HomeMy WebLinkAbout1784 prior to entry of a judgment enforcing this Mortgage if : 1 a) Borrower pays Lender all sums which would he then due under j
this Mortgage, the Noternd'notes securing Future Advances, if any, had no acceleration occurred; Ih) Borrower cures
all breaches of any other covenants or agreements of Borruwrr contained in this Mortgage; Ic) Borrower pays alt reasonable
expenses incurred by I_endef in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 1 R hereof, including, but not limited to, reasonable attorney's tees: and
Id) Borrower takes such action as lxnder may reasonably require to assure that the lien of this iNortgage, 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 secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Assignment of Reats; Appointment of Receiver. As additional security hereunder; Borcower hereby assigns to
lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment o[ the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph IS 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
Pra~perty, including those past due. All rents collected by the receiver shall he 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
twnds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 71te receiver shall be liable to account
only for those rents actually received.
21. Future Advances. 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 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 USS35,OOlJt.00
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge !
to Borrower. Borrower ghall 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.
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IN WITNESS WHEREOF, Borrower has executed this Mortgage.
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Signed, sealed and delivered
Q in the Dresence of: _
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w O - / ~ . • ~ Zi!=~ ? ; (Seal)
7 " ~ Petet F. HariSP11 -Borrower
l3ernioe A. Hansen -Borrows.
O ~ cTA,
5 ~ STATE of Ventura .............County ss:
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1 hereby certify that on this day, before mc, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared.. PE~.F.. IiAN.93J .atx1. BEIaJICE.A.. lI~N.S~Ir
~ his ~tife• • - • • • • • • • • • • • • • • • • - • • • - • • to me known to be the person(s) described in and who executed the t
foregoing instrument and acknowledged before me that.. f`h~ .......executed the same. for the purpose therein
expressed.
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~}TNESS my hand and official seal in the county and state aforesaid this~.?~~. ...........day of
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t: is t• , 19.80 .
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