HomeMy WebLinkAbout1193. ( ' `~
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prior to entry of a iudgme~t entorcing this Mortgage if: (~ gorrower payS L9nder a11 sums which w0uki be then due under
this Mortgage, the Note and notes secunng Future Advances, if any, had n~ ~icc~leration occurred; ibl 8orrowe~ Cu~es
all breaches ot any other CovenaMS or apreements ot Bo~row@~ coniained in MiS Mohgage; (c) Bonower pays all r@asonabte
expenses incurred by lend@~ in enforcing the covenants and agreements ot BOrrower contained i~ this Mohga~e and in
enforcing Lenders ~em8die~ as provided i~ pe,ragraph 18 hereot, inctudinfl, bui not iimited to, reasonabl~ attorneys tees;
and (c~ Bor~ower takes such action as Lender may reasonabfy'requir~ to as§ure that the lien ot this Mortgage. Lenders in-
terest in the Property and Botrowers obligation td pay the sums secured k~y thi~ Mortgage shatl continue unimpaited. Upon
such payment and cure by 8or~ower, this Mortgage and the ab~iga~tions secured hereby shall remain in tull lorce and eHect
as it no acceleration had occurred. ~` ~ ~
Z0. Assl~nm~nt of R~~b; Appolntm~nt of Rk~lv~r. As additional security he~eunder, Borrower hereay assigns
to Lender the rents oithe Property, ptovided ihat Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property, have the ~igh1 to collect and retain such rents as lhey become due and paysble.
Upon acceleration under paragraph 18 hereof or abandonment ot the Property. Lender shall be ent~tled to have a
recewer appointed by a court to ente~ upon, take possession of and manage the Property and to collect the rents ot the
Property, mcluding those past due. All rents collected by the receiver shall be appl~ed tirst to payment ol the costs oi
management oi the Properry and collection of rents, inctuding, but not 1lmited to. receivers tees, premiums on receivers
bonds and reasonable attorneys fees, and then to the sums secured by this Mortgage. The recerver shall be I~able to account
onty tor those -ents actually received.
~1. Futun Advanc~s. Upon request by Borrower, ~ender, at lenders option wUhm twenry years from the date ot th~s
Mortgage, may make Fulure Advances to Borrower. Such Future Advances, w~th ~nte~est thereon, shall be secured by th~s
Mortgage when evide~ced by prom~ssory notes stat~ng that said notes are secured hereby. At no t~me shatl the pnnc~pal
amount of the ~ndebtedness secured by this MoRgage, not including sums advanced in accadance herew~th to protect the
security ot this Mohgage. exceed the origina~ amount of the Note plus USS ~~ -'" ~~nQ~~ - n~ --`
2Z. Rst~as~. Upon paymenl oi al! sums secu~ed by this Morigage. Lende- shall release this Mortgage w~thout charge
to Borrower. 8orrower shall pay all costs ot reCOrdation, it any.
23. Attom~y's Fe~s. As used in this Mortgage and ~n the Note, "attorney's tees" shall ~nclude attorneys lees, it any,
wh~ch may be awarded by a~ appellate court
IN WITNESS WHEREOF. Borrower has executed th~s Mortgage.
S~gned, sealed and deiivered .
yn i~e presence ot: ,
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ISeat-
STATE OF NEW JERSEY
County ss: ~ergen
~+~~~~R~• County ss~
I hereby certify that on tt~~s day, before me. an off~cer dufy author~zed ~n the ~tate aforesa~d and ~n the county
aforPsa~d to take acknowiedgements. personally appeared
t:;rilil H. i'i• 3'1 ~~I~lI~ F'I~il i'7t; i'L~:t "I Z: J17C; 1,•):f -~E
• to me known to be Ihe persoMst descnbed ~n and who executed ihe
foregomg ~nstrument and acknowledged belore me that Borrower executed the same tor the purpose therem
expressed.
WITNESS my hand and oti~cra~ sea~ ~n the county and state atoresa~d Ihis ~~ day of
My Cor~;miss~q~ ~res:
_;: ~~,~; ~~ ~'' y ~:.
19l~-
~NOTARY`PUBUC Uf ~~~.. _ . ~ r`~ ~ v
~~ma~saioa E.~u~ Sept. 17. 1981 Notary Publ~~
(Space Beiow Th~s Lme Re5erved fo: Lende~ and Recorder)
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First ,".:r.:rs:~~ ;:1: C~:~~.aY af S~ lucse Caw~. IQ
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A-3098 6/79
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