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~ 3At~~ 8~?~a ~t H1AOlt li~~~`~'S~. s 4~ ~ BED P'LA? Ol~ ::~3
' ~ ~ ~lOVI'8 ~~tlt BE~i' 8VB~1R8IO~i ~ ~ ` 1~ding' to tl~i . -
~`i!1~?~ th~r~~ , reool'i+~i 1II ~ll?t`~~eo 11.`' wt pa~~ 46~^~,
o! the Pablio- ~ St. ~ Comat~. 1~loMds.
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' Ia oardQr to swre fully p=ot~ct the aQCUtity o~ this Maztyage, the
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MoYtQe?9o~ ~ toyether wfth, and in additfoei to the ~onthly paysents
due undes thQ terms of thQ Noto secured horeby, oa thQ lst d~?y o~
~sch and every ~acath until said Note i~ fully paid, ag~cee to psy
to and "deposit with Bloact9aqQe an amount Qqua?1 to o~e~tw~elfth (1/12th )
of the egtia~?tad anaual real QatatQ taxQa, assQSSaents, and firQ,
extended covera~ and other hazard insurance preaiw~s, so that thQ
MortqayQe will have oaa hauad an aaount su~ficient to pay each such
iten on the date an which p~?y~»t o~ the sa~e bQCOmQB duQ and pay-
able. The Mortya9ee shall have the rf9ht to Qstablfsh th~ aaount
af- such escraw ^nd the a~ouat of the monthly deposit reqaired to
cree?te the eacrow accouat for pay,oent of said itees, althougtt the
Mortga9ee ahall not be liable in any ~a?nnwr Evac corractness o! tha
amouqat established and collected. The Mortqa9ors a~cee to deposit
Rith Moartyagee ~ro~ tfne to time such additionsl suos in escsaw as~
may be necessazy to pay any deficiency in the escroar accouat
requfred to be collected in order to ~ake the annual pay~ents of~the
foreqoiny ftems. In the event of delault hereundQr resulting in
! accelesation by Mortqsgee of the indebtedness secured by this
! Mortqa~e, or in the event of forecloswro hereol~ Irtoutyagee shall
~ have the zight, at ita sole~aption, to apply the then balance
; held in seid escYaw account to zeductfon of tbe indebtedness due
! to Mortgaqee an the Note•securQd hereby, such escraw deposit to
! then be sp~lied lirst to zaduction of interest, costs, attorneys'
fees, and principe?1, in said order. .
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