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87102724
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87102724
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Last modified
10/19/2011 6:13:16 AM
Creation date
3/27/2008 2:16:01 PM
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DEEDS
Inst Number
87102724
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F� <br />4. That the Mortgagor will pay ground rents, taxes, <br />assessments, water rates, and other governmental or municipal <br />charges, fines, or impositions, for which provision has not been <br />made hereinbefore, and in default thereof the Mortgagee may <br />pay the same; and that the Mortgagor will promptly deliver the <br />official receipts therefor to the Mortgagee. <br />g. The Mortgagor will pay all taxes which may be levied upon <br />the Mortgagee% interest in said real estate and improvements, <br />and which may be levied upon this mortgage or the debt secured <br />hereby (but only to the extent that such is not prohibited by law <br />and only to the extent that such will not make this loan <br />usurious), but excluding any income tax. State or Federal, im- <br />posed on Mortgagee, and will file the official receipt showing <br />such payment with the Mortgagee. Upon violation of this under- <br />taking, or if the Mortgagor is prohibited by any law now or <br />hereafter existing from paying the whole or any portion of the <br />aforesaid taxes, or upon the rendering of any court decree pro- <br />hibiting the payment by the Mortgagor of any such taxes, or if <br />such law or decree provides that any amount so paid by the <br />Mortgagor shalt be credited on the mortgage debt, the Mortgagee <br />shall have the right to give ninety days' written notice to the <br />owner of the mortgaged premises, requiring the payment of the <br />mortgage debt. If such notice be given, the said debt shall <br />become due, payable and collectible at the expiration of said <br />ninety days. <br />6. That should the Mortgagor fail to pay any sum or keep any <br />covenant provided for in this mortgage, then the Mortgagee, at <br />its option, may pay or perform the same, and all expenditures so <br />Pago 2 of 4. <br />9 <br />a <br />W <br />
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