Loading...
HomeMy WebLinkAbout1362 . ~ 18. Rehabilits~t~on Loan Agrerment. Borrowe( shall fulftll al! of Bortower's obligations under any home rehabiGtation, improvement, repair, or other loan agreement which Borrower enters into with L.ender. Lender, at Lender's option. may require Borrower to cxecute and deGver to Lender. in a form acceptable to L,ender, an assignr~cnt of any rights. claims or defenses which Borrower may have against parties who supply labor, materials or services in connection with improvements made to the Property. 19. Accelemdoa. !f a default shall occur under tht Note or hereunder and remains uncured for thirty (30) days or more, then. without notice, the full unpaid principal balance of th~ Note together with all acerued interest shall become immediatety due and payable at the option of the Lender as fully and completely as if said aggregate sum were originally stipulated to be paid at such time whereupon the Lender may foreclose ihis Security Instrument by judici~l proceedings. Provided that the aforesaid thirty (30) day curative period shall not apply to any default under paragraphs l3 or 17 nor to any default due to the institution of proceediags for the foreclosure or collection of any mongage, judgment or lien that affects th~ Property. I.enda shatl be entitled to oolloct all acpenses incurred in connection with any foreclosure proceedings including, but not Gmited to, reasonable attorneys' fces and cost of title evidence. 20. Lender In Pos~sioa. Upon acceleration under paragraph 19 or abandonm~nt of the Propert~?. L.ender (by judicially a~pointed receiver) shall be entitled to enter upon, take possession of and manag~ the Proper~y and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and coUection of rents, including, but not limited to receiver's ~ fees, premiums on receiver's bonds and reasonable attorneys' fees. and then to the sums socured by this Security lnstrument. 21. Rek~se. Upon payment of all sums secured by this Security Instrument. Lender shall release this Security Instrument without charge to Bonower. Bonower shall pay any recordation costs. Z2. Attorneys' Fees. As used in this Security Instrument and the Note. "attorntys' fees" shall include any attorneys' fees awarded in connection with any post-judgement, appellate and bankruptcy proceedings. 23. Riders ta th~s Security Instrumrnt. If one or more riders aze executed by Borrower and recorded together with this Security Instrurtxnt, the covenants and agreements of each such rider shall bt incorporated into and sha11 amend and supplement the covenants and agreements of this Security Instrument as if the rider (s) were a part of this Security Instrument. [Check applicable bax(es)j Condominium Rider ? 1-4 Family Rider O Planned Unit Development Rider O Other(s) [specify~ 2d. Adjusiabk laterest Itate. In the event that this Security Instrument secures a Note that contains an adjustable interest feature. recordation of this Socurity Instrument constitutes record notice that the foregoing may restilt in increases in the interest rate of the Note. This Security lnstrument shall secure all sums incident to the foregoing as if all such sums were advanced by lender to borrower on even date. 25. Future Advances. In addition to the Note, this Security Instrument shall also secure future advances made by the Lender to the Borrower. which futwe advances shall be at the option of the Lender; however. the maximum principal amount secured by this Security Instrument shall not exceed twice the stated principal amount of the Note. ~Y ~ii,IviNi, BEL~W, Borrower accepis anei agrees io the terms and covenanis contained in this Security In~i~uri~ent ~ and in any rider(s) executed by Borrower and recorded with it. ~ ~ Signed, sealed and delivered in the p nce of: ? (I o ration, affix orpora ) ' , ~ . (SEAL) ~ ' orot y Coop -BORROWER ' f ~ ` ~sEAL) -BORROWER ' I i (SEw[.) ~ -BORROWER ~ ~ ~sE,~u.~ ~ -BORRUWER i ~ ST'ATE OF FLORIDA ~ COUNT'Y OF St Lucie The foregoing instrument was acknowledged before me this 22nd day of January, 1990. € ~ by Dorothy Cooper, an unmarried person j WITNFSS my hand and official seal in the county and state aforeaid this ~,ir,~ day of ~ ~ •19~u ' My. 'ssion x~ires: MOTARY PtfBllC STATE OF FLORIDA ~ M1' COMIISSION EXP. SEPT.7,1993 {SE"I~L- TNRU fENERqL INS. UHD. ~ ~ NO RY PUBLIC . - ~'.~r~ ~ .i'. ~ ~ ~ I ~j R ~ ~ ~ ~ ~ ! F 6oR~ 6r15 :~a~E1362 ~ ~ ~ - _