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and d:~liver to mortga~ora an assignment or aatia£action
ot auch prior r~ortgage to~ether with an assignment or
satisfaction o£ this mortgage--all taxes and expens~s
(including mortgagees' reasonable counsel fees) in con-
nection therewith to be paid by nort~agors.
(c) tiortgageea agree that if~ during the lien of the
~,~raparound mortga~e, the first r~ortga~;e is accelerated
based on a due on sale clause or other similar provision
of_ the first mortgage and mortp,agors incur additional
expense or interest as a result that said additional ex-
pense and interest shall reduce accordingly the principal
balance owed mortgagee under the liens of the wraparound
promissory note secured by this mortgage,
10, That the mortpagors shall furnish to the mortgagees promptly
copies of all notices o£ default which the holder ot the
prior r.iortgage shall give to mortga~ors, or t~hich the mort-
p,agors shall give to or receive from tenants of the premises
or any part or narts thereof based upon the occurrence or
alleged occurrence, of anv default or defaults in the per-
formance of leases of snace tenants occupying any portion
of the premises.
ll. Mortgagors shall ha~;e the ri~;ht to prepay the whole or any
part of the unpaid balance of the indebtedness hereunder
at any time on thirty (30) da~s' notice without penalty.
Any partial prepayment shall be applied~against the unnaid
principal installments of the note secured hereby in inverse
order of maturity. In the event mortga~;ors wish to prepay
the Whole or the unpaid princinal balance of the-indebted-
ness hereunder, the amount to be paid bv mortgagors shall
be that amount determined by deduction from the ~45,216.49
original principal indebtedness of mortgagors herein the
aggreg,ate of the fol lo~aing : _
(1) The aggregate of all payments credited on account of
princinal because of payraents made by raort~;agors herPUnder
in ariortization of said original principal indebtedness to
the date of such prepayment and
(2) The ap,gregate amount, if anv, by c,~hich said original
principal indebtedness hereunder has been reduced bv
mortgagors' applying insurance proceeds and/or condemnation
award proceeds in rediiction of. said princindl indebtedness;
and
(3) ~ihat ariount computed by deductinfi from S45,216.49,
(the present total of the unpaid principal balance under
the prior raortgage).. the aggregate sum of all payr:ients credited
on accounts of principal due under said prior mortgages be-
cause of payments raade bv mortgagors hereunder in anortization
of the unpaid principal balance of said prior mortgap,es.
(4) Any increase in interest=rate attributed to the first
mortgage accelerating the first r.lortgage during the term of
the wraparound mortgage based upon the due on sale'caluse
or other sir.iilar provisions of the first mortgage.
Itl WITtIE ~S ~7HEREOF, the said mortgagors and mort~agees have
hereunto si~ned and sealed these presenCs the day and year first
above written.
Signed, sealed and delivered
in~he presence of:
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