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HomeMy WebLinkAbout1266 . ~i - , ~ ~ Nc~;v-UNIFORM CovENANTS &~rrower and Lender Purther covenant and agree as follow•s: 19. Acceleration; Remedies. Lender shall give notice to Borrower prior to accelerAtion tollowing Borrower's ~ 6reach af any cc?vensnt or agreement in this Security Instrurnent lbut not prior to acceleration under Qaragrapl~s 13 and 17 unless spplicable Iaw provides otherwise), The notice shall specity: (a) the detault; (b) the s~ction reQuired to cure the ' defaulh (c) a date, aot less than 30 days from the date the notice is given to Borrower, by which tl~e default must be cured; ~ and (d) that failure to cure the default on or before the date specifled in the notice may result in acceleration o[ !he sums secured by this Security Instrument, loreclosure by judirial prceeediag and sitle of the Property. The notice shall further inform Bor~ower of the right to reinstate after acceleration aad the rtght to assert in the toreclosure proceediag the non- existence of a deSult or any other detense of Borrower to acceleration snd toreclosure. If the default is aot cured on or before the date specified in the notice, Lender at its option may require immediate payment in ful! ot all sums secured by this Security lnstrument without further demand and nwy foreclose this Security Instrument by judicial proceeding. Ixnder shai! be entitied to collect all expenses iacurred ia pursuing the remedies provided in this paragraph 19, including. but not limited !o, reasonabie sttorneys' fees and costs of title eridence. 20. [.ender in Possession. Upon acceleration under paragraph 19 ar abandonment of the Property, Lender (b}• judicially appointed receiver) shall be entitlecl 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 I.ender or the receiver shall be applieci first tu payment of the costs of management of the Property and colleetion of rents, including, but not limited tci, receiver's fec~, premiums on receiver's bonds and reasonable attorneys' fees, and then to the sums sc~:ured by this Security Instrument. 21. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security I~istrument without charge to Borrower. Borrower shalt pay any recordation costs. 22. Attorneys' Fees. As used in this Security lnstrument and the Note, "attorneys' fees" shall include any attorneys' fees awarded by an appellate court. 23. Riders to this Security Insirument. If one or more riders are executed by Borrower and recorded together with this Security lnstrument, the covenants and agreements of each such rider shall be incorporated into and shail amend and suppiement the covenants and agreements of this Security Instrument as if the rider(s) were a part of 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) [specify] Bti' S~Gtv~N~ BEL(lW, 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. Sign , sealed and delivered i the presence of: ~ f~1Y~1 ~ ~~E~1~ : .~~.Ji~,~. L--.- ........................................................................................(Seal) FRANCIS M. FERRICK -8orrower ~~y~~ ( ~/1~ ` . ~ i . ..~F~~.~ ....`-~~../L.Jt.--..1....1...1..---.... t,..~.........(Seai) ~ ~ LISA M. FERRICK -8wrower STATE OF FLORIDA, County ss: ST. LUCIE i I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county ~ aforesaid to take ackno~vledgements, personally appeared FRAI~CIS M. FERRICK and LISA M. FERRICK, his wife ~ , to me known to be the person(s) described in and who executed the ` fore oin instrument and acknowled ed before me that g g g ~ey executed the same for the purpose therein ex- ~ pressed. i j WiTtvtss my?hand and official seal in the county and state aforesaid this 29th day of ~ JANUARY , 19 g p . ~ My~or~~~on expires: ~ T,,,, ~ ~ ~ . . .~.J'. . . ~ ~ S . ~ ~~Y~~•'~Seal~```. ~ el~f~s Notary P ic . . . . :v~ ~ ~ s s. } ~ W o D~ T' a'~ MOTA~II PUBLIC STATE OF iIORIDA ~ ~~w S~': ~ b Mtl CONIIlSSION EItP. IIAtl S, 1992 y~o~,'•. o' a - BOMDEO ~NRU SE~ERAL INS. UND. ~ ~ ~y~ ~~a~• F - T4~~ ; ' `/~~~Mk+~u~.~H~ • ~ 1 , ~ i 's 4 ~ S ~ ~ t f eooK 675 PAGE12s6 i ~ ~ - - - ~ y , .x ~