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89_. 10.743 (a), 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 property, plus taxes and assessments next due on the property (all as estimated by 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 (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: (iT) interest on the note secured hereby; and (III) amortizationi of die principal of said note. Any deficiency in the a-mount of such aggregate monthly payment shall, unless made good by the Borrower prior, to, the due date of the next saoh payment, constitute an event of default under this mortgage. The Lender may collect�a• "hits . charge" not to exceed faur cents (4c) for each dollar ($1) of each payment llit v- than fifteen (15) days in arrears to cover the extra expense involvc d mi tuwd5xrg. delinquent payments. 3. That if the total of t ,c ga ?meets .-Trade by d`a Borrower under (a) of paragraph 2 preceding shz�;.e�cecd the amount, of payments actually made lri the Lender for gnxim� rents. taxes and asseagm=ts or insurance pret 0wis, as the case may be, such excess, if the loam is currc=t, .,the option of the Borrower, shag be credited by the [.ender on subsequent-paymeriM to be made by the Borrower, or refmasexi to the Borrower. If, however. die monthly payments made by the Harrower. under (a) of paragraph 2 preceding shall ndf be sufficient to pay ground rents, taxes and assessments or insurance onatnitims.. as the case may be. when the same shall become due and payable, then the Borrcw er shall pay to the Lender any aunmint-necessary, to make up the deficiency -.on or before the date when payment of such gro"a - rents, taxes, assessments, or instttance premiums shall be due. If at any time the Borrower shall tender to the Lender, in aceoruance with the provisions of the note secured. hereby. full payment of the entire indebtedness represented thereby, the Leader shall, in computing the amount, of such. inn debtedness, credit to the account of the Borrower any balance remaining in the funds accumulated under the provisions of (a) of paragraph,2 hereof. If there s'kO Abe a default under any of the provisions of r is � ;amrument resulting ina public sale of the premises covered bveb) . or > the Lender acquires the property oth.zTwi _ aR br'default, the Lender shall +apply, at the time of the commenizanant of ba:h proceedings, or at the time the propi:r:r is cc aeri.4.ise acquired, the balance then re- maining in the funds accumulated under (a) of paragraph 2 preceding. as a credit against tlh.> amount of principal ;then remain• ing unpaid under said note. 4. That the Borrower will pay ground rents, taxes, assessments, water and other govemmental'or municipal charges,. fines, or impositions. EaT. which provision has not been made hereinbefc v!%. gad in default thereof the Gender, may pay the same; and that the Borr•^ wer will' pn;imptly deliver the official rer:eiTt's t:..vrefor to the Lender. 5. The 3 -,m- %er �.;W ;f:ay all taxes which m:: , Pre levied upon the Lender's interest in said real estate andlimprovements. and which s :_y be lo-iv! °apon this irs:r:,ment ra •t'he debt secured hereby R%a only to the extent that suulhib not. prohibited' by law and :l�f,ly to the extent that s ;&.. -,dill not make this loan usurious), but excluding any income tax.. State on Fedural; imposed e:� Leender. and will file the VT eial receipt showing such payment with the Lender. Upon violationos this undertak- ing. or if th- _nrrower is prohibited by dny law now or hereafter existing from paying the whole or any porthin Of-the aforesaid taxes. or upon the rendering of any court decree prohibiting the payment ii-i the Borrower of any such, 'toxes.,or is suchilaw or decree provides that. ��.y amount, so paid by the Borrower shall he credaud on the debt, the Lender st►ulllHaves the right( to give ninety days' 1w-1..!e7: notice t n c.hc owner of the premise.- requiring the payment of the debt. If such-milice he givenh the said debt shwa 4 =).me due, ra ; ai a and collectible at tbe ec.priation of said ninety days. 6. That should the '&mower fail to pay any sum or keep any covenant provid-;d for in this instrument, then the Lender. at its option, may pay or perform the same, and all expenditures so made shall he added to the principal sum owing on the above note, shall he secured hereby, and shall bear interest sC the rate set firth in the said note. until paid. 7. That the Borrower hereby assigns, tramfe.;ti and sets over to the Lender, to be applied toward the payment of the note and all sums securcd hereby in case of a W11-2t in the performance of any of the terms and conditions of this instrunlem or the said note, all the rents, revenues and incov.e to be derived from the said pren-iscs during such time as the indebtedness shall remf•in unpaid. and the Lender chair have you er to appoint any agent or ager.:-i it nn:,, desire. fur the purpose of•repairing said prem.6o, and of renting the same and collecting the renia revenues and incomz. vid it may pay out of said incomes all expenses of repairing said premises and necessary commiss;a ^s and expenses incurrea ::,, renting acrd' managing the same and of collecting renLYi, therefrom; the balance n::naining, if any, to be applied toward Oe discharga (if said indebtedness. 8. 71pat t:-,g Borrower will ka ip itit.:.;.provements now r:kr sting or hereafter erected on the property, insural:as may be required from time to time by &..e Gender against loss by lire and other hazards. casualties and contingencies'in such amounts and for such perirods as may be required by the Lender and will pay promptly. when due, any premiums on such insurance provision for prjment of which has not been made hereinbefore. All insurance shall be carried in companies up, proved by the Lender and'the voiiciez;�ltti rc ie•,sa;sthereof ,,hail 'be held by the L.cnder.and have attached thereto lori , payablc clauses in favor of and in form ac(,,:p1aV-! to the lender. N .gent of loss Bornmex -viii give immediate notict 11v mail to the L.ender•who may make proof of k;ss if not mado promptly by Borrower, and each in. z.iance company canc(im zL is hereby authorized" directed to make payment for sucat loss directly to the Lender instead of to the Rater ;kcr and the lender jointly, and the insurance proceeds, or any part 'hereof, may be applied by the Lender at its option either to the reduction of the indebtedness hereby secured or at the rc,tToration or repair of the property- darnagcd. In event of foreclosure of till, instruinvia or other transfer of title to the nitrtgage -4 property in extinguishment of the indebtedness secured herchy, all right. tilts• and interest of the Borrower in and to any insurance polscicti then in force shall pass tlr the purchaser or grantee q I'tut a, additional and collateral wCurtly fur File payrrrrnt of the uiac dc,t tilted, and .111 sunis to become title either ilus instntltictit. lire Iturrower herchn a,sa±n. to the Lender a.i prlalt,. tr,cnuc,, losallics. tight, and benelih .sunlmf' to fhc fhlirowC7 under ills} anal all ell .111d "as lc,lsey 11ss ,aid prom,;,, Hlth the r1rhi few rCiCl%,C Jntl fek eipt for in. ,am an.l Va,,it- 7 (it 4 i• • mi. 11140.9 2143 -OT FlOv *2iftG (A Ill I -E K .F by ►,n i4