HomeMy WebLinkAbout0402 ~•IOR`l'GAG~ v~,:?.D - Page Z~ro -
i*9 l~qal reprpsentatives, successors an3 asa~qns, the sur~s of
::onay iz~rein :a~ntionad, an~i the ia~areat ~`~ereon as it shall become
dze, ~ toge~~ar cvit'~ all costs, charges and expenses, including ab-
s:~act ~ees snd a raasonable attornay's faa :vhicn the :-ior~gag~a
::ay incur ~r be ~ut to in collectinq the ~a:ae ay foreclosure, or
ot..~~rwiye, ~ai3 ind2'ot~r_ass aeiag genarally dascribed as follows :
Note dated November 1973, in the amount of $200,000.00,
given by Lucille V. Costa arid George A. Costa to New Jersey ~.a
Realty Mortgage Company due on Apri1=~-- --~974, with interest .~,2
at a rate of three and one-half percent-Z3-1/2$) above the '
prime rate charged New Jersey Realty Mortgage Company by ~
Fidelity Union Trust Company, interest payable monthly. U~ ~
- T:~e aforesaid Promi~sory note for which tnis ~lortqaqe is secu
ri4~ ~.:~~~~-a ad~:•,eYp.~ }he ~t~at~ nf a7ew Jersey bn the
same date iizreof and is retained in the State of ~ew Jersey.
~~D said :~ortqagor, f~r :~ersel~ and ;~er h~irs, legal repre-
:~antatives or a3sig^.s, jointly an~l ~everally covenants and agrees
to and ~~it~ the ~lortgagee, and it.g successors and assigns, t}iat at
ths ti..ne of ens~aling and deliverf of these presents sne is well
~eized of said premises in fee siraple, and has good ~ight, full
~ower and lawful authority-~to grant, ~argain and sell the same in
r.sannzr and fors? aforesaid; that t'ria sa:-ne are free and r.lear of all
liens and ancuawrances wnatsoever and that ~he will forever protect
and deFend the sa..-~e against a21 Za•a~ul claims , and that she her~by
fulyy warra:t~s t:ns title t~ said Dr~^use3 anc3 wi:.l defend the sar~Q
' a~ainst the la~aful clai-~s of ~11 ~ersons whor~scev~r; that she will
ger.-~it, ccs:~.m.it or saff~r r.o °~+ast~, ~:n~air:a=~nt or deterioration of
sail pr~is2s, ar_d will :cee~ t:Ze ~uild~::gs :~nd i:~~rove~nents located
t~'~ereon in as gooci condition as t:~ey ar~ no~~, and in the event of
da.:~age to or destruction of any of said ~uildings, to repair, or
reolace the sa.-ne for:hwith and i~z:ie3iatzly in as good condition and
of t~ne 9ame character of construction as t:zey r.aw are, and to keep
all fruit t:ees, citrus tr~es and shiL2~JDL~~ that are now ar may here-
arter be located upon said premise~, properly and skillfully pruned,
fert;2ized, watered, sprayed, cultivated and protected, it being
specifically sti~ulated and agre~d that the failure and neglect so •
to do will constitute waste; and will do or per.ni~t to be dor.e to
said prenises notning tiiat :nay in any ~aay i:~oair or wea:cen tne
security under this raortgage; that she will pay unto the ~iortgagee,
its succ~ssors and assigns the sai3 proTissory note and the fnterest
on ti~e same as it or t~ey s:~all beco:i~e due and paya~Ze, past due
~ntzrest to bear interest at the rate of Pight (8) per cent per
f ~nnum ;:rom its dus :3ate until paid, together with all costs, anstract
` f~es aZd e:cpenses, incluc:inq attorney's fe~s, ~r'r.ich the said _~tort-
gagee, its successo=s ar.d assigns ~:ay be put to or incur in colleCt-
ing t:~e same ~y ~or2clos;zre o~ otn?r.,risz; tnat t_^.e gaid :-lortgaqor
will in c~;ze s2ason pay all taxes , assessrients and c:zarges ~hic`~
r.~,ay ae leviad ~spon the 5d2:3 proFsrty until the ind~tedness aforesaid
shall :,e ~aid, 3nd that tne ~ai1 :-!ort_qayor, ~ier hei~rs, Iegal representa-
tives or assigns, will pro~otly satisfy, oay an~ discnarge any
and ail :~ecnanic's and :-~aterial-~en's liens, and any and all other
liens an:i aay ana a22 juctq-:ien*s whic:~ ::a,~ ~eco~a 1.~.~ns and charges
upon t~~e premisas a'r~ove ~~scribeci, a~d :vill keep all b~ildings
t`~at r.~ay at any ti~:e be on sai~ pre;nises during the continuance
of said indebtedness, in ~ood and first-c2as3 state of repair, and
~aQ~ zzs F~~~ 4oz
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