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Home My WebLink About0763 3. To piace a~d continuously keep on the bui!dings now a hereafter iituate on sa~d fand and on a!! eqvip,nent and personally covered by this mor~g• ege, with all p~emiums thereon pa~d in full, fire ini~iance in tha usual standard po~icy io~m, in a aum ayproved by the MOR~'vAC-EE, and winds~o~m ~nsvrance in the usual standard poGcy fonn, i~ a sum appro~+ed by the MORTGAGEE, in such canpany or co~~,pan~es as rht MORiGP.GEE may d~rect; and aU (ire and w~ndstorm inwronce po~icies on any o( sa~d buildmgs, any iNe•est therein o? part Iheceof, in 1he aggr•_gare sum atoresaid or . in excess thereoi, shall cootain the usual s~andard mortyagaa ciauie or such olher clause as the Mortgagee may reqwre, making the loss unJe~ sa:d poli- c;es, eath and every, payabte to aaid h1t'~RTGAGEE as its interes~ may ~ppear, and each and every such pot•cy shall be promptly ass gncd e~~d dal~ve~ed to eny held by said MORiGAGEE as fu~the~ securily to said mortgage debt, and, not leas than Ien (10) days in advance ol the expirat~on of each policy, to dr- Ilver to said MORTGAGEE a renewal thereof, togethe? with a receipt for the premium of such rer,ewat; and there shall be no f~re or w~nds~o~+n inswance plated on any of said buildings, any interett therein or part thereol, un;ess in the fo~m and wi~h Ihe tass payabte as aforesaid: and in the event any sum of money becomes payabk ~ndet suth peliq w poiicies said MORTGAGEE shsll have the optio~ to reteivc and apply the Same on accou~~~ o( the indabtvd- nes~ secured hereby or ro permit said MORTGAGORS ro receiva and use it a any part thr:cof tor o.i~~, ~;ur;.oses, .~.:~h,~! lI1 U1 •Y~~~~ ~r ~~np..~:- iny any eq~ity, lien w~ight under or by virtue of ihis mo:•gage; and in the eve~1 sa~d MORTGAGORS shall for any reaso~ fail to k~ep the sa~J prc~n~ses so ;r.wred, or fail to deliver promptly any of said poGcies of insura~ce lo sa~d MORiGAGEE, or fail p:emptly to pay tu~ty any prer,~~~•m thercior or in any respec~ (ail to perfam, d~scharge, execute, ellec~, complete. tomply with and abide by th~s covenant, or any part hereof, sa~d t+1URIvAGEE may piace a~d pay fw such insurence or any part thereof without waiving a affecting any option, lieo, equity, or right under or by virti~e of thts Mo~tgage, and thE t~ll amouM of ea<h a~d every such paymeM shafl be immediatefy due and payable and shall bear intcrest from the date ~hercof unt~l pa~d a~ ?he rare o4 ~~~~e per cenwm pe~ annum and to~ether with such inte~est shaii be secured by the lien of this mortgagt. I, To permit, tommit ot sufier no waste, im~irment o~ deter~oration of said property or any part thereof. 5. To pay all a~d singular the coats, charges and expenses. ~ncl~dl~g a reasonabfe attwney's fee and costs of abstracts of tittw, in~urred or paid at joy time 6y said MORIGAG:E, because w in Ihe event oi the failure on fha part of 1he said MORTGAGOR to duty, pro npNy and fu~ly perlor~», d~xha~ge. execute, e(fed, coa~plEte, comply wah and ab de by each and every ~he stip~Ia~~ons, agreements, tondihons, and coveranrs oi ;a,c: pro~~u~iory note and ~lus :r.orrgage any o~ e~ther, and sa:d costs, charyes and eaµeaies, each and every, shatt be immed~arclv du? and payab.e; whc~iher or not there be no~~ce dr mand, atrempt to co!lect oi suit pend~ng; and the full amoum of each and every suth payment ihall bea. interest from the date thereof umil pa~d a1 the r,v~~ oi nine per centum per ~~nnu:n; and all said costs, ci~a~ges and expenses irxurred or paid, tcgether w~th such ~nterest, shail be secur~d by ihe Iien of fhi~ . mortgage. 6. That (a) in the event of any breach of this Morigage or default on the part of the AlORTGAGOR, or ;b) in the event any of sa'd sums of money here~n referred ro be ~ot promp~ly a~d tplly paid wi~hin t~.ny ~30) days next afrer the same severatly becon,e dve and payab'e, wi~hovt dc+na~:d or nor~ce, cr ;c) in the event each and every the atipu!ations, agreemeros, cond~rio•~s and covenants of sa.d prom~ssory nqta ~nd fh,s mo~tgage a~~y or e~ther a~e nM +,~ly, promptly and fully performed, d:scharged, executed. effected, comp~eted, compl~ed wah end ab~ded Sy, then ie e:ther or any such eve~t the sa~d ag~ g~egate sum mennoned in said promissory note then remaining unpa~d, with interest accr~ed, and el! moneys secured he~eby, shatl bt~come due and pay- ao:e forthwi~h, or sherea!ter, at the option of said MORTGAGEE, as lully mxl comple!e~y as if all of the sa~d sums of money were or~gina~ly st~pu~ated ro be pa~d o~ s~th d~y, anything in sid prot~issory note u in this Mortgage to the con~rary nor,~vithstanding; and thereupon or theieafter at the cphon of sa:d ti1pRTGAGEE, w~thout noticr or demand, suif at !aw or irt tquity, therefore or thereaiter begun, may be prosecuted as 3f aU moneys secured hereby r~d matured pr~or to ~ts inst~tut~on. 7_ That in the event that at the beginning of or at any time pending any suit upon this Mcrtgage, or to foreclose it, or to reform it, o. to enforce paymeM of any daims hereunder; said MORTGAGEE shalt apply to the Cour1 haveng ~urisd.ction thereof for the ap~:o~mment of a Receiver, wch Co~rt shail forthwith appoint a rece~ver oi said mortgaged prooerty all and s~nguiar, i~ciu~i~ny a1~ ai~o a~„y..~ar a.... ;.:o!:ec• a^~ +.o.n wh.atPVer seurce de?ived, each and every of which, it being expressly understood, is hereby morrgaged as if speof~~atly set forrh•and descr;bed in rhe grantu~g and habendum clauses hereof, and svch Receiver shall have ali the broad and effective funce.ons and powers in anyw~se entrusted by a Cou~t to a Rec~iver, a:,d s~ch appointment shall be made by such Court as an admined equ~ty and a ma~ter of absolute r~gM to said MORTGAGEE, and vv~+hout reference to the ndeyvaq or inadequacy of the value of the property mortgaged o~ to the so:vency or inso+vency of said MORiGAGOR or the d_•te~,danfs, and rhat such re~,rs, profits, inco,ne, iswes and revenues shail be applied by such Rece~ver accord~ng to the tien or equity of sa~d MORTGAGEE a»d the prachce of such Co~rt. 8. To duly, promp~ly and fulty perform, disu~arqe, execute, effect, complete, comply w;1h and nbide by each and every the atipui~tions, agreements, conditions and ccvenants ~n sa~d promissory note and ~his mortgage srt fwth. 9. ?hat in the event the ownership of the mortgaged premises, ar any part thereof, becomes vested in a pe~wn other than the MORTGAGOR, the M,ORTGAGEE, its suctessors and assi9ns, may, without notice to the MORTGAOR, deai wrth such succtssor w successor in inferest w~th reference to th~s n~o~rgage and the deut hereby sewred in the same manne~ as wi~h Mortgagor withOu! in any way vit~atin9 Ar discharg~ng the ASortgagors' ~~ab~lity here- v~der or upon the debt hereby secvred. No sa:e oi the Fiemises hzreby mort~agrd and no iorbearan~e on the pan of Ihe f~!ORiGAGfE or its successors o: assigns and r.o extension of the time fo~ !he payment ot the deb: hercby sec~red g:ven by the MORTGAGEE or its a~ccessors or ass.gns, a1~all operate ro~eiease, d~scharge, mod~fy chsrge or affect the orig:~al liab~l:ty of the MORTGAGOR herein, eithrr in whole or i~ part. 10_ It is spec~ticaily agreed that time is of the esse~ce of tl;~s contract and that no w/iver of any obl~ye~~On hereunder or of the obligation se- cured hereby ~hell at any time thereafrer be held io be a waiver of the terms hereof or of tbe instrumem secu~ed hcrby. l t. In add t:on to the forego'ng montbfy paym~nts of p~int pal and interest tequ~red by the prom ysory notE ;ccu.ed her_b~, mortyago~ covenants d agrces to pay tu mortg~gee ~nith each monthiy pay~.~ent an add~rional sum esr~n;ated by mortgagee to be equai to 1_ 12 ot t;:~~ an:~ual cost of the foliow- , „3 : . ~ A-All real property laxes tevie~ or aszessed ag.a7•,st thc abQVe dev_~i5cd r_al es~ate.~ B--Pr~rT,~~~i~s on fire and windstorm insuracce as herein requ~red to be carried o~ the Smprweme~ts situate on tha above desu;bed prpm~ses. C-Fre~rn~ms on wch mortg=.ge g~aranty ir.sura~ :e as mo~tgagee shal! frorn t me fo t~~ne deem fit to carry on the loan sec~red he:eby. hlortgagee sha f frnm h~ne to time nonfy mo!igagor ~n v.riting of the amouot d~e and payabfe hereundar and such sc,.T+ sh;ii therz~f,on be due a,ad c.~.able ort the d~e da~e of ~he neat monthiy payn:ent and eath successve month thereaftar ur~tii mortgagee sha!I nosVfy mortg,~qor of a change in such ~ ounL Such wms sha ? f~e appiied by mortgagae toward the payment of reai property taxes, insurance prem,ums, and mortgage guaranty insurance n•emiums. IN 1'1JTpiE- ~YHFR.OF. ih ~d h\ORTGAGOR has hereunto set his hard and seal the day a year first a! said. S~ied, aled a de " er in the presence of: ~ ~ i~~ - ) Witnesscsfor William ~s~,~~ - Y ' Maxxell Judson..,d ~ dson ~~a~~ Lt ) Witnesses for Joyce A. o ` ~s~e,~ ' ~ ~ DUV6 SSeaq StaTE OF~qpRp~ iVew Jersey ~ u. '.JUNTY O~ ~S~@X- - - ~ eefar.m~,p.~.onsly ~~ea.~d Nilliant Maxl~tell Judsori r,~ . ~ h~, ty wtll known and known to mc to be ~h@ ' ~ and who executed rhe fwego~ny insfrument, and acknowledged before me that/fh~ executed the same for the purposes rhereill iupraastd. ~ _ w ' W~iNESS+hy hu~d,ind official seal thi day of ~P~mber A. D. 19?~ ~ ~ • at Nu ey, Ne~nr Jerse ~ ~ " ~ ; • Notary Public in and (or the $tate of ~t large ~"ATE OF ~Rlru~ New Jerse ~ Mv Comm~ssion cxp qei=•- Y ~ A,..s; ~i, ~:_f;~iJ ~~uHrr oF EsseX _ NoT~: . r _ < ::_;i :-^s-Y Joyce A. DOV6 i 8 HidOW N~y C~u:n~s.~at~ E.y.~~s h4.~:Ei i 1, i:71 ~ Before me personally appeared jfi~[ to m well k~own a~d known fo me to be ~na ;nd;vidu~ descr~bed in and who execured the foregoiny instwment, ~nd acknowlcdged before me that ~e, exccuted the same for the purposes ihr.e~n exp~esxd. r WITNESS my Fue~d and offK~al se+l this__ day of ~~m~r A. D. I9 s ~ ~ ~ at t.1ey, New Jer~e ,L~ ~ ~ ~ Q~~ : Nota~~ Pubiic in and-lor- tiw.Statr-~-~.~t larqe ? . - ~ . My Commission expires: Retum t,: - QN~2f G. PLATTS First Feder~l Savirys 3 Loan Associat~on • O+ Fort Pezce. . NOTArY FI::;L1~ OF NEY/ 3ERSEY ~ . Mlr Ccmmia:io, fxpir~~ IVAarch 14, ly7i r . . ~ =x ~~z~r35'~^x~- J~ +~:~xs~ ~ ~z~ - _ ~ _ + ~ r.~.- e~s,: