HomeMy WebLinkAbout2437pnor to entry o( a judgmen~ enforcing th~s \tortgage iC: ~ ~ 1 Burruwer ~~~s Len~er all su~ns which would be then due under
~his M~-rtgage, the Note and notes secu~ing Fuwre Adv;,ncrs, if any, had no acceleration occurred; (b) Borrowe~ cures
all hreachrs of any o~her covenants or agreemrnts of Borrower cumained in this Mortgage; (c) Borrower pays aU reasonahle
expenses incurred by Ixnder in enf.~rcing the covena~ts ~nd agrecments of Borruwer eontained in this INongage and in
rnforcing I_ender's remcdics as prn~u±~.} ~~ r~~~g;~~,s~ ~~~i~~iif, in~;u~iis~g, hut n~i iimiieJ tu, rr~sunahie attomey's iees; and
Id) Borrower takes such a~tion ~s Ixnder m~y rca,unably rcyuire tu assure that the lien o( this Mortgage, Lender's interzst
in the Propert} and Borrower's ohligatiun to pa~• ~he sums serurecl b~ this Mortgage shall continue unimpaired. Upon such
p:,yment and cure by Borrower, this Mortgage and the obligatiuns ~ecured hereby shall remain in (uU force and efiec~ as if
nu acceleration had occurred.
ZU• Assig~ment ot Rents; Appointment of Recei~e~. A. ~d.lrtional .ecun~y hereunJer, Borrower hereby assigns to
Lrnder the rents ~if the Property, pru~•idc~ that Burruwer ch~ll, priur ~~~ :~cceleratiun under paragraph 18 hereot ur abandon-
mrnt uf the PropCrty, have the nght to rullec~ and retain such rents u t6ey become due and payable.
Upon acceleration under paragraph IH hereut c~r ahandonment of the Property, l~nder shall t~e entitled to have a
rece~rer appointed by a coun to enter upon, t~ke Fx»se~siun ot a~d m~nage the Property~and to collect the rents of the
Pruper~)', including Ihose ~st due. All rent~ colleratii h~• rh~~ rrreiver ~hall h!~ apptied 5rst !e p~ymeRt +.•f tltP ~~:~±: ~f
management of the Property and cuUrc~ion of rents, including, but nut Gmit~K1 tu, receiver'~ fees, premiums on recri.•er',
Fx-nJs and rrasonable attarney's (ees, anJ then :~~ the wm> >ecureci tiy thu I~lortgage. 'I~e receive~ shrll be liable ta account
unly for th~»e renls actually rece+ved.
21- F:nturt Ad~ances. U~n rcyuest by Barruwrr, l.cnder, ~1 Lcnucr'~ opt~on wilhin twenty years from the date of this
~fortga~, m:~y make F=uwre Advanccs to Borruwer tiuch huturr AJvanrr~, w~th interest thereun, sh•rll !~e secured b} this
~1o~tg~ge when evidenced by promissory nu[es ttat~ng that ,aid nutr. are xYUred hereby. At no time shsll ihe principal
amuunt of ~he indebteciness securrd by this Murtgage, not including ~ums adv:~nced in accordance herew~th to protect the
~ecurity of this Mortgage, etceed the onginal amount ot thr Note plus USS. .. -"--.'-"""'.""' ,.
22. Release, lJpon payment of all sums srcured by this Mongage, l.ender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordaUi~n, if any.
23. Attorney's Fees. As uscd in this :lortg~gc and in thc Nate, "attumcy's fces" shall include attarney's f~cs, if any,
which may be awardetif by :~n ~ppellate cuurt.
IN WIT;vESS WHERF.OF, Borrower has cx~cutcd this Mortgagc.
S~bncd. sral:d and delivered
in thr prrsrncc of:
i
<___-- _ " .
;
-r / ~ '1 ~ _.,. .•;
-.~_•.~.L~.A.Y. _.....J".....""'.._....
~~
, !~~ G~'{~
~~ , , ~~~
. . ./."~. ~~~~~-~' ~,,.'- ~-E--d.a. . . _ . . .. . . .(Seal)
~~ nald R. reault ~,,.~,,,~.
. , /.
~; C-Sr~-^~..~_ ~i_ --'_~_~<~y y~_ .''..(Seal)
•~--•
' Patricia A: Breault -so--oM,n
Sr~TF. ~~ ~~1~i/, . . . New JerseY . . 1. . . . . . . . . . . . IC~~i~r1~~ ss:
(~~`~ ~: in~~I. . . J.~ _ . . ~ ~1 _•~ ~ • ~ :~,1 ~ P-F, Q= ~
! hereby rertify tt~t on this dav, tkEore mr, an uNicer Jul~ authoriz~d in the state aforesaid and in the count~•
aforesaid to take acknowledg~m~nt., prrsonall~ ~p~xared. ..Donald _R. Breault_and. Patrieia At _
.....
.,.~3reault,_ his. wife. .. . __...., to mr krn~~~n to tx~ the pcrson(s) described in and who executed th~
~orcgoing instrument and arknowlr~ig~~i befurr me ~hse _..._ they .__.~x~cutrd th~ samr fur the purpusr therein
rzpresseu.
WiTtttss my hand and ofi~i.:ial tiral
-.:... ...$ebruarY ..............
. ~~v~~-. .
~ C~n~tliss~exp~res:
~: _
:t ,
' ,~ . [s~.+r
.~ <~ . ' ~A SC~LA 1R.
Y' t / ;,
~' ~`;..ZJOTA~i ,`V . ~t• , ;.~:i ~L ;9'~~{.~-
:7~J~ ~:i.z, n' ~~f~l~'t
. ~ ~~ ~ >
in the r~~un~t :sn~1 ~.tstr afuresai~i this. . . . . 13th . _ _ . , _ . , , _ .day of
19..81...
/~ - - ~ "
' `~ ; -- ,~,
................~.<-...-,..,•---... ._:......:.......
Naary Pue~~c '
(SOace Below This l+ne Reserved For Lender and AecerCery
L'~:~-.CC t,-~...- ...._. . 'J ~1J(~-.!
~~~..... .,, ~ _. _ . ~ . _.
I~°I ;!; ."; 3 ~ F'.. ~ ~4
-'~ir i~t^.!i`%i`. ;;
l... ~n . . ~f \
5~23y;~
~~~35~ ~.~2~33