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HomeMy WebLinkAbout1469 i ' .ti' r' prior to entry of a jtrdgrrreat enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under this Mortgage, the Note sad notes securing Future Advances, if any, had no acceleration occurred: (b) Borrower cures alt breaches of say other eovetrants or agreements of Borrower contained in this Mortgage: (e) Borrower pays all reasonable expenses incurred by Leader in enforcing the coveaagts and agreemenb of Borrower contained in this Montage and in enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonabk attorney`s fees: and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lender's interest in the Property sad Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment sad cure by Borrower. this Mortgage and the obligations secured hereby shall remain in full force sad eBect as if no accekratioa bad occurred. It. Aas~oestt of Resslq A~oisrtseN of Receher. As additional security hereunder. Borrower hereby assigns to Lender the rents of the Property. provided that Borrower shall, prior to accekration under paragraph 18 hereof or abandon- ment of the Property. have the right to collect and retain such rent: as they become due and payable. Upon aceekration 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 coikct the rents of the Property, including those peat due. All rents colkcted by the receiver shall be applied flrat to payment of the costs of management of the Property sad eolkction of rants, including, but not limited to, receiver's fees, premiums on receiver s bonds sad reasonabk attorney's fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those rants actually received. 21. Fntnre Adtancea. Upon request by Borrower, lender, at Lender's option within twenty yeah 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 evideaad 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 advanced in aooordanoe herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USr"""""""""""" 22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all costs of recordation. if say. 23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foss, 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: ~.~~~1 . Barbara M. Coburn-si«~ . .................................(Seal) --eo.rower .STATE OF ~~N,,~......... NCSi York ~ ~~1~~~- I hereby certify that on this day, before me, an officer authorized in the state aforesaid and in the county ~ aforesaid to take acknowledgements, personally appeared...~bara M. , Cobur>}, , gyp, ~.~d stgq®pilugi, , to me known to be the person(s) described in and who executed the foregoing instrument and~ackrtowledged before me that...sI}~........executed the same for the purpose therein 4 expressed . •~f~ > WtT d and official seal in the bounty and state aforesaid this ~~b ...........day of ' ~ ~ 19 r~° : Notary PrWic is the State of New Yeric . r,•~ 11ONR0i OOUNTI. N. V. . . ^ Llstnssisd~ Biapltas >M+ry 80.18 - r``~.x ` q (Sri [iNow This t.iM Res~ra~d Fro Lend~~ uW RKOrOeh t 1980 NAR 31 Pl;12 05 0 FlLEO ~NtT R~Jtt'~6uRYtQ S RO~GE~It ~OITRASA i gLER1t CIRCWT C0~ t'!'C9Rf YfRIFIF4~ . ~01Ai`!~ i ~ ~ - _ 61l )K f~~~