HomeMy WebLinkAbout0553 p~iur to cntry i,f a jud,~mrM rn(urcmR this ~turtga~r ~t_ llorrc~wrr pays 1.e~Jrr all ~u~m which wuuld hr thCn dut unJe~
this \tortgagr,~lhe hote and t~otes srcu~ing Ftuuce AJvancrs, if any, had na accrirratioi~ ~?ccur~ecf; Ib) 13orrowe~ cures
all hrraches of any ather covenaah o~ agrcemants of ?iorrower ronta~neJ in lh~s M~rtga~;e; (cl ltorroNe~ pays all r~~san~blr
expensts incurrrd by 1.enJrr i~ entorcing the cuvenants anJ :~greemrnts uf Rorrower c~ntainr~ in this ~iurtgage :~nd in
cnforring l.c~xier's rrmniits as provided in paragraph IR hcrrof, includ~ng, but nol limit~f to. reasonablr atcorney's feas; a~~d ~
(d) l3orrowe~ takes such action as l.e~dcr may rratonab{y reyuire t~ a~sure that thr lien of ~hi~ ?~turtgage. I.enJer's interrst
in thr Property and I3orrower's obligation to E+ay the sums s~cured by this Ntortga~e ~halt continue unim{+aired. U{xin such
payment and curc hy Rorrower~ thic Mortgage anJ the ohligations securrd hereby shall rrmain in full force and etfrct as if
no acccleratiun fiaJ occurred.
20. Assignment ot Rents; Appoint~nent af Rtceiver. Ac additiunal securi~y firreunder, Horrower hereby assigns t~
Lender the rents of the Property. provided that Barrower shall. prior to uceleratiun un~r~ p~rag~aph 1 S htreof or abandon-
mrnt ot the Property, have the right to collect and retain soch ~ents as they become due anJ payable.
Upon a~celeration under paragrapfi 18 hercaf or ahandonment ot the Proprny, t.ender shall be entitlyd to have a
rcceiver appointed by a court to ente~ upo~. take passrssion ot and manage the Pmperty and to cotlect t??e rents of the
Properl~•, including those put due. All rents collecta! by the receiver ~hall t~ applird first to pa)'ment af the costs of
managtment of the Propeny and collection af rerts, including, but na~ limited to, recei~~~r i fees, pr~miums on receivzr i
bonds and reasonable attorney's fees. and ih~n ta the sums secured by this Mortgage. The rrceiver shall be liable to account
only tor those rcnts actually received.
21. Future Adrsnces. Upan requ~st by Borrower. l.cnder, at Lender's option within tw~anty years from the date of this
I~lortgagt, may make Future Advanca to Borcower. Such Future Adv;~octs, with interest thereon, shall bt secured by this
Alortgage when evidenced by promissory notes stating ~hat said notes are secured hereby_ ~t no time shall the p~incipa!
amount of the indebtedness secured by this Mo~tgage, aot including sums advanced in accordance fierewith to protect tht
security of this Mortgage. excetd the original amount of the Note plus USS. . . . . . . . . . . . . . . . . . . . .
22. Release. Upon payment oi all sums xcured by this Mortgage, [.ender shall release this Mortgage without charge ~
to Borr~wer. Borrower sha{I pay all costs of recordation. if any.
• 23. Aftorney's ~ees. As used in this Mongage and in the i~ott, "attorney's fets" shali include attorney's Eees, iE any.
which may be awardecl by an appelfate court.
TN Wi?NESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
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:~~.~s~t~~G . . ~~'~~~L~~ a1)
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. . . . . . . . . . . . . . t : . . . . . . . : . . . . . . . . . . . . . . . . . . . . .LF.A GRANSKOG " . . . . . . .~~i. . . . . . . - -ao.~o~r
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~C~r~A['f`.~Cuf ~L / .
STATE OF~'~b6ii~BA . . . . . . . . . . . . . . . . . . . . T~~F:~:S~ . • . - - • • .COUIIIy SS:
I hereby certify that on this day. before me, an off'icer duly authorized in the state aforesaid and in the county
aforgs~id to ~ke acknowledgements, personally appeared. . .~IAIl?lAlt .GBSNSK()G .~v1d .LEA. CRANSKOG, . . . . . .
. . h15 wi e . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) descritxd in and who executed the
foregoing instrument and acknowledged beEore me that ...~~~y. executed the same for the purpose therein
expr~sed.
WsTH~ss my hand and ofi'icial aeai in the county and state aforesaid this. ...Z~'.!~.... ...day of
19.
. ~ y/
My Commission expires: `
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(Spste BNow This Lina Ressrved Fw lender and Recorder)
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