|
, � �
<br /> ` 76- Q �'3 ]. "7�
<br /> 'l'IiB r10[t7'GAGJf: FURTHL'R COVI'sNAN'I'S AND AGREr6:
<br /> - 'I'h�t thrz MoHtiaK��r will p:�y lhe indeh�edness ns heroinh��ture Provided. . .
<br /> '� r 'I'hat the Morlgngor is � ihr nwner of �:nid prupertV in f��c simPle and ha�; K�����I right miJ lawhd authurih' tn soll ;�nd . �
<br /> � convcy Ihe same and tht�t lhe sume is Gee nnd clear o( nny lien or encumbranei�: nnd ihnt hluriguR��r will tizn'r.mt tmd dofrnd thc
<br /> title �n eaid premiKe, �ifninst lhe clnirnti of nll prr.on� �'homsoew�e � . . . .
<br /> 'l'o pny immedinlely �vh��n due and p�iyable idl g�•nerxl tazes, speciul laxev. specinl a�;�es;ments. �snlrr char�;f•s, sewe�r serv- � .
<br /> ir,e clmrgrs, m�d olhcr lazes and cbt�rges ngainst naid property . nnd nll taxes Ic•vird nn � he dcbt n��i•ured hereby, nnd tu turmsh ihe
<br /> Mortgage�'-� uPon requc�t, ��'ith lhe+ tiri�,�nul or duplicate rece�ipts lherefoc '1'6r �1urt�:ngor a�;re�:s tht�t. them shall h�� added in
<br /> rt�ch monthly ��myment requimd hereund��r or �mdrr � he evidence oF drbt secured hrteby nn arnount c�timaled bp ihe D7orl�:agee . .
<br /> tn he sidl'icient to enahle lhe htortgager tu puy, as they becume due. nit taxrs. asse.ymer.ts. and similar chargrn upon the prrm- . .
<br /> ises � subjret th••r•r.tu; m�y dvlici�•nep becau.e of lhu insuliiciency of such addilional paymi�nts e:hnll be furihwit6 d�•posilod ba the � .
<br /> MortK��;nr wi�h ihe 1lortgugee upon demand bp Uir \tnr(Fagee. Any de[�mll under this p�va�;raph tlr.dl h�• dormi d n Jefaulf in . ,.
<br /> payment o( L•izes. atisi�.eamrnts, c,r similar ehnr�es mquirerl hi�rrunder. � . -
<br /> � 'Ch�� Morlgagur agracs lh�t ih��re s6��ll als�� bi� addrd 1 ,� ��:�rL montlily paymcnt uf princip:�l and inirrrst rrquirrd hcro- � . � ,
<br /> undrr en nmuunt rstimuted b�• ihe A]urlpu�;r�r tu h� wfhcient i�i �� nable th�� ninrt�;ager tu pay, a. il bt�c�nn��s due. thi� insurancr ,
<br /> prrmium un any insurance� pohe�� d�•livrn•d tn thr• \9ur� l.a„oe :� m d�•licirne�� bccausr u( � hr msu(licionc�� nf wch additional puy. . .
<br /> menis shall bo f<�rthvwilh deposi�rd by ihr \1urh;u�;ur �vith thr AlurtR+is:�'�• ��P^�� dt�mand Lc tho 91url;;a�e�� :1nY drfault undrr tliis ..
<br /> paragraph shall ho decmrd a didaull in th�� p:nani�nl uf in:urance pirmiums. I ( thi• � �ulii��� ur pnheic+ iiiq�uat��d tire �urh ;u homr . . .
<br /> � ownrrs ur �dl risk policirs. and Ihr deposils unt insu(licirut to pay thr i�ntirr pmmiunt Wo Aiurt;;n;;i•r may npply Ihc drpnsit fo .
<br /> � p�iy prrmiwns on risks requimJ lo L�� iusur�•d by ihi> mnrten„r. � � .
<br /> P7n'menl+ nwdi' 6p � hr A1urt;:n�ur undt•r thr ;ibr,v�� para�r�ph. mav. nt ihc ��ptinn nf t6r Alur��nEi'<'. Lr hrld by il and . � .
<br /> � rnmmint;led �� ilh nthrr s�ieh (unds ur �ts nwn (unds fnr � ho p�ivmcn� of �uch rtrms. :md unlil sn uppli��d. huch p:ivmrnln .in� h�•n•by . .
<br /> �� plwigrd t�s si�curitY (��r � hc� unpnid L:�Lmrr ul � hr mnri ;;:it�e indoblcdnr�;s. � . .
<br /> 'I�u prucure, dolivrr tu. :md m;m�lain [ur Nu� b�•nrlit o( Ihr Alurl�;n{:i�o durin:; th�• If(e u( lhiti worl �ati�' uri;;ina� pulicies :md
<br /> r�•netcah lhercYd, di�li� errd at li•uvl I�m davs helorc thr �•�P�r.�iinu n( any .uch pnhi.ie ., insunnF .it;�in;l. fin• .md olhrr in,ura6le . ..
<br /> haz�rds. c.�suallies. ;md cantin�rncies us Ilu� \lnrt�;ag�•e mny requin�, m �m :unnunt rqu.d tu il�e indebtednese �rrured In� thi�
<br /> . \lorf^„aRe. �ind in cumpan�o, .iccrpla6li� tu � he Rlurl�;at;ve. �vth I�i.; p,�yuble cL�use in (avur uf and in (unn acerplablr tu �hr '�turfga� . .
<br /> � Fee. ln tho i�vent rtuy pulicy is nut n�n��wrd an nr brfor�• tcn d:rys of i �. oxpira� inu . ihi� N�vt�;aFvo mny Prorurr inaurance on tYur . .
<br /> � impruventenis. Va}' thr pn�mium ihere(ue and .ucf� sum sh:dl ber�:nne immedi�d��h' due and pn}'able �sith inti�rest al Ihe rat�• ���1
<br /> � (urlh in s��iel nnle wifil p.�id :ind sleill b�• srcurrd hp this marl�a��•. I�nil�ue un � ho part nF the \lott�;agur tu Inrnish �urh n'ne•��':d" ,.
<br /> as .�n+ hi•n•iu rrquired ur 6�ilure to p;�V :mt• sunu udvanc��d hrreundrr shtdl. ;U � 6e opiion u( tho \IorlR:�„rr. cun;titWr n d��(aidl . .
<br /> � undec t.hu trrms o( Ihis murl �;aRr. 'I'hr doliverc o( auch pnlirit�v .h:�ll, in thr rvrnt o( d�4:nJL r��nstitu�e an :usi;;nmrnt nf thr un�
<br /> � �•:vnrd premi��m. � . .
<br /> � :\np sums n•ccivrd I�y ihi� �lurl :;u�re bc r�,r.on nl In:. ur � I:unu,:r innurrd apainst may 6r rrtriin�•d Lc thi• \L�rt ;t:r;� r �. . �
<br /> - und •applird lu�� ard lh�� pnymi�nl u( thu d��ht hrre�by .rcurrd. ��r. ��� U�e upimn o( � ho 11or1 {,atiro. such cnms i�ith��r «'hnll�' nr in
<br /> pnrl may b�• pxid over lo thv 11on ��i�;ur ln br us��d r � rvpa�r .uch buildin;;s ur lo buiLl ne�� buildincs in thrir placr ur f�v :m7 . . .
<br /> � nfhrr Vurpos�� nr uLjrct s:�ti�(ac�or}' �u tho \tur� t;ag��r �cithnul adFrclmR thr lii�n uu Uir mnrl6n;;�� (nr Ih�� (ull mm�unl .����un•d herr� .
<br /> . hr bcfun• such papm��ut e���•r Ir�uk Plncr. . . .
<br /> '1'u PrumUllv npt�ir. r< .fnrr � �r rrhuild :inv buddinl:+ �� r fmpru��rm� nts no�v or hrrcnf �or un Ihe• pr< mucr �� hich mi�y fx�- �
<br /> � eume d:mu�grd ur de�� ruprd ln krrp s�id pn•inisr: in :ax�d a�ndiliun and repuir und [rr�• Rutn :ury m��chame'� hrn ur nihrr lievi or . .
<br /> . cluim of lirn nul ��xprrssly suLardinalyd �u lhi• lirn Imrrol : nu� tu vu�i�•r ur prrmil �m�• unl�uvfiJ usr n( nr um naisancr lo ��xitit nn
<br /> g� �. .nid pruperly nor tn pi�rm�t �cn.,tc uu ..iid prrrni.�� . w �r t� � d :mc oth��r m�t �chi�n�Lv Ihr prnpi�rty h��n Ly cum�i��� i�d .hall brcumr .
<br /> :. . les; v.ihiuhlc, nur �o dirninish nr impnir it.. c:iluc ly �my .ic� ui �nni;,iun lo ��rL � n i-� nnl�ir wilh .�II rrqmn �ni•ni < n( I.nc �cith m:prct.
<br /> In thi• morty;xt;ed pn•mitrs �md Un�• u<i� � hrn•uL .
<br /> ;.
<br /> ' "1'hnt xhould Ih�� prrmi:e. ur sn> p:vt thrn•ul 6r lakon nr ri,un�it�ed Iry mu.on ni anc publir imprucrnu�n� nr i•nnd�•�nnntinn . .
<br /> pr�wuedin;;. ur undrr ih�• ris;hf u( e�nin�•nt dumt�iu � ��r in any othcr mf�nu�•r. iL�• Alurt�;a�i�e Shall 6r rnlitlyd In nll cnmp�•us,�tiun.,
<br /> �j � . me.irds. a�nd any i�ihcr p��}'m��nt ur n•lirf t6rr��(ur. �tnd ,hall bo vntillyd. �d it> nptinn. lu comm��mi . upprar �n aud �irus��cutc in ite .
<br /> ' uwn n:une any arlion or prue�•oding. �.�r �o mnl:o anp rumPrumi.�� ur sc� tlenu•nl m runni•ction ��ill� wch t :J:in�; nr rinnrigr. :111 such
<br /> i. . cumPensaliun. a�� �ardn dnnu�ge, rit;ht i ( �u•iiun .md prnco� d, aro h�•nL� i+si�:nod tn ihi• >l ��rttio;;�•e ���li�� m;rv :dfrr d��ductin;:
<br /> t6cre(rom +ill ila � �p� u��•-c. ndr�ur :inv mnu� } � .n r�•rrn���J b � it ur apph � hc ..�imr un ,un nidr6lydnrv. �rrurcJ hr� ebp 'fh� Jtort .
<br /> � . �ii�;ur ugrei•. ln ��xruite euc.li furihcr ,�.s�Fnmridv nf nnq onmpen .+�lion. ��u .ird=. Jnmaa�•, nnd ri;;6ts ul ac� iun nn<I pn�ri�ods :n Ihr .
<br /> �. . \lurt �;:�R�•o muy rrquirc.
<br /> �� 7'hat in case o[ (nilure tr. perfonn any of ihe n��'enanis herein. thr Aturlga�:ee mac dn on the �for�gugor's Iwrhtii[ evi•rv.
<br /> E lhinF 5�� covenanted; that lhe �fottKa�;ee may i31so du uny act it mzry d�rm nece.vsnry to prutect the lien thereo(; tlmt the �Surt-
<br /> � ;:agur will repny upon demimd any muncy.i p�id ur disi�ursed by tl�e �tort�;ngee for anV o[ lhu above purpaw•s. �Rd such moneye
<br /> togelher with i�terest thensn nt lhe -ale pruvided in said no�e shnl( bec.nme so iruch n�iditionnl indd�tedness hrreby secvred :md
<br /> mav be includrd in an)' decree fumclosing this mortguge .md be paid out ot the mnty or proceeds of st�le o[ s:�id premises i( not
<br /> nthrnvise p�id: ,�rd .`�t 91ort�:ugi•i� sh�dl nnt incur any perw�nnl li.�bility l�ecausr uf am�� hinti it rna�• do or omit t�r do he�reunder.
<br /> In ihe r;rnt n( tlu• d��fnull hr Alurt �;.�tiur in ihr puyment uf nny installmrrl . :�< rryuired by th�• N����• r�•curod hrrrb��. nr
<br /> � in Ih�• per[urmancc o( tht� nbli�;,�liun in U�ic murltiu�;c �+r iu tlir nutr s�•curvd Ihrrcl�, i Il�r Alnrl�a�c�• �hall I�r rnlillyd tu d��clari� ihr
<br /> dubL saoured h�•rrby dni• nnd p;�yn61r �oifhuul nutice. aud thr 11ort�;:igershall b�� r� .� rtlr�d iu i�.< uplion. ��ithout nnlicr, eiiher by iLrl [
<br /> nr by v� �eccivcr ln bc nppuinlcd by thc cuur� tht�nr�f. :md ���ithuut n•;;� ni In lhi• a�LK�uacy �d nny �r�curitv (i �r thr indi•61r�dn�•s� =e.
<br /> rurrd herebv. tu enl�rr upun and Wke Pusrssiun of � he murtRal:��d premis��s. nnd �n i•nllect und r� �r�•irr thr rrnts. i.<�n��� nnd I�ruli�s
<br /> �horeuL and apply lhe s:unr. le.i cus�s o( uporation :md r��llectinn. upnn tlie indi�bl�•dm•ss �ci'ure�d hp thi+ rni �rlgaqr: sz�id mid �.
<br /> i.surs i�nrl prufils IH�int� hrreby nssi�;ni�d �o lhe \lnrlga�c�• m: Girther crruri� p fnr ti�a pnynu�nt n( all ind��Lirdnr<. a•��un� l h��rrb�'.
<br /> The 1lurtga};ce sh�ill l�ave ihe puwer tu :tppoin[ anY n�;rnt ur aK�•nl. it rn;ry d��sin� (�a Ihr pur�rrv.r of rrp�iirin� riid prrm-
<br /> isrtx: rrn�in�; ihr vdmr: cnllec� in{; lhi• rrnls. rr�venue. ,utd incomi�. �md �l m.�y pnv uui o( .,�ud mrunu• �ll � � p� n.r.� incurmd in r��n� � .
<br /> iug iuid mm�ugin{; the hame and o( colivchn�: the rrnlal+ thrro( rum. 'Ch�• 6.ilana• n•mnining. if anr�. .�ii JI I,. a{,plird tuw�.vd the '. )
<br /> disch�rKr o( ihe niori��I�i• in�iehlrJnr,c. 'I'hic as.ignment is �o trrminnle nnd I�rcnnn• null ;iml � nid upnn r�•I���rv�� ��t Il�i� mnr� F���:r. . . ' 4. �'t , '�,
<br /> � . � , . (V v. ..
<br /> The I�9urll;�Rei� 7nay rnllicl :i "latr chur�;e.. nul lu raree.d Fi� �• ( '�vnl,r- 1 ic ) fur r+ich dnllar 1 � 1 .(Nl) nl r:irL luli�l �nuutlil�� . j� .r
<br /> Lpirvmenl mun• lhnn IS J��•.s m nnr.�r, lu � u� i•r Ihr rsfrn r� p� n.�• uin�l � rd in 6nndlin�: rlrlinqw�nl :�rcnunl. �
<br /> .All paymrntK nvtdc undrr thr pruci�iunti of this morl4a;;�• nr � I•.� • nnlr h��roL�� srcurrd. �.hii•6 may b,• rnn.Uurd :i* inlor��<I . � •.F-��,.
<br /> �h;dl nnt . in tho ;y;tirrxair• avrr iho trrm Ihom��f. ���c��rd th�� r:d �• Ih�d m:n� n� ne h�• I:n��lully c�unlr;ielr•d fur in �� ritin�;. � �,1
<br /> C
<br />�. - � ' 1 ':- � .
<br />+�� �
<br />` $ �~ �_
<br />; �
<br />' �
<br />-��
<br /> f
<br /> f
<br />
|