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6_ Ttut (a) 1n the event of any breach ot thia mortgage or detault on the p:?rt ot the I?fortgagor, ot lbl tn
the event any of said aums ot money herein reterrcd to be not promptly and tully paid withia ten dsy~ next _
after che same aeverally become due and payable, without demand or not?ce, or ~c) in the event each snd every
the st~pulationa. a8reements, conditione and ~wvenants oi a~ud prom~sso~ y note and th~a mort~age. any or etther.
are not duly. promptly snd tully pertormed. discharged. executed, eftected. completed, complied with and abfded
by, then, in e~ther or any such event. the saiJ aggregate sum m~ ncioned u? sa~d promissory note then temaining
unpaid. with int~re~t accrued, and aU moneys secured h~reby. ahall become dua and pa~able forthwith. or thero-
atter, at tt~e opUon of said 1?iortgagee, as fully and completely aa it all oi the sa~d sums oi money were orlginslly
stipulated to be paid on such day, anything in said promissory oote, and!or in thia mortgage to ths contrary not-
withstanding• and thereupon or thereafter at the option ot said 1~Iortgagee. ~~ithout notice or demend. eult st
lsw or in equlty. theretofore. or thereafter begun, may be prosecuted as it all moneya secured hereby had matured
prior to its instituUoa
7. Tl~st in the event that at the beSinnin8 of or at any tlme pending any auit upon this mortgage. or to
forecloae i~~ oc W~fo~ it~ and/or to enforce payment ot any clain'?s hereunder. said Mortgsgee stiall ~pp1y
to the court having jurisdictton thereof for the appantment ot a Receiver, auch court ahall forthwith aPpoint
a Receiver of aa[d mortgsged pmpertY all and singular. including all and si~gular the rents. tncome~ profib.
ieaues and revenuea irom whataver aource deri~~ed, each and ~ every ot ~vhich, it being expressly underatood. 1~
hereby mortgaged ss if apecifically set forth and descrit,ed in the granting and habendum clauses hereof. and
eueh Receiver shall have all the broad and etfective functions and ~w~~•ers in anywise entruated by a court
to a Recelver. and such_ appolntment ahall be made by auch court as an admitted equity and a mattes ot ab-
soluta right to said Mortgagee, and without reterence to the adequacy or inadequacy oi the value o! ths prop-
esty mortgaged or to the aolvency or insolvency ot eaid Mortgagor and/or of the defendants. snd that auch
rents, pmflta. income, is~ues and re~ enuea ahall be applted by such Receiver ucording to the lien aadJor equity
oi said Mortgagee and tha pracuce oi such court.
i
above descr itional loans or future advances made within twenty years from date hereof by the
mortgagee to said mortga uccessor in title oi said mortgagors of the pmperty hereby conveyed;
provided lhat the total unpaid balance o ' ness secured hereby at any one Ume shall not exceed
the maximum principal amount of - _ _ . . . _ . _ Dollars
. _
_
plus interest thereon and any disbursements m . rt agee or t e pay-
ment of taxes, levies or insurance on the property encumbered hereby, with interest on s ents.
IN WiTNEgg WHERFOF, the said Mosigagor ha~ executed this mortgage under seal on the day and year
herein lirst above M?rlttea.
gigaed, seal d elivered in the presence of:
~~a111i ~ ~.~t.e-.~ ~ - ~~-~e
-~r~ - Ellen E. Dean
>
STATE OF...~.~-~S~-iI~+RSEY
COUNTY OF---___UA~.011...._.._._..---•---- -
Belon me persoaally aPPeared.._.._.... E.~..Fi.?..~~_...~
~
;
. ~i1~ ,
~
~ Lo me well kno~vn and known to r!'le to t~e the individual described in an8 who executed th~ f~~Y°!c -
ment, and acknowledged before me that +~.-he-.-. executed the same tor the purposes therein d~~essdd- ; ,'yi,. `
, .
. . •
~ . . '
s A.,~~ 19' . .
~ ~.~..da oL._.. ~e s
~ WITNESS my 1?aad and ofriciei eeal this_....---.._... Y --~'F~+-~' - -
~ ' .
~ . . ~ - 7 ~
Notary PubBc in and fa~ c: ,~1
g
~ the Countq sad State AlO~~l~,~~i': Q;:~ `L,.
~ , • .
~ Mq commiasion expirea: 'r Td .
~ PATRiC1A FERRAO ~
~ ss. A y.. . _ Hew krseli
~ C;;c^ .an E~;:l::s Mar. 20. 1978
Cp UF._ ~ ::,~s-
~ Before raonally appeand-......_------...._...._.__._..__....------°--------_......._ ...__.....r?
w ms aell lmown aad
k
wn Lo me to be the....-•-----.~..-.».Y.~--•--M.---..President sad._._...__........_....~_.__._._....~.._..._._~._..._._._.~._.~_ Secntar7
~ ra on
. . .
~ respectively oi - • Y.~ . ~ ~
~ ' nttoa,
nsmed in the foregoing instrumen~ and known me to be the pereons wbo aa such olIIcer~ ot aaid corpo
~ _..aaa t3~e sate
~
executed the same; and then and there ths ~a1 '
~ ~~.„........dtd aclcnowledge belor~ me tlut utd
d
;
lnstrument ia the free act and deed oi said corporaUon by them res nelY ~~t~ °i o~~~ =1t at~
pu~a~ll undernauthorlle
ty~tn them dulq veated bythe aBoardo Directors oi ~ eorpobr~stio~ in lilce cspsc Y
~,t? tiucd:
v;<
• .._._._..r.......~.~y 1
':j WITNES9 my hand aad otriclal eeal thie.---•._..__....~~_..dsy oi..._.._....._._.
~ _.......___.....__~_M.._.......-°--_...~
Notary Public tn and for
AECQ~~E~ the County and 3tate Atoresaid
`Y f1Lf0 LpuNT1 Hy commleslon espirei:
y.;' S1.~~}C1E~ P01~~'g S -
ItO~•E i„C~tj L01M
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