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<br />�� �dORTGAGORS IdAY �dAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALL�dENT DUE DATE. SUCH PREPAYMENT SHALL BE
<br /> APFLIED TO INSTALLMENTS LAST TO BECOME OUE UNDER THIS MORTGkGE. PR041DED THE UNDERSIGNED ARE NOT IN DEFAULT
<br /> � AND ARE THEN TiiE OWNERS OF "fHE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITIIER OF THEM.
<br /> � PAYEE'AGREES TO FURNISH �70 THE UNDERSIGNED 100% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMEN7 �S PRO• . �
<br /> � � HIBITED BY THE REGULATIONS Of CHARTERING AND SUPERYISORY AUTHORITIES THEN IN EFFECT. ALL SUCH ADVANCEfdENTS � �
<br /> � � SHALL� BE SECURED 8Y SHIS MORTGAGE IN THE SAME MANNER AND EFFECT. AS IF NO PREPAYIdENTS HAD BEEN MADE. - � �
<br /> TfiE h10RTGAGOR FURTHBR COVrNAN7'S AND AGREF.S:
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<br /> '1'het �ihe �. Modga�or wilf pny the� indehtedness as hereinhrfnre pro��idrd. � . � � � . � � . � �
<br /> � � � That lhe Murtgagor . is tlie oK•ner ��f sai<i propvrty in (ee simple and has gorui ri�ht and I:ia�ful authorih' tu sell and . . . . . � �.
<br /> eunvey the same and thul the snme is [ree nnd clrar o( any lirn or encumhrana�: and that. At��rlgagur ���ill ta:�rront. and drfand the � � � � � �
<br /> � title tu �� said �. prernises egziins! the claims o[ iill . �)Cfi0115 whnmsoerec � � � . . � � . � �
<br /> . . ?b pay 1711fI1C<�lil[P�)' .K'DCII f�UC 1711� �121}'8�)�C 0�� I:CpC[8� �8%Bg� j�)pCtO� �L%P5: SEII•<'iH� :IS.if'SSRII'O{ti. ivB�P! f}13��'P5. SCN'l't SCtV- . . . . ..
<br /> in�� chnrges, and other faar.s and clinrF� � £i6linst said pruprrly, and uli taxes levird nn the drbt secured hereby, and to furnish the . . �
<br /> �- . .11orfFnRee, upon request. � �cith lhe ori�inal or dt:plicaie receipts lhem(or. 'Phi� ASortK,Rur agr��es tha�. there sholi 6e added tu � � � � �
<br /> - � . � � each: monthly pnyment required hereunder ur under the evidcuce n( debt secured l�Frnehv au :mmunl e;timaled hy ihe 1�Iortgager � � . � ��
<br /> .. . lo br. suHicicut tu eneLle ihe Mnrtgagee � in pa}•, � ���. thcy bccomr due, ell t��xes. �sse�vm¢nts. .and similar chargrs tt��n [he prem• � . � - �
<br /> � ises subjErt theretn; any eleficiencp hecau;� u( ihe insullicii�ncy �i�( such additionul payments shall I:e lorthwith dop��siteil by , thr � � � .
<br /> . . htortgagor u�ith lhe Morlgagee . upon � demand by the \tort�:ngee. Any de(auN. imder this paragrnph �.;hall bf� deemed a dr(ault in � � � .
<br /> � pnym�mt o( laxrs. vsse�smi�nts, or similur cl�argrs rrquired her��undee � .. �. . . . � .
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<br /> �� � � 7'Le blorlgagor agree; t6at ihcre sl�all al:r, hr aJded to r:mh monthi}• paymnn� nf prineipal end intere:l mquined here- . . � � -
<br /> ��� � under an amount eslimafod Ly Ihe \1nrtRage�• lu b�• suttirii�nt to i� nable thr lfort �:ng�•e to pay, a± it hrcnmes due. ihe insurance . .
<br /> premiwn on rtny insurance policy delit���red tn tlu� \{urlra�;ue. Any deficiency becausF• nf ihe in<u(iiciency nf such additional pay- . . � � �
<br /> � ments shell bi� furlhwith deposit�•d by thr :�torf;;agnr «�iif� Ihr Alortg.agee upon demand by tho A{nrt�a;:e•e. Any de•fault under Ihis � - . . -
<br /> 5.�� �. � paragrtiph shnll iK• deemed a de(aulf in tht� payrnrn � of in�urance prrmiums. I[ thr {wlicp nr pnlicies d�•po:i���d nrr such as homu- � . . .
<br /> � mvners nr all risk policics. :�nd thi� depnsits ;�rc in.;u0icient In p�y thi� rntirr premium. the Sfort;;agee mny appl}• lhr depu�it in . .
<br /> 4' pay premium5 un rieki required to br insur��d by fhi; mortga�;e. .
<br /> � � Pu}�mcnls made bp the \1uri;;agor under ihe ahoi�r• parngraph: may. at fhr optinn o( the Aiort;;ager, br h�•Id hy it and � . � � � .
<br /> . ' comminglyd H•ith othcr such tunds nr it� own lunds fur thr payment o[ such itr•mx. and until sn applirrl, �uch paymrnis nrr h��rPhv . . .
<br /> . pl�xlged n; Ei�rurity fnr th�• unpaid balat�ce o[ the murtgaqe indeb�rdness. � � � � � .
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<br /> 5'� . 7'o procure. deliver tn, :md maintain for thr b::ne�it of ihe �tort�agee during the lifr uf tt�is mortgu�;e nriginal po�icies and � � . � .
<br /> 3 � renewals thereot, dclieeriNl al Irast ten day; Ixlnre Ihe expiratiun o( ;my such palicie;, insuriny; againsL (ire nnd uther insuriible � �
<br /> Y�.- hazards, c;icunities. and contingencir.s as the: \inrtgagre may r��quire, in an amn«nt equal tn the indehtedness secured hy �his � � � . �
<br /> r � Mortgage, nnrl in cumpanies .uceptable to thv \Tortgagee, �+�ith In;s payable d:mse in f��'or u( and in torm nccrplable lo t}�E \inrt;:n- �
<br /> gcw. In fh� event any pnlicy is nol renew�-d on or before l�•n dnys of ils expira� iun, � hv A1urlRa�ce muy pnH�ure insurenr.r un thr . � . � � �
<br /> � . improvements. pny the premium thereiue xnd such sum shull Lec:imo immE�diatcly due nnd payuhle �vith int��rtrst at the ra�e srt � .
<br /> '� . forlh in� said note unti! paid and shall b� secnred 6y ihic mortf:%�F�� �'����ure on fhe part oI ihe 11ort�agur tn turnish such renewnls . � � .
<br /> �: � a; are herein myuired or f:�ilurc In pay any sums :idvanud !irreunder shall, at the nption uf Ihe \fortCa�r-e. cunstihite a default �
<br /> :� under :!ie tem�s o( this mortra�e 7'he d�•li��ery of such Iwlicie; ch�ill, in lhe event of dr(uult . cnnstitut� an assignmrnt of thr wr . .
<br /> .' � r•amcsl prcmium. �
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<br /> p;� � , Any sums rrcrived by the 1lnrtgager by rrasun uI lu;n ar damuge. insured a;;ainst m�i}• bc rrtained by lhr \l��rt�;ngec � � . �
<br /> ,;. . and upplii�cl to�vard the paymen� uf the deUt hcrcby sccured. oe at the tiP��on of tl�e Aiurixa�;cv�. such �ums either ,vholly or in . . _ . . - .
<br /> ��-, pnrt mny b� paid necr to the I�1urt�agor iu Ixr usivt lo repair :uch buildings nr to build nrw buildings in their place or (ur any
<br /> " uther pur{r�tir or obj[•c[ v�tis(acion' m the 11ort ;;�ager �vithuut :dirclinr; [he liPn un the mortgage (ur �hi• full amount socurcd here- . .
<br /> �� hy fxdare such payment rv�•r ta�k pinca �
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<br /> ; � "Po promplly repair. r��si�irr ur rrbuld nny Inildin�;s ar improc�•ments no��� nr hrmah�•r on tLe premisrs w�hich may be.
<br /> � comr damaged ur destroyiYi: to keep said prrmises in ;;cwd cunditiun aind rrpair and frr�• frum any mrchanic's lien ur uther lien or . . .
<br /> � claim uf lien not eapre;sly sulwrdinatrd to � hv Iii�n lu•reuf; nnt lu suIIer ur pennit auy unlnw�(ul use u( nr im�• nuisance lo exist nn .
<br /> ` : aaid propurty nor to permit }.ia,te on said premises, nur fn do any oiher art whi•n•hy ihe prnpr�rty herrhy conveyrd shall IH•come - �
<br /> '� Iess vnlun6le. nur tn diminisl� or impair it, ��alue by any acl or omissiun lu act : to cumpl} H-i� h all r�•quirrmenh u( law w�ith re•.pert �
<br /> � to the moriguged prvmi���c and the use th��reoL .
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<br /> '' � 'Phat shuuld the premises ur any part thereof be taken or damtu;ed by reasun o( nm• puLlic improcemrnt or rnndrmnntion
<br /> `� � �roeredin ur under the ri ht u[ eminent dumain. ��r in nny othet manner, thc \tnrt�a i � hnll tx• entitled to all n�mpensatians.
<br /> � f R• K ti " fi
<br /> "' � aµ�nrds. and any other paymcnt or relirf therefor. and shall be enti�led. al iis optiun. to rommem�c. :�pp�•ar in and prrritiute fn ils
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<br /> i- -. �wn n:une any uction or pnx�eedinK, �� ��� n�pke any cornpromise ur seltlement in cnnnec�inn vith such t.�kint; ur dnm�ige. All sudi
<br /> " comprn.sation. awards. d�ma�;es. right of actiun and prcxrcvle are hereby essigm�d to fhe �1nr�K�F�'�', w'hn may. aiter deductinG
<br /> � . t}��•refrum ull its ez{xnxs. rel�,isc anp moncy�; sn r<Y�eived bq it ur apply ihr same on any indrbtrdness ;ecured IuveLy. 7'hr \lort-
<br /> . gngnr agrees te� execuLe such furth�•r assiFnmrnta n( any compensation. a�.s�ards. dama;tes. :md ri�:hLs nf action nnd prnc���rls .r. the
<br /> ; � 6lortgngeee mny require.
<br /> : •I'hat in case o( failum to pedurm any nl the cuvrnants hrrein. tLe Dlurq;i��;ee rnny do un ihr \fortt;agor's b��hnl( rv��rythinp
<br /> �. :n cnvenunled: lhut the ;�lortga�ee mny also d�� uny fict it may decm necc•.v�ry tn prntect thr lirn thrmuL t6:rt the Nortgn�or u�ili
<br /> repay upon demand any . mune��s paid nr di�bured by thr� Morl�s;;ee fnr ;my of the above purp�res, and �uch mnue��s toreth�•r with
<br /> i-� . interest therron nt thr rate providrd in said nole shofl bocnme =u much addilionul indebl�slnrss herrLp ;t•cured and may be in-
<br /> � cludcKl in nny decme toreclosing this mort�age and be p�aid uut nf the rrnts ur pzuceed, o( aale of said pn•misrs if nol nthrr.visr
<br /> � � paid: tJt�i i� shall not bc uldi�:ntory upon the D1ort�a�;iv� tu inquirc intn ihr calidit>• nf anc Iirn, rnruml�,r:mn•;. ur rL•�im in ud-
<br /> � � vancing rnnneys ns atxrve authorizrd. Lut nothing Lrrein contained shall Iwe con�trued :u requirin�; thr �lortpakee tn ndvancu mry
<br /> � moneys for nny such purpuse nor to do iany act hrrevnder, :�nd ihat Vnrlgn�:��e shall not inrur an>� pennnal liability becausr• nf any-
<br /> � - �, thin� it may do or nmil fu du hcri�undcr.
<br /> �. In thv event ot thr default by Afurfgagor in fhe payment ot ;viy installmrnt. :i+ rrquired by th� Nute s�•currci hrrcbY. ��r
<br /> �. in thr per(ormnnce o( the uhligalion in this mortg:igc ur in tLe nate �•cured thcrehy, the �turiga�;��e xhall Lr rntiU��d tu dirlare the
<br /> � debt secunvl hurehy Juc and payeble wifhout noticc, and th� �turt�a�:ee shull be entilled at its nplion, without nntice, cithrr hy iLself ,_ �
<br /> . nr by n tttieivrr to L�• rippoiNc�l by the cuurf fhemo(. .md without regard lo iho adaquacy uf nny sirurih� (ur th�� indeLte�lne;� se- •'"': ; • . .
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<br /> cured horcby, to enter upnn :u�d Lakr possessinn of the mort�aged premi:�cv. nnd lu cnlli•ct and n�ccive the rents, issues end profits � . N � :;
<br /> F' � themof, nnd npply the 4:{me, Icss cov}r u( otmration end �•ullecliun, upnn the indeL4viness vcured by lhis murtgt�gr; said rents, . y', �?
<br /> issuea an<L profiLa bein� hercL,v assigned to the Mort�:aK�'� a; furlhrr ci•curily� tor thr pnymrnt uf nll indrbirdness siti•urcd hereby. ' � �
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<br /> � � 'I'he Mortgaqer shnll hove lhe pcneer to. appoint uny ngent ur atients it mt�y de=ire (ur the purpn.r uf rrpairine viid prem- ry ' ,
<br />� ��� � isers- renUng the satne; cullirtinl; the rrnts, rev�nues �nd income, und it muc pay out of s,�id Inc��me ;dl rap��ncu•s incnrriYl in rr•nt- tU � �.`
<br />'v'• �� � - ing and managing . lhe samc rmd at a9lecting lhe mrrtuls lheref rom. 'Che hnlance n•maininc;, i! any. �h,dl 6�• npplird tm�:ird thr � � �
<br />� � diachnrKe aI tlie mocig3Ke indrhlednrss. 'f'his ns�i�nmrnt i�: to u�rmin»�r and IK•cnmr null :fnJ v��id up<�n n�l�ma• ��; thi. mnrfca�e. '
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