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HomeMy WebLinkAbout0656 _ - - - - - _ _ . _ . . prior to en~ry of a judgment enforcing this Mo~tgage if: Borrowcr pa~~s I.ender all sums which w~ould tx: then due under this I~lortgage. ~he Note and notcs iccuring Future Advancec, if any, had no accelcration occurred; (b) Borrower curts all brcaches o[ any othcr cov~~~nts or agreements o( 8orrow~e~ contained in this Mortgagc: (c) Borrowc~ pa~~s all reason;.h1~ expenses incurred by Lende~ in en[orcing ~he covenants and agretments ot Borrower conlained in this Mortgage and in enforcing l.endcrs remedies as provided in parag~aph 1R hcreof, incl~xiing, but not limited to, reasonable auorncy's fees: and ~ (d) Borrowe~ takes such ac~ion as Ixnder o~ay reaxonably reyuirc to assu~e that the iien of this I~tortgage. I.o~der's intartst in the Propeny and Bnrrowe~'s obligati~n to pay the sums sccurcd by this 1~lo»gage shall continue unimpaired. Upon such payment and cure by Borrower, this I~tortgage and the obligations ucurcd hereby shafl remain i~ tull force and eHect as if ~ no acceleration had occurred. ~ 20. Assignme~t of Rents; Appoinlrt~ent of Recei~•e~. As additional ucurity hcreunder. Borrower hereby assigns to Lender the rents of the Property. provided that 8or~owrr shall, prior to acceltration under paragraph 18 hercof or abandon- ment of Ihc Property. havc the right to collect and retain such rents u they become duc and payable. Upon acceteration under paragraph 18 hereof or abandonment of the Propetty, Lendc~ shall bc entitted to have a receiver appointed by a court to eoter upon, take possession of and manage the Property and !o co!lect the rents of the Property. i~cluding those past due. All rents collected by the receiver shall be applied first to papment of the costs of managenxnt of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on rectiver's ; bonds and nasonabk attorney's tces. and lhen to ~he sums sccured by this Mortgage. "Il~e rcceiver shall be iiable to account only for those nnts actually receiv~d. 21. Future Adv9nces. Upon requcst by Borrov?•er. I_ender, at Lender's option within twenty years from the date ot this !~longage. may make Future Advancts to Borrower. Such Future Advances, with interat Ihereon, shall be secured b~ this Mortgage whert evidenced by Promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness ucurcd by this MoNgage, not including sums advanced in accordance herewith to protect ~he security of this Mortgage. excecd the original amount of ~he Note plus USS. . . . .-0- . . . . . . . . . . . . . . . . . 22. Rekau. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgagt withQUt charge to Bonower. Borrower shall pay all costs of recordation. if any. ~ 23. Atloraey's Fees. As uxd in this Mortgage and io the Note, "attorney's fees" shall include attorney's fces, it any. which may be awuded by a~ appellate court. • IN WITNESS WHEREOF, Borrower has executea enis iviurigagc. Signed, sealed and delivered in the presence of: . ~ j _f~~ ' ~ . . . . . . . . . . . ~ . . . . . ~~~41~ ~ t: ?f . . . a ` ~ t . . . . . . . . . . . . . . . . . . . . . (Scal) . ~ SfAIVI.~Y ~ C , PARIC.S ~ -ew?~e~ . . . . . . . . . . . . ! ~!4 . . . . . . . . ~~~?:u2.4. ~!f . . . . . . . . . . . . (Seal) F?I~)~ A. PARICS -so~rowet S?ATE OF~. . X~~~~ . . . . . . . . . . . . . . . . . . . . . . . . . .County ss: I hereby certify that on this day, befare me, an officer daly auihorized in t ~en s,~t te af resaid and in the co~~un~~ty aforesaid to take acknowledgements, personally appeared....S.T.~y.C:.P~`."''. an~.E~.~.ANORE,A.,PARK.S, , , , , , , , , , , , , , , , , , , , , ;his. wife , , _ . , to me known tq be the per~on(s) described in and who executed the foregoing instrument and acknowledged beforc me that. they ._.,,executed the samc for the purpose therein expressed. WtTrrESS my ha,~ d,~nd official seal in the county and state aforesaid this. . . . . . . . . . . . J. . . . . . . , . .day of . ..,~.c~rt-s~t-u~ ls7$. . x ~ . . t ,~y~.~~ion exp~res: . . . . . . . . . . . . . . . . ..~,.J~ . . . . ` ' . . ~ ` . . C,~; 44 t~-:~ ~T '-i~0- Na.ryPublic• : . . . ~ , _ ~ ~ _ ~ s s ~9 . ~ ~ ~ . ~ . - ' - - "f~ ~ . (Sp~ce Betow This line Reserved For Lenderand Recorder) f ~ ~ y F QkK PAGE ~4~