HomeMy WebLinkAbout1209 J. To pl~cy and continuously ke~p on fM bui!di~ps now a her~~ftK cituat~ on sald I~nd and o~ all equipn.em and p~rwnsily cove~ed by ~hii ma~g-
y~, with ~!I p~~miumi thaeon pa~d ~n full, lire insw~nc~ ie? tM usu~l statdard pol~cy form, in a sum approvsd by 1he MORiGAGEE, end windttorm
fnwrancs in rM uswi u~~dard pol,cy fwm, in a~um ~pprov~d by rM MORTGAGEE. ie ~ucA compa~y w compan~es ~s the MORTvAGEE may
dirtttj •nd all (ir~ and w+~+dstorm in~want~ polic»~ on a~y of uid build~npa, any int~~tst IMtrein o~ part lhercol, in 1h~ aq9reqa~e t~m alaefaid or
in ~xcess 1Aer~oi, ~hal! cont+;n tl» usual a~and~rd mar9+p~~ daus~ w s~rch orhsr d~uss a• tM Mwty~ may repu;r~, ma?inp ~M toss unde. sa~y pol~
c~es. ~acA a+d ew.y, pay~bM ro sa+d MORTGAGEE as itf in~~r~st may ~pp~ar, and each and ~~e+y ~uch po~~cy ihall p~ promptly asn ~ncd a~d det;vered ~o
~~y A~Id by s~id MOR(GAGEE ss funMr security ro said mort~y~ d~b~, and, nof ks~ ~ha~ ~sn (10! d~y~ in adwnce oi ~he expir~r~on of e~ch policy, ~o ds-
~~w? ro s~id MOitTGAGFE •.enewa! tl+trwf, 1oQNher whA a reteipl fa the premium of t~ch renewa?; and the~• shall be no f,~t ~r v„indaro~m i~turanc~
plsc~d on any of isid buiFdi~ps, any in~ersat thereu+ o~ part tM~eof, unku in rht form and w~~~ ~M ioas payabie u afae~~id; snd in tl,~ evem•eny ~um
of nqn~y pecon~s p~y~pl~ u~d~? wth paKy a pdK;n s~d 1µpqTGAGEf sMll haw tM optK+n to receive and apply ~Ix s~n,e on ~~coun~ of Me indrbfrd•
r+eu secured I~eby a q p~rm~t said INORTGAGORS ro ~ec~iw ad ust i1 p a~y part ~he;eof for ofher parposes. .vi~hovf th.~ao~ N•s~v~.,~ c. ~~,~p.,~~-
~r?p ~ny pu~ty, ~ie~ a~ph~ ~r~ or by virtw of tha morr9ape; ~+d i~ tM ~vent sa~d MORTGAGOQS sAali {or +ny reason fait ro keep ~he aa~d prem~se~ ~o
inaured. d fa;t b det~ve~ p?omptly any of iaid potKiea of ~niw+nt~ ro saw! MORTGAGEE. w fail prompNy to pay iully any prem~um ~herofw or in anr
rcapecf fail b pa~Fwrry d~uhar9e, e:ecut~, eifed, compkt~, compty weth u?d ab~ds by this covenant, a aoy part hereof, sa~d MORiG.1GEE msy p~~ce a~~tl
pav fa such irnu~a~ a~~y pa.t tMreoi wirhovt waivinp or •ff~ctF~p srry opt~on. l;en, equ~~y, a r~ph~ u~der o. by vi~~w oi ihts Ma~~gay~. ~nd ~he
full amount oi ~acA ~rd e.~ry such paymrm shall be imrnediately dw and payabls ~nd sMlt beu i~icre~t f~om tM da~• ihereof umil paed at the ror~ ol
~~ne pe~ centum pe? annum and toge~her with wch interese sh~ll be secwed by tF+~ ~ien oi ~A~f mortype.
1. To pKmit, comnu~ or suffer no wute, Gnpairmcnt w deteraratio~ of said property o? My pah thercof.
S. To pay •tt aod sirgul~r tIk rottR th~ry~s a+d eapenaes, includ~nq a reasonab)e ~no~ney's fee and costs o1 ab~trscts of tf?le. incu~red o~ pmd ~t
any time by sa~d MORTGAGfE, b~caus~ or i~ the event of tM fa'~lure on tFr part of the said MORiGAGOR to duly, p~on,prly snd futty pe~form, d~uharqe.
exrcure, etfec~, compkte, comply w~~A and ~b:de by exh and every the ~tipul~nons, a9.ccments, cond~trons, ar~d corenan» of sa;d pra,nssory note ar~d ~hts
;+~orrpape ~ny or eithsr. ~nd ~~d cotts, char9es and eapens~a. e+ch and ~ve.y. sMll be imr.~ed~dety due ~nd payablr: whe~he~ or nor the~e be no~~ce d~
mand, attempt to colled or wit pendirg; and the full amount of each ~~d every such paymenl ~hall bea+ iroeres~ ftom the dat~ tAtrcof u~tit pa~d ~r tht
rare oj n~r,e per cenrum per an~wm; ar+d a!1 sa7d cosfs, c?u~Qes ~nd expenxs irx~rred o? paid, tope~her w~th such ime~cst, sMll b~ sec~red by the I,en of th~a
mortp~' i
6. T)ut (a) in the ~vent of any broach oi Mis Mortgye or defauh on tht pan ot the MORTGAGOR, cr b~ ~n the event any of sa:d iums of money ~
hercin refcned ro be nor a.o~e~~ a~,d fut~y Pa;d wirAin ~hu~r l3p) d~ys nex~ at~er the same aeveral;y pKOme dve and payabt~. withou~ dem~nd pr notice.
o? in thc ev~ each ~nd ~wry tM s~ipulatwna, ~g~eernents, cond~t~a+s and cove~anrs of s~.d a,~~ssory rw~e a~~d ~h,s mor~ ~
P~ yaye any pr e~ther are nol
ivly, pranptly u~d f~ItY perfo?rrkd, d:schuQed, eaecuted, eitected, completed. compircd w~rh •nd ~b~ded Sy, the~ 'rn e~thr or any wcA evem fhe s~~d ~Q
g~e9~M sum mentioned i~ s~id ~pmissory ~ote the~ remai~ing unpa~d. with interest atcrued. and a~l aw~eya aetured hereby, iMl! become due and pey-
ab~c forthwi!h, O? tMlfN}1N. ~t the opt~on of said MORTGAGEE, as fully ~nd compkte~y as ii all of the s~.d sums oi meney were w~g~na~ty s+~pu~a~ed
to be ped an svch day. anyehiny in sa;d prom;ssory note a in fhia MortQage to the con~rary notw~thsiand~:g;'and ~hereupon o? thercaf~er at the op~~on o1
sa~d MORTGAGEE, wirhou~ notice w dema~d, suit at ?aw or in eq~ity, therefwe a ~hcreaiter kxgun, may be prosecuted as if all moneys secured hereby
ned matwed prwr ro~b iristitut~on.
7. That in th~ event that at the begi~n7rg oi or at any t7me pend;rg ~ny su~t upon this Mwtgagc, a to forectose it, or to refwm i?, or fo enfo.ce
paymcnt of any c!sims hereunde~. said MpRTG,4GEE shall appty to the Court Mv~ng ~u~~sd~c~~on thereof fa ~he appo~mmeN of a Receiver, w.h Covr~ shail
fo~rhwith ~ppoiM s rKeiver of said mort9a9ed prooerty a(~ u~d sinyuts., inctud~ng ait and s~ngurar rh~ income, prof~b, issue~ and rcvenues iran whateve~
s_;,~ce derivad, each and every of whKh, it bein9 expressly u~ders~ood, is hereby mongagcd as ~f spec,f~cally set fw~h and deicribed in the g.am~r.g and
habr!~dwn ci~uut hereof, ~nd such Receiver shall have •il the broad and e'.fective funcr~ons and powers in anyw~se emrustcd by a Cou.~ to a Recervcr, and
s:.ch appoinrmenr sha!! be made by such Cowt u an ~dmined eQu;ty and a maner of absolute right to sa~d MORTGAGEE, and withoul ~eference to the
adrquacy or inadeqwty of tAe vslw of the prope.ty mortQyed or to the sotvency a insotvency of said MORTGAGOR p the defenda~ts, a~d that such
renn, profin, ie+canc, iuues and rcvenues shall be appiied by such Receiver accordi~~ ro the lien or eqvity of said MORTGAGEE and ehe pracuce ot such
Court.
8. To duly, promp~}y and fvtly perform, discMrye, execute, effect, complete, comply wiih and ab~de by ~acfi and every the stipulations, agrcements.
cand~tion+ +nd covenanr~ ~n sa~d promissory not~ and thu mor~yage ut fwth.
i
4. That in the event tfie ownenhip of the mortpaged prcm~ses, or arty pa~t thcreof. becomea ve~ted }n ~ perwn othe? thsn ~he NtORTGAGOR, tho ~
~'.JRTGAGEE, iri succeuas a~+d au:gns, may, without no~ice to the MORTGAOR, deal with such succeuw or wccpsp in interesf wi~h reference to rh~s
To't9aye •nd the debt hereby secured i~ the same manner ~s with Mwtgsgor withoW in any way vit~a~irg or d~scharging the Mortgagori IiabiAty hcro- ~
.~~de, or upon the dc5f hercby secured. No sale o! the prcmiscs Aereby mortgaged and no forbearance on the put of ~he MORTGAGEE or its successora
o+ ass~9~s and no e~tens~on of fhe ~,mr }w the pa~ment of the deb~ hereby secured grve~ by the MORTGAGEE or in w~cessors or au~gro, .hall operata ~
~o rc~ease, d~xMr9e, mod~fy ci,ange o~ affect fhe org~nal fiab~trty of the MORIGAGOR herein, eithrr ;n whole a in part. ~
10. It is spec+fkatSy agreed that rime is of the esxnce of tF.is contrad and that oo waiver of any obl~gat~on hereu~r or ot the obligstio~ se-
c~red hereby sMlf at a~r time thereafter be hcld to be a waiver of the terms hereof a of the instrument setu?ed herby.
11. In add-tio~ to the forego:rg monthly payments of princ pal and interest requ+red by the promissory no~c secured hereby, mortgagor covena~ts
a^d agrees to pay to morrgagee vvirh each rtwrtthly payr<xnt an idd~r;onai avm tat+matetl by mor?g~gK to be eq~al to 1: 12 of the annua! cost of the foiiow-
~ ^g-
A-Atf real p~~rtp taies {~v;ed pr asseised sgaivt the ~bcve dexribed resl estate.
B-Pre~r~~ms on fire and windst~rm inwr~r,ce as he~e+n requ~red to be ca.ried on the ~mprovanents rtuate on the above descr~bed premises.
C-P~em~u~+s on such mortqaqe gwranty ;rtsurarde as mwrgagee sAatl from r;me to r;me deem fit to carry on the ban secured hereby.
Mortgagee sha?I 4rom t~rnc to t~rne nptify mwtysgor in wr;t~ng of the amount due and psysbie herevnder and suth sum shait thereupo~ be due and
:~.able on rhe d~e dare of ihe next rnonthiy payment and each successive month the~eaiter ur.til mwtgagee shalf nonfy mortgagor of a change in such
ount_ $~ch sums sha.'1 ~ ~pp:,~ by mortgagee toward ihe piymem of real property taaes, insurance {xem.ums, and rtwrtgaQe guarar.ty insurar.ce
o•emiurny.
IN WITNE55 WHFREOf, the said MpqTGAGOR hss hereu~to xt his hand acid seal the day a~d year fint afwesaid.
Sgned, Seakd and dalivtred in the presente of: ~
, - ~ , ~
- hon :azs a ~ ~
? cs~~o
_ , sie M. ~nsa a ~~n
y s-:.~E oF7~~~C ?;eu Jerse~
° ` ~ ss.
~ouHrr oF
~ eefwe n+e pK.«„uy,,~~ ..e Anther~y ::7:sar.a .nd
` :.'s1e ::nsana his w;fe, fo me well known and known to rne to b~
xhe individuals dewibed in ard who exetuted ths fwepoir~g instrumem. ~nd acknowiedped before me that they exccuted the same for the purposef
~he+ein expressed. Md the sa~d 51e =.nsar:a
or ,t?~ ..;d !~nthony ~..-isa.~a
e¦am~n~t~on b me teken se p~ upw+ • sepu~te and p~ivay
Y P+~~M u+d • rf from her ss;d Ix,sba~d. ~derw«leciped to ~r~d before me thaf ahe e,cecured uid i~at?ument freely and ratun-
r6„Ir and w~thovt a:+y compulsion, constraint. ~pprehens;on, w fear of or from Aer said hvsband.
W{TNESS my hand and offitial Nal thi~ IG day of- "e+~~a~'
~ A. D.
~
- awr"~?' :•r-.,,~.- J~ ~ZA:(~C.6(.~J /~~-/[~c~' ~v
• No~blic in ~nd i t Su~e of f~widr ~J~ i
~ ° , My Comm.ssion ~zperes: ~I~ , ~:'"`~'li~
~ l • ~ . ` /~/i~~~ ~~r.
F~nt F.a.~.~ ~ t,~ -,~.,~.e;a,. ,~~3~ ~js- . ' ' 3r~ '
1~,«.: .
Fw# ~'~p'oezibrida - /~l~~j ~ -
_ _ = ~ :C~
~ I ~ . . t~r . ~ • .
,::.y :
~t`~'
This Ins!c~ Prepsrld 8y ~zchard K. Kayes
Firsf Fedetal ~i ~ I~ 'loan A~ssociation '~j~='i;
fai ~P''+eroe~ `~].orid 3 _ .
~ UR
~h~k~ By a~ 190 i~Q6
~
_ 1
~ _ ~
. . ~ . . ~
. - z _ ~ f