HomeMy WebLinkAbout191418. AocelerRtloa; Remedles. E:oept u provided ia parw~r~pb 19 hereot. upoa 8orrower'~ breacb ot ~qp oovea~ut or
agreement ot Borrow~ in thL Mort~~e. includla~ the oovenuita to pyr rvbe~ due wa~- wts~ ~ecured by thb Mort~~e. iwndee
prior to sooeleratlon ~hsll mwll ootioe to Borrowe~ w~ provlded in p~rasraph 14 hareot~pedly-fa~t (l ) the bre~c6: (~) t6~ ~ctlou
requlred to cure such breach; l3) w d~te. aot IeN tbaa 30 d~~ tlrow the d~te the aotke L ~aalled to Borrowrer~ by wAlcb wcb
breacb must be cured; u~d (4) thst t~Aure to cure such brewcb oa or be[ore the daLe speciAed ia ti~e notiae ma,~- rewlt in
acoelerwtion otthe wau ~ecured by thi~ ~loet~~e, foreclwure by Judlcial proosedln~ and ~ale oiWe Propetty.Tb~e aotlce ~bRU
further iatorm 8orrower of the ri~ht to reLutwte aRer ~ooaleraUon and the ri~ht to ~aert in the iorecloatre peoceediu~ tbe
non-ezi~teace of ~ detsult or wy other defea~e ot Borrowar to ~oceleraUoa ~ad ioreclo~ura I! tbe breach L aot aired oa os
before the date ~pociAed ia We aotfce. Lendec st Leader'~ optioa ua~U- declare ap of the wnu ~ecured by tbls Yort~ase to bs
9 mmediwtely due and payable without turther demand and meqr foreclose thL Mort~a~e by judicisl prooeedin~. Leader ~b~ll be
entitled to collect ia such proceedin~ all e:penses ot toreclwure, iacludin~, but aot limited to. reawaable ~ttorney'~ teea. ~nd
costs of documeatary evideace. abstrect~ aad title ~eporta.
19. Borrower'~ Risht to Rei~utste. Notwitlutanding Lender's aooeleratioa oithe sums ~scured by thi~ MortBe~e. Borrower sha11 !w-ve
the right to have any procseding~ begun by Lender to eafoTOe this Mortgage di~ooAtinued at any time p~io~ to entty of a jud~mant enforcin~
thia Mortgage if: (a) Borrower pay~ Lender all suuu which would be thea due under thia Mort~a~e, tl~e Note eurd nMes ~ecuting F~ture
Advance~. if any. had ao aoceleration occurred; tb) BorroM-er cures all breache~ of eny oWer ooveaenta or agreement~ of Borrower oontaiaed in
this Mortgage; (c) Borrowa pays all reasouable ezpen~es incurred by Lender in enforci~ the ooveaanb and a~reemenb oi Borw~re~
contained in this Mortgage and in enforcing Leader's remedies as provided in paragraph 18 hereof. including. but Aot limited to. re~uonabls
atwrney's fees; and (d) Horrower takee such action as Lender may reasoaably rcquire to assure that the lien of thi~ Mottaa~e. Lendar'~ in~
in the Property and Bore~ower e obligation to psy the sums secured by thie Mostgage shall ooatinue naimpaind. Upoa ~nch paymeat sad cnre
by Borrower. this Mortgage and the obligationa secvred hereby shall nmain in full foroe and ~fect as if no sooelera4on had oocurred.
20. As~isnment of Renta; Appointmeat oi Reoeiver. As additionel secarity hereunder. Borrower hereby a~~u to I.eader thereata
of the Property, provided that Borrow~ ehall. prior b acoduation under paragraph 18 hereof or abandonment of the Props~ty. have the ri~ht
to colleet and retaia such rents es they become due and payable.
Upon aocaleration under paragraph 18 hereof or abandonment oithe Pmpeirty. I.ender shall be eatided b have a reoeiv~ appointed by a
court to eater~poa. take posseseion of and manage the Propaty and to coUect the reats of the Prope:ty. inclndit~ thwe psst dne. All rents
collected by We reoeiver shall be applied first to payment of the oosts of managanent of the Property and oollection of sent~, includin~. bnt not
limited to, reoeiver's fees. pre~niwns on receiver's bonds and reasonable attorney'~ feer. and then ~o We ~ums ~scnred by t6is Mort~a~e.1Le
receiver shaU be liable w aooount oaly for those rents actually reoeived.
21. I~ture Advaocea. Upon requ~st by Borrower. I.ender. at Leader s option within taenty yea» t~rom the date of thi~ Mortgege. may
make fldure Advanees to Borrower. 3uch P1~tnre Advano~. Mrith interust thereon. ~hall be secured bY thi~ MortBaBe when ev~d~-aed by
promissory notes stating Wat said noLea are secured henbY• At no time shall fhe principai smouat of the indebtednen secared bY this
Mortgage. not including sums advanced in accordanoe her~w~~h to Pmt~c~t th~ ~°i1ty of this Mortgage. e:oeed the oriBin+~ amount ~ the
Note plus U.S.i ~A4'3Q '
22 Release. Upoa peyment of all aums secured by this Mortgage. Lender ahall releaee this Mortgage without charge to Borro~-a.
Borrower ahaU pay ali coats of recordation, if any.
23. AtWraey's Fees. As ueed in thie Mortgage and in the Note, "attomey's fees ' shall include atLorney's fees, ii any. which may be
~warded by an appellate coud.
jy WITNE.SS WHEREOF, t3orrower has executed thie Mortgage.
Signed, eealed and delivered
i n the prese ce of:
. . 2..C.. /..... <<v~......
.... .. ~~~..........
'~.~G~~2%~l«i ~ . . . . . . . . . . . . . . . .''(Seal)
~~~~~ lillitne8s W I L I AM F. J OHN -B""'""
. . . . . . . . ~-r.-~-~r. . ~ '`'e"`~.~-r~. . . . . . . . (Seal)
~ VNitneas BLANCHE R. JOHNSUN -~*°•°
STATEOFF-I.ORID~.......iSf'i: •LUG~@•....•.•..•.......•....... COUiIt~- S8:
I hereby,ce_~,'fY that on this day, before ir~e, an officer dul authorized in the state aforesaid and in thecounty aforesaid to
take acknow gementa,~perso~ally apPearea . W? 1.1 iam, F~,, ~Qhr~$or~. aod..~l anche..6..lohnson.. bis .~i.fe., ...
• ' A. to me known to be the person(s) deacribed in and who esecuted the
:: ••••-
c,._e,.,.;..d`:,..t~:,.,,o.~ Aw .nknowled¢ed before me that . . . . . .She . . . . • , , • , - executed the same for the purpose therein
ex r d~'~ ' ~~.f ~~ ~ 2th
p .~• .t ............. day of
~y ~~my lf~lid cial seal in the county and state aforeaaid this : - • • • • • • • • • • • - - • - • • • •
. . . . . , . . . '- . . . . . ;. : ,~;, ry . . . . . . . . . . . . . . . . . . . . . . . . . . 19$~. . . ..
Vty C~ni~~ e~c e.f ; ~`t -
•{ ~ ,'~• ~,,,, . + ~~ •- ~1a~y Niic. Slrb d IIM11~ d -~
(sr,~1 ~ `~ ~ ~~: MI- 4~+.'s~ 61iw i~ ~ i'!M. • - . . . . . . . . . . . . . . . . . . . . . . . . ~ - - - - - ~ -
• ' i»w t~w t~r M~ r•wr ~.c. - • ... . . .. . ... . . .. . .' Notary~Public
-Y ~ ~' 3 d ~ ~ -- - -- -
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(Spuc~ Relou Th~~ /.~ns R~a~rred tor /.rndtr and Retvrderl
1981 F~B 13 P!~ ~ 2T ~ ~
This Inatrument Prepared by: ~N~ ~„ ~~.,t,~ p ~
f ilf 0
Jerry G. Li trento S RCGER 1'~~i ~~'_'~. ~
~ First Federal Savings and Loan ~~~~K C~~iC'y•j cCJ"j_~ z
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AasociatiQn of Fort Pierce, Florida :33450 c rit,F^ ~=`!F "' ~
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