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(a) A sum cqualto lhc ground rems. if ony. nc~1 due, plus thc premiums lhat will ne.; !!~~ ~9!!I~on policies of fire and other hazard insuroncc covcring the propeny, plus la~cs and as"'ssmenls nc~1 due on Ihc propeny (all as "'ima,,,J by Ih~ und,,) Icss all sums already paid therefor divided by the number of months to clapse before one (I) month prior 10 lhe date when such ground rerlts, premiums, taxes and assessments will become delinquent. such sums to be held by Lender In trust 10 pay said ground renls, , premiums, Iaxes and special a....smenls; and (b) All payments menlioned in the preceding subsection of this parngropll ond all paymenls 10 be made under tbe note secured hereby:shall be added together, and the aggregate amount thereof shall be paid by the Borrowcr each month In a single paymenllo be applied by thc Lender to the followingilems in the order set fonh: (I) ground renrs, taxes, assessments, fire and other hazard insurance premiums; (0) inlerest on the nole secured hereby; and (TII) amonization of the princip!l! of said note. Any deficiency in thc amount of such aggregate monthly payment shall, unless made good by the Borrower prior to the due date of the ne~t such paymenl, constitute an event of default under this mongage. The Lender may collecl a "late cbarge" nOl.lO exceed four cents (4C) for each dollar ($1) of eacb payment more than fifteen (15) days in arrears In cover the extra expense involved in handling delinquent payments. 3. 111lII if the tolal of the payments made by the Borrower under <a) of paragraph 2 preceding shall e~ceed the amount of payments actually made by the lender for ground rents. raxes and assessments or insurance premiums. as the case may be. such excess, If the loan is current, at thc option of the Borrowcr, shall be credited by the Lender on subsequent paymenls to be made by the Borrower. or refunded to the Borrower_ If. bowever. the monthly payments made by the Borrower under (a) of paragraph 2 preceding shall not be sufficient to pay ground rents, taxes and assessments or insurance premiUtnSe as the case may be, when the same shall becomc due and payable, then the Borrower shall pay to the Leoder any amount necessary to make up the deficiency, 00 or before the date when payment of such ground rents, taxes. assessments, or insurance premiums shall ,be due. If at any time the Borrowcr shall tender to the Lender, in accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby. the Lender sball, in computing the amount of such in. debtedn..s, credit to the account of the Borrower any balance remaining in the funds accumulated under the provisions of (a) of paIlIgrapb 2 hereof. If there shall be a dcfauil under any of the provisions of this instrumenl resulting in a pubUc salc of the premises covered bereby,.or if the Lender acquires the property otherwise after dcfault, the Lender shall apply. at the time of the commencement of such proceedings, or al the lime lhe propeny is otherwise acquired, the balance then re~ maining in the funds accumulated under <aJ of paIlIgraph 2 preceding, as a credit against the amounl of principal then remain- ing unpaid under said note. 4. 1bat the Borrower will pay ground rents, taxes. assessments. waler rates. and other govemmemal or municipal charges. fincs, or impositions, for which provision has not been made hereinbefore. and in defauil thereof the Lender may pay the same: and that the Borrower will promptly dcliver the official rcceiplS therefor to the Lender. 5. The Borrowcr will pay allta.cs which may be Icvied upon thc Lender's interest in said real eslatc and improvements. and which may be levied upon this instrument or the debt secured hereby (but only to lite extent that such is nOI prohibited by law and only to the extent that such will not make this Joan usurious), bur excluding any income taX. 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 existing from paying the whole Of any ponion of the aforesaid taxes. or upon the rendering of any coun decree prohibiting the payment by the Borrower of any such taxes. or is 5ucb'(aw or decree provid.. that any amount 50 paid by the Borrower shall be credited on the debt. the Lender shall have the righl to give ninely days' written notice to me owner of the premises. requiring lite payment of the debt. If such notice be given. the said debt shall become due. payablc and collectible at the e'priation of said ninety days_ 6. That should the Borrower fail 10 pay any sum or kecp any covenant provided for in this inslrUmenl, then thc Lender, at its option, may payor perform the same, and all expenditures 50 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. 10 be applied toward the payment of the note and all sums secured hereby in case of a default in the performance of ar.y of the terms and conditions of this instrument 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 agents it may desire for the purpose of repairing said premises and of renting the same and collecting 'the rents. revenues and income. and it may payout of said incomes all expenses of repairing said premises and necessary rommissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the halance remaining, if any, to be applied toward the dischargc of said indebtedness. 8. That the Borrower will keep the improvements now existing or hereafter crected on thc property. insured as may be required from time to lime by the Lender against loss by ftre and other hazards, casualties and cootingencies io such amounts and for web periods as may be required by the Lender and will pay promptly. wheo due. any premiums on such insunm.e provision for paymenl of which bas nnt been made hereinbefore. All insurance sball be carried in companies ap. proved by the Lender and the policies and renewals thereof shall be held by the Leoder and have anached thereto loss payable clauses in favor of and in form acceptable to tlJe_,Lcnder. In event of loss Borrower will give immediate notice by mail to the Lender.who may make proof of loss if not madi promptly by Borrower. and each Insurance comJllU)Y concerned is hereby lI1IIbI>rized and directed to. make payment for such loss directly 10 tile Lender instead of to the Bori'ower and the Lender j01ody, and.thl. insurance proceeds. or any par1 thereof. niay be applied by the Lender at its option either 10 the reduction of !be indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this illih'Ument orothcr transfer of title to the mongagcd propeny in ex.tinguishman of the indebtedness secured hereby. all right. litle and interest of the BOrrower in and to any i.mu.rancc policies then in force shall pas'" to the purchaser or grantee. 9. That as additional and cii11f1Wi1.,rlty for the payment of Ihe nole described. aod all sums to become due undcr &hi. iMtrumcnt. the: Borrower h~~-~fgik to lhc Lender all profits. revenues. royalties. right.. and benclih. ,:u:crnin!! It' .... Borrower IIftder Aft)' and all oil and gas Ic.asa on uid. premises. with the light 10 rccci,'C Mod f'CCdpl ror Ihe !t.Ulne and P_ 2 0" Fonn HUo.IZ1U.oT Rev 2188 6lPI