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<br />'� 76- (� !� 7 ? s? `? .
<br /> k MORTGAGORS MAY MAKE PREPAYMEN75 OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SNALL BE
<br /> A4PLIED TO INSTALLh1ENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDED 7HE UNDERSIGNED ARE NOT IN DEFAULT
<br /> AND ARE THEN THE OWNERS OF THE MORTOA6ED PROPERTY, UPON REQUEST OF THE UNDERSIGNED, OR EITHER OF THEIA,
<br />� PAYEE AGREES TO FURNtSH TO 7HE UNOERSIGNED 100% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO•
<br /> � . HIBITED BY THE REGULATIONS OF �HARTEftING AND SUPERVISORY AUTHORITIES TNEN IN EPFECT. ALL SUCH AUVANCEMENTS � . � - .
<br /> � SHALL BE� SECURED BYTHiS MORTGAGE IN THE SAME MANNER AND � EFFECT AS IF NO PflEPAYMENTS HAD BEEN MADE. � � . � � � -
<br /> r THE htORTGA('�OR' PORTHER COV�NANTS AND AGRE�S:
<br /> I :
<br /> � � Thut. U�e MortR�Kor witl priy the indebtednesx as heminbcfore prnvided. � � . . . � . . . � .
<br /> . � � Thnl thn �Murtg+�gor is the owner u( aaid property in teu simple :md has gnrxl righl and law(ul nuthority tn sell nnd � � . � � � � .
<br /> convey tlie� samc nnd lhut the sume is free nnd clear uf any lien or encumhrnnce; �nd thnt �(origngor will warrnni nnd dr[end thn � � � � � - � . �
<br /> . . . titic � to snid premises agaiaet the cluims of nll . persons whornsocvee . . .
<br /> � . � � To pa,V immediately when � due m�d puyahlc rdl generat taxes, speciul taxes. spacial ascesstnents, weder chnrges, sewer serv- � � � �
<br /> - � ice charg�s, and other taxes xnd charges aqnins! Fai<l prnperty, n�irl nll �axes levied on lhe debt securcd hereby, and to tumish lhe �. � � � � � � .
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<br /> � . . . . Mortgagee, u�wn rcK�uest. with � the uri;;inal or duplicate . mceipls ihere[ot The 11orl�ugur agrces . t6at there s6n11 6e udded io . . � .
<br /> � euch monthly �puymr.nt rr.quimd � hereunder nr under ihe evidence o[ debt secumd Lereby an umount estimatud by thc Mortgngee ' ..
<br /> � to be su(iicirnt to r.nable the � blorlgaRec to pay, r.5 ihey becomr Jur, all taxes. ns,es.cmrn4+, �md similur chargr3 upon the pmm- . :
<br /> � ises subji.r.t �thereto; any deliciency ber.ause o( ihe insu(ticicncy of such additianal paymentx shall be forth�vitli depoailed by the. �. . � �� �
<br /> D4ort�aqor with dhe A4ortgagee upon �damund by the 1�9ortgageu. Any dofault undcr this paragruph sh�ll bc denm��d a def�ult �in � � . . . . .
<br /> . payment of f�szes, nstiessm��nts, or � �irnilnr clmrg��s rrquimd hereunder. � _ � � . � �
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<br /> ... '1'he hfortgagor ngrees that lhere �hall tdso br added to r.ich munthly paymenl o( prinr�ipal and inferesl rerplimd herr- . . � . .
<br /> � undcr nn amount esGmated by the D9urtgagen to br sufflrient 10 rnable thc h1orlFagNe lo puy, as it brcomes du�t. the insurancr . � . � � �
<br /> - . premium un any insurance pulicy delivered to ihe D4ortgager_ Any drficieucy L�•cause u[ Ihr insufficirnry oi such addilinnal pay- � � � .
<br /> �'�. � � � men4v shnll be (or[hwifh dc•posited by the '�torfgagor �eilh the �tor�gugee upon dern:md bY ihr nlurlgugee. Any default under this - � . � � . .
<br /> , . paragrnph sNnll FH� de�emed u default in the paytnent n( insurance prrmiunu. If thn policy or pnlicies d�rpo:ited am such as hume. - . � .
<br /> � uH•nen; or :tll risk policies, and the depusits nre in,uliicient tu pay Ihe rniiru prnmium, the A4urfgagre may� appl}' the deposit lo � � . . . . .
<br /> pny Prrmiums on risks rcyuired to be insured hy this mrirtgnge. � . �� .
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<br /> Pa}�menLy made by the �forlgagor undrr the above p.ir+igraphs map, at lh�e nption of thr 1lortg:�gr�•, be held by it und . . .
<br /> f commin�;lecl }vith other such funds or ilv own [unds for the pa}'ment o( sucli iiems, nnd until so applied, such pnymi�nta nre herrby
<br /> plcKlged as ser,urity for flie �mpuid bnlance o[ Ihe mortkag�� indebtr�dnc�ss. . . . .
<br /> a� ' 'Co procurc. drliver tu, and main�vin fur lhe bfm�•fit uf lhe blurlgaFre durin�; Ihe li(r of lhis morlga�;e oriFinal policies and . �. � � : . �
<br /> n renewuls lheren(, delivrred nl least ten dnya bolorr. the ezpirnUun �if :my such pnlicies, insuring a�ainst (ire and other insurable � � . . .
<br /> `�" hazanls, ensualtics, nnd cuntin�;encies as tbe A1nrt�;ager muy require, in un amamt equnl tn ihe , indebtedness secured Lp ihis ' � . � �
<br /> �1ort�nfiE. �nd in companie� accep4�ble to the n4urtgagee, wi�h ]n�.r priyahle clause in favor erf and in fonn ��cmptable lu thi� bi��rtga- � � . � � � �
<br /> f��- geo. In O�e event nny ryolicy is not renrwml un or be(ure ten days o( ils expimtion. tho, rtnrtt;aqer. mny procure insuranco on the � � � � .
<br /> � ; improvemenis, pay thr, premium iherc(ur, and sach tiurn shaR becume immedintely duc• :md paYllble with infer��st at thc• ra[e set : � � .
<br /> j forth in said nute until paid and shall Ix� secured by lhis murtga�;e. Fnilura on lhe part nf the \lurlgagur tu furnish such ri�newals . � . � . . � .
<br /> � as are hrrein reyuired or failure to pny any sums udv;�nced hereunder shall. at Ihe optiun o( t6e �tnrt�;a;��o. constitutr ❑ drfault �: . . ..
<br /> under lhr Lernu o( 1Lis mnrtgn�;e. 'Phe drlivery ot such P��liric.s shall. in lhe evetrt n( du[ault. cnnstituti� tm ;icai{;nment uf the um . . .
<br /> � earn�i premium. . .
<br /> ; AnY �+ums recri�•ed hy lh�� \Iortgogeti• Iry re.�sun uf los, or danu�ge insurerl :igninst mxy bc rctaiued by fhe \1n�fgnKee � .� - . . _ . . .
<br /> . xnd applird �o�aard the payment of tlic d�•bt hrreby srcured. or. at the nption o( Uie iUurlgagee, such .ums �•ifhrr whollp or in � .
<br /> : pnrt may br pi3id urer tn the A1ort�;igor tu be used to rrpair such bnildings ur tu Luild ni��e buildintis in iheir plaer or tur anV � � . �
<br /> . other purpose ur ubject silisfaclory to Ihe Di�irfgagec wilhmd o-d(i�cfinti th�• lien nn thr marf�;aFe for Ihe (ull �unuunt �ecurrd herr- � .
<br /> ,� � hy before such pnyment ��v��r I«�k place. . . . . . .
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<br /> �f' - '1'o prutnptly repair. n•.lort� or rebuild any huildin�;, nr improremrnl, nme nr hrren(ter un ih� premises ��hich muc la�. � . . .
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<br /> F c��mr d:una�iKl ur dcstroycd ; tn krep siaid premisrs in �;rHid condiliun and rep�iir and (rr�� (rnm any mrch�inic's lia�n or uther lirn or � . .
<br /> � claim uf licn nol expres;ly subordinated tu tho lii�n hernuC nol tn su(icr ur prnnit :ury unl.n��ful u.,c uf nr any nwsanre tu exist on �
<br /> L� x��id properL}' nor lo perrnit « nste un said prrmi.es. nnr I�.� Jo any other act u�herrby ihe prope�rty hemby runveyed sh;ili brcome . .
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<br /> `�� -' Icss vnlw�bic, uur to ditninish nr imp:iir its calu�� by nny a�d ur omisvinn In :mt : to rnmph' ��'itL �ill rrquin•mrnLs of I:uv wilh rrsprct � �
<br /> � lo ihe murl�;a�ed pcemises nnd the use tl�crooL � �..
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<br /> '1'hnt should thi� premis��s or any part ther��of IK� Laken or d��magisl by r�•anun o( any puLlic irnprnvemrnt or rnndemnntion
<br /> proceeding, or under fhe right o( eminent domain. ur in any uther mnnnrr. thr klorlguGee �hall be entitlyd to al! cumpenvntions,
<br /> � awards. and anY other payment or relirf thore(ur, and shall be entiQrd, at ils option. to cnmmenci•, :�pprnr in and przKec;ule in iLc �
<br /> �. . rnvn nnmu :my actiun or prcKx•edin�;, or tu m;ike any rumprumise ur �ehlrmen[ in conn��etinn with such taking or d�ma�;e. All such
<br /> z� compeawtion. a«�ards. damu;;��+. ri�ht ut action �md prcerevis :ve herebp .�s.igncd to thr, p1nrt;;a�ce. �vho rn;iy. nfier dedurlint;
<br /> ,„. ' ihrre(rom uli i45 eapenses, rcicasi• atiy mouey.a �o rri�eivrd L�� it ur .qrply fhe =arne mi ;mr indebtedm•ss .rcured h��rchy. '1'he \lurl- . �
<br /> , gagor aFrees to ezeeutc such [urther assignmenL�e n( anY eomprn.ativn. :�«�;vrls, damu�;es. nnd ri�;hts uf :�cli<��u and prncr�•ds as ihe
<br /> ' T9orlgngee msty rryuire.
<br /> � 'Chat in cas�• of (uilure fa prrtonn any u( t6<• cuvenanls hercin. thr Afort�;u;;er m�iy do un the �tortt;aqor's beh;ilf r��erylhing
<br /> su mvemmled: lhnt the Atorlgagee may rdso do nny nct it uviy derm nre��•.cairy to prulect thr lii•n thrreuf: ih:rt the Morh„ugur a�ill
<br /> t repuy upon demand anY monran paid or di�Uuned by the \lortg��;;re fur any ut the abnve purpcnee. nnd such mone.rys togelher with
<br /> . �. inleresf thereon af thr ral�� providrd in said nulr s6a11 becomr nn mudi additionid indebtrdnr�s hrreby srcurrd end mny Im in- .
<br /> cluded in nny decree forcxlosin�; this rnort�;age and be p��id uul o ( lh�• renlv ur pruci�eds u[ salr o[ said prcmis�•s if nut ntheneise
<br /> e- , pnid: that it shnll not be nbligutnry upun the htortgngee ln inquirr iNn the c;iGdity nf any lirn. ��ncuml�,ranci��, or cluim in ad-
<br /> � vancing muneyv xs afxrvr uuthorized. but nulhing herein cunlninrd sliall lx• cun+lrued as requirint: thr �lurtkuger tn nrlvanci• �my
<br /> muneys (or nny such puipose nor W do flny act hen•Und�•r, and that �1ortgn�;oe• sh+ill nnt incur nn}� p!�r�onxl liabilitc bec:uisr nf any'
<br /> � f� . thing it may dn or umil fu dn hrreunder. .
<br /> � �� In the event. o( the dtfnul� 6c i�7nrl�;�µor in the pxymeut of any in.ctal6nrnL as rryuireJ Ly' thr Nuli• secumd h�-rv�by. nr
<br /> ' in the performance o( lhe ubli„ntion in lhis mortgage ar i« the nute Fec�urd thereby. lh�� 11orl �:age�� shrJl ho o-ntitled tu d�slare th� -
<br /> � deLl xecuted hrreby dui� and p�ryalile w•ithnut nnlice. and the itnrt�;a�:ee sh;dl he rnlitled ul its uptiun, aithnut noGce. eittier by i(tiel( . :�,.,� . _
<br /> - or by u receiver tu 6e t�ppuinterl hy ihe courl fliercro(. ;md without regnrd tn lhe udiK�uacy n( sny security fur thr indebtrdnrss se. . . . .�'Y.ST„+';%i:��.' '.
<br /> �, cured here(ry. t<� enter upori and lake po;vessiun of lhe morl �;aged prrtnises. und lu cnllect nnd reccivi� U�r rents. iasues smd profils � � N '• .
<br /> thereof. nnd �upp�y th� srunr. les�t auts a( <�peration nnd cullection. upon lhe indrbtedness secured 6v this mortFage: snid mnts. . �
<br /> issues nnd pn,fity kxrinti hereby tw;igne<t lo the I�tOt��'SI�;CP :LY turlher srcurity (or the payment �i( rilt indrbtrdnrss s�vurrd hrreby. �
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<br />�,g, - . � . 'Phu Alortgngee shall hnve thu pmver lo appoint any xgent ur ri�;rnls it. nw�• de��rr (or th�� purp�nr rd rrpairm�; siid pn�m- . r' � �
<br /> iws: rentin� the aame: cnitectinR the rents, rFrvenuos nnd income. :ind it may �
<br /> S�`,p,�' . . pap out of s��id income� a11 �•xp�•nsrs ino�rr�vi in r��nb . .
<br />;m; :. . �ing and mnnagirtE: the snme und o( c�,IloctinR thc rentuls thernRnm. '1'hr balance rc-maining. i( ;�ny. �hrill hi• :� ppli��d tnwnrd ih� . � . � .
<br /> � . � dischtvKr, o[ the mc�rtgagc ind�bt�dnisv. 'f'hi� a4:ignmcnt i+ tu trnninnh• and M�cumr� null :�nd voiri upnu rrlr�isr u( tlii� mnrtcagc. � .
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