HomeMy WebLinkAbout0928 p~or to entry of a jud~msnt eAforci~~ thi~ Mon~age it: (a) Borrower pa~n Lender al! eums which would be then due undar
th~ Mort~a~e. the Note and nota securin~ Future Advanca. it any. had ~a acaleration occurred; (b) Borrowe~ cura
all breacbe~ of any otber coven~nq or asroemen4 ot Borrower conuined ia this Mortp~e; (c) Borrower payt dt reasonaWe
oxpeasw incurred by Leode~ ia enforcins the cavensnu and ~Sreementt ot Borrower contained in tbis Mort~e and in
. enforcias Lender's remedia as providod in pzraasph 18 heeoot. includioj, but not limited to. reasooable attomey's tea: aad
(d) BoROwe,~ taka wch action as Leader may reswnably require to asiure that the lien of thu Mottpje~ [.ender's interast
in the Property utd Borrower's obli~atioo to pay the sumi ~curod by thu Mortp~e shall oontinue unimpaired. Upoa wch
payment snd cun by Bornower, thi: Mortp~e aad the obligado~u aecured hereby shall remain in full toroe aad eQect as it
no accekntion 6ad occurrod.
20. A~dpwe~t ot Redq Appoi~tseet ot Recel•er. Aa additional security her~euader. Borrower hercby aasitas to
Lender the renu of the PropeRy. provided that Borrower shall, prior to accekntion under pua~raph 18 he~eof ot abandon•
ment of the Property. t~ave the ri`ht to collect aod rctain such rents at they baome due and payable•
Upon aceeleradoc~ under puag~aph 18 hereoi o~ aba~donment ot the Property. L.ender ahall be entitled to have a
roceiver appointed by a oourt to enter upon. talce possessio~ of and maaa~e the Property aad to colkct the nab oi the
Pmperty. includinj those past due. All rents colkcted by the reaiver ahall be applied fint to payment of tbe costs of
managemedt of the Property and collection of r~enu. including. but not limitod to. receiver
s fees. premiurru on reaiver's
boods and reasonabk attorney's fees. and then to the aums secured by this Mortgage. 7~e roceivsr s6s11 be liable W aocaunt
only for thoae renta actuaUy receivod.
. 21. Fetiue Aa~aocar. Upon roquest by Borrower. Lender. at Lender's option within twe~ty years from the date of thi:
Monga~e. may malce Future Advances to Borrower. Such Future Advanoes. with iaterat thereoa. shall be secwbd by tl~u -
Mortgage when evide~xd by ~xomissory notes stating that said notes are secured heroby. At no time sball tbe principa!
amount of the iadeWedness secured by this Mortgage. not inciuding surtu advanoed in acoordanoe herewith to protect the
.
- security of this Mortgage. exoad the original amount of the Note plus USS.
Rdaa. Upon payment of ~11 swns secured by this Mortgage, Leoder ahall rclease tlw Mort~s~a without chu~e ~
to Bornower. Borrower shall pay aU coats of rccordation. if any.
23. Attorsey's Fees. As used ia this Mortgage and in the Note. "attorney's foes" shall iaclude attorney's feea. if sny~
which may be awudod by an appellate court.
IN WCINFSS WHBREOF, Borrower has executed this Mortgage.
Signed. sealed and delivered ~
in the presence of:
~
Z . ~~S.ti~.~~'B'~
X. . . . . . . . . . . . . . . . . . . .e~~.~~
~i~~~~a'' ' . . . . . . . . . . )
. Sr~rg o~ .~.I~iDIl1NA, . . . . . . . R].khart . . . . . . . . . . . . . .Counry ss:
I hereby certify that on this day, before me, an oH'icer duly authorized in the state aforesaid and ia the county
aforesaid to. talce acknowledgements~ personally appeared...WILLIS D, .$$$~LY .$..~~Xs .
. . . . . . . . . . . . . . . . . . . . . . . . . . to ~ne known to be the petson(s) deacdbed in and who eaecuted the -
foregoing instrument and acknowledged before me that ....~.~Y. exocuted the same for the purpose therein
expressed. "
~ Wtrtaess my hand and official seal in the county and state aforesaid this. . 1.3tb .day of
. . . . . . . HQY~~F . . . . . . . . . . . . 19.7$..
~ My Commission expu+es: Juae 1 ~ ~ 1982 . I~~~/` . . . l . . . . . . . . . . . . . . . . . . .
~j7~i
~ n~ak
e~~, Debra g 8eleon .
( * SEA?L * Elkhart County
~
~~?~~IAN*
(Sp~p B~low This Lin~ R~fKV~d For Lsnd~r ~nd R~oord~~
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BOi~ 2c~ PACE ~28
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