HomeMy WebLinkAbout1196 an~I s{~aII p~rfo?m, comp~y wifh aru~ abida 6y eac/~ an~ PI~Pf'y I~ie agreements, sflpu~niion's, rnnc~ifiont nnd
covenanfs thereuJ. and oJ Ihia mortnas~e, then Ihis mortgape and tl~e estate hereby creoted. :I~oll ceaae, de-
fp?mine an~I ~?e nuU aud void.
Tin~ fhe mortga~or hemby ~u~lher coi~enanls and agrees to pay promplly wl~en due Ihe principal and
inlernsl and othe~ sums o~ m.r~ey provi~cKl ~or in sattl note and ttiis mortgnge, or eiftier; to pay a~~ and
stngulor Ihe Ia.rps, assessments, levies, liabililies, o6lipafions, and encum6mnces oj every nalure on said pro-
pe~fv; fo ~ermif, commit o~ su~fer no u~nsfe, impairmenf o~ cleterioraflon o~ saicr ~and or fhe improvemenfa
Il~pre~n n1 any limp: to Irrpp fl~w bui~dings nou~ o~ {ie?rajt~r m~ ~a~d la~d /u~~y instacKl in a sum o) not ~esi
than NIL
in a company or compani~s occeptn~~e io Ihe morlflngee, f{~e {w~icy O~ E/OI1CIpJ fo be I~eItI '6y, ancl paynb~e
to, saic~ mortgagee, ancr in f/~e evenl any sum o~ money 6ecomes payab~e 6y nirlue o~ suc~ insurnnce f~e '
mortgagee shaU hane the ri~ht to rrceiue and apply t{~e same to the inde6tedness here6y.secured, acc~ounftng
fo tl~e mortga~or jo~ Qny surplus: to pa~~ alI costs, charges, and expenses, including Iawy~'s fees and ttt~e
searctips, rpusona~,~y incurrec~ or pai~ 6y I~eP morfgug~e tiecause o~ f~e fui~~ue o( the morlgagor to prompl~y
anc, ~u~~y comp~y u~i!/~ fhe a~reemenls, sfipu~aiions, conc~ifio~u and co~~enants o~ said note an~ 1{eis morfgage.
or eit~ier; !o per~o~m, comply u~itl~ and a61de 6y each and every ftie agreemenfs, slipu~qfioru, condifto?u and
covenants snl Jo~l}~ in said nofe and fhis morfgage or etthe?. ~n the euent ftie mortgagor (ai~ fo pay when
due any tnx, assessment, insurance prrmium or ol{~er sum of money payab~e ~?y vtrfue of said nofe antt fhis
morfgage, or eifJ~er. Ihe morf~ay~ may pay Ihe same, u~ilf~ouf u~niving or a~~ecting 1{~e opfion fo ~orec~ose
or anV otl~er. ri~I~t F~ereiincler, an~ all such payments shall bear intprrst jrom date f/~ereof at t1~e highest law-
'U~ ~Q~P Iti~n q~~Oll~C'l~ l)V ~~P ~qU~S OJ ~~P S~Q~p O~ F~OYl~O.
~L n?~y sum oJ mon~y ~iprein re~errn~ to he not prompl~y paicr within ~?1Tt)1 (30)days next after
IhP same becomps due, or i) eaci~ and PI~PIy i~P agreemenfs, stipulalions. condifions_ and coner+ants of said
notp and f{~is mo~tgaye, or eiftier, are nof ju~Iy per~ormed, complied wit1~ and a6~d~d 6y, then 1/~e entirp
sum mentionpd in snid note, and lhis mortgage, or tF~ e entire 6alance unpoid fhereon, shull /ort/~wi1h or
thereofter, al the option oJ 1he mortgagee. 6ecome and 6e due nnd pt~ya6le, anytbing in said note or herein
to Ihe conlmry nolu~ilhstan~ing_ Failure 6y rh~ mortgagee lo pxerc+se any o( the rig~ta or options ~erein
proni~~eJ s~~a~~ not consfilutp a wain~r o~ any rig~fs or opfions une{er sui~ nofe or f{~is mortgage acc~ued or
ttierea(I~r nc~•ruing.
~n ~~~~s ~~~Ot~ il~e said morigngor lins hprnunto signPtl ancl sealed fhnse presents the
cray ari~ y~ar ~i?st a~i~e ivrilten.
Signed. se d and del' ~ernd i~Ihc~ presence o~: y -
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~ STATE OF ~ NEW JERSEY )
~ c~L, ~TV ~F MERCER ~
~ I HEREBY CER?IFY that on this day, be(ore me, an
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q officer duly authoriz~d in the State aforcsaid and in the County a(oresaid to takr acknowledqments, personally appearcd
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FRANK L. SOOTT
~ to mi• known to Fx the prrson dexribed in and who executed th~ (or~qoinq instrument and Wh0 acknowledged
~ befor~ mc that he ~xccuted the same.
_ 1~I1:~ESS my hand and o(ficial stal in thc County and Stat~- last afor~said this llttl day o[
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~ ° ' A_ D. 19 74
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-3 . ,t i- • ~ ~ ~s~_ Y PUBL ~ JAMES
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~ C a•~ r ~z*,'._ KOTARY PUBLK OF kfW JERSEY
~ .a ll tr3 /•,5~~~'.. ~ Coeaaission E~i~t O~ceobr 3, 141a
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. FfLEO AKG P.FCJlipEO
~ St.IUCIC COUNTY F~A.
`4= . 't ~ ° ' • R~1GE° P~ITitAS
~ ` CLEP.K C'.P.F UIT COURT ~ ~
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