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Nt~ti UtvtFC~R~1 Cc~vEtiAtiTti Borrc~wer and Lender further covenant and agree ati foilow~:
19, Acceleratioa; Remedies. Lender shall give notice to Bor~ower prior to acce{eration following Borrower's
breach of any covensnt ar agreement in this Security lnstrument (but aot prio~ toaccele~~?tiu~ uade~ paragraphs 13 and l7
~~~~c~ ,~pp+icroir irw provides o[eerwise). 1 he not~ce shall specify: (a) the default; Ib) the stction required to cure the
default; (c) a date~ not less th~n 30 days from the date the notice is given to Borrower. by which the default must be cured;
and (d) that failure to cure the default on or betore the date specifled in the notice m~y result in acceleration ~f the sums
secu~ed by this Security Instrument. foreclosure by judicia! proceeding and sa{e of the Property. The notice shali turther
inform BorroMer of the right to reinstAte aRer accelention snd the right to assert in the foreclosure proceeding the aou-
existence of a default or any other defense of Borrower tu acceleratlon and foreclosure. It the default ls not cured oa or
before the date specified in the notice. I.ender at tts option may require immedlate payment fn tull of a11 sums sec~nd by
ihis Security Instrument without furt6er demand and may foreclose this Security Instrument by judlcial proceedin~.
Lender shall be entitled to coliect al{ expenses incurred ia pursuing the remedies provided in this par~graph 19~ including,
but not limited to, reasonable attorneys' fees aad costs o[ titte eridence.
20. [.ender in Possession. Upon acceleration under paragraQh 19 or abandonment of the Propeny, Lender (by
judicially appointed receiver) shall be e~titled to enter upcin, take possession of and manage the Propeny and to collect the
rents of the Propeny including those past due. Any rents collected by l.ender or the receiver shali be applied first to
payment of the costs af managemerst of the Propeny and collection oi'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 Instsument.
21. Relesse. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security
Instrument without charge to Borrower. Borrower shall pay any recordation costs.
22. Attorneys' Fees. As used in this Security Instrument and the Note, "attorneys' tees" shall include any attorneys'
fees awarded by an appeilate court.
23. Riders to this Security Instrument. lf one ~r more riders are e!~tcuted t~y H~rr~~~r and recorded tcg.°th~r u•ith
this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and sha11 amend and
supplement the covenants and agreements of this Security lnstrument as if the rider(s) were a pan of this Security
Instrument. [Check apPlicable box(es))
Adjustable Rate Rider ? Condominium Rider ? 1-4 Family Rider
~ Graduated Payment Rider ? Planned Unit Development Rider
'r~ Other(s) [specify]
BY S~GN~HG BE[.ow, Borrower accepts and agrees to the terms and covenants coniained in this Security
Instrument and in any rider(s) eaecuted by Borrower and recorded with it.
Signed, sealed and ~ r ~ t resence of:
1 .
~ . KENNETH T. SCO'TT ~Of°"'~'
; ~ ~~f~1~.1 n ) ~ (Seal)
~ PATRICIA SCOTT ~O"O""'
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STATE OF FLORIDA, ST. LUCIE COLR[y SS:
€ I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
~ aforesaid to take acknowledgcments, pcrsonally appeared
KEPINETH T. SCOTT and PATRICIA SCOTT, his wife
~
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' , to me knov~n to bc the person(s) described in and who executed thc
~ foregoing instrument and acknowledgcd before me that they executed the same for the purpose therein
expressed.
~ W~TNESS my'h~nd and official seal in the county and state aforesaid this 31st day of
F
. JANUARY , 19 90.
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