HomeMy WebLinkAbout1762prior to entry of a judgment enforcing this Mortgage if: (a) Bortower pays Lender all sums which would be then due under
this Mongage, the Note aod notes securing Future Adva~ca. it any, had no acceleration occurred; (b) Borrower cures
all brcaches of any othe~ covenants or agrcements ot Borrowe~ contained in this Mortgage; (e) Borrower pays all ressonable
expenses incurred by I.ender in enforcing the covenagts and agreeme~ts of Borrower contai~ed in this Mottgage and in
enforci~g l.ender's remedies as provided in paragraph 18 hercof. including, but twt limited to. rcuonable attorney's fas; and
(d) Borrower taka such action as [,ender may rcasonably requirc to assure that the lien of this Mortgage. Lender's interest
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaircd. Upon auch
paymcnt and curc by Borrower. this Mortgage and the obligatio~s securcd hereby shall remain in full force and effect as if
no acceleration had occuroed.
20. AS6~IImlA~ O~ Rtlll~ AppO11111plp~ of Recelver. As additional security hereunder, Borrower hereby assigns to
l.ende~ the renta of the Propeny, provided that Borrowe~ shall, prior to acceleration under paragraph 18 hereof or abandon-
ment o( the Property, have the right to collect and retai~ such rents as t6ey bocome due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, l.ender shall be eotitled to have a
receiver appointed by a~~ourt to enter upon. take possession of anJ manage the Property and to collect the rents of the
Property. including those put due. All rents collectaf by the receiver shall be applied first to payment of the costs of
management of the Pmpeny and collection of rents, including, bat not limited to, receiver's Fees. premiums on rcceiver's
bo~ds and reuonabk attorney's feu, and then ta the sums secured by this Mortgage. The roceiver shall be liable to account
o~ly for those rents actually received.
21. Fnt~re Advaac~s, Upon requ~st by Borrower, l.ender, at [_ender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no iime shall the princepal
amount of the indebtodness secured by this Mortgage. not including sums advanced in accordance herewith to protect the
security of this Morigage. excced the original amou~t of Ihe Note plus USS . ............
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22. Rdease. UpcM payment ot all sums securcd b~ this Mortgage, Lender shall release this Mortgage without chuge
to Bonower. Borrower shall pay all costs o[ recordation, if any.
23. Attoraey's Fees. As used in this Mortgagc and in the Note, "attorney's fecs" shall include attorney's fces, i( any,
which may be awuded by an appellate court.
~N WITNESS WNEREOF, Borrower has executed this Mortgage.
Signcd. sealed and delivered
in the prc:sence of:
. .~u!~~/l~~C~ ` . .. .. . .. . ... . . .. .. . ,~!.1~ . ~.~.~-:. ..., ~..~~•r~:t~rv`:1~. .. .(Seal)
> J ~"~ h7e.l~Vin F. Sterner • -awro...
~ .
. : ~ :-~. !`l!~C ~.~/~~". <<:~~-_C'. . . . . . . . ~~r: ,l. . .~.E. .-° . . . . . . . . . . . . . . . . . . . . (seal)
'^ ^`_ ~ l~n~,~~` Gwen L. Sterner ~-ewrowe.
/ j
ST~r~ oF ~,L~d1E144-, - . . . . . . . . . . . . . . . . d~dpt~ ss:
~ ~Zv-rt~-~ J ~~ ~ j ~. ~ .~,r.~~~- ~
I hereby certit~ that`bn this ciay, bcfore mc, an officer duly authorized in the state aforesaid and in the county
aforesaid to take acknowledgcments. p~:rsonally appeared. . .~~~v,~[1 ,~. . St~;r~z.~ C~~. j,,. . . . . . . . . . .
. . . Sterner,. his .wife . . . . . . . . . . . . . .. to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that ...~y. ...... executc:d the same for the purpose therein
expressed.
WiTrtESS my hand and ofTicial sral in the county and state afo esaid this. .......z~XG~. ........ .. .day of
... lanuar~ ......................19..8~... i
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M~.Commission eap~res: ~~j ~
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. c `.~~- ~ 4 • ~ 'p~ •: ~. ' CiCORTR ~. SIriPSON
~~ J r /iYi '~ ~1- ; Naery P~blic, C~:~}.l~r.' Cc.unTy. ~tichigar
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' My Com~.i».~n i:aYi:.:s ]une 10~ i~32
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(Sps:e 8elow This line Reserved For Lender snd RecwOer)
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19~1 M ~° -2 ':i ;2~ 33
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