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<br />� � , . 76- O (138 �i1 � �
<br />� MORTGAGORS MAY MpKE PREPAYMENTS OF PRINCIPAL ON ANY �NSTALLMENT DUE DATE, SUCH PREPAYMEMT SHAIL BE
<br /> APPLIED TO INSTpLLMENTS LAST TO BECOME UUE UWDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE NOT IN DEFAULT
<br /> ANU ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF TNE UNDERSIGNED, OR EITHER OF THEM,
<br /> � PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 300% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS Pfl0-
<br /> HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUtHORITIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS
<br /> SHALL BE SECURED BY THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE.
<br /> (" THG MORTGA�OR FURTHL•:R COVBNANTS AND AGRPES:
<br /> �
<br /> ��. 7'hnl Ihe Mnr�gagu� N'III P8)' �I1P 1!1[IPIIfP(Ill�'AY ns h<•reinLefor�• prnviJc�d.
<br /> - � 'Ph:d fhi 1lurlgngur is the owner ot said prupvrty in fee simple and hnv tinnd right �md Inn�IIJ :�uthurity to :rll :md
<br /> �. cunve)' lhe same and fhat the same is fn°e �md cloflr nf nny lirn ur rncumLrnncr: and � hn� Aturl�;a�;ur will wtvraiil �and dr(rnd �hc
<br /> �. liU�� tu snid premises t�gai�ist the <�laims uf �dl persnns whnmswr�-�•r.
<br /> . 'Co pay immcdiutely �ehrn due wid paYal�Ie nll genrral taxes. tiprcial t�izrs. speci:d .iv�c.s�m�nts, w:d�•r ch�vqes, s�•wrr sc•n�- �
<br /> . icr chi�rgrs. und other taxr; m�d cL�rges aq��inst said proprrty . t�nd tall �1ues IevioJ on thi� deht srcured hereby. and fu furnish �hr
<br /> . blorigagee, u�x�n rc��uest. �vith Uiu uriginal nr duplicale receipls thorrfur. 'Chr Murt�ngnr ��gnv�s ihat therr sh��ll b�• addrd io
<br /> " each m�mthly pnymont roquired he.reuud��r or undNr fhe vvidencu uf drbl secun•d hi�reby an amuunt rslim:ded bY ihe �btortga�;er
<br /> to he su(ficient lo ennble Uie !1lorltingeer tu piry'. :m Ihry becnini� dur, all t:ixrs. uase�ssmenls. and ..imilrv churges upon th�� prrm �
<br /> � iu�s subject. therelo; any deficiuncy bec;iu:u� ol �he in.;ulficii�ncy uf xuch addilinnal p;q•mrnts shnll Li• fartl��vifli deposited Ly th�•
<br /> � �fort�;agur wilh U�e ��tur�K�V;��' ❑pun drmand by Ihc lfort�nger. Any drfault undor this paragraph sliall Lr J��rmi•d a d��f.mll in
<br /> : paymcnl �,f t �ix��c as.rssir.onf,. nr cimilar �hargrs rrquinvl h��reundrr.
<br /> �. Th�� 1lurigaxur agmi:s � hnt tlu�rr .;hnll ,ilku br addrd to ��nrh nwnlfdy' p:q�ntrnt u( prinaipnl and int��rv.l rrquired hrm-
<br /> undrr an amuunt ��xtimalyd 6}• t6c 3lnrtgn�er lu hr s�dficirnt lu vnnblc Ih�• �turt�agrr t�� pne . ❑. il b��<•um�•s Jm•. Ihr in,urnncu
<br /> . promium un xny in,urancr pnlic�c delivrred to tht• A1urt�at;ei•. Any d���icii�ncp I�renucr u( thr in,ufficiency uf such aJditional p�ip .
<br /> " . meufs shnll be furthwith drpasited bp iNe �1utl�;:igur witli thr !�lurtK��K�•�' ��P���� drmand I�v ih�• !�1nrf�;n�;i•r. Any duL•wlt under Ihis
<br /> �, � pur:�graph shall IH� d���•m��d a drfuull in lhc paymrni o( insur:incr prcmium.v. I ( thi• p��licy ur pulirirc dr•pnsi�rd ;�re cur•}� ,is huim�-
<br /> ownrn or all risk puliries, .�nd lhe de�xisils �ue insufficicnt to �iay ih�• entirr pnanium, th�� �tort �:q:<'o mai�� :�pply Uu• �Irpnsit in
<br /> � pay prrmiums on riskti rrquin•d to bv in.urrd f�y this morl �aR�•:
<br /> r � Pu}�mcntx nu3di� hy lhr Mur��;ag�>r under fl�o :ibuvr p;ira�rflphs may. nL � h�� opliun uf thr :11urltitiµ�•o. 6r hvld Ly it und
<br /> . cunvnin�;lod H•ilh olhrr surh Gmds ur its own funds (ur lhc paytnrnt ui =urh items. nnd uniil su nppli�•d. �uch p.iymrnis nrr hrmbv
<br /> � pl��cl�rd ��ti socuri�y !or thr unpaid 6alnnrr of Ihe mnrt�;a�;r indcbt�vinrss.
<br /> k
<br /> � : 'Pu proc�ve, drliv�•r In, and maint��in (or lhr hen��fil n( thi• AInrl�:nuee during iho IiG� nf � hi� mort�;a�;e ori�;in:il pulici�•a and �
<br /> - � ren��wals �hentid. delivomd al Icast trn Jnys brfurr thi� vxpiralion uf anp sueh pulicir.s. insurin;; ag:iinst (irr end uth��r insnrublc
<br /> . haz:vJs. casutdties. eand cuntingenci��s xs tlu� nturtg�igee rnuy require. in �m amuunt �•qu:d lu lhe indrbtedness vecurod h�� fhi�
<br /> blurtga�e, imd in companirs �rmpL•iblr tu thir A1url;;a;;i�i�. �cith loss pu�-a61e cluu,e in farvur uf :�nd in fnrm ucceph�bir to Ih�� 1lurltia-
<br /> � gec. In ihe eeent any pulii�y i� not rrnrw��d on ur br(ur<• trn dnys uf ils ospirrtiun. thr A1nrl�;��g�•e rrr.ry prorur�� insuranc�• w� Ihr .
<br /> - improvements. p:q• lh�� prrmium f6rrefoq and sucl� num ,hnll hi�c:��me immrdintrly dw• nnd pnynhlr wilh inl��mci al thi� rau• set
<br /> forlh in said nnlr wdil p:�id ,md .vhall h�� securrd b�� � hic mnrfkn�:r. I�ailun• un fhe part n( Ih�� Alurlquynr In (urnish aueh n•new:ds �
<br /> :�s nm hrrein nt�uirrd ur (ailiuc lu pa}• any sumti adwine'ed hr•reundrr =6�d1. ;u � h�• opiion uf lh�• Alortg.iFi•e. cunttihilr a drL•�ult
<br /> ; �� undi•r �he Icnns o( ihis rnor��;a�;r. "1'hr d�•liv�•ry n( such pnlici��.; shall. in � hr rarnt nf drfaulf . cunsti� ulr an assiynmrnt uf ihr nn-
<br /> � rarn�vl prrmium. ,
<br /> § ., Any .,ums n•i•rivrd h}� fhr �torlgagre b}� reasun �,I' los, or d;mwtir in,ured aRainsl ma)' be mtainrd hy the �Iurt�;agee
<br /> � ,n�d applird lu�c;�rd � hr p:����m•nt of the dobl herr�h�� .;F•currd, ur. at the aptiun uf th�� lturl�;nkr�•. such s�uris rithrr wh��llv nr in
<br /> � pnrt m:�e b�• p��id ue��r lu � hr �luri �agur in Ix� usr•d Ir� rrp:�ir surh 6uildint;s or lu 6uild ni��r Luildiiq:s in thi•ir pl.irr ar (ur uny
<br /> X . nthor purpos�• ur nhjn•t tiali.;fi�ctury lo lh<� �lnrt �nFr�� withnnt :dirctini: � ho li�m nn Ihr mnrtga{;r (nr thr (uIl :ummnt srrur��d hcn•.
<br /> . by b�dun• such parm��nl rerr I�wk plaa�.
<br /> �
<br /> � 'I�u prn��ipdy rrpair. rrstorr ur n�Luild any huildin;;; nr nnpruvi•m��nis nu�c nr h�•rrn(irr un th�� prrmi:rt w�hicl� moy b��.
<br /> rumc dnm�tiod ur dentrup�vl : �n k�•vp .:iid pn�miars in �� u �d cundilinn nnd ropnir nnd (m�• (nmi any mr��hnnic'. lirn or uth��r liim nr �
<br /> elnim o[ liru nol �•xprrsslc suburdinat�•d �o ihr lien h��rroL n�d 1u cufi�•r or prrtnii nnv uula�vful u.r u( nr .mt' nuis;inrr to o�ist an �
<br /> ��� s;�id pruprrfy nur tu prrmi ! wasli• nn s:iid pn�rt�isrs. ni�r tu du :uiy uthrr �iet �chrmb�• th�• pruprrl>' h�•rrby ronei�vi�d sh.fll lu•rurni�
<br /> €
<br /> = li�cs valunble. nur tu dimini�h nr impair i�s r,Jw• by :ury nri or nmiy..i� �u to art : fu compl�� ���ith all rrquirrmru�s u( la�v u�ith rrsprci
<br /> ��� ih�• mnr�tia�i•d prrmis��� :md thr u..r th�•rruf.
<br /> '1'h.d nhould thv pr<•mi�e, ur any p;ut thrrrnf M• takru ur d�mui�:ed hy rr�a,tun nf anr public imprnv��nu�nt nr eundc-mnntian
<br /> � prciccedin�;. or under t6u right nf rrnin�•nl dnnmin. or in any alhnr m:mnrr. th�• '.11nrt�agcr s6all br i•n�iticJ tn all rnmp�•nsatiuns.
<br /> :�wards, und any olher pnyment nr mlirf Ihrn•fur. and shall Le entitlyd. at i1, uption. tu cnmm��nr�•. app�•nr in and prcn�v;utu in its
<br /> uwn namc :my ncliun ur prrxredin�;. ur tu maki• miy cumprumisr ur solUrmc•nl in conn��ction �sith ruch fakin�; ur dama«�. :111 such
<br /> ; cnmpcns:�tiun. awnrds. d;unng�•s. right n( acliun and Pruccivls :� n. h��r�•Irv ncsi�;n��d In Ih�• \Inrltin�;c��, �ahu mn�•. ufirr deduelin�;
<br /> . thrre(rom e�ll it.; rxpensm. rriras�� .u�y mum�y, su n •r�•ir�•d Lv it �� r ap�rly Ihr sam�� on am� indrbtrdnrss :rcun•d h�•rrLv. 'I'hr \ti�rt-
<br /> ge�go� HRri•��s (o rxecutr snrfi (urlhi�r nnsi�;nmrnls nf an�' rumpon.ntiun . a.r:� rd,�. darnnti�c.. �uid ri�hts u( actiun :ind pron•rd. n_: th�•
<br /> � ntnrtgn�;r�• mny r�•quir�.
<br /> Thal in case u( failurr tu prr(urm am• u( thr i�uern�ints h��ri•in. Ilir ilurt{:agrc may du nn thr \turt�;ny;ur's 6�•bnlf ��crrpthinC
<br /> �s su covenantrd: lhnl th�� Murtgn{;ri� muy aln�� do any .irt it m;iy Jerm nre�•s-;ary lu prutect lhr lirn Ih�•moC thnt thr Dlorl �a�;ur a•ill
<br /> ;: mpny upon d�•mnnd �ny munvys puid nr di<burtird by lhe 11nrt�;:�go�• fnr nny of � he abnvr purpu�v... and c�irli mum�ys ingather wilh
<br /> 'F . in�enst lhi�rcon iri ihr r.�li� pruv�di•d in s:�id nul�� ch:dl b��rumr au much ��dJiUunal ind��Ltndnos.; hrrrb�� s��i•un•d nnd mav br in-
<br /> � dudecl in mry d�•cree fnrecl��.ing lhis murlting�• �md 6c p;iid uul uf thr r�•nts ur prucrrds id' snl�� nf >aiJ pn•mise, i[ nol oHienris�•
<br /> fi pnid: thal il shull nut h�� u61iR:�lory upun lhr A1nrt:;u�;��r ln inquir�� intn Ihr c:�lidi�p �d any' lii•n. rncumLrancrs, nr rl.�im in ad-
<br /> ` vnncinti monrys i�s abuvr :�ulhurizrd. 6ut nothing hrrriu cunL�inrd .h:dl Ix• cun.irurd ��� mquirin� Ih�� \lurlti:i�:ei� tn :�d��nnir am�
<br /> � muncys for nm' nuch purpnsr nur to do any nrt hrrrundi�r, and Ih:ft Ainrlgnur�• �h:Jl nnt inrur �inc prr�unal linbilily brrnusr of nn1''
<br /> E: � hing il m.�y dn i�r umit ta du hrmund��r.
<br /> (�, fn fLr �•vrnt nf thr d�•f:iult bc Alnrtg�tgor in � hr pi�cmrnt u( any in.inllmrnl . :is n•quircd b}� t6r Nu� r vi�rnr��d hr•n•bv, nr
<br /> in tlie pi•rfurmancr o( th�• uLligatiun in fhis murlgaigi• ur in Ih�� nut�• s��cun�d therrbp. Ihr \i �,rl�;a�;rv• .hull br rnlillyd to tlrrl:ire ( Il�
<br /> - drbt si�cured hrrcby dur :md pitynblr �vithoul naticc. iind thr \(urt�;n�ri• .lixll L�� rntillyd :rt ils nptinn, n�ithuut nuti��o. i•ithi•r by itsrll .�. � � i. : �
<br /> or by :t mccivrr tu b�• uppnint<vl hy � h�� court lhi�rr•uf. and wi � hnul rrgard In th�� iidiquacy� uf any srcurit�� (or th�• ind��blc•dni•ss sx�� � ^'f'''':� ' -
<br /> cured hereby. tu i�nter upon :md inki� po+si�s.ion u[ Ihe murt�;�i�;ed prrmis��.,. and tn cullrct nnd meeivi• ihi• rrnis, isaw�s and pn,(ile � N �''
<br /> L Ih�•rrnt. nnd npply the s�me lisv casla ut up��rat�nn �md cullectiun. upnn thr indeLtedne:, s��currd by Hu, murt�;:ige: .xud rrnt�. �
<br /> issucv F�nd prufilv Ix�in� hrnL� n.si�ned to thi� 6lnrtg:i�;rr air (urlhrr si•rurit �• tnr Ih�� p:�rmrN uf :JI indrbtodm �s .rrurod h�•r��by. � .
<br /> 'fh�• A1ortguRr�• nhidl hnv� lhe puwcr lu appuint imy tiF�•nt or a��•nts it m.iy� dr.irr (nr Ihr� purpu:r u( ropuirin�; saiJ pr�•m - i�
<br />'" isrv: renUng lhe snme: cullecling Ihe rrnLti. nrvenw�e ;�nd inrumr. ;ind il ma>• p;�y nut af s:ud inr� �rnr :� II ��sp��nxrs inrurrisl iu rrm - �
<br /> e�i, ��� ing nnd munagin�; lhc sa�n�• and nf culli�r( in�; thr rontals therr( rnm. 'I'hi• h:Jiincr rrm:iinin�. i ( ��np . .h;�ll b�� ,� � �pli�•d tu�r:ird th��
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<br />'"'' divchur � nf Ihr murl � i indrhlydn�•v. Thiv �s:' , � � .. .
<br /> Z,� K ' R: I: ' . . iti �unrnl �a to t �� rmin:dr ;ind Iv�c,�m�• null nn� l v� �id uPon ml��:�s�� ��I Ihi, muri �:iu�•.
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