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<br />ul lowed by Ilaw or #ederc~l rsgullati<;rr,. iF~ri~ncip~P ~;rn.;;; ~#"~ „roper"d Frris„=r ia' c:s~ur~#`'-y rr~st
<br />be in amounts equaai to pane or rors sucxseq,uent prir'it:t;~aii f,a.r,mir~r,t~~.
<br />3. That ir. additian to, and together wits, the ninthly instaii:rvr:?s ;,rovided far
<br />under the terms of the aforesaid Promissory ;Dote and any other notes oragreemen?s for
<br />additional advances as provided herein Dtortgaaar will pay as an advance payment to
<br />Mortgagee on the first day of each month until said Ncte and the tatai indebtedness
<br />secured hereby is fully paid, an amount estimated by Nortgagee to be s!~fficient to enable
<br />the Mortgagee to pay alt taxes, assessments (general or special), rents, and ether
<br />similar charges against the zbove described orsmises, zs the same become due. Such
<br />advance payments shall be paid each month together with the monthly installments provided
<br />for under the terms of said Promissory IJote and any other notes or agreements for
<br />atlditianai advances as provided herein in a single payment and shat{ not be, nor deemed
<br />to be, trust funds but may be commingled with other such funds or the general funds of the
<br />Mortgagee, and no interest shat! be payable in respect thereof. Mortgagor shall promptly
<br />forward to Mortgagee ail bills for taxes, assessments and rents and l+iertgagee will use
<br />said advance payments for the payment of said bills. Mortgagee may, from time to time,
<br />at its option, waive, and after such waiver, reinstate any and ail provisions of this
<br />paragraph requiring such advance payments, by notice to Mortgagor in writing. While such
<br />waiver is in effect, Mortgagor shall pay all taxes, assessments and rents zs otherwise
<br />provided hereinafter.
<br />4. If the total of the advance payments made by the tortgagor 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•1ortgagee on subsequent payments to be made by the Mortgagor, or refunded to the Mortgagor.
<br />If, however, the monthly advance payments made by the Mortgagor shall not be sufficient
<br />to pay such taxes, assessments and rents, as the case may be, when the same shall become
<br />due and payable, then the Mortgagor shall pay to the Nortgagee any amount necessary to make
<br />up the deficiency, on or before the date when payment of such taxes, assessments or rents
<br />shall be due. It at any tune the Mortgagor shall tender to the Mortgagee, in accordance
<br />with the provisions of the Note secured hereby, full payment of the entire indebtedness
<br />represented thereby, the Mortgagee shall, in computing the amount of such indebtedness,
<br />credit to the account of the Mortgagor any credifi balance accumulated under the above
<br />paragraph. If there shall be a default under any of the provisions of this Mortgage
<br />resulting in a public sale of the premises covered hereby or if the Mortgagee acquires the
<br />property otherwise after default, the Mortgagee shall app!}~ in such manner as Mortgages
<br />shall determine 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. That 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 #or additional advances have not been made by the tenth day of the month in
<br />which such payment was due, a tats charge of up to ten (IO) percent of the amount of said
<br />monthly payment may be assessed by the Association to cover the extra expense involved
<br />in handling delinquent payments. The Association shall not 6e obligated to accept any
<br />man#h1y payment made after the tenth day of the rrx~nth unless said monthly payment shalt
<br />be accompanied by the full amour,( of the fats charge assessed by the Association as
<br />provided herein.
<br />a. To pay any and all taxes, assessments tgenerai or special), rents and other simi-tar--
<br />charges levied and assessed against the premises, this Nbrtgage, ar 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 />interest at ~- p from the date of such payment shall be repaid by Mortgagor upon
<br />demand, and shall be secure.i by this Mortgage.
<br />7. That "4ortgagor will keep the improvements on said premises insured against loss
<br />(from fire, 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 Shan the
<br />unpaid balance of the indebtedness secured hereby, with loss, if any, payable to said
<br />Association, in a company ar companies acceptable to the Association; and should such policy
<br />ar policies contain any provision that could limit the insurance company's liability to
<br />pay 'the amount of any loss or damage up to the full amount for 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 the Association, If Mortgagor fzils to procure or maintain such insurance
<br />in the manner specified herein, the Association may, at its option, procure and pay for
<br />such insurance, and ail moneys so advanced with interest at 12 ~ from the date of
<br />such payment shall be repaid by Mortgagor upon demand, and shall be secured try this
<br />PAorfigage.
<br />8. That the Mortgagor will keep the buildings upon said premises in good repair, and
<br />neither 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 />Home Federal Savings and Loan no buildings or additions to existing buildings shall be
<br />erected and alt parking and landscaped areas shall be satisfactorily maintained.
<br />9. That in the event the premises or any part 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 a't its crtion to commence, appear in,
<br />
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