The instrument's own words
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indebtedness hereby secured and any surplus paid over as a surplus on foreclosure. If the mortgagors fail to provide such insurance or pay the premiums thereon, the mortgagee may effect such insurance or pay the premiums thereon, and all premiums so paid shall become a part of the indebtedness secured hereby, and shall bear interest at the rate herein provided upon the principal indebtedness until payment thereof.
3. To keep and maintain in the exterior, interior and of the buildings and improvements on the premises described in this mortgage at all times until full payment and discharge and have in good state of repair and keep and repair as the same now are or may hereafter be put in, and the said Industrial Trust Company, its successors and assigns, and it and their officers, agents and servants, to enter upon the said premises and premises in the event of violation and impose same.
4. That the mortgagee, its successors and assigns, may pay all taxes, assessments, water rates or insurance premiums not paid by the mortgagors when due, and all of such sums so paid shall be added to the principal indebtedness secured hereby and shall bear interest at the same rate as said principal indebtedness secured hereby together with such interest shall be a further lien upon the premises and by the trustees secured by this mortgage.
5. That if the mortgagors be declared bankrupt or insolvent or make an assignment for the benefit of any creditor or be placed under control of or in custody of any trust, or if the premises shall be seized in execution or other process, then in any of said events the mortgagee is hereby authorized and empowered at its option, without notice and without any process of law, to foreclose the lien of the property, or to sell the same or any right of the mortgagors hereunder to release all sums secured hereby immediate upon due and demand.
IN TESTIMONY WHEREOF, the said mortgagors have hereunto set their hands and seals this 7th day of January, A. D. one thousand nine hundred Forty-eight.
Signed, sealed and delivered in presence of
Marion Esposito
George Jaeger
MABEL E. PRESCOTT
THOMAS E. PRESCOTT
STATE OF NEW JERSEY }
}
County of Passaic }
In Passaic, N. J., on the 7th day of January, A. D. 1948, before me personally appeared the above named Thomas E. Prescott, and Mabel E. Prescott, husband and wife, each and all to me known and known by me to be the parties executing the foregoing instrument, and severally acknowledged said instrument, by them executed, to be their free act and deed.
JAET E. BOWMAN (Notarial Seal)
Notary Public
Notary Public of New Jersey
My Commission expires February 15, 1948.
COUNTY OF PASSAIC, } ss.
STATE OF NEW JERSEY, }
I, [?] R. BORJE, Clerk of said County and also Clerk of the County Courts, thereof, the same being Courts of Saying, do hereby certify that Janet E. Bowman whose name is subscribed to the certificate of the proof or acknowledgement of the annexed instrument, in writing and endorsed thereon, was a Notary Public in and for the State of New Jersey and in said county of New Jersey and in said County, dwelling in said County, duly commissioned and sworn and authorized to take acknowledgments of any and all instruments of conveyances, for lands, tenements or hereditaments to be recorded in said State of New Jersey, and said Notary Public has regularly qualified her office and said Janet E. Bowman and verily believe that the signature to the said Certificate of proof and acknowledgement or not is the genuine signature of the said seal of said person who took said acknowledgement or proof is not required by law to be filed in said office.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of the said Courts and County, at Paterson, this 7th day of January A. D., 1948.
(L. S.)
99533
FLOYD E. JONES, Clerk
By Catherine M. Mayer
Acting Deputy Clerk
Received for record January 9th, A. D. 1948 at 9:00 o'clock a. m., and recorded by [?]
Industrial Trust Company, having received full payment and satisfaction of the Within Mortgage, does hereby cancel and discharge the same.
IN TESTIMONY WHEREOF said Company has caused these Presents to be signed and its Corporate Seal to be thereon affixed by its Manager and Assistant Manager duly this 29th day of January A. D. 1951.
Signed and sealed in presence of
Ethel S. Sidebottom
INDUSTRIAL TRUST COMPANY (Corporate Seal)
By Hiram Kendall, Manager
[?] Tuttle, Asst. Manager
Received for record February 6th, A. D. 1951 at 9:05 o'clock a. m., and recorded by [?] Town Clerk
The page as recorded
