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�a.�je _ . . _.. . .._ _ � � 90�--100289 (a) A sum equal to the ground rents, if any, racxt due. plus the premiums that will next become due and payable on policies of fire and ather hazard insurAnce cavering the praperty. plus taxes and nssessments next due on the property �a11 us c•�tin�utrci L��rhr Lr►rder) Irss Ail sums al�eady paid therefor divided by the number af months ta elapse b�fore one(1) month priar ta the date when such graund rents. premiums, taxes und ussessments will become delinqnent, such sums ta � be held by L,ender in trust ta pay said graund rents, premiums. taxes and special assessments; and � (b) All payments mentioned in the preceding subsection of this paragraph a;�d all payments to be ma�de u:�der the note � sccurod hereay.shali be added togettier. and the aggregate umount thereof shull be paid by the Borrower each month in a , single payment ta be appliod by the Lender to the follawing items in the order sei forth: ; A) ground rents, taxes, assessments. fire and other hazatd ins�erance premiums; � � (I� intercst on the note secured hereby; and i (lIl) amortization of the principal of said aate. � Any deficiency in the amount of such aggregate monthly payment shall, unless made good by the Borrower prior to : the due date of the next such payment.constitute an event of default under this mortgage. The Lender may collect a "late charge" not to exceod four cents(4c)for each dollar(Sl)of each payment more than fifteen(15)days in arrears to cover i the extra expense involved in handling delinquent payments. .. 3. That if the total of the payments made by the Borrower under(a)of paragraph 2 preceding shall excad the amount . of payments actually made by the l.ender for ground rents, taxes and assessments or insurance premiums, as the case may : be.such excess,if the loan is current,�..:he option of the Bonower,shall be credited by the Lender on subsequent payments � to be made by the Bonower.or refunded to the Borrower. If,however,the monthly paymenu made by the Borrower under � (a)of paragraph 2 precediag shstt nat b�saffscier�t to pay ground rents,taxes �u�ui assessments or insurance premiums,as the case may be.when the same shall become due and payable.then the Borrower shall pay to the I.ender any amount necessary � � to make up the deficiency.on or before the date when payment of such ground renu,taxes,assessments,or insurance premiums ` shall be due. If at any time the Borrower shall tender to the Lender� in accordance with the provisions of the note secured � hereby,full payment of the enrire indebtedness represented thereby,the Lender shall,in computing the amount of such in- debtedness,credit ta the account of the,Borrower any balance remaining in the funds accumulated under the provisions of � (a)of paragraph 2 hereof.If there shall be a default under any of the provisions of this instrument resultiag in a public sale of the premises covered hereby. or if the Lender acquires the property otherwise aRer default, the Lender shall apply,at _ ; the time of the commencement of such proceedings,nr at the time the mm�emr jc nf1,Pn,�sP a_��Lr.oa,�;��.�.��;�r�- � maining in the funds accamulated under(a)of paragraph 2 preceding,as a credit against the amount of principal then remain- � ` ��. � � ing unpaid under said note. � � 4. 'l1�at the Bofrower will pay ground rents.taxes,assessments,water rates,and other govemmental or municipal charges. §' , fines, or impositions, for which provision has not been made hereinbefore. and in default thereof the I.�nder may pay the �� 't. same; and that the Borrower will prompdy deliver the official receipts therefor to the I.ender. � � • :�t � 5. The Borrower will pay all taxes which may be levied upon the Lender's interest in said real estate and improvements� `; i and which may be levied upon this inswment or the debt secured hereby(but anly to the extent that such is not prohihited ; � by law and only to the extent that such will not make this loan usurious), but excluding any income tax, State or Federal, � imposed on I.ender,and wil!file the official receipt showing such payment with the Lender.Upon violation of this undertak- i ` ing,or if ttte Borrower is pmhibited by any law now or hereafter existin from m the whole or an F �- � 8 PaY� 8 y portion of the aforesaid , � taxes,or upon the rendering of any oourt decree prohibidng the payment by the Borrower of any such taxes,or is such law !�r. � or decree provides that any amount so paid by the Bonower shatl be credited on the debt, the I.ender shall have the right ' to give ninety days'written nadce to the owner of the premises,requiring the payment of the debt. If such notice be given, �"� ' '1 � the said debt shall become due, payable and collectible at the expriation of said ninety days. , ! 6. That should the Borrower fail to pay any sum or keep any covenant provided for in this instrument,then the L.ender, � at its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum owing on the s � above note, shall be secured hereby, and shall bear interest at the rate set forth in the said note, untit paid. . � 7. That the Borrower hereb assi y gns,transfers and sets over to the Lender,to be applied totivard the paymest di the note and all sums secured hereby in case of a default in the perforn�ance of any of the terms and conditions of this instrument or the said note,all the rents,revenues and inwme to be derived from the said premises during such time as the indebtedness shall remain unpaid,and the I,ender shall have power to appoint any agent or agents it may desire for the purpose of repairing said premises and of renting the same and collecting the rents, revenues and income, and it may pay out of said incomes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;the balance remaining, if any, to be applied toward the discharge of said indebtedness. � 8. That the Borrower will keep the improvements now existing or hereafter erected on the property, insurcd as may ,- -- I be required from time to time by the I.ender against loss by fire and other hazards, casoalries and contingencies in such � amounts and for such periads as may be required by the Lender and will pay promptly, when due, any premiums on such � insuranre provision for payment of which has not been made hereinbefore. All insurance shal!be carried in companies ap- proved by the Lender and the policies and renewals thereof shall be held by the Lender and have attached thereto loss payable ; clauses in favor of and in form acceptable to the Lender. In event af toss Bonower will give immediate notice by mail to �t the Lerrder.who may make proof of loss if not made promptly by Borrower,and each insurance company concerned is hereby � _ � authorized and direrted to make payment for such loss directly to the i.ender instead of to the Borrower and the Lender . }ointly, and the insutance proceeds,or any part thercnf, ma,y be applied by the Lender at its option either to thc reduction �^ � of the indebtedness hereby secured or tn the restoration or repair of the propeny d<imagcd ln event of fnrcclosure of this �o� �` in�trurnent nr othcr tran�fer of title to the mongage.�i properry in exnnguishment of thc indebtednetis�ccure�d hereby,aU right. �,�;�'� �=n:% �itle and interest nf the f3orrower m �nd to any imurance policie� then in f��rce shall patis t�� the purrhatier or Erantee. ,, • r"� -}�� 4. 7hat as addiUunal and c��!lateral �crurity fpr thc payrr�cnt nf�hr nutc dc�<•nhrd. .�nd all �umti t�� hcccmic�iuc undcr !��}`� thiti in�trumcnt, thc F3urrowcn c�rcby ati�ignti tu thc (.cudcr all ��rufit+, rc�cr�ur. i��y,�lnc., t1�;F1I�:IIIII I�Clll'�I�S .�cctuin� tn 1'�i-• ��<<�, Uic (i„runacr under any arid ai{ ��f and�ar Ica.c��,n �a��l ptcm��,cti, wilh�hr ti�h� tn rr�c�►c ,�nii i�•.•ci�l tn� �hc �amc and �� �`tt�!�f r YI� !� •,t..{;'� i��go?U!0 I ntm ��Un•�7143•DT �te�v 14jH t,l F'I � � � ."'•r' � , �- ,.