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The Mart~aior herb) coveaanta with the M that 6e is ' sei:al~'~d lead is fee
or such other seta if aqy as ~ stated herein; that boa toll power and b alright to ooov the earns
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~t3~at tbs 1~~ fns ~m vt +ocumbranoes ~cospt as herein otherwise rested; that aid~o~rt;a~or
assrs+snoee p~+eve tLe afor+eMrd tiNa to said land iq Mid Mc~ctgsges as may bs reason.
r~q Hind, first said M does hertib~y warrant the tills to Mid lead, and rreey pars thenot,
~w~t detead tbs Mme api~osta i~ L?wta1 elaiaes of all peerona whoasor+?ar. .
1'sovmso Auwasa that if tM Moet~a8oe atiiD peF ttatie the Mo:igsgee that osrt~ain p:~o~missotry nobs, oI
whioh ~ ~ it a snbstantisl aop~, to wiR ~ ~ Port St. Lucie . I+foeida.
February 20 ~ 19 80 •
Fos VaLOS RsaQVm, the unda+eigasd pe+oarise(s) to prt, to .
SUBURBAN COASTAL CORP. ~ a ~ ~t order the
hws d the State of New Jersey , or order, the principal sum d FORTY ONE THOUSAND AND no/100--
---------------------------------------~-Dollars (i 41,000.00 with iateeest from date at
tors rats d TMELVE pee oentnm ( 12 9(0) per aaauaa m the nirpaid baLacs uat~ paid.
The said prineipal end interest shall bs pyabie at the cAios d
SUBURBAN COASTAL CORP. - P. 0. Box 1328
io Passaic, New Jersey , ar at sash other rises as tbs odder myr dedgrrats is writing
deiioered oe mailed to"the debtor, in monthly installments d FOUR HUNDRED TMENTY-ONEi89/100--aollan
(i 421.89° s on the Srst dsd? d April . 19 80, earl oostinuing m the
first ~j? e[ aacL anonth thereafter unto this note iir fully Paid, earoePtt~,~, d not sooner the Snal payment
of principal and interest shall be dos sad psysble on the fist dwr of March , 201
Rriilsge n.er.ed to Pn .t say time, without presaiun4 or lees the antis indebtedness or soy rase
tharsot sot Nee then the ansosrst o[ oaa iat, ar oat hond~ad ors (=200.00), wLkia~wa la lar. t b inH
shag bs eiedited as ~ dsls reoel~sd. Teetirrl paepr4Yrass>t, othee than oa an ia~eot ire late, seed sot M easditisl reatq
the oeat fo/owlsj iratd4iaept dpe date or thirty dgrs attm wreb pe~payrasat, whkbaNC !s eadie~ .
It aqy ~de6cianoy in the t of any installnaenti under this note is rot made flood prior to the due date
of the nest ouch iastallmsnt,
t~sMira ~ sum and aamved interest shall st oooe become due sad Pay-
able witbont notice at the option of the of this note. Failm+e to exercise this option shall not constitute
• waive of the right to earer+ass the same in the event of any subsequent ddault. In event of default in the
payment of this note, and if the ums is oolleoted by an attenrey at Lw, the u~ats~ned hereby ege+es(e) to
pay all costs of collection, including a reasonable attorney's tee.
This Hots it iecueed by fags of even date executed by the nndeesigaed oa eertaia property described
therein and represents a'ronsynxM~~s used for the aLOqui~itioa of Mid propel or the improvements thereon.
Presentment, protest, sad no~4ata,~aro hec~aby waived.
_/s~_Robert_Daniel_Moore, Jr.
/c / Aran Mnnra - ~~i,~
GF1E1~ ~IO~RE - ~ '
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t\ NM
And shall dah?, promptly, sad fully parfornq, d'r~char~_.ex+eeutq:eQQOt„eoa}p)ete, sad comply with and abide
by each sad ever~r tare stipulstians, a~+eementa, oanditions, and aovenaata of , note sad of this
mortgsge, tbea thrs mortgage and the estate Lm+"eby ar`eated shag cease sad be ad!! void.
The Mortg~rgor further ooveasata as folio~ws: ~ - = .
1. That he wdl pay ibe indebtedness, as bereiabefa+e provided. P~iivikgeis reeaved to Pnpsy at say time,
without premium oc fee, the entire indebtedness or say part thereof not lees than the amount d one iaatallmeat, oe
one hundred da0ats (=100.00), whietrener is lean. Prrpayment in toll stroll be credited on the date teeeived. Partial
prepay?esent, other than oa an meat due date, need not be credited mttii the next followia` installment due date or
thirty days after sash prrpayrnent, wbidrevet is earlier.
2. Jn order men fully to protect the security of this mortgage, the Mortgagor, together with, and in
addition to, the monthly payrrrenta under the terms of the note secured hereby on the brat day of each month
until the said note is fully paid, will pay to the Mortgagee, as trustee, (under t~re terms of this trust as herein-
after stated) the followrng awns:
(a) A sum equal to the ground rents, if any, Wert due, Plus the premiums that wr~l Wert become due sad payabb
m pdx;res d fin sad other hasard iaarraaoe coveting the mortgaged p~eoperty Pena taus sad asseesmeats
acct dne en the mortgaged property (all s. estimated by the Mortgagee aa~ d which the Mortgagor is
aoti6ed) lees all Bums ainady paid tber+efor divided by the number d marths to before are month
prior to the date wbea ea~chh grnuad rents, psmiums, fasces, sad aesesernenta tieooerre delinquent,
sash suer to be held by Mortgageeintrusttopayeaidgroundreats,premiums,taus,ardepec;ala~e~eeeements.
(b) The aggregate d the amonats pa parwraat to snbparagraptr (a) sad those oa the nee adxrr+ed
sbaII be paid in • singe
~pyrmmt each month, to be applied to the f~ items in the order
m grovad nnta, ~ assesearmte~ ere, sad other hasard iasuraaoe premium.;
(in intre.t an the note warred her+eb~; sad
am amortirration d rasa iPd d said sots.
Any.deficiency in the amount of such~rggregate monthly payment shall, unless made good by the Mortr
gager prpr to the duo date of the next s chh payment, oonstrtute an event of default under this mo ;ag
At Mortgagee's option, Mortg~g~r will pay a '.late charge., not ezoeeding four per centum (4~) o! any i~i~~talj-
ment when pad more tbaa gfteen (I5) da~?s after the due date thereof to cover the extra expense involved is
haadling delinquent ps menu, but such 'late charge" shall sot be payable out of the proceeds of any sale
made to sandy the m~btbdaess secured hereby, odes: such proceeds are suffrcicnt to dischuge the entar+e
iadebtedrress and all proper coats and expenses secured thereby.
3. If the total of the pa~-rnents made b,,• the Mortgagor under {s) of paraltrapl? 2 preceding shall exceed
the amount of payments actusUy made by tt'e Mortgagee, as trustee, for ground rents, taxes and aaseasments, -~s
and insurance prenriurrra, as the cane may be, such excess sl?alt be credited on subsequent payments to be made
by the Mortgagor for such iterna or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If,
however, s~h monthly payments a)ra11 not !x~ aufl5ciertt tq v such items when the same shall ba~ome due
ta~ payabk, then the Mortgagor shall pay to thl bibrf{taKere~e, as trustee, any amount nect~ssary W make np
e crency. Such pa~-ment shall be rnauie within thirty (30) da~^a after written notice from the Mortgagee ~
stating the :meant of the deAciencv. which notice may be s!iven by mail. If at acv tir.u, the tu~*,a...,.- _r._»