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<br /> F10RTGAGORS MAY MAKE PflEPAYMENTS OF PRINCIPAL -0N ANY INSTALLMENT DUE OATE. SUCH PREPAYMENT SHALL BE •
<br /> APPLIED70 INSTALLMENTS LAST TO BECOME DUE UNDER THiS MQRTGAGE. PR4YIDED THE UNpERSIGNED ARE NOT IN DEFALILT
<br />� ' � . allo nHE 7HkN THE UWNERS 6f THE MOkiu'nuED PROPERii; UPUN REQUEST OF THE UiiDERSiGt:EO, OR CI7H[ii OF 7N�fA,
<br />� °/:YEE 'AL'iP.EES T4 FJRNISH T4 THF UNncRSl�NF4 24+J°{, OF SUGH PRIHGIPP.L PREPAYMEN7S, UNLESS AOYRNCEMEN7: !S PR�3•
<br /> HIBITED BY THE REGULATIOHS OF CHARTERING AND SUPERVI50RY AUTHORITIFS THEN IN EFFECT. ALL SUGH ADVANCEMENTS
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<br /> SHAtC; BE SECURED . �Y 7HIS MORTGAGE iN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE.
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<br /> THE hfDRTGAGOR F[TRTHER COVFNANTS AND AGRFGS:
<br /> 'i 'i7iat t6o Mortgagor will j�ny 2he indebtedness us horeinheto�e �irovided.
<br /> . , `� � ���-� 'Phaf� lhe � Mortgugur'�is Uie oimer aL.enid pro��erty ii� frn � aimple � and I�a�� t;orxl right nnd lawful auth<irily to sclt mvl �-. . � .
<br /> , :� comey lhe 9ame�. nndthcit Lhe samu es� free�un[! clear o[ any li��n or encumbrance; und that hlurlgxgur will wnrr:mt nnd detrnd thr, � �� .
<br /> {� � title. � to snid �ir�mises againxt thu,' clnims .i�f atl . �N�rxnn��. whomwevea � � ; � , � �.. � .
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<br /> . y Tu pay: immediatcly e•hi°�� � due and payqble nll� t;cneral taxes, spe�inl lvxes, special us.e�ssments, watrr charge�, sewer serv- � .
<br /> �', � � i<k charges, and.�ofher laxe�s and �eharK�'a _�agoinsf s�id � proFx'rty, and all �taxes levird ou. the+ d< bt si�cured .hemby, and to futnish the � . -
<br /> Tlorlgugee, uN�ti r��yuest,; with the originul nr duplicate reccipts therefnr. 'Phe Mnrtgngor aY. mes that then+ ehall b�e added tc�
<br /> ench monllily payment mquircd hercui�dce or undor the evidinc�+ of :eGt sr.cured hereb�c mi arnount cslimated hy the !4iodpsgee
<br /> ' `�` ' tu be ; sU�cienE to cnahlc. . the �.\lortgaitee to pay. n+ . l.hty becnmo due.� ull tax�s.� assr.ssmenls. and similnr c6arRcw iqxin�. khc Prem• �. .
<br /> � ; � ` iser, .FqbjNct � thereUr: uny�� delir.iency . lxcau..e . of lhe iuxu0icioncy � nf such � adciitionnl. � payments �hell be forthwilh'� depasitecf�. by tLe � . . . �
<br /> ;;;�.. � . � �biorlgagot with��]Le�. �Adortgagec iipun demanc! by � thn � n4ortgvge�±. Any default under this P�tragraph shall lic. dcen�e.d� a clefnult in � � . .. . � . .
<br /> � � pnymenl � of� tnxes. axsessmonts. or simiir�r chnrgrs mquired hrreunder. � � � � . � . � � � .
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<br /> . � � .The �Alortg�gor tigrecs lhat there shall ;dsu bc addrd io enc{� munt.hlp payment o[ principa! tmd . iu(erest tequired hrre- . . .
<br /> � .under sn ,�mount estimnted hy. Ihi \tortg��ge.e to b�• suRicient f�> enablc � the. Morf;;agce � io puy, us it tx•rumes due, the insurancc � - �
<br /> , �i . .�. . � �,ei�iiium� on r.ny insursrce r;tiep -d��iri.recl � to tt�e �tt��rtgag��a. :;ny defi;ir�t� beca�tse c,t thr- � in,uiL-cierey oC riurl� adJitinnai� � p.+y- . . .
<br /> . . �. tnenlss s}�all Fx f�irihwilh deponiiird 6y the i�9ortgu�m� wilh thu b�tort�agee upon d�•mand by ihe Alnrign�;ca � Any de(aul 't wider this . . � . . . . .
<br /> � { �. �:� paragrnph sha11 tx� dremeJ a dn[ault �in thu . p�ymeM oi insurance pmmiums.- I ! �he policp nr policies dep�nited are xuch �se hame• . -
<br /> + . ;� " � owner� . or ult �rixk policies, nnd Ihe � depusiLc are insuflicirnt to pny the enlire premium, lhe Aiurtgugre may Qppic. th�� deposil - tu . - .
<br /> . S� � .. .p:�y��prr�miart�x on . ri5ka cequircd .to Ue insured 6y ihis. nmrtRa�e: � . . . . .
<br /> ".� �, . � � � Ya�ymenLs. made� hy the �hiurlgagor undcr the above pt�ra�r:iphs mny, at thr optiun o(. the �tvrt�;ugee, - bc h�•Id by. it and: . . . .
<br /> L 4. � �. � commingled �rith -other such IuncLti or itv o�vn � fimds fur the puyment of vuch ifems, nud until so a��plied. such payrni•ntx e�rr. h��reby � � . .
<br /> . i �.- � pleciged . nx securils� for � ihe unpuid bnlnnee oC . the mnrtga„e. indebtednvss. . . . � . ; _ � . .
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<br /> i ��� - � � � . � 1`o prucure. � deliver to:. anrl mninlain for the iu�iiefit nf the hiurlgugee during the liic oi (his mortgnKe original pulicios und �- . . . .. . �
<br /> '. . f � � renew:ilx thereo[, delicered nL leasf len diiys txrfure the rzpiration of m�y such {x�licies, inauring � n;:ainst fire �tind. other insural�le .. � � � . � �
<br /> i{ -� � }��yards, cawunlUes, nnd contingencii�s Hs tlu: Atorlga�ee mny require, in au «mount. eyual to the , inde6tnJness acrured Uy this � � � - .
<br /> ! � �. � � �lortgege: and in rnmpanies ucceplable to the \luttgxgee. with lox+. pnyubie clanue in (avor oi and dn form ncceptable �to the. Atnrlgn� . . . .
<br /> ' ± � �. . gce. In . thc eeent ntiY pulicy is noL re.new�Yl on nr tmfore � ten days of its rxpirt�lion, the Alort�;agee �may prncure insurnncc o�� the � . � . � � , �
<br /> , . . �- � impmvrments. � priy� the premium thcrefor, und xuch sum shaU bec:�me invnedialcly due und payF�late with intcrest ut . the � rate ;ef ' � . . .
<br /> ' j �� � turth in �id m�te �until� p:�id und shnil �• secured by this rnorlt;nKe. 6'ailum un the pnri uf thi� Dlnrlgagor to [utnish such. renewale � . � -
<br /> as nre herein rcyuired or [i�ilun+ to pay uny SOittR IIfICLl1Ca`<I I1Pfl•URtIBf shnli. at the option o( t6e hfort�;ng�K+: cnn.tilul� n d��6mlt - � : . � � . .
<br /> � � �undcr the termc af this mortgnge. 'I'hrdelivery' nf such poliri<•s sh�ll, in lhe event o[ drL•ndt: runsHtWe an nssi�:nment o(� the um . : . � . . . .
<br /> "s eameyi prrmium.
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<br /> �� � � - � Any �sums. receivi�d 6p lhe f�turtKaF�'e h)' rrason ot lov+ or dnmage insured � u�ainst muy � txe rctained hy - the \fort�agee � �
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<br /> :i . . ❑nd a��plictil LON'fiffl �Il(' paymenl �f Uic d�-6t hcreby securcd. or, at ihc np[inn nt the hlortgagee. such sums either whnlly ur in �, � , � ; � . .
<br /> ;;: t . purt mny� br paid orer to tfie . Alurt�agor to Ix aseei t�� mpair such huildings ur to 6uild new buiidin�a in ll�cir place or tur any � . .
<br /> �; t . other purpnse ur objcc[ s:rtis(uclon• f.o ihe lfortgn�;ee withnut atiecting fhe lien on the mortRnge (or the full amnunl secured hvr�- . . . . .
<br /> + � by hefure tiuch p:�ym�•nt ���er t�ak : pince. � � � . . . . � � �
<br /> . �. � To prumpt.ly repair. restore or rebuild any 6uildin�;s nr improcem�uts nuw� or herenflur nn the premiaes which mny be� .
<br /> � § mme dnm++ticd or deatmyiKl: to L.eep said premises in g«�d conditiun �md mPHir and frrc• Gom any mechanic'r lien or other lien or � - � � � � .
<br /> ' � � clairn of lirti not exptrssty sulx�rdin�ted lo Ihe lie�i iie.rrof, nni to sulir-r ur pc�rmit nny unlawtul usv o[ or :tny nuisunm to exisl on . . � � �
<br /> ` �i snid property nor to prrmit �+aLste on said premiees, nur to dn any other act wherviq� th�� prnperty hereby cono�eyrd whnll Ix�comr � � . � � � .
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<br /> �.4: i Iin:K valuuble, nor tu diminish or imp.iir iLc vtdue bY any art or omis�ion to ;+ct ; to enmply with nll rvquiremrnts of Iaw i�•ith n��h�ct . -
<br /> � �� i � to the mort�aged premises nnd the u;e thereoL . � � �
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<br /> ` �. -�. t � . - 7'hnt slwuld the premiecs or nny part thereof tx< faken ur damaged liv rcason of anv public impro�•ament ur tnndemnution � .
<br /> �� -� � proceeding.. or imder the rig6l of eminent domain. or in t�ny other munner. the Dtortg.�gee s6a1! (k• entiQed tn s�ll cumpensntiuns. . .
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<br /> -' � nwnrds, nnd tiny other. pnymeitt or relie[ (herrfor, :�nd vhnll be entitied, at its optinn, to commence, apprur in nnd prvstt-utc in ita � � � � �
<br /> ' � � � own nsime nny .t�ction or pnxeedinp, or tn make any re�mpromise or seulement in cunnectinn ��•ilh wch takint; or di3muge. All surh � �
<br /> compeneatiou. awarcis, dmm�qes, ri�:ht of action and prceei�ls are horeby a.,si�;ned �u thi� �Sortga�e��. who mny, afier deductinR
<br /> �.�� � Iheteimm all ils exixnxs, rrleane any mnncya su ntieived by it ur aPply the s:�me on any indebl�•dnesa srcntetl hereby. 'I'he \inrL �
<br /> �: �, i � . Kng�r. ngreas to execule Such [urfher n.ssignments o( any ttmi�x�nsotion. ruvnrds, dnm,i�;rs, anJ ri;:hts of aclinn nnd pre�ccedy :i� the . .
<br /> ;` �; rtortgage<� may require. . � � � ��
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<br /> - "' ' Ttiat in cvse of fa�lure tu pertorm any uf the iY�venants Lcrein, the \lortt;agi•c moy du nn Nin 11orlKnKur's b��hnlf evcrything � - �
<br /> ..�... � � . ,o covennnted: t}mt t.he Aiortgngce mny niso do uny act it mny deem nrcec�u�ry tn prot��ce the Ii�•n thomnf: ihat th�• hlorrgagor ���ill � .
<br /> -.� t- ��ppy upon demand nny � innneys paid or disburEcd by thc blorlFagrc fur riny u[ thc nbovr P�irp�n��s. :md <uch mun��ys tn;;ethcr with � .
<br /> '! intenwt 1}�ereon ut the rt�la providr[t in stiid note shall Ix�cume .;o much additionul indebl��lnese hrrel�y tircured ❑nd mny Ix� in- .
<br /> - t � elude[i in any .clecm . toreclusing lhiq mnctguKu and be puid �ut u( the renix or proa�eds o( sale o( snid prnmises if not olherwise � � . .
<br /> ` � pnid: Lhnt . it sh:ill not tu �obligntory upon the binrtga�ee to inquire intn lhe colidity n( anp lien. encumbrances. or clnim in nd- .
<br /> � �.� .. � . vuncinb moneys as nbovrnulhorized. hut noihin�; hemin cuntnined shtill tx• construcd as requirinF lhe �turlg�gec. fn xdvnnce nny .
<br /> � moneys (nr nm xuch irurP�se nor to do� nny ncl hereimder, nnd that Mnrl��igee �haill not incl�r am� pennnnt li�bilily hecaus�� o( nny- � �
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<br /> . thing it may do nr omit to do herrundea �
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<br /> � In lho uvent uf the Jefault by MortgnKur in ihe pnymcmt of cmy instnllment, ns rcyuired hy thr Nuti• s�Yvred horeby, or � �
<br /> " �� � in tLe pedormnnm o( the obligation . in this morlgaKr or in the nuti�. necurrd themb}•, the illorlgagee sha11 be enlitl��l tn declare ihe
<br /> ; debt :iecured hemby due �and paynble without notice, and the \lurtgaget shtill be rntill�l nt its option. withwt notice, cither by ifscif
<br /> � or by� a receiver.to im .iippuiutecl by the court themrf, rmd without rvg;trd to the ndequacy u( any security (or lh�� �nde6tedneas se- ,.��� fr��
<br /> curecl hereby, to entei upon and take possession ot the murty;aged premiaes, and to cv�llect and tr��ei��r the renCs, ist,uea nnd profils �
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<br /> � ' - thererol, and apply lhe same, less cuxly u( o�xrnlion and cx�ll��tian. u�wn thr indrbterinecs svcumd by this mnrtt,n+�e: s:iid rcnts, " N -
<br /> � isautw and �iroLGt lNring hercby zssi�;ned to the 'vlortFnpee ne (urther xecurity for the pnymrnt uf ali indehtednevv w���ureNl herehy. , - � �'
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<br /> . - �'Ctie� MortqaRee shall hnve the power to nppnint nny agent or agenls it nmy dvsire for the purpose of repairin�; s�icl prorm � � '�l' .
<br /> �. ises; trnting the same: � mlleeGng the� rents, revennes and inenme, nnd it mav �?a�• out. of smd income all ex �x•n,�•s incvrrecl in r�nb . r(�`
<br /> % ing nncl mannqing the snme amd ot collecting the rentnis therofrom. 'Tho 6nlnnce rem:umn�:, d sny, shnll br :y�plied to:wud the �h .
<br /> `• � � �discherge' of . the modgnge �. indebtrdness. This ii�signment iy to terminate :�nd I�rnme null :md �•nid upon relrnw �d this mnrt�;nge. � � ..
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