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00930i' (1) If and so long as said note of even date and this instrum.nt are. insured or are reinsured under the provisions of the National Housing Act, an amount sufficient to accumulate in the hands of the holde p one (t) month prior to its due date the annual mortgage insurance premium in order to provide such holder with funds to pay such premium to tt a Secretary of Housing and Urban Development pursuant to the National Housing Act, as amended, and applicable Regulations thereunder; or (1i) If and so long as said note of even date and this instiume it are held 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 (1112) of one-half.(1/2) per centum of -the average out- standing balance due,on the note computed without takin '� into account delinquencies or prepayments;' (b) A sum equal to the ground rents, if any, next due, plus the premi ms that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments n xt due; on the mortgaged property (all as estimated by the Mortgagee) less' all, sums a1- ready paid therefor divided by the number of months to elapse Wore one'month prior to the date when such ground rents, premiums, taxes and assess- ments will become delinquent, such sums to be held by Mortgages in trust to pay said ground refits,premiums, taxes and special assessments; and (c) . All payments mentioned in the two preceding subsections of thi k 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 lortgagor each month in a single payment to be applied by the Alortgagee to the follow- ing items in the order set forth: (1) premium charges under the contract of insurance with th 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 it surance premiums; (f 11) interest on the note secured hereby; and (IV) amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly'pa ment shall, unless made good by the Mortgagor prior to the due date' of the next such payment,"constitute an event of default under this mortgage. The hlortgagee may collect a "late charge" not to exceed two cents (2¢) for"each dollar ($I) of each payment more than fifteen (IS) days in arears to co p y y ver th extra expense involved in handling delinquent payments. < 3. That if the total of the payments made by the Mort agor:under (6) 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 casti`may be, such excess, at the option of the Mortgagee, shall he credited by the Mortgagee on. subsequent: payments to bemade. by the Mortgagor, or refunded to the Mortgagor. If, however, the Fnonthly 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 Mortgag it shall pay to the Mortgagee any amount necessary to makeup the deficiency, on or before the date when payment of such groi lnd rents, taxes, assessments or insurance premiums shall be due. If at any time the Mortgagor -shall tender to the Mortgagee, n accordance with the 'p'rovisions;of,athe note secured; hereby, full payment of the•entim indebtedr)ess represented thereby, tI a Mortgageeshall, in computing th'e'mount of such indebtedness, credit �to the account•of-theNfortgagor all payments der the provisions of (a) of paragraph' 2 hereof which the Mortgagee has not become obligated to pay to the Secretary of Housi!lg and Urban Development and any balance remainmg'in. the funds accumulated under the provisions of (b) of paragraph 2 h reof. If there shall be a default under any of the provisions of this mortgage resulting in a public Tale of the premises covere hereby, or if the Mortgagee acquires the property otherwise after. default, the Mortgagee shall apply, at the time of the comrr encement of such proceedings; or aCthe time the propertyis other- wise acquired, the balance then remaining in the funds ace imulated 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, 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 m said real estate and improve- ments, and which may be levied upon this mortgage or the lebt 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 t tis loan usurious), but. excluding any,!income tax, State or "Federal, imposed on Mortgagee, and will file the official receipt sho% mgsuch payment with the Mortgagee; Upon violation d fhis under- taking, or if the Mortgagor is prohibited by any law now or ereafter existing from paying the whole or any portion`of.the afore- said taxes, or upon the rendering of any court decree prohi iting the payment by the Mortgagor;. or any such taxes, or;if such law or decree provides that any amount so paid by the Mortga 11or shall be credited on the mortgage debt, the Mortgagee shall have the right to give ninety days' written notice to the owner f the mortgaged premises, requiring;the payment of•the mortgage debt. If such notice be given, the said debt shall become du , payable and collectible at the expiration of said ninety days. 6. That should he fail to pay any sum or keep any co enant provided for idthis Mortgage,] then the Mortgagee, at its op- tion, may pay or perform the same, and all expenditures s made shall be added to the principaljsum owing on the above note, shall be secured hereby, and shall bear interest at the rates t forth in the said note, until paid.;, 7. That he hereby assigns; transfers and sets over tot ie Mortgagee, to be applied toward the payment of the note and all sums secured hereby incase of a default in the performai ce 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 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,jand it may pay out of said in-- ' comes all expenses of repairing said premises and necessaIy 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 mortgage indebtedness. :. 8. That he will keep the improvements now existing �r hereafter erected on the mortgaged property, insured as may be required from time to time by the Mortgagee against los by fire and other hazards, casualties and contingencies in such amounts and for such periods as may be required by the I`fortgagee and will pay.promptly, when due, any premiums on such ; insurance provision for payment of which has not been ti+�ade; hereinbefore. All insurance shall be carried in 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 the N\lortg rgee. 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 paymen 14or such loss.directly"to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly, and'the insurance proceeds, or any part" thereof, may be applied by the Mortgagee at its,option either to the reduction of the indebtedness hereby secured or to t re restoration or repair, of the property damaged. In event of foreclo- sure of "this mortgage or other transfer of title to the mortgged property in 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 Mortgage all profits, revenues, royalties, rights and benefits aecruing to the Mortgagor under any and all oil and gas leases on said pr Imises, with the right to receive and receipt for the same and apply ; them to said indebtedness as well before as after default in he conditions of this mortgage, and the Mortgagee mayde'tnand, sue for and recover any such payments when due and payabl but shall not be required so to do. This assignment is to terminate and become.null and void upon release 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 for0y fly unlawful purpose. H. That if the premises; or any part thereof, be cond ,mned under the power of eminent domain, or acquired,f6r a: public. use, the. damages awarded, the proceeds for the taking ci l or the consideration:for such acquisition, to the extent of the full amount of indebted nes upon this mortgage and the note whit{J'ch itis 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 byl the latter on account" of. the next maturing installments of such indebtedness.