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HomeMy WebLinkAbout1301 . • . . ~~i.~ ~ ~ ~ ~ . principal and intereet to be paid eaob montb on soaount of the Note, ehall be added together, and the aggregate amount tb~reo! ehall be paid by the Mortgagor to the Mortgagee in a eingle payment to be applied b?y the~Mortgagee on aoaount~~ot~~be'indebtedrieee o! the Mortgagor ptire~agnt to the Aote and tbie Mortgyet~~?' (to the eatent ~ that moniee are gvailable from the at~ount eo aep~eited), in tbe order, a~y prov3eion~_o~ tbe Note to tbe contras~r notwitbetandiag, ae lollowes ~ , ~ fi„ret, to tbe amoun~t o~ euoh ground rente, i~ aRy, tire ~ and other hasard ineurance premiume, tazee, aesessmente, water ratee and other governmental ahargee required to be ~ paid under the provieione of thie Mortgage, in whatevar eequenoe the Mortgagee m~r ezolueivel~ determine; ee___~_~~on_d, to intereet due on t~ie Note; t8,.ird, to tbe principal due on the~Aote; and fourt , the remainder to the late charges, if a~y, re~err~d - ' ' to in the Aote. A~y deficfenay in the amount o~ atiy euch aggregate monthly payment ehall, unleee paid by the Mortgagor prior to the due date oP the - ne~ct euch depoeit payable, conetitute an event of deYault under thie. Mortgsge. . . l 3 (c) A~r eacees f~nde that may be accumulated by reaeon o~, the depoeite required under Paragraph 7(a) hereoP, remaining after . ~ payment oY the amounta deecribed in claueee (i), (ii} and (tii) . thereoY, sball be credited to eubeequent reepective monthly amounte of the eame nature required to be paid thereunder. If Qny euah ~ amount ehall eaceed the eetimate therefor, the Mortgagor ehall ~orth- ~ with pay to the Mortgagee the amount of euch defiaiency upon written notice by the Mortgsgee of the amount thereoY. 3~"ailure to do eo - ~ before the due date of euch amount shall be an event o~ deYault under thie Mortgage. If the mortgaged property fe eold uader forecloeure or ie otherwiee acquired by the Mortgagee, after default by the ~ Mortgagor, any remaining balance oY the aacumulatione under Para- graph 7(a) hereoY, ehall be credited to the principal amount awing on the Aote ae of the date of,aommencement of ~orecloeure prooeedinge ~or the mortgaged property, or ae oY the date the mortgaged property ie otherwiee eo acquired. - . ~ 8. The Improvemente and all plane and epeoitiaetione therefor . _ ehall comply Mith all spplioable municipal ordinancee, regulatione, F~ aud-~riilee made or promulgated by laK!'ul authority, and upon their - 6001C~~ ~E~~ ~.:s ~ ~ x ~ i . - - ~ ~ ~'s"~~~~~-,.,~,• F ~ ~iad~ ~~v_.