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F The Mortgagor la order teere folly to protect the security of this Mortgage, egress: 1. That he will pay the indebtedness, as hereinbefore provided. privilege is reserved to pay the debt in whole or in part on any installment due date. 2. That. together with, and in addition to. the monthly payments of principal and interest payable under the terms of the note secured hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the said note is frilly pa33. the following sums: (a) Amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premium if this instrument and the note secured hereby are insured, or a monthly charge (in lieu of a mortsaMe insurance premium) if they are held by the Secretary of Housing and Urban Development, as Wows-, (1) If and so long as said note of even date and this in- strument are insured or are reinsured under the provi.,^RW Pr.e National Housing Act. an amount sufficient to accgm:uk(� in the hands of the holder one (1) month prior to its due dae tlhe an- nual mortgage insurance premium in order to provide sVch holder with funds to pay such premium to the Secretary of Housing and Urban Development pursuant to the Nat;f=al; Housing Act. as ' amended, and applicable Regulations the=ada; er (11) If and so long as said note of even date and this in- strument are held by the Secretary of Housing and Urban Development. a monthly charge (in lieu of a mortgage insurance preWuwn which shall be in an amount equal to one - twelfth (1/12) of one-half (1/2) per centum of the average oumu=dibs. . balatzee dud not the note computed without taking into, dsaMxaa delinquencLOA or prepayments; Ar) A, .. ' 4tal to the —i!!d rentx; if any, next time. plus the premiums that.- will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property &11 as estimated by the Mortgagee) less all sums already paid therefor divided by the number of months to elapse before one (1) month prfor to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments; and (c) All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shall be added together. and the aggregate amount thereof shall be paid by the Mortgagor each month in a single payment to be applied by the Mortgagee to the following items in the order set forth: (1) premium charges under the contract of insurance with the Secretary of Housing and Urban Development, or monthly charge (in lieu of mortgage insurance premium), as the case may be. (11) ground rents, taxes, assessments, fire and other hazard insurance premiums; (111) . ihterest on the note secured hereby; (IV) amortization of the principal of said note; and (V). late charges. - Any defid.,mey in the amount of such aggregate monthly pay- ment shalt, unless made good by thMSM�tggaaggr prior to the due date of -the , such payment, cwnstitrtt!' ld !vent of default . under this mortgage. The Mortgagee shay collect a "late charge'.' not to exceed four cents (44) for each dollar ($I) of each pay- ment more than fifteen (is) days in arrears to cover the extra ex- pense involved in handling delinquent payments. 3. That if the total of the payments made by the Mortgagor under (b) of psrogr*ph 2 preceding shall exceed the amount of payments actually made by the Mortgagee for ground rents, taxes and assessments or insurance premiums, as the can may be. such excess, if the loan is current, at the option of the Mortgagor. shall be credited by the Mortgagee on subsequent payments to be made by the Mortgagor, or refunded to the Mortgagor. If, however. the monthly payments made by the Mortgagor under (b) of paragraph 2 preceding shall not be sufficient to pay ground rents. taxes and assessments or insurance premiums, as the case may be, when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when payment of such ground rents, taxes. assessments. or insurance premiums shall be due. If at any time the Mortgagor shall tender to the Mortgagee, in amrrrl=e, with the provisions of the note secured hereby, full paywow of the entire indebtedness represented thereby..tbe- Mortgagoe dull. in computing the amount of such indebtedness. credit to the account of the Mo - gagor all pm)anents made under the provisions of (a) paragrapb Q hereof which the Mortgagee has not become obligated to pay to the Secretary of Housing and Urban Development and any balance remaining in the funds accumulated under the provisions of (b) of paragraph 2 hereof. If there shall be a default under any of the provisions of this mortg,tV resulting in a public sale of the premises covered hereby. or if the Mortgagee acquires the property otherwise after default, the Martgagee shall apply. at the time of the commencement of such proceedings, or at the time the property is otherwise acquired; the balance then remain- ing in the funds accumulated under (b)• of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under said note, and shall properly adjust any payments which shall have been made under (a) of paragraph 2. 4. That the Mortgagor will pay ground rents. taxes, assessments, water rates, and other governmental or municipal charges, inns, or impositions. for which provision has not been made hereinbefore, and in default thereof the Mortgagee may pay the same; and that the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee. S. The Mortgagor will pay all taxes which maybe levied upon the Mortgagee's interest in said real estate and improvements, and which may be levied upon this mortgage or, the debt secured hereby (but only to thL- extent that such is not prohibited by law and only to the extent that such will- not make this loan usurious), but excluding any income tat, State or Federal, im- posed on Mortgagee, and will file the official receipt showing such payment with the Mortgagee. Upon. violation of this under- taking, or if the 14,ortgagor is prohibited-by.•any law now or hereafter existing fram paying the whole or any portion of the aforesaid taxes, or upon the rendering of, any court decree pro- hibiting the payment by the Mortgagor of any such taxes. or if such law or dkx= provides that any amount so paid by the Mortgagor sW be credited on the mortgage debt, the Mortgagee shall have the right to give ninety days' written notice to the owner of the mortgaged premises, requiring the payment of the mortgage debt. If such notice be given, the said debt shall become due, payable and collectible at the expiration of said ninety days. 6: That should the Mortgagor fail to pay any. sum or keep any covenant provided for in this mortgage, then df a Mortgagee, at its opdan, may pay or perform the•sarne, and a_" expenditures so Page 2 of 4 In a E I r— C.