HomeMy WebLinkAbout2886 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; (b) Borrower cures
ail breaches of any ocher covenants or agreements of Borrower,contained in this Mortgage;lc). Borrower pays all reasonable
. expenses incurred by Linder in enforcing the covenants and agreements of Borrower co~tained• in this ;Mortgage, and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney'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 rnntintre unimpaired. Upon sash
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Aasignmeat of Reath A)ppoianmettt 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 as 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
Properly, 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, receiver's fees, premiums on receiver's
bonds and reasonable attorney's fees, and then to. the sums secured by this Mortgage. 'Ilse receiver shall be liable to account
only for those rents actually received.
21. Fnture Advsttces. 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 includin sums adv~a~ced_i ordance herewith to tercet the
19 Q~U.. ~U p
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 costs 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:
. ~*!!al~i~a ..t!! ~ ~ t't l!............ (seal)
tress ~ Johss A, laector,~ JY. -eorrow.r
.~r..' . •1~ . ~ . . (seal)
~witrit3es. Bett~A. kecbor
--eo.rowK
MARYLAND l
STATE OF Prince ,Georges- , , , - • , , , , .County 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, personalty appeared.... tTohn A. , hector, ar}c~ ,>¢~tr~y, ,I~!gt:Qr
.t?7-;3. T"!~~~ • - • • • • • • • • to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that t~Y........ executed the same for the purpose therein
expressed..
WITNESS my hand and official seal in the county and state aforesaid this... , , , ,30th , , , ,~,y of
......November ..................19.79....
ANNE E. NORATO
My Comtaissign exptres:NOTARY PUBi.tC STATE OF MARYtA"t~ ~
• My Ccmnssior~x~~res July 1~ )9 ~ ~ ~
t*~~ L' : ~ ...................Notary Public i
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(Space Below This Line Reserved For LerWer and Recorder) 1
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