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HomeMy WebLinkAbout1008 . ` prior to entry of a judgment enforcing this Mortgage if : 1 a 1 Borrower pays Lender all sums which would be then due under this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred; 1 h 1 Borrower cures all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c1 Bormwer pals 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 i tees: and (d) Borrower takes such action as Linder may reasonably rsquirc to assure that the lien of this Mortgage. Lenderi interest in the Property and Borrower's obligation to pay the 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 force and effect as it no acceleration had occurred. 20. Assignment of Rents Appointment of Receiver. As additional security hereunder, Borrower hereby assigrts to Lender the rents of the Property, provided that Harrower shall, prior to acceleration under paragraph 1 R hereof or abandon- ment of the Property, have the right to collect and retain such rents as they become due and payable. Upon acceleration under paragraph 1R hereof or ahandonment of the Property, Lender shall be entitled to have a receivtr 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 first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver i twnds 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. r 21. Future Advances. Upon request by Borrower, I.cnder, at Lender's option within twenty years from the date of this Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest therrnn, 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 advanced in accordance herewith to protect the security of this Mortgage, exceed the original amount of the Note plus USS.. ~.1.,5$Q.OQ . . . . . . . . 22. Release. Upon payment of all sums k-cured by this Mortgage, Lender shall release this Mortgage without charge to Borrower. Borrower shall pay all costs of recordation, it any. 23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees' shall include attorney's fees, if any, which may be awarded by an appellate mart. IN WITNESS WHt:REOF, Borrower has executed this Mortgage. Signed, sealed and delivered in the presence of: - • -!~,(LL~~~I~/.~Ce~!.~'.. Qf~~ ~ Seal ~1 -6onv.re. tut/ G Seal " ~r!?. .VIfAA' Ir.' YREE ......-6orra.ra STATE OF 13EW JERS$X...........BERGErI ................County ss: I hereby certify that on this day, before m~, an officer duly authorized in the state aforesaid and in the county aforesaid to take acknowledgcmcnts, personally appeared.. ROBrERT .Li.. YRE>:I.A~iD.AND~. 21ALVIDTA. E........ . . VREELAND, .his. tzi.Le to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that ..............executed the sarm for the purpose therein expressed. Wt E my hand and official seal in the county and state aforesaid this. .3Q.day of ~.Q J , 19..80... I My Commission expires: /O/a9/g i ~ . . # ISeaq Notary Public ;~~t{I~11t;~:::rrr R 7 ~ ~ . tiv~=:- ~ ~ a I (Space Below Tbis Line Reserved For LenderarW Recorder) F • _495559 x ~ G(,R ~ K `~S~`a~~e 1980 AL's -8 All ~ 01 ~ _ ta~e`S S gIU~TMSA cowl r ca1~L, r BCOK~~ PAGE~ViA) . _ _ ~ _ z sr`i