HomeMy WebLinkAbout0942 Nc~;v•Uti1FC~K~t Ctwi:'~,~'~TS [3orru~~er an~l l.en?ler furthcr «?~•rn:st:t and agrr~ a~ f~ilt~~w `
19. Aceeleration; Remedies. l.ender shall glve notice to Borrnwer p~ior ta aceelerutiun folloHing Ijc?rrc~HCr'~ ~
bresch ot any euvenant or a~reement in this Security lnstrumtnt lbut not p~Io~ to acreleration under paraRraphs t3 and i ~ ~
unless applicable law~ provides ntherwise). "I'he notice shall spertify: (a) Ihe defautt; tb) ttic ar.tion rcquired tc~ cure thc
defnult; ic) a date~ not less than 30 days from the dnte the notice is kiven to Borrower~ by Nhtch thc detault must be cured; ~
an~i (d) that failuce to cure the defautt an or before the date specified in the nottce may result in acceleration uf the sums
secured by~ this Sccar6ty Instrument, foreelosure by Judicial proceeding and sale of the E'~opert~~. The nntice shall turther
inform l3c~rrower of the rlghi to reinstate after uccele~ation und the riRht to assert in the fGreclosure proceedin~ the nor2•
existenc.. of a default or eny other defense of Bor:o~~er to aceeleratinn and toreclosure. tf thr ~iefault is not cured an or
before the date specified in the notice~ l,ender at its option may require immediate payment ir~ tull of all sums sccured b}•
this Security [nstrument without iurther demand and may foreciose this Security Instrurnent b~• judiciul proceedln~;.
i.ender shati be entitled to cotlect alt expenses incurred i~ pursuing the remedies provided in this paragruph 19, includin~;~
but not limited to, re3sonable attorneys' fees and costs of title evidence.
20. I.ender in Yossession, l3por~ acceleratiun under p;iragraph l9 ur ab.fll(~Ollllll'l)l <?i the Pro~krt~•, Lend~r (b~•
judicially apjx~inted receiver) shall bt; el~tilled to entrr upon, take possession of and m.inagc Ihc Nm<<rty and tu callert thr
rents ot the Property including thoie r~ast due. Any rentti colleried by Len~ie~ ~~r the rerci.er tih~til hc .irpticd tic~t to ~
paymeni of the cosis t~f managemenl oP thc Praperty and coliection ot rents, including, hut not limited tu, recei~•cr'~ frrs,
~remiums on receiver's boncts und reasoi~abte attorneys' fees, and tt~~:r~ to the sums secured by ~t~is Srcurity In~Irumrnt. ~
2L Retease. ll~n pa~~rne~u of aU sums secured b~~ ~his Securit~~ inslrument, Lrnder ~hall relea~e thi. Se~urit~~
lnstrument without charge to ~3orra«~er. Bc~rrower shall pay atly recordation cost~.
22. Attorne}~s' Fees. As used in this Scrurity~ Instrument and the Note, "aUorne~~s' fccs" tihall inclu~ie a~~~• atu~rne~~.'
fees a~~~arded by ,~n appellate court.
23. Ridcrs to this Seeurity Instrument, lf one or more riden are executed hy I3orro~~•er and rec~~rded t~~grther w~ith
this Securit}• Instrumenl, the co~~enants and ~greements of each surh rider shal! br incorpc~rated intc~ and ~haH ai?~ei~~ anei ~
~upplemcnt the co~•enants and agreeme~its of this Security Instrument as if the ridcr(s) «ere a~,irt ~;f lhis Seruril~~
Instrument. [Chrck applicabte box(es)]
~ ~ Adjustab!e Rate Rider 1 Condominium Rider _ J 2--t Family~ Ricl~r
['j Graduated Yayment Rider J('lannrd Unit De~~elc~pment Ride?
'~l Othcr(s) [`recify)
13~' Sic;~l~c; E3E(.Ow, i3orrc~a~er accepts and agrees to the terms and co~~enants rontainrd in Ihis Securit~•
Instrument and in any rider(s) executed by li~~rro«~er and reccxded with it.
d, sealed and deiivered in the presence oE
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~ b~ie R. YO -Bo~~oNe~
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~ STATE OF FLORIDA
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= ST. LUCIE COUNTY
_ 1 hereby certify that on this day, before me, an of~icer du{y authorized in the state aforesaid and iq the ~ounty aforesaid io take
acknowledgements, personally appeared ........JA~'I~S .5....XQ~1~I~i. a~d_ _DEB$ZE. R. _ YOUNG_,..his, wife
~ to me known ta be the person (s) described in and who executed the forsgoing instrument and acknowledged
_ before me that ......#~~y......... executed the same for the purpose therein expressed.
' WITNESS my hand and o~cial seal in the county and state aforesaid this P2ind........................................~......................day
of.......December . 19...87..
F ~ ~
I14y Commission expires: ~t~ `~5 `~O ,
ISeaO . . . . . . . . . . . . . . . . . . . . Natary Public . . . . . . . . . . . . . . . . .
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_ PREPARED BY: HF~RBOR FEDERAL SAVINGS ~ LOAN
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- • P. O. BGX 249
FORT PIERCE, FL 33454
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