HomeMy WebLinkAbout0943 prior to entry of a judgment enforcing this Mongagc if : t a) Bormwer pays I.endcr all sums which would he then due under
this Mortgage, the Note and notes securing t=uturc Advance. if any, had no acceleration occurred; Ih) Borrower cures
atl breaches of any other covenant or agreensenta ut Buwtuwer c~?ntained in this Mortga~, (c) Borrawtr pays ail reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Bormwer contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph IR hereof, including, but not limited to, reasonable attorney's tees; and
Id) Borrower takes such action as Lender may reasonably reyuirc to assure that the lien of this Mortgage. tender's interest
in the Property 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 eBect as if
no acceleration had occurred.
20. Assignment of Reatx Appointment o/ Recei~•er. 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 as they become due and payable.
Upon acceleration under paragraph i8 hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a coup 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 an receiver's
bonds and reasonable attorney's lees, and then to the sums secured by this Mortgage. 7?se receiver shall be liable to account
only for Those rents actually received.
21. Future Advaacea. Upon request by Borrower, lender, at tender'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 whets esidencc3 by promissory notes staling that said rsotes are se~urcd hereby. At no time shalt 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 USS.39r000.OQ
22. Release. Upon payment o[ all sums secured by this Mortgage, Lender shall rcleast this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's feel' shall include attorney's foes, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower hoc executed this Mortgage.
Signed, sealed and delivered
in the presence of:
. (Seal)
Ear L. Kreider - -ao~row.r
............(Seal)
Catherine Kreider ~ -awrow.r
STATE OF ~~j~' _ ........000IIty Ss: -
I hereby certi[y that on this day, before rm, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared . ~Jl2iL . L.. ICRF.IR$R. acid ~ATIIERINS. ICRt:IDSR• .
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.
Wt hand and official seal in the county and state aforesaid this........~y .........day of
~ .......GSI. 19.80 .
My Gdmt~oq expires: ~ -
t t~~.,``.~,
(Spice Bllow This LiM Rtserwd For Lendrrr and Reoorda)
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