HomeMy WebLinkAbout1811prior to eniry of a judgment cnforcing ~his Mortgage if: (a) Borrower pays Lender all sums which woutd be then due under
this Mortgage, the Note and notes secu~ing Future Advances, it any. had no acceleration occurrcd: (b) Borrowe~ cures
all brcaches of any other rnvenants or agreements of Bo~rower contaioed i~ this Mortgage: (c) Bomower pays ali reaso~able
expenses incurred by Lender i~ eaforcing the covenagts and agrcements of Borrower contained in this Mortgage and in
enforcing [.ender's remedia as pmvided in paragraph 18 hcreof, includi~g, but not limited to. reasonable attomey's fees; and
(d) Bonower takes such action as Lender may reasonably require to assurc that the lien of this Mortgage. Lender's i~tercst
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall rnntinue unimpaired. Upon such
payment and cure by Borrower. this Mortgage a~d the obligations secured hereby shall rcmain in full force and eR`ect u if
no acceleration had occurred.
20. Assigament ot Real~ Appoiata~eat of Receiver. As additional xcurity her+eunder. Borrower hereby assigns to
I.ende~ the rcnts of the Propetty, provided that Borrower shall, prior to acceleration under paragraph 18 hercof or abandon-
ment of thr Property, have the right to collect and retain such rents u they b~ome due and payable.
Upon acceleration unde~ paragraph 18 hereof or abandonment of the Property, Lender shall be entitlod to have a
receiver appointed by a couct to enter upon, take possession of and maoage the Properiy and to collect the rents of the
Propeny. including those past due. All rents coltected by the receiver sh~ll be applied first to p~yment of the coats of
management of the' Propeny and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
bo~ds and reasonable attorney's fces, and then to the sums secured by this Mortgage. 71ie rectiver.~hall be tiable to account
only [or those rents actually received. ''- `
21. Fuhue Advaaces. Upon request by Borrower, l.ender, at I_ender s optian within twenty yeaR from the date of this
Mortgage. may make Future Advances to Borrower. Such Future Advances, with interost thereon, shall be s~cured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtednas secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage. exceed ihe original amount of the Note plus USS . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
22. Rekase. UpQn paymeat of all sums secured by this Mortgage~, Lender shall r+elease this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, it any.
23. Adoruey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any.
which may be awarekd by a~ appellate court.
~N WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the prescnce of:
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N ina Kaye . . . . . . _~~1M1e,
.........................................(Seal)
-ewrowar
STAT~o,F ~~-(~~~ • - • • - • •'• - - -N~! YQ~k . . . . . . . . . . . . . . . . . . . .~bGt~t'~ SS:
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1 hercby certify t1~at od tihis day, before me, an officer duly authorized in the state aforesaid and in the county
a(oresaid to take acknowledgements, personally appeared. . N1na. KaXe, .dn tuunarried wCOnan .
• • - • • • • - - • • - • • • - • • • . . . . . . . . . . . . . . . . .. to me known to be the person(s) described in and who eaecuted the
foregoing instrument and acknowledged before me that ..s.~~ _._...... caecuted the samc for the purposc therein
eapressed.
W~Tness my hand and official seal in the county and state aforesaid this. . . . . 29~? . . . . . . . . . . . . . .day of
. _ Janua~y. . . . . .. . . . . .. . . . . . . .. 19 . .81. ..
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