|
�
<br />�S-F �
<br />�� � . . . . . . i '�' �'-
<br />� � . . � � � 'fiy,
<br />�i /�i�
<br /> � +. ':�s.
<br />� � : �
<br />� �Y 77- . � � Q � 65
<br />� MOR7GAGuRS NIl�Y MAKE S'REPAYMEkTS OF PRINCIPAL ON ANY INSTALLMEN7 DUE DATE. 5UCH PREPAYMENT SHALL BE
<br /> � � � �pPPLIEDTOINSTALLMENTSLA5TT0- IiEuumE 'u'ucuY..^.`.RTuicunuTCaf:F. PROdIUED THE Uf'I�ER51Gt:ED ARE NOT IN t'i;FAUL7 , . , �
<br /> AND ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, Ort t1111GK v'F 7.tE6t,
<br /> PAYEEAGREES 'TO FURNISHTO THC• UNDERSI6NE0 100�/9 OF SUCH PRINCIPAL PREPAYMFNTS, iJYLESS ADVANCEMENT IS PRO•
<br /> HIBITED BY. 7HE REGULATIONS OF CHARTERING AND SUPERYI50RY AUTHORITIE9 THEN IN EFFECT. ALL SUCH ADVANCEMENTS
<br /> � SHALL i36 SECURED BY TNIS MORTGAGE IN THE SAME MANNER AND EFFECT AS . iF N0 PREPAYMENTS HAD BEEN MADE. '
<br /> THE MORTGAGOR FURTHER COVENANTS AND AGRFC9i
<br /> �
<br /> ` � � � � '1'h�k� lhe Mortgagor will 'pny the � i�ideUtedneea aa l�ereinhefoie f�nrvidrd. - . . . . � � . � . . . .. . . . .
<br /> � . .. ' •fhat .�the Mortgagnr i� t6e owner nt said �iroprrty � in fee »imple � ,uid has �;nnd righi. and law[ul authority lo sull and �
<br /> ennvey , the snme und thnt th� snme �ia free �nd clrar n( mq' lien or enemnbrancc: and that MorlFa�;or will w�urrant und defend thr. ,
<br /> , � � . . tido �: to � snid-.. premiaes �.Aqvinst the � clnime o[ riil U�'���+� �'��tsmwever. . . . . . . . . . . - � . � . . .
<br /> { . . �- To ��»y. immediately when ,diii� aud pnyahlr all generol tnxes, spr.cinl tux�s. special .aY+essmen�s, anter ch�rges,:sewer :crv- . � .
<br /> ice charges, xnd olhcr tazes und charges ageinsl stiid pro�Krty, nnd ull iaxen leViad uu !ha cl� 6t ser.ureJ hereUy, and lo furniah the ,
<br /> t � � l�lortgngee,' u�n reqUcsi, w•ill� tGe . crciginnP� ot duplicutu rt.ceipls lhcrvCur. The 9lurtgagor ugrces lhat thcre shalLl�e �added � to� � . .
<br /> ' � � � c.+ch - monthly pzyment� required � hereunder . or tmder thc evidence u[ drbt securcd herehy ain .amuunt i�etimuted 6p �he �D1urtf:agee �
<br /> � � lo bc suliicicnC tu enable � the r9u�tg�Ree, tn �iuy � u �fhcy become �lue. all luzes. :�,sNs+mentti, r�nd :,imilur chary;es . u�mn tL�� �>rem• � ..
<br /> . .ises subjtcttiiereto; nnp. deficivncy bccr�use ot th� insuflicic•ncy nf r.uch additiontu Ptiytnenls shall br . farlhw•ith.� deposiled hy_� the .
<br /> � Aiortgugor - with ��thc M<>rlgagce. u��n dem�and by thc Mortgagce. Any drfault tmdcr this Uarvgreph .shnll be dremrd a df�(ault ia .
<br /> � � payment of � inzes, ' �issessmrnts, or siinilnr ��c6argec required hertundec � � . �
<br /> � . . � . 1'he A1u�lga;;or a�;re�as lhal. thert• ahall alsu Iw ndded to rxch mnnthly P�ymenl yd principal and in[erest requircd here- . .
<br /> � � imder �n amounl r�tim�ilud by the 1(urtgagee ti; he suflicinnt ir, unnble the Alorit;agi�c lo p.�y, �n it berumes due, the insurance , . .
<br /> premium on nny insur.ma� policp delivered lo thu hinrlgagec. AnY deficiency hecau�c: u[ iLe tnsu(licicncy nf Fuch additinnnl puy- . .
<br /> ntents shtdl be furlhwifh deprisi�ed b� the nlurlgagor wit.h the :�Sorlgague ulm» d�rmand bp the Alortgagee Any dctault under this � . .
<br /> pamgr�ph shall fx deemed a defuu]t. in lhe paiymenl u! insurance prentiwus. 1( thu pulicy or pulicies eL�poeifed Nre such as home- �
<br /> ' . oNaiers or all risk P�licies, und lhe deposifx eve insufficienl lo pay ihe rntirc Vrrmimn. tb.• Dlortgat;i•c plitl' 11�1�]IV I}IC deposit to � � �
<br /> � � ` pay premiums on � riskx required to be insurrd by this mnrtgt�ge: � � - . .
<br /> ' . � Yayments mnde h,y dm hiortr;a�;or undrr the :ebo��c paragrapf�c m�iy. �il lhe nption o( th�� D�lorlgugec. Fi�� Leld by it and . �
<br /> � cummingled with o�her such tunds ur its own funds (ur lfir payment o( such items. :md unlil sn applied, such paymrnts :fm herchY .. .
<br /> . . p!�Kl;;_1 a* s„curil,v lor the unpiiid bul�ance of �hr marigage indr.btednnss. ' � .
<br />� � 'Po prooure. deliver iu, nmi niaintain ;or the h„ne�it ��( Lhe 1�ort�;llg��e during thu lito o( thi, martg.ige urigint�! pnlicies� and . . ..
<br /> mnewnls therc�f, delirured ut least trn days lie(urr. the rr.piratimi ot auy such pulicies, insurm�; a;;ainst iire anci oinrr ii�kurable .
<br /> hnwrds, casuxlties, tmd continKencies as thr. l�lortFal:E'� mny nK�uirc, in ��n omounl cyuul lti the , indebtednese ucumd by ihis � - �
<br /> . I�tortgaqe.-nnd in companiec accepWbie lo the Alot(gtigee, wilh luss pnyable dause in (itvor u( and in (urm ziceeptablr fo ihr Dlorlga- �
<br /> . gce: In the �event anY P��licy is nut reneH•eJ on or be(ore ten days of its expirulion, lhe \furi�;.igrr, may prucura i��surnncr, nn the .
<br /> � ienprovemcnLs. pay the premium lhrrefor, un�l such sum shnil Lcc:�me immcslialety duc �ind payable with interest xl the rde set � . . .
<br /> . forth in� said nole until paid and xh�tll Le secured hy this mnrtKaK�'. Failure on thr par[ of t.he �7orlgugor tu fumish such trnewnls . i � . � . . � .
<br /> � . a5 nrr, h�rein rcY�oired or failurc lo pay uny sums ;idvnnmd herrwider shalL at the optinn of thr Alnri�ugee. cnnstitute a defuulf . . �.
<br /> under the terms of lhis mnriCuge. 'I'he delivery ot such pnlici�s sh�ll, in flie ev�•nt of drfaidL ronstihiln an nnsignment nt thr un-
<br /> i � - eamcyl pmmium. � � . . . . . .
<br /> � � Anp sums r<rerved by thr, Atr�rt�;ngec 6p rra4on uf loss or dar.taee in+ured aga�inst may bc retained by the Alurtgagee . . . .
<br /> nnd applied toward ihe pirvment nf lhe drbt herebv srcumd, or. :�t (he optioii u( 16c Diurlg�gee, such sums eilher a�bolly ur in . . .
<br /> ��iurt mny be paid orrr lu lhc 11url�;agnr lo bc uxd ln rupair �uch liuildint;s nr to build ni•N• bwldin„ti in lheir plarc nr (or nny . . . .
<br /> . � othr. r Purpnse nr objecl 4disfacto�y to ihe DlortgaC,�'r withoi�t alTeclin{; thc lirn on Ihe mnrlK�U:�' l�rr ihe (uil amounl crNred hc•re' . . . . . ,
<br /> by brfore euch 1>acment �wer t<�>k pluce. : � , � � i
<br /> i
<br /> . 7'u prr.mpUy rrp�iir. rest��re or rrbuild �my building, nr impruv��ments nnw ur her�•�itter on the prrmivs which may 6e- .�, ; .
<br /> come dumaKrel or destroyed; tu keep s.�id premises in �a�d cnnditiun �nd n•p:iir and (ree (rom uny mechanic'n lirn nr ntlu•r lien nr . . .
<br /> rlaim o( lien nnt ezpresslv subordinated tn th�� li��n h��n•o(; nnt lo sulTer ur prrmil anV unl.iN'{pI u�e n[ nr :my nuisanre. to rxist un . � �
<br /> � � sxid Proper�y nor to prrn�it wnste on saici pr��misew. nor fo do :�ny othr. r act whem6y thr• property hrreby n�mryrd shall become . . . .
<br /> . � less t•aluabie, uur tu diminish nr impuir it.c aalu�• by uny :�ci or umixsion ln acC tu cnmply •xith :JI rrquirrmrnts nf L�w uilh re..pect � � , .
<br /> to tlie morl�;uged prrmises and the usv IherruL ' - � , . � �
<br /> ` . . 'fhr.t shoutd thi� premise5 or :my Part thrrru( he taken nr dama�;cKl bY rensun uf any puLlic impmvemrnl or c�mdertmation . �
<br /> f' � � prcxeeding. or under the rigld of emincnt domnin. or m any uU�r. r manner, thi� �lurtgugee shall bi• rntiiled t�� ;�II cumpensnlians, �
<br /> �� awards. und tmS �ther pnymen 't ur rNlicf thcrefur. and sh:ill 6e entitlect. .LL ils uptinn, tu cummi•nce. :app�ar in ;�nd pn�c�cute in iGs � .
<br /> own nume uny action ur pr�eeding, or lo maLe nuy cnmprumise ur setUemenl in cunmrtiem with such ttiking or dnmage. All such � � .
<br /> � � compen.sation. i+wxrds, dnmu�;<s, rii:ht nt .�clion :uvl prucr�xlx nre hereby :��;sitined to the btortgnger, who may, ;dler deducting . . �
<br /> � tl�erc[mm all i4s ezpensra, rel�•:+se ;inp mnneys so rrceived Ly it or :�pply ttie Hame on auy indcbtedncrs �rcured h��ruby. 'I'he `inrl- � .
<br /> . . gngor agtt�c�; lr� ezecute sucfi Iiuther t��signmenf.�s of any compe�ts;ttiun. ��«'�rdc. �lam:u:i•s. :�nd riehls uf nc�ian and prncredw :�s the .
<br /> : M��rtgager� � may rcquire. �
<br /> i '.
<br /> T6at in c:iee o[ failure /n pedorm ;my nf t6r cueeuants hurein. Ihe \iorlg�gce mny da un tLe 41ort4agur's hehnl( ev�•rything
<br /> . . �n a.vennntcd: lhxt the Aforq;ager may nlno du any act it. may dc��m neccvnary fo prutect tho lirn thr•mnf: thul thr �iorfgugor w•ill �
<br /> � repay � upmi demand any moncl's pai<I ur disbursed try thr \1ortl:agee (or any n[ Ihe ubuve purpines. nud .urh man�•y.s togelhrr with �.
<br /> � inleresl themon nt thc rute provided in said note• shnll brcome• su much ndditiunal inde}rtrdnrss h�vcby .��cureJ amd mny br im .
<br /> cluded in nny dreree fomclosin�; this murtgnge and br. paid uut uf the n�nts ur prureeds oI sule uf said prrmisrs i! nut oth�•rni�e . �
<br /> . �' paidt that it xhull nut be vblit;atory u}x�n lhe ltorl�;a�;er to inquire intu thr vulidily o! any lirn. encumbrnnc�v, nr cl��im in :�d- .
<br /> � vancing moneys as nbove �wlhnri'tcd, but nuthint: herein containeJ shnl! tr� cunstrurd as r�t�uinng the M1inrt::u�;�•�� tn ad�•anc�< nny.
<br /> muneys ft�r tmy such pur{x�se nor to do :iny act hereunder, :md Ihat Ainrigngee xhall nol incur ruq• persnmd linl�ility becnu5�• of any
<br /> � thin�; it muy dn ur omit tu do hereunder.
<br /> � [n lhe event u( thc default by �lortgagor in thc pnyment nf �my instnllmrnf. a4 required Ly lhe Nutc ti��r.urrd h�•rrby. nr - .
<br /> in the per(nrmun�r ot the obligauun in this mod„aFc or iu Uir nnte srcumd tl�erehy. tLc \fnrtg�gre Sh,�ll br i�nt�Urd tn d��clarc �hc .
<br /> . . debt s,xurcnl hemby due anr! payable tvithout. noti��c•. und thr• �tortgagee sholl Ln rnlilled at. itv option withnW nulxe. cilher bY it�el(
<br /> r�r hy a recciver tn be e�ppoinlfvi by the cuurt thenY�L nnd wilhoul re��rd (o Llil' JfIM�UACV VI any sccurity fs;r the iudebtedni�s ue- '"?<� .t '.
<br /> � �- cure�l hereby. fo enier u��on :md iake possessiun of tl�e morignged Premises. m�d tu cullect and recY�ivt• thc rent�. issuea nnd prnfilx �'` , N i;:' 1,
<br /> �.. thert�(, und apply the xame, less caats of open+tion nnd c�llixtinn, upon lhr indcbtedn�sv U�cived by ihis mort�,atie: s<�iJ rentx. . . � �
<br /> i.�ues and prvfitt+ beinK hemby astiigned .to thc !�fort�atire av furlh�r sr•curity (or the p:�ym��nl uf �dl indebtednr,+s ��Kurrd henby.
<br /> L
<br /> � � 'Phe Mortgegce sliall havr. Lhe power lo appoint uny agent or ngents il may drsire for thr purpmr u( repairin�; �.'ri�l prem� � � �
<br /> h
<br /> . ir.es: renLng . the :same: cnllecting the mnla. mvpnues und incmne. nnd il m:ry p;�y emt uf vaid inrumr nll ezP�•n�,�•� incurrcrl im m�b �!
<br /> . . inq �� nnd . managing the � snme end of cullecting lhv rent:�ls therefrom. 'Phr balamce mm:mm�{;. i ( nnV. ih:Jl br :ipplied tuwurd thP , {1� .
<br /> � divehnrRe of the mortgnge indr6teciness. This asxignment ix [u terminuti• �nd Iw•cnm�• null ;md ��oid up�m n•I�•:i.u� uf fhis m„rttiaFe. � �.
<br /> xi:
<br />� � r I
<br />;`�
<br />� _ J
<br />
|