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81001263
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Last modified
1/14/2010 9:33:51 AM
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1/14/2010 9:33:10 AM
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DEEDS
Inst Number
81001263
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<br /> <br />prior !o entry of a judgment enforcing this Mortgage if: (ay Bortower pays Lender all sums which would be thrn due under <br />this Mtietgage, the Note and notes securing Future Advances, if any, had nn acceleration occurnd; (h) Borrower cures a1S <br />breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays alt reasonable <br />expenses ituurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in <br />enforcing Lender's retttedks as provided in paragraph 1 B hereof, ircluding, but not limited to, reasonable attorney's fees; sad <br />(d) Borrower takes such action u Lender may reasonably require to tus:ora that the lien of this Mortgage, Lettder"s intee~t <br />i9 the-Property . ~ormwer's ohL~tion un pay the cams secured by this Mortgage shall continue unimpaired.-- Upon~attdt <br />payment and ouro by Borrower, ehia Mortgage and the obligations sxured hereby shag remain in foil force .and etlecC ae if <br />no aceekeation had occurred. <br />2'B. AsdpmnN ~ iterrtB Appst of IReeeleea; Gendsr k As additional security herwttder, Borrower <br />last+sby esstgtts to Lendcv the rears of the Property, provided that Borrrnver shall, prior to ac~roleration under p~agraph 18 <br />hereof or abandonment of the Property, have the right to collerx and retain such rents as they became- itue and payable: <br />Upon accekratimr under paragraph 18 hereof or abandatmrnt of the Property, Lender, in persmr, by agen4 or by <br />judicially appoitrred receiver, shall be entitled to etrter upwr, take possession of and manage the Property and to colkU the <br />renu of the Property, including those past due. Ati rrnts collected by Lender or the recerver shall be applied fast to payment <br />of the coats aE manageromt of the Property and collection of rents, including, but not limited to, receiver's fees, praniums on <br />reteiver's bonds and re~onabk attorney's fees, and then io the sums secured by this Mortgage. Lender and the reoairrcr <br />sha8 be liable to accarrrt only for those reins actually received. <br />2L iPtet®ss Aivasat. Upon request of Borrower, Lender, at Lender's option prior to release of this Mortgage, may <br />make Future Advances to Borrower. Sudr Future Rdvances, with interest thereon, shall be secured by this Mortgage when <br />evidenced tsy praniswry notes stating that said notes are secured hereby. At no time shalt the principal amount of tht <br />indebt by this Mortgage, not including sums advanced in accordance herewith to protect the security of the <br />Mortgage, excmd the origins! amount of the Note plus U35. 5.00.mt)A ......... <br />Y3. L4sdaaas. Upon payment of alt sums secured by this Mortgage, Lender shall discharge this Mortgage without <br />charge to Burrower. Borrower shall pay alt costs of recordation, if any. <br />IN WI7'xHat WREAEOF, )3orttn-er has executed this Mortgage. // //,~ ~~ <br />........~~~i~l~-r ~ _!'1K~TG........ <br />Michael D. Alc'.ri.dge --aarew. <br />~$kleiyl A. Aldr ~ ~ ~~ .. <br />STATE OF N881iASRA 1 <br />j SS. <br />COUNTY OF ~, ) <br />fihe foregoing inatrutaent vas acknowledged before me this 16th .day of. . <br />~l+~~+ 19. 8t, by "lictyael. D. ?~ldrids~e and Ste~"Y1. A. J17>~~.g9e..~. <br />aild i.trtess.my hand and notarial seal at. '~~ ZSlarid. . <br />in said County, the date aforesaid. // ,mot //1 //// <br />_ 1 <br />( Notary Public <br />f <br />NY Coermisaion expires: ~ 12, 1983 <br />tl/ii111 Miaar-ftw. d a.m,.w <br />f M. ait~f€LT <br />L1stR trip Oa6 t I, 4 ass <br />K <br />`' <br />
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