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<br />Q3-o06694
<br />Xlt'lt~KllXlllOllllC:xrxwK1UJelI_>>lOOIlI~~r
<br />~llIUlIIIOIIt~'fIR1i~J"'/J:UDKEll!~e
<br />X~ lit
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<br />(b)
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<br />
<br />(c)
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<br />.,
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<br />XWXXX~~~~~t,
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<br />(II) ground rents. taxes, as.sessments. nre and other hazard insurance premiums;
<br />(III) interest on the note secured hereby; and
<br />(IV) amortiz.lion of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by lheMorl.
<br />gagor prior to the due date uf the next such paymcrn. constitute an event of default under this mortgage. The
<br />Mortgagee may collect a "late charge" not to exceed fn", coms (4V) for each doHar ($1) of each payment more
<br />than fifteen (! 5) days in arrears to cover the exua expense involved in handling delinquent payments.
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<br />:1, That if the total of the payments made by th" \lort/(a/(or under (hi o[ panlj(raph 2 prec"din/( shall exceed
<br />the amount of payments actually made by the \1ort~~ee for 1rround rents. laxes and assessmenis or insuranc~ pre-
<br />miums, as the l'ase may' be, ~"ch excess, if the loan is current, a{ the oprion of the Mortgagor, shall be credtted hj
<br />liIe Mortgagee on Hubsequent payments t<> 00 made by the \lortgagor, or refunded to the Mortgagor. If. however, the
<br />monthly payments made by rhe Mortgagor under (h) of paragraph 2 preceding shall not 00 sufficient to pay grOllnd
<br />rent". taxes and assessment.s or insurance premiums~ as th(>- eoL.,t' may be. Wh(,ll the :-;ame Hhall become due and pay-
<br />able, tlren the Mortgagor shall pay to Ihe \1ortga/(et' any amount nece"sary to make up Ihe deficiency, on or before
<br />the datA; when p.aymf'nt of such ground rents. iax\~~. a..':\sessments or inHuran<'e premiums shall be due. If at any
<br />Ume the Mortgagor shall tender to ihe Mort/(lljlee, in accordance with the provbions of the note HecureJl hereby,
<br />full payment of tlte entin' indebtednes" represented thereby, the \lort!(agl'e Hhal!. in COmpU!in.e amount of such
<br />[0: - M . , t" ovisions ~~2
<br />X. ...' M~~t
<br />X . (b) of paragraph 2 hereof. If Ih.,
<br />shall be.a default under:any of thf~ provi.sions or this mort.g~lge n'~ultin~ in a public sale of the premises {'OVP! J-d
<br />hereby, or if th" Mortgagee acquires the property otherwi"e aner default, the \lor!gagel' ,hall apply, at the time of
<br />the oommen(~ement of ~dl procoodinF:~. or at the timt~ the proJK'rty i.... oiherwi:"l' acquiwd. the balance then re.main-
<br />ing in the fund~ accumulated un~~l~I:L?.LP..~~1h ~V'e_~~'<;d~'n . as 11 ('r:~_~~~n~?_i."st th~ amount ofJ!~!!l_~~i'p!!~.~~n
<br />.Jr~-~ai9nli!n~\} u'W aid unO..,. ~aid n"'''.~ t!~~,,'i ~1l'lMttK~,\;,ili~~)
<br />X~ ...
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<br />4. That tbe Mortgagor win pay ground rents. taxes. asse-s~ments. water rates. i}nd other governmental or municipal
<br />charges, fines. or impositiOfls. for whil,;h provislon ha~ not been made hereinbefore. ~md in default thereof the Mortgagee may
<br />pay tbe same~ and that the Mortgagor wilt promptly deliver Ihe official receipts therefor to the Mortgagee.
<br />S, The Mortgagor will pay alllaxes which may he levied upon the Mortgagee's interest in s,lid re~11 estate imd improve-
<br />ments. and which may be levied upon this mortgage or the debt secured hereby tbut only to the extent that such is not prohibit-
<br />ed by law and onl)' to the extent that such will not mnke this loan usurious;, but excluding any income tax, State or Federal.
<br />imposed on Mortgagee, ami will file Ihe official receipt showing ,uch payment wilh the Mortgagee. Upon violalion of this under.
<br />taking, or if the MortgllgOr is prohibited by any law now or hereafter existing from paring the whole or anI' portion of the a[ore-
<br />said taxe.s. or upon the rendering \.\( any ~ourt decree prohibiting the payment by tl!~ Mortgagor or any ~uch taxes. or if such law
<br />or decree provides Ihat any .mount so paid by tbe Mortgagor ,hall be crediled on Ihe mortgage debl, the Mortgagee shall have
<br />the rigbt to gt'Ve ninety days' wriuen notice to the owner of the mortgaged premises. requiring the p..lymenr of the mortgage
<br />debt. If such ooti<;e he given, the said debt ,hall Decome due. parable and colleclible al the expiralion of said ninety days.
<br />6. That should hefailto par any sum or keep anycovenllntprovided [or in this Mortgage, then the Mortgagee, at its op.
<br />lion. may pay or perCnrm the SllllIe, and all expenditures S{) made shall he added to the principal sum owing on the "bove note,
<br />shall be -"'Cured hereby. and shall bear interest atlbe rale set forth in the said note, until paid.
<br />7. That he hereby "'signs, transfers and ..ts OVer to the Mortgagee, to be applied toward the payment o[ Ihe note and all
<br />sums secured hereby in case of a default in the performance of any of the terms and conditions of this Mortgage or the. said
<br />no-lc-. aU the rent$.. revenw:s and income to be derived from the mortgaged premises during such time 3S the mortgage indebted-
<br />neu shall remain unpaid; and the Mortgag<< shall have power 10 app<>inl aoy agent or agents il may desire for the purpose of
<br />",~said premisl:s and of ",nting {he same and collecting the rents, revenues and income, and it may payout or said in-
<br />com:es-aU expeft~s of repairing said premises and necessary commjssions and expenses incurred in renting and managing the
<br />same. and ofcoUecting renw. therefrom; the balance remaining, if any. to be applied loward the discharge of said mortgage
<br />indebtedne.s.
<br />8. That be will ,keep-tM- improvements now existing,or h_ereafter erected on the mortgagcu propeny. insured a~ may be
<br />required: from time to time b}' the Mortgagee against Joss by fire and other haza,rds. casualties and contingencies in \uch
<br />__andlOl' s..dU>"riod.... maybe requiredhy the Mortgagee and will pay promptly, when due, any premiums on such
<br />i~- _PfOJflsion for pa)'tDC'nt of wbk-h has- nol, been made hereinbe-fore, /\11 insurance shaH be carried in companies ap~
<br />Pl<,.'Od by the Mortpgee and the p<>lieie. and ",,",waf,; ,hereof .hall be held by the Mortgagee and have attached lherel<> loss
<br />payabk da_ iofav.,...j>{ and in fOtJll ae."ptable to tbe Mortgagee. In event of loss Mortgagor will give immediate ootice by
<br />_ilto /llII~e. whl-> may malt<: proof of h", if nOI made promptly by MortgagOr. and each insuraoce company con.
<br />~iahctetly lllItiloriU<l and directed ro malt<: payment for such loss directly to the Mortgagee instead of tll the Mortgagor
<br />llrId tMM~jointly,..nd the itmlrall<:<: pwc<:ed$. or any part thereof. may be applied by the ~Inr{gagee alits or-lion either
<br />tot"'~tK:_ ohhe,~./1crcby se<;Ilrcdor III there.torati"" or repair of the property damaged. In event of foreclo.
<br />__.of'uu.~Ql'OlherJI'tIA$fer of tillel" themortll3ll"d pfl>pefly in extinguishment of t!>to indebtedness secureJ hereby,
<br />.... till4l1t1d itltem,l of the MortallIIOt in ami,,) ""yin.urance p<>licie. then in force sholl pl'SS to the purchaset or gramee.
<br />'I, 1'blttlt$ ~tIllland ct\lhlwllh<<:,,"ty for the payment of the note deocnl>ed,.nd.ll sums '0 hecome due unde!' Ihis
<br />~, m.. ~.lterd>y u.~ !(, the~ Mortgagee all pmnts, revenue>. royalt;.,s, rights and I'>enefits accruing t<, the
<br />~ttnder any MCiall oil and.... loases on !!llid premi..., with the rightt" r""elve ami recclpt for the ".me .nd appl,
<br />ttwm lit ..winolt~ '" ",..II bef_ ,,. all<< tkfawl in l!>to conditions,,! Ihis mortgage, .nd theMl)rt~ee Ina~ demand, ,ue
<br />Ill!: and ~;~,~. ~llt$...lten dut> andpll.Yllble,bo, 1<Im1J not be r..quired ", w J\l Tlus ..sIlln....,nt is to [e,mJOlltc
<br />and~.a1Olld voi4_ td_ i>f thilimo{'lJtUe.
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<br />HUL).9:t14~~M 1~"t_-J91
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