HomeMy WebLinkAbout0604prior to entry of a judgment totorcing this Mortgage it: la) Bo~ruwer paya l.ender •rll sums which would be then due under
this Mortgage, tl~e Nwe a~d ~otes securing Futurc Advances, if any, had no accet~ration occurred; tb) Borrower cures
all breacba of any othet cove~ants or agreemenu o! Borrowe~ contained in this Martgage: Ic) Rerrower pays all reasonable
exp~nses ir~curred by L,eader in enforcing the rnvenants and ag~cements of Borrower co~taineci in this hlortgage and in
enforcin6 Lende~i remedies u ptovided in patagraph IR hereof, including, but not limited to, reasonable attorney's fta; and
(d) Borrower takes wch aetion as Lender may reasonably ~eyuirc to assure that the lie~ ot Ihis Mortgage. Lender s interest
in ihe P~operty aad Bomower's obligation to pay the sums sc~urcd by this Mongage shall continue unimpaired. Upon such
payment and cure by Borrower. this Mortgage and the obligations secured hercby shall remain in [ull force and effect as if
no accekration had occurred.
2~. Asd~weN oE Re~ AppoiM~neot of Receire~. As additio~al security hereunder, Borrower hereby assigns ta
Lender t6e rents of the Property. pr+ovided that Borrowrr shall, prior to accekration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rrnts as they become due and payable.
Upon acceleration u~der paragraph 18 hereof or abando~me~t of thc Propeny, l.ender shall be entitled ~o have a
roceiver appointed by a court to enter upon. take pcusession ot and mana~te the Property and to collect the rents of the
Property, including those put due. All rcnts collected by the receiver shall be applied 6rst to payment of the costs of
management of the Property and collection of rcnts, including, but not limited to, receiver's fees, prcmiums on receiver's
bonds and reasonabk attomey's toa, and then to the sums socured by this Mortgage. The receiver shall be liable to account
only tor those reats xtually rcceived.
21. Frt~re Advs~cea. Upon request by Borrower, Lender, at Lender's option withire twenty years from the date of this
Mortgage. may malce Future Advancac to Borrower. Such Future Advances; with intercst thereon, sha~l be secured by this
111ortgage when evidenced by promissory nota stating that said notes arc secured hereby. At no time shall the principal
amouat of the indebted~est secured by this Mongage. not including sums advanced in accordance herewith to protect the
xcurity oT this Mortgage, excoed the original amount of the Note plus USS . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
~ Y2. Rekase. Upon payment of all sums securod by this Mortgage. Lender shall release this Mongage without charge
to Borrorver. Borrower s6a11 pay all costs of rccordation, it any.
23. Atto~ep's Fees. As used in this Mortgage a~d in the Note, "attomey's fees" shall include attorney's fees, if any,
which may be awuded by an appellate casrt.
IN WITNESS WNEREOF, Borrower has execueed this Mortgage.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . cs~~, ~
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s,~a, sealed and deG ~a
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I hereby certify that on this day, before me, an ofTicer duly authoriud in the state aforesaid and in the county
aforesaid to take aclcnowledgements, perso~a~~y ap~area. .. Roy. Dls~e~ .and. Nancl.Ol sen,. .ht s• wi fa •-•-
• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who eaecutecl the
foregoing instrument and acknowtedged before me that.tFley_ ...._.._cxecuted the same for the purpose therein
expressed.
WtrrtESS my hand and officia{ seal in the county and state aforesaid this. . . .13th . . . . . . . . . . . . . . . .day of
. . . . . . . . Jan~ld~'~c . . . . . . . . . . . . . . . .. ~9. .81. ..
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