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87104550
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87104550
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Last modified
10/19/2011 10:39:33 AM
Creation date
3/27/2008 2:37:48 PM
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DEEDS
Inst Number
87104550
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The to orlksr mom to grs"M OW Winarov of <br />1, That he will pay the uKkbicslness, as hereinhcfore provided. <br />Privitesg is revefvecl to fray the debt in whole of in part an any <br />inatallt due date. <br />(Ili) utteTm on the mote secured hereby; <br />(IV) arsiontmicin of the principal of said [tote, and <br />tV) lie charges. <br />Any deficiency in the amount of such aggregate monthly pay- <br />miral unsiciss made Sood by the Mortgagor prior to the due <br />e of the next such payment, constitute an event of default <br />undef this mortgW. The Mortgagee may collect a "late charge.' <br />no to exceed fow cms (49) for each dollar f51) of each say <br />i. 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 hercinbcfore, 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 />S. The Mortgagor will pay all taxes which may be levied upon <br />the Mortgagee's 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 loaf► <br />usurious), but excluding any income tax, State or Federal, inn• <br />posed on Mortgagee, and will file the official receipt showing <br />such payment with the Mongisgec. 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, at 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 />Mott or shall be credited on the mortgage debt, the Mort <br />shill 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 he given, the said debt shall <br />become due, payable and collectible at the expiration of said <br />ninety days. <br />b. 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 saute, and all expenditures so <br />Pap 2 of d <br />a <br />R <br />
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