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r L 88.=~. 101082 (a) A sum equal to the ground rents, if any. next due, plus the premiums that will next become due and payable on policies of fire and other hazard Insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mortgagee) less all sums already paid therefor divided by the number of months to elapse before one (1) month prior to the date when such grClund rents. premiums, taxes and assessments will become delinquent, such sums to be held by Mort, gagee In tNst to pay said ground rents. premiums. taxes and special assessments; and (b) All payments mentioned In the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shall be added together, and the aggregate amount thereof shall be paid by the Mortgagor each month in a single payment to be applied by the Mortgagee to the foilowing items in the order set forth: (I) ground renis, taxes, assessments, fire and other hazard insurance premiums: (II) interest on the note secured hereby; '1nd (III) amortization of the principal of said note, Any deficiency in the amount of such aggregate monthly payments shall, unless made good by the Mortgagor prior to the due date of the next such payment. constitute an event of default under this mortgage. The Mortgagee may collect a "late charge" not to ex, ceed four cents (4c) for each dollar ($1) of each payment more than fifteen (15) days in arrears, to cover the extra expense involved in handling delinquent payments. 3. That If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the amount of the payments actually made by the Mortgagee for ground rents, taxes and assessments or insurance premiums, as the case may be, such excess, if the loan Is current, at the option of the Mortgagor, shail be credited by the Mortgagee on subsequent payments to be made by the Mortgagor. or refunded to the Mortgagor. If, however, the monthly payments made by the Mortgagor under (a) of paragraph 2 preceding shall not be sufficient to pay ground rent, taxes and assessments or insurance premiums, as the case may be, when the same shall become due and payable. then the Mortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when pay, ment of such ground rents, taxes, assessments or insurace premiums shall be due. If at any time the Mortgagor shall tender to the Mortga, gee, in accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the Mortga, gee shall, in computing the amount of such indebtedness, credit to the account of the Mortgagor, any balance remaining in the funds accu' mulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then remaining in the funds accumulated under (a) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under said note. 4. That the Mortgagor will pay all ground rents, taxes and assessments, water rates, and other governmental or municipal charges, fines, or impositions, for which provision has not been made hereinbefore, and in defaull thereof the Mortgagee may pay the same; and that the Mort, gagor will promptly deliver the official receipts therefor to the Mortgagee. 5, The Mortgagor will pay all taxes which may be levied upon the Mortgagee's Interest in said real estate and improvements, which may be levied upon this mortgage or the debt secured hereby (but only to the extent that such is not prohibited by law and only to the extent that such will not make this loan usurious), but excluding any income tax, State or Federal, imposed on Mortgagee, and will file the official receipt showing such payment wlth the Mortgagee. Upon violation of this undertaking, or if the Mortgagor is prohibited by any law now or hereafter exil'ting from paying the whole or any portion of the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgagor of any such taxes, or if such law or decree provides that any amount so paid by the Mortgagor shall be credited on the mortgage debt, the Mortgagee shall have the right to give ninety (90) days' written notice to the owner of 'he mortgaged premises, requiring the payment of the mortgage debt. If such notice be given, the said debt shall become due, payable and collectible at the expiration 01 said ninety (90) days. 6. That should he fail to pay any sum or keep any covenant provided for in this Mortgage, then the Mortgagee, at its option, may payor perform tha same, and all expenditures so made shall be added to the principal sum owing on the above note, s~all be secured hereby, and shall bear interest at the rate set forth in the said note, until paid. 7, That he hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment 01 the note and all sums secured hereby in case of a default in the performance 01 any of the terms and conditions 01 this Mortgage or the said note, All the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mort. gagee shall have power to appoint any agent or agents it may desire for the purpose of repairing said premises and 01 renting the same and collecting the rents, revenues and income, and it may payout of said incomes all expenses 01 repairing said premises and necessary com. missions and expenses incurred in renting and managing the same and of collecting rentals therelrom: the balance remaining, II any, to be applied toward the discharge of said mortgage indebtedness. 8. That he will keep the Improvements now existing or hereafter erected on the mortgaged property, insured as may be required from time to time by the Mortgagee against loss by fire and other hazards, casualties and contingencies in such amounts and lor such periOds as may be required by the Mortgagee 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 approved by the Mortgagee and the policies and renewals thereol shall be held by the Mortgagee Bnd have attached thereto loss payable clauses in favor 01 and in Icrm acceptable to the Mortgagee, In event of loss Mortgagor wUl give Immediate notice by mail to the Mortgagee, who may make prool 01 loss if not made promptly by Mortgagor, and each insurance company concerned Is hereby authorized and directed to Ir.ake payment lor such loss directly to the Mortgagee Instead 01 to the,Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereol, may be applied by the Mortgagee at its option either to the reduction of the Indebtedness hereby secured, or to the restoration or repair 01 the property damaged. In the event 01 fore- closure of this mortgage or other transfer 01 title to the mortgaged property in extinguishment 01 the Indebtedness secured hereby, all right, title and interest of the Mortgagor in and to any insurance policies then in lorce shall pass to the purchaser or grantee, 9, That as additional and collateral security lor the payment of the note described, and all sums to become due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all profits, revenues, royalties, rights and benefits accNing to the Mortgagor under any and all oil and gas leases on said premises, with the right to receive and receipt lor the same and apply them to said indebtedness as well before as after default In the conditions of this mortgage, and tha Mortgagee may demand, sue for and recover any such payments when due and pay, able, but shall not be required to do so. This assignment is to tanninate and become null and void upon release of this mortgage. 10, That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor pannit waste upon said land. nor suffer the said premises to be used for any unlawful purpose. 11, That If the premises, or any part thereol, be condemned under the power 01 eminent domain, or acquired lor a pUblic use, the damages awarded, the proceeds for the taking aI, or the consideration for such acquisition, to the extent of the full amount 01 Indebtedness upon this mortgage &nd the note which lt Is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to be applied by the latter on account 01 the next maturing installments of such indebtedness, P8Qf '2 of )