HomeMy WebLinkAbout0946 . ~t'i 1"./1 CI 17 ~ ~ ~
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prior to entry of a judgmtnt enfoning this Mortgage if: la) Borrower pays Len.ler all sums which wauld be then duc under
this Mortgage, ihe Note and notes securing Future Adv•rnces, if any, had no acceleration ~~ccurred: 1 h 1 Borrower cures
all breaches of any other covenants or agreements of Borrower,containeJ in this ~lortgage; Ic) f3orrow•er pa~~ att reasunahle
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this I?lortgage and in
enforcing Lender's remedies as provided in paragraph 18 he~ea(, including, but not IimitcYi to, reason3hle attorney's fees; and
(d) BorroWer takes such action as l.ender may reasonably reyuire to assure that the lien of this Mortgage, I.ender's interest
in the Property and Borrower's obligation to pay the sums secured by this hlongage shall continue unimpaired. Upon such
p:+yment and cure by Borrawer, this Mortgage and the abligations secured hereby sh~l! remain in full force and effect as if .
no acceleration had occurred.
20. Assignme~t of ReMs; Appoiniment ot Receive~. As additional securiry hereunJer, Borrow•er hereby acsig~s to
Lender the mnts of the Propert~~, provided that Borrower shall, prior to acceicration unde~ paragraph 1R 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 ahandonment of the Property, I_ender shall be entitled to have a
receiver appointed by a coun to enter upon, take ~w~session of and manage the Property and to coflect the rents of the
Propeny, induding those past due. Alt reots collected by the receiver shall be applied first to pa}~ment of the a~sts of
man~gement of the Propert}• and co!lection of rents, including, hu1 not limited to, receiver's fees, premiums on receiver's
bonds and reasonable atrorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liahle to account
only for those renu actually received.
Z[. Future Advances. Upon reyuest h}• Borrowcr, 1_ender, at I_ender's option within twenty years from thc date of this
hfortgage, may make Future Advances to Borrower. Such Future Advance~, with interest thereon, shall he secured bv this
;~lortgage when evidenced by promissory notes slating that said notes are secured hereb~. At no time shall the principal
amc~unt of the indebtedreess secured by this Mortgage, not including sums ad~ d' c nce herewith to protect the
securit}~ o( this Mortgage, e~ceed 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 costs of recordation, it any_
23. Attoraey's Fees. As used in this Mongagc and in thc i~utc. "attorncy's fces" shall indude attorney's fees, if any,
which may be awarded b~~ :~n appellate court.
IN WITNESS WHEREOF, Borrower has executed thi~ Mortgage.
Signcd, sealed and delivered
in thc presence of:
. . : . . . ~ ~,-.t1~ ~ • . ~ L~(J.!t~Ct~. . . (Seal)
ITN BENJ IN E. BRACKNEY ~a~soR~~.
/ ~ . . . . ~ . . . . . . . . . . . . . . ~~~~-~'.a! ` . . . . . . ~ . . . . . . (Seal)
W TNESS iT,ELA M. BRACKNEY ~ -eo??owe?
I STATF UF ~,~0~ . . . . . . . _C:ounty ss:
1 hereby certify that on this day, b~fore m~, an otlicer dul authoriz~J in the stat~ afuresaid and in the count~~
aforesaid ±c~ ?ake aeknowledgrments, p~rsonall}• appeared. . . ~en~ amin. E Brae}c~~y. .and_ . . . . . . . _ , _
Lela M_.. .Braekney. ,h/w to me known to'tk the person(s) descritx~i in and who executed th~ ~
loregoing instrument and acknowledg~d before me that_ .~h~y. ...cxecuted thc sam~ for the purpos~ therein
cxprc~sed.
W Ess my hand and officiat srat in the co}~nty~ and state aforesaid this . . . . . . . . ~ . v . . . . . . . . . . . . day of
. 19~ `j.
,D4y~C.`ommission exp~res: f b• y(, / y~~
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~ I~11'`,• NoRaryPublic
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(Spsce Below This Line Resened For lender anA Recorder)
452,"7.43
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