HomeMy WebLinkAbout2507priur to entry of a judgment entorcing this Mortgage if : 1 a) Barrower pays I_ender all sums which would he then due undcr
this Mortgage, the Note and notes securing Future AIIV;~flCCl, if any, had no ac.eleration occurred; Ib) Borrower cura
all breaches of any other covenants or agreements uf Born-wer contained in ihis Mortgage; (c) Borrower pays all reasonable
expenses incurred by Le~der id enforcing the covenaqts and agreements oi Borrower contained in this Mortgage and in
enforcing Lender's remedies as ptoviJed in paragraph I8 hereof, including, but no~ limited to, reasonable atrorney's fees; and
Id) Bo~rower takes such action as l.ender may reasonahly reyuire to assure that the iien of this Mortgage. Lender's interest
in the Proptrty and Borrower's obligation to pay the sums securecl by this Morigage shall continue unimpaired. Upon such
payment and cure by Borcower, this Mortgage and the obligations secured hereby shall remain in full force and eQect as if
no accele~ation had occurred.
20. Ass~nmeat ot Rent~ Appointmeat oi Recei~e~. A~ additianal secu~ity hercunder, Borrower hereby assigns ta
Lrnder the rents of the Property, provided th:+t Borr.~wer ~hall, priur to acceleration under paragraph 18 hereof or abandon-
mrnt of the Property, have the right to collecl and retain such rents ~s t6ey beeome due and payabl~.
Upon acceleration under par~g~aph 18 hereof or ah;~ndonment uf the Property, Lender shall be entided to have a
rereive~ appc~inted by a court tu enter upcm, t:+ke po~sessiun af and manage the Property and ta collect the rents of the
Prope~ty, including those pasl due. All re~its coUcY-ted hy thc receiver ~hall be appliecf first to payment of the costs of
management of the Property and collection uf rent,, includ~ng, hut not limitcd to, receiver'~ fees, premiums on recei~~er's
twnds and reasonablt attorney's fe~:s, and then to the sums secured by this Mongage. The receiver shail be liable to account
only for those rents actually received.
21. Future Advancea. Upon reyuest by HorruHrr, L.ender, at I.cnder'ti option within twenty years frum the da~e of this
M~r~gsge, may make Fulure !ldvartscs to Susrowcr. Such Fs~!ure Advances, with interest thr~eon, shall he secured by this
1lortgage when evidenced by promissory notes stahng that said note~ are se~,~red hereby. At no time shall the principal
rmuunt of tFk indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amaun: uf the Note plus USS. ---------------------~.
22. Rekase. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of reco~dat~un, il any.
23. Adorney's Fees. As uscd in this Mortgage and m tfic Nute. "attorney's feci' shall ~nclnde attorney's iees, if any,
v-hich may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has cxrcutrd this Mortgagc.
Signrd, scaled and delivered
in thr ptcscnce of: , n ~ /
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1 herehy certify that on this day, be~fore m~, an afticer dul~~ authoriud in the state aforesaid and in the county
af~~r~~said to take acknowled~cmcnts, prrson:~lly appearrd _ Leona rd . E.. Ne_i.t zke . and_ Ma rga re t. ._.____,..
A. Ne i tzke h i s wi fe .. ~;; ~.. ~ti~ ,.-~ ,, -,,,,,, ,,,,~ .~.ti .p ;
. . . . . . . . . . . . . . . . a . . _ . . . . . . . . . . . . . . . . ..~ me ~;z: :s~:: Y::sar.~~, ..M; :.,.., in .... r. ez~~u...~ h:
f.,reguing instrumcnt and ackno~~ledgr.i bcf~~rr ine that ... they ._.. ~xecut~d the same for ~he purpose therein
eipressed.
WtT:~FSS my hand and official ual in th, ru~nt} and statc aforesaid this. . . . _ . .~.3th . . . . . . . . . . . . .day of
.....Feb~uarY ....................19.81....
:~ty Coeii~expues: t \
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(Space Below TA~s L~ne Reserved For Lender and Recon:er)
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