HomeMy WebLinkAbout1780prior to e~try of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be theo due u~der
this Mongage, the Note and notes securing Future Advances. if any. had no acceleratio~ occurred: Ib) Borrower cures
all breaches of any olher rnveoants or agrcements of Borrowe~ contained in this Mortgage; (c) Bormwe~ pays a11 reasonable
expenses incurred by I,ender in enforcing the covena~ts a~d agreemenu of Bomower contained in this Mortgages and in
enforcing L.ender's remedies as provided in pangraph 18 hercof, including, but not limited to. reasonable attorney's fas; and
(d) Borrower taka such action as I.ender may reasonably rcquire to assurc that the lien of this Mortgage. Lender's interest
in the Property and Bomower's obligation to pay the sums secured by this Mongage shall continue u~impair~d. Upon such
payment a~d curc by Borrower~ this Mortgage and the obligations secu~ed hereby shall remain in full force a~d effect as if
no acceleration had occurnd. ~
20. As~signmeet ot Rent~ Appointmeat of Recei~er. As additio~al security hereu~der. Borrower hereby assigns to
Lender the rents of the Propeny. provided that Borrower shall, prior to acceleration under paragraph 18 hercof or aba~don-
ment of the Pr+operty, have the right to collect and retain such rents u tbey bocome due and payable.
Upon acceleration unde~ parag~aph 18 hereof or abaodonment of ~he PmpeRy. Lende~ shall be entitled to have a
receiver appointed by a court to enter upon. take Ewssession of and manage the Property and to collect the rents of the
Properiy. including those put due. All rents collected by the receiver shall be applied first to payment of the costc of
management of the Pmperty and collection of rents, including, but not limited to, receiver's fees, premiums on receiver i
bo~ds and reasonable attorney's [ces. and then to the sums secured by this Morigage. 77~e re~.-eiver shall be liable to account
only [or those rents actually received.
21. Feture Advaacea. Upon request by Borrower, I.ender, at t.ender's option within twenty years from the date of this
Mortgage, may make Future Adva~ces to BoROwer. Such Future Advaoces, with interest thereon. shall be secured by this
Mottgage when evidencod by promissory notes stating that said notes are secured hereby. At no time shall the principal
amourtt of the indebtodness secured by this Mongage, not including sums advanced in accordance herewith to protect the
security of this Mongage. excoed the original amount of tht Note plus USS . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
22. Reka~e. UpQn payment of all sums socured by this Morigage, l.ender shall r~elease this Mortgage without charge
to Borrower. Borrower shall pay alt costs of recordation, if any.
23. Attoroey's Fecs. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's foes. i[ any.
which may be awarded by an appellate coun.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, sealed and delivered
in the presence of:
. ~ ~ Q-. . ~rl~nLa~J; :^ : ~~ . . . . . . . . . . . . . . . . . . .
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~ Anne I. Conb~y ~f,t
. . . . . . . . . . . . . .~lO!'!dA L BIiVZ
STATE OF ~A . . . . . . I~}E?'W. ~(1]L~C _ ~'~~(~ u: ~o!~ry Pu:.!ic. ''~ta of Ne~r York
~ ~ . . . . . . . . . . . . . . . . . . . . . ~.i:[.~i-f t.~ Er: C'~»ty _G
~~.~ ~~t- Yl~ ..~-~ ~~ ~=f _~~' ` My C~n~mis:~,;a :,..;~e, .+,:: ~a 30. 1~Ci~
I hereby cenify t t on ~is day. before mc, an ofFicer duly authorized in the state atoresaid and in t~e county
aforesaid to take acknowledgements, personally appearcd . . .John. L.. .COnbO~ atld .~lri~ .I . .COII~[.iy.,, . . . . .
-Liis. ~nti.Ee . .. .. .. . . . . . . .. .. . . . . .. . . .. to me known to bc the person(s) described in and who executed the
foregoing instrumcnt and acknowlcdged beforc me that __.they. ......executed the same for the purpose therein
expressed. ~
W~TNESS my hand and otficial seal in the county and state aforesaid this. .. ..... 9th............day of
..Feb~uary ......................19..81...
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.;,. _a, -~.~x-t~" .~ion expires:
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(Spsce 8elow This Line Res~rved For Lendersnd R~corOery
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