HomeMy WebLinkAbout0646prior to entry of a judgment ertfu~cing this Mortgage if : 1 a f S~rrawer pa~•s l.cndcr afl sums which wou1J be ~hen due u~Jer
this Mortgage, the Note and notes securing Future Advaocrs, if any, had no acccleration a:cu«ed; l h! Ba~rowe~ curec
all breaches of any other co~enants or agreements of Borrawer,contained in this Mortgage; (c) Borrawer pays all reasonable
txpe~ses incurrod by I.ender in etifotcing the covenants and ag~eements ot Borrawer cantained in this Mortgage and in
enforcing Lender's remedia as p~ovided in paragraph 18 hercof, including, hut not limited ta, reasonable attorne)'s fees; and
(d) Hurrower takes such action as I.ender may reasonably reyuire to assure that the lie~ of ~this Mortgage, l.e~de~'s i~tecest
in the Property a~d Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaircd. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in lull force and effect as if
no acceleration had accurred. .
20. Assigament of Rents; Appolntmeat ot Receiver. As additional security hcrcunJer, Borrower hereby acsigns ,~o
l.ender the rents of the Property, provided that Borrower shall, prior to acc:eleratian under paragraph 1R herec+f or abandon-
ment of the Property, have tfie right to co{lect and retain sucfi rcnts as they became due and payable.
Upan acceleration under paragraph 18 hereo( or abandonment oI the Property, l.ender shall be entitled to have a
receiver appointed by a coun ~o enter upon, take possessian of and maoage the Property and to collect the rents af the
Property, including ihose past due. All renls collerted t-y the receiver shall be applied first to payment of the costs of
management of the Property and collection vt rcnts, including, hut not limited to, receiver's fees, premiums on receiver'ti
tx~nds and reasonable attorney's [ees, and then to the sums secureci by this Mortgage. The receiver shall be liahle to acc~unt
only for those rents actually received.
21. Future Advances. Upon request by Borrow•cr, l.ender, at l.endcr s option within twenty years from thc date of ihis
;1lortg~ge, may make Future Adva~ces to Borrower. Such ~uture AJvances, with interest thtreon, shall he secured by this
Mortgage when evidenced by promissory• notes stating that said notcs are secured hereb~•. At na time• shali the principal
amount of the indebtedness secured by this Mortgage, not including sums advanced in accor nc rewith to protect the
secur~ty of this Mortgage, exceed the original amount of the Note plus USS . .. .... ......:~~~~Q~~~ ....
22. Rdease. Upon payment of all sums secur~J by this Mongage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if an}•.
23. Attorney's Fee;. As used in this Mortgagc and in the Note. "atu~rney's (ces" shall include attorney's fees, if any.
which may be awar:ied by an appellate cuurt.
IN WITNE5S WHEREOF, Borrowcr has cxrru.cd this Mortgagc.
Signed, sealed and delivered
in e esence of:
... ~. .: _~~~~ . ....... .. .. .
~"
~G~i`f~D:"~!'/. (.4~':c~~ . . . . . . . . . . . . . . . . .
.[
~z~ r: ~ C~
. . . . . . '~r-~-. . . . . . . . . . .cSca~,
' ' ' l'rthur 'W: ' Go'v'e ' ~,~,,,~,
' `~- 3 ~ .~~ . . . . . . . . . . (5ea1)
- ' ~fa'r~o~ ' A:' Gove ' ~o,,,w,~,
New Jersey, gerg+en ~}~7~
STATE OP ~ .............................. ........Countyss:
I hereby certify that on this da~~, tx:for~ m~, an otlicer du{}~ a~1~~~;c1~n ~h~~at~~~resaid anci in the couniy
af sai~i ~ talc~ a~;~c~~vledgements, p~rson:~lly .aQpeared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - - • - - • • -
°~aY`~~o °~e . ,,, to me knowntt~e~ thc p~rson(s) dcscribcd in and who cxccuted thc
..............................•---
forcgoing instroment and acknowledg~d bcfor~ mc thdt . .............cxecuted th~ s:~mc for the purposc thercin
~xpresscd.
W~Txsss my hand and officiat srai in th count~~ and statr aforesaid this . . . . . . . . . . . . . . . ~~: . . . .day of
. .. .. ..Q.F.-C~8~2 .. .. ... . .. ., f9.~. ... "
_.,,.,,,...,,, ~
M~~•~~~ ~..~ ~. . . . . _ . . . . . . . . . . .
; ~ •'~ .~~~ ', JEFFREY S. McLARf_N . . . . . . . . . . . . . . . . . - - - -
~~~~. ~~gNq ~+.' ARY PUBItC OF Ni:~ 1~^nS~Y Notary Publit
_ . 't~ ^ ~,'~~COtnm~ssion Ex~~res lar._ary 5, :3d! ~
s~~~~. ~ / _-
~~' .'• J ~ • ~'
~Z,~!.~ ' . 4 :
~'i ~,- .. -
j~~~t. ~ . _ ,
(Space Below This Line Reserved For Lender and Recorder)
aonK 347 P~cF 643
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