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<br /> 7 MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY tNSTALLMENT DUE DATE. SUCH PREPAYMENT SHALL 6E
<br /> qPPLIED TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE NOT IN DEFAULT
<br /> AND ARE THEN THE OWNERS OF THE MtlRTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF THEM,
<br /> PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 100% OF SUCH PRINC�PAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO-
<br /> HIBITED BY THE REGULATIONS OF CHARiERING AND SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCH ADYANCEMENTS
<br /> SHALL BE SECURED BY THIS MORTGAGE IN THE SAME MANNER AND EPFECT AS IF NO PREPAYMENTS HAD BEEN MADE.
<br /> THG MORTGAGOR rURTHER CDVrNANTS AND AGRPF.S;
<br /> �� � 1'hat the M��rt{;aKor will pny the indebtednrss ��e hereinbrfore provided.
<br /> `
<br /> 'Phnt thc Mortgngor is fhe uwner o( said proprrly in te�• vimple and Ims gu�xl right Emd I:nv(ul nul6ority ln sell and .
<br /> : convev lhe snme and thal the same is fine nnd clesa nf t�ny lien or rncumbrnncr: nnd that. �1orlgagur will wnrr�nt nnd drfnnrl thr, � � .
<br /> � liLle lo xaid prmnises agaituyl ihe claims uf nll persons �vhomsnever. . . .
<br /> : 'Po pny immrdinlely whrn dm• nnd pnyable nll gencral ttixes, specinl tuxes, apecial :�45��asmenfs, water cherges, Sr.wer srn�- :
<br /> � ice charg�, nnd other taxes nnd churgrs �guinr�t snid proPr.rty, and all �nzes levi�•d on fhr di�bt secured hemby, and to furnish the �
<br /> Mortgagee. upon request. with thr, origined ur duplicate rrceipls therefoe 'I'he I�9ortgagur agrrex lhnt lhere +hnll Le ❑ilded io . . .
<br /> , et�ch mnnllily PaYment required hfrreunder or under �hc evid 'encr o[ debt sec��rcd hereby an amuunt r,limated hy �hc Mortgagee -
<br /> � to he nu(Iicient !o enable fhe Morl�;nRec t�� pa�y, as thr.y becomr due. +ill tuxies, +issessmenl�, and similar chiui;es upon th�� prem- � �
<br /> ixs subject thereto; mry deficiency b��caus�+ o( � h<� ins�i(liciet�cy oF such additional pnyments xlinll 6c [urt{�«�ith deprnitrd I�y th� �
<br /> ' h1ortgn�or �vith the• Mortgngre upnn drm.md hy Oic A4ortgagci•. Any drtnull under this pnra�;raPh sh»�I hv dermrd n defaidt in .
<br /> � payment of luzt•s, essrssmcnfs, or sirnilar chivges required hrrcundrr. -
<br /> �. 'I'he Marlgngor ugreos lheal tlii�rr sluill nlsn be nddrd Ln enrh monthly paymcN uf prinrip;d and inlrn•sf requimd hrre- � .
<br /> undrr nn .unuunl estimatod by the Mortgngec tu be �u(iicient tn ennLle thr Morfgak;�'� to pay. �is il hecomrs due. Ihe insurance
<br /> � premium on an}' insuruneo policy drlivcred lo �hr !1'Inrlgn�;re. Any deficie.ncp iieceuw� u( lhr insufiiciency u( such ndditinn�d pny. .
<br /> � ments ahnll bi� torthwilh d�•pusifed by thc �lurttiv�;nr wi� h tho n1ortgagec up��n drmnnd by Uic �lortgngee. Any deF.iult under t.hix _
<br /> � p�ragraph shnll tx dermed n dofnull in Ihi� paynu�nt u( insur:mr.e premiums. It thr policy ur pulicirs drpositrd are auch as homc� � .
<br /> � uwnerx ur nll risk pulicirs. :md lhu depusits arc insu(licicnt tn pay l6r rntirr pmmium. tl�e \Inrt�nRrr ma}• apply lhe deposit to � -
<br /> pn�� premiums on risks rrquirnd lo ho insured bY this morft;a�;e: .
<br /> � Yayments made by lhe Murt�:�tinr w�der thr� ubuvc paragr��phti mny. sil lhe op� ion o[ th�• Mori�r�gee. b�� hrld by it und .
<br /> ' cummingled with uthc�r such fw�ds or ils nwn (unds fnr tlir paymi�nt o( su<•h items, nnd until .vn ,q�plird. such paymrnt, nm hereby .
<br /> Y. r Pl�sig��d as security (or the w�paid b��L•u�a� of ihe murtga�v indebtedness.
<br /> ' Tu procure. dcliver lo, nnd mniNain tur lhr brnefi� of thr �lnrlgaRre durinti ihr li(c ot this murlgnge orit;inal policirs and
<br /> i� � renewnLs thereof. delivered nt leatil len dt�ys be(ore Ihe ezpiratiun of mry such pnlicies, insuring a�ainst fire and other insur�hle
<br /> har.ards. cavuiillieF. und contiugencies as the b'torl�ugce m;ry rcyuire, in an amouut cyurd to �hc ind�btedness svcured by � his .
<br /> � Mortqage. und in companies acceptable to the M1inrl�:agee. with losti paytible cinuse in fuvur ot and in (orm ucceplable to the Dlurtgo�
<br /> � gee. In the event nny policy i5 nnt renewed un ur before ten days uf ils i•xPirutiun. the �\lort„ngee may procure in�urance on thr
<br /> improvemenlx, pay the Premium lherefoq and such sum shall become immedinlcly dw• and paynble aitf: interrvl at. tho rate set , �
<br /> . furlh in naid note unt.il P&id and +hall be srcured b}� this mort�;at;e I�ailure un the pnrL nf lhr. Mortgaqor �o furnish .uch renewals .
<br /> �� as ure herein rvs�uired ur f��ilure lo pay nny sums advanced hereund��r shalL nl the opti„n at the \1urtgaigri�, cunstitutr n dc[ault � . .
<br /> .., under the terms of this mortgi�ge. '1'he delivrry <�f such pnlicirs vhnll . in ih�• i�ve�nt n( drL•iull, cunstiW�r an :�ssi�nment af the un- . . .
<br /> rarn�Yt premium.
<br /> . : Anl' num5 mceivrd hy lhe Rlorlgt�gec+ by rensun uf los+ ur d;imt�ge insured ngainst may bc retaim�d by the Rlurtg�gee �. .
<br /> � tmd applird tow:vd lhe p�+yment of lhr deLt hi•reby secured, or, at the uptinn uf the ntortFager, such sums i�ith��r �vhully or in �
<br /> � pnrt may be paid uver to th�• I�Surlgagar to Ix� used tn repair such buildinRs ur lu 6uild nea buildin�;ti in iheir pl��ce ur far any
<br /> � other Purpuse or ubjecC natisfactory tn ihe M11ortK�t�re withnut n(Tectin�; ihr� lien on th�• mortt;r�R�� (or Ihr (ull s+mount srcured here.
<br /> � by be(nre such payment ever l�x�k placi�.
<br /> � � '1'o promptly repair, restore ur rrbuild any buildint;s or impruvrmrnts no�v ur herr.dtrr un lhr prarnisrs which may br.
<br /> �.� , come damnged ut deslroycd: to keeP ��id premisrs in �;iw�d i•nndition and rePflir and (mi• trum nny mechanic's lien or u� hrr lien or
<br /> i . clnim of lirn not expressly suburdinnted lo the lir•n her�•of: nut tn sulier nr prnnit any wilawful usr uf ar nny nuicancu lu rzist un
<br /> ' said properlV ����r tn permit �ciisle un said Prrmi�es. nnr tu du anp niher act whi�reby Nie prope•rty herrbY cnnveyrd shall become
<br /> � � less vnluablr, nur tu Jiminish ur impair it, value by nuy nct nr omi.siun fn acl : tu cnmpl>� with nll r��quir��ments uf Im+' ���ith rr.prct
<br /> . tn the morlg��ed premiscs and thc use thrrcof.
<br /> ` � Th.it should the premitiea or ony part then•o( fx taken or damaged hy reason of m�y public improvemrnt or cundemnation
<br /> ' �� proce��ciing, or under thc righ[ of eminent domain, or in any nther manm�t lhc �tnrtgaF�� sh:�ll b�� e�ntitleal t�i all enmpvnsations,
<br /> nwurdy, mid nnY ��lh�•r Puyment ur relic( thendor, and shall be entitivd. at its optiun. In commencr, apprar in Eand pnnerute in its
<br /> � nwn name uny eciion or pr�x:cedinl;. or to mnke uny comprumise or settlement. in conncclion �vith such L�king or d�nn�gi•. :111 s��ch
<br /> �. compensntion. uwnrdx, damtigis, right o( &etion nncl prcxetYls tv�• h�•rchy ii.aigned to thr 14ortga;;ee. �vho mny. a(ler deducting
<br /> � there(rom till ils ezpenses. relrase any moncya so n•crivi�<I by it ur i�pply Ihe .ame un ana indi•Mrdnr;.v secured hrreby. 7'he \1urb
<br /> � � gngor nqrees to rzecule such furthrr nssignmenLs u[ any compi•nsution. awards. damag�•s. :md ri�:hts of actinn ;md prnrri•Js ns tho
<br /> �. Mnrlgagee mny require.
<br /> . .Chat in cuse ot failure to perfurm any of lhe cuvensmis hemin. �hi• \lorl !;Agec mny do nn lhr Dlorigatiur:s behalf r��wryihing
<br /> ` � .n covenemted: thnt lhe Murf�;aK�'e mn)' nlso do an)• act it maq d�•em nec�sw� ry tu prntecl tho lien Ih�•rroC that the 11nrl�;ngor w•ill
<br /> . mpay upon demand any monrys poid ur disbursed by the Dlnrl�nger for nny u( lhe abuve purp�wcu, and such momry'a to�ciher with .
<br /> � interest Uieri�on nt the r:ile prnvided in said nolr shnll becnme su much additional indrMedness herehy srcured nnd may be in�
<br /> duded in unv decree forrclosing this mortgn�;e and be puid uut uf th�• rent� ur prucecds uf ,ale of s:�id pn•mi+e.v i( not nthenvisr
<br /> . pnirl: thnt it shnli not be obligntoq• upon lhe rtortgager to inyuire intn the v:+lidity of :mp lien. encumbroncrs. or cL�im in ad-
<br /> vnncing moneys us above aulhorired. hut nolhin�; herrin cuntuin�•d sh�dl le� cunslrui•d as nK�uiring tLr A1origugee to advrmcr nny
<br /> " muneys for any such P��rpose nor to du nny act hereunder, nnd that MnrlFnge�� shnll nut incur nnp p�•rsrmUl liubilily hacausr n( �ny-
<br /> � thing it mny Jo nr omit tn do hereunder.
<br /> �. ln lhr evenl o( �he de(�iult 6}' h1nr� Rngur in thi� payntent of any invlallment. as n•quirrd by Ihr \'ult• sceurrd hereLy, or
<br /> , in thu p�•r(orm:+nre of the obligetion in this mnrtgn�;�• or in thc noti� ticcured themhy, the \1urtgager shnll bc• rnlitled to d�K:inrc the �
<br /> � d�bt securrd h��reby due nnd pnyable without nolice, and tho �lorl�:��ee s6nll br rntiUed at itv oplion. withuut nutice. eithrr by il�•I[ ..
<br /> - nr hy a receiver to Ix nppuinted by the court therruL and withnut re�;ard to ihe adi�uacy u( �my security (ur Ihi• indrblydni•is ��' . �` -, - L, . .'� .
<br /> currd herrby. to enter u�wn and take possrssinn o( the mort�;ngrd Premises. and to c��llrcl and rrCeive lhe renis. i�surs and profils _ ..�y . �-
<br /> t}�irreo(. and npply the snme. Iess custs n( oprr:dion and cullectiun. u�xm the indehtedne�s srcured hy this murtgn�;r: saiJ rents. a' :'
<br /> Litisues und profita IKin�; hrmby nx.ignrd tn the rlurtga�;ro ns furthrr s��curilp (ur fhe pa}'mrnt �d hll indrbtrdni�ss ���cured hemb�,. a
<br /> �� 'The blortga�;iM shall hxve the puwer ta uppuint any ngent nr ng��nls it may dcsiro (ur thi• purpuv�• o( rrpairing s:�iJ prom� (�
<br /> � ises: rentinK thr same: collecting lhe renLh. revrnuev nnd incumr. Fmd it may pay out uf said inrum�• ;dl r�pens��s incurr�vl im m�t � � ��. .
<br /> ing nnd mannging th�• same and o( cnllrcling fhe rrntals thendrum. 'Chr tr:ilanec rrmainu��:, if any. shall 6�• e�pplird tmv:ard thr
<br />:=� disc•hnrgr o[ the murlange indebtednrss. Thic nsti�;nmrnt i.v tu t �•rminate nnd Iw•cnmr null :�nd v��id iq��,n mlrn��� ��f Il�is m��rlt;a�;e. -
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