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') !f thc• lltr t;+can;c : drfauits Tn t~~ ~f~ ~~t~; ~~•l~seresscrrra :rr+r,taisict3 hcrrsn ar in said ;~itr, thee, the
Af.,,r,~.=t;rc° n 4 {x i,)ana the sans, ilntl"~. gacp;~a~i+l+d+~ttlitet~ by tht ~1i~rtgxgrt', ins}tactrag a rras:ori;ahl; atttYra,r'Y`s
frc, in sir doi:rg shall dr.\r interrtit at the rate ot. eight per t7cneasm per a+nnuata a\oci shai! 1>e rt~)ayahlr inrtt,trlistely
aex) withuflt dcmara:l, a,ui all such c:rExnditurr~s ashgll to aec_t:red by the }ie•n r>f th:s aricrrt~;s~r.
1t7, `I-h:at nc) a•ai\er c•f any cvvr:a;ant herriaa ar of the obligatitvt seti'isrcd hereby steal} at an~• tilrrc thrreaftvr I>e
he°!d to Cyr a waiver taf the trrnas hereof ar of the trote secured hea`rby.
11. That the maiiinF~ of a :a~rittrn notice yr drrt:an3 adda'csseu to the u~°trrr of rrcar,~ of the tnvr,ga~cti prrntiwrs, or
dirc•rte•d to t}se said oa•rsrr at the list t-ddrexs acttaally furniaaittd to the }1~Iartl;agre, yr dirrcied tv said v\s•,trr at sa:d
)aic;; t{;,r~ed pYPriZaSec, ~aad rnailcd tay tht L'nitcd Stairs xraail+a, ataall br eufficicsat notice anti dt•tarand in :u;y ~.asr arising
+~ndc•r this in:tr~lrrlent and required by the proti°ixioar+ hrrmf nr by fat~•.
I'. "1•hat in order Hurts fu'tl\ to {rrotect the securrty of this rnortga~;e, the !lurtpagor, togrt}err with and in addi-
tion t„ rtes mtnuhl\ ;ra'.tnt•nt, +;lader the trnr-nc.gf t}arnvte .wt:ured hcn•hy, nn the first tiay of each nx-,nth and until said note
i, hill\ p:u.l, sh:rli p.ty tv the ~1urt~:at;re,'®n insta}lnastat of tht taxt~ ant! asrssr7arnts next to become due against the nx)ri-
;~a;;e~f p:rrrisrs, and an installntrnt o~ premiutrx: nezt to bcronar dot cm insurancr pviic•ie^s ;cyuircd by rtes ~lartRaKer,
tiuril in.tall:airnts snail }x• cyual rc:pet'tiveiy to such taxes and asses.natnts ane! irtsurxrtct premlurns, all as e:aimatrd by
tlrc \lortka};rc•, I;s all sum< airc•atfy paid thereon, divided o} the number of mnnths that arc to rlase hrh}rc elan nxuath
pri.u to the date \\•ht•1:.,I:h taxr, and a~srs:nu•ntr: and insurancr prcnaiunrs rS~ill hri-ome due. Said insta!lnrents .hall },c iaeid
ire the Alort{;:Iger, witfauut interest, u) pa} wch taxr.+ and as.rs.±nents and insurancr premiunrs.:113 payanents made under
the te•rnrs of t}its paragraph r.nd a+ader rhr nutt• soured hrrChl' shalt hr addni tokrthcr and thc• a~{;reK.ttr ar,*.vamt thrrrnf
sha(I he paid h: rtes \Ivrtg,agur in a :inglc pa}eu•nt .a•_h nxu:rh tv be applied by the llvrtga};ce iu pa~nx•ttt vt the items
and in the onler follo\\inK:
(a) ~I°axty and as rssme•nts, and uasutance prenuarars;
1 h) Interest on rtes note seca)rrd herrFy ; and
(i) tunvrtizatioti of the principal of said Hutt.
alr\ drtir~rnc v in the a+rvunt of suite aggrrl;ate monthly payment shall constitute a default under this mortgage. When
such t.axr:, as.csnarnts and insurance premiums fall dta, if the anxxutts de{xrsited by the ~1ort~agor fur such pur{xr•-s are
not ,uthriri;t to t,ay s:+id taxes, asse.•,nrrnts and insa,ranec nrrnriu^.1., as the cast ma\~ ht, the^ due, the :llert~a!;vr will (ray
to rhr ~i,vtgag,re such ,ietirirncy inua;ediatrl\•. Ai'hrn such taxes, a,,crstn:lrts and insurancr premiums fall due, if the
an;nunt, do{r+),itrd h\ rhr \lortt;xwur fnr valch palrpcases exceed the amounts due for such taxes, assrssmrnh: anti insurance
{irelrlu11115• it1C CxCr~+ in:i\~, in the dis.•re-tivn of the `1,ortgaRrr, lx° ap{rued on subcc•quent navnthf}~ paymrnh to br madt by
rhr ~1,:rtgagnr. In the event of default under th,s nxrrr<~:agr :rnr unexpended funds in the hands of the AL,rt~afirc de~)sited
h\ tier A1,)rt~;:at;nr tc) nree•t the ohlikations of r,,xes, a,srssmer,ts and insurance prrnaiuttrs sha11 be applied by the 'Mortgagee
u{km the in,lrhtrdlle•., hrrrbc secured, in the fullo\cin~ order: (a), Interest on advances made by the Alnrtgagee; (`•r), Ad-
c;rnrr, In,a.lr h\ the• ol::rt;;agec; f c), Interest on the principal; and (d) the principal debt hrrehy;ecllred. ~~'hen anv such
t.ix,•s, n.,r~,n+c~nrs ur insurancr prt•niiuntti fall du: the Alvrtga{:ur \\ ill {,to!nptly ahtaila and deliver to the AlorikaKPt' state-
Illrnh• \Citia rt~(x'lt t}ar rC 11 r.
! t. •I•his f,t;erttt:ake shall also °ecurr additional loans hereafter mars h\• the then halder of the note scc)Ircd hcrebti• to
rhr then ~,\rncr of ;hc• real r°tatr drscnhrd }:ercin, prvvidrd that nv s+l;h additivnal loan shall he made if the malin~ therc-
„f \\•+,uld cause the tntal princi{sd indrhtetin<-ss srrured h••~eht to exceed the antvunt of the original principal indrhted-
nc., ,tateu herriil. }'arh s+,ch :ulditinnal Ivan shall he e••.idenccd by a note or other evidence of Indebtedness identif\ing
such :+dditin:ral l:)an as part of the indrhtednetis seiurcd hcrrhy, and shall mature not later than. the their maturity stair
of the unKUaa1 indrhte•dnrss secured f:emb}. \v'hinK herein contained shall imply any obligation on the part of any
lu)idrr of paid note to male alav such additional loam.
l~~ -~rtg~o;c° h~srsbT a>~~ag»s to ~dorGg~,g~rs any ana sli ~eca~,z°ds or
d~agoa, ~ct~~ ~atd cons~gtia®ati,a]., S'or tht~ t~kf,aagg Af alap gnrtiom or
all oY tha ~rtgagud pr~ir;'E>r~ by the ~rciss o~ th• r~.ght oi' +~in~t
d®rmsin or coad~~tiolQ, incl~ix~, b>;at not ~.i~it~ to, dea cr
+~t~ards i'or chaagas t~+ the ~r~udoa o~ str~+et~, air acgn,iring titi.~- to
~tr4ots. `rho proc~+oadsa ®f much ar~a:bdr~ tar dt~~, rth~n r~c~i'~dl b~-
~c~rtga~;e~, aahal.l bo ~~plied in r~ductioia cif th0 rtgags ~.nd~bttral~s,