|
Y I �
<br />� j %d_ oo �� 4i ;�
<br />'� MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT �UE DATE. SUCH FREPAYMENT SHALL �E .
<br />$� �. APPLIED TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDED TfiE UNDERSIGNED ARE NOT IN DEfAUL7
<br /> AND ARE TNEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNEO, OR EITHER OF THEM,
<br /> PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 300% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO•
<br /> HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVfSORY AUTHORITIES TFIEN IN EFFECT. ALL SUCN ADVANCEMENTS
<br /> �. SHALL BE SECl1RED BY THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE.
<br /> TH� D40RTGAGOR I'URTIiF.i{ COVENANTS AND AGREE5 :
<br /> ` � 7'hut the Mortg�gor will P�>>' the indr6tednc�ss aia heminbofurr providrd. �
<br /> � Thtd Ihe Murlgngur is lhi� owner n( said P���>P�'rty iu feo sin�plr nnd hns �;u�ul righl and I��w(id aulhurit�� In sell nnd
<br /> . convev ihe Feme xnd � hirt the same iti free und clenr of �mY lien or i�ncumbrmirr: :�nd th:d �1urlF'o�;��r will wa�rrnnt aud drfrnd Iho
<br /> litle lo anid pri�mises ag�iinst thc claims uf all pursm�s whomsoevre .
<br /> � 'Po pay immi�diutely whi�n du�• mid puytable all K�'��E'ral ti�xes. spocial taxes, sp�•rinl ass�•s�meNs, water charges, sewcr serv- �
<br /> ; icr r.hntges. .tnd utlier tssns and charges +iKtiinst snid property . and sll taxrs Ievii�d un Ihr dr�bt srcnred here6y, :md to fw•nish fhe �
<br /> MortgaFee, upun mquest , with the• uriKinal nr duplicElle rrcripts therefor. 'fhe �1urigagor ngrees LhaL ihrm shall be addttd lo
<br /> � each monthly paymrnt reryuired hercundor ur under the i�eidcucc� of debt securcd hereby nn amounl oslimated hy llu� Mnrlgagce
<br /> to h� .u�ci�n6 lo ennble Ihr Mor�g�gee �u pay�, as thcy becume due, all �axes, assi•csments, and nimilar chavties upun lhe prerm .
<br /> � ises subject iherel.o; any de(icien��v Lnc;mse uf thr insu(tieii�ncy of surh uddiliumd P�iymenls =-h:Jl be (urthwi � h di�pusitad by thr
<br /> � Modgugor ��'ilh thr M1lorlgagr,t� up��n dernand by � he Morlgngec. Any d��f:uilt iu�d��r ( hi, pnr.igruph shull be dcrmod a de(ault in
<br /> � paymrnt of l:�xes. nssessm��nls. ur similur clmrgos rrquir��d hiveundrr.
<br /> �� : "l�he �lurltiak��r atire��.s �hat thrm vh�dl :il.n br ndd�•d lu i�nrh monlhly paVmrnl n( princip:il nnd inlerest requirrd here�
<br /> ` - under an zimuunt estim��ted by Ih�� :Uurl�;ngce lu br sulfici�•nt in enable l6e �lorl�a�i�e in pay. �u il brcumrs dur. fLe insurance
<br /> prrmium on ainy insurru�cr policy rL�livrmd to lhr �lor� gs�;c�•. :1ny delicicncy b�•c:wsr� of lh�� in=uHicirnry o( such additionol pay'
<br /> menls sL.dl br (urthwith depnsited b�� lhr '�lurtgt�tiur wifh lh�� �lur(ga�;�•e upon dvmayid Ly th�• M1lurtguper. r\ny drf��ull under this
<br /> par.�graph shall {x• drrmed ti d��(nult in th�� p.iym��nt u( in�urm�ce pn•miums. I ( thr pnlicr ur pulicii�s dt�pu:il��d �� m such ;�s home-
<br /> . owuera or all risk policie,, �uid lhe depn.ils arr. insu0icicnt tu p�+y thi� �•nlire prrmunn. tLr ASnrlgaqre may applY tlu� deposit tn
<br /> �, pay prrmiums un risks requirrd fo be� in,ured Ly lhis mnrt�n�;e:
<br /> r� � Pavm��nLv made hy lh�� A1url�;fi�;or w�der the aLovr p.ira�raphs mny, at thr optiun u( the iVlurftia�;��e. b�� hrld by il and
<br /> �' � cumminglerl �+•ith other sueh funds �.r its o�ti�n funds (ur thr pnymi�nt uf ,uch ifi•ms. :md until su applii�J, such paym��n�s ;ve h��mb�•
<br /> � pied�;�•d us serurity for the unpairl 6ivinnco n( lhr mnrt�;age indrhtednr.s. �
<br /> F
<br /> , 'I'<� prucure. drliv�•r lo. and muint:iitt for fh�� benr�it o[ the ;�1urtYagee durin�; Ih�� li(�• u( Ihis murl�;a4e uritiinal pnlicir; :+nd
<br /> i
<br /> - ri•newals thrrmf, deliverrd ��l Ienst l�n days Ix�forc� th�� expiraliun n( .�n>' such pnlicirs. in,uring a���inst (irr and ulhrr insurnie
<br /> - ' hnt��rds. casunities. und cuntingrncirs ns the bfurlgagec nu�Y rrquire. in an amuunl eqwil tu th�• indebtedness �ecurrd hy this .
<br /> Mnrtgaga and in cnmpanies acceplable to th�� hlorlgager, with lo,s p»yii6lr clz�usr in (n��nr of :ind in fnrm accePtablv lo ( he Dlorig��•
<br /> � gi�i�. In lhe event any policy is nul renew�Yl un or be(urr ten d.iys ut ils oxpirufian. Ihe• �1lnrtgageu muy Prucun• insurancr nn thr
<br /> � imPruvemenls, pay the premium lherefor, und such sum s6:d1 becume� imnu�dint�•ly dui� and payable �eil6 intere,t at lhr rede set � .
<br /> `�� (nrth in said nnte until pnid nnd shall Le s�•cured Ly this murt�;a�;r. Puilure un Ihe parl uf th�� n1urt ;;a�or �u furnisl� such rrnewuls
<br /> ns are hitrein reyuired ur (��ilure lu pay any .=urns adnmcrd 6ereundor shall. aL thr oplinn ��t thi• Murl�;ntie�•, cnnstifute a de(�ult .
<br /> � under � hu ternts uf this morlCag�•. '1'he drli��ery u[ such policirs ,hall . in Ihr rvvnt n( dr(aulL eunsli[ute nn un,si�;nmrnt nf Ihe un�
<br /> r � earn�Kl premium.
<br /> �. Anv sums mceivcJ by lh�� MurlgaRec by rr�uou uf Inaa ur d:imn��• insur��d against mny h�� rrt�im�d 6y the \inrtgagee
<br /> � tuid �ipplied foH�urd th�• pa}�ment uE lhr deb� Lrn•by xecumd. uq :d thi• uption �.d ihi� \torl �;agei•. such sums �•ither �vhully ��r in
<br /> part map he paid uret tn th�� Mnrtgxgor lu bc usi•d In rrpnir such buildin�;; ur tu build m•w buildintis in Ihi•ir pL•�cr or (��r anq
<br /> 3 nthi�r pu[puse or ohjocl vriisfoclury (n Uu• 11� �rlgn�re withnut a0�ertin�; thi• lien nn ihe tnar� t;a�e (ur thr full amount secure•d hi•m-
<br /> �. by br(urr such �>ayment rvrr twik pince.
<br /> E
<br /> . 'j'u prumptly rrpair, rc•ature nr ri•build :niy 6uilJinps ur mipruc�•nx•nl-s nu�c nr hen•aHrr un � he pnani>u•s ti��hich may br.
<br /> enmr damu�;ed ur d��slruyed: to 4:cep s.iid premises in �uod condiliun and rep+�ir and (rre (rorn any m�•chanir.'s lirn nr olher lirn nr
<br /> i . rlaim of licn nut expressly �uburdinntrd tu thc lirn hrri•uf: nul fo sidTrr ur p�•rmit nny unl;�wtul use uf nr an}' nuisance lo i�xist on
<br /> snid propert>' nor lu prrmit ���:isli• un said prrmi,es. nur In ilu any ulher acl wh��reby thr pruprrly hrre6y c��nveyad slmll IH�romi•
<br /> Irss valunble. nur lu diminivh ur impair its value by ;my :�cl nr omi,+inn fu arL: In complc ���ilh ;ili rrqnirrmrn�s uf I+�w with resprct
<br /> to Ihi� morlgnged premises and l6e use fhvn•of.
<br /> C
<br /> � 'I'hat should tl�e Premis��s ur an}• purl thrr��of In• taken or dumntic<I by mnsnn n[ eny puhlic improvoment or eondemnalion
<br /> �� . promeding. ur under Ihc• right uf eminent dumuin, ur in anp nthrr manni•r, lhe 1�1nrtt;a�:rr shnll be rntitliKl �u all cump�•n�alinns,
<br /> rnvards, und uny u�hrr pnyment ur ndief lhrndor. :ind ,Iiall 6r entitl�•d. :rt. ilc uptinn. tu cninmrner, :�ppe:ir in �uid pr(n�sule in its
<br /> s own name anl' uctivu ur prnereding. ur to mxke f�ny cumPromise ur setllemi•nl in cunnrcliun wilh 4uch tukinti ur damage. All ,ueh
<br /> > compensalion, nwards. damng��s, ri�hl of uction and pruce�•ds an• hrrel�y :+s;ign�•d tn the Rlurtgagee, w�ho rn:ry. :dier deductin�
<br /> i � thcrefrom all its ��xprnx•s. ndease nny mnmys su ree��ive�d Ly il ur :�ppl�� thr sunu� un any indrbledness s��cured hcreLy. 'I'h�• \lnrb
<br /> �Hgor n�reeF lo ezecute such furlhrr a�nignmenfs o( any compims�diun. aa��ird�, dnmugrs, and ri�:hls u( .icliun :�nd proc�•rJc ;as ihr
<br />.. � � i�lorttinguu mny r�•quirc.
<br /> t
<br /> 'I'hut in cuvc uf (ailum tu per(onn :�ny ol tlic ruvrnanls hcrrin. thr Rtnrttiagec may du un lh�� \lortg:��:ur's hrh:d( i•vrn• lhinti
<br /> - �n crovennnted ; that thr \1orlF�F�'�� may :d.o do :my act it may deern ni•craw�ry tu prnt��cl � L•r lii•n lherenC fhal thr \lurtgatior u�ill
<br /> rrp�y upon dannnd uny muneye paid nr di.buned by thr Alortgaf:oe (ur any u( thi� nLuve purpus�•+. nnd such nn�ney, tutirther �+�ith
<br /> in�erest lhereun nt thr r:de providrd in suid nole sh:ill becume su much additiomd inJebtr<iness hrreb�� ,��cured :uid m:�y be im
<br /> j cludcy! in uny dreme fomclusin�; this murlgape nnd Li� pnid uul uf Ihe rrnl, ur prucerdn uf sali� nt said premis�•s if nul nthenvise
<br /> �t paid: that. it shull nut be obliga�ory uV���� thr A1url�;ug�K+ lu inquire intu lhe v:didify uf any lien. encum6rancen, nr claim in nd-
<br /> � vancint; muneyn n. aLm��• ;mt6orized. hul nulhing herrin cunluinrQ .h:�ll Ix� con.trui�d us n�quiring thr \1ort ;;agev fu .id�•ana• any
<br /> muneys (or mry such purpose nur ln do miy art hr�rrundrr, and Ihnt 11nrlg:+�re shall nu� incur �u:y p�•rs�nu�l liubility bi�<•.m=�� nf :my.
<br /> thin�; it m�n' dn nr umlt �n du hrrewidrr.
<br /> In ih�• event uf thv de(aull hy �lurtgxgur in Ih�� paym�•nl uf nuy in�l:Jltm�nL �a.. rrquirvd hv ; h�• Nnte s��c:ur��d h�•rv•by. or
<br /> . in the perfurmunce n( ihr ublitiation in lhi, mnrtg:��;c� ur in thr nut�• �ecured (h�•rrhy, thr Nurl�;a�;ee shidl bi• entitli�d �u drelare ihe
<br /> dvbt secured hereby duo :md payable withuut nulic��. aud lh�� \inrl �:ntiee �h:Jl Li� �•nti� lod nt its nption. withuut nutic.�, ��ither hy ilvell
<br /> ur liy n recri�•cr tu Le nppuinled by thc cnurt thrreuf, tuiJ wifhuut rr�;aird lu the �ideyuucy uf am� s��curih� (nr Ihr indrbtrrinrss u•- ..,,Yi . ,
<br /> cunY1 hrreby. to rnter upon and tuke pn.sessiun �>f th�• rnurl�;a�ed premisr:+, nnd tu cnlli•ct. ��nd rrcei.�e Ihr rrnts. is.ues nnd pru(its ' . .
<br /> thrreof, und npply the �iime. Icsa cults uf uprralinn .md rullection. upon th�• indebl��dm•ss ��•currd by thiv mur� �;al;�: ��id n•nth. , N -x. '�� �
<br /> L i.,uos xnrl profi4c fx•ing hrrchy itssi�;ned lo the htnrtg:�gi�r nti lurlh��r �i•curilv (ur Ihr po� mrnl u( �dl indvbl��dnr�� <� �•umd herrb>'. � '
<br />�'- � 7'hr Morlgaga� shadl hm�e lhe puwor to iippuint anY :i�;cnt ur aFr�Ns it mny �Ir=irr fur lho purpu>�• ��f rrpmnnt; u�id pn�m- ,¢ . _
<br /> iwKs: ren[inK lhe �:nme•: adlectin�; the rrnts. revenues nnd inr�mx•. �uid it may p:iy' ��ut �rf •:iid im���nu� nll �•rprusrs incurn+i in rrnt- �" - . .
<br /> ing and munagin� �hi• sanv und uf adl�•ctin�; thc n•n�alv IV�eraRom. �Chc L:�I:inn• rrmainin;;. if nny. �L:di Lr ;� pplird I� ����urd Ihr � �
<br /> ` . disrhnr�;e of lh!, mnrlgn�;c indebl��dn��.s. 'I�hi. ns.ipnnxart ie tu t��rmin:dr and I��o„m�• mill and � � �id uP� ��� mL•:i.r uf ihi: m��rtgag!'. ^::
<br />��
<br />�`�
<br /> .-. t
<br />' °q � L �
<br /> . L
<br /> C
<br /> f
<br /> �
<br /> S
<br /> �
<br />
|