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HomeMy WebLinkAbout2716 , prior to entry of a judgment enforcing this Mortgage if: la) 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 all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants and agrcements of Botmwer contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to. reasonable attorney's tea; 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 secured hereby shall remain in full force and effect as if no acceleration had occurred. ?A. Aat3gtuseat of Reatr AppoiMtncat 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 tht rents of the Property, 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 fen, premiums on receiver's bonds and reasonable attorney's foes, and then to the sums secured by this Mortgage. 'Ifte receiver shall be liable to account only for those rents actually received. 2l. Ftnnre Advaecra. 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 evideacod by promissory note 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, exctcd 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 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 presence of: .......~4Lrl'.'tiR~...~~~rf(.~Lll. - •{~tj'r'f!t~ . (Seal) ' ' Sa 1 Gran i ck ~OfrOM/f _ l..%%~:~2:.CC!Z..i. ~ ~ , G~!1 (CC. ~ (Seal) Audrey Gran i -e°rr°w°` STATE OF ~L(ylgfdl,....... JP.grtr7S)/1ar ia. ~11~Y/u= I hereby certify that on this day, before me, an officer duly autho din the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared.....S8tOtlel. &rdn iek. and .Audrey..Gran ick.,... . ...h 15. W i,f.~ . . to me known to be the person(s) described in and who executed the 'j foregoing instrument and acknowledged before me that... xhey ......executed the satne for the purpose therein F expressed. ~ ' of . ~ ~ WITNESS my hand and official scat in the aiunty and state aforesaid this.......5ttt..~'' } f ...March 19.. SII MILDREOOUf3ANt ~,t - ' - Plofary P :iC, Phila. Phila. .,r c4 j ' i Expirtts my 7 ~ My Commission expires: ~ ' lblttpRltoan3s~-^crbedLe'~;~"~ - ~~dxy`of 19~ ~ _ (Space Be{ow This Line Reserved For Leader end Recorder) ~ / ~ ,1 j 111 iJ J J?i IJ ~3~0 Nl~t 20 PK 2 t;8 } Si AttC~~~~~A. ~t~ Pqt ~ q.ERK C1f~t1AT ~ 1 Rf tag VE RtF trtl-. I 4bi0299 E . ~,,~K327 ~i:~E2715 _ . .3 -