HomeMy WebLinkAbout0699 A. T~at In th~ ~vent ot any Dreacl~ ot tA~s mortga~e o~ d~fault on the pnr; ot t1?~ 1?to~ts~~or, or Ib1 l~
th~ event any ot ~aid •uma ot money here~n ret~rred to ~e not promptly and fz~lly pua w~~Ain ta~ day~ e~at
atter the aame sever~lly become due and payable, v~~thout dcmand o~ not~cr, or ~c~ in t~e e~~ent each and ev~ry
th~ ~~~~ulations, ~~~eemcnU, cond~tion• and covenanu ot ~a~d p~om,aso~y n.,te and th~a mu~t~ase, any or et:her,
ar~ not duly, promptly and fully pcrtormed, d~~charged, executed, effecte~, completed, compl~ed w+~th and abided
Dy, then. ~o e~ther or any such event. the sa~d aggreRate sum m~•nt~ened m sa,d promissory note then rema~nins
unpud, w~th ~nteresl sccrued, and ~tl moneya sec~~red h.reby, ahall becume due and pa)•abt• torthwith, or tber~-
atte~, ~t the option of aa?d ~tortgagee, as tully an~i cnmpietely u~ ~t all ot ths sa~d ~unu ot money w~n orl~~e~llr
~t~pulated to be paid on such rlay, anythfng in ~a~d pron,~s~ory n~tr, an~i or In th,s mortg~~e to tM contrary eot-
w~thstanding; and thereupon or thereaftee st tAe o~~t~~~n ot sa,d !?tort~a~ee. ~~~~thout not~ct or demand~ ~u1t at
law or ~n equity, th~retofocs. or thereatter be~un, may be p~osecutai as it all moneys aecu~ed hereby had matu»a
prior to ita inatitutiotL
7. Thst fn tlfs event that at the begilu?ins of _or at any tlme pend~ng any ~uit upon this mor:`a~e, or to
foreclose it, or to catorm !t, and~or to entores payment ot any clums hereunder, sud Mort~ti ahaU ~pply
to the cou~t Asv~nt jun~dictlon tAereof tor the appomtment ot a Rece~•:er, ~uch court ahall torthwith Rppoint
~ Receiver ot stud mortgaged property all and s~ngular, including all and aingular the renb. Income, prot~t~„
lasues and revenuea t~om wh~trver source denred, ea~ h and e~•ery ot v?h:ch. ~t be~~a expresily undeytood. l~
~ereby mortgaged a~ it spec?tically yet lorth and descr~Ged the Rr:?nt~ng and habendum clause~ Aereof, and
~uch Recelver shall have a!1 the broad and ettect~ve tunct~nns and i~u~c~rs :n anw??se entnuted by a court
to a Receiver, and auch appointment ahall br madc by such court iu an adm~ttcd equfty snd a m~ttee ot ab~
wlut~ right to aald Mort~~gee, and w~thout reterence to the ~deyuacy or tnadequacy ot tAe valu~ of th~ prop-
trty mort~aged or to 4he solvency or lnsolvency ot u~d I~tortRa~or and ~or ot the defendanU, aad that ~ucR
nnt~, pmhts, fncome, issues and retienues ~hall bc st~plied by such Rcceiver ~ccordln~ to th~ 11~n and/or ~qnltr
ot aafd Ir[ort~a~ee and the practice of au:h ceur[. .
8. It is understoc~d and agreed that this mortgage ~s R~ven to secu~e, in add~t~on to the note or cbl~gation
above descnbed any add~tionat loans ~r tuture advances made w~thin tv?enty years from date hereuf by the
mortgagee to sa~d mortgagors or any successor in title ot said mortgagors ot the property hereby conveyed;
prov~ded that the totai unpa~d balance of the indebtedness secured hereb • at an one ~me sh II not exceed
the maximum princ~pal amount ot FOUR THOUSAND SIX HUNI~RED ~IXT~-TW~-- po~~ars
(S 62 Plus ~nterest thereon and any d~sbur;ements made by the mortgaqee tor the pay-
m~nt a~taxe~, 1 vi~c or incurance on the property encumbered hereby. w~th ~nterest on such disbursements.
II~I WITNLS3 WHEREOP', Ne sald Mortsa~or haa •xecuted this mort~a~~ under ieal on Ue day and yeu
here?n tint ~Dove ~reitteeL
91~ed, ~ealed and deUvered in ti~e presence ot:
.
ti ~ .
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~ Ge e . el " ~
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Vi gi a A. Hummel
sTwzz oF .F.LQRIL~A.. ~
Cotr.vTY OF. SI'....LtlCIE... . .....1 ~
' ~ George _J. Hummel._ and .Virginia A. Hummel~_his wife
ro ~ r
of 3 ~c~in ey, ~airview, New Jersey 07022
. ~
to me wetl known snd know-n to me !o he the ind~vidua$... 3escnbed in and who executed th~ tore~olns lnatru-
ment, and acknowledged betore me thatt... he..y executed th~ aame [or the purpoier tA~re~n e:prua~d. -
~ .
~ WITNESS my hand and offlclal ~eal tlu~.... ~.~.t~l..__......day of.._...._......~d~••-•-•-••--••-•-- r,,: l~~'.~,~.
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No PubLc ln aad fot _~~y~ 0'. ~ I
! che c~ouncy ana sua wton"sisa. ; I
~ My commfwion expire.: : : r~y~ - o, : . -
C BTATE OF... . _ ~ ~ ' ~ -
.
` ~ sa. No~ary P~.~r., 5•a~" nf Fk
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' COZTNTY OF. A~••f.6. 19L~ , e
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u.x..1E Mr Co".'~ _ ^n -_r"`-s , ~Ca~v~.~l ~ .
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~ Bordad L/ t_n:a..o:; f~r: i• `,Y•~i•• ~v
~ Befor~ me peraonally appeared ........................._.....__......_...--.•-••.....-°---------•--••----_.._.._.___._......_._..::,r.;...r.._~..3..
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; known to ms to De Lhe ..............._.............._._..___Pr~Ndent and..--•---•--..__.__.._.._.....•_-••-•,-._.._--•-•••----..._..._............._ 8~cr~tar~
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Q respectively of - - . . t1H corponUon
~ nam~d tn the ton~otns trutrum~nt, and known to me to ba th~ psrson~ who as ~uc1~ olIIc~» o! uld corpo»tloa.
i
; eaecuted the aame: arid then ~nd th~» ths ~ala ..................----•--......_._._..._..._.._.....-----••--••-••••--...•-••--•••-•-----•-•....~ad LM s~ld
: --•..._._.__._._..---_......_._aid ~cluwwl~~ Mfo» m• t2ut s~l4
~ tnatrument b the lree act and deed of aald eorporatlon by them n~psctively es~cuted a~ iuch oMc~ra for tA~
r purpoaea thareln expre~ed; that tDe ~ea! Nereunto attuhed ti N~ corpor~t~ ~al by th~m tn Wc~ capacltr at-
tlued: all under authortly In them duly vqtcd by ths Board ot Dlrector~ ot ufd corporatloa
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~ WITNS39 my hand aad otAclal Nal W~ .......---•------•-••-••d~Y ot--•_....---.._.--••-•-.._..._..•--•-.__....._...._.., lY.__~
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