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<br />>, 7b- Q03672
<br /> ASORiGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SFiALL 8E
<br /> APPLIEO TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDED THE U�DERSIGNED ARE NOT IN DEFAULT
<br /> AMD ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNEP, OR EITHER OF THEM,
<br /> PAYEE AGREES TO FURNISH TO THE UNDERSIGNED lOtl% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVFNCEMENT IS PRO•
<br /> H�BITED BY THE REGULNTIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS
<br /> � SNALL BE SECURED BY THIS MORTGAGE IN 7HE SAME MhNNER AND EfFEC7 AS IF NO PREPAYMENTS HAD BEEN MA�E.
<br /> ITHE DiORTGAGOR FORTHER COVENAhTS AND AGRIirS :
<br /> � 'fhnt. the A7c�,rty;sgnr ���ill puy th� ind�btrdn�ss e� hrn•inbrfore pmvid�•d.
<br /> . `Phat Lhe '�9odFegor is the nwn�•r of �aid prnp�rty in (cie simpli� and has gor�l ri�;ht and lawful r�ut4inrit }� tn �;«dl ond
<br /> ' rnneev the Same nnd fhat the� sauie is free nnd cli•ar of any lirn nr rncwnbrance: xnd lh�t \tort�agnr wi!I u�3rrant and do-f�nd the
<br /> � title tu yiid premisrv nRuinst the ci�iims nf all �h�reons wlimnK�e�•er.
<br /> . To pay immediately ���hen due nnd pnynhle all �enernl tuxe.�, sprrinl tnxea spt�cial osses,ments. N:iter char�;es, srwer o-rrc-
<br /> icw chxrgi�.. and nther t»ses and char{;es against suiti prop�rty, nnd ali tai�•s levied on thr d�•bt secured hrreby, and tn furnish the
<br /> . Mort�agee. u�wn n�c�ucsl. �rith the wiginal nr duplicalr r��ccipts the�re(or. 7'h�• A1ori �n�or a�rce, that them shnll hi• added tn
<br /> . each monthly pvyment required herrunder or under the �•��idimce nf d�•bt s��cured hen•by :m :unouni estimated by the �lorigage•e
<br /> , to tx• .ufficit•nt tn enabl�• 1he A1ort;;agee to priy. n; they hecumr due. all taxes. as.e,unenis, and ,imilar rh:erRes u�in thc prem- .
<br /> ' ise9 subjrcl t}��reto; a�p� drficiency tH�cvuse of thi� uisutTi��iency of surh additionul puyments �6a11 6r tr�rth���ith deposited Iro th�
<br /> : !�forfKagor e�ith ihc ?�tortgagre upnn demnnd i��• thr \lurlgagec. Auy drfauit widrr il:is �mratir:ph :hall b�� derm�Yi a def:roll in
<br /> payment nf l:ixes. :s,aessmrnls. or �imilar charee, n•qi� ir.•d hrr��undi�r.
<br /> . The �lurlg��;nr ayrr�s ihat ther�• shall tJsu la� sddrd to caeh �nonthly Paymen( �,[ Prinripal and inl��n•st rn�uimd here- � .
<br /> . under an amow�l �•stimnted by th�� 41nrl�a�rr to b�• .utiicient tu .•natile thr A4�,rt :nger in p;i��. a= n becY�mr� duv. ihn imurnncr
<br /> . premium on any insuranca pnlic>' drlicerrd tu (hr �lnrt _a;:�n•. :1ny ;iclicirncc hrcaus�� nf th�• i:�<ufliciency ot such additional pay'.
<br /> - ments .hall M� furth�cilh di•posflyd by' the 4lortguC��r ��.�ith the `,tnrtga;�re upun drmayid b�' �iir Aturt�a��nr. Any� d�.fault undrr Ihi�
<br /> ' par.igrnph ch:all Iw� d�rmeri a d�.fault in thr pa��mrnt oi in:urance Prrmiums. 1 [ lhe �mliry� nr p�.�licies drpo:ited rirr� :uch ac home-
<br /> � own�•rs r�r all risk �miicin, and ihe dr�x�sils ar:� in;ul3icient tu pa>' tho �mtin• pn•mium. ihe \turtea„ee ma>� ;ipply thi� dr�Mcit tn .
<br /> p:�r prr�miume on risk. requinr;! tn L�• in:ured }�y this morlca;:c.
<br /> Ya��ment; madc bg Oir �iurt�agor �indrr th�� uLoc�� p:irti;;rnphs m:iq. at ihe uptiun nf tho �tor��:a����•. b�� hrid h,q it and
<br /> . ��nmmingled �cith odtrr sueh (unds or it= ntvn (und= fur thr pn)'ment n( sui�n it.�m�. anri until s�� applied. surh p��ymrnts nre b[�rehy
<br /> . plrclg��1 x, ;rcurity for � hr unpaid l�alnnrc ni ih� mnrtca�e indrbt��dnccs.
<br /> �� 'Co prucure. d�•liecr to, nnd mainfain (or thr• b<-m�fit ot the �lurtga4re during the lii�• of lhi: mort �;ape ori;;i�wl P�:Gei�•s nnd
<br /> reni•wals thereuf. delirrrcKl ut li•ast ten da>'s Ixfnm the expiration ot any .+uch pnlicirs, in>urint; against [ire nnd othor msurable �
<br /> � hazanis, casualties, und contingenci��� �s tlie 11ort�:a�;ee map rrquire m an umount rqual tu the indi�hledness ���cured h�� ihis
<br /> �� A1urlFn�e, and in eomp�3nies nccept�+bla• tu the V nrtia_c•e. �vith In.. y�i}�able clt+i��e in [a�•ur of and iu form acceptnhlr tn the \inrtCa' .
<br /> � : gir. ln the even[ am• polir�' i� noi tom�w�c71 on �ir b�don• trn d.-n's nf ii: eap� rar.nn. thc• \tortgaF�v� may procure insumnce on ihe
<br /> �� imprcn•emcnts. pay tne premium t7�rve(ur. and such �um shafl b�r�me immodbit��ly du�• and pnp�ble w�nh interest at the r.dr xri
<br /> (orth in syid notr� unlil paid nnd ,hall l,� .rcured b�� ihi, moctca�;e. Fuilun• on tha• part ut ihe Atort;:agor tn furni.;h such rencwnl� .
<br /> . ns nre herein ri�uired ur fotilure to pay any -ums adcnnred herrim�lvr �I,nIL at the option nf the Stortga;:ec, c: �nstitute a deL•�ult
<br /> under tho terms uf thfs nwrc;;a� -r. 7-hc d�-li� er�� nf .uch p:,lirie; shall. in the c��rni ui dv(au1F , oun,�titute nn as,i;;umont nl th�� un- ,
<br /> ' cnrn�L3 Premium.
<br /> . An�� eum. n•cri��r�,l hv 2h�• �toni:i;:cv by r��.i.un �d In.:: or duma;;�� in<un•d :t�:ninst tna�• he� rrtainrd h�� ih�� Alurt«»�ee
<br /> �� . nnd nppliiKl t�nrnrd die pa>�men[ ui the drbt hon•i�)' .-<rurr-�i. nc :n 1he option ut the �inn ;:a�;ec. �urh aunu eithrr ���holly or in
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<br /> p�art map Fh• pald ocvr to ihe '.l,�rtgagnr to txe u���i tn rrpair =uch huildin�s or �n hu;ld ne�r LuildinFs m tivefr plac�� or k�,r uny
<br /> � rthrr pur�x�sr or obiec[ �.:�tfsfneton' to thr Alun�a�:r.� withaut :�fT�•ctin� thr lirn ,�n ihr mnr� t;ace inr thr, tuil anv ,unt =r°currd hrre.
<br /> ! by bafuro such �ia}�mcnt rvrr t�.>4: pluca �
<br /> 'Po prumptl}� mpair, rr�tor�• or mhuild an>� fwiidinRs or impr�n�emrnt.. nnw ��c hrr<•altor nn tiie premiwry wi:i�'h moc be,. . -
<br /> cnmr d:unaKi<1 or des� my<d : to k�•rp said pmmise�s ui pwd rundition and rep.ifr und (r��e (rum :any nr•rhanic's lirn nr uth�•r lirn or �
<br /> �s rl:iim uf lien nnt expn•.ly suLurdinat�•d to tiir lirn h��rrnC r�n tu sulicr i�r p��rmit anp unln..�ful u,�� of �,r �m7� nuicana� �u ��si.t on .
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<br /> caid propi�rty nor tu prmiit u�a;te nn v+iri premi�s. nor i�� du ;inq other ai�c ���Lerehy tk:,• pru�mnc hr�r�•by ��um�i�ced =l�all ix��Y�me
<br /> i Irs. vedwtblr. nnr tu dimini>h ur impuir ils ��:dar 1��� xn_: :+�'t „r omi�.io�i tn act : t �� cr,mPl>' �� ifti all r�-��uirrme�nls nf lau� .ei � f� n�•�{H�cL
<br /> t�� Ihr morl;;at;rd premivs a��d thc• usr tL�•n•of .
<br /> - �. That shuuld th�• premi<e: or any p:�rt thrm;�f }n• tak�-n or darnugc�.l h}� re•av�n uf un>� putdic improcernrnt or cnndemnatian
<br /> proceetling, ur under thc• risht u( ernim�N dnmain, ur in am• other manner. ihr ltrat;;agee =hall br ��ntiUed to :ill rnmpen�ations.
<br /> , � aw�anl,. and an�• nther p;n�mrnf or rrlie( Ih��re(oL and shall ire eniitled. at its up� i� �n. to cornmrnce. :�ppe�r in ;md prv..cut� in i��
<br /> �nvn name any actmn or Irrucxreding. ur to mukc nny cumprumt>c ur sculcrnrnt in runmrlion x�fth =urh ti�king ur dams�r. All such
<br /> �. cnmpe•ns�+tion. aw�ards. damn�;r-:. n�;h� uf .u�tiun and pra•e•�YL are h��reby a.:i�;ni•d tu thr \turt �ar;ee. Hhu may, A(t�-r deducting
<br /> � thcre(n�m ull iL es�!ens��,, r�Jc•av� anr m�,nep. +o cra•i���Yi F>� it ur apply ihe samr un any indrbl��dne.. svcurrd hert�6y . 'I�he �tnrt -
<br /> � gnt�ut xF�*'�'� tn rx.rcute sudi further .�s;iRnments � �f nnq comprn>auun. aunrd., dmm��r.. nrd n::ius of :+ction a�nd prnr�•�•ds ;u the
<br /> �1nrt�a�ee may r�K�uire.
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<br /> i Thnt in cn;e uf failure tu �x•r(urm any !�[ thr cu��rnants hrn•in. dr� 11nr4:u:ci• may dn nn the \1orl ;;ai:ur's brh:il[ rren�lhin�
<br /> .Ki a�arnnnteci : thal the A7ortgngei• rnt�y ulsu du rmy .irt ft ma>� d�•rm m•a•s��n' t�, prot�Krt th�• li�•n thereub lhni th�• A1ort�naur will
<br /> n•pey upun de�rwnd an>' muneys paid or cii:burx�d by �hr \turtgagrr (or am• n[ ti�r aho.�e purpu.:r<. and wch mnney, io;;eth�•r w�ith
<br /> interest thrreon nl thc rut�• pruvidrd in wid no;�• ,hali Ix�rum�� :u mui�F ndditfnn�l indebt��ine>; h�-r��hy :.�currd nnd may M� im
<br /> ,r rludal in any dcrre�c• (unr3osin�; t.his murlguge m�d tx• paid uut nf th�• r�•ms ur Prucc�•ds ��f sal�• o( said premi.rs if nut uthen��i��•
<br /> ptiid ; that it shall not tx� obligxtun� upon �hr \lurtccig�r lu inquirr intn Ih�� ��a(idiip uf nny lien. rncumErancr�, or rlaim in ad -
<br /> cancing mnneys x� aFxnr twthnrizrd, hut nuthing h��min cnntainrd .hall fw� cnn.trucii n. nquirin;; th�• \1nr�Ragrc tn advancr nn>-
<br /> moncys for nm such Pur{x,;w nor tu du any n<•t hrr�•und�•r. :md Ihat 41urt�nere shall nut inn� r nn>� ����n� �nal liahility tH�causr ��f anv-
<br /> � hing it mny do or umit t�� du hcrrundi�r.
<br /> In the, eernt of ihr dr(aiilt In� '�1uttRugur in th�• pa}'mrn � o( ar:�' nt.tulln:t•nl . 3. re�.� uinyl I!p Ihr \� d�� =��run•d Frtrbp. or
<br /> in thi� �n�rfomianer uf thr ulil�gation in tbis mortM1age� ur in tiu• n�, ti• ���c�ured the•n�by, thi• �1ort;cagee =hall br �-ntidrii t�� d�rl�:r ttu�
<br /> d�•bt sccunrl hen•by dur and pnyable W�ilhout nutice, und Ihe >Sorir:a�;i•r shal! 6i• rntitled al its ��ption. withuut nntirr. �•�Ihrr Ly il.�r•It �
<br /> nr Lp a ri-cvi���•r tn 1�• appuintcd by the• c„urt t}��•ny�L und Hitnnut regun! to the adryuacy o( anp «•i'unh� (ur tim ind.•blydm>c �.�- . •:"6 � . ^�.� .
<br /> eunnl her.•fi�'. to enl��r upun and takc pn.si•ssiun of the murtFaged prenu�es. :�nd lu coilit�t and r�rrici� thr mn� :. i<.u�•s nmi pr��fits � � N w
<br /> IhrrertL and apply �h<• ..amt le:+ cu.is of n�xaaUon �nd rdlerlion. ❑��un th�� indebt�•dnr�a .�. i'i� n•d bc Ih �= mnrt�, ��,r: said rrnts, � ,
<br /> L issue: nnd profits f�cin�; her� 6y xssi�;ned t�� thr �1nrl:;atrr a, b� rthrr securitv (nr lhe• pa� mrn! � ( :JI indrht� dnr.. .�rur�Tl henfiy
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<br /> 'l�hr linrfgnger .hall hnve tho pm.ve� lo np�K,int any :µ:rnt nr a�rnis it m:�ip ii���irr i„r llu• purpn:�• �:! rcP+firin�; >:ud ptem � � '
<br /> a` � � x - n;v wid if m�y pa� <-ut o( .�i,i in� . n �- :ul cpe n ��; inc-��r.-�. I in r�•nt - iQ �
<br /> w•s[ rrntln • the .rame: <7�II�ti�tint; thr rrnis. rrvrnur» anci ini�� ,
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<br /> ing and manaY,ing th�� .amr and of i � 11�•ctine 1 }u- rrnLds tn �•ndnm . Th.. i,.ilar.n . , i.i.iinin f �+ �n . i � �� l I��. npt�Le:i trr.card tl:<� � .
<br />� dSsc•herRr nf ihe mnrlCak�• �ndr6t�•dn��.s. 7�hi. .i.,icnrm nt i ,� , i ��r,nin�t�• �n�.d i . c ,•n.. n �L � ' ��:�. � i �: � i �L•,n.� � 1 ttu. m.•rt .. ,+l"•. -- .
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