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<br /> MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTAILtdEN7 DUE DA7E. SUCH PREP.6YMENT SHALL BE
<br /> APPLIED TO INSTALLMEN75 LAST TO DECOME OUE UNDER THlS MORTGAGE. PROVIDEO THE UNDERSIGNED ARE NOT iN DEFAULT � � .
<br /> � AND ARE THEN THE OWNEftS OF THE MORTGAGED PROPERTY, UPON REQUEST OF 7HE UNDERSIGtVED, OR EITHER OF THEId, � � . � �
<br /> � � PAYEE AGREES TO fURNISH TO THE UNDERSIGNEp 100% OF SUCN F'RINCIPAL� PREPAYMENTS, UNLESS AUVANCEMENT IS PRO� , . .
<br /> HIBI7ED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES TNEN IN EFFECT. ALL SUCH ADVANCEMEN7S . . . .
<br /> SHALL BE SECURED BY THIS MORTGAGE �N THE SAME MANNER AND EFFEC7 AS IF NO PREPAYMEhTS H0.D BEEN IdADE. . . � .
<br /> • ( TFiE MORTGAGOR FURT3IER CO\'ENA\TS AND AGRF,I:S:
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<br /> . . 'Phat �he h9urlgagor will � ��ay the � indabtedness ns� hrreiniu�fom provided. � . . . �. �
<br /> � 'I'hai t{ic Tlortgugur is thc c��+'ncr oC s;�id propert}• in Ice simplc .�nd hns crnxl rifiht :md Iiiw[ul nut)�orit•: t�i �ell �and �. � � � �
<br /> 1 . � en�fvet• thc same tmd ihat ihe �nmr is Gee :md c1�•nr ui �any licu or eneumLrancr: and that bturigagor «�i11 wnrram rmd drf�•»d � ihe . . . �
<br /> � � tiile to said pmmises ueuiiut ih� rluims� nf nl! Pcrson+ wh�nn��evrn � , � . � . .
<br /> . � . . . To� pny invncdiutely �chen duc and pnyutd�. ull ;;eneral (azes, sp��cial taxc�, sperinl a> e•:=me�ds t+�atvr ch¢rg��,. se�,� er ser�•- � . � .
<br /> ice t�harg�s. � �nd ott�er tasc� and charges agains[ ;aid F�rop�rty, and all tt�xot Ievird on the drbt ,erured hereby, and tu (urnlsh the . � �
<br /> . A4urtgngrr, u�u� rcyues[. 'a�iih the uriginai or duPlicate. r:•ieipL, d:er�•(or. '1'hr \fort�u;;or ��rce� that fhrrr it:all he udded ��� � � . .
<br /> . each� mm�thlq P;�Yment ri�yuimd Ler�-under ur tmder dic evi�ie-ne�� n( drbt secured herehy vui aniount r<iimatrd ln• the A1ori�a�;ee . � �.
<br /> � - �to be sutiicienc in rn:�b!e the �loriga�e-� � in p:iy. as ihey b��corne due. ¢ill tnses, a;.u•s�mrnts. and similsr ahar�;<�s upon ihe .pcem- , . . .
<br /> ises� subject ttmret<r, miy' � deficietu•y becaucc ot fhe. iu,u4iriencc nf such nddiliaiial p:a}�ments sliall IK� furthv;ith depinited by th�• . .
<br /> � � 9inrtga�nr i��ith the 11or(�agec upun siemand by the A1nrt �ngee. :1ny dcfriull und��r thi= �!ara�raph :imll br dcrmed a dri�ult in . � �
<br /> � pa}'ment oi laxe:i x„e�s•monts. nr cimilar t'har�r.; nv7u�rc�i hrr<•under. � . � . . .
<br /> . � 'fhe Aiort�a�;or a� rees that there shnll :ilsu L�� :+dded 1n e:ich muntiily paymrnc nf princip;il anci intcrest reyuire�i here- � . . . . . .
<br /> undur :m amount r_stim:uv�i by tiie ilinrt�ncee to hv ,uflicirni to rccib!� tlie "d��rtk �Kt•�' ��� P��S'. :�; it hrcomes dur. thr fns�urunce . . . .
<br /> prc•miurti un any insura�ice, p�.�licr dolivered to tlie 9lortga:i�r. .4n�� d�•fic�enc•: imc:iuse of �ire ir..uliiriency of such addi 'tional ��ap- � . � � � -
<br /> tnenls shall hu forthwilh riepnsltr�d L�� thr� �lun::i:;or �ri �}: l} cAfort}a�ec upon drm:n:d bc thz� '�Ti,rl�a�tr. An�' dei:�ult undrr this . .. - .
<br /> parnt.rapii shall be dc-emc�d a dofHult i�� thr 1!:+}'ment oi in=urance pramiwu;. lt Ih � p,1ic:� �.�r y,ulines drposiird arr such ¢s home� � �
<br /> o�a�ne•n or ali risk puGcie�, and � h.� iiepocits nrc insutiirien� tn p:ey � hc rmice prernium. thn \luriga�ce ma�� :+pply th�, di•posic to : � . .
<br /> - pay premiwns on risks rrquire�i t�i trt, in;un-rl 6y Ihi; nsoriraGt�. � .
<br /> Yacmrnt>; m.�dr hr the tilnrt�a�;or under the aboc�� ��aragrnpiu mv��. at Ihc npciun af tiu• ti1nrtR�K���•. br heki iry it ar:d � � . �
<br /> , .. . cnrnmin�led �.'ith oth�•r �uch }unds or it� nwn fiinds for ih�• p:n�n�en� n[ �uch iiem:;. and uu�il c�� ,ipplii�d. �uch pspmrnt< arc hercbp : � .
<br /> � � : . plw9gcni as s�=curitp hir ihe unpni!S bnlaurn ai tiic mor[ca;;c indeb�ednr+,. � � . �
<br /> k �� �. Tu procurr. , dcli��er l�;, .�nd �z�aintain fi,r il�r beneiit oP thr \lorli�:igce• durin�: th�� )il�� of ini> mnrt;;n;;r �.ri::in;il P��liciis and � . .
<br /> ?' � . iene}vxls thera�(. delieemd at lease t<�n da��s b�•(nm thr ez��ir.ition ot anc such pulicirs. in.unn� a1'ninst fire and uti�cr insurvihle � . . �
<br /> � hazurcis, casucdties. and contmguucirs ,u thc :itort„agre mar rc-qmn�. ir. en amnune equal U! 1 !�r , indeLt�lnes� sF�cured h}• tlris . � �
<br /> �. . � . ' 9fi�rtgssF'r. i�nd in �rompanics ucceptable iu tiic �[ort:;agee, u�iti: lo;.s p�iy:�bte dau>c i �i ia��nr of :�nd in torm accepinhl�� tn lhe �inrtra' . . .
<br /> . „ee. In lhe event :v�y pnlicy i, nut rrneH��Y� on or beiore ten day�s rf its etipirntinn. th�• htort�.�„i�r n:ac prncure in�urfincr an :he .
<br /> ; - impr<rvemenLs. puy t6e premium th�tre(or. :and such sum sh:Jl Lec,mr �mmediatidy dur nnd pnyahlc w�ith im�,rmet at t6e r,iir :el � � � �
<br /> furth in said notn witii pnid nnd sfmll tx• srcured by ti�is inurl _u^_c I�uilure un tiie part of th_ 19�,rt�eqnr tu lurni�ii such re�ne«�nl.< . . . . � .
<br /> � as are hrrrin rvryuired or L�ilure tu Pa�� ar�r =nms ndcnneed hr�rrund�•r ah;ill. :i� 16e option nf t6e ASort�a�e,�. c.�nsfitutN u defnult . .
<br /> } wider the termti of thi, mort�;ace. '1'he delicerc oE �ucn pulirir�s s6a11. in the �•v��ni u( deLiuit con�tituia an a,�i;nnten! uf thr un- - � � �
<br /> riirnnl premium. � : � �
<br /> An�' �ums receicad be Ih¢ p1ort�a�e�� L_; n•nson u( In:� ��r aam.:ge in�urrd n�ain,t mac i�o rrtained b}• l6e Alarie�eee . �� . �
<br /> ; ' � ' � ;ird nppli��d u�w�:frd thr p��ymcnl oi t6v drbt ncrrby sr�urr�i. or. ot ihr ��ption ��! tF.i• >1ort.,agcc. :.uch .. � .:. ri� h<�: �+�hnlly � �r in ' . . . � � .
<br /> � puri mac br paid ����i•r tn tiic 91un�n;;oc tu bo u:,cd tu n�p:ur sucii Luildin;;s or t �� build no�r buil�iin::ti in : I�cir Pl�ir�� ur fnr anv .
<br /> � nthrr purpose ur uhject �:ftie(acton' in ihcr '�lurtca:ee •anhuut aflect�nc thr li��n on the mnridape (or iF.�� full amaunt =r•i�un•d ii:•re-
<br /> ' . f;y h�•L�m cuch parmunt cc�•r !,e�k plarc.
<br /> r 'Co prun�:p� lv rrpa�r r�. ;i„rt• ur nb� iid .iny },uildin;;• �.� r impru���•rnrnt* n���� � �, iu� renilrr �.�u th�. premi;r� �vhirh ma�� bc- .
<br /> i cumr Jamaked ur dr.,trovrd . tc hrep �aid pn�mi=r� m q�+.d condltiun and wpair and In �• Rum nnv mrch.inre's li�•n or u� nrr lirn nr
<br /> claim u[ lien n�d expre.ti h� .utx�rJinat��d to � he liun h�.muC nut tu >ufler ur t��'r.nit any unlaoiul u��c u1 or �m� nuisancu to vxist on . . _ .
<br /> said prupeny m�r tn p:.�rmit ���a�ie on -niri Uremr.;<•s. r��r tu d, � ;up• other +rct �,��hr•r!•frv thr• � rtup!.rty' ii:�r.�iry ���,nve.>�rd sh.Jl i,ccome . �
<br /> ;' le,s v:+luahle. nur tu din�ini�ii ��� r irnpair its caiu�• i •, � m act � r �.,mi .aLm t<, ;ict �. 7 �� ��� �mPlc v:� lh all n.quirrrnrni -; u( I:iv: •hitii n•�pect .
<br /> tn t6r tnorf;;aged pnvni>rc and thr u=c tl:ereuL .
<br /> .. 'Thai shnu!d thr premi<,�, ur anr p:�rt thrr�•of Im � aAcn nr �iamngr�i 6y rr:ur�n oI an?' puiilic fmprnvomrut ur �Y�ndrmnaticn -
<br /> r- �� . pr�xcisl[n;;. or m�der tlic ripht o( rmineni do:n:+in . ur in any uther mann��r. thr \f�.lrt�u;:rr chall bo �mtiqed tu all r�;mprn�titiuns. �
<br /> ;��v:trds. ani3 any othr-r po�•�u��nt r,r r��lir[ tti�•ndur. and :i,ull b�� on ( itled. at its � �puon. tn eomn:��nro. uppear in a�;d Lru�.cv�uie� m iLc .
<br /> s nwn natne ;iu: ar.tion ur Pr<x��•edmu. ur n� make ns)' r� �mprumise nr �Ullunenl in cnnn�t'tiu� w itf� �iucb +r+6�nc ��r r�,im:iKr .�11 such -
<br /> . �:nmyeasaUnn. awnrds. danmqec riCh[ nl ac� ian and I�rnnals ar�� h��nh . .o-_;Igned Ir, thc �I� rt �nave �� hu mne. aitur �livluctinC
<br /> � lhem(mm ali it. ezVurrs. rcl�>a,r dn� mom. v. �u m � n �•J t � ll ur applti � ni sam : � � +n. innehl � d�x�.v . �ri•un�l h� r h� . 'Tln� A]orL
<br /> � . . ga2ur n_'rees �o cxentle .tiucn lurther a,..�,:nmenu i �f ar) a tnprn . � u�,n. ,i�� ,vJ=.. �.:�m.�,.� . �a .ul r�t:hi �; u! act�nn :md ,,rnr��rds aa thr
<br /> ' "dortRagir � m�ty n•yuirr.
<br /> ' .1-tml i�t cx.u• ��L failurt- tu perfnrtn an}� ��f th�� cnvru;�nls herrin. ' lu� �I��rtp:i;ec- irtay du nn Ihi• Ainrt;:.utor's brh�d ( es-rrc:i�inR
<br /> «� enven.mted: tha: the A1 �,rlKagi�c may al�n do a��p ac, i� mu>• darrn m�c��,an� t� � prutoct th�� iirn themoF, tLut tho Alurl ;;��or �a�iil �
<br /> � repny upem dememcE unv muni�yc pni�i vr di=bunrci hv ; Le \turtra�ri fnr :in}' n( th�. :�ho� r pur��n��•,,. :� nd =w�h m�:rttecr tu�elhc�r with .
<br /> `�� interetil �ht�mm� u[ the rate pro��idi;d in said turte <hnll be�,:i�rnr �u murh adriitiunal inJebavinr=, 't:rrehy ,�-��ured :utd m:ip L�• ir �
<br /> cludecl in any decree fnreclu,in� tiiis mortqu�;r. and br p�iti out ot tix� rrnts ur �,roc��eds nf ;al�� oi �::�id >>rcmu�•. �F not uther.vi>v
<br /> � � paid: ibat it <haVl not be obli�:.uory upon ihe �f<rrt�;a;:ce tn inquin• i ^to thr c;ilidic�: rd unc Ii��n. ��ni•umbranc��, , �r c!.iia: i ❑ :id -
<br /> � ��ancin�; moncys as nbovr auYt�orit!•J, but r.othin;; L+��rt•in �.runtainrci <hnll }x• cun•.trucri :i� nv�uirinc thr �tnrh;r����i� Ur ndr:inrr :mc
<br /> � moneqs for any such purP�sr nur to du unp nct nerrunder; ��nd that 17ort¢a�:i�r :hall nnt inrur an}� ;v� r:nnxl liabiliiy 6i-c:wa� of ��nr'
<br /> � thin� it mav dn ar otnit to do herr�under.
<br /> � � In tha <-vent u( dir Jefault ii}' �7urtgagor in fhe puqment ni �ur� m�tallnu rt . a � rrquim�i i,r ; i�r ;�nf �� =.rcurrri Frn�l�y, or
<br /> - in the periormemce of th�• ui�li;:ation ln tiiis rnurtGa�;r or in tLe nuti• secured thercbp, lhr \lortFa;;er =_iir�ll !�e ��ntiU��d �u ii��rlarr th�• .
<br /> � dobt turcurtv3 hreeby due :�r,d payaF.lr without notice. ar.d ihe 31ortFaare shxll Le entitlr�i at ii, np[inn. with��ut nuticr. �.iiF.er bp i [.+el(
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<br /> or by a n�ciiver fo be appuintnl by- thr rovri iheres�f. nnd u-ith��ut reyard iu ti�e a<i��quacy �,; unp x�curit�� fnr the ia�irbtedness u•- '"�:'
<br /> ! rurnl hereb}'. to enter apnn �md (ake �iasces�fnn o( ihe rnurtC&�eti pr��mise;. and to cul.rct :�r,d rrc«;icr thc r�.N:. Is�;ur�s and ProSils . ' � b
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<br /> � thereol. und appir the ��.:ime. lesx ro«� ol uperation and <y�llrcuon. vpnn ihe indcld�Klm•s= �.�.rurrd L � tin.: mnrl�, +�,�., sahi rrnls. - �
<br /> issue» anrl pmfLs hiin� hr•rehy zissiF:ner! tn the .`.lnrtgagre ns furthrr s�runt�� fur ih� pacmrnt .�t nli iudrbi � . in��s. ;�+�urvd hcr��hv. ' �
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<br /> � � � 9'he \lortgngee shall hare iFe Pmeer lo nppoint :iny agont or a�;ents it m�iy �irsire ii,r tiu• �!�.uPr^�' ��f n�painnt: siid prnm� r � .
<br /> . iu=s: rrnung the r,nme: collrctinl: t}��• rrnt.. nwrnur< and inccune. and �i n�ar p;n vut of •:rnd mi��. m� nit � .� � � i„�; ir,curre.i in r��nt� , � .
<br /> '�. ing nnd mnnugin{� thr ximr and of a�llectinp the renVda ihcrt•irom 'Phe f� �tan�� mm;umn�:, i+.' am�, �u-ail fn :� � �pli�,i L��u-;v�J the �
<br /> � di�}�arge of fhe mr�rlKngr indrl�trtdnrcc. 'I�hi� atici�piment ir �n lrrmin�u, nnd t.•<'omr nu!I :nvi ��� �i�l ;q„ �u :�d��n.�• � d thi= rnnrte:�co. ` .
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