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prioi to entry of a judgrrtent enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be thrn due under
this Mortgage, the Note and note securing Future Advances, if any, had no acceleration occurred; Ib) Borrower cures
all breaches of any other covenants or agreemeats of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Leader in enforcing the oovenar)ts and agreements of Borrower contained is this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to; reasonable attorney's fus; and
(d) Borrower take: such action as Lender may reasonably require to assure that the lien of this Mortgage, Leader`s iaterost
in theProperty and Borrower.': obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and au+e by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect ss if
no acceleration had occurred, r
M Asdgnaetit d Rerres; AppolNmed of Receiver. As additional security hereunder, Borrower hereby assigns to i
Lender the Hots of the Property, provided that Borrower shall. prior to acceleration under paragraph 18 hereof or abandon-
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morel of the Property, have the right to collect and retain such rents as they become due sod payable. i
Upar aoakration under paragraph 18 hereof or abandonment of the Property. Lender shall be rntitled to have a Z
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 rnllceted by the receiver shall be applied first to paymrnt of the coats of
management of the Property and collection of rents, including, but not limittd to, receivers fees, premiums. on receiver
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bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. 'ibe receive shall be liable to account {
only for those routs actually received.
Tl. Fs~re Aira•eet. Upon request by Borrower, Lender. at Lender's option within twenty years from the date of this i
Mortgage, may make Future Advances to Borrower. Stich 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 advarroed in accordsnoe herewith to protect the
security of this Mortgage, exeeod the original amount of the Note plus USt...... r.---r----r-----
22. Releaaa 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 any.
23. Atterney"s Rea. As used in this Mortgage and in the•Note. "attorney's fees" shall include attorney's fees, if soy,
which may be awarded by an appellate court.
IN WITNESS WHEREOF; Borrower has executed this Mortgage.
Signed, sealed and delivered
in the vresence of: _ _
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. I•.,~~ ~ ~r'L.e.Qr~.. (Seal)
Art ~ r Simpson -8orrow.r
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~ Gloria M. Sim son
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STATE OF F)'A~A, NE1~f ,YORK , . , , ~~M~ u;
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I hereby certify that on this day, before roc, an officer duly aut in the state aforesaid and in the county
! aforesaid to take acknowledgements, personally appearcd..Ar.f'hur.6.. S.impsoa.and.Gioeia• M...Sirnpson,
......b i s. w~i.fe 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
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. .WITNESS my hand and•official•seal in the county and state aforesaid this..........28th .........day of
.Eebruar.K. 19..80•
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f ~ mission expires: LOUIS URBACr~ ~ ~
~ r0TAR1r PUBLIC. State of New Ybrr
; s No. 03-UR9416400 t~ohry Puoric
~ ~ '`~~~tTe4= t2lahr~eo in &onx Cowdp
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s,,,~ ~.nmmisvon ~rpires Marth 39, 143P
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