HomeMy WebLinkAbout2621prior to entry of a judgment entorcing this Mortgage if: (a) Bor~ower pays Lcnde~ all sums which would be theo due under
this Mongage. the Note and notes securing Future Advanca. it any. had no acceleration occurrcd: (b) Bore+ower cures
all breaches of any other covenanu or agreements ot Borrower contained in this Mortgage; (c) Borrowe~ pays ail reasonable
expenses incurred by Lender i~ enforcing the rnvenaq~s and agrcements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereot, including. but not limited to. reasonable attorney's fas: and
(d) Borrower takes such action as Lender may reasonably rcquiro to assure that the lien of this Mortgage. I.endet's interat
in the P~operty and Borrower's obligation to pay the sums securod by this Mortgage shall co~tinue unimpairod. Upon such
paymeot and cpre by Borrower, this Mottgage and the obligations securcd hereby shall remain in futl force and elfcet as if
~o acceleration had occurred.
Z0. Assi~ameof ot Reatx Appoiatment of Recci~er. As additional security hereunde~. Borrower hereby assigns to
1_ender the rents of the Property. provided that Borrower shall, prior to acceleration under paragraph 18 he~eof or abandon-
ment of the Property, have the right to collect and retain such rents u t6ey become due and payabk.
Upon acceleration under paragraph 18 heroof or abandonment of the Property. Lende~ shall be e~tided to have a
receiver appointod by a court ta enter upon. take possession ot and manage the Pmperty and to collect the renis of the
Propeny. includi~g thoae past due. All rents collected by the receiver shall be applied 6rst to payment of the costs oi
management of the Propeny 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. 'Il~e receiver shall be liable to account
only for those rents actually received. .
21. Fnture Ad~ancea. Upon request by Borrower, l.ender, at Lender s option wilhin twenty years from the date of this
Mortgage; may make Future Advances to Borrower. Such Future Advances, with interest theroon, shall be secured by this
Mortgage when evidenced by promissory' notes stating that said notes aoe secured hereby. At no time shall the pri~ciQal
amount of the indebtedness socured by this Mortgage, noI including sums advanced in aocordanoe here~vith to protect the
sccurity of this Mortgage. excoed the origi~al amount of the Note plus USS. -°---------------'~--
22. Rdease. Upan payment of all sums socured by this Mortgage. Lender shall releace this Mortgage without charge
to Borrower. Borrower shall pay aU costs of recorda~ion. if any.
23. Attorsep'~ Fees. As used in this Mortgage and in the Note. "attorney's fces" shall include attorney's fces. if any.
which may be awuded by an appellate coun.
IN WIl'NESS WHEREOF, Borrowcr has cxccutecl this Mortgagc.
Signed, sealcd and delivered
in thc Drescnce of:
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J`~_~` . . . . . . . . . . kepublk of ~cuaa • -• • i
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STATE OF F~/E~~I~I,~ ~ .
Province of Pichincb~
Citr of Quito
. . . . .Ecuado~lnbassy.of.The.l~~~ S~ .
of Amer~cs
de ~Perez~ • ~ ~
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I hercby certify that on this day, before me, an officer duly aut nzed in the state aforesaid and in tbe county
aforesaid to take acknowledgements, personally appeated. FQXnBA~Q. G~ .~~F~~. a~l~.~~oria _c}e_ Perezi _,
• • • •his. utife .. . . . . . . .. . . . . .. .. .. .. . to me known to be the person(s) described in and who executed the
foregoing instrumcnt and acknowledgcd before me that. ..t11ey.. .. ...cxecuted the same for the purpose ther~ein
ezpressed.
W~TrtESS my hand and oRicial seal in the county and state aforesaid this.l9.th ..~f~cxxxxx~c .aay ot
. . . O~i.aher . . . . . . . . . . . . . . . .. 19. $Q . ..
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(Spsce Below This line Reserved For LerWer and R~cwOep
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FILEC RhC ~' GOFtI: U
St.LUCif CGUNiY.f t A.
ROGER P~I7RA5
CLERK C{~C'.iti Ct~:1Rjn
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