HomeMy WebLinkAbout2779 ' .a . . . _ . _ ' . ~
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prior to aury ot a jud~neat eaforcins tba Mortp~e if: (a) Borrowe~ p~ys Lende~ all swns which would be tha~ due under i
this Mortp~e, tbe Nota and nota sxurin` Futuro Advances. if any, had no aocekration oocurrsd: (b) Borro~?er cura i
all bn~cha of any otl~er covet~aatt or a~roements ot Borrower rnMained ia this Monpge: (c) Borrower pays ali nasonable ~
ezpensa iacurrod by Leader in eaforcing the covenaqts and a~reements of Bort~orver oontained in this Mon~a~e and in =
enforciaa Lende~'s nmedies as provided in paragnph 18 hereof. including. but not limited to. reasooabk attorney's tea: and ~
(d) Borrower tata such action ~ Ltadw may rcuonably require to aaure that the lien of tha Mortpse, Lender': iaterest `
in the Pmperty aad Borro~wer's obligation to pay the sums socured by this Mortgaae shall oontiaue uaimpaired. Upon such
paYment and cure by Horwwer, this Mort~age and the obligations secured hereby shall nmain ia full foroe aad elfect as if
0o ac~cekratan had oavtnd.
20. A~dp~e~f ot ReN~ A~oiat~eN ot Recei~e~. As additaoal security hercunder. Borrower hereby assigns to
Lender tt~e rrna of the Propeny. provided th~t Borrower shall. prior to accekration under paragrsph 18 hereof or abandoa-
ment of tbe Property. have the riaht to coltect aad rctain such ren~ a~ tbey become due snd paysbk.
Upon acceleradon uader pangraph 18 heroof or abandonment of the Property, Lende~ shall be entitled to have a
roceive~ appointed by a oourt to enter upon, take possession of and manage t6e Property and to colkct the rents of the
Property, includina tho~e put due. All ~rnts rnllected by the reoeiver shall be applied tirst to payment of the costs of
managecrnnt of tLe Property and rnllection of rents, including, but not limitod to. receiver's fas. pnmiums on roceiver's
bo~ds and reasonabk atwrney's fea. aod tt~ea to the sums securod by this Mortgage. 71ie receiver shap be lisble to account
only for those reats actually ~eceived.
21. F~tvs Aira~ca. Upon rcquat by Borrower, Lender, at Lender's option withia twenry yeus from the date of this ~
Mortgage. may make Future Advances to Borrower. Such Future Advances. with iaterest thereon. shall be securod by this `
Mortpge whe~ evideooed by promissory nota stating that said notes are secured hereby. At no time shall the principal
amouat of the indeWedness secured by this Mortgage. not iocluding sums advanced i~ accordance berewith to protect the
security of this Mortgaae, eacoeed the original amount of the Note plua USS.
ZZ. Rdea~e. Upqa payment of all sums sxurcd by this Mortgage, Lender shall nelesse this Mortgage without chuge
to Bormvrer. Borrower shall pay aU caats of recordation. if any. -
23. Attorser's Rees. As used in Ihis Mortgagc and in the Note. "attorney's fces" shall include attorney's f~es. if aay,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage. .
Signed, sealed and delivered ~
in t presence of • : '
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~ . . . . . . . . . . . . . . . . . . . . . . . 4~~~~ . . . . . . . . . . . . . (Seal) c
~ Frank J. D Addar io -eOfOwt~
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New Jersey ~
STATE OF ~~'P~~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COUIIty/ SS:
[ heretty certify that on this day, before me, an officer duly authorized ia the state aforesaid and in t6e county
afo~esaid to take acknowledgements, pcrsonally appeared. .Frank J. .D'Addar io~ , an, unmarr i ed man,
~ to me known to be the person{s) described in and who executed the
~ foregoing instrument and aclcnowledgcd beforc me that. ...he. .......eaecuted the same for the purpose therein
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~ expressed. >
~ WtTNESS my hand and official seal in the county and state aforesaid this. . . . . . . . 20th, , , , , , , , , , _~y of
~ June ~q 7~ _ ~
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( 8tlow This Lin~ R~serwd iw Lend~r and RKO~O~h
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ST.IUC:E CC~INTY.Ft.A.
~ ROGER POITRAS !
CLERK CiRCU~CO~'~ T ~ Q~- t
• ~~C~RD VE4!~i~!1. . L.~L•~l.~
~ 451998
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