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' 6. To perform, comply with, and abide by each and every ° }
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' stipulatio~, agreeme~t, condition and covena~t in said Promissory ; ~
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'.Note and in this deed set forth. ~
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7. If any of said sums of money herein referred to be ~
not promptly and fully paid within 10 days next after the same ~
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' severally become due and payable, or if each and every stipulatio~, ~ ~
agreement, condition, and cove~ant of said Promissory Note and ~
~ this deed or either, are not fully performed, complied with and
abided by, the said aggregate sum ~aentioned ia said Promissory ;
~Note shall become due and payable forthwith or tlereafter at the
optioo of the Mortgagee, its heirs. legal representatives, or
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assigns, as fully and completely as if the said aggregate sum ~
were originally stipulated to be paid on such day, anything in
, said Promissory Note or herein to the contrary notwithstanding.
Unless the Mort a ors are paying their taxss monthly. to a; ~
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prior Mortqagee, the Mortgagors agree to pay with each montbly ~ ;
note payment a sum equal to one-twelfth of the annual estimated ~
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real estate taxes on the above described premises. It is agreed
that the relationship between the parties is that of Mortgagor ;
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i and Mortgagee and not that of beneficiary a nd trustee; that the
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~ Mortgagee is under no obligation to segregate the said tax
escrow payments from its general gunds; is under no obligation
to invest the said tax escrow funds or deposit them in an
interest-bearing account and the undersigned Mortgagors herewith ~
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waive any claim to interest or dividends which may result from $
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tbe use r~of said fund by the Mortgagee.
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IN WITNESS HEREOF, the said Mortgagors, have hereunto
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800K PAGE 24 ;
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