HomeMy WebLinkAbout2932prior to e~t~y of a judgment enforcing this Mortgage it: la) Bor~owe~ pays l.ender all sums which would bc then duc under
this Morigage, Ihc Note and notes securing Future /ldvance~, i( any, had no acceleration occurred; Ib) Borrower cu~a
all breacha of any othc~ covenants or agreements of Born~wer can~aincd in this Mortgage; (c) Borrower pays all reasonable
expenus incur~ed by Lender io enforcing the covenants and agreements of Borrower containeJ in ihis Morlgage and in
enfarcing I.endcr i remedies as provided in pa~agraph 18 hereof, including, but not limitcd ta, reas.~nable attorney's [ees; and
td) Bor~ower taka such ac~ion as l~nder may ~easonably reyuire to assure that the lien of this Mortgag~. 4ender's interest
in the Propeny and Borrowet's obligation to pay the sums secured hy ~his Mortgage shall continue unimpaircd. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in tull force and efiect as if
no acceleration had occurred.
~ 20. AssiRnmenl ot Rents; Appoinlmenf ot Reeejver. Ac add~tianal cecurity hereunder, Borrower hereby ascigns to
l.ender the rents ot the Property, provided ~hat Bormwer shall, prior to acceleralion unde~ parag~aph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rcnts as they become due anJ payable.
Upon acceleration under paragraph IR hereof or abandonment of the Propeny, t.ender shall be entitled to have a
receiver appointed by a court to enter upon, take possession ol and manage the Property and to callect the rents of the
Prcperty, including Ihose pasl Jue. All rents c~tlecleJ hy the receiver shall he applied first to payment of the costs ot
management of the Property and collection o( rents, including, hut not limited to, receiver's (ees, premiums on receiver's
tx~nds a~d reasonable attorney's fees, and then to the sums ~ecured hy this Mortgage. The receiver shall be liable to account
only (o~ those rents actually received. , ,
21. Future Ad~•ances. Upon request by Norrov-•cr, 1_c~der, at I.ender's option within ~wenty years from thc date of this
Mor~gage, may make Fu~ure Advances to Bormwer. Such Future Advances, with interest thereon, shall he secured by this
~lortgage when evidenced by promissory no~es stating that said notes are ~ecured hereby_ At na time shall Ihe principal
amo~mt of the indebtedness secureJ b~~ this Mortgage, nol including sums advancec~, ir ag~~daricg herewith to protect the
security of this Mortgage, exceed the original ~mount of the Note plus USS ~~di U . UU
22. Release. Upon payment of all sums secured by this Mortgage, I_ender shall release this Mortgage without charge
to Borrowcr. Borrower shall pay all costs of recordation, if any.
23. Attorney's Fees. As used in this Mor~gage and in the Note. "a~torney's fcci' shall include attorney's fees, it any.
which may he awarded by an appellate coun.
IN WITNESS Wf1EREOF, Borrowcr has c~crcuted this Mortgagc.
Signcd, scalcd and delivered
in the presence of:
y~~~
/L r ~ l~
$TATE OF IV~~I YORK
County ss:
~~ ~ (Sc3!)
AL . -eorrower
H (Seal)
-eo..~~.
_ (Seal)
-eorrowtr
_ (Se31)
-BOffOWN
_ ~.7G~1~
-8orrower
_ ~~~~
-BOff01MN
1 hereby certify that on this da}~. beforc mc, an oflicer July authoriud in the state atoresaid and in the county
aforesaid to take acknowledgcmcnts, pcrsonally appearcd
ALBERT COLANGELO AND HELEN COLANGELO, HIS WIFE •
,~u me known to tx the prrson(s) described in and who executed the
foregoing instrument and acknawledgrd beforr me that THEY ~xecuted the same for the purpose therein
expressed.
WITNESS' ~ y hand anci official s~al in thc count~• and statc aforesaid this ~:r-- day of
~ ,MARCH ~~ ~ , l9 81 .
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PASQL~ALE J. RRESHA
Motary Pu:,:: St~!- ~~ i7cw Yerft
No. GO-S:-f ~'.' :9
'• Qualitied in Yl:. .r'.. ., r C T~nty~
~immi;::ua Ezpires March 3J. 19_..~
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(Spxe Be1ow This Line Reserved For lender and Recorder)
FLORIDA DOCUMENTARY STAMPS AFFIXED TO ORICaINAL NOTE ANO CANCELLEU
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