HomeMy WebLinkAbout1278 . .
'
. - - ~ ~'1
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
ibis hiortggc, flit itiaic and Hates rc:.uring Futurt Adsar.;.~, if any, had no acceleration rccnrral; /h) Harrower cures
all breaches of any other erovenanta or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenagts and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof. including, but not limited to. reasonable attorney's fees; and
(d) Borrower takes such action as [.ender may reasonably 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 fora and eBect as ii
no acceleration had occurred.
20. Aadpmeat of Rerrtq AppofNrneat 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 rnllect and retain such rents a: they become: due and payable.
Upon acakntion 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 the Property and to collect the rents of the
Property, including those past due. All rents collected by the ieceiver shall be applied first to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receivers fees, premiums on receiver's
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 'I~e receiver shall be liable to account
only [or those rents -actually received.
21. Ftrtrrrc Aetraacer. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advancxd in aooordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS.. ///././//./..l!/~/.//....
22. Rekasa Upgn payment of all sums sexured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorsey's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any,
which may be awarded by an appellate court.
' IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of: •
Seal
)
Shlomo Cohen ~ ' -sono~w~.
~ 1/..... `.'"':4T.~ ~ (Seal)
Arnona Cohen -ew+ow..
STATE OF RrR~~ ~?ecW . Y9rk. i . ~e.'~ . ~jtr ss:
I hereby certify that on this day, before me, an officer duly auiStorized in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared... Sh7.QWP.CPheA .aDd. Axnona.Cohen..his.... .
wife, , , , , , , , , , , , , , , , , , to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that... tht'y.......cxecuted the same for the purpose therein
expressed.
WITNESS my hand and official seal in the county and stag aforesaid this........... 3O.th ........day of
......L~4vt'mkex 19.79....
~
MX~n..mtssion~ex;
;
jM~~~ , ~ ~n t~,w~c .
.
~ , . S .
i ,
~t t'
E ~
~
~~-jj (Space lietow TAis Line Reserved Fa and Recordeh
/
O5b££ tfflh`..^ula ~ i„7i jjlEO ANA' :~f0
~ 131111 OJb.ni RECOp^ -
Dec 19 II 21 aN!'19
49991.
nr~ X177 - - ~ T7"~?