|
79~, Q~i~653 a,
<br />allowed by law or federal regulation. Principal amounts prepaid prior- to maturity must
<br />be in amounts equal to one or more subsequent principal payments.
<br />3. That in addition #o, and together with, the monthly installments provided for
<br />under the terms of the aforesaid Promissory Note and any other notes or agreements for
<br />additional advances as provided herein Mortgagor will pay as an advar+ce payment to
<br />Mortgagee an the first day of each month until said Note and the total indebtedness
<br />secured hereby is fully paid, an amount estimated by Mortgagee to be sufficient to enable
<br />the Mortgagee to pay all taxes, assessments tgeneral err special), rents, and other
<br />similar chargers against the above described premises, as the same become due. Such
<br />advance payrents shall be paid each month together with the monthly installments provided
<br />tar under the terms of said Promissory Note and any ether notes or agreements far
<br />additiona3 advances as provided herein in a single payment and shall not be, nor deemed
<br />to be, trust funds but may be commingled with other such funds or the general funds of the
<br />~tartgagoe, and no interest shall be payable in rasped thereaf. P",artgacar shat: promptly
<br />forward to Mortgagee all bills for fiaxes, assessments and rents and Mortgagee will use
<br />said advance payments far the payment of said bills. P'brtgagee may, from time to tune,
<br />at its aptien, waive, and after such waiver, reinstate any and all provisions of this
<br />paragraph requiring such advance payments, by notice to D'brtgagor in writing. While such
<br />waiver is in effect, Mortgagor shall pay ail taxes, asses.~~enfis and rants as otherwise
<br />provided hereinafter.
<br />4. If The Iota: at the advance payr~nts made by the h}ortgagar shall exceed the
<br />~maunt of payrrants actually made by the t~..rtgagee for taxes, assessments er rents, as the
<br />case may be, su~.h excess, at the Jption of the Portgagee, she h be credited by the
<br />i•~~rtga~ on subsequent payr,,ents to ba made by the hlartgagor, err refunded to the Mortgagor.
<br />i#, however, the monthly acvance pdyr~nts made by the t,,origagor shat; not be sufficient
<br />Ter pay such taxers, assessrents and rar:ts, as the case may be, when the same shall became
<br />aue erne payab;a, then the wSar'garor shall pay to the Mortgagee any ar.~unt necessary to make
<br />uR ihs der#iciency, an err before the date when payment of such taxes, assessments or rents
<br />snail be due. if at env tisra The ?+iortgayor shall #ender to the ti`.ortgagee, in acoorGance
<br />tiith the provisions of the 'ote secured hereby, tali pay.:~nt of ?r,e entire indebtedness
<br />represented ther,;~y, the f•4artoa_ee shat 1, in carputing the ams*:~ni of such ir,deb#adne.s,
<br />credit to tna account of the ?~,artgagor ar,y credit balancer accumulated e:ndar the above
<br />;±araeraph, if there she!! be a dafau;t under any of the provisions of this v'rartgage
<br />resulting in d public sale of the premises oovered hereby or it the ~~r#gagee acquires the
<br />prc~ar#v othe-wise alter tlefa.i#, 7ne Nc^.rtga3ee shall ar•piy i such ^?anner as '<brtGdgea
<br />snai 3 dat,=r?r,ine t732 1alance o° ad~dnca payrrrenfis than, remaining ,n the funds accurrula?ed
<br />::n;ar the above ~aragraeh, as a crceit aaainst the inGebtedness secured here, y.
<br />:,. That in the event any of the ^~nthiy advancer payments rroi~ided herein err eronthiy
<br />;rst3tlments proviaetl tar under the tarns of said Promissory Nate and any other notes err
<br />agrea~~nts for ac3a;`ionai ddvsnces Haler not teen made ``;' ?.Fa tenth day of the r+or,th in
<br />ir'?i,..., Si..... i~3Y~`^; wd5 u;=@, :, 1,?o Cry; r.~e £~# u'~ ':~ 'Ta^ l i') L~ErC2tlt Qt :'he ci7~:Jnt ~f caid
<br />r'~J53 t?31y payr:,E?~t may .^a8 a~5c''s Seu '~J}' the AssoclatiL^•P. 7a C.^,Yer til? Bxtra expense InVJIG"93
<br />isi ranaiij,g delinquent pam~~t>. 'he Association shall not be obiigafa_ to accept any
<br />rrx~nthiy payman# made diter the ten'n day of fha ninth unless said rpn#^,iy pa}°ment shah
<br />r~,? .art'-,~,neY?nia~i ."sv t1'?E fu? 3;anT GT 'i'n2 13'fe ~!la ri~.'r.° 35525s E.j, by fihE n55*?~13tt ai: d5
<br />}'3rav~eti T±~r$iT_+:
<br />~.. :a {zay art' and <:ii `axes, dssessr.~nts igrnerai srecia.:, rent; ar,G ether similar
<br />cf~arges ie^+ied and assessed ?gainst tf:a premises, ;his t~r`srtd:aga, or indabter,rass hereby
<br />sa~ureL, ve?are that' bacar:~ ?~li?quE^t, :err whim provisions has rat been rraae nerainbetare,
<br />and in aetaut? thcrea# -..~ °-brtga~2 ray ~- *ha saw, ar:u ai i r~s:evs se a;5vancea wi1*
<br />intEresfi at !< ~ m ,ran tr,e irate of suctl payrent shay ( ~e r?paid ay~ r~rtcagor upar,
<br />uEt`an~ a*~d sh,al I der secured by this ~'krtcagu.
<br />Tt.vt i~rtg3.?,J' .i l ±.2s.~ ~«E irk-'„»e'5cn#S .:=.1 sai~ p*ea::i5E5 insured daair;St ;ii5~
<br />_ _ tin-~a_
<br />x~fT_~? a.r2, ai~ht~i`:5 draw ~?~c~r `.3=a-r ~3 incitidc'v ,,, ,~,,_ =tai-:v 3rG cxt2^~_ed .._.er gB enu,..,
<br />'-ACr:t ~i3~;a F'l t.~iG ?nS.,. ,..iCE' ,. ': C're +`G-'C, ~: d?~cG ~'4 T:1J rtGagea) Ir ..., a4ou-~', Iat +e5~ .. 4,M tt1L
<br />;F$~i~a9{J ..~Avh-c L~ ijt 'new.`, .~::. to u''~25= ~L~~-'.rC~l1. !l.~. r.~. (7 ;i: V:I ?i-i 1~:~~, i fir:}r )a`~6,~i )e tG Sa~v
<br />>: u~3dt +,.'", i`.' _ C-~.t~;d-'11 Ct ~J, .-i3.:ic> c..~~p~d'~JI8 tv t'1 n~_.-~:a?:u~~ ..'?C'i Sth^~tr3u SliCh ~3i>CJ
<br />_. 3i £s?s k!?-'~?=1,- d^~_ rl"~~i5,...., ,^,o` ~.^.~3~ 1 i.^.:i? t^8 ,,,~_. ~,..~ Cam^?"Yi> I fa21i i itY t0
<br />- !~~? ~F°a-~.., ... ~ C~~~ ... ~aTF.3~ '~ ,i.e f'.;li ~,. v..... far w.^., ~.. r~,i;.'q i~ izr~t;"scn,
<br />-, ~ s`„w»i ~::'1- ~f ~: ?`S ~F~s~"~ =-E ?~.- .`~e rru`r ~, GEt~~_:33i i vE ii?an c°k.=~ ~.' SuTti:~; e!i? TCU, .~.'i' 31 I `it?,e5,
<br />Tui;q ,~`.-rot=_.t tear. AS ~~~; i~,;?n. i# 'r~YJrtgao'ur t3ii5 tv Lr~Cure :,r ,,:ain'_,., ~u"1 in5 u, ~,.Ce
<br />,r. rra =°a-rner :.it'-acs#:a~- `arEin, the Assavi3~9cn may, st its. v~';on, Pro-=ura anG pa; for
<br />SJY: P, irr5i:r$r+Ci', a,a al? t£(Irr c~y'S ~u atl Yi"Sn ced with intUr'Ets? at '.~ m from fhc' date Jt
<br />svo-t, pa}~~t sfza s ~i~ :~; z1 ay` ~s:rxyd~r uian da^sar,d, a;ld _"a; ; be sE~ured by tip i 5
<br />SdcrfiQa~.
<br />d. Trot tea 9bortgagc:r rill keep tt.e ?+ui3dins u;.+cn said prerr.ises ;;, ;~c,d rapafr, and
<br />neittser ~:at r~r pt:rzeit wwste ;i~c~n =_aid lard, nor Butte. the same premi>es to 4e ::red
<br />tar any velar#ui purpgsa. fi+tar#gagcr tvrtrer agrea~ that without tt~e wri#ten car.srnt ct
<br />tt F~aral Sa;-legs and 1oar, ra buildings err additions to existis,g buildings shod be
<br />erected and ail parking and landscaped areas shat! bs satisfa~.torily train#aine~'.
<br />~» That in the event the ,orstnisES ^r any part ih._recf be td~:en err damagetl by reason
<br />of any pubic ii4~irvve~it or condet~ration proceedings, err ;nder right of erir,er.t Bomair,,
<br />or in arsy at#rar maarner, Mortgagee shalt be enYiiied at its option to ~o^,merlc_, appear ir,
<br />
|