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(4 If and so longus said note of. even date and this instrument are insured or are reinsured under the, provisions of the National Housing Act, an amount sufficient to accumulate in the hands of the holder one (1) month prior to its due date the annual mortgage insurance premium in order to provide such holder with funds to pay such premium to the Secretary of Housing and Urban Development pursuant to the National Housing Act, as amended, and applicable Regulations thereunder; or (ID) If and so Jong as said note of even date'and this instrument areheld by the Secretary of Housing and Urban Development, a monthly charge (in lieu of a mortgage insurance premium) which shall be in an amount equal to one -twelfth (1/12) of one-half (112) per centum of the average out- ' standing balance due on the note computed without taking into account delinquencies or prepayments; (b) A sum equal to the ground rents, if any, next due, 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 (all as estimated by the Mortgagee) less all sums al- ready paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and 'assess-' ments'will become delinquent, such sums to he held by Mortgagee intrust to pay said ground rents, premiums, taxes and special assessments; and s• (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 follow- ing items in the older 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; (I1) ground rents, taxes, assessments, fire and other hazard insurance premiums, _ (Ill)interest on the note secured hereby; and (I V) amortization of the principal of said note. Any deficiency ih the amount of any such aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date of the next such Eayment, constitute an event of default under this mortgage. The Mortgagee may collect a "late charge" not to exceed two cents (2¢) for each dollar (51) of each payment more than fifteen (15) days in arears to cover the extra.expense involved in handling delinquent payments. 3. That if the total of (ie payments Made bythe Mortgagor under (b) of paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee for ground rents, taxes and assessments or insurance premiums, as the case may be, such excess, at the option of the Mortgagee; shall. be credited by the Mortgagee on subsequent payments to'bemade by the Mortgagor, or refunded to the Mortgagor. If, however, the monthly payments made by the Mortgagor under (b) of paragraph 2 preceding shall ndt: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 necess£ry 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 accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the Mortgagor all payments made under the provisions of (a) of paragraph 2 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 mortgage resulting in a public'sale of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such proceedings, or at the time the property is other- wise acquired, the balance then remaining 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 *(h) of paragraph 2. 4. That the' Mortgagor will pay ground rents, taxes, assessments, water rates, and other governmental or.municipal charges, fines, 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. 5. The Mortgagor will pay all taxes which may be levied upon the Mortgagee's interest in said real estate and improve- ments, and which may be levied upon this mortgage or the debt secured hereby (but only to the extent that such is not prohibit- ed 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 Mortgagee, and will file the official receipt showing such payment with the Mortgagee. Upon violation of this under- taking, or if the Mortgagor is prohibited by any law now or hereafter existing from paying the whole or any portion of the afore- said taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgagor or any such taxes, or if such law or decree provides that any amount so paid by the Mortgagor shall 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 he fail to pay any sum or keep any covenant provided for in this Mortgage, then the Mortgagee, at its op- tion, may pay or perform the same, and all expenditures so made shall be added to the principal sum owing on the above note, shall be secured hereby, and shall bear interest at the rate set forth in the said note, until paid. 7. That he hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of the note and all sums secured hereby in case of a default in the performance of any of the terms and conditions of this Mortgage or the said note; all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebted- ness shall remain unpaid; and the Mortgagee shall have polhi to appoint any agent or agents it may desire for the purpose of repairing said premises and of renting the same and collectirig'the rents, revenues and'income, and it may pay out of said in- comes all expenses of repairing said premises and -necessary commission5and 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 mortgage indebtedness. 8. That he will keep the improvements now existing or hereafter erected on•the mortgaged property, insured as may be required from' time to time by the Moitgagee:agair9t loss by -fire and other hazards, casualties and contingencies in such amounts and for such periods as may be required by the Mortgagee'and will.pay promptly, when due, any premiums on such insurance provision for payment of which has not been made hereinbefore. All insurance shall be carried iii companies ap- proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to thg_Mortgagee. In event of•loss Mortgagor will give immediate notice by mail to the Mortgagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company con- cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof, maybe applied by the Mortgagee.at its option either to the reduction of the indebtedness hereby seciiied oe;fo•the?esiorafibn 6r repair of the property damaged. In"event nt of foreclo- sure of this mortgage or other transfer of title to the mortgaged property extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in and to.any insurance policies then in force shall pass to the purchaser or grantee. 9. That as additional and collateral security for the payment of the note described, and all sums to become due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all profit's, revenues, royalties, rights and benefits accruing to the Mortgagor under any and all oil and gas leases on said, premises, with the right to receive and receipt for the same and apply them to said indebtedness as well before'as after default in the conditions of this mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and payable, but shall not be required so to do. This assignment is to terminate and become null and void upon releage of this mortgage. 10. That the.Mortgagor will keep the buildings upon'said premises In good repair,'and neither -commit nor permit waste upon�said land, nor suffer the said premises to.be used for any unlawful purpose. 11: That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full amount of indebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing installments of such indebtedness.