Township Council Meeting — Packet

4) Repairs. He/she will keep the property in good repair, neither damaging nor abandoning it. He/she will allow the LENDER to inspect the property upon reasonable notice. 5) Mortgage and Mortgage Note. He/she wil! comply with all of the terms of the Mortgage, Mortgage Note and the West Orange Township Housing Rehabilitation Program guidelines and procedures. If any provision of this Mortgage is found to be inconsistent with the Mortgage Note, the terms of the Mortgage Note shall control. 6) Lawful Use. Use of the property shall be in compliance with all t! ordinances arid other requirements of any governmental authority, 7) The LENDER shai! have all rights and remedies to insure and to protect the LENDER'S security interest in the proper The LENDER may declare BORROWER(S) in defaul Mortgage if: a) BORROWER(S) fails to make any paymet b) BORROWER(S) fails to keep any. Note or this Mortgage; c) BORROWER(S) sells the <. transfers title to the property, dies, or ( in the case of a single family home),th Piper rents it to anyone for any reason. If the property contains rental units, the borrower may only rent to certified low or moderate income renters per COAH re 's for the life of the Mortgage and Mortgage Note.; debt) on the property starts foreclosure proceedings; or f) There is a default under a senior mortgage; or g) BORROWER(S) fails to comply with any term or condition set forth in the West Orange Township Housing Rehabilitation Deferred Loan Agreement, the Mortgage Note, this Mortgage or the West Orange Township Housing Rehabilitation Program guidelines anc procedures. 8) Rights Given to the Lender. BORROWER(S) mortgage the property to the LENDER. This means that he/she gives the LENDER those rights stated in this Mortgage, alsc: those rights the law gives to lenders of mortgages on real property.

. 3 When he/she pays all amounts due to the LENDER under this Mortgage Note and Mortgage, LENDER’S rights under this Mortgage will end. The LENDER will then cancel this Mortgage at BORROWER(S) expense. 9) Term. This Mortgage shall be due and payable whenever this property shall be sold or title treinsferred as provided for in the Mortgage Note. 10) The Lender will subordinate the lien of this Mortgage to the lien of any home equity loan, secondary mortgage or refinancing to be procured by the BORROWER(S), not exceeding the sum of fifty percent (50%) of the amount of this mortgage; this provision to be binding upon the parties hereto, their heirs and executors 11) This mortgage shall be subject to and subordinate to a mortgage’ executed by BORROWER(S), to secure a !oan in such amounts as are ‘granted bya bonafide institutional lender for construction of improvement airs upon the premises and to finance same on a permanent basis, bh jage or mortgages, when duly recorded, shall constitute a lien and caren sb lands prior and superior to the lien in charge of the Mortgage. The LE! shall, if required by the lending institution, execute such documents as mq necessary within five days of request to do so, to further indicate the subordinate character of the Mortgage; it being the intention of the parties thereto that the omy sro be automatically subordinate to any bonafide institutional ithout necessity of execution of any further documents..

4 12) No Waiver by Lender. LENDER may exercise any rights under this Mortgage even if LENDER has delayed in exercising that right or has agreed to an earlier instance not to exercise that right. LENDER does not waive it rights to declare that BORROWER’S) is in default by making payments or incurring expenses on BORROWER'S) behalf. THE BORROWER(S) HEREBY DECLARES AND ACKNOWLEDGES THAT THE BORROWER(S) HAS RECEIVED, WITHOUT CHARGE, A TRUE COPY OF THIS MORTGAGE. IN WITNESS WHEREOF, BORROWER(S) acknowledges that he/she has signed and sealed the agreement and that LENDER has furnished BORROWER(S) with a true copy of this document. WITNESS: Bee . INDIVIDUAL ACKNOWLEDGMENT « STATE OF NEW JERSEY A TOWNSHIP OF WEST ORANGE 20 07, by me how, Liber appeared ly rope and Tioga Bevelgs ‘Satisfied is the person(S) named in and who jo signed, seaied and delivered the same as his/her » fd On this iz day of voluntary act and d the purpose herein specified. NOTARY! Puatgene rune STATE OF NEW JERSEY MY COMMISSION EXPIRES JULY 23, 2008

254-26 September 15, 2026 RESOLUTION AUTHORIZING THE COLLECTOR OF TAXES TO REBATE PAYMENT TO THE LISTED TAXPAYER PURSUANT TO FINAL JUDGMENT BY THE TAX COURT OF NEW JERSEY WHEREAS, final judgment on tax appeals has been rendered by the Tax Court of New Jersey on the petitions of the taxpayers listed on the attached schedule reducing the assessment. WHEREAS, such judgment by merit of N.J.S.A. 54:3-27.2 shall be conclusive and binding upon the municipal assessor and taxing district; NOW, THEREFORE BE IT RESOLVED by the West Orange Township Council that the Collector of Taxes and Treasurer of West Orange, be and they are hereby authorized, empowered and directed to cause to be paid to the said taxpayers the sums in full and final satisfaction to tax rebates due: Karen J. Carnevale, R.M.C., Municipal Clerk Susan Scarpa, Council President

Adopted: September 15, 2026 I hereby certify funds are available from Account No.: John Ditinyak, Chief Financial Officer

TAX COURT OF NEW JERSEY 254-26 COUNTY: Essex DOCKET NO. 007627-2025 IOP 80 MAIN LLC & RM 80 MAIN LLC Plaintiff(s), CIVIL ACTION Vv : JUDGMENT WEST ORANGE TOWNSHIP Defendant(s). The parties having agreed upon a settlement, the assessment shall be as set forth below: Block: 88 Lot: 17 Street Address: 76-80 Main Street Year: 2025 TAX COURT JUDGMENT Land: $ 2,958,600.00 Improvements: $ 7,041,400.00 Total: $10,000,000.00 /s/ Jeffrey T. Gallus, Clerk/Administrator Tax Court of New Jersey Entered: 8/31/2026 Plaintiff(s) Attorney: Jason S Lustbader Esq Defendant(s) Attorney: Eileen W Toll Esq User id: eCourts

THE LAW OFFICE OF JASON S, LUSTBADER, LLC 14 Pine Street ~- Suite 5 Morristown, NJ 0960 (973) 206-1819 Attorneys for Plaintiff Atty ID: 035552002 TOP 86 MAIN LLC & RM 80 MAIN LLC, Plaintiffs, vs. WEST ORANGE TOWNSHE, Defendants. DOCKET NOS.: 007627-2025; 006626-2026 TAX COURT OF NEW JERSEY CIVIL ACTION STIPULATION OF SETTLEMENT L It is hereby stipulated and agreed that the assessment of the following property be adjusted, and a Judgment entered as follows: * Block: 88 Lot: 7 Street: 76-80 MAIN STREET 2025 Land: Improvements: Total: 2026 Land: Improvements: Total: Original Assessment $ 2,958,600 L $ 9.164.400 $12,123,000 Original Assessment $ 2,958,600 $_9.164.400 $12,123,000 County Tax Board Judgment DIRECT APPEAL County Tax Board Judgment DIRECT APPEAL Requested Tax Court Judgment $ 2,958,600 $7,041,400 $10,000,000 Requested Tax Court Judgment $ 2,958,600 7,041.40 $10,000,000

2. The undersigned have made such examination of the value and proper assessment of the property and have obtained such appraisals, analysis and information with respect to the valuation and assessment of the property, as they deem necessary and appropriate for the purpose of enabling them to enter into the stipulation. The assessor of the taxing district has been. consulted by the attorney for the taxing district with respect to this settlement and has concurred. 3. Based upon the foregoing, the undersigned represent to the Court that the above seitlement will result in an assessment at the fair assessable value of the property consistent with assessing practices generally applicable in the taxing district as required by law. 4, The taxpayer waives any interest payable on any refund to the taxpayer, pursuant to N.J.S.A, 54:3-27.2 and/or any other applicable law, provided said refund is paid within sixty (60) days of the date of the Tax Court of New Jersey judgment issued in this matter, 5. Any refunds due as a result of the settlement shall be made payable to “The Law Office of Jason S. Lustbader, LLC e/o IOP 80 MAIN LLC” and sent to 14 Pine Street, Suite 5, Morristown, NJ 07960, THE LAW OFFICE OF JASON S. LUSTBADER, LLC Dated: § (Kg 4 BY: | Jasbn Lustbadet, Esq. Attorney for Plaintiff BLAU & BLAU pated: _/(9/ 3024, oe / / wa 2 , iieeh W. Toll, Esq. Attorney for Defendant, West Orange Township

009853-2025 07/28/2026 Pg1of1 Trans ID: TAX2026114922 TAX COURT OF NEW JERSEY COUNTY: Essex DOCKET NO, 009853-2025 STANAIALE, MARGARET ANN Plaintiff(s), CIVIL ACTION v : JUDGMENT WEST ORANGE TWP Defendant(s). The parties having agreed upon a settlement, the assessment shall be as set forth below: Block: 100 Lot: 1.01 Street Address: 11 Oak Bend Year: 2025 TAX COURT JUDGMENT Land: $ 527,400.00 Improvements: $ 947,600.00 Total: $1,475 ,000.00 /s/ Jeffrey T. Gallus, Clerk/Administrator Tax Court of New Jersey Entered: 7/28/2026 Plaintiff(s) Attorney: Michael J Caccavelli Defendant(s) Attorney: Edwin R Matthews Esq

009853-2025 07/14/2026 3:22:21PM Pg1of2 Trans ID: TAX2026104289 Michael J. Caccavelli, Attorney ID No. 032851996 Sills Cummis & Gross, P.C. The Legal Center One Riverfront Plaza Newark, New Jersey 07102 Tel.: (973) 643-5561 Fax: (973) 643-6500 Email: meaccavelli@siliscummis.com Attorneys for Plaintiff, Margaret A. Stanziale MARGARET ANN STANZIALE : TAX COURT OF NEW JERSEY Docket No.: 009853-2025 008622-2026 -vs- : Civil Action STIPULATION OF SETTLEMENT (Without Affidavit) WEST ORANGE TOWNSHIP : : Assigned Judge: Joshua D. Novin, J.T.C. 1, It is hereby stipulated and agreed that the assessment of the following property be adjusted and a judgment be entered as follows: Block: 100 Lot: 1,01 Street Address: 11 Oak Bend Year: 2025 Original County Board Tax Court Assessment Judgment Judgment Land 527,400 527,400 527,400 Improvements 1,044,900 1,044,900 947,600 Total 1,572,300 1,572,300 1,475,000 Year: 2026 Original County Board Tax Court Assessment Judgment Judgment Land 527,400 527,400 527,400 Improvements 1,044,900 1,044,900 922,600 Total 1,572,300 1,572,300 1,450,000