HomeMy WebLinkAbout0149 r
•
LL ~r{~( ~r
prior to entry of a judgment enforcing this Mortgage iF. (a) 80rrdwer pays Lender all StiiT(s which would be then due under
this Mortgage, the Note algid note's securingfutUtl°t Adva~~es, if any; grad no ficcetert~tion occurred; (b) Borrower cures
all breaches of anyptt>ercovenants ors~r~snigfita of BbrrgWeficontained in tlii3tlNortg$ge (q @ornswer pays all reasonable
expensed incurted bylender U enforcln ttte c;ovenantt3 eftd a reements of
Borrower cont2tinetl iri this Mortgage and In
enlwcifrg tenders r@inedies as provide~in para$rapt118,fig~, including, btlt net limned to; re~eonable attorneys fees;
and (d) Borrower takes such action as Pander rYtay rea'son2lbty require tp assLre that Ihe'Ilen of this Mortgage; Lenders in-
terest inthe property and Borrowers obfigstion~tb p~lythe sums secured by this Mortgage shall continue unimpairQd: Upon
such ptiyrrtent end cure by Borrower, t151s M6rt~~rge apd ~e OC)ltgations secured hij~eby shall r@rrretn M Lull force ajtid ~ttect
as K rip t~c~celeration tied occurred. - ; - ` _ . ' . . ~ ; . , , ,
ZO. ' AglsonineM of • Appoh+tttn+ti~t,o>f lAi~hrer. As additional security fter@unde~, 9.o~rrowe{hereby assigns
to Lenderthe rents of it~e P , txQylded that 1~otrbwer
shalt, prior td eCoelerdtion under paCdgrapfi 18 hereof or_ abandon-
ment Of the Propert>f, have ttte'rtgtit'to t;O11eCi and retain $tiCh ~t'its as-they become due and"payable:
Upon acceleration under paragraph 18 hereol or abandonment of the Property, Lendershall t,e entiUed to have a
receiver appointed by a pour) ta.enter upon, talcs possession oa and manage the Property and to collect the rents of the
Property. including those past due. Ali ren4s collected by the receiver shall be applied first to payment of the coats of
management of the Property and collection of rents, including, but not limited to, receivers lees. premiums on receiver's
bonds and reasonable attorneys tees, and then to the sums secured by this Mortgage The receiver shall be liable to account
only for those rents actually receiyed. .
Z1. FutuhAdtlanca. Upon request by Borrower, Lender, at Lenders option within twenryyears from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall bs secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amountof the indebtedness secured bythis Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USA NONE----------------
2Z. f~1NSe. Upon payment of all sums secured bythis Mortgage, Lender shall release this Mortgagewithout charge
to Borrower. borrower shall pay all costs of recordation, it any.
Z3. Atltom~'s FNS. As used in this Mortgage and in the Note, "attorneys tees" shall include attomeys fees, 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: .
(Seaq
RAU J. KA AN
` (Seaq
J N A. KATZAN
(Seaq
(Seaq
STATE OFD Y~ o County ss: ~~.r.-j ~a~~j a~
~ I hereby certiy t a on this day, before me, an officer duly authorised in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared
i}AUL J. KATZAN AND JEAN A. KATZAN, HIS WIFE
i
to me known to be the persons} described in and who executed the
foregoing instrument and acknowledged before me that Borrower executed the same for the purpose therein
expressed.
I
I
I WITNESS my hand and official seat in the county and state aforesaid this _ ~ 4 day of
! ~ .April- 19 80
I~y.cofrt~ifgi,~'t~i+~i:~~4~' ~ w ~ •
~
s, t, ; _ otary Public
ODNM1tD ix TOMSIK, Arrarts~y-at-e.aw
• ' " • ` `:f~ NOTARY PI^' iC - STATF QF UH!C
I
?~:c. [ip:-C~S~un ~atr i
1 -r . • • Sac?~o~ t • Ji: o ke Head c .ca?
fSpace Below This Line Reserved for Lender and Recorder)
i
i
~~330 14~
A-3098 6179