|
r
<br /> i
<br /> � �/ti'•
<br /> . . _ "..:i...xe
<br /> u �
<br /> F �.. �
<br /> 7�_ 003304
<br /> 7'Iii; n4ORTGAGOR rUR'1'III:R COVPNAN7'S AND AGI2EES:
<br /> � 'I'hat the i�torigngor will pny tlir indeblednnsv �s hereinhr(un• provided. � . ,
<br /> C T6nt lhr hlorttia�or is Ihr owner nt vc�id property in (ce simplc +� nd Pias gurxl right and I�nvtul aulhoriq !n s��lt nrtd
<br /> conve�v 1he snme �nd lhnl ihe saimc is free iind cle:v of iiny lirn or encumbrnncr: i�nd t6at \lurlt;ngor will wnrraN :�nd drf�md the . .
<br /> tielt� to suirl �,iremises ngninst � he cl�iims o( :ill persons whomsoevec � � .
<br /> "Po pay immrdiutely when dur nnd payable n�( 4onord lazes. spe�cial 'tazes. sPecifll assessmrnts. water chargra. sew��r serv- . . . . .
<br /> �' i�x cherF�� and ulher t:�xe� i{nd chnrgesagi�inst wid prnperly. nnd ull t�ixns Irvi��d on the d��bi securrd hemlrv, and to furnish the .
<br /> � . blorfgsgee, u�wn mqucsL with the nrigint+l or duplicain receiPts thrrrfor. 'I'hr Mortgagor ngrecs thut thrn• sba❑ be nddeci tu . .
<br /> �ach monihiy psymcni mquired hrreunder �re under the evidencf� o( debt �;ecured ht�reby nn amount. rstimafed by lhe 6lortgagee � - .
<br /> to �+ autTicient to envbli� ihe nturign�;�c to pay. as tl�ey becnme due, xIl v�xes. acsr�aments. nnd similar chnrges upon � hr pmm� . . .
<br /> i�es subjecL �heretn; uny deficiency bi�enuse of ihr insul6ciency of ;ue}� addi�ional paymi�n�s shell bi• (orlMeith depo�iird by thr . � � � .
<br /> � MorlgaKor with the 11ur�{;.�8er upon demnnd I�y the Ainrtgagea Any di�(aull undvr Ihi� p:�ra�r:�ph .h�dl he di�iani�d a defaull in �
<br /> p:�ym�•nt nf t :ix��s, u;ses,mrnt,, ur similar eharge; rrquirvr( horeuudrr. �
<br /> � 'fh�� jlurtti��gnr s�rc�•s ihni th��m shall ;d.�.; br :iddvd ( u rnrh monthlp p:tymrnt n( principrd :ind intcrr�t rryuircd hem- : � . � � .
<br /> undcr :m omiount e?limated 6y the �f��rtgakec• e� br .ulfici��ni tn t• nabl�• ih�� n�torl;::�p���� to p<<v. as it brramrs due. Iho in+uranre . � . -
<br /> � premiwn �m arw insi�n�nce pnlicy drliven•d tu thr �lor� ;:agoe. �lny drlirieni•p bi�caucr u� ih�• insuflirirnr�� nf sueh :idditinn:d Pa1'-
<br /> � m��nis shnll 6r (urt{twilh drposi�i•d L�� thr \4urt�;a�ur �cilh t6r \lort;;�i:;��e iqmn drm:md b�� thr illurt;;agi�r. :\ ny dr(.udt undrr � his
<br /> pura�raph shell b�� dremrd u d�dault fn � h�• P:�)on�•n ( of insur;wce prryniwtts. 1 ( lhr pulicy ur �iulicie. il�•pu;it��d :irv .ueL us hnmv- . .
<br /> <�wners nr all ri.k y��licie<. and thr di�pusils am iusuttieirnf tu pnc � hr rn� irr premium. th�� AInctt�a;r�� mu�� appiy Ihv d��pn;i� tn . .
<br /> � pay prrrniunu un riskv re�quin�J tu bi� in-;urrd tp- fhiK mnrt�a�;r. .
<br /> � Pavmcn(s mude by thi� Alor(�;agur nnJcr thr .�bnvr p;irnKraphs m:�}', nt thr uptinn nf thr \�lurt�;:�gt���. i��o 6ald Lc il and . .
<br /> � eumntinglyd wilh ofher such funds or itc o�vn funds fnr tF�� paymrnt „( :urh i �rm�. anJ uu� il su applird. such pa}'m��nh arr hrreby . � . .
<br /> � ��ilcKl��•d :is securih� lur thr unp:ud b:d;uu•i� u( th�• mnn4:u;r indrbt�dm�sn_ � . . :
<br /> To prncurc, di•lict�r lu, and muiniain (ur lho b��m�lil u( Ihi� A1orl;;a�;eo durin�: th�• IiG• uf this murtgnqr un;;in.d pulicicK ;md . .
<br /> � n•ncwals thrns�L di�livcrcd nt Irasl lc�n d:r:s bi�(urc [hr �•spir.uiun n( auy .uch p�,lii•i�•s, insurin�; a;;ain,[ firr ,md othrr insurahlr � . .
<br /> hazards. c:sualiics. and cuntiugenei��s ai. thr AIorlFakee muy rrquirr. in au :imnunt equal to the indi•btedness �rciurd 6y this . .
<br /> ' ntortgnge, nnd in rompanies ai•reptahle In Ih�• A1uri�;a,ei�, with In..s payablr i9aus�• iu fa�ror u( and in lorm ncc��plable to Ihe AInrttia. � � .
<br /> �ee. Iii ihc �•vent :my pe�lic�v i. nut rrnt•�erJ un ur bofnrr• ten d:iys n( ics rxpir:uiun . t6�• \lurl �;ages• �nue procurr in:urance un th�� . � .
<br /> imprueements. Pr�y lhe premium � herr(ur. and surh sum ,hall becnmr immedieitely dur .md pnr:�bir ��itti in (i•re,t :d lhi� rafr «�t . .
<br /> forih in x:�id notr uulil P+�id and shall Lr .rcurrd ba ihis mnrt;;a�c. F:tilurr un ihv �iurt u( ihi� hlurltiu�or Iu (urni.h such rrnr�.vals � . .
<br /> a, .arr herein requin�d or iaflurr to pay any sums i�dvaneed hrmunder shali. nt lhe upliun nf th�• \lort ;;n�cr. ����nstitutr .i default . .
<br /> � under lhe Irm�s <�f � his nu� rlt;;��u. "i�hr delierry n( di�rL pulici��s shall, in tho rvia�t u( did:iull. cunstitulo nn u.si�nnu�N uf th!� nn� ' .
<br /> . ��nrmYl prc�mium. . � � �
<br /> - �1ny sumn rrce�ivr�i h�� ih�• ;11orU:a�c�- by� rr:�snn a[ lnss nr dumut;r imived xgninst may he n4,�inrd 6>� itu• \lurt;;a;;re � .
<br /> . ❑nd applied tuH•ard lhr p:�ymrnt uf thr dcbl hrrrb�' .rcured. or, al lhe optinn u[ lhe \1origagec. such sums ��ilhrr wlnJly or in . .
<br /> - ' pnrt mna br paid uv��r tn lhr :�lurtx���;or tu 6o uaed tu ropc+ir vuch buildings or tn build ni••.v huildings in lheir pltirr ur lur :my . .
<br /> , uthor purpose ur ubji•cf satisfuc3ary tu ih�• AInrlg:��;ee wilhout ulioctin�; th� li��n un Ure m� �rfti:�ge for thi• full �vnuunl =reurrd h��n•' . , � .
<br /> � by hr(un• surh p:q�mi•nl en�r tuuk place. .
<br /> 'I'n promplly n•p:iir. nsturr iir n•6uild any Luildin;;� �� r improvvment.v nuw� un c�mah��r ��n Ilu� prvmi>�•.; ���hicL n�ay br- . . . .
<br /> ' � = i�nm�• dama�;i•d �ir d�.troyrd : tn krop s�id Premisev in ;;�x�d condili��n and rrp:iir ��nd [ree Gmm �ny m��ci�:inic', liF•n ur uth�•r lirn ��r . � .
<br /> �� ��Inim of lirn not �•xprr..slp subordin.�f�•d lu Ih�� li��n horeoL nut 1 �.� .u1Tor ur pormit :u�v � nlx�viid u=r uf ur anr nuisanr�� lu r� isl un
<br /> '� snid pruperh� ni�r lu prrmil ��:i�le nn +�:ud prrrn-��n. unr � � � du an�• u� her .a<�t �vhr�n•Lv ihr pro�ierty herc�by roncry�•d sh;dl F��com�•
<br /> �� Ir-:: valuahle. nur �u dimini:h ur imUair its value I��c nn}• vrt �� r omi..inn h � :ic� : in rnmplc �cith :dl rrquin�mrnts of I��•,r �cilh rr;pi•ct . .
<br /> � to ihe mnrlFatied Premis��s und � he u��� Ihorc� �L � � .
<br /> }
<br /> . Thut shuuld th�• pretni:c; ur au�� ��art �h��n•� �� Lc t:du•n � �r d;uuu;;cd hc ri �asun of an}' pu6lic imprnvi•m�•nt or cond�anna� inn
<br /> � procecdin�;. ur undi•r t6e ri::ht uf �•nun��irt dr.m:�in. ur in any ��( hrr m;iuner. ILr :\lort��„ce sliall 6�• vuiiUcd �o :JI cumP�•���:�tians. ,
<br /> :��rurd�. �md uny ut6er paymrm ur rrli��( tLi�re(or. :md �hali bi� enti� lyd, at i�.s nptiun. tu r.ommencr. a��pexr in and pnr�Yvte in i (�
<br /> r. . � ��wn n+�me anp ac�ion ur prr.c�•t�din�;. or io tn:ik�� nny cumprumi;�• or setllemrnt in cunn��.r� iun wiih �uch lakiu� ur �L•mwr;�•. All such
<br /> � c�omprneaiinn. u�+�nrds. d�un.�Kc,. right uf :�ctiun ❑ud pruc���vl. �u�� h��reL>' a�,i�;nrd tn lhr \1 � �rt �;u;;c•�•. ���hu m;���. :�Rrr doduciin�;
<br /> �, Iher.�Irom all its o;;pvru�•<, nd�wv� ;uiy num�•7s su rvcriw•d b}� i ! nr upply thi• .ame nn any ind�•Ltrdn�•.. =��currd luveby. '1'h�� �l ��rl -
<br /> � ;;��gur agree< tu rxeculr such lurth�•r u•<iKrimrnf. nf an�� rninprn::�Unu. a�c.� rds. dnma;;�•:. �md riqhls of ac� fi �n :�nd prnerF�d+ �r th�•
<br /> ��. � T�IurlRaqe�• m�ty rryuin•. �
<br /> 7'Imt in caae o( failure to pedurni any u[ the ������enants herein. tLe '�turtgagce muy do on the Alurtgagor'e brhal( every-
<br /> � � � � hine sn covenanted; lhat the 1lorlgatiee mny ;dsn do any ncl it may deem necessnry to protect the iicn therrof; ttmt ihe \tort-
<br /> � �;:�gor ���il! repny upon demand :my morteys pE�id or disburs�•d by thr tilorlgagec for nny of the aUuve purpi�;es. and sucl� moneys
<br /> : iogelher with intrrest thenron at the rule provided in u�id note shall becvme su much additionnl indebtnlness hereby secured nnJ
<br /> � may Ix includcd in any di�cree foreclusin�; this mortgnge and be paid out of the rents or pruce�vla uf s�le u( snid premisea i! not
<br /> � nlhenvise paid: nnd tfud \torlR�4:cr shull not inrar nny pennnal IiabiliLy becausi• o( :mylhin�; it m+rv dn or nmit to du herrwider.
<br /> [ n tlu• event i,f tbr de(ault b�� ;�lurt�;agor in U�r p�iymcut n( :m�� inal:dlmenL :u n•yuired 6y thr Nutr .rvumd hrrefry, nr
<br /> � in lhe prrformana• of the u6li�atiun in this murigoy;o ur in ih�• nuli� s��currd thrn•hy, fhi• Uort �;a�;r�• sh:�ll hr ��ntitlyd fn d��clarr thr .
<br /> d�•bt secured lu•mby du�� and pny�Ll�• �vithuut nulice. and llu� \1��rtgag�s• .i�all hr entiUi�d ni it� �q,tiun. ���ithuut uutic�•. eilher by il>ell
<br /> nr by a rcKriver lo Im eppuiidi�el bq the courl lhrn��f, arid ���ilhoul rrRurd tn th�• ride•quacy u! :my .��cunh• f��r tlu� indebtr�lncas u�-
<br /> � cnnvl hrreb�•. tu rMor upon und iak�• pus>essiun u[ th�� murt�;�ped pnanivi�,. �mrl lo i�ollert and n°ceice 16e rrnt.,. is.ue� nnd prulits
<br /> � thereo[. and apply the .•sme. Iecs co.is r.f uperatiun eud �vdl�•ction. ❑ pun � he indrbf�•dnr.a :��cun�d be lhis m, �rt �uge: ::�id rrnls.
<br /> �. i��ue� imd prufits lxins hereby ;�ssignrd In thc \lort�a;;c�� a, further �i•curit)� far tlr. pacn�rnt ��( all ind��bt��dne.s =n�urwl h,•n•by.
<br /> 'I'hr lfurt�agre vh,dl have the pow��r to iippoiuL unp uticnt ur atirNs it may d�:=in• L ,r Ihe purpu�c ��f r��p:unny: v�id pr�•m-
<br /> ises renting lhr �umr: cullcelinF th<• renls. recrnuee :md inr�mie. nnd il m;iy �;.iq uut of a:�id incume :� II r� p��n..ca ineurr�+l in rvnt- i
<br /> �. inR and mnnsging lhe same and of cullecting lhr renhil� Ihrreiram. 'l�hr� halnnce r��m,einin�;. If .my, sh:dl b�� nppli�•d fuw:ud lhe �:.:. ! r: ,?„r' .^ .
<br /> di:chaargr n( the murtgnkr indeLtedne:c. Tl�is n.c�ignmrni iti �o trnnin.dr and Ix•enmr null nnd cnid upnn rrL.:�..• o( this mnrtita;;e. � � xl: ..; �.
<br /> � . . �{ i'}� .
<br /> . I . T6c rtor�Fage�� mat cullccl a " Intc cimr�:r" nul tu vecrcd Fi� r fla�ts � :',cl L�r �•nrh d��IL•� r I � I .IXn � �f �•�udi b ��nl mm�tlJ�� , � � � , .� .
<br /> LNn� mrnl mnrv lhan l .i d.vv.� in arrr��r lo ruvrr thr oetrn ��xp� n=r u�� ni� � d in handl�nl; d�•limpnad vrcvunt. �
<br /> . . . .:i`-. ,'
<br /> Ail puytnrnfs madc und��r thr pru��isiun� ��f lhi, nmrlF��Fe ur Ih� � nut�• L�•rr6y .��cur�•d . �. iiirh m�n� br c„nxlru��d a� im;�n•.1 . .
<br /> shall nul . in 16r :��;y;rrgati� orer IL�� Irr:n Ihrnvd, t�xci•��d ih�� rul �• that nmy u;no in• In�vtull �� r�.�ulrarlyd G�r in �.vriiin;; .
<br />, �
<br /> - - �
<br />'�
<br />.�
<br /> r •
<br /> �
<br /> 7
<br />
|