HomeMy WebLinkAbout0727prior to entry of a judgment enforcing this Mortgage if: (a) Borrower psys Lender all sums which would bc then due under
this Mortgage. the Note and notes secu~ing Future Advaoces, it any. had no acceleration occurred; (b) Bor~owe~ curcs
all breaches of any othe~ covenants or ag~eemenu of Borrowe~ contai~ed in this Mortgage; (c) Borrower pays all rcasonable
expe~sas incurrod by Lender in enforcing the covenants and agraments ot Borrower containcd in this Mongage and in
enforcing Lender's remedies as provided in paragraph 18 hertof. iocluding, but not limited to. reawnable attorney's fea: and
(d) Borrower ukes such action u L.ende~ may reasonably require to ssaure that the lien of this Mortgage. Lender's i~terat
in the Property and Borcower's obligation to pay ~he sums secured by this Mongage sha!! continue unimpaired. Upon auch
payment and cw+e by Borrower. this Mortgage and the obligations secured hereby shall nmain in full force and effect u if
no acceltration had occurrcd.
.20. Assi~ameat ot Reab; AppoiataAent of Receirer. As additional secu~ity hercunder, ~orrower hereby assigns to
Lender the rents of the Property, provided that Borrow-,r shatt, prior to accekntion under p~ragraph 18 hercof or abandoo-
me~t of the Property. have the right to collect and ntain such rents at they becomc due and payabk.
Upun accekntion uader puagraph 18 hereof or abandonment ot the Property. I.ende~ sha~l be entitled to~ have a
receiver appointed by a court to enter upon. take possessio~ of and manage the Prooperty and to collect the rents of tt~e
Propeny. including thoae put due. All rcnts coliected by ihe receiver ahall be applicd first to payme~t of the costa of
managemant of the Properiy and collection of rents. including, but not limited to, roceiver's fees. prcmiums on receivei s
bonds aad reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shatt be liabte to account
only for those rents actwlly reaived.
Zl. Foture Adv~nces. Upon req~ust by Borrower. Lender, at Lender's option within twenty years fmm the date of this
Mortgage. may make Future Advances to Borrowtr. Such Future Advances. with interat thereon, shall be secured by this
Mortgage wheo evidenced by promissory notes stating that said nota are secured hereby. At no time shal! the pri~cipal
amount of the indebtedness secuted by this Mortgage. not including sums advp~j;~ in accordance herewith to protect the
security of this Mortgage. excad the original amount of the Note plus USS. N~t~ . . . . • • • • . • • - • • • • • • • • • • •
22. Reka~e. Upoa payment of all sums sccured by this Mortgage. Lender shall rslesse this Mortgage without chatge
to Borrower. Borrower shall pay all costs of recordation. if any.
23. Attoroey's Fess. As used in this Mortgage and irt the Note, "attomey's foa" shall include attomey's fces, if aay,
which may bc awardod by aa appeUate court. ~
1N WITNESS WHER~OF, Borrower has executod this Mortgage.
1HI5 IS A BALT~O[~I NDR'i~GAGE AI~ID 1I~ FINAi~ PA~TT O~t TNE~ BAI.IAON
Signed, sealed and detivered D~U UpON MATURI'IY IS .$II,575 .20, 1bC~'I~~t WI1I~ AG~QtUF~ II~IIF.~7FST,
in the vresena of: IF ANY, At~ID'ALL,AIyV E BY 7I~ NbA'~~E IR~ID~ ~
1~ ~ ~IIS MJR'I~ .
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4JIILIAM ~"f~N -BO"'0Mr"
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CAROI. M~T -eoro""'
N~a Jersey ~~ ~ -
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STA?E OF~ . . . . . . . . . . . . : ~ ~ G LW . . . . . . . . . . ~. . . . .COllilty SS:
1 hereby certify that on this day, before me, an officer duly authorized in the state aforecaid and in the county
aforesaid to take acknowledgements, personally appeared. .I~il.li,am.~!fe~eh~n.and. Cat~ol•~Ic7Gee~hari, ••••
.~5, 7~@ . . . . . . . . . .. . . .. .. .. . . . . . . .. to me known W be tf-e person(s) described irt and who eaecuted thc
foiregoing inswment and acknowledged before me that. . they. .. ... ..executed the same for the purpose therein
expr~ssed.
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Wtrrr~.ss my hand and official seal in the county and state aforesaid this. .... . ..... .. .. .... .. .day of
. . . . T~eC~aber . . . . . . . . . . . . . . . . . . ..19. . SQ ..
My Commission exp~ces: / ~~~ J,i ~ ~ / ~ , -
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Notary P1+~lic
(Spac~ BNow tAis LiM R~Nrv~d Fw UnNr ~nd R~oord~h
B~J~K •~ 4~ PaGE ~~ `t
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