HomeMy WebLinkAbout0923 are that Borrower: (e) peys Lender all sums which then would be due under this Security Instrument and the Note had
nu acceleration occuned; (b) cures any de[ault of any other covenanta or agreements; (c) pays all e:penses incurred in
enforcing this Security Inatrument, including, bu2 not limited to, reasonable attorneys' fees; and (d) takes such action
es Lender may reasonably require to assure that the lien of this Security Inatrument, Lender's righta in the Property
and Borrower's obligation to pay the sums secured by this Security Instrument ahall continue unchanged. Upon
reinatatement by Borrower, this Security Instrument and the obligationa secured hereby shall remain fully effective
as if no acceleration had occuned. However, this right to reinstate shall not apply in the case of acceleration under
paragraphs 13 or 17. ~
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: ~
19. Acceleration; Remedies. Lender shall give notice to Borower prior to acceleration following
Borrower's breach of any covenant or agreement in the Security Instrument (but not prior to acceleration
under paragraphs 13 and 17 unless applicable law provid~s otherwise). The notice ahall specify: (a) the
default; (b) the action required to cure the default; (c) a date~ not lese than 30 days Prom the date the notice
is given to Borrower, by which the default muat be cured; and (d) that failure to cure the default on or before
the date specified in the notice may result in acceleration of the sums secured by this Security Instrument,
foreclosure by judicial proceeding and sale of the Property. The notice shall further inform Borrower of
the right to reinatate aRer acceleration and the right to assert in the foreclosure proceeding the non- i
existence of a default or any other defense of Borrower to acceleration and foreclosure. If the default is not
cured on or before the date specified in the notice, Lender at its option may require immediate payment in
full o~ all sums secured by this Security Inatrument without further demand and may foreclose this
Security Instrument by judicial proceeding. Lender shall be entitled to collect all eapenses incurred in
pursuing the remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys'
fees and coats of title evidence.
20. Lend~r in Poasession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender
(by judicially appointed receiver) ahall be entitled to enter upon, take possession of and manage the Property and to
collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be
applied first to payment of the costs of management of the Property and collection of rents, including, but not limited
to, receiver's fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this :
Security Instrument.
21. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security
Instrument without charge to Borrower. Borrower shall pay any recordation costs.
22. Attorneys' Fees. As used in this Security Instrument and the Note, "attorneys' fees" shall include any '
attorneys' fees awarded by an appellate court. ~
23. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together =
with this Security Instniment, the covenants and agreements of esch such rider shall be incorporated into and shall ; ~
amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this
Security Instrument. ~Check applicable boa(es)J ~ i
~ Adjustable Rate Rider O Condominium Rider ~ 2-4 Family Rider ,
Graduated Payment Rider ? Planned Unit Development Rider ~
D Other(s) (specify) ~
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security
Instrument and in any rider(s) executed by Borrower and recorded with it.
Sign~d, sealed and delivered in the presence of: '
Qf corporation, affix corporate seal)
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RUSSELL R. SYKES -BORROVVER
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' BARBARA E. SYRES -BORROwER ~
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~ STATE OF FLORIDA
COUNTY OF ST. LUCIE
The foregoing instrument was acknow•ledged before me this 21st DAY OF June 19 85
b~ RUSSELL R. SYKES AND BARBARA E. SYKES, HUSBAND AND WIFE '
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~ y~~'~iErSS'mq~h~nd and official seal in the county and state aforesaid this 21st day of
Y~~~ y~~ _ ,1985 pA AT LARGE ~~d
' '"O"~~~ ~ NOTA;~Y PUGLIC. STAic ~F FIORI ~Q;}~( ~68 PaGE i~
' ~°~~~e~~8' MY COM~A~S~ICN EXPlRfS AP~. 28. i98g
s _ ~v~ 'st`+~~ ~~DED TFiROUGil NIiAOSKI•ASHTON. INC. ~
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, ~~c~;-~~_`~, . NOTARY PUBLIC
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