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4- il:at +n unler to Protect +nae luny tM sa:unty of this mortgage. tM Mortgages. togetMr with and rn add+t•on to. lire monthly paY+rNnts under tM lams of tt+e
r+ore srr„red He:•SbY on the speGf+ed payment doh Of lath month unW tM MW rWq rs Fully pad will pay to t?,e AssocNlgn file lolbw,ng wms
ts1 An +nsta!!••tem of iM rites and assessments !cured or to a Nved against tM pem+ses COrered by this mortgage. •^d an +nstanment of tAe premwm
or pren„ums ttVt vwn bKOme dW and payt/ble t0 reMW tM rnsWanCe on IM pramyes cowrad Mreby aga,nst loss by f++e ind w+ndstOrm. as povded
roc (W paragraph 3 prKedtng. a firth othN Ftarard as may aaaor+aWy De retluued by tM ASStxNtgn, srd an rnsuumMt of tM pem+um that w+n -
becorne due and payabb to reMw tM mptgage +nsurance. d ar+y $ych rnitaUments sMll be epual. respecbvefy to one twethh I I r 12th1 of tM es'
rmated P+em,um a pem,ums for stxh rnswance. and tasty and asteisments Mat des less estimated by tM Asaoc+atron? less au .nsuttments i:resdy
Had therefor drY+ded by tM nymber OF mtMtM ttyt ale t0 Napes are month pqr to tM date wMn such pen++um a pem+ums a+W fates and
assessments w,n t+ecome dNrr,quent. TM Asstlwtgn. whrN apphnrp such payments to +rrwrinu pemwms. tatK and assessrr+Mts t»}we the sane
M~ome rte!+nauenl. shill not ply +ntaesi t0 tM MOrtgaga on LwcA funds. and all such piYmMIS may be commingled Dy the AssacNtgn w,th any
ottgr such funds a wdh rri own funds: TM Funds an pledged as eddaronat secuhtr fa tM wms secured by the Mortgage a++d sro subject to use by
the Assoc•at•on +n paymMt of °qa chargai and honk coWct+on cttargss
th, All payments rr,ent•o•'ed rn tM preudrng subsection a tMS paragraph and alt Payrr,ents to be made under the rate secured hereby shall be added
t.,gett.'r and the aggregate amount thereof shin be pad by tM Mortgagor lath month rn a s+ngk payment to tie aPphed Dy the Assoc+at+on to tl,!
h+tbw,ng ,tams m the odes let fpM 1 Tatef. assestJnents. atW rnwrantf pemgms 2 "late Charges ~ and pant collKtgr charges unless pad •n
mru+er p.onie,! .n paragraph 4 Is1 3. Interfat on tM note sKwed herebt! L Amorur!atgn of tM pr'nC,Pal of sad note
Ar+y Aef,c+err_y rn t'+e err-,oun1 of such aggregate montMy paY~ts ss,aH. unless pid by tM Matyaga pq, to !M due date of LM nett such payment, con-
' strl++[e sn went of default uMer tM mortgage. 1Mrtfqut waver of ar+tr right. tM Assocrauon may toned a late charge as provded m tM Note
5 'hat ,1 the !JUI •..t the payments made by tM Mortgages urde+ of parapaph L peced,rtg shall a:toad tM amW,nt of WrmMts actuary mane by the
Asw::Nao•: fo+ ta.es and assessments and a,wrancs plmwms. as tM use may be. such eauss sMn be ued+ted by the Assoc+abon on subssQuent payments
to be made by the Matgaga If. f+ovvevM. tM marihly paymMts made by tM Mortgagor under Ia10l paragraph ~ peced+ng shalt not have bleu wf}+c,Mt to
pay Iaa•!S and dis@SSmintS and trKUfance pem,ums. i3 tM Caa! may b0. wMn tM lame s)NII bstame due and Datable. tMn. tt+e ASSOCNtgn may it cis Op
iqn ,mmert+ately pay such IatK and assessrr+errtf and msurar,C! pem+um, and tM Mwtgaga sMll pay t01M ASSOCNtgn anY an+nunt necessary t4 make up
rhr def+c~encr and wcH payment shift be due and payable w+tMn tMrty 1301 days she, tM dale of ma,t.ng of notKe ay t++e ASSO,:NI,On setting Furth lire arr,o,;^t
of such dr•!~rency H. at sny ume. tM Mortgagor shah tender to tM Assoc,stgn. M sCCadance w,th iM prov+sgns of the note secured Hereby. lull payment of
tM• ennrr• ~:U~eh:rtd:wss represented Mraby. tM Assoaabon shall- ,n computing tM artwunt of such ,ndebtedness. cred+t to the acca:nt of the Mortgages any
babr,ce re^, a,^.ny +n tts furtil5 accumutate0 under tM povsgns of la) of ps+agrsph d
6 To perm:, cn••,rne! Or suffer rt0 wasri. rmpaumMt p detagrat,on d sad property. Or arW pan IAeraOf, ird upon tM la+lure Of tyre MOrtgago+ to steep the
be„kf+ngs an said p,onenY rn good corsdt,on a raparr and ma,nteMrlCe. lM Assoc+atrOn +rNy demand proper ma+ntenance arW tM rmmed+ste repa+r of sad
bw'd,n•~t nr an mUeaS~ +n the amount of secunry. a tM rmmedVle repaymMl Of tM debt Hereby set:ured. and tM }adC'2 Of iM MwigagtN t0 COmply Wah
say) =l.mand of ttx Assauat:on fa a Wrrad of tMrry (301 days sMll constitute a beach of if+rs mortgige and. at tM optgn of the Assocratron. +r*'+^cd+atetY
r•,en~re t+v en•,rr. d+^ount of pr+ncpal and rrttaest hereby slowed. and /M AssocNt+on immediately and w,tfqui not+ce may +nshtute praceed+ngs to (arKl03e
•r,s ^'o+tgap•• +•xf apply te: the appo•mment of a recover. as Mrsrnahar povded. and ,n cise of LM refusal. neglect or +nabhty of the Mortgages to repair and
r+a~-tta:n ~,d p•o:Rrty !nor AssOt+itrOn may at rri Opt+On. make such repairs a cause the Sim! to be madr s+w advance mor,eYS mthat hefytl
7 T.+ tw•'urm. co^+P!Y w,th and able by each and every tM strputat+Ons. agreerMnK. Conditions and cotenants m sad promissory note and tMS mortgage set
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8 lc. t nmt:!y w,fh tr:rr subal,v:S+7r• reSTnctrOrts and tM murmrpal 20rtl!+g ddMnCef applKabk t0 tM mortgaged property. not t0 erect Or perm+t t0 be erected any
r,ert badA,^qs o^ the prem,se5 Mrem mortgaged W t0 add to Or pe•r+++t t0 be added t0 make W pe•mit t0 be made. any structural atllrat+OnS t0 any 01 the et-
,Shn,y.mprO.en:en25 tn..reon w,thout tM W+itiM COnaMt of tM ASSOCNtgn, and ,r+ tM !rent O! ar+y Ygtitgn Or attempt t0 r+0lat! this! sUpu,atgns. w any of
tn,s r-,n•;rsage arxt ail sums securM Mreby shalt rmmad,atNY become due and payabe it the optgn o} the AssocNtgn
g friar ,n ,_avr o' a de'au:t •n any of tM terms of this mortgage and tM hbng of a bill to torKbse this a any other mo+tyage encumbering the wrimn described
l;rn;+ertl the asxv.,a:•o^ Bran !>e lnUtled t0 apply, at amt time w,thOUt not+Ce Dend'^9 such forKlOwre wit. l0 t+,e cou+t har,ng lunsdKtgn !Hereof fpr tM ip-
Vr_ i::t•'•'.`rit o! a •efe~ve• aM an ]rd srrgulsr tM mortgaged poperfy. and 01 au tM rents. ,nCOmes. pof,is. +ssues and re.enuts thereat from wt+atsoere+ source
tt.•••v'd and !+~ere.~pan. ,t •s hereby a*pessfy covenanted and agreed that tM court shalt Io•thwith appant a rece+ye+ o/ sad mortgaged WOpeny an and
s•nq',,!a• .+•wt O! s~'_r, rents. +r,cOmea. pofitS, styes and revMW3 thereof. !yarn WhatsOlrN spume derived w,th Ire uSUit powe+S and dut,QS 01 rKNVerS m fine
aces. s'+:1 ~,n h aotx"n;ment shah be made by such court as a mitts of strict right to tM AssocNt,on .and without reference to the ade9uscy w +nadeQuacy o/
tnr Yd'ue n} ih•• t+•.:tx •ty hereby mortgaged. O+ 10 tM solvency Or +nsdvenCy Of the Mortgagor. and that such rE^ts. NrOhtS ,ntOmes +ssues and revern,eS sfNtl -
Ce .,pt,•+•,! by s•+~-n •ece,ver to the paymMt o! tM mwtgsge +ndebtedness. costs and charges accord,ng to the arde+ cr such court
t0 t riot •r, :n+• P.e^r ryes t+•nm,ses hereby matgaged. o• sny part ihNept. st+a++ be Condemned std takM under the ppwtr o} em+nent doma,n the Assoc,ar,on snah
n.+Yn tr+e +.qhr tc rt+:^~a•,d tnar a9 damages awirdad for tM tak:rtg o} o• rryury to sad pem•us snip Oe pad to flee Assoc,at•on. +ts succeswrs o+ ass+gns up to
t•+e ~mn,n! thp^ ,;npa.•f a•+ tn,s mongigl. and may be appl,ed to any sums Iist paYaD'e Hlreurde+
1 1 T••dt b^,•. e! T•,P CSY"+C° T lh+S tOnlrad and that rip Winter O} any pbhgabOn Rlreundet. M Of tr+! Ob~•yaLO'+ secuued he'ebY shai+ ai anY brae rherta!te• Ae
nrtd +o hr a r..+: o' rho te•r :5 HereOt Or O! tl+e pOm,sSOry not! secured hereby
12 :nom .:.eo: +ny de'bu't ,n a^y of the toms o! ihrs mortgage o+ +n tM note secu•ed M•eby a^A accNerat•o^ b~ tt+e h0'der o• any other srtust+on that would
+ar r ••.re••rs: c,+:n n, cay.,bie utder the oW,gatron to aaeed !He ,merest rate autHOniM by testy then such eve-t a ' e¦cess ;nre+est thC,NO'O•e p3•n sh3'r
h•' :.•rC :ert tr, t,~~.r•_,pol d°41 d•' KCrueO i•'yd unOa,O etcess interest ahaa abate and shi+~ not be d^ Obi•gat+cr+ at IHe maker O. O/ any OlH@r person
t3 T•:a; to the n•te^t of the ,ndebsedness o/ the Mortgagor to the Assocatgn dsscnbed heron o+securM Hereby. the Assx+atgn rs hereby wtxogated to the ben
or }:ens a•rf to the rights of the uwne+ and holder thereof o1 each and every mortgage. teen of other er+cumhrsnce On tM land described t,ere,n wn,cn ,s pad and
test,;!,«) w•.-+~o n• ,n pan. out of tM poceeds of the loan desa+bed M+e~n a secured hereby and the respecuve t+ens o' sad mortgages. lens a other en-
cumMan< •s snot' be. ann the same and each of them Mreby rs peserved and shall pass to and be Held by the Assoc+at,on Mre+n as security for the ,n~
del::r,h~.cs :n the AcSOt-,at+ar. he+e~n described a hereby secured. to tM same eaten! that it would Have lxe^ preserved and would have been passed to aM
b•e•• hr a h, r+•o Ass~c,at•on cad ,t been duly arA regubrty sss+pned transferred set ove+ a+d detn'ered unto the Assoc:at,rr, by separate deed of ass+g^ment
^ntw•~,ha•d•,•t.-••) the }aft that the Same may be satisfied and tanCQNed Of retOrd. +t Ee,r,g !H! •nientq^ at the Dartie5 hereto that the Sam! wdi t>< SahS!,ed and
~ .-+:,•..,i«t •o• ny the ro•ders thereof at or about tM brne of the record+ng of thn rr,p:rgage
~ t 4 T^at d anY tr•e s r: s o) ^,a•.Ey h.ran refeaed to be not pomptly and fully pad within Muty'30t dais neat a!te• the same sore+slly ltecome due and payable
f a ere. r, a'=d ev+Y tare suou'atgns. agreements co'drt,ons a+d covenants O} sad pomssc•v Hate and tn+s rnurtgage or e,tne• arc not duly pertorn,ed tom
plies: 'antn.3^•' an d«f av !rte aggregate win ur+pa,d under sad pomtssory note and tMS mortgage she!, become due any payable forthw+t^ or thereaher at the
+,bhrr= O+ +r Assr~:+71.7n. 25 fully and completely a5 rf sad aggregate win O} money w!+! O•,g~nahy St•p+~lated t0 be Da•d On Such day- anyiA,ng ,n sold
prn•-•.s~nn. •o•e , • `e,e~n tC Ttte COn:gry nOtrlnthitand+r+g
t 5 rt Onfer to acr~e!e+ate the maTurRy of the rr,debtedr,est Hereby secured because o! the !awro o! lire tuo•tgsgar to pay any !s¦ assessment t~aWt•ty ob'•ga
Rn^ n• or .:,mb-a".::° uPJ^ Sd,d property as here+n prOVded rT SMII riot be nKlSSiry ^O• re0u6rte friar the ASSnC:a;:O^ ShaP. fns! DaY the Same
laTt.d! orbs:+a• t c• at,••racts of tale covering the mortgaged poperty shat a[ an trines ddr.ny the life of tns r•rongage rema••• m the possess,on o! the
Asv.,• .a•~n•• .y„) cYr-- of ;he forKbwre Of tn+s mortgage. a other transfer of Ufle to tt+e mortgaged protYe+tr e.trgwsn.-rent o! :ne ,rdebtedness secured
rrebr +!t ••~ra foie a~ d •n!erest of the Mortgiga m and to sr+y wch sbstrags of ntfe shat, pass to the twrcnaser a yrantee
1 7 S' •'••t•r, t;en tn.~ mortgage. or tM note secured thereby. be contested by t,t,gat•on err atherw,Se [he 'No+tgagpr agrees to pay to tf+e psvx:rnnn
t ,!.•1....a.-.q ;h4 Same ,^clud+•+g a reaSOnable attorneys fee
t8 Te : a' s•n't.~ a• trio costs. charges and etpe^ses +ndud,ng attw^eY s 4n reaso^ab!y +nr ur+ed w nsd at any rime by tro Assrxranon treeause of the
Gdu••. e' ~ uurtgr!w• :a ix'r!orm_ comply w,th and able by each and every the st,pu!auons ayreeme^ts a>rM+t+ors and covenants o! sa,d P•Omssory note
,roil th,s ^-n•tr;a•Iv o• •r•iner. a, r) every such le:cept for tl,e payment nt t1,E norn!My msrattment as rvO,:,+ed by the prom,swry Note) shalt Dear mrerest from
rtaro at •a:.? n! ,L lien pry rent :18'161 oer annum unfit Ipity pad
19 T re 4ss•r-.:et•~,~ s~ nave tn. r+gi,t it sny t+me and From ume to Um! and w,tfaut notice to or consent o! anY tllrsOn to ,a? re:ease a^Y Pwt:o^ o! the prem,ses
r•;,r, the. ; e-, pt :n'S To•t::aae tbl release airy person hsbte for pigment at any indebtedness secured hereby ,ct e¦tend the rme o! payment or arcer the terms •
n' Parn'c„i n• a~ a• d-'+y Pa•• O' the ,rdebtednesf. WrthOYt affecteng w rltesAng lM per spnal hab+hq• Or any person 4ab!e IOther Than any pecan r.teaSed Du+-
s,a••t +•er,tta:'O+ the OdY'^e" O! any sum M mlMest Secured hereby a^d MnthOUt rn my v1nR attlr+ng varying Or d•m+r..Sn+ng the fprCCS efreCTS O• hen O! fns
TrtrtQ~y m a'~ rho t,re--+,5ec nut Specrfrtslly released from tM hen of this mortgage by tr•e AssocNnon
20 any aq.n••^•. ••v r'.o.o arr..• r,arlc !yy Mwtgaga and Assocrat,On pu+want to the mortgage shat fx suve•ro• to the nghTS or the ho!de• o' any ,nte•.en,ny l,e^ cr
~ 1 V;w>n •a-t,rar o' :'to•Igxoo• C,e ASSOCNtgn may at its sde Optgn. from Um! t0 nine. Oefp•t'un DiYrne^t O} a!' +ndebtedness secured Hereby make furt'rer ad
var•_rs ;r, tv+'>^• n•O>.,ded However. that the tots) print+pa: severed Mreby and rema:mng unpad ~ndud,ng a^Y such advances snah not at a^y nine et
•-~1 t`s' nr r;-~•a' U•,napa' s;,m s•`Ca•ed hereby Mortgagor Shat{ pay all SucA furtt,er advances W~ih mteseSt and the same SAa!t be SKu•ed hereby All prOV+sq^S
n• c•n•• ;,qe s"a•: aec'y !o each funkier sdrsnCe ss wen as [o at! other indebtedness secured ne+etrY No;H,ng here,n canta,r+ed However snap limit the
w•: r ,•o•f •n•s mr..t?l04 d wcA amount rs increased by advances made by th! Assoc+atgn as herein esewhere prov,ded for to protect the security
27 tgxg0: n. or arty wbsepuent Mortgagor or airy Person O• carpn•at+on nwna+rl an; ~rrr•rest whaistte•re• s!•a;td enru•nne+ the txope*ty
nor.r, r.nxt,:>rged'N do m~rNme~t Cammprdy referred t0 and knpwn a5 a ~Wrap~around marryago w,rM•ut first ohta,n:nq The vlnaten r0.,soni of the Assoc•a
t+~•: ::•r•, a• r,nnm+ rn< Assc+cratron ttv obl+gat•on secu+M try th,s Mortgage sna't +mmed•atety M~Ome, rtua and pavaNe
23 T^ ra.,•r,!r rr« gscoarw.-• wan Flopd Insurance Coverage rt the yea! proPenv +s crow w he•eaher r!e4e•m,nod to nr wrtnm d s[reua! f!arX) hazesM a•ea as snoYYn }
a,,,..~ r» ,rr•t g.,,,^•!,•i• F.1an Ftcad IrK,rance Rate MaD as puM,shed try tt+e Federal Inwranfe Adm+mstrat,rx, i
2a at «-'),Htit o' t^e "?'^r*^.apnr the Assoaatron agrees to wave tM ponsrons of paragraph 4 relative to the ueatgn of a narsrd mwrince account. povded _
~.,wr.e• t :ne ass r ~t~>n reia,•K sM right. ri ru optgn. to re•:nsute such pavts•ons of sad parag+aph 4 is an oW+gatgn of tM Mortgagor hereunder upon
T~s• +P:;or^•q ^r dry r_,• ;^e fo;bW+ng
4 Fa•h,re ro t-,a¦e any payment required under tM toms O} tM note on a before the due date thereof f
9 F , ',,r•• to ; o^,D'Y w:tH sty ,nsuranc! por,s+ot,s of p•rag•apl, 3. or of airy of tM atria terms and wndrtror,s of th,s mortgage a note. o+ w+tH the ,nsuran :e
.rra,•~^'r^rs c~~r;a•^ed tM DectaratrOn Of COndommwm and related documents y?+r+uld the mortgaged Property t>s commMSd to cordom+mum
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