HomeMy WebLinkAbout0954 NON-UNlFORM COYENANTS. Rorrowcr and Lerxie~ further covenant and agree as touows:
19. Accekr~tbn; Ranedies. l.ender st~ali ~ive notice to Borrower prior to accekrallon (oibwiag Borrnwcr's Drc~ch of any~
covenanl or a~nameM in this Security lnstrumeal (but uot prior 10 ~cceleratbn under p~r~apl~ !3 aad !7 unkss appllcabk
Isw provldes otAtrwise). The aotke ahaU specity: (o) tbe defiwtt: (b) tbc action rcquind to cure the de[ault; (c) a date; not less
tt~an JO days troa~ t6e dstc tbe uotke ts eivep to Borrower, by wl~kh tbe det,ult must be cured; ~d (d) tlwt faikue to cure 1he
detauit or or betore 1Le dste specitkd ia thc notice auy resuk in sccekratba of the suma aaured by Ibk SecurNy lnstrumeat,
[oreclosure by judkid.proccedln~ sad sale ot tl~e Property. 'Ibe ootke sbaN h~nher iaform Borrower o~ the ri~bt to reinuate aRer
acceleratioa and t6e ri6ht to ~ssert in !be foreclosure proceediut thc noo~exisieacc at a defwtt or nay otber detense ot Borrower
to sccekratioa aod toreclo~ure. U tbe defauK is not cnnd on o~ befa~e tbe date specUkd in tbe notkc. Lcnder at its oplbn may
rcquire immediate p~ymeat W tuU ot aif sumc aecured by U~ Security Iastrument without turthe~ demand and may Iorecbse thls
Secu~ity lnsirnnkot br,j~dkW ~rocadin~. Lender shall be estitkd to edlect a!1 expe~es iacurred ia pur~ tbe raaediea q^ovided
in Ws par~graph lf, lacluding~ but not Wntted co. ~oa~ble atoraeys' fess aad casts ot titk evidenc~e. ~
20, l,ender !n P~ossestioa. Upon accoleration under prragraph 19 or abandonment of the Proporty. Lender (by judicially appointad
receiver) shali be eMitlod to enter upon, take posxssio~ of and manage the Property and to colkct the rents of the Property including
those past due. Any rcnts collected by l.ender or the receiver shal! be applied first to payment oi the cosss of rtwnagement of the Propeny
and coltoetion of rents, including, but not limited to, receiver's fas, prcmiums on rcceiver's bonds and reaconable attorneys' fets, and
thtn to the sums secured by this Seruriry lnstrument.
2:. Release. Upon payment of all sums socurcd by this Security Irtstn~ment, Lender sAall release this Security [nstrumcnt witlaut
charge to Borrower. Borrowtr shall pay any recordation costs.
22. Attorneys' Fees. As usod in this Securiry Instrument and the 1Vote. "attorneys' fees" shall inciude any attorneys' fees awardod
by an a}~Ilace coun. ~
23. Ridera to this Security Iastruu~ent. if one or mor+e riders are executed by Bonower and rccordcd together with this Security
Instrument. the coveoants ard agreements of exh such rider sAall be incorporated into and shall amend and wppkment the covenants
and agrcemcnts of this Securiry Instcument as if tho rider(s) were a pan of this Socurity lnstrument. (Check applicabk box(es)]
~ ~ Adjastablt Rate Rider ~ Condominium Rider ? 2-4 Family Rider
? Gnduated Payment Rider ? Planned Unit Developn~ent Rider
? Other(s) [spec~fY)
BY SIGNING BELOW, Borrower accepts and agrces to the terms and covenants co*nained in this Securiry Instrument and in any
rider(s) executed by Borrower and recorded with it_
!N WITNESS WHEREOF, Bomower has executed this Mortgage. .
(Seal) ~ ' (Seal)
. OTTO L. WALLEND
~ &Sea~!) ~~...~~~~Cl1~f~ &~1)
FSTHFI~ WALLEND
srnrE oF: co~ncy u:
I hercby artify that on this day, before me, an officer duly authorized in the state aforesaid and in the county aforesaid to take
acknowledgtr~ents. personslly appeared
OTTO L. WALLEND AND ESTHER WALLEND
L;.~,+...~ r., hP rhe n~rccmisl d~ccribed in and who executed the forcgoing
instrument and acknowledgcd before me that TH EY executed tbe ~ for the purpose therein eaprcssod.
Wimess my twid and officia! seal in the counry and state aforesaid this ~9~ day of
OC'1~O~IIt . ~9 85
My commission expircs: ~
~s~r~ w~ vrni.
~spae. eNorn Thls un. RpKV~a Fo. Adetelaw ~?eio~orrNdpn~+tl
PASQUALE FAL7ARAt~O
~ry Pub1iC. Stste of New York
No. 35-478529~
Q~lified irt Orange County
~,m~sw~ Expires Ma~ch 3~, 1 g--
~~~~K~b~ F~~E y4~'
RECORD AND RETURN T0:
' , ~ . .