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N
<br />89--a 105399
<br />shall be credkvAt by the Mortgagee on subsequent payments to be post of repairing said premises and of renting the same and col -
<br />made by the+fiartgagor. or refunded to the Mortgagor, l.f., lecting the rents. revenues and income. and it may pay out of
<br />however. the monthly pay�t its made by the Mortmmm-- cinder said incomes all expenses i repairing said premises and necessary
<br />i commissions and expenses incurred in renting and manuring the ;.
<br />(a) ground paragraph a preceding shall not be sufficient a pay same and of collecting rentals therefrom; the balance remaining.
<br />ground rents,. taxes and assessments shall, or ��um du pre:- pays le if any. to be applied toward the discharge of said mortgage
<br />the case may be. when the same shall Ike�e due and payable.
<br />then the Mortgagot shalt pay to the Mortga any amount indebtedness.
<br />gee
<br />necessary to make up the deficiency. on or before the date when
<br />S. That the Mortgagor will keep the improvements now ex•
<br />paytnient of such taxes. gicund rents. assessments. or insurance isting or hereafttr erected on the mortgaged property. insured as
<br />premiums shall be due. If at any time the Mortgagor shall tender may be required from time to time by the Mortgagee against loss
<br />to the Mortgagee. in accordance with the provisions of the note by fire and other hazards. casualties and contingencies in such
<br />secured hereby, full payment of the entire indebtedness amounts and for such periods as may be required by the Mor-
<br />: represented thereby. the Mortgagee shall. in computing the t ee and will a
<br />atttouat of such indebtedtresr, credit to the account of the Mort- !fig pay promptly, when due, any premiums on such
<br />shwa arty balance remain *61 in the funds accumulated under the insurance provision fo. payment of which has not been made
<br />provisiom of (a) paragraph Z hereof. If there shall be a default hereinbefore. Mt insurance shall be carried in companies approv-
<br />Ji s under any of the provisions of this mortgage resulting in a public ed by the Mortgagee and the policies and renewals thereof shall
<br />ask of theiUvavtises coveted hereby. or if the Mortgagee acquires (`e held by the Mortaagehelktnd have attached thereto toss payable
<br />,
<br />. ItUDtZfIiAAt i '
<br />Papa 2 014
<br />Tdk AiarWVv to eaw ttaare falter to peMwi the setwlty K t
<br />the property otherwise after default. the Mortgagee shall apply. _
<br />_
<br />trla hi�tttga9tt, aisle:. a
<br />at the time of the commencement of such proceedings, or at the :
<br />: :...
<br />ciao Ow- nrcpersv is balance they
<br />1. That he will pay the indebtedness. as hereinbefore provided. i
<br />ing in the funds accumulated under.(a) of paragraph 2 precedixt&:
<br />Privilege is reserved to pay the debt in whole or in part on any a
<br />as a credit
<br />itstailhnent due date. u
<br />under said note.
<br />2. That. togahiet with, and in. addition to, the monthly 4
<br />4. That the Mortgagor will pay gr,*aadw tents, tic+ i . r W
<br />W,
<br />paymmes of principal and - interest payable under the terms of the a
<br />assessments, water rates. and otherjweimmenial oc.municipat
<br />" i +
<br />+tote secured'lseteby, the Mortgagor will pay [o the Mortgage, c
<br />charges. fines, or impositions, for wlt" prorisiar bd t# -been:
<br />on the first day of each month until the said note is fully paid. m
<br />made hereinbefore. and in default thereof the Mortgagee may ;
<br />;
<br />! t
<br />the following sterns: p
<br />pay the same; and that the Mortgagor will promptly deliver the
<br />(a) AL sum equal to the ground rents, if any, next due. plus the o
<br />receipts (
<br />'
<br />( f
<br />premiums that will neat become due and payable on policies of °
<br />° '`°
<br />jt a
<br />fire and other d insurance covering the mortgaged property, S
<br />ate Mortgagee's interest..ate and improvements.
<br />. . •bed which cagy be levkd`.•vi : +,)t-.MXtgagr or the deft secured
<br />Via( AF esdmareds�:v,tite �fex",�ilgere) ;a��ict� air"dY*paid , i�+'iby-.(-`.s;�. fM- lag to the'e�'+rtit't 'z 'sis not prohilsittd by. law
<br />t
<br />:•.t�ierszfor divided ley the ntbil;flf`elapsee one : r;'
<br />c'onit + th:ii fxtrnt that sukh t mane this loan.
<br />Qj,; tb pticw to the datil;is n7 su�'r. sipd rents, Mums, : '
<br />rioush �tt.'excludint, . Y ittcoltalp,t hi State or Federal, its-
<br />' t
<br />' iiRd by Mo in trust to pay sale gi't xd rents, premiums. x
<br />used an Mortgaga.'a]mG.v�. =.Sl.fitt tiie official receipt sltawytg
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<br />s ttterttiotted in the subsection h
<br />calling, or. if the Mon .n prokitted by- any -law. naar.csn;'
<br />;
<br />L 4
<br />4� this paragraph and al! payments to W,'.t�ade under the note a
<br />aforesaid or upog the repdcrwz of any ccgct dac�tee. pro- , ' " :,. _ :
<br />:, "
<br />secured hereby 3haU be addaf: t
<br />• hibiting t�;a�ment by zhc Mortiaigor of any'sucb ttuhes. of i,!i '
<br />s' t
<br />thereof shall rwid by the 'Mortgagox du* month in a single S
<br />S=h law cc•dectee providts.:t)tat any amount so ds to
<br />paytment to SSe; applied by ft ;Nortgaba . *� ^ rlie fallowing items in- M
<br />Mortgagor :lirrhl, hC L'rlftd :OR the i>xcJr•�tage dt bt« dlfl• ortPXW
<br />the order set, 'fod M s
<br />shall have Ufie sight to give ninety days wzYtten notice to the
<br />(1) ground rents, taxes. assessments, fire and other hazard o
<br />owner of the mortgaged premises. regrt�ing the payment of tlbG
<br />insurance m
<br />become due, payable and collectible or the expiration of said '
<br />'
<br />(11) interest on the note secured hereby; n
<br />ninety days.
<br />(111) amortization pf the principal of said note; and 6
<br />6• That should the Ma-rigager fail to pay any sum or keep any
<br />I1V) late charges. c
<br />covenant provided for in this mortgage. then the Mortgagee, at
<br />Any deficiency in the amount of such aggregate monthly pay- i
<br />its option, may pay or perform the same. and all expenditures so
<br />merit shall. unless made good by the Mortgagor prior to the due m
<br />note, shall be secured hereby, and shall bear interest at the rate
<br />date of the next such payment, constitute an event of default n
<br />set forth in the said note, until paid.
<br />under this mortgage. The Mortgagee may collect a "{tine charge" s
<br />: r
<br />not to exceed four cents (40) for each dollar tfll of each pay- 7
<br />7• ghat the Mortgagor haraby-ossigns, transfers and sets over
<br />ptnse involved in handling delinquent payments. a
<br />to rate :l3cre.g.r, tc: to _ppihd toward the payrritnt• of the note —
<br />—
<br />and all sumo secured hinYsbiOn case of a default in the perfor-
<br />mance of any of ilia turns and conditions of this mortgage or the
<br />under (a) of paragraph 2 preceding shall exceed the amount s
<br />the mortugged promises during such time as the mortgage in-
<br />and assessments or insurance premiums, as the case may be, such d
<br />debtednes+ shall* remain unpaid. and the Mortgagee shall have
<br />! e
<br />excess, if the loan is current. at the p
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