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<br /> MORTt3AGO#t$ MAX NlAKE FREPAYMEtlTS OF PRlNCIPAi. ON AItiY " INSTALLMENT DU� QATE. SUCH PREPAYMEM7 SkALt BE
<br /> ': APPI,tEQ 7Q'INSTAt.LMENTS' tAST 7C! SECOh4E DUE:UMDER THIS MOR7G1M16E. PRQ111DED 7HE - UMdERS16NED ARE NOT !N DEFAULT
<br /> "' AN13' ARE THEN TH£ 4W6YERS OF 7HE MDRTGAflEp PRQPERTY. UPpN REQUEST OF--T+iE UNDERSIGNED, DR £17HER OF THEM,
<br /> pp;YEE`AQREES;d'�D' FURIQfSH' 1�J'i'ME 1�11!�PERSlQNED 108�/o` OF SUCN ` PRINCipAL PREPAVMENTS, UNLESS ADVANCEMENT A5 ' PRO•
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<br /> . }IlBtTED BY -TNE FEEGLaLATiQNS;.QF C}dA1itTEIdt1VCa AND SUPERYISORX 'AU7HQRITIES THEN IN EFFECT. ALL SUCH:ADYAI+ICEM�1^i7"S
<br /> SFfALL'B� SESOR�li:+BY.:TIilS kAQEt7GiAGE,i-iN TliE °3AME MANIdER XlJD' EFFECT'"A5' tF Nd PREPAYMEN'f5 HA� BEEN MADE.
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<br /> t ' , . 'l'f3E ' J�'ICIR�AGOR -FURTI�ER COVE1dIANTB i4ND AGREEfl:
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<br /> � ;�a� the� ,Mort�gKesr will }�ay Ehe iacFebkednexad�u� hereinf�fnre pzavzcled. .. �: .. .
<br /> Y � '; 'Z'}aaC t�ae -14IorEgagor is the awner nf waid �nra{�erCy i» fee �simple and l�as �o<ut xight �. � nrid IAwful nuthozjty to se11 u7u1
<br /> '' � cc�s�vey Y}te ;saral� ,and 115at, the su+me is Free azui clear of �ny;�.Iierr or encumbrancca; and t.hat Mort�aRor will. warranL ane3 d4ienr� fhe
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<br /> 3 , . tiSlt�� t4 said �pr�isey ;+aR�inr+t ;�,he- claims Df a1l 1�ersa,ns whoznsoever.
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<br /> � � � Tsr {�aY cm.cine�Jiate]y tvhen �du� �anyl �raYable a[l Sen�eral t�cs. sprcisl �iases. specia,l �.ysessinents, weter aharges. aewer serv-
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<br /> ` ace .�Fzarges,, #tnd ath�r ;La�es eqil ch,vrK� �&ainst said, propertY. and a11 taxe� levied om the debt �ecuxed hereby�, and to Surnirah tho
<br /> , � �yiort�ea, u�oXz ;r�qtitsf. wit}i��� kh� uriginal ar d..uplie�te rec.•c:iPte t}�arefur. Z'he Mortga�ot a�rees fhat :�:ther�e ahali be adde.d t�
<br /> • � eaclt - snonkh!}� ��sayment reryuire,il. hqreun�isr or uncier .the e+rid'ence of debt secured hereby an urcaount e�tamatcui by�: the MarF.gagee
<br /> � . to- }ie ,su�taient to rntibie t,[�e MartqaEee to pa.y,, as thev Eae4rome tfue, alI taxes, �seesmente. and similar aharges ppoa tk�e ��rem-
<br /> , � ises�� subject �th0reto; any defiei�nc:y k�eca�ise of th� insu�r.ie.acy of suc1� additional Paymenks �;hall be futthwi'kh deposited by thh
<br /> , , ,s ,iv2'oitgagor Lvith tho hiortgagee upon +�emsnd ;k�}^ the Mortgagee. -�t1ny riefault anclrr ��this p�.ragrnph shail b<t �cleeme�l a �etaul# in
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<br /> � paymeat a# taxr:u; ' a�.sessments;��� pr eimiiar chazges requirecl hereunder.
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<br /> , , ,:. '1'he�' Mortga�or a�ree� � lhat tkxere shall �:also be ad+ded ta e:ach manfhty �ayment <�f �irincinal and 'antereat� requieed liere�
<br /> ' , j �nc3er �tan amount estimated by��lhe 2vinrtga�ee to be sufTicicint to enalsSe � the �Mortgagee . t.o p�y. �as it k�ecnmes dve�, ihe insuranca
<br /> premium on���nny insuraace Frolic.v delivezed to lli.e� 1�4ortgag�e. Any� . cle6uency. irecaur;e �af thr. �-insufl9ciency � of s�uc}� �� additiunsl pay.
<br /> y ment; shull. �be far4htvi�tfi deiwsited b,y� the �Mortgagar wit,h the A�Sort�agee � ufion demagti by tk�e Mort�a�ee. Any defavit �ndec this
<br /> ' ' �aragraPh sha1F be <3eemec3 a � "ciefault in the taayn�ent of� �insurance� Preraiuma: If lhe�.� perlicy or palfcies rlNpostte<l . are such a:z . hwxie- .
<br /> 1' � '�� owners or aU risk policies, ax�d � the depusii.s are insuffecienk to pay � fhe� � c!.ntire �}rvmium, thv h4ortga€;ee iney apply the . depnsit tta �
<br /> t � i; paY Pee.zniums oa riska requzred to be : insured .hy. this� mortk;.age. . .� � . . � . . . . ... . � .,
<br /> � ��� Ps+yments rnad� by the Mor�agor ander. the abovc- parugraphs may; at the o7�t3on af � Yhe Morigagee, he �hetd by ��.it nnd �
<br /> E ' comm'sngle.ci. with other such funds or its own funcl+ ior t1��e� paym�iit: af such �it�ms, and until so appIied, such pa.vmenG�: are �� t�ere6y �.
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<br /> , ,, �" pleclged as .se��xrity :ioe the��. unpbid : lisiance � of .the mortfiage� indebtedness.. .�� . � . . . . . . . . ,. � �
<br /> i 'Po procuse: kleliver � to; r�ncl maintx�in. fnr : tfie beneftt �f Yhe. 14iort.gagee�� durinK� the� life �uf. thiy mortgage �ri�inal p�lticies and
<br /> s_ �, reriewalx thereoF, delivererl . ai...least ten: duys � he£ore the� ex�siration�.c>C any such. � po{icie�, i;isuring a�ainst f� re and��.okher . i.xvsurable .
<br /> ., -. liazacds, casualties, �arui cuntingencies as Yhe�. IvtortgaP,ee � may require, in �� an �� cimount equel� � to the , � indehtednaes � �secured �. tsy this
<br /> , ' Moitga,ge, atu! :in eompanies secaptabie �to the .. Mortgagee, with �loss. payable clause in fa�ur of snd, in focm aecrptahle iv the ;llortga- �
<br /> : gee�. Ia the ��event � snv paIicy :,-is not. renewed on� or befnre ten days of its exriraticrn, the RZortg�ee inay �procnre �insurance *�n the ��
<br /> „ fi, �� improvementx, pay.�the premium therelor, and . such sum� shall bea�me . iinrnedist�ely� �itue and Payable with interest. at khe - rate set
<br /> � ,� ' tnrlh in said� natc�.�. untii paid �aiu! shall - k>e ser.aired. by� t.his � rnortgaga.- Fallure on the ,�art nf the. 1�lortgagos� to furnish auch P+E*.OP.WtlIS
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<br /> . a � . as�� are herein.sequired. ar �failura t� pay� 'any sums advanc:ed hereunder vhall, at the� opi�.ion ot � tlze Mortgagve. canstitute .�a�� �defavlt �
<br /> � under the ..tertns of. this martgage. 'Phe d.elivery pf such pnlicies shall, � m 4he evenL �of deCau]t. � �constitut�� � an assignm�nt� of �. the un• . :
<br /> '�� earnecl Nremivai. � � � . . . � � � . . . . � � � . � . . � . � . .
<br /> ` �� �� t4ny sum.9 rrv:eivecl����by the : Mortgagew � by reae�nn . of I��ss or � damaqe i.nsumd . aga.inst may� kx� retained by� the MoTt�agee �� .
<br /> ,: ��� a.nd apptied��, toward ��the uayment �of t2ae debt�� hereby. � secased, : or, .at �the �o�tion c�f the l�4ortga.gec:, such eur.0 �either wholly or in �:
<br /> r, i ��. . . . part muy��. kse patid over Lu the :�Murt�;agor to �be used � to � mpxir such � buildings or �to�� bu'sid new�� ��buildings� : in .theii ;�lace nr for any � , � � ` ;
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<br /> � tikhcr purpose <�r � abjeat .ssat.isfac4ory . to � the � Murigagee u�ittnout af{�{in.s :ihe lien�on Che � mortga�e� foz llie full. ambmit secured hare-�� � .
<br /> hy:Ibelore such 'payment ever . twx>k place. � � . . � : . � . . . � .
<br /> ' i � 'Fo:.promptly�. repair,:� restore �or rebuild any � k>uilclings. or impn�ve�rlentk now ar hereaft�r .cin ttic ��rerni5es whic.h.�. may be- � -
<br /> ; �� � : � c�ame-.c3amagc'�l� .c�r. dustmyeci: ta� keep � said prernises in goad �a�ndiYion and renair ax�d free from �any . mechanic's lirn or oth�r lien or � � �
<br /> ciaim of lien nat expfeasly��� subc>rdinatierl. to Ghe�,lien .hereof; xao� tu suiTer ur �H:�nixit .any . u�ila�•ful � uae �uf ar uny nuieance �to �exist on .� .
<br /> , , ; � said prpperky nnr L4 .�P�'+TRTt�, �w+aste - on . sa�d.� premis�s: �nor tc� . do an,v � ott�ez�.:acw� whereby t.he praryerty hereby � rz.nveyes3 shaii�: becwme � . ` ��
<br /> 9e.we valuabie�, nor to �diminishbr im(�ai.r i.ts. value. by� any. ack c�r omitision t�Y � uct; . tc+ camply w�ith z�Yt reyuirnmentK of. law with xc�pect . . �. ,
<br /> ta:ihe xnortgaged premises- xnd Ehe use. thereof_ � . . .. . . � � . . . . . . . . . . .. . . � . � , . �
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<br /> �: , - . �. 'i�hat should:tF3e gsemi�es or �any part thereaf kre. traken .car��ciamagcKi bg r�asan uE any�� �riublic �im��rovemenfr�r�r r�n�lemnation �� � . �.
<br /> PrnceedCng,:nr under>the ri�ht ;of eminent r3omain. nr in any other. msnner, the Mortgagee eha[1 be enkitlerl ta� all c�m� nsetions,
<br /> . �� . awarclss,. �aad�:a.ay- other {�aymenk ur refief therefoc; and. shslt be entitled, �.at iis aption, t:o commence,-� i+p�ear in � and � prne�ucute tn iks � ��
<br /> own narne �:any actinn c>r i��e�ing, v.r Lu tnake.�. any: ct�mRrumise,or sekciemen3� in connc:artion with such inkin�� or da,mage: All such . . . .
<br /> J compensation, awae�dn. clamages. right : of ac}ion � and �. proceecis are � herfaby assigned � to tha� Mortga�c�e. � wha . maY.� ��t � deducting . .
<br /> � . .`� .��� . therefrnm �all it+a�axpc:nses. �;reiease sny��moneys� sc� � reaeivecl by it or ap}�ty- the �same . i�n ariy indebtedness securcd� hEreby. The Mort- � .� � ���,
<br /> � .�.�� .gagqr agrees tr� �e3cecwte suoh-°fvtther ���sasignrcarnks ot� any� .c�mpensataon�, awards, clr�mag�s, aeid . n�ht5 c,f� actian unci. prr�creds as the : . ,
<br /> � ._ : R'fi>rtgagpe anr�9 '�9uire. . . . � . . . . . . . . . . .
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<br /> " { �� � 'Fhst in ca.qe.aF Isilure to perfo�n any of� #he cuvenanis herein. the �E'4ort�agee�� may da �n the Mortgxgor's behalt e*�erulhing . .
<br /> ` ,go .covenatated; that the �ort:�a�ee may�� also do.any act .it .may deem nec�ca.ry to protecC !he lien �herc«c>f: that thr Mc�rtgxgor wilt� �
<br /> r .j �� � repaY a�mn �a3etu��d�: ati,Y � szss:neys peid �r dGaburs�d �by the I�4ortgr�er for xng� of lhe:. ubrwe purp.osex, and �such mvnrys toRether �with �
<br /> .; � .�� � - . �--intezeet tl�.etecsn at�.� the rate �-�pnavided�.in Ecaid nate shall hecome so..� m�cla �: add 'etio�iat� indebtc�ciness� }�ereby uecured � and nray . be in- � . . '
<br /> , ; . : :-. :c4udexl in��.�sny d�.crae.fpreecic�:sita}; this .mortgage. and be paid. out U[- tl�e rEni.S�.:ur . proceeds . of sr�Le of said V�'misrs..if iao! otl�erw(se �� � �
<br /> paid; #hat it 64�13 'not be s�bligatory u}wn the :Mortgagee �t�o inqu.ire� into the validity o[ any��. 1'sen. encumk:rauch;s;. nr clse.M� �s� x�1- �
<br /> � :� vanciseg moneys as abcrvu authvrixed, � but nothing fieresn cantamed � shai� 't�e ;c�ronstrue�i. as re,�uirin�; che rviuri�s+gee cu advarue any �� �
<br /> v: , ;: ..� � mcaney$ Ic+r�..any saelY�,:pur(at�,ve::nar tu �da��.. anY .act. hereunder: aiul, tlaa�t .Mortgagecs s±halt� not incvr �any i�emonallia�bility. twcause��c�f. any-� . . . . . .
<br /> i . ,: t3�ing it maY tln or�.umit t.� d<>�i��reundAr: .�: .. . . � . � . . . . . . . . . ..
<br /> z �"' In'thr cwe.rik�� <aF the����.detault. �irY �'-MrirtfiHgar �. in �.the � paymNnt af xny� i�i.¢isa.ilment, as rr.yair+:at � by. the Note xcc�umd herehy; or _ � �
<br /> �` in; Use peaEortn�nce .�i the ot>IiK�o� in,;this mottRa$r, .ar in�--: ihe nc�Le' `seeutetL ih�rek�Y. �tS.ae M<artp�agee sha31 br. . �ntiiteci tu dec:lare the .. . .
<br /> deht. secured.hercaby���lue and�.}jayable. withnat ncitice, end tlae Mt>rY�;aagee $lial�l.��:kre entiti�ed at its '�pti�+n, wethout� aotice, either by ibscIf : .
<br /> ' or: by''� xeeeiy�z°"`$ � '�`y ' 'ted hy the�.�eouri thereoC. arid.��+vilhout �ra�qard in..theadequacy .oC� ar�y u3curiiY F�r the inclebtc-�ine�s, �e- . . � »� �' •�
<br /> ° cuTed� heseby, to �enfe " ri�ttd tske P4�ses�ion; of t4c mvrkgageti t�semises, and io coll�ect and rcec�eive thP rentit. i;vxue s an� �rrrsGEs �, ;. "�'�;
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<br /> theneof [titti.. appty khe 5:uue, 1Fss custs �uf operatiorc and callecti�n. � v.p�n the Sndeblerinr�w sc•.etxrcd k�,y � 1hiv mort�age: �� eaid r�nts. � . �'^ .�.:.'� ,
<br /> r ' � �: inasues and ptaQits b�an��tieseis,y :.asslqnecE W the MnrtgaRee as further :ceeuriiy for 3.he pa.vment nf ai1 indcbtedneess �:uneci :hemby. .. . ." ;
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<br /> � ! t '� ', ' ' 1 . , '�"h�,frJ�cf�tgage� shaii.;#+eve k3se �ie7awar tn aI>Ihuiat ar=Y g6ent��.or a�ent;� it maY,� desire for the i�urp<asc uf reC�ai.cinf, ::aid pram- '� , ° .
<br /> T, r . �p� L�yi#�Yt�,tF�e. ,�irime: �colle:�tirtg..tIre' ��.nts.' revenu�g arzd -. :anevme:; .and �.it may rixy uut o! arud �incrome all exPenses incurred: in rent- . . . ; �' �
<br /> " � 3x1�;,' . ��, d,, �Rl;�a"gyptg th�: ;�me ;and ot c911e�Eitzg kkie rpntaLs�. there£nam. :I'he� t�atance rc•maimn�. �. if .anv .�chal! � tree' anistiec? toward �Lhe. . .: '��" "
<br /> .;, �. . ,.S;ie�na� ut (.i.ifi, miiri�te ius:taLtudac:ss.. Tki`sa, �.s-s:�".i.-r.e;.t .> tc. �:c�r.r..aa.c : ...d i�cc>c^z� . .,t? .:_..� �. ..; ,,;,.,n ••.e�,,..:.� „r rt,ir .=.,.,r*r��s�agw. �
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