170-26 - 8 Abington - Mendez Subordination.pdf

170-26 June 24, 2026 RESOLUTION WHEREAS, Chapter 25, Article I, Section 25-18.4 of the Revised Ordinances of the Township of West Orange (the “Township”) establishes the West Orange Housing Rehabilitation Program; and WHEREAS, the West Orange Housing Rehabilitation Program offers assistance to low- and moderate-income Township homeowners for necessary repairs and/or replacements to ensure housing units are in compliance with N.J.A.C. 5:28; and WHEREAS, on or about September 6, 2014, Nadia R. Mendez and Gilmar Colonia (the “Borrowers”) executed a Mortgage in the amount of $33,575 (the “Current Mortgage”) to secure a loan through the Township of West Orange's Housing Rehabilitation Program on the property located at Block 151.07, Lot 3, on the Tax Map for the Township of West Orange, commonly known as 8 Abington Road, West Orange, New Jersey 07052 (the “Property”); and WHEREAS, the Mortgage was recorded on October 27, 2014 as Instrument Number 14077472 in Mortgage Book 12521, Page 7879 with the Essex County Register of Deeds and Mortgages; and WHEREAS, the loan through the Township of West Orange's Housing Rehabilitation Program provides for repayment of the loan at the time of the sale of the home or transfer of title; and WHEREAS, the Borrowers desire to refinance their home to obtain a new mortgage loan from JPMorgan Chase Bank, N.A. in the amount of One Hundred Forty-Six Thousand Dollars ($146,000.00) (the “New Mortgage”); and WHEREAS, the Borrowers have requested that the Township of West Orange subordinate the Current Mortgage to the New Mortgage; and WHEREAS, the appraised value of the property is Seven Hundred and Five Thousand Dollars ($705,000.00); and WHEREAS, the proposed subordination will not materially change the equity available to satisfy the Current Mortgage; and NOW, BE IT RESOLVED THAT the Mayor be and is hereby authorized to execute the Subordination of Mortgage annexed hereto as Exhibit “A,” in favor of JPMorgan Chase Bank, N.A., with respect to the Property and the Borrowers; and be it further RESOLVED that the Municipal Clerk be and is hereby authorized to attest to the Mayor's signature on the Subordination of Mortgage; and be it further RESOLVED that a copy of the Resolution shall be made available in the Clerk's office in accordance with applicable law. Karen J. Carnevale, R.M.C. Susan Scarpa Municipal Clerk Council

nd be it further RESOLVED that a copy of the Resolution shall be made available in the Clerk's office in accordance with applicable law. Karen J. Carnevale, R.M.C. Susan Scarpa Municipal Clerk Council President Adopted: June 24, 2026