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<br /> 98- iiU432
<br /> Secdon 2.13 la the event of the forecloaun of this Mnrtgage or ather transfer of the title to the
<br /> Collptersil in extiaguishcnent, in whole or in part, of the indebtedness securod
<br /> heceby, nli nght, title and interest of Mortgagor in and to any insurance policy
<br /> then in force with rcspoct w the CoUAtenil or part thercaf so traasferrod sh�ll p�ss
<br /> to the purchaser or gcantee, subjc�t to any limitations upon transfer as may be
<br /> providod in any sucb pulicy.
<br /> I. p�tms�t�.
<br /> Sectio�n 2.16 Mortgagor shall pay the principal, interest and other charges due under th�
<br /> Outstanding Notes ard Honds according to their respective terms.
<br /> Section 2.17 Mortgagor shall pay or cause to b�paid:
<br /> (x) Befqrc tbe sazne shal�become delinquent,all taxes. as.sessmeats and other
<br /> govcrnmental,quasi-governmental or public,or other charges affecting the
<br /> Collateral aaci any acerued interest, cost andlor penalty theroon and stu�ll
<br /> submi#paid receipts therefor to Mortgagce upon request.
<br /> (b) When due,all encumbrances(including any debt secura! by mortgage ar
<br /> deed of wst), Ieases, liens, and/or charges, with interest, on the
<br /> Collateral or any part thereof and all costs, fees and expenses related
<br /> thereto.
<br /> ,(c) Wh�n due,all chuges for utilities or setvices including� but not limited
<br /> � � iu, cie;c;iriciiy,gx�, waicr x�ri scwer reiaiin� icw 'wc i..�liuix[ai.
<br /> Soction 2.18 Upon deraand by Mortgagec, Mortgagor shall pay to Mortgaga on the first day �
<br /> of,each monih, toget�er with and in additian to the regulAr i�tallments of .
<br /> . principal aad inter�st due under tht Outst�nding Notes and Boads, until th�
<br /> indebtedness sxund heceby is paid in full, an amount equsl to one-tweifth(1/12)
<br /> of the yearly taaes and assessments. insurance premiums, wd othu similar :,.
<br /> , charges as estimated by Martgugx w t+e sufficient to en�ble MortgaSa �P�Y
<br /> . at least ten(10) drys before they become due, all taxcs� asaesaments. uaaunmce
<br /> premiums and other�sirnilar charges against the Collat�eral. Mortgrgoe ms�y
<br /> canmingle such fuad�, aad st�xll not be obligatod W pay interest on any such
<br /> sums. Upon dernand of Mortgagee, Moctgagor shall deliver to Mortgagee such
<br /> addirional sums as are necessary w enablc Mortgaga to pay such taucs,
<br /> aesessments� insur�a�ceprecniums and similax:charges. .
<br /> Sectioxt 2.19 �Should Mortgagor fail to make any payment or to do any act herein pmvidai,
<br /> then Mortgagee, but witbout obligation so ta do and without nopce w �r dea�and
<br /> upon Mortgagor and witLaut releasing Mort�agor from any obligation heroof, ";
<br /> may: make or do the sarne in such manner and to such extent as Mortgagx may �-
<br /> AMBNDBD AND RBSTAT6D MORTOAaB
<br /> (Onwd uLrd.NehwlW 13
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