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79- p~6'72~ 2- <br />allowed by law or federal regulation. Principal amounts prepair7 prior To maturity must <br />be in amounts equal to one er mare subsequent principal payments. <br />3. That in additian to, and together with, the monthly installments provided for <br />under the ter;as of the afaresaid Promissory Note and any other needs ar agreements for <br />addit?onai advances as provided herein 1•?ortgagar will pay as un advance ~uyment to <br />~~Kartgagaz on the first day of da::n month-until said Note and the total indebtedness <br />se=curea hereby is fully paid, an amount estimated by ?'•+c:rtgagee to be sufficient to er.ab(z <br />the tf~:rtgagee to pay- ail taxes, assessments faeneral ar special), rents, and other <br />similar charges against the above described premises, as the same become doz. Such <br />advance payments shall Ce paid each mcnti~ together with the monthly ir.stailmdnts provided <br />fir under the terms of said Promissory "Jete and any other notes ar aareemdnts far <br />additional ad~anczs as provided herein in a single payment and shall not Ce, nar deemed <br />,-~ be, trust funds Cut n.ay be commingled with athzr such funds or the general funds of the <br />~~i~rtgagee, and no interest shall Ce payable ?n respect therzot. Ftor'tgagor shall prompt?y <br />„ raard to Mor#gagae all Di?]s far taxes, assessments and rants and Mortgagee will use <br />;aid advance payments for #hd payment of said bid?s. T'artgagee may, fram time to time, <br />v. its aptior?, waive, and after such waiver, reinstate any and al3 orovisians of this <br />~aragrapn requiring such advance payments, b.. notice to R:brtgagor in writing. While such <br />xaiver is in effect, htartgag`r she!! pay a?( saxes, assessments and rents as othencise <br />aravided nerainaftdr. <br />~, if the Total of rive advance payments mace by the '~;artgaaor shell exceed the <br />ar.'k:urt at payments actually ^ode by the f-L.rtgagee far texas, assessments ar ren#s, as the <br />_ase may be, such excess, a+ the aptian of tna Mortgagee, she?t be Crddi#ed by the <br />•'~rtgagde on subsequent payments to ee a*,ade by the '~#ortoagar, or refunded to the h9artga~r. <br />i#, nave=era the mantn?y advance paya~nts a+ade. by tnd h'x;rtgagor snail not tae sufficient <br />o uav soon taxes. assessr»arts and rents, as the cast ma}' bz, caner, the same shat i 6eoor~ <br />uue grad payable, than the A~,rtga~r she;1 pay to tna °hortgagee any amount necessary to make <br />-; tna de#iciency, ar: o*- Cet:are the rata .'hen payr+er.t of such texas, assessments ar rents <br />~~ <br />s; a, l be due. tf a*. any brae the Mortgagor she? } under to The ~tertgagee, in accardancs <br />wi#s~ tt-~ ~:ravisians of the Nate secured herdb}', fu?? payment of the entire indebtedness _ <br />~~;,resented #nereby, the 'tar+sagee shat I, in ca;nputing The amount of such indebtedness, <br />.,~~a+,ir t:~ etas .=~aouni i', tna ?•"~;rtaagc* any credit balance accum:,tated under thz aGave <br />naragrap?a. if tnerz shall be a dsfault under any of the pravisiars of this !~~r#gaga <br />resuitirg ;r: a public sate c- t:~z premises ~o°.•ered hereby or if the '<,ortgagae acquires the <br />y,r~,perty otherrise aitzr default, the A9cr-gagae shat! apply ia3 suc?? ^ranner as ~Aartgsa°z <br />,.,..ii de#z~ir+e the balance of a_kan.;e pay*nants then remaininc in the funds accumulated <br />,:n ~r end crave paragraph, as a credit against the indebtedness secured Hereby. <br />~, That ir, the event any- of the *nontniy advance payrra•a#s provided herein ar morttrtly <br />ins#atiraents DraviCed for under the #ernas of said Pramissory tda#e and any other Hates ar <br />a„rL~r*~-sts far acditionai advances nave not bean made Cy the ter;th day of the mot^.th in <br />wr.ic.;h ~u'c paYnaent gas due, .. late charge of up to ten ttul) percent of the arroun# of said <br />mr,~•:Td,1 ; payx.,<n9 r, sy ~a assessed ay the As>-xi at Tan to ~avar #ne zxtra dxpense i rival ved <br />.ar:u i a r g Ga 3 i ry ,en# payrazn; 5 hd ~SsJO i at i an she i 3 n~;? Ce aC ~ i qa ed`o aUowp' any <br />r~.t,~iy '~ay~rsenf ~_.e of#ar end i~.atn rev of the rtiuatn unless said ~.Th?y payment shall <br />_ accampanSed by the fu7 i ac'w>;:,~' of -ma #ata oharge assessei lay °*c Assaaiaticn as <br />tr~oided ~a~rzin. ib, <br />_. ~-j ~'.'-.~ ~;.w at? -.o..- ..~.~~.-v~.~~aiC i.~?ne}-r~1: Lr Cpec,al >' rents 8nL eerier sam=a.ar <br />srgcs levied a. d ~~se sa^r agars ne p er.; e tries ~'i * age or =de,~.-ti~dr~ss ~,ereby <br />_'~Vfc,], ve7 Ci'2 '{T.e-' :72.,~~ rice .,y,;v.-~-, f--,r :Cn.:.I'. ;,7v1 a:.1-.. ,~ 3., -"~T „den t'~aQd ne re i-ntTC#C3r+v, <br />uo,~d ~in x#ault tnere.,f -~e `~rz,~~~ rUay pay ;rte sar.~==, ano ail Fr ;nays sa advareed with <br />r,ier~st at 11 ;r =r_~r tnz aWie of soot; ayrfi~-r,f snail ba r~r~aid Cy t«~rtgar~r upon <br />~.3td'~r~„ ~... si?ati "a2 ..c~..~Ted ;-'{ tfii~ s's,'rt qa Of-'_ <br />., Tt:a7 7+kirtear .ill Ate, tn~ ;r~,~rovamenTS ar, said prt3mis®s insured agains# lcxs <br />. +;,~7; ,ire, i,~'itn i ny ::r,;: oTner * a_:ards : nc t uded ; n tr;e standard exter;ded average endarsa- <br />`?~r,# ;:#us *tt?.3v i sura;°ce kifere reuusred ;,y rnnrtgagee) in a*: ank^.unt ra` less Than the <br />~:f:a" ~ala;,:~ sf *^a a-,__.,a.d:a?ss __~~red ?+eraGy, w#ri ?Hasa if an}, ra,~abta to said <br />assr~~la4ic~, is a a:sany:it. aora~,a. i~> acceptab3e to tho Assneistior,; and should soon po? icy <br />~, paiicies contain ai,y, prLw+siar~ t^at eauid Timit fihe insurance company's i iabi 1 ity to <br />,,ay tie -aunt a# era}. , a;s or ,,a~r~gz ,:f to ?ne f u 1 ; amount for w.=3 i ch pc 1 icy i s kr i teen, <br />2;aa aunt ai irsur~ce to tea prow;d2d shall Ce in an a*ra~uni sufficient to, at al! #imes, <br />f-v9 ]y prat€c# the ;,sssx.ia#iora_ <f ABOrtgagor fails #a prniure cr maintain su%n insufance <br />:rr *.ss~z m~saer srarifiad herein, she Assac.ia#ion may, at its apti~~n, procure and pay for <br />s:rcfa irsur~+cs, rant a1 i ara3:neys sa advanc=d with interest at ! I ~ from the date at <br />g~rcl3 p,aysnarat snai3 b2 repaid by 5~brtgagar open demand, and sr;a':i Ce secured Cy This <br />a. 7#aat YtteD~r#~age~r witt keep the bu9ldings a#ron Bald p..*C~tr;ise~ ire dead repair, and <br />neitir c~~nm3t Tsar pat3ni# was're upon sail Land, nor suf#er trio carne premises to be used <br />fo&• ~y uft~ase~ul pure_ Mrart~a~ar fiurtrter agrees #hat without the written ;:a ;sent of <br />~`t?# Savitajs $nd Ltoan ram buildincts ar add'stians to existing bui idings she? I Ce <br />_ dt-a_ .d ai; gariting af5d 1ara~s~a;aar~! arras staatl *ue satisfactorily maintaanad. <br />3. Ttas'f ~n the event #tae prea~3ses or any part; tnerzcf be *ai;zn ar damaged by rea,an <br />of ar+y gafbl~c aagjro+r#:m~rat ar ccxrdea~eaa#ian praer~adin~~, or under rinh# of amir,enr domain, <br />crr in aa~y o't'h$r r;aaransr, iNcirtg~gee algal! Ce enfiitied aT ;t5 opti,-.r. To cc~mn+ance, appear in, <br />