HomeMy WebLinkAbout2490prior to entry ot a judgment entorcing this Mortgage it: (a) Borrower pays [_ender all sums which would be then due undcr
this Mortgage, ihe Note and ~otes securing Future Advances, if any, had no acceleration occurred; (b) Borrowet cura
all breaches ot any other covenants or agreements of Borrowe~ cantained in this Mongage: (c) Borrower pays all rcasonable
expenus incu~red by lxnder in enforcing the covena~jts aod agreeme~ts uf Borrower contained in this Mortgage and in
enforcing !_ender's rYmedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees; and
(d) Borrower takes such action as l.ender may reasonably reyuire 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 u~impaired. Upon such
p:+yme~t and cure by Borrower, this Mongage and the obligations secured hereby shall remain in full force a~d efiect as it
.._~___.:.._ .._., ..,,,. _._,,
20. ~Assignmeat of .Rents; Appointmeat of Receiver. As additional security hcreunder, Borrower hereby assigns to
Lcnder the rents of the Propcrty, provideJ that Borruwcr shall, prior to ac:eleration undcr paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rcn~s as they become due and payable.
Upon accekration under paragraph 18 hereof ur abandonment of the Property, l~nder shall be entitled to have a
receive~ appointed by a court to enter upon, take possessiun af and manage the Property and to collect the ~ents of the
Property, including thou past due. All rents collectecl by the receiver shall be applied first to payment of the eosts ot
management of the Property and coll~~;tion uf rents, including, but m~t limited to, receiver i[ees, premiums on receiver's
bonds and reasonable attorney's fees, and then to the sums secu~eel by this Mortgage. The receiver ~hall be liable to accaunt
only tor those rents acWally received.
21. Future AdvApces. Upon reyuest by Rorrower. Lcnder, at I_ender's option within twenty years from the date of this
Mortgage, may make Fuwre Advances to Borrower. Such Future Advances, with interest thereon, ~hall be secured by this
Murtgage when evidenced by promissory notes stating that said notes are ~ecured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums adv•rnced in arcordance herewith to protect the
security ot this Mortgage, exceed the original amount of the Note plus USS •'°~~~'-`~~_~~
22. ReleaSe. Upcm payment ot all sums secured by this Mortgage, i.ernler shall re!ease this Mortgage without charge
t~ &.rrowe~. Bc~r~awer shall pay all cos~s of recordation, if rny.
23. Attoruey's Fees. As usc;d in this Mortgagc and in thc Nutc. "attorncy's fc~:s" shall include attorney's fees, if any,
whi~h may be awarJ~1 by :+n appeltate c9utt. ~
~N WITNESS WHEREOF, Borrowcr has cxccutcd this Mortgagc.
Signcd, scalcd and delivcrcd /
in the presence of;, I -~' ~
(: /, ~' , ,
,-~ ~ ~ . /~ / `' ,~~
' /~i ~. ~, ~ ~
. :..................... ..f ...... .......... .. ..... ..(Scal)
............... ... . ... ...
, ~ trTinifr ~C. Chung --e~*~~•
........ .................. ~ ,,--... r................................(Seal)
• • • • • • • • • • • ' ~ ~J -BOf/OWN
, _ ~.1 i; -~ ~. ~~-c, ,-. C_ t _,(~.1/ ,Z ~~
./
~f~bkld~, . . . . Bri~isk~_ ~Ve.~~ . ~t~d~~ . . . . . . . . . . . . . .~6ddt~~ss:
I hercby certify that on this day, befare mr, an otFicer duly authoriud in the state aforesaid and in the county
aforesaid to take acknowledgrments, prrsonally appcarcd . . t1~7-Cl~~z~l .C. . ChWlq. .dLl. 181tD~r7~E'.d . . . . . . . .
Y~tall . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. to me known to tx the person(s) dcscribed in and~y~h~~executod the
faregoing instrumcnt anJ 3cknowlcdged beforr me that ..She ......... executrd thr same f~r ~~urpo~C therein
•` k
ezpressed. ~ ~.- ~ - .
,~ .. ;
~ -~: : _ . : ~ si .
. • _
W~TNess my hand and official stai in thc cuunty and' ' ir afor~~id this. ... ~ 4. .... .:.~ ~
- - - - January . . . . . . . . . . . . . . . . . . . . . I9 . .8l . . . ~ ~ ~. . . .-~~#1'~ ` f ; :~ ..
~ . ~ •~ .~ , ~v+c.
. ~~ -f--~ _ ~ ~ `C? ~~ ' ~ ~ '~V~
n ~, ^ f: 1~ <},
My C~mmission czp~rr:s: • ~ /~'•'' ~'' : ~ ~1 ~=, '~' • '
l } . . . . . . ~ . . ~.' . ` . ~ . .\. . .~ . . . . . . . . . . . . . . . `~~~.'i~ . . . . .
~S„q Not~ry PuDtic , .
~-
(Spsce oeiow Th~s Line Resened For Lender and Recoroer)
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19~1 M,A~t 3 I -:1 2~ ~ 9
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''K ~351 F~,E 2486