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<br /> MORTGAGORS MAY MAHE PREPAYMENTS OF PRINCIPAL ON ANY INSTAILMEN7 DUE �ATE. SUCH PREPAYMENT SHALL BH
<br /> ppai�cn Tp �Ncrp!lMENTS IAST TO BECOME DUE UNDER THIS MORTGAGE. PR4VIDED THE UNDERSIGNED ARE NOT IN DEFAULT
<br /> AND ARE THEN THE OWNERS OF THE MORTGAGEU PROPERTY, UPON RE�UEST OF THE UNDERSIGNED, OR EITHER OF THEM;
<br /> � PAYEE ACaREES T0 FiJRNISH TO THE UNDERSIGNED 100% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS AL�VANCEMENT lS PRO• '
<br /> HIBITEU �Y THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHDR�TIES THEN IN EFPECT. ALL SUCH ADVANCEMENTS
<br /> SHAIL BE SECURED BY THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE .
<br /> � THE " MORTGAGOR T�'URTHEft CQVl:NRNT3 AND AGR�E9:
<br /> ; � � . '1'het . the � Mnrf�;ntinr will � pey �hc� indrbt�dness ns hrreinbefore . prnvided: . . . . . . . � � � � . � �
<br /> . � � Tlmb tlie Mortghg�r is lhe. �uwni•r ��f y.�id property in tee simple and has goal right and. Imvful authorily ln sell � ;md . .
<br /> ; r '. � - �� � �vnver Yhe same�. xnd lhert llue nyme is iree imd cletv of �my lien� or encumbranc�+; an<l thnt Murlgnqor. ��•ill w�irrnni. �md deL�nd ihn . . � �
<br /> � litle -tu sei�l prcmines. x�;ainst � tl�e ciaims . uf. -all petsona.� whomsoeved . � � . � � . . . �
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<br /> �,' ;�. �. � . , � � To piiy. immhrlinlely �H�hen due .md ��t�yehle� nll genernl lnxee. specitjl tuzea, special asvessmimts, waler chargea;: sewor sr•rv. . � � � ..
<br /> . �� . . . . �ice cLnrges, and� afher L•izes :and chniges �igainst suid property, und � all taxes levied un the de6t secumd hvreby, and tn furnish !ha . .
<br /> ' :�� � .. . � hforfgeqee, upon � rt�uest, wilG . tl�e originxl �nr duplicate rer.eip�:t therefor. 7'6r. I�lnrtgagor ngmrs that t6ere. shull. bo tiildril � fh . . .
<br /> : ��,; �� � cach monthly � pnyment required �hcreunder ��r under the evidcmce nf dch[ ru•cured hereby an amounl ��alimnlyd. hy fhc �lurtgager � �
<br /> % M1. � � � to br. � sufiicient ta ennhlc the hlortgagce lo p�y, us thcy becomr- due, :dl tux��, aLSsi�,smenis, und similnr chnrgrs u�mn the prem- �
<br /> � ises� subject themto; ��my deliriency �Ixxa�use o( the insulticiency at . such additional pnyments �shull 6e furthK•ith dep<xsitcd l�y ihe
<br /> ' � �� . . �� Morigngur wiqt lhe � MurtFngee upnn demnnd hy the \tortgagec. Any dtf�ult under ihis piirngn�ph shall bc deemrd �n detnult in � � . -
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<br /> . . . priyment �nf ��: inx�s. assr.siments: or sitnilnr cbarges required hemunder. � � � �
<br /> . .;, � . . . 'Che �� D4urtgugor :igrces thnt therr shaall nlsn be ndded to enc6 monthly paymmt n( prtnclp:�l :fnd interesL reyuired here� � -
<br /> . .�j. . . under un amuunt estimtUi�J by lhe h1ortgngi�e to be su(licient lu enable the hlortgagee In paY, :is il becnmes due. ihe insurance � � � � . �
<br /> -�, : . . . Ilremium on� nuy insur:ancn policy delivered to Ihe iliurtgagre. Any deficiency heemise o( Ihe insufficieucy of such additinnal pay . . � . . � � : .
<br /> ' �:�1 � ments shull be fnrthwi�h Jeposited by the �lortgagor �vith the 11nrfFaFee upon domand by the I�1ortgagee Any default under � fhis � � . .
<br /> ' � � � puragraph sh:�ll lir d��i�mFd n defuuit in (hr paymrnt o( insurnnco pr��miums. 1( the �x�licy or pnlirics depnsiled are surh as hnme-
<br /> . � owners or :dl risk . policies, and the depotiils are ins�diicirnt tu pny the enlire premium, lhc '.1lortg��gec may npply thc deposit � to � .
<br /> �. � �. �. � prrv premiums on risks reryuimd to Iw insurnd hy thic moripaFe. . . � . . . . -
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<br /> � i Y:� ments mtide 6y the �4nr! n or under the abovn nrtU;ra �hs ma at Ihi• u dinn u( the A�Inrt 3gce, I�e hcld by i� and . . .
<br /> +, '-:i � � 1' F i; 4 � 1 Y. I ti. . . . �
<br /> ';j . aommingled with other such tunds ar ils nwn tunds for the paymrnt o( Such items. and until su ;ipplied. such pnymerdx are hrrrhy . � . . �
<br /> . pliKlged iis securih• for the unpuid bnlance ��[ the mort�;age indebtednrss. , � .
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<br /> � � � � � � '1'u procure, deliver to, and mnintain for the 6enelit of thr Alnrlgagee during thc li(e u( this mort�;aige oriFinnl pblicies and - - � �
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<br /> renewels thercrof, delivered �t least ten duys hcforee the expiration of any suct� policies, insuring ugainst tire and ofher insurablr. � � .
<br /> ; . � � hautrds, casualties, and conlingencics as thu htortgngec may requirc, in an amotmt equal tu (he indebtedness secvmd . by this . . � � "
<br /> � � hln�tgage, �nd in compunie4 ncceptablo tn thc ltorigagee, with loss payable clnuse in fuvur of :md in form ncceptable to the liortga- � � � �. �
<br /> , .�� : � � gee: In .the event any pulicy is not renewiKl on or before ten duyy o( its expirntion, the h(orlgagee mny procurc insuremce on the � � . .
<br /> improvemenLv, pay the premium there(or, tmd such ��mi shall become immediately due .m�i puyable with intemst ul the rate set .
<br /> ' � � furth in� said nole until paid and shall be secured by this morlgage. h'ailurr. on the part of the Dtortgagor ln furniah such renew:tis - � � � .
<br /> ;} � ns are hrrein� rc�uired or failure to pny any sums ndvanced hereunder ef�all, a! the option o[ the Afortgatirr, constitute n default � , . .
<br /> .'� t under the terms of this mnrlKage. The dr(ivery nF such policies shnll, in the evont o( defnult, conntitute an asvignment uf the un• � � �
<br /> � � - � . earnecl premium. � � .
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<br /> +�.� -.� An.V sums received by the Aiorlgag��c by rnnson of los, nr d.�msgr insured a�;ainst muY be rv�ininrd by thr Dlurl�agce . .
<br /> ' � und applied loward the puyment of the debf hereby secured. or, :it lhc option uf the �tortgugee, such sums either whnilv or in � �- ' � �
<br /> { � part may bc paid ovcr to ihc hlortgagor to Ix us�Yi tu rnpair sucli huildings or to build nrw Uuildin�;s in thcir pincr or (ur miy �. � � � �. �
<br /> other purpose or �ibject snlisfnctary lo the hlortgagee wi�hnut nRectine the lien on the morl�nge (or lhe (ull mm�unt serurrd here- � . . � � . � �
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<br /> '"� � 1 . by bi�foro such pnyment evrr taik pince. � � . , � . . , i
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<br /> -.;�:. i To pmmp�ly repair. restore or rebuild nny huildin�;s or improeem�•Ns now or hun��fter on ihe prcmiu•s whieh may be- - . �� .
<br /> ' ' come d:unug�Yl ur Jeatroy��l: to keep snid premises in �;a>d condition nnd repair and iree Irom any mechmiic'S lien or olhrr lii•n or � . � �
<br /> .: ', � clnim o( lien not expres9ly sulmrdinnted tu the lien hereof; nut to suRer or permit nny unlawful use of ur nny nuisnuce tu eaist nn �_ � � � .
<br /> snid property nor to permit waste on w�id premises. nor tn du anY other nct �5•herehy the pruperly hereby com•cryed shall becnme � . � � � � .
<br /> less valuuble, nor to diminish or impnir its vnlue by nny nct or omi�ciun tn ach, to cnmply with nll rrryairements of law wilh respect � � � � . �
<br /> to the mortgngrd premises and the use thereof. - � . � .
<br /> A:�, � 'I'hat should the premises or any purt lhercv�f Ix taken nr Janmtiec! by rrason o[ �ny puhlic imprrn•�•ment or cundrmnntion - � �
<br /> pr�u:eesling, � or under ihe right of eminent domnin. or i�c any nfhcr mannc:. the M1forlgngec shall be ��nli�l��cl tn :�II cumpensFilinns. . � .
<br /> -����. i awarde. and any other p�yment or rrlie( U�erefor. :uid sh�ll be entitled, at its oplian, to cummrnce. nppenr in and pn�ecute in i�v . � � .
<br /> own name wSy ucLion or proceeding. or lu make any cumpromise or sctlli•menl in ennnection with tiuch takinK or damuge. All such � � -
<br /> cumpcasation. awards. dnmuges, right o[ actinn and prceee.da are hereby assigned lo ihe+ A1otlgngee. �ehu may, after drductin� .
<br /> � there(mm all ils ezpenses, release uny moneys su received by it nr apply fhe same un any indrbtedness secured herehy. 7'he \turt• � � � � -
<br /> gugor ugrr.es tu execute vuch furlher assi�;nmrn[s nf nny cumpensatinn, aw�rds, d;�mages. :md riRhts n( ncli<in nnd pracrrd. as the � � �
<br /> 1�7ortReii;ee may require.
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<br /> 'I'hat in case o( tuilure lu perform any of ihe co��enants herein, thi• 0loriga�ee muy do on fhe \tortK��ti��r; bvhal( evrn'thing
<br /> :,,.` i � � covennnted; that the Dlort�agee muy tdso du xny act it may deem necessary to pmtect the li�•n thereol; that t}�� p1nrtgn�ur will .. . � �
<br /> -�. i repuy upon demand any moncys paid or disbursed by the Mortgngee fur any of the above purpm�•s. :md such monr•ys t<��ether with � �
<br /> k ��; . { � intr.mst thercron ut the role providod in suid nole. shnll txcume so much additiona! indebtrdnrsc hereby +ecurcd and may Ix� in- � . �
<br /> cluded in nny decme foreclusing this mort�nge and be paid uut of lhe renls or proceeds a( sule o( sriid prcmises if nu! ofhenvise �
<br /> ������� �, paid; that it shall not be obligntory upon the n1ortgngee to inyuire iMo the validity o( nny Iirn, encumbrttnCes. nr claim in ud• � � -
<br /> ' vnncin�; mvneys as ahove authorized, but nothing hemin cont:iined shall l� cnnstrueci ai requirinr� Ihe �turl�;agee to advance any .
<br /> -�--< �! moneys (or any such purpuse nor tu do any uct hereunder; nnd lhnt �fortgnFee ahull not incur :my penonni Iiability brcuuse of nny- �
<br /> thing it mny do or omit lo do horeunder. �
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<br /> ,�.'�;�.� � In lhe event ot the de[nult 6y �fnrtgagor in the pxyment uf nny install�nent, as ns7uired by tl�r Note sccurrd herehy, or �
<br /> a in the ��crtormnnce o! the obligation in this mortgagr or in the nute vrumd thereby, thr �fortgagee shull he entitlr.d to declnre the �
<br /> '.�� i � debt r•ecured - hemby due� rmd pnynble without notice. and the MortgnFec shall be entitled nt its optiun, aithout notice. eithet I�y itselt . '�?.i � .'�r•;i`;.
<br /> or hy a receiver to be nppointecl by the court thenrof, nnd without regurd� to lhe adeyuacp of any aecurily fur thi� indeblednc�vi ce• . ��. �y �i��;.'��
<br /> cured . hereby, to enter u�wn und tnke �xxsuwsiun e�f the mortgagerl pnmises, ;md to wllect und receive the rents, issues nnd prnfifa � � �
<br /> ( fhereot,_ nnd� upply the vune, Icss �c�ts o( operation� and colleclion, upon the indeMednesti veo�rnd by tliis mnrf�;age; said rrnts, � . . �
<br /> C issueY nnd prnfiLv being hereby uesigned to the �lortgn�;ec uy furthcr aecurity for the p;rvment of all ind��htiviness se•eured hereby . s�
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<br /> �� The �furtKtiFee shall hnve the pux�er to nppoint any agent nr agenta it may desirc for the purp�ne af rrpuiring ;:iid prem • � �
<br /> ises; renG�g thr. same; mllecting . the re.nLR, rcvenues and incnme, and it muy pay out of said incume nll espen�ez incurrcYl in renb s'�.� '
<br /> . ing und mennginK the samr nnd of colleclinF the rentnls there(rum. 7'he 6alance remaining, if uny, ehe11 be appliecl loµ�nrd thr � � �
<br /> dinchurge o( lhe mortgn�;e indehledne�cv. Thir ncsignment is �o Irrmimite �md Marom� null and enid upon r��l�•av� af this mnrtcaGe � . .
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