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of tlit D4~ ~ 1ma~edtat~ due aad p~7abit. wltLout aotke. and Droceedle~s aW Dt tastlWted b~ tbt a[ort- , .
gaaee far the reoowi7? tMreo[ b7? ioraclosure ot tNs Mort~age. or 1n aeq other ~oanaes D~~tted D7? law as tht Mort-
~agee may ele~t. a~t~int it~ tl?e note or in tbis Mortse6'e o~aWaed Lo the oontra7? thereto notaithstsndias. Vpon tora-
closure ot Ws Mortga8e. the MortB+i~ae sball be allowcd as s part a~ the indeDtednas secured hereby, snd tlu Mort-
gagor agrees to paY. all costt ~nd acp~ases i~?currcd in oonnectloa therrwith. iaeludtn~ reasoaabl~ ~ttotarys iees. ooat o!
dtle aad !au seanh and the extensloa to date a~ an abstract o! title ar Utl~ pollQ?: ard in ~ae auch forectasure Dro~eed-
ings are mettled beiore the conau~unation thereot or the entry ot iud~nenl. eWY such costs and expensea and other
cl~ar8ts ao- incurred. lncluding a reaso~aWe ettorney'a fe~ shall neveriheleas b~ pald. The Mortgagee or W partY 1n 1a-
teres~, being the hl8heat biddcr~ may be a pnrchsser ~tt an~ toreclaaure sale. An~ eleetloa br tRe Mortgegee ~s hereln p:'o- ~
vidrd for may be exercLsed immediatell? nPaa default~ or wt ewy? tlme t!?ereafter. and nothl~ shall b~ consttued to be t
waiver of,such ri8ht unless rvidenced DY ~a instrument in wdttag to tAat esact dul~? executed b~r th~ Mort~a~ea Tbe
Mortgagor wai~~ea sll right ot hosnatead eutd exriap~oa grantcd DY the OonWtution and Lsws ot lRorlds.
AND THE ~IORZ~GAGOp FURTHER CONVENANZS AND AGREES: . ~ ~
L To pe~y the principal indebtednesi v?ith interest as in the aote prOVided. '
ia e~ddition to emd at the tiiae and p]ace tor each paymeat oi P~ndQe~l uM intet~st. an instaria~ent o! each a~ tAe
!a8 chat'8'is: i
Teuces aa~ .LC~essnnents, os specW. and aII Other cbsKes.ltvled or to be leried s~tnst DramL~a. ~
(b) Prrmtums to bccome due and payable ior. and to t+enew. We iasuranoe oa the premfses loat by ~re and
such other haaatda. casualties and oontinS~ades as herein proti~ided ios ~ t~eq time to time.)
The amount oi the resDective ~nontl~j? l~112neAb ahall be e~ual to the amoun ~ anauel respectiv~ char~e next
~ due tas esUmated by the Mortgagee). less aL.inataltments already paid therefo vlded by t&r nunaber at monthty ia• _
k stallmenta thcreior becomli?8 due noi lnter than oade month --~r•:.,: th date ot atq+ such ebar~e aad sball be wb-
[ ~ect to increase or decmase to the exteat ~4u[red to cre~te • . thly pm~ym~nt date ou U~e note not less than one
month pdor to the due date oi any such cl~arge. an amount ent for the pe~?ment thereof ahen due and payabla
In no evet~t shall the Mortgagee zeceiving such payment b2e ~qr qW? laterest t~n atq? amouat paid to it as hereln
required. and the money so received raay be h4ld wi o~m funcla peaa[os peU?ment or appllcatloa thereof as herein
. provlded. The Mortgagor shall tnralsli unto the ~~i~gee ~t ^ast ~iteea da~?s before the due date oa o~tcisl stdtanent _
oi the ~unount a! any taxes or asses.vnen xt due, and s::,' ~do~a~se shail pqr the above cbaTga to the unount oi
the then unused credit therefoz as an ea Wey becorae spteral~ e aad payabl~ The Mort~a~ee a~?. at its optlo~.
pqy nn,q oi such charges when le. either before or ai=cr they are dell~quen~ ~rlthont notice, or make advunces
~ theretor fn excess oL the ount oi credit for sw~ cbar8es. Tl~e exe~as ~mount advanoed sDall be immedlste~? due .
and payable to the Mo ee and shald be secured as rs~ additlonal prtad~l sum under thh lnst~meat and bear the s~m
F rste o! intereat te oi advancement as tLe p:'-=cipal lndebtednest.~ M oafcial reoNpt therafor shall be eonclustve
evidenee oi pe~yment and oi the validfq+ o! anc, . cl:arg~s. The ~ort.ea~ae asey sppt~ rredita held by it for the abave
~ rharg an1 part thereof. on account oi any dei~r,qcent installmenb ot pstndpal or fatereat or any other p~ymenta
or due under this instrument and the aaiqunt oi credtt e~dst3ng ~ au~ Natie shaII be reduad by the amount--
' The a.~~uat oi the e~dsttng credtt haeunder at tbe time o[ an~Y transier ot the
property sball withwit assignma?t tLereo! innr~ tu ~:-e b~eflt oi We suooasor owner o~ the propcrq? ~nd s2?alt be'applied
unAer and suDject to alt oi the pro~vLslons hereoL upon the payment in turi oi the indebtednae. the amount of any
unuscd credit shalt be applied to tbe peymest thereoL . .
lnstallmait payment requ3red on the note - arrears. to
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• 2 To paly. when payable~ all taxes and ~nnents. 8enere~l or sped~ti, wat,er tw?ts and gro~nd reats •aad all other
~arges whatao~wer levled npon or as~essM or Plsoed asalnst the premisa. DrovWcs~ tor ahicb has not beea rnade here-
inbefore. and ~will promptly deliver the oIIiidal seoeipts therefor to the Mortgagel: to 1I1ce~Nse pq all Lucet, a~neate
and other cLargesr lrvied upon or asseued. Placed or made agsinst tWs iastrutt~e~~ ar tbe indeDtednps or ~npr interest oi
the Mortgagee ln the pranlsea or ihe obligations aecured hereby. ProvidM that the paymmt ot atq? sueh tax a~sess-
aaent or charge bp the Mortga8or ia not contrarY to law or would not re~lt in tbe psya~eat oi an tmlawlUl rate af iat+ee~-
est on the indebtedness hereby aecviced. In the event of t~e pas3age attei the dtte at this inrtsameat o[ an~ Lw a2 the ` i
State. or subd[vL~ion thereof, wherein the premi~es are situated, ciratin8 P~~S W~ aa~nent or cMr~e ~
wbich b~r the above proviso is not to be paid by the Mortgagor, the indebtednas secared tkrcby toget6tr a?Ith faterest due =
tbereon. shalt. at the opUon of the 3~osigagee. beeome immediatebr due aad payabtq and In the eveat pt~.: ::.~re-
ot is aot made forthwith; the tiiortgegee may take or cause to be takea wch actio~ ar proceedi~ as ma~ be takm here-
ynder fn the case of aay other detault in the paynaent oi the in ~ebtedness. ,
3. To keep the bufldin8s and ~.3dltlons thereto on ar here~.tter erected or plseed npon ~tl~e Lnd fmared a~afnst loss
b~r ~re aud sueh other hazaids. cast:~_lties and concingemiea, inci:~~ing was damaaes ii et aip tfine a atate oi war e~dsts or
it appeats to the holdes of the note :~at war Le In~-nfr.eat, and in svch amounU atW for snch petiods.•as me~ be required
trom t]me to Ume ~y the ~Rortgagec. and to pay pr~zr,pi.ip w~he:, due ~1! premtttms oa sum insurance, providon for pa~?-
~ ment oi which has not been made hereinbefore. T`~e ~olldes oi lmucance shall have loas p~ayable provfsioas acceptable Lo
the Mortgagee and shall De deHvered to nnd held hq ' he Mortgagee, or as 1t ma~y dfreet. unW thls D[artgage 1s sattstled. "
Reaearal pollctes oi inaurance. Premiums for which Isave been tully pald~ arr tb De runiahed to tLe Mortga~ee at least [
Stteen days Wlor W the expirntton date oi the insurance thereby rwer?ed. The fasnrance alwII be wrltRea in eooapantes .
approved by the Mortgagee: in no event shatl the biortga~e be held r~le for tailnre to pq for atq insuranoe
vrrftten or for any loas or damage gmwing out of a defect in any polky or gro~wlns.out oi so~ tallure ot aa~ insurance
company to pay for anq? loas or damage insured ngainst Ia the event ot bas t]~e Mortgagor shall slve lmmedtate ttetice -
by mail to the Mortgagee who ma,y make proof of 2oss ii ~wt a,ade pro:uDW~ bY Lhe Mortgagor. esch insnrar?oe compnny :
conceraed is. herebY' ahthorl~ed and dirteted to make PnY~nt tor loas dtrect~? to the Mortgagee iasttad oi to t~e Mort- t
888or and U?e MortBeBee ~~Uncusced
b~y it~~
the
llco~ectlo~n ~ to tl~ncd~ncUon ~~tb~e i~'ndcb
~
at ~
option, to the expenses. ii any.
cured~ to the restoration or re
p a
i r oi t~ property dn~naged, or rel~sed to tf~ l~dortge~g~or wlthont liahtlity upon the Mort• ~
~ gagee for such release. All polldes oi lnaurance are herebp as~ed W tLe Mortgagee es additlonal seeurftr for the pqr• • ~
mmt oi the sums and interest secured herebY: fn the event a[ foreclos~tre oi thls Mortgage or other tnnster o[ tltle to tbe g~
poli~
en In
i~
o~m
ahanent~o! to the par~haser or graaht~ tle aad fnterest of the Maetgagor fa and to atq? fnsusance
4. To canplete ariWa a rea~oaabk tlme aa0r Dutldin~ orbufldinjs naw ~ st aq~ tlaae fn ffie pro~oe~a ot aYCtlon npoe
the land and to prompUY sepair. restore or rebuSlQ any bullding or innprovaaeats aow or bera~!'trr aa t~e laad wA1eL ,
map become daauged or be destrored, sad aot oo~ma~it ar pennit to be done or e~dst on oe~ ~bont tl?e p~+eintses ~nythins
wheretiy tLe premjses shell beco~?e less valuable: to cosinplp wtth a111awa. ru1a. ='eEuLtfons. or.on~naaaa ot a~q govetn- .
` AI~CAt81 ~1gl3ICY aM !WL vlO~it! O! p!lmlt tb! vIO~t10A !IS W th! ~llll~li Cd iTU? b{t~l~]!~ O! L.1! 2'liti~C~Afi t0 klEQ v1!
~ nate~
~
fn~stumm ~actac~n w~~to t~,e ~ wsn noc sa~ces a~o~ uen ~ w cne y.
~ S. It detault oc made in tbe p~,ymeat o~ tasa. a~eab. lieas. datau~ lnwranoe pe~eaoltmn ot W uther cLarae
shatmoemr. or aq1 P~ ~ ar tn tbe perlornoanoe a[ aqy eei. to be pafd oe paiornsed by tDe Diort~oe nnder tt~e
~ns Lereo~ the Mort~asee mU?.~at fts~!o~ mafce py+~nent thereo[ or pestozm sar ut reqnlred a[ tbe Mo~tga~or
ln eu?y form or maar~er deeared expedlmt aud p4 an7 othrt sum U~t 1t neo~? to proteet tT~e see~d~ Oi tbls fastrtt
! meat:` _t)b_e amawb~~so~ „pali_d, arltb interest t~b~e~rjeuoMo _is'o'ma
Ytb/~e~ d-a`t-e a[ wch pymn_e`n_t' 'at tbe a~m•e_
ra~e ays
~bora_e b~ tbe
JpNn- .
' d~ W~i~ iYS4 f7c ~ ~ ~ YWl~liiY YW Vi~ Wc ~ ~ ~Y ~ ~ W ~ W~R ~ {A ~ x.
' fndebtedaess secursd ??ereb~? and•be fmmMlateb? due wd payable to the D[ast~agee. A~q? P~t hereM autborised to be
made by tAe Mort~a~ee m~ bs made aca~rdla8 to W b~11. stataneat ae eatla4ate l~sni,sbe~d ae proenred froa~? tlie ap~ro- -
grlate pu~uc o~ua os the w~'ks ~s w~ witbont faqulr~ mto tlr~ aoruraqr or ~raltdtfi~ tbeneo~ anQ tAe reoeipt at ~
W DuWic offioer or psrt,p ia th~ baads o[ tbe ffiactgesee si~all be ao~lndve evldeao~ a[ tl~e talldlqr an~d amo~uit at ltear.
so patd: the MortBa~'ee sLa11. at its opdon. Ue subrosated t0 a~? eaenmbrano~. 1kq. clttai ae 8ar~nd. 8ud to eII tLs rf=hts
- aad secuadtles iar the D~U~ ~ui. D~ld or dlscharEed wlth the ptlnelp~l anm sewred h+ereb9 ae b7 t1N --lR~e~
E ~ tee aro~lo~s l~enw~ aad rmq? sueh ab~atlon rlEl,ss maII b~ a~ddttiooal anQ a~aanlativ~e ~ec~niq? to Ws idant• •
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