuea ot forecloaure. Includla~. but not llmited to. reawnable attoraey'~ fee~, aad
costs otdocumentary evide~ce. abet~acb and title reporta.
19. Borrower'~ Rl~ht to Relnstate. Notwithstanding Lendei s aoceleratioa of the ~uau ~ecured by this Mort~ey~e. Borrower ~hall have
the ~ght to have any proceedings begun by Lender to enforce this Mortgege discontinued at any time prior to e~-try oi a judgment eaforcit~
thia Mortgage i! (a) $orrower pays Lender all sums which would be then due under this Mosfga~e, the NM~e and aote~ securiat PLture
Advance~, if any, had no aoceleration occurred: (b) Borrower cures all breai:hee of any other covenant~ or a~eemeate of Borrowa oontained in
this Mortge~e; (c) Borrower pa~ys all reasouable enpenses incurred by Lender in enforcing We oovananb and a~ree~nenh of Borrower
rnntained in this Mortgage and in enforcing Lender's remedies as provided ia paragrsph 18 hereof, iacluding. bnt not limited to, reasonabls
attomey's [ees; and (d) Bon~ow~ takes euch action as Lender may reasonably require b assun that the lie~ of this Morfgage, Leader'~ intere~t
in the Property and Borrower'e obUgation to pay the sums secured by thie Mortgage ~hall continue unimpaired. Upoa ~uch paym~t and cun
by Borrower. this Mortgege and the obligatione eecured hereby shall remain in tull foroe and effect as if no aooel~ation had ooaured.
20. Assi~nment of Rents; Appoiatment of Reoeiver. As additional eecurity hereundu, Borrower hereby assigps to I.euder the reats
of the Property. provided that Borrower ahall, prior to acceleration under paragraph 18 hereof or abandonment of the Pe+operty, have the right
to coUect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lender shall be entided to have a reoeiv~ appoiated by a
oourt to enter.upon. take poseeesion of and manage the Property and to coUect the nnts of the Property. includiag those past due. All nnts
collected by the receiver ahall be applied firat to payment of the ooste of manegement of the Property and oollection of r~ts, includin~, but aot
limited to, receiver's fces. p~remiuma on receivrr's bonds and reasonable auoraey'a tces. and then to We sums ~ecured by tbi~ Mort~a~e.'Il~e
reoeiver shall be liable to aoo~unt only for those nate actually received.
21. ~Lture Advances. Upon request by Borrower. I.ender. at Lender s option within twenty years trom the date of this Mortgage, maY
make fi~ture Advanoea to Bormwer. Such I~tture Advanoee, with interest thereon. shall be secund by this Mortgage whai evidenoed by
Mort~ga~g not includi g sums ad anced aocardance herenny'th to protect the~eecaritpy of this Mort8e8e etzceed the etnnginal amo~u~t of the
Note plue U.S.i
22. Release. Upon payment of all eums eecured by thie Mortgage. Iender ahall release thie Mortgage without charge to Bormwrr.
8orrower ehall pay all costa of recordeaon, if any.
23. Attorney's Fees. As ueed in thie Mortgage and in the Note, "attorney i feee ' shall include attorney's fces. if any. which may be
awarded by an appellate court.
IN WITNESS WHEREOF. Borrower has executed this Mortgage.
Signed, eealed and delivered
in the pseeence of:
. ~ ~ -
/~ ~ , ~, , , ~~~4?~:4'-~. . . . . . . . . . . . . . . . (Seal)
...// • •. . .. . ... . ... . ~`
Witness ~'L
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' ' ' w~tn~s
St. LuCie County as:
STATE OFFI.ORIDA . . . . .. . . .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .. . .
~ ~'(j ~; ~. 4 ~;, '~+~ '
~, ;:
I hereby certify that on this day, before ~r~e, an officer duly authorized in the state aforesaid and in the county aforesaid to
take acknowledgements, personally ap~ared . .Robert . J.. . Hi lson_ and .Ca~rql. ,AhQQd .H~.1 SQn.,..bi,~ .~tif~, .. . .. .
......... to me known to be the peraon(s) deacribed in and who exec~ted the
............................................
foregoing instrument and acknowledged before me that ..they . ............ executed the aame for the purpose therein
C7C~ILfB$C'~. ~
WITNESS my hand and`pff'ci seal in the county and atate aforesaid this . . . . . : . . . . . . . .~. .3. . . . . . . • • • • • • • • daY af
' ;f;~ 1M!. . . . . . 19 . .~~- -
........................~~t~~'°~ Es~+~' ~~"r'~ ,
1~iy Commission expires_~~ M,,,,.,i.. i•~ ~~•'~' - ' 1 ,
~ ..~.c•.:::t:•: . . `/ / .
, • ,t,~ ........
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.,~~G''~~ y. e..i.,~s/ j:r f Notary Pu c
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• _ .~ ~ : F . , ~Space /feluu Th~s /.ine Rasv-red F'ur Lendtr and Reeorderl
'r
This Inatrument Prepared by:
Mary Platt
First Federal Savings and Loan
Aasociation of Fort Pierce, Florida :3.`3450
ROBERT J. H SON -~`°"°
~A`~?~--Q. (~~=~. . . . . . .. . . . . . .. . . _ . . . cs~~~
CAROL ABOOD HILSON
1981F~~I9 ~:~318
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SI.L Gf CC~NS f.F;.A.
RCGER PCI?f2~ S
CLE~K GFGJSi -:tU~
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51~515
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