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<br /> MORTGA�ftS �Al' -MAhE PREPAYMENTS OF PRINCIPAL ON ANY fNSTAILMENT Dl1E �ATE. SUCH Pf2EPAYMENT SHALL BE
<br /> APPLIED TO INSTALLMEN7S LAST TO UECOME UUE UNDER TIiIS MORTGAGE. PROVIDED THE UNDERSIGNEO ARE NOT IN D[FAt1LT
<br /> AND ARE THEN THE OWNERS OF TNE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED. UR EITHER OF TfiEM.
<br /> PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 100% OF SI1CH PRINCIPAL PREPAYMENTS, UNLESS AUVANCEMENT IS PRO•
<br /> IiIBITED 8Y THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTIiOfiITIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS
<br /> SHALL BE SECURED BY THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD 9EEN MADE.
<br /> � THE n10RTGACOR PURTIIIiR COVTSNANTS ANn AGRrES ;
<br /> . . 7'htd the Murtgt�gor will psiy the indebli�dness n.e h��rrinbr(arr• pruvidrd.
<br /> , 'I'ha[ Ihe Morlgngur is the ownrr o( wiid proprrty in fri� simpli� und 6nx pnnd ri�:hl ;md Imelul uuthurih� In sell nnd
<br /> ronrey fhc mm�n iind lhat � hr snmi• is (rcu ;ind elr�v o( ony lirn or rnrumbr.mcr: �uid thnt 1lurll:n�;ur will ivnrrant :md dofe��d � 6a
<br /> tiNe to wid premises ugninst � h�• rluims nf �dl persorn w�humsoc���•r.
<br /> i . � To pi�y immedintely �chror due nnd pnynbla ull grnrrnl t:iz��s. specii�l Insi•s. sprri:d acrrssmerds. w�:rt��r rhnrges, .rw��r s��n•-
<br /> ice chnrges, tmd othur L�xrs nnd rhnrges ngainst enid pruprrly. �nd ull ln�as Ir��ird an lhr dcbt sr��urrJ hi•rrby. nnd to hvnish Ih�•
<br /> Mortgug�c. upon nquest, wilh the uritiinul ur duplicatr nr�•ipts Ihero(ur. "1'Le UurlP.�4u�r agrres thal Ihere sliull Lr ndded to
<br /> r•nch monfldy Pnymcmt ri�quiro�l hrreuuder or under tho rcideuri� uf drb� srcured hrrebY an nmuunt estimnli�d Iry lLi� Murtgagee
<br /> ln he nuflicient fo enuble thr Alurtgngre iu p;n•, ns � hey bi�cume dur. �dl t:ixrs, nss�•s.a�ucnis. and similar rht�r�;r.. upon Ilic� prrrm
<br /> ius nu6ject tlirreln: nnV drlicienry Lre:msr n( the insallicirucy uf such �ddilion;il p;iymonls sh�dl Lv furlh�cilh d��pusited bY thr
<br /> �4orlgng�>r ��•i1L th�• Mortg:fgre upon demand by lhe ntorlgngoc. :1ny do(:mlf und��r this pnrn�;r:�ph sLnll br d�•onud n drfimlt in
<br /> paymenl nf lns��.. �issrs.menls. ur tiimihtr ch:vl:rs n•quired hrrrundrr.
<br /> "1'hr ntort�:al;��r agrras lhnt ILrrr .hall iilsu br nddeJ lu rnrh mnnthly p:iyment uf prinripnl and inlrn•s� rripiirrd hrre'
<br /> under ;m amuunt eslimafed bp ih�� \lnrlt:nge�• tu L�� sulficirnt tn rnnblr II��� Dlur�t:u�;i�r tu p:��•. :i: it hrrumrs du��. � 6r insur:mcr
<br /> t premium on :�n3' insurancr pulicy d��liv��rod tn thr Dlurl �;ageo. :1ny doliciency hrr;uisr u( Ihr i�r,u(licirncy uf ::uch additionnl p:q� .
<br /> ntetits shtdl bv furthwifh drposilyd Ly lhc A1nrtlt:�F��r ��•itli �hr �lurl�;a�;ci� upun Jrmatid by th�� Unrl �;ag��r. :\na d�•(:mlt. undrr this
<br /> �� pnr;igrnph chnll 6�• do��mcd a Ji�fault iu ihc paymrnt uf insnr.mn• prrntiUms. I ( thr pulicc ur pulicirs d��pn;ilcd �irr surh ns hu�m�-
<br /> r- u��•ni�rn or flll risk pulicies. i�nd thr deposifs nre insutlirii•n� lu pac tLr ontir�� premium, ihr �turli;:i;;rr may :q�ply thr drparit �u
<br /> p:�y premiums on risks rrquimd In L�• insured by this nwrlg+i„r.
<br /> ?� Pat•menls mr�dr Ly ihr �turl�;igor undr�r the ahuvr p��r:�tirnphs mny. ni tho npliun n( th�� Aluritiagrc. br hrlJ 6v it and
<br /> �� commingled with olher such (mtJs ur iis uv:n fund� (ur ihr paymvnl uf surh ilom., �md until su :q�plirJ. vuc�h pnymrn�s :vr hrrrhp
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<br /> ri Plydqed nn sccuritV (ur thr unpiiid Lnlanc�� uf thr rnnrig.�gc indt�bicdnrss.
<br /> '� 'fo prucur�•. drlivrr to, and nmintnin [ur Ihr b�•nclil o( tho �turlg;i�oc durinti lh�� lifr ul ihi; murtgn�;o oripinal pulirics nnd
<br /> n•newal� thenr�(, delivrr��d ut 1�•ast i��n dnys be[nre ihc rapirnliun uf any .cnch puliri��.. insurin�; �r;uinal fire nnd nthrr in,urable
<br /> hauinis. c��sualfies, und cuntin�;rncie� n� lhr \turlR��ti�'�' ���:n• r��<purr, in :u� umounk i�qual tu thr indebtrdness .rcurrcl 6e Ihis
<br /> hinrtgage, und in cnmpani��x ac<•eptnbl�• lu � he Diu[I�;ntiee. wilh luss pay;ibl�� eL�usi• in fuvor o[ and in furm ;�cce�dablr lo Ihe \lurlgn�
<br /> gir. In q�r event :my p�dicy is nut renr�r�vl on or L��foro Irn days u( ils i•xirira� inn. Ihe �tarl�;iipee rm�y Proeun• innurancr un ihr
<br /> impr��vementa. Pay thc pr���nium thi•rofur, and xnch sum shnll becnmr immrJintrlp du�• and pny��61c �.�i� h iirtomst al. tho ratr srt
<br /> furth in u�id nulo until pnid and .Iudl b�• .i�rured by ihis m��rl �;u�:c. I'ailuri• un tlic part af Ihr \lort�a�;ur lu fnrni.h such rrnrwailti
<br /> 'i as xre herein myuired ur fniluri� lu pay �my swns adv.mcrd h�•rrundrr eh�dl, nl thr up� iun n( th�� i\�lurlgngoc. r�mstilut�� �i �I��fault
<br /> under the trrms of Uus murt�;agi�. 'Chr d�•li��i�ry n( .uch puliri��ti shall. in Ihr reon� n( dr(uidt . �•�m�titu�r nn nssignmrnt n( Un� un- .
<br /> rnrniwl premium.
<br /> � Any sumx romi��i�d hy Ihi• �lort�a;;cr Ly n•nsun uf lus; ur d:nnn{;v iuzin'��d ��t;ainel may bc rrlainrd 6�� thr 11orl�;u�;re
<br /> 1 nnd �ppli�•d towf�rd th�• p:�ymenl n( Hu• drbt hrmLy srcurrJ, ur. :il fhi• uplion u( tho \lurt�;:�grr. wch sums i•iihrr ��iialh� ur in
<br /> ' pnrl. m�ay be pnid uv��r t� � ihe Nort�e�gur t� � fH� us�•d In rv•pnir vuch buildin�;s nr t � � Iruild nr��� huildin�s in lL��ir Plarr nr Gn' nny
<br /> i; oth��r purpuai• ur objert wtti.f,�clury tn thr 11��r1 �;�q:rr with�nd nfi��rlint; thr Iion nn ihi• mnrl�:;i�;�� fnr t6o hdl nmuunt �rrun•il hi�rc- �
<br /> hy hr[ure surh p:q�mrnl i�crr t �wk pini�o.
<br /> r. 'Cu protnpdy rrpuir. mslum or rrbuild any Lnildin�:s nr m�pru��rm�•nls nuw nr Lrrr:d�rr nn � hr prrmi.a�s t��hicL nun• br.
<br /> � cunu• dumoged ur drslroyivl: tu kr��p s;�id pmntiars in „uud cuudi �iun und rep�iir nud (re�� frnnt �my mrchanir�s lirn ur ntLer lirn or
<br /> clnint u( lirn nol exprrs.ly suburdin�lyd lu Ihr li��n h�•n�of: wd tn rculT�•r r�r parrnil :uiy unlaw�ful uso uf ��r +inv nui�nnru lu raist on �
<br /> fs:iid properly nur tu prrmit �c�isle un said prrininen, n��r f� � do nm� olhi�r nrt �vhvrrby tho pn�perty hrrrbv ennvrced sh��ll lu�rnmc
<br /> ? levs valunblr. nur �n diminisL ur imp;iir ils v:dw• hy nnp nrt ur umission t�� ni�l �. iu oninplv �cith ;dl rrqnin•�nrntti u( I;n�' u'ilh n•..prrt
<br /> tu Ihi• mnr1 �;:�Frd pmmis��s :md � he u.c thrrrof.
<br /> 1'hal shuuld the prrmiai�c nr :mp Pacl thrmnf Ix� Inkou ��r d.�uui�;cJ Ly rrawn o( miy Public impnrvrnu�nl ur �•uudrmnulinn
<br /> pruceerlin�;. nr under lhe ritiLf uf eminrnt dum;iin, or in nny othrr mnnnrr. Iho \t��rttiagi•i• rhxll br i•ntillr�l �n nll cump�•n.;iliunz,
<br /> ;' :nvurds, nnd :mY ulhi�r pu}anent or rrlirf Ih�•r�dur. and sluJl br �•ntitird. �it ils uptinn. lo ri �mmrncc. upprar in and pnrv���ui�� in iLc
<br /> � mvn nurne m�y actiun ur pnx�•ediu�, ur tm m�ke an�• cumprumiae or si•Illrnuut in rnnnrctiun with .uch takin�: ur d��nmge. .\II <uch
<br /> � �•umpen�liun. uwnrds, dmnaK�•s. ri�;ht n( ��rlion and prurr�rls arr hrrrLy ussitined tu 16r \1orl�;a�;r��. �ohu may. n(trr d��duclinti
<br /> it . there(mm �ill ils rxprnse.a, n•lensr rmy nmm�ys su rra•irrJ b�� il ur nirply lhr camr uu :uiy indrLlydnes. <�.rumd liorrhv. "I'hr \1ort �
<br /> �� . G�aFur agrei�s tn ozecutr suah (ialher nssil:mni•nls u( :my c�nnpens:iuou, n�rnrds. d�im:��v... nnd rit;ht.v ��( actiun :ind pr�,rrv•Jv ne thu
<br /> 1�iorlgnxee m:ry n•yuire.
<br /> � '1'hul in cn,e u( (ailure tu perfurm nny ut Ihr rnw�muits hrn•in. 16r �lurtguM1e�• m:is do ��n Ihr \lurlg:i�;� �r:� brhulf rern�thiug
<br /> . :o cYrventtnted: LhnL Ihe �Iurlgugr.e nuty alan du tuty uel il m�iy drem nei�oernr)• In prulrc•t thr li�•n thi�nvC lhnl Ihr illorttiu�;ur a�ill
<br /> rep�y upon drnuwd any mum�vs puid ur di�burs�•d by llir \turlgagec fur nny uf thr abuvr purp�nrs. ;uid +uvh m��nrys In�;��ther ailh
<br /> � intereat thi•roon id the rnle pruvidi�d in naid nuti• .hall becunu� sn muoh ❑dditi�m:il indrbtrdnrtis hrn•bc .��rumd ��nd rnay hr im
<br /> d rludud in nny dren•e tunY•I�.�ving thia murlg.�ge und L�• pnid uut of fhr renln ur pruc��i•d. u( s:dr n( ,aid prrmisr� if nol nlhi�nvise
<br /> pui<I: Ih�l it shall nul h�• ��bligntorq upun lhe \inrt�a��r (u inquin• intu Ihc v;�lidily nf anc lirn. rncuml;ranrrs, ur rlaim in nd-
<br /> vnncing in�mt�.Vs ns nbu�'i• i�ulhurixrd. 6ut nulhin�; hrmui cuut�iin��d sh:dl Iw� eun,lrm•d as rcyuiring tLr il��rl �;a�;�r �u :idv:vico am�
<br /> moa�.rys for any such purPu�c nor to Jo �u�y ncl h��n•und��r. and ihnt A1orl�;np���• sh�dl not incur �uiy p��r.<umd Ii:iLilit�� Lrr,iu.r n( �im�-
<br /> thing it may do ur umit t�� d� � h��rrundrr.
<br /> In the orrnt nf tha drfi�ull Lp 1lurtg:igor in thr paymi•nt u( wry� in,�;dlmrnl , n.. roquirrd bc thr \ulo .��cumd hrn•Lv. ur .
<br /> in � 6h prr(ormuuce u( lhr uhligutlan in lhis mnrlguge or in �hr nole ���currd Woreby, lhr Al��rlga�;ve sh��ll b�� ��niillod tu Jrclan• ihe
<br /> �I�•I)C 9B(:pfBfl IICfI•II/' (IUP illl(I �]OVNIIIP K9�IIUIII nuHcc, nnd lhr \lnrtgngec sh;dl I�c vnlill�•d ;d ils upti��n. �.�ilhuut n� �licr. ri� hrr bv ihrif :• � �
<br /> ur by u rrceiver tu Le appuintivl hy the rrnirl thrrruf. pnd �rilhuut rrgurd to Il�c ndiv�uac�' o( .iny .rruri (y (ur llio indrblydni��s M�- � `��'��
<br /> euted LerrbV. iu rnter upun uml lt�ke p�ivci��yion u[ l6r rnurl�;nged pn•mi+c�, :md tn cul4•c� .mJ ��'U'Hl' � I1C fl•III �. K1111•y (IIIII �IfUII �Y N .
<br /> L thcreuf. and lipply thc ynme. Iess cnsts u( uprralinn :md inlles� iun. ❑ pnn Ihr ind�•I�ledues� srcurrd Ly thi. nwrt�;ugr: •:tid mnt�, �. ^
<br /> ias�urs and prufiLv fx�ing 6oreby nvvigned In lhc hlorlt;ngrr a� furlhrr nrrnril }� fur Ihi� pnym��nt uf ull indrb�rdm•., .rrun•d 6rn•Ly. � .
<br /> 7'ht� Murlgngce chall h+rvc lhe ��owet �o nppuint fmY ngcnl or :i�;��nls i� m:�y drtiirr Inr ihr ��urpu�r n� n•p:iirin�; .::ud ��r�•m- r
<br />_ ta
<br />- icrtx: rrnting lhi• vamc: culla�ting Ihir rrnts. revenw�s �md inrumo. :�nd it m;p� pay �mt ut s;nJ in��un�,• all ��xp��n;c. iucurr�,l in n�nl' t�?
<br />� ing rmd managing ihe s:nnc und u! cull��cting lhc rrnfnly Uu�ndrom. '!'hr hnl:uicr rrmainin�. d :u���, sL;dl L� � ;ipplird I� nr;uil tlu, .
<br /> i` disu�h�uR�• of Ihr rnurtRtiRv indrhlydnrsr. '1'hi. us.i�;nm�•n� i,. In irrtninn��• :uid I.•rnnu� mdl nnil r� �id iq �, �n r� �lrn.�� � �1 Iliia m� �rlpn�;o.
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