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HomeMy WebLinkAbout1552., prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be tbea due under this Mortgage, the Note and notes securing Future Advances. if any, had no acceleration occurred; (b) 1locrower cures all breaches of any other covenants or agreements of Borrower rnatained in this Mortgage; (e) Borrower pays all reawnabk expenses incurrod by Leader in eaforcing the covenants and agreements of Borrower contained is this Mortpge and in enforcing Lender's remedies as provided in paragraph 18 hereof. including, but not limited to. reasonable attorney's fees; and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Leader's interest in the Property sad Borrower's obligation to pay the sums secured by this Mortgage shall continue uaimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain is full force sad etfea u i[ no acceleration had occurred. 20. Asd~smcat o[ Rests; Appoh>falest of Receiver. 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 a abandon- ment of the Property, have the right to collect and retain such rents as they becoale due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender 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. receiver's fees, premiums oa receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 'I11e receiver shall be liable to account only [or those rests actually received. 2l. Fstsre Aavsaces. Upon request by Borrower, 1_ender, at Lender's option within twenty years from the date of this Mortgage, may make Future Advances to Borrower. Such Future Advances, with interat thereon. shall be socllred by this Mortgage whoa evideaoed by promissory notes stating that said notes are secured hereby. At no time ~sball the principal amount of the indebtedness secured by this Mortgage, not including sums advanced in aooordanoe herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS. ------~--~--~-~~--...... Z2. Relesse. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shall pay aU eosts of recordation, if any. 23. Attorsey's Fees. As used in this Mortgage and in the Note, "attorney's foes" shall include attorney's foes, if soy, which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered in the presence of: 4,.!1(x!,!? . ~ . ~. r.... ... ....... seat Johr~ Tr i -ear•or•.. ......................................... (seat, Marlene E. Trice -a«~ STATE OF ~`~~trn i a ........S~~~~ .I.os - Mgeles . • • ..tvounty ss: ,- I hereby certify that on this day, before me, an o@icer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared.. Jahn .A.. 7r.i~ce .and. Mar.leoe. E...Tt: ice,.... . ... ..... tIi s. ~ i.~e ............ ......., 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 official seal in the county and state aforesaid this..... 12th , , , , , , , , , , , , ,day ~ ..... Nov~m4er .................... 19$0..... My Commission expires: /~N f~ ts..n ~~'Y`'~``~ X21; ~ r1 ~ ~' .......... ~ ~ ~ ................. . ~. OFFlC:~AL Sc_AL ANN H. O'LEARY ^'_ NOTARY PUBLIC -CALIFORNIA ~~ ~ PRlNCIVAL fF~~ICE +t~ LOS ANGELES COJ:~71/ Mly Cammisaicn expires QEeernar 25. 1982 (SWcs Below This Lirw Rss~vrd For Lends and R~oordeh . .. - ., ....,.r s.f 1980 DEC -9 IW i~ 23 FIlCO I-NO FECOft0E0 S R GER POITRASA CLERK CIFCUIT CO 509'741 ~34~ p~1552 ~_.