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HomeMy WebLinkAbout0220 . ~ ,iti prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender X11 sums which would ba then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; Ib) 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 oovenat)ts and agreements of Borrower contained in this Mortgage and in enforciag Lender's remedies as provided in paragraph 18 hereof. including, but not limited to. reasonabk attorney's fees; and (d) Borrower takes such action as Leader 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 curt by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if ao accekration had oxurred. 21. Asdpaaent of Rettrtr, Appoitttmert of Receiver. As additional security hereunder. Borrower hereby assigns to Leader the rents of the Property, provided that Borrower shall, prior to accekration under paragraph 18 hereof or abandon- ment of the Property, have the right to collect and retain such rent: as they became due snd payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a receiver appointed by a cotta 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 fees, premiums on receivtr's beads and reasonable attoraey's fees, and then to the sums secured by this Mortgage. 'Rte ttceiver shall be liable to account only for those r+ertts actually received. 21. F'tKtsre Aivattices. Upon rtgttest 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 irtdebtodttess secured by this -Mortgage, not including sums advanced in accordance herewitb to protect the security of this Mortgage, exceed the original amount of the Note plus USS...... -------------r...... 22. Release. Upatt 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 fees" shall include attorney's 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: ~~a I~Q~~ He 1 i o Bagaco ~ -~~r .1 1; y`~ ~ _ .~f 4~' t ~Rl~tt.... . (Seal) Maria Bagaco ~ ~~~a~- 9~?it* of i~~6lfl~t, GANARA Gf~bEI/ ss: ~ _ I hereby certify that on this day, before mc, an officer duly authorized in th~~tM~aforesaid and in the e~ m 9 aforesaid to take acknowledgements, personally appeared He.l.in .Bagaco. ,and .Maria .Bagaco.,..h i s . wS fie 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 expressed. ~ ~.1.` - err-..,ro . ~ '-.~W ~~y,~hand and oti'icial seal in the ~uuty andat3T~'afor 'd is........~$},~?............day of ~}E"1~:~17A0~1111q~~IFe9! AP ,,oo q' jSMlj. Notary Public ar ' ' (Space Bebw TAis line Reserved For Lender and Recorder) r1,,_. _ _ ...-J 190 Hr11' 29 3 58 t:tie u+t; ~tcTTLL~azc S }tGGEt? P~I7ftA~A. 61.CRK CI°CUIT C9'~ T ~ 81;°x332 ~ccE 220 - - _ _ _ - _