HomeMy WebLinkAbout0198prior to entry of a judgment enforcing this Mortgage il: lal Borrower pays !.ender all sums which would be then due under
this Mungage, the Note and notes securing Future Ads•ancrs, ifrny, had no acceleration oxcurred: Ib1 Borrower cures
all breaches of any other covenants or agreements of Born~wer contained in this Mortgage; Ic) &umwer pays all reasonahle
expenses incurred by 1_ender in enforcing the covenants and agreements of Borrower comained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph Ilt hereof, including, but not limited to, reasonahle attorney's fees; and
Id1 Borrower takes such action as lender may reasonably require to assure that the fien oT this Mortgage, t_ender's interest
in the Property and Borrowers 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 if
no xccelerat-on had occurred.
20. Assignment of Rents; Appointment of 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 payabte.
Upon acceleration under paragraph Ix hereof or abandonment of the Property, Lender shall he 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 hp the receiver shall he applied first to payment of the costs o!
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 fees, and then to the sums secured by this Mortgage. 71te receiver shall be liable to account
only for those rents actually received.
21. Future Ad~•aaces. Upon request by Borrower, 1_ender, at l.endcr'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 adv gceS~ i ordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS. ~~!~08'~
.................
22. Release. Upon payment of all sums secured by this Mortgage, Lender shalt release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attoraey'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 WttEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the Dresence of:
~~~~z4~~ u~~~~
Chri/stopher R. Spooner -$O"'O1Mf'
Gillian M. S nee -eoiro'""
J. mac~, `w`; ~ ~' _
STATE OF Ftettlek;.......... :'.......~.!~)2-t;,:~-+s,....County ss:
I hereby certify that on this day, before mc, an officer duly authorizzd in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. CHRIS'1'OPI~R. 1t•..$P44?'l~. a?I~ .G~]~-N M- ... .
Sfi..h7~6, wa.~e .................. to me-known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that .. t~eY... .... executed the same for the purpose therein
expressed.
WtTrfESS my~hand and official seal in the county and state aforesaid this .............~.........day of
...;. '~: ............... 1980 .
_ l
My - -may- pl ~ ~ ,
-- - ~ aq :. ~ .~I: .
,~ ,~3~ 'J Notary PuEtic.
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(Spite Below This Line Reserved For lender ind Recorder)
Bo~K344 PecE 198
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