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The Mortgagor hereby taoeenants with the M eta that hs is indete~ ~ of m !es
Bias !e or sutit other esiatet >,t any 'ss is stated herein; that hats full power and !h t to uo a same •
era a~oreaid; that the land m tree from sU encwnbrsnoas exexpt as hesreus otfierwisn reexted; that said ~Nlortgagor
will make such further beunaoes b prove the atoressid titb to said land is said IKortgsgt!e as may bs nAaaon-
ab~j req nit ed, and tb~ said Mortgsg~ee does hereby i warrant the title b said isad, sad eery par0 tliereot,
need will defend the acme sgaicnat the lawful aL?iurtr of~ penoaa whomsasver.
PuovtasD At.~?ata that if the Mortgagoz shall pay nab the Mortgages that oettain promirory sots, o~i
which the folbwing is a substantial Dopy, b wit:
i 45,900.00 _ - • Stuart , Floeida.
January 30 ' 19 80 . -
. - Foe Vnws Iiscmvso, the procaiae(i) b pay b
SlJBURBl1N COASTAL CO>tP.
a eoarporatioo agaaised and wtdsr the
bwa ert the State of New Jerseys or ~Q>tTg-FI9B THOUSAND NINB HUNDRBD
AND NO/1 .00 with iateu+eat iron data at
the tats eE[ Bleven and oxte--half Pw ~tum ~~~•ad?um au tbs_ unpaid balance until paid.
The et~id principal and interest shall be payabM!' ~ 'r -
SUBURBAN COASTAL CORPi' ~ " ~~~t ~
- rz~_ . e _ _ t.
is Passaic New Jeraeq 07055 . ar ~ eue~ otlser P1aoa as the holds: mty? deeo~oate in writitag
detirered or maned to the delbr, ~ ~ I+our hundred fifty-four and 87/It~11ars
(i 454. $7 aom~nenciag stn the Brat dal ~ March , l0 80, and continuing on the
Brat dad of each month thereafter until ~thia rote is fully paid, except that. ii not sooner paid, the Snai papment
of prinppal and interest shall bspsdue and payable on the first day of February 2010 .
t6eieof~ ot~lsesa t6sn.the amouo~ of a
e~irotiitmeat, one
bna~rsd~doNaes (1109.00),whk~a ebtednees or any part
1!lePeyment is Aril
daft be credited on the date t~ealred. Partial peepwymaat, other Haan on an iostdlmeat dun data, creed not be aedited antil
the next foMowi~ imtailuaent due dare ~ thirty days after wch ptepgrassnt, wbiclte~et k
If any deficiency in the payment of any installment under this note is not made good p: for ta. the due dais
of the nezt such tnatallanent, the entire princ>pai sum and accrued inta+eat shall. st once become due and
able without notice at the option of the holder of this note. Failure b exercise Ibis option shall not oonahtuts -
a waiver of the right b eserdse the same in the event of any subsequent default. In the event of default in the
payment of this note, and if the name is collected by an attorney at L?w, the undersigned hereby agree(s) to
pay all costs of collection. including a reasonable attorney's fee. -
This note is secured by mortgage. of even data executed by the undersigned on certain property described -
ihereia sad sepresenta money actually used for the sequiaition of said ps+opertay or the imprrovements tbse+eon.
PY+esentmesnt, protest, and notice are hereby-waived. -
/s~- Jeses Rrull - [ger?i.]
JA1~S RRUIZ - -
- MARIA 8. KRULL -
[tl>sAL]
- [~?LJ
And shall duly. P~POY, and fully. perform, discharge, execute, egect, complete, sad comply with and abide
by -each and ever~? the atipulatioas, agreements, e>~ditiona, and oovenanta d eatd promissory note sad of this
mortgage, then this mortgage sad the estate het+eby crested shall crease sad be Hall sad void. _
The Mortgagor further coveaaats as follower
1. Tbst he will ppa~y _the indebtedness„ as hereinbeste>:+e provieled. Firivikge is reservesd to PAY ~ ~Y Vie,
without premium or fee, the entire indebtedness or any part thereof-not kss than the amount of are iaatallrneat, or
oQe hundred dollars (=100.00), whid~ever s less. Prepayment in fun shall be eredit~rd ew the sate receives. Partial
PmP94?mentpo~ther Wan oa an installment due da~tle.,~seed not be credited cmt0 the next following installment due date or
thirty : ryS alter prepayment, whR7,Cper ~ ea{,iii.
2. In o: per more fu11i to protect the security of this mortgage, -the Mortgagor, together with, and in
addition to, the monthly pa~•ments under the terms of the note secured hereby, on the first dati of each month
until the said note is fully paid, will par to the ~forigagee, as trustee. (under the terns of this-trust as herein-
after stated) the following Burns- - -
(s) A sum equal to the ground rents, if say, next due, plus the premiums that will nerd become due sad payable
an policies of 5re sad other hasard Insurance covering the mortgaged property, Plea taxes sad assessments;
next due on the mortgaged property (all sa estimated by the Mortgagee and of which the Mortgagor is -
notifiedj less all sums already paid therefor divided by We number e>f moatha Lo elapse bedore Drys month
prior to the date when such ground ants, premiums, taxes, sad asaeasnnenta will become delinquent,
such auras b be held by Mortgagee in tniattopsy said ground rer?ta, premiums„ tares, sad special asseasmnenta.
(b) `The aggregate ed t}ne amounts ps pursuant to aubparagrspb (a) and thoe~e payable an the note secured
benb,~, shill be paid in a ~e
p~sYment each mouth, to be applied to the fslkwing items is the order
~d _ sad atber )zasard insurance premiums;
(IT) iatereat on the note secured hereby; sad
- (III) amortisation of the principal of said note. -
~Any deficiency in We amount of such aggregate monthly payment shall, unless made good by the A~iort-
gagor prtor tef the due date o[ the next such payment, coast:tuts sn event of default under this mortgage.
At Mortgagee's option, blortgs~~r will pay a "late charge" not exexedingfour-per centurrt (4%) of nay ins l-
ment when paid Tnora than Sfteen (15) days after the due date thereof to Dover the eactra esxpease? involved in
handling delinquent payymments, but such "late charge" shall not be payable out of the proceeds ~f any ante
made to satisfy the tndebtedne~s secured hereby, unless such proceeds ayes sufficient to drscharg+e the satire
indebtedness and all proper costs and expenses secured thereby. ~
3. (f the total of the patine--ts ruad~ b,)- the Mortgagor under (a) of paragraph 2 preceding shall exceed
the amount of payments aetua}Ir ma,l~ hr t}'e }Mortgagee, as trustee, for ground rnnts, taxes and assessments, ~
and insurance premiwus, es the rase ma~• be, such excess shall be credited on subsequent payments to be made . ii
by the Mort r for such items or, at I?iortgagee's option, as trustee, shall be refunded te? 11~ortgagor. 1f,
however, aut• monE}dy payments slsal~ not be suf~irient to pay sus~h items when the aur,e shall become due
and payable, then fife MorigaRor shat pay to the?~Mongagee, us trustee, any aruount necessarryy to make up
the defscienc}•. Such pa~•rnent shall be made within thirty* (:i0) da~~s after written notice from fire Llortgageae
statine the amount of the deficiency, which notice may be given by mail. if at say time the Ivlort~nr .h.aa