HomeMy WebLinkAbout0992 No;~-UNltattM Cc~vE!~nhTS Borrower and Lendrr further eo~enant and agrc~ 3~ folluHS:
19. Acceleration; Remedies. Lender sha11 gire notice to Borruwer prior to Arceleration fullowing Barrower's
breach ot any covenant or agreemeat in this Security lnstrument lbut not prior to acceleration under paragrs~phs 13 and 17
unless appticable la+? provides otherwise). The notice shali specify: (a) the defAUlt; tbl the action requir~d to cure the
default; (c) a date, not tess than 30 days from tbe dnte the notice is given to Borrower, by which the default must be cured;
and (d) that failure to cure the tlefauit on or.Defore the date speciRed in the notice may result in acceleration of the sums
secured by this Security Inst~ument, foreclosure by judicial proceeding nnd sale of the Property. The notice shall further ~
in(orm Bo~rower of the right to reinstate after acrele~ation and the rig6t to assert in the foreclosuee p~oceeding the non- ~
existenre of a default or nny other defense of Borrower to acceleration And foreclosure. If the default is not cored on or ;
before the date specified in the notice, LeAder at its option may require immPdiate psyment in full of all sums secured by 1
this Security lnstrument without furlher demand and may foreciose this Security instrument by judiciai proceeding, ;
Lender shaU be entitled to collect a!1 expenses iacurred in pursuing the remedies provided in this par~graph 19. including,
but not limited to, reasonable attorneys' fees and costs ot tide evidence. ~
20. Lender in Possession, lJpon acceleration under paragraph 19 or abandonment of the Property, Zender (h~~
judicially appointed receiver) shatl be entiNed to enter upon, take possession of and manage the Property and to a~llert 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 tu, rc~ei~•Nr'ti fers,
premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums serured by thic Se~;urity Instrument. '
21. Release. Upon payment of all sums secured by this Security Instrument, Lender shal! release ihis ~c~urit~~
Instrument without charge to Borrower. Borrower shall pay any recordation costs.
22. Attorneys' Fees. As used in this Security lnstrument and the Note, "attorneys' fees ' shall include an~• auurne~~s'
fees awarded by an appellate court. ~
23. Riders to this Security Instrument. If one or more riders are executed by Borrower and rec;orded tugether w•ith
this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and ;
supplement the co~•enants and agreements of this Security Instrument as iP the rider(s) were a part of this Serurit}~
Instrument. [Check applicable box(es)J
_ ~ Adjustable Rate Rider ~ Condominium Rider 2-1i Family Rider _ '
Graduated Payment Rider Planned Unit Development Rider 4
~ Other(s) [specify] F
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BY SIGNING BE~ow, Borrower accepts and agrees to the terms and co~~enants contained in this Security
Instrument and in any rider(s) executed by Borrower and recorded with it.
\~s~ed an rve in the presence of:
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E WILLIAMS -9o~rowe~
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-so.,owe,
JO TA WILLIAMS
STATE OF FLORIDA, ST . LUCIE COUII[y Ss:
1 hereby certify that on this day, before me, an ofCcer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared LORENZO WILLIAMS, Esquire and
JOVITA WILLTAMS, his wife , to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before rr~e that they executed the same for the purpose therein ex-
pressed.
V~1TNESS my hand and official seal in the county and state aforesaid this ~ day oF
Au~~`st , 19 85 .
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