80005183 - Laserfiche WebLink

Browse

80- G Ci 518;3 prior to entry of a judgmrnt enforcing this Mortgage iE. (a} Borrower pays Lender all sums which would be then due under this Morigags, the Note and notes securing Future Advances. if any, had no acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Barrowee comained in this Mortgage: (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the rnvenants and agreements of Borrower contained in this Mortgage and in enforcing Lendet's remedies as provided in paragraph 1R hereof, including, but not limited to, reasonahle attorney's fees; and (d) Btirrowertakes such action as Lender may reasonably require ro assure that the Tien of this Mortgage, Lender's intetxst in-the Frbpetty and Borrower's obligation to pay the ,ums secured by this Mortgage shall continue unimpaired. Upim such payment and cure by Borrower, this btortgage and cite obligations secured hereby shall remain in full force and effect as if no acceleration had occurred. 20. A~ignrwaat of ReWs; Appoiuttment of Receiver, Lender in Possession. As additional security hereunder, Borrower herebyassig~ to Lender the rents of the Property, provided that Harrower shalt, prior to acceleration under paragraph ]g hereof or abandonment of the Property, have the right to rnilect and retain such rents as they become due and payable. Upon acceleration under paragraph !S hereof or abandonment of the Propery. Lender. in person, by agent ar by judicially appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to coflect the rents of [he Property, inciuding those past due. Ali rents cal€ected by t_ertder or the receiver shaft be applied first to paymrnt of the costs of tlanagement of the Property and caiiection o[ rents. inchiding, but not limited to, receiver's fees, premiums on receiver's bonds and reasonahle attorney's fees, and then to the sums secured by this Mortgage. Lender and the receiver shall be liable to accoant only for thox mots actua)ly received. 21. Ftm~ Airar.ces. Upon regtxst of Borrower. Lender. at Lenders aptiar. prior to release of this Mortgage, may make fiuture Advances to Borrower. Such Fntttre .Advances, with interest thereon. shall be secured by this Ltortgage when evidenced by prorniswry notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, trot including sums advanced in accordance herewith to protect the security of this Mortgage, excoed the originsi amatmt at the Notc plus USe. '.+.,.SOO,IIG .... 22. Aakaae. Upon payment of alf sums ucured by this Mortgage, t.enJer shah discharge this Mortgage without charge to Harrower. Borrower sbaR pay alt casts of recordation. ~: any. Ix Wtrx~ss WHEREOF, Borrower has Cxccuted this Mortgage. land the corporate seal of said Vans electric Cazapany, a corporation) ,-r-r? r n i -9anower ' ce-President -~^~~ SrasEOF'~Si:bausrA....'.i-4~r ..................... . .. Counryss: On ttris...~~~......dav af... $~r=~a;.~~;' . 19. ~Q, betare me, the undersigned. a Nazar}' Public duly ~roatmissiancd and qualified fer said county, pirsonaiiy coma. „e4doS`e.:~.. 'x.ancsciaii.,..P.zesie;erLt .ard ..IIer.~-ais, G.., .~'~ncs~:2~ ~c~-?,*.'esi.~ezsi . t~~. ?.~n'.s . wle>tr.c -:cr:;~ary. . tc me known to be tfie idtnticai person(s) whasC nattteisF arc subscrilxd is the foregoing instrument and acknowledged the execution thatruf to bc ................caluntary act and deed. as such affiners a^d t'ce voitustarj ~c~ yixsd deed of Witttess tot hand and tnxarial scat at. said cor~.~ratita:., ry :.';e=e, i r_ .~frs3tid~~'~=~ capacita. date afnressid. -~'~`~ ~=~=lais3 ^ane and executed. My Csuutntssion ettpit+es: ~/ ~f(l1~3 ~~ ... 7ip{Ny PfiQ1K - -. "-.. t$MC< aftrAY rips L'~rtf Rp,{rv,G Fp lsn4Rt JE[tl At+K8r44r~