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prior to entry of a juQgment enforcing this Mortgage ii: (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 aoaleration occurred; lb) Borrower cures ;
all breaches of any other oovenauta or agreements of Borrower rnntained in this Mortgages; (c) Borrower pays all reasonable
exptensesincurred-by Leader in enfo"icing iht eovenagts and agreements of Borrower contained-ia this_Mottgaga_and .in_ .
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to. reasonable attorney's foes; and _
(d) Borrower takes such action ss Lender may reasonably require to assure that the lien of this Mortgage. Lender's interest
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in the Property and Borrower's obligation to pay the sums secured by the Mortgage shall continue uaimpaired. Upon such ;
payment and curs by Borrower, this Mortgage and the obligations secured hereby shall remain in. full force sad effect as if
no acceleration had occurred.
Z0. Asdpoeat of Reaq~ Appoiatseat 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- t
ment of the Property, have the right to collect and retain such rents ac tlaey become due and payable. ~
Upon accekraaon under paragraph 18 hereof or abandonment of the Property, Lender shag be eatitkd to have a
roceiver 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 rnlkcted 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, receiver's fees, premiums on receivers )
bonds and reasonable attorney's foes, and then to the sums secured by this Mortgage. 'ilte receiver shall be liable to account
only for those rents actually recxivod, t
21. Fe3are Ad~a¦tes. 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 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.I/J.////./.~//././///.I.l//~/.I
22. Rdeaae. Upqu payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of rooordation, if any. •
23. Attorsiey's Pets. As used in this Mortgage and in the Note. "attorney's foes" shall include attorney's foes, if any, '
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the Dresence of:
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Walter T. Nielsen -eo.row.r j
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j-.......... ...1..1y~j~~1<!.'f.. ::-~s~s~~ (Seal)
EunYce M. Nielsen -e«.ow..
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STATE OF / Alaska....... SS:
C~N~ Cot,~~e5~ ;
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the cotwty
j aforesaid to take acknowledgements, personally appeared Wd~.ter . T.. Na.QlSec?. died .I;u[?i~~ M........ .
Nielsen,. his .teife to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledRCd before me that.... i:h~y......executed the same. for the purpose therein
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~ expressed.
WITNESS my hand and official seal in the county and state aforesaid this.........16th...........day of
~ ....Novetnbet . 19.79... -
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Dec I1 9 04 '?9
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