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HomeMy WebLinkAbout0949 ~ ~ NON•UNIFORM CovfhAN TS. qurr~~wer and Lender further covenant and agre~ a~ folloa~s: ~ a 19. Accele~ation; Rerr~edies. I.ende~ shall glve notice to Bor~owcr prior to accclerntion folloN~ing Borrower's brearh ot ~ny corenAnt or ngreement in this Securtty ~nst~ument (but not prlor to accelerAtio~ unde~ pars~graphs 13 snd 1~ ? unies~ a~ipiii~u~C ~~g~t~f,3 r~}hi~~d~-~?= '_rhA ~~~tce shall sDecity; (~1 the defAUtt; (61 the action required to cure the z default; (c? ~ dete, not less tban 30 days fmm the ds~te the aotice ts gireo to Borrowe~~ by wnich inr uei~~~~ ~~~~s: z;; :e:;:s; ~ and (d) tbat failu~e to cure the detauit o~ or before the date speciHed ln the notice may result in acceleration of the sums ~ secu~ed by this Security Iastrument, toreclosure by judiciAl ptoceedtng and sale of the Property. The notlce shall further ~ intorm Borrower of tbe right to reinstate After ~xc~ter~tion and the ~ight to assert in the toreclosure p~oceeding the non• ~ existence of A detAUit or Any other detense of Borrower to acceie~ation And for~etosure, if the detault is not cured on or betore the date specifled tn the notice. I.ender at its option may ~equire immediate payment In full ot all sums secured by ; this Security Instrument Nithout further demand and may foreclose thls Security Instrument by judicial praceeding. Lender shail be entitled to collect all expenses Incurred in pursuing the remedies p~ovided in this ps~r~grApb 19. including, but not limited to, reusonnble attorneys' fees and casts ot title evldeoce. 20. I.ender in Possession, Upon acceleration under paragraph 19 or abandonment of the P~operty. Lender (by judicially appointed receiver) shalf be entitled to enter upon, take possession otand manage the Property and to cotlect the rents of the Property including those past due. Any rents rollected by Lender or ihe receiver shall be applied first to ~ payment of the costs of manageme~t of' the Property and collection of rents, including, but not limneci to, rcY:river'a iccs, ~ premiums on receiver's bonds and reasonabte attorneys' fecs, and then to the sums secured by this Securiiy Inst~ument. 21, Release. Upon payment of a!I sums secured by this Security tnstrument, Lender shall retease lhis Security ~ Instrument without char e to Bonower. Borrower shait ' ~ S pay any recordatiort costs. 2Z. Attorneys' Fees. As used in this Security instrument and the Nole, "attorneys' fees" sha(I includc any attarneys' ~ Pees awarded by an appetlate court. s 23. Riders to this Security lnstrument. IPone or more riders are executed by Borrower and recorded together with ~ this Security Instrument. the covenants and agreements oteach such rider shall be incorporated into and shatl amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security I instrument. [Check applicablc box(es)] ; Adjustable Rate Rider . Condominium Rider 2-4 Family Rider ~ ~ Graduated Payment Rider [J Planned Unit Development Rider ~ " Othcr(s) [specifyj ~ ~ s BY S1GNtNG BELOw, Borrower accepts and agrees to the terms and covena~ts contained in this Security ~ Instrument and in any rider(s) executed by Bonower and recorded with it. Signed, sealed and delivered in the presence af: V1 , • r~ n ` , r _ ~ / ~C-4"[1JY ~ / ($C8~) o~ert Mc uo .~„o,,,ef `'4- ~ ` ton a c uo ! . -sa~. (Seal) -9or.owe? ~SC3~~ ---$orrower [Spsce BNovn Tirs t.ine FAr Ackrarkd;meM) - $TATE OF7~ C~r~On „~n f COUtttY SS: ~ ~ .~C.6i • v ~ I hereby certify that on this day, bcfore mc, an officer duly authorized in the state aforesaid and in the county ~ aforesaid to take acknowtedgcments, personally appeared _ Robert MeQuoid Antonia McQuoid , to me known to be the person(s) described in and who executed thc foregoing instrument and acknowiedgcd betorc mc that THEX executed the same for the purpose therein expressed. ` - , A . WtTNess my hand and official seal in the county and statc aforesaid this ~ j~~ t~11 ' day of AugtLSt , 19 87 . tv My Commission exp~res: ~L + . ~~P~ ry Pu01ic • NOTfiRY P~~p; ~~EV/ 1ERSEY ' b~! Commissi~n Ez,~sr_s P~.;, st G, i7~11 ~n i~ ~ . , ~ , n ' ~ ~ , . . . ~l F.' ' ' * ` ,a . . . • - ~ - • FiRST Ar~E~!rA"~! TiTC_F !;0. ~ ~ ~ of s - ~ - : - ~ BOQK 558 PA~E 947 ?_a14C : . , - P~~ ~ . ~ ~ .