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<br /> MORTGAGORS MAY MAKE PREPAYMENTS OF PRiNCIPAL ON ANY INSTALLMENT DUE UATE. SUCH PREPAYMENT SHALL BE
<br /> APFLIED 70 INSTALLMENTS LAST TO BECOME OUE UNDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE N07 IN DEFAULT
<br /> AND ARE THEN THE OWNERS OF THE MORTGAGED PRQPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF THEM,
<br /> PAYEE AGREES TO FURNISH TO THE UNOERSIGNED 100%o OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO•
<br /> HIBITEp BY THE REGULATIONS OF CNARTERING AND SUPERVISORY AUTHORITIES 7HEN IN EFfECT. ALL SUCH ADVANCEIdENTS
<br /> SHAIL BE SECURED NY' THIS MORT(iAGE IN THE SAME MANN�R AND EfFECT AS IF N0 PREPAYMENTS HAU 6EEN MADE. ,
<br /> 'fF(P ' MORTGAGOR P'URTHT:R COVL:NANTS ANb AGREB6:
<br /> , � � '- . � �'Clirit lho ���MurtgoKur . wili �jmy 1ho indebtedne�ss as hereinbeforc providod, .
<br /> � � . - . � 'fhnt �Uie� MorlRugor . is ttie owni�r uf st�id � pruperty in fcii aim�ile imd hati goud right and lz�w(ul ��uU�ority to sell .md . .. � .
<br /> � � � ennvey� the. snme und � tha! thc sxme iv freo anrl clerv of any lion or encumbrnnce: nnd ihot A9nrttinF��r wil� wnrrant.. nnd d�fend th� . . . .
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<br /> titlu tn �nid ��r�misey nguinxt tha clnimn nf all persuns whomsoe�ee
<br /> 3' ��.. . � � •(•o {iny � imme�lintr.ly when d��e:nnd �.pnya6li> oll . genernt tuxes. .npecinl tazes. specini a...w,ssmentx. water ehnrges, s�•wer serv. . .
<br /> � icc. cGnrges�, nnd . oth���r . taxea mid � churgex aguin9t said pro�iedy, and nll tnxes levird on lhi� debt accured hercby, nnd to (urnish Ihe . .
<br /> Mn�t�ugee. .upc>n r�quest; with lhe oriqinial or duplicntc receiptx thi�refor. 1'he biortgoFor �grees lJml there vhi�ll Ge nddrd t��
<br /> � � � euch�� monthly pupmcnt requimd hemunder or undi•r the evidence uf cleht necured her��hy an tunuunt r.slimated My lhe b9ortgngne � �
<br /> ` to. he Ku�ciont to enable the �Morlgn�;ee fc� p�>�.. as Ihny becomc due, nll lnxex, nsse�tisments, nnd similnr clmrges upon the . prem• � � �
<br /> ' � . . ises rubjec6� therrto; uiry �leficirncy ih�amse of the insnNiciency o( xuch nddilional pnYm��nts shal! be (orthwilh drposited . by thr .
<br /> . .] �' I�4brlgngnr � willi the Morfgugee upon demand 6y fl�r. blortgngee. Any dcf.�ull under ihia pamgraph s6ul! bc drrmed n dcfnuil in � . . � -
<br /> '� pxyment of �a�xev, � t�sse,�menls. ar simil:tt churges required hrrewider. � . . .
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<br /> � ,.�:� :.. 'Che 69url�;ugor agrecs lhat thern xhall .dno bi� added tu each rnnnthly payment n( princiPll :�nd Intrres� required here- . � . � .
<br /> ' � f under qn amount estitnnted by the n4ort�;agee lo be sul�icienL �o onable the hiori�aigi•e to pay. +i:: it becumec dnr. lhe insurnnr,e .. .
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<br /> premium nn any iusurance policY drlivi+red tn the M1inrlgugee. elny Jeliciency brcnuse nt fhe invulficiency o( such ndrlilional pay- ,
<br /> ..� � � menle shall be fortbwith deposiled hy th�• MurtgaKor �vifh iho �torlgngrc upun di�maPd by ihe ntort ;;n�;rr. Any drfauif undrr Ihis ;
<br /> pnrngraph shail be deemed n defuult in the ptiYme,nt uf inaurnnce Premiums. 1( the pulicy or policies d�>pusiled �ue such ati hnme- .
<br /> ��$ uwners . or nll risk policirs, and lhe deposits are inau(iicient lo pny thi� rntire promium. the� Dlorlga{;ee mny npply th�� di�pnsit tn - � .
<br /> � `s i� �remiums on risks re uired to he in�:ured h this mort ,a �t � �
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<br /> � � I'aymenix mndu by lhe Mortgnqor under iha nbnve paragruphs mny. at lhe uptiun of thr Alortgagre, be hetd by it nnd � � . .
<br /> . ±S commingled w•ith uthrr such funds or ils awu [unds fur thc pin•ment af xuch i(rms. xnd witil so iq�plied, such payments nre h��rvby � . .
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<br /> plydgi�i ae srcurity for thc unpaid 6�dance of the murtgugo inde6fedne��.v. � . .
<br /> �� i � '1'u procure. delivrr to, and mninluin for thi� 6ene[it n! the rtorl�;t+�:.e during the life of this niorlga�;e originnl paliciev nnd . . � . . :
<br /> ra•newuls thercrot, deJivr. rtKi at Irnst trn daye brCore lhe erpirution o[ any tiuch pnliciev, insuring a�;uin�l firr and othcr inaum6le . � � . � - ..
<br /> hururds, c<�sualties. Lnd cuntingcncies os � hc :�IortgaKce may nv�uim, in un amount equnl to the indc6trdnesn securrd by ihis
<br /> � htortgnge, and in companies nccep�ible lu fhe Morfguger. wiUi loss payable duuse in [mor o( and in G�rm accePtable tn lhe �tnrtga. � .
<br /> gec. Lt tLe event xnY P��licy is not renewe�f on or betorr len dnya uf iL� expirntiun, lh� D7orf�i�gee may procure insuranco on the - � � �
<br /> impravements, pery �lhe pmrnium therefor, und such sum sk�alL bccume immrdintcly due and pa}oiblc �eith interest at the rati� set � � . � �
<br /> (orth in s++id note until P���� rind shall Ix� s��cured by� lhis morti;agi+. Pi�ilure on the purt. nC Ihe Morfgngor to Qunish such ren�•wals � . � �
<br /> � 1 ns nre h�•rein reyvired or [��ilure tn pny nny sums ndcnnced hrrewidi•r ,h�all, at ihe oplion ot tha� Mortgnger. cunstitute ❑ de(ault . � .
<br /> I � i under the terms o( this morfgnge. '1'hi� deliverr u( sur.h policirs s6a11, in the evrnt of de(uult . con.�itute an ��ssignment a[ the un- , . . . �
<br /> S earnecl premium. , � . � .
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<br /> ' " ? Any sums rrceived by ihi� �fortgagec by rr��son of luss or d;�m�ge insured ngainsl muy bc rotnined 6y fhe �lortgugce : � � . � .
<br /> and unUtied towurd the pxyment oE thu deM Lereby seciucd, ur. at the aphon n( tl�e Alortqagee, such sutnr cither wh�illy or in �. � ; � �
<br /> purl may 6e� pnid over tn �6e ��tort�agor tn be used tu repair such buildinl;s ur in build new 6uildin�;s i« their placi• or fnr any . .
<br /> othe[ pUrPwe or uhject uilis(actory• to the Alortgn�;re wilh�ml �die<•tin�; thr Gen ou th�� martga�;e tor Lhe [ull �+mnunl securrd here. . .
<br /> � by before such payment ever tcxik pince. � . - . �
<br /> . ,I'u promptty repnir, resture ar rebuild anY 6uildin�;v ur impruvemrnt, nnw� nr hem:dler un the pmmisrs which inay Ik�. : . �.
<br /> r.mne dmna�;ed or destroy��vl : lo keep said premiars in gnud eunditi<�n and repair +ind (roe frum nny mrchanic's lien ur othrr lien nr �
<br /> � clnim o[ lien not c>pmswly sufwrdinnti•d lo thc li��n hcrenC nnt tn �;u(icr ur prrmit nny unla�vful use ul ur any nuisnnce to exi�t un . .
<br /> �. ,nid property nor to permit wxnte on snid premixes, nur tu du any olher uct whrrrby the pruperty hrrrby cunveyNr! shidl liecome , . . �
<br /> � lecw vnlunble. nor t� diminish or impair ilti valui� by anp act or umilsion lo ;ict : to campl}� with ��11 rryuirements nf I:i�n� u•ith m�p�ct �. . . �
<br /> . to the• mortg�ged pnmises and the use thercoL �. �
<br /> 7'hnt shuuld the premises or tmy port thcrco( IK� taken or damnged hy rcasun nf any public improvemrnt or enndemnxtinn � � � .
<br /> �� � �� proceeclinY. ur under thr right o( r.minent domnin, or in nny olher manner, ihi• SfortF�4��` shnll be entitled lo nll cumpenl�tions, . � �
<br /> awards, and liny other p:iyment or reliet lhere[or, aud shall be entilled, nt its uptiun, to commence, apper�r in and pnnecule in its � .
<br /> ' own nntne nnv uctiun or proceedin�:, or lo mnl:e uuy comprumise i�r si�tUcment in ronnection with such takin�; or damage. :111 such
<br /> � cmnpenyxtion. awnrdv. damnKes. rig6t of :�cliun nnd pruce�tils nrc herehy ussigned fo the 111url�;uger. whu may. a(ler deducling
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<br /> � lhemfrom nll its caprnsre. relcase imy muncys xo rca�ived by it ur upply ihe snme on uny indebfednes> secured hi�reby. The \lort•
<br /> g�Y,�r ugrees lo exccute such [urllmr nxsignments o! nny comprnsntiun. inv:vJs. dumngev. and ritihl+ of nctiun and prncrrd4 as the
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<br /> � Afortgngce mny require.
<br /> � That in cnse ut (ailum tu perform nny o( lhr cuvun.mis heruin, lhe \[ort�;��p�e mny dn on thr :vtorttingur's behalf everathing .
<br /> :o covrnanted; Ihnt the Mor�gagee mny also do ;iny nct it mny deem neirss�ry �u Prolrct the lien therooL• lhnt the 1lortgngor will
<br /> repny upon dmnund nny moncys paid or disburned by lhe Morlgagec for nny u( the abo��e purpinvv, and surh mon��vs together w�ith
<br /> � inlerc�vt ther�>n ut fhe nrte pmvided in �nid note shalt becumr nu murh udditium�l indebt�viness h�•rchy securc�d nnd miry fx in- .
<br /> cluded in any .decree [oredosing this mottguga mid be paid uu! o( the rcnts or pruceeds u( sidr o( said pn•mi.va if nut ntherwisc
<br /> � pnid; (hnl it xhnll not fm nbligatory upnn lhe htortgugee fo inquire inlo the v�lidity of ;�ny li�•n, rncumhrnncra, nr cir�im in ad•
<br /> . vuncing moneys as above .iuthorizeil, but nuthing hrrein cuntainrd shall Ire ennti�rued as nY�ulring �he Tiarlga(;er in �icivance :my
<br /> � mone.ys for nny nuch pur�wse nor tu do nny act hereundrr, and thr�t 4fortgn�;��e �ha11 nut inaur nny P�'rsunal liability brcausr of nnr-
<br /> . lhinti it mny do or nmil to dn hemundrr.
<br /> In the evrnt nf iht• de(aull bp �lorlgngor in the paymrnt u( unl' inslalluu•nt. .�a royuin•d by the Nutr s��curcd hrreLy. or
<br /> in lhe performmicc n( thc ubli�ation in this mortgr�gi• or in ll�e notc six.ured then•hy, U�e �turtFagoc shall bc im�itled to di�c•lare the
<br /> � debt secumd Lrreby due and puYuble withuut nutice. nnd the Morltingee xhnll be entilled at ils nptinn. withoul nolice. ��ither hy ifaell
<br /> or by u recciver fo be nppuinted 6y tbr court thi•rruf. und without n•�:nrd to thc ndi<�uacy uf uny srcurity fur tl�r indebtedncws x•- -r; �� -�_� ,�,..� �.
<br /> � cured hert•liy. to enler .apon und tnke pussessiun oi the murtgnged pu•misc�, nnd to n�llect. nnd mccive thn rruts. issues and profitv �
<br /> - then•o!, nnd e�pply the 4ime. Iess cosls u[ operntiun �ind imllcction. u �wn �hr indeMrdnras wrcurrd by thin morl�;uge: snid n•nts, . . N : .
<br /> . (. ir;sues nncl profils beinti hereUy ns.yigned tn the 1�9urtCn¢re� as (urthrr srcuril}• fur lhe pnyment of idl indr6fe�dnrvs �.rumd hrn•by. , � �"
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<br /> I• 'Chr �lorlgaR�r� shull htrve lbe pu�eer to uppoint an}' agent ur uF�mts it miip drsirr (or th<• pivputio ut n•puirm�; .:�id prrm- � _..:,� , .
<br /> � iv�s; renling the sume; ndlerting the rents, revenuex nnd incum��. �md il ma}� pay nut �d said incumi• all rzp�• nses incurral in rcnb ..
<br /> ing und mnnuging the smne ❑nd ot culleclinr the rentalx lhem(mm. 7'h�• b:iluncc remainin�;. it +iny. shnll 6r upplird luwivd thr �� .� . .
<br /> disc}�nrFe of thu mnrtK:i�;e indrbtednr•sv. Thix :isci�;nment i, tu Irrmin:itr and Ia�eum�• null :�nd ��uid up� �u rrlen..r of Ihi�: mnrt�;:iGc. . .
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