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<br /> � ` 76- 00561U �
<br /> � MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SHALL BE
<br /> APPLIED 70 INSTALLMENTS LAST TO BECOMH 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 UNDERS�GNED, OR EITHER Of THEM,
<br /> � PAYEE'AGREES TO FURNISH TO THE UNDERSIGNED 100% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS . AOVANCEMEN7 IS PRO•
<br /> HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFFECT. AlL SUCH AUVANCEMENTS
<br /> SHALL BE SECUREDBY ThIIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE.
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<br /> THP MORTGAGOR TURTHCR COVI:NANTS AND AGRE�S :
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<br /> ' ( . . . � `1'hnL� the Mortgngvr. witl pny the indeMedness ns hereinbetnrc prnvidrd. � . . - . � � . .. � . � � .. : . .
<br /> + . . � � 'I'hat lhe Mnrtgn�;or is the� owncr n( s:iid prnperfy in Cce simplc and has Foud rif:Lt smd lawftd nuthority tn srll mid . .
<br /> . � � co�vey ihe snme und lhul tho same is free and Clet�r ��( [inY lien nr encum6rt�nce: nnd thnf ,�tortgagor wilt wnrrsml and drfend thr. � .. � . . . . �
<br /> �: �f �� �. , titli� tu suid premises .ngai�u3Lthe cluims . n( nli P�'r.•rons ���I�nmeorve.r. . . . . . . . . � . . . . ..
<br /> ' � - � � � 'Po pny immedinlely w�htm due und �iayn6le +dl Keneral taxes, special tuxes, apecinP ustiessmenis, -water char6es, sewer serv- . - . _ � . � . . . .
<br /> .� - � ice churges, and olher luxes and chargn.s aguinsl suid proper�y. and nll l.�xesJevi��d on the de64 secured Lemby, and lo (urnish the � . .
<br /> . . r9ort�agee, � upon � request, with the � oriqinal or duplicntc receipts then•(or. '1'h�� 17origngor agrecs I.hat . tlicre xha(I � be udded tn . . .
<br /> � enefi monlhl>• pnyment � mquired hereunder or under lhe evidence: of dei�t secured hr.reby pn anwunt estimated by �fhe �lnrtgagee . � : . � � �
<br /> � to bi+ sullicient .to enuble thr D7ortKagee lo� pay, a; they become due, all inxes, ass�•ssments, and similar ch�rges ufxm ihe prem- . . . . � � � .
<br /> ?� � i::es subjecU therelo; ti�ry � deticiency because o( thc in�u0iciencv o( S�c6 addiliunnl paYmenls shull be forthwith depusite<l by the �. � � .
<br /> � � MorlKagor . wilh th� Morlgngce upun demand by � Im Murlgngce. Any drtault �mder ihis pnra�;r�ph shall Iw di•emMl �i de(ault in . � . . . .
<br /> ' � ` � payment � nt t.ixes, xsxessmenls, or similar � churk;�'s requin>d hrreunder. � � :
<br /> ; � � 'Che Mortgugnr :�grers lhut iherr sball �dso Uc ndded to i�nch monthly paymenl of pnncipal and inleresl requircd her�- . � . . �
<br /> i . � under t�n nmount eslim�it�Ki by tho Mortgngee to br su(ii�•icnt. tn cnnblr thi� 1�1ort�ag�e to p.iy. �is il becnmos due. the insurance � � �
<br /> ;":� � � premium on nny insurance policy drlivered to thr �1ort�aK�e. Any deficiency Lecause u( Ihi' invulGCiency uf such additionnl p�y- . . . .
<br /> ments shnll be forlhwith depasited 6y lhe nlortgugor wilh ihc hlorlgnRee upon drmapd by ihe Mort�nt;ce. Any dn(aulL under ihis : � . .
<br /> F;�,-� -:j � � pnragraph shcdl !K deemed a deGuilt in lho paymetd of insurance prrmiurnx. 1( tlie policp ur pulicics depn.,iled arr such as I�mne- . � � .
<br /> -�r oHvien or xll rink �x>licics, and the depusits ure insuflicienl to pay the enlire premium, fhe Dlorfgagce miq• apply � ihc deposiE tn . . . . � . � . .
<br /> . .i � � . pay premiums ott ri�;ks reyuired �o be innurect by this moril:age: � �� . � � , .
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<br /> `��.,:.� �] � Ynymunts m�+du by �he h�ucigagor under ihe abuve pnragrxphs muy, ul ihe uptiun n[ th�� �1orttiagec, be hnld by it and � - � . . .
<br /> .� : i � cummingled wiUi other such funda or ils own funds (ur lhr payment of such itrms, snd until sn �ippli��d. such ��aymenfs are h�v�•hy � � - . � � �
<br /> . . ' pkaltied as seeurily for the unpuid balancr. o[ the mort�aK�' indebtvdness. . ' � � � � .
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<br /> 7'0 �xocure. deliver lu. und mnintain !or tha benelit o[ the AlnrtgaRi�e durinq th�• life of �his morignge ariginal policies and � � . . .
<br /> '� �-. ; renewals thenr�(, delivered at le�ist ten days tmfore lhe expimtion of any such policirs, insurinK %�ti�inst tire and other insurable � ��� � , . �
<br /> huzanls, cusualties, �nd contingencies as lhe �tortgagee may r��uire, in an t�moimt eyual to ihe indehtedness srcured hy [his � �. � _ � � � . -
<br /> htortgage, end in companies accep�able to Ihe Mortguger, with Inss payable clnuse. in fa�•or of and in form uccepinble to the \fortgn- �. � � . . � �
<br /> gee ln the event any policy is not renewexl on oc � be(nre tc•n d��ys uf its ezpiration. Uir Morlgagre mey procure insurunce m� tha . �� � � � . �
<br /> C � � ' improvementx. Pny the premium lherefor, nnd such sum shiill become i�nmedintely dui• and p�yable with intereat ut th<• rate set , � . . . .
<br /> � ' 7 furth in said note untit p[�id nnd shail Ix s��cure.d by ihis mo�lKnK�'• Pailure mi ihe pnrt of the 1lortga(:�r tn furnish nuch renewnis . . - �
<br /> � `• � n4 nce herein rrquired ur tailure to pay .�ny sums edvanced hereundrr shnll, �it the option o( the ;�tnrl�:agee. coneli(ute n defnult ; � � . . . . . .
<br /> under the terms of lhis mort�;a�;e. '!'hr delirery of such pulicies sh�ill, [n the event of dvfaidt, constitute an nssiFnment of the um � � � -
<br /> � �� ' earn�Yl �premium. - � �
<br /> ` � - AnY xums remi�•cd by the ltorlt;�gee by reason u( lu,; or damn�;e in�urrd against mny bc rrtr�inrd hy ihe \lortgagee . � . . .
<br /> and applied toward Uic pnyment uf tho debl herchy s��cured. or. nl liie nplion of the i�lorttiagee, xuch sums eilher wholly ur in � � � � . �� � �
<br /> � . �i parl may he pnid over to Ihe Mor�gak:�r Lo be use�d lo repair such buildings or lu build new• buildinRs in Uirir plvice nr fur any � � . �
<br /> �� ��� � other purPuse or object satis[actory to the �1orlRia�ee without nR�•cting the lien on lhe morl�a�;e tor th� full amount secured here- � �
<br /> '�' � , hy be(are such pnyment ever t�x�k pl�ce � �
<br /> �'..' � 7'o prumptly repair. rrstum or rebuild any buildings or improvemenis now or f�ereaRi�r un th�• premises whir.h may be- �. ,� . . .
<br /> �; � come dnmi+ged or destroyecl: to keep se�id premises in g�wd condition and repair and (r��e from uny mcdianic's lien or ulhi•r lien or �, . . . .
<br /> : �� � clnim of lien not ezpre!:Sly aubordinuled tu �hi• licn herro[: nol to sulTer ur pormil any unlawtul use u[ ur any nuisance to rxist on � . . . . .
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<br /> said property nor to p�rmit wuste on said premises. nnr to dn any olher ncl �aLereby the pruperty hereby cun��i�ved shuil becnme
<br /> ��� � li�r,s valunble. nor lu diminish or imPuir iLs valur by any uct nr nmis,ion tu url: fu complp with all rrquirements nf Inw wi�h re�prct � .
<br /> '� � �o �he mortgaged premises and lhe use ihercuL : . �
<br /> 'I'hnl ahould the premi.es or .�ny part (hercuf Im laken nr damaged by renson of nny public imprnvrrnent or condemnation �
<br /> pmceeciinti, ur under the right o[ rminent domuin, or in any olhcr m�nner, thc �tortgaFec shall bc entitled to all comPensa[ions,
<br /> : . � nwntds, tmd �iny olher puyment or relief therefor, nntl shull be entitled, at its upliou. to commence, ��ppear in �uid prchctiule in iLs �
<br /> � � own nnme nny acti<>n or prceceding, or to make :iny cnmpromise or seltlement in c<ainection wilh such takinti or damage Ail such �
<br /> compenwalion. awnrds. d:�muR�'�. right of nclion and prucrecla nrc• hereby a.vsigned to the l�lortga�;c��. w}�i� muy. after deducling
<br /> � them[rom xll iL� ex�xnsey, relcasu uny mnneys su nYeived 6y it ur apply lhe snme un nny indobtednf�k� secumd hcreb�•. 'Che \1orP
<br /> gagor n6n'ey lo execute such further nxvignments o[ any cumpensnliun. awards. duma�;c�v. and rights of arLion �md prncrc•ds �c. lhe
<br /> � ;�tortgugce mey require.
<br /> T'hot in ctue oE (uilure to pedonn any o[ ihe covenmits hercin. the 1-lorlguger mny do nn thr btorttingur's beh�dt everyfhinR
<br /> ,�: � �. no covenunted: thut lhe Mort�;ngre mny also do uny �ct it mny deem n�•ces+ary to protrct Ihe lien lherco(: th+il fhr hlortgu�;ur wiU �
<br /> � . � , repiry upon demnnd uny moneyx paid or disbursed by the !�tortgagee for r�ny of the above purpmes, nnd such mnneys tngether wilh �
<br /> interest lherron nt Uie ratc prwided in s:aid nute uhnll becom�rso much �dditimtc+! indr6lrKlnesv hereby sr•cumd and muy be im
<br /> � " cluded in unv decrce foreclosing lhiy morlgage and he pnid uut o [ lhe renls ur procecda nf c��lc n[ s.�id premises it not otherw'ise
<br /> � paid: that it shall not be obliqalory upon thc Dlortgagce W inquire into the v:ilidity nt any lien, encuml:rancen, ur clnim in nd•
<br /> " � vancing moneys as ebove nulhorized, hut nuthing herein coninined shedl Ix conslrued ns nv�ui �in�; lhe illortKagce �^ +ulv:�nce any
<br /> . : moneys for any such pur{wse nor fo do nny act lir. reunder, and that �1ortgatire �hnll not incur :m}• pi•rsonnl IiaFilily Uccau�e of nny
<br /> �, thinF it mny do or omil !o do hcreunder.
<br /> ' In the event u( the de(ault by blurtgngur in thr paymenl of nny inst+illmrnl, ns requimd by lhr Nute si•avrd hereby, or
<br /> in lhu pedormunce ot the obligaliun in lhis mozlgnFe ur in the note �.�currnl lhemby, the 1lnrlgagee shall he �mlilled to dc�:lare lhe �
<br /> � , debt secured hereM• due and payable wilhoul notice, and the Morlgageu nhall be rntilled al ils optinn, withnut nutice, cither by i4sel[ .^ �
<br /> � or by u recciver to }x nppuintai by the court lheree�(. nnd w•i/hout ml:unl lu ttw ndis�uacy u( any socurity !ur LLe indebtedneac u•- - t��� ; �
<br /> cured hereby, to enter upnn and tnke poivession o( the murt�;aged premisee, and tu collect +md rernive lhc renis, issm�s and prafits : . N �
<br /> � lherco[, nnd apply lhe same, less custs ot o�xration und rollection, u�rin the indeblednesv r.c•currd by ihis morlgnge: svid renls, ' �
<br /> � L � icaues nnd proftL9 heing hemby eLvvigned to the hiorlgngec ns further srcurily fnr the p�iym�mt uf all Ip(ICI1�P(Ipl'44 fifY'UffYI Ill'fl'IIY.
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<br /> � . 'Che- MortgaFee ahall heivc tho puwer to nppoint nny aKenl ur agents it mety dreirr fur ihe purpn.e uf r�q�airinti said prem• r`
<br /> ises; rentinq thr. same: collei�tin�; the renLv, mvenuex and income, nnd il muy pay oul o( said incumr all esprnsra incurre.i in rent• �
<br /> � ing nnd manaF�ng the . same nnd o( collecting ihe mnlxls therofrom. '1'he balance remnimng, i( :my, shull be .�PPlied loward the �
<br />� � � dirshnrge af the mortguge indcbt�•dni�s. This r�.;ii;rm:�nt ic tu lenninnti� and !x•cnmr mdl and vnid upun nd��nsr uf thic murt�:atie. . . ..
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