253-26 EC Register - Recorded-Filed WOHRP Mtg..pdf

M 1077223 A aE Inetr# 1077223 Carole A. Graves Recorded/Filed CA 2 Essex County Regleter MORTGAGE 08/17/2004 09:48:4 Bk 9955 Py 898 #Pgs 4 BR THIS IS A LEGALLY BINDING DOCUMENT WHICH CREATES A LIEN. DURING THIS THREE-DAY PERIOD, YOU MAY CHOOSE TO HIRE AN ATTORNEY TO REVIEW THIS DOCUMENT. IN THIS THREE-DAY PERIOD, IT IS POSSIBLE TO CANCEL THE DOCUMENT WITHOUT ANY PENALTY. THE CANCELLATION, HOWEVER, MUST BE IN WRITING. THIS MORTGAGE made this 8th day of July, 2004 between: Tyrone & Tanya Brooks residing at 8 Pine Street West Orange NJ 07052, the BORROWER(S), and the TOWNSHIP OIF WEST ORANGE, 66 Main Street, West Orange NJ 07052, the LENDER. The BORROWER(S) has applied for monetary assistance under IDER'S West Orange Township Housing Rehabilitation Program for the purpo ecting defects in the house and bringing up to Property Maintenance landards. The LENDER has agreed to grant the BORROWER(S) a Ioan wi d payments in the amount of: $12,125.00 (Twelve Thousand One Hu Twenty-five Dollars} which shall constitute the total amount of the loan on interest shall be charged. Receipt of the loan is hereby acknowled: videnced by a Mortgage Note which will be signed at the same time as this ment. The loan is to be repaid by the BORROWER(S) in accordance wii Mortgage and subject to all the terms and concitions as listed in the Mortgage Kk The Mortgage will secure that the LENDER will be repaid the monies Io: ny other costs or charges incurred for the repair of the BORRO! ‘operty. To insure that BORROWER(S)} performs its obligatio alled for by the Mortgage and Mortgage Note, the BORROWER(S) hereby mot to the LENDER, its successors and assigns the tract of tand and premi ated in the Township of West Orange, County of Essex, State of Ne 8 Pine Street West Orange NJ 07052 more specifically known as Block 30, L6t9 as shown on the current tax map of the Township of West Orange. TI mises was conveyed to the BORROWER(S) by deed from Linda Nwok ited 6/26/03 and recorded in the Township Clerk's Office on 9/24/03 in Book No. The BORROWI 1) Ownership. BORROWER(S) owns the property and will defend his/her ownership against alf claims. 2) Payments. [He/she will make all payments required by the Mortgage Note and Mortgage. 3) Insurance. He/she will maintain extended coverage insurance on the property in an amount at least equal to the amount of the mortgage. Insurance

ayments required by the Mortgage Note and Mortgage. 3) Insurance. He/she will maintain extended coverage insurance on the property in an amount at least equal to the amount of the mortgage. Insurance companies, policies, amounts and types of coverage must be acceptable to the LENDER. He/she will notify the LENDER in the event of any substantial loss or damage. The LENDER may then settle the claim on his/her behalf if he/she fails to do so.