HomeMy WebLinkAbout0265 : t . . ~ t
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prior to entry of a judament enforcing t6is Morttage if: (a) Borrower pan l.endet all surra which would be then due under
this Mongage. the Notz and nota xcurina Future Advar~ca. if anY. had no accele~ation occurrcd; (b) Borrower cura
all brcaches ot any other oovenanu or apreme~ts of Borrower rnntainod in th~ Mo~t~ages: (c) Borrower p~y~ sll reasonaWe
eapenses incurred 6y I,ender in enforcing the cove~a~ta and ajreements ot Borro~rer contained ia this Monga~e and in
enforcing I.enda~ a remedia as provided in pangraph 18 Aercof. includina. but not limited to. teuonabk attorney's fea: and
(d) Bormwer tskes wch ~tioe as Lende~ may reasonably rcquirc to usure that the lien ot this Morts,aae. Lenckr's iaterat
in Ihe Propetty and Bornower's obligation to peiy the sums sccurcd by tha MoRpge slwll conti~ue unimpsirod. Upon such
payment and cure by BoROwer. this Mortgage and the obligationa xcurcd hereby shall rcmain in full foroe aad alfect as if
no acceleratan had occurted.
2A. A'd~aea ot Reas; A'poi~tseot ot Recelver. As additaoal security hercunder. Borrower hercby assians to
Lender the teols ot the Property. provided that Borrower shall, prar to accekratan under puaaraph 18 herooE or abandon-
ment of the Prnperty. have the right to collect and ntain such rents ac they bocome due and payabk.
Upon accekration ur~der pangraph 18 herooi or abandonment of the Pmperty. l~e~der shall be entitkd to have a
rcceiver sppointod by a oourt to rnter upon. take poasessan of and manage the Propetty and to colket the re~ts of the
Property. including those past due. ^II rcnts collected by the roaiver shall be appliod fint to payment of the coata of
management of tl~e Property and rnllection of rcots. including, but not limited to, receiver's foes. premiums on reaiver's
bonds and reasonabk attorney's fees, and thea to the sums securod by this Mortaage. 'Il~e receiver shall be liable to s~a:ou~t
only for those t~ents actwlly roceived.
21. F~tve Ai~a~ee+s. Upan request by Borrower, l.ender, at I.ender's option within twenty years fr+an the date of thi:
Mortgage. may make Future Advances to Borrower. Such Futurc Advances. with interat therooh. shall be securcd by this
Mortgage when evidenoed by promissory notes stating that said nota arc socurcd hereby. At no time shall tbe ptincipal
amouat ot the iadebtede~eas secuted by this Mortgage, not including sums advanad in accordanee herewit6 to protect the
security of this Mortgage, eXCCed the original amount of the Note plus USS. . . - . . . • . . . . • • • . . • • . • • • - • • • • •
22. Rdearc. UpQn paymeat of all sums secured by this Mortgage. Lender shall r~eleue this Mortgage without charge
to Borrower. Borrower sha0 pay aU costs of rocordatan. if any.
23. Attonep's Fees. As used in this Mortgage and in the Note, "attorney's fces" shall include attorney's fces. if any.
which may be awuded by an appellate rnurt. '
IN WITNESS WHEREOF, Borrower has executed ~his Mortgage. ~
Signed, sealed and deliverod
in tt~c D nce of:
.
. . . . . . . . . . . . . . y~ . . . . . . C~ . ~ . . . . . . . . (Seal)
itness 1) Greqory C. C. Niu ~ -8Of°'""
. . . . . . . . . . . . . . . . . j . . . . . . . . .~r .
Witness (2) ~ Kathleen C. M. Niu ~rOMf~`
STATE OF ..j~}~,.~k. ~ . .C011I1t~I SS: ~iys.~,~
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. pcrsonally appeared ...Ci~eqoiy. .C. . Ni.~t ~nd . KaXh].een. C.. M~
. . . .~~u,. h~~ . . . . - - - . . . . . . . to me Ic~own to be the pcrson(s) described in and who executod the
foregoing i~strument and acknowtedged before me that zheg ezecuted the same for the purpose therein
; eapressed .
' W~rHess my hand and offi ial seal in the county and aforesaid this. .2nd .day of
f . . . . Ja?nw~uCy. . . . . . . . . . . . . , 19 . 79. . . .
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; My Commission eapires: /y ~ ~
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h~CORvED 3f2N~'~t/ ?~~~:Y~:O LTL.'.
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