HomeMy WebLinkAbout1136 prior to entry of a judgment enforcing this Mortpge if: (a) Borrower pays Lender all sums which wouuld be then due under
this Mortpge, the Note and notes securing Future Advances, if any, had no acceleration occurred; (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (e) Borrower pays all reasonable
expenses incurred by Lender in enforcing the eovenagta and agreement: of Borrower contained in this Mortgage and in
enforcing Lenders remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attomey's fee:: gad
(d) Borrower tskes such action as Leader may reasonably require to assure that the lien of this Mortpge. Lender's interest
in the Property and Borrower's obligation to pay the sums secured by the Mortpge shag continue uaimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obliptions secured hereby shall remain in full force gad effect u if
no acceleration had occurred.
Z0. AadptaeN of Ret>!R Appointseest of Recdver. As additional security hereunder, Borrower hereby assigns to
Lender 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 ac they become due gad payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Leader 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. c+eceiver's fees. premiums on receiver's
bonds and reasonable attorneys fees. a.~d then to the sums secured by this Mortgage. 'ILe receiver shall be liable to account
only for those rents actualty received.
21. Frrtrue Ai~aucea. Upoh request by Borrower. Lender,. at Lender's option within twenty years from the date of this
Mortgage, may make Future Advancers to Hbrrower. Such Future Advances, with interest thereon. shall be secured by this
Mortpge when evidenced by promissory notes stating that said notes are sxured hereby. At to 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 Mortpge, exceed the original amount of the Note plus USf.
2i Rele~e. Upon psymeut of all sums secured by this Mortgage. Lender shall rtlease this Mortgage without charge
to Borrower. Borrower shall pay aU 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 couR.
IN WITNESS WHeREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
_ ~ ~ Q .5..
~P/I:~.e-~4~i~1 ~..-.lam : ' ...........cseal)
Rog ScFrrad
" . . . -(Seal)
~ .lea .1. ~Schra er~ LA~~..
-~o~rvM+r
STATE OF ir1/O~R/DN, ~I'1 f ~ ":.Y iT /~011ts1/95:
/(Ak~ sr~ e covNTY
I hereby certify that on this day, before me, an oB'icer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeated...Roger. R :.Schrader .and. Jean .J:.. , _ .
Schrader,. hi s .wl f~ 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.
WITNESS my hand and o8'icial seal in the county and state aforesaid this....... ~ Qty _ . - ......day of
~ ...September ....................19...0..
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ROGER f
OITRAS
CLERK CtR~UI>~
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