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Home My WebLink About1160 , ~ ti ~ , . ~1 ~ ~ ; 1 l::u-h EK~licy of in`ur.?nc•~~ .h;?11 h,?.~~~ :~rr~.~•~i th.•rt•tu u titunil:.rd \.•~v York mort~:?Kcr ctau~~~ without ~•untrihution, m~?kin~; all lu~. or lu~s~~~ undor :~u~h FK~lic•y p.~y~~bl~~ w th~~ ~1urt~:«;~~.• its intcrr~t mi?y s?pp~•:?r. In thE• .went su?y . ~ sum ur ~ums ut mane~~ b~~c•um~• p~?y:?t~l.• th~~ri~under th~• ~turt~:u;~•~~ ~h:?ll hn~•e the option to recctiv~~ and +~pplv lhc~ tiam~~ un au•~uunt o[ thc• indi•bt~•dne.~~ h~•mb~• ~<~~~un~d, or tu pi~rmit th~~ \1ort~ngor to rec~i~•e t?nd u.e it, or nny p~rt ih~~rc•ot, ~~~ithuut thereh}• ~v;?i~~in~: ur imp:iirint; :?ny ~~yuitp, li~~n ~~r ri~ht und~~r and by virwr of ~his mortKaqe. In .-~•rnt ot los5 or physic:tl diun:?~;~~ tu th~~ murt~:?R~v1 prop~~rt~-, thr \turt~,~;or SlIfL~I (yIYC imm~diastE: notice thereuf by muil to the \furt~;a~ce i?nd th~• ~1ort~:~~•c• mt?~~ m:J:~~ pr~x~f ~f t~t.~ if the~ ..?me is not m:ide pn~mptly by the ?1ori~a~ot. In rvent of foroclu::urrotthi~ mortg.i~e, or uthc~r tr:in~f.v <~f tit1~• tci th~• mvrt~uK~~d property in extinguishme~t of lhc~ ind~•btedn~~~s se~currd h~reby, :ill ri~;ht, titl~• :?nd int~•r~•.~t .,i thr V~~rtc;:~or in t?n~1 to an~• insura~nce polici~s then in force sh:1II ~tll~R to thi• purc•h:ti~rr ur kr:?nt~~~. j F:) To }~ermit, c.~mmit or : utfi•r no ~va.ctt~, imp.?irm.~nt ~~r ~i~~te•rior.itiun ut :::zid propt~riy or .~ny pavt themof, j ~ i F'1 7'hut it am~ uf s:?id ::um~ of monr•~~ h~•n•in rc•[rrm~l to b~ not pr.~m{~tly :ind fully pnid :~ithin 15 dn~•s next ufter ; th~~ ~umi~ : e~c•r.~ll~~ tx•comc~ du~~ an~l p.?~~,:l~l~~, ur it ~ tich and ~~•rn th~~ .~ti~,uiltions, flgrec~ments, cundieions xnd `3 c•u~~~naint~ ot ~aid promis.or~• not~~ o?od thi.~ dec•d, nr ~rither, flm not ful)~• perturmed, complied with f;nd ~?bided by, ~ th~~ _~:iid :?~;~regt?te• _.um mc•ntion~~d in -`:?iii pn~mi~~or~~ note, nnd ~n~• rc nt•~~•al then•o[, and ~U ind~~bt~dness from \turt~:ie~or tu ~1ortG:ic~r~. : ht?I1 bi~c~um~~ dw• an~1 payaFrle torthwith, or th~ rrafter, 1t theoption ot th~ \tortgtigee ati fully .ind complr.t~~l~• ns if ihe~ _:uid .?e~,m~:ite sum of snid indebtednc~~ und snid promissory note~ a•as oreginflllv - ~tiNuluted to Ix• p.iid on ~uc•h d:~ti-, :~nt thin~ in said pn~mis.or}• notc or h~rriD to th~~ contr:?ry notK•ithse:uiding. 'fh:~t in orde•r to :u-c~•t~~r.it~~ th<~ m:iturit~• of thc~ inde~bt~•~1n~•.~ he~re•by securrd, Ix~c,luse of thc~ L•iilare of the ltort- K.~.>r to pa~• ~ny e:~x, :~.~~r:.ment, lia~hili~~•, ub:i~;:?tion ur ~~ncumbr.~nc~• upun said prap~r~}~, ns he~n•in E~m.-~a~~i, it .~h.?II nut bc• n~•cc~~.,?ry nur myui.it~> th.it the• lfurtg.i~~~e .hxU first pa~• thc• snme. ilil "1'u pi~rform, c•ompl~- ~~ith .ind nbid~~ h~ r:~ch and ~ven~ the• _~tipul:ition~, :i~mement~5, conditionc :u~d cov~•n~nt~ in s.?i~1 E~romi_~sor}• note and in thi~ ~i«•~i .;~•t furth :~nd in :~n~- .~c•pan?tc luart agrcement e~ntered •.nto bet~~een the \tortF~.u;.~r :ind thc V~~rt~:.i~re it ,.ttch lo.in x_~rt~i~m~nt i. ms?dt~ ii E~art o[ 1hi~ mortt;:?ge by mference in I:~ter pro~•i.ions 1 h~•ri~in_ ~ 7'ho li~•n h<~rcrot .~hal1 c•xt~~nd to .?nd includr thr n~~~. rent~ :ind pmfit~ oi .aid prt•mis~•s, Lut th~~ \Iurte+~u~ : h:?11 h:~~~.~ th.~ ri~ht tu n•m.~in in poc~e•~,~iun of ; nid pn~mise~ and c•njoy th~~ ust~, .~nd Io r~c•eiee the mnt~ e?nd prufit. th••r~~uf, ~cithuut :~cc~ountin[~ tu th~• \tortt;:ie~~e th~•r.~for, .u lung :i~ (her~• shall no defnult hereunder, E~ru~ i~i~•.i th:u in th~• e~~~~nt ~~f .~n~ w<•h d~•fault her~und~~r l~rr F~r•riud ot i5 da~•.:, thf~ ~tortK:t~;et~ shn)1 b4~ entitled to ~ ~ th~• jti~~s~•~~i~~~ :ind a.~e• ~,f .~:?id m+,rt~.u;~~d prc~mi~~•~. ~?nd u, mc~~i~~~~ and .sppt~• th~• nrt mnts :~nd profits th~~rc•ui, upun :nd tr.~~:~r~l t~c• ~.:iym~~nt ~~t th~• indi~btf•dn~~~.~ hi~n~hy s~•c•urc~d. 'f'u thc~ c~xte•nt uf th~~ inde~bt~•dn~~~. ~~f th~- ~lurt~,ieur t~~ ih~• 1lurte:i~t•~• de•~cribi~d h~•r~~in ur ~erurrd h~~-• ~~t. ~h~• \1~~rti.utc~~~ i~ h~•r+•1~~ ~ul~rue:~t~•d t~~ th~• li~•n or li~~n.~ and t~> tht~ rieht: of thr ut+ner~ s?nd holders thereof .,t ~•:irh .~nci ~•ci•r~~ m~~rt~a~~•, li~•n ur ~itht~r c•ncumhr.~ni~~• un th~~ lnnd d~•~c•rib~•d hemi~ ~~hich i~ ptiid e?nd'ar ~atis(ied, in ~chul~~ <.r in E~:?rt, uut ~,t thr ~~rui~oc~~l~ .~f tht• lo:in ~1e•;c~rih~•d hrrc•in ur ~i~c•umd h~~rt~h~, and the rnspc~cti~•~ lirn~ of ~:~id m~~rt_u~!~•.., Iii~n~ ur uthe~r c•nrumbr.tnc•.•~. ~h:ill h~~ n~u! the~ _~.?mf• :lnd +•:u•h of them h~reby i~ pte.erved nnd -h.~1! r„ asnd t»~ h~•l~f h~~ th~• \1urtGa,~~~• hc•r~•in .~<~curit~• fur th~• indrbtedness to thc• ~tort~;~~~~•~ h~rein de- . ril:••~i ~ r 1;••r~~L~~ :~•rur~•~1. tc~ the~ .~:?m~• ~-xt~•nt th;it~t~.nuld hu~-t• tx•~~n prt~~E~n•~~d und tivould ha~~ bc~~n pa::sed to :?nd f,~~~~:, h~•1,1 1~~ ih~• \t~~ft[!:~e.!e~~• had it b.•~•n ~tuly :~nd n~~;ularl~ a~.:i~;n~•d, tr.insfe~rmd. ~~~t or~•r and delii•emd uneo the ~1~.,-~_.~ ~ ,.-~•p.~r:tt.• Ji•c~d uf :i:<.~i,nmc~rit not~aith~t:ul~iin~; cht~ Gic! th~~t th~• .~r?mc~ mF?~' h~~ .:utisfi~•d ur c:?nCe~lled o~ •-~~r:! ir s~~~in~ th~• intr•nti~~n uf th~• ~r.?rti~•~ hF•rt~tu th:?t th~• ~.?m~• ~~ill IK~ ~,~ti~fit•d .?n~l cancelled uf mcord b~~ the• h.~l~l~•r~ th~•r~•~~1 ;~t ur :~h~~ut th~• tim~• ~,f th~~ n~i•ur~lin~ ~~f thi~ mort~.?~;e•. t. ~i~h~• ~tnrtq:s;t•~~ :~t it~ upti~n m:~c .~ztc•nd th~~ timr f~>r tht• p:?~~mrnl uf xll or ~uy parl uf stiid indebt- ~•~)n~•~-. ~•r z.•~lu~•~• th~~ ~~:tcm~•nt.~ th~•r~•~~n. ~~r a~~c•~-pt n~ni~~~al not~• ur notes thc~refur, ~~~ithout th~ consent of .in~• ~uuiur li~•is h~~l~irr, .~n~i .cith~>ut thr c•~,n~~•nt ur er~~• ~tt~<<R:ti~ur i( thc~ \1orl~;:+qur h:~~ pairted ~~~ith the Litle to siiid pm- j.•~t~. ~:i.i .~n~ ,u~ ~•~?~•n~iun. r.~~luc tiun, ur r<•ni•~~:~i ~h:ii{ nut mle~.i~c• the tturt~~?eur or .~ny t•ndor~er or guarflntor S t"n~m fi,ii~ifity f~~r ~~ich ind••hti~dn<•~~, crr :iff~~ct th<• f~riurit~~ uf thi~ mortct.u,'e o~•~r stny junior li~•n, or imp:tir the t;e- c•uritc h~ve~~,f in ;~n~ m:tnn~•r ~~h:it-u~~~~~r. . ~ Ir~ th~• ~•~~•nt th~•r~• ~h:tli iK• file•~i e•~~mpL•Lint ta f:~rr~•lu:~~ thi~ mort~:~e~, th~• pl.iiniitf sha)1 im- ~ m~ ~;,;~t~•t~ :~nd ..ich~~ut nc~tic•~• hr ~•ntiti<~~! u, th~• :~+~~~uintm~•nt uf a rt~c•ri~~~r for the m~,rt~:u;ed prup~•rt}~ and the rents, ~ +•.~rnit~~:=. ~==ue•~, isx~~m~• und j•n~fit~ th~•n~~.L nith thr n.u:?1 p~~~vt•r iJf rcct•i~~~r.. in tiuch <•:i;:c•s, .snil :uch rccc~i~•er ~ ~n:~~ t~~• ~.~ntinw•~1 in E~u.~~•~~i~~n ~~f ~:ii~1 E~roi,c•rt~ :~n~1 of ,~uid rt~ntx, ~~.unin~~, i~.:ui•~, incomc~ and prufits o( snid ~,r~~~„•rt~ ~iurin~~ tli~• i,~•n~1~•nr~- u( <w h f~,r~•c•1~~: ure• <uit. :snd th~• ~lortk:?~ur h~•rebr spe>c•iti~rill~' i~.ii~~es the~ ri~ht to ~~I j~•~ t t~~ .,uc h:~~~~~~,i~itm~•nt ;~n~l c~~m~r•nt~ th:it ~w•h ;ippointm~•nt .~h:ill be~ m:ul~~ :tin admitt~~d equily :?nd :?s a m.?t. t~~r ~~t ,iL-~~lut~• ri~~hi t~~ tli~~ \1~~rt~•+~~•~~. :~n~l ~cithu~t r~•G•r~•ni~~• tu th~• :adoyu:?e•}' ur in.~dequ.ic•~• uf lh~ t-ulue of thc• m~~rt~:~;~~~~1 {~r~~~~~•rt~ ~~r !u th~• .~~Ic.•nr•~ ~~r in~~~l~~•nc•~ ~,f tht• ~1urtG:utor ur :?n}~ oth~~r p,~rt~• def~•ndant W~uch.~uit. i A8C BUSINE55 SYSTEMS. 1NC. BYUKFIV~ iT. UUOENDAIE. M- 525-0700 ~3 ` `+Y'~ S ~.>"ivYY ~'S -.-g'' _ 3 _ ~..,~~+Yr'xrt~~.tl-:'~~'.`r ~'r-~-tP k _ _ . ~ - . - ~'~~'L'§~~~~.~ `v`"` `~4-P-. ~ T'~"%°~ 'Cr~'f.~r,i~ ~ '~'k°;.a '~.'.Y~...-+' _ ~ . T''`~TM°""~'