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010683 (1) If and so to ng is said note of even date and this instrument insured or arc-rcinsured under the provisions of the National Pousing Act, an r amount sufficient to accumulate in the hands of the hohler one (1) month prior to is due date the annual mortgage insurance prcmium.in order to provide such holder with funds to pay such premium to the Secretary of Housink. d Urban Development pursuant to the Natiohal Housing Act. as amendcd,and applicabl c Regulations thereunder; or 0 1) If and so to n gas said note of even date and this instrument are held by the Secret iry of Housing and Urban Development, am nthly charge (in lieu ofa mortgage insurance premium) which shall be in an ambunt equal to one- welfth (1/12) of one-half (1/2) per centum Of the average out- standing balance due on the note computed Without taking into �ccount dcli ics or prepayments; (b) A surn equal to the ground rents, if any, next due, plus the premiums tfifit will next been c due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged prdperty (all as estimated by (lie hfortgagcc� less all sums al- ready paid therefor divided by the number of months to elapse before one month prior o [he date when iuch ground rents, premiums, taxes and assess- mcnts will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums. taxes and special assess :cnts; and in (c) All payments mentioned in the two preceding subsections of this paragraph and all pa3 =nts to be made under the note secured herc6y.shall be added together, and the aggregate amount thereof shall be paid by the Mortgagor each month n i siiigle payment to be applied by the Mortgagee 10 the follow- ing items in the order set forth: (1) premium charges umicr the contract of insurance wiih the Secrq'lary of Housing and Urb . an Development, or monthly charge (in lieu of mortgage insurance premium). as [he case may be: (11) ground rents. taxes, assessments, fire and other hazard insuran�c premiu Ins, (111) interest on the note secured hereby; and 0 V) amortization of the pTincipal of said note. Any deficiency in the amount of any such aggregate monthly paymcnt.shill, unless made good by I he Morigagor prior to the due da1c!of.thc next such payment, constitute an event of default under this mortgage. The Morigagce may colleci a'Iate.chargc not to exceed two cents (20) for each dollar ($I) of cadi ti�iynient more 116h fifteen (15) days inarcars to cover the cxtra,cxpense involve , d iq handling delinquent payments. 3. That if the total of the piyments made by the Mortgagor, under (b) of paragraph 2 preceding shall exceed the,amount of payments actually made by the:Mortgagce for ground rents, taxes and assessinents or insurance premiums, as the . �ase may be, such excess, at the option of the Mortgagee, slia.11 be credited by the Nrlo cc on subs6quent payments to be!made by the Mortgagor, or refunded to the Mortgagor. If, however, the monthly paymen - i ad6 by the Mortgagor under (b) of' paragraph 2 preceding shall not be sufficient to pay ground rents, taxes and assessments ()r insurance premiums, as the case n�ay be, when the same shall become due and payable, then the Mortgagor shall pay to the N� ortgagee any amount necessary td make up the deficiency, on or before the date when payment 6f such ground rents, tax C. s essments or insurance premiums shal.] be due.. If at any time the Mortgagor shall tender to the Mortgagc�c, in accordance wit'h the provisions of.the note secure . d Ifereby, Ul payment of the entire indebtedness represented thereby, the Mortgagee shali, in computing the a'mount'of such.ifidebtednesi, credit to & account of the Mortgagor all payments made tinder the provisions' f (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 remaininit in the funds accumulated under the provisi If there shall ( ons of (b)of paragraph 2 hcreoL' ie a'default under any of the provisions of this mortgage resulting in I public 'sale of the premises covered lier�by, or if the N�orlgagee acquires the property otherwise after' default, the Mortgagee shall apply, at the time of. the commencement of such I proceedings, or at the time the property is other- wise acquired, the balance then remaining in the funds accumulated unde �f paragraph 2 preceding, as I credit against the amount of principal then remaining unpaid under said note,and shall properly a�just my payments which shall have been made unaer (a) of paragraph 2. 4. That the Mortgagor will pay ground �ents, taxes, ass6ssments—wat r'raies, and other governmental ior, 'municipal charges, fines, or impositions, for which provision has not been made heicin fore', and in default thereof the Mbrtgaigee may pay the same; and that the Mortgagor will promptly deliver the official receipts, I le'refor to the Mortgagee. 5. The Mortgagor will pay all taxes which may be levied upon the INIort agee s interest in said real estate 19' and'improve- ments, and which may be levied upon this mortgage or the debtsecured 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),, E'uvc xcl6ding any income tax, Stat e , -or Federal, imposed on Mortgagee, and will file the official receipt showing such payment �v� th tl ic Mortgagee. Upon violationof -this under- taking, or if the Mortgagor is prohibited by any laxv now or hereafter exi n fro m -paying the whole orany portion of the afore- said taxes, or upon the rendering of my court decree prohibiting the pay �e nt b� the:Mortgagor or any such ttxes',;Pr.if Such law jt, d or decree provides that any amount so paid by the Mortgagor shall be cred i)n the mortgage debt, the Mortga�c6 shall have the right to give ninety days' �vritten notice to the owner of the mortgaged plrgmi.ses, requiring the payment of ithe mortgage debt. If such notice be given, the said debt shall become due, payable and coll&��iblc�at the expiration of said ninety days. 6. That should he fail to pay any sum or keep any covenant provided fo r n this 'Mortgage, then the Mortgagee, at its op- tion, may pay ,or perform the same, and all expenditures so made shall be adde to I tile principal,sum owing on'thp above note, shall be.secured hereby, and sliall 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 6c applied toward the payment of thic'note and all stims secured hereby in case of a default in the performance of any of the terns and conditions of this Mortgage,or the said note, all the rents, revenues an d income to be dcHved from the mortgaged pre i mises'during such time as the mortgage. indebted - ness.shall remain unpaid; and.ihe Mortgagee shall have power to appoint"any, , geni or agents it1may desire for the,purpose of repairing said premises and of renting the same.and collectingthe rents, reve'r ucs and income, and it may pay out of said in- comes all expenses of repairing said premises and necessary commissions an" expenses incurred in renting and �managing the same and of collecting rentals- therefrom; the balance remaining, if any, to I I `Ic�applicd toward the discharge oPpid-niortgage indebtedness. 8. That he will keep the improvements now existing or hereafter erected bri'Ahe mortgaged property, insur.ed. as maj be required from time to time b: the'Mortgagee ag'ainst loss by fire and 0 lia,zards, casualties and contingc�cics in such .Y amounts and for such periods as may be required.by the Mortgagee and will'pAy promptly, when due, -,my preni.iums on such insurance provision for payment of which has not been made hercinbef insurance s all be carried in rompanics ap- proved by the Mortgagee and tile policies and ren6vals thereof shall be h t e. I ortgagee and have attached thereto loss payable'clliuses in favor of and in form acceptable to the Mortgagee. In eveni of loss Mortgagor will give immcd�iate'notice by mail to the Mortgagee,.who may make proof of loss if not made promptly 13y"Morigagor, and each insurance qompany con- cerned is hereby authorized and directed to make payment for such loss directi . to the Mortgagee instead of to t,he Mortgagor and the Mortgagee jointly, and the insurance proceeds, orany �art thereof, mAy, be a'pplied by thq Mortgagee at it.1 option either r to the reduction of the indebtedness hereby s-ecured or td -the restoration or re6a r of;the property damaged. In evpt of foreclo- sure of this mortgage or other transfer of title to the mortgaged property in ext,'inguishment of the indebtedness setured hereby, all right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the purchasel 6'r grantee. 9. That as additional and'collateral security for the payment of the note cribed, and all surns to become Y'ue tinder this mortgage, the Mortgagor hereby assigns to the Mortgagee all profits, rev , royalties, rights and benefits accruing to the Mortgagor tinder any and all oil and gas ]cases on'said premises, with the rig' I to receive and receipt for the,s,�.mc and apply them to said indebtedness as well before as after default in the conditions of t ortgage, and the'Mortgagee may demand, sue for and recoverany such payments when due and payable, but shall not ired so to do. This assignment is to. term inate and becom'c null and void upoh release of this mortgage. , , 10. That the. Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor[ p6rmit waste upon said land, nor suffer the �aid premiies to be used for any unlawfiII purpos I C. I 11. That if the premises, w any part thereof,'be condemned under the po%% er.o'f emine;nt dohlain, or acquir6d for a public use, the damages awarded, the proceeds for the taking of, or.the consideraticii for such acquisition, to the extbnt of the full 11 J . . - amount of indebtednes up*on this mortgage and the note which it is given to se uIc remaining unpaid, are hereby Asigned by the u Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to e a' plied by the latter on accodnt'of the next maturing installments of such indebtedness. p