HomeMy WebLinkAbout0961 1S. Go~ecni~ I,ar; Se~estibility. 'lhi.s Seourity Inetn~ment ahall be gavercned by federal la+ and the la+ of
the juriedictim in vhich tt~e Property is located. In th~ ~nt t~at any prwisian or clause of this 5ecurity
Instnment ar the Nate cenflicte ~rith applicable la~r, auh caiflict shall not affect other prwiainne of this
Sewrity Ins[tit~ent or the Note which can be givan effect vitfiout the caaflicting prarisim. To this e~ the
par~wisions of thie Seourity I~tn,~nt sd the Notes are declared to be severable.
16. Borra~e,t'• Cap~. Barraaer ahall be givea ane caifa~ed copy of the Note and of thia Seourity
Inatn~t.
17. ~ras~ec of tbe Yropertj cr a~~+~i~t Iatere~t ia Dac:~aar. If all or any part of the Praperty or
any intereat in it ia sold or traneferred (or if a beneficial interest in Bo~raWer is aold or traneferred by a~d
Bo~rwer is n~t a natural person) without Le~der's prior written caueent, Leder may, at ita opti~on, requue
i~ediste payioa?t in ~ull of all aims seaired by this Secvrity Instn~t. Howee~er, this optian ahall not be
ecercised by Leder if ecerciae is prahibited by federal la~ as of the date of this Seairity Instn~lt.
If Lender exercises this optian, Lender $hall giv~e Bociro~r nntice of acceleratian. ;Itie notice shall
pmwide a periad of mt lees ~n 30 days fr~ the date the notice is delivered or~mailed within ~hich Barra~er
must pay all amoe seoured by this Security Inatn~ent. If Ba~ra+er fails to pey ~ese a~s prior to the
ecpiration of this period. Le~er may inv~oice aay ranedies peimitted by thia Seourity InBtnnment ~rithout furtfier
notice or dena~d aa Ba~r.
L8. ~~t.~n.r~~.+; Time is of the essence herau~der if Barro~er defaults in the per~ocma~ce
or abserva~ce of aay canenaat or abligatian heraaider or £ails to make ary payment due uader the note ac
abli.gatiat aeaured hereby includi~g a~y exta~siAn, rene,ral, modification, ar substitutioia thereof or in the event
a proceeding in bsilcruptcy is inetibuted by or a~ainst the Borrvwer or if the Bo~raWer ehall m~ce an assignnent
for the benefit of creditors or if the property vhich is ena~mbered herauder is placed under the cantrol of or
in the custady of ary caut or if ~e Barra~r shall aba~don this property ~en upon the ocairreoce of ary ane
or m~re of d~e foregomg the Lader shall have tfie right, at its optinn, and without affecting acty righta of the
lender here~nder to declare withaut aotice, all aaes secured herebq, i~oediately due a~d payable ~hetfier or not
such default is aubsequaitly remdied by the Bornnwer. The Laider shall have the right to apply soaq amonnta
teodered b~ the Bo~rrow~r tarard aiy indebte~ness of the Borraw~er to ~e Lender aid the Lmder may, at its optiua
also proceed to immediately foreclose this mortgage and pursue ay acsd all legal or equitable r~adies available
to it and upoa a~ch fareclosure to farce a sale of the ptupPrty e~nambered here~der withwt vaiver of aoiq ri~t
to collect a deficiency eubaec~razt to euch sale. ~
I9. I~eoder ia Posaessi,an. Upon accelerati,ou iurder paragraph 19 or aba~or~ment of t~ Prape~cty, I.ader (bq {
judicially appointed receiver) shall be eatitled to enter upon, take passessian of and maiage the Pmperty and to ~
collect the raita of the Property including t~wse pest due. Any rents collected by Lender or the receiver shall
be applied firat to payment of the costs of managanant of the Pmperty and collection of nents, including, but
mt limited to, receiver's fees, praniuns m receiver's bands and reasousble attonieys' fiees, ~d th~? to the
amms secured by this Seourity Instiument.,
2p. itele~re. Upan peyment of all eimos seoured by thi.s Senirity Instium~t, La~der ahall release this
Sewrity Instnaneat withaut charge to Borrower. Bars~oWer shall pay ary recardation costs.
21. Attoc+ne~a' Fees. Lender ahall be entitled, in caufecti,on with pursuing aQy of its renedies arising
herander, inder the mte seoured hereby, or at l~w or equity to collect all a~ses inasred by it including
but not limited to ressonable attorneys' fees and costs which shall include aay attomeys' fees awarded by an
appellste court.
; 22. BiAers to tbi~s Seo~iq I~t~ent. If one or more ridera are @cewted by Borrwer and recorded
~ togeti~er ~ritfi ~i9 Security Instiument, the cawenants and agreeoents of each aich rider shall be incorporsted
E into and shall ~oerd aid aupplement the cwenants a~d agreements of this Seourity Instn~me~nt as if the rider(s)
; were a par~ of thi.a Sewrity Inatn,mait. [Check applicable bcx(es)l
~ Adjustahle Rate Rider Ca~danini~n Rider
g Plamed Unit Develap~nt RidFr
@
X Otfier(s) [specify] Letter of Credit Mortg,age Rider
SY SI(~IL~IG fiF3~Q,1, Borrower accepts and agrees to the ter~ a~d cwena~ts contained in t3~is Security
Instn~ment and in any rider(s) exewted by Bocrvwpx acd recorded with it.
Signed,~led a~ delivered in the presence of: j
-
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~
WAD~EtL
~ ~ ~,'Yl ~ (Seal )
HARY FI
~
~
STATE OF FLORIDA, St. Lucie Cauiry ss:
a
~
I hereby certify t3~at rn this day, before me, a1 officer ~ly autharized in ti~e atate aforesaid and in the
~ cau?ty aforesaid to take acla~ovleci~nents, peraooally appaared MARSHAIL BitFNT WADI~i. and MAI~Y ELI7A$~IH~WADTF~,i,,
~ hi.s wife, to me knawn to be the persan(s) deacribed in a~d who exeaited the foregoing inatnm~t ad acla~l~
~ before me that they ece~outed the sane for the purpose d~erein expressed. ~
~ .
~ _ . ~ ~
~ WTII~SS my har~d aa~d official seal in the camty axi atate~aid this lst day of April; 19~. " :
~
~ My Ca~iss ion expires : ~ y~ n ~
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. . Notary Pub 1 ic - .
,
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(seal ) ~ - . . - . 3~l il( `#t.)~ P3GE ~ .
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