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HomeMy WebLinkAbout1520 r prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays lender all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, it any, had no acceleration occurred; lb) Borrower cures all breaches o[ any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in enforcing Lender's remedies as provided in paragraph 1 R hereof, including, but not limited to, reasonable attorney a tea: and (d) Borrower takes such action as lender may reasonably require to assure that the lien of this Mortgage. Lender's interest ` in the Properly and Borrower's obligation to pay tte sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full torte and eBect as if nc~ acceleration had occurred. 1 20. AssiRo~aeat of Reats; APpois>fttseat of Receiver. As additional security hereunder, Borrower hereby assigns to 11 Lender the rents of the Properly. provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon- ment of the Property, have the right to collect and retain such rents as they becon'e due and payabk. Upon acceleration under paragraph 18 hereof or abandonment of the Properly, Lender shall be entitled to have a ~ receiver appointed by a court to enter upon. take possession of and manage the Property and to collect the rents of the Property. including those past due. All rents collected by the receiver shall be applied tint to payment of the costs of management of the Properly and collection of rents, including, but not limited to, receiver's tea. premiums on receiver's ! bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account only for those rents actually received. 21. Future Advances. Upon request by Borrower, Lender, at Lender's option within twenty years from the date of this Mortgage, may make Future Advances Io Borrower. Such Future Advances, with interest thereon. shall be secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, not including sums adv i~cced i ~c~ordance herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS• ~S,Qt~• cJC) . 22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all coats of recordation. it any. 23. Attorney's Fees. As used in this Mortgage and in the Note. "attorney's tea" shall include attorney's tees. if any, which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. _ ' Signed, sealed and delivered in the presence of: /G V1~ i' Seal ' ' ' ' ' ' ' ' ' ' ~'r eiick Dtirifee ' ( ) ~ --s«rowK .(Seal) Lillian Otutfee, a/k/ -aOf'01M" r1EW JERSEY MERCER Lillian F. Dtmfee ~ STATE OF>~II~AYiBA; ..........COtlltty SS: . I hereby certify that on this day, before mc, an officer duly authorized in the state aforesaid and in tbe county aforesaid to take acknowledg~:ments, personally appeared..$RgP~CK .4~Fi~..~'1d.frll~t~~'l .4Ul~FF~... ,a/,k/a LILLIA>!L F...DZRIFE6... his .wipe......., to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that they...... executed the same for tbe purpose therein expressed. _ , WITN my hand and official seal in the county and state aforesaid this..... 3..........day of s .4~!.L 19.50.. NAITER Y. tiCO1T ` ;'1J •N{y.Comtnission expires: t10TAlir P1plIC OF NEVI JE<1SEY l~Ix I ; . " M Coa~ios Essisa.Mr 2i~ tgst ,.•~~+=+i~ Notary Pubtie t • f (Si>~ a.io.. This LiM Rsforvs0 Fa t.endsr srw RooOrdstl I ' s 492184 1960.110. ~9 MI I1= ~2 : ~ r. I r ~ ~0 # ~ ? ' • ~ ` , i ao~K~4 PacE~J~.~ ~ _ ~ _ -