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<br />81--
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<br />107378
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<br />The MOrf&agor in order more fully 10 prolecl Ihe securily of
<br />Ihis Mortgage, agrees:
<br />
<br />1. Thai he will pay Ihe indebtedness, as hereinbefore pro\'ided.
<br />Pri\-;lege is reserved 10 pay Ihe debt in whole or in part on any
<br />inslallment due dale.
<br />
<br />2. That. together \\ilh.,and in addilion 10. Ihe monthly
<br />pa)'Dlents of principal and interest payable under the terms of the
<br />note secured hereby, the Mortgagor ..ill pay to tlK: Mongagee.
<br />on the first day of each month until tlK: said note is fully paid.
<br />the follo..-;ng sums:
<br />
<br />(a) A sum equal to the ground rems. if an}'. ne.'<l due~ ~lus Ihe
<br />premiums lhat ..ill next berome due and pa)-able on policies of
<br />rue and other hazard iosura.n<< CO\-eriug tlK: mortgaged ptopnty.
<br />plus taxes and asses1.ments next due on the mGrtgaged p~('tl)'
<br />(all as estimated by me .\fon~<<) less all sums already paid
<br />lherefor di>ided by IlK: number of monlhs to elapsr before ODe
<br />(I) month prior 10 Ihe dale "beD sucb ground renlS. pumiums.
<br />taxes and asscs.smenlS "ill become delinquent. sudI sums 10 be
<br />held by Mortgagee in IlUSt 10 pa}' said ground KIllS, premiums.
<br />ta'les and special assessmenls; and
<br />
<br />(b) All pa}menlS mentioned in the pl'C<<diDg wbllmiioan
<br />of this paragraph and all pa)menlS 10 be made IlnlI<< am ImINe
<br />secured hereb}' shall be added logeahcr. arnd aile a:ggJr~te ~a
<br />tbarof shall be paid by the Mongagor earn IllllIl>mln in a ~~
<br />p.3)'lIlellt 10 be applied by line Mongagee ao the f~lIo...ing ulems iiml
<br />line order seI fonh:
<br />
<br />(I) ground ~C'ins. taxes. Mressmmts, fire ;md C'lOO 1hl:ac.mll
<br />insuranoe premiwns;
<br />
<br />(II) mleTes1l on Ibe ooae _oed B1>ettb}':
<br />
<br />(III) amonu.a1000 of lhe rriooip.al of saj,d OOJIIe: ;md
<br />
<br />(IV. lale dw-ges.
<br />
<br />Any deflCienc)' un Ihe ~1lI of 'lIlIldt .2U~~le l!mi(!;IIulnll}' JPQ\}"
<br />ment \hall. unle!.s malk good by the Moo~ ~ 10 ahe dllle
<br />elate (\f line nat weft pa)mtIlI. oOOIDIliluae ;m C\>eull of odltlfOllIlllUt
<br />uodcr Ihis mGltp,ge. TIne Moof,8gC'e mal' <OOil!loct a "!We ~..
<br />1101 10 ex<<oo fow- "'eIlts (.q;) foa- earn doiIlar (SI) olf earn pa)-.
<br />f\lC'nl more (han filio:cn (IS) W)'S in annn 113 OO\1N 1M au.. e,'!;.
<br />pense m,'Ol\'Cd in BuDdling ddimquml p3,)mmls.
<br />
<br />J. That if 1m lC'lal Qf Ihe p3,)mmIS nuM b)' lhe M~(~
<br />under (a) of p.JRg.lIpb 2 ~ shaD ~'I{<<OO Ihe :amomD1 or
<br />pa)mmts actually made by Ihe Mon~ foa- I!,roilIM mIllas. laU$
<br />and al.SessmeDts or insur_~ INcmiums. ;as aM <ease ma)' be. $1IKh
<br />extt!$. if Ibe loan is C\lfT(lIIl, allbe opdDoo of lhe M(lll~.
<br />shall be credi1ed b}' lbe Mon~ on wblequmt (Q)mmts u,~ be
<br />made b}' Ibe Mon~. (N' refuodC'd 10 Ibe MOll1~. If.
<br />ho...'C'\'U. lbe monthl)' p3,)mmlS m.\lIe b)' line l\IOII1r~ WlldIa
<br />(a) of p.uagaph 2 ~ sIWI DOl be sufficiml 10 ~)'
<br />!J'Ound renlS. la\es :and al.'SeS\mmIS (!II' inSltr~ JlftllDailmS, as
<br />(be case IRa)' b.-. ...hen Ihe $3JDe shaG ~ dU>e amd pa);a,~.
<br />linen line l\(ongagor shall pay 10 Ihe Mortpttt :an). OllIlUOWU
<br />ncttSSU)' 10 mal.;e up lhe ckrKitoC),. on or befOlle lbe.date ...t.m
<br />pa)-menl of such lUes, I!round KIllS, as1C$unetlts. (M' UUWaDoe
<br />premiums shall be due. If al :an)' ti~ lhe MOll~~ m&IllcOOtf
<br />10 Ihe Mongagee. itl aCCOfdanoe "'lIb the proulJIOOS of lhe oo~e
<br />S<<Ufed hereb)'. full pa)lllenl of line enlil~ indWlcdnes.$
<br />represmled lbe<<b)'. Ihe Mon8~ shall. in rompul~ lbe
<br />amount of such indebccdness, credil 10 Ihe aC\:OUDI of lbe Mon-
<br />gager any balance l1emaining in lhe funds ac-cumulaled UOO<< lbe
<br />pro\isions of (a) p31fapaph 2 beteoL If lbete shall .be ~ .xfauIt .
<br />under an)' nf line pm,isions nf Ihis mortgage resulting lD .. IKIb1k
<br />sale of Ihe prernilCS covered hereby. (\r if Ihe ~lon8~ ;Kquircs
<br />
<br />I
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<br />Ihe property otherwise after default, Ihe Mortgag~ shall apply.
<br />at Ihe lime of Ihe commencemenl of such proceedmgs. or at the
<br />lime Ihe property is otherwise acquired, Ihe balance Ihen rem~n.
<br />ing in the funds accumulated under (a) of paragraph ~ precedm~,
<br />as a credil againsl Ihe amount of principallhen remammg unpaId
<br />under said nOle.
<br />
<br />4. That Ihe Mortgagor ..ill pay ground renlS. la'!{es,
<br />assessments. ..-aler rales. and olher governmenlal or municipal
<br />charges. r~. or impositions. for which pro\ision bas not been
<br />made hereinbefnre, and in default thereof the Mnrtgage: may
<br />pay Ihe same; and Ihal the Mortgagor ",ill promplly deli\-et Ihe
<br />off'ldal re<<ipts lherefor 10 Ihe Mnrtgagee,
<br />
<br />5. The Mongagor ",ill pay a111a.'I{es which may be le\icd upon
<br />Ihe Mortgagee's inlerest in Slid real eslate and impro\-ements.
<br />and ",ilkh may be Ie\ied upon Ihis mortgage or the debt S<<U<<d
<br />hereb\' (bul onl)' 10 lhe e.'<lenl Ihat such is nol prohibiled by law
<br />and 001)' to lbe ulmt lhal such ",ill not male Ibis loan
<br />usurious), bul Cllduding any inrome ta.'I{. Stale or rederaJ, .1m.
<br />~ on Mortgagee. and ,,,,illlile the offlcial retttpt showmg
<br />s.mb 1!'1)'~1 wilh Ihe l\tOltgagtt. Upon ~iolation nf litis undu-
<br />lakiD.!. 0Jr if the l\I~ is prohibiled b). an)' law now ()I'
<br />lnneafaC1r e.tisting from pG}ing tire whek or an)' portion nf Ihe
<br />afOllc:Wd Ia.US. << upon the mtdering of an)' rowt deace p~
<br />bibnui~ able \1Q)mml b)' tbe Mortgagor nf an)' such IlUes. or If
<br />SUJ>Ch 1!Oll...' 01' drortt I!<<)\Nks that an}' amount SA) paid by the
<br />l\I(!lft~ man t!e a:<diued CD the rooftgage debt, the Mortgagee
<br />$.'r.:aIlU In:a.w the rigbu 10 !i\e ninety da}"S' wriUen nott..."e tn lhe
<br />O,",'iIIe1f olf tine 1IN!l!(j!;aged pamiBes. !requiring Ibe fl'l)menl of the
<br />1IlOOll1I~ odltllt. IIf m..-h OO1I!.oe be !i\m. the said debt shall
<br />l!e..'1(N!ULC dlllle. JPQ\)ablle and ~ib1!e at Ihe e,,'!{p€ntion of said
<br />~im>tll)' da}'S.
<br />
<br />6. TIn:!a ~d the M(!lftg;J.,~lI' If:ill to fl'l)' an)' sum 01" keep an)'
<br />OO\JelIIW1lI pro\iOOJI fl(ll!' fum Ib IlIIiOIl1Igage. then tllle M~" at
<br />ulS oa<pIliioo. mm;a)' pal' 01' p<<focm the ~. and :ill e.,pen<liIUf6 so
<br />~ \haillbe ~ tQ the pam.ii~ sum o..ing nn Ihe aoo\e
<br />lli>Olle. :YlnaiIIlhe 'l<<U~ 1Dweb)" and WIJ be'.u inlere;1 011 ahe rale
<br />'lIfIl foou!n In lhe ~ OO1Ie. lmaDn 11Wd.
<br />
<br />~. TinOllrllhe l\IOIl1I~ Inotveb)' a.'!.~~~. transfers and selS O\tt
<br />10 uk l\I~. 10 be a~ no..ald lbe i"l}mmll-of th<t n<<e
<br />amd :lIB wms ~ Innd~l' in QW o~ a defaull in the petfOl"-
<br />IlliWlW: olf BY o~ tine t6MS and ~1QGldiliioDS Qf lhis tn(Ifttqe 01" Ihe
<br />~ rnMe. aM the llCfllS. lC\elllll($ and ioctO~ 10 ~ d61\cd from
<br />t!be 1Ilil1IOO1~ ~ dw~ mdt t~:1.\ lbe 1IW41~ i1ll.
<br />dcbltcdml<el.s Wll rmWn UJII~. and dlle [\IC"Wff sh:&U bone
<br />piYlIl1N 113 a~1 ;&Ill)' q,enl << ;a~ls il IN)' d<Niroe f<< tbt pur-
<br />pooc of rqWiriD$ $Ud p.~ and of IftUm, Itt.e wne and rol.
<br />&NtinB lhe n:1lI1~. a~el1ue;, .md m.~. and it mal' pal' wt of
<br />said mromes :ill ~'-pm'\leS lltf rq!<liril!& said 1'Iftl1~S and nn~sa.t)'
<br />OOGDlmissiiocs amd ~\pm'\IeS iD.,"tmcd in I'ml~ and ~~ lite
<br />~ amd <If <OOI~'1li~ 1~1I11:ah Iherefl\.l(D; lhe ~'11(' IfaWning.
<br />if 3D)', U<l boe ;l~ a"v.ard lhe d.n.:b;u~ of saii.1 mualg;l!pe
<br />~~$.
<br />
<br />is. ThaI lhe l\IOllIP$'L"I ..iU1 bep lhe ImI'lQ'fmenlS 00\\ n.
<br />i1ti~ CK lDtte..fifr 6(\,'1led 00 lhe mon~ pIOpell)". insuled :1$
<br />mal' Iloe Ifquill/d fllOOl time 10 lime b)' lbe MOIIWff :!gains. ~
<br />b)' filol(' :and orhttt hu;uds. c-.uu.1Ill6 :md ronlingen.:i6 in SIKh
<br />:1IlIl<O>IDnas omd fOl" suda peti<Jds as IN)' be l.:quiled b)' Ih<!' MOll-
<br />I~ amd...ill pa)' paompd)'. "'Mn d~. an) I'lfmiunu on su.:h
<br />inswa.m:e prO\lUoo fill pa)~nl of ",hi.:b has oot l1<<n mad<!'
<br />herrinbefOtt. AU mWlaIKoe shall ~ emted in ......lml"lni<s aWfQ\',
<br />cd b)' the MOI(j!,I!ltt and lhe f'Q1i.:i6 and lelle'liils thereof sball
<br />lJ,e heM by line MIlIIg,3gtt and b.nol(' alla.:hN therd" kY-!.$ ~)3b!e
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<br />HtJO.9Z t 43M-l
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