HomeMy WebLinkAbout1864 prior to entry of a judgmtnt en[orcing this Mortgage it: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, i[ 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 reasonable
expenses incurred by Lender in enforcing the covenagts and agreements of Borrower contained in this Mortpge and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable ariorney's fees; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, lender's interat
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and elicet as if
no acceleration had occurred.
20. Aasigtusteat of Reatst AppoiMtaxat of Receiver. As additional security hereunder. Borrower hereby assigns to
I_cnder 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 st tLey 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
Property, including those past due. All rents collected by the receiver shall be applied first to payment of the coats of
management of the Property and collection of'rcnts, including, but nw limited to, receiver's fees, premiums on receivers
hoods and reasonable attorney's foes. and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received..
21. Fntore Advances. Upon request by Borrower, lender, at Lender's option within twenty years from the date o[ this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes arc secured hereby. At no time shall the principal _
amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount o! 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 costs of rernrdation. if any.
23. Attorsielr's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the pre nce of: /
~ ~ V ,
~1.f1.( . ~ .(seal,
Cintin E L. Woods ~ -eo"'dM"
Joan Petrovich anne W. Woods ~O"°""
f
STATE OF~I~/~ ........M 1 Cll.i gars .........¢~i~:
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared..Eae) . L....WOOds. and .Joanna W..Woods, .h i s. wi fe
to ine known to be the person(s) described in and who executed the -
foregoing instrument and acknowledged before me that...they.......executed the same for the purpose therein
expressed. -
WITNESS my hand and o6icial seal in the county and state aforesaid this....... 2Lat ............day of
~ . December. 2.1............ 19.7.8 .
My Commission expires: 12-31-79
_ _ ~S"q -~_y.' David E. Hartman NOf"v pie
~v s•s ~ r.
E
~ :J• '
# ~ _
. ~ Vii,,'?
t r.-
~ • , s `
(Spsoe 8slau This LiM Rsservsd For Lender sod RstOrOlh
• t
• '
.
~ ~//IVV/...
-
3 ~ -
x '3~ I S F.1 3: 3 0
~
~s
r
. s~~K 301. ~~~F1g59
r
z
r
~ _ _