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<br />, � � . 76M 00521U �
<br /> MORTGAGORS MAY MAKE PREPAYMEN7S OF PRINCIPAL ON ANY INSTALLMEN7 DUE DATE. SUCH PREPAYMENT SHALL BE
<br /> APPUED TO lNSTALLMENTS LAST TO BECOIdE DUE UNDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE NOT IN DEFAULT
<br /> AND ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF THEM,
<br /> PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 100°/, OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO•
<br /> HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFPECT. ALL SUCH ADVANCEMENTS
<br /> SHALL BE SECURED BY THIS MOR7GAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE.
<br /> - � THE MORTGAGOR FURTHER COVI3NANT:� AND AGREF.S :
<br /> , . � : . . . . . Tbnt tfie' Mortgagur will pny lhe indebtedness �na hercinbc•fare provided. � � . .
<br /> � � . . 'Chat the. Morigngor is the owner of said ��roperly in fec simplc and has �;ood right nnd Inw(ul aulhorily to scll nnd � � � . �
<br /> � � �� � comey the xame �und lhat the�snme is free and cleur nf any lien or encumbrnnce; and lhat �iortgagor will �+�nrrnnt nnd drfrnd the � . � . � � � �
<br /> � � . �� tille �� to u�iii ��remises �ugainst the clnimx ot all � persons wliomeocver. . � � . � � � . � � � � ��
<br /> � .. . � � . To pay immedi�tely. when due bnd pnyable all general fnxes. speci�l luxes, speciul a:�c�ssntcnts, wuter charqev, � sew•et xerv- � . � � � - � .
<br /> �s . � icr, chnrges, :md nther tazes and charge> nguinst snid propi�rty, nnd nll luxes leviod on lhe debt s�•cumd hereby, and lu turnish the � � � . � � �
<br /> . . Mortgagee, upun , request. with � the uri�,�nal or duplic�te rrceipts there(or. The� Alortgagor agrees . thnt there shnll . 6e added. tn - . � � . .
<br /> � � each monthly payment required hereunder ur �undrr il�e evid�nce of debt secured hr�mby :an amuunt estimaied by the blortgagee � . . � . � � � �
<br /> i; � to be sit�cin.nt Eo enahle thi•. D9ortgagee � to pay, �.s lhey 6ecome due, all taze5, ass��tsmen�s, and �imilar charR�'S u�ion tbc prem- ' � . . . � �
<br /> ir,es subjr.ct lherelti; any deficiency because uf lhe i�vsutlicie�ncy of such udditional puymeuts sh�ll br turth�vilh drposited hy th�• � � � � � � �.
<br /> � D4ortgagor with thc Murtgagee upon demund by the 1lortgagee An.Y d�f�ult undcr this p:�rugnph shall hc� drrmed a default in � � - . � . �
<br /> �:�.�i payment o( t�xes, astiea;ments, or similtir cbnrF�•s required hereiuidi•r. � � ' . . � . .
<br /> � � :'� . •fhe Mortgagor agrees that there sh:dl .�Iso be. added to ,�nch monthiy puyment nf principal �nd i�drn•st re•quired here- . . . . � .
<br /> � �i under an amuunt esfimnted by the Mortgaqeo lo b�� sufficient to enahle LLe Alnrtgagec to pay, a. it becomes dm�, the insuranre � . . � � . - .
<br /> ' � premium on any insurana+ policy delivrmd to thc hlurtqagee. Any doficirncy hecuuse nf iho insufiiciency nf such . additionai ptry- � . � � �
<br /> ��� p � men4� shaU � I+� forthwith de �osited b � lhe Murt �n �or with th�� Dtbtt ••i �ee u �on dema id by thc� ntorl �a �ee. Any detault under this �. � � � .
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<br /> -r.:. r � paragraph shall be deemed a d<•fault in the payment nf insurance premiums. If thc� �x�licy ur pulicies drpn:ilyd e�re such ns home- . . � . .
<br /> owners or all risk policies, and lhe rlrposits .�re inxu0ici�•nt lu priy lhe iaitirr premium, ihe �7ortgt�gee mac :ipply ihe depnsit to . .
<br /> pay premiumx on risks required to b�• insured by this mor�g��ge: . . � � � . � . � .
<br /> �.; �. ,t . . . � . . .
<br /> �. : { Paymenis made by �hc bfurlgagor w�der ihe uhove purngr�phs may. ;d lhe uptian nf lhe Alorlgagi•r, 6�• held by it nnd . . . . � :
<br /> c��mmingled with nther such (unds ur its own funds fnr ihe paym�nt o( ;uch itemti, �n<I unifl so npplied, such payments nre berrby � . �
<br /> . ':: � J plc•dged ns security for lhe unpaid balance o[ the nmrtga{�o indr.ht��dness. , , � � � - :� . �
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<br /> , ' �� To prcicure, deliver lo, and mnintnin (or the bencfil of Ihe nforigagee during lhe life of this mort�;age original pulicies and � � � � . �� � :
<br /> �i�. s renewals thereof, delivercv! nt let�st ten days txtore the expirution of :uiy sucl� policies, insuring .igninsl. fire and other insurable � � � �
<br /> � ��: .�s hazurds, cavuatties, and cuntingencies as the MurtgaFer. may � r��quire, in nn amount equal tn t6e indabtrdnesa secured bp . this .
<br /> Dlortgage, und in cumpanies t�ccep4�ble tn the MorlK:��ee, �vilh Inss puyable clnusi� in fm�or of and in (orm accepinble to the �9ortga. . . . � �. . �
<br /> �;' �i gee. � In the event any policy is not renewed an . or before ten duys of ilti expiratian, the bturtgo„^e�• may procure invuremce nn the ' � � . . . . �
<br /> improvem�nte, pny tt�e pmmium tLerefor, � und such sum shail become immediately due mid pnyable with iniereal al the rnte cet � � - � �
<br /> furth in r,aid note until paid und sh�ll I«r srcured by this mort;;age. Pailure on ihe pad o[ the Mnrtgngnr t�� furnish such renewals ��. . � . � � �
<br /> .�" � ,a as nre herein requimd or failurn �o pay nny nums ndvanced hereunder shull, at � lhe optiun of thu blortFagur, constitute a defnult � : . . . �
<br /> �,.�,-� i. under the� lenns nt this martgoga '1'hr dclivcry of sudi pnlicii�s sha0, in thi� rvont nf dr(null, ronstitutr un assi�;nment . �d ihr un- � . � � � � �.
<br /> ! t!urned premium. .
<br /> ?.' ; Any sums received 6y �he I�1orl�;agir by rcason o( locs or d;�mage insured against may hc rrt:�ined by lhe Atort�;agce � ��. . . � � � � .�
<br /> ;� .. .. nnd appli��l toward the payment of lhe debt herehy srcured. or. al t}��, �ption o( the Morfgage��. such sume i•ifh��r aholly or in . . . . . .. . . . . . . . . .
<br /> a� . � parl may be paid civer to the DlortgaKor to tx usi�J to rrpair such baildings or lu build nrH� buildin;;s in their pince ur for any . . . .
<br /> ?; t other purpuse or object krtisfactury to lhe Tiorlgagi�c withnut alfecling �h�+ lirn un lh�• morf�;nge for thi• (ull amaunl srcvrrd here- � � . �
<br /> � �� � I hy before vuchpnyment ever t�xik place. � .
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<br /> F; : 'Cu promptly repyir. r�sture or rrLuild any buildings ar imprnvemenfs nok• ur hrrc�iRer on lhe �)fcftlltiCS WFtICII may be- � . . .
<br /> come damaKed ot destroyed: tn keep xaid premisrs in gcx�d condition and rey�air und (rce frum nny mrchanic's lii•n or other lien or . � � � . � � �
<br /> �_ � 1 claim o( lien not expresslY nutxirdinated lo lhr lien hrrco(: nnf. lo sulier or permit any unluwful use ot or :my nuisance lo esisl on � . . .
<br /> 1 suid ptoperlv nor tn permit wnste on snid premises, nca to do any other nct whcmby the proprrfy herel�Y com'e}'ed shnll Iremme � � . .
<br /> �: ' lesv vt�luable, nor to diminiyh or impair its ��nlue by any act or omissiun tu itcl : �u camply �ritt� nll rrquirement, ot I+�w with msprct . . . . . . .
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<br /> to the mortgaged premiFea and the use thercof.
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<br /> � Thnt xhould thc premi5es or any purl themn( IM taken or dnmaged by reason of emy public impruvrmen� or condemn�lion � � -
<br /> � ;�_ proceecling, ur under the right o[ eminent domnin, or in any other mannrr. thr I�lortgagee shali he entitled to nll compen.vnlions, � �
<br /> � . � awnrda, und nny other payment or relie[ �herefor, and shall be enlided, ut ils optinn, �o cummence, nppear in aud prcmecule in iLs �
<br /> h.� � own ntvne any action or pnx;eeding, or to make nny cumpromise or srttlement in conneclion with such takin� ur dnmage. All such
<br /> compen�etion. ewards. dumu�;is. right o( nction and prcee�vis are hereby assigned to the h]ortgugee. who mny. :d�er dedocting .
<br /> lhem[rom all its expenses, reler�se any mo:ieys no receivi�d by it or apply the +ame un any indeblydness secured hemby. The \turL
<br /> � ! gngor aqrees to execute such turiher assignmenta of nny comprnsntiun, nH�nrrl., dilt011�;OY. 81III righis n( aclion and pro�riKls a5 the .
<br />. j; �. ! Mortqn�ee may rc�uire.
<br /> F. i Thnt in ca�te of failure to perform any o[ ll�e covenunla herein, the I�4ortgagee muy do un thc Atort�;agor'v b�•half e��rrythin� . .
<br /> ,. � w rnvenunted; thnt the h7urtgagee may alsn du eny nct it may deem necessary tu protect the lien thereol: flmt ihe bforlga�;or will
<br /> a. . j repay upon demand nny moncys pnid or disbursed by the Mor�gugec for any of fhc nbbvc purp�rves, nnd nuch moneys tnqether with I -
<br /> - inler��st lbereun at the rale providrd in auid note shall Fxcumr su much additionnl indebledness horeby si�cured tmd may !x� in- �
<br />. �, . 't cluded in nny dreme furaMlosing this mortgnge and bc pait! oul of lhc rents or prucecdn o( sale o( uid prrmiscx if not othurwise (
<br /> paid; that i/ shull not he ohligalory upon tbe Dlorlgvgee to inquire inlo lhe vnlidify nf nny lirn, encumbrancce, or clnim in nd- �
<br /> vancing moneys ns above authorierd, bul nulhing herein conlained tihnll bc• cunstrued ns requirin�; the btorf�agee in advance uny �
<br /> '� �i � moneye for any �;uch purposr. nur to do any Eut herrunder; nnd Uiat ;1lortgagee chall not incur uny prrsunnl liability becuuxe of any-
<br /> ; thinq it muy do nr omit to do hereundur. i
<br /> ��.- j In the eveni of U�e default by ldorlgngor in the payment of any inslallmrnt, ns rryuirrd by the Note sccured hrr!•by, nr �
<br /> ` ? in the pi•dormana: n( the obligation in this mortgage or in Lhe note r.ecured lhereby, the hlorlgagee tilmll Fe rntilled to d��clare Ihe .
<br /> debt secureYl hereby due nnd payable without notice, auid the A�forfgugeo xhnll be enliQeri nt ils oplion, wi� haut nu(icr, either by ilxolf �,� r �� r ' �.
<br /> ' or by n receiver tu be nppointcKl by the court lhoreo(, nnd without regunl to the adcquncy of uny sccurily fur the indubtedneas u�- • ,� ;' ;�� '
<br /> ' cured horeFry, to enter upon mid tnke possession o[ (he murtgnged premises, and to collect and reccive ihe renls. issues nnd profiLs . .� � iV Y:--�'��
<br /> th�•reof, and upply the s.�vne, le�a rnsts of uperulion and a�llection, u�Mn thc+ indebtislness aacumd by lhis mortgngr; aaid renls, I �
<br /> ix.sues nnd profita I�cing hereby nsxigned !o the MorlFnger as (urther sMurity (or the p;fymenl of ull indehicdnesv s��currd herrbv. ,
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<br /> 'the Mortgage�e shall hme ihe power to uppoint any ngent or agenta it m:ty desire tar the purpasr of rrpuiring said pn•m- �'
<br /> ise•s; renUng thc xame:�� a�llerting !he renta, revenues end income, and iL may pay out of said incnmr nll exp�•nses incurnri in rcnt- � , � , .
<br /> � ing � and mnnnging. lhe � eame und � u[ collecting lSe runtuls lhero(rom. The balunce rrmainin�;, if any, shall bo .�pplird tnwt�rd the � .
<br /> �dischur�e of the morl�nge indeLtednevs. This a.ssiKnmenl is tn terminntr nnd Ix�rnmo nul! imJ vnid upon ndi•nsr of Ihim m�rtguge. � -� � .. �
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