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(a) A sum equat to the ground rents. if any. next due. plus the premiums that will next become due and payable on - - -- -- pok= ier_ -..5 ft.Fe— and other hazard insunime- covering the txop; rty, plus tau. -and assessments -next due on the property (utt -- — — - as estimated bti the Lender) less all sums already paid therefor divided by the number of months to elapse before one (1) month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Lender in trust to pay said ground'rents, premiums, taxes and special assessments: and 1 � (b) All payments mentioned in the preceding subsection 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 Borrower each month in a single payment to be applied by the Lender to the following items in the order set forth: (1) ground rents, taxes, assessments, fire and other hazard insurance premiums, (II) interest on the note secured hereby: and (111) amortization of the principal of said. note. Any di 'ti envy in the amount c" such aggregate monzHAY, payment shall. unless made good -by the Borrower prior to the due date of the next such pa }•t>rtaN. as an event of default under this mortgage, Fite Leaner may collect a "late charge" not to excee! fvt;r cents i�i_l.;fbT each,ktar ($I) of each payment more than fineen (M days in arrears to cover the extra dense ins`3Sv in han4^ g delinquent payments. 3. T7,v ;.if the total of the payments madtr by the Borrotc * mide'r CA', '31F! paragraph 2 preceding;`Ali exceed -fite'amount Qaym hts actually made by the Lender for ground rents, taxes and ass- scents or insurance premiums, as the case may be. such•ct.cess, if the loan is current, at the option of the Borrower, shall bi:- 4rddited by the Lender on subsequent payments to be meae by the Borrower, or refunded to the Borrower. If. however. the morztly payments made by the Borrower under (a) of paragraph 2 preceding shall not be sufficient to pay ground rents, taxes. add sY��ments or insurance premiums, as the case may be, when the same shall become due and payable. then the Borrow.e7 sha2 paN to the Lender any amount necessary to make up the deficiency, on or before the date when payment of such ground i rills. E~ati. assessments, or insurance premiums shall be due. If at any time the Borrower shall tender to the lender, in accarriance provisions of the note secured hereby, thou payment of the entire indebtedness represented, t er:eby, the Lender shall: Ph computing the amount of such in- debtednes,-,. credit to the account of the Borrower any ball io-., remaining in. the funds accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any of the provisions of this instrument resulting in a public sale of the premises covered hereby, or if the Lender acquires the property otherwise after default, the Lender shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired; the balance then re- maining ic.the funds accumulated under (a) of paragraph 2 preceding, as a credit against the amount of principal then remain - ing unpaid: under said note. 4. 1T.mxt the Borrower will pay ground rents. taxes, assessments, water rates, and other governmental or municipal charges, fines. or irsgositions, for which provision has not been made hereinbefore, and in default thereof thr Lender ay pay the same: aau that the Borrower will promptly deliver the official receipts therefor to the Lender. S. The Borrower will pay all taxes which may be levied upon the Lender's interest in said real and improvements, and which may he levied upon this imtrument or the debt secured hereby (but only to the extent that such is net prohibited by law an& only to the extent that finch will not make this loan usurious), but excluding e,r,y income tax. State ,e: Federal, imposed .so. Lender, and will file the official receipt showing such payment with the Lend:::. Upon violation of tf: undertak- ing, or if the Borrower is prohibited by any law now or hereafter existing from paying the whole or any portion of the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by the Borrower of any such taxes, or is such law or decree provides that any amount so paid by the Borrower shall he credited on dre6t, the Lender shall ha,,; the right to give ninety days' written notice to the owner of the premises, requiring the payme :e ri''the debt. if such notic:' ,. given, the said dltl;tt shall become due, payable and collectible at the cxpriatio,7 of said ninety days. 6. That should the Borrower fail to pay any %urn or keep any coverage provided for in this t_s Lender, at its ogdon, may pay or perform the same. and all expenditures so m_ l..: -Ball he added to the principal sum t', wr,y on the above 1t,ni„ ;hall be secured hereby, and shall bear interest at rh: r:;�1: :a forth in thv szid note, until paid. 7. That the Borrtr:l.L-r hereby assigns, trinsfcrs and sets over to th,_ Un.;lcr, to he applied toward the payment of the note and all sums securai h-,.m2by in case of a default in the perfurmance of of the terms and conditions of this instrument or the said note, all the re _'s. and income to be derived from the said premises during such time as the indebtedness shall remain unpaid, and the l cn S!.< shall have power to appoint any agent or agents it r, iy desire for the purpose cif repairing said premises and of -ru Ling the same and collecting the rents, revenues and incon:e....ad it may pay out of said incomes all expenses of repxiling said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom. the balance remaining, if any, to be applied tow4 d. the discharge of said indebtedness- S. ilia.►; the Borrower will keep the improvements now existing or hereafter erc=—d en the property, insured as may Ix- required from time ti► tittle by the Lender against loss by fire and other haiards, casualties and contingencies in such amounts and for such periods as may be required by the Lender and will pay promptly, when due, any premiums on such insurance provision for payment of which has not been made hercinbefore. All insurance shall be carried in companies ap- proved by the Lender and the policies and renewals thereof shall he held by the Lender and have attached thereto loss payable clause-, in favor of and in fi►rit, ncicptaLlr to the Lender. In event of fors Borrower will give unntcdiate notice by mail to the Lender,wh t ntay make proof of loss if not made promptly by Borrower. and each insurance company concerned is licrchy authorized and directed io make payment for such loss directly to the Lender instead of to the Burrower and the Lender jointly, and the insurance proceeds, or any part thereof, may b-- applied by the Lender at its option either to the reductuin of the indebtedness hereby secured or h► the restorattnn or repair of the property danug -ed ht c%cnt tit forcclo,ure tit ill,,. instrument cirother transfcroi title u►tho tiairtgagcd projivrty in extmgut,hment t4thc indchtcdncss,ccurcd hereby. all wht. WV title and Interest fit, the Mirrower in and it) any insurance lhih c5 then in fork %hall pass a• the pnrthat cr of r mtc". t•'.' ,Ti i) ihat as ;ufllittiinal a1tlt .t•tiat.ral sckutity for the payo,cnr of tilt: n„tc tic,c7tt+,•It..1r.11 .11t .um, to title in,.lrr ` • dw. ,eraru,,:cnl the liot(kctier hcrch , .... „ . a „if.Re h. the I c•Cdt•t all pPAits. TC'.i't1;1•;,, t,.ti.lN,;;.. t►sh„ anti h:12Ch1' .ntrRln:• V. - -- - $tit' tt:ah1.1-tr to-rtil,r ARV aml .ill :.,1 it-A �.t, 1ka"c” on Said j�rei3il,Cti. tvo l the 11.14 t• r�- ctvlti•.- .11M iekcil•- t;,i tt;.. 11.:1 0 4 g71a-4 tit 1:.:, ..• f v; w tCl n