|
_ _ __ : .. , . .
<br /> a .t > >�c.��, �c.�t�i��r �"� .S;.e� � .i;,`.:r':- i4..>� . . , ,� n,
<br /> �.,R� ?.a;r...`_ tr> .'m's. .v ��t;,. .�,+�,..'-��.'f•tik>C7+t+elioX►$`-'Yaiiastv�'��:�f:Ti�}�. Ykn._:k:.b
<br /> — S��l � '�� 't 'J`�i __ i - 7� S "� 't- F'w �.. 4•^�?�.....� Y..
<br /> :� {�����1����3`�` , `R..�i.t��,f.��e�`"��:��."�ML�Yii:`��5y�c F.,£y�+.�:r;,:.`�`,Rr,� c :t L �, - - T — -�
<br /> -�a&1 � �x�� '=.dfwi� 1K�'..�mi�r`wY"�'"'^�.�+:+y� ` -�S
<br /> '-...._'__"_ � - ' �
<br /> _ � .
<br /> 1 \
<br /> ' ' AA^
<br /> ��A.'�� 1
<br /> - -- -----.----------= - �, 9�-------�-.�� - �
<br /> Barrower�nd l.endee coveean�and ag�ee u faUows: or�f the Lender acqmues the property otherwise altcr default,the
<br /> � Lender shap appiy,at the time ot the commencernent of auch
<br /> t.That Rw.rower wi[t pay the irdebtedness,as here+nbe[are prc�eedings�ur ae the time the property is othrrw+se acq��ired,the
<br /> - provided.Privitegc is reserved ta Ray ihe debt in whotc or in�art nn balance�he�i remai�ing in the funds ac�umulated under(a)of
<br /> - any instaliment daE date. paragraph 2 preceding.as a��redit�gainst tt�e amc�unt of principsl
<br /> • then remaining unpaid under said rtote. ,
<br /> 2.That,together with,anc�in additeon to,the manthly Qayments
<br /> of princitrai and interest payabte under the terms of the note seccred 4.That the Borrower wilt pay ground rents,Eaxes,assessments,
<br /> hereby,the Borrower will pay to the Lender,on the 6rst day of each water rates,and othe�govemmenta!or municipal charges,fines,or
<br /> montb until the said note is fuUy paid,the following sums: impositions.for which pravuion has not bcen made herei�before.
<br /> and in default thereof the Lender may pay the same:and that the
<br /> (a)A sum equal to ttie graand renis,if any,next due,plas the Borrower will prompUy deliver the offcial receipts therefor to the
<br /> premiuRSS that will next become due and payabtc on policies of fire LertQer.
<br /> and ather ttazard insurance covering the property.plus taxes and
<br /> assessments next due on the propeny 1a!!as estinratert by the Lender) 5.The Borrawer wilt pay all taxes which may be tevied upon the
<br /> less aU sums already paid therefor dic:ded by the number of manchs Len�r's interest in said real estate and improvements,and which
<br /> to elap�e before o�e(t)month prior.o the date wt�en sucb g:crurri may te tevied upon this instrument or the debt seca:ed hereby(but
<br /> rents,premiums,taxes and�ssessc�er:ts wilt becar�dr�i�.��:rt�n;�h onty to the exient that such is not prohibited by law and only to the
<br /> sams to be held by Lender in trusi ta pay sai�gra«�re.��. eztent that such will not rr�ake this lean usurious?.but exduding any
<br /> premiums,taxes and speciai assess�;��t��:d inwme tax,State or Federal,i�n�ase�E on L.r,�rfer.aad will fite the '
<br /> (b)All payments mentioned in tF.e p�ueding subsection of tE��.� official receipt sho�ving such pay�rr,ertt with the f�c:der.Upon
<br /> Raragraph�nci all payments to be made under thc•r.r��a secured ��oiation of this undertaking,or if the Sarruwer is prohibited by any
<br /> hereby shsll be added together,and the aggreLat:�..��:�t thereof �aW now or hereafter esisting fraRr paying the whole or any portion
<br /> shaH be paid by the Bosrowev each rr�or.�h;n a s��~(4:.�ayr:�er.t tQ be of the aforesaid taxes,or upon the rendering of any coun decree
<br /> appiied by the Lender to the fo1loK�ir�?it�ms in the e-��r se�f«rtn: prohibiting thc payment by the Borrower of any such taxes,or if
<br /> such law ar decree provides that any amount so paid by the
<br /> (i)�ec��d rents,taxes,assessmen��,fire and other hazard ia<�:.r- �nower shai!6e credited on che debt,the Lertder shall have the
<br /> � artce��:iums; , right to give nine3y day.s written rsatice to the a'Q r.er of the premises.
<br /> requiring the payment of the debt. I€such no�ic�ee given,the�id
<br />_ (If)i!-:;�est on the r.ce:�ecured h.ereby: debt sha11 become due,payable acrd wlleeaEfe as:tite eapiratian of
<br /> pl[)a:�ortization of the priacira6 cf said note;ar.d
<br /> said ninety days. � •
<br /> (IV)late charges. 6. That shanld the Barrower fai!to pay any sum or keep any
<br /> coveoant provided for in this instr.�cr.nt,then the Lender,at iu
<br /> Any deficiency in the a�:aur.t of sw�h aggregate^:anthly payment option,may pay or perform the sz.a::,and all expenditures so made ;
<br /> shall,unless made goad by the Borr;,a�r prior to the due date e°:he shall be added to the principal sum owing on the said note,shall •
<br /> next such payment,wnstitute an e:er�of default under this be secured hereby.and shall bear iaterest at ttie r te set fonh in the ,
<br /> mortgage.7'he Lertder may coliect a "late cha�ge"not to exceed f��r said note,until paid. �
<br /> cents(4¢)for each dallar(S I)of each payment more than fifteen �
<br /> (1 S)days in arrears ta cover the extra expease invofved in 6andlin� 7. That the Borrawer hereby assigns,tramfers and sets over to the
<br /> delinquent payments. Lender,to be applied toward the payment of the nor�and all sums =_
<br /> secured hereby in case af a default in the performance of any of the
<br /> - 3. That if the total of the payme�zt�made by the Borrower ucusr �erms and wnditic.�s of this instrument or the said aote.aU the renu,
<br /> (a)of paragraph 2 prea:eding shall ek:ce:d the amount of payrr,ecz� revenues and incorsie to be derived fcom the said premises during
<br /> actually made by the l.ender for grou::d renu.���ccK and assess:�._ats such i^e as the indebtedness shall remain unpaid.and the Lender '
<br /> or insurance premium:�,as the case crcay be,s�cti es�.ess,if the I�;an iti shal(G;�:e power to appoint any agent or agents it may desire for the �
<br /> current,at the aptiors c5 the Borrau�*,st�all be credited by tE-e purpose of repairing said premises and of renr�r4 the same and ,
<br /> Lender���::sbsec�uent �ayments to�e made by the&�rrower,��r ��►ecting the renGs,revenues and inc:wme,and�:may pay out of said � . .
<br /> refunded��:::�araa�er.If,however,the monthly paymenu r..zde ineomcs all expenses of repairing said premises and necessary ' �`�
<br /> b the Borr�wer ur.dcr ta)c�i ara ra h 2 recediag shall nat be �
<br /> y P 6 P P r.�;m Trssianti and expenscs incurred in renting and managing the ��,yN' ,
<br /> sufficient to�ay Eround rents,taxes and assessmenu or insurance Same and of callec�ing rentats therefrom:the Unlance remaining,if
<br /> premiucr�s..,,s��he c�-se may he,when the same shall become due z^� any,tu tx applied toward the discharge of said indebtedness. � �
<br /> payable.�:��7 the Borrower shall pay to thc l.ender any amnunt ' �
<br /> necessary tc�make up the de6ciency.on��r bcfore thc date whcr+ 8.That thc B�rrower will keep�he improvements now existing or '
<br /> - payment of sucb ground rents,taxes,asscssments,ur msurance hereafter erectcd on the pruperty. insured as may be required from
<br /> premiums shatl be due.lf at any timc the Bonowcr shall tendcr cu ��me to time by the Lender agairttt loss by firc and other hazards.
<br /> the I.ender.in accardance with the provisions of the nnte securcd �;asualties and cantir.geac:es m s;,ch amounts and for such periads as
<br /> hereby. !'utl payment oi the entire ir�:i�tedness represcnted thcrcby, may be requircd b,+:ci-�t�:rtdcr and will pay p.*omptly.when due,
<br /> the Ler_�r shall.in cvmpating the•�cn��unt of such indebtednes.G, any premiums an sl;,h i�surance,provisio:�for payment of which
<br /> _ credit ta the account of the Bnrrower any balance remaining ia.i'.�e has not bcen made[:ereinbefore. A11 insura^ce shall he catried in
<br /> funds ac:c:umulated ur�r thc provision�of(a)uf paragraph 2 hercof. �ampanics appruvcd by the l.ertde�sn�the policies and rercwals
<br /> � If there shall be a d:fwc::under any oF the provis:J!:'.�f�his therco(shall be he1�by the t,en,�',�r znd have attaeFed therc.c�!�,ss
<br /> instrument res;�lt:rb i:,a pablic sale of the premises cc�vered t;creby, payable clauses in far�r of an�c^ ::,rm acceptwt�':io the Le��er.ln
<br /> .�i '�°a �
<br /> .t�:��' �
<br /> � - -.- � pagP��ot 5 ^ H61D•92Ya307�t
<br /> " � .� :
<br /> ' , .� �; . 4. « ;'_ ___-
<br /> �
<br /> — I .
<br /> _._ Y
<br /> � � • � J
<br /> � . ���
<br /> .. r �
<br /> � .. � ,
<br /> a:
<br /> r�.
<br /> r �.
<br /> �`i� � �
<br /> �}! '.
<br /> i•�y.'-•
<br /> .�t:.�.�� .
<br /> .r;,.
<br />
|