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HomeMy WebLinkAbout1124 ..,a1~ 1 • ~ prior to entry of a judgment enforcing this Mortpge it: (a) Borrower pay: Lender all auras which would be then due under. this Mortgage, the Note and notes securing Futuro Advances. if any. had no acceleration occurred; Ib) Borrower cura al! br+eacha of any other ooverr:rrts or agreements of Borrower contained in this Moripge: (c) Borrower pays all reasonable expenses incurred by Leader in taforcing the covenagts and agraments of Borrower contained is this Mortpge and in enforcing Lender's remedies as provided in pangnph 18 hereof. including, but not limited to. reasonable attorney's tea: and (d) Borrower take such action as Lender may reasonably nquirc to assure that the lien of this Mortpge, Lender's interest in the Property and Borrower's obliption to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obliptions secured hereby shall remain in full [ores and effect as if no aocekntion had occurred. M Aadpaerrt of Reels; AppoirKareat of Receiver. As additional security hereunder, Borrower hereby assigns to Lender the tents of the Property, provided that Borrower shall, prior to accekratan under puagraph 18 hereof or abandon- ment of the Property, have the right to collect and retain such rents a< they bxotne due and payable. Upon accekntion 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 collect the rents of the Property. including those put due. All rents collected by the receiver shall be applied first to payment of the costs of management of the Property and collcetion of rents, including, but not limited to, receiver's fees, premiums on receiver's i bonds and reasonable attorney's fees. and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those rents actuslly received. - 21. >Flrlnre AiraK~ea. Upon request by Bormwer,.Lender, at Lender's option within twenty years 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 evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the. indebtcdnas 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 USS.. ?2. Retiease. Uppo payment of all sums secured by tha Mortgage. Lender shalt ukase this~Mortpge without charge Ito Borrower. Borrower shall pay all costs of rooordation. if.any. 23. Attorney's Fees. As used in the Mortgage and in the Note, "attorney's foes" shall include attorney's fees, if any, which may be awarded by an appellate court. IN WttNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and deliver~od in the presence of: ~ - c,tP.. ~ ~ . seal c ~ Witness : ~ - R ol{~h ~ E . Robin ~ -eons.... _ ~~~~t~,C . p~~ t'~Y........... (seal) Rolande Y. Rot~et ~C A'wa - Witne55: (State of New York, County of Nassau) . I hereby certify that on this day, before me, an officer duly authorized is the state aforesaid and in the county a[oresaid to take acknowledgements, personally appeared.. Rodal.pbe . E.. Rah 1 vet. and .Ro 1 and,e .Y . Robi net,, his wi fg, , , , , , , , , , , , , , , to the known to be the person(s) described in and who executed the foregoing instrument and acknowledged before the that Lht+Y........executed the same for the purpose therein exprased. - Wtrt~sss my hand and official seal in the county and state aforesaid this........4tb .............day of . ~.~tember t9.80.... - My Commission cxptra:l~a~',,?p/ ~y - tsar ie 1; - Ire. X7100 ¢ . 4 ' - Our~d In Il...au Counh r " ~D~ia tJiplfRi t1AafCt1 t9 .j t, -i (5{Moe eNow This Ling R~s~tvW Fw lender ant Riopr6srt i r~ i A1'J?Jcir'lv,t ~.,,,r~i.....~ vJC/Jlt~f~ Si. tUCIE CGIjV' Y. Ft A. CLCRK C RCtlli ~Ot~~/R{i . 800RJ~ PdGE~~4 -=r _ _