|
010— 1010 4it* twee ttFmrn!�+Fr --! teat+ ere+ trrrrm�r ►otdrno�retydrnrch- ir±Mer
<br />__— _- awth.funds. -" pay cult pcwAiva>•urabF Sacsacxy a . F3oucipa- ++w- Wrbat►i3awktprtw+�-p cw��
<br />------ -- ?"ei" iionwttl, 'Aer. -tasnt ended-and appetbk 'liaeo}'atinnstltenrverder. er------------------
<br />- -*ii+- -- Mid se 10118*2 snd- note- ei -erew - artreidiry -the- fieereeary ofiionsinTwrd-
<br />U ban Be, Cier Ile 1 v I 01101h e hale him 0 of plevn irnri�otmh- aha}rbe -ttrm
<br />-
<br />-- -- - --► evil.lippielfeli ji,'J.Ii-s%iipne we*iRte
<br />---- -- --4tw nttile- metcee +lrwDa+;celyrirr:oartakingI it epsymenI -- -- ---- - - --
<br />(a)' A sum equal to the ground rents, if any, next due. plus the ,,reuuurn, :hat u ill ne.x• i become due and payable on
<br />policies of fire and oth -r !•azard' nsurane'! covering th ,ortgaged prop i% •lus taxes and assessments next doe
<br />on the mortgaged property oaff as cs,intared br the Mor gagger :ev : all sut... !ready paid therefor dhided by the
<br />number of months to elapse before one`tnorth prior to the ,late when such ground rents, premiums. taxes and
<br />assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents. pre-
<br />miums, taxes and special assessments, and
<br />(b) (a0 All payments mentioned m the two preceding subsections of this-paragraph and all payments to be made under
<br />the note secured hereby shall he added together. and ?lie atrtca?e ar —tin _n ,;,al{ �c paid by the Mortgagor
<br />each month in a smrJe payment to be applied by the Mortgagee !;: the 't, h , %w it,tr, in rile olt;e set :nrt 1!
<br />-- ff 1- -- the cowletei -4-im te - rwrt}r�±- rip -era -r �ic+trset!* exv��bs+rFkvefr+pwtrwt
<br />--------- TTTOnIIf}rtharL_f°'lot fte r Trzr4-'- '---------- - - - ---
<br />(I) j,R[ grOund rends, taxes, assessmenis..ene an,: orhe- ilaz:.rd ,ns.jraacc cnnums,
<br />(II) XKk uiterest on the note secured hereb) . and
<br />(III) JPW amortization of the principal of said iwte
<br />Any deticency in the annount if an.. a: unless mwje good by the Mort•
<br />gagor prior to the due date lit Ihz n•:xt suJI undi ! i<t-n,7 ;fenge The
<br />Mortgagee may collect a "late charge" not to exceed t. :eats 140 fr» each dollar (5; t of eaeli ea> menr aloe¢
<br />than fifteen ( i •;) da�:s in arrears :c c,,%er the e.-,ti.; _> _ I.. , ;.i%eJ in trar.dltn; d= :royuern pzctnents.
<br />3. That if the total of the payment- male ht oho ilnnc� _car w)tIrt(t),' r:i:,raph 2 preceding -hall exceed
<br />the amount of payment- actuail% made• In the Nlori_,ar:ee for ljound rani - and , _c -menu or in -ur:n, e pre -
<br />miums. as the case may be. such excess, if the loan rs cu—nt, at rho ,: uE th.- %fortgagor. shall he credited by
<br />the Mortgagee tin - ub.= equent payment- to be majiv,lo% the Mortga-li. cor toile a to the Mortgagor If. hnwe%er. the
<br />ntonihl% payment- made by the under $Vof paragraph ' pr :.L,11: :c - l ;.tli no, be sufficient to pa% ground
<br />rent, taxer and as- essments or in- urvtce premium -. a- the e•a-c min be .;'::et: the -amt, -hall become due and pay-
<br />able: then the Mortgagor -hall pay to the )lort"agee any arnoum necc•--an to make up the deficiency, on or before
<br />the date when payment of such ground rent -. tact -. a,- e•ssment- or insarance premiums shall be due- If at any
<br />time the Mortgagor shall tender ten the Mortca ;•r,e. in aceordavct uhh the pro%i -ions of the note secured hereby.
<br />full payment of the entire indebtednp -- reprc•=r -med therehc, the %Mrtga!vee =hall. in computing the amount of such
<br />indebtedness, credit to the account of tilt Mortgagor ell }je`tnet►ts ntarlruwdc {I>F�ro+►siew %sLl:+i uf�ac =-
<br />#tllle�wltfc�}r tht�forHtit�erits� net�rrt-omrnbi* rare d tirpvy --M n- ...... try'( �hru�itt -. nd-E'rhatr Bc teioptttCtn -_
<br />dill -am balance remaining in th• fund - acru :saris :eel tinder the pruci =ion- „f lCfof paragraph 2 hereof. If there
<br />shall be a default under am of tine poor -taco- „+ till- mortgawe re -ultim in it public -ale of the premises covered
<br />hereby. or if the %lortgagep acquire- the prnl.eic_, other,%i -e after dt fault. the tlortgagee -hall apply. at the time of
<br />the commencement of -urh proceed'J�I+l�7. rte iho time the prnptrix :- othenti-e acquired, thy' balance then remain -
<br />ing in the funds accumulaic under x: tit paragraph 2" preeodrt•.L. a- _ credit again-[ the amount of principal then
<br />remaining unpaid under =aid note.:utei- :teal! i►u+jwr! a- t-.w►ti i+a�ts+ veer.-= c+..- h+:l>i++ww�a.+dµw+du'- w --
<br />eframleraph 2
<br />4. That the `.Mortgagor %xili p.q pound rent,- tit% :,. = u!, <.,. ,k -oc- _._ .nd rattier go%ernmenta or municipal
<br />charges. fine,. it irrpo,itioas. for which prutt,ton ha, n.•s ore^ c,n„ etc c',,rc . nj in Jetaufi thereof itic• Mortgage.- may
<br />pay the same: nd th.,f the Mortgagor %tilt rrompC% defier the %f x r, F u: the Mortgagee
<br />5. The 1l0rtgagor %t ill pa% all !,Oyes uhwti m::. ne f %rev -F,, ,n r:: lr.r�.. e. r,;_re ' in said real estate and impro%e-
<br />ments. and w hi:h rna� he lexied upon thi, . mortgage or the tic, ,¢sure,! n . 'hilt a•r,�, tc the ex ?cnt that -uch i. not prohibit-
<br />ed b% law and onh to the extent that such veil: not :nke thy+ ta,.in u,Ljrw L ui ex-iwding ar,% income tax. 'gate nr f ¢deed!.
<br />imposed on Mortgagee. and will file the official receipt +hots ng ,:h pax item w ith ttir Mortgagee. l poi %tolauon of this under-
<br />taking. or if the Mortgagor its prohibited by am la%% now or hereafter cxi,nnc try::, pa±ing the whole ar am portion of the afore-
<br />said taxes, or upon the rendering of an} avert decree prohif -nine trio Cavnent r1 the Mortgagor or any such !axes. or if such law
<br />or decree pro%ide, that an amounl ,o p.:!d h1 the Mortgagor ,1& E,e ircJ,te,? „^ rx rt ^.gae- dept. the Mortgagee shit;? ha%e
<br />the right to give ninety dax, %siren notice to the ax%ner of the mor?gaced p:emt,_, teyuirmil the payment of the mortgage
<br />debtAf such notice he gi%en. the +aid debt shall become due. pal ahie :md c„llectti-'e :it the expiation of +aid nines% day,.
<br />6. That should he fail to pa) any sum or keep anti co; easnt pro%tt':,J fo: n inn, %torrgagc. then the Mortgagee. :a its op-
<br />tion, may pay or perform the same, and all expenditure, so made +hao he added t. the principal ,um tiv ing on the aboxe note,
<br />shall he secured hereb} . and shall hear interest at the rate get forth in the %aid note t ntil p.iid
<br />?. That he hereby a,signs- transfers and sets oyer to the Mortgagee n, he app i toward the p %ment of the note and all
<br />sums secured hereb% in case of a default in the performance of aa: of the term• and condition, of ?hi, Mortgage or the said
<br />note, alt the rent,. rerenue, and income to tie derixed from the mortgaged premi,e, during uch unit a, the mortgage indebted-
<br />ness shall remain unpaid: and the Mortgagee ,hall ha-:e power to appoint an% agent or :cent, it maf desire for the purpose of
<br />repairing said premises and of renting the same and collecting the tent,. rexenue, :ind :n; ome. ;md it may pa% out of said in-
<br />comes all expenses of repairing said premise. and necessar% commissions and ex. enses incurred in renting and managing the
<br />same and of collecting rentals therefrom. the balance remaining. if any. to he applied toward the discharge of said mortgage
<br />indebtedness.
<br />R. That he will keep the improvements now existing or hereafter erected on the nnnr?eaged property, insured a+ may be
<br />required from time it, time by the klortl;agee against to- h_. fire and other hazard, casutdtie, and contingencies in such
<br />amounts and for such pericxls as map he required by the Mortgagee and %%ill pay promptlx . when duo. an% premiums on such
<br />insurance provision for payment of which ha=t not been made her2;nbefore. All insurance shall he carried in companies ap-
<br />proved by the Mortgagee and the pohcie, and renewals thereof ,hall he held h% the \t,•r?gagee and ha xe attached thereto loss
<br />payable clau%es in f ;ixor of and in form a:, eptable to !hc lortgagee. in excat of io„ Moneagoi %kill girt immediate notice by
<br />mail to the Mortgagee. xxho ma% m :_e ntoof of loss if not made prorrtpth h} xlortgag,' :, and each insurancc compares con -
<br />cemed -is hereby authorized and direcicd :,, tm kc r, ;,%:rent for such nos, direclly to the Mortgagee instead of to the Mortgagor
<br />and the Morigagee )owtl% :nd rho :n,uc,rrce trnuerd or :my part thereof. ma: ht ;,pp!aed l,y the Mortgagee at its option either
<br />to the reduction of the iideh:edre„ nerct,,, secured ar to the iestoronon it repair t ? the property damaged. In a %eni of foreclo-
<br />sure of this mottgoge or whet transfer of title ?o ills mongageJ pronenx in cxi�r�,^atshmeni of the indebtedness secured hereby,
<br />a;J right. lotto , i :,x:c _ ! :he Nlorfe,ic ;,r m ;>nd in so, n,ariincc i ohete, iheo i- :, , e shall pass to the purchaser or grantee
<br />4. Thai .., :todou n;:' 1 -d iota; ,e.a;rot lilt the payment of the note d. - I`ed. and all sums to become Clue under this
<br />rnorti;agt 1hr M, era v: . .ce, , •.y:r, it, the Morig :;gee all m0it,. tcvenue, ;, .:,fires, rights and henefilxFaecK}%H,g 1c> the
<br />ftlortg :tgo: tinder .nr. a. L.,•. 'co,c, on said rrcm;,rs• with the right i., rccei%c .nkf receipt for the same and apph
<br />ahem lts cl i eft,re as alter default in the .oridrto,n of ;!:t, an,; Tile Mortgagee truly der is nd. sic
<br />fa.tr and rrcx an: c t ,e;, r„ %gin ?• a ilcn darn land payal,ir. but shit)! not t .,,ii.!.u. ..T,• `?a, as,igninent i, to rcrmutate
<br />turd t ', 0c 11t t 1 ; ., <v„ or,zn ie'a• ..c 4 thus mortgage.
<br />M.�p :1.14W 19 79!
<br />
|