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88_104674 (0' A sum cquDlto Ihe ground ren". if Dny. ne.t due. plus, the premiums Ihat will neXl becomc duc aad,paYDblc on policies of Ore nnd other hlllord lnsunmcc covering the propcny. plus tDKes nnd assessments next due on the property (all as rsrinv".d 1>.1' rll. undu) less ull.ums ulrcudy paid thcrefnr divided by the number nf month, to elapse beforc one (I) monlh prior 10 the dD.te when such ground rents. premiums, taxes Dnd Ilsscssmcnls will become delinquent, such sums (0 be hcld by Lender in lrusl to pay said ground rents. premiums. ta.cs and special u,sessments; und (b) All paymcnts mcntioned in the preceding subsection oflhis paragraph and all payments to be made under lhe notc sc:curcd hereby shall be addcd logether. and the aggregate amnuntlhereof shall be paid by the Borrower euch month in a singlc paymenl 10 be applied by Ihe Lender 10 Ihe following items In the order sel forth: (I) ground rents. laxes. assessments, fire nnd other hazard insurance premiums; (II) interest on the note secured hereby; Dnd (III) amonization of the principal of said note. Any denciency in the amount of such aggregate monthly payment shall. unless made good by the Borrower prior to the due date of lite next such payment, constilute nn event of default under this mortgage. The Lender may collect a "latc charge" not to exceed four cenls (4C) for each dollar ($1) of each payment more than fifteen (15) days in arrears to cover the extra expense involved in handling delinquent paymenls. 3. That if the total of the paymcnls made by the Borrower under (a) of paragraph 2 preceding shall exceed the amount of payments actually made by the Lender for ground rents. taxes and assessments or insurance premiums, as the case may be, such excess, if the loan is currenl. al the option oflhe Borrower. shall be credited by the Lender on subsequent payments 10 be made by the Borrower, or refunded to the Borrower. If. however. the monlhly paymenls made by the Borrower under (a) of paragraph 2 preceding shall not be sufficient 10 pay ground rents. taxes and assessments or insurance premiums. as the case may be. when the same shall become due and payable. then the Borrower shall pay to the Lender any amount necessary to make up 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 Ihe provisions of the note secured hereby. fuU payment of the entire indebtedness represented thereby. the Lender shall. in computing the amount of such in- debtedness. credit to the account of the Borrower any balance remaining in the funds accumulated under the provisions of Ca) of paragraph 2 hereof. If there shall be a defaull under any of the provisions of Ihis instrument resulling In a publie sale of the premises covered hereby, or if the Lender acquires the propeny otherwise after default, the Lender shall apply, at the time of the commencement of such proceedings, or at the time the propeny is otherwise acquired, the balance then re- maining in the funds accumulated under (a) of paragraph 2"preccding, us a credil against the amount of principal then remain~ ing unpaid under said note. 4. l11at the Borrower will pay ground rents, lllxes, assessments. water rates, and other governmentul or municipal charges. fines. or impositions. for which provision has nol been made hereinbefore, and in defaull thereof the Lender may pay the same~ and thai the Borrower will promptly deliver the official receipts therefor to the Lender. 5. The Borrower will pay alllaxes which may be levied upon the Lender's inleresl in said real estate and improvements, and which may be levied upon this instrumenl 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 lax. State or Federal, imposed on Lender. and will file the official receipt showing such payment with the Lender. Upon violation of this undertak- ing, or if the Borrower is prohibited by any law now or hereafter exisling from paying the whole or any ponion of the aforesaid taxes, or upon the rendering of any coun decree prohibiting lhe payment by the Borrower of any such taxes. or is such law or decree provides that any amounl so paid by the Borrower shall be crediled on the debt. the Lender shall have the right to give ninclY days' written notice to the owner of the premises. requiring the payment of the debt. If such notice be given. the said debt shaU'become due. payable and collectible at the expriation of said ninety days. 6. That should the Borrower fail to pay any sum or keep any covenant provided for in this instrument. then the Lender. al its option. may payor perform the same. Ilnd all expenditures so made shall be added to the principal sum owing on the above note. shall be secured hereby. and shall bear interest at the rate set forth in the said note, until paid. 7. That the Borrower hereby assigns. transfers and sets over to the Lender, to be applied toward Ihe payment of Ihe note and all sums secured hereby in case of a default in the performance of any of the lerms and conditions of this instrumenl or the said note. all the rents. revenues and income to be derived from the said premises during such time as the indebtedness shall remain unpaid. and the Lender shall have power to appoint any agent or aseots it may desire for the purpose of repairing said premises and of renting the same and collecting the reniS, revenues and income, and it may payout of said incomes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining. if any. to be applied toward the discharge of said indebtedness. 8. lbat the Borrower will keep the improvements now existing or hereafter erected on the property, insured ns may be required from time to time by the Lender against loss by fire and other hazards, casualties and conlingencies in such amounts and for such periods as muy be n:quired by the Lender 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 ap. proved by the Lender and the policies and renewals thereof shan be held by the Lender and have attached Ihereto loss payable clauses in favor of and in fonn acceptable to the Lender. In event of loss Borrower will give immediate notice by mail 10 the Lender .who may make proof of loss if not made promptly by Borrower, and each insurance company concerned is hereby authorized and directed to make payment for such loss directly to the Lender instead of (0 the Borrower and the Lender jCJintly_ and the insurance proceeds, or any part thereof. may be applied by the Lender al il~ option either to the reduclion of the indebtc:dnes!t hereby secured or to the restoration or repair of the propeny damaged. In event of foreclosure of this instrument Dr other transfer of litle to the mortgaged property in cxtinguishmenl of the indeblCdness secured herehy, nil right, title and intcresl of the Borrower in and to any insurance policies then in force shall pass to the purchaser or gnmtcc:. 9. lbal as additional and collatcral securily for thc paymenlllf lhe nole de'o('rihc:d, and all smits 10 bcCOlll1." ,JuC' undC'r this inst.rumenl. the Borrower hereby assigns to the Lender all pmfit". revenues. royaluc" rights Bnd benefit!- a('L.rull1~ III the Borrower under any and all oil and gas leascs on u.id prem1llies. with the right In receive amI receipt for Ihe "'''lIIe .1110 Pogo 2 01 ~ -.- . "------ro;m-HU[)oi2143.D~~8i6ipl