HomeMy WebLinkAbout0193 prior to eat?y of a jttdsutent enforcing tl~a Mortpte iE: (a) 8omxtrer pays Gender aq awns yvhiclt wouM be thee due under
this Mortgage, the Note tad ttotea seauiag Futuna Advsaas, if rJty, had ao acoeteratioa ooeumed: Ib) Borrower cotes
ail braaclta of aQy-other oovAaaats yr ssroemgtf Of Hortowsr contained !D this Mortpge: (ci Borrower pya a!t reawaable
~pt~ lnp/r[ed by Larder In enforriag the OOYCQit)tR sad ijrCQtnLntf of Borrower tsoata:t?ed is fhb Mortgage sad in ~
enforciat Lotadsrls remedies as provided in paragraph :8 hereof, including, but not hrNted to, rea::xulL:e attoraay~s fep; sad
(d) Bore~awer take; such action ss Lender may ra3atably r+equir+s to a::ture that the tier of this Mortgage, Lender'Y interest
in the Property sad Hormtre:k obti8etioa ~ py the wcra a~o~~ured by this Mortju8rs steal! ooMinua uaimpired. Upon such
aoyao~er~ttoa ~ . rhea MottBap sad the obliptioa: u~cun~d hereby sitstl reaairi is fuQ force sad eQacx as if }
Amt~eat art )Rsa+1e1 A~tsant of Receiver. As additiaasl security heneuader, Barrost~er hereby asslgas to
header the Hots of the Froperts•, pmvitied that BQmovlrer shad. prior to aooderatiat under pragrsph 18 hereof a abandon-
ment at file Property, Itsv~e the right to cdiest and reta~a such rents as they become due sad payabite.
Upon aooeteratioa under ptsgraph 18 hereof of abandonment of the Property, Deader shah be entitled to hive a
reoaver appointed by a court to enter upon. take possession of sad aaaage the Property sad to collect the recta of the
.Property, iadetdiag those past due. All recta collected by the recaver she!! . be app}ied ftrst . to pntiawt of the coat: of
' _ maaaganeat of the Property and oolkxtioa cf teats, including, btt: not liaated to, receivers fees, pcemitura oa rooeiver's
bonds sad ressoaabk attontey's fees, and then to the sums securod by etas Mortgage. 'I~te receiver shaft be tiabk to :oncost
' only for those teats actwlly received.
2t. Frtl~re Aiva¦oes. Upon roquest by Borrower. Leader. at Lender's option within twenty years from the date of this
M~~rigag~, pray Hake Future Advances to Borrower. Stich )rlttc~te Advaaoin, with interest thereon, :ball be secured-by this
Mottpge whoa evidenood by pr+or:•tissory notes sistiag flat scut sates ace secured hereby. At ao flare shalt the principal
aatolat of the indebtedness sectt~d by this Mortgage, rwt inctudiag suns advaaced in see herewith to protect the
sesxaity of this Mortgagor, exoeod the origia~! amount of the Nato plus US3. r---------.-.--s---::-
3t )<isieau. Upga payraeat of aU sous secured by this Mortgsge, Lender :baU releas~s this lttortgage without chsc0e
to Borrower. Borroower slrsll pay ail oohs of recordation. if say. - -
33. Atlaetes'!e Fes. _ As used is this Mortgage and in the Note. "attorney's fixes" shall iactude attorney's foss, if soy,
whicfi may be awarded by eta appellate court. -
IN Wm~tt~s Wt~tt:oF, Borrower has executod this Mortgage.
Signed, sealed and dodivered -
in the Drescnve of: - -
~~?~~iZ! ~ Sextl)
~ ~ dward T, Pierce -~onoa~?
jC.Qi~~ •(Seal)
- anice S. Pierce ~ -+«~a•
- r=- t: a~tE~bh,........Nel~t York. ~ ~.~.~~'...tldi~6fi/ss: _
I hereby txrtify that on the: day, before me, an oB'ioer duly authorinod in the state aforesaid and ia- the oountl?
atoresak: to-farce acknowio:dgcments, personally appear,ed..Edw~rd .T.. Pierce .aa¢. ,J~n lee. S.~. P.ierct~.. .
, .his. ~i.fe to me known to be the person(s) described ~t and who eatecuted the
foregoing instrument and acknowledged before me that LttRx ..:.executed the same fact the putpc~st thcreirt
expressed.. - -
_
Wt7ytt~, ~ •.-and official seat in the county and state aforesaicl this.....:.ltl~b........... y of -
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....,19..79... -
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tS~aoe Below This Lina Rasalvad Fa i.cnde~ and. ltaowdaq
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