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HomeMy WebLinkAbout0249 ' i~~l`~ci'~ou~~i°r ~i i IIOCER ~O~TRAS Cl FRR CIRCUIT CQU~ ~~i':~F~fD MAR l io ~9 aM 3~5945 s6a11 luve the option to receive and epply the ~ame on eaount ot the iadebtedness securad hsrsby or to pe:mit said Mortgagor to receive and use it or any part thereo[ tor other purpose~ without tMreby waiviag cr impairing ~ny eqvity, lien or right under or by virtue of this mort~ge; and in the event aaid Matg~gor sluU tur any reasop tail to keep the said premises so in~ured. or fail to deliver promptty any ot said pdiciss o[ in~urance to said Mortsage~, or tsil promptly to p~y tuUy any p~emium the~etor, or in any reapect fail to petfatnn, dlxhargs, e:cute, eftect, complete. comply with •nd sbide by tAis cuvenant, or an~• part hereot, eaid Mort~ges nt~y plaos and p~y tor such insurance or eny part the~eo( ~vithout w~aiving or aftectinR any oF?tion, tien, equity or right under or by virtue ot thie mortgage, aad t6e fuU amount ot each snd every euch payment ~hell be ia~mediately due ~e~d payabk ~nd shaU bear interest from the date thereof until p~id at the r~te oi ten per ceotum per ~nnum and tagether with sueh interest ahell be sscured by the lien ot t!~ mortg~ge. • To permit, commit or sutter no waate, impaira~ent or daterioratioa ot aaid property or wy part thereot. S. To pay sU aod aingular the costs, charqee and e:pen~es. including re~sonabk lawyer'e tees and toet of abatracts ot title, incurred or paid st• any time by eaid Mortg~gee becau9e sedtor in the eveat ot the tailcue on the part ot the said Mortgagor to duly, promptty aad fully psriorea, dixAarge. e:ecute, eNect, complets, oomply with and abide by each ~nd cvery the etipulatione, aRreements, eonditions end rnvenant~ ot eald _promi~sory aote, and thi~ mortgage, any or either, and eaid costa, ch~rgee aad e:pen~es, each end every, shall be immediately due and payebk, whether or ~ot there be notice, demand, ~ttempt to eollect or ~uit pending; and the fuU amount of e~ch and every auch p~yment ~haU be~r intereet from the date theroof unW paiA at the rate of ten per ceatum per aanum: ~nd all s~id coeta, chargee ~ad e:penses ao incurred or p~id, together with sucA interest, slull be sscurod by the lien of this mortgage. . 6. That lal in t6e event of any Dre~ch ot tAia mortgage or defsult on the part of the Mortaagor, or Ib1 in ths • event any ot eaid sums of money herein referred to be oot promptly and tulty paid within t~en days as:t after tM sams severally become due ~yable, without demand or notice, or Ic1 in the eveAt e~ch and every the etipul~tans. agreetnsnb. eonditioas and rnveaanta of said promissory note and tl~ia mortgage, ~ny or sither. ars not duty. promptly ~nd tuUy psrtormed. dischuged. e:ecuted. efiected. oompkted, eomplied with and ~bided by. t6ea, in either or any sucl~ event, tbe said aggreg~te sum mentioned in said promis~ory not~ then remaining unpaid, with intere~t ~ ~ccrued, and aU moaeys ~ecured hereby, ahall become due and p~y~ble tortbwith, or [he~tter. ~t the optioa of said Mortgagee, as tuUy ~nd completely •s if all ot the said aums of aomey arere originally etipulated W be p~id on ' auch day, anything in said promissory note. aod or in tlus coortgage tn the contrary notwithstanding: ~nd thereapon or there~fter ~t the optan of eaid Mortgigee. without notice or dem~nd, suit at 4w or in equity, theretofore, or there~fter begun, may be prwscuted as if aU moneye sscured hereby had matured prior w its institution. 7. Ttut in the event that at the beginning of or at eny time pending any suit upon this mortgage, or to toreclose it. or to reform i~ and/or to enforce paynoeat of eny cWms hsreunder. said Mortg~ges shall ~ppty to the court luving jurisdiction thereof for tAe sppointment ot a Receiver, wch oourt shall forthwit6 appoint. a Reo~ver ot ~aid mortgaged property all and singular, iucluding aU and ~ingular the eente income profits, issuea and revenu6s irom whatever ~outce derived, each aad eve'y of which, it being e=presaly understood ia h~eby mortgag~ed as if ~pecifically eet forth and described in tLe granting u~d 6abendum clauses hereof, and sneh Receiver shall have ell the broed and efiective tunctans and poarers in snywrix entrusted by • court to s Receiver, end euch ~ppointment i sha11 be mede by euch rnurt ae sn admitted equity end e matter of aMolutc riqt:t to said MoKgsgee, and without reference to the adequ~cy or inadequecy of the v~lue of the property mortgaRed or to tfie solvency or insolventy of said Mortgagor end/or of the defendant~, and that ~uch rente, profit~, income, issuea and r~venuee shall be applied ' by socb Receiver ~ccording to the lein snd,%or equity of said Matgagee and the pnttite of such court_ 8. It is understood and agreed that thie mortgags is givsa to sscure, in additioe w the note or obligatiyn above described any ~dditiond loans or future adyances mads within twert~ty years from date hereof by the mortsagee to e~id mortgagors or any euccessor ia title ot said mortgagors ot t6e property bereby conveyed; provided that the total unpaid balance ot the indebtednes~ secured hereby any one time shaU nat ezceed the muimum pric~cipal amountot NINE THOUSAND EIGHT HUNDRED EIGHTY TWO (9,882.00~ ~s 1= 1, plus inte~est thereon and ~ny diebursemente made by the mortgagae tor the psyment ot ta:ee, or ineuranoo on the property eneumbered hereby, with intaeat on such diebureement~. IN WITNESS WHEREOF, the said r hae e:ecuted thie mortgage under eesl oe the day and year h~rein fir~t above ten. sealed and in oi: ' 1~--- ~ C rsEwL~ j o o Geor Jr H 1 ISEAL! STA1'E OF FLO ~ Virgini A. Humnel ~s. COUN7'Y OF 3T. LUCIE ~to~~~~~y.P~~ George J. Hunmel and Virginia A. Hummel, his wife of 370 McKinley, Fairview, New Jersey 07022 to ms wdl known and Imown w cqs to be t6s individuat S desrn'bed ia and who eiecvted t6e faeeeoina ' and ael~now{sdgsd bstoro me that ..~be..ynzecuted the eame for ths purpoese tberein ezpe~usd. WITNE33 my Aand and officJal sael thia 11th ~y of Fe 1 ~ . QQ~,~Q~ 'E Notary Public in and Y~G v Pdf 24 cee Councy .ne sc.ce wf ~ore's~id.` j: '~r~ - Catherine M.,~G ntara''~.~•~-'" ~ ~ My aommiWion - _ ~ ~ Sept. 26, 1980 ~ ,t . i . _ _ _ - - - ~ - ~:a~.~z~-~