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HomeMy WebLinkAbout0595 ~ in enforcing this Security lnstrument, including, but not limited to, reasonable attorney's fees; and (d) takes such action as Lender rnay reasonably require to assure that the lien of this Security lnstrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Sec.urity Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17. NON-UNIFORM COVENANT'S. Borrower and Lender further covenant and agree as follows: 19. Accelers~dons; Remedies. I.ender shal! give notke to Borrower prior to acceleration following Borrower's breach of pny cove~ant or agreement in the Security Instrument (but not prior to accelemtion under paragraphs 13 and l7 unless applicabie Ixw provldes otherwise). The notice shall specify: (n) the defs~ult; (b) the action required to cure the deiault; (c) n date, not less thAa 30 days irom the date the notlce is given to Borrower, by w6ich Ihe default must be cured; And (d) that fs?ilure to cure the defAUll on or betore the date spe~ified In the notke may result in Acceleration o[ the sums secured by this Security [nstrument, foreclosure by judlcial proceeding Aad sale of the Property. The notice shall further inform Borrower of the right to reinstate After stcceleratlon s~nd the right to nssert in the foreciosure proceeding the non-eacistence of s~ default or any other defense of Borrower to acceieration ~tnd foreclosure. If the def~ult is not cured on or before t6e ds~te specified ln the notlce~ I.ender At lts optlon may require lmmediate payment in full of all sums secured by this Security Iastrument without further demxnd and may foreclose this Security [nstrument by judical proceeding. l.ender shall be entitled to coilect all expenses incurred in pursuiag the remedies provided in this paragraph 19, includlag, but not timited to, reasoaable Attoraeys' fees rnd costs of tlde evidtnce. 20. Lender in Possession. Upon acctleration under paragraph 19 or abandonment of the Property, Lender (by judicially appointed receiver) shall 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 shail be applied ~rst 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 alt sums secured by this Security Instrument, Lender shall release this Security lnstrument without charge to Barrower. Borrower shall Day 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 [nstrument. !f one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenanis and agreements of each such rider shall be incorporated into and shall amend and suppiement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)j ? Adjustable Rate Rider ~ Condominium Rider O 1-4 Family Rider ~ ? Graduated Payment Rider ? Planned Unit Development Rider , ~J Other(s) [specifyJ ~ BY SIGNII~iG 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. I Signed, sealed and delivered in the presence of: (If corporation, affix corporate seal) i / ' ~ (Seal) D RICHARD CLAASSEN -so[t[towEtt 1 , ~ . . Q~L(.17~,ri.~i ~ ~~___LZ~ (s~) IS aJ AASSEN -BORROWER ~ j 0 f 1021965 ; ~ ~ _ _ '90 JAN 29 P12 :19 ~s~,~ ~ 1T1~-BORROWER i ~ - •1i1 F~~E~~ i~hU t~'"ri`.,, DOUG! A~ ~ !XON , S i t r - - ~s~i? -BURROWER ~ STATE OF FLORID~ , COUNTY OF ~T ~ UCIE The fore ~ • 89it~g ~nstrument was acknowledged before me this day of r G"'~ ,~1~~?~`~~'v ,~~v ~ ".i. - ~ by D.:R~ARI~'~~,CLAASSEN AND LOIS J CLAASSEN, HIS WIFE ~ _ - - ~ . r ~~`~p7~'r?~. r~~, - ,~1~~~~;~ry,~tunn$ and of~eiat seal in the county and state aforesaid. - .•~P::~ ~ ~ ~ ~ ~ , t ~ ~ ~ ~pC~ . Notary Publlc, Stats of Florida st [trg~ , My~coin~c~n expires: Mr Commissioa Expire: Mor. 24, 1991 , J.: ~ l.t~_ (SEAL) NOTARY PU9LIC ~ 60GK fi75 PAGE 595 - ; t~ ~ t ~ - _ _ ~ . .