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<br /> � �9-�. �Q617
<br /> � The Mort=t�us is�a�der anore tuN� Io protert Mt security �t the pruperty othen►i�e afier default, the !�tartgagee shall appl},
<br /> th�s!Nurt`��e. �gues: at the time af the commencement of such proceedings,ar at the
<br /> 1. 1'h�� he ��ill �+a> ihr indrhtedne+�. ,�� hrre�nhrio�� ro�edeei (1m��he pr°per�y is otherK•is�acquired, the balance then remain-
<br /> P►i��►ege i� recer�ed ti� pa� ihe drht �n whole ur ,�� � mR �n the funds accumulated under (a)of paragraph � preceding.
<br /> �nctaUmem dur da�e P��t on an� as a crcdit agai�st the amount af principal then remaini�g unpaid
<br /> under said note.
<br /> 2. rhat. toaether with, and in addition to, the momhly 4. That the hfortgagor N•iU pay ground rents, taxes,
<br /> Dayments of principal and•i�terest payable undcr the termc of the assessmrnts, µ•ater ratrs, and other gatiernmental or municipal
<br /> note secured hereby, the Mortgagor will pay to the hlortgagee, charges, fi�es, or impositions. far �chich proti�ision has nat been
<br /> o� the Pirst day oP each month until the said nate is full� paid, made hereinbefore, and in default thereof the �tortgagee may
<br /> the follawing sums: pay the same;aad that the Afartgagor wiU promptly deli�•er the
<br /> (a) A sum equal to the ground rents, if an�•, next due, plus ihe pfficial receipts therefor ta the M11ortgagee.
<br /> premiums that will next become due aad payable on palicier• of
<br /> fire and other haza�d �nsurance covering �he mortgaged property, 5. The Atortgagor w•il)pap all taxes which may be levied upon
<br /> plus taxes and assessments next due on the mortgaged property the :�lnrtgagee's interesr in.Faid real estate and imptovementc,
<br /> (a!!as e�timated br�thr •tfortgagee)less all sums alread>• paid and w•hich may be le�•ied upon this mortgage or the debt secured
<br /> therefor di��ided by the number of manths to elapsc before onc hereby �but onl�� ta the extent that such is not prohibited by !aH
<br /> (1) month ptior to the date w•hen such ground �ents, premiums, and anly to the extent that such Hill not make this loaa
<br /> taxes and assessments will become deli�quent, such sums to be usurious), but•excluding any income tax, State or Federal, im-
<br /> held by Mortgagee in trust ta pay said graund �ents, premiums, Dosed on Afongagee, and wil) filc the official receipt showing
<br /> taxes and spectal assessments: and such payment µith the Mortgagee. Upon violation of this under-
<br /> taking, or if Ihr �fortgagor is prohibited by any law no�v or
<br /> (b) All payments mentioned in the preceding subsection he�eafter existin from a �n the whole or an
<br /> of this paragraph and all payments to be madc under the note aforesa�d taxes, or upon the rendering of any outrdecreerpho-
<br /> secured hereby shall be added toge�her, and the aggregate amount h�biting the payment by the hfortgagor of any such taxes. or if
<br /> thereof shall be paid by the;ltortgagor each manth in a single such la�� or decree provides that any amount so paid by the
<br /> payment to be applied by the :1lortgagee to the foQoa�ing items in �1ortgagor shall be credited on the mortgage debt, the l�fortgagee
<br /> . the order set forth: �hal! hati•c the ri ht tu
<br /> 8 gi�c ninety days' a�ritten notice to the
<br /> 11) ground ►ents, taxes, assessment�, fire and othcr harard ��ner of the mortgag:d prcmises, requiring the payment of the � '
<br /> ins�rance premiumc; mortgage debt. If such notice be given, the said debt shall ; �
<br /> become due, payable and collectible at Ihe expiration of said
<br /> (EI) interest on the note secured hereb>•; ninet>•days.
<br /> ' (1I1) amortization of thc principal of said notc: and ! ..�
<br /> � i::`i Sdic cnargCS. 6- That sh�ul�i t�..A,t�s:egb�; ;'�i!ta pay a��y smu ur �Ceep any {.�
<br /> c o c e n an t provi dt d fur in t his mortgage. Men thr Mortgagee, at �<_
<br /> Any de�ciency in the amount of such aggregate monthl�•pay ��s option, may pay or perform the same, and all expenditures so F
<br /> ment shall, unless made good by the Mortgagor prior to the duc made shall be added to the principal sum owing on the above
<br /> date of the next such payment, constitute an e�ent of default note, shall be secured hereby, and shall bear interest at the rate
<br /> under this mongage. The Mortgagee may collect a '•laee charge" set forth in the said note, until paid.
<br /> not to exceed four cents (4�)for each dollar(S1)of each pay-
<br /> ment more than fifteen (1S)d3�s in arrears to cover the ercra ex- �� That the �iortgagor hereby assigns,transfers and sets o�•er
<br /> pense involved in handling�elir.quent payments. to the Mortgagee. to be applied toward the payment-of che rtote �
<br /> and all sums secured hereby in case of a default in the gerfor-
<br /> 3. That if the total of the payments made bt ehe Mortgagor ��nce of any of the terms and conditions of this mortgage or the
<br /> under(a)of paragraph 2 preceding shall exceed the amount of said note, all the rents. revenues and income to be derived from
<br /> payments actually made by the Mortgagee for ground rents, �axes the mortgaged premises during such time as the mortgage in-
<br /> and assessments or insurance premiums, as the case may be, such �ebtedness shall remain unpaid. and the Mortgagee shall have
<br />• exctss. if the loan is current. at the option of the Mortgagor. Pawer to appoint any agent or agents it may desire for the pur-
<br /> � shall be credited by the Mortgagee an subsequent payments to be Pase of repairing said premises and of renting the same and col-
<br /> made by the Mortgagor, or refunded to the!►Sortgagor. 1f, lerting the rents, revenues and income, and it may pay out of
<br /> however. the monthly payments made by the Rlortgagor under sacd incomes all expenses of repairing said premises and necessary
<br /> (a)of paragraph 2 preceding sha13 not be suf�cient to pa} ' commissians and expenses incurred in rencing and managing the '��•
<br /> grouctd rents, taxes and assessmee�ts or insurance ptemiurns, as same and of cotlecting rentals therefrorts;the balance remaining, � "
<br /> the cate ma� be, when the same shall become due and payable. �`any, to be applied toward the discharge of said mor;gage •
<br /> then the Mortgagor shall pay to the Afongagre any amount iaclebtedness.
<br /> necessary to make up the deficiency.on or 6et'ore the date when
<br /> payment of such taxes. ground rents, assessments, or insurance 8• That the ?�fortgagor K;fl keep the ianprovements now ex-
<br /> premiums shall bc due. If ac an}•cime the Mortgagor shall tender �sting or hereafeer erected on the mortgage.3 property, insured as
<br /> to the Mortgagee, in accordance w•ith the prorisions of the note may be required from time to time by the I�fortgagee against loss
<br /> secured hereby, full payment of t�:r entire irtdebtedness b} fire and other hazards, casualties and contingencies in such
<br /> reptaeota3 thettby, the titortgagee shail, in cocnputing the a�jeunts and for such petiods as may be required by the :Nor-
<br /> amount of such indebtednas, credit to the aeeount of the Mort- tgagee and will pay promptly, when due. any premiums vn such
<br /> gagor any balance remaining in the fvnds accumutated under the �nsuranet prov ision for payment of which has not been made
<br /> pracesions of(a)patagraph 2 hereaf. If[here shaU bt a default hereinbefore. AfI insurance shaU be carrie� in companies approv-
<br /> under any of the ptovisions of tttis morEgage resulting in a public ed by the Mortgagee and the policies and senewals[hereof shall
<br /> sale of the premises covered here�y, or if the 4lortgagee acquires be held by the lEfortgagee and have attached thereto toss payable
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