HomeMy WebLinkAbout2957 MORTGAGS DEED - Page Zt~vo
its legal representatives, successors and assigns, the swns of
money herein mentioned, and the interest thereon as it ahall become
due, together with all costs, charges and expenses, includinq.ab-
stract fees and a reasonable attorney's fee which the Mortqaqee
may incur or be put to in col2ecting the same by foreclosure, or
otherwise, said indebtedness being generally described as follows:
Note dated April 1973 in the amount of $4 , 000 ,000 .00 ,
given by Lucille V. Costa and George A. Costa to New Jersey
Realty Mortqage Company due one (1) year from date with
intezes.t at a rate of three and one-half percent (3-1/2$)
above the prime rate charged New Jersey Realty Mortgage Com-
pany by Fidelity Union Trust Company, interest payable
month ly .
The aforesaid Promissory note fo= which this Mortgage is secu
rity was executed and delivered in the State of New Jersey on the
same date hereof and is retained in the State of New Jersey.
AND said Mortgagor, for herself and her heirs, legal repre-
sentatives or assigns, jointly and severally covenants and agrees
to and with the Mortqagee, and its successors and assigns, that at
the time of ensealing and delivery of these presents she is well
seized of said premises in fee simple, and has good right, full
pawer and lawful authority to grant, bargain and sell the same in
manner and form aforesaid; that the same are free and clear of all
liens and encumbrances whatsoever and that she will forever protect
and defend the same against all lawful~claims, and that she hereby
fully warrants the title to said premises and will defend the same
against the lawful clai.ms of all persons whomsoever; that she will
permit, commit or suffer no waste, impairment or deterioration of
said premises, and will keep the buildings and improvements located ~
thereon in as good condition as they are naw, and in the event of
damage to or destruction of any of said buildings, to repair, or
replace the same forthwith and immediately in as good condition and
of the same character of constr~c~ion as they naw are, and to keep
all fruit trees, citrus trees and shrubbery that are naw or may here-
after be located upon said premi.ses, properly and skillfully pruned,
fertilized, watered, sprayed, cultivated and protected, it being
specifically stipulated and agreed that the failure and neglect so
to do will constitute waste; and will do or permit to be done to
said premises nothing that may in any way impair or weaken the
; security under this mortgage; that she will pay unto the Mortgagee,
its successors and assigns the said promissory note and the interest
j on the same as it or they shall become due and payable, past due
~ interest to bear interest at the rate of eight (8) per cent per
annwm from its due date until paid, together with all costs, abstract
i fees and expenses, including attorney's fees, which the said Mort-
; gagee, its successors and assigns may be put to or incur in collect-
; ing the same by foreclosure or otherwise; that the said Mortgagor
; will in due season pay all taxes, assessments and charges which .
; may be levied upon the said property until the indebtedness aforesaid
shall be paid, and that the said Mortgagor, her heirs, legal representa-
; tives or assigns, will promptly satisfy, pay and discharge any_
and all mechanic's and material-men's liens, and any and all other
! liens and any and all judgments which may become liens and charges
` upon the premises above described, and will keep all buildings
~ that may at any time be on said premises dti=ing the continuance
: of said indebtedness, in good and first-class state of repair, and
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