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Ill us due laic Tile L,o
<br />With fuwil, ?o I a% Uch F. . 011wiI:L;I�, —ton !I' .,; let ;,I pl,; ',:Je '..IJI
<br />flotl,uw i'ld I It'll, OUilklant !.� lh'.
<br />B6-102154 'hel'uIla
<br />le.,
<br />11) It' and to long as said note of ev,,ij date and This mstimilellt ale lic?d lip he sc,tetary of 11"Il.$11112 aIltl
<br />Urban Dovelopitieril. a nionthly charge "it, hei, ,fa
<br />amount equal to one-twelfth ( 1 1,11 2) of olw-halt ( if-1) per Centulln of the average
<br />due on 1110 note COMPIlted Without Taking into account delinolleficles of ffellayineWs:
<br />(b) A sum equal to the ground rents. if any, next due, plus the prenuctins that will next become dne and I'd) Aflc
<br />policies of Ciro and other hazard insurance c,-verting Ow mortgaged pioliertN , plus taxes and assessments nexi
<br />oil the rTlt)TlgdgCLI property !all as (vilinawd liv ;ht, ;cl�s all soll-is ahea,iv paid Ihc,i:toI divided hi, ill,:
<br />number of months to elapse before one month prior ill tile date when such round rent,, ineinjums
<br />assewnents will become delinquent, such sums I
<br />olit"115, taxes and special assessments; arid III he ilel,j 1)). s, :n�fld groull", Icni'. pr"'.
<br />shall be added together, ilud �!:C li"'regalC Shall lie paid I)%, III,' NjoJjL1jej?j
<br />the note severed hereby (c) All payments mentioned in the two plecedillp sllhsc,r!'Ifis ,I tills "'old all Ili) "'Cut TO hIC Mad;� Ullde:
<br />each month TIT a single IMY'llefli to he applied 1), :i;; %4,)rtg3ti to ti,e ITT
<br />Ple-juni charges under iliecontrzict of initliall,:t: %s ,Ill [lie SeCrOily ui liouana and
<br />LIT inolillill, charge (in llrelt !)/ M,,rtgqec :1j,? case be:
<br />(11) gi ound iej�ts. taxes. a'Ossnlcnls. !ire and 'Ith,q Ilala;d insurance
<br />(111) interest on the noic secured Ilerchv- and
<br />(IV) amortization of the principal of said note.
<br />Any deficiency in the 3nioun! daliy such at"i"tegale lill,110IN pavn,ert 'hall. illijess made good "t, 'fit' Nl,);!
<br />gagol prior to the (tile date of the 11cm such pat.-Inc!'i, ccClll of J01dilil 011,!e;
<br />Mortgagee ma) collect a *,late clljrge,, n(j( TIT ,:CrC.j j_ littil,11 j��
<br />11'311 fji'tecn (IS) 0:;.s ill a.-rears I,, ovo.r ji)e .,xt?:) e\j, . I I'A ach pa�m,_W nol."
<br />llalldlin, dellulpleill pay 111cills.
<br />3 - That if file total of the payment- made by ',fit, Nlorilvalvir tinder , . of parauraph -, pfec.,diolz hall exceed
<br />the amount of payments virivints actually inadv bN fill- Mort2agev for _round rent -. taxv- ;uld 11alvni- or illsUrJUICV pre-
<br />miums. as the case, mac Ile, sul"ll excess, if the loan Is current, it the option of tile shall Ile Li-luditcli be
<br />the Mortgaillev on sub"cluvrit payment= to he mildl. 1, 1114, lilort,_,agor. or refunded it) the th,j;,,a,,or tf. hov +e'er. Tile'
<br />-ionthls payments made by the Morigagor under ift,; of paragraph precc-ding shall not fie sufficient 10 DiV
<br />rent. (axt— and a� `�v,snwnts or ill-urance prendunn-. al� ill(. va-,� Tra% he Mhen thi• -:Inl(, -hal I fit.colrw grouliki
<br />du,� ;uld I)a%-
<br />able then the Nlortgagor -half psi Tit the lforti_�itvlve ane amount nevIl—ar-% I;) ma.,(, Ilp the dvficion,t, on l,I before
<br />(Ili- date %%hen payment of stjcli rent -. last-, zjs -V- sFlllvjll= Or ill-urillit I' pwilliurn- -Jla'l he due. N :11 alli.
<br />time the Mortgagor -ball tender 10 IllV 111) rl 111a gev. :!I acrordanuv :Tilt ilit. plo%i-illit I
<br />full payment if t1le I — of the note �vcured jl(�i7vb-,.
<br />entire ind•ljtednv�, rviarf--vitted thereby, the 11orl ,hall. in (•junittitiul', the ::mourn 1 If
<br />Indebtedness, credit to the account of (Ile Pdorigagor all p' n till
<br />vinctits made under ific, provisions of of paragraph 2
<br />hereof i0iivil the Mortgagev hat, not become obligated to piiiiy to the N,crviar% of llokl-iflg and t iban De clopit-lic-Ilt
<br />and an% balance remulinina in the funds -It-limulal-I under the pros ision- of 0,01 of ji:ir;tgraph 2 hereof. If !here
<br />shall he a default under !in% of lhl• PrO%il -inn, of this Plorl-va-ve resullilil, TIT a Public 'ale of It-- prvrnr-v- ( w.ewd
<br />hereby'. v. or if the Mortgal-ve'acquiros Ille pro1wrli, ollivi-NNi-v after default. the Mortgagee -hall 'ap
<br />, III,_ a[ the limo of
<br />the commencement of such priniveding,, or at th't, lime the propertN i- iahvrIti-v at-quilvd. ii1c !hen vv.m.iin-
<br />ing in the funds accumulated juld,iq of j)jra,-,ra;)It 2 lirt•t erint, a- 1 !w 011. 0101,1111 ol - Millis ipal
<br />remaining unpaid under -aid note. and .1dju-1 'hi'li hid! bane mt It
<br />of paragraph 2. il ritclVi
<br />4. Thai The \lorig"gor alit pad cl,,alld ;Cllll. IzAel, rate,. an,I ,',the ; 1-10"CrIMICn61; "r
<br />charges. tine,. or iinpo,inon,. !,,, "1101 Pli-6,ion hil, no! roe—n ni.,de liercint-cl,,r•. hen,of the
<br />paq The sanie. and that the Mo-,igago; 'kill pr"PIP11. !e!i\ er the on rcccull, :here. • ! II
<br />-lie Mortgagor %,.ill pit% III
<br />�;. I . I io.c, l, hJ'A I ;;I;,,, t,c I, •A eql,•n I he Vo I! l::IL!eC I III I C I LI I III .;!,I I C,I :ate :rid jjjlpr,), c-
<br />n;cnt,. and t%Ituch mak he lc\ied upon Ihi, Tn,,i!L!;!j!c a.r the deb! e,-mc,l ti,lij 0!" '11,1! 1, not Pi oh I hl I
<br />ed by 1;1%% and onli. to the extent that such %,;Il not Ill"kc !III, lozin hill .,nil Income t;i,,. '4,4tc IT f cdcr:ll.
<br />irupo,od on Mortgagee. ;ttlj %%,I! tile tile 1101LAill tC1:CIOj lIjtl1,jjjL1 (I,ll pa, tat Tj ,Ijjj the \1(,IIL.:
<br />taking. or ifthe Mortga�oi I, prolt;ii,ticd h% an% i4ec t Poll !olallov If Till' 'inde, -
<br />Io%% III hcic.,IILr 'forn !llt: 1 OIL,
<br />,aid Uaw'. or upon the relloc! Ing, of a "Our! de,,!cc Plobli•llmiz the ;!_I� n1cw i�s 1he "lol !"!;,vor or
<br />or decree provides (bill an% injouril .I J'-nd 11t Ilk NIM lg;Igol •h,til 1-c eie,fi!cd olio ;tic !nc \1(,• tcil
<br />the right to gi%e rlinci) I,j% * %Iljjcft ll,.I,cL to Tile o., ,cc Il:Ill iia�e
<br />knel If 1h, Ctt;l1ring, file Pa.k.11evi o Oic ,?tell gage
<br />debt, lf,uch notice ht I:i%cn. Tie ,sod dept h""Illedtic. ;,:I%aNlz. 'jnd,:olIeCIiMe:!F Inc "I'd IMM' dolt
<br />6. that should Ile fail 11, paN any ju-ni nr keep am fill in this then lh,,
<br />lion. Ina paf or perform [tic and :Ill c,,pendtiure, o hcdl he add— Ill tile III In'T"; ILIT11 o%, Ing I'll the aho% C note,
<br />'11.211 be secured hereby, and all heart interest a the rule let TlIrlft In tile law (lo• until P'.1,;
<br />7. J hill he hot chk a,,agn,. jr;lll,fei , mid let, ", 11 10 the M"T t'I he LI;';`!'j the 1',I% Hi'l't !If tits' note ;111,1 I!j
<br />surntl securet! hereh% Ill t:.,,c of I j.A"L,!T .11 the ,I lo , I! Ifi• lc:mN and 't !hls %ioIIL;aLzv "I !Ile ";!d
<br />note. all (he rent,. rv% critic, ind ink:onic I- I,,- defiN cd from :tic -no, tg,Ij:e,! pienj'j,v, it, I, Inns I
<br />ness Shall remain unpaid: .,Ili the %ule,tLee ,hall bake e I tic � � file niortgi,pv
<br />it ;t rn�r� IC,i!C Isar Tile 1111flIO'c Of
<br />repairing sad pienji,v, tid of reoll;IL: the ' "!ill' and C1111"Iti'19 ;Ile ;CI)i'. ICI CIILIL' tlld I;I10?Ac, an,! it 'n.;% ;,:,k ,!o of :d in-
<br />comes all expenses of repairing laid ;'reiiii,cs Tit IT! i :i;d h•
<br />same and of :o1le,�tim, rcliv.;, lIi,;viw file Tell, llilti_ it 'it, 0, ,If
<br />indchtednes,.
<br />R. Thal he will keep file Impro, hv,!f1cl vropcii%
<br />required front Time I(, Time !-% file Mortilacce g,ww 4 i,\ !j!c Inj other ij;I/.;
<br />'I'il-lilk" Illd 1I)ilIlngCiI1jc1 Ij I!,J!
<br />amount, iniount, and for N.,ch pclio,l, .11 Milt, he 1equilvdI I'\ if),' %loill ievc 'Ind oil! rat I'lonipi• , . %kllc,l 'i"C' ;It]\ '11::1114011 IM 14,_Il
<br />insurance provision for N% "'en' :'f %'601 fl.1' '1-1 bVL111 iwiellibefoli, \P iii'man,:c he _riwd Ill , wlip;,;lle,
<br />proved hS the Mortgagee acid file p0110c, And rc aeu dl, 11w;".ol I,,• laid I'\ lk %Iollc;,P,. -nd h..". t[I-h'-d
<br />pa�ahle clause, in of ;rl,l if, fa rill a,L:cI)j.jj,ic 14, r,,e %I, ; ,
<br />'ItIi� it!cc hi If
<br />inad to the Mortgagee, \,Jjo )1,1% 11.1kv q io !wl 'Ti,,dv IvImq,o, I,,
<br />k:e r I led I tic I e 1, y it t I t hof I / ed ; Ind '! I I I d l I n k 1. -7
<br />and the %Jorltiagvc loi,,tjl, �nkj III, ;,!_ qvil
<br />OIL Al
<br />' the, Pvchli lion of Ific tn'lerl!"II,
<br />,Iurc of Till, !v,triv,,u, a
<br />-41 119111 Illit. :oILI 11111t,11 .,I fill
<br />11 IT,, io'z qo'l
<br />niorrg,ig,- the Mwtv,wo, hc'01% rI" c
<br />p
<br />I tic ill 1. 1 ne • d,1 •11 111, 1&11.
<br />
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