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The Mortgagor hereby ooveatats with Ws Mortgagee, that hs L'~~~~ land is fee
o~c such other estates d tqT as a stated herein; that he has toll power ul~~to ooa~ev the same
•t a3orestid; that the 4nd a fret ~rann oll eoeumbranfles etoept as herein otberv?i~a reo~ted; th+?t atid~iost~s~or
Nall mak0 suolt fusWer aesurar?oea t0 pros tbs atoremyid title to said land iD said Mortgages as aw bps re~so~-
aired, sod that said Mort~oc doeo hsrsb~ fulb w~rranti the at~3s to aid 4nd, and eery part theraot,
defend tbs Maass aRsiogO Iswtvl da~ooe of all pscaoaa whomsoever, ,
puQ~@~D ALNATo that ii the Mortgagor tbs~ll pq unto the Ddostg~es that certain prod?issory note, of
NhiOh the folbwiog Is ~ wbetaotial sopJ, to Nit.
= 41, 50iI.00 . Stuart , Pforitla. ;
February 19 .1980.
Fort ViLOS Rscasvso, tbs undo*~ed Pr~omiss(t) to py? to
SUBURBAN COASTAL CORP.
s eoeporatian ae~pnisad and eadating ender tbs
bws d New Jersey , a ceder, tbs priadpal anm d Forty One Thousand ~ ;
Five Hundred Dollars (i 41, 500.00 with interest from date at ' ;
tbs rats d Twelve per oeatum (12 per annum on tbs unpaid balance until paid. i
Tbs said principtl and intareet shall be ps<yable at the e8ioe of Suburban Coastal Corp . ~
P. 0. BaY 1328, Passaic, New Jersey O?055
~ , a at ouch atber plans as the bolder ms~r deei~nate in
delivered or mailed to the debtor, in u,an:hly instaUmenta otP'OUr Hundred twe ty seven&04/
(i 427.04 ooh ~ ~ fuss d+U? d April , 1g~0 ,and oontiauiog oa tbs
Gist dq, d each month theretiter unto this cote is fully Paid. except that, ii not sooner paid, the final payment
of principal sad interest sLaU be due sad payable on the first day of March 2010
PrivBege is reeened to at nay time, without greeoium or fen the entire indebtedness or aR1 part
thweof not Isw flea the sa~oun-t of one 1mli~awat, a~ ow hundred ~ioWa (1100.00), wbkbe~nr i~ ~ls~s. Trepaymeat is t'nU
shaD be credited oe tM data rsaired. Tsrtid p>~~R other thaa on an fnsw9meat dse data, Head not be asditad until
the nest tosowing isstalhtisat dw date a thMy days attar weh ptepnymsaR w>1kMwr ie ese~.
If say deficiency In the pa t of say installment under this note is rot made good prior to the due date
of the nezt :auh mstallrnent, tLe entire prinripai sum and accrued iatm+est shall at cans beoomt doe and paw
able without notice at the option of the bolder of this note. Failure to exercise this option shall not eonatrtuts
a wiper of the ~?t to sarcise the same in the event of any subsequent default. In the event of default in the
payment; of this note, and rf the same is collected by as attorney at law, the nadarsigned hereby agr+es(s) to
pay all cosh of oollectioa, including a reasonable attorney's fee.
This Hots is secured by ggaaggee of even date eucuted bg the undersigned on certain property described
therein and represents maaeyauiMually used for the acquisition of said property or the improvements thereon.
Presentment, protest. and notice are ber+eby waived.
s/Donald E. Coyle
[e~•l
s eanne~teo~i.eCoyle
Jeannette.-M. Coyle
I~l
And ehaD duly, ~romPtiy, sad ~ p~~, 8e, ~P~, sad comply with sad abide
by each sad ever)r the atipulat~ons, agc+eements, ooaditions, and ooveaants d said promissory nosh sad at. this
mortgage, then the mortgage sad the estate hereby created shall cease sad be null and void.
I The Mortgagor further covenants as follows:
1. That be will pay the itrdebtedneas„ as hereinbefon provided. Priv~e is reserved to prepay at nay time,
without premium o: fee, the entire indebtedness or nay part thereof not lees thaw the amount d one inetallmeat, or
one hundred dollars (;100.00), rrhidkver b less. Ptepaymeat In [Ids doll be credited oa the date reeei*ed. Partial
ptepsymeat, other than on an installment due date, need not be credited uotii the next followin; in~alhneat due date or .
thirty days after such prepayment, whirbere: is earlier. .
2: In order. more fully to protect the security of this mortgage, the Mortgagor, together with'~end in
addition to, the monthly payments under the terms of the note second hereby on the first day of eac~ month
until the said note is [ally paid, will pay to the Mortgagee, as trustee, (under tt?e terms o[ this trust as herein-
after stated) the following awns:
(a) A sum ec)naI to the around ants, if any, neat due, pins the premiums that wdl Hers beoorne dae sad payable
on pduaes d fire sad other hasard insurance covering the mortgaged PropwtY, Plus taus and aeeeeerneats
ne~ct due m the mortgaged propmty (all as estimated by the biortgaaee and d which the Mortgagor is
notified) lees all enma paid therefor divided by the number d months to dapse before one month
prior to tbs date wbm~ ground yenta, premiums, taxes, sad sexasments wiiIIII tieoome delinquent,
such eemu to be beW by Mortasgeeintrmttoptyeaidarormdrmts,pnaviums,tazes,aada~pecialassmemeats.
(b) The aggregate d the amounts pa pursuant to enbparagrsph (a) a~ those ppaa on the note secured
shaII be pard is a yment each month, to be applied to the f~ items in the order
Mated:
(n around rents, taus, asseeennents, fin, and other bsurd insurance premiums;
(In interest an the note second ber+eb~r; and
(III) amortisation d the principal at said note.
Any deficiency in the amount o! sucks ante monthly payment s6aU, unless made good by the Mort-
8ag'm prgr to the due date of the next uch payment, eonst,tuts an event of default Hader this mortgage.
At Mortgtgee's option, Mortgagor will pay a "late charge" anti exceeding four per centum (4%) of say inataU-
meat when paid more than fifteen (15) da~ra after the duo date tberaof to Dover tLe extra expense involved in
handling neat pa~meats, but such 'Isle charge" shall rat be payable out of the proceeds of any sale
made to satisfy the rndebtedaess secured hereby, unless such proceeds ass sufficient to discharge the entire
i~ebtedness sad all proper costs sad expenses secured thereby.
3. It the total o~t the pafrrtenta made bF the Mortgagor render (t) of paragraph 2 preceding shall exceed
the amount of payments actuaDc made by the Mortgagee, sin trustee, for ground ants, taus and assessments,
and inwraaoe premiums, sus the case rosy be, such ese•.ss shall bt credited on subsequent payments W be made „r
by the M rtgagor for such items or, st Mortgagee's option, as trustee, shall be refunded W Mortgagor. If,
however, ~urh ntionthJy payments shall rwt be sufBrient to pay such items when the same shall become due
~ sad pa then tl?e Mortgatmr shall ptv to the Mortgagee, as truster„aqv amount necessary to maka rep
~ the de Such pa~-ment dull be made within thirty (.30) dt~~s suet whtfan notice from the Mortgages
datim6 the amo~t d the de6cieacy, which notice rosy be given by mail. If at a~ time the Mortgagor shall ~