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<br />~84 ---~tio0i81 ~~' ~~159 a.
<br />allowed by law or federal regulation. .Principal amounts prepaid prior to mafiurity must
<br />be in amounts equal to one or more subsequent principal payments.
<br />3. That in addition to, and together with, the monthly installments provided for
<br />under the terms of the aforesaid Promissory .Dote and any other notes or agreements. for
<br />additional advances as provided herein "tortgagor will pay as an advance payment to
<br />iMortgayee on the first day oP each month until 'said Note and the total indebtedness-
<br />secured hereby is fully paid, on amount estimated by P~~ortgagee tr, be sufficient to enable
<br />the 1~lorigagee to pay a!: taxes, assessments (general or special3, rents, and other-
<br />sirrilar charges against the above described premises, as the same become-due. Such
<br />advance payments shall be paid each month tc~ether with-the monthly instalPments provided
<br />for under the terms of said Promissory 'dote and any other notes or agreements for
<br />additional advances as provided herein in a single payment and shall not be, nor deemed
<br />to be, trust funds but may be commingled with other such funds or the general funds of the
<br />IAortgayee, and no interest shall be payable in respect thereof. .>lortgagor sha11 promptly
<br />forward to tsortyagee all bills for taxes, assessments and rents and ~+lortgayee will use
<br />said advance payments for the payment of said bills. "lortgagee may, from time to time,
<br />at i'rs option, waive, and after such wai~.er, reinstate any and -all provisions of this
<br />paragraph requiring such ..~ance payments b„ notice to 'ortaagor in writing. 4lhile such-
<br />r;aiver is in effect, )1ortgagor shalt pay :~~If taxes, assessments and rents as otherwise
<br />provided hereinafter.
<br />4. if the total of the advance paymanis made by *ne "Mortgagor shall exceed the
<br />amouni of payments actuali rnad2 L the f~";ortgagoa for taxes, assessments or rents, as the
<br />case ma•~- oe, such =:xcess, a~ he optior; of tt;e ;'~k~rtg~goe, .hat I be creditc-d by the
<br />i~~rtgagee on subseq~-tent Daymenrs to oe made r>y the Diortgagor, or refunded to the ±dortgayor.
<br />It, hc..•ever, the rnonthfw adv_ince payments mate by the r.1or'tgagor shall not be sufficient
<br />o pay such taxes, assessments and rant:, ,._ tr,e rase tray be, ~•rhen the same shall become
<br />cue and payable, then tt;e i:ior°gaecr shai I p~,y .,~ the :"•1ortgagee any amount necessaryro make
<br />up the deticiency, on or before ~ date when pay;nen.t of such taxes, assessments or rents
<br />shall be due. I± at ~ „see the "~;orrgaqur shall fonder to the i~ortgagae, in ar_cordance
<br />with 'the provisions of the.•iote secured nereoy, i:,ll payment of th~a entire indebtedness
<br />representeu ±hereby, thr-s•iortgagee shall, in computing ihe- amount of such indebtedness,
<br />credit to the account ,. the `lortcagor ar,y credit balance accumulated under the above
<br />parograph. if there shall :~ :: aefaui under a+~y of the provisions of this h1ortgage
<br />resuitinq i^ ~ ublic sale .~- -..a promises covered hereby or if the f•9ortgayee acquires the
<br />property otherwise after .;efc.uit, the ~dortgacee shall apply in such manner as r~?artgagee
<br />sF:ali determine tr.e 6aianca of edvance payments ;-hen rema3ir,ing ,:, ,:,~ funds accumulated
<br />^nder the abev~~ poragrapn, as ~ credit against the indebtedness seared Wert.,
<br />5. That in the went any of the monthly advance payments provided herein or monthly
<br />instailraents pra.~ided for anger the tears o{ s.:id Promissory \ote and any other notes or
<br />agreements for additional advareis rave riot been made pt' tt~e tenth day of the month in
<br />.,pion such payment a•.as dug, ,,,. ~,:arye of uk tc ten , 10) percent of the arr~unt of said
<br />riiontn I y oayrr~.n ~ m y -a ~ se., ~~d ~ s ~ i aT +a cUVBr ihe extra expense i nvo I ved
<br />Li r,andl my ~~,,^~.,an' ::o,mre s, ,a Fs_~>~.afi~ shai I r~o` oc obligated to accept any
<br />monthly payrr,ent .r_aade after th? lento day o{. the month unless said rr~nthly payarent shall
<br />pe accorrpan i ed r,y the fu. i a~i~cu: r of the {ate charge assessed by the Association as
<br />provided herein.
<br />... 7o pay any and ail ,axe>, assessments (general or special), tools and other similar
<br />cnaryes levied and a sassed against tha premises, this (~ICrtgage, or indebtedness Prer-eby
<br />secured, before that' 'pecome r;eiinquent, sot -:hich provisions pas not boon made her'einbefore,
<br />.and in default :hereof tha Mortgagee may pay the same, oral all moneys so advanced vrith
<br />interest at Lg ;A from the date ofi such payment shall be repaid ny Portgagor upon
<br />damand, and shall ba seeurad by ti~is dortyage.
<br />7. That Mortgagor will r<eep the Lnprovemen#s on ;aid ,~remi>es insured .against loss
<br />(from ?ire, lightr,inq and other ,,^.azards included in 'the standard exte~ided coveri9ge 2ndurse-
<br />merti' plus ::.+od ,r,surance vrhera rec;uired by mortgagee} :,: a„ amount not less thran the
<br />unpaid balance or` the indebtedness secured ~,ereby, +,iih Toss, :: :.ny, payable to said
<br />Assoclat ion, ire a co~:rpany or ec~rrpanies accc:pfabie to ti,a Association; ar?d should Such pol icy
<br />er policies cv'ntain any. pr~wi~ion ;hat o~crd ,unit the .:,,.,~ance c.<,,r*m~:or,y's lie,bility ;`o
<br />,gay the amount of any foss or aamage up to ihe fui i arr2:,.r:t for- :vhicii pol icy is :rri~tten,
<br />the arnourrt of insura?ce to be t•rovidad shall be in an orrx~uni sui f, _Ier,-t to, of ail times,
<br />;ally protect the Association. If i/iortga~;or `ails to i3r~lCUre or maintain such insurance
<br />in the manner specified herein, the Association r:~ay, ,st it option, procure and }:ay for
<br />suer insurance, and a;l rrwne;•s sa advanced :..iih inTeres". vt 19 from th<= dale or
<br />uch pay3?to'nt shai ! be r ep~i d ft' .o _ty~,r,~r cpG , .~,,.nd, .~ ,u ~ na ~ <<, sc~u ed by i i-,
<br />?•;o; ; ~ag2.
<br />d. f=rat rr:c sMvrtgagor' ,~ i i i i<~i;p 'rr,v , u i ~: i _ .r; •;, s~.c; >. s ~ _,__ i~. gt,od pair, ~•nd
<br />neir?;e; catrxr,;- r~or permit wa>te Upon ._~id Icnd rz:,r ._;,*fer ti,~o ..en:t ,;r~,mi±>es l,_ be u_:.ed
<br />Eor any ur,la,w`ui purpose. itik;rFgagor further agrce> 'f;at witi~:u t ~i;a m~ri.ten ;,~ opt of
<br />;fu;r,e :edera! Saving:, and ,-~~, no Dui idiot's .., audi-lions ?r, uxi i „i bu'iuini;s ~;iai 1 oe
<br />::rooted and-alt ;;crr'iirr~g 3rd~i;indocUheu ~:re.~ .,: .-~ ..: ar~irc criiy r.,irn„ire+'1.
<br />- 9. l,r,;at l the ~;~.~nt the pr'emise3 ~, u,:~r r.rr lhvr~.:>f ;;e '-.ri.~ar: ~.-, ~,3rragc.. by re.•a~on
<br />cf ar',p puv£ Ic imprvv,>rner~r .~r .r;andc.-„oats ar .Sf c~,c-. ; ~n.,__~, ., ~ , s r i rh± _ , ~, ~~ ~_.,..
<br />.,, i;t a.ry .~a,i~~r r:Wr~ner, ~arts,Jac.,t-v strap _ e.-.irir~d :.: _ iai---~ ,t ,_~:-~-~~ .~, ~ .
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