HomeMy WebLinkAbout0758 u~~ui.~u.r. ai~.! .~u)' utlict ~u~~:,~~;.• ~~•,~iui..l Ly tLr i:;ui!~.~.~•r. ,~n ~1~~r1L;,,. ~L.iLI~ tuc ~u.L l,~v.tiletic.il iu~rrabe - pro~~~Jr.l, 6o~tir~er, th8l
~u~ ji ~~uu~.~~~. c• Lc in an .il,iuunt auf2~.u~ut tu .~~~uply ~+~t?~ auy ~y~-~iuu:.~urr ir,~iui~ ~~u•uts cu~rnn~; ~,~iuc u~„1ri tirt' IdN"~ ut ti~r ~t.~tr uf F l,~nil~,
:uul pcu~ulr.i fu~tLrr t6st tlu• puliry uc p~~lui.~ ~h.~ll br «~ittru in s cuiup.iu~ ur run>>aiur, and thruu~.i au ~~;ru~y ~.iti,t,crtui~ to t6r !1lurt-
K.+g~~e au~l dwt J311~ ~)JLi'Y UC ~)Jllu~~s ,h.~ll br h~-l~l Ly thr ~f~>rt~:.~~~~e, sh..ll br in a~i~nn ~atislactury t~~ t~u~ \furt~.~s;~•r, au.l ,L.ill .,u,t.~~u a
>t:tn~llnl ~~iortS.i~r c~au,r ~u (a~~~r uf :iu~l iu :i tuiui .u~rptaf~le t:~ tl~r ~lurt~;.~~;ra•, au~l in t}ie r~c•ut a~~)' ,uiu uF iuuur~~ becuiues ~~.~).~}~~r iurier
.u~)' ~u~h pul~cp ur puL~i~s. tLr ~1uit~;.itire• ~I~.~11 i~.~~r tlir uptiui~ tu rrrrice :i~~d ~(~ply tLc• >.une un ac~•uuut uf tl~e iu~lrhir~lur;~ I~~vcliy aruurctl,
ur tu prnuit tlu~ \Lrrt~.t~.u tu ir.~~i~r au.l u,r it, ur .~u)• p.ut t}~r[~•uI, Evt ut~~rr p~upo~ci, K'it}wut t~ir~rLy ~c:u~u~y ur i~n~~~~riu~; au} r~tuit~', ~iru,
ur rigtit un~lrr au~l 6~' ~i~hu• uf tl~~i iuuit~.~L~•. :uul in tl~r ~•~rnt 1he ~1uit~;,i~;ur Jurs uot cuuiply ~~•itL tl~i~ ro~'.uant, thr \lu~t~;.t~;rr iuay pl.~ce
aucl p.~y L~r wcli i~„ui.iu~r, ur :~n}• ~~.ut tlu r~ ut, itLuut ~~:~i~ in~ or affc~~tiu~ chr u~~iun to furcclwr, ut a~~}• ri~;iit hririunirr. :~ncl thc tiill auiuunt
uf r;~cl~ :uul ~•~rry ,u.6 p.~)iii~ut ~h.~ll Le• i~uni~~~li.~t~•l~~ .lue• ~~~~1 pa)~ble, ,ui,l .li.~ll k~r,~r iutrrr.t frou~ t4tr ;L~t~• tL~~l~~~,f uutil p.n:l at Iha~ ilc•f.~itlt
~:itr pru~i~lr~l iu s.ii~1 i~utr .u~.l tu~cti~rr ~~itl~ >u.l~ iutr~~•.t +l~.ill b~~ srcurr~l I~y tLr lirn uf tL~; tuurt~.i*r. lu~tir:ui.r cocruu~ thi• prril u[ floixl
J;un.i~~• ,}i.ill !~r ~~•~~ui~~~i l,~• tlu~ I~,l~v.~l 1)~~;ut~•r 1'iutr~tiuu Act of IJ7.i, ur .~s aiueu:l~.1, .uiJ u~uri~,aSUr ~o~rnaut, a,ui .~~;i~~~•, tu .uuiply
~n :~Il i~ ,~~rct~ ~citli t}u• ptu~ i,iun~ tLi•~rul.
ll:, t uiu~t~;.e~~r ~u.i~, at u~~~ tin~r ~lu~iu~ t~ir ino~t~:~~c• Irrul, au~l ~u ~t+ tli.rn~tiuu, app~) ~r,i ~rur~c.~~ uf ~uu~~~;.~~r Kuar.it~h u~.ii~.~uce
~uc~ in~.t tlu• ~u,~it_.i.~• ut~~l I~~ tln~ u!~.i~ i~.~~ii~~l u~t r~rn ~l.it!• :~er~~~~ith, p.~}' tl~r prrtniu~u ~lur hy ~r..+.~n thrrruf. .,n~i tr,~utrr ~~•{~.~~iurut
ln tLr iin~l~ i>~~ur~l u4 :u.h .uu,~iu~i, .n .i~~• .ul~.inr~•.l I,c >.ii.1 tt~u:tt.~~rr. In thr r~rut ~~f I~il~~n~ l~~' the un~l~~ui~u~~l lu trpa~ ,.~i~l a~nuuuts to
.:u~) in~~~t~~.iC~r ,ii.f~ lailu:r >li:~ll I~r i~u„i,l~ i~,1 ~ti~Lu~lt. :~n~9 all pru~i.iuiu uf thr mde au~.1 uiurt~.~~;r ~~ith rr_',~r~l tu ~1rLu~lt :1~.~11 hr .~ppL-
..~1;1~•
fu ~;~•;~:u[. ~uiu~n~t ~n ,utt~•~ uu ~t.~.tr. i~i~p.~inurnt ur ~I~°t~•riutat:~u~ ol :ai:1 pruprih•, or uu~' part thr~rut. :ui~1 up~~u thr }ai~u~c uk the
.,~~~it,.~~~~~ tu 4.~ ~ p t}~~~ L~~~I~I~n~. un ,.;i~l pn~ir: rty~ tu ~u~xt cun~l6ticu of <<pair. tL~• \1urtt;at;ce ~n.+~• dr~n.tu~! tLr i~i~~u~.!L~tr n~~.~ir uf ..~icl huil~i-
~u .~u ~n~ in tli~ .u~iciu~t ui ~rill[11)'. Of l}It• ilLLilit'lllate repa}~~nrut of tlu• ~irbt hrie•l~y ,rcurrd :~u~l tl~r f:iilu~~ ~if th~• V~,rtL.i~ur t~~ iu~n-
ti~h ~~it}~ ..u~i ~1,:~~.~;~-1 ~~1 tL~• ~I~~~t~.~,;~•<• t~~r ~i~tit ~~t tLi~ty ~ 30> ~I:~~•s. ~6.,11 cun~titute a br~•uch uf tl~is uiurt:;.~;::•. au~l, at tt~~~ uptiun of the
\i~,.t..i~_~~~•. iiiui;~ ~li.~t~ lc ui.itin~~ th~• rnt~~~~ .:iw~uiit ~~i ~>rincip.~l and i~den•st hrrrL~ ~rci;n~~i. aud iuint~~li:~trl~• :uul ~citLutit t~~~tirr. IL~• \f~~~t~;~~;rr
n::~c it~,titut~ pi~~<<r~ln~.~ tu 1~~ir~lt~,r thi, ~u~~:tL.~ei• aml appty~ for t~~r appoiuhue•td uf a He~cr~~rr. :u h~irin.t(tr~ p~u~i.le,l.
'Iu p~ :~~uu~ .n~u~ih ~~:th .in~l .il,i~lr L~ r.uii .u~~~ rtriy ~tipul:~tion, agrec~nu•ut, ron~lition : u~l ~u~rti.~nt in ..u~l ~~i~~~ni,.~,i• :~~~h~ .~~„1 ,1~•rtl
t {ucti~. . .
I~i if~r r~~ i~! tL~~ iuci~~i,~tinu ~,i tL~~ l i)i.trict C~~urt shall Le iu~ukr.l L~' ur .ii!:Slfi~( II~~ \luitta~~~r un~l.~i uu~ ~~t tlu• p~~ni,~~,iu ut thr
I~,I, i,~l It.~uknlpt.: :1~ t. ,m li acti+~n. ~~L~~thri culuutan or iu~ului~t.u~~ un tl~~• 4uit of tln \tu~t~;a~~u, th,~ll autuiu:~tir:~ll~•, ~c~U~~~ut r~~ti~r, :ic-
.~l~r.~t~~ tl~~• ~u.itunt} uf all ~u~u~ u( ~uuur~ l~rr~•in dr~;ril~rd •an~l s~•curr.l, an~l tl~r ~amr slial~ therrup~,n hr~u~ur ~lur uu~l p.~~.~l~l~• fuitlntiith
tull~~ :i< it t{u• •ai~! ,i~trr~;,itr su;u~ ut u;ur,~•y tti~r~• ori~w.ill}' stipulutril tu Le p~id u» sucL datr.
~ '!'u ~lrli<<•r tu ..ucl \1urt~:a~ec•, on ur I~rfore ~1:~r~•6 lath of each }~rar, tui recri~ts c•~i~lenciu~ t}te »~~~urnt ~,f .ill I.c«fully iiupu,r.l taxr~
t„~ tln pn ~r~liu~, .,il~ i~~l.~r yrar. :uitl tu tlrli~~•r to ~aicl ~lurt};aKri~, recc~ipts e~ide~nciug tlic• ~>ayu~rnt of al~ li~•us fur E~ul~li,• ii~ipru~~•ui~•ut. witliin
~~~:n t~ i~H) t~!.i}', :cftrr thr s:uu~~ tihall hrcu~nr clue and papable, and to pay or discl~arKe wit}iin niuety l y0 ) da~+ aftrr dur ~1.itr, any an~l all
~u<<•run,~ nt:il Ic~i~> ti~.~[ nci} I~r iuailr uu tLe uu~rt~aKed pro erty. on tl~i, ~uu~t~.~~e or note. or in any utht•r wa}' rr.i~ltiu~ fr~~in tt~r \turt~;a~;r
ui~l~~{~tr~lur,. .rcurr~l 1~}• tl~i~ niurt~.«r•. an~l if tLi; ruuditiuu ~ie not complied with and pcrfomicYl, said niu~tK:i~rr u~a}• p.t} >uch >wu ur tiuw~
.c~~i. s~~.~~~ ~.r. ~~;i,c E, u: ut ii.~ .i~ ~,i .c, u~. Z~}" i}:i. u~ull~;.t~i', &ii~ ~i~au ~~rdi iulcvr+l e( li~r urfdu~l ~alr p~u~ i~~r~i iii ~.~i~~ p~wu~.,~ni uutr
~~,~~.ihL• ~iiu~~tLl~ indil p.ii,1 ~~r ~:~i~~ niort~;.i~rr ~u.~)' e•lect that s.tid mortK.i~e tleld thereupun Ixrtrmr dur :in~l p.~y~.~!~Ir furth~~~~th.
It i, f~utl~rr ~~n~ u.~nt~ ~1 .u:~l a~n~~~~l L~ .,,i~l p.~rt~r; t6.tt in dic e.rnt uf a ~uit i~rin~ in~titutr~l t~~ fu~c; I~~,r tiu, ~uu~ttiau~• tlu~ \1urt~n~;rr
~f~.~ll L~ ~ ntitl.~l t~~ :~p~~l~' .~t au,: tiu~a~ pe~ucli~i; sucl~ fur~•:loss~re ~uit to ti~e~ cunrt h.~~'iug jun.dirtion tLrr~uf 1ur thr ~~~uu~tiu~ ~d ii( a n•.ricer
uf :~II .iu,l ,i~~,~~l.ir t~n ~,:nrte.«<<1 4~ruprrty. .u~~l uf all di~• rrnts, incunte., prufits, issue~s amI r~•~rnnrs th~•rrut. fruiu ~c~~,it.~x ~i r.nunr il~ ri~rd.
:~u~l th~•rrupun ~t i~ l~~•r~•I~} r~pn,sl~ co~~•naut~-~i au~1 at;rrr~l that tlir court sh:~ll fortt;H-it6 appoint a reccecrr ~f .:~i~l ~uuit~a~r~l E~ruprrh. all
:u~~l ,iu~,nl,t~. :u~~1 uf ~wli rrnt~, im.uuu~:. r;~~~f~h. i,sue•s aud fE'~"Pl1LLC tl~rn•of, from wLatscx•~rr sottrcr demril, tvith thr tuu.~l po•.cen and
~lutf~ . nf ~r~ ~•i~~•u iu Ll.r ~,nr. .~:~cl ,u~ h uppuiul~urut ~h.ill he made h~~ ~uch eourt us 1 matt~•r nf +tri~~t ri~ht t~~ thr ~tort~.i~~~r. it, ~u~cr,surs,
1~ n p~~ ~~t.iti~~ .„r :u.icu., .uu! ~tiitliout frrrucr tu the ad~~~~uacy i~r ina~je~~u:~cy of the ~•alur of the pmpf•rty hf~rehy me~rt~a~ed, or to the
,ul~~u~~ +x iu>~~l~~~nc~ ~~f tl~r ~turt~a~;ur. au~l tl~:~t ~ucfi n•~it. p:ufit~, in~on~e, i..u~~s antl recrnue~s s}cill hr applieel hy su.h ~~•rri~rr t~s t6r pay-
~ue i~t ~~f thr ~n~~rt~a~c iudeLtrdn~•s., cu.ts u~:d ch:srr~~s, accordin~ to the order of such cou~t.
~11. 1f a~l ~~r an} pa~t of th~• ~,~~~i~~•,ty a ~e}~.~~ ur ~~!~uital~~e intere~t diercin is solcl or transErrre~ hy mo:t~~~~or Hit}u~ut ~uuit~,i~rr's prior
~ciitten coiurnt, inclu~liu;; hiit n~d liuiitf~~l to thf r~~•cutinn of au agrerrnent for deed, but ezclu~liu~ 1 a) the ~•re~,itiuu ui a lu•u nr encuu~-
I,raucr sul~ur~linute t~~ ;hi, iuu~t.;,i~;e•. 1 b) ttiir errstiun uf a pnrcl~ase munF~~ security int~°rest for }~uusrhul~l appli.iu~ r+, E c 1 a transfrr by
~l~ ~i,e~ ~~r ~~.-~c~~ut, ur hy up~•ratiun uf i:~w up~n the deatli of a joint tenant, or (d) the Fra~~t uf any Ir:isrhul~l it~trn•st uf t6rrE• ~r;~n or le•s. nut
, ~ unt.i~uin~! :~n uptiuu to ~furcLa,r, ~rn.~rt};a}!r~• n~ay, at its option. dedarc 3~~ t}~e sums securecl by this mort}~:~~;<• to {~N i~nutei~iatrly cjue anc~
p.iy~aLle. ,tcrt~::i~t'C SII~II~ Il.i~'t' K':ll~'PlI such uption tu a~rrlrrate if, prior to the s:ilt~ or trans(er, mortGagee and the perco,i to whom thF property
is to be sold or transferr~~il re~ach a~rFe~mc~nt in ~+~ritir~_ t}iat th~ credit of such Exrrson is satisfactory• to ~iortgay:t~e and that t}ie inter~~t pay~ahle
~ on the sums securrd bv tl~is ~nurt,a~r sliall h~ at such rate as ~iortgage~~• shall requr.t. If I~tort~;a~ee has wai~•~d the option t~~ arcelrratr pro-
' ~ided in this paragraph, an~l if \1ortKagor's siiccFSSOr in interest has executeci a~vritten a~sumption a~~reement acce•ptc~d in w•ritiu¢ b~• \tort-
I ~*agee, Atortga~;ee shall release ~tortKa~or from all oblieations under this mort~aRe and thc note secureci hc•rt~b}~.
i ] 1. 7'L.~t in t}~e ~~~e~ut t1~e pr<•rni,rs herc~h}• m~>rt~;aqrd, or an}• gart thFrcof, shall be condemned and takcn for puhlic use under the pu~ver
u( r~uim~nt donc~in, the \fori~;c~~re ,hall have the riy;ht to demand that all dam:~~e~s awardrd for thf~ takin~ ~f or dama~es to said premises
~ ~hall he• pai~l to th~~ \1urt~;a~er up t~i thF a~nonnt thrn unp:~id on this niurtt;a~r nnd at the~ option cf tLr \torts;at;t•~• ~nay hF appLr~l upon
~ tlu~ p3y~nrnts last p:~ya}~le thereon.
E 1'?. 'flit• morti.~;~or i~ind. himsE•lf not to ere•ct or prrmit to he erectrd any new buildinqs on the premises I~erein mort~;aQecl or to add to
° ~~r prrtnit to hr :add~•~1 tu any of d~e ~•i„tinG improve~ncnts thereon or make any cl~anges or alterations in said improvements which materially
E ~ L,~net~ thr sa~nr ur th~~ usr th~•rf~~f, «~ithout th~ writtt~n consf•nt nf thP !ltort~aKe~c•, and in thP event of anv ~iolation or attempt to ~•iolate this
f ~tipidatio~i thi, ~nu~tcaer :in~l all sums securPd hereb}• shall immediately become due and collectible at t}~e option of the ?~lortsaRee.
13. It is sprcifically aYreed that time is of the essrnce of this contract. The failure of the AtortraQor in one or more instam~es to insist upon
; ~t~i~ t p~•rio~n~.~u~~• ur c~l„E-nam of onf~ or morr of thr co~•c~nants or conditions here~~f, or to exercise any r~meciy, privil~~~.~~ or option hercin
~ ~ unfer.ed upon ar res~•nPd to the \1ort~a~;ur, ~h.ill not operate or (>e cunstntrd as a rc•IinyuisLment or waivcr fur tlie• (uture af st~ch co~~c~~ant
p ur cui~ditiun or uf th<• rik6t to ~~nforcr th~~ sa~nr ur to rxerci;e such privil~•~;e, option, or rem~dy, but th~ same shaU continue in fu(1 force and
~ ff~•~t. 'I Lr r~~~~~•ipt 6}~ thr~ ~forty;ac;~•t~ u[ monthly payu~~nt or payments or of any other payment re~~uired to l~e made by the J1ortRaKor, or
any p3rt thPrc~of, shall not be a waivc•r of any other additional payzne•nts or amounts then due, nor shall such rr~ript, t}~ou~;h with knowl-
~ ~~+i~e~ of the I,r~ach of an~~ c~ovenant or condition h~reof, oprrate as or be drrm:Yl to be a wai~~e=r of such hre~ach. \o w•.~i~~er hy the rtortKaRee
~ ~:f any of the pro~~isions hereof or any of tl~e Mortga~ee's rights, reme:lirs, priv~lry;es or options }~ere~und~r shall hc d~~em~cl to hace bc~r~n
~~:~df• n;~lr,s ~nade Ly the Mortgagee in writing.
~ 14. If Ioreclosure pruceedin~s of any second mortgage or second tru~;t ~If~r~l or anv juni~~r lien eE am• }.~n~l sh~~ulil hr instihite~cl, tht~ lfort-
~ ~a~ee may, at its option, im~nediately or thereaher declare this mortga~r and the~ inde},tedr.~ss se•curecl h~~r~•h~• ~lu~~ and p,i},~hle fc~rth~tiith, and
~~~:i~ at it, up!iun pra•eecl to foreclose this mortgage.
~ la. 'f~n tl~t~ t•xtrnt of thr~ in~l~•Lt~~~Lic~~s ~f tl~~~ ~lort~;aeor to the ~turt.~ae;~~ drscril~c~cl herFin or securc~d hrr~~h}~ thf~ ]1ort~:i~r<~ is here~by
.nh~~~iat~ ~l ti~ thi~ L~•n ur li~•n~ an~l t~~ tlu• ri_ fitti nf tl~~• ~nti•nrrs and h~lders thf~re•of of rach anci <~~f•n• mort,.ic~• li~•:~ ~i~ i~th~~r incii:nl~ran~•e• on the
" inurl dr~s~ iih~•~1 lu•r~ in wl~i~ h i, r.ei~l ,uuliur ti.iti+ha•~l in ~chnlr~ ar in part ~ut oE thr prex•ef~d~ of thr lnan ~Ir~cril,rd Le•re•in ~ir >rcurrc~ herehy.
~ .~li~l the~ i~,pr~ti~f~ li~•n, ~if ti.u~l ~n~~rt_.~,r;, li~•ns ur r~thcr incumbrances .h.~ll Le and the sanu• and each of thrin iirrrl,~ is prc~~c•nc~~l :ind shall
~ ;~ass t~~ :~nd I~r hel~l I~y lhe ~1ortKSf{PP herein as security for the indebt~•dness to the'.ltort¢a~re herein desrribe~l or hrrel~y sccur~~d, te the same
~ ~~xt~•nt that it k~onld ha~e b~en presf•ne~d and woidd ha~•e bcen passed to and been held by the !~tortQagee had it been duly and rec,n~larly
: :is<i~nr~~l, transf~•rrc~~l, se~t o~•rr and deli~~f~n~~l iinto the I11ort~a~ee by separat~ deFd of assi~nment notµ~thstanclin~ the fact th,it th~ samt~ ma}•
he sati~ficYl sexl eaix~rlleel of recc~rel, it lu~iitiG thP intenti~n of the parties hereto that the same K~11 he SatisfiE~cl an~l canc~•ll~~cl oE r~rnrcl hy the
hoi~l~rc tli~~rcof at or abon; the time of tlic recorclinq oE [his mortgage.
16. The ~tortgaQor u~ll pay or reimhurse the 1lortgaRee for all ma sonable attomey s fees, costs and ecpen.ses paid or incurred by the ~iort-
}~as~~e in an~• action, proce~:3ing or dispute of any kind, whether on appeal ~r not, in which the ~turt£a};ee IS SClYtY~ with le~;al pra•ess, is made
a party or app~ars as party plaintiff or defendan! affectinc; thc note, this mortqaAe, I~tortRa~or or the mortRa;,~ed pre~rh•, inciudinR but not
limit~d to the forrclosure ~r oth~r c~nfnrc~rnent of ihis mo~~a~;e, any condemnation action in~•o~~~nQ the mort~;aqed pro~erty, any action to
protect the sccurity h~r~of, or ;im• pra~c•eding in prol~at<~ or L:inkruptc}•; and any sueh amounts paid or incurreci by the ~1ort};:,K~~ shall be
. add~cl to th~ indebterlness, shall h~ar interest at the clefault rate speciEied in the nate from date of payment, and shall be secured hy the lien
~ ~ ~f this ~nortgage.
~
~ Ii. ~~~}u~n :im~ arn~mnt ~f nrmrv t~~ I~~ pai~l i,~• th~• ~tort~:~eor tc~ the ~tortca¢ce under the terms her~of chal) he in default, or shouid the
s \t~~,ti~:ie~r cl~~f.inlt in ,iny ~f th~~ ~ither t~•nnti, pro~i;i~mc ~r c~nelitions nf this \iort~aRe, th~n and in that case the '~Sort~as;ee shall have the
e w r;chf, ~ti ithnnt n~~tic~r t~ th~• \ir~rtca~_nr, tti crrl~Frt anrl iPCPI~'C fro~n any t~nant or ~e•<<~e of s~ic~ mort~a~~~c~ premis~~s t~ie rent., ic~nes and
~irn~itt i~f ihe• r~~:~l r>t:ite• h~~r~}~y m~~rtc.iL~~~l ,inrl th~ impro~~~~~ne~nts thPrf~on, anc~ to proper reeripts :mc~ ac~~uittanc~s th~~rc~for, arc] after
~ ~~:iy int; :ill c rnnrnic~i~~r~< <~f ant~ r~ nt.~l :i~~•nt cnll~~ctint; fh,~ ~am~~, :ind anv re•a5nna}~I~• attorn~y's [e~ s m~l other nece•scary expenses inc-urred in
~ : ullrrtin:t ~:~~rn•. t~~ :ii~{~l~- tLr ~irnc ~•~~~la r~f ~ncli c<~llc~ction~ upon anv ind~•l~t~~~ln~ ~c. o}i~iK~tion or liahilit~•, of the ~1ortt;ar:or hercurider. The
~ ris~ht c:rint~~~l t{~e ~I~~rt~.~:~e•r un~l~~r tliic r.~ra~tra{~h ~h~ll h~• in adc~ition to. .in~l ~hall not limit or re~striet, any other ri~ht or rirhts ~ranted the
~ \S~~rtc:~Lr~~ in tLic \ltirt„~i(t~.
~ 1`~. IF th~• \lnrteac~+r. at thc~ tim~~ +~f rn.ikin~ this ~tortf;ac:e subser~uent thPreio take out life insurar~rc: d~•si~,natinh the '.lfortgaQee herein
~ :i~ l~~~n~~fi~. i,~r~ ~cilh :i c~nn~i,iny ;~Ppn~~~•~l f~~ tii~ ~t~~rt,a~e~c~ or assit{ns policies to the fllortgaQee for the p~irposP of ~curing the mort~a~!e ~oan
n h~~r~~h~• .~•cn~~ ~l, th~~n th~~ \t~~;ts~:~_~~e• ~h:~ll h.~~~~ th~~ ri::ht to pa~~ any premium accruing under said policies, and all si~ms so expendecl shall be
,i~l~le~j t~~ ,~nrl nrn~~ a p,irt .nf tli~~ prin~i{~.~I in<1e~htc~ln~ss sF•cur~rl by this Atort~aQe artd shall be paid by the ~iortgac;or to the jSortgagee
in t.,•~d.~~ e~~~ual ~om~; nti~~• monthh• installmc~nts, the firct mont}ily installment to be paid as a part of and in addition to the monthly payTr?ent
~
, : ~ ~ i -
~ ~