HomeMy WebLinkAbout0456 Nc~ti~U~.ift~R4t Cc~vr.'~n~v rs Hurrow~er and Lender i'urther co~~rnant and agrer as fullow,: ~
19. AccelerAtion; Remedies. Lender shsl! give notice to I3orrower prior to acceleration following BocruNCr's :
breach of any covenant or agreemeat ia this Security Instrumcnt (b~+t not prior to ~c:tleration under paragrs~phs 13 and 17 ~
unless appticable law provides otherwise). The aotice shall specify: (a) the detault; (b? the action ~equired to cu~e the ~
default; (c) a dyte, not less than 30 days from the date the aotice is girea to Borrow~er, by wF~ich the default must be cured;
and id) that failure to cure the def~ult on or betore t6e date apeciRed in the notice may resuit in acceleration of the sum5 ~
secured by this Se~urity lnstrument, forerlosure by judicid proceeding and snle oi the Property. The notice shal! turtber
inform Borrower of the ~ight to reinstate after ttcceleration ~d the right to assert in the forec{osure proceeding the aon-
existence of a default or any other detense o! Borrower to acceleration und fureclosure. If the de[ault is not cured oa or
before the date specified in the notice, Lender at its option may require immedinte pAyment in full of ail sums secured by •
this Security lnstrument without furtber demnnd and may foreclose this Security Instrument by judicial proceeding.
Ixnder shall be entitled to collect al1 expenses incurred in pursuing the remedies provided in this paragraph 19~ including,
but not limited to, reasonable attorneys' fees and co3ts ot title evi~dence. '
20. i.ender in Possession. Upon acceleration under paragraQh 19 or abandonment of the Pro~erty, l.eiider (by ;
~udicially appointed receiver) shall be entitled to enter upon, take possession oCand managr the Property and to collect the i
rents ot the Property including those past due. Any rents collected by l.ender or the rc~:e?ver shall be appfied first to g
paymeni uf the costs of management of the Property and collection of rents, including, but not lim~ted to, receiver's fees, '
premiums o~ receiver's twnds and ceasonab{e attorneys' fec~s, and then to tfie sums secured by thi~ Sr~unty Instrument. ~
21. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Scrurit}~ ~
lntitrument w~ithout charge ro Borrower. Borrawer shall pay any recordation costs. t
22. Attorneys' Fees. As used in this Security Instrument and the Note, "attorneys' fec~" shal! include an~• attorneys' ~
tiee~ aw arded by an appellate court.
23. Riders to this Security lnstrument. !f one or more riders are executed by BorruHer and re~orded together N~ith
this Security Instrument, the covenants and agreements of each such rider shall be incor~rated into and ~hal) amend and '
wpplement the covenants and agreements of this Secur+ty instrument as if tfie rider(s) ~•ere a pan of this Securitr
Instrument. [Check applicable bcix(es)j
_ 1 Adjustable Rate R~der Condominium Rider 2--~ Family Rider _
Graduated Payment Rider ~ Planned Unit Development Rider
~ Other(s) (specifyJ
BY Slc;titNC; BE~oH~, Borrower accepts and agrees to the terms and covenants contained in this Serurity~
Instrument and in any rider(s) executrd by Borrower and recorded w~ith it.
Signrd, sealed • d delivered in the presence of:
........1
.~~~"w............... (Seal)
-8crro~er
HN M. YETTO
` • ...(Seal1
........`-~~-L.~c-~
-gOrroKEr
`t
~ tirart ot~ NEW YORK County ss:
~ ( hereby certify that on this day, before me, an of~cer duly authorized in the state aforesaid and in the county
~ .~;~~resaid to take acknawtedgements, persoaally~ appeared
~ JOHN M. YETTO
~ , to me known to be the person(s) described in and who executed the
' furegoing instrument and arknowledged before me that he executed the same for the purpose therein e~-
~ pressed.
~ W~TtiESS my hand and of~cial seal in the county and state af aid this ~ day~ oi
j 3ANUARY , 19 9p .
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~ 1ty Commission expires: ~
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+ 1Seaf) Notary Public
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