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s ;s L (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next becoine due and payable on Policies of fire and other hoard insurancm covering the property. plus taxes and assessmwnts next due on the prtgwrty (411 as estimated by the Lamer) 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 4W be held by Lender in trust to pay said ground rents, premiums, taxes and special assessments. and OD C: (b) All payments mentioned in the preceding subsection of this paragraph and all payments to be made under the note t , tQ secured hereby WW1 be added togedta and the aggregate amount thereof shall be paid by the Sorrower each month in a asin&le payment to be applied by the Lender to the following items in the order set forth: 14 (1) &found tents, taxes, assessments, fire and other hazard insurance premiums-, (U) interest on the note secured hereby: and (114 amortization of the principal of said note. Any deiciency in the amount of such ag&reguft mor4hly payment shall, unless made good by the Borrower prior to the dui ,Of the next such payment, consti;PPr� event of default under this mortgage. 71st: Lender may eolleict a "late chaarao" W O exceed four cents (Qc�) bbr.eacA 406r ($0 of Wch payment more than fifteen (15) days in arrears to cover the exttll.: +A bse iavo vied in ha*tag, delingaeo payments. 1 That if the total of the payments made by tgo Borrower under (a) of paragraph 2 preceding shall exceed the amount of paymerats.actually made by the Lender for ground rents. taxes and assessments or insurance premiums, as the case may be. suck excess. if the loan is current, at the option of the Borrower. shall be credited by the Lender on subsequent payments to be made. by the Borrower. or refunded to the Borrower. If. however. the monthly payments roadie by the Borrower under (a) of paragraph 2 preceding shall not be sufBciixrppo pay ground rents. taxes and assessments or insurance premiums. ac the case may be. when the same shall becoWdtx ad payable, then the Borrower shall pay to the Lender any amount necessary to nuke up the deficiency, on or before the datxvj+ in payment of such ground rents. taxes. assessments. or insurance premiums shall be due. If at any time the Borrv#et•,diid sender to the Lender, in accordance with the provisions of the note secured hereby. full payment of the entire inde(xednm;:repsettted thereby, the Lender shall, in computing the anwunt:cef Okh in- debtedness. credit to dw account of the Borrower any balance remaining jn.tti',e funds accumulated under the provisions of .. cis ' of paragraph 2 hcrer+f. If there shall be a &44Lt under any pf the provisioms of this instrument resulting in a pnKk sale of the pcerdies covered,.fiereby. or if the Leader *Wires ti* property otherwise after default, the Lender shall ably. at ; the ti '4i ne 446 commencement of such procee 136,; stir at the time the property is otherwise acquired, the balanoe�•then re- maiming in the funds accumulated under (a) of p ph 2 preceding. as a credit against the amount of principal then remain- ing unpaid under said cote. i 4• That the Borrower will lay POW rents, tea. assessments. water rates. and other govemmental or municipal charges, frogs. or imporicioyns, for which provision has not been made hereinbefore, and in default thereof the Lender may pay the same. and that the Borrower will promptly deliver the official receipts therefor to the Leader. 1 5. The Borrower will pay all taxes which may be levied upon the Lender's interest in said real estate and improvements, and which, rMay be levied upon this instrument or the debt secured hereby (but only to the extent that su& is;AaC pto'ltibited by law and•. Only to the extent that such will not make this loan usurious), but excluding any income tax, State '06t 'pedend, i imposed on Lender, well will file the official receipt showing such payment with the Lender. Upon viabOon of this undertak- ing. M if the Borrower is prohibited by any law now or hereafter existing from paying the whole or any Ouirtion 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 be credited on the delft•, the Lender shall have the right to give ninety days' wxi%cn notice io the owner of the premises, requiring titf payment of the debt. If such notice be given. tlae said debt shall beei3m, due. payable and collectible at the expriation of said ninety days. ZTsa should the Borrower fail to pay any sum or keep any covenant provided for in this instrument. then the Lender, O rte', may pay or perform the same. and all expenditures so made shall be added to the principal sum owing on the ? rrafi0t- note, shall be stconred hereby. and shall bear interest at the rate set forth in the said note. until paid. i 7. 'That the Borrower hereby assigns. transfers and sets over to the tender, to be applied toward the payment of the note and all sums secured hereby in case of a default in the performance of any- of the,tetras and conditions of this instrument , or the said note. all the'rents. revenues and income to be derived from the said'. premises during such time as the indebtedness diall refrain mWaid, and the tender slnU have power to appoint any agent or agents it may desire for the purpose of repairing 1 said premises and of renting the same and collecting the rents. revenues and income, and it tray pay out of said incomes all expatsmn of repsirin& 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 toward the discharge of said indebtedness. S. Tbac tGe Borrower will keep the improvements now existing or hereafter erected on the property, insured as may be required from time to time by the Lender against loss by fire and otter hazards. casualties and contingencies in such } arnOMM 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 hereinbefore. All insurance shall be carried in companies ap- proved by the Lender and the policies 04 renewals thereof shall be held by the Lender and have attached thereto loss payable clauses in favor of and in form acceptabk to the Lender. In every of loss Borrower will give immediate notice by mail to rise I.etder.who may make proof of km if not made promptly by Borrower. and each insurance company concerned is hereby awbonzed a W directed so make payment for such kiss directly to the Lender instead of to the Borrower and the Lender joimly. and the inwraece proceeds. or any part thereof. may be applied by the lender at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this imArumew or other transfer of title to the mxm&ared property in extinguishment of the indebtedness secured hereby. Al right. title and interest of the Mitrowcr in and to any insurance policies then in force shall pass to the purchaser „r grantee (P 'That its addltlama) and enllateral kccuraty fill the payrrlcni of Uw cable deurshr,f. and all %unls to he.orlic liar under three ur,trurnent, thr Be,rro -Aa hereby if, the Lerwfer all ptofits. rcvcnveg. ren.riucs• right% and tbrneta% a.�ruing n• the ti+xul++rr strap► any and 411 od arvJ lea; leaves din %anti pterfuwti ,, A oll the I Ight to and rr,crl*1 tvr tllc anir anbt Pow 2 01 4 i rt, 1411( -92143 01 ;IN : •139 r_: VI I