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. tbe unpaid balaace owing to mortgagee or said holder of this.
mortgage and said note. The failure of martgagor to furnish
such.~tatement within ten.~10) days of the request therefor
sball be deemed an acknowledgment by mortgagor that to mort-
gagor's best infoimation and belief, no offsets or defensea
exis~ against mortgagor's indebtedness under the note secured
hereby and that all regular installments of principal thereon
(an~d no other) have been made. ~ ,
(b) l~iortgagee a~ree$ that if. mortgagee acquires the First -
. riortgage by assignment from the holder thereof (in lieu o
satisfaction) upon payment thereof by mortgagee to said holder.
that mortgagee. upon payment to mortgagee by mortgagor of the
totsl indebtedaess of the note secured by this mortgage, will,
at the aption~of mortgagor, execute and deliver to mortgagor
an assig~ent or satisfaction of such ~ Mortgage ~ "
togetber vith an assignoonent or satisfact on o t is mortgage -
all ta~ces and e~cpenses -(including mortgagee' s reasonable counsel
fees) in connection therewith to be paid by mortgagor. -
10. Ttsat the m~ortgagor shall furnish to the mortgage~ promptly
copies of all notices of default which the holder of the F r -
liortgage shall give to mortgagor, or which the mortgagor s a
give to or receive fran tenants of the premises~or any part .
or parts thereof based-upon the occurrence or alleged occur-
ren~ce, of any default or defaults in _ the performance of leases
of space tenaate occupyfng any portion of the premises.
11. Kortgagor shall have the right to prepay the whole or any part
of tt~e uupaid balance-of the indebtedness hereunder at any
~ time on _ thirty- (30) days' notice without penaltq, af ter _
•
y part prepayment s a e app ie against t e unpai
principal installnsents of the Note secured hereby fn inverse
order of maturity. In the event mortgagor wishes-to,prepay
the vhole of the unpaid principal balance of the indebtedness -
hereunder, the a~mount to be paid by mort agor shall be that
amauat determined by deducting from t~e ~ 26 500 00 " ~
, original priacfp al iadebtedness of mortga,gor ere n t e aggre-
gate of the following: •
(1) the aggregate of all payaaents credited on account of
; ~ principal because~of payments made by mortgagor hereunder
~ in amortization of said original principal indebtedness
to the date of such prepayment and
(2) the aggregate amount, if any,. by which said original
p"rinci~al• iadebtedness hereundar has b~e~ reduced byr .tnar.t-
= gagoi's applping insurance proceeds and/or condemnation -
' avard proceeds in reduction of sai:d principal indebtedness;
and
~ (3) that amount ~ c~aonputed by deducting from $ 11 2.~
(the present total of the unpaid principal ba ance un er
the Mortgage) the aggregate sum of all pay- ,
ments cre te on accounts of principal due under said
g^ Mortgage b~cause of payments made by martgag or
reu er a~ortization of the unpaid principal balance. -
of said First Mortgage.
IN WIT~iBSS ~1HF.R808, the said mortgagor and mortgagee have here-
uato si,~n~sd and s~alad th~os prsasnts tho day aad yaar firpt abov4
tirritteu. - •
OR
soox 273 P~16QQ
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