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<br /> 4� MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLIAENT DUE DATE. SUCH PREPAYMENT Sf1ALL [3E
<br /> APPLIEO TO INSTALLMENTS LAS7 TO BECOME pUE UNDER THIS MORTGAGE. PROVIDED THE UtJDER5IGNED ARE NOT IN DEFAULT
<br />" � AND ARE THEN THE OWNERS DF THE MORTGAGED PROPERTY, UPON REQU[ST OF THE UNDERSIGNED, OR EI7HER UF THEM,
<br /> PAYEE AGREES TO FURNISN TO THE UNDERSIGNED 300% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO•
<br /> HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFfECT. ALL SUCH ADVANCEMENiS
<br /> SHALL BE SECURED BY THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE. '
<br /> � ; 'I`I{F. MORTCACOR RCJRTHI:I2 COVP:NANTS AND AGRP:ES :
<br /> 7'6at. the D1or(gngur will pnY thu indrbti�dm�ss zi�s hrrcinb��(ore pruvidrd.
<br /> 'I'hat ih[� �9urlgt��;ur is Ilu� mvnrr of aaiid prnprrtV iu G•e tiimplr :uid 6ns {;ni�d righf :md I:i �ctid �!uihnrilv In ..rll :md
<br /> , c�mvi�y Ilie vame ��nJ Ihn� thr .enmr i�; (me :md clrnr u( un5' licn or enrmnbranrr: iind Umt pi� �rlua�:ur will �ct� rranl ��nd d�dond Ihc
<br /> � tiUe to said prerniaes e�gainsl fhe cl;iims u( nll prrsuns whumsu�•v��r.
<br /> 'Co piiy immediutely wh�m due rmd payaLli• oll Goneral t �un,n. vprcial taxrs. sprciul oti.rssm��ut ,. u��d�•r rh�rties, s�•w�• r >rn•� .
<br /> ice rhivges. nnd other taxcs and cb:irgrs ag:�insl �aicl Prop�•rty , ;inel all taar.v Irvicd un Ihr dcLf �rrur�•d hcmby. nnd tu furnish ihc
<br /> n4urlgugee, upuu rrquesl . will� the originul or duplicaic rrci•ip4v th�•rrfur. 7'Lr �lurly;akur ���;mca llmt Ihrrr sli��ll 6�• nddnd to
<br /> ench moni6l}' P��)'���ent rcyuir��d h<�rrunder ur und�=r th�� evidimc�• u[ debl srcured hrr�•b�- au mnuuut estimaifvd h�� th�� A4urtgiepee
<br /> tu he sullicir. nt fu euable Iho \lart„a{,m tn pt�}�, as Ihi�y b��cutn�� duc. �dl lasr.<. atisrssrnents. and similnr clmr�;t�.a upun Ihr ��rrm� i
<br /> i�s nubj�rt Ihervto; nny deliciene.v Lrcaus�• nf the imullicienry of sur6 additiunal paymi�nt, sh.dl be Inrthwith d��pusiti•d hy tlu� '
<br /> hinrpCn�;or with ihr blur�gag�•�� upun drmnnd by th�• 9lortgag��r. :� �q' drfnult undi�r ihis pnrnt;riph �hnll Lr d�•�•ined n d�•Gmlf in �
<br /> pnym��nf o( laxos. nsseti;mrnt:. nr similar chnrgrs r��quircd h��rrundrr.
<br /> k � 'I'h�- Aiurlt;a�;ur atirr�•s Ihal th�•rv shaill al:u b�• :iddrd t� � rnch mouthl}' pa��nu�nt u( prmrip;d and in� urrst rrquin•d hcr��-
<br /> , undrr �ut rimuun6 c,titnid��d 6v iho pinrlku�r�� t�, L�� sullirirnt in ivuihir tlio A4url ��i;;rc tu pirv. a; it h��n�mr.; dui�. Ihe inwrnnci•
<br /> � � ��mntium on nnY insurnnc�• pulicy d�•livrred l� � tlir Alorl„�+kc�•. :� ny d��lici�•ncy brcntu�• o( th�� invulfiri��noy nl .urh addi(innal p:p•-
<br /> � �. monts sha�l h�• furihwith di�ponited 6y th�• b9� �rtgagur �ti�ilh Ih�� 11nrl �;nprr npnn d��m:qid by� th�� :Alortt;rit�i�r. Any d��Otull undrr this
<br /> i' p�r.iqruph sh�tll lie d��i•ntrd n dr(�ndl in thr p.�ynu•nt nl iu�urm�ce prrmiums. I ( thr p� �lirc or pulieirs Jrpir.it��d ;iro sui•h ��5 Lum�•-
<br /> �� uwners or all risk pnlicien. and tluu drposilv an� insidlirii�nl tu p:ip th�• ��ntirr ptomium. ih�� Alort :;n�er mm� .ipply Ihe drpncit iu
<br /> � pay promiumr; on riskn n•<p�irrd tn b�� insured 6y ihi , mnr11::U:�'.
<br /> . I 'aqmrnls maJ�� by ( hr \i��rt��i�:or under thc nLuer pnraRriphs m,rc. :n thc uptiun uf th�� \IurtFa;;�'�', br hold bp it and
<br /> . c�nnminRleel wilh uth�•r such f�wds ur ils uwn funds (or tLr p:q'�nent o( such it��rnti. �md until so :ippli�•d. aurh pa7m�•nl. :�m Ix•rr�frv
<br /> j� ; pliYlged as s�•curiiy fnr �hc unpuid hrdanc�• ol � h�• mort �;:u;�� indrbl��dncs..
<br /> ' "I'o �xucure. deG�•rr tn, and muinteiin [or the brnefit nf thi� Rlnrt�;:igr�• durinti Ih�� li(r o[ this �nort�;a�;�� nri�inal Pe�lici��: nnd
<br /> �' I rrnewuls ther�Yd. dcliverrd nl least tan days Ix>[nre thi• rxpir.dion nf imy 4uch pnlicie:. insurin{; :�F��inst firo a�nil utl�rr iiuurrible
<br /> i }mzards. casualties, imd cuntingenci�•s as ih�• Afurtgagi��� m;�y n•quiro, in �m amuunt oqual to the indehfrdnrss sirumd Ly this
<br /> . ' Murtgage. nnd in cump�mirs ucci•ptnhle lu ihe Atorti::q:ei•. �vith los.; pny:�ble i•lause in (acur ot and in tonn :�ccrptnhir tn Ih�� \tortg:�-
<br /> ," � g��o. In the evi�nt nny policy is nat ronrwrd un ur befur�• trn d:iys uf ils rzpiratiun. lhi� �turf�;ag�•e muy Prucure in:urancr on th��
<br /> �,, � impruvernrnts, paV th�� premium therefnr. :md ,uch vum .hall bec:�mr imme�dintely dui� und p;q�alde w�i � h infi•msf :it Ihr rntr• .ot
<br /> (urfh in uiid note unlil paid nnd shall bo .rcutrd trv this murt�aRr. I'ailur�• nn H�o pun of th�• 11ort�;at;��r tn furnish :;uch mnc�wnls
<br /> ' i as nrr hi•rein required or (ailure ln pny anr surnc advancrd hi•r�•und�•r shall. :it ih�� uptinn �d thi� �4ort�ati�•v. ci�n,� itutr a defnult
<br /> ; � und�•r tho tarms uf Ihis murtga�;r. 1�hi� d�•li�'on' uf such pulicirs sh:dl. in thr ��ernt uf d��fau1L ranstihrtr :m :�ssi�;nrm•n � nf thr un-
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<br /> rnrn�vl prrmium.
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<br /> Ail\' .�UR16 n�ceivrd hy Ihe \lor�gakco b�' mnxon u( Inss or damz�tie in�umd apuinsl ma}' bi� ri�l(iin�•d 6�� �hr \lurtgngrr•
<br /> i � :�nd applicd tuw,� «I thr paymAmt u( thr drhl hrrrby- secured. o [. at tht� uplinn o( lhr �lnrl�n;;e��, a�ch -,ums rithrr whnll �� ur in
<br /> p»rt mar' b�• pnid uw�r In ihe Dturltiakor tu txr us��d tu rop:�ir �urh huildin�;s nr iu build ni•w Luildinks in thr�ir pinrr ��r inr any
<br /> ': ' nl}��.r purl�����• ��r ubji•ct. sitisLic�nry in thr \forl;;n�;i��• withuut ;dTi•i�tin;; � hc lii•n nn Ihr m��rt�atir (nr lhr lull .�nu �unt .rcun•d iu� rr.
<br /> ' � Ly bi�[ur�• .uvh 7myrnrnt evrr t�x�k placr.
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<br /> 'I'n prnrnplly ropNir. rr.anirr nr rrhuild nny Luildin;:. �� r imprm'��m��n�. nu�o or h�• n•u(u�r on ihr prrmisc� �� Lirh m:iv i�e.
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<br /> :, � i�nn:r� dumnp��d ur drstruvrd : tn kcep naid pn•mi.yr; ut �;�� �d cunJiti� m .uid repeir und (rrr (rom .mc m�•i•h:inir', li�a� ur �4hrr li�•n nr
<br /> ' � i•Inim of lit�n unl exprr,sly .;ulwrdinali�d tu lhc li�•n h�•n•uf: not to sidL�r ur prnnrt ar�y unL��vlid iur � �f ur :mv uuisanr�• lu rsi,t on
<br /> ' snid pruprrt�• nur ta p�•nnit H�a.�tr un v:� id prr�rii.c�. nnr tn dn :inv uthrr :ict �,chi�r��lr•: Ih�• �iroprrl }� hrrrbt' cunvcti'od .h;ill h��r�an��
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<br /> - I��:c valu:fbl��. nur lu dimini»h nr impuir ii � �•ulw• by �iny :�r� nr � rtnis�inn iu nci : to r� nnplc « ith :ill r�•yinnam�nts ui Inu� w�iU� r��wp��rl
<br /> - tu thr mort�aCed pretnhE•s nnd tht• u.r ih��rro(.
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<br /> 'I�h,d should the pr��rni.:rs ur :my parf fh��rrof Ln tak��n ur dama�;rd 6y ma.nn oi nny pu6lir impruvi�mrnt ��r rundrmnatinn .
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<br /> prrx'ecdin�;, ur undur 16c ri;;hl u[ cmim�nt dnm.tin. or in :u�y oth�•r nuuinrr. ihr AlnrtF'a�;���• .chnll h�• cntitl�•d tn :dl co�np��n.:�tiona.
<br /> . ' awnrd,c. and :my othi-r paymenf ur rrli�d thi•rr(ur. ;uid .Ir{II hc vnlilird. zit ils uptinn. tn rnmm��nrv•. sppr:� r w :� nd prus�r�utr in i (.y
<br /> '' nwn namc nnc uctiun ur prucr��ding, ur lo makr� an}' comprutni��� or .tii•Utrrnen[ m �•urvu•i•tinn icith surh tnkin:' ur d:ima�e_ :111 .uch �
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<br /> • r�rtnpunuiliun. uwardY. (Ii1IRlnPV. fII:II� of nction ;�nd Prucr�vlr am hrrchy nc:iy;nrd �n iLr Airnig:q:�•r. �� h�� m:iy. nftrr drdurtin[;
<br />'' 'I thi•ndrom idl its cxponscs. ndi•asi• :my monry; vo rrcrivrd Ly it ur npph' (Iv�. .nnu• un :IDv ilul��Llrtln��.s .rcurrd h�•n�Lc �I �lir ��� i �tl �
<br /> � gutio� ngrret to �xrcutr uuch furth�•r :�.;sit'mn��nis uf �uiy r� �mpi� n .�rtinn. :i�.c;�rd:, dnm:�;:r�. :imi n�fil , of �i�iiun �in�l �m . . ., ', •
<br /> � � � � i :r, ihe
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<br /> Mnrlgn�rc mny reyuirr.
<br />� �: 'PLat in c��sv u7 fuil�trr lu p��rfunn ;im� ut � hi• rnernnnts hrrrin. � hr ?�inrlpfik���• mnp du un tL�• !�turtcn�;or's 6��h;d1 �°c�,n� thinC �
<br /> ; .:o rnvt�nnNt•d : fh�it thr AlnrtgaRrr may al�o dn anY art it ma�c drem m•c���<:� ry �n pru(ri�t ihi� li�•n � h��rroC � hnt Ih�• .'NnrlpnR� v will
<br /> � rrpay upon denwnd :iny moneys pmd ar disbunrd bp Ihr '�1urt�aRr�� (nr ��uy �d [he abuv�• purpv:rs. :�:�d r:ucl: mo:u•y !e�•edh��r �oi! h
<br /> intere;t lhemun at thr rale pruvid�•d in 4aid nu(r shall L�,rnnir sn murl� ;�ddifiun�d ind��Lt ��Jm�:: hrr�•6e ���rumd ❑nd mav b�• in-
<br /> � cluJrd in uny drerce (onvI�,sin� ihi�y �nurtCa�;u and bi• p��id oul n ( tliv r��nts ur �rr„c����d� ��f .nl�• uC ti.�id prrnii,��� if n��l �,thcn+-is��
<br /> � puid: Ihnl it shall nr�t hc nirlikulan• upon th�� �inrl ;;nt;ei� tn inquim intu ihr �';Jidih• nf any lirn. ��m�umbran�•r;. or ��laim in :id -
<br /> � v:mcing muneys uv nbovo nulhurizrd. Lw no� hin�; hrrein runlaim•�I slmll Iti• rnnstrurd ac nv{ uirinc Ih�• Ainrt ;:nqr�• lo :id����nc'�� :mv
<br /> munrys for any Such purposi� nur tu du :�m• :i�'t herc�undrr. :u�d tL:�t :1lurtt;:q'r'�� shnll nnt inr�ir nnp prrennnl liabili� c L��r:iu��� � �f :inv'
<br /> i thin„ it ma�• da nr nmit In do horvundi•r.
<br /> ', In N��• �•vrnt ui lLr drGuill L�' \1nrtl:+�f:��r in thr puy�mon � nf :niy in�t:dlni,.nt . a. mipiirrJ 6p thr \utr �ri�ini�d h��mb�', nr
<br /> � in thc perfurmancc uf ihr ubliqaliun in diis murlgssgr nr in lhr nntr sccun�d Ihrrehy. Ihr• 1f��rt�;n��•r .li:df h�� ��ntnl��d t� � d��rinrr � 6r
<br /> , debt s�curcd hrreby dur �uid pa��nbin wilhout noticr. �uid thr Nurtka�;�•i� sh:dl hv rntill�•d :�t i�s uptiun. �� i� hout ni,� ir�•. rithrr h�• il<i•II � -
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<br /> , nr 6y a receia�r lo be :�ppuinled by tho ruurt ihrrruL nnd without n�uiird ti � lh�� adi�qu;�r}' of any �i•i•urih� fnr thr iudrbt �vin�-.,< se � "�.:�� .
<br /> �. curcd 6rrebv. tu rntrr upnn and takr pnsnnasiun o( ihc murtgag��d pn•mi>rs. ;fnd lu cullrc� nn�l n�e��icr th�� ronh, i,=ui•s and prulits N � � • .
<br /> �. lli��rec�f, und appfy lhe s:uno. li�ss caiLs o( u�x�rn� ion zind cvlli�cti�u:. upon lLr indrb��•dnv�r .rrurrd Ly thi, ❑�nrtgaer: s:�irl rv�nts. � .
<br /> irsurs nnd profilv fx•in�; hi�n•by asxi�nrd ln thc �1nrt�;a�;r�• m furthi�r �rruri� v G�� th�� p:i �•mrnt nf :dl indrb�rdru�s� .rrurril herr6��. -
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<br /> . 'Phi• Morlgn�;eo shall have the po�rer tn uppnint uny agrnl nr n�;rN: it mnr d..sirr fur Iho purpn��� oi r�•p:�iriu�; �:wl Prrm � '�
<br />�. iseti: rrntmg �lie sxmr: rulleclin�; the ri�nts. revrnui�s nnd incume. m�d it mn}� p:rc nut � d .nid in��� .nu� :ill ��sp�•n;��: inrurn, l in r<�nt - SD .
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<br /> a� ing t+nd managin�; thr s:im�� and nf enlleclinti Ihi• rentuls Ihi�m( n ��n . 'Chr f�mlanco rr�n:iiniu �. d :iny . =!u41 Lr :� pplu�d lu��;ir,f ih�� . .
<br /> ti: divi�harge of � he mnrlga�u indeh��•dnrss. "I�his assi�;nmrnl iv tn t �� rmin:il �� :md t��-rnnu• null nn� l r� �id �qn � u r•d� �:r.� � � �( t6i. nr � rten;;r.
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