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86 102691
<br />sf ii., l te^etr . tic -nremsr- r- „rnrde -xepreri�ranei, kreaaer
<br />-------- u- PaY+- fu►s1,.s.cr.cara .stu+uswgi 1:.�aw il.wkipnawsrtwwww:.wskP
<br />-------- dvaeis+uhil'ovu+tr tke No 111K.Oded, mid appigiciefole keptirlatmm tit eeermd -.. or------------------
<br />--4H ►---- if-stb se ionllf as site nele- e1:evell dove mid itiviiii 31tolitirivent-Wr4taiiii-tili-tilime fieereettrrviiotion it ret
<br />--------- ieban- Bereiopmenrrrrmeneirir elimpt i61-berert * ware 11maimire rrrnfrnrt tool ncA vita” i e-miatt•
<br />--- ----- Nner+N- ostlttitF ss me 1 w }i P,I Oe U I -yF moiew hill Weinee
<br />- - ^-- -- direr►MMertstese - iihn"rteir1, 1 in Ott Item - -- ---- -- -- --
<br />(a) (10 A roan equal to the ground rents, tf any, next due, plus the p :eln um, that will next become due and payable on
<br />policies of fire and other k• azard insuranet covering the mortf -wJ properto :. plus taxes and assessments next due
<br />on the mortgaged property !ell as es:irrtarerr hi the Mite ;gore- -! .ors all swr. :,!read} paid therefor divided by the
<br />number of months to elapse before one month prior to the date w #:en such ground rents, premiums, taxes and
<br />assessments will become delinquent, such sums to be heid b. Mortgagee in trust to pay said ground rents, pre-
<br />miums, taxes and special aauswrtents; and
<br />(h) I:1Q All payments mentioned in the two preceding subsections tins•paragraph and all payments to be made under
<br />the note secured hereby shall be added tovther. and 9,e act: °eat, ,hall lsc pit!,] bs the Mortgagor
<br />each mor:th in a single payment to he applied by the Mur!gag?e t•• the `oil, *.vin ,tetn> tin ;hr ic! fnrAl
<br />- -44- -- Mee -car teereet *N�nwrnx!c'r, «« i
<br />--------- orrmmHirrk3i5Cfrafrerrnjpoll, etrrnrnmrcr,^•- rem+ r- terrf ^- a:e- +tmrhr--- -- ---- --- -- - - ---
<br />(I) W ground rents, taxes, assessments, fire and u :hcr ,tatarJ :r,,,: mi:,ms,
<br />(II) W m1crest on the note secured hereby, and
<br />(III) IM arnortuahon c,t the prmcipai of satd note
<br />Any deficiency in the a;nnunt of ae., such o f :< un;css m itac good by the Mott -
<br />gagor prior to the dui ..rte ,11 the next suet: pa,,cA;y;! ±: •, , . „,, . ,, drtan!t under :Inc tin„ ;gage The
<br />Mortgagee may cohe.I a •'late charge" no; TO exceed tt,u; ccmfs tw! !or each dc>ll:r (S! i o(e ch pax inept more
<br />than fifteen ( I ti) d»ts it, urrcar4 l . roses MI' e .tf1 exix m„ irv; ve in handlin;• dellliquent payments.
<br />Thu( if the total of rho payment- rr.,dt to% ;ht x!c,rttte:,n• ;rdcr(�)„! .ra¢raph 'e preceding hall ,xc-e(.d
<br />the amount of payment- ac-tualls mach• h} fit,, 1lnniat,ea roc t ,rind rear -, tali'- said ;es- es -ment- or in= urancr pre-
<br />miums, as the case may be. SbPi! excess, if (tit: 1-, to t', current, at the ,tp,,,i,: ,I the Slortgagor. shall ix credited by
<br />the Mortgagee on - ub- equent payment- to 1w rooff c hi tht yin rt_a :i ,r refunded to the llortgagur If, howexer. the
<br />monthlx payment.- ina(k by the Morfl:,igor undt.- i Ili pa f *iph prctI. tiv I not he sufficient to pay ground
<br />rent. taxe- and 2--staissmenis or m- urailve premium, a- the ca -e m;r, fit, :,hen the -ame ,hall become due and pay-
<br />able. then the M1rortgrtgor .hall pax fu lti,• llorti,,.aLee anx amount net -dn to make up the deficiency, on or before
<br />the date when payment of such Lmund rent -. taxe -. a -so- .Ament- (or ui- nrarice premiums shall be due. If at anx
<br />time the Mortgagor shall tender to the xfort1ar,'o•. to accordance wilt; the pro,i -ion- of the note secured hetonbx,
<br />full payment of the entire indebtedne -- mpre= cnteti thetrhs, the llortgacer, -hall, in computing the amount of such
<br />indebtedness, credit to the account of tote Mortgagor elti f+ey!er�(t.tin(u(ir (mtiee eNr ewisiewscaf.ri �L{t�r raplt i_
<br />hotog"IL"hieh 4411 il( xe�: elrrrera+ �tett{ xri. m.- ebi+rasrAterpartvtfi�- rrrrtarr??�iirw�rrsr -.�rdi= rtnar-iieseft>Fmrem--
<br />a"any balance remaining in the fund- : +•.cu•ndiazed unti,•r tit.• provt -inn- of(�fof paragraph 2 hereof. If there
<br />shall be a default under any of tho pro.i -wr,- „! in!- morttt.t :t• re -alone tin .r public -ale of the premi -es coxered
<br />hereby. or if the Mortgagee acquire, the proporit oth,•r,,,,,• ,tfi.•t d( fault- the xlimaagee •ball appix. at the time of
<br />the commencement of -uch pruIlt. +l ttr a, the rim,• the propert, :- oiherx,t-o• acquired• the halanco then iematm
<br />Ing in the fund - arcumulato-u undo, `x ,it p irapr,;ph : lint., .•.!tr•�..I- .. t rudi t agarn -t ;he amount of principal then
<br />remaining unpaid under -aid not,•.- wst.kii 1u ,Y. i�..iy.; -r » wr{ ti ,+wra-- .1 ».1..wrlibawbatwa,ad. d,.c, a+ --
<br />peeegrrapio• -2-
<br />that the Mortgagor „ill r.,, c,Fund rcn!. ... ., „c' ^tt n:, ,,.,IC r,ac, no .'•nccr goxcrnmenia% Jr rrlunlcip.al
<br />charge,. fine or ,ntpocn,t,r.,. for uht„ pr;,,rnu.n lip, nv, t,ccr cia,ic htrr :i "e! „te end to dct;a!h thrrco( the 1lnngagce ma}
<br />pay the carne n!tt; that the Mortgagor u,i' lnlp,;, de ,,et the „rii, - :.. rr „,r!• ihercl- i., the Mortgagee
<br />s the 11,irtgagt,r uitl r,,a all Lice, which m. •. t C te.u•.: up,,n fns tf,•rtg.: tic , mires, in card teal estate and ,mpmxc
<br />menu. and w hich mo,i he Y, icd wren !his mortgage it the de' -•. ,e,nrc,1 hc•e•h, ,hut •nit% t, the extent that -uch !, not mohihu-
<br />ed by !a„ anti only to the extent that such udl n „t ste e ill, i.,.;n u,un,ai -: hit, excluding .:m income tax. maie or federal,
<br />imposed on Murtgapre. and -"it! rise the ,.Iffi ;,a: receipt ,h,tu,ng , ;, h n •pent w:h [tic Mortgagee 1, pon ,u,fauon of thls under-
<br />taking. or d the %l „rigawit t, vioh!hiteu h, Low. !a„ now r hereafter , x!,tini limn r; t mg the w hole it am portion of the afore -
<br />satd taxes. of upon the rendering of ant court decree prohihutne the' ;'.,, item r, the Mortgdgoi or anx such ctxe,. or if such law
<br />or decree provides that anx amount s,, p,ud by the Mor:g.egt, st;.,!' t,- . rcd,tc•u •m the motigagc debt, the ',forlcaccc ,hall ha,e
<br />the right to give mner, der, •.,rmcn nonce it, the tuner of the m•,rt.i::gc,! ; trm :,c, rcyumng the p:r,men[ of the m,tr(Fagc
<br />debt. if such notice he gt,en the ,aid debt shall become due. r ,able .,nos ,, j!e, phi; it the expn:inon of said mnct, d;r, s
<br />to Thai should he fail to pat an, suit, yr keep an, , easel tin •, wvd for in this Mortgage then the Mortgagee it it, op
<br />tion. may pay ty perform the samr.:md all expendilurr, so m.,dr sh::6 he :elided o, the vrmcipai +un, ow!np ,,r. the oho, e mote.
<br />shall be .vetoed hcrehs ant! shel! hear inicrest at the rate ,et forth in the said note until paid
<br />"at he hereh, ,signs iran,lei, , :nd ,et' oxen !it the xforigage,• h, he .!pphed h,w;:rd the pacmeni of the note and all
<br />sums secured herei,s in %t- of , default :n the rerftorrnan,r of :in, of ncc torn, .:nd .t,ndiIwn% of !ht, Mortgage nr the said
<br />mote. all the rents rc,enucs ,tad incc,me to he drrt,cd from the mortgaged ptetnne, .lurinp such umc is the mortgage indebted-
<br />ness shall remain unpaid anu the Morigagce ,hail hair potter r„ ppoint stn, agent or agents it m;n desire for the purpose of
<br />repairing said premise, and of renting the same and soFiccitng the rent, re, critics and income and it max pay out of said (n•
<br />comes all expenses of repairing .aid premises and neces_sar} commusionx and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom. the halance remaining. if any. to he applied toward the discharge of said mortgage
<br />indebtedne.,
<br />N -1•hat he wit! keep the ,mprx„emenr, no- existing or hereafter erected on the mortgaged properit,. insured as may he
<br />required from time in rime hx the M origagre against it,,, h, tire and ,ether hazard- casualties and contingencies to such
<br />amounts and for such pertod, a, mat, he required ht the xetorrg;,izcc and w lit p,,, pnomprl, . w her! due . anx premiums on such
<br />insurance proxtston for payment of which ha- not been made herf,nbvforr -xl! nsuran,:t sh;a? fY carried in compame ap-
<br />proved bs the Morig:.gre and the r,,IiLiv, and renr w,,,, theienf ,hill'• he held hx the Mortgager and ht., a alt, ched thereto loss
<br />payahk clause, r! fa,,tr of and in l,vr-t -,,, c^,ah!c :, 'ht Murtgagcc in c,en! of Ins, Murteagnt will gixr immediate notice hx
<br />mail to the Mrrigagoc who rna, riaat,c rtm, of to„ if rat! mdor (,n,mpd, hx Mortgagor and each msuramc ,timpan% con-
<br />cerned rs hereb, atohvit ed 2nd dire, t<d nakr r.., •ienr lot such lost, t irntly to the Mortgagee instead of to the Mortgagor
<br />anti the Morti;�,gcc +. =intlx . ;wd the =r.,....•„r pr,ae-.t- .,. stn, par' ihcrcof. ma, tx ., pphcd I,% the Mortgagee at its option either
<br />to the rcduansn : >} the,ndeb!r:1nc r .rh, ,c,ured ,,, •, the ,cslor ation air align .d the pioperti, damaged. In chew M fore, In-
<br />sure of this mottliape „i whcr irxnste, of title to the mt,ltsaged rroprrt, in c xt••,r,nshment nl the indebtedne., secured herrhx
<br />alp rrghr title at 'J "acv of line S1 =ic.eg.,: n. .,t X11 in,w,,rt,r r. :,,e• then r ,v shall pass to the purchaser of eranirc
<br />to ihar r „t. , , esur• :, fN r,,,;vent 1 ing note ,lc,.. ,cd and all sum, to become due under it,„
<br />msxrtgagr 'rx 0.l r .. he xlrotIA --tee .r!! r',=h!, rexenue, .,!tie,. right, and benefits accruing to the
<br />x9:riau1to• t ta,t ,r , ,.: +.. .r. cayd pr, •close,. ., -•h the tFh.• r, r,r„
<br />thrnt tin oar;; .n.....t.,. .. _a rrt:•oc ,,. ,aL,un to r 'rid rr \lor for the same and a, uc
<br />'r '� fit. , ! ..r. � � �, ,cr v ; hr MPri(daRer m:a, fcmand. cur
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<br />,ci,e h,',..:r. :r par? tnc3 =, �� ..< -n ^r,rair , this , ,itl e
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