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prior to entry of a judgrneat enforcing this Mortpge it: (a) Borrower p.ys Lender ail suns which would be then due tattler
this Mortpge, the Nora and notes securing Futuro Advances, if any, had oo aoodmstion occurred: (b) Borrower cures
all brache: of any other coveaaab or ap~eemenb of Borrower contained in this Moctpge: (c) Borrower pays all reasonable
experaa incw:ed by Leader in eaforang the eoveaagts and asreements of Borrower ooatained io this Mortpye and in -
enforeiag Lender': rerrtodia as provided in paragraph 18 hereof, including. but not limited t0. reasonable attorney's fees: and
(d) Borrower takes wch action at Leader may reasonably requiro to assure that the lien of this Mortpaa. L~anda's interest
in the Property and Borrower
i obliption to pay the stuns secured by the Mortpge shall eootinue tmimpaind. Upon such
payment and cure by Borrower, this Moripge wad the obliptions secured hereby shall remain is iWl Toros and effect as ii
no acoekration had occurred.
28.. AsslgMaM ett Resitst A~ohttttteat of Receiver. As additional security hereunder, Borrower heroby as:igas to
Leader the rents of the Property. provided that Borrower ahsll. prior to aooderation under paragraph 18 heefof a abandoo-
ment o! the Property. have the right to collect wad retain :uch nests as they become due wad payable. -
Upon aecekration under paragraph 18 hereof or abandonment of the Property, Deader shall be. entitled to have a
receiver appointed by a court to enter upon, take possession of and manage the Property and to collect the rents of the
Property, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of
managematt of the Property and eolleetion of rents, including, but not 4mited to, receiver's fees. premiums on receiver's
bonds wad reasonable attorney's fees, and then to the sums secured by this Mortgage: 1be receiver shall be liable to aecouat
only for those tertb actually receivod. -
21. Frfere Ai~astces. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this
Mortpge. may make Future Advances to Borrowei. Such Future Advances, with interest thereon, shall be secured by this
Mottpge when evidettcod by gomissory notes stating that said notes are secured hereby. At ao time droll the principal.
amount of the iadcbtedaas secured by this Mortgage, not including sums advanced in aooordanee herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus.USi..:-------------------...
22. RsNase. Upoio psymeot of all sums secured by this Mortgage, Leader shag release this~Mortpge without charge
to Borrower. Borm~wer shall pay all cosh of recordation. if way.
23. Attorsey''s Feea. As used in this Mortgage and in the Note. "attorney's foes° dull include attorney's fees, if soy,
which may be awarded by as appellate court.
11N WITNE8S WHEREOF, Borrower has executed this Mortgage. -
Signed, sealed and delivered
in the t) of:
. ~ c (Seal)
dward ~FI. ~ Watson ~ , ~ono¦.r
' The 1 ma M . Watson ~rowr.
STATE OF lE>!dt~,........ NEW.JERSEY .:..................(J~i~? ss:
I hereby certify that on this day, before me, an o89cer dul authorized in the state aforesaid and in the county .
aforesaid to take acknowledgements, personally a~eared... ~dWaCd. Pl•. MatSCn. and .Tbt:ltna .N.. WatSpn,
...h[S.~iII~A to me known to be the person(s) described is and who executed the
foregoing inst~iimeat attd ackttowicdged before me that.. ibex .......executed the acme for the purpose therein
~ X-. -
. i
f- ~-•v, Fem..-~!~ 1
f y r; ~ p~'icisl seal in the county ands aforesaid this.... . 2.7.th .........day of
` 19.. .
E ;r
~ g2 w~ ~y
i HAAL1iND E. AUDD
r;C ° NOTARY PUBLIC OF NEW IERSEY
s' t • f: r' B'~~~ My Commies"on ~xp'res :uly 28, 1979
.
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lsv~ This Line Rassevad ip l.andsr and Ratordah
/ . 051££ t!:?1'lOl~
ANbdW00 3~tJbclt)Slvt -
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CQUR1
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' p VERIFIED
Bo~x~14 PAGE~723