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HomeMy WebLinkAbout1215 . _ . i _t prior to entry of a judgment enforcing this Mortgage it: (a) Borrower pays Lender all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, if any. had no aaxkration occurred; Fb) Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage: (c) Borrower pays all reasonable expenses incurred by Fender in enforcing the oove~agta and agreements of Borrower contained in this Mortgage and in enforcing Lenders remedies as provided in paragraph 18 hereof. including, but not limited to, reasonabk attomey's foes; and (d) Borrower takes such action as Leader may reasonably require to assure that the lien of this Mortgage, Lender's interest in the Property and Borrower's obligation to pay the sums secured by Chia Mortgage shall coatintre unimpaired. Upon .such payment and cure by Borrower, this Mortgage and the obligations secured ixreby shall remain in fup force and effect ss if no acceleration had axurred. ZA. Aasl~esit of Resit; Appoiatrocad of Receiver. As additional -security hereunder, Borrowu hereby assigns to Lender the rents of the Property, provided that Borrower shall. prior to aooekration under paragraph 18 hereof or abandon- ment of the Property, have the right to collect and retain such teats as they beoomt due and payable. - Upon acceleration under paragraph 18 hereof or abandonment of the Property. Lends 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 coats of management of the Property and collection of rents,. including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's foes. and then to the sums secured by this Mortgage. 'Ibe receiver shall be liable to account onty for those rents actually received. 21. l~stsue Adtastcea. 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 Advances. with interest thereon, shall be secured by this ~ Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secutecl by this Mortgage, not including sums advanced in accordance herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS.... • 22. Release. Upoln 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. Attoneys Fees. As used in this Mortgage and in the Note, "attorney's foes" shall include attorney's fees, if any, which may be:warded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sled and delivered in t p nee of: • ' .................(Seal). - Astride Jaxhe • ~0f~` a STATE OF Nf/GI~JtNNAI, NEld YOLK......... ..t~tld4~ ss• gs • 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..Qavid. P.....laxhe.imer..atad. Astride. Jaxheimer, .bi s. t~ti.fe to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that....tbey. ,....executed the same=for the purpose therein expressed. WITNESS my hand and official seal in the county an to oresaid this..-......7.th............day of ....September . 19...79.. My Commission exptres: - '9 A07' r PUBLIC. State . ~ ~ n No. 52-7001060 ~ Qualliied i ~ 1~ =7 ?i ~1 pQ :ice 3• '1 (Spree Below TAis Line Resrrvrd Fw Lender and Rroordeh / ~ ~ - . dn?LrC`1~ `a;~~atd 12~0~ =r:?- ~ _ ~9i9 SE° 27 ~~E T1~ 08 ~1d`Jd6'aC~ Jtifi5~J1 ~ tlll G~~~IN~ f l.EO ANC PECOr.!~s U S1~tIfC1E CpUNTY. f LA. !ROGER POITRAS ~t.{pl(.CIRCUtT CO/UJ~ n ~tiEC01l0 VERIFtfq~.. ~L~ . ~~oszs - " k ! Zip- A