HomeMy WebLinkAbout081518. Acceleratioa; Remedlea. Cscept u provided IA para~r~ph,17 bereot. upon Borrower'~ breach oi aqy ooveaant or
a~reement oi Borrower in tbb MostRa~e. iacludia~ tbe oovenants to pa~- w~hea dae ~ w~n~ sewred by tht~ Mort~~e. Leader
prior to woceleratioa ehall mail aotlce W Borrower as pwvided in psrs~rapb l~ h~eot~pecib-in~s (I) tho breacL; (Z) tLe actloa
requlred to curd ~ucA breach; (3) a dste. not tesa tbnu 30 d~~ t~om the d~te the•dotke is mailed to Borrowee. by which ittcb
breach mu~t be cured; aad (4) th~t tallure to cure ~uch breach oa or before the date ~pecltied in tbe noNoe in~y result W
acoeleratba o[tbe sams secured by thb Most~s~o. foreclwuro by judicIal prooeedia~ ~ad s~le otthe Property. The aotice ~hall
Eurther infqrm Borrowe~ ot the ri~ht to reiaatate atter sooeleratlon and the ri~ht W wert !a the foteclowre proceedia~ tbe
noa-e:isteace oi w default or wy other delen~e of Borrower to AocelerwtioA uid foreclosure. Itths breach L not curedoo or
before the date ~pecifled in the aotice, Lender at l.eader'~ optioa msy declare aU o! the wms secured by thL Mort~ase to be
immediately due and payable without t1~rt6er demand and inatt~ forecioee thL Most~~eby )udicisl prooeedia~. Lender ~ball be
eatitled to coUect ia auch proceedi~g all expene~e ot [oreclosure, including, but aot limited to, reaeoasbte atwrney'~ [ee~. aad
costs o! documentary evide~ce. abstracta and title reports.
19. Borrower's Ri~At to Relastate. Notwithstanding Lender's acceleration of !he sums ~ecured by t!-is Mott~age. Borrower shall have
the right to have any pc~ooeedings begun by I.ende~ to enforce thia Mortgage disconlinued ~t any time prio~ to ~try of a jud~meat enforcin~
thie Mortgage if; (a) Borrower pays I.ender all sums which would be then due uader thi~ Mort~~~e, We Note and aote~ secur'sng F1~ture
Advances. if any, had no acceleratio~ occurred: (b) Borrower cur~ all breachea of any other covenaat~ or ~reemenb of Borrowet containad in
thia Mortgage; (c) Borrower pays a!1 reasouable expenaes incuraed by l.ender in enio~cing tbe ooveaants aad aQreemenb of Borrower
contained in this Mortgage and in enforcing Lender's remedies ea provided in pacagraph 18 hareoi. including. but not limited to. rea~oaabls
attorney's [ees; and (d) Borrower takes such action as Lender may reasonably require to atsure that the li~ of this Mortgage. L~der'~ iqtend
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upoa such payaneat and cvrs
by Borrower. thia Mortgage and the obligationa secvred heteby shali remain in fu11 foroe and effect as if no aooeleratioa had oocurred.
20. Assi~ameat oi Renta; Appointment of Receiver. As additional security hereunder, Bormwer hereby assigns Uo Lenddr therea4
of the Property. provided that Borrower sha11. prior to acceleration under paragraph 18 henof or abaadonment of the Pe~op~ty. have the right
W calleet and retain such ret-ta as they become due and payable.
Upon sooeleration under paragraph 18 he:eof or abandonment of the Property. I.ender shall be entitled to have a receiver appoiated by e
court to enternpon, take posseseion of and msnage the Property and to oollect the nnte of the Prope~ty. including Wwe pa~t due. All ceats
coUected by the receiver shall be applied first W payment of the oo~ts of management of the Pmp~ty and oollection of reab. includin~. but not
limi4ed t~o, raeeiver's feea. pre~niums on re~xivez's bonds and reasonable attomey's feea. aad then to the eums secured by thi~ MortBeBe.'ILe
receiver shall be lieble to aaoount only tor thoee rents ectually received.
21. Ptiture Advanices. Upon request by Borrower. [.ender, at I.ender's option within twenty years from the da4 of this Mortgage. tnsY
make Future Advances to Botrower. Such ~tun Advances. with inter~st thereon. shaq be ~eciued bY this MortBaSe ahen ~videnced by
pmmiaeory notes stating that said notea ere secured hereby. At no time shall the principsl emount of tlie indebtednes~ secund bY thi~
Moctgage, not inclu~i~ms advanoed in accordance herewitl- to Pmtect the security oi thia MortgaBe, exoeed the original amoui-t of the
Note plns U.S.i
22. Release. Upon paymenl of all suma eecured by thia Mortgege, Lender shall nlease this Mortgage without charge W Borrowar.
8orrower shafl pay alt costs of recordation, if any.
23. Attorney's Fees. Aa used in thie Mortgage and in the Note, "attorney's [eea" shall include attorney's fees. if any. which may be
awarded by an appeUate court.
(h WITNESS Wf1EREOF. Borrower has executed this Mortgage.
Signed, sealed and delivered
in the preaence of:
Z.~.E . . ~: . . .B~'~tc.... . . . . . . . . . ,~~:'•° • • • . . . . ~~ (~)
"' ~• ~ ~ ~ Witness EN SCOTT' CLENDE I ~ -F~ ~
I ~~ ~ .').t...~ ~.......... ( )
. . . . . . . . . ?L . ./C~. :~.~ . . . . . . . . . . . . . . . . . . . . . . _ Seal
~ Witneas DEBORAH R. CLENDENIN
STATE OFFIARIDA~ .... ....S~...~,~l~1e . . . . . .. . . . .. .. . . . . . . . . . . . County ss:
I hereby certify that on this day, before rr~e, an officer duly authorized in the atate aforesaid and in the county aforesaid to
take aclc~ow-iw~ementa, ~~onal~y ap~area . Jooatb~n . Scott. ~1 endeni n .anrd . Uebar.ah .R.. .C.l.@qdep7.1~,. . - • • - -
~ '' ' ' .., to me known to be the rson(s) described in and who e:ecuted the
. . . . : .;~.: r:; :',~s ;~'-;~ • . . . . h~ s. .~r~.f.e.. . . . . . . . . . . ~
foi o~a~ ipbh~n~:and acknowiedged before me that .. 1~P.~1. ........... executed the same for the purpose therein
~, _ .~~,
exp;~; ~-: :~ : (o`~li. .................
• .-•- ~ . ., day of
Egg m1y ~t~1 d official seal in the county and atate aforesaid this .......... .
.. ...,.;::.~. .. .. .. ...... .........19.K1...
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~`~'~~~~~~ f'•iTfi~fiY Pi!~~1C. Si~;TC f'F F[^~ ~,!. ;"• _
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• b1Y COMMISSlGN EXPiRES AiiG. 12, 1~;,1 Notary Pub6c
~ SpHDEO TiWOUW~ MUROSKMAS1f70M, f1:0.
~tipo~~ /teG~a This /,~ns Hesart td fo- L~ndrr and R~ct~rdrry
This Instrument Prepared by: (9BI FE~ -~ F:~ ~ 38
Carol Fore rS~~C th( r{r,~1 ra :
5'.Ll'Uf CC ;H ~.il a-
First Federal Savinga and Loan }~~G~R P~!IiftAS ~
Asaociation of Fort Pierce, Florida :~:;4c~ + C~Ei~~ CIRC~.:i? L~~
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