HomeMy WebLinkAbout0308 prior to entry of a judgment entorcing this Mortgage it: (a) Borrowe~ pays I.en~k~ all sums wt~ich would be then due under
~his Mortgage, the Note snd nota securing Future Advancos, i[ any, had no acctleration occurred; 1b) Borrower cu~es
all breaches at any other covenants or agreements ot Borrower contained in Ihis Mottgage; (c) Borrower psys all reasonabte
expenus incuned by I.ende~ in entorcing ~he covena~ts and agrcements of Borro~wer ~~ontained in this Mo~tp~e and in
enforcing l.ender's remecties u provided in pangraplt 18 Aerep(, includins, but not limitW to. ressor~able attotney's toa: and
! d) Bonower taka such action as l.ender may reaionably rcquirc to assu his Mo~tgage, Lender's intercst ~
in the Propeny and Aorrower's obligation_to pay the sums securcd by this Mongage shall continue un .
payment and curc by Bor~ower, this Mortgage and ~he obligations secund hereby ~hail rcmain in ful) torce and elfect as iI
na acceleration had occurred.
20. Assi~nmesl ot Reotr, AppoiMa~cnt ot Recelver. As additional security hercunder. Barrower hereby assigns to
l.encier the rc~u oi the P~openy, providcd that Borrower shall, prior to accekration unde~ paragraph 18 heroof or abandon-
ment of the Property, have the right to collect and ~etain such rcntc u t6ey become due and payabk.
Upon acceleration undtr paragraph 18 hercot or abandonment of the Property, Lender shall be entitled to have a
receiver appainted by a court to eoter upon, take possession of and manage the Property and to collect the rents of the
Property, including those past dut. All rents collected by the receiver shall be applied Bnt to payment of the costs of
managemtnt of the Propeny and coliection o( tents, inctuding, but not limited to, receiver's fees, pnmiums on ~eceiver
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bonds and reasonabk attorney's fces, and then to the sums seeured by this Mortgage. 'il~e receiver shall be liable to accou~t _ .
only for those rcnts actually received.
21. F~~re Advaaca. Upon request by Borrower, Lender, at Lender
s option within twenty ytars from the date o( ihis
hio~tgage, may make Futurc Advar~ces to Borrawer. Such Future Advances. with interat theroon. shall be secured by this •
Mortgage when evidtnc+ed by promissory notes stating that said ootes are securcd hercby. At no time shal! tt~e principal
amou~t of th~ indeblodness securcd by this Mortgago. not including sums advanced in aocordance hetewith to protect the
security ot this Mortgage. excced the origi~al amount of the Note ptus USS...
22. Rdeare. Upan payrr~nt of all sums secured by this Mortgage. l.ender shall releace this Mortgage without chuge
to Borrower. Borrower shall pay aU costs of rccordation, if any.
23. Attoraeys Fees. As used in this Mortgage and in the Note. "attorney's fees" shall include attomty's fas, i[ any,
which may bc awarJW by an appell~te coun.
IN WlTNESS WHEREOP, Borrowcr has cxccutecl this Mortgagc. - ~
Signed, scalcd and delivcred
in the presence of:
1 .
~ ~~~:~1~-~~-~-~.... ~ ;
. ~
, David Ormond Hunter -~o~.ow~r
~
~ . . . . . . . . . . . . . . s . . . . . . . . . . . . . . . Seal
. . . . . 11. . .,~~~cn.t'~C'~C . . . . . . . ( ) ,
Ruth J . Hun~r -aw~o+r«
$TATE OF ~1ddd,(, . . . . . . . . . . r~?cxzc~nnt . . . . .`.~!I?CI L~~s?~G'.,~6d6~fe~?/u:
1 hercby certity that on thu day, before mc, aa officer duly authoriied in the state aforesaid and in the county
atoresaid to take acknowledgemcnts, p~:rsonally appeared. . Dav,id, Ormo~}d ,H~t,e,r ,~d. Rltt.h .d. . Hunter, `
, . his_ wife . , _ _ , _ . _ , . _ , , , . . . to me known to be the person(s) ciescribed in and who executed t6e
foregoing instrument and acknowledged before me that. .~C~gY. ...executed the same for the purpose therein ;
ezpressed. -
WiTHess my hand and oR~tcial scal in the county and state af~resaid this: . . . . . . . ~~h . . . . . . . . . . . .day of ~
. . . . Octobe~' . 19. ..78
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