HomeMy WebLinkAbout1612 prior to entry of a judgmatt enforcing this Mortpge if: (a) Borrower pays Lender all sums which would be then due under
this Moripge, the Note and rates securing Future Advances, i[ any. had no acceleration occurred; (b) Borrower cures
all breaches of any other eoveaants or agreement: of Borrower rnntained in this Mortpge; (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 attorney's [tes; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of thk Mortpge, Lender's interest
in the Property and Borrower
i obliption to pay the sums secured by this Mortpge :hall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby :hall remain in full force and effect as if
ra sccekntion bad occurred.
2t. AwlgyeM of Ret~ AppintseM of Receiver. As additanal security hereunder, Borrower hereby assigns to
Lender the rents of the Property. provided that Borrower shall. prior to accekntion under paragraph 18 hereof or abandon-
ment oI the Property, have the right to collect aad retain such rents a: they becane due and payable.
Upon accektation under paragraph 18 hereof or abandonment of the Property. Lender shag be entitled to have a
receiver appointed by a court to enter upon, take possession of and manage the Property and to eolkct the rents of the
Property, including those past due. All rents collected by the receiver shall be applied flrst to payment of the costs of
management of the Property and collection of rents, including, but rat limited to. receiver's fees, premiums on receiver's
bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. 'ibe receiver shall be liable to account
only for those rents actually received. ,
21. Frrttre Ad~atca. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this
Mortpge, may make Future Advances to Borrower. Such Future Advances, with interat thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortpge, not including sums advarroed in accordance herewith to protect the
security of this Mortpge, exceed the original amount of the Note plus USS.. • . _ ' . r. r.- .
Z2. Relate. 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 fas" shall include attorney's fees, if any,
which may be awarded by an appellate court.
Ire WITNESS WHEREOF, ]Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
Q Y....
/ Char 1 es ~ Borossa -eo~r~..
. .;..C~:'t_' V . `jft'`•(n,~ ~~Sf/~ .....................(Seal)
Vessel a ~ Borossa ~ ~errowtr
STATE OF~~........CaQadsl _......~1~I~S:
1 hereby certify that on this day, before roc, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared..Gbarl SS .4000SSr~I .and .VlrS$a~a . QOrR`i.~ia, .
..his.:"tL1+e to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that...tbt;y.......executed the same for the purpose therein
i expressed.
i
~ WITNESS my hand and official seal in the county and state a_ foresaid this........1.~tb ............day of
I .................19.7.9. .
. - ~ ~fi:.. - ` notary tic .
t. f i
"~C+yf:~F t'
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lsWce Below This Line Reserved For Lender and Recadcr)
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3 FILED-AND~REt;ORb~f~_
~ 5T, ~.Ur,IE COUNTY, ALA.,
r ^^F% `1~RIFIEp
_ ~3251~4
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'~9 JAN 31 PM f2 ~ 2q
I~:OC..r? pp!7P.LS 0 ~ 302 rrr~~~~
. ~ CLERK CIRCUIT COURT 800! F,.;,.
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