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<br />a! #a~wed by law ar federal reguVati,cn, Princiral ¢r;uauras prepaid prior 'ra u^~~turi~,y must
<br />,e ir; amounts equal to one cr mare suusequent princlpa!' pay~~~nts.
<br />3. That i r. addition ta, and together W i th , t'-iE rr"onth i y i nsta i I rr~n-s provided for
<br />under the terms of fiho aforesaid Promissory Note and any other noes or agreements for
<br />additional advances as provided herein t~~rtgagor wilt pay as an advance payment to
<br />~~iortgagee cn the `first day of each month until said dote and the Iota! indebtedness
<br />secured hereby is fully paid, ar. amount estimated by F+tor#gagee to bE sufficient to enable
<br />the %lartgagee to pay all taxes, assessments (general or special}, rents, and other
<br />similar charges against the above described premises, as the same became due. Such
<br />advance payments shat! be paid each month together with the month-ly installments provided
<br />for under the terms of said Promissory Note and any other notes or agreements for
<br />additianai advances as provided herein in a single payment and shall not b2, r,or deemed
<br />to bo, trust funds but may be commingled with other such funds or the general funds of the
<br />tl~ortgagee, and no interest shalt be payable in respect thereof. t~'lartgagor shall prompt{y
<br />forwarC #a Mortgagee a!! bills for taxes, assessments and rents and hbrtgagee wit! use
<br />said advance payments for the payment of said bills. Mortgagee may, from time to fiime,
<br />at its option, waive, and affier such waiver, reinstate any and alt orovisior.s of this
<br />paragraph requiring such advance payments, by notice to Mortgagor in writing. While such
<br />waiver is in effect, Mortgagor shall pay ail taxes, assessments and rents as otherwise
<br />provided hereinafter.
<br />4. if the total of the advance payments made by the Mortgagor shall exceed the
<br />amount of payments actually made by the Mortgagee for taxes, assessments or rents, as the
<br />case may be, such excess, at the option of the Mortgagee, shall be credited by the
<br />t~'brtgagoe on su,4.sequent payments to be made by the ffiortgagor, or refunded to the Mortgagor.
<br />If, however, tf,E monthly advance payments made by the Mortgagor shall not be sufficient
<br />to pay such taxes, assessments and rents, as the cast may be, when the same shalt become
<br />due and payable, then the Mortgagor shah pay to the Mortgagee any amount necessary to make
<br />up the deficiency, on or before the date when paymen# of such taxes, assessments or rents
<br />shall be duo. if at any time the t+',ortgagor shall tender #o the Mortgagee, in accordance
<br />with the provisions of the Note secured hereby, #ull payment of the entire indebtedness
<br />represented thereby, the rortgagee shall, in computing the amount of such indebtedness,
<br />credit #a the account of the Mortgagor any credit balance accumulated under the above
<br />paragraph. if there shall be a default under any of the pravis=ons of this Mortgage
<br />resulting in a public sale of the premises covered hereby or if the I*",ortgagee acquires the
<br />property otherwise after default, the Mortgagee shall apply in such manner as Mortgagee
<br />snail defiermine the balance of advance payments then remaining in the funds accumulated
<br />under the above paragraph, as a credit against the indebtedness secured hereby.
<br />5. Tha# in the event any of the monthly advance payments provided herein or monthly
<br />installments provided for under the terms of said Promissory Note and any other notes or
<br />agreements for addi#ional advances have not been made by the tenth day of the month in
<br />which such payment was due, a Tate charge of up to ten ti0} percEnt of the amount of said
<br />mont#~ly payment rray be assessed by the Association to cover the extra expense 'tnvoived
<br />iii 3i~ndiing delinquent payments. The Association shall not bE obligated to aecep# any
<br />r~nthly payment •^ad° a{±er the #vnth day o. the :.,ter-th unless said monthly ^1y~nt >hall
<br />be aecompaniod by the full amount of fife late charge assessed 6y the Ass_ociatlon as
<br />pr°avided heroin.
<br />6. To pay any and alt taxes, assessments (general or special}, rents and other similar
<br />charges levied and assessed against the premises, this t~lortgage, or indebtedness hereby
<br />secured, before they become delinquent, for which provisions has not been made hereinbefore,
<br />and in default thereof the Mortgagee may pay the same, and all moneys so advanced with
<br />int2res# at i) p from the date of such payment shall be repaid by Mortgagor upon
<br />demand, and shat! be secured by this Mortgage.
<br />7. That Mortgagor will keep the improvements on said premises insured against Voss
<br />ifrom Piro, lightning and other hazards included in the standard extended coverage endorse-
<br />ment plus flood insurance where required by mortgagee} in an amount not less t~.v~- *ho
<br />unpaid balance of the indebtedness secured hereby, with loss, if any, payable to said
<br />Association, in a company or companies acceptable to the Association; and should such policy
<br />or policies contain any provision that could limit the insurance company"s Iiabiiity to
<br />pay the amount of any Toss or damage up to the full amount far which policy is written,
<br />the amount of insurance to be provided shall be in an amount sufficient to, at all times,
<br />fully protect ;he Association. If M~artg:.gar fails to procure or maintain such i.^.surar,ce
<br />in the manner specified herein, the Association may, at its option, procure and pay for
<br />such insurance, and all moneys so advanced with interesf ~t II ~ from the date of
<br />such payment shall be repaid by Mortgagor upon demand, and shall be secured by this
<br />Mortgage.
<br />8. That the Mortgagor will keep the buildings upor, said premises in good repair, and
<br />net#her commit nor permit waste upon said land, nor suffer the same premises to be used
<br />for any unlawful purpose. Mortgagor further agrees that without the written consent of
<br />!tome 1=ederal Savings and Loan no buildings or additions to existing buildings shall be
<br />erected and ail parking and landscaped areas shall be satisfactorily maintained.
<br />9. That in the event the premises or any port thereof be taken or damaged by reason
<br />of any public improvement or condemnation proceedings, or under right of eminent domain,
<br />or in any other manner, Mortgagee shall be entitled at its option to commence, appear in,
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