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85-005045 N
<br />1 (a) ft A suet equal u1 the ground rents, if any, next due, piles the premiums that will next become due and payable f,n
<br />policies of fire and other hazard incur:utee covering the mnngaged property,
<br />its [axes and assessments next title
<br />on fLe mortgaged pmprny /all as e.\tlnruted hr flee AlnrtcaRe'c/ Icss all sums a ?ready paid thetelordivided by tile
<br />number of months to elapse before one rnonth prior I,. the date when sll,h ground rents. picminns. taxes and
<br />assessnlenis will become delinquent. such sums to be held by :1lortgagec in oust to pay said ground rents. pre-
<br />miums, taxes and special assessments: and
<br />(b)(X* All payments mentioned in the two preceding subsection, of this paragraph and all payments to he made under
<br />the note secured heroiiby shall he added together, and the ,pgregate amount thcieof .hall be paid by [he Mortgagor
<br />each numdr m a single payment to he applied by the Morlgagce to life lullnwin ,tents ill the older set firth
<br />w
<br />(I) (bbl gltaulll rents, taxes, assessnlenis. fire MId othci hazard Insurance prenuunls,
<br />III) 1 interest on the note secured hereby; and
<br />( I I I I anurrwation of the principal of said note.
<br />Any deficiency in the amount cli any such aggregate monthly payment shall. unless made good b% the Mort-
<br />gagor prior to the duc date of the next such paynle,.l, c,.usiittrtc an teen' :11 default under Iho nwrtgage- The
<br />Mortgagee nary collect a "late cIialgC" not 1u exceed I„I;I cats 1-tdt tot .1, 11 e ?ollar ly l ? n? ea;h payment nl,lre
<br />than fifteen (t �) Jzl. s u, arrears w cover the extra expense involved fit handling de?Iny iem payments.
<br />:3. That if the total of the payment- made, by tilt, llorteaLor antler f ,W tit paragraph 2 preceding ,hall exceed
<br />the amount of paameHrt- actually made by the Mortgagee for eround rant utxo- and .i-- e- -meal= or in- uranc•e pre-
<br />mium.-, as the va._e may be, -ut•h excess, if tilt• loan Is current. it tilt option of the• Mortgagor, ,hall lie credited by
<br />the Mortgagee tin sub- eyuent pat- ment, In be made IIN the Murt,ae;nr, or refunded to Ihc, Moruragor If, howe\er, the
<br />monthly payment., made by the Mortgagor under B of paragraph preceding hall not he sufficient to pay ground
<br />rent. Iaxe.: and a =,,e- rnent, Fir in,urutce premium -. a- the case Il; \ he whorl the -amt -hall become due and pa\-
<br />able. then the Mortgagor -hall pan tit the 1loricagee any amount nee( --ar\ lot make tip the deficit-ncy, on far ht-fure
<br />the date \%hen payment of -uvh ground runt -, tare-, a, -e, -merit- or in- urance premium- -hall he due If at an\
<br />time the lionlgagor :hall tender to Ili(- llortgagve, in accordance \\ith tilt- prom -ion- of the note <ect red horeh\_
<br />full payment of rho entire indebiedne -- represented Iherehy. the Mor gJ,- VV -hall. ur eumputin_, the amount of -uch
<br />indebtedness, credit to tilt.• account of tile Mortgagor
<br />JavjbNty balance rema?nintc in the fund- accumulated antler the pro%i -tun- of i a. of paragraph Y hereof. If there
<br />-hail he a default under any of lilt, prod -ion- of Ihi- murinaee re- tilting ill :+ puhlic -ale of if c premi -e- ro\erotl
<br />hereby, or if Ilte Mortraget, aequlre- the propurf\ olhor,\i -e after default. the lion;rr_•r.e hall appl\. at the lime of
<br />the commencement of -uch pro teedin �,l-, or at it,,, lime Iho property 1- olherui -e- acqulrod. lilt- hala'acv [hen remain
<br />ing in the fund - ac•eumulated under I , of paragraph _' prt-redin.j,. u- a credo ;ILFain -t Ili(, amJtnv ul principal then
<br />remaininet unpaid under -aid note,
<br />�wwflDpbdt
<br />�. Ihal the Mortgagor \\Ifl p;n gnnlnld rem`. I;r.e,. a„c „nicni,. ,,:,let ;arc,. .Ind outer co\cnlrrlcnWl Ior inutticlpill
<br />charge,. fine,. ,I trnpo,ltion,. hlr ,,hwh plo, haul ha, 111,1 hcen ;nedL• hcic•rilhel -c. and Ili dcf;l";I ihercol the Morlgagec nt:n
<br />pan Ihe,arne: and Ihia file %forig.,gl,r ulll pn,nlpil, 'it lncr till otfirl "t re <elpl, Ihc :rl.n f,' Ihc \fl•rlgaecc
<br />(he Mortgagor „Ill pa, ell t.:\c` ,;inch mat he Ir, left up:nl !hc \torlclgt'c', urlvfc,T tit ,.ud real t-sime and inlpir,c-
<br />racnt,, and irhlch ill :r, he ie•,Ie•d upon Ihi, rnr,ng;lgr or The dlIIT ,c,: urea flue!`, Ihw md, I„ the C\tl•nl Itlal such I, nut pr,!hrhrl"
<br />ell h\ taw :111d unl% to the cxicnl that "I.Al ,oil n „I make fill, loan u,unouv. I'll; c,rludnlp ,:n\ mC.v"e I:r\. Slaic or I- cdcl;ll.
<br />tmpo,ed on Mortgagee..ind a llt file the 110M.11 TCLCIIII ,hn,t nlc • u, h {,.r. merit a Of the �Iwigaccc i'ptin \ iol.,uon ill Ibis under,
<br />Taking, -if it the Mortgagor I, pnlhlhllcd h\ :m% I.n\ lw\\ uI hef, Alcr”, ,],title 1rwn pa,ing lilt dilute nrrm% portion of lilt:.Ilorc.
<br />,;tnf tart,. or upon the rendering aI .tin t'anit[ dc•crtc prohlFnnlg the pa, titan h, the \loricagor of ant ,1101 Iesc,. Fir It *uch;,v,
<br />or dearer pr-ide, that .,n\ ,noun! •, , p.nd h\ the hill! he , rednc,i on Ihc morliacc ftchi. file Morigagec •.hall fi
<br />:',
<br />the -I011 It- _L•1A'c M[[[elt if ;: %, HritlCn fIti!ICe• I., the �rv.nel ,11 the Inorl L':o L•t'd prCml,C,. fcyWrink file p::, rin'JI tit the mnlinaRe
<br />dchl If N,ch Ill hCC he Ili, en. the ,and dchi ,hall he, me ,?Ill. pal.If,If .Intl a !It'', ill le .,I III, e'`.p11 ,!1 "171,1 •.and mnel, flat ,
<br />h, [lull ,Ilrl)Id he rant to pay mil ,Jnl ,J kcCp .MN , ,.•:[,nil pro „lded 1of II; 0.1, Mnrl�agl'. !hen Ihc' y1tillvill!Cc..,I It, "g-
<br />oon. nlay pay ur prrferlll life ,a!r,e..lml .111 c\I.cnd l nfre, ,,, m,;dc ,h,.I! he added I„ ;ht' f” 11)' q;d ,Jill o„ Inc! fill•
<br />I'll ,Ih,,,e rMle.
<br />,hall he ,retired hereby, and ,haft bean 1111CIC,I a ncc :,,it: `cl tr.rth tit the ,aid role will; anti
<br />' . Ihat ht! herehy ,,sign,. lran,ler, :Ind ,et, user to !ncc ttoll;;:,per. to he epphclt h " rd the pin Till fit of Ihc null .Ind
<br />.Ill
<br />,am, se•euted hcrch, in case of , defeull Fir the {,cfform. :tile of an, of the tam, ,mi .ondloon, .,1 this %fortg,lpt. „r Ihc
<br />note. all the rents. reremue, ant! mt.['Me to he dense,! frt,n! Ihc ! ;llollw.,t d pn'r,n,c, .hlf Inl: ,ucll Hine the nunfgapc mdcl•ICd
<br />.I,
<br />tic„ ,hall rennin nnp:nd: and the Mortgacee ,h:dl ha,, p.n +c, fo ,lpponit .,In .IL,'nI of Item, It Ina, Besot- lot Tilt' P1111U1,c .!f
<br />repairing said premise, find of rcmil!C the -.,mc and "dic,Hnc The rent,. Ic,t'mic, .111'1 nlunnc and II r1M% pay out of ,.od It
<br />dome, ;111 expenses of repairing s::ld prc rrler, ,,rid titre,,.: rornml „Inn, .!tie; c,peJ,r, mrnrit-d ill Icnum” .Ind 11"ll,glilt! the
<br />same and of o4lecting rental, ahcre•from, the f,•d,olcc rem.•Irmc. If ..n,. I., ht' .:p t,hcd ;ew.ad (it, Ihs,.hal r . I ,.ud morre.i
<br />;•e
<br />indehledtic ".
<br />M. Shat he will keep the lolpr, > \cnrerrt, non esl,llng u, htl—ficl cic.Ied .,n file m"Ill,lgcd pn,prrl\, minted tiro i,c
<br />.a
<br />rcqufred from urns to unit by the Morfg,,gce ag.tln,i lu„ ht life end othcl ha ,tlJ,. ,..,",life, ,,Fill tonnnpcnllc, m ,ul ll
<br />;uriuunt, anti for such period, a, . nfey he requfrcd h, the Mnitiagvc• .,(Ill \,III;,,,, I,lompfl, ...hcn d"e, an, plcnnunl, on ,Intl
<br />insurance provl,ion for peynlent If &IIIJI ha, Hut hecn made hcreinhetorr U ul,"Ier1u shift[ he
<br />,,tried Ili ,omp.lnlc, .If`
<br />pro,ckf I,,v the Mortgagee ,Ind [lie public•, ;Ind renew :!h thereof ,hall he held by The MI'lle.lece .,;af h,: \c .Ine,hrd Ihclrlt, Ins,
<br />p:tYahle 'hili,e•, In f;I%of lot ;lild Ill tooth ;fi., CfILihIv to) Ihl: Mtiftgi,ge't' Ill t•,('lll tit IO_ k1wivaem "III cnc' uliflledl.tit nollic h\
<br />mall to the Morigagce. %till many make proof ,.f lo„ If not nsade Inaoplh, h) Mollgal ;or. and each m,u1.114t•
<br />,nmp;nn ,,:n
<br />,Ctncd Is hcret,y aurh4Ifired and Ihre.nvl h, nJ,kc pa forth for ,",h lo„ duel[[\ To Ihl \L„Igagre ln,lead of iti tilt 1LJtt:.I;W
<br />and the MorlgatpVt• 141108%. and Ihc n,w;in e proceed,. tit ;tit% earl Ihcicof. nut\ he al I 'Ird I,\ till \folu!aF'ct 1•„ , oiler
<br />.,I puon t
<br />III file reduction tit tilt ntdebu•dne hcich, •c, lord of lu lilt' Ic,tolauon m rcp.ul M Ili( I,rl,;,clr\ I Im.,l cd h1 v\ till of I"T", I.,
<br />,-lie M chi, Itlnflf.•,.Ig C''Ir other Ir :lll,fe•f l,f Atli' w ffic Il lorig;Ilwd pl'ope'rl\ in v \llllgl11,1111will „f the Illdchled tic„ ,Ct mltj licit 1`s
<br />,II right Idle :I led tlllcre,l if the Minlp"g I !it !fill to ,Ill[ !n I1 /: II, I 111 It', III II If I„I I ! p 111 t' I'1Ir♦tl,"cl I 1. 'lll'1'
<br />Y f bar a- itliffl .Jai Ind odi lfer If '.Irtl\ f 1 ill l'1, !11 III fd [it, ""t, { „I i` i irw
<br />r!1„Ifk lye.. the x11 fIF'Ir�t 1 hcrch\ '1 IF r1, !., the' f ,Ili let 'ill tits.[ I, I<••. 11!1 ,. 11. II 11 i !,t Ili ill, l!I I„
<br />.I� lit I! I If!t
<br />%f6,ftP gm w0 r; ;tl\ ,Plid ,111 „11 old ,a, !, I l t •.Jd I ! Ill,[', 151111 Ihl III 1
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<br />111Cin If- •. :hid I, r f .t dnc,�., ',LII ht. t.If< 1, (11'1 1,11,11 If, It., If dill: ,11, .,! Ihl• •I, -I I,'.,,..' ,i 1. \.to ., 't !..t ,lo ,. "il -
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<br />"t'i . 5111 , �, '.rl ,ill I,'I .i .I .1:1,1' 1,!,.I It "wl"
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