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<br /> � MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON AIVY INSTALLMENT DUE OATE. SUCH PflEPAYMENT SHALL OE � � .
<br /> APPLIED TO fNSTALLMEMTS LAST TO OECOME DUE UNDER THIS MORTGAGE. PROVIDED TtiE UNDERSIGNE� ARE NO'f IN OEFAULT � -
<br /> . AND ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST Of THE UNDERSIGNE�, OR EITHER OF THEM, � . -
<br /> PAYEE AGREES TO FURNISH TO 7HE UNDERSIGNED 100�/a OF SUCH PRINCIPAL PREPAYMENTS, UNLESS � ADVANCEMENT IS PRO• � . .
<br /> MIBITED �Y THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCH ADVANCEIdENTS � � � � �
<br /> � ' � SHALL 8E SECUREO BY TNIS MORTGAGE IN THE SAME MANNER. ANU . EFFECT AS . If . NO PHEPAYMENTS HA� BEEN MADE � � � �
<br /> TFiE MOR'fGAGOR FLIRTIiF•,R COVT?NAI�TS AND AGR�ES:
<br /> �� � � � 'l'fiat the. hfortgagor +vill pay lhe indebtednc�s as hereioLe(nrN pruvid��d. . � � . .
<br /> t � ThuL thr. T�1urlK+�F�r is ihe awner of � said property in Ii•�� simple tind h;is �u�id ri;;hi and IawGd authority to sell nnd � � � � � .. � �
<br /> �. convey lhe sume and fhal tl�r s.ime is free :md clear of any lirn or encumhr.�ncr; and th;i� \torlgagor •,vill tverrant and di�fend � �hie : � . . . .
<br /> � title to� �said prcmiscs. sgainst the clnims . nf ell persans wh��msoerrr. . . . .
<br /> . . •Pu pay immediidely when duc uud p.iynbfe alt gcner.d fax�•s. specinl tax��s. :,prcial usa�a.me.nts, w;iter chxrges, sewer serv . . . . .
<br /> � � . ice chazges, and other taaes and chnrgcs against naid pruperty. nnd all iaxi�s levi��d on ihe deLt secured hereb\', and to fumish .the � � . � � .
<br /> Mortqagee, upon � requesl. � with thu original or duplicate receipts ' iLere(or. 1'he :1lnrtaugor agre[�+ thal there shati lin addcd lo � .
<br /> �� encii monthlY P�iYmont . reyuired herewider or under lLe evidince of debt sr�cured hrreby i�n amnunt rstimuted . hy the Murlgagre . . . � � .
<br /> to be sufticieni tu enabl�• lhe Vorlgagee tu pay'.� u+ they 6ecnmi� due�, all lnxrs. is;i�s�ment;. nnd ,imilar charges upon the pre,m. . � . � � .
<br /> ises subject Uiereto; any de(icir,ncy. becauvn o( ihe insvfliciency of such addilional puym�mLs sht�ll he farthH•ith � depnsited by thn � � � �
<br /> � n1ort���;or �+�ifh th�• t�4urtgageF�� upun dcroand . hti� the. hlortFngce. .1ny deftnil! undcr this µlraKraph sh,dl he deenred n deGwit in .
<br /> pa�ym��nt nf taxe� •issessmenfs, or similar chargi•s roquired h�a�ew�dre � � � � . �
<br /> 'I�hr Murtg;+gor a�rees t6+d [h�•rr slmll aL=n bo :vld��d tn rach munlh!y p�yntent u( principal and interect re�quired here- . � � � .
<br /> underan amount evtimutu�i bv thr �{nrt�age�e lo Fe sulGcieni tu anablr ih�� D1or� g:y;�•n lu pa>�. aa it bucume� dur. the insurancr . . .
<br /> -} �� �. prr�mium nn aqv insaa�ncc pulicy delieered to ihe \torlga�;ce. Any dciiciem:r 6ecau=e ol thr in;u�6ci�mcy nf such additionnl pay- � .
<br /> re � . rn��n4� shull be torthwith drpnsiled lry thr �4�rct;;agur with ihr 1luttgn�ec upun di•mnnd bp ihr. Ainrf�;agcti•. Any d��fnult under this � . � � � .
<br /> x � parngrnph shul! be deen�ed a drfaull in tho payment af imurince prr.miurt�5. I [ the �xrliry nr pulirir-s drpnsitrd aro such as homr- � � � . .
<br /> own�rs or nll risk polirirs, and thi• de�io,its ;vr insuflicienf to p:�y ihc rutire prrtnium. thu \lurlga�ci� m;�y ❑pply Iho deposit to . . .
<br /> � pny pn�miwns on riskn required to be ineured hp this mod„atie. � � �
<br /> ' YarmeuLS madc hy the 1forlya�nr under lhr abovr par:i�riph: mey. at Ihr npfion n( thc ht�irfg.a;{ec. h�� hi,Ll by it iind . � . � .
<br /> , commingle�t �cith othor such funds nr its own iunds for the pa}•mc•nt nf such ii��ms. .mJ until su npplied, cuc1� paymrnls :v�• hereh�• �� � � � .
<br /> '�`�� � Pl�Klged ns security for the unp++id h�elmice al Ihr mnrtka�o iudebtNdness�. � . � � � �
<br /> � '1'o prucure. deiivrr to, and maintain fur ihe benefd uf thr \toriga;;ce durin� � he li(e ol this murt �;a�;c original p+ilicies }�nd � � � �
<br /> '� � . rencwals therev�f. delicrred at leasi. ten duy; hi�•fnre the expiratinn ot .m�� snch policics. in.;unn,; a;;;�in.tit lire and othi�r insurablc � ' . � � � .
<br /> 4. � .. liaxards. casuulties. �ind contin�encics a; the �lurtgage.� maq nN�uir�•. in :�n amount rqiml �o Ihc indehfrdne;a �ecurrd by fhis . .
<br /> � �. � \Sort�flge, und in cumpanirs ncceptnhle lu fhe I�1orl„ngre, �cith loss puyable clau�e in fa��or oC and in furm neceplaLlr fo the Cdortga- . � .
<br /> qee. In the eeent nn�� pulicp i.� nn� mnewi<I on ur brfure t��n d��cs o( its expir:ition. the i�turt:;.��ne rn;iy procurc inevrunce un tiie � � . .
<br /> improvemenls. pxy thv premium tLrrcfor, and such sum shall bcc:mic i�nmediately dur and P��Y+�ble with intere�L af. ihe ra�e eet � �
<br /> furth in ,airi note unlil p:iid nnd .=hnll bi• =ecured hy this mnrt �nge. F;iilure un ihe port ni ihe Alnrtga�;ar tn furnis6 such renrw�ds �. . . .
<br /> a; ere herein rc�uired or fnilure to pay nny .cum. advanced hercundrr �hnll. st the opli�m nt the :�tort ;;�a;;� r. rnnstind�� a dr(iiult � . � � �
<br /> n wtder the tomv� o[ ihis mnn;;;i�;r. "I�he �leliv�r�' o( sur}� pnlici��s tihall. in lho ecr•nl n[ dri'ault. cun.slilut� tn assi:;nmrN nf di�� nn� . . � � � �
<br /> r•am�Kl premium. � . �
<br /> 3 Any su�na recri��od by thre 14urt�r��ee br runsun o( lu„ nr d,unu;;c in�i�r��d :��ninsL iueiy be rr-tained by thr Alurfe.i�;ee �. . . � �
<br /> '� � nnd ❑pplied Ina�nrd t}�e papinent n[ the deht hrr��by s��cure<i, nr, at ihr nptinn n[ � he \�lort�;u�;��c. .uch �ums eilher wholly nr in �� . .
<br /> p��r[ may br p.�id o�rr �u Ihe hSort�agor t�� bc us�:�d to rrpair such huildin55 or l0 6uild nr�a• buildinq�; in [L�•ir plucr or lur nnV . � . . .
<br /> ��Ihvr purpuu or ubje<•E satisfncturp tu th�• 3lurlpa;:i•i• �rithout ;d(r•ctinC Ihr lirn on th�• r.mn ;;ag.� for th�� inll amuunt si�rurrd herr- .
<br /> �' � _ j by tndor� suvh pa}�ment ever ta�k pinco. .
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<br /> � j 'I'u prortiptly rep:�ir. rostnri� nr rebuild any huildin;;, nr imprm���ment.. no.e „r h�rrralter on � ho premi=e, uhicii may� I�v- . . .
<br />� }-: . come datn�t;e�d or d��strnyal : t�a I;eep snid premiecs in �ix�d rnndiiiuu :md rrpnir :ind (rec Irnm xny mechanic, li��n cr ut6cr li�=u or � .
<br /> ' clann u( lirn nnt ��spre�sly suLordin,drd tn lhe lirn h��r��aC nut tu tiu(Fe�r ur p�•nnit nny� uula�viul u=e ut or rnn� nuisani��• tn r�ul on .
<br /> ! said properh' nur tu pem�it �cust�� �.n sai<I premises. n� �r �u dn any other ne� �rhrr,•be fhr prup��nc h<•rr•by cuneryrd nh�ill fx�comr . ..
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<br /> Icss vLluaiili•. nut tu dimininh ur impnir its c;ilui� hc nny ��rf ur �.�misciun tu ncL I � � r� ��nplp �cilh :di r��qwrrmrntn n( I:nc w�ith rr•;p��ct .
<br /> tn tl�e mort�;u;;i•d �rzcmises ;md Ihr usc iLeronL .
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<br /> 7'hat should thr prrmi<�.s ur ;mv p;ut 1Lrreuf 1�• tnken ur damagrd hy n>:isnn nf :uit� pu6lic imprncrmrnf ur condomnntian �
<br /> :� procti��KJing. ur under lhc ri�ht uf �•mine�ni dumnin. ur in any uther m:nmor. ihr .17nrMagee• �h:ill hr ��ntided ln all comprn;aliam. �
<br /> ���r�rds, and anY nthrr P�7•����+��t �a rrliei therrior. and SL;dI b�� entitlyd . :u its uptu,n. to c� ,rnmence. npp��nr in :md prm�tiute in iLti
<br />' F; � own nante .uty nction ur pnx�t'�'din�:. ur 1� � m;�ke any rumpromi;e ur srfll�ment in connectinn �eilh s�ch takin;: ur rlam.��o. :11� .+uch
<br /> F rnmpcns�iion. awards, dnma�;r�. riRht uf ;ictinn and Prncr�vt� :vr hrrrLy a�siqncd tn th�� 1lortq��;re. whu nu�c. a(tvr drduciing
<br /> �. � � herr. Irort: ull iis �•xp�•nse:. rrlrnse am�� rnnn����s sn rrrriced by it or appip thr ::umr � �n :u�v indrb� rdnr;s sri•urrd h<•n�by. 7'he \tnrt -
<br /> � - �u�!ar agrees t�� execute ,euch further a;vi;nmenfs o[ ;mp romprnsnhi,n. :nv:irds. ilnmm:os. ;iml richts n� Aciinn unJ prucr��ds nc thr
<br /> k . Mortga�;r�e may rnyuire.
<br /> y�" ' 1'bat in cnsr u( failurv� In pc�rtnrm �nc nf lhr c� mrnanLc hrrcin. � hc \IurtF:+��'�' ���;�c du nu Ui�� \turi �:a:er's b��h�Jf ec��rpUtinC
<br /> .,:�� � so rnvenented: thrd tho A]orl:;agee mriy niso dn anv ;�ct it may dri•m urci•:sar}• tu pndoi•t Ihr lirn thi•mof: Ihat tfu� \lortga;;or wili
<br /> rryay upon demand any moneys paid or di�hurs��d by thr 11urf;:agec (ur nny uf thc afrurn purpusi�.. :md surh munecs In�;rdirr w•ilh
<br /> �` itde. rest thereun nt the rate provided in said nutr ,6all b��cnrnr• �n mucii addiiiunnl indrht��dnr<s Lerrhr -��cumd :�nd mav h�� in �
<br /> ciudcni in anp decn•e (orvcl��sin� tlii� mort�;a�;e nnd bu paid uui u [ Ihr r�ail. ur pron•�•ds ��f �ile � �f niid pr�•mis<•s if nut uth�•neis�•
<br /> �< . . �� priid: ih�t it nh.ill not tH• ubli�;ttlnrp upon ihe illort�;a�;ri• tu inquirr inlu thr validity' nf nn}' lirn, enrutnl;r.inrrs. nr �•I:iim in :id�
<br /> vancing moneys us afr�vu uulhnrizrd. hut nothing h��rrin rautnin��d .hall fk• cun�trued �s requiriuc fhc '�lor( �a����� I �� :id�:�nce :�m
<br /> :1. monnys for :in}' such pu[pose nor tu dn nnt• ;�rt lu•rrundrr: �nd Ih;il �Turt �;oq;re �hall n��t inrur ;�n �' prr.onnl Ii:�L+ility 6reau:e o( any'
<br /> thing it maY dn or nmil tu du Y�rn�undrr.
<br /> e � ' Ir. thr e.c�•nl o( lhc de(:wlt hp Vt !,rt�;aRor in Ihc payment o( :ui�� in+t;dlm��nL a< r�•quir��d 6p th�= Tn� i• >rrurrd hrrrh�•. nr
<br /> in U�e por(urmunce of ihe ohli�ation in this morl�;a��� ur in thr nnte �ecun�d thoreb5', Hu• \t��rt�atiec shall b� � rutitli�d to JerLve thr
<br /> debt scrured hereby du�• nnd payable without nuticr. and the Dfurt�agi•e sh��ll be entitled :�t iL, nplion. }vithnut n��� ic��. riiher by iivI[
<br /> a' or hy a rrceiver to he appuinted hy lhr cuurt thercK�f, und ud6i�ul n•FarJ lo lhe ;tdtn�uac�� uf :m} .r�•unlc fur � h�• �ndebtedm•sv sa•. ; . � -
<br /> curcvl herrby. tn rnter upon and Inki. po.u�ssion af Il�e murt_;�ceJ premi�es. and tn culL rt r.nd n cef��r ttu� mnt�, ic,ue:, :�nd prulitv . •,� • '-•. �
<br /> lhereo(, au�d aq>ph• the �:une. lesq co;tv o[ operntimi :md iv�lluc�iun. u�nm the indebfr�.lur,e �ecumd hy Ihis morl�;age: ...uJ rrnts, N `
<br /> � iccues uud profi4v tx�ir�� herehy nsaignrd to lhr btortkiu;rr• a�s (vrther crcurih• fr�r thr pn� mrnt ��f all indi•btidm .�� •,ti.ured hemby. , � �
<br /> ` � . •l�hr hiurtK��:�•e shall have th�• puwer to �pprnnf any ny;rnt ��f a�;enis it m:n• dr .ire lur the purpn;r n( rrp.iirin�; s�id pmm� '1f'
<br /> � i�i�,: . renting the +:ime: cr�llectinK the re.ntv. rrvrnues mid incomr. ;md if roay� pap out ���f <nid incnme :iq exp���n=��. incurr�.i im m�t � � � ' .
<br />• � ing and mm�aging � thn Ft�me and of cvllectin�; the r��ntal, thorotrom. 'fhi• i��tilanc�• rrmainin�;. i( ., ny. :hall hr :qiplird to•.v:ud Ihr � .
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<br />°� � . disch[�rge of tlm rnorlgagc indr6�t�dnc�.s. T'his a.,si�;nmrnt is lu tcrminnfr and tv�cum�� nnll and ��� �id up: m rrl��;no nf this mnrteagr. �
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