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82002175
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Last modified
3/10/2009 5:00:57 AM
Creation date
2/27/2009 11:38:04 PM
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DEEDS
Inst Number
82002175
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<br />its option, perform the same, and the expense thereof, <br />together with z,nterest at /~ 'per annum from the' date the <br />expenses incurred until the date of reimbursement by the' <br />Mortgagor to the Portgagee, shall immediately be due and <br />payable from the Mortgagor to the Mortgagee,'_and be secured <br />by the Wraparound Hortgage. <br />10: Notices and payments.- The Mortgagee agree, <br />to promptlp send to the Mortgagor copies of"ang notices <br />received by it from the holder of the First Mortgage. Tne <br />Mortgagee-.agrees to, send to the Afortg gor, at the ime.the <br />Mortgagee makes each monthly payment to the holder: of the <br />First ?lorxgage provided in paragraph 4(a) hereof to be made <br />by ;the Mor gagee to Such holder of the First Mortgagee, and <br />advice that such•payment has been made.. (A copy of the' <br />Hortgagee's traasmittai letter, if any, will suffice). <br />12. Prepayment.: Thn iortgagor sha11 have the. <br />right to prepay in full the unpaid balance of the indebtedness <br />under the-Wraparound 'iartgage at any time in any m ltiple' <br />of the monthly paymen s, without penalty. in the 'evenC the <br />Mortgagor".:prepays the whole-af Che unpaid pr.;incipa bafiance <br />of tfse indebtedness under the Wraparound 'fortgage, the <br />Mortgagee shall be required to pay aff'the balance'af the <br />First Mortgage, in accordance with the,.terms and conditions <br />of such First ?fortgage. In the event there is any prepayment <br />charges due u:tder the First Mortgage, the Mortgagor shall be <br />- _ <br /> <br /> <br /> <br />{ <br />
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