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HomeMy WebLinkAbout0945 Nc~ti-UtiIFORwt CovEtiAyTS ~Borrower and ~,ender further covenant and agrce as fi~llow s: 19. Acceleratian; Remedies. Lender shall~ give notice to Borrower prior to acceleration following Borrower's breach of any covens~nt or agreement in this Security Instrument lbut not prior to acccleration undcr paragraphs l3 and 17 unless applicable law provides otherwisel, Tfie notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date. not less than 30 days from the date thc notice is givea to Borrower, by which the default must be cured; and td) that failure to cure the detault on or before the date specified ia the notice may result in acceleration of the ~ums secured by this Security Iastrument, foreclosure by judiciAl proceeding and sale ot the Property. Tfie notice shall further inform Borrower of the right to reinstate after acceleration and the right to assert in the foreclosure proceeding the non- existence of a default or ~ny other defease of Borrower to acceieration a~d foreclosure. lf the default is not cured on or before the date specified in the notice, Lender st its option may require immediate pay~ment in full ot ail sums secured by~ this Security lastrument without further demand and may foreclose this Security Instrument by judicial proceedin~. i.ender shal! he entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 19~ including, but not limited to, reasoneble attorneys' fees and costs of title eridence. 20, Lender in Possession, Upon acceteration under paragraph 19 or abandonment of the Pro~rt~, Lender (b~ ju.~icially app~inted receiver) shall be entitled to enter upon, take possessi~~n c~f and manage the Propertp and to collrrt the rents of the Property including those past due. Any rents collected by Lender or the receiver shali be applied fint to payment of the costs of management of the Property and collection of rents, including, but not limited tu, rc~ei~•er'ti frc.~, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums securc~i b~~ this Security Instrument. 21. Retease. Upon payment of all sums secured by this Security Instrument, Lender sh:~ll release this Serurity lnstrument without charge to Born~wer. Borrower shall pay any recordation costs. 22. Attorneys' Feec_ Ac ucecl in thic $ernrity inctriimPnt an~1 the Note, "attorney~ f~~PC" chall inch!d~ ttt~)' ~lto~!~e!'s' ¦ fees awarded by an appellate court. 23. Riders to this Security Instrument. lf one ~r more riders are executed by Borrow~er and recordeci tugether w~ith this See:urity [nstrument, the covenants and agreements of each such rider shall be incor~rated into and shall amend and supplement the covenants and agreements ot this Security Instrument as if the rider(s) w~ere a part ot this Security Instrument. [Check applicable box(es)] _ X~ Adjustable Rate Rider J Condom~nium Rider J 2-~3 Famil~~ Rider _ (J-' Graduated Payment Rider ~ Planned Unit Development Rider Other(s) [specify] DUE ON FtIRTHER ENCUMBRANCE RIDER RIDER TO NOTE BY SIGNING BEl.ow, Borrower accepts and agrees to the terms and cavenants contained in this Securit}~ Instrument and ~n any rider(s) executed by Borrower and recorded with it. Signed, sealed and delivered in the presence o(: . • ` ~-(Seall . . . . . MICHAEL A . SUCATO -~~~o»e~ . ........csea~) ~ :..../L~... . . ...----Q. . MICHELE A . WILLIAMS -B~~,oNe~ S TATE OF FLORIDA, ST. LUCIE Count~~ ss: ~ I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county ? aforesaid to take acknowledgements, pers~nally appeared ~ICHAEL A. SUCATO, a single adult and hiICHELE A. `~IILLIAMS, a single a~ult i , to me known to be the person(s) described in and w~ho executed the i foregoing instrument and acknowledged before me that they executed the same for the ~urpose therein er- i~' pressed. s ~ ~ WIT~v[SS my hand and official seal in the county and state aforesaid this 13th day~ of _ MARCH , 19 85 . . ~ ---7 ~ ` ~ ~iy Commission expires: ~ ~ . . . ~ . / . ~r~~.,l. . . . . . . . . . . . . . . . . . . . ISeal) I Notan Puhlic ~ pr f~Q ~ ~ ~ ~t ' ' ~ - RCBtMElTE t~ ~ ~ ` '~,3 ~ Uf` ~~`~~v ~ 4 r ~ t~ n~~; t~.19Ba Mr r~MK:~s?-' E w?~ twc, ~MO. - bONOEG tHRU r t ~ 3 ~ Y ~ ~ ~ § ~ ~ ~ A ~n an`~ ~~u ~acE ~.5 ~ . ~ . ~0'~~59 Pa~ 8~ ~ ~ ~ ' - - ~ ~ ,