HomeMy WebLinkAbout0814 prior to entry of a judgment enforcing this Mortgage i[: (a) Borrower pays Lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; (b) Borrower cure=
all breaches of any other covenants or agreements of Borrower contained in this Mortgage: (c) Borrower pays all reasonable
expense: incurred by Lender in enforcing the eovenagts and agramettts of Borrower contained is this Mortgage snd in
enforcing Lender's remedies as provided in paragraph 18 hereof. including, but not limited to, reasonable attorneys fees; and
(d) Borrower takes such action a: Lender may reasonably require to aswre that the lien of the Mortgage, Lender's interest
in the Property and Borrawer'a obli~tion 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 force and elfeq as if
no acceleration had.oocurred. - - .
?0. Asdgseaeat of ReNs, Appolnttsent of Receher. As additional security hereunder. Borrower hereby assigra to
Lender the rents of~lre Property, provided that Borrower shall. prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property. have the right to collect snd retain such rents as they become due and payable.
Upon accdention under paragraph 18 hereof or abandonment of the Property. Linder shag 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. Ali rents collected by the receiver shall be applied first to payment of the coats of
management of the Property and collection of rents. including, but not limited to, receiver's fees, premiums on reecxiver's
bonds and reasonable attorney's fees. snd then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Festtue Aivswees. Upon request by Borrower. [:ender. at Lender's option-within twenty years from the date of the
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shat! be secured by this
Mortgage when evidenced by promissory notes stating that said na~tes are .secured hereby. At no time shall the principal .
amount of the indeMedness secured by this Mortgage, not including sums advanced in aooordanee herewith to protect the
security of the Mortgage, exceed the original amount of the Note plus USS..- .
?2. Rdaiae. Upon payment of all sums. secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all coats of recordation. if any. •
23. Attor¦eys Fess. As used in this Mortgage and in the Note. "attorney's foes" shall include attorney's fees, if any.
which may be awarded by an appellate court.
IN WITNESS WHEREOF, lorrower has executed this Mortgage. - -
Signed, sealed and delivered
in the presence of: -
.il . gy 6 ~..1~, . `~o~; .............(seal)
syb i 1 M. Young
...........:..............................(Seal)
;TATS Of NEW YORK S=
STATE OF ltf(ifi~l(~(...EQt~~ OF KINFaS' . ~ • • • • • • • • • • • • • • - -aunty ss:
I-hereby certify that on this day, before me, an ofi5cer duly authorized in the state aforesaid and in the county •
aforesaid to take acknowledgements, personally appeared:.. S.y~tll .M.. YRUng,.an. ~ut(oaCfJB~ MIOtDdO.....
to me known to be the person(s) described in and who executed the
foregoing instrument acid acknowledged before me that... shy .......executed the same for the purpose therein
expressed. •
WITNESS.1ny hand and official seal in the county and state aforesaid this.. ?.Sikh .................day of
~ .~w~~ . ...................19..80...
~ ~ - • ~ , v~ : Hoary t~uaie
. . ~ 1Yetae~ Pnblie. Stab of New Yark ~
- Q'- ~ No. a~tatrnzo t~nl. ~ riap tae.
~ L'~ -~~.~,`[~1~ . Certif into Film ie Alew York t
~ t ; f V r:- Co~iasioo lFs~eM NareL 1
(Specs Bdow This Lim Reserved For Lender and Recorde0
CHICAGO i ITLE INSURANCE COMPANY
22 ~ ~ 5~ 2717 ~~iih;euL kVc;dU~
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