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<br />� MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SHALL FiE •
<br /> APPLIED TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE NOT IIV OEFAULT
<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°/a OF SUCH PRINCIPAL PREPAYMENTS; UNLE55 ADVANCEMENT IS PRO•
<br /> HIBITED BY THE REGULATIONS Of CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS
<br /> SHALL EiE SECURED $Y THIS MORTGAGE IN THE SAME MANNER AND EfFECT AS IF NO PREPAYMENTS HAD BEEN MADG
<br /> TH� MORTCAGOR PURTidIsR COVCNANTS AND AGRE�S:
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<br /> � � 'ChntYhe Mortgn�;or .wili - pny the indobtedness ns hereinbrfnre provided. � � . � . .
<br /> � � � '1'hnt ihe Morlge�;or is ihe owncrof snid prnpertp in ft�i� simpie m�d has K��xl righl � :md la�efut nuthorit�� tu +r11 nnd � _ �.
<br /> � � convev the same and that the sume is [rre and cleur o[ nny lien cir i�ncumbrnnce; tind th[tt A1ort�;ogur will warrnnf nnd di•(rnrl Ihc � ' ,
<br /> . - � tide, to ss�id . pmmise.y atininst : the claims uf � tdl persons whnmsnevec . � . .. � . � �� � � � �
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<br /> � � � To pay � immediatr.Iy .whrn due . and p;ryuble ull genernl inxes. specinl teixes, spc�•iol nss<�stimenla, w;�l��r charges. sewer serv � �
<br /> ia� c}�urges, and other �uxes und charges ugtiins't suid prnperty, �nd nll tnxes� lcvied on lhe debt sccurcd hrreby, . and tn (urnish tho . . . � � � �
<br /> D4orfg6gee, upon . reyuest, . wilh the original or duplicule reccipts therefoc The .h9ortgagor +�green that therc sh111 6e addecl fu . . .
<br /> � �. f�ach monthlY : ptiyment required hereunder or. under the evidence of debt securec( herehy nn amount esiirtwled by fhe htortgugee . ., . � . . .
<br /> . �to. be eufHcient to. enable lhe blortK�1:F� tn pay�, as the�y becmne due, all Lnses, aah�•csmenfs. and similar charges upun lhe prein- � . . , �
<br /> � 't.ses � subject thereto: nny deficiency boct�use� of lhe. insufliciency u[ such uddilionu! paymen�s sht�ll be . torth��•itk� depositrd hy lhr . � . . : ..
<br /> �. Morfgaghr with � the Mortgagm . upon de�nand lry thc I�turt�agee. Any de(a+ult � under Ihis pnrngruph khnll bc J��crned n defnult� in : . . .
<br /> payment - o[ tsixes � x4sassmenfs, � nr similar chargrs required hereundre � � . � � � : . � �
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<br /> � . . Tlie Mortgagor ngrees thni Ihere shnll �dso be udded tu each montldy ptiyrnent uf principnl :and inlerrst mquired Lere- . . � . � .
<br /> � � ! � under nn amount ostimated by thr_ h4urtgngoe to be sulGcient to enublr the I�tartga�;ee tu pay, ns it becomes due, ihe insurunce . � � . �
<br /> premium mt mry insurance policy delivered � tu ihn A4ortgngee. Any deficiency becnuse o( ih�� insuflicir. ncy of such additional pny � � . . . . � . . . � . .
<br /> - � � mcnts shnll tx• torthwilh deposited by the ;vlortK,K��r with lhr h1urlgaFee upon demu�id by Ihe �1orlgaFec. Any defnult undrsr this . . . .
<br /> ' paragmph shall be dcemed n defuult in the payment o[ in,urance prrmiums. If lhr policp ur puliciea depnsited ure such ns hume• � . � � . .
<br /> � � ` � oe•necr nr all risk polici��s, nnd lhe deposils nrc insufficie�d tu pa.Y l6e rnli�r prr�niitm; lhe TiorfgnCen mm� npply the de�x�sil lo �. � .
<br /> ptiy premiums un riskx rFquited to be. insurrd by this mnrit;iige: � � � . �
<br /> � � � PziymnnLS m:idc by the S9orl�;t�gor under thc abu��e p��rngrnphs mriy, at tlic optinn nf lhe � Mortgagee, be hrld by it anii � . . . � . � . �
<br /> -0 ..- . . commingled wi(h olher such fwids or ils own funds for the pnymenf u( such ilrms. :md uulil sn app�ied. suc6 payments nre hrreby �. . .. � � . .
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<br /> .. � plevlg�til nw securily for the unpaid 6alance o[ lhr. mortgu�;e indebtednes4. . . . � . .
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<br /> '('u ��rocurc, deliver to. imd maintnin 6�r ihe benelit oC lhe :�1�>rlga�ee durin�; the li(c n[ thiv morlgage originnl pnlicir•s and . . . . . .
<br /> . �. . renewals thercot, dcliverr.d xt least len da}•s before lhe e�pirnlion o( ru�Y � surh pnlicies, insuring +�gaintit fire nnd nther iasuruble � . .
<br /> - �. huzxrdn, casualties, and contingencies ns the Mortgnga• muy requirr, in nn amo�mt rqu.d lo the indebtrdness se�cured hy lhis � � . � �
<br /> � Mortgnge, nnd in cnmpanies ncceptable lo the hlorlgagee, with Ioss payable cinuse in fa��or uf and in (orm nrceptahle io lhe ;�lnrtgn- � � � � �
<br /> � gee. In � We event nny' policy ie not renewed nn or br(ore ten da}'s of ils expirntion, the btortgagee m.�y procurrinsuruncr nn Ihe . � � � � �
<br /> �• � improvrme�ls. pay lhe premium lherefor, nnd such sum s6all become immedintel.V dur aud pnyable wilh interest at lhe rate Set � : � . � . �
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<br /> - � � . forQi in snid note until P�id and shall be s��cured by this morlgngi•. Feiluru un lhc parl af the biurtgagnr to furnish such rrnewals .. . . . . .. .
<br /> i as ure herein nx�uired or inilure lo pay any sums ncivanccd hereund��r s6all, at the optiun of thr. A1orlFngoe; amtilitutc t� dr(nult � � � �
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<br /> under the ternvv o( this murtgnFo. 'rhe delicery of sucli policies shall, in Ihe event of drfaulL � rnnslilute nn :issigum��nt nf U�e un- ; � . . .
<br /> ,Y� rarnc�cl premium. . . . . .
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<br /> � � Any Pums received by the n�lor�Fngec 6y reuson 11( I�)SS ur dnmage insured agains-t may be retnincd by lhe \1ortFLl;�e . � � ,
<br /> and appliwi towurd the Pvyment of the debt liereby secured, or, nt lhc option ut the Mort�;agee, such sums ciUier whnlly or in
<br /> 5: �� � parl mey be paid uvcr to tLc Moriga{;or to be uscd lu repair such huildings or to huild new buildinGs in thcir plac�� or tor any �. � . �
<br /> oth�r purpose or object sutis(nctory lo the Marfgnger withnut :JTrcting thr licn nn lh�� mur�FnK� for ihe fuli nmotmt srcured here- � �
<br /> ±'. �-��' by be(ore such pnymant ever t�x�k place. . . .
<br /> G ` � 7'u prompUy reP��ir. restnrc or rebuild nny 6uildings or improvemi�nts nnH� or herrn(tar on f.he pmmises which may br. . � .
<br /> �� .. � come damuRed or deslroyiYl: to keep eaid premise> in y;<x�d cundition and repair xnd In•e from amy mechnnic 4 lien or other lien or � � . .
<br /> clnim o( lien not eiprrstily suLordinaled to lhe lien hrrro(; not tu suRrr ur permit nny unlmvful use of or any nuisunw lo exist on . � . .
<br /> p � +uid property nur lo permit w;ihte on said premises. nor to du any other nct whrr��l>y lh�� pruperty here6y conveyed shull txcome . �. � - :.
<br /> le>v vnlunUle, nor fu diminish or impair its vnlue by �my uct ur umis�inn to ;�ct ; la cumply with nll requiremenls af lnw with rc•spect . .
<br /> ;��� to the murtgnged pretnisos and lhe usc lherenL ; � .
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<br /> � T-niii snouici [iic premises or any pur[ tiicmoi ix� iiiken or �i�maged iry ro���un ui r�ii.v j,u�;iie i�upr.}•.-amcai :,: r.-,a:emnr.ti.,r � �_ , _ . .
<br /> � � proceedinK. or under lhc right of eminenl dumuin, or in any niher manncr, the Mnrt�;�igre shnll he enlitled lo alt cumpensatiuns. � �
<br /> � ;iwnrdy, and :iny other puymenf or relie[ tt�etefur, und shall be enlitled, at its oplinn, lo cnmmence, nPPcar in aud prmecute in iLs . .
<br /> � nwn nnme uny actiun or proceedin�. ur to make nny cumpromise ur setttement in connectiun with such taking or damnge. Ail xuch �
<br /> - . , compensutiun. uwurds. damngea, right o( action and procei�eis nre I�rn�Ly � assigni'<l m ine A{ortgngee. whu may, niter deducling . .
<br /> there(rom nll iLc expenxs, reloase nny mnncyx ec� mceived by it ur upply the same ou nny indebirdnecs secured hrre6y. 7'he Slorb .
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<br /> ��. gegur nqmts (o execute such further a�.vignmentw o[ .iny compenantinn. awnrds, d��mages. nnd rit;hls n( aclion tmd proce�•dx as the
<br /> �. Morlgn�;cc may royuire. � - .
<br /> '� � Thul in c.�e of fnih�re to pertorm nny o( the coven:ints hemin, thc bturtgager may do on thc \1orl�;aFar's behal( everything
<br /> - so covennn�ed; thut ihe VlotlguFee muy .�Iso do nny act it muy deetn nece�viry tu prutect the lien lherrof; thnt fhc hforfgagoc will
<br /> " repny upon demand any monrye pnid or disbursed by the b4orlgngce (ar nny o[ the nbove Purpines•, and xuch moneys logether wilh
<br /> infer��t therenn nt thc rale provided in suid notu s6all becume su much additionnl indebtedness hemby �rcured ond may be in- '
<br /> cludcd in uny decrce torcelosing this murtgnge nnd lie puid out ot lhe rents or procreds o( �le of said premiscn i( nat othenvise
<br /> pnid; that it �hall not be obiigntory upon lhc Mort�;ngee to inyuire inlu !he validity of nny lien, encumbrunccw, or clnim in nd-
<br /> ,�. . vancing moneys ns abuee nuUwriud. bul nolhing her��in contnined nhell Fx> cnnstrurd ay mquiring thr. 14urtgugee to ndvFmce uny
<br /> _� moneya for nny such purpose nor to do any uct hercunder, und lhsit Alortga�;re shall not incur any persnnnl liabilily Leca�ise of any-
<br /> . lhing it mny do or omil to do hereunder. �
<br /> � In the event o( Q�e de(xult by 19ortgegor in thc payment oI :my installmenl. ns requiriKl 6y the Nule secured hem6y, or
<br /> in the per(ormance o! lhe obliRa���n in tl�is morlgage or in th� nole :r.�cered !hereby, thi� 6lurlkagce s!iall be cnlilli•d to declare the
<br /> � defit secured hcreby due and puynble withnuf nolicc, cmd thc I�tortgnti��o shnll bc enlitled nt iL% opfion, wilhuut nolicc, eilher by iLwri[ •
<br /> �. nr by a recciver to be appuinlcxl Ly lhe court thenK�(, and withoul reKurd to lhe ndequacy uf .my security for lhe indebtedness se- " � �� -� :_ ;
<br /> cumd hereby. tn cnler upon and take possessiun o[ lhe morlgaged premises, and to rnlli�ct nnd receive the renl�, issurs and profits Y ^ "' ''�
<br /> ���. lhereo[, nnd npply die s�une, Iee�s costx o[ operalion und cnllection, upan the indebtednc�� xrured hy lhis morYgi�Fe; �id renls, ' � N ' ����
<br /> ivsuen xnd pro6Lv Fx�ing henby.i�a�igned tn lhe Aiortgngre as further �:ecurily for the pnymenl o( nll indeb�edness s�tiured hereby. . �i
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<br /> - . � . . '1'f�c MortgaKee sh�ll hnve -the power lo appoint any ngent nr nF�nls it m:iy desire inr the purposc of rcpoiring suid prrm- , � „ � ��:
<br /> - : ises; renting the eame:�. cullecting the rents, tevenues nnd incnme, +�nd it may pay uut uf sni<I incomr �dl i�xpenses incurrai in rtmb �j .'� '� .
<br /> � _ing _hnd mannK�ng . thN� name nnd ��t collectin�; the renhils lhere(rorn. 'I'hr balanee n•mninin�;, i( any. shi�ll b�• �ipplird tuward the . (A - �� �
<br /> � disrhnrge of the mnrtgoge indebtislnrve. This assignment i� tu Irrminnte un<I Ix�cnmi� null aud vuiJ upun rrlrnsr of thi�: mnrtcuqe ,. _ .
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