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<br />79-r X6986 ~.
<br />allowed by law or ',aderal regulation. principal :mx,untr, irepaid pr-i,~r to m;_h,rity must
<br />bc: i n amounts equal to one or more subsequent pr i nr. i pa i payments.
<br />3. That in addition to, and together with, the na<mth!y instaltre+e:nts provided for
<br />under the terms of the aforesaid Promissory Ptote and any other notes or agreements for
<br />additional advances as provided herein '4ortgagor will pay as do advanca payment to
<br />A3ortgagee on the first day of each month until said itotc~ and the total indebtedness
<br />secured hereby is fully paid, an ar*aunt estimated by 4c.rtgdgee to be .>utficient tc, enable
<br />the Aiortgagee to pay aIi taxes, assessments Cyeneral or special?, Tern=., crud othe-r
<br />similar charges against' the above described premises, as the same hecomL due. Juc:h
<br />at`vancr payments shall be paid each month together wish the monthly installments provided
<br />for under fihe terms of said promissory PJote and any e'.her notes or ayreemer.t=. for
<br />additional advances as provided herein in a sinyie payment and sha!i not bz, nor deemed
<br />#o be, trust funds but :nay be commingled with other such funds or tr,e enerai funds of the
<br />A?ortgagee, and no interest shall be payable in resesct thereof. '.~"~ortgagor shall pramptiy
<br />forward to R9dr#yagea aI3 bills for taxes, assessments and rants and Mc?rTgagee will use
<br />said advanca payments for the payment of said bills. !~krtgagea may, tram time to time,
<br />at its option, waive, and after such waiver, reinstate any and all provia,ons cf this
<br />paragraph requiring such advance payments, by notice to '-'hrtgagor in wr-iti;ig: While such
<br />xaiver is in a#fect, hbrtgagor s»a1i pay elf taxes, assassmenfis ar,d rents as otherwise
<br />provided nereina#ter.
<br />. tf the total of the advanca payments ;f=ode Y -nG '~ortgaccr shad exceed the
<br />a^~•^# of payments actual iy made by the '~;;.rt7dgea ,~ *•sxe;, assassmer*#s or rents, as t»e
<br />rasa :..ay ae, such excess, at t»e opt;en or t»r' '~>rr•:d.:ee, _.;^:3i i be credited ity the
<br />I.;ortgaaae on sunseyuent payments to Le ^?ada by rt,a ', . ;agar, or refunded To, the lwortGagor.
<br />ti, However, the *rt;?nth?} a;tvd~~ce paYrren~=• r^•3de by °`c 4..3rtG3~,~r sna31 not de sufficient
<br />ro pa) soon texas, assessments and rants, as tr•e ~a_:e ^'.ay ".~a, °.ri,ar. the Barra shat I he%ame
<br />due any payaDie, #hen the Mortgagor snail ;ay ?o the t•L:.rtGdgee ar,y anx~;:nt necessary to make
<br />up #ia2 de#iciency, ~n or before the date when paycnant of such taxes, assass^rents or rents
<br />stsatl be due. tt at any time t»a ',brtgag-~r s!ra' 3 tenuer to the n}ort.~acee, ir. accordance
<br />wi#xr the provisions of the i;'ote secured »areo>, fulr pa:ment of the entire indehtedness
<br />raprasented tt~areby, the ?'~~rtyagee she! t ir. :ot:+putin the amount of such indebtedness,
<br />vrc`tii7 #ts the account a# the lortgagor anq CreS:iit r.aiar.ce aecumuiatad under the above
<br />paraarap3t. i# there she'!! rya a d8tault under any of the- y.rapision_ of ',fti=_ Mortgage
<br />raaui#inb in a public sate ct t»2 prwaises ~..:~ered hamby or if the ~4arTga,ee ac~,uiras the
<br />l~rr.~ert~y 3therr052 a##er .;efautt, the htvrtga•;ee shad apply in soon ,,.inner as A4crtnagae
<br />shsat s~n?tarsaine the balance of awvan;.a payman,s ~?!;~„ ren3inin; i.r tr,e #urt3s ~~ccumatated
<br />;:racier #ha above t,aragraNh, as 3 =Yredit against the indeu#adnass sccared hereby.
<br />3. That as #ha avant an}• of ttse *~;nthty ads%ance payments provided herein or r.Ktnthly
<br />irz=tat iearents provided for under ttae farms of laic ~ro+r,issary ;;ate and any= ~:t»er notes or
<br />drreezaerts for addiri%~nal advanca rave row ben-n ma~"_ ts~.~ ine ter,7z~ dvy of ?he rranth ir.
<br />a,¢tai~', sasctt payment was i3:3a, a late r.:~ar~ of up to tar ; iu? percen# of the amount of said
<br />r-:.a;,tniy payat may b8 assessed by the ~ss~+_iotiz;s< #o ~r:krr ?ne extra >xntnsa is:^voived
<br />ire faa~dtlru~ i~iiTq±~ent pay>~nta. Tna i,~sooiatio^ st;ai, n.~t be obligaTed -~ accept any
<br />aarsrrTtsfly payxrent made a#*ts ttya tenth ay of tt~e manta unless said mor.r}tly ~:aymen# shat!
<br />~a acc:,~a icd Sty the f u i i dun T of the 1 at ~ c»ar~ a=_=ess2d by #»e fissac i a# i art as
<br />;~'._...,~.,. r,~ee...
<br />b_ ~~ pay any and al i t3ras, assessrnenls t4ej:2rai ar special i, rents area other sir'i lac
<br />aaar~ it=vi~ci anal assessed against thz ,premises, this '~artgage, or indebtedness hereby
<br />saar~, #terars #»a~~ be4ome veii:truen#, t>r uhioh pray-i_.ens has not aaer. made hereinbe#ore,
<br />grad i.n ale#e~,s9# #heraof the ?Sec#yagaa may t'ay tna sar•~, ;end a! I morrays so advanced with
<br />aratere5# a# ez; ;o- troan #ha data of soon p3yrrdr.t .:Hat I ba repair by ri~rtgagor upon
<br />a-larr~rid, an4 stsall tea secured by this hiertgage.
<br />~. Ttca# #iortgac~rar era e ! keep ~ ~tr.~rovements en s~a i d {Trani ses insured against loss
<br />itr tire, 7i~'?z;ina and oth=r hazards included in #*,a standard axterrded ,-cveraye etadarse-
<br />t ;.t;~s fly 'a~,rar:ca xrux-ra s~,,:::red by mar#ga~ea .^. a*; arrx~'unt n-_ t ie~s- than the
<br />;,z;~:oit9 t~at.art~ v# fete iradebTedness sec~rad t?areby, avian toss, if day, pa}%HLIe to said
<br />~ss~a#7cm, in a -any or c:cat~anies accap#abte #; the A.»;ciati,m; and ~t,ould such pal ley
<br />_r poli~i ;.~ntan any provasaor t'tat c%eitd limi# `;3a insurar;ce comt:inp's liability tv
<br />3ti #t~ ~3unf xxt any 1 ass or damage up to the to t i aracxunt #~+r wn i ch po3 i r_y i = :ari teen,
<br />#tra ara~un-# xat tns:aranrr~ tom. ba provided s»at t he in an ar~unt suf#icient to, aT a! i times,
<br />i,:@ty prta#ac# t~ ASS'..a'Ca2ti;7n, It :hzr#ga~r feats '.o procure ar maintain such 'sr,surance
<br />era ma~raar sped#iest trerein, ~e i~ss~l=is#ion n:a'1, at its option, pro,_ure' and ray to
<br />st~#s in5rar~rr~, a~ r7Sl ~:'tra2vs so aduanteG wi#h intx:ras# a# i2~ ~ fre~n the date t
<br />siaieh-~#-'sflal9 `~' maid ~y i'.~; tga~r u~T3 d£ryt,ar: v',, .~r,d shat i Ge e:8cureri by this
<br />23~r#t,e.
<br />~. T•#~dt #fro Mvr't~B~or y i l i k,~p the bu i i d a rags upon said premises i n rood repair, and
<br />nc%tttes .ranee+# ~4r' pat'Re~t eras#a upon said tend, nor suf#er t»e sacra premises to be used
<br />for arsy unlar'tu# pue'psse: ial[artgrsr' #arther agr€ ttsat wit#rout the wri#sen ccrsent a#
<br />adc>~ l-edarai Sa+;ingS ar!tS ezia~r trq ~frp~l~jitsgs ttt-'azidations to existing b:i idinr;s shat 1 be
<br />erected and ati parittatg aid' iandsr<ed areas shall ate sattstactority maint;:ined.
<br />9. Tha# in tfi,e even ttfe praises or any par# ttreraof be #dken or dzrp,aGed by reason
<br />•sif.e3ity puialic ?!s~srev~Alettf tar ;.9rtd~mnii#i;gts pa-aceerYln~~s, ur under right of en+inent dcxnain,
<br />`ti,r a=i any a~#ier nan;aeT', t~8nr#g3 st3alt ttr?'antit~ed at i#s optixsr ;o cotcxnence, ~pt:ear in,
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