HomeMy WebLinkAbout0967 Notv-UN~FORt+e CovENqNts. Borrower and Lender further covenant and agree as fallows:
l9. Acceleration; Remedies. Lender shs~ll give aotice to Borrower prior to acceleration following Borrower's
breach of any rnv~nant or agreement in this 5ecurlty Instrument (but not prior to acceleration und~r paragraphs 13 and 1~ ;
unless applicable law prorides otherwise). The notice shall specify: the default; ib) the action required to cure the ~
default; (c) a date, not less thnn 30 days from the dnte the notice is givea to 8orrower, by whIch the default must be cured; ~
and (d) that f~iiure to cure the default on or before tbe dAte speciHed in the notice may result in acceleration of the sums
secLred by this Security lastrument~ toreclosu.~ by judlcial prceeeding and sAle of the Property. The notice shall further
inform Borrower of the rigt~t to reiastate after ~ccelsraNaa and the cig6t to assert in the loreclosure p~oceeding the non-
existence of a defAUlt or aay other defease of Borrower to s~ccelerat~on and forecl~u~e. It the default is not cured on or #
before the date specifted in the notice, Leader s~t jts optioa may require immedixte payment in full of all sums secured by ~
this Security Instrumeat wiWout turt~rr ~lemand aed may foreclose t6is Security lnstrument by judicial proceeding. i
Lender sha!! be entitled to collect aU expenses incuned in pursuing the remedies provided ia this pnragraph 19, including, ~
but not limited to, reasonable attoreeys' fees and costs of titlc e~idente.
20. I.eader in PossessIon. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (by
judicially appointed receiver) shall be entitied to enter upon. take possession of and manage the Property and to collect the
rents of the Property including those past due. Any rents collected by I.ender or the receiver shall be applied first t~ ~
payment of the costs of management of the Property and collection of rent~, including. but not limited to, receiver's fees, ~
premiums on receiver's bonds and reasonabie attorneys' fees, and then to the sums secured by this Security Instrument. ~
Zl. Release. Upon payment of all sums secured by this Security Instrument, [.ender shail release this Security ~
lnstrument without charge to Borrower. Borcower shail pay any recordation costs. f
22. Attorneys' Fees. As used in this Security Instrument and the Note, "attorneys' fees" shail include any attori~eys' }
fees awarded by an appellate court. ;
23. Riders to this Seeurity Instrument. If one ar more riders are executed by Bonower and recorded together with
this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and ~
supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security ~
Instrument. [Check applicable box(cs)] ~
~ Adjusta~le Rate Rider Condorninium Rider ~ 2-4 Family Rider
? Ciraduated Payment Rider Planned Unit Developrr.e~t Rider
Other(s) [specify]
BY SIGNING BEI.Ow, Borrower accepts and agrees to the terms and covenants contained in this Security
Instrument and in any rider(s) eaecuted by Borrower and recorded with it. ~
Signed, sealecl and delivered in the presence of: ~
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~b'...-••........... -eo.~owe.
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••~~R~`SA .~S~Sb~ ~'f,Y.O -eorrower ;
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New Jersey
S~Q~Z3biIF~. So?qe~~~t. . . . . . _ . . . . .County ss: t
STATE OF
Q ~ . . . . . . . . . 19 before me the undersi a. #
On this . . . ~ . . . . . . . . . day of . . . . . . . . - - - . . . , . , , 8~, ,
Notary Public in and for said County, pc onally appeared. . . Gerald .R~~~o~~Q~.~O. ~nd .Teresa.. . . . . . . .
Russoniello, His Wife and acknowledged the execution of the foregoing instrument. ~
W~TNess my hand and official seal.
My Commission expires: . . . . . . . . . . . . . . . . . . . . . . . .
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~ t_._ ~ . lhis in~tru~nrnt ~~a~ b~: , First Community Service Corp: _
~ ` BY:
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. (Sp~te Bebw 7his l~rse R~se.ved For LerM~r and R~cordK)
g~~K 504 967
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