HomeMy WebLinkAbout0453t ~ ~ ~
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prior to entry of a judgment enforcing this Morigage if: (a) Borrower pays Lende~ all sums which would be then due under
this Mortgage. the Note and notes securing Future Advances. if any. had ~o accelention occurrod; (b) Borrower cures
all breaches of a~y other rnveoants or agreeme~ts of Borrowe~ contai~ed in this Mortgage; (c) Borrower pays dl r~asonable
expenus incuRed by Leader in enforcing the rnveoar~ts and agraments of BorTOwe~ contained in Mis Mortgage and in
enforcing Lende~'s remedies as provided in pang~aph 18 hercof. including~ but not timitod to, rcawnable attomey's fea: and
(d) Bo~rower taka such action as Le~der may rcuonably rcquirc to assuro that the lien of this Mottgage. Lende~'s interat
in the Pmpeny and Bomower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon sucfi
payment and cure by Borrower, this Mortgage and the obligatians securcd hereby shall rcmain in full toroe and etfect as if
no acceleration had oceurred. ~
'~0. Assi~umeat ot Reatx AppoiAtmeal ot Recelver. As adJitional security hereunder. Borrower hereby assigns to
I_ender the rcnts of the Propeny. pr+c~vided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon•
ment e-f the Property. have the right to collect md retain such t~ents u t6ey become due and payabk.
Upon acceleration under paragraph 18 hereof or abandonmeot of the Property. Le~der shall be entitlod to have a
receiver appointed by a rourt to e~ter upon, take pcusessio~ of and ma~age the Property and to collect the rents of the
Property. including thoae past due. All rents collected by the receiver shall be applied first to payment of the costs of
management of the Propehy and collection of rents, including, but not limited to, roceivei s feat, premiums on receiver's
bonds and rcasonabk attorney's fces, and then to the sums securod by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Ft~tare Ad~ances. Upon request by Borrower, I.ender, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advaoces, with interest theroon. shall be securod by this
Mortgage whcn evidenced by promissory notes stating that said ~otes arc securod hercby. At tw time sQall the principal
amouot of the indebtedness secured by this Mortaage. not including sums advanced in aooordance f~~w,~~~ Qrotect the
security of this Mo~tgage~ excoed the original amount of the Note plus USS . . . . . . . .. . . . . . . .. .. .. . . .. .
22. Rdeaee. UpQn payment of all sums securod by this Mortgage, Lender shal! releast this Mortgage without charge
to Borrower. Borrower shall pay all caats of recordation, if any.
23. Attoroey's Fees. As used in this Mortgage and in the Note. "attorney's fces" shall include attorney's foes, if any.
which may be awudod by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signcd, sealed aa~! delivered
in the Dresence f:
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/R ert `'
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Vianne H. Ni
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SrwTE oF ~it,f~kJF~i/, . . . . . . Mi ch.i gav . . . 7 . . . . . . . . .~d~ty~ss:
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I hereby cenify that on this day, before me, an officer duly~L~uthorized in the state aforesaid and in t6e county
aforesaid to take acknowledgements, personally appeared Rob~~ t_ __,,L, , N i choi s,and. V,i anne, H_ ..
•• Ni tho l s,• h i s- .w I f e ................ to me known to be the pe,raon ( s) described in and who eaecuted the
foregoing instrumcnt and acknowledgcd before me that .theY ......... cxecutcd the same for the purpose ther~ein
eapressed.
WtTNess my hand and officiai scal in the county and state aforesaid this. ...... 9th .. .. .... .... .day of
. . ~c.•ern~er .. .. .. . . .. .. .. .. .. .... 19. .80. ..
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My Commi's~iorte~tp~res:
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(Spsce Below TAis line Res~rved Fot Lender snd R~toMeh
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ROGER PQI i R:.S
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BOOK346 P~E 45i
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