201400400 - Laserfiche WebLink

Browse

the redemption period shall be reduced to sixty (60) days, consistent with the provisions of Section 628.27, Code of Iowa, or any revision or successor thereof; and (c) If the Mortgaged Property is not used for agricultural purposes, as defined in Iowa Code Section 535.13, and is either not the residence of the Borrower or owner, or is such a residence but is not a single family or a two family dwelling, and Lender waives its right to a deficiency judgment in the foreclosure action, the redemption period shall be reduced to ninety (90) days, consistent with the provisions of Section 628.28, Code of Iowa, or any revision or successor thereof. 3. The Borrower will pay all expenses, including the reasonable fees and expenses of Iegal counsel for the Lender, incurred in connection with the preparation, administration, amendment, modification or enforcement of this Security Instrument. 4. Borrower warrants the Mortgaged Property is not used for agricultural purposes as defined in Iowa Code Section 535.13 and is not agricultural land as defined in Iowa Code Section 911.1. Borrower further warrants the Mortgaged Property is not a one family or two family dwelling. 5. The Borrower herein acknowledges receipt of a copy of this Security Instrument. 6. IMPORTANT: READ BEFORE SIGNING. THE TERMS OF THIS AGREEMENT SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE TERMS IN WRITING ARE ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT CONTAINED IN THIS WRITTEN CONTRACT MAY BE LEGALLY ENFORCED. YOU MAY CHANGE THE TERMS OF THIS AGREEMENT ONLY BY ANOTHER WRITTEN AGREEMENT. ** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** FOR MORTGAGED PROPERTY LOCATED IN KANSAS 201400400 1. The introductory paragraph on Page 1 of this Security Instrument is hereby amended in its entirety to read as follows: To secure the payment of an indebtedness in the principal sum of the Loan Amount set forth on Schedule A attached hereto and made a part hereof, in lawful money of the United States of America, to be paid with interest according to the terms of that certain Promissory Note dated as of even date herewith, with a maturity date of January 10, 2036, made by Borrower to Lender (such note together with all extensions, renewals or modifications thereof being hereinafter collectively called the "Note ") and all other Debt (hereinafter defined), Borrower has mortgaged, given, granted, bargained, sold, aliened, enfeoffed, conveyed, confirmed, pledged, assigned, and hypothecated and by these presents does hereby mortgage, give, grant, bargain, sell, alien, enfeoff, convey, confirm, - 96 -