|
� � { ;,�,;.
<br />`" " � 76- U05yEi ;?
<br />�� � �
<br />�3,� MOR7GAGORS � MAY MAKG PREPAYMENTS UF PRINCIPAL ON ANV INSTALL1dENT OUE DATE. SUCN PRFPAYMENT SHALL t3E
<br />��t' APPLIED TO INSTAILMENTS LAST 1'0 DEGOME DUE UNDER THIS MONTGACE. PROYIDED THE UN�ERSIGNED ARL NOT IN UEFAULT
<br />" � � AND ARE THEN THE OWNERS OF THE MORTGAREO PROPERTY, UPON REQUE5� OF THE UNUERSIGNED, OR EITHER OF TNEM, �
<br /> � PAYEE AGREES TO FURNISH TO THE UNDERSIGNED IOOa/� OF SUCN PRINCIPAL PREPAYMENTS, UNLLSS A�YANCCMENT IS PRO•
<br /> � HIQITED OY THE REGULATIONS OF CHARTERING AND SUPERVI50RY AUTHOR�TIES THEN IN EFFECT. Al.l. uUCH AUYANCEMENiS
<br /> � SHALL UE SECURED BY THIS A70RTGh6E IN THE SAME MANNEN AND EFFECT AS IF ND PItEPAYMENTS HAU B[F.N MAUC.
<br /> TI�P A{ORTGAGOR FUR'19ILI2' ('(1V1iNAN7'S AND :1Cf1FiGS:
<br /> ��. . ( '1'Im4 thu \taNwa�;��r will pny th��� indrblydm�.a. :�� hrrrinh�dnr�� pi��,ri�i��d. � � . . .
<br /> 'I'h:at. Ihc Mnrl �;t�gur ix 16r owurr o[ .:�irl proprrl �� in (��o �implc iand has �:oal righl :wd I:nelnl nuthnrity lu �:cll nnd � . �
<br /> � cnnco�� thi� snme nnd �.h:d thr nnnu� is fror nnd � clo:ir of iin}� licn or rnrnmhrnncr: nucl Ihn1. \�nri�;nRar will wnrranl nnd d�•fnnd thn � . . .
<br /> tidie �o snid prvinise� :p;niusL Ihe rL�ims n( :Jl � pvrsons whornsoocrr. . . .
<br /> 'Po pny immedinirly ���hen �hie :md p;qmb�c nll sen�v:il t�icca. sprcinl liu�•:e, sPrcinl ��.•e«menls, �c:drr ehm�� i a� =ower ,rrc, . . . � . � � .
<br /> ; i�r char�;cs. :md cdher l;ixev mid chargvn at;ai�iat �aid prnprrfy . nnd all t:�a��a Ira���d un lhe Jv6� »reumd Lrreb�•. nud lo (uriuul� t6n � .
<br /> � Aiortgn{;i�i•, upon� r�v�uest.� w'itl� lhe uril:in;tl nr dupflrale cceript� lhrr�dnr. '1'he �IorlF:n�ur �agrrv� � tL:d fhare �hnU be addod In . . �
<br /> . ���iclt monlhl)' Pa1•menl trquired horrunder or und��r the evid�rnci• �d delrl �rrumd li��rrb�� mi mumin� c4Uuvitrd bo' Ihe � �furlgoRrv� . �
<br /> to be sutliciant In rnnble th�� Alorigng��e to �mc, ns �hcy L��i�nino duc. nll lnxes. issrssmenl�, �md simil �r v.hnrY.r. uPnn thr prrnr . . .
<br /> � . i.es sut�j�rt ihereln: any deficiene�� L�K:�u+r o( tlie iirvulficirnrc ot .uch ndditinnal P�F�»�'��Iv xhidl bo . (arthe�ith di�P���i�ed by thn � . .
<br /> Atortl;a�;nr � ���ilh tho �1ur�g:4:co npun dcmnnd h�� ihe NorlgaFrc. An�� rlvfa�dl wid�rr Ihis par�y; r,iph �hall 6c Jrcm��d n daf;�ul� in . . � .
<br /> - � p:�ymonl. of t��xr., nstic�ssmenls, nr similar r6nr�rs rrquirrd hrrrwidrr. � .
<br /> ��� �� � . 'I'hr i�lorlgnt;ur ;��;rrrs Ihnf Ihrrc al�nl! oho br :�ddvd t �� i:���h mnnthlc Pm•mi�nt of prin��ip:il nnd inirrr�l rrquirrd hrrr. . � . -
<br /> . undrr :m �imuunt i�slimnted h�' fho Alorf�;nCcr tn I�o .u0ici�•nt tu rnnhir Ihc \turt�;:q�i�c tn p;�r, :iv it Locumoa duo. ihr ins�n�ancr .
<br /> pnmiwn on :my insurnnir� p��GeF doliverrd tu lhr �Inrly�agr�•. :1m• deficioni�y b�cmire nf Ihe in�nliirlancy u( �sur6 addiii�.rn�l ��ny- � �
<br /> m��nts sir�dl b�� f��rlh��ilh di�positod by thr \turl �:a�:or ivilh iho U �rzt�;:�Fvo nP���� drnu+�id 6�� Ihr \inrtia�g�•v. :\ m- doGn�ll unJor this . .
<br /> p:irnRraph chall Iw• dermed :i drfuult in Ihr paymrni ��f insurnner prrrniuu�v. If Ihe pnlicc ��r polirirs � Irpn�iird nr�� surh us h�nno. .
<br /> a�� . u�eno�x or �ill rink pnli�•i��s. �md Iho Jc��u.its :vr inxuffici��nl in pnq thr rntiro pnnnium. th�� \lur� e:U:�•c mnp :�pply Ih�� dopocit In . �
<br /> e`. ��aa prrmiums on risks requin�d tu br iusurrd hp lliis morlgn�r: � .
<br /> - 3'����mrnt. m:�de h)� �Ik• DInrIl:nFor Und��r ih�• :ibu��r pnngr:�phs nmc. nl ILr uplinn uf 16r \lurt�;n�;e��, Lr hrbl hq it nnd ; . .
<br /> romminglerl �rilh nlhor such (mids or its nwn fnnds fia• Ihr pn��monl of nui•h il��m}. snd nrdil xn �ipplird. such p:n�mrnl �: :v�� hrri•Ly .
<br /> pLyl;;rd :�s .a�unly (ur thc unpsid biilanrc ul Uu> mnr��aa�;r indeb�e�lne�s. . .
<br /> '1'u procw���. dcliecr lu. ;mJ mninlnin lor Ihi• I�rn�,fil n( 16r Uurt�:n�:cc� durin�; Uir lilr nf this murttiagi� nrU:in:il pnliricY nud . � .
<br /> muc�rats lheri�c�f, dcli�•�•rcd nl Ioasl irn d:�ys ladnra Ihe �•apiraliun uf nu.1' �ueh p�ilicira, in.aurin� :�uainnl (im nnd utLer insur:ddc , �
<br /> � hazanle. �•a.uullius. :tnd cunlingencii•.+ :�s II�o 1loflF:�gca m:t)� rrqniro. in ❑n :mw�ml oqu:d In llio indrht�•dnces �rcurcd by Ihiv . . . � .
<br /> 11orl �;nge, nnd in cumpm�ios nccrptnblr lu lh�• \1nrlgnR<�v, �vitli lu,:x pnynhlr clauur iu fiivor �d :�nd in [urm acco�rlublr lu Ihe \1url�;ri- � � . � . �
<br /> �i���. Lt Ihr crenl any pnlicy is nol rrnr�crd nn or bo(urr Irn dnyn nf ila rcpirdiun. Ilir \1ut�YaFn� mar prucurr invurnnrr un ihr .
<br /> impru�•rments. piay U�r prrmiunt . lherr(or. :md such siun sh:dl IN�cumr inunrdint��ly du�• nod Pm�ubli� w�ilh inlrrest nl Ih�� rulr .el . .
<br /> {' fortl� in tiaid nnto uutil p�iid and nhnll b�� sr��iu�i•d I»' Ihis morl�;n�:��. Ihilurc un iha porL of Ihr 11urh:nr,nr io furninh .uch rruo�v�ds ' �
<br /> n� arn hvrein rrquirrd nr Inihire Iu p:n' nny .um� nd�•;inrrd hrrrund��r sh+dl. �rt Unr option of Ihe \turt �::igcr. ���m+lilul�� ❑ di�L•iu1L .
<br /> and�•r lho tenn. oI Ihiti murl�;rge. 'I�hi� drllern' n( .ucL pnli�io. sh:dl, in Ih�• ��rim� n[ d�•fiiult , ruuxlitu�r nn iis.i�;ww�nt nl Iho nm .
<br /> ��nrn�.l promium. � � .
<br /> . .i An�� :+ums r�•ceicrd h�• tho \lurlgngrr by rexsun ni I��ss ar d:nn.�Re iu4umd �q;;�invl mny Lr ml:�im�d liy' tbe \lur4::iti�'r . .
<br /> imd :q�pliiKi lou�nrd !ho pnymenl uf LLe drht hiveby =ccu�rd. or. :d. lhe o�rtion n( Ihr I�Ini'If.��rtee, such vutns rithi•r whuliy u� in . : . . � . .
<br /> pxrt moy bc p��id urrr �u ihr \turl ;;ntinr lo I�r n.ed lo rop:�ir ..uch Luildin�:s or In build nrw Lnildin�:K in thi�ir Pl:�ri� nr for miy .
<br /> ij� othrr pnrpuye ur u6jrct aulislnclorp to tLe ;1(u�l;;ngee �rithoul ydToclin�; Ihr lieu an Ihr nwrl �;ii�:o tur Uie (ull nninmd xronred hrrr-
<br /> ;i: � by Lv(ure .url� pn>'mont m�cr l�rok plat'i�.
<br /> a� 'Co prnmpll�' rrpnir. r����urc ur rrbuild :m)' 6uildin�;s ur impru��„mrnls nmc nr horrnllrr un Ihr pr��mi�r� �rLich trioy br� � .
<br /> H` . rnme �i�im:unvl or d�•slroy�vl; tu krop snid prrmisr, in �;�wrd rnndilinn �ind rrpair und froo frnm m�y rnecl��u�ic'v li�•n or nthrr liou or . .
<br /> `� � cinim o( lion nut oz��rc.vly snburdinalrJ tn tl�c lion brrrui: n�,i lu sulT��r ur prnnil :mr unlnw(ul nm u( ur imp uuis:mcr tn rxisl un �
<br /> �� � s;+id prop��rl�• nur to prnnit w:icto on s:iid promisrn, m �r a� da nuy ��thar :u•t whrrrbp lho pra��rrty hcrcby roncr>�od vlmll 6rcanu� .
<br /> � ��� Irss �:dwihlr. nor tu dimiui.h or imPair iis �:ilw� by :mr nrl nr mnissi�m lu ni�t : lu �•nmple �ri16 idl rrquir��m��n�n u( la�.� �rilh rovprcl � .
<br /> (n ih�� mnriRnR���l prcmi�cs �md l�io u.c IhrrouL � � �
<br /> ii. 'Chni xlinuld thc prcmisra ar �m1' Part tl�rrro( bo Inkrn ��r dnnwticd liy r�•uson nf :my public imprnv�•mrnl or cnnd��mnnfimi
<br /> ' pr�:�crrdinK. ur under lhc righl of ominrnt dumniu, or iu auy other m��nn�•L ih�• \lartti:i�:e�• choll 6o rntill��d lo nll �'��mpen��dions,
<br /> mvardn, und uny ulher pnyment ur rrlirf Ihrrefnr. :md .Lidl bc i�nlillyd, :il. its upUun. In P.utiunl•nPe. npprnf In anil Prosir•1d�• i11 ilx
<br /> � uwn name nnv uction nr pn.rrcdin�;� or lu mnkc mp• rnmprumisu ur .rttlouu�nl in cuunrction �rith vuch L•�kiiu: ar d;uuag��. ,111 vuch
<br />' � comp�•nwlinn. awurds, dumngi�v, rit;ht n[ ncliun :wd pr��coivle iv�• hrrchy n..i�au�d lo Uir iturh::��:�r. ���hu nmy, nf1��r drdurtinl:
<br /> � horrfrum ull its r�zP��nsi•v, n4r:isc uny muui�y, .0 rrrcived b�� il ur npply � li�� �:nnr uu any ind��bl���inrns tirrurrd 6rrcLy. 'I'ho \inrl �
<br /> z i:nl:nr ngrcr�; !o i�x��ndo such G�rlhor n�si�;nntenl+ uf n�q� rnmp�•ivatinn. m��rvJ., d:mm�;�•v. :md riRhb n( ncli��n iu�d prnrr�•d� u� Ihr
<br /> �.
<br /> � Mnrlgngi•r ntny rir�uirr.
<br /> �; � .. '1'hnt in cns�• ut fliilurc �u perfurm any o( Iho c„venanls h�� rrin, lhi• \t��rlgni;cr m��y do nn Ihr \lurl�;�ya�r't brhnlf i�vorvWinl;
<br /> 7, ' so c�wen>mied: th:d t6e Alurlgugee �uny idsii du nny ucl il nwy drrm nem,..vy in prulocl th�� li��n Ihon•nf: th��� thr �Inrli:atiur a�ill
<br /> s.� �, repny upnn demrmd any mm�e��s pnid ur di.buned liy� Ih�� Alnrlgn�;ro (ur :�ny uf Ih�� nbuve purp�nc�+. �wd such mone��s lu�:��ll�rr �rilh
<br /> �". � intenwl lhenyai nL Ihi� r:11i� prnvidrd in sni<I nul�• chnll I�ci•anm so much nddiliou;d indrhledm�ss hvrrliy s�•curcd nnd tnny IH• in-
<br /> e: . cludcd in Hnp d�•cr�y� (orn•I���ing lhiv murigaF:c und bc pnid uirt uf tLc rrnt.. ur pruardz nC s:ilr u( .:�id prrmives if nul uthonvisr
<br /> a
<br /> pnid: ILaI it shnll nnl 6o ublil:+dnrv upnn lhc \1urtCngco In inquir�� iutu ihr r,didilv u( iiny lirn. rnrinnLr;morn. ��r cl�iim in ntL
<br /> � \•t1lll'Ifl� IOUfICVB SI4 ubuce nulhnri'trd. Lul nu� hi �q: hrrrin cunlninvd nhnl) Ir• rnnvlrurd nr �rquiriu�; Ihr \1o���gu�;rr In ��druic�� nny
<br /> ,; . '. muncys for :�ny sui•h Purposi• nor lu Ju any oct hrrrw�dcr; and fh:d pfurftiiq:r�• s6all n��l inrw� m�v P��r.� �n:d IiuLility Lrr�u�vr ��f nny.
<br /> . lhin�; il m��y do or umit In du hrroundor.
<br /> . �. In th�� c��enl �d Ihr dclnult by Murlgn�;nr in Ihr p:n•mrnl of :uiy in.l;dlrnrnl . :�. rrqnirrJ Ly Ihr itinli• �ri�nmd hrn•Iry. ��r
<br /> in thc• �n�rfunnona• u( thr ubligalion in this morl�;ntir or in iho not�� w�currJ Ili�voby, tho Alnrl�;n�r�� shnll Lo onlill�•J t� � JiY�l.irc Ihr
<br /> �. debt secured Lr[ehy du��, nnd pnyuLle wilhuul nolice. unJ thr 11or�cn�:re �hull bi• rnlill��d n! il+ oplinn. ���illiuut uulii•c. eilhrr by ilsrll �
<br /> - nr hy n rccriver tu Iw app�iiulirl by Ilu� cuurt thrmuf, imd wi� houl rc�'nrd lu Ihc ad�Y�wuy� ut unv �ornrily Inr Ih�• inJ�•blydm�vt z��. .;. �
<br /> . cured hereb)'. tu rnler upon und luhe puvsos.iun u( !he mo� lg:�a:�•d pr�•mi,�•e. and lo colircl nnd rvroivc Iho mnl�, issues �nd prufits ,.�?. ,'� :' -
<br /> � � ihomu(. nnd :yiplV Ihc salnr. Irsa pnty u[ uperulion und rtdlcc�ion. upnu lho indrblocinrsv .�ecu �ed by ihis �nnrtgnl;e: x:�id mn1H, ; ' pj ��:.
<br /> � � issues �jnd prufita Ix•ing hercby ussign�•d iu Ihc \1url�uA:cr n� (ur�h��r ��•cnrila fur lhc p�rvmonl uf :JI indrbt��Jn�•:.x s�rumd h��rrLy, � '
<br /> . . � . •I'hr 11otlGuR�K+ xtwll I�nc�e thr po�ver �u uppuint uny ngrut ur n�:�•nl . it m;q• do.iir f��r 16i� pi.u�p�rr uf rrp�nrinti uud prrm� sp .
<br /> � i.es; rrntmg l6e cnm��: crdlrcting Ihe rrnlr:. r��vrnu�•n und inci.mie, m�d it mnp p:q' nid. n( c:iid inc��mi• ;ill 1'C �IPIISCA IIICIIffIYI in rrnL n ' T�.' .
<br /> , ing imd mnnaging Ihe vnme :md n( culli•cling thr rrntale Ilicndrum. "Chr Fnl:mc�� rrmainin�:. i( �+ny. ?h�41 6�� npplir� l lu.v;ird Uu• � �
<br />' ' . � divcharRe o( l6e mucll��p;r inJ�•bl��dnres. 'I'his �u:siRnnu�n� in tn Ir� minnl�• im�l I�ru�ur null imd ��uid �qum rrL•+r.v �d Ihi� m� �rlRnRe. . th
<br />�. .
<br />�
<br />�wy
<br /> i:�
<br />�
<br />=� �� _ � . �
<br /> �
<br />
|