HomeMy WebLinkAbout0381 priur to cnt~y of a judgment cnfurcing thia Atortg~ge if: (a) U~~rrower pays l.enJe~ all suma which would be thrn due under
thi; Alurtga~e, the Note and nota securing Nuturc Advancrs, if a~y, had ~o accelr~atiun ~x:curred; (b) Qo~rawe~ curcs
ali brrachrs u( any othar covenants or agreemeotY af l3orrower contained in this Atortgage: (c) Borrower pays all reasooahle
exprnsrs inc~~rrcJ by Leuder in rnforcing tht covenants and ag~ecmeots af Borrowrr conlained in this i~tortgage and in
enfurci~g l.~oder
s rtmeciits as provided in paragraph 18 heraot, ineluding, hut not limiteci to, re:~sanablt attomey's tea; and ~
(~I) I~orro?vrr takes such action as I.ender m~y rcasunably rcyuire ta asw~e Ihat the lien ot this i~lortgage, I.coJer's intercst
in th~ 1'~ope~t~• and Rorrowr~'s ohliFation to ~y ~he sums secu~ed by this !?tohgage shall continue unimpaircd. Upon such
paymrnt and curr by Borrawr~. this Mortgage and the c~bligatio~s secured hereby shall ~emaio io full force a~d ei~ect as if
na a;~elcr~tion had occur~ed.
20. As.:iRnment of Rents; Appuintment oi Receive~. As adJitional kcurity hercunJrr, Borrower herel+y assigns to
l.~nd~r thr rcnts of the F'raprny, provided that Borrower shall, prior to acceleratiun unde~ p~ragraph 1'~ hereof ar abandon-
mrnt of tha Amperty, have the right to culleet and retain such rents as thry become Jue and payabk.
Upon acceleration under parag~aph 18 hereof or abandonment of the Pro~+rny. I.c~de~ shall be entitled to have a
recr:~~er appointed by a court to enter upon, take pc~sxssion ot and mao•rgt ~he P~operty and to collect the renb of the
Proprrty, incluJing those past due. All rents collected by the receiver shall tx applied first to pa~~ment of the costs of
management of the Property aod collectiun of rents, including, but nut limited to. rcctiver's fees, premiums on receiver's
bonJs and rcasonable attornty's tees, and then to the sums ~ecured by this Mortgage. The rrceive~ shall be liable to account
only for those rents actually received. ~
21. Future Adrances. Upon rcquest by Borrowe~. 1_end~r, at Lenders optio~ within twenty years from the date of this _
~tortgage, may make Future Advances to Borrower. Such f~uture Advanca, with inttrest therton. shall he ucuted by this
hlortgage when evidenced by promissory no~ts statiog that said notes are secured hereby. At no time shall the principa)
amount of the indebtedness secured by this Atortgag~. not including sums advanced i~ accordance herewith to protect the _
security of this Mortgage, exceed the original amount of the Note plus USS. . - . . . . . . . . . . . .
22. Release. Upon payment of all sums secured by this Mortgage. Le~der shall r+elease this Mortgage without charge
to ~forrowe~. Borrower shall pay all costs of recordatio~, if any. :
23. Attorney's Fees. As used in this Mortgage and in the Note. "attorney's fzei' shall include attorney's tees, if any, ;
which may be awarded by ao appellate coun. ?
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IN WITNESS WHEREOF, Borrower has executed this Mortgage.
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Signed~ sealed and delivered ~ ~
in the presence of: ' - ~ ~
J~: ;
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~ , 1;*~ L. S~R~.~~
. . ~ . ! . . . . . . . . .~`~:.1~•~~ . ~ . . . . . . . (Seal)
~ f~LIN T. SORFNS fO""" -
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STATE OE . . . . . . . . . . . . . . . . . . . . . . . . . .County ss: 3
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I hereby certify that on this day, before me, an otficer dul authorized in the state aforesaid and in the county ~
aforesaid to take acknowledgements~ personally appeared. . . ~~5~• ~ • • • • • • • • •
, , ,$Q{~fS~i,, ,1)~$.~?j.~e
. . . . . . . . . . . to me known to be the person(s) described in and who executed the ~
foregoing instrument and acknowledged before me that . .............executed the same for the purpose thec~ein Y
:
eapressed.
I WtTxESS my hand and afficial seal in th~Gcounty and state aforesaid this. I ~~~.....day of ;
i l~yember ~g _
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My Cotnmission expues: 11 ~D--`~-~ g V
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(Spsc~ B~low TAis Lin~ R~s~rwd Fw Lender and Recorde~
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