HomeMy WebLinkAbout0155 prior to entry of a judgment e~torcing this Mortgage if: la) Borrower pays Lendet all sums which would be the~ due under
this Mo~tgage. the Note and nota secu~ing Futurc Advances, if any, had no aceeleration occurrcd; tb) Borrower .cu~a
all brqcha of any othe~ coveoants o~ agreements of Borrower cantained in this Mongage; (c) Borrower pays ali rcasonable
e~?penses incurred by I.eader in entorcing the covena~ts and agreementt of Borrowe~ contai~ed in this Mongage and in
enforcing Lender's remeJies as Qrovided in paragraph 18 he~eot, including, but nW limited to. reuonable attorney a fers: and
(d) Borrower Iakes such action as l.snder may reasonably rcquire to assurc that the lien of this Mortgage. Le~der'a interest
in the Properiy and Sorrower's obligation to pay the sums secured by this Mortgage shall conti~ue unimpaircd. Upon such
payment artd cure by Borrower~ this Mortgage and the obligations secured hereby shall remain in full force and effect as it
no acceleration had occurred. ~
20. A~ameat ot Reat~ Appoiatmeat of Receiver. As additional security hercunder. Borrower hereby assigns to
Lende~ the rents of ths Property, provideJ ~hat Burrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Propeny, have the right to collect ar~d retain such rents as t6ey become due and payabk.
Upon accelention under paragraph 18 hereof or abandonment o[ the Property, Le~der shaU be entitled to have a ~
receiver appointed by a court tu enter upon, take posscssion of and manage the Property and to collect the rents of the f
Propeny, including those put due. All rents collectal by the receiver shall be appliod first to payment of the costs of
manageme~t of the Property and collec~ion of rents, including, but not limited to, receiver's fess, premiums on receiver's ~
bonds and reasonabk attorney's fees, and then to the sums saured by this Mortgage. 71~e receiver shall be liable to account
only tpr those te~ts actually received.
21. F~re Adraaca. Upon rcquest by Borrower, I.ender, at I_ender
s option within twenty years from the date of this
Mortgage. may make Future Advances to Borrower.. Such Future Advances, with interat theroon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes arc socured hereby. At no time shall the principal
amount of the indcbtodness secured by this Mortgage, ~wt including sums advanced in acxordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS. ~
22. Rekase. Upqn payment of all sums securrd by this Mortgage. I.ender shall release this Mottgage without chuge !
to Borrower. Borrower shall pay all costs of recordation, if any. '
23. Aftoney's Fees. ~ As used in this Martgage and ~n the Note. "attorney's (ees" shall include attorney's fces. if any. ~
which may be awuded by an appellate coutt. ~
~N WITNESS WHEREOF, Borrowcr has cxccuted this Mortgagc.
Signed, scaled and delivered
in the vresence of:
.
. . . . .~.J~ " . . _ . . . . . . . . ~ . . . . . . . . . . .(Seal)
' ~ -8wrowe.
~ ~ ~ . . i av' _
~ .
. . . . ...............(Seal)
M i 1 d red Sav i ~°"°'"N
Sr~TS oF ~f~Pl~l~lA . . . . . . . . . . . . . . lrEW. YORK . . . . . . . . . . . . . . . . /~d~tfn4~ ss:
I hereby certify that on thic Jay, before mr, an oflicer duly authorized in the state aforesaid and in the county
, , . .
' aforesaid to take acknowledgeme~ts, personally appearcd. _ . Dat~.~ el. . SaY ~ n.~. .a~d. M ~ 1 dr~d . 5~~.~.n ~ . . . . . . .
j . . . . hi.s .u,ii fe . . . . . . . . . . . . . . . . . . to me known to be the person(s) described in and who eaecuted the ~
~ foregoing instrument and acknowledged before me that. the.y. .....caecuted the same for the purpose therein ;
I eapressed.
€ `
F WirN~ss my hand and official scat in the county and state aforesaid this. ~fRh. 3.~... ...day of ;
............Janua~y .............19.7~•... ~
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