HomeMy WebLinkAbout1976 prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notesa securing Future Advances, if any. had no aexeleration occurred; (b) Borrower curls
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the rnvenagts and agreements of Borrower contained in this Mortgages and in
enforcing Lender's-rcmedia ss provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's tea; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien o[ this Mortgage. Lender's interest
in the Property and Borrower's obligation to pay the sums securod by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secttred hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Asskamed e?t Reats; Appoiatraeat of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property. provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property. have the right to collext and retain such rents u they become due and payabk.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a
receiver appointed by a court to enter upon, take possession of and manage then Property and to collext the rents of the
Property. including those past due. All rents collected by the receiver shall be applied tint to payment of the costs of
management of the Property and collection of rents, including, but not limited• to, receiver i fees, premiums on receiver's
bonds and reasonabk attorney's foes, and then to the sums secured by this Mortgage. 'ilte receiver shall be liable to account
only,for those rents actually received.
21. Ftttetre Advattceer. Upon request by Barrowcr, lender, at Lenders option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interat thereon, shall be sexured by this
Mortgage when evidenced by promissory notes stating that said notes are sexured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in atxordanoe herewith to pretext the
security o[ this Mortgage, excexd the original amount of the Note plus USt..
22. Redeaae. Upeto payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of rernrdation, if any. -
23. Attetreey's Fees. As used in this Mortgage and in the Note, "attorney's fetes" shall include attorney's tea, if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed. sealed and delivered
in the Dresence of: -
r/~~!l......r: ~~~r~~'~?! (Seal)
Ro and A. Stewart
~cai ~ . (Seal)
S •ia . L. ~ Stewart
STATE OF NEW .YORK , , , , , , , , , , , „ . , , .COttn[y ss: K t Kc.s
I hereby certify that on this day, before me, an officer duly authorized in tfie state aforesaid and in the county
aforesaid to take acknowledgements. personally appeared . Roland A ; ,$~gwart ar~~i, $ylv>~~s , , , , , . .
,Stewart t ,his, wife , , , , , , , , , , , , , , , to me known to be the person(s) described in and who executed the -
foregoing instrument and acknowledged before me that ...~!lPy....... executed the same for the purpose therein
i expressed.
i
WtT my hand and official seal in the county and state aforesaid this.........,r.~..........day of
...........,19.79....
My Commission eaptres: 3 -3 v - gU _
ts.aJt- notart? t~tw
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- aEOR(iE H. HAYE3
$ NttMry Public. State of Netw York
Y No. 24~52790i
- ~ N.; Ouallftod In Ki
ngs County ~~,,rr~~
j• Commission Explress March 30.194Y
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