|
t
<br />107008
<br />--------- irm r 1 ti ti milli rss rrartrtFr - eratstc x*r"Tnrmtl�e- * prVoff streh irekkr
<br />-- °--- -ssit�tuads so �a} s+u prarw►wwi�. st +K -fi.us t ni i:rbsr► wluprwrst- porw�uo
<br />-------- ---------
<br />-- 4i1+ - -- if old wtong a vieteeiewev r -ttrc fte4e- by-ehe See eta ry of iioesetFudr
<br />-- ------ Urbon- Berdepnte it. - i e++ehi} elimpr+Mt &M trf a going rme flift.0 Ce pm PRimplo Which- rtiesiiixiirsw
<br />---- --- -dareir Nit iro1rerm+ wt men! tsrc M""m .— °-- -- - --
<br />.... , .. =rrrrar
<br />(a) (b A sum equal to the ground rents, if an., :text due. plus the pa-un iriv ita:. Ili nexi be;:ome due and payable on
<br />policies of fire and 0th -r `-card irsulanctz cenering trh ..: x :gap d nrepen.. �!us taxes and assessments next duc
<br />on the mortgzged proper,) fall as ci:fntare :: b the Al •ngogc f .r:, al! wI :_ ahead% paid Therefor dhided by the
<br />number of months to elapse before one month prior to the Are o+t:cr, s,�,!I ground rents, premiums. taxes and
<br />assessments will become delinquent, such sums to be hei3 by Mortgagee .r: !run to pay said ground rents, pre-
<br />miums. taxes and special assessments; and
<br />(b) (10 All payments mentioned in the two preceding subsections o: this-Paragraph and all payments to be made under
<br />the note ecuied hereby shall be added toceth -r, 3rd '! t .g eta c e , vn : en; ; s'1 ,, nrai by the Mortgagor
<br />each morth in a single payment to be applied by vie Muneagee he c t1 a..;, itoI : m u . ...r set lord:
<br />-- {ia - --- etll11 (44 f teYMilder t* t- b "m tie 1 F,
<br />11111iy rharet± In& tirnFtrernretrtr :+rsztrm- r,+�- ++ -rr-�s hr--a!-^ac!+c----------------
<br />(I) I= gr,?und rents. taxes. assessments fire ai -1
<br />(jI) interest on the note secured hc:ebN ; and
<br />(IZI) Xlf� a noriwatton of the pnnapal of said
<br />Arty defi,"en" in the am,-unr .,f in., nics> :ra e rood fly the tilon-
<br />gagor prior it, the due d:. c h-f rtes; su;h e. _ c, n _r . gzgc The
<br />Mortgagee may collec. a ••tale ct:.trge' not 11) . a „.d ! . , .rat tat;) i,,i cap. du.;., . i of .,.,L 2vinenuaore
<br />than fifteen 11 � I d.N s it real!- :fie _ . . r:,.i;c _ u. !..! +±?;n. dean„uerrt pit ments.
<br />3. That if the total of thi• p :n men[ • tr,an, 1, th, itnrL_�.cw atndt r T, ` .. ,,craph '' precedin_ -hall exceed
<br />the amount of palmoants aetuaili mad, ht th,• Nlorli aLee• for _ ,,;Ind rent I.,• a - ant. :, - -es -meats or insurarn a pre-
<br />miums. as the cma e may be. such excess, if lilt. lean i, cu en% at t a ,,F.: -,�: of th. Mortgagor. shall Ile credited be
<br />the %lortgaeee on - ub -equem pasm,•n :- Ill 1w ma 6- b—.. tilt tk rr s . und, a n, the Mortgagor if. howetc•r. the
<br />monthly payment- made by the 1;t. +n .+_er antler „f n roc al` :,, ht cufficic•nt to liac ground
<br />rent, taxes and assessments or insurance premiums, as the ca-4 rrai 414 ,;:.v:c :he same -hall become due and pay-
<br />able, then the lortgagor shall pay to the %lonragee am amount n,-cc -sari, to make up the deficiency. on or before
<br />the date when payment of such ground rent taxes. assessment- or in- drance premiums shall be due. If at any
<br />time the Mongagor shall tender i+, the Mort_ *a:•,•,•. in woo -rdarc with the prnai -inn= of the note secured hereby.
<br />full payment of the entire indebtedne rep *.•- :•nSei thembt. the `lortgz,,ee -haft. in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor a i -pet rxet+t.+tta dee> he$ rc►r+siewseClt+:o[- paszptapb�'-
<br />telVM M' itilh the Ailc rignplTitlt—r1'RYl1Trerlrr.'- rrlfl'*: SL e7p:tTttrtfte^:•'e'tlPt' {f[rp�rTr;r .T'd••t'rb sr - Het'i'fnprrwn --
<br />att -any balance remaining in the• fund - at co , tt;.r.e,l !:nd,•r :b,- pr oi- ion - „f 11. of para_,raph 2 hereof. if there
<br />shall be a default under an% of th,• pro.; -:•, - ..+ !fr - ;r! „!1_,._.• re•- ultin_ in .t public -ale of the premi =e- c•o+ered
<br />hereby. or if the Mortgagee acquires the nroprn. ,t; :eft +t -•• .,her dt fault. :he tilortragee shall applt. at the time of
<br />the commencement of -uch proceed -T, or 0 it,,, iim,• ih• prcVictts i- mhenti -e acquired. [hf• balance then remain-
<br />ing in the funds avcumulated ill -1 part, ±raph _ pr;-i - -dir_- a- _ , redii aLain -t the amount of principal then
<br />remaining unpaid under -aid note. "w; .4 "�iw »11..:a -.+C
<br />elf 1rureprrrph 1
<br />4. Thai . ^e .'+irr!gagc,r 1:11 pa, ,•anti ter., ... .. eat ,..r; ,,the* cernmenta or muntci r• ai
<br />charges- fine-. or :mar,,. :non for :ah!,'n r ...is :an n re_° ..._- ert'n '.,: !n def' :u'! thereof the Mortgagee may
<br />pay [he lain*. .4 thai the Morigago; .,; t, rtti ,e'ne f:e , : ,nett the Mortgagee.
<br />The Mortgagor v ill pa: _Il .:sc, ,h!.h c, ', it ,r, ., .t ,.„ :g.: rr .mere:, in .aid re:: es :e .:nd imvrove-
<br />mertfs. ant. t, hi.n mac f e le, led up,•r, tilt n,• .:gr • . th, d c _ h_ . ^ut .... , the ; t!ent that • uch r. not ohibit-
<br />ed be law nd .+nit to the esten! that t!: a -no? .n :,c t t t• r, :r u.c:n. u•i nu:., V.lhc m: ana Income tw'. t to nr .redera;.
<br />imposed on Mortgagee. and u ii' file the of ,:ula receipts ini , c 2 =7 %+ch the \lortgagee It pon tiolation of this under-
<br />taking. or if the Mortgagor i, prohibited bt am tau nor , >r hereaftc r rv.troc t:.•n: rx ing the ,t bole or am pertlon of the afore-
<br />said taxes, or upon the rendering of any court decree prehihrin_ !re r::. men• rt the %I,.rwagor or at,% such taxes. or if such law
<br />or decree pro%ide, that am amount ss, ,,id ht the M r.cacw I`r .aces : a., , the `for : ,.agc dept_ the lfurt_' :,gee testi ha+r
<br />the right to gite mneq dais ,,.-men notice to the ene ner ,f the Triongaett re airing thr payment of the mortgage
<br />debt: If such notice he g %en. :he sate debt shall hecorie sue. p•atahle: rld ,,d!e.ni•': ` he expiration of said rvnet: dot
<br />6. That should he fail to pay any tom or keep am ra i %l,� Iga_•e. !hen the \lcriga_ee. :a its op-
<br />tion. may pay of perform the same. anti a'; eapendourr, ,o made ,;a:i, :,; a.idcd !:• ,r : rmcipa: ,um os: ing vIi the aboc a note,
<br />shalt be recur c heretic. and shall hear interest at the rate set forth m the laic noic l;ntu raid
<br />That Tic iicrehx assigns. transfer• and sets i.xer to the Mortgagee to he .c ,..; too a•d the sec mom of the note ::nd all
<br />sums secured hereby in case of a defaui; m the periormame of an: of the term, and condition, of thi, ' mortgage or the said
<br />note. all the rent,. re,enues and income to he dented from the morieogru rierm,e, o!:rrg .uch time a, the mortgage andehied-
<br />ness shall remain unpaid: and [he Mortgagee shall ha.e power tc, appom! ant agent! or - :ten,, n matt de,ire for the purpose of
<br />repairing said premises and of renting the same and coi!ecnng the tent, re,:nuc, ird �na,ntc.:!nd it mac pat out of said in-
<br />comes all expenses of repairing saie ,tremi,es and necessarx commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom. The balance remaining. it any. to he applied toward the discharge of said mortgage
<br />indebtedness.
<br />S. Thal he will keep the impreverntrit, nor existing or hereafter erected on the morigagrd property. insured as may' he
<br />required iTOm ntrc ra time by The Morrs:aeee .:calm! Ills, h .fire .Ind ,!ter Rat,Td, :a,ualtic, and conurgencies in such
<br />arricunts anti for such periods as mac he required by the Mortea:_ c• :tic a iii ;. } prornp :(y . u Teti due, am premiums on such
<br />insurance pro +ision for payment of sbich hit- not teen made he e nhrfore. -\It !raur,:nce ,hail f , carried in companies ap-
<br />proxed t`y the Mortgagee and the M'itaes and ter ,!s thc•cof sh,!, n,* heui he !be %loT:_agee and hate attached thereto loss
<br />payahle clause, !n f,itor of and in f r .,c, e tale:. !tic Mnrteagec .n ctc of 4i Mon!;.gur till gne m;mediatr notice by
<br />mail 10 The Mongagec. who :nay ., f of loss tf not ;ra de prnnlr14 h, 1;: rigagor. and each msiminsc company con -
<br />cernedis herehv Muth.,riicd :,ad di t oti .,, make r:,, menr for such ions directiy it the Mortgagee instead of ill P-.:! Mortgagor
<br />am the Mnrtgaeca ; !nlh . and Inc , ,!.;•,ter ,,.rr ,. ,:: an-, part thereof. ma} !,e . :r; iced M the Moil teagcr it it, option either
<br />to the tlIducikin of fix intieh :cdness v, -c+, secured or the resle•r :I1lor or r air f ftv property damaged In dent of foreclo-
<br />sure of ibis m ,ripec o: other transfer of title to the ir.ongapto prorertt ,r. c „hnient of the indebtedness secured hereby.
<br />ai? rignt -till* a..! :pe Glr i i. =,r to • "d t t.er. In'Li!arcc rr•i;.ie, :i c shall pass to the purchaser or era nlee
<br />i 7hat a, +'!t :, -I, F'+t.. , •efts* n for the oat merit „f tit• nrte do and all sums to hecome due under this
<br />mortgage them .:.s.•: t:. rn: ;n ins lfortg,ge, ., r :•. sail, <•rua,. .,;nett right, and henehts accruml: to the
<br />Sla,rtg- g t wld r r , sous t r law p'ara!, , •ft the nkht t., litre anti receipt f< -t the ,amc and . pit
<br />u •r
<br />p>Em h, cola ,r =uo t..rdnr. ., tale h� , t ; jt r del, :,dt in lilt-, m:l ,rte klottgagee may der:iand. ,ue
<br />fiat an.f re4:' i 'n hcn oaf .ana pa, jKc f,w ha; .o.! t,c lz: itI VO a"Ignmer 1, It, terminate
<br />an,, t,ts onlr fti. .., c.., , tl"c . ,a .1 :t !,
<br />!+U%4BZf a3M 10 -7g'r
<br />
|