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HomeMy WebLinkAbout0172 1 ( prior to e~try of a judgment e~forcing this Mongage it: (a) Borrower pays Le~der all sums which would be then due under this Mortgage, the Note and notes securing Future Adva~ces. if any, had no acceleration occurred: (b) Borrower cures all breaches of any othe~ oovenants or agreeme~ts o[ BoROwer contained in this Morigage; (c) Botrower pays all rcuonable expenses incurred by Le~de~ in enforcing the cove~agts and agreements ot Borrower contained in this Mongage and i~ ; e~farcing L~nder's rcmedies as provided in pangraph 18 hcreof, including, but not limitod to, reasonable attorney's tas: and : (d) Barrower takes such action as Lender may rcasonably require to assure that the.lien of this Mortgage. Lender'a i~tecest in the Propeny and Bomower's obligation to pay Ihe sums securcd by this Mortgage shall continue unimpaired. Upon such ; payment and curc by Borrower, this Mortgage and the obligations sccurcd hereby shall remain in full force and effect as if ' no acceleratio~ had occurrcd. ~ 20. Assia~meat ot Reatx AppoiMmeat ot Receiver. As additional security hereunder. Borrower hereby usigns to Le~der the rents of the Propeny. provided that Bomower shall, prior to accekration under pa~agnph 18 hereof or~abandon- ~ ment of the Property. have the right to collect and retain such rents as t6ey becwne due and payabk. Upon acceleration u~der paragraph 18 heroof or abandonment of the Property. I.ender shall be e~titled to have a receiver appointed by a court to enter upon, take possession of and manage the Pmperty and to rnllect the rents of the Propeny. i~cluding those past due. ~~All rcnts collected by the rcceiver shall be appliod first to payment of tht costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on rcceiver's ~ bonds and reasonabk attorney's fea, and then to the sums secared by this Mortgage. '[7~e receiver shall be liabte to account ! only for lhose rents actually received. ~ 21. Fature A~asces. Upon request by 8orrower, Lender, at Lender's option within twe~ty years from the date of this ; Mortgage, may make Future Advances to Borcower. Such Future Advances, with interest thereon. shall be secured by this , ! Mortgage when evidencod by promissory nota stating that said notes are securcd hercby. At no time shall the principal j amou~t of the indebtodnas secured by this Mortgage. not including sums advanced in accordance herewit6 to protect the security of this Morlgage, excetd ihe original amount of the Note plus USS. ? 22. Relea~e. Upan payment of all sums secured by this Mortgage. I.ender shall release this Moctgage without charge to Borrower. Borrower shall pay aU_costs of recordation, if any. ; 23. Attoraey's Fees. As used in this Mortgage and in the Note. "attomey's fees" shall include attorney's fces. if any, which may be awarJed by an appellate court. ~N ~1~/ITNESS WHEREOF, Borrower has exe~:uted this Mortgage. : , Signed,-sealed and delivered in the Oresence of: ~ ~ ' . M.~_ . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . (Seal) -e«rarer P~ D. Morris - . . . . `D.`(~..cx.~.~: ict.,: . . . . . . . . . . .t- . ~ . . ~~!~.~~o . . . : tSeal) i ~ " Eveayn J. or -8orvi"" , - STATE OF ~~I~, - . . . . . New . Flexi . . . . . . . . . . . . . . . . . . ~~l~b/~ ~ ~ . • I hereby certify that on this day, before mc. an officer duly authorized in the state aforesaid and in the oountj+ aforesaid to take acknowledgements, personally appeared ....pau 1• Q.• -MOC c i s• and • Evea~r? •J Mof~ NS ~ • • •h i s• v~ti fe • • • • • - • - • - • - • • • • • - • • • to me known to be the person(s) described in and who executed the i foregoing instrument and acknowledgcd before me that. t~y....... .executed the same for the purpose therein I exPressed. ~ . ' WlrKess.my hand and oflicial seal in the county and state aforesaid this. .18 h ...day of ~ E - ~ . Apr.it . . . 1979~ ` My Commission expires3 ~ 's - . . ~ ts.a~ ~ r~oc, r~o~~ x i s ' ~ ~ . a ~ ~ ~ 3 ~ ; y (Spaoe Below This Line Rastrved ForLender~nd Retor6er) ~ `~h/~ ~ ' . ~ 05tr££ Vala~Jl3 '3~2~?Id 1L0~ ?;~''-".y =~`::v'-1i:0 LILZ : • - ~ JlNyd; :G~ ~ : J-.~i i~~~: 3l1_I1 ~~tJ~IH~ - ~ . 4 19Z9 I~AY -~2 P!i ~ 20 rt~ R ~ rF ~ ~t-~~ • ~ 'AEC6R0"~Rlf ~ 4429'78 ~ BGOK JOS oAGf ~ . . ~ ~ ~ ~ , . : ~ - _ . - - -