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(a) (10 A sum enual to the ground rents, ;f air\ next due. plus itrc r :•n•nt t.: -ha d; next betcime due and payable on
<br />pollt:ws of fire and ml r t zard insurance covering the mortgagee pro •rx 'us taxes and assessments next due
<br />z
<br />on the mortgaged proper!) a d er= aer.,
<br />g p p y fall as cs,rnra.ed b ' the M ,rid gg 1 !,-S. A! sot ,cady paid therefe,r dh ded by the
<br />number of months to elapse before one month prior to the date whcr suot giourrd rents, preinrutns. taxes and
<br />assessments will become deiintluent, such sums to be held by Mortgagee Ili .rust to pay said ground rents, pr_e-
<br />miums. taxes and special assessments; and
<br />(b) (d(! All payments mentioned in time two preceding subsections o: this-paragraph and all payments to be made under
<br />the mote secured hereby shall !re added ioviher. and the acgtecare a,, •,:r f s el, .,. ,ztu \die Mortgagor
<br />each morth in a single payment to be applied by the Mortgagee r:, he ,: .,uy :x ;n •rt .i, c <. :e: iet forth:
<br />- -{I'y---- TIMMtlelt• Cline-es "fide F file ' of! lo " 6e-_ Te
<br />�..
<br />----- --- *•rmintHt}rrera*ct- ferriiea nMtnrrrr�etsarm-r, rn* -
<br />-+rh— Est-- ar?+e------- ---- - - - ---
<br />(I) ZNX gr:,urd rents. taxes. a- seas5111en1, !;It al)-- oths ._, .,,,.,_t__ ...,,.u.s,
<br />(II) tt rut on the note secured nereby, and
<br />(III) �fJiaQ ainortization of ti,_ pun,.rpal of sand n,:lc.
<br />any de- ,cten<} :n the ar:.:,uni if .T- , ; a_r • ._ memo ,mace trod by the Mort-
<br />_
<br />go, prior t, *c !,r•1 d:,. ,:i r,:, uex ! ,u,! •,a, , . _- ., _ . uncle. .l t. .,. taagt The
<br />Mort gee may collect a late <ha -ae' not ! , _ti:ecd !, t ,+
<br />ga .. _�. t, into I :ear! du I,; ; l 1 0! _...L .,.veer t more
<br />than fifteen 115 t a :s :: a -rear _... ,... _ tr c, , :,.•nest tr: t,, rd!,tt: •,,,!eyuent P,,,,
<br />i. That if the total of Ihi ; *.a, m• ta- rji_c4, b, rh., t! rty or 1;"de i ( ) rajilt _nine, dine . -hail exceed
<br />the amount of paxment- ar-wailx v.adt hx fir'. mnj:a�ee r+, }red twit- ,. , eeu : - -rmont or insurane a pre -
<br />miums. as the ease may be. -uch cxcrss. if Tit( loan is cu•rcnt. at me o; . ,..•i ;. tlortgagor ,hall he credited b,
<br />the \lortga_,ee nn - uh- eyu.•nl paxtr r o b. 7i e b: [fit- \tort a ,r uv did Iht• \tort €age If. houeccr. the
<br />momhl\ pacment- made bx the y.. �.._O. untie • `Vof parag aph _ ,,c, c '. . •,:: `,c sufficient to Sns ground
<br />rent, taxea and assessment- or irt- urance premium -, a- the c a-v ma, t„ .•;. the -ame -hall become due and pay-
<br />able, then the \htrtt;aeor -had pat to the liort_ative am amount nece - -an to make up the deficiene\, on or before
<br />the date when patment of such emund rent -. tase a -e•.- -mint- or w- dranve premiums shall be due. If at an\
<br />time the Morti!aimr =ha!l tender to ih.• \ ?tort:* ; .• :. in ac +.rd ne. uith the pr.,, i -ions of the note secured hereby.
<br />full payment of the entire indehie•dne -- r. t,>, -, nted ihereb +. the Mortga_,ee -hall. in computing the amount of such
<br />indebtedness, credit to the ao c,runt of the tf, rtgagor a;•i- +aylreeFIE. f ftae�tlxicK• -4 ktE•}ali.+stews�E. + o{- pac:�rapts:-
<br />ItMl/f - 1►�11'e.`IT-fl1! 11ne4l• rl�Cr�t3�tMlj !•Pe�ttti�rt'ir"^tte'of'1±v �lTrte_th[! tV.It i I ban
<br />t- B('tp{77ptn(tt{ -•.
<br />and -an\ balance re•mmnim! to th• fungi- it c ed uncf.•r the pn.xi -i..n- nf�]Cror( parairaph ° hereof. If there
<br />shall be a default under an% ni rh.• tire,:+- •:r .. ,r - m,•stc,:_e• r.c•- ultin_ in a public -ale of the premi =e- cotered
<br />hereby. or if the \lortrappe ao quire- tfte- n e . :sits ot! rots -.• aficr do fauh_ he liorteagee -hall apply. at the time of
<br />the c•ommencertTent of -uch preu.•edjn�f. nr um• th. pr „pe ;t\ otherwt -e acquired. th,• balance then remain-
<br />ing in the fund- at cumulawo ur let o.3 i tr, "tj ?• _ I.re•• r d,r,g. a- credit : *gin -t the• amodni of principal then
<br />remainine unpaid under -aid nett .,iroN..r+�+dj«�e,, tip{ rxatwru► xi,;- W:: 1ltgas...re�t,tsiwaasut.r,,;; --
<br />er�pet•ugretllh -1
<br />i Th.a t... '.j,:tgagor ,, r. _ ....,t r.n:_. ..., e, -c •�.,, . '0t:. r,ic, . end ether go,crruncntai or municipal
<br />charges. tine,. ,:r unro,rtr,,,,. i,•r H n n lore„ r i.,n tots n. , litre'. . , .:rod m def,U!t the! the t
<br />^. There,,' lortgagee may
<br />pay the %:into to :.. the \I rz :r•t r , ., ^ , the %loneigee
<br />:u
<br />?. The \mo L agor ,:!i ' r:•, .:'; :.xe ,h, .,t Ic , wt t ,, to t s .,. I. : :d te
<br />•' estate , :n' it �rove-
<br />ment and :, h; :r, nt ::y t c !e, red up.,r. th„ rid ._e , • he &, ,e.u,x.: n, , . ihr c \tent that •rich r•. n,,* , riobilin-
<br />ed b1 law :,nu ,nh to the extent that such +, n! no, .n. :i e tnr.., , n u•urica:,' his! r .. i d; r_ .,r,x income lair. :irate nr Federal.
<br />imposed on Mortgagee. and „d! rile the othcril re, eipt ,n., to ,- 7h p ::x item t ,;h the Mortgagee t'por, , n,iation of this under -
<br />tAing. or if the Mortgagor i, prohthited is% an% I,t:t no„ of hereafter : %I'llnc tr„rr, r.:'. mi the „ hole „r aid., portion of the afore-
<br />said taxes, or upon the rendering of any court deuce prehiHiing, !ne r •x rnent r, the M.,' ricago, or :mx ,uch tzxcs. o: if such law
<br />or decree pro, ides that ;im amt *um ,;, r,.:td by the Mrr,cacrr ,!, :'1 he - i+r;-tf .,n slit r..n _lee Cent. the \tort, ogee shah haxe
<br />'rid.
<br />the right to gi\e ninety dot,' ,Fitierr notice to the w ner of the mortgage,'. peen a_-s airing the r %rnen! .,f the mortgage
<br />debt. If such notice he green. the said debt ,hall he, ome due, na\iNe •snd c"Ilr :uF' :. trio e <pualton of ,aid nine,, dax,
<br />6. That should he fail iv pay anx .um or keep .:n, ,. non! pro, :ce,i f , .n ii;:, \S.,rtg.:ge. then the Mortgagee.:.! its op-
<br />tion. may rax or perform the same- and a!: e\perrcitorc, so made ,haii he aidrd t,• :rte rnncipa sum ou ing vn the aho, e note.
<br />shall be se :urtd hereh\. and shall hear interest at the rate set forth in the said note r,ntil raw
<br />That he hereby assigns, transfer, and sets over to the Mortgagee. to he ar•pi1;,; ;ow::rd the pa: mein if the note snd all
<br />sums ,e --tired hereh\ in case of c, default in the perjormame of an, of the term• ,: ,d candmon, , , thI, Mortgage or the ,aid
<br />note, all the rent,. re,enues and Income t,, be derr.ed from the mongagcd premise,, ITW:rg ,u,h time :n the mortgage indebted-
<br />ness shall remain unpaid: and the Mortgagee ,hall 'ta,c pil"er u, rpromi any agen! :,r tgrrt it ma} de,tre for the purpose of
<br />repairing said premises and of renting the same and C dleciing the rent,. re,enue, snd :n :,•rne. :snd it r,.--\ pax out of said in-
<br />comes all expenses Of repairing said ;,remises and necessan commissions and ex; enses incurred to renting and managing the
<br />same and of collecting rentals Iheretrom, The balance remaining. if any -. to be applied toward the discharge of said mortgage
<br />indebtedness
<br />S. that he will keep the improvemems nc,tx existing or hereafter erected on the mnrtgageo property. insured a, tnag to
<br />required frog, time to tine by the Mortgagee r_ainst toss h, fire ind other na, :ro, casualue, and contingencies in such
<br />amounts and for such period, a, max lie required hr the Monga_ee .Ind ,.I!! p,% pro;npt :y. a hen due. ar.•, premium, on such
<br />insurance provision for payment of which ha- net :,seen made her^mM tore. AN irxtr:inte <h.,P he tarried in companies ap-
<br />proved by the \lorte::cee and tire pe h, ie, anti rem :,,r), thete.,f chew re held by The \I:•rteagee and ha,e :utaehed thereto loss
<br />payahle clausz, fn i,nrr of and in f, rri ai.ert �1e !t: !hc Mortgagee in cxent of :vss \l,�r;gato. %till gnc immediate nonce h\
<br />mail to the Mortgagee. x,ho may r *.toot of los, if not made rn.mpth h. \S, rtgag •r. and rich irt,urnnec company con-
<br />cerned is herehv aulbori.-ed ;cad der cut d ,;: m tkc - -k anent for such toss direetiv to the Mortgagee instead of to the Mortgagor
<br />and the \lwtgaL e wirlh .:rod the rr :,d :,,n,e j. , +.rid •. or any part thereof. ma: 4• app!ced hx the Mortgagee it its option Dither
<br />it, the re :iucncm of the indeh,c chess t,: rob. secured ,,r ,,, the ,c,!or:trion or rertr :d tke property damaged. In event of foreclo-
<br />sure of This mortgage;,: „the. transfer of title To th, - on god propertt Jr, cxrr, ,u,hment of the indebtedness secured hereh\,
<br />a :1 right. t,tic :.. :c •! . :roc \1:,r x..g,v ,n, ref t,,. :n; a m,,ncc n ;l sots it,cr, r •. ,. shall pass to the purchaser ttr gianice
<br />4 1 ?tat n• ,e t: •ra. ' eiltr,,, fist the ra%rnent -If .lrws mate '- : -,L and all sum, to become due under this
<br />mortgage the M. 'e, r,�, h. .,. r:r,- to INN Alortgagec alt rtvvniw h;e<. right, and benefits accruing to the
<br />�lorTi,Ct. •= t m , vt' .�.. . +c.t n said vrenrt,ct, ,, �!h tire- rrLh; t,••!,; e1.xe Ind roc cr pi for the same and apply
<br />Ihem to . ,, .rode; esyc,• :, _. + <c u:.:, nit:. defeulr to the ,4 ti:t, . , c !te;- Amortgagee may demand. sue
<br />r°
<br />ftyr aru :e�: =,z >t , t: o ,and p wyahir bu: shai! n,,1 he c ,: t , �s a, rgrrmcnt :, It, ternunate
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