HomeMy WebLinkAbout0557prior to entry of a judgment entorcing this Mortgage if: (a) Borrower pays Lende~ all sums which would be thea due under
this Mortgage, the Note ar~d notea securing Future Adva~ca. if any, had no aocelention occurred; (b) Bonower cura
all breaches of any other covenants o~ agroemenb ot Borrower contain~d in this Mort~agtr; (c) Borrower pays all reasot~able
expenses iacurred by Lepdet in enforci~g the coveoagts and agramenb of Borrower containod in this Mortgase and in
e~forcing Lender's nmedics as provided in pangraph 18 hercof. including, but not limited to. teasonable attorney'~ fea; and
(d) Borrower taka such action as Lender may reaso~ably require to assure that the lien of this Mo~a~e. l.ender's intercst
io the Propetty and Bomower's obligation to pay the sums securcd by this Mortgage shap continue uaimpaired. Upon fuch
payment and cure by Borrower, ihis Mortgage artd the obligations secur~d hereby shall remain in full foroe and ef[ect as iE
no accelentan had occurrcd.
2A• A~dpaaeN oi Reetr Appoinla~eat ot lteceirer. As additional security hercunder, Borrower hereby assigns to
l.ende~ the rents of the Property, provided that Bomower shall, prior to accekratan under puagraph 18 hereof or abandon-
meot of the Pr~nperty. have the right to rnllce~ and retain such rc~ts u t6ey become due and payabk.
Upon accelendoo under paragnph 18 heroof or abandonment of the Property. Lender shaU be entitled to have a
receiver appointed by a rnutt to enter upon. take pouession of and ma~age the Property and to collect ihe rents of the
Property. ir~cluding thos~ past due. All rcnts collcetod by the receiver shxll be applied flrst to payment of the coats of
management o[ the Property and collection ot rents. including, but not limitod to, reaiver s f~es. premiurtu on receiver's
bonds and reasonabk attorney i feas. and then to the sums secured by this Morigage. The roceiver shall be liable to aocount
only for thoae reats actually receivod.
21• ~re Ad~a~ce~. Upon roquat by Borrower, l~ende~, at l_ender's option withia twenty years from the date of thi:
Mortgage. may make Future Advances to Borrower. Such Futurc Advances, with interest theroon. shall be securod by this
Mortgage when evidenoed by promissory notes stating that said notes are socurod hercby. At no time shall ihe principal
amount of the indebtodnas savrod by this Mortgage~ not including sums advanoed in aooordance hec+ewitb to protect the
security ot this Mortgage. eaioeed the original amount of the Note plus USS. ---------------r.----- „
?,2. Rdeara Upc~ payment of all sums sxurod by thi: Mortgage. Lender shall rcksse this Mortgage without chuge
to Borrower. Borrower shatl pay aU caats of rocordation. if any.
23. Adoney's Ras. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fea, if aay.
which may be awarded by an appellate court.
IN WlTNF.SS WNEREOP, Borcowcr has eaecuted ehis Mortgage.
Sig~ed, sealed and deGvered
in the DreSCOCx of:
~ ~~ ~ ~~~i~,~~`~1~. ~;,~,
.... ........ .............................~........(Seal)
Edw i n P. Max i m -eor"0r'~'
. ~ . . .. . . . . . . . . . . . . . . . . . . . . . . ~~~.aG~~ ~C1X~ `C~t1. . . . (Sesl)
~// Ger~ de R. Maxim --~~
v ~ ~ ~,
STATE OF F .... .Mar.y.l.and.... .. . . .. .. . .... .Q ~t~/as:
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I hereby certify that on this day, bcfore me, an oflicer duly authorizdA ia the state aforaaid aad in the oounty
atoresaid to taice acknowkdgements, pcrsonally appeared. .Edw~r~ .P.. .h~axam .and. Ger.tr.uds. R.. . . . . . .. .. .
... Max~m.. h! S.Wlf~ .. ... .. .. .. .. .. .. to me known w be the person(s) dacribed in and who exocuted thes
toregoing instrument and acknowledged before me that. .tbey. .......eaocuted the same for the purpose thenin
eapressed. -
W~TNESS my hand and o6cial scal in the county and state a[oresaid t6is. .. .. ..... ..
.....4ecember ....................19..80... /~
My Commission exp~res: •1 -~ -~ ~
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