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�:� _.�. '' `;: �� , . ,a.Fs. "; � , -� � h3 . ��;; � MURTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SHALL �E r�:� APPLIED TO INSTALLMENTS LAST TO BECOME DU@ UNDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE NOT IN DEFAULT � AND ARE 7HEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON � REQUEST OF THE UNDERS�GNED, OR EITHER OF THEM, PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 300% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO- HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTNORITIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS SHALL UE SECURED BY THIS MORTGRGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE. T}I� n40R'CGAGOR FURTFIP•.R COVF.NANTS ANn AGRIiES : 'I'hut Nie Morigtigor will pi3y ih�• indrbtvdness u.v h��reinLrfore prnvidrd. . 'Chnt lhe Murlgagnr is tlic uwnrr nf aaid propert}' in f��• simplc ❑nd hav t:und righl anJ lawful rmtliurily in .rll ❑nd � ennery the snme :�nd thul lh�• same i� Iree and elenr ��[ siny lirn nr rm•umbrnnce: and tlnU 91nr(�:+i�:�v will �cnrr:u�t ;+ nd dr(i•nd Ihe �. � titlN ln a��id premiscs t�Fui �ul the rluims o( all P�'rsonv whnmsue��rr. : 'f'o pny immediFd.•ly whrn due and payahle adl general taxrs. sprcial lnxea. tipi•rinl ass�•.smenls� w:dor vh�irg��s, suu�er sc•rv' ice rhurg��s. and uther laxes and charges ag��inst s:iid prop��ric. .ind nll laxes I��vird un the Jrbt vrcurud hero6y. nnd �n (urnish tho �. MoA�;ngee, upon roque+l. ��ifL Ihe originnl nr duplicate recuipls ihi•refur. "1'lu� A1ort�:ngur �ig«•��s Lhal ihrce sLnll bo aiddnd In � �•ach monthly pnyment required herrw�di�r or und�•r the i�vidince ��f drbt src�ved h!�n•by nn amount c,tim:ded by f6e \9urfga�;rr � to hr su(ficirnt �u enable the 1lortgu�ce to p;n�. :�, Ihry becnmc due, ull I :�xcY. ass�•ssrnenls. ;md similar ahar�;es upun thi� prem� � ises subjecL thereLo: any deficiency becnuse nf the in,ulGciency u( such additionnl ��ay'tnenls �hull be O,�rthwith drposiled Iry lhr � 11ortgnKur wilh th�� Dlurtgr�gec upnn demand bc Iho Alurtgugve. Any d��fuull under [his pnragnph shall Lr di�emrd a JrGmlt in � pvyrnunl of Insrs. assessmen�s. nr similar chnrtie� r��quir��d hrr�•undrr. � '1'he \turl{;ngor a�;re��s Ih�u Ihere shall :Jsn b„ :�ddrd iu rarh muNhly p:rymonl nf prinrip�J ;md intrr,.•;i required hi•rr- � undor an mm�unt es�imutrd by the �Inri�;uy��u tu br �snflicicnl tu rnn6lr th<• �fnri�;agei� fu pi�y. +u il Lrcum��s due. th�> insunmec pmmium un �nY inxurunrr pnlicy drlivrn•d to Ilu� '�1nrt;;ng�•e. Any de(icienca b�,c:m.e af thr in:u�ficirnry u( such :id�fi�iunal pay- F' rnt�nts vhall br (urlha�ilh drpusilyd i�y thr \lortgaR��r wi � h thr \iurl�;a;:��i• upun di•may�d b}' Ihr 11ort ;;a�;i•r. Any drCaulL under this paraGruPh shiill lu• deemed a �lo(ault in thu p��ymrN of in:urance pn•miums. I ( lhr }�ulicy nr puliri�•s dopn.itrd arr .uch xs humr. . uw�neri ur all ritik puliri��s. �ind ll�e drpusils are insuflirii�nt tu peiy Ihr �•ntim prrmium. thc� lturf�a�;rc ma�� apph� Ih�� d��pnsit ln ` � pny premiums un riskti reyuired lo br insured by thi.; murlti+U:r: H Nti�'menfs made by thr binrtR:�4��r um{rr th�� abuv�� pnr:�{;raph; nitiV. nt the nplion u( lhr \Iurl�;;i�;r��, 6�� h�•Id Ly it :uid :� i�ummingled �rith othrr .such funda or iIs o�+�n funds Fur U�o pnyrneu[ u( such ilr•ms. ;md unlil vn :applird . �uch p+�pmenls ,� ri• Lrrrb�� �; . pledged :is crcurily (ur thr unpaid L:danco uf ihr mnrt �;a�;e indrLtrdni•sr. z; Tu prucurc, d��livor lo. and mnnrtss3n fur ihe benefil o( th�• Dfur��;nueu durin� Ihr lifi� u( ILis ntortg.��e urium:d pnlicie, ;md rrnewnls thenK>L delivered at li�asl f�m duys IK�(orr lh�� expir:uiun uf :ury' surh policir.s. insurin�; a�ninst (iru and nthrr In,urahle � hurard�. casuidlies. an<! cuntingeneios as the Dturiy;ngec may mquim. in :ui amnuni rqual fu Ihe indt�btednesa ��=currd hy this '�inrlFage. imd in companirs arceptuble to th�� A1ort�;a�e�•. �cifh Ins. pnynblr cl.wsi• in [xvor u( and in (unn �cceptaMr tu lhr• Afurtea- � gi>e. In [hi• event any pulicy i; nut rrnr�r��l un nr brfon• Irn da�•; ni its expiraliun. llu• Murl �;a�;r�� may prucurr• insurincr on thr improvements. pay tl�e pn•mium tl�em(ur. nnd such sum shid ( bre'�rnc imm�vliateiy �Lir :+nd psy:�ble �cilh int�•rv•st ni lh� ralr c��l furih in u�id nnte until piiid and sh�ll be srcurrd by ihi� mnrt„agr. F�iilurr �»i � hr pnrt o( th�• Alurt{;ugnr fo (urnish such n�newnis � as t�re hrrein requir�d ur (ailure lo pny any sums udvanrcd h�•rrundcr sh.i11. ;it t6r op� ion u( tho �inrttia�;Fo, cunntituf�• a dr(a�dt .: : under lhe lernu uf this mort;;aFe 7�hr deli�•rrp of such pulirir; shnll, in thr i�ee•nt of deLudL cnnetitutr un .3s.i;;nment of thr un� ; anrn<�1 prrmium. �. :\nv +urns recrivi•d by � he \tort�atire b}• rr:isau nf Im; nr damu�e insurrd ;i�;ainst man� he n�tainrd h�� ih�� \I��rt�agre � sind applivd tuward [hc pn>anent oC lh�� d�•b� hrn•by <rcurrd. or. ut � hr option o( th�• Alort;;n��i•. such +ums i•i �h„r ..�holly or in � pnrt moy h�• paid nvnr lo the Mortgagor tn Ik� wed to rt•p�iir :uch 6uildin�s ur tn huild n<�w huildin�;> in thi-ir E�le�cr or (�u any ; � Nlicr purpusr ur nLjrct s:�Usfactun• tu � h�� iartt;n7;��• witlwu� nlT��i•[ing th�• li�•n un tho rnurt ��:icr (ur ihr full :uuuunt s��rivrd horrv Ly hofure sui�h payment rw•r l�x�k plarr. � . 'Pa prornpilY rrpz�ir, rosturr nr rcLuild ❑uy Luildin�s ur imp�ucrmrnt. nu�c ur h�•rral �rr ��n lhr pr��mi>es ��hii•h ma}� Ir�- c` s - rumo dumaged or deslruyivi : tu krep .:��id prrmi�r< �n ;:�N �J rnudihun .md mp�iir �ind Grr irum iiny mrchnnic's G��n nr niher tien nr � cl.�im uf lirn nol �•xpre;.cly suburdinalyd Iu lhr li<•n hor�•o(: n� it tu suff��r nr prrtnd nuv unlm.ful uav nf or nnc nw.:�na• tn rs��l on c:iid pruperty nnr tn pi•nnit wnstr nn ciid prrmises. nor In dn ;wy uthcr .irt �.�hrrclp' tLr prupi�ri}� he�rehp cunvrprd sh�dl Ixrnmc '- - 1�•s.s valutiblc. nur lu diminitih or irnpnir itx v:�lue Ly nn}� nrt � �r umitininn tu art �. tn oumpl}� ��ith :dl rryuirrm��nix ut I;nr �vi� h rr��ct � tn lh�• mort�;�i�;��d prertiis�•5 and lhe use � L��n•��1. i 'I'hut should the prrmin��.s or nnc part �hrr��uf b�� Inken or d�une�;��d bp rrnrnn nf :�nc publie fmprr�-rmen[ nr oundrmnutinn _ . pruceecling. or widur the right o( rminrnt domain. ur in any uthrr mann�•r. th�� Afa�rl „u�:��v hh:dl 6�� entitl��d t� � all rumprn;atinn.a. e �nvi�rds, und anY othi�r pJVmeN ur n•li�•[ ILrn�(ur. �nd =half hr rntitl�•d. :n it.� „pti� �n. t�.� ennvnener. :ipprar ia :wd prte;itiute in its . nNT nnmv any :�ctiun ur pnu:eedin�;� or to mnke m�y ��nmprumisr ur vvitlomrnt in cunnection �cith .cuch tnkin;: �v d:imn�;r. :\ II .urh ` . �'omprnwlion. awiirds, dmm�y;rs. rit:ht uf nction nnd prnrrwli am h��n•hc ns;iKnod d � ILr Nur� ��fFe�•. ��hu inut�. nfter d�•durtin� �. Iherr(rnm all il, �+apeusi�;, rel�•a�i� any monry.� su rrrrrv�•d by it ur a��pl�' � ho s;unr ou :iny indi,blednr•u s�•cumd hrroby . "I'h�� V��rt - e .. g7�Rnr ngmes to i•xrcu(e sur6 (urthrr a;;iRnments o( :viv rv�mprn :nuon. :��canls, dnnvicr> nnd ri�;ht, nf :ictinn :uid prur��rd� ;u thr i .. piorlt;:ise<• may mquirr � � 'I'h:il m casr u! fnilurr tu perfurm ony ��f Ihr rucrnnntn hrr�•in. tho Aturi �a�;��a mat� d�� nn thr Nnrt �:.��:or's b�•h:df rc.�ry�lhin� . no covrn:mted: tluit tl�e Mort�;agee may alsu dn :mp .cl ri mnp derm ner�•ss;� rp m prni��rL ii�r ii�•n ii ��-� ��,-�: tha� thr A1nrt�n�:ur �cill - ��, rnpuy upon d�•mand uny muni•ys paid ur rli�bursed by ihr 11urtR:�Krc (or a�tv �d � hi• ab��er purpu;rs. and surh monrc. ��;:r� hiv �s�i� h 'r inlnresl lhereon tit ihr nn�• providrd in .;nid nntr sh:dl breunu• su muel� addition:d indrbtrdn��s� hi�rrhv s�•cnrod :md ma}� IN� in- cluded in any d��cree (nrrclo:in�: this mort�n�e :md b�� puid uul o ( lhr mnls ��r prucrrds ut .rale ��f .:ud prrmi.��s ff nn� uUu�naisr• paid: that it shalt nut be uFli�;ntury upon th�• Dturt�;n;;ee to inqwro intu ihi� validitv u( am lirn. �•nruml�,ranrrs, � � r cl��im in ad- rmcin�; moneys us afKrrr nuthuri:.cd. but nulhin� h�•rrin cnnl �un��d shnll IH� c��n.vurd :c; reqUlriu{; Ih�� \lurtt;n„r�� tn adcanr�• :iny moncyx [or tfnp �:uch purposc nur lu do nnp art hrrrundrr. :� nd Ih :d �lortga�:o�� 6�tll m �l fncur flnc p�•rsun:d IiaLlGiy lu�rnu.i� af �nv' � IhinK it mm• du ur nmit tu da herrund��r. i In thr �•vrnt u! thv drfault by �fort�;�gor in Ih�• pn}'ment ot :iny instnllment . :i: ri•quir��J hy thi- ti� q �• .ri-ur��d hor�•b��. ��r in Ihe perfurmuncr of Ihr ubligntion in this rnur��;a�;i• ur in thr not�• si�cumd iherehy. t6r \1��rt�;a�ee shull br �•nGlli�d U � d�t'lan• thr deht secured hereby duc �and paynUi�� rilhuul nofin•. nnd � h�• \1ortAa�;e�• shxll L�• �•ntitl��d a� iL� uption. +�'ithunt nniirr. i•i � hrr by iiarlf , i . . or by a recricrr t�� IH' Il�l�lU11lI(YI I)Jr thc caurt ih��rro(. iind ��ithuut rr�nrd tu Ih�• adiK�uucy' ��f nm� src�irity (ur thr ind��Ltriinrss v�- . � , rured hereby. tu rntrr upon and talcr pusse�siun nt the m��rlgu�od premise.. :md tu rullrct nnd rrcri��r thr n•�rts. i,�m•s ;ind pra(its � �y '� lhrrc�<�L and apply �I�e snme. li�>s coslv nf uperalimi iand cullrctinn. upon lhr indobtrdnr;. .ecun•d h�• thi� murt�;+�tie: said rrntc. � ' . � � I isvui•s and ptofitv Ix�in� hereLy ns�i�;ned to � hc Dlorl�;:i�;r�• as (urth�a ,ri�urity� L�r thr p:i ��m�•nt a( all ind��hirdurxc <��run•d h�•mhy . _ d' �' '1'hr A1ort�;ngcr shall hnvr lhc� pow��r tn ap�wint any a;:ent ur i�g�•n�s it mny dr:irr L �r Ih�� nuP� ^�• ��f n•pairin�; .,:ud prrm� n � Y_. '. i�s: rentmg thr sumr: adlecting lhc renl.ti. revenues and incumr. and it may� p;ip ��ut � �( .;iid iu��nnu• nll � �. ��rns�•, inrurr.l in n•nt - t�C7 inK nnd monnging the .Same and u( collrctin�; th�• renLdv Ihi�ndrom . 'Phr b.Jancr n•in,� ininc. �f nny . .hail h�� a � �� li�•d t� ��+:�rd tL� � � dixvhnrge of the mor��;nwe indcirtedn��se. Thic iissi�;nm�•nl is lu i ��rminnt�� and iH�rnm�• null and vnl, l nl �� ,n r,•I�:i.�• �,I ihi: nn �rt �;:i�;�•. . . i- 'a �` ir � J .. p{ S i 'i � �