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<br /> � � MORTGAGORS MAY fAAKE PREPAYMEN75 OF PRINCIPAL ON ANY INSTALLMENT DUE �ATE. SUCH PREPAYIdENT SHALL BE �
<br /> � � APPLIED TO INS7AlLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PR041DED THE UNDERSIGNE� ARE NOT It� DEFAULT � . �
<br /> . AND ARE THEN THE OWNERS OF THE MORTGAGED PROPEfl1Y, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF THEM, . . � -
<br /> � PAYEE �AGREES TO FURNISH TO THE UNDERSIGNE6 100% OF SUCH PRINCIPAI PREPAYMENTS, UNLESS ADYANCEMEN7 IS PRQ• � � �
<br /> HIBITED BY THE REGULATI6N5 OF CHARTERING AND SUPERVISORY AUTHURITIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS � . �
<br /> � SHALL BE� SECURED BY THIS. MORTGAGE IN .THE SAME MANNER AND EFFECT AS. IF. NO PREPAYMEfvTS HAD BEEN MAOE. �
<br /> THE T10RTGAGOR FURTHER COVENANTS AND AGR�ES :
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<br /> � � � . . 'Phat the hlorigagor �vill pay the inrlcbtedncss as horein{�•fnre pruvided. . � � . .
<br /> � 'fhat (he ?vlort�ngor is iLc a�vner of a�iid �iraprrt�• in fra ximple und lias �:o�l riti}�t nnd Luvful :iutt�orit}• tn ;ell anrl - � � . . � ..
<br /> com•e}� the sanx� end that the xnme is trre nnd clear �i( anp lirn nr ennnmhrnnc��: and thnt A1nri �agur ��ill �.carrtuit. and dofend the . � - . �
<br /> � tiqe ln snid ptemisc-s aq�tiasl. the cleims of all persons whnmsucv�r. � �. � � �: . .
<br /> � � To p:aa imtnedi�dely ���hen dur and p;�yn}rle all general inses. ,pecial ll�xes. .,peciul i+.urssments, }vater chargrs. sewrr �en�- � � � -
<br /> . irt� chargea. e3nd other taxes and char„e_s ag��inst said P�t�peri}-. and nli tnxr. lovied un the ilebt �rrurr.d 'nereb}•. and to turnish the � � - - .
<br /> Tlortgagec, uFwn reque>L ���ifh the original or duPlicote rei�eipts theretnr. 7'he 3fnrtgagor aArens iV�at. there. shnll tx ndded � to � � .
<br /> ' � . enek� monthly payment r��<�uirr{I hrrc•undrr or under t}�r rridence n( dobt si�•iited hereby an :imount c;limuked Uy Ihn �1ort„agr.e _ � � �
<br /> � t� be suf6cicnt . to ennhle ihr 91onRaFr.c io pat�, :t. thry bccnmr due. idl taxiti i::��ssments. nnd �imilar charge; upnn the pre.m. �. � . .
<br /> ` ise:s subject ti�creto; uny deficie.ncy because of tho in�ut5r.icncy ot such additi�>nal p�iyinenl, siiail he turthw�ith de.pusiird by the _ � . .
<br /> 1lortgagor ui�h ihr V�lurtgagee upnn dem;ind hi� ihr ?�turt �;atir��. :�ny dofault ur.dcr this parn�rnph shull bc dr�•me�i �i detaul� in . � .
<br /> . payment ot ta�i _ . esces:inent;. nr simi)ar char4es rcquired he.rcunder. � . . . . .
<br /> .. •I�he A1url�;ugnr :ierees ih:at Ihere sh�all ulso i�e added tu rsch rnnntiil� paymrnt u[ ��rincipal and in[eresf r+v�uired here- � . �
<br /> under an amount e�timausi bp Ihr �tort;,'agee tu be ;ufficient tu �•nuble th«� 9forlga;ec to pz�y. a;: it becumes due, ihr ]n�urane� � � � � .
<br /> _ . . prrmium mi any ir�surxne�• policc �irlivi•ri41 to the 1Sort�.:agre. :� uy drticiency� h���cau:�• nf thr iii:uiticiency i�t ::uch �dditinnal pay- � . . . . . .
<br /> � . mcnt� sLall he torth+vith depa>iti•d tiv thv 1lortknF��r �cith th�� .'dorii:a�rt• upon �irm;mu iry tiic :�lurtg ��ee. :1nc �iei:+ult under Ihis � - � �. � .
<br /> � p�iragraph �hall Ix• de�amed a drCeiul�. in U�e pm:mrnt n( iu:urancrr premiwns. If �h�• p�dir: ur p<�Gcies rii�p�;�iiod are surh as numr' . . . . .
<br /> � i:wnen vr xll n� k pnlicie>, and the depoai�s nre in.ut�ficu�nt. tu pa': Ih�• �ariirn prrmimn. � iir \lurt�aFca mar :3pply Itu� d�•pusit to � . � . � . .
<br /> � par premium; ur, ri,ka rcv�uircvl tu },c. insurrd by ihis mortaage. . . � � . �
<br /> s . � P;�}�menvs madr in• ihe �tr,rtgaqnr under � ii.� :ibm�e p:�ra�rupfr ma��. at. thi� nptinn a�f Ihr �1orlFacce. h� h�4d h�� ii and - � � � .
<br /> � � � rumminy;lyd with uther surh funds or ii� �,�� n funds (or thc p.n-ment � f =uch items. and umii s,:� applie�d. such payment,� ar�� i��e�reby , - .
<br /> p1��dg�Kt ac aeeunly � for Ihr unpaid b.ilana� of tiie nu:rt�a�e indebtednc=. � . . .-
<br /> , 7'o pnxure, delire•r i�,. and �imintain for ilr� ben�•fit a( thr Alnrt ;:at�oe �iuring thc� li�r o1 ifus rnurtgage oril�in:+i pnlicir. and � . � . .
<br /> � rene�vuls thrnK�t, delivercKi at le��st trn da>�s M�Inro thr expimtion nf emr such pnlii�irs. i:i. urin � :�.ain-t lire nnd other insurable � _ ,�
<br /> `���. - �� hscards. cnsualties. and a�ntir�enci�•s as th.� $1ort;aRee may requirr. in :m amount cqual tu thc indebtr�dness secured be thia � . � .
<br /> - '�turtgaGe. and in compt�nics aixi•ptahle �o the �1ort_�agce. w�iih In,+ p.iy��blo clau�e in (.n•or ot an<i in (orm acceptnhle tn thr \lort�;ti• . � .
<br /> ges. In the c•vent an}� pulicc i, mit renew�•d on nr i��dorr ien dsys uf it.: expir�tion. the Pfuri �ager may' prorure insuranc� on the � � .
<br /> R � - improvemenis. pii�' tLe prcmii.m lhere[or. and .ruch ,imi +:hall ixti�m:e imrnediat��ly due. ;md payahle i+•itn intrrrst at tlie rtll�r srt � � �
<br /> � forth in .=.aid note until p:iid and shall be srcured 6�' tiiis mon �:���•. F:�'ilura un Lhe p�3rt of tho Afi,rr;;,��ur tn fnrnish surh rent-w:ds �. . � -
<br /> " . as ure herein myuired nr tailure to pap :�ny sum. ad��:mced i:rrew�der vh;�ll. at ih�� ,�p� ion nf � h�• 9lorlc:q;+•�•. c��n,tituti• a defauit �. � . . �
<br /> ' � under the terns o( thie mort;;n;;r '1`he d�•lirun� nf sacn prliries sl-��11. ir (i�r rvrnt oi drfaiil.. cun.titut�. i i a:=iRurnFmc u( th�� un• . � .
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<br /> � earnal premium. �
<br /> ! � �� Anc :ttms recricrd Lp thc \iurikx;:re by re:isnn u! los; ur d.unaGe �nsurvd ac�iintit may he mtaineri L�' the J1nrf;;nFee . � .
<br /> .. . and npplied tou•;ird the p:tvment oI t6r daht n r�.V-.y .���:ar.:iL � �r. af [ hr opti�.n nf th��. \l� rI agrn. such sumx eiliicr �rhnlly ur in : � . . . .
<br /> r� � par[ ma�� h�� pnid nc��r to tiu� 11nrt ;;n�or t�. lx� u::��d in n•�,;�ir wcii Iniildin�;+ ur to huil�i m•a� building> in t6��ir placr nr f� rz ;�np . .
<br /> ' nthrr purpiwr or objec[ saa�i�tacton• tn thr \1ortc:����e w�iU:nut aHrotin, th�- It�� un liin mortari�r fnr 1}��. (ull .im;:unt -ecun•d h�.re. .
<br /> � 6� b�•(ur� vuch '�iaymant vccr l�.vik pince.
<br /> �C''. � . .1��� pnanpth' rrpair. tr:turv ur r.�buiid ar,v Irui;din�� vr nnprmoment. nrnc ur hrri•:dter ur. ; hr prrmi<�-s Hhiri� nv�y bo � . .
<br /> � cnmo d;mt;+Keti ur de;tro�'.vl : lo krep •aid premi.�:, in �� vd c� �n�fitiun nnd rrpair nr.d fr���- (rmt anc rm�chanic'. lii�n or nthor lier. or .
<br /> � ' i�ixitn ui lirn rut r� pre+�lc sutnudinatrd tu th�� li��n l�r•mni: nnt tu �utT��r nr 14'nni � nny unl:n.(ul u=!• nt ,�r nn}' nuisancr �a csist ��n . . -
<br /> � snid pmpertt' nnr tn p�-m�it a�.cie un .,aid pn•mi.e�, n„r : o dn any olhrr urt •.. hrrri�q tho yrnprrtc hrrnc� conve-v�•d .hall M�cun:e � �
<br /> � ��� le�c t•alnaMr, nnr tu diminish � �r inyr:air its valun c� � uv art �.�.r � nui..n ,n t„ .�.c t� . c;ripb: re �th u! 1 nuuin�inrnt. al In',� �ci[ n ra=pcet
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<br /> ii � la tht• mnrlg,�7;cd pirmi�r: �md l6e u�r. � h�•rc�uf.
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<br /> � That shuuld ihe pr;�nu<as ��.r ;my pnrt Ihorv-� �f tx• ink�•n or d�un:iKe�i bc r��a:on of any� puLlir impruvcin<�n! ur i•undr:nnminn
<br /> � � pr�xn•etiin�;. u: under the ri;;l�t uf eminrnt dnmain, ur in tiny uthrr m:nnm�r. t6�. Ai�,rt ::a�r�• .tmll b�� rntiN�Kl tn all com�r-ma� iuns. .
<br /> � :ra�anla, ar,d ;iny u!}:rr p:n�mr. nt ur relief In��n.ivr. n��d sL�,dl h:. ��ntidr�i. a[ il. nptlnn. u, runvrn•n<r. .ippcar in nnd Prr..cr.ute in it�
<br /> � . �' nwn nsme anc �ction or prarctiin�;. ur c� � make am� cumprumi�i• ur seitirrnent in r��r,nocfinn v:ith „uch :;�i:inc ,r �iam;i�;c. A4 such
<br /> z . cumpt•nsAliun. :n�'ardn. dxma�i�. ri;:iit ut a<•tioi� anci prnrv��d� arc iicrc�hy a��ignerl t� � Ih�.� .'d � �rt �;�;;or. v: ho map . :eti��r �ir�ductin:
<br /> � therr(rtmt ult it ca ,�en:�•,. r�4r:i+�• :+n�' muu��rs :•u r��a�ire�i in� it ur apply ihe zan:e � �� � :mr , rrlrf:[rdr.�-;, ;��oun-rl i���r��h�:. "fl��� \lnrt -
<br /> � n^uXur agrcrt� ta ez�-e�tle •ucli fur� her :s;:iFnmentv uf .�n•: c <�m � �rneati�. n. ._ �s.u�r', i:.a ,ic��s. .on1 nkh� � � { artinn nmJ pr:ic,•ril? a: � l��r
<br /> : 31��ri;;:+Ce�� may rcK�uire.
<br /> . "1 F�t in ca.r u[ L:ilure in pE�r���r;n an.r nf i'r,r n.r:��u,int= b�� rein. tli�• Ai � a::;aqrr mnr � b , �. m ti�r Atnn [:aeor . Iu�h:ilf .•vrrv � htng
<br /> . , vn ���venurded : thnt the �1nrt,:�F��r• rnny td,u d� , :u:y act i[ n:av ric<-m m�c+�:nn� h � prvb�ct [ hr li„n thrronC th,�t t}��. �1�,rtpa,ur �riil
<br /> . n.�my upnn �i��mand :my monep> paid u: di,buned b>� Ihi• \1nr4:a;:n for a�ry� n( � he aLin�er purp� nr,. and ;uch mnn��ys tugrthor �oilh
<br /> �� Vntr�e;t thmm�!� tu ti�e r+ne Prm�id��d in :aid nolr ,hafl b+,c�,m�• �� � rnu��h :u!ditiunal indr6teylne.: k.��mhp ���cunrd ami mt�y bE� i:i-
<br /> ; rludill in any Jecr��r iureelusinc thi> murl�;a4c emd i�c p.ii�i uuc �, f ti:�• rcros or ��n,n ��-�k u( :nl,� „f �.iul pn•rmsrs if nnt „ther•.cisr
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<br /> � paid; ihat it shtJl nnt hi• ublit;ainr5 uP��n 4:r Atnrt �;a[:ev� tu inrluirr int�, N �c •,-:iiid ;ip n! nnc lirn. ��n�umFrunci•s, ur cl :iitn ui gd-
<br /> � . . vr:ncim,; mon�r5'+ ns ai�orr oiuti�un��.� l. Lut untloinK h�° min c� �ntr�inrri sLall tK• cnnstru+•ri n, n+� uirin ;: th�- VurtFa�;e�• b � :idvanc�� sm'
<br /> . � . moneys fnr anq such t�urpo„• nor te dn :iny� act h�•mundr� r, and tl�at \1� �rt �:!e���• �i�:Jl nm !r.cur anc �u�rsnnai liahility b<�cair-�� ni anv'
<br /> � thing i[ m�}' <:u ur omit tn �u h�,nvnd�•r.
<br /> In tho �•eent o( thc• defauh by Alnrrg:a;:or in thi� pacmrn [ ��( nn�; ui?t :�lim��nL a- r��q�nri�d by ; h�• tinh- .urun�d h��rrbp, nr .
<br /> � in the �mrfurnmnce nf thr ubliguli!�n. in this m„it��tiv or in thr twte ..itiurr�l iherr•b�'. th�� Ai�;rq;a��•e �h:Ji hr• ��ntitlyd tr, d��cinre thc
<br /> . . dobt sr.eun•d i:ere6e duc .�mi paynLle without notiar, an�i � ho \lurig;ig� �, �l:all b�• �•ntid��d ;�t it= upti��n. �,+�ith�,u � n� u . . cilh��r b} iC4r{t . . I
<br /> • . nr b�' a seci•ive7 tn tm appo:nlcKi bp r6a cuurt therryiL and wilkuul rt�::ud tu ihr• aJequacc n( any cer�irit}- for tr. • ind�•birdn�. ::c ..[.- ':"•.. � � : . .
<br /> . - cvrctl hen:b}•. in enler uP��n and tuLe �xuec•�.;ion of the muri;;agec �- rtmi.=.���:, and tu cull�w�t �::d r��cri��c tiir renc. �=sut„ anii �1f•JIIl.9 . � 'N '
<br /> � � th��rrv�f. :utd .-�pply the � ime. Iewa cusin t�.! ��prratiun nnd colle=ctiun. npon thr uidrtrfeaino�.:s +,iu :�•d t � t}ii - rnort�. 4,e : s:iid n•n !s, . �
<br /> Liscues �mcl pmfitx Ix�ing h� tehy titisignrd ln the 1�lorfF:ngre av ;urthor -�,�:uriry� Cor the [��� YR���nt o! all ind� Lt dm�,s :�Yun d iicn•bv, '
<br /> � 'Chi• \dort�;aRc.r chall hace the power to ap,oint any .ag�•nt ��r a„rri.z i: n:ay dr�in i � ,r il�„ purpr.:�� � :I m�,:.iri ��:; :�iid pr��m� � _ .
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<br />"y�o � rvrs: renUng � lhe same: colleclin�; thr mnt�, rr•ernues and incomr. xnd it map v:�Y � �u: of ti��i�l inr< �ir;r :ill ��kp�.n.c= ,nrnrnwi iu rv•nt � . L¢ . .
<br />" inq and mana�inK t.n�t s��mr, :ind of collirting thu cenvds thcrclro�n. Thc !;:slann• n•rnninin�. ii ;i ;i:. � i:a; i hc :� i,i,ln.i! t+�•.��s�rd th�� !X?
<br /> J�k` disrhn:;;e of thr morq;a�;e indnb:e•dnnss. T�hi., :i:si nmen! is fn trr - �
<br /> � n:mtrtr :�nri iv.r� ,m;• nuli nrol ��� u�i up� �n m�.�:-�• � •I ; I�,i< n:��rtcac!•. .
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