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<br />010759
<br />MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SHALL -BE
<br />APPLIED TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE NOT IN DEFAULT
<br />AND ARE THEN THE OWNERS OF THE MORTGAGED PROPERTY, UPON - REQUEST OF THE UNDERSIGNED,'OR EITHER OF THEM,
<br />PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 100% OF SUCH PRINCIPAL PREPAYMENTS I , UNLESS ADVANCEMENT IS PRO-
<br />HIBITED BY THE REGULATIONS OF CHARTERING ' AND SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCH ADVANCEMENTS
<br />SHALL BE SECURED BY THIS MORTGAGE IN THE SAME MANNER AND EFFECT AS IF NO PREPAYMENTS HAD BEEN MADE.
<br />TITE NIORTGAGOR FURTHH.R COVENANTS AND AGREES:
<br />'I'liat ill(, Niortgagor will pay the indebtednvs, as hereinbvforf� provided.
<br />'I'liat.,the-NIorigagor is tit(, owner (if 'said properk, in: fee sinipl(, and has good right and lawl'til atithoritv to sell hrid
<br />colive , N. ill(. saille and that tliv sanie is free ;lit(] clear of :in%, lien.or envumbranve� and that '%Tortgagor will warrant it)(] defend -Ilw
<br />title to �;aid prexnisv.�; avainst tilt, clainis (if all' persons whoni,�ovver.
<br />'Po pay inimediately �vlien title in(.] payable all general taxes, special taxes. special isst-ssinctits, water cii;lrgus, st�%Nvr st�rv-
<br />ive cliarges, and othvr taxes and charges against said proportY.'and oll taxes lovied oil thedebtsvcumd herehY, and to furnisli:tlif-
<br />Nlortgagve. itpon i:v(piest. with the original or duplicate receipts therefor. 'I'll(- Nlortgagor a -revs that there shall he added to
<br />'(1;1rh IllonflilY payniont required hereunder or under tilt- evid(%nvo of dvht soctired horebY :ill :1111MIT11 I.-StilMitt'd bN' HIL' �Nlor I
<br />to be slifficient. to ellable till. N-Mortgagev to pay. as thev beconle due, oll and similar charges jilioll ill(- im-ni.
<br />ises sUbject thereto; ally deficioncY hocause (if the insufficiency of such additional payments shall he lortlovith depo�itcd 1) ' N, the
<br />Nlorl"agor %%itli Ili(, ',%IorIgageo upon deiliand bY tile vTortgagee. AnY default. mider this 1mragraph sluill It(, ili�cnwd a defauli ill
<br />payment of asses.�nivnk, or similar charges required herountler.
<br />'Flit, Nlortgagor agrces that 11wre shall �llso be added.to each monthly payllwilt of prim-ilml and infere.st required 1wre-
<br />1111der all :Irllollllt estilliated by t1w Mortgage(. to ho sufficient if, onable tit(- Nilortgogev it) pay.:a., it beconles (Ille. tilt, insurMIC0
<br />preillitilli oil any insuranvo, polic , v delivered to ill(,- Nlorlgaj�ee. :\11y deficiencY be( --mise (if Ow im�llflivivllc.v of such �Iflditiolwll
<br />nwnts shall be forthwith deposited 1) , v the 1%lort�,,agor willi ill(- 'Oortgagov upoll delimild 1) ' v the Mortgag'.e. All -V (IL'I'Milt llod('r filis
<br />paragraph sliall,be deelned a default ill tilt, payment of insuranco premiums. If,the polivy (it- policies dopo4ited are stich as holne-
<br />owners or all ri��k policies, and tho deposits art, im�llflieiellt to pay the viltille pronliuln. ill(- '\Tort gageo may apply ill(' deposit' to
<br />pay J�rclllillllls 6.11 rislis required to be hisured by this niortgage.
<br />'�'Tllvllts ill(- �Tortgagor under'the aloove paragraph., ma.y. at the op(ioll of tilt, Mortgagoo. he lield bY it 7 111(1
<br />Conln' illith-d other stich funds or its own ftiods for, the p;1yinvilt of suell itolnS, ind Until so applied. silch 1myrnonts nn, lio,robY
<br />pledged ;Is So( -uhtY lot- ill,- unpaid kilalive ol"(11v 11lort,1:1ge illdebtedliess.
<br />'Fo proctire, deliver to. and maintain for flit, honefii of the Niortgagev during tho lit(. of this illortgage origirml polici�.s and
<br />rellowals tlwrepf. delivvred at least tell days before the v\pira(ion of aii.v slich policies, insuring against fit-(, and (dilor in-;urahlp
<br />hazards. casunities, and con I i ligencies ;is ill(, IN . lortg:lget, lilay require, ill :in arimunt. equal to I tire indebtedness secllr(�d bv this
<br />:0nxrt!,,ag(,, and , in companies to tilt' willi loss payablv clause ill favor of and ill fox -ill accepfabh. to the
<br />I., riot reliewerl ,it or lrpforf� ten day -s of its expiration, Ilw i\lori,_,ag-,(- may procuro insuraricoon III(.
<br />In ill(, event allY policY
<br />i till) rovvinmit s; pay the premium therefor. md such sum sliall bvc:)nl(. inilliediatel ' v dile and pa,��;INU With il1tCl_('.S1 ;11 tit(- rale set
<br />forth ill said riot(! until paid and shall he �wcllr( ;d bY this niortgn!�e. Failure oil the parl (if the Nlortgagor to furni'di such rellowak
<br />;is art, lwr(�iii �t;(luired or failtirt, it) p;iy any si ' mis advanci'd lwn-ulldvi- sil;lll. *;It fhe option of tilt, Nlortgagov. constituto a th,fault
<br />under the ternis of this mortgaqe. 'I'll(- doliver". (if stiell polivics shall, ill the event of dol'ault. co�llstitllto an assignilloill of tit(, 1,111-
<br />carned premium.
<br />A11Y suills rcceivetl bY tit-, Nlortgagee 1) , v roason of los, or dallinge illsill-i'd a!"ainst maY he retailit-d bY the
<br />and applied to\�ard the paYinent of tit(- debt herebY -;cvured, (it-, at tit(- option (if tile ',lork'a go,(,, such sunis .itl)vj- or: in
<br />part nm.y It(- paid over to the Nlortgagor to he used it) repair such huildings or to build neW litlildilllls ill t1wir ploc., or for- �nv
<br />001017 I)Ljrpose.6r ohject. satisfactor ' v to t1w Nlorigagee wilhoul jiffeclin�� tit(, lien oil tilt. Illortgage lor the full ailloulit S(wun-ri here-
<br />bY bf-foro surh Intyim-ni -ver look place.
<br />'Fo promptiv ropair. rvAore (it- rebuild any Imildings or improvoments now or lit'reaftcr oil tit(, pronli,4es %khicll 111m, i)( --
<br />come dalliaged or rlestro,vvd: to keep said premise, ill ;,,00d condition and repair and fr(,,- from anY nwelianie's li(-ii oroIL-.,r lien or
<br />clairil of lien riot vxpressly stihordinated to ill(- liell livreof; riot to suffer or permit anY 1111lawfill llso of or all -v lillisalive to v,\,ist �oll
<br />said property 11 ' (if- to p(.1 -mil wosle (tit said promises, riot. to do ;Ill.%- other ;let wheroby tilt- propert-, I ho-reby convi'ved shall hecolile
<br />less valtiahle, nor to diminish or impair its vallic 1) , v :111Y act or omission to ml: 'to Col"IdY with all roquirvinents of law with respt-ct
<br />to tilt- morignged pr(�xnises and ill(, its(, thereof.
<br />I'll should ill(. promises or anY part thereof lie takon or daniag(-d bv-reason of any pi�blic improvehwnt or- condeninjition
<br />proceeding, or tinder till, right of erninent dormaip, or ill any other manner. Ili(, Nlortgagoe shall be viltitlud to all. com pe lisat ions,
<br />awa;tls, and an.v other payment or relief therefor, :%nd shall bv elitilled, at. its oPti(Ill, to conilliencf,. appear in and pros(vtite in�its
<br />own maine any action or proceeding. or to make any compromise or settlenlent ill ('011"Vetion With such takin- or daniage. A]I stich
<br />cmillwilsation; -awards, damages. right (if action and proceeds aro livrehy as�-,igzivd to the i%lortgaget% Who may, :ifter deducting
<br />therefrom all it.s expenses, release any monvys �o received bY it or apply ill(, sanit, oil all sectired hervlw,'['hv Nlort-
<br />gagor agrees 4() executo such further asigminen(s of anY compensation. awards, daniagvs. and rights of action ;tit(] proceeds as the
<br />Nlortgagee may requiro.
<br />in case of failure to perform any of the covenants herelin, the Nlortgagve rilay (it) oil Ili(, Nlortgagor's behalf everything
<br />so cov(,Ilallt(;(I;. that the Nlortgagve may also do..anv ;let it, may de(�ln necessarY to prolvel the lien thvreof; that ill(- Niortgagor will
<br />repay upon (!vniand any nit-im, - vs paid or dishorsed by the Nlortgaget, for any,of the above purposes, and such nionePs together with
<br />interest thve(�on at Ili(- rale provided in said riot(, shall become so little)) a4ditional indebtedness lierebY suctired and may be in-
<br />cluded ill arty decrcx� foreclosing this mortg.l.ge and lie paid out of the rents o'r proceed., of szlle of said prernises if riot otlierwise
<br />paid; that. it, shall not. he obligatox-V LII)011 the Nfortgafree to inquire into tllo�- * -1aim in :ill -
<br />of allY lien. enctunhrances. or c
<br />valleing nlolll,�ys as above authorized, but nothing lierein contained sliall be construed as requiring Ili(- Nfortgaget- it) advanct, :11IN
<br />nioneys for any quch purpose nor to (to nny let herelinder; ;lit(] that Niortgagev sliill riot invur an.% personal liability hvcnjst,oflnY_
<br />thing it maY do or omit it) do hvrvund(�r.
<br />In tliv event of thedvi'ault by L%lortgagor in lite payniont of anY installment. as requircd bY the Note secured hereby. or
<br />in till! performance * of tit(, obligation ill this mortgage or in ill(, note secured thereby, the Nlortgagee shall he entitled to declare ill(,
<br />debt secured hereb%- (Ille Mid IMY!1ble without notice, and Ili(- L*%Iortgagev shall be entitled at it,, option. without notice, either bv-itseIf
<br />or by a receiver to b(.� appointed by ill(- court thereof, ;lit(] without regard to (110 'ldV(llNlCy of any securit for fit(- ilidebtedn'Ps", se-
<br />cured hereby. to enter upon ;in(] takc- 1)(IsSession of the mortgaged premises,and to collect and receive the rents, issm-sand profits
<br />thercof. and.apply the same, less costs of operation and vollection. upon tlie indebtedness secured bY this mortgage: sai(l rents,
<br />issues and profits living herebY assigmerl to tire Nlortgagve as further sectiritY for ill(, payment of all indebtedness sevured hervbv.
<br />'I'lie N,Iorlg.ig(,(- shall have the power to appoint. aliv agent or agents it. may desiry for (lie purpose of repairing said prvni-
<br />ises; renting ill(- sanie; collecting the rents, revenues and illemilo, all(I it may IMY ()Ili of slid illcOlne :111 expenses incurred in rent-
<br />ing and managing tho sanie ' -in(] of collecting tilt! rentals therefrom. 'I'lle balance remaining, if -"'W. S11-111 he toward tit(,
<br />discharge of tit(! mortgage indVhtvdll0Ss- 'I'llis iRsignillent is to terminate all(I become null and \,oil] upon releaseofthismortgage.
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