HomeMy WebLinkAbout2736 prior to entry of a judgment enforcing this Mortgage if: (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 acceleration occurred; Ib) Borrower cures
all breaches of any other covenants or agraments of Borrower contained in this Mortgage; (e) Borrower pays all r+eawnable
expenses incurred by Lettder in enforcing the covenants and agreement: of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof. including, but not limited to, reasonable attomey's tees; and
(d) Borrower takes such action as Lender 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 this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations scoured hereby shall remain in full force and effect as if
no acceleration had occurnd.
20. Asdgameot of Rents; Appoiotoxat of ~tecelver. Asp 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 u they becoate due and payabk.
Upon acceleration under paragraph 18 hereof of 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 Brst to payment of the costs of
management of the Property and collection of tents, including, but not limited to, receiver's fees, premiums on receivers
bonds and reasonable attorney's feat, and then to the sums secured by this Mortgage. 'ibe receiver shall be liable to account
only for those rents actually received.
21. Fsltnre Advaocea. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advancac to Borrower. Such Future Advances, with interat thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes arc 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, exceed the original amount of the Note plus USS.. ------T-. -z------.
R:1~., L'r
^ gayme~tt i+f Ott 4~,r~e ~eeured by this Mortfra~te, Lender shall r+ekase this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, it any.
23. Attorney's Fees. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's foes, if aay, i
which may be awarded by an appellate court. i
a
IN WITNESS WHEREOF, Borrower has executed this Mortgage. ~ ~
i
Signed, sealed and delivered
in the presence of•
s
fiV C ~GG"~Ji
..............................(Seal) i
G Nic as Calab ese -~O1TOM1er ~
fiC. ~L i
~~.s.
4tG.i2.t.~i. ~ . (Seal) i
J ~s ph al abr'ese -$OfiO1"H
STATE OF l~c>si~ac, x.1.1.1-rt01 5 ......................COUIIty SS:
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the totally
aforesaid to take acknowledgements, personally appeared.Nichal.as.Ca)alzrese.. an .unmarr.i~ed .man. ANiI
Joseph .Calabrese, .ao. unman: led. than 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.
WITNESS my hand and official seal in the county and state aforesaid this.......... ~~Dd .........day of
QctQber
...................i9.79... ;
L~~,~::,t,.,..,, ,r~ .
NiyYEbmrnusidrt,~git~res: ~ Cellmusi~ Ez~rES May 3,1983
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(Spate Below This Line Reserved For Lender and Recorder)
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ROGi:R P:+iT Ft
~LE~K CiF:CUiT C;;'%%
45252 l.l-~~~Q~'!~ Tr~l ~ . - . - r-n.,PANY.
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an~x 319 Pa~E 2723