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iha1. ~n a~~ to put~cl ma~ tuNy tM s~cunt~ ol ths mat9p~. iM Matpspo.. ~~iM~ w~~n a~4 ~n i0tld~tN~ t0. tM nwnthlY W~mtnt5 undlr trK trrmi ut tt~
' .ute setur~d Mr~py. on IM sp~cdNd p~ym~nt O~t~ 01 ~~tA month untd tM s~~d ~ot~ ~s lu~w pa~d wa~ yay ~o ~ns nssa:~aaa~ u~e IWk,wu~y wms
Is) An ~nsts11mM1 0l tM Isa~s and asa~ssm~nb NvNd a to b~ NvNd p~~ost ~M p~~m~s~s cor~r~d by ttra rnw~yacp ~rW ~n ~nSt~IlmMt OI lMr y+lm~um
+ a pem~ums lM! Mnli p~twr?~ dw ind p~yabM to ~tnsw tM msu~~nce on tM Wem~s~s tove~W ~o~~Ly sya~nst lo~> by L~~. and w~ndstoim, as yrawdaf
~a by puapraph 3 prec~np. or aucA otM~ haiard st m~Y r~~~onaWy b~ ~pw~~d by tM Atsouatan. and a~ ~nstallmtnl of tM Wom+um tnst w~ll
a. w ~ MY~ Io reMw tM matp~p~ msuqnc~, d ~ny SUC1l Mil~llm~nti shill pe equa! ~especf~vely to one lwelfth (1,121A) o/ !h! es
~ Umated p~~mwm pr pr~nuums fa SucA m~uqnt~. and t~x~f srW sssessm~nts neat dus las ~sUmated ~y tAe Ajsoaatan) less alt ~nstal~ments a4eadY
~ W~d tM~dor. dwd~d by tM nump~r ol mpnths tMt ~n to e~ips~ on~ moMh pnw to t1+~ Wt~ whs~ suc~ premwm or premwms ar~ ta.es and
asssssm~nls wdl b~torn~ diunquN~t TM AssoC~~tqn. wlwN ~pplr~np such piym~r.ts q ~nwranc~ p~rtuums. taa~s s~x1 sssessm~nts Gatu~e thu sa~~e
_ ~ M becan~ Wunpu~M. sha11 ~?ot pay ~nta~st to the Mat9~poe on sucA furds. a~d s11 such psvments m~y b~ con~m~nq1W by tM AssOUil~On wrtA sny
~ OtYid7 iuCh ~uiMis v: w~iTi ~ji Dikt1 tU:i~3 T~'.$ ~.i::33 ~:E i~~t~~ ~ 3~ 3'!'~t!.~^^3~ SlC:u•tY I•v tn. c.,.++c ~..~..r.A 6y tlus Mo~tw9e and aa sub~ect lo use bv
~ ~ ~ ~ tM Assa;~stan m psym~nt ot At~ cMrp~i' snd Dink cWNctwn chupes
' c3 { ~ Alt paymsms menuaNd,n tM p~c~dnp suDs~c[wn of thrs pa.agraph and a~1 p~rm~n~s ro be made unds. ~ne not6 secur~d nereby s~au be adoed
c. - io~e~ne~ a~d ~ns ayprpat~ smoum in~rwt shaU b~ pa.d by ~he Matpsya exh mon~h a yn~t~ Paymnnt ro bs appl~ed bY tne Assa:~auon to tne
~ ~ ~ ~dbvr~rp Kems m tM orda s~t tath 1 t~a~s. ~ss~ssm~nts- and ~~wr~oce pemwms ? tate char~s and bank toNettron tha~pss. unlQSS pa~d ~n
manne. prowded m parapr~pA t(sl 3 Int~ns~ a+ tM noa secured nereby ~ Amorutauon ol ~he p~„x,~ai of note
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' ~ Any deF~c~ency m the imou~t oi such ~p~repate monthly paYmsnts shaU. unless pa+d by the Mwtgagw pra~ ~o the due date o1 tne nex~ such pa me~t. con
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5 ~naf J the toul ol the psYm~nts mstf~ by tM Mortpapor undlr d pir~a7ph ~ prtcOd~np Slyll e~ceed lh! ~nqunt ol piYmentS actWlly made by tAe
Assoaatan fw ta~es and ssseuments and mwr~nc~ pr~rtuums, ~s the case may be. sucA eacess shall be cred~ted by the Assouauon on subsequent payments
ro be made by the Matgsgw If. Aowewi. f1~s montnly psymems m~fe by f1+e Matpsya under lsl ot paray~spn 4 precad~ng snau not hare been wN~uem ~o
pay taxes and assessments and u~wrsnca pnm~ums. ss the uss m~y b~. when iha sama sna11 become due and pa~sbie. t~en. the Assocwuon m~y. at ~ts op
tan. ~mmed~ately pay wCA tsxes ind asseuments and ~nsura~ts Wem~um. ind the Mo~tyagW Shsll pay to the Assouauon any amount necessa~y to make up
tne dehuency. and wch p~yment shall be dus and p~yaDle w~tlun tMny 1301 daYS aher inQ date ol madmg o[ nodce by iAe Assouac~on setung fwtn ine amount
ot wch detK~ency If. st any ume. tM MortyiQor sh~If ttndsr to the Assousuon. ~n sccadanca w~th ths pov~sans ol the note xr:ured AereGy. full paymem of
the er~~~re ~~deb~edneu representsd her~by, tM Asspc~~twn shall. compubnp the amount ot such ~rWebtedness. cred~t ~o the account ol tt~e Mo~tgaga any
balance rema,n~ng ~n Ma funds accumuiatsd under th~ pov~s~w~s of (sl o} par~yreph 4
6 To perm~t comm~t a wHsr no wsste. ~mpa~rm~nt a Mte~aratan of sa+d p~openY• a any part tne~eo~ and upon tne tadure ot tne Mortgagor to ?eep tne
Duild~ngs on sa~d pioperty ~n pootf tw~d~tqn p rOpiu ~nd m~~nteMnc~. the Assoc~at~on may demand prope~ ma~ntenance and the immed~ate repa~~ ol saKl
bu~W~~gs a a~ ~ncroase H+ the amount ot secunty. or tMe ~mmedab repavment of the debt nereDy secwed. and tne ladure of the Mor~pagor to comply w~th
sa~d demand ol tAe Assouatwn Ipr s psrwd ol tlurty 130) days sh~?1 constrtuts s b~eacn of th~s matya9e. and. at tne optan of the Assouauon. ~mmed~a[eiy
matura ihe e~uro amount ol plnc~pal snd ~nte~est hNeby secu~ed. and ths Assoaatan ~mmed~a[Hy and w~[hout ~oace may msuwte Woceed~ngs to faecbse
th:s martgage and apply la the appo~ntm~+t of ~ re~s~va. ss MrNn~fte~ prov~ded. and ~n case of the ~efusal. neglect a~nab~l~ty of the Mo~tgaga to repa~r and
ma~ma~n sa~d prope~ry. the Assoastan may. ~t ~ts optan. make wc~ rspaus a cause the same to be made. and advance moneys ~n tiwt behalf
7 To perfam. comply vmth_and sbde by each and wery the st~pulanons. ap~sements. co~nd~aons and cover~ams ~n ~~d prom~sswy note and tlus malgape set
fath
8 To cortwly w~th the wbd~w5an rsstnCtMni and tM muroupil tOM~p ptd~nantes spp6taWe to tAe mortgaged property. no[ to erect pr perm~c to be ei6tted any
nr.w budd~nOs on the Drem~sss he~e~n mortpspsd a to Wd to a permA to Oe added to. make a pe~m~t to be made any slructural alteratrons to any ot the ea-
~St~n9 rtdprovemints tba~eOn wrthOUt tM v~rnltln Wnslnt ot tlb ASSOt~atwn. inO ~n the lv6m oi aoy v~oisuw~ u~ aiie~~~p: iu v~~~air 7~~eo3 SS:~.:;.' :i:,^,^.S. ,^,t 3.^.y CI
t?+em. tMs maigage and all sums secured hsreby shs11 ~mmsd~ately ~ecoms due and payable at the optan of the Assouatan
9 That ~n case oi a de~ault ~n any of the tams of th~s mortys9e and the hlinp ol a MU to ~oreclose tA~s a any othe~ mortgage enwmpenng the w~th~n deunbed
D~oPe~tY• tMe AssOaatwn shafl bs enbUed to spply. at sny t~m! ~wthOUt nOtKa pend+nfl s~cA taedowra su~t. to tAe court hav~ng ~un~~cba~ therept fa the aQ
pomtment o1 a recerver ol all and s~nyulsr the mwtpa9ed prope,ty. and of ~q the rents ~ncomes. profrts ~ssues and revenues ihereol. Irom whatsoever spurce
der~~ed. ard. thereuppn. ~s hereby e~pressly covensnted s~d ~preed Mat the court shaN fprthw~th appotnt a.ecerve~ ol sa~d mortgaged poperty. sll and
s~rgular. and ol suth rents. ~~CO~++QS. pto(rts. ~ssues aod revMUes thQr60f. lrom wfW150BVM SOUrce denved. wrth the uwal ppwers and duGes of re~e~vgrs ~n hke
cases. and such appo~otment sAslt bs made Oy such court ~s s matter of stn~~ npht to the Assouauon. and w~thout re/erence to the adequacy o~ +nadequacy of
tbe va~ue ol the property herepy mprt~pld, pt to lh! sOtvency Ot ~nSOtyQnty Ot lhe Mortgagor arxl ~hat such rents p~ofits. ~nco~nes. ~ssues. and revenues sAalt
be appbed by such rece~ver ~o ~ne wrme~~ of ~he ~*w«wae ~ndebtednssS. costs and cAaryes. accord~ng to tl~e wder oi such cou~t
1 O That ~n the event the ownershep of the mortpaped prem~ses. or any pait tAe~eof. becomes vested ~n a pcrson other than ihe Mortgagw, tbe Assoc~atron may.
w~thout nobce to the Mortgagor. deal vmth wch successa w s~cessors ~n ~nterest wrth reference to tlws mwtgage and the de~t hereby secured. m the same ~
manner as wrth the Mortgagor. wrthout m any way ~,t~sunp a d~uhary~~y the MortQaQor's 1~abl~tv he~eunde, or upon the dcbt Aereby sccur~ No sale ot the
p~em~ses hereby matgaged and no fwbearance on the psr~ of the AssouaUOn. and no e~tens~W~ of th~ t~me tor the payment of tne debt hereby secured g~ven
br ~he Assoua[an. shall cipe~ate io rs~eass. d~uharpe. mod~fy. chanpe a affect tne or~gmal t~aD~t~ry of tne Mortgagor he~em. e~thei m whole w m pa,f
t t That en the even! Ihe prem,ses hereby moriQaped, a any part thereot. shail be corxiemned and taken under ~he power o1 e~n~nent doma~n. the Assoaat~w~ shatt
nave ~he nghc to demand [1w~ al1 dama9es awarded la the tak~np ot or ~n~ury to sa~d prem~ses sha11 be pa~d to ine Assouauon ~es wccessors or ass~gns. up ~o
the amount then unpa~d on th~s matflaye and msy be sppl~sd to sny wms Iast payabla hereunder '
12 7hat nme ~s of the essence of th~s contrsct and tAat ra wawe~ of any oD6gabon hereunder or of the obt~gatwrt secured hrreby s~au af anY ume thereaher be
heid to be a wa~ver o~ the te~ms her~l or p} tAe promissory note secured hereby
13 In the event of any delault m am of tne terms oi tlus mwtya9s. a~n the note secured Aereby and acce4rauon by the taider. w any othe~ s~wauon tha~ wouW
cause the ~nterest pa~d or paYade under tfus oW~yatron to exceed the mtarest rste auttwr~rtrd DY ~aw. then +n such event a1~ eacess ~raeresl theretofore pa~d sha11
be cred~ted to pr~nupal and all accrued and unpa~d excess ~n~erest sha~~ aDate and sha11 not be an obt~gatron ol the maker or o1 any otner per~n
t 4 That to the extent o( the ~rxlebtedoess o( the Mortqagor to the Auoaatwn deunbed here~n or secur~ nereby the Assouauon ~s hereby wbrogated to the Aen
w I~ens and to the nghts oi ths owner and ho?dsr tMersof of esch snd every mortyape. I~en or other encumbrance on the land Ceunbed here~n. wh~ch ~s pa~d and
sausfied. m w?wle w~n parL out of tMe p~oceeds of tha Ioan dexnbed herem a secured liereby. and the ~espectrve bens ot mprtgages. I~ews or other en-
cumbrances. sAatl bc. a~d the ume snd esch of tAem hsreby ~s presene~f and shall pass to and be hefd by the Assoaanon here~n as secunty fw the ~n-
debtedness to the Assoc~atwn here~n descnbed w heraby secured. to the same eatent that n would have been preserved and vrouW Aave been passed to and
been held by the Assoaatwn had ~t been duly and reyulsrly asstqned. transleired, sN ore~. a~d del~vered unto tne Assoc~at~on by separate deed of ass~g~ment.
notwrthstarkl~ng [he (act that the ssme miy be sat~shed and cancetled oi recwd, ~t be~ng the ~ntentron ol the pan~es hereto that the same w~tt be sat~s(~ee1 a~d
cancelled o1 record by the holders thereof st or about tAe ume o/ the recwd~ng o/ th~s mortgage
15 That ,f any ot the wms of money herem rofe~red to be not promppy and fully pa~d wrth~n thuty (30) days neat atter the same severally became due and payabte.
o~ ~f each and every tAe supulatipns. aqre6ments. condtwns snd covenants ol sa~d prom~sso+y rote and th,s macgage. or erther a~e not d~,fy pertormed. com
plred wHh and ab~ded by. the agg~egaie wm unps~d under sad prom,ssory rqte and th~s mortpage stwll become due and payable forthw~th or thereaher at the
opuon ot the Assoaat~on. as fully and complete~y ss ~i sa~d ~ppreyate wm oi money were a~gmally supulated to be pa~d on sucb day. anyth~ng m sa~d
prom~ssory note w here~n to the contrary notw~tAsta.~d~ny
16 That ~n order to acceterate the matunty of the indebtedntss t~ergby secured because ot the fa~lure of [he Mortyagot to pay any ta• assessment. I~abi~ty. oDi~ga
aon or e~xumbrance upon sa~d property as herem prov~ded. rt shau not be necessary no• reqwsne that the Assouauo~ snai~ hrst pay rAe same
1 7 ?f a convevance shoul0 be m~e by the MortpaQor o1 tAe prem~ses here,n descnbe0 or any pa~t he~eot. and the grantee named ~n such conveyan~e ~aJs w
refuses to assume the payment ol the obl~ystwn ev~denced by sa~d prom~sswy note and secwed by th~s mortgage and ~n accwdance w~th theu respect~ve
terms and abde by the ru!ts arYi regufatwns oi the Assouat~pp„yslud+~p payment of a feasonable vansfer tee then. and m[nat event at the opuon and upon
the demand of the Assoc~auon all sums o( inoney secured hqreby sha~~ ~mmed~ately become forthw~th due and payable
t S That thp~Ubstroct or abstracts of trtle cover~np ths mortpipad prdpe~ty shal~ at a0 ames dunng the Ide ot tha matgage ~emam ~n the possess~on ot the
Assouauon and. ~n event of the ipecbw~eof tMs mortpaye. a ott~er transter ot trtle to tAe mo=.yaged property. m eaunyu~shment of the mdebtedness secured
hereby. au _right; utle and mte?est of tne Monpago~ m~nd=TO eriy such abstracts ol ude snaU
pass to the pur~hase. or grantee
19 Shoutd the vaDd~ty o~ i~en ot tlus mortgape, or ~Ae nute secured thereby. be cpntesied by bUgatan a olherw~se. the Mortgagor ayrees to pay to ihe Asso~~auon
the cost ot ~fend~rg the same ~nclud~np a reasonabie sttwney's lee
20 To pay aN end s~nguler thv cous. d~srges'and axpenses. ~ne{uding,ttornev~s ~~s ~easonaWy mcu~red. o. pa~d at any ume by the Assouaaon. because of the
fa+lure o! the Mwtgagor to pe+fans. comply vnth and ab~de by each and every ~he supulat~ons_ ayreements. ccxxf~bons and covenants o( sa~d prom~ssory note
and th~s mortgage, or e~ther, and every wch (e:cept iw the payment o( the montlily ~~staltment as reqwred by the Prom~ssory Note1 shall bear mterest from
date at the rate of ten per cent (109G? per a~rwm unhl fully pard
2) ~he Assouatan shall have tAe ngAt st sny t~me and from bme to t~rrte and wnthout nouce to or consent o1 any person to ;a1 re:ease any pprtwn of the prem~ses
from ttie ben oi th~s mortgage. (bl re~ease ~ny person I~sble fo~ payme~[ O~ any ~ndebtedness secur~ hereby Ic! extend the t:me of payment or alter ihe terms
of payment ol alI or any part of the ~rWebtednass. wrtAOUt aHecunp or refeas~ng the personal I~aMhty of any pe~son t~able {~ther t~an any person reieased pur-
suant hereto) for the payment of any wm or mterest secured hereby and wrthout m any w~se altermg. vary~ng w d~m~rosh~ng the faces eftects. or t~en of th~s
~no~tgage on a~1 tne prem~~s not specdkaDy released trom tAe hen o1 th~s mortgage by the Assouauon
22 Any agreement nereafter made by Mwtgaqor an0 Assoaauon pursua~t to th~s morig~ ShaI1 br wpenor to the nyhts of tf~e hoider o~ arry ~ntervBnm9 legn or
enwmb~ance
23 l~POn request of Mortgagor. the Assouatron may. at rts sole optwn. l.om Ume to bme. befo~e ~ull payrnent of a~l ~ndebtedness secured hereby. make further ad
vances to Matgagw. prov~ded. however, that the totsl pr~rK~pal secured hereby and ~ema~mng unpa~d ~nclud~~g any such advances sne1l npt at any i~r~ ea-
ceed the w,g~nal pr~nc,pal wm secured Aerepy Mortpaya sAall p,y ell wth ~urther advances w~th ~nterest and ~he same shall be sewred hereby All prov~swns
of th~s mortgage sna11 apply to esch iurtl~er sdv~nce ss well ~s to sli othe~ ~ndebtednass secured hereby Noth~ng herem co~ta~ned. however. sAall I~m~t the
amount secur~ by th~s mortgage ~f wch amouM a~x~essed by advances made by tbe 4ssoc,as~on. as here~n e~sewhere provrded tor to protect the secuniy
24 In the event the Mortga~or herem. or any wbsequent Mortgagor, or any pprson p corporatan own~ng any ~nterest whatsoever. should encumber the property
herem mortgaged by an instrument commor?ly reterred to and krqwn ss a"wrap ara~nd matgage` wilhout hrst obta~mng the wrrt?en consent o( the dssoua
uon. then. at the optron of the Assoc,at+on. the oW~gs[,on secured by tba Mor~gage shali ~mmed~ately become due and payaWe
25 To prov~de the Assoaatan with Fbod Iruurance Coverage ~t the real properry ~s raw oc hereafte~ determ~ned to be wrth~n a.specwl tlood 1~azard area as shawn
- on flood Ha:ard 8oundary MapiFlood Insuraace Rate Map as pubi~shed by the federal Inwre~ce Admuustra~a~ .
Zg At the request of the Morty~yw, ths Auoastan ~prNS to wave tM pronsa~s o! parayraph 4 relaure to the creatron ol a haza~d mwrancs secount. prov~ed
however. that tMe Assoaatan nu~ns tM reaht. ~t its optan. to r~•~nsute sueh prov~srons pf sawf paragrapM 4 as an oW~9a[wn pl ths Nfdnq~or hsreundsr upon
the happerrng ol any ot tM fotbvnnp .
A Fadure to mske any paymsnf rpuered undp tl~ urms of tl+* nots on w bslore the ,due date thereof
B Fsduro to c~mpiy vnth sh~ irtsuqnc~ prov~swns p~ pupraph 3. a ot ~ny o1 the other terms and conduans of this mortqs9e or ~ots. or~~ritb t~ msu.ance
' reQw~ements contau~d in th~ O~cl~ratw~ of CondornuHUm ~nO r~tated documsnts stauld the mwtpaysd propsrty be committsd to'condom~awm
STAT OF OHIO ~ ~ COUNTY OF - \ I ,/L~ ~ ~
~s~
IC)-M-~t ~ The foregoi~g instrument was acknow~edged before aie thfs day of
M~CA~2 AL1gUSt~ 1978. fjy .,T$~RY R. JONTS and ELLEN S. JONES, ~fi~,s wife.~~
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