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HomeMy WebLinkAbout0983 ~ prior ro enlry o! a judgment enforcing this Mortgage if: fa) Bor~ower pays l.ender all sums which w~uld be then due under this Mortgage, the Note and notes securing Future Advance~, if any, had no acceleratiun occu~red; Ibl Bo~rower cures all breaches of any other covenants or sgreements of Borruwer re~ntained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenant~ and ag~eeme~ts of Borrower contained in this Mortgage and in enforcing [.ender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasanable attomey's fees; and Id) Horrower takes such action as Ixnder may reasonabiy 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 hlortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mongage and the abligations secured hereb~~ shall remain in full force and efiect as if no acceleration had occurred. 20. Assignment of Rents; Appointment of Recciver. Ax additional sec~rity hereunder, Borrower hereby assigns to l.ender the rents of the Property, provide~ that Borrowcr shall, prior to ac~clcration under paragraph 18 hereof or abandon- m~nt of the Property, have the nght to collect and retain such rents as they become due and payable. Upon acceleration under paragraph 1R hereof or rhand~nme~t of the Property. Lender shall t~e entitled to have a recei~~er appainted by a court to enter u~n, take possession of and manage the Property and to collect the rents of the Propc:rty, including those past due: All rents collected b~~ the receiver shall be applied F~rst to payment of the costs of management of the Propert~• and collection uf rents, including, but not limited t~, receiver's fees, ~remiums on receiver's twnds and rrasonabte attorney's fees, and then to the sums ~ecured by this Mortgage. The receive~ shall be liable to account only for those rent~ actuxUy received. 21. bbture Ad~•ances. Upon rcyuest by Borrowrr, l.ender, at l endcr's option within twenty years from the date of this Mortg:~ge, may make Fuwre Advances to Borrower. Such Future AJ~~ances, w+th interest thereon, shall be secwed by this Mortgage when evidenced by promissory notes stating that said nates are secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the securit.r' of thi~ Mortg2ge, exceed the original amount of the Note plus l1SS. . • . . . . . . . . . . . . . . . . 22. Release, Upon payment of ali sums secured by this Mortgage, I_ender shal! release this Mortgage without charge to Borrower. Borrower shal! pay a!I costs of rccordation, if an~~. 23. Attorney's Fees. As used in this Mortgage and in the Nute. "auorncy's fees" shall mclude attorney's fees, if any, which ma}• be awarded by an appell:?te court. IN WITNESS WFIEREOF, Borrowcr has cxecutcd ihis Mortgage. Signed, sealed and delivered in the presence of: ! ? f~ c . 'tti:l:~(~. .J.'~J. . . . ~ . ~C-C-. . . . . . . ~ . nl. .~r/... . . . . . . . . . . . . . . . . . . . . . (Seal) ~ • ~ FTZID H. LEf~?~AN -Bonower . _ . _ . ~4-.l . ~..'`C., . . . ~~.1~:.~. . t... l . ~ . . . . . . . . . . . . . . (Seal) PATRICIA S, I,g~~l -Borrower STAT£ OF~,A, .ILLII~KIIS . . . . . . . . . . . . . . . . . . ~./.Q.~~: .COUDty SS: 3 I hereby certify that on this day, bc;fore mc, an oflicer duly authorized in the state aforesaid and in ihe county aforesaid to take acknowledgements, personally appeared. .FRF,A H, dt~d.PATRICTA.S. .I,F~A'1F1iV, ` Y~$.~fe , , , , , , , , , , , , , , , , , , , , , , , , , , to me known to be: the person(s) described in and who executed the ' foregoing instrument and acknowledged before me thai ...~hB~ executed the same for the purpose therein expressed. ` WtTNESS my hand and official seal in the county and state aforesaid this . ..4~. ....day of .Jl~-Y . . . . . . . . . . . . . . . . . . . . . . . . , t 9 . . $4. . . r , ^ ~ ~ . / ~ ,.A4~Y.~ommission expires: 5 , ~f / ( - h ~ . . . '~~.L4: . . : . ~;?-_'L~ ~ . . . . . . . C . • ' ' ~'C~Ij ' Ndary PuDlic a : Q - ;v"- . . ~ _ ~ ~ = = . ~ 1\_ , : . . ~ {Sp~ce Below This L~ne Reserved For lender and Reco?derj P10^~K ~J~ P!GE Jg~ ~ ~ ~ ~ ~ . ~ - - - ~ _