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liav;.n;~ pri~~rtty over Che lien of tl~is Mortgage, the Mortsa~or shall n?ako the
•leposi ~s rsnu~rrJ by tl~ i s Para~;rapli 7 o~ly in the event of the termination of
~~icl? ubli~;.~~,uu un~tc•~ ch~+ prloc m~,~-tt:a,:C or stiailar instrumpnt. '!t?c t~tort~agor
:.?~H 1 1 :;i v~• p~ om~.t n~~~ i~~~~, j n wrf ~ in};, tu t h~ Mortga~;ec oC thc occurrencN af
11~~~ l:~::l u~~•nll~im~l ev~•n~ . AI I s~~~•I~ rtnruu~ls so d~~~~ositcd M?ith Che !{ut'tt:it~,~~i~
ul~:~ll t~~• lirld Iry thc Mort~;s~:':e, ~•r :u~y nf'.~'~~l di:ai~;natcd by it. in tTUS't ta 1~.•
uxcN1 ~,nty fur tlu• pa}naei~c of s~~cl~ f;rci~~rxl rente, premtw~s, Caxes, aesessment~,
watc•r r:,tca a~xi othar governmc~tal charg.~s. No interest shaIl be payable by
~I~c Mort~aacc on any sum so depositcd.
(b) All amounts required to be deposited with the Mortgagee monthly in
accordance Witl~ Paragraph 7(a) hereof, and the aaaunt of principal and interest
to be paid each month dn account of the Note~ ehall be added together, and the
aggregate amount thereof shall be paid by the I~Iortgagor to the Hortgagee in a
sin~;le payment to be applied by the l4ortgagee on account of the iadebtedneas
of the Mortga&or pursuant to the Note and this Hortgage (to the extent that
morties are available frofi the amount`so deposited), in the order, any-provision
of the Note [o the contrary aot~rithstanding. as folla+s:
first, t~ thc amount of such ground rents, if any, fire and other
hazard insurance premiu:ns, taxes, assessments, Water rates and
other governmental char~es required to be paid under the provisions
- oE this Mort~a~,i~, ;n whatever sequence the Mortgagee may exclusively
~Iccermine;'
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' second, to intorPSt ~lue nn ttie Note;
ti~ird, to the princiP.~tl ctue on the Note; ancl '
.fourth, the r~•mair~er to cl~e late char~es, if any, referred to in
the Note.
l.ny deficiency ~n the amount of any such aggregate monthly payment shall, ~
unless paid by the Mortgagor prior to the due date of the next such dep~sit
payablc, ronstitute an event of default ~~nder this Mortgage.
(c) Any excess funcis that may be aceumulate~ by reason of the deposits
requirc-f under Faragraph ?(a) hereof, remaining after payment of the amcunts
~lescri?~csd in clauses (i), (ii) and (ifi) thereof, shall be credited to subse-
qc~c;.~_ resrc•rtive monthly acnounts of the same nature required -[o be paid ti~ere-
~ ~~rr.lcr . If any such aaec~unt shal l exceed the estimate therefor, the I~rtgagor
' shali l~nrti~witl2 pay to the *tortga~;ee the amount of such deficiency upon WrittPn
~ »oricc• ny tiie rtortga~ep of thc amonnt th~reof. Failure to do so 6efore thc due
date o? sucli amount shall be an event of default under this Mortga~e. If thc
~ mort};a;rd i~,opcrty is sold u~er foreclosure or is~otherwise acquired by the
~tort~i~eu, af?_-er default by th~ l~rt-;a.^,or, any remaining balance of the accumi~-
~ latiuns ~~;~c=er FsraRrapti 7(a) t~ereof, si~all be credited to tt~e principal amount
rnr3'n~ on t-hc Note as of the date of cor~?encement of forerlosure proceedin;;s for
the ~r~~:a~~d ~~roperty, or as of ~I~e ~ate the mortgaged property is othen~rise
5n ,j.
H, •^},r. ;a,provements ?nd all ptans and specificattons therefor shalt comnl:• . ~
~ri~lt all a~~plicable municipal ordinances, re~ulations and ruLes made or
prom~rl;ated bf laurful authority, ancl ugon their completion, shall comply
t),e;e:.~:'r_': a~~d witi~ ehe rules ot the Boar~i of Fire Underwriters having juris-
~'lct it~n.
~ ti, t;_~on r~:r,~ Cailnre b,r the FMrt~R~or to comply with or pcr£orm any of the
~ :.~•~~~~s, cov^n~nts or condi tions of ti~is Mort~age requiri.n~ the payment of any
amo~~nt -~o~~~y bv t:~e Morts;a,;or, other ~.han the prirtcipal amount of the loan
::~•~'~r~c~ed h.. ChE iVOLC~ in[er~st and otl~cr charges~ as provided in the Note,
~ hc :;ore -.:;;ee mav at i cs option r.~ake st~ch payment. Every payment so made by
~ .hr. '.urL:;~;ce {yn~-:.itrlin;; reasr~nable attorney~s fees in~:urred thereby), witt~
~ ~~?r~_~~-~ t:~ereoo Cro~ the ~:ate at suctz ;~ay:nent, at the rate of threr percent
~ ~3•,~1 p~r r~-,s~~r.~, er.ce~~t aii;~ pa;n,ent 'ur which a differenC rate of intcrest is
~ s,•~~c; ii~'r.i:;a, shai ! bc ,~a~ablc h~~ the i4ortgagor to the Mortgagee on ~?cu~.an~l
~ a:;~' ! i t~• sec~red by s'-?~r~;;~;;c . TLis Mortgage wi th respect to an,~ such ~
a:jc~•~:: airi ~'ic inter•~st c i:ereun si~all constitute a Iien on ti:e mort;;abed ~~ro- ~
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~ ~:e:: : t~~ ac~y o~_her lien attaci~in~~. ~r accruin : s+:bsequcnt to the lien of _
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