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0 1 (1) If and so long as said note of even date and this instrucient are insured or are re nsured tindcrlihc pro�isions of the National Housing Act, an amount sufficient to accumulatc in the hands bf the holder one (1) month prior to i's due date the annual inorigage insurance primium in order to provide such holder with funds to pay such piemium to the Secretary of Housing Jnd Urban Development pursuant to the National Housing Act, as amended, and applicable Regulations thereunder; or (11) If and so lonjas said note of even daic and this instrument are-hefd by the Sccrcq ry of Housingand Urban Development, a monthly charge (in lieu ofa mortgage insurance premium) whicli shall be in an arnoti— 14— �,elfth (1/12) of one-h'alf (1/2) per cenlum of the average out- standing balance due on the note computed without taking into account dclinquenc cs or prepayments; (b) Asum equal to the ground rents, ifany, next due. plu� the premiums that will next becointl d6 c and pa5;a le on p9licies of fire and other;hazard insurance covering the mortgaged property, plus taxes and assessments next due on the morigagcd property (all is estiniMed by the Mortgagee) less all sums al- ready paid therefor divided by the number of monihs'lo cf1pse before one month prior to 1 he ate whenisuch g 6und rents, premiums,taxes and*asscss- ments will become delinquent, such sums to be held b , y Mortgagee in trust to pay said grbul� d r nts, pre' nims. t i . xesand special assessments: and (c) All payments mentioned in the two preceding subsections of this paragraph and all paym nls to c 76, c underithe note secured hereby shall be added together, and the aggregate amount thereof shall be p�lid by the Mortgagor each month in 13 single payment to be!ap�lied by the Mortgagee to the follow- ing items in the order set forth: (1) premium charges tinder the contract of insural"ce with the Secretary of llousing'� an Urban Devcbpment� or monthly charge (in lieu of mortgage insurance premium). as the case may be; (11) ground rents, taxes, assessments, tire and outer hazard insurance premiums; 111) interest on the note secured hereby. and 0 V) amortization of the principal of said note. Any deficiency in the amount of my such aggregate monthly, payment shall, unless made I good bl ilic'Mortgag(ir prior to the dne dat6 of the next such payment, constitute an event of default under this mo'rtgage. 'rhe Mortgagee ma� collect, �� 'Tate charge'." not to c�ceed two cents (U) for each dollar 60 of each payment more than fifteen (15) days in arcars to cover the extra exp c rise invo ved L I nandling del nqucnt payments. 3. That if the total of the payments made by the Mortgagor tinder (b) of pz ragraph 2 . �rcced,jng shall exceed the amount of payments actually made by the'Mortgagee for ground rents, taxes and assessm nts or insurance p remiums, as thelcPse may be, such excess, at tile option of tile Mortga ;cc, shall be credited by the Mortgat cc on subs1cqucn'�'paynlcnts to be* made by the Mortgagor, or refunded to the Mortgagor. If, however, the monthly payments 1-nade by tile Mori�agor tinder (b) of paragraph 2 preceding shall not be sufficient to pay ground renis, taxes and asscssmcnts or insurance �rcnlidnls, as the case may be, when tile same shall become due and payable, then th!� Mortgagor shall pay to the'N oftgagee apy aniount necessary to make up the deficiency, on or before the date ",lieu payment of'such ground rents, taxe Issments or insurance premiums shall be due. If at any time the Nfortgagor shall tender to the Morltgagee, in accordance witih the provi,,ilons of the note secu�ed hereby, fL'll slial I � n cornputilig tile amount of such indebtedness, payment of the entire indebtedness represented thlereby, the Nlortgagee', credit 10 tile account of the Mortgagor all payments I made tinder the provisions I (a) of pa . r igrapN 2 hereof which the Mortgagee has not become obligated to pay to the Secretary of Housing and Urban Dev , cl )pment aiYany kialante remaining in the funds accumulated tinder the provisions of (b) of Raragr I aph 2 hercoL If there shall c'a defILII't unde� any of.the provisions of -this mortgage resulting in a public sale of tile premises, covered hereby, or if the, Mortgagee 'alcqtiire'� the property okh"'t-wise after c default, the Mortgagee shall apply, at tile time of the commencement of Stich' p"roccedink or a0he time tile property is other- wise acquired, the balance then remaining in the ft I inds accumulated tinder (b) Of Paraizi-a'p'll 2 pr6ceding, as a credit against the amount of principal then remainiing unpaid under said note, �and shall prope idjust any Oaynlcn�ts which shall ha;e been made tinder (a) of paragraph 2. Y 4. That the Mortgagor will pay ground rents, taxes, asscssments, watc rates, and other governmental ;or municipal charges, fines, or impositions, for which provision1has not been made hereiribtifore, andih, defai,ilt thereof the Mprtgagee may pay tile same; and that the Mortga al receipt%' t crefor toj ic Mortgagee. gor will promptl� deliver the offici. ay all taxes which may be levied upon the ;agee s interest in! said real estate *-.Ind improve - 5.' The Nrlortgagor will p, niorti debt secured h reb X ments, and which may be levied upon this zag�' or the I '(but onlyj�) tile e' tent that such is' not prohibit- ed by law and only to the extent that such will noi make this loan usurious); I tit cxclud,h�g any:income tax, Staie or Federal, imposed on Mortgagee, and will file tile official receipt showing such paymentw' th the Mortgage6. Upon violation�of-lbis tinder - any law now or hereafter existing fr( m paying� the wh��le or any portioh of the afore - taking, or if the Mortgagor is prohibited by , I said taxes, or upon the rendering of any court decree prohibiting the payment bA the INIorig, lgor, or, any such taxes,'or if such law or decree provides that any amount so pai'd by the 'Mortgagor shall be credited . in . the nicir gage debt, the Mortgagee shall have the right to give ninety days' written notice to the! owner of the mortgaged 0 Lmises, rc( itiringithe payment of:the mortgage debt. If such notice be given, the said debt sliall become due, payable and c -lible at the -xpiralion of said ninety days. 6. That should lie fail to pay any surn or keeplany covenant provided or n this Nldr gage !then the Mortgagee, at its op- tion, may pay or perform tile same, and all expenditures so made shall be adde ii to the pri icipal Mull owing oil the above note., shall be secured hereby, and sha!l bear interest at tl�e rate set forth in tile said noic, until pa�d. i 7. That he hereby assigns, transfers and sets* 01 ver to the Mortgagce, to be applied t6)vard tile payment of the note and all ase 6f a default in tile. performance of any of the terris . d ditio4 of this Mortgage or the said sums secured hereby in c, 1� I in c note, all the rents, revenues an'd income to be derived from the mortgaged durin�e�such time as the mortgage indebted- pren ises all remain unpaid; and the Mortgagee shall have power to appoint any gent or agents it 'Fnay desire for the purpose of ness sh, 11 'repairing said premises and of- renting the same and collecting the rents, reve uc.� and ific' orne, ',,ind it may pay cut of said in- comes all expenses of repairing said premises and 'necessary commissions and ex,pensesJ I pcurreo in renting and managing tile I same and of collecting rentals'therefrom; the balan1cc remaining, if any, to be applied to vard the discharge of said mortgage indebtedness. 8. That lie will keep the improvements now c�xisting or hereafter erected )n the m61ltgaged property, insured as may be required from time to time by the I'vlortgagee against loss by fire and other hazards, casualti,�s and contingencies in such amounts and for such periods -as may be required b'y the Mortgagee and will p Y prorilpilill whell due, any prem : iums oil such .insurance provision for payment of which has not been made hereinbefore.! ill insurande shall be carried in clompanics ap- proved by tile Mortgagee and tile policies and renelwals thereof shall be held 6 the INfortgagee and have attachc� thereto loss payable ch�uscs in favor of and in form acceptable!to the Mortgagee. In event c f loss %,for gagor!will give immediate notice by mail to tile Mortgagee, who may make proof of loss if not made promptly b I y Mortgagorl I , and dach insurance company con- cerned is hereby authorized and directed to make Payment for such loss directly to tile N,46rtgago'e instead of to tile: Mortgagor and the Mortgagee jointly, and.the insurance, procc�ds, oranypart thereof, may!'Ibeapplied by the:Mortgagee at its option either to the reduction of the indebtednes * I I s hereby secured or to the restoration or repal r of the property Oamaged. In e'vdni of foreclo- sure of this mortgage or other transfer of tit le -to the' tit ortgaged property in extin 11 guishment 'of the indebtedness secured hereby, ,111 right, title and interest of the Mortgagor in and to my insurance policies then In force shall passito tile purchaser or grantee. 9. That as additional and collateral security for the payment of the note deliciibed, an'd all simis to become due tinder this mortgage, the Mortgagor hereby assigns to the M6rtgagee all profits, revenue' , royafties� ri 0,16 and benefits accruing to tile Mortgagor tinder any and all oil and gas leases oil 'said premises, with the righl to receive ( an� re'ceipt for the same and apply them to said indebtedness as well before as after default in the conditions of thislmbrtgage', , I ind thii Mortgagee may demand, sue for and recover any such payments when due and �ayable, but shall not be r6q uired so to, do. This assignment is to terminate and become mill and void upon release of this mortgage. 10. That the Mortgagor will keep the buildings upon said premises in goo I I repair, and neititer commit nor: p�rnlit waste upon said land, nor suffer the 'said premises to be Used for any unlawful purpos6� 11. That if the premises, or my part thereof, 6c condemned under the po%&r of eminent domain, or acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideratioi for such licquisition, to the extent of -the full age and the note which it'is given to secti e remaining unpaid, are herellyassigned by the amount of,i * ndebtednes upon this mortg, Mortgagor to the Mortgagee, i.nd shall be paid forthwith to said Mortgagee to De applied y thellatter on account of,the next maturing installments of such indebtedness.