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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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810107.sam
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1993-08-01
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107 lines
NEW YORK STATUTORY MORTGAGE
This mortgage, made the __________ day of _________, _____,
between MILLIE MORTGAGOR, of 123 4TH STREET, City of ALBANY,
County of ROCHESTER, State of NEW YORK, MORTGAGOR, and FIFTH
NATIONAL BANK, of 2345 6TH AVENUE, City of ALBANY, County of
ROCHESTER, State of NEW YORK, MORTGAGEE.
Witnesseth, that to secure the payment of an indebtedness in the
sum of $123,456.78 ( one hundred twenty three thousand four
hundred fifty six & 78/100 dollars), lawful money of the United
Sates, to be paid on JUNE 30, 1994, with interest thereon to be
computed from JUNE 1, 1994, and to be paid 360 MONTHLY
INSTALLMENTS OF $950.00 EACH, according to a certain bond or
obligation bearing even date herewith, mortgagor hereby mortgages
to mortgagee all of that certain real property located in the
County of ROCHESTER, State of New York, described as follows:
SEE EXHIBIT 1
And mortgagor covenants with mortgagee as follows:
1. That mortgagor will pay the indebtedness as hereinbefore
provided.
2. That mortgagor will keep the buildings on the premises insured
against loss by fire for the benefit of the mortgagee; that he
will assign and deliver the policies to mortgagee; and that
mortgagor will reimburse mortgagee for any premiums paid for
insurance made by mortgagee on mortgagor's default in so insuring
3. That no building on the premises shall be removed or
demolished without the consent of the mortgagee.
4. That the whole of said principal sum and interest shall become
due at the option of the mortgagee: after default in the payment
of any installment of principal of interest for 15 days; or after
default in the payment of any tax, water rate, or assessment for
15 days after notice and demand either in assigning and
delivering the policies insuring the buildings against loss by
fire or reimbursing mortgagee for premiums paid on such
insurance, as hereinbefore provided; or after default upon
request in furnishing a statement of the amount due on the
mortgage and whether any offsets or defenses exist against the
mortgage debt, as hereinafter provided.
5. That the holder of this mortgage, in any action to foreclose
it, shall be entitled to the appointment of a receiver.
6. That mortgagor will pay all taxes, assessments, or water
rates, and in default hereof, mortgagee may pay for the same.
7. That mortgagor upon within 15 days upon request in person or
within 15 days upon request by mail will furnish a written
statement duly acknowledged of the amount due on this mortgage
and whether any offsets or defense exist against the mortgage
debt.
8. That notice and demand or request may be in writing and may be
served in person or by mail.
9. That the mortgagor warrants the title to the premises,
provided however, that this conveyance is subject to the
following:
$20,000.00 TO SIXTH NATIONAL BANK
In witness whereof, this mortgage has been duly executed by the
mortgagor.
____________________________________
MILLIE MORTGAGOR
____________________________________________
MILLIE MORTGAGOR
Witnesses as to MILLIE MORTGAGOR:
____________________________________________
____________________________________________
STATE OF ____________________
COUNTY OF ___________________
MILLIE MORTGAGOR personally appeared before me and acknowledged
the execution of this instrument.
Dated: ________________________
________________________________________
My Commission Expires: