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HomeMy WebLinkAbout1284 sir - - ~ - ~ ~ ~ ' prior b entry of a jtsigtasot antordrt~ tltiM Mortgage if: (a) Borrower pays Lender all sums which would be then due under this Mortpgt, tUe PfaN at~d aola seauing Futuro Advances. if any, had no acceleration occurred; (b) Borrwver curs all breaches of any atitsr otrwnatw a ayreattents of Borrower contained in this Mortgage: (c) Borrower pays all reasonable expenses incurred by l.eoier in enforcing the oovenagta and agrtementt of Borrower contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonsble attorney's fees: and (d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage. Lender's interest in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrovi+er, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no accekration had occurred. 20. Aadpeeax of Reai>:: Appoiotaxat of Receiver. As additional security hereunder. Borrower hereby assigns to La:ac:ci tf~, i~ii~"s Cif tl'.e FiO~ili~. f?i~r'' [fiat otirtvwet snail. prior id aix~riciatiun utnZcf P~tia~aNi~ i8 ilticv~ ~i ah:i:i:~,- - ment of the Property. have the right to collar and- retain such real: as they become due and payable. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to Nava a receiver appointtd by a court to enttr upon, take poasossion of and manage the Property and to coiled tht rents Of the Property, including those past due. All rents collected by the receiver shall be applied first to payment of the casts of management of the Property sad coltcction of rents, including, but not limited to, receiver i 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. Fs~re Aavaaces. 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 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 of the indebtedness secured by this Mortgage, not including sums advanced in aa:ordance herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USf... r-.~T:--------------r-- Z2. Rdwe. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all coats of recordation, if any. - 23. Attor>.ey's Fees. As used in this Mortgage and in the Note, "attorney's foes" shall include attorney's fees, if any, which may be awarded by an appellate court. IN WITNESS WHEREOF. Borrower has executed this Mortgage. Signed, sealed and delivered in the Dresence of: • abriel Warshawsky - }t / wR RS~A'~.SK/ .i.... ~~~~`~1~.... 1(.~!`:`~ ..........(Seal) • Rachel Warshawsk STATE OF i~ler,t .Jecsey..1. ~dt~rrf~ ss: a uy~ . y certi[y that on this day, before me, an officer duly au~rized in the state aforesaid and in the county II aforr-said to take a~kriowlPdS r~-its, p~!v?*!~ly a~+~arpd... Cahr.l~1 .Wd!'ShaiNskv. end .Rachel, .WaCS~aMtslcY, i - • • .h 4 s .wife . to me known to be the person (s) described in and who executed the foregoing instrutncnt and acknowledged before me that... thi~y.......executed the same for the purpose therein expressed. WiTtfftes my hand and official seal in the county and state aforesaid this......... l l ih...........day of 19 • ~ W LSrb ~ i'' ~ y~~QV1/RFJVCE SOEHNGEN ~t'~ lC.'!'r4~ . - - c, - C~ - ~ :~l1~1C OF NEW JERSEY ~ ''i EXPIRES NOV. 30, 1981 v I ' i (SWce tMlow This LitN Rusrvsd For LcndK •nd RsWr0en s ~ t C~,.. - r FLED Ah.~ - QED "iY~1H'~l g~. LUCRE . r' ~ EU1. ~ '1.?.yr',iir~:J jIJ10Y..11-... .,..1. ~ RO,-_ CIEFr. ~ RECO~' oEC I9 1122 an ~q 49994 - ~an~iK.j// cict7 ~