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1L � i S�. • �ti�� I �s � 76- 0 (142 80 . . � �r MORTGAGORS MAY MAKE PR@PAYMENTS OF PRINCIPAL ON ANY INSTALLMENT �UE DATE. SUf,H PREPAYMENT SHALL DE APPLIED TO INSTALLMENTS LAST TO BECOME OUE UNDER THIS MOR7GAGE. PROVIDED TI1E UNDERSIGNED ARE NOT IN DEFAULT AND ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF THEM, PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 100% OF SUCH PRINCIPAI PREPAYMENTS, UNLESS AOVANCEMENT IS PRO• HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS SHALL BE SECURED BY THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS NAD BEEN MADE. � THE MORTGAGOR FURTHPR COVrNANTS AND A(}REGS : . Thut the MorlKi�Kor will pny thc indehtrdness as herein6efom pruvided. � � '1'hut Ihe Murtgagor is Ihe uwner o( v,�id prnperty in fac simpit� and hns i;oud ri�;ht and la�rlul nuthorit}� tu scl� and i�nnvev fhe same imd lhnt lh�� aame is free nnd clear ot any li:m or onr.umb�nnce: and tlmt 11nrlga�ur ��ill wxrrant ;�nd do(��nd the �illc tn said premisev ng�i�ul the clt�ims of ��11 p�•rsons whomeoev�r. � Ta pay immrdiidely whrn due xnd payable all genrrnl taxes. specinl taxes. specirJ a.�r�amenLs, w:der charl;es. vrwer serv- ice charbes, nnd other I ;ue; and cfmrges against snirl prop�>rly. nnd nll ttixrs levird on the debt serured hereby, :md lo h�rnixh ihe �4ortgugr.e, upon mquesl, u•ith the originnl or duplica�c roca�ipts thrrefur. 'Ph�• Afurtgagor ugmes Uint lhere shall be added tn eech monthly pnyment requirecl herrunder or under ihe uridence of drbt cecured her��by nu amuunt estimadvd by lhr. Dtarfgagee to be �u0icient to enahle ihr � �lortgagee tu pu�', as l6ry become due. nll taxrs, assetsmentv, zmd sirnilar char�;cv upun lhe prrm- � ise�s +ubjeet therrlo: nny drficiimcy bormse u( ihe insu�ficir.ncy u( such addilionrd V:�3'�»�•��Is shall he furlhwilh deposited by � he � MorIR��F�r H�ilh the I�lortgr�gee upon dem�md by lhr. t�lortKagee. Any def:�ult und��r ihi:; pnrntiniph shall b�� dr�•merl a default in ��.. pnyment of taxex. n.�sex.mcnts. ur sirnilar chargrs n•qnired herrunder. . 7'he nturlgngur agrer� thiil there shnll �il;u 6i• add��d ln ��nch mnnthly p;rymenl n( principul nnd inierenf rvyuired herr- �� undrr nn umount eslimated by th� 1lurtgagce W bc sutlicient t�� rnnblr the �tort�agce i�, �r�c. :��, it brcomrn due. Ihe insurance ' premiwn nn any insurance polic�� de�li��ered tu thr M1lnrtgagoe. :1ny dclicicncp brcausi• o( ih�• insufticii�ncy uf such aJdilional pay- . menls shell he (orthwi�h depusifi�d bV L6i• Mnr�ga�;or wilh the \lort{�a�;ee upan drmaptl by � h�• Mortgn�;er. Any deL'�ult under this . pi�nigraph shall be Jeemod a drfai�lt in lhe pt�yment nf insurnnce premiums. I ( thr pnlir�• nr P��lirirs d�•pu,itrd o�rr such us hume- � awuen or nll risk policirs, and t6r deposits are inau0ici�•nt. in pay t6�� i�ntirr �rzrmium. th�• hfurt�;n�cr may npply Ihe deposit to � � ; puy prrmiums un riskx myuired to be insurrd by thi; rnorl�;aFe. Paymunts made by Ihe SturtFagor under tho :�bo�•e par��:raphs nwy . :u the nption uf thc 9turlgagce, b�� Leld Iry it and r�� i•ummingled �ci� h other �;uch [unds or ilti uwn tunds for the payrnenl of such itrms. and until sn .�pplird, surh pnym��nis am hereby pl�vigcvi as srcurity (nr lhe unpaid balnnce o( thi� mnrltiaK�' indc�6lydnra.. 'I�u procura, dclivcr to, imd nmint:iin for the brni•lit o( lhr bl��rlga�;ci� durin�; thr li(�� n( Ihis murlRnge uriFinal policirs �nd - rrnewaln thenrof. delierred at lcast trn dms before ihe expirntiun of any �uch policine. imuriuR n�;ainsi fire xmd nlher in,urable � haznrds. casunitie�. und contintiencies as Ihe �lurtgngec m�iy rcK{uire, in :u� amoimt equal t�� the indi•btedness securcd 6y fhix - � hlortgngr,. tmd in companii:v nccuptahle to !hr MnrtFagee. with Inss pnyablr clausi� in (avor of mid in [urm ncceptnhle fn ihe A9url�;n- �: gce. In the event any policy is nut. mnewrd nn ur befure Ion d:ry4 uf its capindiun. the niurlRagee m.ry Procure insurunce un t.he � improvemenls. pay Uie prnmium ihere[or, and such sum shnll becume immediotely �lue and payuble �vith interesf. at the rntr cet � [vrth in suid nuu� until priid and shall br s��cured by� this mortgnpe. Failure un �he part o( the ;1lurtgagor lo furnish such n•m�wuls � ns nre herrin requirrd or [nilure to pay anv sums iidviinced herrundrr shall, nt the optinn o( thc lfortgagee. cunstilide a dr(nult under the terms ot this martFage. 7'he d�•li��er�� of such pulicivs chall. i❑ the ew•nt nt d��fnult. enn�tihdr i�n ussiRnmrnt u( thr an- . ��urnivl premium. � AnY' sums rrceived hy lhe n1ort�;�agce by rnason u( In.. ur dama�;c insured against may hc rrWin��d hy tlir plurtgagee � nnd npplied towerd the pnyment o( (he debt hereby srcured. ur. at the optinn uf ihe lforfgngee. euch eums either ��hully or in pr�rl may Le p.iid uvvr �n Ihe \Surlg:�gor tu t� ueed to rapnir such buildintis or lo fiuild n�,w� huildinl:. in their Place u� tor nny �� olher purpou or uhjec[ s:disfactun' tn ihe Dlort{;ugee w�ithnut alTrc�ing Ihe lien on thr morf�a�e (or � h�� full nmuunt vrcun�d h��rr- �� . by Lr(ore such paym�•nt rr��r l�x�k plac��. !" 'Cu pr��mptly rrp:�ir. n��urr ur mbuild nny huilJinR� ar impruw�mi•niv nuw ur h�•n•aRrr �in lh�� yrcmises K�hich may M`- come damtttied ur destrnyed : tu k��ep s:�id premisrs in euud cundiliun and «rpnir and fn��• (rum .my mrchanics lirn or nthrr lien ur � daim uf licn nut expmsvly .uborditmteJ lo the licn hi�reuf: nul In sul5er ur prrmit any tnilawful tis�� u( ur :my nuis:mcc to rzist on �- said proprrly nur tu pi�rrnit w:�ste on said premines. nar lu do :tny olher act �rhrrt�h�• the prnprrly hrrvbY �•nnveyed sh.dl iH�eom� � '� Icsv valuablc. ni�r �u diminish ur imP�ir il, valu�� Ly any :irt ar ornission �u acl : ln rnntply ��'i � h nll rryuin•mrnt.s n( I;i�c �vith rr.pect �: in Ihe mort�;sge•d premisrs and the uxe thereof. �? 'I'h:�t shoulJ the pnanis�s or uny parf there�nf Ih• tak�•n ur dmm�ged hy rc;uun o( :un� public imprnw�mrnt or cnndemnation proceedinY. ��r under the rit;ht of eminrnl dumnin, ur in any uther mnnner. llu• \tort��i�;ec shall b�� enlitled to ;JI cumpensntion5. ` nH�ards. und nnY ofhnr payment or reliet ihrndor. and sh;ill b�� entilled, ut its uplinn, lu cummi•m•e. apprur in .ind prnhirute in iLs j: uwn mm�e any action or pnxeedinR. .��r lo make tiny cnmprumise ur srldement in runnection with such tukina or dama�:o. :\II such f: eompensation. awards. damug�s. ri�;ht n[ nc�ion and prucreKl, nre hereby ns.signed lu the plonga;;cr. whu may, aHer deductin�; lh��refmm all it5 exV�•n.x•s. roli•as�• any mnnt�ys su recri��ed bp it or apph• the samc nn any indvbtednetis securcd hvmby. 7'hr �tnrt- t gugor Ugree� tn ezecute such further asnignments ot any compi�ns��tinn, a�curdc. dnmagrs. anJ ri�;hts nf arliun and procr��d, :u the !� Tlorttiagee mny rr<p�in•. 'I'hat in cnse ol f�iilure to pur(orm any uf lhe iv,vrn:fnts herein. the 1lurigage�� mny du un thv \inrt�;n�:ur's Li�hulf eerrythin� � so mvenanled: lhat Lhe �iurt�agee mtry' also du �iny nct it may drem nec��s.�in' lu pruti•rt Uir li�m Wen•uf: Ihnt lhr :11url�;agur will n rrpay upon drmnnd uny munoys puid or disLursed by the A1urlga;;ec Gir am' uf thi� abuvr purpusr:. :tnd �uch munrys tu�;rther w�ith � inter��l ther��n tit the r.de provided in said uule sh�ill herum�� so much nddi�iun.d inJeblednes.v hvreby s��cured and rni�y Ix� in� cluded in any decrec torccluein� thia murt�n�c und Lc paid uut uf Ihc n•nLc ur prueecds uf sale o[ snid premisos if nnl ulheneise paid: that it shail nut be obiigulory upun llm TtorlFa�ee lu inquire intu thi• ��:didily uf ;uiv li��n. ��ncumbrance�. or cl�iim in ud- vancinK moneyx us nbm�e :wlhoriud. bul nuthin{; h�•rrin cnnlnined .Lall IH• runsirucd us n•quiring Uir lfurlg:��;ee 1�� xdei�ne�• any � muncrys for an>' 4uch P��rpose nor lo do any arl hen•und��r, :md thnt nL�rtga�:�•c shall n�rt incur :�ny prrsonal li�ihility L��rw�i� u( anv- thinq it mny du ur umit to do hereunder. - Lt Ihv evrnt oI thr de(ault b}• Mortgagur in th�� payment ut �� n}• inshdlmenL :�: r��yuirrd b}• thr lule .ri�cumd hrr��by. or in the per(ormunc[• of � he obli�;atiult in lhis mortgny�t� or in fhe nutr �r�cured �licrcby. Ihc• \lur�ga�;re nLali hr �•nfitlyd 1�� Ji•clarr the . debt wecurcd f�ereby duv and payable wilhuut nulice, und the Dlort�;a�;rr shnll bi• entitled at ils uption. H�ithuut nntia•. i•ither bY it.w�l[ , I . nr by a ren•iver tu IH• uppuintiYl hy the court thrreo(. :md withuul rrg��rd tn the adcyuacy nf nny securit�� fnr tLr indr6tednrss u�- . �y..'� . � curttl hereby. to ent�r upon nnd lakr povu�ssion u( the mortgagrd premises. .md to collect :md rrceivr thr n�nts. i.urs and prufits - N .::;. ; . lhereoL :uid upply the nxtme. lese cusls of uperntiun nnd ailleclion. upun the indeb�cdn��s ..i•cured Iry' ihis rnurtgu�;e: s:iid mn�s, ' � Lissues nnd profitx be•in� herehy nssigncd to thr M1lortg:��i�o ;�s (urlhrr c��curih• (or Ih� p.i)�m�mt uf �dl ind��6a�Jnes, ��.�ured hereLy. � � 7'lir Mort �n •ee shull have lhe �ower to e� �uint nny u ent ur ut;enls it mny dr�im fur ihi� �ur �u��• uf m �uiring viid � rrm . ¢ - . �, �, i m � i t r � t� ' . ises; renting lhe :wme: n�llecting the renls. revenues and incume. :�nd it muy pay uut uf s;ud incunu� alI exp�•nsrs inrurrt+l in rrnt- $� � eC �. ing und msnu�ing lho snme and o[ cnl;eclin�; Uie rentuls t6em( rum. 'I'hi• h�tLmce rrm.iimn�;. i( any. �h;�ll Lr :� pphrd luw:ird thr � �;'+�� diqrhorge of ihe mnrlgagr indebtrdnesr. T'his a�ssignmrnt is �n Irrmin:dr and M�c� �mi• null nnd w+irl up� �n r�•I�^�.�• ot thi: mnr� �:i�;r. .. e3$ +.. �` ` � •— I J € � � f