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<br /> prior to enuy of a judgmeat enforcing ihis Mortgage iF: ta) Borrowor gsys Lender all sums which would be then due under :
<br /> this Mortgage; the Note and notes securing Futurt Advances, if any, had no acceleration occurred; (b) Borrower curea all ;' ' `F
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<br /> bceaches of any otHer aovenanu pr agreements of Borrower contained in this Mortgage; (c) Borrower pays all nasonable � ' r �:
<br /> pcpenses iacurred by' Lender in enforcmg 'the covenants and agreements of Borrower contained in this Mortgage and in z `� � S�"
<br /> enforcing Lender'a r�medies as provided in paragraph 18 hereof, including, but not limited to, reasonable attomey's fces; and '
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<br /> (d) Borrower takes such action as Lender may reasonably require to assure that the Jien of this Mortgage, Lender'n interest �
<br /> in the Property and BorcowePs obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon sueh s "'
<br /> payment and cure by Borrower, this Mortgage and the obligations secured hereby shali remain in full foree and eKect as if ` ;s'
<br /> reo accNeration had occurred. "' `
<br /> # 20. Aasignment of Rents; Appolotment of Receiver, Lender in Possessfon. As additional security hereunder, Bonower
<br /> ! hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under pazagraph 18
<br /> `i hereof or abandonment of the Property, have the right to coItect and retain such rents as they become due and payable.
<br /> � Upon acceleration under paragraph 18 hereof or abandonment of ihe Property, Lender, in person, by agent or by ` '
<br /> d judicially appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to collect the �
<br /> # rents of the Property, induding those past due. All rents collected by Lender or the receiver shali be apptied first to paymrnt
<br /> � of the costs of management of the Property and collection of rents, inctuding, but not iimited to, receiver's fees, premiums on
<br /> ((( receiver's bonds and ressonable attorney's fees, and then to the sums secured by this Mor�gage. Lender and the receivtr
<br /> h� shall be liable to account only for those rents actually received.
<br /> 21. Falure Advances. Upon request of Borrower, L.ender, at Lenders option prior to release of this Mortgage, may
<br /> make Future Advances to Borrower. Such Future Advances, wilh intercst thereon, shall be secured by this Mortgage when
<br /> evidrnced by promissory notes stating that said notes are ucured hereby. At no time shall the principal amount of the
<br /> � indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the security of this >
<br /> , � Mortgage, exceed the original amount of the Note plus USS . _ .4 , �a`.Q . QQ. . . . . . . . �,:
<br /> 22. Release. LJpon payment of aIl sums secured by this Mortgage, Lender shall discharge this Mortgage without �
<br /> charge to Borrowea Borrower ahall pay aU costs of recordation, i: any.
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<br /> § � . . IN WITNESS W1iSREOF, Borrower has executed this MoRgage. . � X
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<br /> � � . .../.J� }!� �. . t?':° ?'�-?�- . . . . . . . . . . . . . . . . . . . . � �' ;:
<br /> .� �Steven M . McMahan —eO�r , � ='r�
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<br /> , 7 � . . . � . . . . �•I�M/4i/T. '�/• . �. . .� �. - - l � . . . . � . . . . . . . . � . . ! ( ��'ry, rJY�.'
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<br /> a Gwen M . McMahan -eo�� c� ; � �"Y�
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<br /> ' STwTe oF Nasw►sxw . . . . . . . . . . HAL L . . . . . . . . . . . . . . . . . . . . . . . County ss: � r � � :
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<br /> On this . , . . . . .�tb . . . . . . . day of . . . . . MaY . . . . . . . . , 19�$. . , before me, the undersigned, a Notary PubBc .1 , a � �
<br /> dnl co+*+�++i��ioned and qualiSed for said county, personally came . . Stgven ,N� , . M�Mahan .aod . Gw�at .M . . MCMahan , � F '_+ , '��`�
<br /> husband and wife,, each . � n. his . and , her own , right and . as, spousg , Qfo��� tomeknowntobethe � ' �'� �
<br /> idenUcal pe=son(s) whose name(s) are subscribed to the [oregoing instrument and acknowledged :he execution �; '� '`'�
<br /> Wereof to be _ . . tre �.� . . . . . . . voluntary act and deed. : . `
<br /> Witness my hand and notarial seal at . . . .Gr. a � d . .Isl .and , . NE. . . . . . . . . . . . . . . . . . . . . . in said councy, the �
<br /> date aforesaid. �
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<br /> My Commission expires: ��-07 3- � g' . . . .����G�C,1� . ��C�?-� . . . . . . . . . . . . . . . . . .
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<br /> . � � � � � Notary Publie �
<br /> r � - GENERALNOTAIIY - SLtrdtNOr. � � � .:
<br /> OE80RAH L KIMBLE
<br /> . . . . � yYComm. E+0. Nov. 2�. t979 � .
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<br /> z. ;� Relum Home �ederar` �
<br /> ` . =•� P.O. Box 1009
<br /> � Loen #�..�
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