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Home My WebLink About2308 The Mortgagor hereby oo~enants with the , ee~, th. ,o~~i tee ~ simple or such other eatate~ J any as is stated hse~sin; that be bras toll power ~ . ~'~*"`i°that~imd sr aforwd, that the land es tree ~+orae aid enoumbranoes ax~oept as herein ortgago: wW make snob furtbee to ps+oTe the afa+esraid title to said land ~ esid ir[atgagas a may be rerasoa- r,~q ~i4d u~ rho ~o wiul ~ psesoeisse~ ~ m'«7 Para thersot~ will t4a ~a F~_ erm~ Ar:~i~~~iat it tLs Mot~ot< ~ Ob' min ~~e D~IOtfpgM t6nt. plt~ pl'y ~tltq, O,t wkioD dwa fo8owio~ is a ~ubataotial oop~, to wit: Ft. Pierce i 33,500.00 January 30 ;19 80 : Irfoeida. Fioa Vltava Rsasnio,. the nndsesigaed p'~~(a) tQ ps, to SUBURBAN COASTAL CORP. ' , a capaatioa orgaaaised and esoistiog undee the L?ws of New Jersey . a odor, the prindpal enm d THIRTY THREE THOUSAND FIYE NUNOREO AND NO/100wwwwwwwwwwwwwwwwwwwwwwwDoilars (i33,b00.00 from dte the sate at .Eleven and one half Pm C 11.590 Pm ~ ~ nopaid ua~ P~ The said principal and itnterest ebs~It bs pralraWe at tbs atBos at Suburban Coastal Corp,, P. '0. 80x 1328, • Passaic, New Jersey 07055 ~ New Jersey , a st such otbee place as the bolder may de¦ignate is writing delivered a mailed eo t6s debtor, is moat~? metaUments at Three hundred thirty one b 99(1t~a 33t .99 sommenedns on the fist dy of March , 1980 , ~ e0o~~i ~ ibe east dad of each month thererdter untl Ibis note is fully paid. s:oept that, if not sooner paid, tbs 280n1alOpayment of psiaoapal and interest shall be du_ a and pyabls on the first da,1? d February , Pdiikge is reserved to preps at say time, witLont presainm or fee. tbs enters indebtedness o: aqT Part thsreot sot lees t6si tM amorsat of oar Wit, oe oaa Y~ad ioWes (;100.09, whk~ is lay. Aropai?mrat is lull sYaa Oa eiedited es tM dots rrosbed. Part~l pmt. otlsec tiaa oa an IasteWnerst dw dote, ased set 1» ardigd oats the sszt teiowhsj lesWfroaeat due date oe tWeq? dyes attar sash prapaysseast, wlaklyeNr is Helios. : Yf any dsBeiency in the pay t of v!J intallment under this note is not made good prior to the dne date at the nwt web imtvlment, tLa e~nt3re ~ sum sad accrued intaz+est sLaU at.onos become dns sad paJ- able witbotrt noti~os at the option of the of this note. Failure to exesviss. this option shalt not coos4Wte s? waivetr pt the r1g~t io eocee+oiss the Sams in the event of any subaequsnt default In the event of defadt in the ~ paymsut of this none, and if tme same is collected as attonse~ ~ Lw, the hereby agtros(~) to pnJ aD costs of collection. including a restis~ibte ~'s fee. This note is secured by nnntga$!s of even date s:ecnted by tbs nadeeaagned an certain property descnbed tber'esn and rspreseats money w . aced for the acqursition d acid psopert, os: the lmprovemsnis tb~er+eon. ptesantnaent, protest, sad notiaa are hereby waived. /SL Raym~nd A. Buehby Raymond A. Bushby ~S/A na K, Bushby t~l [mil j And sba11 daily, pm~nptly, and folly Perform, discharge, execute, egect, complete, sad owapiy with and abide by each and ever~r the stipuLtiaos, ante, oanditiooa, and ooveaants oi• said note and of this ! mort6,aae, then than mortgage. and the estate homey eeeated shaIl cease and be nuII void. - The Mortgagor furtlser covenants ere follows: 1. That he will ppa?y the indebtedness, as he:~eiabefora provided. v~e~e rs served to prepay at any time, without premium or fee, the entire indebtedness a any part thereof notpl~ees than the amormt of one ineRallmeat, or one hundred dolisa (:100.00); whkheaer it iew hepayment in full ehaU be er+edited on the date receiPed. Partial prepaSruunt, other than on an imtallmeot doe date, need not be credited until the nest tollowio= installment due date or thirty days after arch prepayasast, whicherer.k earlier. 2. In order more fully ,to protect the security of this mortgage, the Mortgagor, together with and in addition to,.the monthly payments under the terms of the note secured hereby, on the first day of eac.~s month until the said note is fully peed; will pay to the Mortgagee, as trustee, (under the ternas of this trust as herein- after stated) the following awns: (a) A sum e4uai to the ground r+eats, d any, nett due, plus the premiums that ws71 nest become doe and payable on poleaxes of fire and other has.rd rnsarrance ooveriag the meshed property plus tames and aseessoiaeats next due on tbe`mostgaged property (all as estimated by'the Mortgagee an~ of which the Mortgagor is notified) lees all Bums already paid thesdor drv~d by the number of months to beton sae month prior to the daze whm each ground rents, pssmiums, t+uoes, land aaeeeenaeats Leoome ddinqueat, such snnes to be held b'? Mortg~eeiatcusttopaysaidp+ormdreata,premiums,ts?:es,aadspeci:lasseesmenta. (b) The aggregate of the amonnb petnuant to subparagraph (a) and thas ppss on the note secured , sbiaU be paid in a impaymeat each month, to be applied to the t~ items in the ordee ~ m ge+otmd rents, t::e., asseeemeata, fire, and other basard insurance premiums; (In iatsreat on the note seatred herby; and (IIn amortisation of the principal of said note. My.deficiency in the amount of such aggregate monthly payment shall, udess made good by the Mort- gagor prpr to the due date of the next such payment, coastatute an event of default under this mo AL Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centum (4qo) of any ment when more than ~f .teen (15) days otter the due date thereof to Dover the calve expense involved in handling decent pa nN, but such 'late charge" shall not be payable out of the proceeds of any sale made to sandy the tasdness secured hereby, unless such proceeds are sufficient to dsscharge the entire indebtedness end all proper costs sad expenses secured thereby. 3. I[ the total of the ps~-inents made h • the Mortgagor under (a) of psra{trapli 2 preceding shall exceed IPs1 the amount of payments actually made br tie Mortgagee as trustee, for ground rents, taxes and assessments, .o sad insurance pre»iiuii?s, as the case roar be, such excess a~iall be credited on subsequent payments Lo be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If, however, such anont}dy psyments shall not lk sufti~ient to par such items when the same shall become due and ppaa ble, then the Mortgagor shall pay to the Mortgagee, as trustee, am amount necessary to make rep _ the def?~iency. Such payment shall be niade4within ll?irt (:30~ ids~'s after written notice from the Mortgagee ~ stating the amount of the deffcietnc,Jl isrhieh notice m~j~ b~Given by mail. It at any tune the Mortgagor shall