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Home My WebLink About1470 ~ .aa- - _ _ a.~: - _ _ - _ ~ - _ _ i~r Thfi MartBagQr hereby oovau~ats with the M that la is iadet~~ tilled a~ ~?mod is fee ! lien~ or sorb of ~es~tsr~ any as is stated besxin; that bas toll power sad lawful rigbi to ooa~av the eaoae as aforesaid; that trm ~ ail encu-~,brarrcas except M herein otheswra recited; that aaid~iortRaeor will mrreeagqke snob further assurarwea~to~pueeo~s the atoewraid tits- to acid knd iD said Mortpses as may be rsasod- ~wiil mead the samasame a8ainso E~ i~6s !a~ aaimsy~~ par ~twlwmwsra~ ~ ~ ~ 1Pnoviot:n ALwA~ra that ii the Mort`a8r?r shall pq Hato the Itlott~tgea that certain p~omiss0~ty bate, oll wbio? tbs falbwiog i• a substantial. ooP7, to wtt: s 4-,000.00 . - , st. Lucie ~~o~' January 24 •19 80• ' - Pba Viws Iiscsnao, the uudsrsitpaed pramise(sl to ply to SUBURBAN COASTAL CORPORATIQN _ . a eorporatioa apmsed and aad~s Hadar t6s i hwsot New Jersey- ,mordw,thepeindpalsttmof- FORTY-FOUR THOOSAND AND NO/100 - 44 , 000.00 ' with interest iron data at ~ rate ~ ELBVBN AND ONB HALT~er oeaturn (11.5 per annum on t6s unpaid balance tmtd paid. 1Ls acid principal sad iatetasi shaIl bs pal?abk at the afi'ios of - Post Office Box 1328, Passaic, New Jersey, 07055 - ~ _ - - , or at such otbee place as the holder mtyr designate is writing _ - delirered oe mailed w the debtor, is monthbr instsliments at Four Hundred Thirty-Six 4 / 1Ddlars -(s_ 436.04 ~ ~ first ~ ~ Harch , 1980 ,and continuing-on the - firstday oteach month thereafter unto thus note is ~ paid. earoept tbat~ ii not sooner paid, the final of principal sad interest shall be due and paysbb on the Brat day os February 2 1 Piiv~ags is reserved to prepay at any time, without premium or tee. Uhe-Mire indebtedness or any part tbwoof not less tDsa the aaaant of ooe Inda@mrnt, oc os~s 4nadred BoBits (8100.OOh whkhs~ i Ma Mpsa+assat ie Ma ~itdl ba credfisa ea the date rsaired. tartid parpaymeot, otMr thsa on as htitaBatsnt due dais, assn not tw ers~tsd sat8 ' the asst toSowLq(Im~eat dve dw or tblrty days attar such paepayrasnt, whkhster is eadle<. - , - If aqy da8ciency in the payment of any intallmsut under this note is not made good peior to ihs dne date et the nezt such matslinneath tbs entu+e p~.:ci~al sum and accrued interesti shall at once become dne and py- able withontnotice atthe optwn of the bolder of this note. Failure to exeerass this option shall not oonstttnts a waiter of the right to ewe tbs same in the event of any subsequent default,. In the event of detadt in the - payment of thrs note, and ii the same is eoilected b7 an attorney at Lw, ths.undersigned hereby agree() to pay aD costs of collection, including a reasonable attornsj'a fee. - This ants is escured by of even date ezecuted by the undessigned on certain ptopertj described therein and represents monsj~j used for the acquisition of said property or the improvemsatis tber+eon. _ - - - . pr+esenLment, protest. and notice are hereby waived. [mil - ne Elliott e- le~y~ - - - eanene H. Keller - - - - - - - [t~l And ehaD dull. pr~l~y, sad ~ p~~, , aim, ate, ~l~s, sad o~ply with and abide - i b each and - -the atipuLtians, - conditions, and ooveaaata of said Hate and of Chia Y the created shall cease and be nnII void. - then thw mortgage and estate here~? mortge,Ie, The Mortgsgae further cowe:,acts as folbvra: - l. That he w81 ppaay the indebtedness, as heninbefor+e provided. rs reserved to F~7 ~ ~y without pren4innn or fse, the entire indebtednaes ar nay part thereof notp~ the amount of one inatallmeat, or - one hundred doilaa (;100.00), whichever is feu. Prepayment in full shall be credited on the date received. Partial prepary~rneat, other than on an installment dne date, need not be credited mtil the nxt following installsvent due date or thirty days after such prepayment, whichever is earlier. - 2. In order more fully to protect tht security of this mortgage, the Mortgagor; together with, and in addition to, the monthly payments under the terms of the note aecuned hereby, on the first day of each month until t!?e said note is fully paid, will pay to the Mortgagee, as trustee, (under the terns of t.'~~ trust as herein- after stated) the following awns: - - _ ' - (a) A sum e4ual to the gcaur~d r~eate, if nay, Wert due, plus the premiums that will next become due sad payable on pdteaes et fire sad other hazard inenraace covering the mortgsaed property plus taxes and aseeeasnenta Hex! due on the moartaaged property (all as estimated by the Mwtg*gee an~ of which the Mort~or. is - notified) leas all sums lr~d~ paid therdor divided by the number of months to bdon one month ~ prwr to tha date when arch ground Hats, premiums, tauea, sad asseeements leoorae delinquent, arch snail to be held b1 Mortg~eeintrusttopayesidgc+oaadrento.P~~4~,aadapecialasseeaaneats. (b) The aggregate of the amounts Pr? pursuant to subparagraph _(a) sad those psy~e an the note seau+ed ~~+eb~~, ehi~li be p~.id in.. a jrnsat ea~eh month, to be spphai to the feliowins items is tte order ehdtated: _ - - - ~ (n arauud Hats, _ta~oes, assessments, fire, sad other hasard-_)nsuranoe p~miunw; ([A interest on the Hate secured hereby; sad - t (III) amortisation a[ the principal at said note. i Any.deficiency in the aanount of such aggregate monthly payment shall, unless made good b,~r tha Mores gagor prpr to the due date o[ the next such payment, eonstatute sa event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per cenWm (4°Jo) of any install- ~ meat when pad more than fifteen (15) days after the due date thereof to oovu the extra eacpease vnvolved in ~ handling delinquent pa rats, but such "late charge" shall not be payable out of the proceeds of any sale made to satasfy tha tbdaess secured hereby, uriless such proceeds are sufficient to drscharge the entire - indebtedness-sad a8 pmper costs and expenses secured thereby. 3: I[ the total of the pat-inents made hy- the Mortgagor under (a) of paragraph 2 prec~ing shall e~cceed_ tom' . ~ the amount of pa;~ritienta actually made by-the Mortgagee, as trustee, for ground rents, taxes and assessments, -e ~ and insurance premiums, ss the cane i:tiar be, sue-h caress shah be credited on subsequent payments to be made by the Mo~gagc?r for such items or, at Mortgagee's option, as trustee, shall b~ raiurided,to Mortgagor. If, i.y however, such monthly p~?vments shall not be aut8rient to par such itenw rdien the ecirie shall become- due sad ppaaytbk, then tha Mongagos shall pav to the Mortgagee, as trustee, am amount neceaeary to make rap the de ciericy. Such payment shalt bey made within thirty. (:i0) days after written notice from the Mortgagee ~ stating the amount of the deficiency, which notice may be given by mail. If at aao time the Iviortgsgor shall