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<br />� .. MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DA7E. SUCH PREPAYMENT SHpLL BE �
<br /> 30 � � APPUEO TO INSTALLMENTS LA5T TO BECOME DUE UN�ER THIS MORTGACE PROVIDED � TNE 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 Pft0• .
<br /> HIBf7ED BY THE REGULA7lONS Of CHARTERING ANU SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCN ADVANCEMENTS �
<br /> SHALL BE SECURED 8Y THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAU BEEN MADE.
<br /> THE A40RTGAGOR FURTHER COV�NANTS AND AGREF.S ;
<br /> -�� - ThHt thc Mortgagor will PIIS' the indchtrrinesv as hrrrinh�•fore prnvidrd. � � � � � � � � � � � . �
<br /> � � . � � 'Phbt � the hturigugnr is the nwner. of said pm�mrty in fee � simple :�nd has Euirl ri�;ht and law•ful authority to .rli and . . � �
<br /> � conFey the snme. and that the snme isfree and clrnr of any lien ur encumbrenec•: snd that A7nrtt;aFnr will �+�arr�nt. n�d defend the .
<br /> � tiNe �. to � wid prnmisiw � against the cluims �t all per.sons whonuoevee � . . . � �
<br /> � � � To � pay. immedintely w�hen dae and payable all genernl taxes, special taxe+. s{iecial aeuc:sments. w:iter rhar es. suw�er se•ro•- . . � � � �� . .
<br /> � i� . � � ice chnrges, and otfier tuzes and chnrges against said property, nnd aU tazes lovir-cl on the deht srevred hereb}•, and 'w turnish tlie � � � � �
<br /> � Aiorfgagee, upon request. - witli � the . uriFinal � or duplicate nxeipt. there(ur. Thc �turtgaFor a;;rers ih�rt t.here shall bc added . tn � - . .
<br /> ' � each munthly payment required hereundcr or ur.der Ihc e�•idence o[ d�bt. srcurcd hrrebp +in ainowit es�imulre! b}• the \lortgage� � � �
<br /> ' `. � to be . sufficie�it to enable . the Alongagce tn pu>', ns lhey becnme due, all fazes.� �sx•>sments, and similtir chnrge; u��n lt�e prem• � . .
<br /> � . `�. iws subjc�:t thereto; . any deficirncy Uccause ut the. insuti'icience of such addiGonat paymenls �hall bc torth�+'ith deposittd . by th� � � � -
<br /> ' 1(nrtgagnr wiih lhe \torigagee upon dc�mand by lhe \1orl;;atiee Any Jeiault under. tliis para�raph shall � 6e deemed A de(ault in . . .
<br /> �� ���� ; . payment ot taze„ atw�sments,� �ir �imilar charevs rrquirrd h�•rrundrn . . � .
<br /> .�. ,i � . . . . .
<br /> � -� `; � . 7'he Alurtgagor agri�es that lherc .;hall aisc, tx� �idd��d tu eaci� monthly payment n( prinefpu! and ini��re;t required heze- � . . . . .
<br /> under an amount estimatr•d bp the \lortgaK�'F' to be >tif(icient iu � nahl� thr :1lortt�agec tn pay, as it kx•come•: due, the insurancr � � - � ,
<br /> � .:� � � . pmmium on nny insurance policy dehvere<1 i�� t6�� Atort::u{;ee. Any d�•Ctcienec hrcnuse nf ihr in�ulHcienc)' uf surh additicmnl pay- � � � . .
<br /> . .. � � mentc shall Ix• forthwith deposifed Lp the Afurigagor wif.h the �1ort�;��ee u�wn drm:�d h�' Ihr lfortga�c•e. Any de•fsult unJer this � -
<br /> p�ragrnph shall i�e deemrd a default in die payme•nt e�[ insurance premiums. If thc �x�lic�� or pulicies drp�sited are such as home- � . � � .
<br /> awners or al( risA poticies. and lhe de�x�sits are insafticient. tu pay thr entire prrmium. the :�torlgngce ma�� upply the depo;it to � .
<br /> � pny premiums un risks rrquire�i ln 1>e insumd by thi.; mnrt�aFe� . . � . .
<br /> � �� i Paymenis made Uy fhc :Surlgagor unde.r the aboce � paraFrapn; may. at ihc opiiun oi the 11nr[gagev, Fe hrld hy it and � � . � .
<br /> commingled wilh other such fun�l,- ��r iu uwn funds (nr fhc• payment of such items. �nd until tin ap���lird. such pnyments am herebp . . . . .
<br /> ����.�.�j � pl�dged as scrurity (or the unpaid balance o[ ihr mortga;e indebtrdness. . . . . � .
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<br /> 'I'o pn�cure, drlicer to, and mainfain tor ihe brni�fit <if thr '�1ort��agre rlurinc the life of this murtFaRe ori�;inal pulicirs an<1 .
<br /> . � renewals thercwf, drliverecl nt least ten day'� i�e(ore fhe rzpiration of uny such policie�. iacuring aeainst tirr and othrr insurai+le . � . .
<br /> '' haracds. casualties, end contingencia•s as ihe �1urtgagee may rc�uirr, in an amount eyual !u tlie indebtednec5 =ecureci hy ihis � � -
<br /> �� � � Aturt�aRe• A�ld in wmpanies arecptable tu ihe �iortFaGee. u�itlr Ir,ss pupahle cluuu: in fasor of and in forni ��cceptable to the Jioriga- � � �
<br /> ���� �` qee. In �he event an>• policp is not renE•werl on or brtorc ten dnys of ifs expira�inn. the \Surteagce may pre�cwe insurance on the � . . .
<br /> �� impnrvrmenis, pay thc premium therefor. .md such sum �hull beivme immediatelc due and payeblc u�ith interest at thc rate set � � �
<br /> � 1 forth in said nott� until paid und shal! IH� secured by this mnrtgage. Failure on tne part n( the iinrtgagor tn furnish such reneu'ah � -
<br /> us am herrin r�quimd ur (xilure tn pap :�np �ums aadvunced hi•reundrr shsll, at the option of the �fort�a�e�, cunstiiute a detault � . �
<br /> under the terms uf this morigage. 'Phe d�•livery of snen policirs shall, In the rvrnt of didault. c�>nstituti• an assi�nmrnt af the vm �
<br /> �, '� j carn�Yl pmmium. � � �
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<br /> .Any sums receieed L� the \tortgagcr by rrason o( Inss or damnge insur�•ci against may be retained bc the ilortFagcr � . . . .
<br /> and applicKl toward the pay�ment ot the d��bt hereby� scrured, or. ac the option oL tnc Atort;;agcK•, such sums eithrr w�hoth• or in � � � � - � �
<br /> �� part may ixr p�id oeer t�� thr \fort�agor tu lw� us��cl tn rrpair �uch buiidint;s or to build new• huildin�;s in their place or Ior any ��
<br /> ±� - other purposi+ or objn•t satis[actory to ih�• Siuri�a�ee w�ilhoui aRiK•tinr the li�>n on the morteage for the (ull amuur.t srcured here- -
<br /> . }ry l�efore Such pacment ��•er t�nk placa � � �
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<br /> Tu promptly mpair. rrswre or rebuild 1np I>uildinFs or impro��ement� now or hi•n•,�fter on U�e prrmi=es which may i,r• .
<br /> cnme damaF� ur destroyes3: to kreD �.;:iid prrmis��s in ;;���d r.ondilion and repair ar.d frce from xny mechanic's lien or other lien or � .
<br /> �� � cl.tim �d lien nut expre�,Iy =�t�irdinated lo lhc lien iiererL nnt tn sutTrr or pernut am� unla«�ful use n! ur any nui;ance to exi�t an � . �
<br /> ` ciid property nor tu permit waste on said premivrs. nor to dn any mher nct �vherv�by th�� property hrrebp cnnvnyed sha(! tx�come . � �
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<br /> '� � � Izss calua6le. nnr to diminish ur impair its value Ly an}• act nr umis:iun to :+ct : to campl� �. ifh nll nv�wrrmrnt, o( la��� u�ith nwyect �
<br /> v'�- to the mnrt�;aKCKI premises and the ux therroL � �
<br /> 'Chat thuuld the prcKni:�s or any part ihrreo[ Im taken or dama�;��ei b}• r:•azon oi an>• public improcerm•nt or cv>nd�mnation �
<br /> prcu�e�xlin�, or under the rigiit ut eminrnt domain, or in any oiher mannrr, iFe 'lfort�:a4ee shall Iue �aititicKl lo all cv�m{x�neatioa�.
<br /> . awards, and uny other payment or relief therefur. nnd shall lHe entitled, at ic; u��tion. to rnmmence. rippenr in a:ir! prmicute in its
<br /> ;' aim nutne any uction ot pn,cerding, or tu make any comV«���ge ur �ctdement in conmrtion w�ith such takin�: or dama�:e. All such
<br /> ,e:. cum{mnsation, awards, damagrs. right of actiun and pmceeds are hrrehy assi�;ned fo the \forlga;;er, who may, nher deduchnc
<br /> ? � therefrom nll iLs rzpc•nse>, relrase uny .moneys su recei��ed by it nr apply the same on any indebtrdne�i secured herehy. 7'hr \lnrt-
<br /> gagor aFmes to excrute such further asjignmenLg of nny compen>atiun. a�+'nrds, damagea, and ti�hts oi action and prncavic ns the
<br /> hlorlgaRee ma}• riquirr.
<br /> �� �� Thut in case o( (ailure io �rform any ot ihr rocenants herein, the 9fortgagee may do un Nie \lort�a�ur's :Khalt ecery�t}�ing
<br /> sn crovennnt�sl: thnt the DtortKn€ee may also do uny acl it may deem ncansary tn protert dv lien tnrrrof; tlu+t ihe \tortgaenr will
<br /> ,� re�pay upon demand any ttmne�•s paid or disbursed by the Aioctgugee for any o( the ahuve parposr., and such moneys tugether with
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<br /> ' iniernst iherrun et the rule prwid�d in said notr shatl brcome so much .�dditinnai indebt�clnFrss iit•reh}� -ecured and mup fa� in-
<br /> � cludcrl in any dccme loredc�sing ihis morigaR� and Lc paid out of the rents ur procced.+ nf cilc o( said prrntises if nol ut;�eru�ise
<br /> � i paid: that it shall not be obli�;atory u�xm lhe Afwt�ag�r to inquire into thc calidity u( any� li�•n. encuml;rancos. or elaim in ud-
<br /> vancinK moneys uc aEx���r authurizrd, but nothing herein eru�tained siiall FK� con,trucii as reyuiring thr �1nrtFagee tu ad�•ance any�
<br /> moneys (or any such purFxrse nor to dn :u�y a��t hereunder: and ihut \tort�;a4ci' shall n�a inrur nny p�•r,unxl liabilitq M�rm.r of any-
<br /> , thing it may do or omil to do hereundea �
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<br /> In thr erent uI thc de[ault Uy \fortgngor in the payment oi fim� mstxllmcni , nc rrquue<7 b�� thr 1oti� x�•curod h�•mby. or
<br /> � in ihe �xr(<�rmnn��r uf thr ohliKa�ion in this mortgaKe or in the noln SPCIIfEYI L}}���p�>\', �{1P \1<�rtga{�re shall br enlitlevl t<� d<clarr thc
<br /> . debt srcumd hett•b>• due and pnyable withou! nulice. and th+� \forl�;agee shal} bs� entiderl nt i�s optinn, w'ithuut nnti[Z�. rither hV iiwlf -
<br /> �, �,r by n recricer lu be appointed k�y the murt thercrof, and H�ithout reKurci to the adts�uncy of any w�curil}• (��r the indrbtedness se- � 1 .
<br /> . cured hereby, to entrr u�ron :uid takr possevion uf the mort�;aged Premises. �nd tu rnlL-ct and mcrie�• the rents, iasues nnd profils � - �
<br /> thereot, und t�pply the name, less costs cf u�xralion und cvllectiun, u�x�n th�• indrhtiKlne.s M-cunrd t�y this mortgagr; snid rnnts, N � _
<br /> : i icsue,a nnd proftfx beinK hemby xs�:iKne� lo the Dtortgagre as further srcurih• fnr Ihe paymFnt of all indeblydness vY•ur.Yl hrrchc. �� � '
<br /> 7'hr� rlort�aSE'e shali have the power to ap{wint uny a�;ent ur a�ents i[ mag d���im fc�r the par�xnr o( rrpairinK ti:��d prrm• *3
<br /> � isi�: rendng ihe same: ndlreting lhe rents, revenu�y and incume, ond it may pay out nf �:+id ina�me :ilI c:prnn�•, ina�rrcYl im m�[- �` �� �
<br />' ing nnd manaX�ng the samr and ut coliectinK �}��' 7entsls theredrom. 'I'he balWue remainin�, if any, shall Lr applird tuward th� � .
<br />' � . di9c}�nr�e ot the murt�a�e indehtedners. 7'fiis :assiCnmen[ ic tn trrminat�• nr,�l Iw•con;r null and v��Id upnn n�i�.ns� ��1 tl�i, m�t[Kai;r. , .r.
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