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<br /> � TAe Mott�a�ar ta order more futt�• to protect the security of the property atherw�ice aftcr cicfaul�, cnc �►ton��A�c�n,n �rr�>�.
<br /> tdls Afort���e.agrees: at the time of the commencemen� nf cuch prececding�, ur at �hc
<br /> time the property is otherwise acquircd, the balanee th�n �em�in•
<br /> 1. Tha� he ��ill pa�• thc indebted�ess, a� hercinbefore pro�ided. ing in the funds accumulat�d under (a)aP paragraph 2 pre��cd�ng,
<br /> P�i��ilege is resen�ed �a pay the debt in ��hole or in part on am• as a credit against the amauat af principal then remaining unpa�d
<br /> installmen� due datc. under said note.
<br /> 2. That,togethe�with, and in addition to, the monthly 4. That the hlortgagar will pay graund rents, taxes,
<br /> paymonts oi prii�cipa) and•intercst payable under the te�ms oi'che assesaments. water rutes, and ather governmental or mumcipal
<br /> nate secured hereby. the Mortgago� will pay to the Martgagee, charges, �nes, or impositians, for which pravision hac nat becn
<br /> on the Pirst day of each moath until the said note is fully paid. made herei�before, and in default thercoi the �lortgagec ma>•
<br /> �he foUowing sums: pay �he same;and that tho I�tortgagor wil) pramptly dcli�•cr the
<br /> (a) A sum equal to the ground rcnts, if any, next due. plus the °f`��ial reccipts therefo� to the N�tortgagee.
<br /> premiums that wi11 next beoome due and payable on poticies af 5. The '�lortgagor w•il! pay all taxes which may be le�ied upon
<br /> fire and othor hazard insurance covering the mortgaged property, the Mortgagee's interest in said real estate and impravements,
<br /> plus taxe:.and assessments next due on ehe mortgaged propecty and which may be levied upon this mortgage ar the debt �ecured
<br /> (all as estimated bv the Mortgagee)less all sums already paid hereby (but only to the extent that such is not prohibited b�� law•
<br /> thereior di�ided bythe number af months to elapse before one and only to the extent that such will not make this loan
<br /> ` I1)month prior to the date when such ground rents, premiums, usurious), but excluding any income tax. State or Fedoral, im-
<br /> � taxes and assessrnents wi11 became delinquent, such sums to be posed on Mortgagee,and will file the official receipt showing
<br /> held by Mortgagee in trust to pay said ground rents, premiums, such payment with the Mortgagee. Upon violation of this under-
<br /> taxes and special assessments; and taking, or if the Mortgagor is prohibited by any law now ot
<br /> (b) AU payments mentioned in the preceding subsection hereafter existing from paying the whole or any pottio� of the
<br /> of this paragraph and all payments to be made under the note afaresaid taxes. or upon the rendering of any court decret pro-
<br /> secured hereby shall be added together, and the aggregate amoun� hibiting the payment by the Mortgagor oi any such taxes, or if
<br /> thereof shall be paid by the Mortgagor each month in a single such law or decree provides that any amount so paid by the
<br /> payment to be applied by thc Mortgagee to the following items in Mortgagor shall be credited on the mortgage debt, the Martgagee
<br /> the order set fotth: shall have the right to give ninety days' written nutice ta the .
<br /> (I) ground rents, taxes, assessments, fire and other hazard pw'ner oi'the mortgag:d premises, requiring the payment of the
<br /> insurance premiums; mortgage debt. !f such notice be given, the said debt shall
<br /> become due, payable and collectible at the expiratian of said
<br /> � (Il) interest on the note secured hereby; ninety days. • �
<br /> (111) amortization of the principal of said note: and 6. That should the hfortgagor fail to pay any sum or kcep any �
<br /> • f i V) jate ci�arges. covrnani proviaco ivr in fnis ntorigagr. t�IC�I ttlC 7VtV7Ig0$6T. tti --
<br /> Any deficiency in the amount of such aggregate monthly pay- ��s option, may pay or perform thc same, and all expenditures so '
<br /> ment shall,unless made good by the Mortgagor prior to the due made shall be added to the principal sum owing on the above
<br /> date af the next such payment. constitute an event of defauit note, shall be secured hereby,and shall bear interest at the rate
<br /> under this mortgage. The Mortgagee may collect a "late charge" set forth in the said note, until paid.
<br /> not to exceed four cents (4�) for each dollar (E1) of each pay- 7, That the Mortgagor htreby assigns, transfers and sets over °�
<br /> ment more Ihan fifteen (15)days in arrears to cover the extra ex- to the Mortgagce, to be applied toward the payment•of the note
<br /> pense involved in handling delinquent payments. and all sums secured hereby in case of a default in the perfor-
<br /> 3. That if the total of the payments made by the Mortgagor mance 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 Mortgagce for ground rents, taxes �he mortgagtd premises during such time as the mortgage in- R
<br /> and assessments or Insurance premiums. as the case may be, such debtedness shall remain unpaid, and the Mongagee shall have �
<br /> excess. if the loan is current. at the option of the Mortgagor, Do�yer to appoint any agent or agents it may desire for the pur-
<br /> ; shall be credited by the Mortgagce on subsequent payments to be Pase of eepairing said premises and of renting the same and col-
<br /> lecting the rents, revenues and income, and it may pay out of
<br /> made by the ll�lortgagor. or refunded to the Mortgagor. If, '�
<br /> y payments made by the Mortgagor under said incomes all expenses of repairing said premises and necessary
<br /> however, the monthl commissions and expenses incurred in renting and managing the � '
<br /> (a)of paragraph 2 preceding shall not be sufPicient to pay same and of collecting rentals therefrom;the balance remaining,
<br /> � ground rents� taxes and asse�sments or insurance premiums. as �f any, to be applied toward the discharge of said mortgage
<br /> the case may be, when the same shall become due and payable. �ndebtedness.
<br /> then the Mortgagor shall pay to the Mongagee any amount
<br /> ' necessary to make up the deticiency. on or before the date when g, That the Mortgagor will keep the improvements now ex-
<br /> ` payment of'such taxes, ground rents, assessments. or insurance isting or hereafter erected on the mortgaged property. insured as
<br /> , premiums shall be due. If at any time the�+fortgagor 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 contingencie� in such
<br /> secured hereby,full paymeni of the entire indebtedness �ounts and for such periods as may be required by the Mor-
<br /> represented thereby, the Mongagee shail, in computing the tgagee and will pay promptly, when due.any premiums on such
<br /> amount of such indebtedness. credit to the account of the Mort- �nsuraner provision for payment of which has not been made
<br /> � gagor any balance remaining in the funds accumulated under the hereinbefore. All insurance shall be carried in companies approv-
<br /> provisions of(a) paragraph 2 hereof. If there shall be a default ed by the Mortgagee and the policies ansi renewals thereof shall
<br /> under any of the provisions of this mortgage resulting in a public be held by the Mortgagee and have attached thereto loss payable
<br /> sale of the premises covered hereby, or if the Mongagee acyuires
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