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Home My WebLink About0476 _ - - _ . . _ ' r And tJttY paforUt, nom with and abuts by each and every of the stipulatiora, a~roan~ats,ooaditbm and covenants sat forth ltt t`_-~ t~ a~ in t. gr !+oa oeaurad henbr, sad say nawak err otliat notes elves is aaadaeoe harrfth. Wen this mortp«s aril the estate herobY created than osase sM be ntsY sad void. And said Ilottsaset [or hinaeU sad hb hsin, k8a1 rrpteaentatiraa. aoosssoss aril ssdps, het+bY oonveaauts tad spoor to - aad with Bald Yort~see, It: kpl reprcseatatives. sucoessoct sad atti8at: 1. To pay aN sad tdaplo td ptinelpal std lntsreet aril tM variaue and turdry toms of many payable by virtw of aid proaoiaery rates, sad thk matsase. each end every, promptly on tM days rapectiveb the ems beooan dw. 2. To pay al! and sin8ulu the taxes, assessmeab. kvia, liabidtiee: oblisstioas sad iaeumbtaaoet of every Harare sad loud now oa said desaibed property. that hereaRer may be imposed, wffered, Placed. levied a attested thereupon, std that inrafsa utaY be levied or assessed upon this .the indebtedttea scatted lntebY. a both. ssch and every. wMa due and pgabN accords to yw. be[otro UnY become del ueat, and before say interest attadns or any penalty B incurred: snd is so far ss say • thereof fi of Hoard the tame thsU be promptb? sstidied sad discbarpd of »oocd sad tla a81na1 ab'tkiat documsat (sndt as, for instaaa, the tau receipt or tln atisfsetiaa paper onkWRf? endorsed qt certified) shall ba plead is the i+aads o[!lortp+ses with- is tea day:ASrd after ps~ymeat. . 3. To rasp said buildiass, aid say wfiklt may hsgdtsr bs selected upon said pteatisa, i4aresd asaiost lass or dataye by . [ire std st{Cll Otaet haZarde or rrs[f as trtay bs Oy ~r~ ~ atii3~t c~ ae~..:..:. i • by-~ Yortpset, k each htquanoe company ~ m 11~ot~~; ile svooegors of~i~, may approve, soil to to said itfortsa~se. as additketal seaarigr hereto the poNdea of such iwtttanoe and oI aqy additjortai inettianoa whkh shall be taken ottt vpoe each Mrifdins; whits spy Part o[ tba iadabtsdaas afaaaid shall tstratirt a>~, havles attatdsed to said P ttadt moat pppp hdemnity dnwe as YattpBet+ shah dMct. Renewals of such poBdas t)aY so delhrosed at Mat t!aa dsys before soy each lnwtana shall expire. AU hswtasioe arried than be atidactay to aid Yortppea Atq? snm whieA trts4y become due aMa arq loch pocky may bs applied by aid Yatssae, at its option, either to rednoe aid debt or to repair or tepkes the haprovements ooreted by aid pocky. Said Yortpsee stay Procure aril substitute for say end all ~ the hnaatsa ao beN as aforesaid. each older pocky a polkks of inwrana. is like amount, as k may determine. providd l/ti tack to replan say svW htsaranoe within too days after being aotitied that tln Iasnrins UontpaW? is ao lottter approved br Yatpapea. In cae of ale ostler fora closure base , all each iawrance shall thenceforth, sad un the pe. of rederaptbn shill expire. be made peyabM b the holds o[ the certi[kate oP sale; and in such events aid Yortsasee is hereby authorized to ootlxt fire maoabd Premium on such pocky h may cause to be cancelled. rcsardks< of whether said premium is paid by Yortppr o[ . and apply retch prcauust towards the payment of premium oa any wch new insarmoe m payable to the holds o[ tugh~x~te: 4. la ass Bald 1lortaasor shall aeslect or retina to keep said premises in pond repair aril ooaditk+a, to pay prauPtb when due aQ texas sad asees:meats, as aforesaid, or to remove any statutory fleas on raid pcemisa. at to losep tbs burldir~s creel improveaseab iawted, as aforeald, and deliver the policy of Plddaa of iawrance, or the tanwak thereat, to aid Yortpsests aforesaid. then aid Yortst~see tmy, if h shall so elect. make tepain. raaiatain sold property and pay wch taxes and atseamenta. wild the aa:tued interest, penalties, ott~Cer's tees, aril expanses thereon. redeem raid premises whkh any have been told err [a felted for taxes a atseesmeat: thereon. prudase say tax title thereon, repave any statutory flea: std prosecute or detend asq? wits is relation Utercto, inwn and keep levered said buildhtss in the sum, as aforesaid, or tat say less scan and for swdt time, as said Yortel~ee a!ray deem proper. Any wms whkh may.ba" so paid out by raid YortssRee, and all cram paid oat for wbstltated Insurance; as aforesaid. iadudins the costs, expenses and attorney's fee paid in any suit attectins old real estate, what neoes- nary or appropriate to protect the lien hereof, shall bear interest fmm the date of such psyment: at the ame rate u is specified, in the note secured hereby, as payable after default in payment of said note, shall be paid by said Yortsapr to said Yortsasee uuppoon dcrnatd sail shall be deemed a part of the debt hereby sxured, and recovetabk as suds is al! respects. Aay snch liens claims, taxes. assessments, or tax titles so rduued, Paid. or redeemed by said Yortsasee shall. as between the parttss hereto their suaxsson in interest, be deemed valid, so that in no event shall the necessity or validity of say such payments bs disputed. Neither tttclt payment by Yortsasee nor its collection from Nottsasor shall waive or either say optan, lien, equity or tight of llortpsee"s. S. if requested by the Yortaaaee. the MartpEor, topetlsar wild std is additan to the monthb pa t: under the tams of all notes severed hereby. on the due day of eadt monthly payment soil until said notes arc fldly pai~, s~haB pay to-the Yort crafts ao installment of the taxes and assesartents rnxt to become else aphtst the matsased prcatisa. an irutallmeat of prcmiuan next to betx?me due oa insured policies required by the Yortpsee, soil say other dh~uyes p~aabie accatdtud to the oommitmeat to fintna. Such iwtaWrtents shall be equal tespectirely to wch taxes and ssseantatts, irwr ppramkms and older darpes, all as estimated by the Yortsasee, less all wms aUeady Paid thereon. divided by the number o[ monUn that are to elapse before one monW prior to the date when such taxes s,td assessrtterUs. inwrartca Premiums and other dross veld beeonte due. Said imtall- meats thaq be 6qd by the Yortpdee (beum6 rite interest fat Yortsasor) to pay suds taxes, assessment:, imttrance preasiunn sad other dtuses. All payments made ands the term of this pacssraph and order the note severed hereby shall ba added toseWa sad the assre~tte amount thereof shall be paid by the Yortsasor iA a side payment ach aanW to be applied by the - Yortpsee m payment of the reran and in the order followins: (a) taxes aril astes:meats, ard.htatranoe premirtats and other dtuses Payable socord-uts to the commitment to finance; (b) interest on the notes secured hereby; soil (c) aaartiution of the Pr~Pal o[ said notes. Any deficiency k the atoount of each as6resate monthly paymatt sha8 oonatitube a defanit uada thk mortstee. When wilt taxes, assessments, inverses prcndums and other dtoses fag due. if the amounts depositd by the Yort- saaor for such purposes are not wtftcient to pay said taxes, assessments, anunna prcatiums, soil other dtatses, as the else may be, then due, rhea the No or will pay to the Yottsssee wch deficiency immedrateb. When web taxes. assasatents, iawnnee premiums and other china fall due. if' the amounts deposited by the Yortaapor for wch purposes exceed the amounts due for wch taxes, assessments, insurance premiums sad other chases, the exa:ss may. m the discretion of the Yottsasa, be applied on wbsequent monthly payments to be made by the Nortsasor. la the event of de[ault under this mortsase any unexpended funds is the bards of the Nortpstx deposited by the Yort~or to meet the obUptions of taxes, anessmeats, iaatrance premiums aril other dtuEes, shall be applied by the Yottsasee upon the indebtedness hereby sacared in the foUawios order; (a) interest on advances made by the Yortpgee: (b) advances made by the Yortgssee; (c) interest on the priac~al; and (d) ibe principsl debt hereby xcurcd• When say wilt taxes, assessments. inverses premiums or other dtuses tall due the Yortsasor will promptly obtain and deliver to the Yortpaee statematts with respat thereto. 6. The Yortp+pr represents and ogees that this aartsase loan and all future loath evidenced by the a[atesald promiaory rates which are secured hereby arc ensile aril extended by Yortsasa in reliance, w part, oa the fmauciai ~dc~ound soil ab0t- ties of Yortp~sor sad my oo-maker, awrantars or endorsers to, jointly and sevaaUy. pay any and all various sad wrdrY wens of money aril the specific rate of interest payable by virtue of aid promissory notes and this mortpse. Theca awrtPee loans arc understood sad weed to be made aril extended to the Mortsapr only. It is neither presumed. expressed of implied Wet the obliptioos created bereurder may ba aswmed or performed by any Party other than the Yoctppot. whether of not aeon the sale or conveyance of the premise betels dtacdbed or say Part thereof_ li: convayaaa shonW be atade by the trot of the Premises herein described. a any put thereof. without the written convent of the Yortsssee, (which corsent ma~ be withheld arbitrarily of panted oa terms selected by Yortsssee io its sole disaetioa J a without atsnrrptbn bold by proper exeatim of aswmptioo apeements sad related forms in use by the Yortsasee sad by assumption iu reptlu form of law by the srantee of the obUptioas created herautder, then, is either of those events, and at the option of the 1lortpsee sad without narks W the Yort- sasor of to say other putt. all wens of money secured hereby shag immediately sad oonaurently and ttpao each oonveyaaee becoate dun soil payable sad is default whether oc rat the tame are otherwise due ad payable or ht defidt by the speci[ie terms hereof. Tice toresoias option shall be exercised by it[ottsasee at its sole and complete dbuetioa The afaeald consent d Yortpyee taay be either panted or withheld wiWoat any regaitemeat of the Yattsasee dbdoehts any restore Weeefote. Not- withstartdias the [ora~a~. if tin owaerthip of the matp+sied premises, of any Part thereof, becomes vested is a parson other than the Yortppor. the YortEapes may deal with such suooestor or sucoestoa in intuest with refaceoos to thk mortaspae, and the debt hereby secured, rep of auy chan~a io the terms o[ the obliptans created 6aatada, witheat is any manna vitiatias or dbclatshts the ldoldrt~ppor's liabiu'ty hereunder or upon the debt hereby seated. The Yortpsar shall at all threes atatinne liable for the irdrbtednest secured hereby until this mortsase it fully dgcLarsed a MotlPBor is aasalq? reused by an instrumsut is wtitias duly executed by the Nartp6ee. - . - 9. N . at the option o[ Mortsasee, shall pay a "late charge" not exceedius hvo pa amtum of any said sgrcsate monWly huts indndias any instaAment for payment of taxes and insurance what pald more than ten desys sits tbs due _ date thereat (provided that in no event shall said "kte dnrae° rawit in the pyymast of interest in cxoas of the maximum interest permitted by law), to cover the extra expense iuvohed is h;ndlias deWtqutnt payments. Sacb `9ata char=s" shall sat be payable ant of the proceeds of any ale made to satisfy the iadebtednws seasred hereby, aaleea wilt ptooseds ate tint sufti- cieot to discharse the entire indebtedness and all proper costs and expenses secured thereby. A reasonable minimttm 'Lte dtase" wt~ be dtatsed u wstontarily fixed by Yottsasee fmm time to time, aril Yortpjor eared to pay raid minisanm "late chose," u iaaured. 8. To permit, commit or suffer no waste aril to maintain the improvements at all times in a state o[pod repair and coa- ditiar and to do or permit to be done to said premises rathias that will alter or dtatbe the ass and dtoactet of aid *mpatY or k any way impair or weaken the security of sold mortpse. In ase o[ tin retussl, neskct ce iaabiliry of the Yottsasot to repair - and maintain said Property. the Nottaasee may at its option make wilt repair or cruse the same to be made and advance monies io that behalf which wens shall be secured by rite lien hereof and beu interest at Use same rate as is specified m the rate seated hereby, as payable after default in payment of ssid note. ~ ~ ~ ~ i#1 X25 4T5