|
,
<br /> i �_. +�,�
<br />><; - �
<br />„' �� 76- 00 � 931
<br />�:�
<br />�"� � MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DAT[. SUCH PREPAYMENT SHALL DE
<br /> APPLIED TO INSTALLMENTS LAST TO 6ECOME DUE UNDER THIS MORTGAGE. PROVIDED TNE UNDERSIGNED ARE NOT IN DEFAULT
<br /> y ��. AND ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF TNEM,
<br /> PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 300°/a OF SUCH PR�NCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO•
<br /> HIBITED 9Y THE REGULATIONS OF CHARTERING AND SUPEFVISORY AUTl10RITIES 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 /> ITl1L n10RTGAGOR PURTHIsR C(1VENANTS AND AGRI.ES :
<br /> � 7'hat thc hlurf �;agor will pny thr indebti•dnrva u, hi�n•in6��(nr�� pruvidrd.
<br /> 'Phnl thr Murlgu�;or i�: ihc uwnor of �aid pruprrlp in f�•r simpl�• and ht�.s �oud rft:ht and lawlnl ❑ulhorilp In sr•II nnd
<br /> . ronvev Ihr rnme and Wal th�� yam�� is (cee m�d clrnr u( any lirn nr rnrurnbrnncr: :uid � hal ltorl;;:igor will wnrrnnf nnd dr(rnd Ihe
<br /> � ti�ie to M�id prrmises at;uin��. the clnitns o[ nll persuns whmn::ur��er.
<br /> , Tu puy immediatcly whrn due nnd pnyuble rdl Renrral taxcs. .p��cial t:urs. spociul i�ss�•ssment.. w�rt��• ch.uF�'a. srwi•r .erv-
<br /> ica charg��s, tmd nther tazrs and eh+vg�•s �igniuxl s:iid I"�roporlp , nnd all t:�xi�s It•vi��d un thr di•61. srrurr�i hereby. :uid to furnish th�•
<br /> F. . .� TloitgnF.�Y. upon requrst. �rith iLe orieimd ur duplic�dr rrceipls ihrrr(ur. '1'Lr Mor(ga�:ur agmes IhaL tl�rre shall be udded in
<br /> i�ach monthly pnymcnt rrquired herrunJrr or undrr the evidimi�e n[ dohf secunrd herrb}� nn amaunt r;tinmtud by lhe �1nrt�;ager
<br /> to INr ,u0icienl to rm�bl�� lhe Mort�;agce tu p�p�. as Ih��p 6eivune dur, ull is�scs. as�i�ssments. :�nd �imilar clru�c.v upon thi� prrnr
<br /> iu•n su6jert Ihere�o; mty drlicietur}' becau,e uf tlie in.;u[liciency o( such additiunal paymrnts shall he (urth���ilh depo;itrd 6}' th�� .
<br /> � �lnrigagur ���ith Lhr nlorlqn�;ir upun d��inand tiv the blortt!i�ge�•. Any di�fault �mdrr this para�;raph ahull bi• dr��mrd n di�fault in
<br /> payrravd nf lnzes. �r.,,essments, or �imilair charAes nv�uin•d hrrrund�•r.
<br /> � '1'h�• D1urlFnqor :itirres ihat Ihrre nhali alsu b�, ndd�•d tn ��.irh mnnthly po-�yment uf prinrip:J nnd inlorecl n•yuin•d herr�
<br /> � under �in amount cstimatrd L�� ihr M1inrt;;ager �n bo sulliei�•nl tn rnnblr ih�� Aturlt::il��•r� to p�ip. as it hrcumrs dw�. ihe in�,uroncc
<br /> '. pr�mium un anp insoranc�• pulic}� drliri�md tn thr \ lurt �a�;ei•. Any delieieney brcause ��f � h�• in.ullicirne•y �,f .such additionnl pnr'
<br /> . rnrnLs shnll Ixr forlhwid� depusil��d bt' lhi• Alort�;utinr u�i� h thr Alurt�;n�;re upon drrnryid br lh�• �furt�;a�;c��. :Anv di�(t� ull undrr this
<br /> parr�graph sh:ill lar dremed n defnuli in lhr pnpmenl n( insur:mcr prrmimn... If thr policy ur p�qicirs d�•pu:ilod ar�• such as humr�
<br /> �. uwnrrv or all risk policirs, and th�� deputii4; are insulliri��nt tn pu�: th�� �•niire pmmium, th�� \lnrl�a�;cc• ma�� ;ipply the drpasit tn
<br /> pr�y' prrrniums un risk� requirrd tn h�� in.umd by this mortC�iCe:
<br /> q .
<br /> �. Paym�mts m:ade bc the \turt�;a�;or undrr thi• nbo���� p:ir;� � raphs mny. .d thr uption n( lhr Alort�;ngi�r, be 6��Id by it and
<br /> � cummingicd wilh o� f�rr such (unds ur its mcn (unds to[ ihr pnytnr•nt o! such itrm<. ;ind until +n :ipplird. vuch p:p�mi•nts am h�•rrh�-
<br /> pl�Ylgi•d as security for Ihi� wip:iid bailance uf ihr mnrt�r�K�• indeLt��dni•sc.
<br /> i .I�u prucure. delivrr in, nnd maintain for the ben�•6t of lh�• �InrlFa�;oo durink th� li(r id thi� mort�;:etic urirint�l pulicies .�nd
<br /> j renewals thrrcv�f. drlivered al I��usl li�n daps belore the expiratiuu uf :ury :;uch pulicirs. insurint; :�F;iinst firr nnd uther in,uri+hle
<br /> ha�zurds. casuallies. and continge^cie•s as � hr Dlurigatiec may requim. in an amowd rqual tu the indrht�dnecs s�•cured hy this
<br /> � A7url�a�e, and in companie, acceptnblr tn the �1ort�a�;ee. a�ith In;s paynble elaus�• in fxvor n( and in turm acceptahlr In thi• lfnrt�;e�-
<br /> ;� � g��i�. In lhc e��ent :my pulicy is nol. r��new�•d un nr b��(ure ti�n day; uf its i�xpira[ion. Ihr \7urt�;a�re may proeun• in.suranrr• ��n thr
<br /> �� improvetnents. pny thr pn•miwn them(ur. and such surn x�6all bec:,m�� invnediat��ly dui� �md pnyahle with in(err<t ad ihc ralr c�d
<br /> . furth in tiaid noli� until paid :md shall bc �ecurrd by thi= tnorlS:�K�'. H ��ilurc on thr• p�rt nf thr \1urt�;agnr in furnich such mnrwals
<br /> � a� nm hi•rcin rryuired ur tailure tu pay a�rv sums ad�•anrrd hrrrundrr sl�all. ul tho op� iun o[ thr \turl�:ngrr. c��nstitute a de(nult
<br /> � under the terms nf this murl�;�i�;��. 'fhr di•livr•n' of such pnlicira sh:dl . in lhe e���im� o( drfault . cunsfifUtr nn a�zignm�•nt ul the un-
<br /> r�arncKl premium.
<br /> i'
<br /> :1ny �um: re�ceiced by thr \lurt;;a�;ee by n•:isun uf lo,: nr �lamn�;r insurrd ag:�inst mar Le r�•tainrd b}� ihr \ lurtr;a„en
<br /> :and npplirvd tuvward thc papmenl o( th�� di�bl h��roby s��currd . nr. al lhr uptinn nf t6c U ��rt �;u����•. .uch .ums ��ilhrr whull}• ur in
<br /> � . pi�rt maiy Fe pnid ov�•r In 16c T9urt�at;ur to Le �i=rd tn rep;� ir .urh Imildint;a or tn build m��r buildin�s m thcir phire ur (ur nnp
<br /> othNr purpusr or ubject �.�tis(ac�ary to Ih�• A1nr�ua�;�•e �s•ithnut :d[�•ctini� lhr lirn nn thr mort ;;a�;e Inr ihr full amnunt n�•eur�•d hem-
<br /> 1 � by b�•(urr such p�ptncnt �•ci�r ttw�k plaa•.
<br /> + 'I'u prmripUy rrpair. n•slore ur rrhnild :in}' huildini;s ur imprnci�mrnis now nr lu•rr:dirr un lhe �rrrrnisas �chirh may lk�-
<br /> � [•omr dmm�aed ur deslruyrd : to kerp ;aid prrntis�s in guud i'nndition and rrp:�ir aud frer (rum :uic mrchanic'c lien rr ulhrr lii•n or
<br /> - riaim o[ li��n nnt rxpre�sly suliurdinuled lo thr lion hrri�u(: nut tn su(Trr ur penni� nm� unlau�(ul u.0 uf ur ;my nniaance fn rxict on
<br /> � c�id property nor tn �;rrmit H�aste un �uid prerni�e�. nur tu dn �m�• uther nct �vh��rrl�}' ttu� prnprrt}� hi�mby <�um�o���•d sh�dl fa�cumr
<br /> . letis valuahle. nur lu diminish ur imp;�ir ils �:�Iw• b�' any url nr umissiun lu :�cL tn rnmph� ���ith all rrqnin•nu�nt. o( Inw uilh n•�pre[
<br /> ln ihe morl;;a�ed prentisi�s and t6e u�e thrrro(.
<br /> . "I'hat should lhe premises or anp p:irt tLeren( Ix� taken ur d�+matied 6y r�•a��m uf ;�ny puLlic• improvrmr�rt ur cundemn:uion
<br /> prxe�klin�. or under the right uf rrninent domain. ur in any other mann��r. tho \tnrt ,:a�;er shull Lo �•ntilled tn all rump!�nsnlions,
<br /> aw�urds. and any other paament or r��lir[ thrre[or, and ,hall b�• eulitlyd. .�t its nptiun. In nnnmencr. ;ipp�•+� r in and prr.,:�rut�• in it=
<br /> own name any action ur prrx•e��din�:, ur to make any comprumise or s��tUcmrnt in c��nn�•��tinn w�ith ..urh takin� ur d.�mago. :111 surh
<br /> compeavf 'tiun. awards, duma�;��s. riRhLnf actinn �md prua��rls :� n• hrreby as.;i�ned lu thr �forl�;age�'. ���ho mny. :df�:r drdw•� in�;
<br /> _r:
<br /> � therefrom �ill iLs exPrn,rs, rel��ase an�• nwnc��s =u n��ria�•d by it ur apply th�• .amv ��n nn>� ind�-ht��dn��s: .�•run•d h��mby . 'fhr \lurt-
<br /> � gai�or tfi:mrs lo exotvle �sueh Iurthrr assignments of nny enmp��n�nuun , rnrnrd=. Janw�:rs. und ri� hl� � d nalinn i� nd prn��rrdn a, fhe
<br /> i- . 1Turi�;aK�'�' may rryuim.
<br /> � Thal in casc• of fuilure tu perfr,rm any af thr cu�'��n�+nfs hon•in. Ihr �turt�:tgci� may du nn Ilu• \lurt �;a�ur's behnlf r��erythin�;
<br /> -o covemmfed: lhat th�� \1urt�agrc may nfso du any .ct d m:rv dcem n��a•.wry �n protert thc lion th�•rru[: thnf ttr• \turl�;a�nr ���ill
<br /> repuy upnn dem�nd any monoys paid nr dis6ursed b�� thr lturtFn;:i•r fur anp nf thc :�6n���• purpnso.. and such m��neyti tn„rth�•r wilh
<br /> { interc�;t therron at th�• rate pracidrd in said nuti• shall becum�• sn nwrh ndJiliunnl ind�•h�rdm•.s Lrnrbc =rrun•�i and may 6r iu �
<br /> � cluded in any decree foreclusin�; thie mortgage and he paid nirt uf lhr rrni. ur pro��reds o( sal�� u( s.uJ prrinis�:, if nuf ot6cr���fw�
<br /> puid: Lhut it shall nut }H• abli4:�tury upnn tho Vnrl�:uge�� tn inquin• inur th�� �;ilidilt� n( any lii�n. �•ncunthr:inm., � �r rinim in ad-
<br /> � ��ancinR monrys aa �boee :uilhoriz�•d. but nuthini: hrr��in a �nt:�in�•d shnll fK� run.;lrui•d ❑< rrquirin;: th�� \lurt {;a{;ci• tn advancr nnV
<br /> muneys for anp such P��rpose nar tu do arry :ict h��rrundrr, nnd Niat \1ortF:�er�• �h;ill nnt inrur nny prr..unnl liabilil>� b��rau�i• nf any'
<br /> thin�; il rnr�y du ur nmit tr� du hi�re•und��r.
<br /> . ln Ih�� ev�a�t of thi� default b�' Mart�;agor in thr pa}�mrnt n( ane in.tallnu�nt. as requiri��i b�� t6�• i�al�• .rrurrd h��mbp. or
<br /> in thc �x•rformemm uf the obligatian in this mori�n�;�� or in lhe nut�• secured th�•rrhy. llu� �1nrt�;a�ec shnll h�• ��nlillyd tu d�rlare tho
<br /> . debE secured hereby due and payahle withuut nolice. and tb�• Aie�r [Kn„�•r shall Lo �•ntitird nt iLs uplion. «�ithout n��ticr. �•ith�•r bv it�•II , � I .
<br /> ur by a rcceicrr to be appuinted hy thi• court thrreuL rmd �vithout re�:ird tu th�� ad�n�u:�cy uf :�ny �e•curil�� f� �r th�� indrbt��dnrss u•- � .
<br /> curc•d hemby. tu vnter upun und take po>sessiun nf Ihi• mnrt �;aged prrmi�ea. nnd tu cnll�•ct nnd rrmive � h�- rrnts, issar; and proiita N . .
<br /> � thr�rcuf. and upply thc samc, I[�ss c��+ts uf operntiun and collrctinn . upnn � hr indrht��dnc:s .�•rur�•d b�� Ihi; mnrt �;ag��: .�.�id rrnts. . � . .
<br /> is�;u�•s and pmfils Ix'in�; here}rv ��ssi�;nrd tn ihe Uorl�a4ri• :m (ur� hrr s�•cnrity G�r the pn��mrnt uf all ind��b���dni�.. ,�rumd hrn•Ly.
<br /> fi :
<br /> <-
<br /> '1'he 1for��;�jK�'�` shull Lave tLe puH�er to nppuint any a�;i•r.t or :��:�•nls it tnap d��sirr fnr ih,• purp��<�• � �1 n•p;nnng .e:�iJ prrnr r'
<br /> iv>s: r�•nlmK lhe samr, i}dleeting thr mnl�. revrnuex nnd inrom�•. :mrl it m�iy pac ��ut u( s:ud inr��nu� all �•� � �� � n.i�s incnr.�.l in rrnt - �
<br /> t!f
<br />": in{; end mannginC lh�• s:imc nnd of cull��ctinK lhi• re�ntals thrmFrum. 'l�hi� b:�lancr n•m:�inini:. i( :un' . .hnll Lr ;iEqdirJ tu�eanl Ihr ` .
<br />;� dischnrge ar the murtga�;e indaM��dm•s�. 'I'his a�vi�;nmi�nt i. tn tormin:�i�� and M•cunv null nnd e� �id nP� ��� rrlrn.�• � �f ihi. mnrttni:r.
<br />>
<br />.`� �, , �
<br /> 'i5
<br />' . C
<br /> -�t
<br /> 9
<br /> �
<br /> �
<br />
|