|
<br />
<br />allowed by taw ar tedera# rsgutation. Principal amounts prepaid prior to maturity must
<br />tae i.n amounts equal to one ar mare subsequent principal payments.
<br />3. That iri addition to, artd together with, the monthly installments provided-for
<br />-unsf~r the-terms ot.-the-afaresa:id r~ramissory Mots and any attser notes or agreements for
<br />ad#itiaina# advarTees es. provided' Ksrein Mgr°tgagor wi l C -pay as an advance payment to
<br />f+farfgagee on tbs f#rst day of each month until saitl Mote and the total indebtedness
<br />secured hereby is fu#ty paid, an amount ®stimated by Mortgagee to qe sufficient to enable
<br />the Mbrtgagee to pay a#i taxes, assessments tgenera# ar species), rents, and other
<br />sim#'#ar charges against the .above described premises, as tfle same become due: Such
<br />advance payments stiatl tre paid each month together with the monthly inst;a#imsnts provided
<br />tot under the terms of said Promissory Mote and any other notes cir agreements for
<br />addltipnat advances as provided herein in a single payment and shall no# be,-nor deemed
<br />to be, trust fiunds but may tae commingled with afiher such funds or the general funds of the
<br />Mortgagee, and na interest she#1 oe payable in respect thereof. Mortgagor she#i promptly
<br />fc4r`.eard to Mortgagee.aii bil#s far taxes, assessments and rants and Mortgagee will-use
<br />'Said advance payments far the payment of said bills. Mortgagee may, from time to time,
<br />at its option, waive, and after such waiver, reinstate any and akf provisions of this
<br />paragraph requiring sucTa advance payments, by notice to Mortgagor in writing. While such
<br />waiver is 1n atfoct, #~rtgagar shall pay all taxes, assessments and rents as otherwise
<br />- provided hereinafter.
<br />4: !t ttTa fatal of the advance payment,., made byithe htortgaanr shall exceed the
<br />amaunit faf payments actualty made by the Mortgagee firarltaxes, assessments or rents, as the
<br />casts dray be, such excess, at the option of ttie Monty~a~ee„ staai I bf> credited by the
<br />iw'~artgagee ?n subsequent payments to be made'by the °~r~tgagor, ar r'etunded to the Mortgagor:,
<br />if, hc~Mever, the montta#y advance payments made try the;MOrtgagor she,#I. not be sufficient
<br />t4 pays sucta taacets, ass~smen#s and rents, as the easel, may be, when floe same shat ! become
<br />; duc9 an+d pa~r'abie, then the Mortgagor sttai I pay to the ~ilartgagea any rJmpunt roecessary to make
<br />up the deficiency, on ar taetore'the data when payment"of such taxa5, assessments ar rents '
<br />shall he due. if at any time the Mortgagor shall tender to the Mortgagee, in accordance
<br />with the provisions of floe t:ata secured hereby, lull payzraent of the anti re indebtedness
<br />represenred th~rebv, the F~tortgages shalt, in computing the amount at such indebtedness,
<br />credit to ',tae account of the tortgagor any credit balance accumulated under the above
<br />paragraph. If ttasre shall bt; a default under any of the prov#sions of this "4ortgage
<br />re5u i t i ng i n a polo # i c said of fire p r~mi see covered nureby ar i f . he hb rtgagae acquires the
<br />prapv,r;ty atherwSse after (3efau#t, the Mortgagete shat t apply ir, ,uc:.^. manner zs l~tcrtgagee
<br />star i; ~dat~e*}<~c t?;ra baiynas ai advar::e payments then remain;nr, in the funds accumuiatad
<br />under, tt:e asaove p-aragraph, as a credit against the. irr'dt:btedness ,Eacur-ed hereby.
<br />_ Tha, „- the parent a--y a4 the morTth#y ad4dn_v, payments t,ravi~red h~?rei•~ ~_;- r~nth#y
<br />i,n r~+l.#t€tect pr=•vid~€I'fcr und>rr• t#±t« terr.~ ~sf eaiJ f'rc+€n4~rry _;~tr~ ,arut any ~cther,notes ar
<br />>~gr~~sxFrt;. far aBdr#,~n~# aevaru~t3~ -rave n:~r amAn maGa, Cy .he tAn tr =!ay of floe Rx:r.tta i,^.
<br />' ~': r ~ ~,=,:..mat ,. ;~~i-, ~ . ~~r-~ :~# `~ fer t t r ~rrt rf t-t~~tr~u..t ~:f Sai:1
<br />r=Kin ttlt~,r_"£ ~~ g , ~~ _ r
<br />~'. ~ ~..~a~nt-mar bt+'_:~S e,r~ar.o _ ti=~; r,~5o~iati r tee E-~~ 'r.~ extra =;xtnr=r.,K nvc~i~reG
<br />to ;Tend#€ng dst#npuent payments. the ti~~,saci:~ticar ;ha## ~~ot be ubiiyated ~ta accr>p~t any
<br />ra~nthiy payment made after the tenth day of *he rranth unless said rrranthly payment ;hail
<br />bd accompanied by the lull amount of the late chorea assf;ssud Uy the Rs~';ociaticn ,as
<br />prnvid~ad he:ai'n.
<br />r). €(~ pay any And a{ { 'dXe5, assasSm$nt5 i~~Crerdt U€` ';p+;:4;{1i 7, rents ~fld rt~:f.f' 'alRti lar
<br />uhargss #evied and. assessed agarnst t#Tt; premises, this :•'krrtctagi, or ind€;btertna.;s hrr'eDv
<br />sta~~ursd, bEfOra th~ty bsccarra dcri;rrtiuenf, fsr »hii;±, ~,roviian5 has not been mane nareinaeforo,
<br />mid in c#rf~aai#t therao# the *AarfgagsT3 r,~jy pay tnt cams, and t3#! mc3nstys so advanced wf th
<br />interest at~ _ s3." _ $ from ~o Hate ~~f ~~ucrt nayr•-+crnt ;faa! ; 03 rrap;,it7 uy I~rrtq;~<or <.;pcan
<br />d~tRar;d, artd she#i be securr:5 i>y this ~;ortgage.
<br />7. 3hbt t.9ar°tga?~:r wi i i Kee,: itTti improv~:msnts on saaid pr~rmir,es in~;,ur`ed :against lass
<br />tfra~ fire,,, tightn?ng a~ad ,theۥ h>A~ards~ in,Miucic+d in the standard ~Xtenrlfzd c;r;e.~a,~e araclar'se~
<br />mane plus flood i.^.sur;ztr::e ~r;asra ruyuirad by mcsrt#a,:rs«,) in ,an ,amcTUnt rt;at less than tht~
<br />unpeid be#ani=s-a' the indtibtsdrrass •ex:urad haretry, w;~th Ic;ss, if any, payabl€r t;-s •,i~~s
<br />AzrAZrciaiian, In a ~rany ar tz~n~rafa-icS acct5l?Cab{cf to the Also=:iation; and 5hauld ~u;~.Ft pa; icy
<br />ar pottc#e& crrnfiain any tzr,>visicn that ccaaid limit thf; insurance ~orr~any's t loci l sty 1a
<br />- }. ~-C7virt at 3r7y i~-- ar t~mac~ up tea ttia iu!# a+ra~~iunt f-cr which ;a.::o~,`V i^> wrirt'?rn,
<br />- '=_'f+~ ^'~'~xi#!?~` n{- i~~Y'1f"~i?~k' t ~t:, ;ef"uV1.;ro`:: ~..;! :ate' !n ~:t .F'%.r.,.,~ ~vffiri~zr7; 3Y ~ ~.,T~,
<br />f-u#t~ prtxtec, t`ta~a ~S.i~=c3~tiara. It tk7rrya~cr- fai#5 tG (>r;ar:sa€`ca ar° mainttarr :.uc.n t;urant:i!
<br />-ztF thy. rrrer ~*pi+iad t:erein, the As~sc~tiat ion Fey, ~~t :ta op-tr- , prat'ur8 ar':d pay tar
<br />=surd +ns.uranee, and z#i ^eacxreys sv ar3vanced with interest at i~,5• p tram thu r:otc of
<br />su~T ~Tyyaststtt ;~ftat 6 Ds r-~Taid by Ak7rtr~ar upon demand, brad :;t.a,~f eta X9~ut'r~9 by tit i ~:
<br />r*g*~.
<br />~. $ITa~t the t~r-tr~ar~rar wi i i kci7tap the Dui (dings -.agar t5ai d fir t~rnisus t yrxad i ~aF,.~ i r, and
<br />>ftri~'tser curt"st rst3r pearmi# wash up~,yt <;ai:i #ans3, ragr <..uffar the ° ,ate prNmiSe~ t<~ ;d usrad
<br />f=df' a?Ty ~stast~~u#. pvrpasp. Me~rtgaycsr tur-ttter agrees twat witnvuq they wr;ttan -~_{~~rr# ,,#
<br />` tvSYlrl#, tt:d0!'3i riiX3flFtgS and i.>Y-an nf7~tui#d#rts#5 rir addiFruntr =~_i.lrny ';ui,'fi~tc,~ ~r~al! ~.e
<br />at`Yc i*:~,i an j ai t pin44ki nq ;srte~ € andscapsd are;ss utra; { u~ sat ~ ~ R-~: cur' i t'r mar }.,'~ netG.
<br />'~, rn~t 'i~et th~a t~vanf ~ths pr-ami5+9s ~:r aay part ttteyr.~of be '<ai,€Tn ur 1an:arrteu y ra=:ar;a
<br />~fi ~} IDW~7l~ Il7kp rrJYgt33taEptst ~T?- .,~„+.dd~T?i€7'~9t 1CN?~Ctf",, @?B*'}i a:,>, :. C:ft.`aet' r .i).lt -. -:,fit:it3lt '{'ii;aitt,
<br />- E+, „wa .riri~F~ +~!N _"S-eT€`i R,si ~JC .:h,l?i t!~ :,nt: .f. .. ,.. •yfi ?1 r.'-•~f-.. '~Ir
<br />
|