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r- (a) A sum equal to the around rents, if any. next due. plus the premiums that will Next bect, rtte ANW d a policies of fire and other hazard insurance covering die property. plus taxes and assessments next due on the p vpaty (ail as estimard by At fender) leas all sums already paid therefor divided by the number of months to elapse before ate (1) month prior to the date when such ground rents. premiums. taxes and assessments will become delinquent. sit¢h gums to be held by Lender in trust to pay said ground rents, premiums. taxes and special assasgmas; and (b) All payments intentioned in the preceding subsection of this paragraph and all payments to be made under the now st weld hereby ftO be addled iogedter, and the aggrepte amount thereof shall be paid by the Borrower each tttoatlt in a slunk payrru t to be applied by the Leader to the following items in the order set forth: (1). ground rents. taxes, assessmerus. fire and other hazard insurance premiums; (11) interest on the note secured hereby; and (J4I) amortization of the principal of said mote. Aij deficiency in the amount; cif wch aggregate monthly payment sMU, unless made good by the Borrower prior to the due date of the next such pavftnt, tvn stitur a an event of default. under this mortgage. TM Lender tray collect a "late charge ". trot to ex.-M, i :iior t:ents;4 Vic) fotco& dollar ($I) of each paymettt more than fifteen (15) days in actors to cover the extra expeme.100�rod 'u NAWWng delinquent payments. 3. That if the trO) Othe payments made by the Borrower under (a) ^f paragraph: 2.pf±xeft stall exceed the amount.. of payments aNUallly ,irtsde by the Lender for ground rents, taxes and assessments or 'insurance pit Wutns, as the case may,- be. such excess. if the Wan is current, at the option of the Borrower. shall be credited by the Lender on subsequent paymealk. to be made by the Borrower. or refunded to the Borrower. if. however, the monthly payments made by the Borrower under_:., (a) a: graph 2 preceding shall not be sufficient to pay ground rents. taxes and assessments or insurance premiums, its the cm any be. when the same shall become due and payable, then the Borrower shall pay to the Lender any amount necessary to makeup the deficiency. on or before the date when payment of such ground rents. taxes. assessments. or insurance premiums shall be due. if at any time the Borrower shall tender to the Lender, in accordance with the provisions of the note s;cu;6 hereby. &11 payment of the entire indebtedness represenW thereby, the Lender shall, in computing the amount tint nidi in- debtedtiCss. credit to the account of the Borrower any bat nee remaining in the f wilt s1:ctunulatod under the Mi-Asions of (a) of paragraph 2 hereof. if there shall be a default under any of the provisions of iKs instrument resulting in a public sale of the premises wvwYwd hereby. or if the L mkr acquires the property otherwise after default;, ter: Lender shall apply, aE the tintlte of the corrit7w Bement of.such prow ngs, or at the time the property is otherwise acquired. the balance then re- main a in the funds accumulau-4 urukr (a) of paragraph-" preceding, as a credit against the amount of principal then remain- ins unpaid under said note. 4. That the Borrower will pay ground resits, taxes. assessments. watar,.rates. and other governmental or municipal charges.. fines, or impositions. for which provision has not been made hereinbefore. and in default thereof the Lender may pay the same: and that the Borrower wQJ promptly deliver the official receipts therefor d1w Lender. S. The Borrower will pay all takes which may. be levied upon the UnAer's'nterest in said real estate and improvements. and which may be levied upon this Instrument or the debt secured heresy ('ii, t:4i to the extent that such is not prohibited by law and only to the extent Wv iu► h will not make it :i* iemn usurious). but ext:!'ading any income tax. State or Federal, imposed on Lender. and will fill` dire �Ajcial receipt sh4;wing such payment with the F,4,nder. Upon violation of this undertak- ing. or if the Borrower is prohibited by any law now or hereafter existing fnxn paying the whole or any portion of the aforesaid taxes. or upon the rendetintg of any court decree prohibiting the payment by the Borrower of any such taxes. or is such law or decree provides dtaf any am-vnt so paid by the Borrower shall he credited on the debt. the lender shall have the right to give ninety days' written lxx5rx t+> the owner of the premise~, requiring the payment of the debt. If such notice be given. the said debt shall become dial': playable and collectthle at the expriation of said ninety days. 6. That should Ute Borrower fail to pay any sum or keep any covenant provided for in this imArument, then the Lender. at its tlptain, may pry or perform the same, Jtvd all expenditures so made shall be added to the principal sum owing on the abort nwo. shall be secures turft.. and 4W) bear interest at the rate set forth in rite said note. until paid. 7. That the 8mower hereby assigns. transfers and sets over to the lender. to be applied toward the payment of the rate and all sums wured hereby in case of a default in the performance of any of the terms and conditions of this insuuinent or the: said note. ali'tdtt 'rents, revenues and income to be derived from the said premises during such time as the indebtedness shall remain unpaid. attd the Lemiler tttall have power to appoint any agent or agents it angry desire for the purpose of repairing said premises ad (if tinting the iianc and collectinj the rents. revenues and income. and it may pay out of said incomes all expenses of rgjWtittg said premises and necessary cexnmissions and expenses incurred in renting and trwsaging the same acid of ctAlecting rT sins therefutm; the balance retraining, if any. to be applied toward the discharge of said indebtedness. S. That the Borrower will keep the improvements now existing or hereafter erected on the property, insured as may he regttiM front tulle ro time by the Leader against loss by fire and other hazards, casualties and contingencies in such antnunts ad for such periods as may he required by the Lender and will pay promptly, when due. any premiums on such inwrame provision for payment of which has not been made hercinbefore. All insurance stall he carried in coinpanics up- prnv:e A: @_-_ t raftr a• • f,_•Lt•. and ItCO Ny the Lcuda clauses in favor of anti in form accept" to the tender. In event of toss Borrower will Five immediate notice by nail to the Letidet.who rnay matte proof of loss i1 not made promptly by Borrower, and each insurance company c,inccrned is hereby author ued and directed to mute payment for such kiss directly to the bender instead of to the Borro%cr and the Lender pin dy. std the inourani:e proceeds. tir any part thereof, inay be applied by the tender at its option cithLr to the reduction orfthc indebtedom hrrchy wurcd in to the resavrallon ear repair of the property di nlaged In event 411 foreclosure of th1% itisrrument r�r 41!hcr transfer c►f tote t41+ the trio)tlg igGd pt4 }4rt} in exUngutshmcnt of the indcMtditr: ss - .cciirccf hereby, :ill right. titk aril iflacrest of the SM(wter in and fut any insurance 1witi0es then in farce shall pa- to the purchascr tit grantee. 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