HomeMy WebLinkAbout2023 prior to entry of a judgmwt enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortpge, the Note and notes scarring Future Advances, if any. had no acceleration occurred; tb) Borrower tunes
alt breadtes of any other eovertants or agreements of Borrower contained in this Mortgage: (c) Borrower pays all reasonable
expemes incurred by Leader in eaforcing the eovenagts and agreements of Borrower contained in this Mortgage and in
enforans Lenders ranedies ss provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees: and
(d) Borrower takes :twh action ss Leader may reasonably require to aswre that the lien of this Mortgage, Lender's interest
in the Property and Borrower's obGption to pay the sums securod by this Mortgage shall continue uttimpaired. Upon such
paymae?t and cure by Borrower. this Mortgage and the obligations secured hereby shall remain in full force and etiect as if
ao acceleration had occurred.
2R Aarl~eat d ReatS A~oiat¦reat of Receher. 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-
mcnt of the Property. have the right to collect wad retain such rents as they become due wad payable.
Upon aooderation under paragraph 18 hereof or abandonment of the Property. Lender shag 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
maaaganart of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
hoods wad reasonable attorney's fees. and then to the sums secured by this Mortgage. 7Le receiver shall be liable to account
Doty [a those teats actually received.
21. Frtrlre Aivsrcys. Upon rrequest 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, shalt 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 wms advanced in aooordance lxrewith to protect the
security of this Mortgagee. exceed the original amount of the Note plus USS .
22. >ReleaatA Upwn payment of all sums secured by this Mortgage, Lender shall release this Mortgage wiWout charge
to Borrower. Borrower shall pay all coats of recordation. if any. •
23~ AManey"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.
• in WCTNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
. Q-
W i l f d A. • Powe 11 ~ -eo~+o~..
. . . . . . i~~~.-•~?- . P..C (Seal)
Hortense V. Powell --eo~~ow..
STATE OF ~ • . • • . ~.....COUrIty ss:
I hereby certify that on this day, before me, an o@'icer dulX authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. Vi !feed, A..PQwel 1, and, Hortense, V., , , , , ,
....Powell , . tti a ~l ife to me known to be the person(s) described in and who executed the
foregoing irWrtrment and acknowledged before me that...Lh@Y.......executed the same for the purpose therein
ezpres~ed.
,r ?'M,y hand and• official seal in t~ county and state aforesaid this ~ 3 t h .day . of
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