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rne~tt~ ehxll be hei~! by the 1lortfiA~ee, u•ithout interest, to pay such taxes flr.d asse~~ments and insurance premium3. All
paymenGS made under the ternis of thi~ para~rs~ph and under !he note secured hereby shntl be added together zind the
a~gregate amount thereof shali be paid by the biortgaKor in a single pa}•mc.it each month to be applied by the Mortga-
gee in pay~ment of the items and in the arder Iollow•ing:
(n) Taxcs and assessments, AIIC~ insurance ~1Ytllli3[713;
(b) Interetit on the iiote secured hereby; and
(cj amortization of the principai of ~aid note.
Anq deficiency in the amount of such a~;gre~;ate monthly payment :hall constitute a default under this :nortgage.
VVhen such taxes, ~sessments and insurance premiums fall due, if the amount~~ deposited by the Mortgagor for such pur-
poses are not sufficient to puy said ttixe;, assessments and insurance premiums, as the case mAy be, then due, the 1~Tort-
gagor ~~•il: pay to the Murtga~ee such deficiency immediately. When sach ta.Yes, assessmen?s and insurance premiun~
falt due, if the atnounts deposited by the Mortgagor for such purposes exceed the zmounts due for such taxes, asses;-
ments and insurance premiums, the excess ma~~, in the discretion of the biorigagee, be applied on subsequent monthly
pa~ments to be made by the Mortgagor. In the event of default under this mortgage any unexpended funds in the
hands of the ilortgagee deposited by the Mortgagar to meet the obligations of tases, assessments and insurance premiums
shal! be applied by t'~e !~iortgagee upoii the indebtedness hereby secured, in the iollo~~•ing order: (a), Interest on Ad-
~~At:ces made by the bfortgagee; (b), Ad~•ances made by the blortgagee; (c), Tnterest on the principal; and (d) the prin-
ripal deLt hereby secured. When any such taxes, assessments or insurance premiums fali ciue the :~Iortgagar witl ~rortiFrt-
1~~ obtain and deliti•er to the Mortgagee ~tatecnents w•ith respect thereto,
13. This mortgage shall also secure additional loans hereafter made by the then hotder of the ~~ote secured herebe
to t.he then o~sner of the real e~tate des~ribed herein, pro~~ided that no such aciditional loan shati be made if the making
thereof ~could cause the total principal indebtedness secured hereby to exceed the amoant of the original principal in-
debtedness stated herein. Each such additional loan shall be e~•idenced by a»ote or other e~•idence of indebtedness identi-
f~•ing such additional loan as part of the indebtedness secured hereby, and shall mature not later thaii the then maturity
date of the original indebtedness secixred hereby. Nothin~ herein cnntained shalt iitiply ariy obligation on the part of an}•
hvlder of said note to make any such additional loan.
1~. ,liort~a~or hereby assi~ns to :~iortgagee any and al( awards or damages, sctual and consequentiat, ior the ta1:-
in~; of any portion or ~?tl of the mortgaged prernises, by the exercise of the right of e:ninent domain or cond~m~a-
tion, including but not limited to damages or awards for changes to the grades of streets, or acquiring title to streets.
The proceeds of such awards or dama~es, ~~•hen recei~•ed b~- Mortga~ee, shall be a~;piied in reduction of the mortfiage
inclebtedne,s.
BOCK ~J~
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