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<br /> MORLGAGORS MAY MAKE PREPAYMENTS OF PRINCtPAL ON ANY INSTALL1dENT DUE DATE. SUCH PREPAYMENT SHALL BE
<br /> � . APPtIED TO INSTALLMENTS LAST 7f1 BFCpMF I711F IMnER THIS MORTGAGE. PROVIDED THE 11NDERSIGNE� ARE� N0T �N DEFAUIT .� � � � �
<br /> AND ARE THEN THEOWNER50F THE MORTGAGED ARQPERTY; UPON REQUEST OF THE UNOERSIGNED, OR ERHER OF THEM,
<br /> PAYEE AGREES TO FURNISH TO 7HELNDERSIGNEp 100% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS 'AUVANCEMENT IS ' PRO•
<br /> HIBI7ED BY THE REGULATIUNS UF CHARTERING AND SUPERVISORY AUTHORI7IES THEN IN EFFECT. ALL SUCH ADVANCEMENTS
<br /> SHALI BE SECURED BY THIS MORTGAGE IN THE SAMH MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE -
<br /> (' THE hSOR7'CAGOR FURTHFR COVENAATS AND AGREES :
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<br /> . � � .� `1'het � Ihe� �Morigagor will PAy lhe �indeMrdne�.w -as heminbefnce pmvided: � . . . � � . . . . . � . . . . . . . � . � . .
<br /> .. . � . . T'hat the : r1nrtgngor is �he. owner of� s�id . pruperty in fce simple �nd h«s goncl righl nnd la+�•(ul nu�horil}• � fo s�ll � anrl . . .
<br /> � � � .cbnvey.�the� stime and thut fhe sume is free ond clet�r of any lien nr encwnbrnnct; �nd thnl RSorigagor will wrarrnnt and � de[end �the � �
<br /> `. j � � � � tiAe� to-�said.� premise..v � a�tiiivsl � t}ie elHims o[� al4 �,ersm�s whomsoevi�r. � . . . . . . . . . . . . � .. . . .
<br /> . � 'fo j�;iY � immeilie�ely when due and�. paVefile nll �qenernl �� tuxea. spirinl �nxes. special u.eesaments, � �sotcr charges. sewrr serr. . ' .
<br /> , -.. � . � � ici: �cliargev, �n� � othcr taxes� v�d �cfiairges aguinst said property; and ulLtaxes le�•i«�i on thr debt secvrcd hereby, und to furnish �the� � �
<br /> � ;r - . � T�Snrtgagee; upon n:�urst,. with lhc . originul m duplicnte receipls � hemfor. '1'he rtwtgn{:ur a�;rres ih:it . there shall � be . ad�:ed � to � � - - �
<br /> mcl� monlh(y pi�yment .r:�uimd hcreunder. �ununder the evidence �tL debt �:ucured hcn-6}� nn amnunt. e;limuted Iry the b�tort�agr,e � �
<br /> � a�� .� to be .. su�icient tci . enahle ihe � :1]origngee !o pay, .�s they � hecome due. all laxes, n.:<t�ssmrnls, und similncchnr.es u�xm .ihr . prem• � �. . � �
<br /> ,. �� � � � ises subject. theretd; any deficiency� beciiuse o( the insutiiciency� o[. such �ddiiinnal � pay�nenL+ sh:�ll be . fnrthwiih d�•po�ited 6y' tlie � .
<br /> �� ? � . � - � - Mortgagur .���iih t6c MorlFagcr. u�ipn �3emand tiy the . Atortgagee. Any di•fault imder �his paru�raph shall he di�emed n . �lef�ult in . . .
<br /> . . . � paymrnt of �taxes. nssi•scments, or similur chnr�es rcquired h�•re.under. . . .
<br /> � : .. � The �\(<irl.t;ngur a�;rees lhal ihere shnll also be added to ea��h monthly payment „( principa� and interest reyuired here- . . . �
<br /> � � � underan amount estimuted by thc A{��rt�agce tu he suRri�mt t� rnnhlc thc htortgagee. to pay. as it bccumes due. U�e insurunc�+ - � -
<br /> . . �� ,premium on au1' insurance pulicy dc�lie��red tn the \inrt„:tgee. 1ny defic.�ere�• hecau�e u( lh�• insufrciency nt such addiGonai pay- . � .
<br /> ments shall be fnrthwith depasited by thr \furigagor �� ifh the ilortgagee upnn di•m:md Uy ihe Jtortgagir. Any �IeF,�ali underthis
<br /> � � � par.tgruph shall��Mr deemrd a de(imlt in thc pi{ymrnt of insur.�nce premiums. If ihi• �x�licr or � ul�cies d�. pn: ited are surh �.s home• �.
<br /> nNmcrs or. all risk �mlicics. and the dr�xisits � are iu+u(fincnl io pat• th�� rNire premium. ihc "AarlF.,g��� tr� �}� ��ppiy ifm �ie�msi[ io . �
<br /> - pay nrc�mium.d cn riska resiuired tn hc in;urrd L}• ihu mart_aec: �
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<br /> Paymenta mnde by ihe Siortgn;;or uuder the ahnve purnFraphs may. ;rt ihr rrpliun of the ?�tortgager, I�e h�dd by it nnd
<br /> comminginl with other such t:�r.:3s or i•.s c+v:: l���ds fnr r4ir nayment n( such itrms. :md until so nppliod. such paymentn are hrrrliy � �
<br /> � � pledpesl ns arcurity (or � he unp;�id balanre o( thr rnortRa�c indebtedness. � � � . �
<br /> � � To procure, delirer tn, nnd maintain for ihe hcnetit oC fhr �fonhatiee dunng thr lite ot (his tnorigage on�inal policies nnd � �
<br /> �- ? renewals then.�o�, Clelivernd r.t Icest ten daps I�elore the rxpirntion u( any such polic�es, insurin�: zapainnt tire and othcr insurahle � : � -
<br /> : _� hava�c3s.� casual6es, and � continKenci��s as the ;�Sorlgagi� may myuire, iii nn amount rqua! to the , indi�blydness seivrrd trv lhis � . � � . . �
<br /> :i . A�lortgage, and in p�mpanir� accepL•�ble to the \turik�:;ee, wit{t loss payable clause in L•n•or nf and in form ucceptiable tu fhe �tortgo- � . �
<br /> �.a gee. ln Lt�e event any pnlicry is not rrnew�Kl nn or befnre trn days of iis expiratinn, thr \lor(gagee may prucnrr inaurunce un tbe � �
<br /> t �? � imprrrvrmenls, pay the premium therefor, and �uch sum sl�all bcsome invnediatel�• due nnd �iuynblc� �ci(h intc•resi at die rale. xe! � �. � � � . � -
<br /> ` �-a; forttt in said nute uniil pnid nnd shull lie secunYi by this mort�a�e. Pailure un the part o( fhe liungn�or fo (Urnish such ronewnle � � �
<br /> ` � ns nre hrrein rcquired ur G�ilurn tu pay nny sums ud��anced }���reunder sh��ll, at the upiion ni the \Inrt�;age<r, �ronstilutc a detuult -
<br /> '. . � i under the ferms of ihis mortgage 'Phe doli�'en• of such policies shall. in the erent n( J��fnult. cr.nstituti� an assi�;nment of thr un- . � � .
<br /> ���. i � enrned premium. � � � . . . .
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<br /> ��. i . 1ny sum� recricnd by the �lortgagm by reason o( los. or <inmaFe iiisured ngain,t m:�p be mtninrd hy' the 1{nrt�aFee � � . . �. . . . � � :.
<br /> �, I: and a��plied to��•uexl the payment o( ihe drbt hrreby sc•cureJ. or. nt tha option o( the A1orlgagee, such sums oifher wholly or in � � . �
<br /> - p�rt may he paid over to �he rfort�aqor to Ixx used to rrpair surh buiidin�s nr tn huild new buildinKs in iheir place ur fnr any � . � ... .
<br /> � nther pur�wse nr object c�iisfactory lo ihe �]orlgacec withnul nftectint the li��n on the mnrtGage for thr full omount securrd here- - - . .
<br /> by hetr�re such pncment ever t�rok place : � . .
<br /> 'Co prumptly repair. resture ur rebnild any buildin:;s nr impru�rments nnw ��r hereafter nn thc premiu�s whirh may bo- � . . . . � � .
<br /> a�me damng�d or de�tmy<ri: tn keep eaid premisc•s in �;ind condition nud re�pair and frre frum any mi�hunic's lirn or otiirr Len nr . . � � � .
<br /> clsim o( lien nut. exPressly sutx�rdinuted �o thc liai hercoi : uot tn sufTer ur permit any wila��•iul use o( nr .�ny nuisance tn exist on � . .
<br /> said pmpeny nor tu prrmit �casle un s:�id prrmi�.es. n�ir tu du auy othrr act u;ierebc :he �:ropert�• herehy rom�trye�d s}�:ill M�rnmr . � .
<br /> less valuahic�. nur tu diminish er imnair its value bc �iuy acl ��r omi=.i�m in act : t �� compl�� �nith utl rryuirrments u( Inw� with re:prvct �� . � � .
<br /> � a to the mortga�ed prrmisus nnd the use thrrenL � , � . �
<br /> ' � 'ffint should ihe premisea or .m}• pnrt thercKi( Ix lukrn or duma�:ed h}• reason n( any public irnprorrment or condemnstion � � � � � -
<br /> ' ; procredinR. ��r under the righl of eminent dnmain, ur iri am• uther manner, the \iurl �:igce shal! txr rn�itlyd to :Jl cumpens:ilioas, � � � � . �
<br /> �� awatds, and :my other payment nr rrlief there[ur, and sfuill he entided. at its uption. tu cnmmenc�•. �ppear in :md pnaecute in iLc � .
<br /> � ' own mm�e any nction or procYr.JinF, or lu make :iny campromise or se� ticment in cmim�:lion with .such takin;; or dnma�e. :111 �uch . . .
<br /> campensulion. nw:�rds, dama{;es. right of action :md prcec��ls nr�. heri•by ussi�:nud tn the \fnrt�;a�;ee. who may. aiter deducting . .
<br /> thr.re[rom xll its ezpen«.�. rrlease nny moneys so nerived by it ur apply ihe ,ame un �mq indrhl��dm�ss .ecurcKl herrLy. Thr Vorb . � .
<br /> ' gagor ugre�x to execute such furthi•r essir;mnen�5 of nny comp��ncntion. a���ard.. dama�os. and riy;hts o( action and prucrrdx :ts lhe �
<br /> \9ort�agce mny mquire. -
<br /> Thal in c�sse uf feilure. in perform any nf thr �•uvenants herein. the \turtgagce may du �m Ihe \iorigazor'.4 ixh�il( errr��thin�
<br /> � �n arvenanted: lhat thn Stortgugee mr�y also du nny act it mnc derm nereccary t�� protr.ct t}ir lirn thrrrof: th:�l tne �fort�a�or �cill
<br /> �.�� � � r�pay upnn demand xny� monev= paid or disbursed br thc Atortcagec (or +iny o[ the al��u��e purposes, and cuch moncys tu�ethi�r �+•ith � �
<br /> interest 4�ereon et lhr rnie prm�ided in =aid note shall Lc-enme sn much ndditional indebtcvinnss herrb�� �r�•ured and may ix• in- � � �
<br /> ctuded in nny decrce [oreclosing ihis mortgage ,.nd be puid uut of lhe rrnls or pruccedi uf sale nf sairi premieea it nol nihenvice
<br /> paid; that it <hnll not F�e� uhligatoq• apon !he Rtortgcigee tu inquim into the calidity ot :+ny lien, encuml;rances, or claim in nd- � �
<br /> � ' � ��uncing moneys as atxn�e auihurizcYl. hui irothinF Len•in euntained shall IM constrw•d as rer�uirin� tbe \ir>rlgngri• iu ��dvema� any
<br /> moneys [or any such .purpose nor to do any act Fiereundi�r, �nd thnt Mortgace�c� shell noc incur r+nr penonal fi:ihilitp Ix•cau�e nf nm�-
<br /> ,� .j thin�: it may do or umit to dn hcrcund�r. �
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<br /> .` In lhr event uf tlm defauft by' Atortgngnr in ihe payme•nt n( nm� in.+lallmrnt , ns required bp thr Note crcvrrd 'ncrehv, or � �
<br /> ' ! in the �mrtormanm of the obli�:ation in this mortgage or in the nu�c ��cuced thoreby, th�� \torlgagr� shaii b�• �•ntitled to doclare the -
<br /> debt secured hereby due :md payahic witheut notirn. and the MarIK�l:�`e slinl! be entilled :rt its uption. without notin•, i�ither by it.el[ �k, �,
<br /> or by n n.r.•iver t� be appointal by the court thereof, und without reF:�n1 tu the xdi��uacy of :�ny o-rcurily fnr Ihe inde6tedn�•ss u•• ' � � �: �
<br /> curcKi hereby. ln enter upon and iuke pnsscssion oi the m��rtguged premiscs, und tu culler.t nnd reecive• � he rrnts, i.:�ues nnd praflis H � 'r,
<br /> � �� t6ercof, and appl,v the� sune, less rnsLc .of operatinn nnd cnllection. npnn the indebtedn�tis ���rured by thi+ murtgnqe; �;aid ronLc, ' �
<br /> icvues and profits being hereby astiigned to the Dlnrt�a¢ri� n.9 furthrr vcurity for thr p:�ymrnt of nll indehtrdnr•�s �.rund hcrebv. r�
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<br /> - ; � " � �The Morlgagee shal! have lhe powcr to ap�x>int anx a�ent. or n�:enLs i[ mny desire (or the purpo.,e o! rrpairint; �ud prnm- .
<br /> is�e; renUng the snme: rnilecling the mnls; revenacK und income, :md il mav p2q uut o( s:�id incumr �JI expen:es mivrnNl in rtmb � . �
<br /> ing and . mar.nging � the enmr and of ¢nllectint: th�� n,ntaL+ there(rom. 7'he balanc•� re•mnininc. it :uiy. s.h,�ll b�• :�pplicd to�r:�rd tlio , '"` . . .
<br /> � � dischnttim of . the morl{,mge indc6t��dness. "fhi�: ac�ignmrnt iv tn trrminatr and ix�comr null and c„id upun r�•I��n.�• ut thi� n:nrtc;��;e. . . . ';. � � .
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