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87100981
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Last modified
10/19/2011 2:25:42 AM
Creation date
3/27/2008 1:59:00 PM
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DEEDS
Inst Number
87100981
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87-- iomi <br />made shah be added to the principal sum owing on the above l <br />lit. That the Mortgagor will keep the buildings upon said <br />note, shall be secured hereby, and shall bear interest at the rate p <br />pre -;-es =n good i�ir, and neither commit no permit caste <br />set forth to the said note, until paid. u <br />upon said hand_ nor suffer the said premises to be used for any <br />untawfut purpose. - - <br />%. That the Mortgagor hereby assigns, transfers and sets over _ <br />to the Mortgagee, to be applied toward the payment of the note 1 <br />11. That if the premises, yr any part thereof, be condemned <br />and all sums secured hereby in case of a default in the perfor - u <br />under the power of eminent domain, or acquired for a Public <br />mance of any of the terms and conditions of this mortgage or the u <br />use. the damages awarded, the proceeds for the taking of. or the <br />said note, ali the rents, revenues and income to be derived from c <br />consideration for such acquisition, to the extent of the fun <br />the mortgaged premises during such time as the mortgage in- a <br />articlum of indebtedness upon this mortgage and the note wh" it <br />debtedness shall remain unpaid, .md the Mortgagee shall have i <br />is given to secure remaining unpaid, are hereby assigned 6y the <br />power to appoint any agent or agents it may desire for the put: A <br />Aiortgagm to the Mortgagee. and shall be paid forthwith to said <br />pose of repairing said premises and of renting the same and col-' M <br />Mortgagee to be applied by the lacer on account of the text <br />jeering the rents, revenues and income, and it may pay out of m <br />maturins insta#lmrnts of such indebtedness. <br />said ineomes.all expenses of repairing said premises and necessary <br />tommissiorts and expenses incurred in renting and managing the 1 <br />12. 712C Mortgagor further agrees that should this mortgage, <br />same and of collecting rentals therefrom. the balance remaining, ' a <br />and be note secured hereby :tot be eligible for insurance under <br />if any, to be applied toward the discharge of said moitg'xe S <br />She fNamioasl Housing Act within 60 days <br />indebtedness. ( <br />(rote the date hereof (urritten siattemeat of ay offiicer of "he <br />Depintmatit of Housing and Urban tkvtlopment or authorized <br />8. That the Mortgagor will keep;the improvements now ex- t <br />t dw fiats of, Housing and urban- Devekwaiem dated <br />)sthi€ or hereafter erected on the mortgaged properly, insured as r <br />rr hays da;-s' time fr-am the date: <br />may be required from time to bate by the Mortgagee against � <br />* ' to inturc said note erect the mortgage., <br />amounts and for such periods as may be required by the Mort :, d <br />deemed O C1m5rt! proof of such tndrgtbtht -) the Nor- <br />' ' <br />Saga atu€ will Pay promptly, wheat due, any premiums 'on such o <br />or holder of the note may, an its Option, dedare erg �S <br />sIISUrancx: pFOVUnon for payment of which has not item made g <br />gyred f <br />Iterentbefrnt. All tasurance shall be .carried tr - Mlianies ap- <br />rov eed by the Mottgagee and the pofit xs atvd rtIIewals thereof i <br />ii_ T tf the � fails to mate. arty paymeras. of <br />shall be beer t+Y the v2errtga88tt and hater attaches! thereto = <br />=woe± tai the same become due, o€ fails to confirm to ate <br />jpayable clauses in favor of and in form ac�le to the Mot- y <br />y viitn' ' of � conditions or agreements ffi <br />tgagte. In event of loss Mortgagor will give irnntadiate narirt Lvc . - <br />-: su t note ihich it secures, than dtr eta€+re pea <br />'. t9 !lit Hortgagex, who rnaY matt proof" of 1i3s5 if not trniile f <br />f :"lR'nt ai56 'int77ied- terC5t sltatli at L1nCG i <br />"pule by Mortgagor, and each insurance :ompany cooce n d p <br />pa , am the Clam on of the tiftvrTgagee and #has � <br />is hereby- authorized and directed to make payineat- for such us& t <br />the rtru be fintedmed immediately for the whole of said <br />directly` to the Mortgagee instead of to the Mor4agor and the <br />money- fitly" i� =ifs• > `� ' <br />' <br />mortgagee Jointly, and the insurance procr:ls. yr am pan a <br />- 67� 'the time of entatg.s�..: ix €aredc a semi: and at J <br />Jl .: <br />Jl <br />;I'lie reduction $f the_tndebtedsess -hereby secured or to the t <br />tieti'S'to, A o wbich sW be included in the <br />
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