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98110432
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3/13/2012 3:52:21 AM
Creation date
10/19/2005 7:58:24 PM
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98110432
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� = , : _`�::,�:::; .. —� <br /> .. .,. <br /> .,., r..y,,,r,,rr.-.. _� - <br /> �'���;.'s`..__�____ - _ - <br /> 98- �.a►� <br /> Sa:tion 2.13 In the event of the far�closurc of thi�Mortgage or other tr�nsfer o�the tltle to the <br /> Coll�ter�l in extinguishment� in whole or In pArt, of the indebtedn� 9aurai <br /> her�by, �l right, title u�d interest of Mortgagor in su�d to any insurance policy <br /> the�t In force wlth reapaK to the CollAter�l or part thereof�o transfemd�hsil pass <br /> to the purchager or�rantee, sttbject to any IimitatIons upoa transfer �s may bc <br /> pmvldod in any such policy. <br /> I, �, <br /> Sectidn 2.16 Mort�xagor shall pxy the princlpal, intetest and �ther charges due under the <br /> Outstanding Notes u►d Bords according to their respective terms. <br /> Soction 2.17 Mortgagor shall pay or cause w be paid; <br /> (a) Aefare thee same shall becocne delinquent,all taxes�assessments wnd other <br /> govemmeatal, quasi-government�l or public.or other chugos affec�ing the <br /> Co11�t�rA1 and any accrued interest. cost and/or penalty thenon�nd ahall <br /> submit paid receipts thercfor to Martgagee upon request. <br /> (b) When due, all encumbran�cec(includin�any debt secured by mortgaga or <br /> deod of trust). leaxs� liens, and/or charges, with interest, on the <br /> Collateral nr any part thereof aad all casts� fees and expen,.4ta nlAtod <br /> tLereto. <br /> (c) Whea due, all charges far utilities or services including� but nat limitod <br /> to, electriciry. gAS, waier and sewar relating to tve Collat�r�l. <br /> Saxion 2.15 Upon demand by i1�Ioz�tgaga, Mortgagor shall pay w Mortgaga on the first day ��: ;: <br /> of each moath, together with and in addidon to the regular in�allmeaRs.: pf .. <br /> Princip�l and intenst due uader the Outstanding Notes aad Bonds, untii�tha- <br /> � �securod hereby is paid in full� an amouat equal to on�twelfth(1/12j . <br /> of tLe yearly taxes and asa�asments, insur�nc�e premiums. �nd other similu �, '. <br /> cherges aa estinwted by MoKgigee to be su�cient to ensble Mortgaga W pary <br /> at least ten(10)days before they become due, all taxes. asx�vnenls. iesur�nc�e <br /> premiunns wd other similar charges against the Collsternl. Matg�e�e may <br /> commingle such funds, and sh�ll not be obligated to pay interest.on �ny such <br /> sums. Upon danswd of Mortgagee, Mortgagor a2w11 deliver�to Mortg�ee auch <br /> additional sums as are nocesaxry to eaablc Mortgaga to pay such taxes, <br /> asseasoacnts, insurance pnmiums and similar charge�. �. <br /> Sxtion 2.19 Shuuld Mortgagor fail to maice�ny payment or to do any a�t henin provided, <br /> then Mortgagee,but without obiigatioa so to do and without noticc to or demand <br /> upon Mortgagar and without nieasing Mortgagor from any obliguian hereof, <br /> may: malc�or do the same ln suc�h marmer aud to such extent as Mong�ger may <br /> AMBNDBD AND RBSTAT6D MORTOA08 <br /> ((k�od Itiwd.Atebntq 13 , <br />
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