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<br /> MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SHALL DE ' �
<br /> � APPLIED TO INSTALLMENTS� LAST TO OECOME DUE UNDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE NOT IN DEFAULT
<br /> �, � ANO ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR E�THER OF THEM,
<br /> PAYEE AGREES� TO FURNISH TO THE UNDERSIGNED 300% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS AD��ANCEMENT IS PRO• �
<br /> HIBITED OY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EPFECT. ALL SUCH ADVANCEMENTS
<br /> ' SHALL � BE SECUREU BY THIS MORTGA6EJN THE SAME MANNER AND EfFECT AS IF NO PREPAYMENTS HAD BEEN MADE. .
<br /> THE A70RTGAGOR riJRTFiETt COVGNANTS AND AGRI;ES :
<br /> � � � � �ThnE.the nlrarigaKor wiit pay Ihi� indebt��dnoss na brrcinbrforr providrd. � . � . � � . � . '.
<br /> ' � 'Plmt the Murig�For is the nH�ner. of .nid properly in � l��e Simple and hus �ond right nnd lawful siu(horil}' lu �ell nnd , .. . . � .
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<br /> convr.y the �ume and . thni. the vsm�r is frre tmd e�lenr of nny lirn or �•ncumhronre: and Qmt ;�Inrlgn�;or will �enrranf. nnd drfnnd Ihe � � .
<br /> ti�le to iwi<I �ttemisc�v nguinsf the elaims of nU pr.rsonx �rhomsoevre � . . � . . � �
<br /> . 7'n pay immedinfely rshrn due und paynhle nll general tnzes, . sp��cinl tnxes, spee�ia! +�csrssmr�ts, w�der charyes,. sewer serv- ' � .
<br /> ice churges, nnd nther . taxes nnd ehf�rgrx ��gainst suid prop��rty. nnd nll taae:; IevirJ on the deLl. s�•cumd hercbY, and to. (urnieti Ihe �. . � � . .
<br /> � \1�xtgagee, �. upon roquest. ��'iUi Um uriginiil or duplicntu receipts therr[or. "1'he p1urtgn�;or agrr.es thnt therr ahidl be ndded fo � � � .
<br /> � each monfhly pnyment rrquired hereunder or under thr e.vidi�nce a( dehl srcured hero6�• an �imuunt c�slimalyd by lhe 1�lortguger � � . � � � .
<br /> . . . lu be suQicient. lo enablr t�ic Adortgn�ec fo pay, as th��y bccome due. all Likes. n.sessments. .md nimilur chnrges t�pon lhe prcm� . . �.
<br /> iu•s �su6jert [lierrto: any deiiciency bc�cnusr o( thc ins�dliciency of such addiliunul pnymenls sh;il� bu furtho-ith dcposited by tha � � . .
<br /> h{or�gngor �vi16 Q�e i�lortgngee . upou demwid 6y thr �1urf�agee. Any drL•wlt undrr ihi.� parngrnph shall be �Icrmrd a dn(nulf in .
<br /> paymenl of inzer, nssessmvnts, or simil�ar chnr�;E•s rrqnin•d hi�mwidre � .
<br /> 'Che \lorfgngor :�grri�s th��t lhrr�• ..Lall nlso Lr :aJdvd tu rach monlhiy payrnenl of prinrip:+l and infrrn.i rrquin•d here- . . � � .
<br /> ;� '. � � under an smaunt rslimaled by th� Morignxee l0 1��� cu(liciont tu enuble the Atorli;agei• to p:n�, �is it bi�cnmrs dun, Ilic insur;mce � � � �
<br /> pmmium on nuy insurance polic�• delivemd to Ihe \torlgoGi�c. :1ny drficirncy b��ceuse ot thr in�ufliciencc n( vuch :idditinnal pny- . � . �
<br /> menls shnll be furih�eilli dcpiuited by the \forfg,ignr with thr nlurlg.�gre iq>on dvm:yid by Ihe �lnrtga�rr. AnV de•tault imd��r this �� �
<br /> 3'� paragraph shall fu� deemed n drf.mlt in th�� paymrnt uf insurnncc premiums. If thr policy ur pnlicies depnsil��d arr such ati h��me- . .. . .
<br /> }�. . o��•nrn or :�il ri5k policies. and ihe d��posits are insu(6cicnl lo p;3y tbr �•nlire prrmium. ihr R�ori�;�r;ee moy npply Ihe dt�posit to . . � � .
<br /> � `f pny premiume on risks mquired tu IH� in;ur��d Ly ihis mort�;a�;r: � .
<br /> �. -.; P:tymemis tni�de by the \forlgn�;or under the abnvr paragraphs mny, at Ihe option nf Ihr ;1lorige;;��o, h�• hrld hy it. nnd . . . � .
<br /> a� .. ; . commingled aith olher such� funds ur its mvn funds fnr thr paymiml of sucli items, nnd until sn npplied.� sucli paymrnls nrc herrby �, . . �
<br /> � ? pl�viged ns e�•curily for thi� unpaid bulaner o[ thr morlgnqr indehlednes.. � .
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<br /> f;- . � '1'n procure, deliver to, and mnintnin for thi• bem�lit of U�r Aiurtgagee during thc• lifc u( Ihi� murlg��ge uritiinal policies and �. . � .
<br /> � renewnls therml, delivi�red at lra�st �en d.q�s Ixdore �he capiration uf nnp sud� pulicies, insurin� against (iro and nlLer insurable .
<br /> hawnls. casunlGe::, nnd conlingencies as the htortgagee may require, in :m amount rqual lu �he indehtedness secured 6y Ihis � .
<br /> l�tortg�ige, and in compnnies aecepinble to the �tortgngee, with Inss piiynbli� clause in feivor uf and in form nccePtable �o the \(orfka- ' � .
<br />. ��, �. gce. In thc rvca[ nnr policp is nut renew�K1 un or befurr trn d;rvs of its cxpiralinn. thr plurl�;ugrc mny procurc insurnnce nn ihe � . .
<br /> improvements. pny the pr��rnium � therefor. :md such sum vhall becnmi� irtvnedinlelp due nnd payable �.rilh init�reel af ihe rate set , .
<br /> forth in said note until p��id nnd shnll bi� secured by iLi, mortga4e. l�uilure un the pari of tLr Diortgiigor to furni�h ,uch rrncwnl. � . � . .
<br /> x ns �ire hrrcin rcquired or failurc fo puy any sums advann�d hercunder chull. al the option of the Mort�;n�;ec, cunstitul�� a default � . .
<br /> u. under the terms o( this mart�;uga '1'he drlivrrv nt such puliries shnll, in ihe eve�nt uf d�•fnulL cnnsti� ufr m� �issiknmenl uf Ihe un- � �
<br /> � e��rncvl premium. � - .
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<br /> n . . i . Any sums rrcei��ed hy ihe 1lorfga�;re by rrason uf lo,s or d;unnge insured against mny br rvtnini�d hy ihr �furlgaFee � . . . � . .
<br /> R �� � and applied tu���ard the p.ryme�d o( lhr. deht hrreby secured. or. nt the uption o( the �Inritiagee. such sums cilhrr wholly ur in �
<br /> ';; . pnrt tnay be paid ovrr to �he Dforigagor lo be usrd fo rrpair sucl� buildinl:� ��r tu build ni�u• Luildinge in thcir place or tor :mp .
<br /> � � � nther purprne or ubject s:disfnclorc lo the \lnrlga�re without :dii�cting tl�r lirn nn the morlRa�;r for fhe (ull amount si•currd hrre-
<br /> bq betorr cuch puyment ever ta�k pince.
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<br /> °� . 'Cu prumplly repnir. n•sturc ur n•build nny buildin�;s nr imprur�•meNs now ur h�rmRor on the pmmises which mny bc- � .
<br /> �}� e»me dnmaged nr de;troyiyl: tu kecp snid premi=i•s in y;«id condition nnd repair and (rer frum any mrchmiic'ti lien ur uthi•r lien or _ �
<br /> i` � cinim uf lien nat ezpre.dy suLordinnta�d ln the liim herrn(: nnt tu sulier ur p�•rmit nny unla�rful i�s�• n( or :m)' nulsunce to ��xist on � .
<br /> i' � caid property nor to prrniit ���avte on siaid pn•mise., nur to du any other uct �ehembq lh�� pruprrty I��reby com•eyed shall fx•come .. . �
<br /> , lesv vulunbie, nur tn diminish or imp�ir its valur I�y any ar.t ur nmis�inn tn :�ct : tn compl}• with all r��quirrmrnt. n( Imv ��'ith rrspect �
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<br /> tn the mnrtgaged premises :ind lhe use lhrn•of.
<br /> ,`� � Thnt shuuld lhe premises or :+ny part th��rru( Im tnken or d�unoged hy rt�:�con of any public imprncemrni or cundemn:ition
<br /> > procreding, ur under thr riFhl of emineut dnm;tin. or in un)' ulhcr manncr. the �tnrt�:a�:ec shall b�• oulitled to nll cumpansntions.
<br /> ti awnrds, and any other puyment or ralief there(or. aud sh:dl tk enli8ed, nt iLs oplion, to cummence, app��ar in mid pra;�tiule in iLs .
<br /> � nwn natne unY nction or proceeding, ur to mnke nny compromi,e or cetAement in conneclinn «�ilh such [akin{; or dnmaF�'. e\II such
<br /> �: ' compensution. u.rards. dnma;;iw. righl n( aclion and proce�Yiv nri� hereby ns.i�ned to thr Tlorlgiagec•. ���ho ma�•. aflur deductin�
<br /> lhcre(rom tdl il5 ezpenses. retcase any moneys so received ba ii or apply Ihr camr nn miy indrLtrdnr4s si�cured hrreby. 7'hr �torL
<br /> �; gflgor agmes to ex�.rule such (urther nxsignmenis o[ any COill�)CRS.lIl011. :4W:If(IA. <I8rt1f1�:Cg. 111(I riRE�t; nf nctinn nnd prucrrYl; ;�s the
<br /> �iortgngre may require.
<br /> 1'hal in cnse u( fuilure lu perform any u( thr i•ovenanls hercin. lhe Atorlg;�gee may du on ihe \1nrlKnF���s belvdf rvrrpihing
<br /> 7: sn covenanted; thnt the \lorttingre tnny �Iso do nny act it mny di•em necesc�ry tu prulrct thc lien thereo(; tbnt th�• Atortgagnr will
<br /> repay upon di•mand any mnneys pnid or disbuesed bp thr� t�lurtgs�;ee for nny o( the abovr purPmes, nnd such mc�urys Ing�•ther wi�h
<br /> interret thereon nt the rnte providrd in said nnle shssll becnme so murh additiunal indr•Ltrvini�ss h�•rrh�� securrd ;md muy lx� in•
<br /> �, cluded in uny drereu fon�lnsing this mortga�:e and be paid uut u ( the rents ur procceds uf ;alr nt u�id premises i( not ntheneisc
<br /> � priid: that it shnll nut be obligalory upon thr \fortgagci� tu inquire into ihe r;didity o[ :my� lirn, rncumk;nmcc�c nr claim in nd-
<br /> : vnncing moneys as above authorized. but nuthin�; hi�rcin cunlnined shell Ix� cunstrued ns rtr�uirinti the Uuritiaget• tu :uh�anre nny
<br /> ��-,- moneys for nny such purpose nor to do any ar.t hen•under: and ihat 1Tnrtg���ee shnll nol im•ur mn� per�unal Iiabilify b��cau�r nf nny'
<br /> thin� it moy do or omit to do herrundcr.
<br /> In lhr event uf tlie detuult by \Iorlgngor in thi• payment of :iny installment. as rcyuired Ly lhe Nuti• srrun•d hrreby. or
<br /> . in lhe per(urtnonce uf the o6liFution in ihis mortgnge i�r in iha noti� secured themhy. the \tnrlga�;ec shall be entitl�•d tn drcirae the
<br /> � dr6t secured hereby due and puyahle without notice.� and !he 11orlRngec shall 6e entitlE•d nt ilc nption. �rilhout nolice, cither Ly itselt
<br /> nr by a rettiver to bc� uppuintiYi by the coud lhrreuf, nnd without mtinrtl lo the :�dequncy o( any serurit>• fur lhe indrbtedness se- � � � '
<br /> cured herebY. tu enkr upon and take possession o( the mortgnged pr��misev. nnd to cnllrct and rrcF�ivr the rrnts. issues rend profitv � �... - ..'� �"`� ,
<br /> . Ihrreo[, and apply the s:une, less cusLv ot opernlion nnd crollretion, u�xin Ihe in<lebtedness ururrd hy thic mnrtFugt�: viid rents, � N �"� ' �
<br /> ' icsues nnd profiLv FMinti hereliy rts.aigned to the TtortF:�R�`r ns fur�hiv srcurih• (or the paym�•nl o( all ind�•ht�•dn�•ss s�v�urtvi herrby. . �
<br /> L 7'he N1urlgaF� shfill heve thn pmver to uppoint any agent or aaFe�nls �l m:�y desire (or thc purpusi� nf repairing s;iid prem� d
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<br /> iy�ti; mnting lhe samr; mllectinK 1he rcntu, mvenuen and incume, and it may pay oot o( ,:iid incumr all ��xpen���s incu�rrd in rrnt- � � �, �
<br /> ; ing nnd mannPing lhe xnme and of collectin� thr rentnlx Ihercfrom. 'I'hr balnnce r��ma�inin�;. it an��, shttll hr appli��d lmvtvd lhr t(} �
<br />�, ; disc•hnr�;e o! the mor(gfige indrLte<Im�,s. This nsrignmrnt ia to t��rminsate �ind fx�cumr null ar,d vnid upnn rrlrus�• nf thi. murl�age. .. .
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