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prime to entry of a judgareat enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
thisldortgage. the Note and notes securing Future 7~dvances, it any, had ra acceleration occurred; Ib) Borrower cotes
all breaches of any other covenants or agrcrxrrents of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses.incurred by Lender in enforcing the oovenagts 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 attorney's fees; and
(d) Borrower takes such action sz Lender may reasonably r~uire 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 sccural hereby shall remain in full force and effect as if
no aocekration bad occurred.
Z0. Asst~t d ResrfR AppoirrtaseN M Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the gents of the Property. provided that Borrower shall, prior to acakration under paragraph 18 hereof or abandon-
ment of the Property. have the right to collect and retain such rents s: they become due and payable.
Upon acceleration under puagraph 18 hereof or abandonment of the Property, header shall be entitled to have a
receiver appointed by a eorrrt to enter upon, take pc~ssessian of and manage the Property and to collect the rents of the
Property, including those pa:t due. All rents collected by the receiver shall be applied first to payment of the coats of
management of the Property and rnllection of rents, including, but not limited to, receivers fees. premiums on receiver's
bonds and ressonabk attorneyk fees, and then to the sums secured by this' Mortgage. 'ilre receiver shall be liable to account
only for those rents actually received.
21. Ititare Aivanees. 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 arc sceured 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""""`•"""""""'
- 22. Reiara Upq~n payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all vests of recordation, if any.
?3. Attoroey's Foes. As used in this Mortgage and in the Notc, "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
t ~~t ~Setr.l)
Z~'ki~r~o?t1~y J. en~.aad
Signed, sealed and delivered
5 race of: ,~.7~ ~'~i~~~~;swa''.'~. ~ )
.Seal
~ SL%~n~~ enl d Borrarer
.....(Seal,
Wi-]1iam~I. Steenlaud /i -e«r+or..
Marie Steen]sa -so.~.+.
STATE OF~/~NM/~- ~CtL~gZ~YI.~ ~e~~.~-~!"U'n~. /~!?`P~/°11'
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknawkdgetnents personally apprared..T~-AtO~Y..d..S~P~BIId. ~d Shat'on. A.. , , .
Steenlaad~• his wife_ aid , , , , to me known to be the person(s) described in and who executed the
foregoigg, ins+ttument and acknowledged before me that ~eY....... executed the same for the purpose therein
expressed t~ - .
.~`Wnl~ssi,'m~,,fiend and otiicial seal in the county and state aforesaid this........ l~~?...........day of
~rr . 19..7...
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* Wil').i.ttm I;iee'nland and Marie Steenland, his wife
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