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Arnt ~hall prtform, ri~mply w ~th and ahnlr by r~ch ~nd r~ery' uf !he ~tipulauuns, ~Krrrrnunl~,cunJ~~iunc rnd :u~enant, ~t
forth in this murt~;:?!tr and in Ihr pron~i~x~ry iiutr xruraJ hrtrby, and ~ny rrn~wal+ur other ~otr~ givrn in accvrd:~nce hrr~w~uh,
ihrn lhic mort~tagr and the estatr htrchy ctr~ted shrll «ase ~nd be nuii rnd void.
And ~id Murtg~gur li~r himsrlf ~nd his hrirs, Irgal represrnt~tivet, ,ucrrstiur. ~nd a.~i~n., hrrrb~• cun?•en:~nt~ anJ rKr.e. iu
JI11J N'UII ~?III ~IUfI~'.LIj,'~Y, it~ Icgal rcprcxntauvrc, succcc~ur, and ~+~iKns: ~
1. Tu pay all and sirqtul:~r ~he principal rnd jntrrest a~iJ thr van~u. and sundry ~ums of money pryable by virtue uf .aiJ
•~€s ~?*..:.r~,,;.r, e~s.-h a~ci every. nr~~mptlp ~n the ds}-s rcspect+tielY the same become due.
2. Tu pay slf -rod smFular +hr taxrs, ;~s~e.~inents, Iev~r~, liabiliues, oblixationc and incumbrrnces of evrn~ nature ~nd k~nd
ouw un ,~id drxritkd pruprrty, t!?at hrrraftcr may be impus~tii, witrrcd, placed, Irv~rd ut ~~~rsxd thrrcu{wn, anJ thrt hrrcat tet
m~y bc levhd ur :?ssr~+ati1 up.,n this mottg~gr, the inJebtednecs ,ccu~rd hrrrby, ur buth, ra~h anJ every, u hen duc rnd pa?aDle
~r:ordinK to I~w, brfure they berumr drlinyuent, and bCfurr rny inteirst attache+ ur any penaUy is incurrrd; ~ne1 ih s~~ far as ~ny
thrrcul is ut rcrurd thr ~mc sh~ll br prumpdy sati~lied 'JI1lI I~ISI'Il~f(1tA U( IC~UfA Jfll~ lllt` Uf~:lll;?I U~IICt;1I IIUI'UtlllO( (~UIII JS, IOf
in~t:tnrr. !hC 18X 7t1Y1~1 or ttee s:itisiartiun paper officially enJurxJ ar cenifi.dl shaU tx pl~crd in the h~nd~ uf \lurigu~c~ anh-
m irn Jays nc~t afler p~ymem.
3. To keep said buildings, a~d rny which may hereafter be ercrte~i upun s:?~d premi~s, insurcd :4tainst tuss or dama~ hy
tirr and wrh ~ther harards or iisks ~s may be rrquired by ~fortgagee in wrh amuunt or amuunts :n m•ry be require~i b~ said
Alurtk~~r, in such insuran~r rpmpan~• ur rompanies as 4lortgage~, its sucteswrs ur as~igns, may approve, aad tu deliver to said
\turt~t:~~zrr, •rs adJitiunal security heretu, the policies of such insur3n~Y and of any :eddiFeonal insurance xhich ~hall be taken out
upun wrh buildmgs while any peri of the indebtedness aforesaid shall remain unpaid, ha~ing attached to said pulicies wch murt-
~;age irnlemnity l'IJ45f :1S ~for~g:~ee shall ciirect. Rcnewals of surh puticies sh~ll be xo Jeli~•ered at te~st ten d~ys before ~ny such
insurrnce shall expire. All insurance rarried shall be satisfartory to said Alortga4ee. Any sun~ which map become due under any
wch policy~ mr~• be applird b>• ~aid Murt~~gee, at its uptiun, rithrr tcr rcdu~Y yid debt or to repair or replacr thr impru~enxnts
-ro~-ercd by said potir~•. S:ud \tort~a~:ae ntay procure ~nd .ubsulutr fur any and all of the insurance co hrld ~s':~fureuid, surh
- uthrr Ex~licy ur poliries of inwranre, in likr amount, as it may dctermine, providrd Murtgagor failc to replace rny wrh insuwn.e
aithin ten day. ai'trr bring notified that the InwrinK Company is nu lunger ~ppro?ed by \lortK~gee. !n case of yle undrr fur~-
:b„ure hrrrof, ~II surh insurance ~ha? thrnrelonh, ~rni until thr periud of r~demptiun ctwll erpire, be made pa}~able to the
hulder of Ihe ~rrtificrtr of salc; and in surh re~nls ~id \brtgaYCe i+h~reby ~u~huriccd te~ cullrct thc unrarn~J pr~m~um un ~ny
wrh puliry it may c~usr tu be canrelled. re~errdkn ol w~helhrr ~id prcmium is paid bp \fu~tga~or or \turtgag~e. and rpply wrh
premium tow~rds the payment uf prcmium un un~• wrh nrw• insur~nrr so payable to the hulder of such ccrtifirate.
4. In case saiJ !11ort~Kor ~hall nr~tl<<; or refu.e krep ~iJ premi,ec in ~u~~d repair arxi cond~tiun, to pry prumpttc a t~en
due al! tates rnd :ecxccmenls, ~s r)orr,:iid, ~~r to remuve ~ny ~tatutuiy lirns un wid premisec, i~r to keep the buildingc a~d
imprurrmrnts imur~d, as afores~i.i. and d~licrr thr puliry or puliciex uf insuranre..,r the rencwals thercof, to said ~tort~~~e.as
afure.:~iJ. thcn Lid ~turt~:a~Cee mat, if it ~hall u~ rhrt, mske r~~au., m~intaen ved pruperty and pay wrt? t~xrti ~nd a.K.,menn.
with the accrued interest, prnaltirc. oftiier'c Iere, ~nd ezprnset thereun, rederm uiJ premi.e. whKh may ha~r heen wld ur fur-
frit~d lor taxes or asx~.mrnt. th~reon, purcha~ any ta~ titlr therron, rcmovr an~~ ctatuto~y Gens and prosecute or defrnd any
suit. in rrlation therrtu, insurr and krrp m,umi vid buildint. in the ,um, alore:~id, ur fur any Iess sum and f~~r .u:1~ tim~, ac
said \lon~a~rce may decm propcr. Any~ ,um~ whirh m:~y br w paid ~~ut h~' ~id \turlgagee. and all ~umc paid uut fu: wb~tituted
insuram~; •rs afores;~id, inrludin~ thr ru.tti, r~~nxs and attorney'~ ire paid in am• suit aCfeciing s;~iJ rcal ect~tc, ahen nere~-
vey ur approptirle tu prutrct tt~c lirn hercuL .t~all b~sr interrct fr.~m the date of ~urh paynkntti at the c:wme ratc a+ is sprr~fiiYl,
in the nute secureJ hcreb>•. ac pa}•able aftrr drf~ul~ in pa~'mrm uf wnl ~iutr. ,hall M paid b}• wid Vurte:+gur te~ saici \f.~rteagze
upun drmanJ ~nd ~h:?II br dremrd a parl ~~f Ihr d~bt ficreby xcurcd. and rrro~rrable as surh in all recpert.. An~~ wch lirm
claims, ta~rc, ~~sc;c~mrntc. ar ta~ tidr~ w F1U[CFIJ4l'(I. F1JNI. Of ft(iCtI11Cl~ I~\' VIII ~~Uf1Y:f~'Cl' ,hall, M'!K'~CO iFll` PJftIC] hetetu
thru ~uc.YSS~in ia intrre.t, br derm~J tisl~J, w Ihat in nu evem :hall the nrre.+it~ ~r ?aliJiq uf any cuch payments be ditiputed.
\rnhcr w.h p~t•ment b~ ~1urt~agee nur ii~ ruUertiun from \IortEe~ur ~tiall a•ai~e or atfert an>• upuun, lien, equity or ri~tht uf
~I~~rtgarrr's.
5. If rrquesteci b~ tt~e Nortg~~rr, the 31~~rtg,,~ar, tueeihrr w~itl~ and in ~ddiuun tu the munthl~ pa~ments under the trrms
~.f all notes secured hereby, un the due day uf each monthl?• payment and until yid notec are fully paid, ~hall ps}• tu the ~tort-
gagee an installmrnt of the taxes :~nd assessmtnts next to brcorm due au,~inst the morte~erci premi.es, an inuallment of premiums
next to become due on intured poliries reyuired by the \tort~eagee, ~nd any other rhrrges payable arcurding ~u lhr r~~nunitment
to finanut. Such insWllmema shall be equal respectivrl~~ tu surh ta~~i and assessments, insuran.~e premiums and other charges, ~11
~f
as estimated by the ~Iortgagee, Icu all cums alrr:~dy p~id therron, dividrd b}• the number uf months that are to elapse hefore one
month prior to the date a~hen surh ta~es ~nd assessments, imuranrr premium~ and other charges will become due. Said install-
~ mentc shall be held by the Mortga~re tbe~rin~ the interest for ~1ortYa~:or/ tu p~y wrh taxec, ascrsiments, insur~nce premiums
II and other rharges. All payments made under the term of this p~ragraph and under the note ucurrd hereby shall bc added
to~ether ar?d the ag~regate amount thereof sha0 t~ paid b~- the .ltort~agur in a sin~te pa}•me~t carh month tu be apptied bt• the
~lortgr~ree in paymcnt of the term. and in the ~~rJer folluwing: lal taxec and a~sessments, and insurance premium, and other
charges payable .~c~ording to the commhmrnt to tin:ince: (b) mterest on the nutes .rcurrd hereb~
: and fcl amortizatiun of the
principal of said notes. Any deticerncy in thr ;?muunt uf wrh agyregate monthly pa~•ment shall constitute a defaolt under this
mortK:ege. 11'hen wch t~xes, assescmentc, incurancr premiums and other chargec fall due, it tLe -rmuunls deposited by the ~tort-
kaY~~r for wch purpusr. arc nut .ultir~ent tu pa~• vid ta~rc, a~x~cmrntc, tn~urance pr~rmum~. ~nd uiher char~rc, ~s the r~se may
br, thrn dur. thcn thr ~~O~IY3gUi KII) Qd\' (U th~ ~I~,rt_~agrr cuch drfiricncy immedi~trt~. \I'hcn,urh ta~r+.~ccr..mrnt~. in+~r~nre
premiums and uther chrrg~s fa11 due, if the am~runts dep~~sitrd bt the ~lurtgag~~r li~r wrh purpusr~ e~cred thr am~~untc Jue for
wrh i~xea. asseccmeat., insuranre premrum. ~nd i,ther char~r~. thi ~~cr.~ m:~. m th~ Ji~cretiun of th~ ~tortea~rr. br applird
~n ,ubsequent munthl~ paymemc to be m~de by the \tortgaE~~r. In thr r~rm ~~I ~afauh under thic niortg~~~ ~n~~ uni~{~ndrd
fund. in Ihe hands uf thr \lurt~g~^e depusitrJ b~' the ~}urtEJ~ur to meet thr ubl~iatium uf ta~e+, a.cr„ment~. ~nwranre
prcmiums and othcr ch~rges, shall br applied by !he !lfortg:~er upun thr indebmdne.c hercby ccrun~d in thr fullowin¢ urdcr.
la) mterest on advancec madr b~ the \(i~rtFrger: Ih) adcuncr~ ~nade hc thi tt~~rte.igrr: 1.1 ~nterr.t un tt?r prtniipal: a~d Id? tttr
pnncipal Jeht hereby cerured. Nhen any wrh t~res, ascet+ments. mwrancr premiu~m ur uther char~ee fall due the ~t~~rt~,~~ur
will prompUy ohtain and deliver to ihr Nort~agee statemenis w•ilh respert theretu.
6, The Nortgagut represents and agrees that thic murt~ge luan and all future lu~n~ e~~idenred b~~ the rlure~id pr~xni.wry
n.~!es which are secured hereby are mrde and rztended by ~lortgagee in reliance, in part, on the fin3nrial background and abili-
ties of ~lottgagot anJ any co-makrrs, guaranton or endorsers to, juintly and severally, pay an}• and all 4arious and sundry sums of
nx~ney and the specific rate of interest pa} able by virtue of s;~id promiss~~r~~ nutes and this mort~ge. These mortgrgr luans are
, undrrstood and agreed to be mrde and extended to the Nort~agor only. It is neither presumcd, cxpressed or imp~ied that the
ubligations created hereunder may be assumed or performed by any party other than the 5tortgegor, M~hether or not upon the
s~le or conve~~ance of the premises hercin described or any part thereof. If a rom•ryan~e should be made by the ~fortRagor ot the
premises herein deccribed. ~x any part thereof. w~ithout the Written consent of the ~tortg:igee, (whkh coo~ent ma~~ be withheld
arbrtrarilq ur grantrd on terms srlected by 4fori~a¢ee in ~ts sole dicrrr~iun,! or Nithuut assumptiun hoth by proper e~ecuticm of
auumption agreements and related forms in use by the ~tortgagee and by assumption in regular form of law• by Ihe ~rantee of the
obligations c~eated hereunder, then, in either of those events, and at the option of the tiiortgagee and aithout ratice to the Murl-
ea~or or to any other party, all sums of money secured hereby shall immed~~tely and conrurrently and upon surh ronveyance
become due and payable and in default w•hether or not the same are othecwise due and payable or in defauh by the speciRc
terms hereof. The fare~oing oplion shall be exercised by NortKagee at its w!e and rumplere diuretion. The aforesaid consent of
~fort~rgee may be either gr~nted or withheld w~ithout any requirement uf the ~tortgagee disclocing any reason therefore. tioi-
withst:~nding the foregoing, if the vwnership ot the mortpaged premises, ur an~ part thereof, becomes vested in a person other
than the ~fortgagur, the \torteagee may deal with such wcceswr or successors in interest with reference to this mortR~gee, and
thr debt hereby secured, regardless of any change in the terms of the obligations rreated hereunder, without in any manner
~iti~ting or discharginR the Atartgagor's liability hereunder or upnn the debt he;eby secured. The ~fortgagor chall at all times
~~ontinue liable fot the indebtedness secured hrreby ontil this mortgrge is lull~• dischar~d ur ~lurt¢agor is formalh• releaced by an
in~trument in wTiting duly exeruted b} the ~1ortKa~tee.
7. 1lortgagor, at the optiun of \tortgagre, sh~ll pay a'9ate charge" oui exreeJing two per renlum oI an~' said ay.~regate
munthh• installmenic including eny installment fot payment uf ta~ec and msuranre when peid nwre than ten days after the due
date thereof (provided that in no eveot shall ~id "late charge" rewlt in the pa~•ment nf intrnst in e.~ceu ~f the ~na~imurn
intrrect Exrmitted by l~w?. tu ec~cer the rxtra expense iminlved m hendlin¢ dehnque~t pal~mrnt~. Such "late chatgr" ~hall nut be
payable out uf the pnkeed. ~if any wle m:~de to caticf}~ thr irxiebtrdnecc secured hereby, unlesc wrh proreed. are fir~t .utti-
.irnt t~~ J~x~har~rr the entire indehicdnrss and all proper cu~1s and expenx. ce.ure:! theicby. A ira,unablc minimum "I~tr rharce"
w111 bc rharged as customarilp fi~cd by ~luttgagec from time to tune, and ~I~,rt~:a~us ~grees w pay wid mimmum "late.harte,"
if incurred. '
8. To permit, cummit ur suffer no aaste anJ to maintain the ~mpro~•emenis ai all i~mec in a state of Yuod ~epair and con-
diuun: rnd to do or permit t~. be d~me to ~id premicec nothing that will alter or rhrnFr the uce and rhatactrr ot ,a~d prupert~ ur ~
in ~n~' wry impair or weaken the se:unty of s;sed murt~ge. (n ~acr uf thr refu~rl, ne~lc.-t or ~nabiLty c~G thr ~~UfifiJ~.'Ut f0 fPPdl(
and maintam said ptopetty. ihe Nortgagee may at its uptiun make w.h repa~r or cauk thr .ame tv br made :~nd ad~an~e m~,nies
in that bch~lf Khirh sums shall be xrured by the lien hereu( and bear mtcrest at the came ratc as is tipccifed ~n the note .e.ured
hereby, as pay:~ble aiter Jrfault in pay ment of saed noie.
~'t,~~ 28~ ~~~~t 224 =
~ ~ ~ : ~ ~P~ 285 ~~.~f ~8b~.