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Home My WebLink About1943 i ~ I i~ i! F~R3T: The aforesa~d tw~o m~rtoage$ ~re h~r¢b~ ?~?e c~rdin~tp ~?d t~~~ ~?d G are hereby combinec~ axid consolidated, so ~bat together they constitute in lax Ii __3 ll 1 3 J uaiu 1~[3 cylii~y b~i~ o1a~ ~u3~r~-~a~~ ~ a 8~1~ =v~a.~ g'`~a~a~ lica up~~ ~~lc~ ~i-~.~~a ~~hereinb~fo~e referred to, with the same eff~et as thoug,h they x~ere one mortgage;~ ; ar?d that the premi~es hereinbe~ore referred t~,o are sub~ect to the paraa~ount ~ 13~n of such consolidated mortgages and are to atand as eecurity for the p~- ment ~hereof and tY~e lien of the m~rtgag~e reci~ed in Paragraph 1 hereof ig hereby spread to encwnber and became a lien upon the a,dditional lands referred ~~to in the mQrtgag~ referred to in Paragraph 2 hereof~ and it is agreed that the premises referred to in the ~rtgage referred to in Paragr~ph 2 hereof are ;i and sha1.1. contriz^e to be sub~ect to the lien of aaid t-wn m~rtgages as hereby ~~consol3dated w3th the same force and effect as though the description therein ~;contained had been initially ar~d originally included in the description of the ~m~rtgage recited in Paragraph 1 hereof; that the entire prem3ses as described ~~jin the mprtgage referred to in Paragraph 2 hereof are sub~ect to the paramount i!].ien oP said consolidated ~rtgages and ~re ~o staud as security for ~he p~ym~n ~I of the debt secured thereby. ~ ,;3EOOHD: The aforesaid principsl bslances of seid t~ro notes, aggregating the i'princ pa1 swn of $75,000.00, with interest thereon from August 21, 1965 at the 1! rate of 6.10~, per cen~. per axirtum~ shall be p~3.d upon the date+s and in the ~ f! s~nAi ~ nri nnrl ni+"` ~.Z:°.~ s,~J~.2' 2t°, M.$ ~i?~0~.'I~ : ~2° ~'M,~.. 7~'.(1 M rl t~a ~ r r ~r., s~ t..~a.. ~ ~~accrued interest is due and p~yable on or before S~ptember 21, 1966 and a like ~ sum annual~y there~.f`ter on the 21~t d~y of September of each and every yeax to {iand including the 21s~ datiy of September, 1984, and th~ rea~e.3ning principal ~ be~1~ace and interest thereon at the above rate sha1.]. become due and payable on ~ ~ tre 21st of September, 1985, both principal and interest being p~yable at the office of th~ p~ree at Newark, in Ne~r Jersey or at such other place as the ~~holder of said notes ~ay designate in xriting, in lawflil m~neq of the United : States of America. i~ ; ~i Tf~RD: The pr~paymen~ priv3.leges now in effect sha11 be ~dif3ed ~nd that ~'hereaf`~er, effective as of and from the date of this a~re~nt, the folloWit~g j~prepayment privilege, agplicable to the present principal amAUn~ oP the indebts i~ edness a.~oresa.id, shall be en~orceable: Prior to Ten years fron date, privilege 3s giv~en to make additional pay~ents on the principa]. of this indeb~edness in sumos of $100 or mal.tiples thereof on a.,t~y ciate when interest becomes due and payable; provided, hawever, that the j'• am~unt so paid during a~r y~ar ending at an e.nniversary of the date fYom xhich ~~interest accruee hereunder, added. to obligatory principal payments, if ar~y, ' falling due ~rithin such one yrea~c period, sha.ll not exceed $15,000, provided }~further that sdditional payno~ents made under the term~ of this privilege aha11 at a~r time the~after, upon the written request of the awue~- of the prnperty ~1aecurfng this indebtedness, be consid.ered as having been made fn liefR of future = R j~obligatory principal pa~ym~en~e to tlu extent only of the amount of such addition al paym~nts. Prov3ded f`urther that aft~r five years and prior to ~en years from date, pay- ~ `f inent in i~il1 of tbis indebtedness me4Y be ~de on a.t~r interest due day if there ~ ; , is also paid a prepayment consideration of 2~ of that psrt of such paymen~ in ~ ° ' f1il1 wfi.tch -exceeds the am~unt tha.t may be paid, at the time of such pe4Yment, i ~ ~i without prepayment considera~ion. ~ 4~ ~ AFter ten yeara Prom date, privi.lege is given ~o make additional pay~ents on ~~the principal of this indebtedness 3.n sum~ of $100 or multip].es thereof on ~ i a~y date when intere8t beeo~es due and payable. i t ; ~ ~ This is not a new obligat3on to pay m~ney and the aforesaid original ~ notes sad mnx~t~$ges, and a7.1 their term~s, covenaats, condition$, agreem~nts and stipulations sha11 rem~.in in f1,i].l force and virtue, except a.s herein ; fi consolidated, coordirvated, m~dified and extended. i ~ ~i f~ i'~ t DR ~ t soaK j ( I' ~ -