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<br />� ; , 76-00 � 403 .
<br /> MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SHALL BE
<br /> APPUE� TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDE� THE UNDERS�GNED ARE NOT IN DEFAULT
<br /> AND ARE THEN 7HE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF THEM,
<br /> PAYEE AGREES 70 FURNISH TO THE UNOERSIGN�D 100% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMEN7 IS PRO•
<br /> HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCH A�VANCEMENTS
<br /> SHALL BE SECURED BY THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE.
<br /> r� THE MORTGAGOR FURTHI:R COVGNANTS AND ACRPESi
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<br /> .. 7'hnt' the Nto�tgngor . will pny the � indebtedness t�n hereinbefore prnvidi�d. � � � _ � . -.
<br /> . . . �•Phnt the. Dlortgagiir is tl�e nwner ot saicl property in tec simpl�+ nnd lins �;ood ri�;ht and Inw(ul au�horiq' tn nell � rind � � . . � �
<br /> i convey the same und that thr. same islree and cl�nr nf nny lien or encumbrnnce; nnd thnt !�1nrt�;agnr will warrunl and def��nd lhr.
<br /> , '. 't � . . litle: to sr�id � premises� .ugai��t the elaims ot tAll persons whomsaevi�a � � . � � � . � . . . . . . � . �. . .
<br /> 'e . �� To pny immedii�fely �when duc. nnd �payable nll �eneral tuzes, sp��cinl l�xes. special atises,mrnts, water chargr.s, .sewar serv-. � � � � � � . � .
<br /> � � �d ice cherge�,�. and other tnxes end chxrges ngainsl said pmprrty, und all l:ixcs levied on thu debt scrured hereby. and tu furnish lhc � . � . . ..
<br /> . . Murtgagee, upun request. wilh ihu original or duplicate . rettipls thorr(oe � 7'he Dlurtgagor ++I;nes thnt . there � shtill 6e a�lded lo ; . � . . .
<br /> � � eacL monlhly pnym�+nf.. mquired hereunder or under thr. evidence oF debt secured hnrehy :m umount estimuted. by lhe Morlgager. . � � �. � �
<br /> . . � tn be � sutficicnt to enaMe lhc+ Morl�aFee lo . puy, rs t.hey hecome duc, all 6ices, assessmen�s, and vimilar charges u�wn the prem- � . � �.
<br /> �; � isi.�s Fubject therelo; �: nny deticiencY because of the insu(liciency o( sucli additionui paymenLti shnil be . (orthwith depusiled by the . . . . � . . ' .
<br /> '� ; Morl{;agor � wilh the I�iortgager, upon demand � by . the Alorlgagec. Any defuult und��r this paragraph shall br decmed n deRwlf in . . - . � .
<br /> payment o[ faxes; nxsensments or �similar chart;�•s rvquirrd hereunder. � � � �
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<br /> . . . . ,1'he hior[qngor aRrees thal there sh�ill al,u Ix• eddrd lo rarh mnnthly payment of principel and inirrest reryuirrd here.� . . . . � .
<br /> & �: under an amounl estimsited ht� thr Mnrfgagre tn br ,�iliici�•nl lo �au�blc lhe Atortgagee tn ps�p, as it hecomes due. lhe. insur�nce � . � .
<br /> ���� '"s premium on any insurance policy delivrrrd lo the Morlgngee AnY deficiency bectiuse of lhe in.�:ulPciencY o( such udJitinnal pay- � �� �
<br /> menLs shall be forthwith daposiled by the 1lurtgagor wi�h lhe Murl�;agee upon demnlid by � hu 11orl�;a�;ee. Any default under this . .
<br /> � . . pnrvgr}�ph aheill tx deemed a detaull in the p:1y7»Cn[ n( in;urance prcmiums. 1( !he policy or pulicics depo>ifrd ru� sucli as home. . � ..
<br /> ow�nerv nr all risk pulicics. and thr. depusils are insuliicient tn pay the entire premium, ihe Mnrtgngee m��y apply the deposit to � � ��
<br /> p;iy premiums on risks requircd tn be ineunvl by this rnurig�age: .� . � � � .
<br /> 4 � PaS'menL� mnde by lhe ;�fortg�gor under the above ptutigraphs may, at the uption of ihe Ator��;agee, be hrld hy it and �. � .
<br /> cummin�;led ��•ith other such tmids or its own (undti fur the payment o[ such it�ms. and until So npplied. su��h paymenls nre hembY : . .
<br /> . plislge�i ns securily for t.he unpaid balnnce nf lhe mortgnFe indebirdness. - . .
<br /> 'Ib procure, delieer tu; and maintain for ihe 6enefit o( fhi� Morikagrr durinti � he li(�� ot lhis morigny;e original policies and : . .
<br /> ��� � t � renewals thereot, delivnred at leust ten d�ys fxfore the expiralion of any such policies, insUring againnt tire and nthrr insura6le � � . . � .
<br /> h��zLnis, c:vcunities, and contingencir.s as the hturiF�l:�'� maY rcY�uirq in an amounG cyual to the indehtedness � secured hy ihis � . � �
<br /> �� 1 n4ortgage. and in compnnies ncceptable !o ihe b4ortgngee, wilh loss payuble clause in (avor uf nnd in form accepl�Me tu Ihe ;�t�irlg��- . � .
<br /> . gce. In the evr.nt any policy is nol renewed un ar beforc ten days of its cxpiration. Ihe �lurtRagce muy procure inaumnce nn the � � . � � �
<br /> � improvements, pay the pmmium tl�ere(ur, and such sum shull brcome imm��dialrly due and paynble with interest at the rate sel � � � � � � .
<br /> �i�. �. � � furlh it� said notu until puid and shall be secured hy this morlt;agc. Fuilurc on ihe par� of lhe !41urlK+�ti�r lo furnitih such n•newnls � . � . � �
<br /> � ns eire herein r�K{uired or It�ilurc lo paY any sumx ad�•anced hereundrr shall, al �he i�ption o[ the D7orl�;age��, cunstilute a default . � . � � . �
<br /> under the terms oF ihis murt�uge '1'he deli��ery nt such pnlicir�: shnll, in the rvenL of drf�wll , cnnstitut�• an u+si�;nmrnt of �hi� um � � . � .
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<br /> camcYl premium. ' . � �
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<br /> �: � � ; Any sums reccived b}' ihe hIurtgugee by reason O� IO55 or d:�mage insured ugainsl mny bc retainrd by thr \turigagre � . ..
<br /> b:�. . � .. ; . . :�nd applied toN•erd the pnymetd uf the debt herrby secured, or, iit the oplian o( the I�7arlgnge��. such sums either wholly or in . . . . . .
<br /> purt may be paid nver tu the �lurtgagor to fw used lu rr•pair such buildings or tu huild new 6uildin�s in their place or for any �
<br /> ' ather purpose or object satis(actary to the Murtgngce wilhoul nRccling the lien nn t}�i. �norltinge for Ihe [ull amnunt. srcumd hc•rc- � � �
<br /> hy before such paymr.nt ever lemk place ,
<br /> , � To �uumplly n•pair. mstore or rebuild miy buildinFs or imprnvemrnis nuw or herea(trr nn the prrmises �vhich m:ay Ix• � � .
<br /> � cume damtµcd or deafroycN3; tn keep said premi,es in �;��d condition and repnir nnd fre�• frum any mechanic's lien ur uiher lien or . . .
<br /> �:. � claim of lien nol expressly subordinated tn the lien hi•reo(; not to �;ufier ur permit nny unlaw(ul use o( or :my nuisance �o exist on � �� � .
<br /> , s:�id ��ittiperty nor tu prrmit wAste on s;�id premises, nnr tu du nny ulher uct «•heri�by lhe prnperly liereby conveyed shull {x�come
<br /> �� - Icsc v¢lunble, nor to diminish or impair iLc vnlm• by any nct ur omission to acL tu rnmply u-ith nll rrquimmeniti n( I���v with rE�sped � .
<br /> �. tn �hc mortgaged premiecs and the u;e lhereof. � �
<br /> #' ' That should the prcmises ur any part therro( �� tnken or Jaim�iged by renson o( any puldic improcrmenf or condemnation
<br /> proceeding, ar under lhe right uf eminent domain, ur in any other manner, the Alortgagee shnll be �•ntitled to all compensntions,
<br /> � awards, and any olher puyment or relief tfienlor, und shall be entitlyd. �t its option, to commence, appear in and paMecule in i4s �
<br /> own n7urte uny LClion or {�[CwTPrling; nr tm m�ke nny cmm�ramise nr �:etllrtmenl In cnnnnctin., w;:�: :::c:: :akt:,g a: ::r�g2. nii nUcil
<br /> �- .� I compensulion. uwurds. damnge�s, righl ot action and proceesls nn• herrby nssi;;ned to the M1lortgugir. who rnny. after deduGing . .
<br /> '. . � � . therefrom ull its experses, rclease any mnneyx tio rrceived by it or apply the srime un .uiy ind�•btednrss secumd hrruby. 7'h�• Morh .
<br /> gagor agrees lo er.ecule such futthr.r uxnitinments o[ �ny compenvatiun. :�+vardv, d.�mngc�s. :md ri�;hts of actiun emJ prucrerls a., the
<br /> D1orl�u�ee mny reyuire.. " �
<br /> � That in cn.ge of failure tu perform any o( fhe covenanfs herein, lhe Murtgagee may dn un 8ie 1lorlgagor's b�•h.df everything
<br /> ::n covenunled: thnt lhe A7c�rl�agec mny ulen d�� eny uct it may deem neces;nry in pmtecl the lirn thens�t: ihat the �torlgagor will �
<br /> : repay upon demand uny moneys paid or disbursed by the blorttintiec (ur any ot the abuve purprr�cs, an�l such moneya tngether witl�
<br /> . ' inferest lhereon vt the rate provided in said nute shnll becume sn much addilional indebt��dnrss hereby secured and may M• in- �
<br /> r � � � cluded in any decrce foreclosing this mortgage and be paid out o( the rents or proceed; n( xale n( snid prt�mises if nul uthen+�ise
<br /> paid; tBnt it ahnl! nut be obligntory upun the MortKagee to inquire inlo the valiclity nf any licn, encumbrances, nr cluim in ad-
<br /> �� vnncing moneys ns atwve authorized, but nuthing herein cnntained shall fx cunstrue<I as rcyuiring the Aturlgagee t�> advance nny
<br /> , mnnr.ys [or nny such purpose nor to do any uct hernimder; ond ttmt Morlgagee shall not incur any pi�rsunnl liabilily bi•cause nf nny- �
<br /> thing it mny do c�r umit to do hereunder. .
<br /> ' in lhc rvent o( thc de(uult by n1urtgngor in the pnymrnt u( nny in+tallmcnl, as rcquimd bq thr Nut�� secured hcreLy. or �
<br /> . in the performancr of the uhligntion in lhis mottgage or in the note s�v:urcd thrreby, thu Dlorlgugee sh�dl be rnlilli•d tu dt4:lare the �
<br /> debt secured hemby due iind pnyable H•itfmut notice. und the Mortr;a�;e•e shiJl be entitled at iLti uption, withaut nolice, rilher by ik:elt
<br /> nr by n receiver to Im nppuintecl by lhe rourt lher[mf, und without n•gurd to the adequacy nf any security fnr thi� indrhte.elnrac se• � ��i� '
<br /> � cur�vl hereby, to enter upan and take postieaxion uf the mod�nged premises, nnd fo collect nnd reari�•e tLc+ rents, issues nnd pra(�tR � . . � �-
<br /> ' thr,reo[, und npply lhe same, lcss ccr�tF of uperation and colie�ction, upon lhe inde6tiYlnes+ :+ecured hy thiv morlg��ge; said r<�nte, � y
<br /> issues nnd profifn M�ing hereUy asxigned to the Morlgatire ns furlhe� �rcurity (nr the pnyment of :dl IfIIIPIIIPfIf1P5ti f1Y•Uf(YI IIYfPIIy'. �
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<br /> � � � "Plu• Morlgng�re shull � have the power lo npptiint nny agent ur ngenik it may desirv fnr the purpuse u( r�•pairing wid pmm- f� ,� �
<br />� iu�; rcmting lhe sumr.: roUecUnti tl�e mnLc, revenucg and income, and il muy p:iy out nf hnid mcurne nll ��aprme•s incurn+l in rrnF � '
<br /> y'�'i � : inq and mannging the �� snme und u1 collecting the rentaLy therefrom. The Lalance rrm:nnm�;, if :my, shall b�• �q>plirJ lnanrd the �
<br /> r dischnrge of the . mortgage indrblednrsfl. Tlii�: :�csiKnmenl iw Iu trrmintde and tK•comr null and vnid upnn n•Iras�• uf thia morten�;e. . ..
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