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<br />� � � �6. 006315 �
<br /> t MORTGAGOR5 MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLfdENT DUE DATE. 9UCH PREPAYMENT SHALL UE �
<br /> � APPLIED TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE PROVIDED THE UN�ERSIGNED ARH NOT IN DEFAULT '. �
<br /> � � AND ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITNER OF THEM, . � �
<br /> � PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 300% OF SIJCH f'RINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO• � � . � .
<br /> HIBITED BY THE REGUUITIONS OF CHARTERING AND SUPERVISORY AUTHORITIES TH@N IN EFFEC7. ALL SUCH ADVANCEMENTS � �
<br /> SHALG B[ SECUREO BY THIS MpR7GAGE IN THE SAME MANNER ANO EFFECT AS IF NO PREPAYMEN7S HAD tiEEN MADE.
<br /> ` THE T10R'fGAGOR FURTFI�R COVENANTS AND AGRF,GS :
<br /> � � � , . ,� 1'h�Cthe Morfgugnr �vilt pny the indebtedness as }�errinbe(orF• . provided. � . . . � .. � . � � � " .
<br /> � . �. � 'Phirt ihe Mortgugur is � �he owner ut st�id property in fec simplr and has gn�ul rikht and la�r(ul authoritp to sell nnd . . :. � . � .
<br /> � convey the >time und thf+t the se�me is fine �nd clenr uf �my lien or encumbrancr: anJ thnl I�lnrtga„^ur ticill �carrnnt and defrnd the . . � � � . . � � .
<br /> � title � tu nnid prrmises �. aguiact ihe ciaims of all persons whnmsoec��r. . . . � � � � . - .
<br />' � � . . . To pay immrdiately whrn due nnd� payable �all Reneral taxes, speciul iar.es. sperinl ;ic<f�ssmentx, walcr c}uuges, sewi�r srrv- � : . . . . �.
<br /> . . � ir.e r.hetrges; � and other l.ises and churges against st�id proprrly, and all tuxes levird on �he debt . secured herebg. and tu furnish the . � . . . .
<br /> � . Tlodgagee, upon reryurst. wilh the orif:ined . or du��liruti� receipls therr(or. '1'hn :19ortgngor a„rcea that (here shnll � 6e added to � �� . � . � " �
<br /> - � � rach monihl�� payment required hereunder nr under the ovidi�ner o[ deht secured Lerel�y :m :�mount eslimatrd by tbe 14nrt�agee . . � � .
<br /> :.� ' �tn be su�cier.t � to e,n;able lhe A1ortgagee to pay. � a.; t.huy becmne due. ull ta�es. assessme•nts, und sirnilar ctiarges upon the prem� - � .
<br /> . iM=s suhjr,�ct �hetef�r :u�y deficienr.v Ix�cause of � thc insufiiciency o[ such aid�iitional papments sh:dl be furiMvith dep�uited by thr � . . . . .
<br /> � Mortyngr�r with lhe Morlq:igee. upmi dcmmid bj� Uie \lortgagcr. An�• �dafaull under (hi, p.aragraph shall he drrmed n defnult in - � � � � �
<br /> payment of tux<: astics:mrnt.. �nr similar e6ar�;��s required Lrrcunder. � � � � , . �
<br /> ,� � � 7'he I�lorlg�ignr :i�recti lh;lt. thc�re sludl al:o bi� add�=d tn ��;�ch monihly' P:+7'mont n( princiP:�l and inli�rrst requin•d here- � � �
<br /> under an amounl rstimnted b}� lhn Alortgagee lu l�e sufiicient lo rnablr ihe Dtoctgager to pev. ��< it bi�eomes due, lhe insurmica � � . � . .
<br /> prrmium on nny insur:�nco pulic�� drlieered to tLe �furlgu�.�e. Any �leficii�ncy Iwcause n( Ihc insutiicienc�' of .,uch additio�ml pay- . � � � . . �
<br /> ments shall be tnrth�cith depasiled h>• ih� A1nrtRn�;ur with th�� Ttortgag��c upnn demaud bg the Afori�:i+ce��. Any defnult under this � �. . .
<br /> pan�graph ehall be deemed � de(ault in ihi� pnyment of insuranci• premiim�.c. If thc ��nlic:• or puliries �lepucitrd ;�re sueh as humr� ; � �
<br /> . uwners nr tdl rf5k polirics. and the depnsits are insullicirnt tn pay (ho entir�� premium. ihc illnrtgagre m�ic apply fhe drposit ln ' � . . � .
<br /> � ' . pny premiums on risks rrquirod tu be inaured by thin mortga�i•: . � - . . �
<br /> - Pacmonts made by tha \lorlga4nr und��r fhe ubuve p�ra�; raphx ma}'. nt thc• oplinn ut the illortpagce. he hrld by i[ and �� . � � .
<br /> � commin�;Ied �cith other such fund. nr its own (�mds for ihe perymant o( such ii�•rns, :uid uulil so applied. such paymenL; r�rc h��reby . . � � .
<br /> +' � pievlged ns security fnr ihe imp;iid bal;�nce o[ the m��rt�nge indebtedn�ws. . � � . � �
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<br /> 'I�o procure, delivr•r to. and mainlain for thr brnrlit o! iho Atortga�;rr dnrin�; the li(�� o[ ihi; mnnga�e ongini�l pulicies .md . �. ' -
<br /> - rrnewuls thercof, delivere•d at lrast ten days trefnre the expirntinn of am• such policirs, insuring e�ain�t firc nnd nther insurahle . �
<br /> ,� hazzrds, ca>ualties. tmd cunlingencirs ns thi• \tarttiagee may rrquirr, in �n amouni eyual tu ihe indehtedne�s serured hy this � �
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<br /> �turlgage. and in companies accepi�i6le m this Mnrt�a�cr. µ�7th lass pFiy�hlr_ clauce in tacor nf nnd in lonn acmptablrz �u ihe Atortqu- � .
<br /> q�; goe. In th� evont :my policy is no[ r<•nuw�sl on or b��fore frn dnys u! ils crpiraiinn. lhe 11orl�ager maV procurc insurunre on the � . . � .
<br /> �. . improvcmetuc, p:iy thi• pmmium thi•refur. ;imt such swn sh�dt bec:�mr immediately due unri pay.eble �eith in(erest al lhe rnle sei . . . .
<br /> - . (orth in said nolc until P:aid and stmll be srcured by thi, mort�;a�;c. S�ailure nn tiu� p,vt nf thr T1m�gagnr tn turnish xuch rrncwnl� ; . � �
<br /> � as arc herein rcquired nr tailurr Io pay any sums iidti��ma�d hert�under ;hall. aL th�� upliun of the 1lurtp�ige��. conitilute a default � - . �
<br /> under the terms o( this mort�;:�Re 7'he d��livon• u( such pnlicirs .hnll, in fhe ocunt of drfault . consliiuto an �uvi�;nmenl o[ the �m- . . . � . .
<br /> `,.� . enrniKl premium. . � . . .
<br /> :1ny sums rrcE�ivcd by Ihe \1ort�a�e�� by rr:i�on u( Inss nr damn�;e insurrd aFniust may hc retainrd In• fhr \lurt�a;;ci: � � . .
<br /> . . , and apPlied townrd fhe payment uf Ihe d�•bi hrrrhy srcurud. or, at lhe uption of th�� \tartg»gee, sucii swns either �ehu11Y or in _ � � . . . . .
<br /> �;�.. p:�rt mnv be paid nvrr tc� tl�r T(orlgagor lo Ix• u.rd tn rrpnir such buildint;s or tn build new buildin;;s iu thrir placi• or for any
<br /> � u[h�t7 P�irposr ur nbject. v�lirfnc�ory to � h� :Wur� qa�cr H�ilhuut nflcctini; thr lirn on lhr �nurt�a„c for di�� full .�mnunt srrurrd hrrr- .
<br /> ¢ . by h��G�re surh pnyment �•ver lrNik place. �
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<br /> 'I�u �irump� h' rr�pnit. rc��ora or rebuild am buiLiinK; nr impro��rmems noa� ur ho.ri•a(Irr nn � h�� ��remises �vhich may Iwa- � �
<br /> � cnme. dama�ed or de,trovrd , ti� keep aaid premi,r� in �;a �d cundition und repair :md Fm�• from sny mech:amc'v lien ur uther lii�n or � . � .
<br /> . claim o[ lirn not rzprt,�1)' ruburdinat�°d �u � hc licn hrrruf: nut tu cuiTrr or pvnnrt any tud��w{ul u..e nf or any nur,.nncc lo i•xist on � . �
<br /> k ;aid pmpe•rty nor tu prrmit ��:�ste on said pn•mitie;. nur tr.� do ;iny u�hrr act �ch��reLy tLt• prnpi-rh' lu•rehy ranve>��vl shall becnme . . . . .
<br /> , Ic.,s valuiihle, nor lo dfminish ur impair it:: v;dur hp ;uic �rt nr nmi=aon tn nrt : tu rrmpl •; ���iih ull r��quin•m��nta o( lu�r .vith rotipcc[ � � . .
<br /> !o thc morfqa�rd prrmis�•., anJ thr u>e thrrcrof. � . .
<br /> _ Thnt tihuulJ lhr prcmis�-. or ;inc p,iri thrrrof Ix• lakcn ur damnticd h}- n•n?on oi �m�• puhlic imprnw•m�mt or amdemnation
<br /> � prxceciing, or under lhr right uf rminent dnrnain. ur in :iny otl�er mannur, lhi� \turlt;a�;ce �hall bc rntiU�•d to ;dl rumpenxntimis. . �
<br /> :nvurds. nnd anV other payment ar n-lie[ fh��re[ur. and sh:dl Le entitlyd. a[ iL; upt.iun, tu cummom�c. app��nr in nnd pnn�rute in iLv
<br /> k;: � awn nnnte� any action or prucueding. or lo makc am� cnmprrnnise or srttleiu�•nt in conn�•r.tiun x�ith su<•h tatin� or dama�e. all such
<br /> .. onmpensdion. nwnrde. dam:��;as. riFht nf action nnd proceed; :u�• hurrbg a.=i�nrd tu thE� 1forlguFee. •h}�u m;ip. aftrr dcdurtin^n .
<br /> � : . lh[�relrunt �ll it:. cspensi•s. r�•I��ase nny money. tiu n•ceiced bc ii ur upplr the wnnr un em mdi L�edni•�s �ecured Len�Lv Thr \lnrt-
<br /> t:tit;w .+gn•eti to excculr ,uch (urlhrr ncsi�;nmc•ntv o( ;�ny c�. mpeti�atiun. a�r ��rJ�. d.�mdF� ., nnd n;:ht., ��f .�ctiun and prnr�•rJs :is th<�
<br /> ,. lfnrfgngre may re��uire
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<br /> , 7'hnt in cn=e uf tailuro tu per(nrm an�' of tiie c��crn;�nts hrrrin. t6�• Ni,rtt;�i;:�'�• »»Y �tu on tiio \iurt;:a�:ur's brhalf i•��ery[hinF
<br /> �� : so mven�nterl: that thi� Alurtting�•e may ulvo du aup iict it muy d�•��m n��c��sviry tn pmtoct thr lier � hen•oL tbrat tnr �inrig��tiar will
<br /> � repuy upon d�snand auy mune}'s paid ur disbuned by th�. 11urt�;;i�re (or :m�� ul thr� ahuce purpwt•s. and sueh n�nui•ys tot;ether �rith .
<br /> . intcrest thereun al the rnlr prnvided in said nute shall boc�rtne =o mnch nddiuonal indcb�rdnrss hr�rrbc srcured and muv br in-
<br /> cluded in �my decree lurcclu;ing lhis morltiage and be pnid uul u[ lha� mnts or procerds u( n;ilr o( .aid premises iF nol ulhr�u�ise .
<br /> . p�iid: that it shall �nnt he nLlit;atory upnn Uir \�fortga„ec tn inquirr mtu thr ��nlidity uf r�ny licn. �•ncumhrancrs. ��r claim in ad�
<br /> vancin�; munrys ns »bovr nulhuri2rd, but nothint; hrrrin cnntnme�i sh,dl In• cun�trneJ as riy�uirinc thr J1un �;n�:ee �n udvanoc an�.
<br /> . moneys for nny sucL purpose nur to do any acl hemund�•r. �nd Ihnt �lort�;:�grt, sh.dl nn! inrur am� p��rs, �unl liability b�•cvausr• o( any'
<br /> . lhinc it may dn ur umil tu do hrreund��r.
<br /> . � in the evrnt n( lhe dcfnu(t 6y hfurtgagor in the puymi•ut uf any installm�•nL :m n•:�nired by th�• Nut�• arrur��d h�•reb��. or
<br /> � in the per(ormunc�� of the u}rli�ation in lhin mortgage ur in 1he nute sccunal thcrrhy, li�c Uortcagre sholl br �mlitl��d tu d.Y9arc thr .
<br /> _ drbt secured hereby due :m�l pr�yahle with�mt notice, and I}i - \torh�n�:ee Slr�ll bo enfitled :�t �ts u��tion, wit}�out notic�•. i�uher by itself
<br /> - or hy a rci��iver to 6e app��inted 6y the c�iurt thonK>L anu xiNwut re�;ard tn Lhe adiK�uncy � ( .any �c•curit>• (ur thr• ind��bfrdnesr �e- ...'T f :. ... �' � � .
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<br /> � cured hereb}•. lo entrr upon and taki� po�tievsinn of Uie murlga�;ed prmniu�s. :ind tu cull�w•t :uiJ recci�•r thr rents. iscuEs and profita - � ty , i �.,
<br /> thereo(, +uid apply tbe smie. Iess cnsts u( uprr,riinn and cullecfion. upnn ihi� indrbtedness �rcur��d by iLis mort�;age: s�id rrnls. . •
<br /> � ixwes nnd prnfitx heing hereby a�si�;ned to lhe �for��;ar,ee as lurther �ecuriiy fur the payment nf ali „��i�•i,«•�i�,�•�: _,�•„�,>,i f,«�•t>v . � �
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<br />" 'Che Mortgagce shnll � hnvc the po���er to appoint uny agenf nr tagrntc it may dcsire (or the purporr u1 n•p:�iring knid prem- � .
<br /> . ises: rc�dirtg .the same: rnllectini; lhe rnnt�s. n•venues and income. nnd il may p;iy out u( s:�id incumr all �o:p,�ns�..: incurrwl in rrnt- . fp � : . .
<br /> : ing nnd mautuing the tame nnd uf collrcting the rent:tls thendmm. '1'he bnlunee rrrnninin;:. ii an�:. shnll hi.. :�p��lird f��x�nrJ thr � . .
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<br />� � disrbiirg� of Ihr. murlga�c indebtrdnr.c. This azcignment is tn irrminal�• and Iw��•�nni• null nnrl c��id np„n n•Irn<�� � d thi, mortr;n�:c. -. . .
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