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Home My WebLink About0560 s...23, 000,. 00----------- _._~-uly---....... ..,:,,~y_'~ . t9 75.. FOR VAWE RECEIVED, th~ u~d~rslpnad, iointly snd sove?ally, pROMiSE TO PAY ro fM or~s? of ' ~ ----.PFT~.Ei_~_,SAUIl~I4~e.t~s~.-MYF3A- J~•---SAVII~I~ ---HIS._VytIEE..--•--------~--- - . . - TW_~It'IX__'~iR~_.~~~tISAN~ _.Ab.L~..I~T.4~1Q~------.-_-_--_--_-----=---_--~-----:::--~_-oo~u?RS, ~ at _111..A11~u~d.Rnad,._.~lifton,_._I~?ew_ Jersey..- ._Q`I014 o. wd~ oth.. ~ac. as ~tie.hold.. hehof m~r efedynaN in writino toyether with int~nst from ,__.J_u~x_~•X.._s___1975_.__,_.__.__,..__...._,_. - - - - - at the ntt oi p~~ c~ntum per snnum on the unp~id balanc~ until ~naturily. Th~ said principal and intanst sh~ll ~ b~ dv~ and p~yabl~ as foilows: . Six months (E) from date hereon ccrued interest only. . ~ $325.15 a month, the first paym q due one month from date and continue for ~2 . each month thereafter u~ntil is sum of $325.15 paid each month shall, first be credited to interest and th der to the principal of this obligation. ~his note may be prepaid at any tim. fter July 1, 1977 without Penalty. ~a If d~favN b~ ~wsd~ iw .......J~.S d~rs ~ Ha parseM ef ~wy insbll~nf ~i p~cipal er.i~hnsf e~ s~r put tlwn~i. fIM vrkeb w~ 1M~ nrwaNeiw~ rn'sid wid~ iwNnsf sh~ll d(aWN'~ eptiow b~cew~ dw snd payabl~ wifheW nolic~. Eailvh h~:~rsis~ wch ~pfie~ shap we1 sa~stiWN A w~iwr ef H» ~a~ b~:~rsiq M» u~we iw NN ~ww~ ef suM~qww1 d~fsrh. Ah~~ ~wNwily boM p.iwcipal awd sccrwd int~nq sha4 b~s~ iwl~a~st at y. p~~ «whrw pK awerw awtil paid. iM w~k~n ~u~ ~nde~n d f6is eeb fuelht? waive d~nuwd. ewic~ of ~owy~re~1 and ~ot~st. If tha Mh i~ ~e~ paid N ~uhrritr aw~ 1M u~ is ~lac~d wi~A ~ ~nw»~r fer c~lbct~ew, tM ~uak~n u~d ~sde.~n Mnei a~.M ~e p+y ~N tes~s ~f colMcti~w. iachrdins dl cwre j ~j ce~b ~w~ nuM~~M aM~ew~y t~es. s 1 ~ . ? ~ . . ~ 5 ~ - - - ' - - . ISEAI) L ~ ~(l.~~~.Gx~ J ac ey er~ ~ ~ Attest: ~ - M e~...._L.T - _ = ---`~_l.,~ - - - - - (sEAt) ~ ~ na F. ~G~~ . - ` (SEAt) r - - - - - . . _ . r~6+~i4S~4 ~l~i~~1S?~?~i ~4•.~i~.~i~i~.fr~.fi~.b'.:'.~.tO.~.~.~•'Y!?.~i4~i~ibb~.~.•~.•.~i'r'~M~iri~i~•'~.'~i'i~i~••.~i••'~•4~i~i~.~l'~i~.~~.~i~.~..~ . end shall duly, pmmptly and fully per[orm, discharge. execute, etfect, complete,- comply with and abide by each ' " and everv the stipulations, agreements, condition~ and covenants of said prom~s~ory note and ot this mortgage. then this mortgage and the eatate hereby created shaq cease and be null and void. It is underatood that each of the wonle, "note." ~~mortgagor" and "mortgagee" respectlvNy and~the pmn- ouns referring theret0. whether in the aingular or plural anywhere in thls mortgage. ahall be singular if one ody and ahall be plwal jointly and severally. if more ihan one, and shall be masculine, teminine and/or neuter. wher+- ~ ever the coniext ao impliea or admlt~. Md said Mortgagor for himeelt and hia heirs, legal representaUvea, auccessors and assigns. benby covea- snts ana agrees to and with said Mortgagee. hla legal repreaentative~, successors and assigna: 1. To pay all arid aingulat the principal and interest u~d the verious and aundry sums ot money payable by virtue of said promiseory note. aad t,hi,s mortgage. each and every. pmmpUy on the daya respcctively the aame severally become due. 2. To pay all and singular the taxea, asaessments, levies, Ifabllitiea, obllgations and incumbrances ot ever~? . ~ asture and klnd now on said described pmperty, snd/or that hereafter may be impo~ed, auftered. placed. levied or assesaed thereupon, and/or that hereafter may be levied or assessed upon this mortgage end/or the indebted- E ness secured hereby. each and every. when due and payable according to law, before they become delinquen~ and before any interest attaches or any penxlty is incurred; and in so far a~ any thereot ia oi record the~ sams shall be prumpUy satisfied end discharged ot record and the onginal of[icial dceument (auch as. tor inatance. Lhe tax receipt or the satistaction paper offic[alty endorsed or certified! ahall be placed tn the hands of sald Mortgagee v~~ihin ten days neat after payment; and in the event that any thereot is not so paid. asttafied and discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or aifecting any optibn, lien, @quity or right under or by ~irtue of this mortgage, and the full amount of each and every ~ such payment ahall be immediately due and payable and shall bear internst from the date thereof until paid - , at the rate ot ten per centurn per annum and tugethPr with such interest shall be secured by the l~en of .this } mortgage. 3. To place and conttnuously kepp on the bulldin~s nowr or hereafter situate on said land fire and w[ndstorm t inaurance in the ~sual standard poticy form, in a sum not less than 5....._..~..~1~~~~~~ fn auch com- , pany or comp^nies as may be approved by said ]?fort~a~ce; and nll such insurance policiea on any ot said build- ~ inga, any intere~t therein or part thereof, in the a~~re~ate aum atoresaid or in excess thereot, shall contain the usual standard mortgagee clause makinR the 1~~::s ur.~i~r said policiea, each and every. payable to said Mortga. ~ gee as hie interest may appear, and ench and e~•er~• su~•h policy shall be promptly delivered to and held by said . 1ltortgagee: and, not less than ten days in adti•an~e ot the expiration of each policy, to dellver to said Mortqagee a tenewal thereof, to~ether with a receipt for thP prrmium of an~h r~newnl: and there ahal! be no euch insur- - ance placed on any ot said buildings, any interest therein or part lhereot, unle~ fn the form and with.the loas i payable ae atoresaid: and in the e~ent atny aum of money becomq payable under auch policy or poltcies said MortRagee shall have the option to receive and apply the same on account oi the indebtedneas secure~l hereby or to permit said MortRaRor to receive and uee it or any pnrt thereof for other purposes without t?~ereby waiWng or impairing any equity, lien or riRht under or by virtue ot ihi9 mortgage; and in the event ~aid Mortgagor ahsll for any reaso~ [ai) to keep the said pr~mises so in.aurcd, or fail to deliver prompily any of aaid policiea ot ! ~ insurance to said Mortga~ee, or fail pmmpUy to pay fully any premium therefor. or in nny reapect fafi to per- form, diicharge, exccute, effect, complete, comply with and abide by this covenant, or any part hereof. estd MoMg- agee may place and pap for such insurance or any part thereot without waiving or atfectlng any option, lien, equity or riRht under or by viKue of thia mortgage, and the full amount ot each and every auch psyment ahaU be tmmediately due and payable and ahap bear intPrest from the date thereo! untq paid at the rate of ten ptr centum per annum wnd together wlth auch interest ahall be eecured by the lien ot thls mortgage. ~ 4. To permit, commit or suffer no wa~te. impairmeat or deterloraUon of asid property or any part thereoi 6. To pay all and aingular the costa, charges and expensea, including reasonable lawyer's fees and co~t o! . abatracts ot title, tncueTed or pald at any time by aaid Mortgagee because and/or 1n the event of the lallure ' on the part oi the said MortgaRor to duly, promptly and fully pertorn~, discharge, e~[ecute, eKect, completq, ; rnmply with and abide by each and everq the atipulaUona, agreements, conditfons and oovenanb oi eaid pmmis- sory note, and thl~ mortgage, any or either, and sald costs, chargw and e~penses, each aad every, shall be !m- mediatdy due and ~syablf, whether or not ther+e be notice. demaad, attempt to collect or sult pending: and ths full amount of each and every such payment shall bear interest irom ths date tDereot untll paid st the rste ot ten per centiun per annum • and all enld costa, chargea and expease~ w incurred or paid„ togethes a?1t2~ wch 1a- ~ teres~ ~ba11 bs secured Dy the Uen of thls mortgag~e. ! BOOK242 PACE 5~ ~ ~ ~ - y~ ~ -~s~ ~ ~ ~ ~ " . ~ ~ - " ' _