HomeMy WebLinkAbout1331 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 tortes securing Future Advances, if an~•, had no acceleration occurred; (b) Borrower cura
all breaches of any other rnvenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Leader in enforcing the rnvenants and agreements of Borrower contained in this Mortgage and in
enforcing !.ender i remedies as provided in paragraph 18 hereof, includinjl, but not limited to, reasonable attorney's fees; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lender's interat
in the Properly 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 i[
no acceleration had occurred.
20. Assigtuaeat of Ret~ AppoiNtaeal of Receiver. As additional security hereunder, Borrower hereby assigns to
Lrnder 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 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. receiver's fees, premiums on receiver's
bonds and reasonable attorney's foes. and then to the sums secured by this Mortgage. "Ilre receiver shall be liable to account
only for those rents actually received. - -
21. Enlace Advaocq. 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 USS34.,600.00....:
22. Relasse. 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. Attorsey's Fees. As used in this Mortgage and in the Note. "attorney's foes" shall include attorney's fees. if any.
which may be awarded by an appellate court.
Q IN WITNESS WHEREOF, Borrower has executed this Mortgage. '
cJ~ Q Signed, seated and delivered
t_l.t 0 in the presence of: -
cn p'~ -
z O ~ , .~li~~A!~GC .~1.. ~ (Seal)
~ Leland H. lrlprgp
m ~ . sti.l~..... (Seal)
0 ~ ' D.~ ivb~rse~ ~ ~ ~orro¦«
~ hIIt~IIGAN, -
~ S ~-TE OF . ...............~yl~'....................COUtlty 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 acknowledgements, personally appeared..~+~`~ . i .G~ D.~ ,P!1,, ,
•~s•~~ . • to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before the that....~y......executed the same for the purpose therein
expressed. ~ -
~~,ss my hand and of5cial seal in the county and state aforesaid this... ~ ...-day of ~ .
~I lr~~~~?~i~l. 19.84. aa~tsti~~s~j -
.
My Commis ion expues!~ ~ ~ - .
{ [s..rl i~ fMa~s i ~ ~ iwtry A,a~ . ra j 7 I
. ~
(Space estorr This LiM Rsssrwd For lender and Recorded
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! BOOKt~1 P~CE1
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