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<br />under the Promissory Note and any other <br /> <br /> <br />r <br /> <br />. <br />84,-- 003299 <br /> <br />and encumbrances except as stated above, and (lii) Mortgagor will <br /> <br />r <br /> <br />the property against the lawful claimeof any person or entity. <br /> <br />1, PAY~~~. Mortgagor shall <br /> <br />Note. <br /> <br />2. ~JS.IC.S_, t-Iortgagor shall pay each installment of all <br /> <br />special assessments of every kind, ne-w .or <br /> <br />against the propert.y or any part ther(~of, before. same <br /> <br />without notice of d,'mand and shall provide Nortgagees <br /> <br />payment of same. Mortg<:lgor s}n\ll pay all assessments <br /> <br />upon Nort.gage.es I intf.=rest herein or upon the Mortgage <br /> <br />hereby without reg[ird t.o sny iairl that. may be e.nact-ed <br /> <br />the whole or any part thereof upon the Yortgagee.s. <br /> <br />3, IJ'SUR:':.~~~C:'tT l!:.g'~'I.!c~;i. Horcgagor shall <br /> <br />extended covcra~(~ tnsurance Lnsuring <br /> <br />tuting part of (he <br /> <br />Jpertv for an amoun.t equal to the <br /> <br />such U!lprOVemenlsJ t'xctu:sive c~f foundatIons, but in no <br /> <br />less than the llniOunt of th-t> unpaid principal balance of t.he Promi1iso.ry <br /> <br />~~{)te. .~UC{l tnsuran~:t' pcd tC1.i:S ~{b.,;')11 contain ';1 iJtandard mort?age clause <br /> <br />Ln f3vIJr of :~orrF;:q;;~>('F;; d.nd s.h.:111. not Lice c~Hlt:e.U~1ble. terminablf.~. or modi- <br /> <br />fiahle \\1iUwut U.."n (10) d..'iYS ""rJeten nuticij' to }~orq~age:es~ ~~o.rtgagor $hall <br /> <br />proraptJy rl:~ptli.r. maintain /ind r.;~.pj;.lCt-' tht.;' property or any part the:reof so <br /> <br />that, 0X~0pt tor \)rdindCV ~~ar ~li~d tear, the property $!}All not deteriorBt~- <br /> <br />1 n no t-:~V"'>Dt shall r hi'.' ;':or tgdy,or 1~()r:1mi t ,-J3.ste Dn or to the property. <br /> <br />20. _'.::'~.~~1~.~.9y~~L~ ~\D\'A_~~~~.~. ~f th(~ insurance required above is not <br /> <br />promptly effected, or <br /> <br />the taxes or special assessments levied fHld <br /> <br />aSBes~ed against. the property shJ:il.l become de.Linquent, Hortg.agee (whether <br /> <br />-2- <br /> <br />u <br /> <br />L <br /> <br />-.J <br /> <br />L <br />