HomeMy WebLinkAbout2730 .
1
prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
this Mortgage. the Note and notl;s securing Future Advances, if any, had no acceleration occurred; (b) Borrower cura
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expettses incurred by-Lender in enforcing the rnvenagts and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to. reasonable attorney's toes; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lender's interat
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower. this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Aasigameat of Reabq AppohzRnteot of Receiver. As additional security hereunder. Borrower hereby assigns to
Lender the rents of the Property, provided that Borrower shall, prior to acceleration under puagraph 18 hereof or abandoa-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender 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
management of the Property and collection of rents, including, but not limited to, receivers foes, premiums on receiver's
bonds and reasonable attorney's foes, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Fotw~e Advances. Upon request by Borrower, i~nder, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon. shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes arc secured hereby. At no time shall the principal
amount o[ the indebtedness secured by this Mortgage. not including sums advancxd in accordance herewith to protect the
security of this,Mortgage, exceed the original amount of the Note plus USS.
22. Release. Upon payment of all sums secured by this Mortgage. Lander shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's feel' shall include attorney's foes, if any.
which may be awuded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, scaled and delivered
in the presence of.
....7.`:
l:...... ~~~~t'. ......Seal
~ ~ Rah l~ B. Nies,.Jr. ~Of°"1e'
L~~ ..G.U.wr~- r/...... ...~!j.. . (Seal,
Nan C. Nies ~OrfdM"'
ST,?rt: of d~, ........New. Jersey . ~ .~e 1`~P,Y~ ..fG~rit(i+y ss:
t . .
1 hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in tbe county
aforesaid to take acknowledgements, personally appeared. Raphael. B....N ies. arr,d .Nao. C.. flies, . h.is, .
...wife to me known to be tbe person(s) described in and who executed tbe
foregoing instrument and acknowledged before me that.. th6Y.......cxecuted the same for the purpose therein
expressed.
~ WtTNESS my `hand and official seal in the county and state aforesaid this ~ 9 t ~ ...........day of
i lljcli~~t~Hhe t:.. , 19.7 .
` slf. r ~ /
~ ;:rjris~ran:.exptres: ~ y ~ i 9 f~ ............v .
• 8 O
,
#ts~ ~ Zr"''~s Mofsry Publ~e .
cr ' ~ ~ P '[a~~r -
r />,r! r,O a # • 4 I~1'1'A 1':,•:iYE
a ~`'4~:~"Lr' _ a Norarj- hl:c o.::ew jers~-r
1 :Ti . Y _
~ -
~ ~ ~
3 '
~ ~ tSDace Beiow This Line Reserved For Lendersnd Recoraeh
' OSt~E£ t/t]t?f01~ `3"`?l~!d 12i0~
- ~ fILEO -3ED
- p`1
~Ai~7eV:~~' ~ ,.•`J::~:~•:1 ~-lill OJd~1H~ =T.LUC.E c111.
FO~~ ~ ' ~
CLE;K ^ - - •;iRT
ftECON'.
- Dec ~0 3 s9 P?~'19
4S9n10
BUOx321 PA~~2726