HomeMy WebLinkAbout2329 .
~ - ~
' ~ : , ~ -
t
To plao~ snd oontirwou~ly kNp on th~ buifdi~ now a MnaftK ~itwt~ on aW land and on d! pulpemM ~nd pKwn~~ly aowr~d by tNs mortp~
p~, with ~II pr~r th~rwn p~id M iv11, fin inwr~na ie tl~ u~wl ~ta++d~rd Pot~h? Ionn. in a awn ~pprowd b~r tM MORTGAGEE. ~nd wind~~arn
trawana In tF» wwl qand~rd pdicy km4 In a swn ~pprowd by tM MORTWC~EE~ b t~+d~ canp+nY w aomP+nf~ a th~ M~ORTGAGEE m+Y -
d'wul and al) fin ~nd wind~wan Mww~ polidN on ~ny of s~id bulldi~. +iM InNnst tha~in a part tlw~wf, in tM ayprp~N wm ~tons~W or
M~xaa tl»rwf. ~MII oaa~in tM wwl aaedard morp~ c1«iw a wcA wlw dauN a tM Mort9+pN rn+y nquw~. m+kMp th~ ba undM ~+id Pdi~
ciN. ..d~ .nd wKy, wr+bl. a aid MORTGAGEE a tn ht.~nat m.Y +PP~+6 M+d ..d~ «d .wry wch polky ~MII b. prompdy sw:9n.d and d.iiv~~d w
~ny h~id by f+id MORTGAGEE aa fwtl~ ~Ny b wid natfpp~ d~bt. ar~, ~wf la~ 1Mn Nn (10) d~y~ (n dv~nta oi tM ~xpir~tion oi Nch po~icl?. to dN
iiw~ ~o wid MORTGAGEE ~ nnewd tiwnof, wp~thw with a naipt for th~ pnn~iwn of wd~ nr»vrd~ u~d tMn aMll b~ oo fi?t o~ wind~tprn Mawaw
plaad on aqr of said butldinpy a~y MtK~q tM?~in a pwt tMnof, unbss in tM io~m ~?d with th~ las p~y~bN a ~for~k4 and in *~i ~wM aMr tum
of moMy b~oa~»t prysbb ur?d~r wch pdky a policia ~aW MORTGAGEE ~MN Mw tM option a ncaiw a+d ~pply th~ unw on acaowN of IM Ind~bt~d-
rnsa s~tw~d t+tr~by w b p~rntit wW MORTGAGORS 10 ?~wlw ~nd u~ k o? ~ey pwt iMnoi fot otha pwpwa, witFaut tMreby watvirg w imp+ir-
~o +~Y «wity, 1'hn or riyht urd~r a b~r vlrtw of thi~ niortp+p~t and tn d» ~vw~t wid MORTWIGORS sMll fa any nawn f~q to kNp tM wid pr~iNS w
t~,~w~d. or fatl a ds~twr o~«~+Wh +~n? of atd pol~s of tnswana w satd NtOrttGAGEE. a fait p?omP~N m wy ~ly aoy prNniwn th~nfw or in anr
nspat fail b pKfonn, dhd~p~ txKUt~. ~fhet. oompl~t~. eaenP~Y wNh +nd ~bid~ by Mb oov~n~?t, or ~ny part Mrwf, saW MORTGAGEE rn~y plaa and
p+Y fa wd~ trnur~na w any p~rt fh~nof witho~t w~tvinp w~H~cfinp a~Y option, ~iM, putb. a riyht w+da. w by virtw of ~his 11Aorqapw and tM
full amounl of ~eh and wKy wd+ paym~nt ~11 b~ imen~di~t~? du~ and pyabb ~nd sh+ll b~ar kNa~u from tM daN tMhof until psid at th~ rat~ ot
~in~ p~r antum pn uwwm and Iop~tMr with such hta~at ahalt b~ s~ax~d by th~ ~n Of tNs mo~t~p~.
4. To p~rmit. oa:~mlf a suff~r no wat~, ~t a d~twiotation of said propwt~? a any p~rt thuwf.
S. To p~y all ~nd slnpular tM oats, cM~pss +nd ~xp~e~„ M~d~dinp a n~sawbl~ sna+Ny's fee «:d oos~s of ~bstrac~s of tiM~. M~arrnd w pald ~t
any tin» by t+id MORTGAGEE. bKa~at a~ in tM ~wnt of tM f~ihin on 1M put of tM s~id MORTGACaOR to dvly. pro~,MN .~d ~u~h ~..fa~rm. dKd~+r~
.xecur~, .fhct. oa+~Pl~b. aomplY with and ~bid~ by ~ad+ and w~ry NM stlpul+Non~„ +Or~nh. oonditioiw ~nd aownaon of sNd promiswry noh ~nd thtt
mortp+ps +nY or eitMr. ~rd said aaM. d~es and ~xp~rws, ~ad+ and ~wry. iball b~ Y~wrwdi~t~ly dw and pay~bbi wh~thK w not tMr~ b~ notio~ d~
ew?c1, att~mpt to oolbct or wN pa~pt and tM fvll areawa of ~ch ~nd rwry wch parment sMll Ma? int~nst fran t1~ d~h ttwrwf wdil paid a~ tM
rote of nine p~r ce+~tum psr ~ruMxnj ~nd all said oosts, charp~s and exp~nws intwnd or Wk~, top~tMt with s~+ch k~ta+st, shill b~ aKwd by tM li~n of this
ma~pq~. - _ . -
6. Th~t W in t!w a+net of an~? bnad~ of thb Morea~ w d~fauh a? th~ p~t of th~ MORTGJ~GOR. w(b) in ttw ws++t a~y of uid wms of mon~
henln nf~.r~d ro b~ no1 promptly and fvlFy p~id witNn tlwrty (30) d~ys next ah~r tF~ ss~n~ wvKaly b~c«n~ du* and P+Y+ble withou~ damand or eotica,
or (d in d» ~wnt exh s~d wvy tM stipulat~om. +yr~1~,. ooeditiau and oown+nri of wid promis~ay oon and this enortppe any a~itha w not
~?h, p~«nptFy and fulh v~rformed. difd+r?yed. •x.cvNd. .ff.a.d, canpbt~d. aomp~i.d wtM and aeid.d `y. d»n In enl,a or ,ny wcb .w++t th. said ap~
pre9ate wm msr?tia~l in ~aW promissory ratt th~n nr~ininp w~p~id, with intenst aarwd. and ~II rnoMys sacurd Iw~by, iMll b~aorn~ dw and W1?~
abts fathwitA, a tMn+fia. H th~ option of s~id MORTGAGEE, as fully ~rd oomple»hr as ff all of ths said wms of monsy w~n agin+lly itipul~~ed
to be paid on such day. anrthin~ in said p?omhsay ~at~ w ln this Maq~ to th~ ooetnry ewwithstandirg: aed t1~rKrpon or th~naf»? ~t tM option of
said MORTGAGEE, withovl ratin or dun+ed. suit at law ar M~quity, tMnFon w NnrwftK bapun, en~y b~ p~os~euted as ff ~II nwrNys s~an~d hu~by
Md m~tund prior fo its institvtia~.
7. Th~t in th~ ewet that ~t th~ baginninp o# w at u~y timt pendi^p snY wit ~rron this Morty+y~, or to fwedos~ it, or fo nforen it, or fo ~r?forc~
payment of ~ny dsims Mreund~r. sdd MORTGAGEE shall ~pply to ths Caxt h~vinp jwisdictan ~Mreof fw tM sppointment of a Raceiver. wd~ Gourt sh+ll
c~?hwiti~ appoint a reuiver of said mortpaped propMy ~II ~nd sinpular, includ~rg all u~d sinpular th~ inoorM, profits, iuws and rwenuss from wM1~vK
souro~ derivtd, eath and twry of which, it b~inp ~~cprt~s~Y ue~d~*+~ood• b MrebY mor?9+p~d as if apecifiuty set forth u~d d~scribed in tM 9t~nrinp and
habu~dwn clauses hsrwf, and such Reaiver shsll haw ~fl th~ brod and effectiw functian and powers in anywis~ Mtrwt~d by ~ Cowt ro a R~calwr, and
wch appolntment ahall be mad~ by wd~ Court as ~n admitted eq~ity snd s mitter of ab~oluq rigM to uid MORIGAGEE, and withouf nf~nea b fl+~
adeqvacy or In~deqwqr of tM valu~ of the P~~b ~0+~ w to tM ~olwncy or irooharcy o# s~id 1NOitTGAGOR w tM defendants. snd tMt wch
rents. ProHts, inoome, istws and rwawes slWII b~ +pplid by s~th Reoeiver aooordinp to th~ lie~ w puhy of s~id MORTGACaEE and tM ptattio~ of ivch
Caxt.
8. To duly. P?omMhr and fulN Perform. di~+r~, ex~cuts, eff~ct, eomPl~b. aomplY with ud abid~ by ~scfi ~nd wery tM atipulatioro. +prean~MS.
cood+tioro and cov«ur?ts in wid promiisory not~ ~nd tM mutpay~ s~t forth.
9. Th~t tn tlw wenf th~ ownenhip d the morty~ped PromisN. w+nY Part ther~of, beconws wsted In ~ perso~ other than the MORTCsAC+OR, tM
MORTGAGEE, its wooeswn ~rd suipro, m~y, witMot nofiq ro ths MORTGAOR, deal with wd~ sucaaw~ or suasssor in inte~t with ~efer~nn ro thi~
mort~~ ~nd the debt hercby secwed h ti~e s~ m~nr~ as with Mortyapor without in snr way viti~tinp a ditch~rpinp tM Morqapots' Iisbility h~r~
unda a upon the debt hereby secured. No wk of th~ premises hereby mat~a~d s~+d no forbwranos o~ the put of tha MORTGAGEE or i» wooesson
o~ auipns snd ra ex~emia+ of th~ t~ for the p~yment of the debt hereby secwed y'n~n by the N10RTGAGEE w its wcusaars or asiy~u, shall opsr~t~
to rNsat~, d"~sd~arp~, mod'ify thanpe a aH~ci th~ oripinsl liability of the MORTGAGOR herein, either in whok or in part.
10. h is sp~cifically ~yreed th~t tim~ a of tM euenos of thb aontract and that no wahror of any obligatan hereunde~ or of th~ oblip~tion st
cured Fw~by ahall at wry tim~ thersafiu bs 1?eld to be a waiver of Nw t~ma hxeof or of the i~nt?urnent seared h~rby - ,y._ ~
11. In addit'iori to the foregoing monthly paymenn of princ:pal ~nd tnte?est requ'ued b~r the prom[ssory note secvred l+ereby. ~oarlysgqP onve~snb
and ~yrees to pay to matyagee with esch monthlY payrnent ~n additionsl svm estimated by mortysyee to be equal b 1/12 of the ~elw! ooat d tM folbw-
: . x.
i~9: -c .
A-All real praperty ta~ces kvied or sasessed against the sbove desvibed real estate. ~ j t r ~ii .
B-P~«niv.~a on f've and windstorm iruurance as herein requued ro be unied on thg improvernents sitvate on:the abov~ .~b~i t. .
i C-Premivms on wch m«t9+9e 9~+^W insurance as mo.ty~yee shsll f?om time to time deem fit to carry on the foan -a~d~d~ .~r ~,i
~ ~C~' ~s ?
' Mortysgee shall from time ro Yime notify mortgagor in writing of the imount due and payable hereunder and such sw~ uw~~ tl~j~r.~1?P'~ -
t payab:t on ths due diM of~the ns:t mor~thlY WYmenf and each wotessiw month fheresiter unti! mortg~pee sh~ll ~ify s~(~~oT~ i.6~ilb~QAyu(~ •
~ amouM. Such s~rta shall be ~pplied by mortyapee toward the p~yment of real prop~rty taxes, w~wrance premivms, snd
~ premiwM. ty,
~ ~
~ IN WITNESS WHEREOF, the id TGAGOR has herwMO tet his h~nd ~nd seal the day ~p~,~y~~I ~ ~j~. !u•
na~, r . ~
pr~senos o~ B ~~j " ' ~ 4t1
.
y'
. - ~
Attesti ~
I+tBMI YORK ~~f
ss~ /
STATE OF~ ~COUNTY OF~~ v
I HEREBY CERTIFY, That on this ' ay of ~ay , A.D. 19
before me personally appearad Leoa Silvesaaa a~ Melvin Levy
~
respettively President and Secretary , of ~
ARC Praperties, Inc. New Yozk
, a Corporotion, to me
krwwn to be the persons described in and who executed the foregoin~ instrument, and severally ackrpwleci~sd the axe-
~
wtion thereof ro be their free act and deed es such officers for the uses and pursoses therein me~ot~~~~th~~Naq~<<they
% • .
affixed theroto ihe official seal of said oorporation, and the said instrument is the act and d~~oE~~~~•
WITNESS my hand and official seal at ~ N~w Hydf P~?sk said aoun stslj..~~~•• ,S~,~Y~~r,'~s ~
; ,
FILEO AND RE z ~ '
ST, lU C I E C O U ic, for Stste and:~n ~d~1~Mt~ r~~~
i? ~ C 0 R R V E~ iss'wn pi res: { :
° '
~ ~ 0 ti~L,,, j
This inshume~ prepared ti~ , . t_ l~~,~. - . 1
a . ~rs~ Fed'erat Sav. . . . - ~ ~~1,~~c~.a , "
/ -
of Fort P~ ce - ~ .
~ A~t~ POtTRs8 i
r.~ . ...~n~•~+
~ ' (o~• Til. /T~/~~~C~URT
d~00K~~ P~6E~~ ,
~ ,
_ -
-