HomeMy WebLinkAbout0928 Nc»-U~IFORM Covttv~t~ fs &~rrower a~~d Lendcr funher covenant and agrrr a+ fullu~
19. A.celerstion; Remedies, l.endsr shdl give aotice to Borrower prior to acceleratio~ tollowing Bo~rower's
breach of u?y corenant or agrcemeAt in this Security instrument (but not prior to acceleration unde~ ~arag~aphs I.S and !7
un{ess applicable taw pro~Ides otherwist). '1'he notice shail specify: (a) the default; (b) the action required to cure the
detautt; lc) a date, aot less tt~.an 30 dnys fmm tke date tke aottce Ls given ta Horrower, by whlch the default must be cured;
and (d) that hilure to cure tl?e detault oa or before the date speci8ed in the notice may result in accelention of the sums
secured by tbis Security lnstrumeat, toreclosure by judlcial proceeding and sale oi the Pruperty. The notice shall further
inforrn Borrower of tbe ~ight to relnstate after acceleration and the right to assert in the foreclosure proceeding the non-
existence of a default or any other defeose of Borro~er to accele~ation and toreclosure. If the default Is not cured on or
before the date specified ia t6e notict, I.eader ~t its optton may require immrdlate p~eyment in full of all sums secured by ~
this Security lnstrumeet without further dediand and nwy toreclose ihis Security Iastrument by judirial proceeding.
Lender shall be entitled to collect dl expenses incurred ia pursutng the remedies provided in this paragraph 19. including.
but not lia~ited to. reasoaable aKoraeys' fees and costs ot title evi~ience. ;
20. Lender ie Possessioa. Upon acceleratinn under paragraph ;9 or abandonment of tne Properiy, Lender (by ~
judicially appointed receiver) shall be entit?ed to ~nter upon, take possession of and manage !he Property and to collect the
_ rents ~f the Property including those ~ast due. Any rents collected by Lender or the receiver shatl be applied first to
pa?:~nent nf the c:~sts of management of the Proreny and collection of rrnts, including, but not li~ited to, re.;eiver's fees,
premiums on rtteiver's bonds and reasonablt attorneys' fees, and then ta the sums s~.ured b~~ this Scrurity [~ctrumi.~~t.
21. Release. Upon payment of all sums srcured by this Security Instrument, Lender shall release this Security
lnstrument without charge to Borrower. Bonower shall pay any recordation costs.
22. Attorneys' Fees. Ac used in this Security Instrument and the Note, "aitorneys' fees" shall include any attorneys'
fees awarded ~y an appellate caurt.
23_ Riders to this Seeurity Instrument. If one or more riders are executed by Borrower and recorded together with
this Se~.urity Instrument, the covenants and agreements of each such rider shail be incor4wrated into and shall amend and
supplement the covenants and agreements of this Security lnstrument as if the rider(s) were a part ot this Securit}•
Instrument. ~Check applicable box(es)j
Adjustable Rate Rider Condominium Rider ~ 2-~ Family Rider
? Graduated Payment Rider ~ Planned Unit Development Rider .
? Other(s) [specifyJ
BY SIGNING B~~ow, Borrower accepts and agrees to the terms and covenants contained in this Security
Instroment and in any rider(s) executed by Borrower and recorded with it. '
Signed, sealed and delivered i~ the presence of:
IN WITNESS WHEREOF, Borrower has ezecuted this Mortgage.
1
Signed, seale an iivered / .
in the prese ce ~
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C S R. SUTTON --Bw.or?s? _
. . . . ' . . . . . . . . .N ! . . . . . . . . . . . . . ~ . . . . . . (Seal)
CAROL A. SUTTON -~rowa
STATE OF FLORIDA,... ....St., Lucie . . .COUnty SS:
I hereby certify that on this day, before me, an officer dul authorized in the stZte aforesaid and in tbe county
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aforesaid to take acknowledgements, personaliy appeared. , C arles. R., Sutto~i_ and Carol, A., Sutton~. _
. . .W~~€ . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the
fore~oing instrument and acknowledged before me that they, executed the same for the purpose therein
exptessed.
.=t ~ _
W»ESS my hand and ofI:cial seal in the county an stat aforesaid this. 12th , .day of
~;U:~: . ~~e~~t . . . . . . . . . . . 19 86 . . . . . . . . .
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