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D. Mortgagor covenants and agrees not to exercise any ,
right or privilege of prepayment of the First Mortgage and
further covenants and agrees not. to enter into any agreements
with the holder of the First Mortgagor_modifyinq or amending any. _
of-the provisions dealing with payment of principal and interest
thereunder teiithout the prior written consent of the Mortgagee
thereto. =
E. Mortgagor agrees to pay to Mortgagee any sums required
to be paid to-the holder of the First Mortgage (other than -
payments of principal an3 interest under. said mortgage) at least
ten~(10) days prior to the last day under said mortgage that .
such payments may be made without constituting a default -
th~reunder and Mortgage agrees to promptly remit such sums so
paid to Mortgagee by Mortgagor to the holder of the First
Mortgage in-payment of such sums due under such mortgage.
F. In the-event the unpaid principal balance of-the First
Mortgage is reduced by the holder of said mortgage applying
insurance proceeds in reduction thereof or by prepayments made,
by Mortgagor, with the prior written consent of Mortgagee so
that Mortgagee's obligations hereunder to pay to the holder of
the First Mortgage, the unpaid principal-balance of said
mortgage as hereinbefore provided is-similarly reduced then and
in such event, Mortgagee agrees that Mortgagee's obligations to_pay
. the total indebtedness to Mortgagee hereunder, shall be likewise -
reduced by an equivalent amount; such equivalent amount to be
deducted from the final payment to be made by Mortgagor to
Mortgagee hereunder, in the inverse order of their due date. -
G. If the Mortgagee shall default in making a required
payment of principal and/or interest under either or both of _
-the First Mortgage, the Mortgagor shall hve the right to advance
he funds necessayr to cure such default and all funds so
advanced by Mortgagor together-with interest thereon at the
r-ate of ten (10$) per cent per annum shall be credited against the
next installment (s) of interest and pr-incipal-due under the note
secured by this mortgage.
H. Mortgagor and Mor-tgagee agree to promptly send to the
other copies of any notices received by them from the holder of
the First Mortgage. In addition,.Mortgagee agrees to send to
Mortgagor at the time Mortgagee makes each payment provided
herein, to be made by Mortgagee to such holder of the First
Mortgage, an advice that each such payment has been made (a
copy of Mortgagee's transmittal letter, if~ariy, will suffice).
_ ~ I. Notwithstanding any provision to the contrary contained
herein, interest shall-not be payable by the Mortgagee upon any _
sums_deposited with or held in trust by the Mortgagee pursuant
to -any provisions hereof. -
J. Mortgagor shall have the right to prepay the whole
or any part of the unpaid. balance of -the indebtedness hereunder
at-any time without penalty. However, it.is agreed between the
Mortgagor and the Mortgagee that any prepayment shall be first-
applied to the payment_of the First Note and First Mortgage. Any
prepayment shall be applied to the interest accrued to the date -
of prepayment and then to the principal indebtedness. Any
prepayment being applied to the principal shall be directly paid
for principal reduction of the First Mortgage and First Note
and any amounts over and above the principal indebtedness of
the First Mortgage and the First Note shall be paid over to
the Mortgagee hereunder. -
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