HomeMy WebLinkAbout0392p~ior to e~try of a judgment enforci~g this Mortgage if: (a) Borrower pays I.c~Jer all sums which would hc then duc unde~
this Mortgage, ihe Note and noies secu~ing Future Advances, if aqy, had no acceleration occurred; Ib) Borrower curcs
al) breaches of any other covenants or agreemenu of Borrower,rontained in this Mongage; (c) Borrower pays ail reasonable
expenses iocurred by I.ender in enforcing the covenants aod ag~eements of Borrower cont•rined in this Mortgage and in
enforcing Leoder's remedies as provided in parag~aph 18 hereof, including, but ~ot limited to, reaso~able attorney's fees: and
(d) Borrower taka such action as l.ender may rcasonably requirc to assure that the lien of this Mortgage. I.ender's interest
in the Property and Borrower's obligation ta pay the sums secured by this Martgage shall continue u~impaircd. Upo~ such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and efiect as if
~o acceleration had occurred.
20. A.ssignmeat ot Reatx Appointmeat ot Recelver. As additio~al security hereunder, Borrower hereby auigns to
l.ender the rents of the Property, pro~•ided that BoROwcr shall, prior to acceleration u~de~ parag~aph 18 hercof 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 18 hereof or ahandonment of the Propeny, Lender shall t~e entitled to have a
receiver appoirited by a coun to enter upon, take possession of a~d manage the Propeny and to collect the rents of the
Property. including those past due. All re~ts colle~;ted by the receiver chall 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's
twnds and reasonable attorney's fees, and then to the sums secured by this Mortgage. 'il~e receiver shall be liable to account
only for those rents actually received.
21. Future Advaaces. Upon request b~~ Borrow~er, Lender, at I_ender s option within twenty years from the date of this
Alortgage, may make Future Advances to Borrawer. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are ~ecured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums advanc~ in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS. . .16,~,500.-00 . . . . . . . . . . . . ..
22. Release. Upon payment of all sums serured by this Mortgage, Lender shall release this Mortgage without charge
to Borrawer. Borrower shall pay all costs of recordation, if any.
23. Attoraey's Fees. As used in this Mortgagc and in the Note. "attorney's fces" shall include attorney's fees, if any,
which may be awarded by an appellate court. •
IN WITNESS WHEREOF, Barrowcr has cxccuted this A4ortgagc.
Signed, sealed and detivered
in the presence of:
`~C~~. ~Q . . . h: . . . . . . . . . . . . . . . .
~~ ~~ ~
~
New Jersey
. ..~-(~ ~ . . .~ :~ .. .. . . .. . . .. .(Seal)
Pa I. Cuff.ari -ea.owe.
~ '
~ Bett ~ .~ 'ffari . . . . . . . . . . . . . . . . . . .(Seal)
y -Borrower
STATE OF RlA3~i01,. HONHOLlTN .. .. .. .. .. . . . . . . . . . . .. . . .. .County ss:
I hereby certify that o~ ihis day, txfore m~, an oHicer duly authoriud in the state aforesaid and in the county
aforesaid to take acknowledgements, personally appeared. . . . P.~ll~.l~ .Guf~~r~l a?~d. ~~tk.yt .Jp, . . . . . . , , , ,
, Cuffari= , his, wife ,,,,,, ,,,,,,,,, to me known to bc the p~:rson(s) described in and who executed the
foregoing instrument and acknowledg~d be[or.: me that. .., theY.. .. .executed the same for the purpose therein
expressed.
W~rtvESS my hand and oflicial seal in the count~• and state aforesai~! this. ......~ s~. ...... ...day of
. . . .. .,~~:• :•~a?~r~r : . . . .. .. .. . . .. 19. . $~. ..
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M r _ ti ' ...~ ~: N~MI~A~ A~Tl1ri~~if~ ~ . -
j~'~ j''~; ~seai~ ~ Mr Oo~nl~ 6~r~s Ap~ 1~,1 . . . . . . . . . . Nasy ~cnc . . . . . . . . . . . . . . . . . . . . . .
ii•y;~c~ -+~~ - ~~~'.
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(Spsce Be1ow This line Reserved For Lender and Recorder)
1981 J,'-~i 20 P:' ~ 04
FtIE~ ~NC ~~(.O~+rt P
S ROGER PO ~~~Sa~
C:ERit CI,.~UiI CG1SitTfJ
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514~4
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ao~K.,47 PAGE 3y2
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