HomeMy WebLinkAbout0615 . .
' :
prior to entry of a judgment entorcing this Mongage if: (a) Bor~owe~ ~ys Lender all surtu which would be tben due under
this Mongaae. the Note and notes securina Future Advances. it any. had no aoalention occurred: (b) Bormwe~ cures
all breaches ot any othec oovens~nts or agraments of Bor~ower co~tained in this Mort~: (c) Bormwe~ pays all reasonable
expensa incurrod by L.eack~ in eniorcing the covenagts and agreemenb ot Bon~owe~ contained in this Mortpse and ~e
enforcing [.endet's remodies as pmvided in paragraph 18 hereot. including. but not limited to. reasonabte attorney'~ foa: and
(d) Bo~rower taka such action u Lender may rcaso~ably rcquire to asture that the lien of this Mwtaa6e. Lende~': interest
in the Propeny and Borrower's obligation to pay the sums secured by this Mo~tgage ahall continue unimpairod. Upon such .
payme~t and cure by Borrower, this Mortgage and the obligations securcd hercby shall rcmain in full force at~d eltect u ii
no acceleration had occurred. ~
20. A~ameN of Rtat~ Appolntmeat of Receirer. As additional sccurity hereunder. Borrowe~ herebY ass~Sns to ~
l.ender the re~ts of the Propcrty. provided that Bornower shall, prior to accekration under puagraph 18 hercof or abandon• '
ment o[ the Property, have the right to collect and retain such c~ents as they become due snd paYabk•
Upon acceleration w~der paragraph 18 hercof or abandonment of the Property. l.ender sha~~ be entitled to have a
receiver appointod by a court to enter upon. take poasession of and maoage the Property and to collect .the rents of the '
Prope~ty. including those past due. All rcnts colloctod by the receiver shall be applied lirst to payment of the casts of
management of tbe Property arid collection of rents, including, but not limited to, roceiver i fxs. premiums on receiver
s
bonds and reuonabk attorney's fees, and then to the sums securcd by this Mortgage. The receiver shall be liaWe to account
only for those rents actually receivai. -
21. Frtrre Ad~aec~s. Upon request by Borrower, Lender, at l.e~der's option within twe~ty yean from the date of this _
Mortgage, may make Future Advances to Borrower. Such Future Advanca. with intercst theroon. shatl be seeurcd bY this
Mortgage when evideacod by promissory nota :tating that said notes are socured bereby. At no time shall the pri~ciQ~al
amount of the indebt~dnas secured by this Mortgage. noi including sums advanced in aocordana herewith to protect the
security ot this Mortgage, exceed the original amount of the Nole plus USS
22. Bdease. Upqn payment of all swns secured by this Mortgage. l.ender shall release this Mortgage without chatg~
to Borrower. Borrower shall pay aU costs of raordation. if any.
23, Attorsep's Fees. As used in this Mortgage aod in the Note. "attorney's fea" shal) 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 detiveeed
in ti~c Dresence of: - ~
. ,
- ~ ' . . . . . . . . ~;7,~ l~i,~~; . . . . . . . . . . (Seal)
...~~~-F' ,l ~ ~
I~ Y. Ma~l.kaeian -~"O~'
J i Seal
. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 . • )
, ~Arsine Malkasian --eo.~«
$TATE OF ~~S~~PI~i . . . . . . . . MAR~YLAZ~TD~
. . . . . . . . . . . . . . . . . . . . . .~jf~(~ SS: C~~,(~~'~J _
_ V ~
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 M, .Y. . Ma11GS832~L arid •Ar831Le .M3~ kA~' A" s•
.hia.~?if~ to me known to be the person(s) described in and who executed tbe
' (oregoing instrument and acrnowledgcd beforc me that the~r eaecuted the same for the purpose therein ~
i expressed. '
I
W~TNESS my hand and official scal in the county and state aforesaid this.. .15tX1 . .day of
~ -
..Ianuazy. ~979. .
~ ~i~fy.Coidiq~sion expires: ~ p u:t 7 ~ ~
. / / ~ ~ . F
~ - [s..~ = A,o~w
~ - ~
n . - °
/ "S , i
ti ,
. ~•jT~j- _ :
• ~ . . s
~
. 7
' >
~ (Spaos BNow Thif LiM R~strvW FM Lend~I snd R h ,
C
~ ~r~~ ~ ^ D5~£ Va~O~Ntlb03LTLZ2l0~
D ~'tJ ~ECOROED~ 3f1N3
~ - • J~r?ydIMO~ 3~NVat1SN131111 O~VaIH~
. ~~'J,.T~. F~; ,
~ ~4~ -~~f~ ~t:r~
~ '79 FE9 I3 ;
M i~ . 35
~ ~ . I~ . '
~ e~rR~ '4'',~~ . o'~
~ , `'~4 ~~i!;?tr
~ .
~
~
~ ~ B°ooK ~3 rAC~ 61~~ ~
~ . ' . : : :
~
_ u
~ ~ _ _ - ~ _
~
~ _ . .