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<br /> � �. 002685
<br /> 'I'I�E h10RTGAGOR GUR'1'IiL:R COVIsA`AN'I5 AND AGRIiES :
<br /> . .l,hnl tive Mnrl.�;agor will pay th�+ indebli�dneav as Brri�inbrfom prneided. ' � .� .
<br /> � � �� 'I'6al Ihe A7ortgugnr is Ihe owner o( said proprrty in fre +,imple and has Rocui nght and I;nrlul uuthurily tu sell nnd . � � �.
<br /> tonvey the a�ime aml thut the• �:ame is froe nnd cleur of nny lien ur rncum6rnnce; +md ILnI A�lort�;nl:��r x�ill �rnrr:mi and drL•nd thc+ �. � . . . .
<br /> . tiUo to � sitid premices ar;ainst ihc elaimn o[ nll pervons wliomsocv��r. - . � � .
<br /> 'I'o pvy immedintely when due iuid p:ryable nll Fenen+l ta�ev. sperinl 6ixeti. .,pvciad a4v�•.smenls� �r•atcr chnq;ce. s��wer sen•� � . . . .
<br /> ice cht�rgr.;, mid uther tazes end chnrges againtit suid properfy, nnd :dl inxes Irvird on the dr. bl. aecured hereby . and lo (uminh th�� � �
<br /> A4ort���gee, u�rin mquest. wilh the originul nr duplic�atc receip�s theretor. The �4urtgagor ugreea that t�iere shail be a�dded to . . .
<br /> � i�ach mmdhly p�yment mquircd hereund��r or under the evidenee oi drbt vecured h��mby am m�nunl �stimatad hy the Murt�:ager, . � .
<br /> � ln hu sullicient to rnnble lhe 2�1urtf;ti�;ee to pny, a� thcy become duu. ull t:�x��s. assrnsments, rmd �imilar che�rRen upon U�r prrm � .
<br /> ise� subj�•cl lhereto; nny defeienry because of lhe insulticicncy n[ such t�ddition+d paa7mrnts ahall he furtlnrith d�•potiilyd by 16e .
<br /> Alnffgagor wilh the n�lortgn�;ee upnn demand be th� rturfgngec. Any d��fnult und��r ihi� parntirnph shall ho dermrd :� defnull in . � . .
<br /> paynlrnt. o( taxes. aa+��sxmenls. nr simil;+r ch.lr�;��s roywrrd heretmdre . � � . . . � .
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<br /> '1'l�r �lorlt:n�or n�;re��v t6.it. there tihnll �ilsu br� ndde•d tu i•ncli monlhl}• puynurot nf prinnpa� and intrn tit rryuired 6ere� . � . .
<br /> unJi�r an antouot e,iimntrd by the �1ort�:a;;ee tu be s�diicirnt tn enablr thv �torf�;agor lo pnc, a� it bacomnc dm . �ha in�urtmer . .
<br /> � premium an any iniuranrv pnlicv dolivan�d �n thr 4lnrtY.zt�tce :1n �' dclicioncy beciu..i� u( Ihr in+ulliriencv ��( •uch :iJ�litinnal pu)�� � .
<br /> � m��Ns ,hall b�• (orthwith depn>ited b�� the �lurt�;a�;or wilh thr �turl�;.�t;ce upnn drmand hy ihe Atori�at;r��. :\u} d<�L•�ull undrr this � .
<br /> pnragrnph slmll be dremrd a do(aidt in th�• Paynn�nl uY in,ur�ncc prrrnium.;. It Ihc pulii;v ur pulirirs drpu;itod nrr >u� h as humi•� � . � . .
<br /> owners ur nll rixk P��lirles. nuid � hi• dopusils nr�• innullicirut to p:iv th�• onlirr Pn•munn. 16�• \Inrt �a�;e�• maiy nPPly IMr drpnsil in . . . . . . .
<br /> pny prcmiums on risks re•quirrd tu 6�� iu,umd by i6i. mnrt�ai��'- .
<br /> Pavmrnls made 6y l60 �lorlga�;ur undrr tho :i6nve. panil;raphs m:p'. nl th�• upfiun u( ihr Alorl ;;agce. hc hrld Ly il snd � .
<br /> commingled with uther sucl� funds ur ith u�vn (unds for Uie p;�ym��nt of snrh iu�ms. ��nd until ,u u�ipli�•d. �ncl� paymants arv hrreb�• � . -.
<br /> pl�vl�etl as ;ecutity (nr thr unpaid balanrr u( tho nu�rfgal:�' indrht�>dm•s:v. � . � . � .
<br /> 'I'�� prucum. deliver �o. :md nmintain fur thi• Lrnefit ot thr D1orl;;�i�:oo durin�; ih�• li(i• of thi,; mur� �;:iR:i• ori�m:d P��licies nr.d � - � . :
<br /> - n•newe�ls theuw(, d��livtved al I�•asf �rn dape b��[ure the i•xpiralion u( �ui>' such puhcics. innunng n�;ni�wt. fire and olher insurnble . .
<br /> � hazards, r,isualt.ii•s. and cunt�nl.<'ncies ns Ihr 9lurtg:�goe m:rv mquirr. �n an umuunt equ.d fu th<• indob�ednesv socured hY lhis .
<br /> ' AtorigaK�. und in compnmr, .aceptubli• lo the Murtg.iKee. witt� lu.�. pnyabie cl:m�r ii� f:avur r,( and in fnmi uccrplahle tn thr Nurt�;:i- . �
<br /> gee in Ihi� en�nt uny pulicV is uot rrm•wed nn or be(urr L�•n dnV> u( its rspiration. ihi• 11url;;;i�;ce m:ry prncure ui.urance nn thr . .
<br /> � imprnvNmeuts. pa�� ihe premium th��rc(ur, and such .um shnll becomr• immediaicly dui• mid p;qmblr u�il.h iutere.t at Ihe r.�li� set . .
<br /> � (urth in s�id nule until p:iid and shnll bu .ecured Ly Ihi, murf�i��r. Failure un the part u( the �inrtgugur t�� furnish .uch rent�wal5 �
<br /> as am herein requirc•d ur (xilurr in pny �ury sum: �idrnncnd lierrundrr �halL at th�• option o( Nu� U��rt;;:�;:��e. r�mstilute a default - . . . .
<br /> � under Ihe• terms nf this nmrtg.i�;r. '1'hi� delierr�� nf such pnlicirs shall. in Ihr e�'�•nt n( dr[�ndf . t•nn>iilulr an a.si�;nmrni rd thr un- . . . .
<br /> � rsrni�d premiurn. � - .. .
<br /> �� Anv sums recrivr•d L�� Ih�� liurf�;iigoe b�� rr�i.un ut In.s ur d.unat;e insun•d a�:iinst m�iy he rrte�ino�l by fhv \1��rt �:i�r�• �. . .
<br /> ;uid npplied tuwurd lhi� paymenl of tho debt hrri�by w•cun•<I. oc al Ihe uption o( th�� �inrt�;agi�c. such cwn, i•ith�•r wholly_ ur in � . �
<br /> ' parl may bi• paid uerr (�� the A7uritim�:or tu b� uced tu mpair ,uch buildintis or i�, build new huildin�;s in thrir plaa• ur for any . �
<br /> . . olh�•r Purpusc ur objrct. su�isfuclury tu thc plurf�;aPr�• withuut a(T��ctin�; the li�•n on lLe mnnr;R;e for tb�• full amuuni �rrar��d hcrr. . � ,. . � .
<br /> hp beiom such paymenl et-er tuuk pliice. - � . .
<br /> � 'l�u prnmplly rrp:iir. res�nn• ��r mbuild uuy� buildinM1x nr imprurrm��n�� nu�r ur I�rrrnllrr an the prrmivcs �vhirh m.i)' b��� . . . .
<br /> � cume d.imu�;cd or do.;lrny��d : tn kecp sxid premisrs in ticw�d canditiun and rep:iir nnd fn•�• (rnm �my m�•cLanii•.'< lii�n ur nlhrr li��n ur . .
<br /> � � claim o( lirn nol �•xPressly subnrdinalyd lu th�� li�•n 6��rcu[: nut tn sulTrr nr �i�•rmit ❑�»' unl;ncfid usi� nt ur am� nuiwnri� (n ���i.l on � .
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<br /> : . � said prnperLy' nur lu pormit ��:ist�� on vaid prrmisrs. nnr iu du ;urv uthcr act w�hi•rrLy Ihi• prnp�•r11' hrrolry cnnvrprd shnll b��cnme . . .
<br /> r�� , Irs. v;aluablo. nur tu dimiuieh nr imP:iir it. �':dur Ly anp art or ��mi=sinn to ,u�L tn rntnply� ��'ilh �dl rrquirrm�mtc n( hn�' ���it6 «�.p��ct .
<br /> i�. �_ Lu � hi� mnrlFaf:�•d prcmi:��s and ihc• use Ih�vvnL . � .
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<br /> � "1'hal sLuuld thr premi;rs nr ;m>� parf tiu� rrn( b�� wl:r�i ur damn���d by mt�.on n( unp pu6lic impruvrm��nl or rnndrmnn� inn . .
<br /> proceedinti, ��r under Ihi� ri�;hl of rmin�ait dum:�in. ur in any uther �nannrr, thr 11or�„aK�•e nhall hr en� iUed tu till cumprnsaliuiu. . � . �
<br /> � awards, and wty ulhor pu)'inent uf rolie! Uu�reL �r. and shall 6e enlitled. ;�t it+ npliun, tu cumm!•nce, appcur iu :uid prus�cule in i��
<br /> ,:� - own numc an�� iictiun nr Prucecdin�;. or �o makr ane curnpruroix�• ur si�ltictnrn[ in cnnnrclinn with such tal:in� ur dam:i„c. All sm•h .
<br /> ;� ' rnmpennulion. ii���ordx, d�mak�•s, ri;;ht u( uctiun nnd ��ruc�•rd, are h��reby a�:si�ur•d tn thr Atorf �;ii�;er. who may. ;ipi�r dedurlin;:
<br /> lherr[rurn .ill i �a uzpensr.. n•let�st• �ny mumrys su n•crivrd by i� ur appl}• Vlx• snmr nn an)' indrhlednnss si•e��rrd hrreLy. '1'hr 11ort . .
<br /> gngur aRrc��c iu cxeculc nuch furlhor a.:i ��u�ni•n�s o( nuy vumprn�aliun. .{�v.vdv. d:�m�iK�••, ;wJ ri;:hts u( :triiun unJ prnrrrdv ��. ih�• . .
<br /> Vlorl �;a{;rc In:iY rrquin•.
<br /> � '1'hat in case o( [ailure to pertonn aur of the r�.,vrnmits herein. the �forlgagee mny du ou the Murfguqor':; beh:ilf every � �
<br /> . �hinK ��� «�'ennnhrl; thnt Uic Atori�;agee may olso do any ncl it may dism necessar>� to protect the lien themoi; that t6e D4orl-
<br /> . i;agor w'ill repny �q�on demund nny munrys paid or disbursed hy thu Mortgngee for uny o( the ubove purpuu�s, und such moncy�
<br /> � together wiUi interest thrrcvn al lhe rute provided in s;�id note sliall become so much ndditional indebt��clness herriiV secumd and
<br /> � mny be indutled in nny drerce forrclosing this murtgngc and be paid out of lhe rents or proceeds o[ sale of wid premisex i( nof
<br /> othrrwise p�id: nnd thnf Mnrlgagir �h+dl not incur nny p��rsonal linbilitr ber,ms�• n( anylhing it mny du or omil to do herrwider.
<br /> � In lhe �•vcnt nf Ihv d��(oult bp \iurfgugnr in lhr pagnu�nl o( any in.lallmonl . a; n•quin•d Lp Uu• tintr x�•currd h�•rvUy. ur �
<br /> . in the �nrrformunec uf th�� ubligalion in l6is morl�;atir ur in thr note wrcured ihrrehy. ihe \lort�;n�c.,. �6all bo ��ntiilyd tn d�•clam thr .
<br /> � debt securod hrreby duo nnd puyz�blc wiihuul nntice, imd the �1urL:aKre vhall be ��ntitird :d it� uptiun. ���ithnut unlicr, i•ithrr �n, ilself
<br /> nr by i� rcceivcr tn Ih� tippuinl�Kl by Lhr cnuri thorcot. �md u�ithnul n•�ard tu lhi• adi��w�ry � �f :m}' .�•ruril�• fur tLo indrbirdnoes w,.
<br /> nved herebl'. lo cnler uPon a�nd fnke pussenvitm u[ th�� mocl�;a�i•d pr�misi�s, and lu rullecl und ma�i��r the� rrnts. is.u�-; :inJ pru(its
<br /> , thrreot. und npply lhe snnu•. Irsn cusl, of uperatiun und cullectiun. upon the iude6l��dn��as tircured by this tnnrt�:i4��: <aid rrnls,
<br /> �. is�uex and prufila lk•in�; hcr��by as.i;;ned tu lhe \1nrl�:U;cr as (urlher srrurih� fnr lLr p:iYm��nl nf nll in�lrhtrdn�•sv .rrun•d hrm6y.
<br /> � "Phr 19ortgi�gre sh�ill havr �hr P������'r tu nppuinl any i�gent ar a�rnts it mny dosirr for Ihe purp��sr of r��painn�; .�id pn•m �
<br /> � ise4: renling Lhe same: rullectin�: lhe mn(�, rvvrnue; und inrume . :md it nui�� pay uut of ..aid in��unu• all vz � u•in�•s incurrrd in n�nt-
<br /> � inR nnd manaKin� Ihe aame and u( culieilint; � he rrnWly Ihrrrfrom . 'I'hv 6nlnncr nmriinint;, i( any, shnll 6r :q�phed tuw:vd the ' { _. '.l.;; �..
<br /> ' di�chsir{;e uf the morlgr�i;c inde6t�•dnrs.. 'I�hiv n�.<il:nmi�nt ic �u t ��nninn(o ;ind h��o� �mi� null nnd vuirl upuu rrlt�n+�� i �f ihis m� �rtti;it;?. ' � � � ' ��
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<br /> � � The biortgt��;er tnnV cullecl a ' Inle i•hnrgr" nut tu esccud Fne ('onl� ( fic) fnr rnch dull:�r ( �? 1 .001 ��f �:�ch lidal rn��nt6h� � � .
<br /> �,nyrn��nt mnrr lhnn IS d�iv+ in nrn•:+rn In crnrr Ihr �•xint �•eprn>�� incnh �•d in hnndlin� dolinqu�•ut ncr, nwil..
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<br /> ' All paymrnts mad�� undc•r lhr pruvisiuns n( lhis moi�fR:�F�� ur � h�• nulc hi�rcL�� ::��cur�•d. �c6ir1� �n��}' Le cnusinird :i. inl�•n•�I . � ` �- .
<br /> chall nu( , in �he a�;tir��tinli� uvc� ih�� Irnn Ih�•rro(, i•xtt��•d Ihr rnti• � h:il nwy nnw 6�� law(ull�� r��niraricd G+r in wrilin�:. �� . . .
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