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HomeMy WebLinkAbout1227 _ ~ _ - - - - r prior to entry of a judgment eaforciag this Mortgage if: (a) Borrower pays Lender all sums which would be rhea due under this Mortgage. the Nob and nobs securing Future Advancers, if any, had ao acxeleratioa occurred; (b) Borrower cures all bneacltes of nay other oovecuats or agreements of Borrower contained in this Mortgage: (e) Borrower pays ap reasonable expeasers incurred by Deader iA eafordag the eovenagts and agreement: of Borrower contained. is the Mortgsge and is enforcing I.ertder'a rerrtedia ss provided is paragraph 18 hermf. including, but act limited to, nasouabk attorney`s fees; and (d) Borrower takes such action ss Leader may reasonably regain to aaaurc that the lien of this Mortgage, Lender's interest - in the Property sad Borrower's obligation to pay the sums second by this Mortgage :hall oflrttintte unimpaired. Upon-such payment and cute by Borrower, this Mortgage and the obligations secured herby :hall remain is fop force and effect u if no aocelentioa had oaurrod, M AsdpsmeaR of Re¦b; AppotatweN of Recdrer. As additional security hereunder, Botiower herby assigns to Lender the tarts of the Property, Provided that Borrower shall. prior to acceleration under paragraph 18 hereof of abandon- ment of the Property, have the right to collect and trtttin such rents as they become due sad payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Leader shall be entitled to have a receiver appointed by a court to eater 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 coats of management of the Property sad collection of rents, includitts, but not limited to, receiver's fees. premiums on receiver's bonds and reasonable attorney's fees. and that to the sums secured by the Mortgage. The r+eceivec shall be liable to account only for chase rents actually received. - 21. IPtitttue Aivaaee+s. Upon request by Borrower. Lender, at Lender's option within twenty years from the date of this Mortgage,-may make Future Advances to Borrower. Such Future Advances, with interest thereat, shall be secured by this Mortgage when evidenced by promissory notes stating that said notes are second hereby. At rto time shalt the pciaapal -amount of the indebtedness secatred 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 UStr.-is:rr.~ss~~-i-esrr.-«:r-i-r•?r.--~- Ylt ReksraG Upgn payment of all sums sxured by ibis Mortgage, Lender shall release this Mortgage widtout charge to Borrower. Borrower shall pay all coats of recordation, if any. - ' 23. Attasey'a Fees._ As used in this Mortgage and in the Note. "attorney's foes" shall include attorney3 fees. if any, - which may be awarded by as appellate court. IN WITltESS WHEREOF, Borrower has executed this Mortgage. Signed, Sealed and delivered _ _ - in the Presence of: - ~~f ~ 1 ) - L I Ric L. Keh 1 er / -eonow.r . ~ : (seal) .~l''~'~!' _ Glorta B. Kehler STATE OF ....New, Jersey .........................County ss: I hereby certify that on this day,-before me, an officer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgements, personally appeared.Richar~,~., Kehlgc. pP~.Gt4Cia, Bti,Kg~tlet;,, ...h l 5. W.if.~ to me known to be the person(s) described is and who executed the ~ foregoing iattrumeat and acknowledged before ate that.. they .......executed the same for the purpose therein expressed. - ~ WtTriESS my hand and olfi:.ial seal in the county and state of this ..1.~th _ ...........day of - ...$eRietnl~t:r ..................:.19.79.... - My Commission expires: ~Jibt cry, it 8~ ~ ` - . s, . . `-~r~~Y~ r . O~3 . O 1) ~.w` M `:.k y '''s...• ~ ~V ~~~t\1~ - - (5p~te BNow This LirN Rosorvrd For t.endsr snd RoowdeQ 9 ~5ti£S balaol~ `3~~3Id 1Lt0~ 3nN~J1y 3OP.7'C L'?LZ 19?9 SEP 27 A~ i!~ ~ E JINbdWOO ~ONd2ifiSld! 31111 OOd~IHO FILEO AND RECORDt D S ROGER PO TRASa~ ~ CLERK CIQ.CUIT COU T ' RECORD ~'~P.IFi!•n - 460521 - . ~ - 8317