HomeMy WebLinkAbout077418. Aocelerstioa; Remediee. Ezcept as pwvided ir puajrapb 17 hereot, upoo Borrower'~ bre~ch ot uqr oovenaat or
a~reeanent of Borrower in this Mortga~e. includin~ the covenanta to pa~- whea due ea,p atfn~ secured b~ t~b Mort~~e. Lender
prior to aoceleretloa shall mail aotice to Borrnwer as provided ia pus~raph 14 hereotspecifj-in~: (1) the breacb; (~) the actloa
required W cure such breach; (3) a date, aot lees then 30 dqy~ A om the date the aotke L maUed Lo Borrower. by which ~uch
breacb mwt be cured; ar~d (4) that failure to cure ouch breach on or befose the date ~pecftied t» the aotios m~,~r re~ult ia
acoeleration of the eun~e aecured by this Mortga~e, foreclwure by judicisl proc~eedi~ ~nd ~ale of the Property. The aotice ~ball
tl~rther intorm 8orrower ot the ri~ht to reinstate sRer aoceleration snd the ri~ht to wert la the toreclwure proceedin` tbe
noa-e:iete~ce of s detault or e~ny other defense of Borrower to aoceleraUon ~nd foreclwure. I! the breach L aot cured on or
before the date specifled in the notlce, I.ender at Le~der'~ optioa aae~y declsre aU ot the ~unu ~ecured by thb ~lort~a~e to be
immediately due aad payable wlthout turtherdemand end may foreclose this Mort~a~e by judicial prw.~eedin~. Leader ~halt be
entitled to collect in such procecding all exper~aes of foreclosure. includins, but aot limited to. reasonable attoraey's fees. aad
rnats of documentary evidence, abetracts and title reports.
19. Borrower's iti~bt to Reinstate. Notwithstanding I.ender's acceleration of the sums secured by thie Morigage, Bonower shall have
the right to have any proceedings begun by I.ender to enforce thie Mortgage disoo~tinued at any time psior to entry of a judgment enforcing
this Mortgage it: (a) Borrower pays I.ender all aums which would be thea due uader this,~4lort~aga We Note and notes securing ~tura
Advancea. it any, had no acceleration occurred; (b) Borrower cusea all breaches otany other oovenant~ or e~reements of Borrower contained in
this Mortgage; (c) Borrower pays all reaso~~able expensee incurred by Lender in enforcing the oovenanta and agrcement~ of Borrow~
oontained in this Mortgage and in enforcing Lender's remedies ae provided in paragraph 18 hereof, including, but not limited to, nasonabls
attorney'a feea; and (d) Borrower takes euch action as Lender may reaeonably requin to assure that the li~ of this Morlgage. LeAd~'s iatere~t
in the Rroperty and Borrower s obligation b pay the sums secnred by this Mortgage ehall rnntinue unimpaired. Upon such paymeat and cure
by Bocrow~. thie Mortgage and the obligationa eecured hereby shall remain in full foroe and effect as if ao aoceleration had oocurred.
Z0. Assi~nment o! Rents; Appointment of Receiver. As additionel eecurity hereunder. Borrower hereby assigns to I.ender the ren4
of the Property. pmvided that Borrower ehell, prior to aoceleration under paragraph 18 hereof or abandonment of the Property, have the right
to collect and retaii- euch rente as they become due and payable.
Upon acceleration nnder paragraph 18 hereof or abandonment of the Property. Lender shall be entitled to have a receiver appointed by a
oourt to enter.upon. take poaseeaion of and manage the Property and to ooUect tbe rents oi the Property. iacluding those past due. All rente
ooUected by the receiver ehaU be applied first to payment of the ooets of management of ehe Property aad oollection of reuta, inclading, but not
limited to, receiv~ s feea, premiums on receiver's bonds and reasonable attorney's fces, and then to the eums secured by thi~ Mortgage. The
rcceiver ehall be liable to acoount only for thoee renta adually rec~ived.
21. I~ture Advances. Upon request by Borrower. Lender. at Lender s option within twenty yeare from the date of this Mortgage, may
make ~I~ture Advencea to Borrower. Such Ftiture Advancea, with in~t thereon, shaU be ~ecured by this Mortgage whea evidenc~d by
promieaory notes etating that said notes are eecured hereby. At no tiene shall the principal amount of the indebtedness secured by this
Mortgage, not includiq~o^ums advanced in accordance herewith to protect the aecurity of this Mortgage, e:aed the original amount of the
Note plna U.S.= n
22. Releaee. Upon payment of al! euma eecured by this Mortgage, Lender ehall releaee thie Mortgage without charge to Borrower.
Borrower ahall pay all coete of recordation, ii any.
23. Attorney'e Feea. Ae ueed in this Mortgage and in the Note, "attorney'a feea ' ehall include attorney's fees, if any, which may be
awarded by an appellate court.
IIY W17NES.S Wt1ERF.OF, ~3orrower has executed this Mortgage.
Signed, sealed and delivered
in the preaence of:
.. . ~r~~'~?~ .... ..................... .. _
~ 1Alitnese
,1.'.,. . . ~ .................. ...
. . . . . . . ~ Witness
. ~ . . . . . . . . . . . . . Z~. . . . . . . . (Seal)
L~S' E'. 'JOF~N ! _~.~
~~~ : ` " . . . . ~Q` . . . . . . . . . . . . . . . (Seal)
GLORIA J. J NS -~R~•K
STATEOFFIARID~•........St•..~.~1Cle ......................... COU11ty88:
I hereby certify that on this day, before rr~e, an o~cer duly authorized in the atate aforesaid and in the oounty aforesaid to
take acknowlalq~nenta, per~o~al~y app~ared . .Cha rl e$ . E , . Jphn~on _ and. Gl ori a ,,l .. .Johnsqn,, , hi.~ . wi fe , _ . . . .
'''• ° ........, to me known to be the peraonls) described in and who executed the
--.........~~~:'F,-..;~_ ...................... P ~
foregqi~t{1~1L'and acknowledged before me that . .~heJl . . . . . . . . . . . . . executed the same for the u se therein
_ , s 4 : :.. ~ ::
~ .{., ~q:~ ~ ~ x
:_~. ?._ _
:and official aeal in the county and atate aforesaid thie . _ . . . . . . 23rd . . . . . . . . . . . . . . . . . . . . day of
ebruarY ........................... . is.$1.... •
: ~Ct~f~ ~J~~:( S~d~',' rt ctO~a~J ~t :Jl~e '
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1r.y ~•N-r~iss:~:n "t:~.:•e; .~. :`~, ~'f'~4
~..a.d rnN :~.~ ~•w w.r.cu w:,
.......... . . .............. . .. ..... .. . ... .
_ _~ ..... .. ......
tiotary Publtc
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/tipa~e Brtou• Th~~ /.~n~ RPS~~.~~~d Fn. Lrndrr ond Reeo.de-1
This Instrument Prepared by:
Carol Fore
First Federal Savings and L.c,an
Asaociation of Fort Pierce, Florida :~.3450
, ~
; .
g~;~K349 F~H~E 775
Si'79'76
19fl; ; ~~ 24 ~ :; 3~ 3-r
c r (• LR[ ~: (.l:r. `
~' lt:Llt Ct.~~.•,.ii~~
J ~i( ;~C}t f JI ~t~i.:~ ~
CLEI.A i.i: ~~(T C'~, `~ ~
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