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<br /> �"� or � amour� ts of :i.n �urance required ancl approv��i by the bi� rtgagee�,� � s � ' � � ,
<br /> �" the Z�Iortgagor wi11 assign and deliver to the klt�rtgagee all pcalicies � 4�" ' � � �g �'
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<br /> „�^K af insurance which �,nsur� against any 3oss or damage to th� �-1ort- f� ` ��t '. � W,
<br /> '`'"" ac ecl Premises , as Collateral and further , �curit tor t.he a ment " + <
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<br /> -�� of the indebte@ness secured by this „ hlnrtgag� , u�ith loss pa�abl� to " r "� ` " ' ' `� '
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<br /> the hiortqag4e pursu� nt tQ the C7}: It:homa stanc.�' ard mortqag �� clause . �r r � + � �,:� r7 ' ;�
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<br /> � If the ��ortq� gee , b� reason ot suckt irisuranc� , received any money ' ` { � � '£��
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<br /> �` for loss or dama�e ,, such �mour_t cnay , at the c�ption of � Yi� Mortya- 4 ` ' ` ; 4 ��, �a�* �'"^:
<br /> gee , be r� ta *ned ancl applied by ti-�e Mortgay��: : to�•yard parmer.:t af �` � , `+ ' " �"� '
<br /> tYie ind��-� edness ner'eby secured , mr be paid over xvholi ,a or ir� part " ' ;' ; , � � t � ', ' hw�`
<br /> � ta tt�e N�ortyagor far the repair o � said }�ui3c� ings or fo �- the : ` y ' r � `� b`'
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<br /> , ereetio� of net�r bui �� ings in their place , or for any ot3�ar pnrpose � ; ,r � k, t 'r ;„ �
<br /> s� ox o3� j �ct satisfac � or1 to the t�iartgagea , but the Pdartgagee sha11 � , ,,` ' l , ,i , � k, rv ,e.
<br /> ,� not ' be o �3igated to se � to ti-ie prcrper application o £ any a�rcount Y 4 , � $Yr , ' r;
<br /> �aid ov? r to � �tne rIortgagor �. r:ot �? ess � than tc-�n � ( 10 ) � c3ays prior to � ' 1 : , , ' '� ' ig' �"' �'t
<br /> n 't �'lE�� .� e.X 1. Y�t1Qri : C3clteS � Uf each 011C � Ot .1riSUY'Z1:. 11CG � �' 2 U7. reCZ � 7Y.El'�.E.' LtriC�E�S' . � » `�;.- ,� �rt "� � ' �' + ` �*��'
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<br /> w ; �i�e Nlortgagor E•:i11 celi.ver to the ^iortgagee a rene.�al palicy or ,,, , � ,��
<br /> policies �` of insux�*�ce accampanied � � by e=zidenc � �of� � prentiuri payzaent � � � "�� � � � `� � �`K' ,' , ` r� ,?
<br /> satisfactory to the Alortgagee . Ixf the event of a �orec �osure of ' � r j ; ; a;
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<br /> ,`., this T•icsrtgage , the purchaser os" ti-� e A�ortgage� Premises sha21 � , `� ` ' � � `� " 2 Ff �
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<br /> a succeed -to all the rights of the ��_o-rtgac} or , inciuding ; ar�y right to � Fr ,`„ ' , '' � K �`x '��''>`
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<br /> � ' unearned premiums , in and to all po3icies o � insurance �ssigned or S�" " , ° , ` � : r � �
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<br /> � delivere� ta ttie f•iortgagee pursuar_ t to tlzz pravisions o � this ' : � � , ; , � � ' r ++','
<br /> re�-, Mortgage : � £ � � � .
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<br /> '�' 4 . Alt�ration� . ��o b�aildir_g or o ':- her propesty noT1i or hereafter r s . ' .� ` , y� '+ :� " �
<br /> ��'� subject -to the lien of this T�ortgaqe s ?-xall be removed , � emalished
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<br /> �' blort a eQ e,rce t t �zt che L•lort aaor sYLall ha:�e the ri Y�t withaut '� ` + ` � �^ � �;"��"
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<br /> ' .. . SllC�1 .. � COZ2SE'Sl '"i. .� . ..t.O . Y' 2Zi�OV@ dP_C3 G� 15pOS2 .. 0i � fY'C' L . . frOIR. �. t�1E' . � �. iE�ZI . .Of � t111S �. � ,,: i < � �. ss� si
<br /> � Mortgage , such Col3ateral as frort time to time may becor:ae warn or � � `;�- " ' . < " r `` �+� ��' :
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<br /> obsolete , ' �rovided that either : ( a ) simulta�-i �ousiy witY� or X�riar u � ,.,� � , ' ,.. ;
<br /> j to sucYi senoval , any- such Collatera3. shall be replaced w= ith 'other � , �> >^ . , , s ,"' :
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<br /> Collateral of a va � ue rat l �ast equa � : to tnat c�f the xepZaced , �.L' ; � ^ � 7 %� ° ' �s
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<br /> Col3ater .al and. £ree from any titla retention device , , sec.urzty � , ,,,:
<br /> agreement or other �ncumbrance , ar_�l by such r �moval or replacement , � ' . � � '' ' , � E �G, ""�� ;
<br /> the Mort�agor sha13 be deemed to �-,. ave subject�d such CoZlateral to ' ' � , ,,�"+�� �`�rr
<br /> the` lien of this Martgage ; or tb ) any net cas� proceeds received " ' , :'�"' �
<br /> from suc� dispositicn shall be paid aver prarn�tly to th� Mostgagee ` " � , � � ° ` ' '
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<br /> to be ap�lied to t�-i� last install�*z�nts due on the indebtedness ' A � , '. � ' � ," r� �,.,;
<br /> hereby ; s �:cured , witY_out any charg � for prepav�nent: A � ; '� � , :, ' '°
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<br />� 5 . Def�u1-� ; Remedies . Upon the iaiZure of -�he a�,ortgagor ta pay � 1` � , " f < `
<br /> � � 3ri�J��. . OT. 't=12 �d }:e5 � . 3S5@SSIi12T1�S �� � C18D 'tS � . . Z7. 2315� � 0 �� O'th�� .CY'i.�. TCJE' S �. :c3S �� � ' '
<br />�`' the same become due and ' payable , os to insure the Nlort�a ged Prem- , ;
<br /> ises or: delicsr the policies af ir� surance as �ernin provided , ar
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<br />� : tc� perfa �m arry of _ th2 Mortgagor ' s covenanzs and agr � ements herein , � ` , ,
<br />�t the 2,iortgagee is hereby auth�rized , at i �s op�ion , ta insur � the •
<br />�„ Mortgag�d PYemises , ar any part t � ereof , and aay the costs of such � '
<br />�r insuranc� , and to pay such taxes , assessments , deb� s , ' liens or y �
<br /> ` other charges herein described , or � ny part thereof , and to remedy � � '
<br />��i the Mortgagor ' s failure to perform hereunder and pay the costs � � �:�i
<br />?�� associatnd there�vi-th , , and the idortgagor hereb� agrees to re �und on ; �
<br />�� �µ demand a31 su�i or su.�'ns so paid , with interes -t thereon � t a rate �
<br /> equal to f ive percent ( S � } � er ann�,�m in excess of the in terest �
<br />"�` . rate sta-�ed ` in the i�? ote ; and �ny s �ach suni or sums so pai3 together ' ` '�
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<br />��, �rith interest thereon shall }�ecom� a part of �he ir.debte�lness -.
<br />{�w7.� . . . i: C.'"CtiJ�.' .5 £�'C � � .- G, r� � i i O'.'..2C.�. C.."�.. � �1`J.'JC�Ir' Ci`. � �:F �-'..t. i��':C . i t= tCT3 � iv^I1 . Ci .��. �1 �.'i1 . . c �.
<br />�''� hereuncie=- £or~an � sixm � o � id sha� 1 iiGt b2 a c-raiver of subro �: tion
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<br /> or subst�.tution whic3i the Mortgage � migh � ot ?z �r�r�ise have . ?n the
<br /> ` evei�t of the � ailure of the Mortgagor to pay �ny of the tar,es , �,
<br /> assessine�ats , debts , liens or ot�ier charges herein d�scri 's�ed as the ' „�,_ � ;;� ,.
<br />;� �. sarne become due anc: �ayable or ta �ceep t.ze h2o*- tgage� Pr��nises r ; " r ` '
<br /> insured 3.n the mannes anci time here�in provided , c� r the failur � to '`" � `"�` "
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<br /> .and S �cur .i t- •; Ac� � ,e>men t_ tsi :.
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