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<br />� � 7�- 00090 "7 �
<br /> MOH7GAGORS MAY MAKE PREPAYI6ENTS QF PRINCIPAL ON ANY INSTALLMENT DUE DA7E. SUCH PREPAYMEN7 SHAlI BE ,
<br /> APPl1ED T0 INSTALLMENTS LASTYO BECOME OUE UNDER THIS MORTGAGE. PROVIOED THE UNDERSIGNED ARE NOT IN DEFAULT
<br /> ANO ARE THEN THE OWNERS' OF THE MORTGAGE� PROPERTY, UPON R[QuFS7 OF THE UNOERSIGNED, OR EfTHER OF THEM,
<br /> � � � � na�ruvn: �Mni . �C �t��U � OA MP10s�.' ODCO/�V4FN7C� � Ip!lF.SS � A�IYANCEMENT� IS PRO� � �
<br /> ' / YFl�LG �%�VnGGOIV' �unniori�TvTnc �vi�uLw.v�.rv . .. �p �...... _ .
<br /> HIBITEO IiY JHE REGULA710NS OF CHARTERING AND SUPERVISORY AUTHORI7tE5 THEN IN 'tFFECT: ^.i:. cUCH ADYANCEMENTS .
<br /> SHAL6 8E SECURED 8Y'THIS MOR7GAGE IN THE SAME MANNER ANO EFFECT AS IF NO PHEPAYMENTS HAD . BEEN MApC• .
<br /> ` TFIE ' MORTGAGOR FIIRTHF.R COVENANTS ANI) AGREES;
<br /> �� 'l'hat ltte Dlodgngor will pay the indcblydnees es iierrin6e(me pmvided.
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<br /> � i � � T1ieC the Murtqa[;�z � ix the �owner ot � snid� praperlY ire tee simpl� nnd hns �;rmd � ri�ht and Ixwful�, authorily !o ael! and : . -.
<br /> �. con�•ey the aumeHnd lhat.the aume. is free und �dcur of any . licn � or �rncumbrnnce: nnd thnt � lllr�rt�i�gnr. will w•s�rr:�nt - nnd �it�tend thr. � �
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<br /> IiUe�. tu gaid �Eiremises-:against lhe� cteimF of ,all...per�ns whomaoevec � . . . . . . . . . . . . . .
<br /> 7 �' � 'Po pay. immediately when due autd paynhle NII general tnxes, �special taxr�s, sprciul assrwmen�s, watcr �charties, newcr serv- � � �
<br /> . � � , irn cliarge.s, nnci.�. other ftixes nnd �charg��s against said pmperty, r�nd nll tazes levird on�. thadiht :;ecurr.d here6y�, and to furnjeh .th� � � �
<br /> .Aior{gugee, ppan rc�uest, �ivith the originul � or rlupiicate rE�ceipts' therefoT. � 7'he �tort�;aFor .igrces thnt� ihere shnll � be xddecl� lo �
<br /> ench �monthfy . pnyment .r�:quimil � hereunderor uuderlhc �evidence of de6t secured hereby. �.��n e�mhu�t��. estimuted hy the hlurtgnger.� � �
<br /> � � � to _ he,-� :+u(ficicnt' to � enablr. ihe �Tlurtl;agee to . ��ay, ris thr.y becume �due, all. tazes, usscxsmenis. anJ vimilar .chUrgeh upon � ihe prem�' . .
<br /> �� � ises.�suUject� thereto; :mv deficiency tx�cause oE the insuliiciency oP�:;uch uddifionnl . papmr�ils ehult he fi�rthwith -�leposited by the � �
<br /> �1}ortgagor. with ihe� �htorfgngee �. n�wu � demuad �.. by lhr. \inrlgngee.� Any detu�ilt undir this �mr;�grnph shnU � he� deemed a defaulk. in� . � . .
<br /> � puymtml 'o[ laxes; asse,smrnts. +�r � similnr �churties rrquired .h��reund�•t � � � � . � - � -
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<br /> � � � �- � 'f6e � ,�lnrtgngor agreei . ihnt thc�re +htdl ulso be ��ddod to rach mmuhl�� �wyment o( prin�•i��1l � nnd interi�st requirrd here- � �
<br /> V , ; -.� . � imder� nn atnount estimuterl by the D1ottRagee to b�a siillicienl fn enable U�c biorlgager to pay. as rt l�ecomra due, the in9urancr . . . .
<br /> � .. . premium . on . any insurnnn� j10I1CY lICI1Y0fl'(I IO fhe rturtgagee. Any deficicncp because nt thr insulfirivnm• � o[ xuch ndditional pay-. . . .
<br /> � � ments shall be furthe•itKdeposited by thn \lortga{;or with ihe A1ort�;agee upon demm�d hp ihe Alorfgugee. Any deftm(t .underthis � .
<br /> i � . . pnrngrnph ahull ix cieemial a defnull in the payment uf ineurance prenuwnv. !f the pulicv or . pulicic5 deposil��d are suc}� a; home• � .
<br /> � ��wper.i or. nll risk . pulicirs, and the deposils um ia�ullicient. to pny die cntire premiwn. ihe 5(ort�;ngce. mny � npply � the � deposit .fa . � . � � .
<br /> �. pay. ��remiums"nn risks required to be iusured by i.his nmrtgagr: � �. . . .
<br /> � � " Paymenfs m�du hy ihr. �tortgngor widcr Ihc above paragrnphs mnp, ai. the option ot the Atortg.�gee, be he6l � hy � it � and � � . . . .
<br /> - . cnmmingled �rilh other such funds or itx m��n (unds for lhe pnyment o[ such ilrms, :md unlil sn applic�d, such pnym��nfs are hereby � � � �
<br /> ' � pl`vlAal as security fur lhe unpnid balance o[ the mori�:il;e indebtedm•es. � . � � � �
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<br /> � � � - 'Po procurc. �� deliver to. m�d mnintain for the brnclit o( lhe itort�:ngee Jurin�; t}�e li[c+ of this mnrigaRe uriKinul policies and .. � . .
<br /> renewalti the�eof, delivcred at Ic�ast ten dt�ys t�eforc the e.xpir:�tion . ot .any sud� policirs, insurin�; agaii�si fire and nther insurahle . � .
<br /> � � hazntds: casunities, nnd � contingencies as (he A7ortFagee muy requirt•, in atn amount equal to lhe , inde6tedne?s �� secured by � this . � � ��
<br /> � !� �. � � hfortgage, und in compsnias accepfubie in the \ior[ga�;ee, with loss p��ynble clause in fuvor o( :md in tonn accepto6le tu thc Alortga• � . -
<br /> � gee. . In the� event nny � Pnlic>' i. nnt renewMi o�i or before ten days of iLs expirulion. lhe �fort�:agee may prncure insurnnre on the � � �
<br /> i � � _ � improvements:� pny the premium thcretor, and such sum slmll bec�me immedinlely due nnd pnyahle with interesl al . the rate set . . " � �
<br /> � .. (orth .in �said nnte until paid mid shnll be secured hy this �nortg��;e railurr, mi the part �n( the blartgnGor in furniaksuch� renewals `. �� �. � � � � �
<br /> � � ns src herrin rcquired ia fnilure fo pay any sums adv�nced hereunder vha11, nt ihe option o( the A1or��;a�;re. � canstilute a delault � � . .
<br /> � .. � . �� under tiie terms uf fhis mortquge. '1'he delivery of such pnliCiCs shall. in fhe e��eirt ��( de(nult, cnns�itutr an nv,i�;ument of fhe . wo- . . . .
<br /> � � � cntnid pmmium. - - '
<br /> , � � . . � Any �sums reaeived - by t6e �4ortFagee by reason of � loss nr damtµe insared ngainst m�y be �r�•lained by the� �lnrtgagre � . � , .
<br /> ' �. y . � rind applied to�.:�n3 the p:ayment o[ Ihu dobt � herel>y s��curc�l, or, ut the option of lhe 17orlgn�:ee, suc6 sumY ri�her � wholly �x in - - - . � - .
<br /> part muy be � paid� over to the �fortgagur to tx us�yl to repair such , buiJ�linK% or to �uild nr«• Uuildinks in Iheir plurr ur fnr any � . : �
<br /> �` [ nther � purpose ur ofijest v3tis(nctory tn lhe �lortga�;ec withuut nli�iittin�; thc lirn un ihr mnrt�n�;r [or the full nmount �ecuted here• � � . " � � , . . . �
<br /> by fiefore such papment ever i��k place. . . � . . . � �: ��
<br /> : .� � � 'Co promptly repriir. resloru ur rebuild any huildin�;s nr impru�•emenls noH� ur hemaHer nn fhe premises which mny ba � � .. � � � ��
<br /> � wme da�maged or dcstroyeKl ; to keep sairl premis<•s in �:�x�d condition and r[•pair and free (rum any mechnnie's lien or <�iher lien or � � � � �- �. � .
<br /> �� ? ctuim o[ lien n��l expresslY e�utwrdinated to ihc licn hereaf: nul to sulTer ur permit :my unlawful use of ur any nuisance to esist on -. . . �
<br /> ? said property nur to pi•nnil H�aste un suid premi;es, nor In dn rmy othrr nct whE�rrUy � he proprrtc hereby amveyed sh:�ll lxcomc - � � . �.
<br /> Irss vnluabie, nur lu dimir�ish or impair its vnlue hy :my :ict nr nmisaiun tn act : tn enmph� �rith nll requirrmeide of la�v �ciUi re+p�t � . - � .
<br /> :' < ; ln the morl{:aged prfnniscs :ind tl�e use thrnroL � - � � �
<br /> � � � �? � That should the pretnises or nrq- p:irt therro( tm taken ur rlum�gcKl by r�•nann o( nny pubtic impruv��ment nr wndemnation � � .
<br /> '�� � � i pruceeding, or under tl�e ri�;ht o[ rminent danain, or in uny uther manner. ihe �Snrtt;agee shaiit be entitled � to ull compensn�ior�v, �.
<br /> awurds; and xny uther payment or mlief thetefnr, :md s6a11 6e entitled, ad its uption, to cnmmence, appcur in and prosecute in iL9 � � � �
<br /> . � 1 � mvn nnme any. action or pra:e�ding, ur lo tnuke uny c�mproinise or settlement in connection with such tnking or damnge. All such � � � � .
<br /> � corn��ensution. awards. damngi�, right ot nclion a+nd pruca�sls are hereby n�.+igned to Ihe hiortgagre, who mny. ufter deduclinF � . � �
<br /> � themfrom •sll it�v expe�vsex. relcase Fun muneyg sn mceived by it or apply the same un ony indebledness secumd herrby. Thu ASnrF � � � �
<br /> gaqor aKn�i� lo excvvte such �furthnr n�ignments o[ nny compensntion. nwnrJs, damii�:e+. amd ri�;hfs u( action and proreedc ns Ihe � � .
<br /> Mortgngrr mny require. � � . . � � �
<br /> � � Thnt in case uf failurv tu ��erform pny ot the covenantn herein, ihe �Iorlga„ee mn�� do on th� Alnrt�;akor's hehal( rvrrythinR . �
<br /> t%'. �.. � � �:o rnvenunted; thut the �tortgngee mny alsn do any act it may deem neas;:iry tn pmt��ct ihe lirn thercof: th�d the � htorigagor will � � � �
<br /> repny upon demnnd nny moneys paid nr di.+6ursed by thc hlorigaFrc fnr any o( the above purp�nes, and such moneys tngethcr with .
<br /> � : � inlerest theremi nt the ralr provid��d in said note shnll � txcume su muc}� additiunnl indeblydneca heteby secured i�nd muy lHr in• � � .
<br /> _� � duded in uny decree fon�cloeing lhis mnrtF<<Fe nnd tx pnid out of the rents or pnxceds of sale nf said premisca i( nnt nfhenvi.er. �
<br /> �)8l(I; fI1Hf,9C ' SIIlSII not be obligalnry u�wn thr lltort�agee tn inquire into the validity of am• lien, ��ncumhranms, or claim in ad- �
<br /> � eancinY, moneys us nbove authorized, bul nnthinK herc�in cnnlnined tihali IK anvatrued av rcK�uiring the M1tortK:iy;ee to aidvunce any . � � .
<br /> moneyx for an�� such pur�wse nur tn do any act hereunder; nnd that :�fortg»�ee Hh:dl nof. incur any persunnl linbility b�cau=r o( any � .
<br /> lhing it may do ur omit tu do hereundee � � �
<br /> In the event nf the defnult by AlortguFur in ihe paxmrnt of anY instaliment, ns rryuircd bp the Nute si•cured herrby, or � .
<br /> �� ; in the tK'r[ormunce o( the ubligation. in this mortgage <ir in the note Fcwured thenby. the 6forh;aFee �hall be entiHrd tu d�tilttre the . . �
<br /> debt sec:urrd hrreby due and patnble witfiout notice, und the 1lortgngec shnll be enlitlrd at iLs uption, wilhout notice, either i,y it»el[ . �
<br /> .'� or try a receivei ta be appuinlcKl by thr. court then�c>L nnd without ro�;ard to the ad�K{uncy nf :mp �i�rurity (or thr indebtednex; w•- . ,.
<br /> cun�d hereb to enter u ion and take iossc�simt of the �nnrt n id remises, and to cull��ct and r�acei�r thr renis, issui•s and �rufGv � ""'' "� �` - � �
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<br /> lhereot, and upply thr s�une. I�xs cusis ot o�xrnlion und mllection. upon th�r indebtedni•ss a�currJ hy this mortFnFr, e:aid renLv, ', � +r,'
<br /> � ivui5 nnd _profitx beinR hereby usviqne<I tn lhe lfortgnFee as (urther .=.c�curity (or the. payment of �ill indeUtedness �r•curt�i hereby. � � y �
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<br /> L Thc Mortgagee Shnll havr. ihe power to nppaint any agent or �Rrnts it nwy drsirn for the pnrpine of n•pairing naid prem- �
<br /> i � � iscs; rendng� lhe snme; crollecling lhe ren4s. revenues nnd income, rmd il m�v pay out of said ircumr :ill �•xn�•��s<w incurr�Ki in renb � i� � �
<br /> � � �ing :nnd munnK�nF. � the �smne end ot collecting thc renfnls thereRnm. Thc balance rrmnining. if �+ny, shall hv n�,plicd tmrard the . SA "
<br /> � � di9churge af ihe �mortgnge iodebtednexR. This nsaignment in fo trrrninntt• nnd 6ea�me� null nnd rnid upon re•I��ew� n( thie m��rtFnge. � �
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