HomeMy WebLinkAbout2649 prior to entry of a judgment enforcing the Mortpge if: (a) Borrower pays Lender all sums which would be then due under
this Mortpge, the Note and notes securing Future Advance:, it any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expense incurred by Leader in enforcing the ~venagts and agreements of Borrower contained . in this Mortpge and is
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fee; and
(d) Borrower takes wch action az Len~sr may reasonably require to assure that the lien of this Mortgage. Leader's interest
in the Property and Borrower's obliption to pay the sums secured by the Mortpge shall oontiatre unimpaired. Upon such
payment and cure by Borrower, this Mortpge and the obliptio~u secured hereby shall remain in fuq fora and eRect as if
no acceleration had occurred.
2f1. AadpmeM of RerNsl AppoirrtaeN of Receiver. As additional security hereunder. Borrower hereby assigns to
Lrnder 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 PropeAy. Lender shag be entitled to have a
receiver appointed by a tbtlrt to enter upon, take possession of and manage the Property and to collect the rents o[ the
Property, including thane past due. All rents collected by the receiver shall be applied first to payment of the costs of
management of the Property and rnllection of rents, including, but not limited to. receiver's fees, premiums on receiver
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bonds and reasonable attorney's fees, and then to the sums secured by this Mortpge. The receives shall be liable to account
only for those rents actually received.
21. fihrta~e Aivaaca+a. Upon request by Borrower, Lender, at Lender's option within twenty yeah from the date of this
Mortpge, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortpge when evidenced by promissory notes stating that said notes are secured hereby. At no Gme shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in aooordanoe herewith to protect the
security of this Mortpge, exceed the original amount of the Note plus USt."• " .
22. Rekaae. Upcsn payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all coats of rernrdation, if any.
23. Attoney's Fees. As used in this Mortgage and in the Note, "attorney's [ees" shall include attorney's foes. if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the Dr+esena of:
' ! N ~
Edwi R. Drueke,~Q
. - - - ~ ~ . (Seal)
. -eo.ro..,
~..~LL,, Betty D. Drueke ~y~ _
STATE OFlk~ibGldis' .........Y i ~g i n i a ......................~tldt~~s: ~O ~,1J1~~tnuQ_ 1(GtQ~v
I hereby certify that on this day. before me, an officer duly authorised in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared..Edwin. R...Drueke .and.6eixy..D.. Drueke, .
his wife .................................~to me 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
expnsssed.
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WITNESS my hand and official seal in the county and state aforesaid this............17th........day of
~n-~,,:.. Nanch 19.7.9
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