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<br /> ' .' MORTGAGORS 'MAY MAKE 'PREPAYMEPIFS: i0F PRfNCIpAC: ON ANY 1NSTALLMENT DUE pA7E. SUCH PREPAYM£N7 SNAt� BE
<br /> "; j APPUEQ TO INSTALLMEiVTS tAS7?O BECflME D1TE UNDER THIS MpRTGAGE_ PROV/DED THE UNDERSIGNED ARE MOT 1N DEFAULT
<br /> AN!? ARE THEN THE OWN�RS OF THE. h4QRTGAGED PROPEEt'CY, UPON RE¢UEST OF 'THE UNDERSIGNED, OR EtTt/£R OF 'THEM,
<br /> � pAYEE`AGREES TQ FtfRN�SH TO :THE FJNDERSIGf+tEA '100%' :OF SilCH `;'PRIN�GIPAL PREF/1YMENTS, tjNLESS ADYANCEIIAENT !S ' PRO• ' `
<br /> , � .,�= HIBlTED 81t' THE REGtt�ATtON3 ':OF- CHARFERING:A1Nd SUiPERVJSORY AUT#10RtT1ES 7HEM 1N EEFECT. ALL StJCH A£SVANCENlENTS >; .
<br /> , � }` SHAL� BE SEC1lRED B�:�TNiSitYNDR7K�7A6E 'iN' THE SAME MANhER AiVD' £PFEC7 AS 1F NO AREPAYNF£NTS "HAD BEEf+I 'MADE
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<br /> THE ��MORTGA�GOR FIIKTFIER "CQVENAIrITS AND AGf�.EES; �
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<br /> ; T'hst:;`[he Mortgagoi .+vi11 y>t�y #he �indebfe�3nees as hereinl�efn�e provided. � .
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<br /> � �+ " � ' ' That����. the Moit�agnr is �: the owner of sai�i property in fee simpI� and has €Q� right ��and lawful authority t.o sel! antl ' '� ' '� „ .'-` ,��
<br /> '�? cnSrauBy Ghe .samu and. thai the samc+ is free end ctt>ar of any,��lica or . encvmExrance; and �that MortGagac will���,-warrant��and defe.nd the
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<br /> i� �; k�t��� to aai�' ,Premises '.a�airutt }3�e dsrmms�. a£, atl ,�i,gTsans whacnst�evee� � :
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<br /> E . ."' �i , 1`a �Ps.y ixuizteclsafely. when due and .pxyabl+� all generat ta�ces. speciel taxe.s, apec:iel asses�i;�en,ts, water charges. sewer'serv- � " : ��.
<br /> ` 1 ice charges, and other tnxes ar+d 'charges sgaiust �snid pmpertY, and ull laxes levieci on t}to debt aecured hereby, antt tp ,furnish 4he
<br /> L,, r . Mixrkga,gre� ,� upori reqpest, with :the origi.ztal or duplicate �ceipts tharefcar. The Mortgagor agrees Chat :there sha3i be adtl.ed ta
<br /> , ' ;r eac33 monthlY';; p�Yxnent required hereune3ex ar undez the evid'euce of debt secnred her�by an amount eaumateci by the Mort{�agee
<br /> y z to � ;suHici�nE tv �er+able the Nlnrt$a�,ee��. to pay, a.v they liecome due, ali tazes, assessments, and eimilan: chnrges .unon the :.prem- ..
<br /> � �{ a�s .subject theieiu; any cleficiencY beceuge of Lha ��ir�sufiieiency vf such ac3ditional paym�nts skiald be forthwith rtepoeited 6y the �
<br /> ` � `� . Tvi"oitgsgor "with" lhe �1Si>rtgagee�; upon demand b�� �. the Mort�agee. Aay �le[ault undc r -this peragraph shatl be dhemed a deCault in
<br /> r � E�ayment of tax�u, x�sevsmenfs, pr similax charges �� mquired.� hereundE+r. � � . . �.� � . . . �� � . � �
<br /> t . , `�' TI�e . Mort�a.�or a�zees -��that there vhall .nlsa be added -to �e>Fxch monf}ily payment ot principal and intere.�:t- reyu�rr�i here• � � ': ,� � � '�
<br /> ` '� � '+ � under an amount e�timated rlxy the � Murtgngee to� Fx: �sufficient ti� enable - the� Mortgagee to � p�y,� as it . � 5eccrmes due, the ��: ir�urance � � � �� �
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<br /> � � ' ` premium an�any insurunce ,�policy deHvered tp' t7ie Fv7:ort�;agee. �.�Any � dcFfciency � becaua;e�� of the . insutficie�cy of such � additional . pay- . ' ��
<br /> 3`� ` ments shall be forttiwith de �osidec! b � 1;}�t� Mort � oi wit}i the� Mort� a�ee. u �ori c3em d by�� the i�fort � a ee. Arey default �urfiler fFxi.s �� �
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<br /> � - ' pazagraph shall be der,mecl � �a � defnult�� in. the piiyment ��f insurarsce p��miun�,s. �If. t}�e Fw.licy� �or �polici�s�. �leposite� are � such�.as:�home- � � � ��
<br /> ` �` ; ownors or a21'�rrisk policies, �and ��� the��clepositc+ ���are5nsutGcient ka -pay . the entire Exremium, �the � Mnrtgagee ��may. aFip3y� ��. the �de��asit to � .. .
<br /> � � ' pay..��pxemiums an risks;requdred�:to �}+e ini>ured �by� this mortga�e:�� � . . . . . . . . . . . � � . . � .
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<br /> ; t Pavments macle by the� �Mortga�or under � ihe abt�vc: peraAraphs may. at the � option �rF the M�rt�;a�;ee, � he� held �.by ia and �� , "' " ;�
<br /> , �4� eommingaed aith other.�sueh funds or :its . own�� fnnds foc the pt�yment �af ssac:h. items,��:and until so anplie�i., such riayme�nta nre heretry . .
<br /> r " p1,ec3�eK1 as ser,urity for the unpsid balance of the: murt�age indebtednese.. � � � . � � � � � � � �
<br /> , � � � 'Tu 7zrocure, de)iver to. ��t�nd maintain for the ksenefit of ��the. h4urt�sgee dvring .thP life of Yhis ma=-trzge ozigfnai p+alir.ies antl �
<br /> , ! + renervmis thereof, delivered at least ten .�days��. before the �expirr�tion of any such palicies: insuring against � f�re anc#� � e�ther insurahle
<br /> ", � hazards, cas�ua(Ges, anrl contin�encies as:� .the. � Mortgagee: may require, in . �an � .amount�. :equal �.. to the indebte�3ness � � secvred . by this �
<br /> �', � Mortgagcc, snd in com�anies acceptable -to the� MortRa�ee,: with loss payabie.claus.e in fa��or of anci in form. acce��f.ab}e� :to Lhe Adnrtga- �
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<br /> gt*e_. �. In the event any .pplicy is �not renewed ' on or before. �ten days � of its expiration; . the Mor#�agee may procure�. insurance .on the
<br /> -� y imgrcrvetnents,. pay the��premium therefor. and � such sum shall becvme� �inunediately dun and payuble �wiih int.c+resC at the rate set
<br /> �' � � � �� fcrrth in seid� note vJrtit paid and� shal! i� se�cured � by �.this � mortgaF�e. �h'ailure��on the part cif the Mortgagor to furnish �huch tenew�ls �.
<br /> '. � as are herein:7equired-�r failure. Eo pay. any:�.sums �advanced hereunder shall, at: the option of the Mortgagee, � cunstitute u�� clefault .
<br /> � ande� the tezmg of this� mortRage. The �rl.elivery � of such. palicies shall, � .in the . event � of � defaulk, constitute� an assignment nC� the un- .
<br /> , � ' '� earned premium.
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<br /> ' � ' Q Any-xiums received by�� �the �� MorigaRee by �� reason. oE loss or damage i�suced .against ma,y be retained. iry the . M�rt�agee> � �
<br /> � � ' " and�;applied- �toward � the payment of � �the tiebt : herehy � secured, . or, ut the option of t,he Mortgagee,. such � sams eitk�er wholly �r�r in . i ' � � �
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<br /> . � part�'may be �paid over'�: to Lhe�;�Morf�agor��. tn be i=serl ln . repair such . buildings��.:or to buiid new �. buiSdi,ngs in their 771ace or far any �� �
<br /> '` � �Lheq purpose. �r object satisfactory to �� the Mortga�ee without aA'eeting the Sien on the �mortgage [or tbe� fu31 am�unteu.cure¢�� herP- � �
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<br /> � hy . brfure such. 'payment �ver tcwk piace. � � � . . � � � . .
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<br /> ` " :�� - To �pxomptiy�rr•yuir, � reafore c>r rebuild: any buildings or improvempnts now� ar hereafter nn the premises whrch mu,y kx�� � � � .
<br /> " ' � come damu�ed or destroye:d ; to �. keep said premises in ��wd � c�ndition. and�� sepair and Free from any � mechanic's•� lien �r other�.lien or '
<br /> � � clairn vf iien �not expressly suborrlinated�. tt� Lhe lien hereof; . not, t� suRer or permi[ any. unlawtu! � use nt �ar any aiuisanre to exist on �
<br /> � � , , said -property"nor to permit ��w�aste on; . said premises, nor to dii , any other ��acC wherehy �� the properry � hereby en.nveyed. shalf � 3�es:�me �. � .
<br /> � � !�� va�.ble, �nor t�+ :dimacei�h or :im�air i#s. .^alue .lsy �any a<-f :;r�<,mission to set: .tu cc;mply with ali reyuiremrr�t:; ut� law� w�t:: r;sp�.*. .�
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<br /> }`,. : � to the moxtgaged premises and ��the use� thereaf. . . . � , � . . . . . ... � � . .
<br /> r�: i That ��Rhould 'i:he prnmises or any�p�rt` thereof be � taken oz� ��:dxmaged�by �eason � of any� �publsc�. imprnvernent ar condemnalion. �� �
<br /> r Proeeeding, or; under� the ri�h£ �of emineni dwnain,:�or in�:any o�her manner;� the ATartgageo shal� b� rntit)ecl ;-to a.11 cona�ye�vtati�xuc,� � �
<br /> � A �wsrds, s�ui� �any ather:payrz.ent. or relief ��theretc�r,. andshal! be� entitled,�� at its option, tu comm.enee, appear in . and prc�serute ��� in its�� . �
<br /> ;� j owm. 'neme any actioa �...pr prqcee�ling, or to ma&e,��.any �.com�romise .or e�ettiement in .cqnnec4ion with sur.h txking �ordnrnaRe. 411 such � � � �
<br /> t : cumpcn:aation,�. awert�s.'�.d�mages. �� right nt . ��r�etiun and proc;e+eds are hereby userigned to ihe �Mort�ageK, whv . may, atter dertucking �
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<br /> , ' s therefrpm aII its exEaenser, mlwase any moneys so � receiveci bp it qr .apply the samc- on any indebtedness seeuretl her��by. The :41r�rb � � �
<br /> ; gagot -agreea 1a exeeaite such funther ax.si�nments of any compens:ttiun, awards, d�mage.�, and ri�;htes ot act.ic�n and � nr��cerd5� as the �
<br />� i Moitgagee may require. ' .:. . ' ... . . � . .. . � . .�. . . .. .. .. .
<br /> ' } "'k�! ���� �axe oE: failure .to rform �an nf the covcna.nts herein, tha z+.i �* - ' - ;-,�-. ;( �•-- � �
<br /> i. . � Y �'- -n^+��L i v av »ii iral. :viuii�agvI�a cFj.au..g .
<br /> �" � so oavensntez3; that hhe Martgageemay aisa do any art it may deem necf�sary Ln proteet the lien iher�f: zhak thc R4ortg�or w?il
<br /> ° � repay upan. :demsnd an.Y maneys paid or'.: disbuxsed. hy � tlyc 114ortgagee:.fqr any of £he abave purpc�s�, an<7. such monevs toget.her wit3i. . �
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<br /> , ; int�rost Lhereon et the rate ��nrvid� i:i .�.xiid r�:,tz�. s'h41: ".'�n.�.^.;c.� so -u L s.dd....o � ; ...,::zbteciness � hereby secored � ancl may ta¢ in-.
<br /> ;� ,� c2uded ia sny,.�decree forecicasing ��this mqrtgage and l�e paid ouL of the rnnt.4 or pruceeds of rale oS .said premir,es.� if not �cai.herwisc�
<br /> paid; that it s6alt not �� be obligaYory u�wn� the tVlartgagee to�.�inqvire: �inYo the �validity�� of anv tien, � encumtranees, crr �laim� in a&� �
<br />� ' � van¢iag maneys as akwve au.tMorized, bnt: . . nothing � hereiij cont,�iined� shaii kse�� wnstrved as. re-yuiring lhe Mortgagee to s�dvanau any � �
<br /> R , .. . , .. �. .r��zziys ivr:,aay asacsi ..piirAase nsss fo da anY aGt here.uncler; :in.d.that Mortfiagee �hail . n«t inr�ur an}� ;xrx���w.i: Ii.auiliiY� �x+c,au.s4e of �an���- . � . . . . .
<br />�'� .• • f � �� tlain� itmav'�dn��or� omitrto� rfnhezeunc3ec �� � � � � � � � . � . " .
<br />�i . � . � �.� in Yhe avent �of. Lhe defauiL by �Mortgug�or�.in thr payment � af eny 3nstaitm�nt.. ay re�iuir�-d �by the Nate secured � hezeby. �nr � .
<br /> a ". � h i�x� �. ihe periorjnruack of �-thr. oi�xli8$�ion in �:this martp,age or i� �:the natc+-.ecacured th�r�+bY, .:the: 141artga�ee:.sliall t�e entitle,d � to deciam �the . . .. . - �
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<br />� `+�" q d�e6rL,.seeut�ed herebY dve anrl paya6l��e� wi�Fiout noti..xr. ane3 the. M�rLgageca shaltr.ix entit:}e<i at its �uption. withaut nc�tioe. either by itse.l#� � � �� y ...,r , �.
<br /> � �tr.i by a tp.taei+vsiq tu b� appui.z�ted� by tl�e c�tiurt-thex'�esf. ai�d �withou t regard €u tlr� t�de.yuacy uf xnY t�t�curity S.rr Chn in<lc+l�fe.<)nese se- . o. �� .tx , :
<br />�r� � '� �` 'ev`retl hexebj^. '�tn enter �n}�wn a:nd. take r�wession of the mortgaged �premi:�a, and to� rnilrct nnd nceive� the ren1�, �iezsaes nnd profits �
<br /> k" j � #laereof and apply the sdm�, lesa eosfa oi.. operation antl cx�llec•tiora. .upnn tthu . indebtednesx . secure.+c3 by f.his martgs�e; . said rents. � . � , � ' �,b � .
<br />�gx� � sexues ancl �sa6tn t9eia� hene�y ssaiqned Co ihe Murtgaqee an further r�ecurilv far�##ze {�svment�af all 'vndebte�lness wcuzer! hc:rc:k>y. �
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<br /> ',�� � " 'The- St�wi6,�asgee shell'have $he7x>v+er;k+'spFfoint any.aqeat or�:agenY� it �� mnY� desate for� Che ;�urD�e of re.pairing ��id Prem- � ,�: �r„
<br />� 3 an �atn3 ��a�8 8gtn��:gsaxna.leckip'�'�'' thtf t+erz*s. 're�eau�na �qd. iticome, and it rrsay. pap outo[ �aid inoKrme all ezpeivKex� incurari i�n re:nt- � ' � ? '
<br /> atces^ '
<br />�'� " . g , , - of cailectin� 2he-�� rentals� thkrrErdm. 7'he �'6alancv � mmazain�. � if any. � shaat be ».�r,ii3w7 t,nwgrc� th� . y-�.
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<br /> . � :diat�]�Y�u..d�!" 'i?iH �mostEtage inciefiLednee�:. .. This assiqxunent...iF � to it�rminate �anrl hvroxnE. nuti aud . vc�i+i uAxan r+•7�•x.e� .,f ihi,; �n+�rYt;ake. . . ,
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