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<br /> MORTGAGORS . MAY MAKE PREPAYMENTS OF PRINCIPAC ON ANY INSTALLMENT DLJE pATE. SUCN PREPAYMENT SHALL BE
<br /> APPLIEp T0 (NSTALLtdENTS LAST TO BECOME DUE UNUER THIS MORTGAGE PROVIDED THE UNDERSIGNED ARE NOT IN DEFAULT
<br /> ANp ARE THEN THE OWNC•RS OF THE MORTGAGED PROPERTY. UPON REQUEST OF THE UNDERSIGNED, OR EITNER OF THEM,
<br /> PAYEE AGREES 70 FURNISH TO THE UNDERSIGNED 100% Of SUCH PRINCIPAL PREPAYMENTS, UNLESS . ADVANCEMENT IS PRO-
<br /> HIBITED BY THE REOULATIONS OF CHARTERING AND S'UPERVISORY 'AUTHORITIES THEN IN EFFECT. ALL'SUCN ADVANCEMENTS
<br /> ? SHALI BESECURED BY THIS MOR70AGE IN 7HE SAME Ml1NNER 'AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE .
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<br /> , THE '.MORTGAGOR F[JRTH�R COVENANTS AND AGRE�S ;
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<br /> � . . 7'hnt the�. Mudt;+�l:br a�ill� pny the ii��leb(��dnce.y ns ltcri�inbeforn prcrvided. . � � �. � . . � .
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<br /> � � { � . . � � � 'Chut lhe Mprlgugor ��is � thn oa•nar u( snid proj�erly in f��c � :�imple �+uid ha. gocnl ri�;ht nncl law{ul authnril�' tn xrll �+nd . .
<br /> � -..:; .. cw>n��ey the snmc. iuid thnt lh� wmc ie tree :�nd clenr of iiny lii�n orencumhr+mr��: nnd that � MortFag�u �rill ��mrront rmd drfrnd . tlui . .
<br /> ? ��3 . � � � titlu .� !{i uiid . prcmises ll�;iLIl1I� f.Ill' - CIflIR1S ' U� nll �� perxata �+�homsuev�r. � � . . � . . . . � �
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<br /> ��_:�? ' � . 'fu ��uy, immrJixiely whon dai+ itnd payable uil general luxce.� xpoci�l lases.�� speci:d �iasrasm��nln. w�de.r cl�+�rticx;� scwvr serv- � .
<br /> ` icu rhargr.a, and .other �uzcs iand chnrge�s ugainst wiid prbpi�rly. nnd all laxes levied un Uia debt,s<•cumd l�erebp, nndlo furnish khc
<br /> r,� ,. x� � � 7�1orlKugee. . u�wn . rcquc�l:. N-i�h the u�igim�l ur � duplicute :recriPla . therrfoc.. Thr �1dri�uk�r ngn•us � lfint iheru hhnll bi � ��dJrd to . � � � . .
<br /> ' � . ench monlhly � ptiyment . recjufTed hcreunder . <�r . w�der � ihe ovidence u( drbl securrd: hereliY. un amuunl estim+iled hy. Ihe Morl�;n;:ee .�� .
<br /> , �� . . . lii be nuftir.ient . lo cuuble th��. ;�lorfw(igee lc� pay. a� they Imaane duc�; nil �axes, ussrsstmnts, und similnr rhnrgr� upon thr prmm � � � , . � '
<br /> � � iu�s xubjecE thr,rotu:� xny delici��nry Ix•ruuse uF U�e i�isulticieucv oC such udditionnl P��Yments shail bu (url6�nilh dopusiled. . by 9hu . . �.
<br /> � � .� Alortgugor H•ith ihe� Alorlgn�;ec uEion detnand �. hy thr Yturlgi�gcc. Any d��fault �mdar thi.r• pnr;�grnph ,hal! Le dec•med n de(uuil. in � � �
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<br /> . paYmenC uf laxes. nsses.ami�nis, o� similnr char�;es roquirrd hercundrr. � � �
<br /> ' ' �� � �� � '!'hr nlortge�gnr ngrees IIli1L IllPfi• SIIHII llI40 be :iJded � o ench monlhly h�iYmcnl u( principi�l and inlcrrsl na�uired hrrr. . . � ..
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<br /> � !i � �mder mi :nnnunt estimaled by iLc A1�irtgagce lo he .u0icicnl to cunblo the �lorl�;n�;er, lo pa)', ri� it licrumes dui�� thi• inxurniuc . �
<br /> `` ' i � � �remium on� an>• innurunce iolicy �deliverod fo lhe A9uri i �� � Any d��ficirucq lxrnuse of � he ivau0icicncy of wch additiunul i �v
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<br /> ,� muu(s slmll � be forlhwith daposiled by ihe Atortgngor with lhc Alurtl:nf:�'�• �� p��n demend by lhc \tortgngee. An>• drfault undrr �his :
<br /> :',' j � �mrugra�ih slr.dl .be dremed � a deG�uH in lhe pnymi�ut u( insurance premiuma. 1( fhn polic�• or policii�x drp��vil��d uro such as hvmv-� , . ,
<br /> , ? . . . � nwm•r� ur xll risk policiex. �md. th�• drpasils .�re insu0irient In pay ihe ��nlire p�emium. (he AlurtRAl;ee nuq� :qiply Uie drposit. to . - � . .
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<br /> . .q pny pr��mium:c on risks requirrd lo be insurcd Ly Wis morlgage. . . � � .
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<br /> '� - Ynymonts mndu by ihe 111ort u •or undec if�e �i6ore mrn r � �hs may. +it Ihe o itiun uf Uu� Alorl ai < < b�• hrld b il and . _ . .
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<br /> comminglyd with olher such (imds rir ilt own tunds fnr tho p��,ymenl u( �uch ilems, and wi� il eu npplied. such pi�ymerd� ��ri� hrroby . . .
<br /> : " � � . plt�igi�l � ns security (or �he� unpaid bulunc�� nf the murl�:nl;e inde6trdnass. . � �
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<br /> - ; . 'Po procure, deli�•er lu. +ind mninluin for the Uenr(il. of lim Nlurl�;utice during lhc li(e uf tl�is mur�guge original policies m�d . � .
<br /> . . renew:�ls therai[. delivercd ��t li�nsl t.�n days befnrr the ��xpinLLion u[ any wch pnlicirn. insuring agninst fire nnd ulher insuniblu � � � ..
<br /> " � .. � hazarels. . casunitics, nnd contin�;cucir. us lhe biorlgiigec m:�y rcquire, in un �unount equ;il lo Uie � ind�bttvinese �:rcurcd by this � . � .
<br /> � ; � . AtortgnFe.� tmd � in compm�ies nrceplahle tu the Dturlgugee. with luav pnyttble cinuee in lnvor uf nnd in form accep�nble lo tlue :�lorlgn• . . � � �
<br /> �� � gee. ! n tl�e e��ent �ny policy i� nul renewed on ur bidore ten d+iys of ifs espiralion. ti�c Alor�Ragri' �uay procurr insurence on lhe . � . . ,
<br /> � ` � impmvemente;, pvy lhe promium lhcrefnr, nnd such sum shull Lec�mc immediulrly dur nnd p:i�•ablr with intcreKt nt. the . rate sel . .
<br /> � ' . fnrlh .in atiid �toW wtlil p��id rmd shnll Ix secumd by lhis mur��;��tie. Fiiiluro ��n �he pnrl. n( ihe t�torl�;u�ur �u furnish suc{i rt•nea•nl� � �
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<br /> . . ' � . . ns xn: herein n�uimd ar Inilum in pny nny suma xdvunced . Lereundrr slmll. ��f Uic oplion uf Ihr \7ort�agro. cunslihitr a di�f.mlt . i'. .
<br /> �-� -�}'. � � under. the trrnvc o( this nrortgn�;r. '1'h<� delivery o[ :�uch policiev ahull. in lhe e�•ent of de(imlt. cunstilide eu i�.sitinment uf lhr um .
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<br /> i�nrned premium. . •
<br /> � �� � Any sums received by lhc �torlgn�;i•e I�y reasun u( lusY ur dutnage imured ntiainal mny 6e rclr�in�•d Ly tho 1lurly;ag�•o '. . . .� � �
<br /> � t an<1 applied tnwanl the pnyment a[ the drbl hereby srcured, oq nl lhe aptim� uf the �1nr��;ugi�c, surh swns cithor ���liully or in - . � � . .
<br /> ��.i pnrt mey be pnid over lo lLe hlurt{;ngor lu Le uned to rep��ir such buildiug� or tu build ne��• buildLiga in ihrir place ur fur tmy : . . � . � �: .I
<br /> othrr purpose or object s:�lis(actury to Ihe I�turtgn�;ee withnul a�T��etin�: � hi• lirn an lhe mort�;ngr fur the full amuwrt srcurrd lirre. . � . , t
<br /> by be�turu nuch puymenl ever t�wA pluce. . - . � � . . . ;
<br /> ��. .� i 'I'o prurt�plly repuir, reatom ur rr6uild miy Luildiiq:v or impruveinenf.r- nu�r ur h�•rea(lrr on fhe pmmisev whid� m:n� bi.. - - . . � . .
<br /> cnme damag�sl or desirnyal: to keeP Y�id premisce in „a�d ronditiun nnd rrpnir �u�d free frum any moclumir's lirn ur uthrr licn or . . � � .
<br /> rlaim uf lien nul espressly subordin:dod lu lhe lien h�•rcuf: nut lo sulTer ur permil nny wdm�•(ul usi� uf ur any uuism�cc lu o�ist. nn . . � .
<br /> s��id prnpi•rly nur lo permit w��sto un snid premises, nur � o du any uther nct wherrby thr property hrrvby rnm�ryed shall b�•come . - . . .
<br /> � � - j irss v,aluublc. nor to diminish or impnir its vnlue by ��ny nct ur ornissiun �o nct: tu cumply wilh iill n•qnircm��niti uf Imv willi respcct � � �- �� .
<br /> �n ihe tnorlk+�Ked Prnmiecs i+nd lhe use lhcriv�L �. � �. . -
<br /> 'T'h+d. vhoiild llu• premi.es ur �my pnrt Iberru! Ir� lnken ur d�uunRrJ by rruwn of mi7 public impru���anrnt �,r cundrmn:dion . � . .
<br /> r�;.' � � i pnueiwling. or tmder the ri;;ht uf eminrul domain. ur in xny nlher mnuner. tLe 11ur(gngr�� .h;dl be enlilli�d tu :JI compen.uliuns, � � �.
<br /> nwnrds. nnd :my ulher p:�yment ur mlief llurefoq tmd xlmll be enliU��d. at ilz opliun. lo cumm��nee. i�ppi�ar in :uid pnc�rute in i4c � �
<br /> � own mm�e any acliun ur ptexecding. ur ln mukc nn,Y cumprumise ur selUcment in connoclion wilh such Inking ur dmm��;e. r\II tiud� � . .
<br /> cumpensution. ++wnrdx. dxmngex. ri�;ht uf uclion �uid proceals art• herrby nrsignad fu l6�� Dfor�gag�a•, wl�u m:�y, n(ler deduc�iu� � � �� . . �
<br /> thcrefro�n nll ils i�s�H•nu�., rcico�c iuiy moncy4 tiu rra�ivrd by it or :ipply thc snme un nny indebledncsc .�•curc�i henrby. 'Chc Dlorl. � .
<br /> �;nKur ugrecv lo execulr xuch further z�a�i�;nmenl� uf uuy cumpi�ns;diun. ;�H•nrds, d:�mn�;i�v. and ri�;hlti of uc� iun :uid procrrJ� i�, Ilm . .
<br /> Mnrlgngcc nmY requim.
<br /> . � � 1'hut in ci�e o( failure tu perfunn un•; of the rovenunls hcrein. thc Alortgagei• nwy do nn the \1orlge�;ur's bi�hed( �•v�•rylhing � :
<br /> so wrennnied: llml lhu :vlortgngcc may nlsu dn miY acl. il muY dcrm no�yss,�ry tn prulirt 16c li�•n 16��rruC ih�d ihe Marlgugur will . . . .
<br /> rrpuy upon demand any moncys Puid or dis6uncd 6y the biur�tingec for nuy nf the ubwc purpc»cs. nud .uch mmu•ys In�;rther wilh - .
<br /> �:'.� i inlerenl lf�eriro�i nt the rnle pruvided in sa�id uole shnll become su much :idJiliunnl indeblydnesv hereby secun•d and nu�)' Ix• in• .
<br /> cluded in xny decrec (un�lo�ing lhis morlg�ige anJ be puid uut nf the renlv or prucerdn of c�ic nf .nid premixew i( nut othenrisu : � . � .
<br /> � ' pnid: that it xhnll uut be ubliquluq' upon the �lortF�1:« tu inquirr inlu lhi• vnlidily u( any lien. rncumbruncca. ur cinim iu nd- � � �
<br /> vmicing moneys as nbnvr. :wlhorized. bu� nof6ing hvn•in cunWined .hi41 Ln� cunslru�•d ns nv�uiring ll�o \turl�:ager tu adv.mce nny .
<br /> moneys [or any xuch pur�x�u� nur to du nuy iict hereundrr: nnd lhnt �1urt�;agee hhall nut incur nny pcnonnl linbilily boc,iu.c �d nny �.
<br /> . thing il. nv�,V �Io br umit lo tlu hemunder.
<br /> In �he evenl ��( lhc Jr[uult by ktnrl�;ngor in tlic pnymenl nf +my in.t:Jimenl . ns required hy Ih�� Note secun•d Lercli�', ur � . t
<br /> '� in lhe� performunm u( 1he• nhligntion in this murigage oc in U�e nofi• securcd thereby. lhi• \torl�ngee �I�ull 6e rntill�•d to drelnre Ihe �
<br /> � ! d��bt secured hereby due and pxyuhle wilhout nutice. nnd Ihe A�Iorlgegcu shidl be rnlitle<I ul i45 oplim�. wiUionl uoticr. eilher by ilw�l! �. .•"'t ��,,i '`;
<br /> - ur by n rrcaiver to Le� ap�ioinled by thr. rnurt. therenf. imd �wilhout . regnnl � lo lhe ndeyuoc,v o( nuy securily for thr indebtednexr ne• � � � � .,��. "
<br /> ` � curtKl hereby, to enler ulwn iutd tnke pn�vession uf tl�e morlgagrd premisew. nnd to collitiY Und r�ri�ive Ihe nads. i�cues nnd prn(its �� � .
<br /> � .�I then.rot. nnd�. apply lhu sume, l��s cuhta o[ uperutinn nnd irlltt�tion. upun 16r indeLlislnes� rLLcurod I�y lhiv murlgage: euid mnls,
<br /> . � . � - ivaacs und profits �{x�ing hemby easignrd io thc D4urtgn�;ec nv furlhcr cecuritY (or lhe pn,vment u( ull indrbledn�wv scaurcd hcrrby. � � � %t �
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<br /> � The �9urt�;n�;ee simll huve the pmver to appoinl. nn,V aGenl ur a4�'nis it m;ry draire foc the purperee uf re�miring �md prrtn- � T¢i
<br /> iuw; rrnting lhr xHmc: colleclinR Ihc renlx. rev[nuea und incume. nnd it ma}' p:�y oul of nuid incumu ;�II i�xpen.�w �ncurral in n•nb �. � � �
<br /> inF end mvnngiaw. the. anme and of collecling ihe renL•ds lherofrum. - `I'I�c hnlnace remnininl:. if iury, shull 6u Fipplird �uu�r�rd thr � ,
<br />� . diuhar�c of lhe mnrtgnge . indebt�•dni�u. This r�saignmenl ie to trrmiu:vh� m�d fxrum�� null nnd vnid upon rv�l�•+�w• �,t thir mnrl�:ngr. �
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