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HomeMy WebLinkAbout1697 . prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under this Mortpge, the Note and notes securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortpge; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants and agreements of Borrower rnntained in this Mortpge and in enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees: and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortpge. Lender's interest in the Property and Borrower's obliption to pay the sums secured by this Mortpge shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and ef[ect as if no acceleration had oceurred. 20. Assl~gamest of Rents; AppiMtnent of Receiver. As additional security hereunder. Borrower hereby assigns to Lender 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 ac they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a receiver appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the Property, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receivers fees, premiums on receivers b bonds and reasonable attorney's foes, and then to the sums secured by this Mortpge. The receiver shall be liable to account only for those rents actually received. 21. F~tnre Ad~saces. Upon request by Borrower. Lender, at Lender's option within twenty years from the date of this Mortgage, may make Future Advances to Borrower. Such Future Advancers, with interest thereon, shall be secured by this Mortpge 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 Mortgage, not including sums advanced in accordance herewith to protect the security of this Mortgage, excced the original amount of the Note plus USS.. 22. Release. 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 fees" shall 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 delivered in the presence of: ..t. (Seal) ' ~ John F. Green ~r`~r lie tL cL-, R ~t- . ~ - .~.~'~7~. ......(Sea!) ~ ~ ~ Bonnie J. Greevvn/ TATS OF r'~~t~ . ~ GH.I ~N ..f~~~~t~~~11 ~b6(slit!j/SS: 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.. Jahn .F, . Gre,,~rt .sled. Bsann ie. J,. &reeo,..... . ......bl 5. 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 expressed. j WITNESS my hand and of5cial seal in the county and state aforesaid this.......l8th .............day of ..........:.....May.............,19.79.... My WAS. ROGERS, 1R. /'~~i/~~ ~ _ ti4~+ NotaryQuhi.. Katy^az~o C~ .,.y +~;-h. .~~~r~!!. ' i~ ,i' ~ t:C~,i3:;~a i:x;ia5 (i~.l• ITT ~`r9~ . ! bI . ~ Nota?f PuD1ic E J. ~ ~ ~y ~ ~ 1 `1 ` G (/,,~3 V~~~i I (Spite Below TAis liM Res~rwd For Lender and Recorder) ~z' ll O~b££ d^,INO~~ '3~Z31d 1210 9 29 2~ ~rs~d~,,:~ ~:,sti::n~vl ~llll CJtl~IHO : ?u ~ FtlEO ANO f+tG _ FrE~O S ROGER Pt)IIRAS~ CIFItK GRgp~ R£COP.D VERlflf 9 R 44883 i 'is+..~ K ~ 3U9 ~~~t 1694 • - ~ s _K n a=.