HomeMy WebLinkAbout2646prior to e~t-y of a judgment e~forciog this Mortgaae if: (a) Borrowtr pays Lender all sums which would be then due under
this Mo~tgage. the Note and ~otea securing Future Advances. it aoy, had no accele~ation occurrcd; Ib) Borrower cura
all breaches of any other covenants or agreements of Borruwer contained in this Mortgage; (c) Borrowe~ pays all reasonable
experua incuned by Leader in enforcing the rnvenagts and agraments of Borrower contained i~ this Mortgage and in
enforcing l.e~der's remedia as provided in pangraph 18 hercof. including. but ~wt limitod to. reuo~able attorney'a fas; and
(d) Borrower taka such action as t,ende~ may rcaso~ably rcquirc to assure that the lien of this Mortgage, Lender's inte~est
in ihc Propeny and Borrower's obligatio~ to pay the sums securcd by this Mortgage shall rnntinue tu~impaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations sccurod hereby shall remain in tul) foroe and effect as it
no acceleration had oocurred.
20. Assi~smeat ot Reat~ Appoiatmeat ot Receiver. As additional security hereu~der. Borrower hercby assigns to
l.ender the rents of the Property. proviekd that Borrower shall, prior to acceleration unde~ paragraph 18 hereof or abandon-
ment of the Property. have the right to collect and retain such rents aa tbey bocome due and payabk.
Upon accele~ation under paragraph 18 hereof or aba~donment of the Property. l.ender shall be eatitled to have a
receiver appointod by a court to enter upon. take possession of and manage the Pooperty and to coUect the rents of the
Propeny. including those past due. All rents collxted by the receiver shall be appliod first to payment of the costs oi
management of the Propehy and collection of rents, including, but ~ot limited to, receiver's fees. prcmiums on receiver's
bonds a~d reasonabk attorney's foes, and then to the sums securcd by this Mortgage. The receiver shall be liable to account
only for those rents actwlly roceived.
21- FW~e Ad~aacea. Upo~ request by Borrower, l.cnder, at Lenders option wilhin twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Fuwre Advances, with intercst thereo~, shall be socurcd by this
Mortgage wheo evidenced by promissory notes stating that said notes are securcd hercby. At no time shall the principal
amount of the indebted~esc ucured by this Mortgage, not inctuding sums advanced in acxordance herewith to prottet the
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security ot this Mortgage, excted the original amount of the Note plus USS. ---------~------------------~
22. Rekase. UpQn payment of all sums secured by this Mortgage, Lender shall nleue this Mo~tgage without charge
to Burrower. Borrower shall pay all costs of recordatan, if any. .
23. Attoreey's Fees. As used in this Mongage and in the Note, ''attorney's fees" shall include attorney's fees. if any,
which may be awuded by an appellate court. -
~N W/ITNESS ~1~/HEREOF, Borrowcr has cxccutcd this Mottgage.
Signcd, sealcd and delivered
in thc prescnce of:
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STATE OF 7~~~~ . . . . . . Mi ss.4ur! . . . . .v . . . . . . . . . . . . . . . .C~il~tj/ss:
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I hereby certi thaTon this day, be or+e me, an ofi'icer ~uly authorized in the state aforesaid and in the county
aforesaid to take acknowledg~:ments, pcrsonally appearcd. . . 1iar41d. R.. .6et~,. ~n .4n~rr,i ed ,q~n, , , , , , ,
• . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. to me known to be the person(s) described in and who eaecuted the
foregoi~g instrument and acknowledged before me that. .. he ..... ...caecuted the same for the purpcue therein
~~'VV ~~6~ hand and official seal in the county and statr aforesaid this....... ~3th .............day of
_;%~ ~~ far r ~ii . . . . . . . . . . . . .. 19. 81. . ..
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(Spfte Bslow This lirn R~s~rved Fw lende~ and RetWdeq
19u1 F::~ 18 P~t 2~ 29
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