HomeMy WebLinkAbout0243 Qrior to entry of a judgment e~foccing this Mortgage if : 1 a) Bar~ower pays l.cndcr all sums which would be then due under
this Mortgage. the Note and notes securing Future Advancos, if aoy, had no accelerat+on occurrcd; (b) Borrower cures ;
all breaches of a~y other covenants or agreements of Sor~ower conlained in this Mortgage; (c) Bo~rower pays al! reasonable ~
expensas inc~rrod by Lender in enfonina the covenants and agreements of Borcower. contained in this Mortgage and in 3
enforcing l.e~der's remedies aa provided i~ paragraph 18 herco[. including, but not limitod to. reasonable attomey's feas; and ,
(d) Borrower takes such action as Lender may rcasonably require to assure that the lien of this Mongage. Lendcr's i~tereat
i~ the Propecty and Borrower's obligation to pay the sums securcd by this Mongage shaU contin~ie unimpairtd• Upon such '
payment and cur~e by Bormwer~ this Motigage and the obligatio~s secured hereby shall remain in full force and effect as if `
no acceleration had occurred. •
20. As~ameM ot Rea1~ Appoiotment of Ra~iver. As additional security herrunder, Borrower hereby assigns to !
Lende~ tt~e rents of the Property. pr~ovided that Homuwer shall, prior to accele~ation under paragraph 18 hercof or abandoa- ~
ment of the ProQerty, have the right to collect and ntain such ronts as they become due and payabk. ~
Upon acceleration ur~der paragraph 18 hereof or abandanment of the Property. Lende~ shali be entitled to have a ~
receive~ appointed by a cou~t to e~ter upon. take possessio~ of and manage the Property and to collect the rents of the ~
Property, inctuding thoae past due. AI! rcnts collected by the receiver shall be applied first to payment of the costs of ,
managemeet of the Property and collection of rents, including, but not limited to, receiver
s fees. prcmiums on receiver's ~ i
bonds and reasonable attorney's fees, and then to the sums sccu~ed by this Mortgage. 'Iltie. roceiver shall be liable to account . ;
only for th~e rents actua.lly received.
21. Futore Advancis. Upon requat by Borrower. L.cnder. at Lender's option within twenty years from the date of this
Mortgage, may make. Future Advancas to Borrower. Such Future Advances, with interat thereon. shalt be socurcd by this :
Mortgage whe~ evideaced by promissory nota stating that said nota are secured hereby. At no time shaA the principal ~
amourtt of the i~debtod~ess secured by this Martgage. noi including sums advanced in acxordance he~ewith to p~otect tho #
security of this Mortgage~ txcad the original amount of the Note plus USS . . . . . . . . . . . . . . . . . . . . . . . . .
22. Reka~e. Upon paymeat of all sums secured by this Mortgage, Lender shall release this Mortgage without chargt ~
to Borrower. Borrower shall pay aU coats of recordation. if any. _
23. Attoraey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include at~orney's fces, if aay, ~
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage. ~
Signed, sealed and delivered
in the presence of: .
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! . . . . . . .`L: . ~-~C'yr. - . . . . . . . .al~ . . . . . . . . . . . . . . . . (Seat)
;n 4~ k? . . . ~
~ - ~ J~ eph alma -e°"°"r" ~
~ ~ 'r ~ . ~ ' ~ ~ ~ ~ Y f : : . . . . . ~.7Ga~~ ~
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~ : .BIr.~'-.1` ' ~.ucy s~ ' ' ~ -eo„oM,.. -
~ ~ 3~~eY '
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~ ' oF- . . . . . . . . . . . . . . . . . . . . . . . . . . County ss: :
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O C> - ; •r ;i
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r.'°.t~treby;c~~iify ihat on this day, before me, an officer duly authorized in the state aforesaid and in the county
~ id-to~t acknowledgements, pcrsonatly appeared. Jn~teph.DePa]ma .and. Luc}~ .DeY~lma,• h~s •~~e
d ; . . . . . . . . . . : . . . . . . . . . . . . . to me known to be the person(s) described in and who executed the .q
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~ foregoing instrument and acknowledgcd before me that .....~1ey executed the same for the purpose therein {
expc~adr"i : f . ~ O i
~ ~ ' y~j.I~tand and official sea! in the county and state aforesaid this.~. -3 . . . .day of
y- . ~ ~ : . . . . . . . . . . . 19 . . 7.$ ;
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~ : _~~.8 .~pTt~RY PU~lIC OF t~£~ J.RSE7 • •
. r~ r~a..y waK ~
•~~yr. Comnission ExpirES June 4, 198+ ~
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~ =~?~7pRY SEAL ~ ° 1:.~_.. ci~ .
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