HomeMy WebLinkAbout2657 • ~
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 Advancers, if any, had no acxekration occurred; (b) Borrower cura
all breaches of any other oovenanta or agroenreQlti of Borrower rnntainod in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in "eeforcing the covenagts and agreements of Borrower contained in this Mortgage and in
enforcing Leader's ranedies as provided ~in paragraph 18 hereof, including, but not limited to. reasonabk attorney's fees; 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"a obligation to pay thr sums scoured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in fuU force and effect ss if
no acceleration had occurred.
2t. Aadpseat of Resrbl A~polMasent of Reeelver. As additional security hereunder. Borrower hereby assigns to i
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 rnlkct and retain such rents as they become due and payable.
Upon acoderation under paragraph 18 hereof or abandonment of the Properly. 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
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, receivers feat, prcmiutns on receiver's
bonds and reasonable attorney's fen. and then tc ilx sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. 1~ Advaoeas. 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 interat 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 USS.: ~n~+..-.~+...+.....+~~~•?~~-
22. Relearn Upon payment of all sums secured by this Mortgage. Leader shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attoreey's Rees. As used in this Mortgage anc! in the Note, "attorney's fees" 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:
~ Thomas P. Egan ~ I
.~'t.~. ~ ~ (Seal)
- Marilyn Egan
S,'ATE OF FJ~>bl ~ E y S3:
I hereby certify that on this day,•before me, an officer duly authori~ in the state aforesaid and in the county
i aforesaid to take acknowledgements, personally appeared..ThomaS..P... Egan rand . L1ar3.lyn . Egan.,. h is .wife
. to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that..they...... - .executed the same for the purpose therein
j expressed.
~ WtTNESS my hand and of$cial seal in the county and state aforesaid this.........1.4tb...........day of .
. t,?~ :.F~a" ~2h. 19..80...
~ ~ ~y t^,om~tlissiori exptu~L iL ~ APPLEGATE • :
~ ` _ _ • f
= - aouttr,rusttc of rrs:w saesEtr
- .1i~1 Jo, 1904 ~Y is
- 117I Gos~oMtioe bcgns ~
' ~t~ -
\s ~ a.~ ~ '
~wt r
~ i
4
E
- (SpsOe nelow This Line Reserved Fot Letter end Recorae~
t ~iv t _ ~ _ . ~ .....i ial lJ:.i~~lrla7
3
~ l S'~
~4~'
~ 1980 APR -7 pM 2 55
€ !<ILEO AHC ~C 8 {
gL.ElIK~RCptGgT01Tl~
1 ~ j~
CgU1tT ~ t
RESiR11fRtFfEO__ t
~ ~ . ~ BOOK ci~GO RA~~~ -