HomeMy WebLinkAbout04011& Acceleration; Re~nedie~. E:cept w provided ia para~raph 1? hereof. upoa Borrowar'~ bre~cb of sny ooveaant or
s~reemeat ot 8orrower in tbi~ Mort~a~e. Inclndt~~ the oovenaq~ta to pq- w6ea due aq1- sum~ ~ecured by thi~llort~a~e, Lender
prlor b aoceleratlon shall mail aotice to Borrowor ss provided ip para~raph 14 hp eof ~pedb-ins: (1) the breech; (Z) the wctio~
required to cure ~uch breach; (3) a date. not lees tban 30 d4y~ hom the d~te the aotlce L mwlled to Borrower, by whkh ~uclt
breach mwt be cured; aad (41 that taDure to cure ~uch breach oa or before the d~-te ~peciAed 1a the aotios mq- rewlt W
acoeteratioa of tbe suma eecured by thL Mortaa~e. foreclosure by judlclal prooeedia~ wd s~le otthe Pwpeety. T6e aotice ~hall
fl~rther iaforaa Borrower ot the ri~ht to retaatate after sooeleratioa and the ri~ht to uaert in the foreclwure prooeedla~ the
noa-ezistenoe of a default or any other defease of Borrower to aoceler4doa ~ad foreclo~ure. I[ the bre~ch i~ not cured oa or
be[ore the date speciAed in tha ~otice, I.ender et Lender'e option m~ declwre al! ot tl~e ~uau secured by thia Morts~e to be
immediately due and pe~yable without fl~rther demand aad mely foreclose this Mort;~e by judlcial proceedlnt. Leadet shall be
e~titled to ooliect ia such procceding all e:penees of toreclosure, inctadin~, but pot limlted to, sea~oaable sttoraey'~ tee~. ~ad
costs of documentary evideace. abetracts and tltle reports.
19. 8orrower's Ri~ht to Reiaetate. Notwithstanding Lender's aoceleratioA of the suau ~ecured by thia Mo~a~e. Botrower ahaU hsve
the right to have any pra.~eedings begun by Lender b enforoe this Morfgage discoatiaued at any time prior to eatry of a jud~me~t enforcinQ
this Mortgage if: (a) Bon+ower paye I.ender all sums which would be then due under this Mortga~a, the Note and notea ~ecuring I~ture
Advances, if any, had no acceleration occurred; (b) Borrower cures all breachee of aay other covenant+~ or agreements of Borrower contaiaed in
this Mortgage; (c) Bonower pays all reaso~iable expenees incurred by Lender in enforcing the oovenanfs and agreemeata of Botro~ver
contained in thie Mortgage and in enforcing Lender a remediee as provided in paraRraph 18 hereof, includin~t, but aot limited to. reawnabls
attorney's feea; and (d) Borrower takee such action ae Lender may reaeonably require to assure that the liea oi this Mortgage. l.end~'s intere~t
in 1he Property and Borrower's obligation to pay the aums eecured by this Mottgage shall coatinue unimpaired. Upoa such payment end cure
by Borrower. this Mortgage and the obligatione secured hereby shall remain in fuli force and ~ffect as if no accelastion had oocurred.
Z0. Aasi~nment of Renb; Appoiatment of Receiver. Aa additional eecurity hereunder, Borrower henby aes~gns to i~~er ihe renta
of the Property, provided thet Borrower shall, prior W acceleration under paragraph 18 hereof or abandonment of the Prope:ty. have the right
to rnllect and retain ench renta ae they become due and peyable.
Upon ecceleration u~der paragiraph 28 haeof or abandonment of the Property, Lender shall be entitlad to have a receiver appointed by a
rnurt to enterupon, take poeeeseion of and manage the Property and to collect the rents of the Property, including those pest due. AU rents
ooUected by the receiver shall be applied firet to payment of the aoste of management of the Property and coUectioa of r~ts. including. but aoR
limited to, reteiver's feea. premiums on receivrr's bonds and reasonable attomey's fees. and then to the aums secured by this Mortgage. The
receiver ahall be liable to acoount only for those rents adually received.
21. fi~ture Advances. Upon requeat by Borrower, Lender, at I.ender's option within twenty years from the date of this Mortgage, may
make ~ture Advanoes to Borrower. Such Fl~ture Advanoee, with intereet thercon, ahall be secured by this Mortgage when evidenoed by
promieeory notes atating that said notea are secured hereby. At no time ahall the principal amount of tlie indebtedness secured by this
Mortgage, not inclu~~uns advanced in accordance herewith to prutect the eecurity of this Mortgage. ezoeed the original amount of the
Note plus U.S.~
22. Release. Upon payment of all aume eecured by thia hSartaege. I.e~der shall release this Mortgage without charge to Borrower.
Borrower ahaU pay all rnste of recordation. if any.
23. Attorney's Fees. Ae used in this Mortgage and in the Note, "attorney'e teee" ehall include attorney i fees, if any. which may be
awarded by an appellate rnud.
IN WITNE.SS WHEREOF. Borrower has executed thia Mortgage.
Signed, sealed and delivered
::: Lkc prr,~ace of:
. . .~Z:?ct.E . . .~: .~ 6~-.r-: c~... . . . . . . . . . '`~~~~s.~. . . . ~ (Seal)
_ ~~ ~ Witness HEN SCOTT' CLENDENI -~-~
~ L `~~ . \ ~ L. ~ : . . . . . . . . . (Seal)
. . ~'~~~ . . . . jC~ : . . ..~~~!~-~~R-~ . . . . . . . . . . . . . . .
, ::';Lness DEBORAH R. CLENDENIN -"'°'"'""`
STATE OFFIARID~ . . . . . . . .5~.. .~,UCJe . . . . . . . . . . . . . . . . . . . . . . . . . COUilty S8:
I hereby certify that on thia day, before rr~e, an o~cer duly authorized in the atate aforesaid and in the county aforeaaid to
take acknow~emer.ts, ~rsonally ap~ared . Jonathen . Scott. Ll endeni a.an,d . Drebor.ah . R... Gl.endeni.n,. ......
,- ,, . .
. . . . . . : . , :;:; ;'n; . j,~ y . . - - . h~ s. .rr~.f.ea. . . • • - • • - • • • • . to me known to be the person(s) described in and who execu t e
forego;n~ ihttr,ufriP~it and acknowledged before me that .. 1~P.,)[ ........._.. executed the same for the purpose therein
•~ -
~~ : ;
e~p[~~~ESS triy bEwn~~=~-d official aeal in the county and atate aforesaid this . . . . . . . . . . ~?~. . . • • - - • . • • • • • • • - • day of
. . . ,~~~ . . . .. . . .. '' ~'ri.# . . _ . _ . . . . . . . . . . . . . . . . . . . . 19. g 1. .. ,
. '; :}:'~~+~
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~ ~- ~~ fnY COMMISSlON EXPIRES Ali^v. 12, l~cl ~ ~ ~ ~ ~ ~
. . . . - - ~ Notary Public
p11DE0 THROUGH YUROSK!-ASMTOIJ. IKG
iSpacr 13eG,u Th~~ /.~nv Resrreed For /.~ndtr and Rtmidet~
This Instrument Prepared by:
Carnl Fore
Firat Federal Savings and Loan
Aasociation of Fort Pierce, Florida :i3450
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