HomeMy WebLinkAbout1988 nrtc~ tha~~ pe~wm. comply with and a6ide 6y ~acl~ and ~~ery fI?t apn~en~nb. dlpu~afioria. oondtttona and
rn~~enants t{~ertoJ, nnd o~ tkia rno?tga~t. Il~en Ihta mort9oe• and th~ ~ata~• he.,.6r cYealed, shau c~as~, d~-
te~n?tne and 6s nuI! ond ~otd.
~ 1hA mortga9or h~re6y (urther cownantt an~! agroa to pay promptly wkan dw th~ p~inNpa! and
ir~teres! und olher suns o~ money providec~ ~o~ in satd note and !h4 mortgag~, or ~1f~K; ta ~pny au on~ .
aingu~ar f1~e taxet, assestments. lenies, ~tabi~itiei. ofi~igattoru. and oncum~ronoes o~ ~wrp natun on ~atd pro-
perty; to pe?mit, rnn~mit o~ su~f
er ~o waste. impairment or c~eteriorotion o~ sal~ ~artd or f~ i~nprowmentt
t~Freo~ at any ttme: !o ~raep fhe but~ings now or hereu~ler on ,atd lw~d (ully i~surocl tn a ium o( no! ~esa
ehan highest insurahle value
in a rnmpany o~ compan[ea acceptable to Ike mortgnges, ths pollcp or poltcle+ to 6. I~eW by, ~d ~yabl.
to, said morfgagee. anc~ in fhe euent any sum ol money 6ecnmet ~.ya6b 6y vlrfue bf suc~ insuranc~ t~t
mwtgagee skaU I~ave fhe ~tght to receive nnd apply Ilie aame to the inde6tednwa I~enby s~cured. acc~ounting
to the mortgaflor ~or any aurp~us: to pay a~~ eosts. c~arges. and expensea. inc~uding ~aw~rer i jees and tlt~
searches. ?easona6ly tncumec! or patd 6y 1ke mortgagee becnuae of t~e ~ni~ure of tl~e mortgagor !o prompf~y
nnc~ ~ully comply with t~e agreemenls, atipu~aliona. oo.~dteto.~, ~d ~o~nant, o~ s~d .wa ~d eha more9~..
or eifker; to pe~o?m, ~~ly wtel~ ~d ab~de by ~6 w~d every the agroementi. atipu~ttons. coru~ttio~s nn~I
covenanis set ~ort~ tn said nots and tkts mo?tgage or either. /n the enent tl~e mortgagor ~ni~s to pnr w~en
due uny tax, assessment, insurance premium or othe~ sum oj monep pnyable by ~irlue o~ iatd note and tl~ta
mortgage, or eit~er. fl~e mortgagee may nay ~I~e rame, u~it~out watving or n~~ecting l1~e optton to ~orec~ore
or any of{~~ tight ~en?under, and alE such pnq~nenb shnU bea~ interest ~rom dale l~tereo~ nt the {~ighest ~au~-
(uI mte then otlow~l 6y ~hg luu~s o/ tbe Slate oJ F[o~tda.
~l any sum o~ money herein reFe?red to be not prompi~y pnid within 1 S dnys next a(t~r
t/~e same bec~omes due, or ij eacl? and every the agreemenb, stlpu~nttons, con~/illons and eoUenanb oj snid
nofe and t/~is morlgage, or eit~er, are not f
u~~y perJorniec~, rnmp~isd wit~ nnd abtded 6y. t~en t~e entire
sum menlioned in saicl note, and f~ia mortgage, or t~e entire balnnoe unpaid theneon. s~au fort~wifh or
therea/ter, at t6e opeion oj t1~e mortgag'ee. become and 6e due and pnynble, anrtk~ng in said note or heretn
to the contrnry notwl~hslanding. Failure by tl~e morlgngee to exercise nny of t~e rig~tt or opNons herefn
pro~itlec~ shal! noe conslitufe a waiver o~ any rig~ts or opftons under said note o? t~it mortgage arcrued or
t~erea~[er accruing.
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~n ~IL~~ ~ 1he said mortgagor has I~ereunto signed nnd sealed tkese presenls the
day and yenr (irst aboue written.
SFgned, sealed and deliaered in ll~e presence o/:
~ ~ ,
----......~~.Cx~-~:._.------~~-C:~-----------•------------------ - ----•-•-----•--•-----G~'-~CJ`:fl'__ .
~ iAR1 SHaTT ~ ~ ~
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_ Rn AL I E HATTO
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NF.W JERSEY
i sT~~ oF ~K~ilbx, ~
courrrir oF ?
I HEItEBY CERTIFY that oo t!?is day. before me. an
officer duly authorized in the Sute aforeuid and in the County aforcsaid to n1~e acknowkdgments. penonally appeared
~ HARVF:Y SHATTO and ROSAI.IF. SHATTO, husband and wife
` to mc known to be the penon g dexn'bed in and who executed the (oregoing instrument apa thev acknowkdsed
~ beforc me that thev ~xKUted t6e same. ~
i! ~h'I NESS my hand and of(icial seal in the County and State last aforesaid this L~- ~ day ot
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