|
�
<br /> � �
<br /> , , , _ , � � ,�,:,.� .
<br /> ��- o.c� �. s � 7 . �1
<br /> , THIS MORTGAGE IS Ai�SO 1'0 . 4E +AND C�NTINUE 70 " BE; FROM TIME TO TIME, SECUF2ITY i0R THE PhYMENT OF SUCH
<br /> ' � SUM Oit..SUMS AF MONEY AS THE MORTGAGEE Ma1' fRQM T! M[ :TO 7YME IN THE FUTURE AOVANCE TO THE MORTGAGOR, AND
<br /> j �V10EN¢ED BY A SUPPLEMENTAI ,NQTE OR NOTES,; UUT TFIE T07AL INDEHTE�NtSS SECUNEO SY THIS MORTGAGE SNAIL N0T
<br /> EXCEER ONENUNDR�D TWENTY ( 120) PER CENT OF THEAMOUNT NOW-0WING, EXCEPT FOR ANY ADVANCES THAT MAY 6E MAdE
<br /> , i TO . FROTECT THEr.SECURI7Y . IN ' ACCORpANCE WITN 7HEITERMS OF ' THIS MORTGAGE:
<br /> �# TIiE r30RTCiAGQR FURTFIER COVEIVANTS ANI) AGR�I:S:
<br /> '3 �
<br /> � . � . Thaf the.� Morigngnr.� ��•ill P+�y the indebtedneAs as�. heminbr(ore ���prwided. �. � . . . . - � . . . . . .
<br /> ,'i Thut thn A1o�l6aqor ia the owner . of said prupurty� in fec �imPln nnd 'tinx goal ri �;ht and lawFul authoritY t�� nr,ll emd
<br /> � ` cvnve�• 1ho same and that thr: Ri�me i� trei� utul clear af nny lion or encumbruna:: arid thnt r4ortgngor will µ urrnnt nnd di�fE�nd tho
<br /> ,y �` tiLle to`�,xtii3 �iremiAe& ngnipstitpo�� clqims of all �,: pereions ` rvhomsoevcr: . - . . . . . . . . _ . .
<br /> n
<br /> � Tu pay imnudiately :when due nnd pnynble+ nll genernl lnxes, s��ecinl ti�xes, xpecial . a�.seaxment�v. �� at�:r chnrFes, sewnr aem
<br /> � ice chnrgtx, :utd other fnses und CI7t1Cj�C9' :1Kti�il9t F.711(I fl[O�)CILV� and ull tuxeec Ievir�l on the �1chL sequred hr.reby , and lo furnish flae
<br /> Dlortgsgew, upon �e�ueat, with the . originnl x,r riuplicute receiuts thcrch�d 'Che A�fortgagor aFreex thut thirr. �hall :��e udcliid to
<br /> � � . eael� mankhly ��uymen: tequiretl licreunder ur under the eviclence c�f del�bsr.cured hereby nn um<iuut katimated by tho �4artkmqe�
<br /> y tn Ge • sufiicient tu eneble tha A3ortgaKee to pny, i��t they become �lue, ntl tuxes. ass�asmenk�, und simitur rl�uru�'� u�wn lho- prem •
<br /> ? ises vubjecltheretti; uny dr.ficiency hecuuse of tli� i�vsu[ficiency of ,ucli . i�dditionul ��avments sliall 6c fnrthnilh d��posifed !iy thF�
<br /> � ; Rlortg6got �tititli the Murlgagee u�ion demand bY the D4orfg:igee. Any deti�ult under Ihiy paraFrtnih shull he dcemed H �IeG�uR in
<br /> � �iayment nt � taxev�. . nssr..;sments. � � nc si�niti�r chi�rKt•s roquired hereunder. � � . . . . �
<br /> �; � . . . . . . � . . . � � M
<br /> 9
<br /> . } � . •Che � � M4rtgagor � egttes � Hlat. there . ahnU ulsu �bv nddad- lo enr.h mnnthlY . paymrnt � ot pruuipni »nd mtrre�t: mquirud hr. re-
<br /> : t under � an amount cstimated �. by. Ihe Aiorlgagec to 6e xWl'icient t �� cmnbte the. Atorl �;i�gce tu piry „ rt heconu. s � �iue, the� insurnner .
<br /> '' 1 � premium un any� insurnn�w policY delh•ered to the Atorti;agee. Any deficienc)' tx+enuse. ot ihr . insulficiency� �,f +uch additionnl �. p.q'-. .
<br /> - t � � � menLy �nhnU � be (orthwiQ� deposited- by the hfor�gogor with the At��rigngec upon d�•mnnd 6y the ltortgxgee. Any � defnult under lhi!s . .
<br /> ' t . . pamgraph slipll be deenmd � a default in lhe . pnyment o( . iusurunce � premiums. �. l ( lhe �x�licy or Pi�liucs deprniled am surJz as home� . ..
<br /> ��� - owners or. all riek pi�Lues. and the de�ioeils� nrn insuaicient to pny t.he entir�• prernium , the Morl4nJ;eF+ m ry applY fhc deposit tn . .
<br /> pay premiums uro naks rc�uired to }�e inau�ed by t6is mortl;i�Fe.
<br /> it � . - . . � , . . . . . .
<br /> Puymenis made. by the . \4orlgagdr imder the nbove purugraphs ma�y, at. ihe option o[ lhr ;�4orttin�ee. l�c h��ld by ii . und ;� ..
<br /> � � � commui�led - wilh �other such funds or itiv uwn fundn fur the paymenl ot such il��mn, and unlil sn appli��d , sucli pnymrnts i� m h�� rrby �
<br /> , 3 . � � plecigiY! as� -securitytor thc � unpaid. balanre ot the mortguge indebtednesv. � � .
<br /> , i
<br /> � � � : T6 �� prceum. deliver to. nnJ rnoiniain � for the 6enefit of the �tort �:agce d� ring � the life� of this murtRa�;�� oriy;ini�l puhcica :uid
<br /> renewuls therev[, dclivcr�vl ut lcast ten rluys I�efore the e�xpiratim� u( uny 5uch policies, insurin� aguinst firr and other m.urnhle
<br /> hnzr. rds, rnsunlUes, and cvmtinpenciea: ns the Mortgagec mny n�quire, in nn amount equnl to flie indr.6teclnca.v secure�! by this
<br /> ,� . � . :�4ortgnge, .and in compunies occeptable � io the Atortgngee, wiQ� loas pay�abl clriuse in tnvur of and in form uceeptnbie tu the �?��lurtgu-� .
<br /> � Kee. In �the event nny . p<�licy ia� not rene�ved on � nr �bzfore � t�•n duys o( iLv expirntion, . thr AtorlR1t;ec � may ��rucum �msurnncr on ttie
<br /> .:.� . � � improvemenfs,�. pay .�the : premium thr.refor �and nuch� ;um shall� bci:nmc immediutely duc and paYa6lc .vitf� inten�st nt � the - ratc �. -�� ± � �
<br /> ^; furth � in raiJ � nute . until . pnid and shnll b� sccured by tl�ia mort�,ugc. l�ailure� un the pu�t of the Tdurfgagor tn turnish tiuih � roni-wuL . . . .
<br /> � ctv are hicein reluired ur faiilurc tn..pay flny . sume udvunce<I hr. r . under ahetl; at thc oplion u[ the A4urtg�µ a. �. cunatduU u �deCnult
<br /> � - . � uttder tlu . ti�rtns . ot � thi+ murlK��1.�': 'Cfic dclivrry of such policirs shall. in tfie rvent o( defnuli : cnnntihite �m ��vsiKnment uf ihe un• . .
<br /> .� . . rurninl � pmmium . . � . . � . . . . � f
<br /> :¢ . . . � . Anv sumx �. reccivud bY the � Slorlgu6�'�' � by re:�sun of � Insc nr damag� 9 ��sured � :u;ninst may he mt�+ined � by ; he 11urf �;a�co � � .
<br /> ��� � _ xnd upplied tnward lhe p�yment u( the debt hereby . secured. or. at the optim�r of thc Atorfgngei, tiucl� s�n�ns rdhtr �rholly or in . ..
<br /> �. �: � . pnri�� may be p:ud . over � o the . rtortgngor tu Ix� usrd lo rep��ir $uch Luilclinga or lo Luild ' ne��� builtlingn m thrir plac�� ur fur am• . .
<br /> � otlier Purposr or objec4 kilisfnclory lo ihe d4ortguKee �� ilhuul alir�cling lhc• lien un tlu• morlRnf:�' (� � r Ihe fnll umouni <eaurrd hen• � , . :
<br /> = J ., . hy. bofare such �puyment ever trxdc pl�ce. . .
<br /> , ! `
<br /> . 'I'u promptly repuir, restorc or rr6uild nuy buildin�i nr impruvcmenh now ar heroaller on the premises ��� hich may bo- .
<br /> � cmne dKmflg�vl dr deslrnyed ; lu 6eeP �:�id pr ^mi+es in ���c+d condiiion and rep:tir nnd (rei� fn�m cmy mcchr�mr's licn or uth�•r lien or . - „�
<br /> claim of lien »ut exPn•s.wl,v sulwrdimded to the lirn hereuC; nut to suRer nr p�•rmit any unluwful uec o[ r�r ;� ny nmsancc to ezi+t nn :c `'�C, ..
<br /> .i. . suid pniperty � nor to . pennii wuale � on said pn•mixs. nor tn do eny uther ��ct whvrcby lhe prcpirl>' �herebY conveyed sh+dl berome . . .
<br /> le$s �•rilunblc. nar io diminish or impair its valiie iry :vny ncl or umissiun lo acL fu comply �vilh :dl � n +� uirrmrnts u( luw with ro,pcti .�'}
<br /> to the �mortgnged pzeinises nnd the uue thcmuf: . . . . . . . .
<br /> � . . . � � � 'Phat sLould Lhc . Premiers ur imy pt�rt themuf lx• lakcn or durnngrd by rraton uf anv public impn�vement ur cnndemnn�.ion , � � .
<br /> . prceceKlin�, oc under the right oCeminent dumain, or .in uny other ntanner, Iho ltortgagee sh�ll br, ontilled tn nIl cumpens�tiuns, . � �
<br /> . � � nwardv, � and nny other � paYmi�nLcir relief lhrre(ur, and shnit bc entitleJ , .{t itr optiun. lo comtneitce, :ippenr in uud �>rauwulo in iLa - . � .
<br /> �� � � oWm . �wnu+ :my netiou ur proce.eding. or fn moke :uq• compramise nr �rtUetncnt in conurvtion with such takiug ur di�mnge. All such .
<br /> . co�npensntion, a�vunls, damagc�. � right � ut rulinn an�i pruiY�e�ls an• hereby i�ssigned to th�� �1 �rIRa�;ee, wlio. rn:q�, u[ter Jedcctin�; � . � �
<br /> � lhere(rom� ail its � exP;nsez. � rclense any moneYs so . rernivcd by it ur :�pply tlic �atne �!n any indeblednesv securcd hi• rcl�y. 'Chc �totb .
<br /> �� � gngar� agreea � to. exerute such furlher assignntents of .my c�,mp�mtiation . aun �dv, d:unn;;es, and rigMs of acliun und � r .cerds ns ! hr . . . . .
<br /> 1Tntt�t4:re muy � n�c�uire. �. � � - �
<br /> � Thflt in cuw� �i[ (uilure to pedurm xu}• o( ( lie cuvrnnnls hemin . thr Mnrfgagee rnay dn on fhe \1orltinRur'� behtdt ovcn• lhing � . � . .
<br /> : �� � w. covenunted ; thut ! hc ltorigagee mny ulsu du nny act it may deent nrces�iry ln pndect tiie licn ihenY�f: thnl the �tort �;iigur will - . . � . � ..
<br /> � repuy ttpon. detnund nnY � muneya pnid or Jisbua�ed bt• thr. Atnd�:t�g�•c fur any . o[ lho aLove 7�urP�r�:s, nnd such awneys tngelher wittt . . . .
<br /> interenL . lhenrott . uCthe ndr prnvided in haid uote sh:tll becnme su much additionnl inrlebfrviness hercby secured nnd mey 6e � in � � . . . � � .
<br /> cludeci in � nny detne [or�r�lusinF lhi� inorigage and be puid oui o ( the rfvds or procrrdv ui sale ot said premires it nut othcnvise . . . � .
<br /> pxid: tLat it sbnll nM he obligator}' upnn lhe MorigngcKr In inquin• intu the vulidity o( .my lien. encumhrancc�. or claim in ad- � � � � .
<br /> . . vunung moocys as nbovu t�ulhorizrd. hut noihing hm•i�in cnnhiim�d shaU VKr c��nsiru�ei as fM� illl'lll�; tI1P 1fO� f4�F�•1' IV :iIIVFlfIC� ' IIDY . .
<br /> . .moneys - for�. any such purPnse nor to du nny. acd. hereunder, and tluil �turigage�� sh ,dl nuf ineur ;inv prron:il IiuLdit.�• h��cau ��• nf ony- . . .
<br /> . thing it may do or omit to clu hereunder. � . . � � �
<br /> . In the event o[ the de(eult by ninrtFaigor in the �iayinent v( �up' in� tnllmenl , as roquirtd by t6. . Notc o-i•curi�d hereby. or - . . ..
<br /> � � in lhe . perfortann4r of the o6ligntion in lhis mortgnRe cir in lhe noti• sacured Ihen•6y. the \to �t�;age�• .hall be enlillyd tu d�rlur. Ihrt :.
<br /> � debE eecut�! - hereby � due nnd papubie a•ithout nolic��, and the Dlurtgagcc <hnll be entiticd at iis pli��n. wd.hnut notice, ci(her hy � t�d ( ;_� w
<br /> � � or by . a . teceivertn be� ++p�iointiYi by the cc�url then•oC, nnd wilhout r�gnnl tu the adequuq� c�[ nnv si�curily tnr the� indebtednes� se • . . w
<br /> � cured hereby. lo enter u{wn und. take � pnssessiun n[ the morll;��K��d ptrmis��+, mul to coUict nn 1 receive U�e rrnis. is�aues nnd )��n�llh� � ,` N � r .
<br /> t � theteof. mtd itp{�iy � the sttme. lcws cosLs of � o�ieraUnn nnd �v�l (ecGon . upon the indi•bt�slnecv �rcumd by thi� mortF:age : w:fid rents, �
<br /> � J iswvex and profita being:henrby nssigned lo ! h� MortKag��e ne . (urt6ur wcurity� tor lh�� pnyment of nll indi•bt � duv.vs necured hereby. � . a R
<br /> �
<br /> . � 1'LP �lortgtigce shi�ll huve 1he poe'cr to up�winl nny . agent or ripente it. mny dr�irc (ur thr purp�re uf rcpiiirinl; v�id ��rom• . . . � � �` � ��•
<br /> ises: renting the same: rnliectiny: the rvnta. n•venuex and incorne , and it may PaY uuL nf .c;�id innnno :dl �• cpense, in��urnKl in rent- ' .
<br /> . . int. sn�l rnuneging the same nnd of collectinG the mnlnls therefrom : `I'he Lalnnec remnininti. if nny . � hall 6r iqydied tuward thv ' 4 ,
<br /> diw�har��, pf: lhe. . muriRnFa indrbtedne.s. 'Chix nwignmrN. is �o termiunl�• and Iwrnmr iiull Hnd enid upnu rel.����� • � d lhi .c inorl�:a�;e, � � . .
<br />;�, • . I � . . �� . �
<br /> =y�
<br />- E
<br />
|