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I And sMll pertorm, oompfy with snd abide by each and sve~ of tl+e sti IaUo~a. .
pu b,coadltioa~ ud coreasats set
fortb ia thb aw~t~,a~e aad i~ t!w ptomlaory Aote ~ecured he~by, aad any reaewals a o er aobs ~ivss ia acco~du~ce betewith.
tAen t6b nartp~e and tbe euat~ Mqb~r cieated shaq oaue aad be aun aud roid.
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~ Md ~W Mort~or for hin~seU add hk haits. kpl repre~eatative:. wccesson and assi~ns, l~e~eby couvenanis and apees to
and writh ~aid Mortpjee. its kpl represeatstive~. waesson aad as+~as:
, 1. To pay all and dasulu tbe priacipal and intereq and the varioui and wadry wms of maw~r payabk by vktue ot said
promissory notes. aad thb mortpp. each aad ev~ery. pmmpty? oa tM da~rs re~pectively tM sune become dw.
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2. To pa~r sll aad the taxes, as~es~aNab. kwies. Wbillties, obliptions aad iacom~aao~t of erery patun aad kind
noW oa s~id dex~bed ptopertY, tdat hereattet m~y be iiaposed. wffercd. Placed. bvied as weaed thereupoa. aad that heraftet
maY be kried or asacssed upoo this mo~ . the Ldebtvdnea secured he~ebY. or botA. each aad erery. rhea due and MYable
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sccordia~ to la~. befo~ they become del~uent. aad be[om aar iaterest attaches o~ any penatqr is lec~urod: ~a ~o ru u~r -
tbercof b of record the tame shW be prompUY ~ti~lied aad dlscharted of eeoord aud tbs oRiaat oftkial documeat (wch as. for
uutance. the tax teoefpt or the sstisfactan pape~ otlkialbr eadoned ot certitkd) shaU be plsc~ed in We hands of Iilott~ee with-
in ten da~s next afNr paymeat. -
3. ?o~p aid buildio~s. aad any ~rhich maY he[a[ter be ecected ~pon Wd psmi~e~. inwced ~aiast lo~ ot dams~e by
i tire and wd~ other hasardi or ridcs u may be requked bY MurtaaDee, in weh smount or aavouats ss mar berequirad by sajd
l~lonPiee. in wch iasuraaoe company ot oompanies ai Mort~ee, in wcaes~ors or aai~ns. may aP'Prore. aM to ddhrer to s~id
'i A[on js~ee, u additional securitp hereto. the pollcks of wch ias~uanoe and of any sdditional iawranae rAicb shall be talcen out
upoe, snch buildinp xhik saY P~t ot tbe indebudnes~ a[eres~id ~haU remaia unpaid, hwin~ attsched to aW policks such mort-
p~e udemaiqr dawe u Mo~tja`ee shall djrect. Reae~ak of wch polkies shall be so ddivered at lesst tea day: before any sucA
~ - iawtsnea thall expire. Al! imuraAOe arried ~haU be ssti~hctory to saW Mortaa~ee. My wm wfiicb may b~eowne due under an~r
i such pdicy eay be applied by ald Mort~ee, at its optioa. either to ceduoe said debt or to rapair or ieptaoe the improreraeats
~ wreted er uid poticy Sajd Mort~ee may procwre aad wbstitute for aay aad aU of the inswaace so Deld ss aforesaW. such
ot4er pdicq or polkies of huunaoe. in like amount. a it miy determise. prorided Mort~o
r fa~ls to ceplace aay such inwrance
~ ~rithin tea days afte~ beias notitied that the Insurit~ Company is no io~er spproved by Mort~ee. ln ca~e of sak w~der fore-
closu~e bereot. all such iawrance shall thenceforth~ and nnti the period of redemptioa slnll expire. be made payabk to the '
' holder of the certificate ot ~ale; aad ia such erents aH Yo~t~ce is hereby authoriud to cdlect the wrcaraed ptemium on any
II wch policy it may cause to be caaceUed. reprdkss o[ rrhether taid ptemium is paid by Mort~or or l~fot~a~, aad apdy such
ptemium Ww*ards tile parmet~t of prea„um on any wth ae~r iawrance so payable to tbe hdde~ of such oettificate. .
in a~se said Mortpsor :hall neglect ot nfuse to keep sa~d premises ia sood repair and conditioa. to p~y prompUy ~rhen
duc aU tsxes and a~essments. as aforesaid. or ta rcmore my statutory lieas on s~id p~emi~a. ot to koep the buildinas and
impioremeats insured, as aforesaid, and deGrer tbe policy ot poikies ot Iawrance, or ihe renew~als thertof, to•said llortpsee,as
aforaad. tben said Moit~ee m~Y. if it sAall so ekct, make repairs. maiataia said ProperiY and pay wch tazes wd assemneats.
~rith tbe socrued interest oa1C otY'~oer's foes aad ez e
, P~ Ks, . W reoa redam said remi~es ~rhich ma lare ban wld 6t for-
[eitod [or tuet ot assessments thereon. purchase any taa ti~i
t6e~eoa. iemcrse any atpatutory liens aad pmsecute oc defead any _ ,
wits in relatloa tbereto; inwre aad keep inwnd said bu~7dir~s in the wm. u atoraaid. or for aey kss sym aad [or such time. as
_ iaid llortsasee msr deem proper. Aay wms rhich msy be so paid out by said Mo~t~aaee, and all wms paid out for wbstituted
insurance; as afotaaid. includina the coats, expeusa aad attoraey's fa paid ia any suit atTeet~na said ra! atate. ~rhen nece,s- -
saty or approptiste to protect tde lieo haeof. sluH beu intetat froau the date of such pqmeats at ihe same rate as is specified,
In the note secured hereby, u pay~bk after default in_payeaent ot said note, shap be paid by ~aid Mort~or to uid Mortasaee
upon demand aad shatl be• deemod a part oi the debt bercby secured. and recorerabk u wch in aU retpects. Aay wcb liens
claims. hxes. assesaments, o~ tax titles so putchased. Wid. or rcdeemed by said Mort~ee shall. as bet~retn the parties hereto
their succason in interat, be deemed valid, so that in no erent shatl the necessity or validity of any wch paymeots be disputed.
Neither suci~ p~yment by ltortaaaee not ifs rnlkctioa from Nort~ot shaU waiMe or affect any optaa, lien. equity or.riaht o[
Ilort~~ee's,
S. U raquatod by the Idorta,a~ee the Yott~or, to~ether ~vith and in additioa to the moatbty paYments uuder the terms
o[ aU nota ~ecueed hezebY. oa tbe due day of ach monthly payment aad uaW said aotes ue fuily paid. shal! paY w the Yort-
~aee m instalimeat of tbe tuas and as~ments neat to beoome due a6ainst the mortEa6ed Pron~ses. m installment of piemiums
ne:t to become due oa mwred pdicias requued by the Mortea~ee, aed aar othet charEes qYabk aoootdio6 to tWe oommitmeet
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tiaance. SacA 1mbUmeats shail be ual ivel to wch taxa
u esNmated b tbe lb W ~ Y and a~ments. u~wranoe prcuuuan and other char~. all
Y rt~ee. kss all wms already paid thereon. airided br fhe m~mber of monelu thac an to e1~p~e before one
aanth prac ~ t6e date when wd~ wca ud as~esanent~ iawnaoe p~ea?iums ud otbec cbar~es will beoosro d~e. Said ~nsta0-
meat: s6al1 be hdd by the Mort~ee (barina the interest for Mortsaaor) topay suc6 taxa. s~ts. iasunna pmaiwas
aad otLet chu~es. M payments made nnder t6e term of this para~aph aad under tbs note sewted hereby shall be added
toaether and th~ agaregate amount thereof shaU be paid_by the Mort~a~ in a tingk p~ymeat 4ach moat6 to be applied br the
b(ortpsee in payment of the terms and in tbe order [ollbwir~: (a) Uxes aad assess~aents. aad iaturance prcmiums and otha -
cfi~~ qyabk aocordi~ to. the oommitment to Maaa; (b) intaat oa the aota sxured 6eret~y; and (c) amortization ot the
ptincipal d said nota. My deficiency ia the amount of such aageE,ate nanthly parmeot iha8 oonstitute a default w~der this
mort~e. Wl~en such taxes. asse,waents, ias~ua~s pnmiums and otbei c6ar~es faH dne, if, the amouats deposited by tbe Mort- -
paor for snch pY1pOtEt ilt ROt SYICICICAI t0 ~ fild Ultf, iiltSfAIOO~S, insunnee prcmiums. aad other chu~s, u the ase mar
be, then dae. then the ltort~a w~l pay to tbe Yort~ee wch deficiency immod'ntety. Wheo suc6 axa. auessments, inwnna
premiums and ot6er chat~es [a1~ due, if ibe amonats deposited by the Mortgaaor [or wc6 purposes exaed the amounts due for '
wch taxa, a~ats, u~wraaoe premiums and othet chuaa, ihe excess may, in the discretion of the NoripEee, be applied
on subsequent moothly psymenls to be made by the Mort~gor. tn the event of default uMer tdis mott~e any uaexpended
funds m the hands of tbe Mortp~ee deposited by tbe Nortasgor to mcct the obli6ations o[ tues. as+annents, insunnoe
preouums and otber chuses. alup.be appiiod by the Mort~ee upon the indebtedness l~ereby secured io the followir~,r order• -
(a) interest on advances made by the llonaaace: (b) advahxs made by the Mort6+6a: (c) iutaest on the principal; and (d) the
princapal debt hereby secured. When aay snch hxa, as~neots, inwranoe premiums or other dar~es taU due tF?e Nortga,sor '
will prompUr obtafa and delirer to the Mortp~ee statemeats with respoct thereto.
6. The Mortp~or nptaents and agea that Wit aartp~e loan aad a~ future laans e~idencsd Dy the atoresaid pramraoty
notes ~rhich sn xcured hereby aee ioade and e:teoded by Mortga~ee ia relianoe. ~ part, on the fmaaci~l backarourd and ab~7i-
ties of Yort~or and any oo-maken, aua~aators or eadcnen to. jointly and uraal~Y. WY wy and atl ruious a~ mndry :ums of
money and tLe specitic nte of Interat payabk by virdu d said piomissory notes and this mort~e. 7'hae mort~aye loam are
' • ur~de[stood and ageed to be made aud exteoded to tLe Nori~or only. It is aeith~ pcesumed, pcpeessed or implied that tLe
obliptioas crated hecew~der may be uwmed or ormed M~ any Puty other i6aa the ldortpaor, ahet6a or not upoa the
. ~ale or oonreyanoe of t6e premites herejn desrn or an~par~ wereor. tr a oo~ya~,~oma be m~ae br e~ vortp~or o[ tbe '
~ Premi~es he~ein descn"bed, or am put thercof. without t ~ttM CO~fGAt Of tN! ~IOlt~~DE. (w~hich oonsent may be ~vith6dd '
aibitran7y or eranted on tums sekcted by ldort~ee ia itt ~ole discrotionJ a~vithout assumptioa botf~ by proper eaecution ot
aaumptlon saceements and Telated forms in we by tbe Yart~ee md br assumptioa in resul~r form of taw br tbe srantee of tbe
obl~atio~s created hereunda. then. in eitber o[ those erents. aad at t6e optioa of the Yortaa~ee and wiiWout ootics to the Yott-
~or or W anY utbet put~?. all snms o[ aaney sxtired berrceby ~ ima~ediatdy sad coaaureotty am ~ao wc6 oonreyaaoe
becane dne aod payabb and in defauh ~vi~etha ar dot tbe same ue othenvba due ud payable or ia defidt by tbe p~ecifk
urms herwL The foreaoiuE option shaU be exadsed bp Mort~ee at its sok aad compkte disixetion. 77ie atorptid consent of
w~f rt~~ ~the
f dtl~er B~ the o~ri1l~heW wiWout aay uirement of tlre 1[art~ee di~tosia~ smr reasoo Werefore. Not-
t wnership or the mortt+~ p~emises. or .nr ra*t thereot, becomes .~tea ia a penon oeher
~'as wy~ da! wnth snch woce~or or suooe~on in interest wit!? refaeaoe to thu m~t~ee. aad
the debt her~~ecured, n;~{ar of any chau~e ia the terms o[ t4e obl~atio~u crated ha~e~nda. rrithout in wy manuer ~
ritiatio~ or disc6~rpna tbe ortpaor's liablity i~ereuader or upoa the .debt 6ereby sewred. TLe Yort~
or sLall at all tima
. continue tiabk for tLe wdebtedness sceared hercby unt~7 this mortaa,~e is fu0y dischar~ed or Yortp~or e~ Camal~r relea~ed br an
instrumeot in w~ritina duly executed by the liort~ee.
9. Mortaaaoc, at tbe optaa ot Mort`agee. slul! pay a"Iste charlpe" rat exceedin6 two per oentum of aay said
monthly i~ataliments includiq6 any iastallrneat for payment of taxa and insunnoe whea ~~~E -
date thereot (pmvided that ia no e~eeat shall aaid "lite char " tesult in ttie ~ ipO~ ~a ten days dter tue due
interat permittod by la~v). to rnver the exua e ~ P~Y~pt ot interest in excess of ~be muimum
xpeme involved in handling dNinquent payments. Sucd "late chu6e shall not be
payabk out of the proaeds of any sak made to satisfy the iadebtedness secured heroby, ualess wch proaeds are tust wffr
cient to discharae the entire indebtednas and all proper costs aad expenses secured thercby. A reasortr.bk minimum "late chuEe"
will be chataed as ciutomuily fued by Mortassee fr~m time to time. wd Nortaagor aErees to pay said minimum "late char6e."
it incuaed.
8. To peratit, commit or sufCa no wasu ud to mainuin the improvements at aU timas in a state o[ ~ood rep~ir and con-
dition; and to do or permit to be done to said Qremises nothi»6 that will alter or chaige tbe use and chancter of said property or
in any w~ay impah or w~ealcen the ucurity of ~aid mortaa~e, ln case oi the rcfusal, negkct or inability of the Nort~or to repair
ard maintaie sajd property. tbe ?[ort~ee may at iu optioa auke wch repair or pwe the same to be made ud adnnce monies
in tlut behalf which wms shall be securod by t!x lien hercof and bear interest ~t the same nte as is specified in We note secured
hercby, as payabk after de[ault in pvyment of said note.
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~ go~2~ PA~ 728 -
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