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UCIE CGI,'!11 Y. F'~.
Nort-Utv~FORM COVHNnwTS. Borcower and l.ender further covenant and agree as follows:
19. Acceier~tIon; Remedles. Gender shail give notice !o Borrower prtor to accelerat}on following Borrower's
breach of any covenant or agreement in this Securlty Instrurnent (but noi prIor to acceleratlon under paragraphs 13 and
17 unless appltcable law provides otherwlse). The notlce shall specify; (a) the default; (b) the aclion requ[reci to cure the
c~=»"• n~o~p ~n} l~,A,~ ~ d~_vs from the date the notfce is given to Borrower, by whtch the default must be cured;
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and (d) thot i~lure to cure the default on or be[ore the date speclfied in the notlce may r+esult In acceleration oi tne sums
secured by this Security Instrument, foreclosure by Judicial proceedIng and sale of the Praperty. The notice shall [urther
[nform Borrower of the rtght to reinstate af~er ac~efer,~tt~n an~ the right ta s~c-~ in the forerlosure pro~eed[ng the
non-existence o[ a default or any other defense of Borrower to acceteratton and foreclosure. lf the default is not cured on
or i~efore the date spec~ed in the notice, Lender at its opli~n may require i?nmedlate payment in full of atl sums secured
~ by this Srcurity Instrument without further dernand and may foreclose thls Security Instrument by judiciat proceeding.
Lender sha[l be entitled to coltect all expenses incurred in pursuing ihe remedies provided in this paragraph 19,
incluciing, but not llmtteii to, reasonabte attorneys' [ees and costs oC title evidence.
20. Lender in Posse~slon. Upon acceleration under paragraph 19 or abandonment of the Propetty, Lender (by
judicially appointed receiver) shall be entitled to enter upon, take poss~ssion of and manage ihe Property and to collect the rents
of the Property inctuding those past due. Any r~nts collected by L.ender or the receiver shail be applied Crst to payment of the
costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on
- receiver's bonds and reasonabie attomeys' fees, and then to the sums secured by this Security Instrument.
21. Release. Upon payntent bf a!! sums secured by this Securiry Inslrurnenl, [.e.n~ter shall rclease this Secucity
Inswment withaut charge to Borrower. Bonower shall pay any recordation costs.
- 22. Attorneys' Fees. As used in this Security Instrument and the Note, "attorneys' fees" shall include any attorneys'
fees awazded by an appellate court. ~
= 23. Riders to this Security Instrument. If one or more riders are executed by Borro~ver and recorded together
~ with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and
~ supplement the covenants and agreements of this Security Instrument as if the rider(s) w~ere a part of this Security Instrument.
(Check a licable twx(es)j
~ PP
~ 0 Ad'ustable Rate Rider 0 Condominium Rider
~ J ~ 2-4 Family Rider
~ Graduated Payment Rider ~ Planned Unit Develapment Rider
~ Other(s) [speeify)
~ BY SIGNtNG BELO~Y, Borrowcr accepts and agrees to the terms and co~~enants contained in this Security
~ Inswment and in any rider(s) executed by Borruwet ~,iu r~co?d~~ wit~~ ii.
Signed, sealed and delivered in the presence of: _
' _ .
: ~-/'J~~''` (Sea!) ..'t~~.~ ~ ...........~'.~-(Seal)
~ / ~~~i'~.. ~ --Borrower -Borrower
CECIL E. MUNROE
~ `
~ . ~~C~ -w/1~~
~ . . . . . ( ~ (Seal)
A~ter ecor d~i~fl um fo --~?~,er ~n~,e~
MYT IE H. MUPiROE
~ Pf-~N?~, P.C~. ~ox 402b
~ ..~7~i~~1,~'C.~,~j,iUi;y,,~'ti,C!! ;:~qTl~. ¢Oe~9~Seal) (Seal)
. . .
; . --Borrower -8orrower
~
~
~ [S¢aCe Below This Line Fa At~cnovv4o~gment)
~ 1~J
~ STATE OF ~W YORK /t/~SS/~d~ County ss: '
I hereby c~~rtify tha_ on thi.s day, before me, an offiaer duly authorized in
~ the state aforesai.d and in the county aforesaid to take acknv~~leclgements, personally
~ appe,ared CECIL E. ~ AND NILTZIE H. MUNROE, His Wife, to me ]mo~?m to be the
~ pe.;cson ( s) descr~bed in and who executed the foregoing instnxnent and acknawledged
~ beFore me that they ex~ecuted the same for the pui.-pose therein expressed.
~ WZ~.,SS rny hand and official seal ~.n the caunty and state aforesaid this 14th
3 day of NaverN.~r, 1986.
~ ~
Nfy Ccxrmission expires: ~
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