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33. All notices hereunder shall be in writing and -
shall be deemed to have been sufficiently given or served
for all purposes when presented ~ersonally.or sent by telb-
graph or by registered or certified mail with return receipt.
requested to any party hereto at its address above stated or
at such other address of which kitten notification has been
given to-the other party. ~
34. -All of the giants, covenants, terms, provisions
and conditions herein shall run with the land and shall
apply to, bird and inure to the benefit of, the successors
and assigns of the Mortgagor and the successors and assigns
of the Mortgagee.
_ 35. That, if required by Mortgagee, the said Mortgagor
will pay unto the Mortgagee, on the first day of each and
every consecutive month, a sum equal to one-twelfth of the
annual amount necessary to pay all taxes and assessments
-against the Mortgaged. Property, said monthly sum to be
estimated solely by Mortgagee and calculated to be an amount
not less than_the amount of taxes assessed against the j
Mortgaged Property for the previous year, and 1f further
required by Mortgagee to pay. all insurance premiums in
manner and form as provided herein for the payment of taxes
and assessments. It is understood and agreed that so long
as Mortgagor complies with the tax and insurance escrow
- requirements of the First Lien Mortgage that Mortgagee will
not enforce the provisions of this-paragraph.
36. That this Mortgage cannot be changed orally.
37. Delete. -
38. It is further covenanted and agreed by the parties
hereto that this Mortgage also secures the payment of and
includes all future or further advances as mad be made-by -
the Mortgagee herein or its successors or assigns, to and
for the benefit of the Mortgagor, its heirs, personal repre-
sentatities, or assigns, within twenty .years from the date
hereof or the maximum period'of time permitted by the laws
of the state in which the Mortgaged Property ,is located,
` whichever is the lesser to the same extent as if such future _
I advances were made on the date of the execution of this
Mortgage. The total amount of indebtedness that may be
secured by this Mortgage mad decrease or increase from time -
to time, but the total unpaid balance so secured at any one
time shall not exceed the maximum principal sum permitted by
the laws of the state in which the Mortgaged Property is
located or $5,000,000.00 (whichever is the lesser if a
specified amount i~ specified), together with interest
thereon and any and all disbursements made by-the Mortgagee
for the payment of taxes, levies, or insurance on the prop-
erty covered by the lien of this Mortgage with interest on
such disbursements at the rate specified in-the Promissory
Note referred to in this Mortgage, and for reasonable at-
torneys' fees and court costs incurred in the collection of
any or all of such sums of money, such further or future
advances shall be wholly optional with the Mortgagee, and
the same shall bear interest at the same rate as specified
in the Promissory Notes, unless said interest rate shall be -
modified by subsequent agreement.
_ t
39. In addition to the obligation described above as
evidenced by the Promissory Notes, this Mortgage is given to
secure any and all obligations from Mortgagor (excluding
-17- s~~K~1? FA~~ 577