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N~~ti U~~F'okH Cc~~'E\A`TS Burrow~er and Lrnder further covenant and agrer a~ fi~ll~~~~,:
` 19. Acceler~tion; Remedies. I.ender shall give notice to Borrower prio~ to acceleration foilowing Borrower's
~breach af any rofenant or agrcement in this Sezurity lnstrument (but not prior ta acceleration under para~traphs 13 and 17
unless applicable law provides otherwise). The notice shall specify: (a) the defQUlt; (b) the action required to cure the i
default; !c) a dste. not less than 30 ds?ys from the date the notice is given to Borrower~ by which the defauit must be cured;
and (d) that f~ilure to cure the default on or before the date specitied in the notice may result in acceleration of the sums
secured by this Security Instrument, foreclosure by judicial p~oceeding and sate of the Property. The notice shall further
inform Borrower of the right to reinstate after Acceleration and the right to stssert in the foreclosure proceeding the non-
existence of s detault or any other defense of Borrower to acceleration and foreclosure. lf the default is not curec~ on or '
before the date specified in the notice, Lend~r at its aption may require immediate payment in fup of all sums seci~red by '
this Security Instrument without further demand and may foreclose this Security lhstrument by judiciat proceeding. ;
I.ender shall be entitled to collect al! expenses incurred in pursuing the remedies provided in this paragraph [9~ includinR,
but not limited to, reasonable attorneys' fees and costs of title evidence.
20. L.ender in Possessian. U~n acceleratian under paragraph 19 or abandonment of the Property~, Lender (b~~ I
~udicially appointed receiver) shall be entitled to enter upon, take passession of and manage the Pro{~rty and to collect the ?
rents of the Propert}• including those past due. Any rents collected by Lender oc the rc.~eiver shall be applird fir,t to j
payment of the costs c~f management oC the Properry and collection of rents, including, but not limited tu, rec~irer's fees,
premiums on recei~~er's bonds and reasonable attorneys' fees, and then to the sums serureci by this Securit~~ lnstruntent. 1
2i. Retease. Upon pay~ment of atl sums secureci by this Security lnstrumenl, Lender shall release this Securitti~
Instrument uithout charge to Borrou•er. Borrow•er sha11 pay any recordation costs. ~ j
22. Attorneys' Fees. As used in this Security Instrument and the Note, "att~rne}~s' fees" shall include an~• attorneys' ;
fce~ awarded by an appellate court. ;
23. Riders to this Security Instrument. If one or more riders are executed by Borro~•ec and recorded together w•ith ~
this Security Instrument, the covenants and agreements of each such rider shall be incor~rated into and shall amend and j
supplement the covenants and agreements of this Security [nstrument as if the rider(s) were a part of this Security~ j
Instrument. (Chc~:k applicabie box(es)j I
` ~ Adjustable Rate Rider ~ Condominium Rider ?--~1 Famil}~ Rider ~
Graduated Pa~~ment Rider J Planned Unit Development Rider
Othcr(s) [sperif}~] j
~
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I3Y Slc;~t`~c; BEl.c~w, $orro acc~ ts and agrees to the terms and corenants ccmtained iR thic Serurity ~
' [nstru nt and in any rider(s execut by~ B rower and recorded w~ith it. ~
~
Si e, sealeci d d i~•e in e e e~: ~
. . / . (Seal) ~
~ . . . ~
RICHARD L. GALETA -sc~•o»e~
~
...~`.-~c-t'.'.,~n«:.....4.-~?~-~~~ ~
(Seal)
-~rrOwer ~
ST:~rt. c~~ Fi.~~Rn~:~. PALM BEACH Count~• ss: ~
1
1 hereb~• rertif>~ that on this day~, before me, an officer dulv authorized in the state aforesaid and in the count}~ '
aforc~aid to take arknoHledgements, personall~~ appeared RI~HARD L. GALETA ~ a~~~~ ~
, to me knoµn to be the person(s) desrribed in and who cxecuted thc
fUregoing instrument and arhnc~wledged before me that he/she executed the same for the u~~ose therein ex-
~ressed. .
,a" a`~..
_ ~R
V1'ITNES~ my hand and offirial scal in thr rounty a statc aforesaid this ,;'da of
January , ~9 90 . ;.~~}_~,;,.,4- y
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`1y Commission expires: { y S,
liOTMY Pt~LIC STAI'E aF fLCjBDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ' ~ ? r . . Y. . .
SStON El~. JIW 2~.1 V93 1 Y
Notan Puhiic
e~T1~~t16fI+ERAI iH$. l~~D. , . " ,
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24. (Continued) Simulta:~eously With the execution of this Kortqaqe, the BorroKer ~
has executed in favor of the Lender a construction loan aqreement relating to ~
the improvements to be made by the BorroWer on the above described property. ~
All of the terms, covenants and conditions of said construction loan aqreement
shall be and are hereMith made a part of this Iiortqage as though set forth at ~ j
lenqth herein, and a breac~ of any of the terms, covenants and conditions in
saic3 construction ioan aqreement constitute a breach of this tiortqaqe.
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