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<br /> MORTGAGORS MAY MAKE PflEPAYMENTS OF PRINCIPAL ON ANY INSTAt.LMENT DUF UATE. SUCH PREPAYMENT SHALL 6E
<br /> APPLIED TO INSTALLMENTS LAST TO BECOME DUE UN�ER THIS MORTGAGE. PROVIDED THE UNDERSIGNED AftE NOT IN DEFAULT
<br /> AND ARE THEN 7HE OWNEftS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF THEM,
<br /> PAYEF AGREES TO PURNISH TO THE UNDERSIGNED 100% OF SUCIi PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO•
<br /> HIOITED 6Y '�HE REGULATIONS OF CHARTERING pND SUPERVISORY AUTHOR�TIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS
<br /> SHALL BE SECURED BY THIS � MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PkEPAYMENTS HAD DEEN MADE.
<br /> � THG 2�10RTGAGOR rURTH13R COVFNANTS AND AGRGES :
<br /> - 7'hnt lhe Mnrlgagor will pny the indrhtednres ns herrinbefnrr providrd. . .
<br /> 'fht�t 4ha MurlRagor is the owner u( aaid prnporty in Gr simplr und hus ;;nod right tmd Inwful nvlhnrit�' lo soll amd . -
<br /> � e•unaey fhe xmne and th.d t.h�+ same is free iand rlrnr o[ nny lion ur eucumbrtu�ev: nnrl tlmt Atnrtgagur will �cnrrmil e�nd drL�nd th�• .
<br /> ' ti0e to � snid premises . ngeinst the claims o[ all pursons whnm+ocver. . . � . .
<br /> 'Po pny immediately vvhen du�� �md pr�yt�hle nll I:ener��l lazes. �P�Mial tnzes. sp��rial nssessmrnts, waler charges, srwer serv- .
<br /> ' icr charg�s, and other l:�x��s anJ charge, n�ainsl s.�id propi•r�y, and �+II tnzes I��vie•d on the de6t si�c�urod herel�v. and (u furnish Lhe .
<br /> �. \1ort�;agce, upnn� rcqurst. �vilh lhe nriginnl or duplicrde r�rr•iPt.v th��rofor. Thr 6tori�;ugur z��rers tLat thero vhnll he adJed to . �
<br /> . � e. ach monlhly pnyment required h�•n•under ur uncic•r the evidirnce of drht. secured hr•reby :m �uni�wtt estimriled by flie \torlgagee
<br /> � fn be su0icient to c.naldr lho nlurtg�iFee tu pa�y. :�:� they becom�� dur, all lna��s. nssrssmen(s, and airnilar chnrties upr�n the prem- .
<br /> { � is��s subject lhrreto; �ny defici��nry because o[ the insulticiency u( suci� addiliunzd Pnymcnts shall br turthwith dcpositrd by �hr .
<br /> � I�tortF�Fnr N•ith th�• Murt�;ngre upon demnnd Ly the �lorlgnger. A�ry default under ihis para�;raph shall bn drr�med n defuult in � .
<br /> . . pnymenl ot I.E�xrs, asscwm�nts. or similar cLarties re�µiimd hrrew�d��e � .
<br /> � 7'hc plurlgagur ugrers thal Ih�•rr shrill aL-,u Ix• addrd la car6 monthly p:rymrnt of prin��ipal and intrre:l rrquired here- . . . .
<br /> . undrr nn .m�ount estimated by thu AturL�u�;rr lo h�• sulliri��ni to enablr thr• 1lnrlf:agoe to pay. as il becnmr, due. thr insurnnee .
<br /> ; . pretnium on viy invurance policy d��liveted tu �he AQort�a�;ec•. :\ny deficiuncy 6ecnusi� u( lhr insu0iciency u( such udJitionid pa}•- �
<br /> � mcnts shall be forth�vith deposit�•d Iry thE� �7urtf:aKor with thi� illurt�agec uix�n drm.�d hy the A1nrt�;a�;ee. Any dr(nult under tl�is . �
<br /> ' para�r�aph shall he de��med n drtault in thr paymenl o( iusuraner, premimns. I ( Ihe policy or P��licies depn;i�ed are nuc6 ;is home- � _
<br /> � ewners or all risk policirs. and Ihr depnsitx �� rr invuflicient lu pay the rntin• pmmium, fhr Morlgn�;��e rn�ir apply the� drpusit tu .
<br /> � � pay pn•miums on riskc required tu be in;urr.d by lhi; mortgnF�•.
<br /> P:tpmenls made by ih�� 11url;;agor under the xbovi� paro�;raphs mny, nt Lhr upliun o( thr btorlgt��;ee, 6�� hi•�d frv it and �
<br /> . eommin�;ied wilh uthrr tiueh Rmds or iLs own fund, for thr pnymrnt nf surh itr�mv, :md unlil tin a3pplird. sueh paymrnis iirr herrby .
<br /> pliKigcd ns s��curity fnr ih�� w�p��id balanc�� ot ihr• murlpn�:c indubt<�rLic�s. . .
<br /> 'Cu procure. dcliver tu, and mainwin tur lhi• b��uefi6 u[ the Mur'tgiit;er during the life u( thie morf�;age nri�;inal policies and . �
<br /> � renewals ther�»t. delivered aL least ten dnys IMtore the expir.ition ni w�y soch policii�n, insurin�; n;;ninet fire nnd uther insurnble
<br /> � haxs�ttls, casuultiex. nnd contin�encies us the MorlRagee may nY�uire. in an amount equnl tu the indebtedness src�r�•d by fhis �
<br /> �lortguge, and in crompanics accepfable to th�� blorlgaRee, with low pnpaLle clau.sr• in Gn�or u( and in form accepluhle to the 11ortFa� �
<br /> - gt�. In the ev�ml tmY P�licy is nol rrnewed un or br(nre ton days of ilti czpiratiun. the hturtgag�•c may prucum insurance un the
<br /> i � - imprm�ements. P&y the premium l6cre(or, imd such sum shall becuma immodinirly due. �md p:q�able wilh intereat af. the rnle sel - . �
<br /> (urth in said nnte until paid t�nd sh�ill bi• securrd b�� this mort�;a;;e. Pailure nn fhe part of �h�� �turtFag<�r to turnish such reneweds
<br /> � as are hrrein required ur (ailure to puy any sums advanmd herrundrr ehall. flt the oplion o( the Mort�;a�rr, cnnstitulv i� defuult
<br /> q, under lhe terms ot thi� mort�;nge. 'Phn delivery o( xuch pnlicios shnll , in ih�• ovrnt nt d�•faull. <�nnstitute nn as,i�;nmenl nf Iht� un� .
<br /> rcirned premium.
<br /> . Anv sums receiv�•d by ihe \9ortgagce by re;uun nf Inss ur d;ima�;e in.sur�•d �i�;ainst may be rrtained by the \tartgu�;ee
<br /> � und applieeJ loward thi� puymenl u[ the de6t hembl' secumd. or, et. the option nf the Diortgngre. such .sums rith��r wholly ur in
<br /> �" part may b�� pnid nv�•r tu lhi� �lortgagor to be usrd ln repair such huildin�s ur lu 6uild new buildin�s in Ihi�ir pl��ce ur (nr any
<br /> - � other purpou• nr r.F�ject s�tis[aclory io the A9url�;ngee wilhout at(ectinF Ihe lii�n un the mnrtpr��;c fnr th�• full fimnunl �rcured here-
<br /> . by hefure tiuch pr�ymrnt rrer t�rok pl,�ce.
<br /> ! '1'n prumpfly repair. res�ore or rebuild fmy huildin�;s or imPruremrnts no�r ur hrn•aRer un th�� promis��s which may be� .
<br /> � rnme damnged or destruy�vL tn keeP sairl premisc•s in �:rx�d enndiliun and re.p.+ir .ind free Gum uny mech:mic's lien or other lien or . .
<br /> claim u[ lien nnt exprecsly euhurdinafed to thr lirn hi•rcof: n�>t tu sufTer ur P�'nnil nny unlawful usr of ur �iny nuisance tn ezisi on ,
<br /> snid prnperiy nor tu p��rmit u'nste on said pmmises, nnr to dn any uther .ict �sherehy the prnperty hereby enneey��d sh�dl kxcomr
<br /> Ir,xs valuable. niir to diminish or impair its �•alue by any act ur umissinn tn art li� cumply �cilh :dl rrquirrmenl., uf I.nv w�itl� n•spect
<br /> a � � to ihe morlgaKed premines imd the use thereof.
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<br /> 7 7'hnt shuuld the premi+��s ur anp part thereo( be taken or d�maged by r�•ason of any pi�blic improvrmrnt or cmidemnut�on
<br /> procealinR. �� andec ihe ri�ht ot eminent domnin , ur in any other mnnni•r, thi• lfort�;a�cr shall b�� entitlyd to id! eompensations,
<br /> '� �r.v+ards. und uny olher Paymenl or relief th��rrfor, and shall be entitled, nt its upliun, tu cummc•nce. nPPear in and pnncrole in ifs
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<br /> y . nwn niunc any uctinn or Pruc.Xeding, ur tu make �ny compromise or setllement in connrctiun wilh such takinR or dnma�c. All such
<br /> � comprns:+tioa award4, dmnag��, right uf nction and prucecvJv nn• hervby nssi�;ned tu ihe btorig��;ee, who ma�•, n(ter deductin�;
<br /> r: lhere[rom nil iV; ezpenses, relcase any muneyn w recrived by it ur npply ihe ..:�me e�n am indebt��dnetis secured hereby. The �1nrl�
<br /> gfigor ugmec to execute such lurlher as4ignmenLs nf any rumpen.+rii�rn. awards. J:unaRe.. and ri�;hts of acfiun nnd prne<•rdn us th�•
<br /> Atortt�aKe� mny require.
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<br /> 1'hut in ca5e ot fuilurc lu perform any of Hu• ruvrnants herein. Ihi• rlurt�;akee may do nn the Alortgagnr's behul[ evrrything
<br /> ?' so covennnt��d: thut the hlurtg�l;ec may ulsu do nny acl it may deem necr,.�r,V ��� prnt�•cl �he lirn IhrreoC thnt the !�9orlgagor w'ill
<br /> repuy upon demand tmy moneps puid ur dishuned by lh�• I�turtgu�:ec fur any of the abuve purl��n�'s. and �:uch munrys tugelher with
<br /> intrrest thereun :�l th�• rat�• provided in �aid note shall becume su much nd<litional indebtrdness hereLy s�•currd :�nd ma}• Ix• in-
<br /> e rluded in uny decrce [onK�lusing tllis morlK�+F;c and fx paid uut of t}�� renLv ur pron•eds uf >ale o( ,aid prrmiscs i( not otherwise
<br /> paid: that it xhull not ix obli�;ntnn• upnn thi• 1�lortgagcr tu inquire inlo ihe vnlidih� o[ nny lirn. rncuml�,runers. ur claim in nd-
<br /> v�ncinF moneys as nbore zmlhorized. but nuthing herein cuntainad shall Ix• con.vtrurd nn requirin�; � he 1lnrtgaKi•e tu adv;mce uny
<br /> moneys [or uny� such purpose nor to do nny aet hereunder: i�nd ihat \9urlgn�;re shall nnt inrur nny p�•rsnnal IiaLility tx•caus�• uf nny- �
<br /> thing it may Jo or nmit ��� du hcreundcr.
<br /> - In Uir evenl of the detault Ly �1ur�gagur in fh�� piryment uf any inslallmont. ne n•quired 6y the Nutr securrd h�•reLv. or
<br /> in thc perfomwnce of lhe �filigt�tion in thiv mortgvge ur in the note �;i�currd lhereby, lhr M1inrt�;agoe shall be entitl��d lo dirlare thr
<br /> � debt securesl hereby dur und payable without notice, und tLr JlurtKa�;ru sl�all be i�ntilled ��t its uptiun. wi� hout noticr. ci� hcr hy it.el� . j
<br /> . or hY u receiver tu .b• apPuinteKl by the court lher�roL i+nd wilhuul re�;urd lo ihe ndrquacy ut any si�curitp fur ih�• iudrbti•dnvss u�- . . � � � [�';�.' , � .
<br /> rured hereby. tn i•nter upnn +md lake posscnnion u( ihi• mortgnged Premises. nnd to collrct and recei��e tht• rents. issues rmd pru(its - N , .
<br /> L thereo(. und npply the sarne. Icros covls o( operatinn am�i inllection. uP��« lhe indel�trdm .s .eeurrd by ihi; murl �;�q;�•: s.�id rent�, � '
<br /> is5uc� ;md profiLv I�eing hcreby x5.i�;nrd to l6r Mnrl�;agrr ns Curthrr sr�vrih� (��r Ihr paym�. nt nf nll ind�•bt��dnrvti tiiY�urwl hi•rcby.
<br /> 7'lu• 11orlgnK�� shull hnre the pcnver lo Fippuint any t�tient ur �i�:i•nts it nurv J�•sirr fur � he purP��•�' ��( rvpuirin�; �:�id �ucm- h .
<br /> . isr,y: rrnting lhe snmr: cullectinK the rrnts, revrnue•s and incnmr. nnd it m�y pay oul uf =.�iid incnm�• ull �•sprr.srti �ururn.l in rent- � � : .
<br /> ing und mann�;inF the sume and uf cnlle�'lin1; fhr mN��ls thorr( rnrn. 'l�hr Lalancu rrnuainini:. iI any. sh:dl h�• nppGrd t� �warJ lhr
<br />� � � � dischu��;e o( thr. murlgaKr inde�bh•dnrss. 'I'his nssitinnu�nt is tn t �• rminati• and I�•rum�� null +md coid !ipun n4r���r nf Ihi. nurrl4;i�;e. ` �
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