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Md shaU per[orln, eomplr ~itA aad abid~ Sr qch sad ertry o( the stiputa~iuns. a~reemeots,conditiom and covenants sel
forth in Uw mortsaje and ia lhe promiswry aote secund hertby, and auy ronew~ab w othe~ eotes pven in accotdance hercwilh.
tAen thh awrtp'e and the estate herebr c~eated sha~ cw~e aAd be suq aud ~?oW.
Md saW Mortpsor for himself aad his bein, kpl tepraenatives, successws and auign~. heteby convemnts and asree: to
and with uid Nortptoe. its lesal tepresentathea, succeswa and as+ip~s:
1. To pay aU aad sia`ular the pnscipal a~ mte~ett and tbe varions aad suodry wm~ of morey payabk by rirtue•o[ uid
p~omitsoty notet. and thu mortpje. esch and every. PmmPdy oa the dar~ esspectivey the same bemme due.
2. To psy sU ard si~utar the taxrs, a:scssmenrs, kv~es, Inbllities, oAiKatans and incumb~ances o[ every nature a~d kind
now Qn said described pioperty, that herp(ter may be impvsed, wf[ered, ptaced, levicd or asses~ed thereupoa. and that Mreafter
may be levied or asses~od upon this mvrty~e, the ~adebtedneas secured hcreby, or both, euh and every, when due and payabk ~
secwdin~ to Isw, before tAey become delinyuent, aod befo~e soy iaterest attaches ot any peaalty is incurrcd: and in sfl tar u any
thereof is o( taord tbe same alnll be prompUr satisE'~od and d~schar~eed af record snd the orsinal of(ical document (wch u, for
instana. the tu reoeipt or the satisfsctia~ pape~ o[Cr~aYy endo~sed or cenified) slull be placed in Ihe hands of Murtga6ce with-
in ten days neat ahe~ paymeat. `
3. To1~ep ,.;a a?ua~. ~ne ~nr .~,;a~ ~r s~re.[~a ~~«~ea ~:.ia a~,~.. iawred a~ain:t loss or damaee by
fue and wch otber l~azacds or nslcs as raay De requ'sed br Yortpyee ia wch anaunt ot unouats as may berequlred by said ~
Morip~ee. ia sudf ~nsuranoe co~aey or compaoias ss Yo~tp~ee. its wccess~n oc sssiBns, may approve. aad to deGver to said
Mortaa~ee. as sdditional ~ocurity 6ereto. the poli.~ia o[ sYJ ima~anoe and oi any additional iasurance w~hich shall be Wcen out
upon wch auild~s Mrhik aay part ot tbe iadebtedness aforesaid ~hall romLa unpaiQ. darint attsched to said policies wch mort-
• ~e indemmt~ dawe a Yatsaeae shaU d'aect Reoevab of wcA palicies shall be so delivered at kut tea days befoce any wch
uiwnnoe shall expire. Atl insunncs arried sAaU be sstistsctary to said Mort~ee. Aoy sum wrhich may become due under any
such policy may be spplkd by said Yort~oe, at iu optioa, eitder to ~oduce said debt or to repair or roplace the improrements
rnveted by s~d poficy. Said lyottaaaee msy procure and w~stitute fot any asd all of the iasutance so held as sforesaid. such
other policy or policies ot iriwrance, ie I~e amount, u it may determiae, prorided Nortp~or hils to replace any such insunnce
within ten days after bein6 aotified that tlx~t~uriu6 Compaoy is no lon~er appmred by Mortga6ee. In case otsak under fore-
closure hereof, all wch inwrance shall thencefortA. and uad the petiod of redemption shall expin, be made payabk to the
holder of the certifiate ot ~ale: aad ia wch evenls said 11ort~ce a Acreby authorized to collect the unear~d prcmium on any
_ w:.h poliey il may quse to be cancdkd. ~rdkes of ~Aetber sa~d pnmium is paid by Alortasgor or Mortaa~:e. and apply such
ptemium toa~ards the psyme~t of premium vo any wcli aev iusurance so payable to the hdde~ of such certifk~te.
4. In case said Monpaor shall pe6lect or refux to teep said premises in 6ood repair and condition, to pay prompUy when ~
due all taxes and as~sments, as aforesaid, or to remore aay statutory liens on said premises, or to keep the buildings and
improremeats insured. as aforesaid, and deliver the poiicy or poNcies of inwnnce, or the renewals thereof, to said Mortgsace,as
aforesaid, tAen taid Ywtaaaee may, if it shaU eo ekct, makc repairs, mainuin said property and pay such taxes and assessmenis,
with 1he accrued interat, ptnalties, otV'xer's Cees, and eapenses thereoa, redam said prcmises which may hare been sold or for-
feited for taxes or assessments thereon. purctuse anp tax titk thercoa, remove any statutory liens and prosecute or defend any
wits ia relation thercto, inwre aad teep wwrcd said buYdinas in tAe wm, u aforcsaid, or for any kss sum and for such time. u
said llottg,a~ee may deem proper. Am sums wDich may be so paid aut by said MortasEee, and all sums paid out tor substituted
insurance; u aforwid, indudin~t the cosis, expenses and attorney's fee paid in aay wit affecting said ral estate, when neces-
sary or appropriate to protect the tien hereof, sluli brar interest firom the date of wch payments at the same nte as is specified, 7
in the note secuted heteby, u payabk after default ia payment of said note, shatl be paid by said Mortga~or to said Mortgagee :
upon demand and stu0 be deemod a part o( the debt Aercby secured, and reroverabk as such in alt Kspects_ Any wch liens ~
daims, uxa, assessments. or tax titks w purchased, paid, or rc~deemed by said Mortgagee shall, u bstween the parties hereto
their successors in intemt, be dcemed valid, so that in eo erent shall tM nocessity or .ralidiry of any such payments be duputed.
NeitMr such payment by MonFaEee nor ~ts .oUection (rom ~lort~or s1u0 v?aire or aflect any option, lien, equity or right cf
Monaagee's.
5. !f tequatod by the 1lortp~ee thr Alort~or, toaetber ~?+ith and iu addition to the monthly payments under the terms
of all nota tecurcd hereby, on the due~day of ach monthly payment aad until said notes ue fuUq paid, shaU pay to the Mort-
6a6ee an uutallment of the taaes aad assesun~au ae:t to bevome due apinst the mort~a6ed prcmises, an inriallment of p~emiums ~
nezt to baome due an insured po:icies requirod by tbe ~IonEa~ee, and any oUxr cha~a payabk accordin6 to the commitment
to finance. Such insWlments shall b~ equal respectivety to snch tues and auessments, inwranae pnmiums and other chuges, all
u estimated by the Mortgaaee, kss all sums alradr paid thereon, dirided by the number of months that ue to elapse beforc one
month prior to ihe date w+tmn wch tues and as~essmeats, iasuneice premiums and other char~es will become dua Said install- -
ments shall be hNd by the MortgaEee (beuin~ the iaterest for blort~eor) to pay such uxes, assessme~ts, insunnce prcmiums -
and other charses. All payments made under t6e tcrm oi thas paragaph and under the no~e securod hereby shall be added
toaether ancl the agareEate amount th~reof slull be paid by tbe ~lort~or iQ a s~ie paymerit each month to be applied by the
Mortpges in payment of the terms and in the order fdlorin6: (a) tuss ~Ad asx;~s, and inwrance premiums and other
charEes payabk accordi~ to tlx commitment to fimnce; (b) interat on the~out~bred huebyrand (c) amortiution of the
, principal of said notes. My defuiency in the amount o( such aage6abt monthf~p~,~ ~e~f ~haii constitute a default undei this
mortgage. KTen such taaes, assessments, insurance prcmiums aad other c(~s~ea:faN Aue,~[ tb4 aetounts deposited by the Mort-
~ gagor for wch purpc~aes are not sufficicnt to pa~• said taxes, assessments, mwnn Y~l; and otl~ei c~harEes, as the cau may
rp st
; be, ihen due, then the MortEa~or w~ill pay to the f~iort~ee sarh defuaeaq ~ utely eeth t~xes, assessments, insunnce
~ premiums and other chu~es faU due, if the amounts depaaitod by the lio~ f8r si~ch purposes excoed the amounts due for
I wch tua, assessmcnts, inwrance premiums and cther chu~es, the etcess may, m the discretion of the Mortaagee, be applied
on •subsequent monthly paymrnts to be msde by the 1lortaa~at. !n the event of default urder.this mortpge any unexpended
funds in the hu?ds of tlx Mortp6ee deposital by the ltort~gor to meet the obligations of Uxes, asscssments, insunnce
' prcmiums aad other charges, sha11 be appl~rd by the llort~aEee upon the indebtedness hercby secured in the foUowing order,
~ (a) interest oe adrancss made by the ~1ort~agee; Ib) adrances made by the ~lorf~gee: (c) interest on the principal; and (d) the _
ptincipal debt hercby securcd_ K'hen any such taxa, assessments, tnwtance premiums or other charges fall due the Mortgagor
~ will prompUy obtain and deli?et to the atortg~~ee siatcments with tespect thereto.
~ 6. The Mortaa~or rcpresenu and agees ttut t6n mon~e loan and all future loans evidenced by the aforesaid promissory
rota wfiic6 an aecured hereby are made and exteodod by llortpaee in nliancY, in part, on the financial background and aSiti-
tia of Mort~or and any oo-maken, Euanntors or eadocsen to, jaapy and sevenlty, pay any and all rarious and wndry sums of
money and t6e s~ecific nte a` intereu payable by virtue of said promisiory notes and this morty~e. These mort~age loans arc
undentood udageed to be rtude and extended w tl~e Mortaa6or oaty. It is neitha prcsumed, exprcuod ot implied that the
oblisaGons crcated F~ereunder may be assumed ot podormod by aay puty other than the Mo~t~or, whethet or not upon the .
sak or conveyana of the premises 6ereia dacribed or any part thereo(_ If a comeyanoe should be made by the Mortgagor of the
ptemim hereia de~cr~bed, or aay part ihereof, rithout the writteo conseot of the Mortpsae. (which consent may be withheld
aibitrarily or ~anted on terms sekcted by 31ort6~ee ~ its sok disaetioaJ or w~ithout uwmption both by proper execution of
aswmption aateemeots and rehtcd forms ~ use by the Mortaa6ee and by aswmption in regular form of lawr by the grantet of the
obliaations created hercunder. then, in either of tho9e ereats, and at the option of the Martp~ce and without notice to the Mort-
~ ~or ot W any other puty, all wms of mooep sxured bertby sha~ immed'utNy and coacurrently and upon such conreyance
~ • become ~dne and payabk and 'w delault vbnl~er or not the same arc otherxix due ud payabk or in defautt by the specific
~ terms herwL The fore6oina optaa sFull be exerciaed by Mort6ases at its soie aad compkte discretion. The atoreraid conxnt of
Mortgaaee may be tither ganted or wit6held fitLoot any reqoircmrnt of the Mortaaaoe disclosi~g any reason therefore. Not-
~ ~vithstandins the foresoinE, it the o~vnership of tLe mortp~d premixs. a any part thercof. becomes vatod in a perwn other
than the ~lortp~or, the MortaaEee may dcal w~it6 soch wae~sor or succcuon in interest ~vith refaeace to this mortgaaee, and
; the debt hereby secwed, rrprdkss of any chao~e ia the terms of the obFgatans crated hereunder, without in any manner
ritiatit~ ot di~charainE the ~[ortp6or i liability hereunder or upon the debt hcrcby secured. The Mortgagor shall at all tima '
~ continue tiabk tor the indebtedness secured heKby until this mortp~e is fiuUy dischar~ed or MortgaEor is formaUy released by an
inswment in w~ritina duly executed by the flatEa~ee.
~ 7. lilortaaaor, at the option o! )rlurt~a6ee, shalt pay a'Ute charge" not exceedinE two per centum of any said aggregate
monthly installments includins any insUllment fw qyaxnt o( taxes and insunnce when paid more than ten days after the due
~ date thenof (prorided that in no event shall said "late charae° nwlt in [he payment of interest in excess of the maximum
x interest permitted by law)~ to corer tbe extn expeme iurohrcd in handlin6 dtlinquent payments. Such "late charge" shall not be
~ qyabk out of tbe prooeeds of any sak roade to satisfy the indebtednea secured hercby, unless such proceeds arc first :uffi- . s
~ cient to discharae tt~e eatire indebtednrn aad atl Proper costs ud eapenses secured ihercby. A reasombk minimum "late chuge"
~ wiU be.cha~ed u customuily fixed by llortaaaee from time to time, and A1ort~or a6rees to Qzy said minimum "late chuge; '
~ if incutted.
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8. To permit, commit or wffer no wute and to maintain U~e impravements at all times in a state of ~ood repair and con-
~ dition; and to do or pemtit to be dooe to said premetcs nothin6 that wriU alter ot chinge the use and ehat~ctsr of said property or
~ in any w~ay impair or wreafcen the securiry of sa~d mortpae. In cax ot the refusal, negiect or inability of the Mo~tgaRor to repair
and mainUin said propetty, the 1(ortaa6a rmy at its oQtion mate such reQair or caux the same to be :nade and adrana monies
~ in that behalf w~hich wms shall be tecured by tbe IicA hereof and bear ~nurest at the same rate as is specified in the note secureA
~ hereby. as payabk a(ter de(ault in payment of said note.
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