HomeMy WebLinkAbout1298 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any. had no acceleration occurred; (b) Borrower cura
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasotubk
expenses incurred by Leader in enforcing the covenants sad agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's foes; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage. Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue uaimpairtd. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full fordo and effxt as if
no acceleration had occurred.
20. Asdgarues,t of Resus; Appolatmeot of Receiver. As additional security hereunder. Borrower hereby assigru to
Lender the rents of the Property. provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a court to enter upon. take possession of and manage the Property and to collect the rents of the
Properly, including those past due. All rents collected by the receiver shall be applied first to payment of the costa of
management of the Property and collection of rents. including, but not limited to, receiver's fees. premiums on receiver's
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 7be receiver shall be liable to account
only for those rents actualiy received.
21. Future Advaecea. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgagt when evidenced by promissory notes stating that said notes arc secured hereby. At no time shall rho principal
amount of the indebtedaGSS secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS..""~' • • • • • • •
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all coats of recordation, if any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes, if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage. ~M ~ w t-•
. Yh•.Q..f~{• (Seal)
Signed, sealed and delivered ~ -Borrower
in the Dr nce of: (Seal)
. . .
J FRI -Borrower
. ~ .urY'!xt!G~~ (Seal)
P • A. •F ' -aomow..
` . ` . ~ . (Seal)
• . MARY Ra6E 11AUSMAN ~ -eorrvw.r
STATE OF , . ~~Qs • • • • - • • • • •~~~~~n .............~~...IICOtlppnty S5:
~ • horiu~d~ ~ w F h'
I hereby certify that on this day, before me, an officer duly aut to the state aforesaid and in the coon
aforesaid to take acknowledgements, personally appeared.... J(2AI'I.41• • FRt.CKI:$, • ~AP~+
F$~Ga• • ROS);, HAt1SMAN...., to me known to be the person(s) described in and who executed the
foregoing instnttnent and acknowledged before me that thgY .......executed the same for the purpose therein
expressed.
WITNESS my hand and official seal in the county and state aforesaid ~ . TN • • • • • • • • • day of
A~Se~o~ber 19.7.$
~ •M Com4p~sion expires: E
_ y ~ . ~,~I
j
tS~ otsry Riblie
• PETE 1. Nr',1c2-~ .
Notary PubL•c, ;~t..~, ~ ,
t - fly tcnmissiun Exp~ia ~,t. ,
(SpaKe a~bw TAis lirn Rtsavsd For LendK and Recorder)
s
I
j
Q~RK3U1 ~K,~1293
-
_ ~ t
;
~„1,.