HomeMy WebLinkAbout289518. Acceleratioa; Remedie~. B~cept u provlded lu paea~rwph 17 be~eol. upoa Bocro~-~r'~ bsewcb o! way ooveaant oe
a~reemeat ot 8orrower ia thb Mart~~e. includins the ooveauit~ b pa~r wha~ due aay ~um~ secured by thl~ Yort~a~e.l.eadee
prlor to sa~elerwtloa ~be11 msll notioe to 8orrower u provlded Ia para~rapb 14 bareot~psdtyta~ (1) the bre~cb; (Z) tbe wctlon
required to cure wch breach; ls) a d~te, aot lew than SO da,r~ Q om the date the uotios b mdled to Borrowrsr. by wrbich wch
bre~c6 mwt be cured; aad (4) that twllure to cure ~ucb breach oa or befoee the date ~peclAed in We aoUcs my- re~wlt in
aoosleratioa of the swaa ~ecured by thi~ Mortr~e. toreclwure by )ud1cW prooeedla~ ~ad ~ale oithe Property. T6e aotioe ~hall
fY~rther Intorm Borrower ot the ~i~ht to reia~tate aRer ~coeleratiou aod tbs ri~ht to w~aert ta the foreclosure prooeedta~ the
noa-e:I~teace of a detsult or any othe~ defe~ue ot Borrower to ~oceleradon and foreclosure. It tbe breacb i~ not cured oa or
before the dwte ~peciAed ta the ~otlca, Leader at I.ender'~ optloa mw1- decl~re all ot We aims ~ecured by t6L Most~a~e to bs
imme3istely due aad payable without fY~clher deea~ad and mwy foreclose thi~ Mort~~e b~- judicial prooeedi~t. l.eader ~hall be
entitled to collect in su~h proi,~ecdi~~ all e:perue~ ot foreclwure, ipcludin~. but aot limited b. re~onabie wttorney's [ee~. aad
costs ot documeetary evidenoe. ab~tract~ wed title report~.
19. 8orrower'~ Rl~ht to Relnstate. Notwithstanding Lender'~ aooeleratioa of the ~nm~ sec~ued by this Mort~age, Borrower ~hall have
the right to have any prooeedin~s begun by Lender to entoroe this Mortgage di~coatinned at eny time ~iar b~-try of e jad~ent enfoscin~
this Mortgage if; (a) Borrower pay~ Lender all ~uma which would be thea due wider thir Mort~~e„ the Note wd note~ ~ecuria~ I~Lture
Advanc~s. if any, had ao aoceleration occurred; (b) Borruwer cure~ all breaches of any oth~oovenanta or ~rsemenb of Bonowar contained in
thia Mortgage; (c) Borrowar pqy~ all reasouable e:penses incurred by Leader ia eaforcing the ooveaant~ and a~nemeat~ of Borro~rer
oontained in this Mortgage and in eaforcing Lender's remedies as provided in paragraph 18 hereof. inclndia~. but not Umited to. ree~onebls
attorney's fees; and (d) Borrower takea such action as I.ender may reasonably require to aanre that the li~ of this Mor~e~ge, Leader'~ intered
in the Proparty and Bormwer's obligation to pqy the eums secund by this MortgaQe shall oontinae unimpaired. Upon ~uch paymeat aad cura
by Borrorver. thi~ Mortgage and the obligetiona secured hereby ahall remain in full foroe and eftect a~ if no acceleration had oavrred.
20. A~si~ameat o! Renta; Appointmedt of Reoeiver. As additional ~~ty nereunder, Borrow~ hereby ewigru to Lead~ tbe ren4
of t1,e Property. provided that Borrower shall. prior to aoceleration under paragreph 18 hereof or abandonment of the Prop~ty, have the right
to coUec! and retaia such rents a~ they beoome due and payeble.
Upon acceleration under paragraph 18 hereof or abandonment of the ProQerty. Lender shall be eatided to have a rectiver appointed by a
aourt to enterupon, take poasessioa of and manage the Property and b ooUect the renb of the Prop~ly. including Wo~e pad due. All reab
coUected by the recxiver shall be applied first to payment of the ooste of manegem~t of the Property and oollection of rents, includin~, but not
limited to. receive~r's fces. premiums on reoaver's bonds and nasoaable attomey's tees, and then b the sum~ secnred by Wi~ MortgaQe. The
reoeiver shall be liable ~o acoount only for thoee rente actnally reoeived.
21. fi~ture Advances. Upon request by Borrower. Lender. at I.ender's option within twenty years firom the dab of this Mortgege. inay
make I~tnte Advaaca to Borrower. Such I~ture Advanoee, with ~nterest thereon. ehe11 b~ secured bY ~ MOi~B°(t° ~"'h°a evidenaed by
promiesory noLes stating that said notes are eecured henby. At no time ahall the priacipal emount of the iadeM,ednea sec~red by this
Mortgege, aot including sums advanoed in accordaaoe herewith to protei.K the security of thie Mortgage, esoeed the ori6inal amount of the
Note plue U.S.i ~P
22. Release. Upon payment of all sums secured by thie Mortgage. Lender shall nlease this Mortgage without charge to Borrorrer.
Borrower shall pay all costs of recordation, if any.
23. Attorney's Fees. As used in thia Mortgage and in the Note, "attomey's fees" ahall include attorney's fees, if any. which may be
awarded by an appellate rnurt.
IiV WITNFS.S WHEREOF. Borrower hae executed this Mortgage.
Signed, eealed and delivered
in the presence of:
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Witnesa
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Witness
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'~E N ~tD'H'. 'H ER' _~.n...~
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...........................(Seal)
ELAI FIANNEft -~-Q
STATEOFFLORID/~ ....... ...........S~....~.U~1.e............. COIIflLy 88:
I hereby certify that on this day, before irie, an officer dul suthorized in the state aforesaid and in the oounty aforesaid to
take acknowledgementa, peraonally appeared . . . . . . . . ~EON~RD _H ._ ,NANNER. and. ELAI NE . HANNER,_ .hi s , wi fe i , , . , _
. . . . . . . . . . . . . . . . . . . . to me known to be the peraon(a) described in and who ezecuted the
.................................
foregoing inatrument and acknowledged before me that ..... theY. ,.,,...., executed the same for he purpoae therein
expreased. /
WITNESS my hand a~n °ffi seal in the rnunty and atate aforeaaid thie . . . . - • • • - • • l . • • • - • • • • • • • • • - • • • • • day of
. . . . . . . . . . . . . . . . . . . . . . . . . : / : .~~~c~e~ZLf . . . . . . - • - - - . , 19. $ . ./..
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~ic. State ol pwid~ ~! LHqe - .
:Viy Commission espires: ~ Nor. 15. 1^82 . ,
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Thili Inatru~~ent Prepared by:
Thomas H. Henson
/Spact He~G~u• Th~s I.~nt Rrsni~td for Ltndt- and Rtcvrdtr%
First Federal Savings and Loan
Association of Fort Pierce, Florida 33450
Na~,~ r u~
1961 f~~ I 9~:; 3 I 3
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