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HomeMy WebLinkAbout0380 , ' ; ~ 3 prior to e~try of a judgment enforcin~ this Mortgage it: (a) Borrowe~ pays I.enJcr all sums which would be thc~ duc under this Mongage, !he Note a~d nota securing Future Advances, if any, had na acceleration occurred; Ib) Barrower cures ail breaches of any other covenants or agteemenu o( Borrower,contained in this Mongage; (c) Bormwer pays all reasonable expenses incurred by I.eader in er?[orting the covenaMs and agreements af Borrower contained in this Mongage and in e~forcina Lender's nmedies as provided i~ parag~aph 18 hereof, includiog, but nat limited to, reasonable attorney's fea; and (d) Borrower taka such actioa u Lende~ may rcasonably reyui~e to assure that the lien ot this Mortgage. Lender's interest in the Property and Bomowe~'s obligation to pay the sums secured by this Mottgage shall continue unimpaircd. Upon such payme~t arxf cure by Borcower, this Mortgage and the obligations secured hereby shall remain in full force and effect as i[ no acceleration had occurnd. ~ 20. As~nmeat ot Reats; Appointmeat ot Recelver. As additional security hereunder, Borrower hereby assigns to Lender the rents of the Propeny. provided that Borrower shall, prior to accele~ation under paragraph 18 hereof or abandon- ~ ment of the Property. have the right to collect ~nd retain such rents as they becom~ due and payable. Upon acceleration under pangraph 18 hercof or abandonment of the Properiy, Lende~ shall be entitled to have a receiver appoioted by a coutt to enter upon. take posxssion o[ and manage the Property and to collect the rents of the Propeny. including thoae put due. All rents collected by the receiver shall be applied 8rst to payment ot the costs of management of the Propeny and collection of rents, includiog, but not limited to, receiver's fces, premiums on receiver's bonds and reasonable attorney'a foes. and then to the sums secured by this Mortgage. The receiver shall be liable to account only for ihose rents actually received. 21. Fufure Adra~ca. Upon request by Borrower. I.cnder, at I.ender s option within twenty years from the date of this Mortgage, may makG Future Advances to Borrower. Such Future Adva~ca, w+th interest thercon, shall be secured by this Mortgage when evidenced by promissory notes stating that said notes arc secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, not including sums a va ~ ccordance herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS~.~.~ ~ . - - - • • • • • • • • • - • • • • 22. Rdease. Upon payment of all sums secured by this Mortgage. Lender shall re{eax this Mortgage without chuge td S~rr~we~. Borcower shall ~xiy all casts of rccordation, if any. 23. Attorney's Fe~. As used io this Mortgage and in the Note, "attorney's fee.s" shall include attorney's fees, if any. which may be awarded by ao appellate court. IN WITNESS W4~EREOF, Borrower has executed this Mortgage. Signed, seated and delivered in the presence of: +'"`,:t,~.:;,` , , ~ ~ o S r `"t ''~,r ~ ' . ~~'L~ . . . . . . . . . . . . ~ . . . . . . . . ' uv f • I ~-e~°'!~ . ~ ~l:c_ s~i <C. l~~/ . . # - t,<~.1Se~.~ . . . . . . f~ . . . . . . . ti • +~oie.:Ni, ' . . ~IS . LAR'I'ER y:;,~ 'F+Y,; 'K • , , ~tt/f ~ :tM t 1t~4 . STATE OF D~m~~. Rhode. Island.. ...~y ss: County~ Providence I hercby certify that on this day, before me, an officer dul~!a~,u,`th,,o,rizcd in the state aforesaid and in the county aforesaid to take acknowledgements, personatly appeared. I~~~!1U~4~ -~~s }uS .Wlfe . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the ~ foregoing instrument and acknowledged before me that. ...tll@y. .....executed the same for the purpose therein ~ expressed. ~ t,,,,;~iftti~i~ss~,,~~r hand and official seal in the county and state aforesaid this..... ....26... .....day of ~ F ~;_:L/s'f.°~~,~ r'j'd)C.. 19.7.7.... ~ - .`iV} ~ ~m ~ ~ission ex'¢ June 30, 1981 . y ~ ; ~ - . . . . . . . . . . . . . .~.s~..,._ W.•.Y~R.~~. . . . . . . . . . . . . . . . . ~ - . ~ Notsry Public ' : 4 : T ' . f~ -.i' ~J.o ti~` '•~~if J, - 'Y Ij . ~1~~ O ~f~IJtllfif I:f~'+~~• (swu e~~ow Tnis Lio~ Reserv.d Fo. ~end~. ,na eeco.de.r ~c ~ ~ / LEO ANO RECOROt~ S~.LUCIE COUNTY flA. ~ ~ ROCER POI?RAS ~ Ci FRR C'R~ COU~~ ~ ~ ~ . J~~+ 3 10 3e AH'T7 ~ ~ ~ 3~8151 _ ~ ~001(2•V~ PAGE 3W i 8 . ~~~G,