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HomeMy WebLinkAbout2864 - - - ~i'1 ti,`~~ S~~ prior tp entq of a judgment enforcing this Mortgage if: (a) Borrower pay: Lender all sums which would be then due under 1 this Mortgsge, the Note a»d rota securing Future Advances, if any, had no acceleration occurred; Ib) Borrower cura all breaches of any other covenants or agroemtdnts of Borrower contained in this Mortgage; (c) BotTOw~r pays all reasonable expetues incurred by Fender in enforcing the oovenagta and agreements of Borrower contained is this Mortgage and is enforcing Leader's remedies as provided in paragraph 18 hereof, including. but not limited to. reasonabk attorney`s tea; and (d) Borrower take such action as 1-ender may reasonably require to assure that the lien of this Mortgage. LetKkr's lateral 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 obligation: secured hereby shall remain is full force cad eRect as if no acxekration had occurred. ' 20. Aaalgs>?sep of Resttsi Appoiattsuat of Receiver. Ai additanal security hereunder. Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to atxekration under parsgraph 18 hereof or abandon- ' runt of the Property. have the right to collect and retain such rents as they become due cad payabk. Upon acceleration under paragraph t 8 hereof or abandonment of the Property, Lender shall be entitled to bttve a receiver appointed by a court to enter upon. take possession of and manage the Property cad to colkct the rents of the Property, including those past due. All rents collected by the receiver shall be applied first to payment of the coats of management of the Property and collation of rents, including, but not limited to, receiver's foes, premiums on receiver's bonds cad reasonabk attorney's fee. and then to the sums secured by this Mortgage. 7Le receiver shall be liable to account i only for those rents actually received. + 21. Fnttue Atlrastcea. Upon request by Borrower, Lender, at Lender's option within twtnty years from the date of this _ Mortgage, may make Future Advances.to Borrower. Such Future Advances, with interest thereon, shag 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 including sums advaacxd in accordance herewith to protect the security of this Mortgage, exceod the original amount of the Note plus USS...... Z2. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shall pay aU coats of recordation, if any. 23. Atto~rsey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any, which may be awardod by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and deliver~td in the presence of: ......1'~~`........... w . (Seal) ~ • Luis E . P es -e«rowe~? ,/~~~:.~1..............................cseal, p Marina D. de Paredes -s.~-i~s~d~id~t, ................o...~ - .ghbtSt"y 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 aicknowledgcments, personally appeared ..Luis . E ..Paredes .and 14a t: i aa. n...de .Paredes , ....h i s. w.i.f~e . . to me known to be the person(s) described is and who executed the foregoing instrument and acknowledged before me that.. Lhey........executed the same for the purpose therein expressed. - ~ WITNESS my hand and official seal in the county and state aforesaid this.......l4th .............day of ....Apri.1 19.. $Q _ i My Commission'exptres: a SGfo' s - - " ~ EL'UARDO LALiNDE Z. Nolarlo tot t1~ Call 4 C~l~ v ~ 'y~fil~ Y*~~`~~ i1Ei . (Spate Below This Line Reser{red Fro Lender and RecoMed t ~~'t'r~ ~(7tt1f~1 j a'7^i1~~/~j 1)It~ j i - - . , 19~D APB 23 iii 3.38 ~ v:'v Ji N J f ti.£0 ANO tlEC6ttitt D 5?.+Ltlt;tE CAWtfY.fLA. E . Rl~ ~WtT 4b~4031 r