Township Council Meeting — Packet

WHEREAS, the Current Mortgage dated September 6, 2014 superseded the Interim Mortgage dated April 4, 2014, and rendered the Interim Mortgage and accompanying Mortgage Note null and void; and WHEREAS, the Interim Mortgage dated April 4, 2014 was not discharged prior to the execution of the Current Mortgage dated September 6, 2014; 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 intend to apply for subordination of the Current Mortgage; and WHEREAS, the Borrowers seek the execution of a Discharge of the Initial Mortgage which was superseded by the Interim Mortgage, annexed hereto as Exhibit “A;” and WHEREAS, the Borrowers seek the execution of a Discharge of the Interim Mortgage which was superseded by the Current Mortgage, annexed hereto as Exhibit “B;” and WHEREAS, the Initial Mortgage and Interim Mortgage must be discharged by the Township in order for the Borrowers application for subordination of the Current Mortgage to be considered. NOW, BE IT RESOLVED THAT the Mayor be and is hereby authorized to execute the Discharge of Mortgage for the Initial Mortgage and the Interim Mortgage, annexed hereto as Exhibits “A” and “B,” respectively, as to the Property; and be it further RESOLVED that the Municipal Clerk be and is hereby authorized to attest to the Mayor's signature on the Discharge of Mortgage concerning the Property; 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 President Adopted: May 12, 2026