HomeMy WebLinkAbout0505 priar t.~ rnt~y uf a juJgmrnt ~nfurcinb this ~1~,rtg.~ga if: la) 13orr~~+vrr paya l.cn~cr all .um, v?hich Hould lx: thcn duc undcr
thi. tt~,rtgagc. thc Notc and nut~~a sccurin~ Fuw~~ Ad~~ancc~. if any. had nu ac~cicrati..n ...curred: Ihl U~,rro~~cr cur~~
all br~achr, at any othcr c~~vcnants ur ag~~~mrnts of IIorrowcr r.~ntain~~l in this \fu~t~ag~: Rorro~•rr p:~ys :ill rca+onablc
cxpcn.c~ incu~rcd by 1_cn~l~r in cnfotcing thc co~enanta ~ud agrecin~nts ~~f Borrnw•cr c~nt:,incd in this Alurtg.~~: and in
cnforring I_c~der's nm~di~s as pmvidcd in paragraph IR hcrc.~f, incluJ~ng, hut not limitcd t.~, rea.onahl~ attoroey's fccc; and ,
(d) N.~rrawe~ tal:cs such action as l.endcr may rca.onaM~• r~yuim to assurc Ihat ~hc 6cn ot thi~ Alortgage. Lendcr's interest
in ~hc Property and Qorra~~•er's obligation to pay ~h~ sun~s secured hy this 1?1ong;~~,~ chall continue unimpaired. U~+c~n such
pa}•mcnt and cure h~• Borrower~ this Alartgs~c ~nd ~hc obligatiunc sccurccl hcr~b~~ shall remain in full forcc and cRcct as it
no accrlc~ati~m had occurrcd.
20. Ac~ignment of Reuts; AppoinUnent ut Recei~er. Ac adJitional ucurit~• hcrcunJ~r, BorroH~en c~reby assigns to
l.~ndcr the rents of the Pru~rty, providrd th~t R~~rruwer shall, prior to accclc~atian undtr parag~aph 14 hereof or abandon-
mr~t uf thr Prop~:rty, havr thr right to collr.t and rctain such rcnt~ ac thcy bcc~~m; du~ and payablc.
U~+c~n accoleratioo unJe~ paragraph IR her~~f or abancionment ot the Pn~p.;n~•, l.cnder shall bt entitlec! to have a
rrceiver appointed by a court to enter u~n, take possession ot and manage the Pm~rt~~ and to coll~ct the rents of the
Pro}krt~~, includi~g those past due. AU rrnts collt~.ted b~• the receive~ shall be ~pplieJ first to pa~•ment of ~he costs of
m:tnagement of the Prap:rty and cullection o( rents, includinF, hut not limited to, rc.ei~•cr's [ees, premiums on recei~er a
tx~nds anJ rrasooable atturney's fees, and then tu the sums sec:urcd h~~ this Mortgagr. The re.river chalt tx. liable to account
onlp for thasc rents actuaU~• ~cccived. _
21. Furore Ad~aaces. Upon rcyuest b~~ Rorro~ccr, Lcndcr. at LenJc~s option Hithi~ ;~~ent~• ycars from the date of this
I?fun~agc, may make Fmurc Advances to Borrovrer. Such Futurc Advances, w~ith inter~st thereon, shall t?e securcd by this
~tortgage when evidenced by promissory nates stating that saicl notrs arc s~~cureJ hereb~. At no time shall the pri~cipal
amount of the indebtednaas secured by this i~fortgage, not including sums advanced in accordance hrrewith to protect the
security of this Mortgage, exceed the original amount of thc !~ote plus USS. . - . •-0- . . . . . . . . . . . . . . . . . . .
22. Rekise. Upon payment of all sums secured b~~ this I?tortgage, Lender shall relea+e this 111ortgage without charge
to Borrower. Borrower shall pay all c6sts of recorJation. if an~~.
23. Attorae~s Fees. As used in this Mortgage and in the Note. "attorney's fces" shall include attorney's fees, if any.
which may be awarded b~• an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
,
71,~G-/k . . . . : . . . . . . . . .=~t--~ . . . . . . . . . . . . . . . . . : . . . . . . . ~ '~'~IScal)
~ J S. MIRPEiY, I ~ -eort°~'
C~j f~~ti: , .(Seal) .
. . . . . . . . . il . . . . . . . . . . . . . . . . . . . . . . . B ~ ' . . . . . ~-s.~ro.rer
.
Sl'ATE OF ~j(/f,C . .~i1~v`. . . . . . . . . . ~~lCE unty ss:
I hereby certify ha: on this day, before me, an of~icer duly authoriud in the state aforesaid and in the county
aforesaid to take acknowled~:ments, personally appearcd. ..JAMES. S•. ~RPHY~. III azxi•BA~B~R~•~+-
M1RP~iY,, his wife. to me known to be the person(s) described in and who executed the
. .
I foregoing instrument and acknowledged before me that. ...~eY. .....executed the same for the purpose therein
' expressed.
~
' W~rNESS my hand and of!'icii scal in t ~county and statc aforesaid this . . . . . . . . . .day of
~ ~s.......
~ ~y~-~~
~ My Commission exp~res:
i _
~ ~ _ . . . . . . , . . . . . . . . . . . . Nasry PueiK . . . . . . . . . . . . . .
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(Spsu BNow TAis line Resened For lender snd Recorde~ .
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a~?~ r ~E 544