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No~•UtviFORM CUVEN~xTS. Borrower and Lender further covenant and agree as follows:
19. Acceleratiaa; Remedles. I.ender shall give aotice to Borrowe~ prior to acceleration following Borrower's
hreach of any covenant ot agreemeat ia this Security Iaatrumeat (but not prior to accele~ation under p~ragraphs 13 and 17
unless applicable law provides otherNise). 'Ibe notice shall specify; (a) t6e default; (b> the action required to cure the
dehult; (c) a date, oot less than 30 daya tron? the date the aottce ts girea to Borrower, by which the defoult must be cured;
and (d) tbat fallure to cute tbe t[efault an or before the dalt specifled in the notice may result in acceieration of the sums
secured by this Security Instrwnent, loreclasure by judicial proceeding aed sale ot tl~e Property. ?~e n~+t~c~ shal! furthe~
iaform Borrower of the rig6t to reiasbte after accektatioa and t6e rigA! to a4sert ia the toreslosure proceediag the non-
existence of a default ar wy ather defensc of Horrower to accelention and foreclosure. lf tbe default is not cured on o~
before tAe date specifled ta tbe notice, Lender at iffi opNon may require Immediate ~yment in full of all sums secured by `
this Security lnstr~meat wit6out further deneand aud may forecl~e t6Ls Security Iastrument by judicial proceeding.
Lender s6at1 be entitled to rnllect sl! e:penses iacun~ed in pursuing the remedies provided in this pars~graph 19, inciuding,
but not limlted to, reasoaable attorneys' fee,s and caets of ti8e e~idence, ~
20. I.ender in Possession, Upon acceleration under paragraph 19 or abandonment of the Property, I.ender (by .
judicially appointed receiver} shall be entitled to enter upon, take pos.~ssion of and manage the Property and to coliect the ~
. rents of the Pmperty including those past due. Any rents collected by I.ender or the receiver shall be applied first to
payment ot the costs of management of the Property and collection of rents, ineluding, but not limited to, receiver's :'ees, i
premiums on receiver's bonds and reasonable attorneys' fees. anc! then to the sums secured by this Security Instrument.
21. Reies~se. Upon payment of all sums secured by this Sxurity Instrument, Lender shall release this Security ~
Instrument without charge to Borrower. Bonower shail pay any recordation costs. ~
22. Attoneeys' Fees. As used in this Security Instrument and the Note, "attorneys' fees" shall inciude any attorneys' ~
fees awarded by an appellate court. ~
23, Riders to this Security Iastrument, If one or more riders are executed by Borrower and recorded together with 3
this Security Instrument, the covenants and agreements of each 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 appiicable box(es)J
? Adjustable Rate Rider ~ Condominium Rider C 2-4 Family Rider
? Graduated Payment Rider Planned Unit Development Rider
~ 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 recordec! with it.
Signed, sealed and delivered in the presence of:
1N WITNESS WHEREOF, Bonower has executed this Mortgage.
Signed, s ed nd delivered
in the pr of:
1..~•~... . . Seal
~ ~ G~ ~~1an~ Lai ( )
j --8ortower
. . . . . . . . . . . ~"lJ. . . . . . . . . . . . . . . . . . . . . .~SCC31~
Cathy W Lai ~Of°""~
~
STATE OF FLORIDA, . . . . . . . . . . . St. • LuC~@ . . . . . . . . . . . . . . . . . . .COllil[y SS:
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the couniy
aforesaid to take acknowledgements, personally appeared. , Alan ,Lai. and ,Cath}, ~I.. Lai, , His, W~~g,
• • • • • • • . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that Ch~Y executed the same for the purpc~se iherein
expressed.
W~Txess my hand and oflicial seal in the county anc! state or 'd this.. .....12 h ....day of
. . . . . . . . . . . . . Ju~e . . . . . . . . . . . . . 19 86 . .
My ~m~iisaidn,~~cQues: ~ ^
tary P~blic, Stat~ of Cr,~„Lrr
t%'.•' Florida. My Commission . . . . . . . . . . . . . . . . . . . ` . . . . . . . .
~~y. Exni.~ Nov. 21, 1987. P"~'~
~ cSVace BNow Tnis Line pes~rvW Fa lend~. snd tt~corderl
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