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Home My WebLink About2226 Wi. 20 pASJ119 9. If the MOI'tlP&W defaults in an, 01 -~Rf..~ ccntaiDal hcreio or in _ no.., tbm 1M Mortpl'-'C mar perform the 1lLDW, W .n "ad}i~......bf~ ~Olt. ... incluclinIa r--,,* attordCf'a f~, in 10 dolni shall draw Utter,.. at the rate of tWit ... ~ per NIDWQ ancI Ihal! be ~ immelliat>elr and without demand, and all eudI apea4itu..ra IhaiI .. -=uI'elI ." dI. Uea 01 tWa 1'Di)f~ to. That no waiver 01 any con:nant Jwnin or of the aWiption IKUJ'ed ~ ..... I\t an, time tberufter .. held to be a wan-cr of the terma benof 01' 01 the netc lICCUn4beN1l,. , _ . 11. That the awunc of a writun oodc:e 01' ckmucI adcJr-.l1o the owner of ftCGI'd oj the mortppd pran_ or directed to the said owner at the J.ut. ad<In:Ia eduallr funaiIMd to tbe MOI'(~ or clirected . to ... owner at said rnortlaced premilCl, and mailed br the U Dited Statu man.. eha1l be auffic:icnt nodce and clcmaocl in any Call ariainc under this instrument and required br the pIQ'Y...... hereof or by law. __ . . 12. That in orckr more fully to protut the lI'CUalty of this mortaace, the MOItpaor, tot<<hcr with and in addi- tion to the monthl)' payuwnts under die urma of the.note IKUred hcn:by, on t~ finlt day ~f each month and untilaaid note is fully paid, shall pay to the Mortp&te. an installment of the taxes arM! ......wonts flat to become due qainat the mort- ~ premitcs, and an installment 01 premI... oat to becomt due on insuran<< policies ftqUired u.. the Mortpeee. Such installmentJ shall be equal rapectinly to such taxa and Ulellmentl and il'llUrance pmniUlN, .11 . estimated br the Mortcqee, Ita alllUC1l alrndy paid thereon, divided by the number of mclC'!m. that Ire to et... l-efore one month , prior to the date when such taxes and aaaements and insurance premiwm wiU bCceme due. Said i"'tallments shall be held by the Mortcal<<, without interest, to pay luch taxes and UIesIIneI1ts L"ld insurance pmniunw. All paymmtul~de under the t~rms of thi! paracraph and undtt the note ICCUred hereby shAll be adckd tocether and the agnpte amount thereof shall be paid by the Mortppr :n a sinlk paymmt e&dl month to be applied by the MortPICC in l'i"ymmt of the itmlS and in tM order followinc: (a) Taxes and UICSaI1Ientl, and insurance prm-.iums; (b) Inten:st on the note ll<<urrd hereby; and (c) Amortiution of the rrincipal of said note. _ Any ddlci~ncy in the anlOunt of luch agrqate monthly payment shall constitute. default under thil mortpce. 'W'hen IUch taxes. ISSeIi5I1lt'I1ts and insurance premiUJlll f.1I due, if the unountl depoAted by the MortpCOr for such PUrpolel arc not sufficient to pay aaid taxrs, assaaments and insurance premiums, II the caK may be, then dUt!. the MortglCOr will pay to the Mortgagee such dmciency immediately. ~n such taxes, UlaSOlents and insurance premiums fall due, if the amounts deposit~ by the Mortgqor for luch purpoees ~xceed the amount. due for such taxes. ~ntl and insurance pr~miums, the rxcess may, in the discretion of th~ MortCagffr be applird on subsequmt monthly payments to be made by the Mortgagor. In the event of default under this mortcace Any unexpendrd funds in the hand. of the MOrtl'&P deposited by the MortgalrOr to met!t the oblications of taxes, UlClSnltJlts aoft insurance premiums shall be applird by the MortPF upon the ind~btrdn~ hereby 5CCUrrd, in the followin, ord~r: (a). Interest on advances made by the Mortgagee; (b), Ad- vanCf'Sm~ by the Mortgagee; (c), I nterest on the rrincipal; and (d) the principal debt hereby securrd. ~n any luch taxtS. llSscsS~nts or insurance premiums faU due the Mortgacor will promptly obtain and deliver to the MortC&&ee 5tat~ ments with respect ther~to. 13. This mo~ shall also secure additional loam hl'reafter made by the th~n holder of the note secured hereby to the then owner of the real estate described herein, provided that no luch additional loan shall be made if the making ther~ of would cause the total principal indebtMnesa secured h~r~by tQ exceed the amount of the oricinal princir>al indebtrd- ness statrd herein. Each such additional loan shall be evidenttd by a note or ot.\er evidence of indebtrdnaa identifying such additional loan II part of the indebtrdllClS securrd hereby, and .hall mature not later than the thm maturity date of t~ orifinal indebtedness secured herehy. Nothing herein contained shall imply any obligation on the part of any holder of said notl: to make any such additional loan. , .... 14. }ok)rtgagor hereby assigns to Mort8agee aIV and all awards or damages, actual and consequential, for the ~king or aIV portion or all or the JOOrtgaged premises, by the exercisE' ot the right or eminerrt..-NlIILin or oondemnation, 1nclooing, but not lilni. ted to, damages or awards for changes to the grades ot streets, or acqutri~ title to streets. The proceeds ot such awarde or damages, when received by Mortgagee, shall be applied in reduction ot the mortgage indebtedness. 98956 flLE8 MIS R[C9g9ffi -IN ------._BOOK ~ aa t 6 AI: /I: ~ i~ . .,; l:t~ "'tHTflA~.:. r;r~. c . .l:!( ee~tlTY. Fbi.' ~It