HomeMy WebLinkAbout1260prior to eotry ot a judgrt~ent eatorcing this Mortgage it: (a) Borrowe~ pays Lender all sums which would be then due under
this Mortpae. the NWe and aotes securins Future Advances. it any. had ao aoaleration occurred; Ib) Bortavet cura
all br~eaches ot any other oovenants or aareements ot Borrower containod in this Mortpse; (c) Bornuwer pays all ~+easonable
expenxs iacurned by Leader in e~torcing the covenagta and aaramenb ot Bormaet ooatained in tba Mortp~e and ia
enforcia` Lender's rcmedia u provided in paragraph 18 henwf. includina, but not limited to. ressonabb attorney's fea: and
(d) Borrower taka wch action as Lende~ may reasonably rcquioe to assure that the lien of this Mottpse. L,ender't interat
in the Property ard BoR+owe~'s obligation to pay the sums securod by this Mort~aae ~all continue uaimpairod. Upoa such
payment and cure by Borrower~ this Mortgage and the obligations securcd henby :hall remain in full foroe and eRact u if
no accekntan had occurred.
Z~. A~d[~weN a( ReNq AppoiMa~eN ot Rccelrer. As additional security hereunder. Borrower hereby assians to
Lender tbe rents ot the Propeny~ provided that Borrower shall. prior to acceleration under puas~a~ph 18 heroof or abandon•
ment of the Property. have the right to collect and retain such rcnts as they become due and payabk.
Upoo accekmtion under paragnph 18 heroof or abando~ment oi tQe Property. L.ender shaU be entitled to have a
roceiver appointod by a court to enter upon. take possession of and manage the Propetty and to colkct the nnts of t6e
Propetty. including those past due. All rents rnllectod by the receiver shall be applied Bra to paymeat .of the costs ot
management of the Propeny and rnllection of rents. including, but not limitod to. rxeiver's foa. ptemiums on receiver's
bonds and reasonabk attorney's fees. and thea to the sums secured by this Murtga~e. 'ILe receiver shall be IiaWe to ucount
only for those rcats actually received.
21. FN~re Ad~s~eea. Upon request by Bo~rower. I~nder. at Lender's option withia twenty yean Erom the date of this
Mortgage. may make Future Advances to Borrower. Such Futurc Advance.s, with iaterat theroon. shall be secured by this
Mortgage when evidenood by promissory nota stating that said notes are secured hereby. At no time shall tbe principal
amouat of the indebtodness secur~d by this Mortaage, not includina sums adva~oed in aooordanoe herewith to protect the
security of this Mortgage, exceed the origioal amount of the Note plus USS. ---------------------------
22. Reka~a Upc~n payment of all swns securod by this Mortgage, Lender shall release this Mortgage without chuge
to Borrower. Borrowe~ shall pay aU coats of recordatan. if any.
23. Adoroey's Fas. As used in this Mottgage and i~ the Notc. "attorney's foa" shall include attorney's foa.~ if any,
which may be awarded by an appellate court. •
IN WCMESS WHLREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in tbe presenoe of:
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. ~~e~..a~ . . ~ . . . . . . . . . . . . . . . . . . . . . .
. ~ ~~x~~`:~. . . . . . . . . . . ~
~Daniel Santa Cruz ~, ~_~~;
, J C/ ,/~1~~i~C~ ~K'<'L! G~.. - . ~~ . .(SC81)
~V~oleta Santa Cruz ~ ~ ~ .~,r,o,,,~,
STATE OF Vl~~dl~~ ...I~.`.~~`j) .:YJ~ v~~t~,~,~. .''~.-b,P-'County ss:
I hereby certify that on this day, before mc, an oH'icer duly authorized in the state aforesaid and in the county
~ Daniel Santa Cru an o et
aforesaid to tate aclcnowledgements, personally appeared. . . . ~. .~ .Y~. ~. ~ .$~~~. . . . .
. Cruz~, his ,wife, .._,_,.... ,,.~ io me known to bc the person(s) described in and who executed the
toregoing instrument and acknowledged beforc me that. .. theX ......executed the same for the purpose therein
expressed.
W~rt~tESS my hand and official scal in the county and state aforesaid this. .......3~St. .. .. .. .... .day of
. . J?~4~s~rY . . . .. . . .. . . . . . . . . . . . . .. 19. ~~.. ..
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