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<br />(a)a sum equal wthe ground rents, it any, next due plus the �ms that will next become due and payable on policies ufife ancl
<br />other hazard insurance covering the mortgaged prop". plus taxes and assessments next due on the mortgaged property (all as
<br />estimated by the Mortgagee) less all sums already paid therefor divided by the number of months to elapse before onfi (1) month
<br />prior to the date when such ground rents, prernlums, taxes and assessments will become delinquent, such sums to he hold by Moil
<br />gag" in trust to pay said ground rents, premiums. taxes and special assessments: and
<br />(b) AM payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured
<br />hereby she# be added together, and the aggregate amount thereof shall be paid by the Mortgagor each month in a single payment
<br />to be applied by the Mortgagee to the following items in the order set forth:
<br />(4) ground rents. taxes, assessments. fire and other hazard insurance premiums;
<br />(14) interest on the note secured hereby; and
<br />(III) amortization of the principal of said note.
<br />Any deficiency in the amount of such aggregate monthly payments shall, unless made good by the Morigagor prior to the due date
<br />of the next such payment, constitute an event of default under this mortgage, The Mortgagee may collect a "late charge" not to ex
<br />coad four cents (4c) for each dollar ($11) of each payment more than fifteen (15) days in arrears, to cover the extra expense involvea
<br />in handling delinquent payments.
<br />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
<br />actually made uv the Mortgagee for ground rents, taxes and assessments m insurance premiums, "" the case may be, such excess, nthe
<br />loan /" current. ", the option "/ the Mortgagor, shall o° credited by the Mortgagee = subsequent payments mue made uv the Mortgagor.
<br />or refunded 'u the Mortgagor. n. however, the monthly payments made u' the Mortgagor under (a) of paragraph u preceding shall not *e
<br />sufficient mpay ground rent, taxes and assessments or insurance
<br />payable, then the Mortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when pay-
<br />ment of such ground rents, taxes, assessments or insurace premiums shall be due. If at any time the Mortgagor shall tender to the Mortga-
<br />gee, in accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the Mortga
<br />gee shag, in computing the amount of such indebtedness, credit to the account of the Mortgagor, any balance remaining in the funds accu.
<br />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
<br />in a public sale of the premises covered hereby, or 0 the Mortgagee acquires the property otherwise after default, the Mortgagee shall
<br />apply, at the time of the commencement of such proceedings. or at the lime the property is otherwise acquired, the balance then remaining
<br />in the funds accumulated under (a) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under said
<br />^. That the Mortgagor will pay all ground rents, 'axes and assessments. water rates. and other governmental o, municipal charges, fines, or
<br />/mnu,/mms. for which nmwomn has not been "mue »ereinumom. and in u°uun thereof the un^o°uee may pay the ",me: and that the Mort-
<br />gagor will promptly deliver the official receipts therefor to the Mortgagee.
<br />n. The Mortgagor will pay all taxes which may be levied upon the Mortgagee's interest in said real estate and improvements, which may be
<br />levied upon this mortgage o the debt secured hereby (but only `n the extent that such is not prohibited uv law and only tv the extent that
<br />such will not make this loan usurious). but excluding any income tax, State o,Federal, imposed on Mortgagee, and will file the official receipt
<br />showing such payment with the Mortgagee. Upon violation of this ""uermm"o. ",/, the Mortgagor w nromuo^o uv any law now or hereafter
<br />existing from paying the whole or any portion u/ the aforesaid taxes. u, upon the rendering o/ any court decree prohibiting the payment »y
<br />the Mortgagor m any such o*s, orxsuch jaw or decree provides that any amount "" paid uv the Mortgagor shall be credited on the
<br />mortgage debt, the Mortgagee shelf have the right m n"° "me* (e) days' written notice to the owner nrthe mn*poeu n"emise^, requiring
<br />the of the mortgage debt. If such notice be given, the said debt shall become oup, payable and collectible w the expiration of said
<br />ninety (90) days.
<br />o. That should m" fail m pay any sum or keep any covenant provided for m !his Mortgage, then the Mortgagee, m its option, may pay m
<br />perform the same, and all expenditures sn made shall u, added m the principal s"= n"mo on the above note, shall be secured hereby, and
<br />shall bear interest atthe rate set forth m the said "me. ""m paid.
<br />r. That x° hereby assigns, transfers and sets over m the Mortgagee, mup applied toward the payment m the note and all sums secured
<br />hereby m case o/a default m the performance o/ any "/ the terms and conditions nf this Mortgage o, the said note, all the rents, revenues
<br />and income 10m, derived from the mortgaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mort-
<br />gagee shall have power m appoint any agent o, agents u may desire for the purpose "/ repairing said premises and ", renting the same ""u
<br />collecting the rents, m°mum and income, and u may pay out "/ said incomes all ",ne"s", of repairing said premises and necessary com-
<br />missions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to ue
<br />applied toward the discharge of said mortgage indebtedness.
<br />8. That he will keep the improvements now existing or hereafter erected on the mortgaged property, insured as may ue required from time to
<br />time or the Mortgagee uv fire and other xamrd,, cv""°mes and contingencies in such a=o"m, and for such nerimmus may
<br />required by the Mortgagee and will pay promptly. when due, any premiums on such insurance provision for payment o,which has not been
<br />made nmnmuworr. All insurance shall be carried in companies approved u'*" Mortgagee and the nooma, and renewals thereof shall uc
<br />held uv the Mortgagee and have attached thereto mu, payable clauses in favor of and / form acceptable
<br />loss Mortgagor will give immediate notice by mail to the Mortgagee, who may make proof of loss if not made promptly by Mortgagor, and
<br />each insurance company concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead cf
<br />,o Ihe Mortgagor and the Mortgagee ~ ^ jointly. insurance � ��� ',may ~~~~~'~~^' the ~""y"v`=°"""p"=
<br />°m^�mme��mu . �m°������.o�» secured, or or of the
<br />property damaged. In the event m fore-
<br />closure ",/m,"mrtw"y°ormoer`mnsm,ofm/.mm"=onoage property m extinguishment m the indebtedness secured hereby. all right
<br />`meund interest of the Mortgagor in and ,o any insurance policies then in force shall pass 'o the purchaser ",grantee.
<br />y That ap additional and collateral security for the payment m the note described, and all sums mbecome due under this =ony"ye m" w=nm"m,^�bva""/«"s," momn^yaop°°« profits, revenues, royalties, rights and benefits accruing mm"wv�yuo",""d� any °�d
<br />°o
<br />and gas leases on said premises, with the right to receive and receipt for the same and apply mernm said indebtedness °, well before ""
<br />after default m the conditions of this mortgage. and the Mortgagee may demand. sue for and .,"".",""v such p"p""",° when due and pa,
<br />able. but shag not »e required m on so. This assignment is to terminate and become null and void upon release v'this mortgage.
<br />/o That the Mortgagor will keep the buildings upon said premises m good repair, and neither commit nor permit waste upon said land.
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<br />suffer the sam premises mue used for any unlawful purpose,
<br />,` The. x the vm"nis thereof, b° condemned under the power pf eminent domain, v, acquired for ° public use, the damages
<br />mwardecl. the proceeds for the taking of, m the consideration for such auw.,*on, m the extent of the full o"m""/ of indebtedness "p""'m"
<br />rriongage and the note which it is m.a" to secure remaining unpaid, are hereby assigned o' the -Monnmomm the wo^wowm and shall ue
<br />n°�+m^°o m said Mvno°o,°mbeunnwmo' the momo" account "fm""mv =^"""o installments ",°"c^ mom,'"u"u�
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