HomeMy WebLinkAbout0091 3. To p:ace an~ conr~nuous,y keep on rne L~~'d<<~gs no~ or hereafre~ s+tuete on sa~d ~and and e~ all equipment and pe~sonaliy covered by this mor
~ge, w rh e~l prr:;.~.,~~u ~E~_~eon E~~ J~~ full, hre ir.su~ance :n mr usuai stanoa~d po ~cy fonn, in a sum aHpro~ed by t`~a h1Ok~:,AGEE, and w~ndato
~ curancr ~n the vs~al s+ar.d.~~d pa ty io~m, in a sum rpprovtd by ~he MORTGAGEE, in wth co:npdny or to~npan,es as the h10RTGAGEE m
:i rccr; and a~l fve a:~,d wmds~orm ~nsu+ance ~o~~Ges on any of sa~d buitd.ngs, a~y interest tha~ein or pa~t thrreof, in the aggregate sum aforesaid j
excrss ~hrreof, s~~a~I cont.,~n ihe usvat s~a~~da~d n:oitgager uause or such othe~ dause as the Mo~tyagee may requ:ro, maling fhe ~oss under sa~d po ~
c:~s. cach a~~d e.ery, pa,~5'e to sald ~tpRiG4GEE as ~n interest may appear, and eath and e~ery such po~~cy •hall be prompuy assgnrd a~~d de:~~e~ed ~
-n, i~<ld hy sa.d AtORiGA;,Ef as fwrnar scwrrty ~o ia~d mor~gage debr, and, not less than ten (:01 days in ad.ance of the expnahon of each po'~cy, to o.
~er to so~cf ::.~.x: ;.-`.~E' a renrv:al thz~eof, together wuh a rece:pt for the p~amium of such renewal; and there shall be no i~re or windstu~m insuranc
~'~ced on any of sa~d 5..i'd~•~gs, any ~nrerest there~n or pe~i +i~e~evi, ~ni~» ~n tiie iorm end wnh the loss payab.e as afc.esaid; and in the eveN any sun
o~ ma~~?r beco~~~es payab!e ~ndrr such policy or pol~cies sa~d MORTGAGEE shall have the op~~on to rece~ve and apply fhe ~an~e on account of the indebtrd
;.•~ss sr:~r~•d her~by or ~o per~n~~ sa~d MORTGAGORS to recrive and ~se it or any par~ the:cof for o:ncr c~r: osrs, ~f.:t;+o.:t ih ~v~~+~ ~7 ""P°''
.~y anY eq~.ry, I en or nght under or by virwe of tnis mc:~gage; and in the event sa~d MORTG~GORS shafl !o~ a~y rrason fai~ to ke-ep ihe sa~d premisrs so
•~s~red, o~ fo~l to da ~.er pron,ptly any of sa~d po~~<ies of ~nsurance to sa~d h10RiGAGEE, o~ fa~1 p:omptly to pay fult~ any pre~~t~~m thereiw or in a~y
rasF~cu fail to perfur~., d:uha+ye, execu~e, effeU, con,p!eir, co^~ply wi~h and ab~de by this covrn~nr, or any p~rt hr+eoi, sa~d MGRTG:.GEE maY p~ace a~~d
iur s,,ch ~nsur..nce or any part thereof vv~~ho~t waiv~ng or affecting any opnon, Iien, eqv~ty, or nght w~de~ or by v~rtue oi thia Mortgage, and the
~~novn~ of each and e.ery wch payment shail be immed~ately due and payable and shail brar imerest from the date thereof until pa~d at the raie of
e Far ~.r~u:n rPr ~r~w.,: ~~:d ro~~-th~•r ~nieh such mtar~•st shai+ be s~~currd by the Gen of this mortgage.
d. To permir, co~m~t or suffer no waste, impairment a deterionti~n oi said property or any part ihereoF.
5. To pay a11 and s~ngutar the costs, charges and expenses, ]ndud~ng a reasonable atrorney's fee and costs of abstracts of title, incu~red or peid at
t~n.e by a~~d MCRfGAG`E, because w in the eve~~ 04 the fe:~vro o~ ~he part of ~ha said 610RTC'>AGOR ~o duty, pranpNy snd fully perfotm, d~uFwrge }
.,.:cvt~, effec+, cempiete, comply wnh and a6.de by each and evety the stipviat~ons, agreements, co~ditions, and tovenants of sa~d piom~ssory note and this ;
:.~fyoge any er r:~h^r, a~:d s_ ~ ccs's, chargea and eapenses, exh and every, shall be immed~ately due and payab:e; whether or not the~e be not~ce dt ?
3tte ~-pt to co!.rct or s~it pe~~d.r.g; end thz iuN a~nount of each and every suth paymem shalt bea. imrrest trom the dale th?reof until paid at the
• r= e= ~,..~e cer c~nr~.,~ ; er a.~~ =:~d ali sa~d costs, cnarges a=~d cxpe~~ses ~nc~rred or paid, together ~v~th auth interest, shall be secured by tFx I~eo of thl~
~~orrg~ge.
6. ihat (a) ~n fhe evrnt oi any breach of this Noitgage ot default on tFK part of the ."ltORTGAGOR, or ~b) in tha evenl •ny o( sa:d tums of money ~
t~~~ein rePer~~d io L>c' ::Ot ~rOn~t};y and fully pa~d w~th~n th:rry ~3J; dars nex~ atT~r the sa~»e se~era:ty beco~:e due and payabte, without demand o~ notice.
; r,c) in ~he erent each and every ~he s~ip~~atiorts, agreements. cond~r~ons and covenants of sa d promissory note and th~s mortgage any p e~the~ are no1
p•o~,-~:Ny and f~::y ;erformed, d s:ha~ged, executed, effeaed, comp:eted, canp6ed w~th a~d ab~ded 5y, then in e~ther p any such svent the sald ag
J~_~.a•c s;.-n rrrrnt~oned in sa~d pron~~ssory note then remaining unpa~d, w~rh ~+iterr>t accrued, and aIl monrys sec~red fiereby, shafl becume due and pay
e te~~h,o~~h. c~ ~~:ereaftcr, at tha cpT~on of sa~d MORTGAGEf, as f~ity and con:p:ete~y as if all of the sa~d wms of mo~ey were wig~nally st~pulated ~
: 3 c~~ s~.,ch d_~, an~t'.ing in sad pro:n~aso~y note or in ~I~~s Mortgagr to the co~~!~ary notwnhstand:ng; and thereupon or thrreafter at the op~~on of ~
i?4',p~T„avEt. v.:!~.:~r r.o~:ce or de~nand, su~t at law w in equ~ty, there(ore w therea:te~ begun, may be prosec~red as if all moneys secured hereby
' .~7 ::.s!u:c:f C! (O it5 ~+1SIi!V:~Jn. ~
7. !h~• t~e e.e~:t Thar at tF.e begenn~ig of or at any time pend~ng any suit upon rhis Mortg~e, or to foredose it, or to reform it, oi to enforce
,,.^•~~~t cf ac; c,. ,s h~••e~ •d:.. sa~d AtJRTG:+GEE sha:l apply to the Court having ~unslcr:en !he~ecf for the appo~ntment of a Receiver, svch Co~rt sha~i ~
^ r. a; ~ e~~r ~ r<ce~.er o~ sjid r.•ortgagvd prope~ty alt and singular, incivd~~g ait and s~~~g.,~ar fhe ~~co•»e, prof~ts, ~sfves acd revenues from whetever ,
. c-u, e~.:l e.cry of ,nh..h, be~ng express'y undervood, n hereby morrgayrd as ~4 sF~ec.f~taicy set iorth and destritxd m tbe grannng and ?
, r..c ses ~~.~r_of, a• d s~ch Rece+~er sha~~ have a1i the broad and e4fect~ve fu~ct o~~s ard pov.ers in any+n•~se emrusted by a Court to a Retriver, a~~d
3~ no~~••:~•_ s' br ede b; wch Coo~t as an adnutted eq~ity a~~d a matrer ef abso;~te r~gh~ te sa~d h10RTGAGEE, artd w~7hout re~erence to the
cy o' ~~d<<- oj Y~r va'~e of the pro{:erty mO~Tgaged o! to ~he so.vency or ~r.~ci:cncy O( sa.d MORiGAVOR Ot the defendant3, end Ihat Svth
••s ~:oi.•s. r.r. :s;,,~_s ar,d r~•~er:,.es sna~i be app:~ed by s~ch Recerver accurd;ng :o the iien or eqwty of sa~d ~dORTGAGEE and the p~aU~ce of such ;
~rt. S
8 T~ u_~'r, ~-v~• : r'y 3~,3 ivl!y pe•fo~~.~, d~s;harg~, exec~te, e~fect, comµiete, cort~pir with and abide by each and every the itipulations, agreemeMS. ~
. .J.r~:-.s ~~•:i :_.~•:~ar•rs ~,~.d pro-~,sixy no•e ar.d ms m~rt~age sef iorrh.
~ 9?^~t ~ne e:~~~t '~e onne•~h,n of the mor~gaged prem~ses. o~ any part thereof, becomes vested in a pe~wn other than ths MORTGAGOR, the
:'RT~•,.:;:. ,~s s.::ns~~s ~~.d ac~?~.s. may, ..~rF~~~r nence to the N.OQTGaOR deai w~rh wch wccessa or s~ccessw :n ~roerest w~rh refere~ce to th~s
~:+3c a-J c o-o~ s~•cured in the sa~.^.e ms~~ncr as w,~h tltorrgago~ w~thout in any way vitiating or d~schargir.g the Mortgagors' liabitity he~o-
'I
c~ ..on r^~ c! _.__..,~_d No s3r cf fhe F~e-~~;fes h=reby mc~tgaqed a~d no fo-6eara~ue cn ~he pan cf !he /~10RTGAGEE w irs successors
o, ;•.s 3•;, .,,r~, ; .,t ~~e ior the pa~~~e~t of the deb~ he•eL~y secured g~ven by the }M1ORSGAGEE o~ its successors or ass:gns, sl~ali operate
~ _ re`_ ,;a, d s:ha~ge, ~.:d•~, a~~~e cr atfect the or~~~nal Gao.t~ty of tne h':GRTGAGOR he~em, either in whole or in part.
j 1 ~ !t :s s-• f. c~r,•d fr,j~ i~•,~e ~s of tF~e essr: :e ef fh~s ca>>~acr and thet no waiver of any ob;;gat~on hereunder or of 1he obligat~on se-
~ •_d !:~_+cc~ s•a a~ e•:~ t~-_ ti~crra+'er Le 6c'd to be a wo~Yer of rhe term.s he.eof or o4 the ~~utrumeM secwed herby. ~
{ ~ , t.v^:!'y pa::r~~n~s of ~;•i':c:~j' and ~n;r.cst re7~~red Cy the prpmssc.ty no-c s:.u•rd hereu~, mo:tgagor covenanta
~ ..~_i .+s1 a,.a,rc .ti,rF~ ee.. .:,~.:+h-~ ~,aJ~ ~e~•t an a~..~.•~cnal sum ey•.~.et~d b~ mo'ty~gee to De equai to 1 12 of th~ annual ~na! ~f tM fpiiOw-
~ . . ~_.a~: .'GC"''~ 13.~ `5 ~a"~~C.''. 01 d15255C0 dC.a~'1S: 1Flc a~~ve dtSG~~Sfd f~-J~ eS~et?.
~ _ F s~ .~"~i :is'e~ . s~-•a-:c ~s iu i+n r: q,. •ed to be ca~ntd e~~ thr .~~~~:rov~•ne ~ts s tua!e en tne abo~•e d=saibed premises.
~ . Cr< s o, .,n r~.o ~,ge g~a ~~ty ~rsu•a~ :e as mo•rgngee shall fro:r t.mr to nme deem fit to ta+ry on the loan secured hereby.
o; c}u t:^ e^c~ i, morr~,:gc* ,n ,n,r~t~ng of tne a~. o.r~t d~e a~d pa.rabte hereundrr and such so:n shalt thrreupon be due and
a• d esch s~ccess~.e -*:o•~ch •=.ereaft_-. u~ ti: mc~tgagee sh~!t not;fy mo~tgagor of a change in such
3 . ' _ - . _ . - . . ~ i , r. . ..^.!h. ~ ~::i ~~.~t .
~ s_ s~ ,':;-:<d•cy :ncrry,~.,-r to.~a-d rhe pay~~ent of reai p.ope~ry ta¦es. insura•ece pre:r..u•r,s, a*d mortgage g~aranty insuronce ,
~ n s . ;
i i'+ :::?".`_~5 : H~ R:i~~. r~.e sa d 4iORTGAv'.~,R has here~^to set his ha~~d and s~•ai the day a~d ~ar firsl a4o~esaid. ~
gned. e~ed a~.d de'l.er*d in the presence of: ~
~ ~ -~.L~J ~ ~l .~C.~ ~-sL~ (Se~l)
; ~ . : ~ J hn !V . DeTore
4---- - t5eaq I
~ r~c.c~. - -Ci - . ~ G c~ - ' Seal) i
~ _ _ - - - - - _ t~ IT~IESS : race M. De ore tsra~~ i
~ - ~
~ fl~ n~,s,~~iew Jersey~
~ u.
~ ;':TY OF __!l_ u ~~~'21. - - ~
~ 8~•'cre ~e per:o~~a:iy aape~rcd `IO~lfl V• De?ore _ .,,d
.~1'aCe ,t• DE'TOY@ _ h~s w~fe, to me well know~ and kr.own fo r»e to be
~i - - _ -
~ ~ ,::i ,~•~,;e s d•:scr.~ed ar.d who e~e..,ted the forrgang instrument, and acknowledged before me that they executed the same far the purposes
•e;n exprrssed And ?he said - GtaC@ ~TOZ6 -
~
u : oF +^r s, _.19~1I1 1yi_~B~Q~_.------- upon a separat~ ~nd p~iv~t~
~ .,:y ~r. t~ ~ e t:.~•n ae;;e•ete and aF:art lrorr. her se~d husband, acknowltdged to and txfo~t me thaf she exetutrd said i~itrument freely and volurt-
e.d +.,}~~o.,r a~~ c;-.H~,:s~o~, constra+nt, apprehens•on. qc fesr af w fr~n her said h~sband. _
~ .c" November ~ 71
7 ~~:~`.;tc h~~ ;f a~d o'~:c a! aea! th:i _ sl--- - dey of-------------------- /E D. 19--_.
i~lEO AMO aEGJRDE~ - 'z ~
Sj. lu~1E LO~ TIIAS ` ~ Myta mm is on exp res~ ,$ES~TY ~~.^~"t' `
Rr•~,'n ic- R~~i~R ~0
' CLERK G1RCU~? COUQT 1' r:OTAkY ?~P,LlC Ot tvEW 3ERSEY ,
: c..:: _,s a ~o,:, :.ss:;_,~~ qtF1ED~i
- IIECORD YE ti !.1y c~;;mm;ss~o~t Fxpa~sFeb. V, i97_~1
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, HoY 10 I~ 22 PN'1I ~ ~ _
e
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Tt, : I~s'.r:,~-~ent Prepared By :tim. 3. Bratul ~ ~
; F:rst Fe:f•,ra! Sav:r,gs & loan A~sp-~at#on ~ ~
' 04 Forr P~e~ce r oz cta? ~
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1~~ PACF 91 ~
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