HomeMy WebLinkAbout0439 19. Bormwer't Right to Reinttate: Notwithstandiog Lender's acceleratio~ ot the sums +ecureci by this ~tortRage, Bor-
roN~er sl~all have the right to have any prcxeedings begun by Le~ider ta cntorce [his \Io~tKaKc dixontinucvl at any time
prior to entry ot a judgment cn[orcing this ~lortqage ih (a) Borrower pays Lender all sums Mhich would be thru due w~der
this ~lortqagr, the Notc and ~~oces securing Fuiure Ad~•ances. i[ any, had no acceleration occurrrd: (b) Borrohcr cures all
breaches oE any other rnvenants or agreements of Borrower contaioed in this :lfortgage: (c) Borrower pays all reasonable
expenses incurred by l.ender io en[orcing the covenants and agreements of Borrower containecl in ehis \tortgage and i~
entorci~g Lender's remedies as pro~•ided in paragraph 18 hereof, indudiug. but not limited to, reaw~~able attorney's fees: and
(d) Bonower taka such action as I.ender may reasonably require to assure that the lien ot this \tortgaqe, t.ender's interest
in the Property and Borrower's obligatio~~ to pay the sums secured by this Atortgage shal! continue unimpairecl. Upon such
paJlnent and cure by Borrower, this \tortgage and the obligations secured hereby shall remain in [ull torce and et[ect as i[
no accelention had occurred.
20. Aasigament of Rent~ Appointment o[ Receirer. As additional secu~ity hereuncler. Borrower hereby auigns to
Lender the renu of the Property, provided that BonoNer shall; prio~ to acteleration under paragraph 16 hereot or abandon-
ment o( the Property, ha~•e the right to collect and retai~ such renu as they become ciue and pa~•able.
Upon accelention under paragraph 18 hereot or abandonment of the Property, Le~der shall be entitled to ha~•e a m-
ceiver appointed by a court to enter upon, take possession ot and manage the Property and to collect the rents of the Prop-
erty. including those pase due. All rents collected by the receiver shall be applied fint to pa}Tnent ot tlie c~sts ot manage-
me~it of the Propeny and collection of rents, includinR, but not limited to, recei~•er's fees, premiums on rccei~•er's bonds and
reasonable attorney's fees, a~d then to the sums secured by this \iortgage. The receicer shall be liable to account only [or
those rents actually recti~~ed.
Yl. Future Advaaces Upon request by BormM~r. Lender, at Lender's option within twenty yean from the date o[ this
~Iortgage. may make Future Ad~•ances co Borrower. Such Future Advances, with interest thereou. shall be secured by this
~fortgage when eaidenced by pmmissory notes stacing that said notes are secured hereb}•. At no time shall the ptincipal
amount o[ the indebtedness secured by ehis ~tortRage, not including sums ad~•anceei in acconlance hemwith io protect the
security ot this ~Iortgage, exceed the original amount of the Note plus USS NOII@--~-~--~-----~~~------
2Y. Releax. Upon pa~~nent o[ all sums secured by this ~iortgaqe. Lender shall release this :~tortgage without charqe
to Borrower. Borrower shaq pay all costs ot recorctation, if any.
23. Attorne~a Fees As useci in this ~(ortgage and in the I~ote. "attorney's fees" shall include attorne,v's fees, if anr.
which may be awarded by an appellate court.
Ir WIT~TESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the _p~ nce of:
i
• -r` • (Seal)
_ ~ . Morris Schtup k 'B°`t°`°`
, . .
. t . a---~-~-a- ~ (seal)
~ • andra Schtupak -B°"°"~`
NEW YORK -
STA'I'E OF $~o~ -~.t ~ ~ _ ' County ss: '
I hereby certify that on this day, before me, an officer duly authorizeci in the state aforesaid and in
the county aforesaid to take acknowledgements, petsonally appeared btorris Schtupak and
a n r~ r a S r h t» n a k~ h i t w; f e , to me known to be the person (s) described in and
~+ho executed the foregoing instrucii~ent and acknowledged beEore me that _ t heY___ executed the
same for the purpose therein expressed.
, ~
~ Wrr~ESS my hand and official seal in the county and state aforesaid this _ day of
~ March , 19 ~g -
~ ,
~ ~ ~ ~ L
s • My commission expires: ~ ~ ` ~L
i • t$!v~ / . • NOtuY ~t~IC ~ -Ja . .
F ROSAUE SIUJ~RO ^ ~ ~ v
~ ~ ~ - N~ry State of New Ya1t ~
'S; ~ _ ~ r.~_ public, ' ~ . ~
~ ~ . ~ , . , _ - r. - r ~ No. 24-0633723 ; 7 1 ~7 ^ ~ ~t;
=
t ~if;ed in Kings County _ ~v~
~ , , . , • _ ~ ~mission ExpWres Ma 30. 19~0 = J ` ~ ~y -
~ ~ ~ ~.CO ,r '
~sg ~~74 l .
[ / J
~ (Space Belo.. This Line Resened For and Recorder)
~ S S. 2 0 Fla. Re~•enue Stamps Received S ~ 3. 6 0 in payment oE taues due on
~ Cancelled on Original l~ote.
~ Class "C" Intangible Personal Property punuant to
~ ~ ~ Chapter 134, Laws of Florida, Acts oE 1971. -
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