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HomeMy WebLinkAbout2750 . _ +ar-~ i 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 notes securing Future Advances, if any, had no aoaleration occurred; /b) Borrower cures all breaches of any other covenants or agreements of Borrower contained is this Mortgage; (c) Borrower pays alf reasonable expenses incurred by Lender in eatorcing the covenants and agreements of Borrower contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph Ig hereof. including. but not limited to, reasonable attorney's tees; and 3 (d) Borrower takes such action as Lender may rcawnably require to assure that the lien of this Mortgage. Lender's interest in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect ss if no acceleration had occurred. 20. Aadgnment of Rentr, Appointment 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 t8 hereof or abandon- ment of the Property, have the right to collect and retain such rents as they becane due sad payable. Upon acceleration under paragraph If3 hereof or abandonment of the Property. Lender shall be entitled to have a receiver appointed by a ~rourt to enter upon, take possession of and manage the Property -and to collect the rents of the 1 -Property, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, pnmiums on receiver's bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. 71ie receiver shall be liable to account only for those rents actually received. 21, Enlace Advances. Upon request by Borrower, lender, at Lender s option within twenty years from the date of this Mortgage, may male Future Advances t~ Borrower. Such Future Advances, with interest thereon, shall be secured by this Mortgage when evidenced by promiswry notes stating that said notes arc secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, not including sums advariud in accordance herewith to protect the security of this Mortgage. exceed the original amount of the Note plus USS• . . ' ZZ. Release. U a i p4n p yment of all sums sxurod by this Mortgage, Lender shall release this Mortgage without charge ; to Borrower. Borrower shall pay all costs of recordation. if any. 23. Attoraey~ Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes, if nay. which may be awarded by an appellate court. fN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and livered in the presen o . J. - •Lewt ~ 'Gr enk'y' .:....._t~~ ) v _ al) atrtcta 8. green y• r ' STATE OF'NL~I~,,~~........ , ,New York ~ County I hereby certify that on this day. before me, an officer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personalty appeared..LewiS...i..GreertkX.aad. P,atr.iCia. 8........... . Greenky, .his. ari.f a to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that.... they.. _ ...executed the same for the purpose therein expressed. - WITNESS my hand and official seal in the county and state aforesaid this... .th ...............day of .Judy ...........................19.9.... My Commission expires: V . - . I- . - Ny! Ca: cnrss~on~Exp~ies filar=h 30s r Q ~d J : ~ 0~' ^ _ ice. (Space Below This Line Rsstrved For Ler?der and Recordeh C 3' ~ ~ ' ~rbr£ Nnl>>n~a I„c~.~ ta~9 i:~~+ -8 Ir1':~ F.t;U St+! .fir i,~A. 1.':~.:- ~ - - _ _ Si.LUGI% Cull OGEZ 'OiiR~ CLER+S C;RCU!T CCJJi-1 4~~zsa AMK r]~ay P~f:F2~:~`~