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<br /> MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMEPIT OUE DATE. SUCH PREPAYMENT SHALL BE
<br /> APPLIED TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDED 7HE UNDERSIGNED ARE NOT IN DEFAULT
<br />�, � AND ARE THEN THE OWNERS OF THE MORTGAGEp PROPERTY, UPON REQUEST OF TNE UNDERSIGNED, OR EITHER OF THEM, �
<br /> PAYEE AGREESTO FURNISH TOTHE UNDERSIGNED 100% OF SUCN PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO•
<br /> HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES TNEN IN EFFECT. ALL SUCH ADVANCEMENTS � � .
<br /> � SHALL DE SECURED BY THIS MORTGAGE� IN THE� SAME MANNER AND EPFECT AS IF NO PREPAYMENTS HAD BEEN MADE � .
<br /> THE 1190RTGAGOR rURTfiER COVI'sNANTS AND ACRECS :
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<br /> . � 'f'hnL ltin hf��rt�agur will pny the inricbte�inecs ��s hereinhe(nre pruvided. � � . . � .
<br /> � 't'hnt lhe Mor(gngor is ihe ownrr nf said property in Tl'P 61111�>I(' iti11l IAIR �nod rii:id ��nd lawful ;w� hority lu srll and � �. . . � .
<br /> ixinvev lhe stmie �md � thul t.he yume is (ree nnd cle+�r of any linn or encumbrnuc.o: aud ihnt \Inrt�;agor will warrant r�nd def��ud the � � � .
<br /> liqe lo se�id premises uguinst � ihe claims of eill persons whumsueve•e . . � . . , . .
<br /> - - � . 'lb pny immadiutely �chrn due zir�d pnyable ull gener�l taxcv, speci�l U�xes. ,peci:d a+�����mrnts. waler ch:�rges, sewi�� scn•� .
<br /> . im charges. and olher toics aud cliarges uguinsl said pmpertp. and nll tuxes Icviod un t.he d�•Lf s�•cured henbp. nnd . to turnish ihe � . � � �
<br /> . . hlortgugee. u�ion requr.sl, wiih lLe ivigin:d nr duplicale receipts iherefue 7'he A1oriKn�;or agrecs lhnt there . shnll be added tn �. �.
<br /> � eaclt motdhly pnymr.nt mquirnd hrrum�der or undcr ilu� e�•idence ot dchl socured hereby an amounl rstimated by the hlurlgagee . .
<br /> � � Yo t�e sufficienl tu - enuble lhe \tortga�;ee tu pay. :i+ thery become due. :ill la�:e5 a;sessmentx. nnd similur charges upnn lh�� prem- . � � �
<br /> ises tiubjecL thereto: any drlicicucy. b��c:wse of the insuflicicncp of such xddifional p:q�mentx shnll be turllnvith depnsited l�y . Ihe . .
<br /> . � htortgagor wi[h lhe Murfgugec upon detnand by thc \lortgu�ec. Any def�ult. undcr this p�vn�;raph shall bu dr�•rned n d��(��ult in �
<br /> � . puyme.ut of Inxes, as;es;mi�nfs. ��r siniilar chnr�:rs required hereundrr. � . . . .
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<br /> q :. . � '1'he �fort{;ugur n�;re�s lh:lt �ht�rr sht111 als�� be �idded fn rach mun� hly pnyment uf principul .�nd inlrn•n� rrquired here- � . . -
<br /> . . under an nmount estimel��d bv the btortgu�ee lu Li• euflicieni tn enabin t6c hfod�;a�;ee tu pay, �is it Lecumr., duo. lhe insarnnre .
<br /> . premiwn nn :II1V If1Sqf:1(Ifl• �If1I1L'V d��lin>red iu the Jtnr�gn�er. Any d��ficiauy becm�se nf ihr insidticicncy o( such addifiunal puy' .. . .
<br /> menls shall be forthwith depnsited by fhe bturlgatior wilh thr ��Iurt�c�Rar upon dmnny�d La the ,Ainrtg��;�e. 1ny de(auft under this .
<br /> X.� �. para�graph shall {x� deemied a detmdt in ihe paVmrnl of insurance premium::. If the policy nr pulicics depn;i��vl :ve such ;i. home- �
<br /> `� � � owners or :dl � risk policics, xnd the depu:ils are insu(fici�nt lu p:�y Ih�� entirn pmminm. Ihe I11ur�gagce m:n• apply lhe deposil tn � �
<br /> �� pay Vremiums on risks' requirrd tn be insurrd by this mon�;n�;c: . .
<br /> . .. Pnymenls iwdcr by th�+ 1lortgagnr under the above pareigr:�phs muy. al the opiinn of the A{ortg�igee, 6r hrld Ly il .�nd � �
<br /> . commingl��d �eilh o�hrr such tunds or its own (unda (or i6r p.rymcnt r�f such itrms, :md until sn ,ipplird. such paymimis �irr h��rrby � � . . . :
<br /> � pl��Igc�I ns security Inr lhe uupaid Lalance u[ the murt�;age indeble<Inrtia � � .
<br /> t. 'Pu procure, deliver tu, and mainiain for the benrtit. uf ihe �inrlgu�;ee durin�; thr life of ihis morl�age ori�inul pulicie; .�nd � .
<br /> � renewals thenK�(, delivered ut.� li•nst ten duys bcfore lhe �'sPirxtion u[ �my such pnlicies. insuring a�uinst. fire and niher insunible � �
<br /> � haiards, casuallies. and enntingencies as the �1ortgagee may require. in an amouni rquid !o Ihe indebtrdnese secured by this
<br /> �tortgnge, nnd in companies acrepU�ble fo the �torigal:�'�'� ��'ith luss prrvable cluuse+ in favnr o( and i�i furni accepinble to Ihe� hiort�;a• � � .
<br /> $i� � . gee. In the event �3ny policy is nnt renewrd un ur hNfure ten days u( ils rxpirutian, thr Marit;ngee mny procure insur.mce on fhe
<br /> � imPruvemenLc, pay lhe premium there(nr. und such sum shall bi•cume invnedialely due and pay.�ble �sith inferes6 i�� the r<dr :et . .
<br /> �;�� .. forth in said notc unlil yaid nnd. shall be srcured by this morlgage. . Pi�ilure on lhe pnrt o[ ih�• Ator(Rugorto furninh <uch rrnew�ds . . . �. � . .
<br /> ns t�re herrin reY�uired ur [nilure In p:�y any sums adv:mced hereunder sliull, al. ihe oplion af Ihu �1ort4ugev, cunslitute .� drfault .
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<br /> under the temis of this morlga�e. 7'he deliverq nf nuc}� puliries shall. in lhe eernL u[ di•[��ult , cunstiWte nn :i<signment of the un- � � . �
<br /> `r. _ rarn�vl prrmium. . � . .
<br /> $ - Any sums receired by lhe i�lortR�B�•� by n•n;un of loss ur d�nnn�;e insurrd againsl mny be rel�ainrd by iho \lo� lgagi�e -
<br /> ' xnd nppliwl toH•urd the paymenl u( the debf hi�reby .4rcured. or. at th� option a[ Ihe Alnrtgriger. such .ums cithrr wholly or in . . .
<br /> �. � piirl may be paid nver to the �9art�;ngor tn �H� used lu repnir such .buildings ur �u �iuild uew buildinR+ in thcir plai�c nr fnr any
<br /> � other purpose ur object h:iliefaclon• to Uie �1ort;;a�;re a•ithuut alTrctin�; lhP li�rn on ihr moris���u�� for Ihe full amount si�cured hi•re-
<br /> i:�� - by btlore vuch �mymcn[ rvi�r t�mk pincc. . .
<br /> ^,� � 'Po prumplly- ri�puir, resinru ur mLuild nny buildint;s or ilil�)fU\'CIIlPf1IA nme ur hrnaiRor un Iho prrmises �r6ich muy hr- . � .
<br /> �� come damaged or deslruyrd : tu keaP ��aid premisrs iu t:�xrd cnndiliun .�nd r��pi�ir tind frrr fram any mechwiic's lien ur uthc•r lien or
<br /> � cluim uf lien not exPres.ly suburdinafed ln lhc lien hervu[: nuf tn sulTr� or P�'rmit :inp unluw(ul usr of o� any nuisanci� to i�zisl on
<br /> ' said properly nor lu permit wa�:ie un soiil premi�e,, nur iu du :�nV uil�er acl whoreL}' Ihr pruprrty h��rrby cunveyrd shall Iu•come .
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<br /> ' Ic+s vnluablc. ni�r lu diminish ur impair ils ��:dui� 6y any ;+cf or ntnissinn In ncU lu rumply ���ith all rrquirrmrnts of Lnv w'ith rrsprct
<br /> � tn thc mnrtg:��cd premis�a; .�ud tl�c u.o fhcrro(.
<br /> : 'I'hnl sho�ld lhe premises nr any p.irl lhemuf be taken or d.una�;ed hy rensun o[ m�y public imprnvemenl or cnndemnntion
<br /> �4 �. proceeding. ur ander lhe ri�hl ot eminr.nt dumain, or in :�ny uther manner. lh�• �tort�;agec shrdl br cntiHed tu all contpenstdions,
<br /> t�. � nwnrds. and .�ny oth��r P��y�nenl or ri�lief lhere(or. und shall be enl.itied, nt its uplion. to cammence. �y�pcar in ��nd pn»cr:ule in ils
<br /> i{. � own n:une nny nctia� or pnx•eeding, ur to make :my cumprumise ur ���ttlement in connrction �vith such inkin�; or damnge. :111 such
<br /> comVen:wlion. �wt�rds. dtm�ag�w. riglit of aclion nnd pnxeevis arn liereby assi�ned lu Ihi• �lorl�agee. �rh�� muy. :Jter deductin�
<br /> � lherefrom nil its esP�'nses. releuse any muncys so rri•�•ivrd by it ur :q�ply the tinme un :my indi�6ledne�s secured hrrehy. "Pho \inrL
<br /> . gngor ugmis to execute +uch further nsvignmenfs o( nny cnmpimvdlon. a�enrdv, d.imaj:r,. ;md ri;;Ids n( ncliun and prurreds ��, thc
<br /> � !�iorfgngee may rv�yuire.
<br /> 7'h:d in ca.ce o[ failure tn perform nny uf thi• cuvenanfs hrrein. the �turlgaRee maY du un thr 11ort�a�;ur's behrdf ��w•n•Ihing
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<br /> K � SO (YIVCOAf1ICLI. CI17L �FIL' MUfIf�i1FCC I11UV BISU (�O Hllf ilC� 1� Rlii)' (�l'Pfll pPCP�.ii1�1' �11 �)(O�CL'� ��1P �II•Il ( hereoC fhal thr �lurtgty;or �eill
<br /> ',:: . repuy upon demi+nd anY moncys p�iid or disbursed Ly th�• \iort�;a;:��c tor nny ot the sbuve purp�rv��s. nnd vurh rnum�ys Ingidher a•i�h
<br /> � interesl thermn id lhe rate pruviJi•d in x;�id nole tihnll becume su much addition�d indrbl�vinoss hrrehy �ecUred :md mny ix• in-
<br /> _ cluded in uny decrec toredusing this mortga�e and be puid uul o ( lhi� rents or pruceeds of �ale nf s:iid premi.rs i( nut utherwisr
<br /> A � puid: thul it shtdl nut br obligalory upon lhe rlorl�:agec to inyuire inlu the validity o( :my lien. rncurnbruncrs. nr rinim iu ad-
<br /> �,� � vnncin{� muneyx ns abnve uuthuri•r.ed. but nulhinR herein cunlnim•d .hxll {x� cunstrui�d as roquirin� thr \tort ��i�;rr tn ailn�ncr nny
<br /> �� moueys (nr uny Guch purpose nor tu du nny act hercunder, tmd lhat Morlgn�;ee sh:Jl nnt incur ;�ny� prrvnnul liobility h�•cnusr nf nny.
<br /> , thin�; it may do or amit lo do lu•reundcr.
<br /> ;• . In the ovent u( thr Jr(ault by �tor�gui;or in Ihc payment. uf any installmenL :�s n•quired Ly thr Nu�i• serurrd hrrrby. or
<br /> � in ihe performance of ihe obligalion in this morlga�;e ur in the nufe �ecun•d thi�reby, fhe• �iurtgagcr shall bu rnliUrd lu d�v;lure thr ,
<br /> ' debt r,ecurcd hereby due nnd yuyiiMe H�ithuut nnliir, nnd lt�c \t�,rlgu�;rn hhnll b�• �mliU�•d t�l il:+ op� inn. xilhnul nulir<•. either by it�eli � . .
<br /> � or by u recy;iver lo I)P N�)�)OIIIIC(I Fl}� LI1L• court thrn�d. :md withuut regurd tu Ihe ad�aauacy u( :my hecurily (or � hr indeblydne�r s4•- . '
<br /> c�recl hereby. tn � enter upon xnd tnke pussc�asion uf the murtgn;;cd Prvmisr�. and lu cullril nnd recrivi� thc renh iy. urs nnd prufits � N
<br /> � thercof. and �pply the wimr.. less custa o( oprralion t�nd cullection. upon lh�• indebtednr.a v�curcd 6y ihis mor�tinge: snid rrnlx, � � .
<br /> L isvues unrl profiLvlx�inti herrhy asaigned to Ihr Tiortgntire nv furiher srcurdy fnr the paymenl u( nll ind��btrdn��sn �rcuriKl herrby ' �
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<br /> � '1'hi• btorlgngee tihall have lho puwer to nppnint any agenl ur r�gents il may d��sire (ur Ihi• purp�nr nf n�pairin� viiJ prem- ri � � . .
<br />� ,,,� � � � isea: renting !he sum�•: rnllecling Ihc rrnls. revenurs �md incume. and it mny pay uut a( snid incom�• :�II exP�'»��'y incurrtYl iu rrnL U1 � `
<br />� �. � ing and m�natiing the �ame rmd of cullecting thr mut��ls lhen•(rom. 'I'hr haluncr mmainin�;, i( nnp. .�6n1I I,�• applird luwvrd t6r . �
<br />`�;$-' � divchnr�e o( the mur(gage indrbl�•dnrss. Thi� nssiKnmimt i4 tu irrminntr nnd Ix•c��mr null :�nd void upnn ml�•n...• nf � hi. inurl�;a�;c. ` � . .
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