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HomeMy WebLinkAbout0251 i j , ~ ~ r prior to awry of a jud8ment aatorcing that Mortgage if: (a) Borrower pays Lender all sums which would be then due under this Mortpee, tba Note gad rota securing Future Advances. if nay. hsd. no aocekntion occurred; (b) Borrower curt all braacbes of nay otber.oovatanb oS agreemenb of Borrower contained in this Mortpge: (c) Borrower pays all reasonable experaas incurred by.{.ehder is aoforclag the oovettaryts and agramenb of Borrower contained in thin Mortpga and in enforcing Lsndar's terrtedies as provided in paragraph 18 hereof, including, but not limited to, reasowbk attorney's fax: and (d) Borrower takes stldt action as Laodar may reasonably require to sssure that the lien of this Mortpge. Larder': interest in the Property and Bomowar's obGption to pay the sums secured by this Mortpge :hall continua unimpaired. Upon such payment and cure by Borrower, the Mortpga and tlta obliptiorts secured hereby shall remain in full foroe and eQact as i! no socekration had occurred. M Asatptaestt o[ ReMR A~olahsestt of Receiver. As additional security hereunder. Borrower herby assigns to Lender the Hots of the Property. Provided that Borrower :ftall. prior to aooekratan under paragraph 18 hereof a abandon- i ment of the Property. have the right to collect and retain such tYrib as they become due and payable. Upon aoalaration under paragraph 18 hereof or abandontrtent of the Property. bender shall be entitled to have a receiver appanted by a oouA to enter upon, take possession of and manage the Property and to collect the Holt of the Property, including thou past due. All rents collected by the raxiver shat! be applied first to payment of the coats of management of the Property and oolloction of rents. including. but not limited to, receiver's face, premiums on receiver's bonds and reasonable attorney's fax. and then to the sums secured by this Mortpge: 7be receiver shall be lisble to account ' only for thoac nob actually received. ~ t1. Ftitore Aivances. Upon request by Borrower. Lender. at Lender's option within twenty years from the date of thle Moripge, may mate Future Advances to Borrower. Such Future Advances, with interest thereon. shall be secured by this Mortpge when evidenced by promissory notes :facing that said notes arc 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 the Mortpge, exceed the original amount of the Note plus USS.. /1+rr.".7~.M7~rM.~..... 22. Releases Upcto payment of all sums sxured by the Mortgage. lender shall release this Mortgage without charge to Borrower. Borrower shall pay cell Coati of recordatan. i[ any. - - 23. Attorsiey'a Fay. As used in this Mortgage and in the Note. "attorney's fax" shall. include attorney's fax. if guy, which may be awarded by an appellate court. - IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, scaled and deGverod , . in the Dresence of: - ~ Marc . B . ~ Foscolo ~ ...........(Seal) orazon M.~ scolo -a«~ STATE of Ftdtitbt . IdEN .YORK . ~ U~~~JC/ V w• (IoGfIIII~ - Ihereby certify that.on this day, before me, an o cer_ duly thorizod in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared....Mar~C .B.. Foscolo.and. amazon. M.......... Fuscolo,. his .wife to me known to be the person(s) described in and vvho executed the { foregoing instrument and acknowledged before me that..... theg ....executed the same for the purpose therein ' expressed. ~ ' ~ ~ WITNESS my hand and official seal in the county and state aforesai this.......:....7r,~L ........day of - i ........Trine 19.gp.... My Commission exptres• ~foVf Yot'k . Jn~~~' plc °t 38'M !'to~ pNotica~~'L~`~~y Notary vuet'~ i . d au°~,~ ~ 3i0.'~ Q 83209 . f ' f : . • ; FILE pt: p • ~ : ~ . --r - SLBL A. 1 . ~ r. ; tXEAK CMtClpT <:OIIMt . f:• . (Specs 8eiorv This Line Reserved For Lender sne RewrOer) ~ ,z,;. ANCE COMPANY - ` - O TITLE INSUR 'yUE CF11CpG p:v~~ 277 O~E~`FI.ORIOP? 33450 FORT P1ERC F {L s pI( 7 i • ll$ l ~ q ' 6~3K• ~~~¦V PAff t F ' , :4 ~ r ~ _