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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. - ~ ~ ~ - ' Ta= Cdkcwr 9 ~ ~ ~ ~ xz~5 pA~ ~ 434 ~ ~ ~ ~ ~ • . . -4' . . _ _ , ~4 ~J ,,.N ~ , Y 7: . Y c a.'-~.s`. ~ ,a~.~-~~- ~ '":-w.".-.~~ ~`~~T''°~ _