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<br /> ail debts, obligations and Iiabilities incurrcd by rca:on of ony adiun lakcn bq thc Dfuttgagee, as provida! in lhia Paragraph, all
<br /> . o( whith amourtts so paid by thc Dfortgagcc, W'ith interest thercon frnm thc dstc of earh such paymcnt, at the cate of threc � perccnt �
<br /> (3D1a ) per ennum, shall be payabic by lhc D{ortgagor to Ihe Dfoctgagce nn demanJ end shall �c sccured bp lhis Dfortgagc. � � .
<br /> � � � 4. No huilding ot othct strudure or imprarement, (ixture or personal prorerly morty,aged hereby shail bc rcmna•ed or . _
<br /> (� demolished witbout thc prior e•ritfem m�sent of ihe bfnrtgagce. 7'hc Ttorfgagur wili not mnke, permit or sufkr any eltcration o( � �
<br /> � I ' or addition � to any boilJing � or biher structure or impn�vement now o� which may hemafter be eredai ar installed upon lhe �
<br /> mortgagcd proryerty, or eny yact thereof, except Il�e impmvemenls required to be made pursuant to Paraqnph 3 hereof, aot .
<br /> � a�ill thc Dfortqaqor usq ot permit or suffer the nse u!, any of thc mortgaged prnpertq for . any putpoee olher il�an the purpose � .
<br /> � or purposes for a�hich the same is now intended to he used, without ihe prior � ���ritten cousrnt of the Mo�tgaRee. '1'he Dfortgrgor wil� .
<br /> j � maintaia thc mwtRaged property in Rood mn3ition and state of repair and x•ill not suffer or permit any w�aete to �nq part thereof, nnd . �
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<br /> � will . promptly mmplp a�ith all thc � rpquircmtnts of Fedcral, slate and local Fovcroments, or of any drparlments, Jivisio�ts or
<br /> �� 6uroaus � Iheceof, pertaining m suc6 pmp�rty or any part thertof, �
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<br /> �. � 3. The Dfortgagor a�ill nnt rnluntariiq creatq or permit nr suf(er to be crented or to exist, on or against the mnrtqaqed .
<br /> r��r«�r, ar any part thercof, any licn auprrior tn the licn of this Tfortgage, esclusire of the licn ur liens. if any, to whid�
<br /> � this T(nrtgage is cxpressly subject, as ect (otlh in thc grantinq dause abnve, end w�ill kcep aud mainlain thc same frct (rom �
<br /> t� � the deims of all pzrtics aupplping labor or materials ���hich a•iU entcr inlo thc ronslr�rtion nr inslalla�ion n[ ihe Imryrorements. �
<br /> � � 6. (a) The I�Sortge�tor will kccp all buildinps, otber �tructures and improvcments, incinding c�auipmcnt. nnw• existing or . �
<br /> s� � W�hich meq bercaflet be erccted or installni on the land mortgaped herebp, in.urrd against loss bp fire nnJ other hazards, .
<br /> '� casualties and contingrncies, � in such amounts and manner, and for �uch periuds, all as may he reyuired from lime lo time by �
<br /> `� � tlic Tfortqagce. Unless Mherwisc rcyuircd by the Mortgagec, nll such imurancc �hall br effectcd hq Standard Fire and Ertended � .
<br /> �� � - CoeeraRe insurance policies, in amnunts nof Icss tlmn nccessary tn camp�y with the minsurancr dnvse percentxge o( thc ralue . �
<br /> " eppliceb�e to the localion and characler n( ihe property to be cn�-ercd. All sudi insuranre .hall he cnrrird in companies apprm�ed �
<br /> . hy the Dtortgxgcr and all policiee tliere(or shall be in such form anJ shnll have altad�ed theretu lo<s payable clnu�es in fa�ror of the . .
<br /> � r[oclgagee and any nthcr partici as shall bc satisfactury to thc Dfortpekcc. Ali such policica and atladiments thereto ih�ll, be Jclivcrcd .
<br /> 't- . pcomptly to tLe Dlottgagce, unless thcy nrc rcyvired lo be Jcli��ereJ lo the hnlJer rt( n lirn of a ntotfgaFC nr similar instru- � .
<br /> � . ment to �chich lhis Alurtgage is raprcssly subjcct, in ���hidi latter e��cnt �eriificates thcrn�(, sati5(aclory to Ihe AfoetFageq SI1dII bf
<br /> r. . �. delivettl prompNp lo Ihe MortRaRtc. Thc Dfoitrap,or ���ill pap prompUq n•hm dur. a+ hn�eina[tcr prneidcd. and anp aod all �.
<br /> premiums on eurh insurance, nnd in eccrp zase in w�hich papmcnt �hcrcnf is not maJc from thc drpn�its Iherefor requirnl hp tliia �
<br /> '= Tfortpage, prompUy submit to thc MortRaqce for ezaminalinn rcaipts or othrr e�'idrmm �f sueh paYment as shall he aatisfadorq
<br /> � � to the Dinrtgagcc. 7'Re Atortgagce map uhtain and pap ihc premium on (bnt shall be andcr no r.bliFslion tn do Sn) every kind of
<br /> insunntt requited hcrebq if Ihe nmount of such prcmium has not bcrn deposi�ed as reynircd 6y thia riortRage, in which c��mt
<br /> � lhr Tfortgagut will pay to Ilie Afortgagcc c��cry premium en paid hp Ilie Mort�agcc. �
<br /> � (h) Cn the evrnf o( loss or dama�e to Ihc mortFaFed r�o�e<<r u,� DforfgaFor ���i�l rivc to the Afortpxgec immcdixte notice
<br /> ' d,ercof hy mail, and the Tfortgsgca may n,ake and (ilc pronf of loss if not madc ethrnrisc prompUy hp or nn hehalf of the
<br /> �� � AfortFagor, rach insurance mmpanp issuinF any sudi r�,i�o• �� hrrcby nuthocized nnd directcd tn make paymrnl hcteunJcr (or
<br /> ii; . such loss dirMly to the MortRaaee, inslcad o( ro thr D1ortRaRor and Ihc MorlFaRec jnintlr•. unlcss thc nmu�mt o( loss is pap• .
<br /> `F able first ro lhc holder o( a licn undtr a mortFagc o� similar inslrumrnt to u•liirh this Dfort�aRc is cxpressly �abject; and 1l�c �
<br /> ` � insunnce prnceeds or any patt thereo( is receiced hq Ihe Dtortµngee mar br applinl b7• the �(o�tRagre, el ile option, eitha .
<br /> '� _ in reduNion of lhe indehtedness hereb�• securcd, or to �he resloratinn or repnir nf the mortFaRed ryroperty damaged. In .
<br /> i: the event of foreclosurc of fhis DfortRaRc, ot v� any frans(cr of titlr �o �6c mertkaJtcd pmperty in cxlinguiehment o( suili indehF �
<br /> nlness, all righ4 ����e snd intereel o( Ihc D1ort�agor in and to crcq• wdi in+urancc pnlirp thca in (PfCC. �IIll�fd �0 thc riµUts .
<br /> - and intercst of thc holder of any such prior lien, �hnll pass lo thc prantoe acquiriny; titic to thc mnNRaFeJ property tngethc[ a�ith
<br /> � such pnlicy and ar�«,��„�� assignmeM o( euch riFht, tille and interesl aliich shall be made hy Ihe TfortRagor. �
<br /> � 7. (a) In order morc lully tn protcct thc srcurity of Ihis D1nNKnh�•. Uic DL�r��;aFor �hall dcP���it �.•ith tlu DfortRaKce to.
<br /> � Rethcr u�ith. anJ in aJdition to, thc pnpment of prinripal anJ intcrcst mnmhl�� on acmunt o( Ihc Nolc x.urcd hcreLy. until
<br /> ` the Note is paid in fall, an amnunt of mnne}' equal lo Ihv tntal amount n( ( il R�omid ren�.. i( enc , neal becominR due. ( iil the
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<br /> premiums next bccominK Jue �m tlic �nlirics of firc and all olhrr h:v;vd inwrancr rcquircd I+r thi� Mnrtp:�Fe ���ith res�rct to the
<br /> - mnrtFnge<I �.roperly. (iii) tsxes, assessm�nts. watvr rales and nlher �;��rernme�nlal diarKes nc�l hecomin�; dne nn thc nv,rtRaged
<br /> nr�,r��iy (al� Ihe laregninR amoant� as estimaled by the TforlNay:ee nnd x�l (mth in a �crilten n�.tice o( such estimile hy Ilte
<br /> i AfurlgaRec lo thc Aforbta�or (rum timc tn timc) . Icss all amnunts lhat map alrcadl' havc brrn paid Ihrrt(or, dividcd hp �hc numbcr
<br /> � of talrndat months lo dnpse Lcfarc onc calrndat mnnih pri�u tn �hr dalc n•hen �ud� y;ronnd renls, ��rcmiums, taxcs, as�ess-
<br /> � mrnts, wa�er rates nnd other f;nremmental charges, rrspntirriy, �cill heromr due and p.i��ablr. I( ane amount rc(erted lo in
<br /> � dausca (i) thtouRli ( iii) hcreo( is required tu hc dtpo�itcd 6y the DtorlFagor under :� maNgaFr ��r aimilar in•trument 6avinp
<br /> E � priority ovcr tl�e licn o( Ihis �fortFagr. thc A1orIRaFer SI18II make Ihe dcporil+ rcyui«•d i+�' Ihis Paragwpl� ' �+nls in the c��rnt of tl�c
<br /> � Icrmination of sni�h ohliFation undcr thc prinr morlFaFt nr eimilar in.lnimcnt . l'hc A(or��a�;��r �h�ll pica prompl notice in i��rit�
<br /> - � inR to the TfortFn�;co a( the oau�rence of the Ia�PmentioneJ event. All snrh amounls �o drpu.i�cd �vith lhe AfertRnhee shall bc
<br /> � htl�� hy lhe DinrlRagee, or any agrnt desiKnaled ��p it, in ltusl In he u�ed onl)� (or Ihc pa�•mcnl n( wr6 �;rotm�� fenls. prrnliunu.
<br /> r . taxes, assessmrnfs, w�atrr rates anJ uthrr Furemmentai rharRes. Nn interee� �6all bc pacahic hp the Nor�KaFec on any sum x�
<br /> - depoeited.
<br /> � (h) Ail amo�mix rcquirtd to bc dcpnait�l wilhin th� 1�fortR�Fec mun�hly in aaordancc .��ith 1'sr+y:ra�•h 7( a ) bcreo(, and 1hc
<br /> -� amount o( principal anJ interr. l to 6e paid eadi month un acr�+unt of �he No�e. �I�all be �.+,IdcJ tnFrlLer, nnd l6e aggregate amount
<br /> ; ditrm( shall br r��J b�� u,r Murtpagor to �he Dfortgagre in a ein{;le paqmcnl lo be .q,plicd b�� Ihe AforlFa�;cc on ncmunl o( Ihe
<br /> � indrhtcJness o( the t�forlFaFor punuant In Ihc tdelc and Ihi� Tlort�;aAe ( �o Ihc rxten� Ihnl monic+ arr arailnble from tlic
<br /> amount so deposiled), in 16e nrJcr, any pruvision u( thc Nutc to thc contrarp noh.-ithstxnJinF, a � (ollo�•s:
<br /> � r1RST, to Ihc inte d�arRes, if any, rcferrcJ to in 1he Nntc;
<br /> . SECOND, to thc amount o( such ground rents, if any, (ire and othcr hnzarJ inswan<c premiunn, tnzcf, aex»mcnts, �vlrr
<br /> ntes nnJ olhef F��vernmrnlnl diatges rcquited to be pnid under the provisions nf this �forlFa{;e, in whatever sequrnce U�r
<br /> Morlgagce m�y ezdusively dcttrmine;
<br /> . THIRD, to intereal Jue oo Uu Note; and
<br /> . FOt1RTI{, thc rcmainder, io �hc ptincipal duc nn 1hc Nnlc.
<br /> � �. - Any Je(icicnry in lhe xmount o( any such ngFmgnlc monthlp paymrnl sha1L unle•� psid h1' Ihr. AfnrtFaqor pri��r tn Ihc �hie dale o(
<br /> - the next euch drposit pay�ble, comtilutt an evrnt of dcfault under thie btort�;ah�.
<br /> � (t) Aay cxass funJe lhat may be acaimulrteJ hq «nenn nf lhc drposits rcquircd unJrr ParaRroph 7(a) herco(, rcmaininp
<br /> � ofter paymmt of tbe amuunte describeJ in clames (i) , (ii) and ( iii) tlrcreuL �haU he acdited ��� su6eeyuent re.peeti�•e monthlY .,, � .
<br /> amounis of ihc samt na�urc tcquircd lo hc paid (I1fff11f1�ICL II any' xuch nmuunt eh�all r:ccrd ihc cslim:�le Uurefoq lhc Alortgagu� . ' �1 '
<br /> . �,� shall (orth�vilh p�y lo the Diuttgagcr Ihe omnunt oE .udi deficirnry upun wriucn nulirc I+r �hc Alortµs�;cr of thc nmeunt IherenL . �t,j '����� '�
<br /> Pailurc lo dn so bcforc thc due datc o( eurh amuunl shall Le an cvrnl of Jcl�ull undri Ihie �fotlFagc. f( �he mortFagcd prup� � �'
<br />� _,� � ecty is sold under (orcdosure or ia olherw�st acquirnl by fhe NoNMaltee, aflrr Jrfault hq the Dfurlgaµor, nny rrmaininK
<br /> balmce of U�c accumulations anJet Patagnph 7 (�) hareof, shell hc � reditcd W �hc pnncipil amuwd owing on Uic Nnic ss of 16e ;;3
<br />�'ri. , datt of mmmencemenl o( (orcdosurc rocecdin s fnr fhe mud •� ed p y 1 R P P >
<br /> � p R y, g pro art , or as �+f Ihc dalc Uu mnrl ;a al �o crl • is h � �
<br />�� othetw�iee ao acquitnl. �
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<br /> s � � e. The ImptovemenU and all plans and specifinlions d�crefer shall comply with all applicable municipal ordinancee, rrftu•
<br /> '� lutiuns. �nJ rules m�Jc or prumulgatcJ hp lawful euUieril�, and upon thcir a,mpk�ioa .hall i�omply Ihr�ea•i�l�.
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