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HomeMy WebLinkAbout1630 i 4. Govtming Law; Stv~rabllit~?. This Security Instrument and the Note shafl be governed by teder8l law end the iaw ot the jurisdiction in which the Property is located. In the event that any provision or clause of thia Security Instrument or the Note confiicts with applicable law, suc~ cantlict shall not affect other p~ovisions ot this Security Instrument a this Note which can be given eiiect withuui the coniiiciing pruvision. To this enii lha provisions of this Security Instrument and the Note are declared to be severable. 15. Borrow~s Copy. Borrower shall be given one conformed capy of this Secu~ity Instrument and the Note. t 6. Ram~dles Cunulatlw. Lender may exercise ell of the rights and remedies provided ~n this Security InsVu:nent en~ in t~e Note, or which may be availabie to Lender by law, and all auch rights and remedies shall De cumulative end concurrent, and may be pursued singty, successively or together, ai lender's sole discretion, end may be exercised as often aa occaaion fharefor shall occu~. 17. Ev~nb of D~I~ult. Set forth below is a list of eventa which, upon the lapae of the appliceble notice or grace period, if any, constitute "Events of Default." The events are: (1) Borrower fails to pay when due any amounts under t~is Securiy Inatrument a Note: (2) Borrower does not comply with any of the terms of this Security Instrument or the Note; (3) Lender receives actual knowledge that Borrower omitted material information in Borrowers credit application or made any talse or misleading statements on Borrower's credit application; (4) Borrower files for bankruptcy, or bankruptcy proceedings are i~tituted against Barower end are not dismissed within sixty (60) days, under any proviaion of any state or federal bankruptcy law; ( 5) Borrower becomes insolvent or becomes unable to meet his or her obligatio~s generally as they become due: (8) Borrower further encumbers the Froperty, or suffers a lie~, claim of lien, or encumbrance ageinst the Property, except auch liens or encumbrances which are subordinate to this Securiry Instrument; (7) Borrower defaults or an action is filed alleging e detault under any credit instrument or mortflage evidencing or securing an obligation of Borrower with priority in right o! payment over the Note or whose lien has priority over the lien of thia Security Instrument; or (8) Borrower fails to keep any other covenant contained in this Securiry Insirument or in the Note. 18. TranstK of iM Prop~rty. N all or any part of the Property or eny interest in it is sold or transferred (or if a benefiaal interest in Borrower is sold or tra~sferred and Borrower is not a natural person) without Lenders prior written consent, lender may, at its option, require immediate payment in full cr all sums secured by this Security Instrument. However, this option shall not be exercised by Lender ii exerase isprohibited by federal law es of the date of this Securiy Instrument. I f Lender exercises this option, Lender shall give Borower notice of acceleration Tha notice shall provide a period of not less than 30 days from the date the notice is delivered or maiied within which Borrower must pay all sums secured by this Security Instrument. Ii Borrower tails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instnment without furthe~ notice or demand on Borrower. 19. Accol~radon; R~m~dios. Upon the existence of an Event oi Default, Lender may, at its sole option, declara all sums secured by this Security Instrument immediately due and pay~le without further demand, and invoke any remedies permitted by applicable law_ Lender shall be entitled to collect all reasonable costs and expenses incurred in pursuing tha remedies provided in this paragraph 19, including, but not limited to, reasonable attorneys' fees. 26. Lendtr in Pws~sslon. Upon acceleration under paragreph 19 or abandorment of the Property, Lender, (by judicially appointed receiver) shall be entitled to entar 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 shall be applied first topayment of the cost of management ot the Property and collection of rents, including, but not limited to, receiver's tees, premiums on receiver's bonds and ressonable attorney's fees, and then the sums secured by this Security Instrument. 23. Releass. Upon payment of all sums secured by this Securiry Instrument, Lender shaY release this Security Instrument without cherge to Borrower. ' Borro~rer shall pay any recordation costs. _ ~>2. 71me of Est~nee. Time is of the essence in this Security Instrument and the Note. RE~UEST FOR NOTICE OF DEFAULT Ei,•~FiLE ~ ~ -^:H! AND FORECLOSURE UPIDER SUPERiOR i=Ri~F'r~~E-~Ei :-i~ • : I~-r~r,~=.l}~•;~F ~~E.~;,~` MORTGA~iE80RDEEDSOFTRUST rH~:I-TIh~E f~:~i.l,,:E~t:~ 3 - ~ f=' . . NO i: 4:-~"%~:?'?-; ; ~ T . ! .F~' ~~?Ei;'rFiL. = F L . 3=+~:~ Borrower and Lender request the holder of any mortgage, deed of'trust or other encumbrance with a lien which has priority over this Security - ! r. st ru ment to give Notice to Lender, at Lender's address set forth on page one of this Security Instrument, of any defauft under the superior encumbrance ~ I~ ~ r~ of any sale or other toreclosure action. ~ B Y S I G N I N G B E L O W, 8 o r t o w e r a c c e p t s a n d a g r e e s t o t h e t e r m s an d c ov enant s contained in this Securi ty Instrument and in an y rider(s) executed y ~ ~ Borrov~er and reCOrded with it. _ S yned, sesled and delivered in the ~:resence of: " ` 4 ~ ~ 3 ` ~ ~~~~~r'Gt.v ~ cs~~~ s ~ ~ i 1 !.!i=,~_ TEti ~F ~'r ~('.F; -Borrower ~ $ ~ r~1, ~ ~a 3~9d ~see~~ ~ ~1;=if-:' i' (Ji=:E -Borrower (Seal) -Borrower '90 3 cs~o -Borrower ~ -ATE OF FLORIDA ~ f ILC . '_~1 ~ t::`_ . ; ~ _:OUyTYOFI..~~t-TZI~ ~~~JI~L~~ ~,Xv~+ 1 ss: j i L U.. :~i ; ~ i v I hereby certify that on this day, before me. ~n officer duly authorized in the state aloresaid and in the county aforesaid to take acknowledgements, ~ I.f-,l i~F ~`~_iiit='E "r`?t.;Tl ~~1itiF; ~ i. t'vC~:E _ . sonaily appeared ~ me known to be the person(s) described in and who executed the toregoing instrument snd acknowledged betore me ihat executed • e sarne tor the purpose expressed therein. Witness my hand and ofticial seal in the c~turty and state atoresaid this dey of .~g : • ~ ~ ` ~jy~tx.~oe-c~J ~ ~ • r I~-^ . - ~ tary Public _ ' ~ f` `1'~'' r _ 3~~'~~~,,;.~ My Commission Expues;. - ;~;~~,...~~Gg-" _ . ~ -~.n~.~s P ~ 3,~ , . r::--- .r •an •~t rrs~~R~u o~a~ , • ~ ~ ~ ptt~t wr •n~ ~otlitwo~ ~ ~~'p~~(~~' ~ fplrot! !0 Il~tf ~t1iM OL~ ~n ~ :*:~"tiT F ~W ~ r' P.~.3 a 3 ~ BOQK~~~ PAGE~ . . . ~ GF FL50714-C 2-~9 (FBM3) _ . _ . _ _ ~t _ - - ~ _ . - ~ . ~