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<br />The Mortgagor in order more fully to protect the security of ment more than fifteen (15) days in arrears to cover the extra ex-
<br />this Mortgage, agrees: pense involved in handling delinquent payments.
<br />I. 'chat tie will pay the indebtedness, as hereinbefore provided
<br />Privilege is rescrved to pay the debt in whole or in pan on any
<br />installment due date.
<br />2. That, together with, and in addition to, the monthly
<br />payments of principal and interest payable ut:der the terms of the
<br />note secured hereby, the Mortgagor will pay to the Mortgagee,
<br />on the first day of each month until the said note is fully paid,
<br />the following sums:
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<br />Mx�frXMYMYYi(KYYdttlt�N jlOtxl( IS: Opfldl ifp( OtltIIYNY )6XJIAli9(f000N)(9(OtlgOiXXX
<br />)"YAK K14i�ig�ax� ?6i4it,�iiXX�4iit�iti]1�Wf >�16KK�Kil1i; X
<br />SYOYINiI1yIt�Jt, DI��16YtttNNfy (YYlUt1�tYNNX�f1WNp�(/07�t 7YbtR0(a0N@xX X X
<br />XXXXXXb *)#X?A fPd*RftlF*A A (X j( )�%% XX
<br />R9E%E% X9fXRA9t1pXlIIGNWI9(JHl X1p�pJfAll�llARU
<br />YNNrtcx> etfflncsla /4mticN>tIt)OtxxN+tNgttxxS�oocux jx( l�gclufltx7aatxrotoacxac��c�xjx(
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<br />a (O1gtA sum equal to the ground rents, if any, next due, plus the
<br />premiums that will next become due and payable on policies of
<br />fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged property
<br />(all as estimated by the Mortgagee) less all sums already paid
<br />therefor divided by the number of months to elapse before one
<br />(1) month prior to the date when such ground rents, premiums,
<br />taxes and assessments will become delinquent, such sums to be
<br />held by Mortgagee in trust to pay said ground rents, premiums,
<br />taxes and special assessments; and
<br />b fI0NtA11 payments mentioned in the two preceding subsections
<br />of this paragraph and all payments to be made under the note
<br />secured hereby shall be added together, and the aggregate amount
<br />thereof shall be paid by the Mortgagor each month in a single
<br />payment to be applied by the Mortgagee to the following items in
<br />the order set XVAforth
<br />XYN X�9aaMWXl�cltXaaauoal,, 1 fiSc XXIX)=Xx
<br />x�Ttlt�ltXAxYiFNxMKYMYI�YJ �YxNxMlNtltkXllYOplNx)OJUCNZxYit x7NHIX1o71xx
<br />(1) XXW) ground rents, taxes, assessments, fire and other hazard
<br />insurance premiums:
<br />01) AW interest on the note secured hereby;
<br />(l 11))(kyj amortization of the principal of said note; and
<br />( IV)XXOW late charges.
<br />Any deficiency in the aaioum of such aggregate monthly pay
<br />ment shail, unless made good by the Mortgagor prior to the due
<br />date of the next such payment, constitute an event of default
<br />under ,�i, mortgage. The Mortgagee may collect a "late charge"
<br />not to exceej four cents (40 for each dollar (SD of each pay-
<br />3. Thaj " the total of the payments made by the Mortgagor It
<br />under toll? paragraph 2 preceding shall exceed the amount of
<br />payments actually made by the Mortgagee for ground rents, taxes
<br />and assessments or insurance premiums, as the case may be, such
<br />excess, if the loan is current, at the option of the Mortgagor,
<br />shall be credited by the Mortgagee on subsequent payments to be
<br />made by the Mortgagor, or refunded to the Mortgagor. If,
<br />bowp� r, the monthly payments made by the Mortgagor under
<br />jr, 2 preceding shall not be sufficient to pay
<br />ground rents, taxes and assessments or insurance premiums, as
<br />the case may be, when the same shall become due and payable,
<br />then the Mortgagor shall pay to the Mortgagee any amount
<br />necessary to make up the deficiency, on or before the date when
<br />payment of such ground rents, taxes, assessments, or insurance
<br />premiums shall be due. If at any time the Mortgagor shall tender
<br />to the Mortgagee, in accordance with the provisions of the note
<br />secured hereby, full payment of the entire indebtedness
<br />represented thereby, the Mortgagee shall, in computing the
<br />amount of such indebtedness, credit to the account of the Mort-
<br />gagor Xx
<br />i a i xx
<br />balance- elmammg ui t e t e provisions
<br />of (t paragraph 2 hereof. If there shall be a default under
<br />any of the provisions of this mortgage resulting in a public sale
<br />of the premises covered hereby, or if the Mortgagee acquires the
<br />property otherwise after default, the Mortgagee shall apply, at
<br />the time of the commencement of such proceedings, or at the
<br />time the property is otherwise acquired, the balance then remain-
<br />ing in the funds accumulated un®er)f&) of paragraph 2 preceding,
<br />as a credit against the amount of principal then remaining unpaid
<br />under said note, 7M* 7p(pp *Xg$jyt,XlWnjMXN)Fx1FII)Mt* -kXX
<br />XYYM XiY3(Vb(bltl(M XMxrft xNfdl7tXONIXA(E(p7tX7(g0.Mpl1(R
<br />4. That the Mortgagor will pay ground rents, taxes,
<br />assessments, water rates, and other governmental or municipal
<br />charges, fines, or impositions, for which provision has not been
<br />made hereinbefore, and in default thereof the Mortgagee may
<br />pay the same; and that the Mortgagor will promptly deliver the
<br />official receipts therefor to the Mortgagee.
<br />5. The Mortgagor will pay all taxes which may be levied upon
<br />the Is9ortgagee's interest in said real estate and improvements,
<br />and which may be levied upon this mortgage or the debt secured
<br />hereby (but only to the extent that such is not prohibited by law
<br />and only to the extent that such will not make this loan
<br />usurious). but excluding any income tax, State or Federal, im-
<br />posed on Mortgagee, and will file the official receipt ;bowing
<br />such payment with the Mortgagee. Upon violation of this under-
<br />taking, or if the Mortgagor is prohibited by any law now or
<br />hereafter existing from paying the whole or any portion of the
<br />aforesaid taxes, or upon the rendering of any court decree pro-
<br />hibiting the payment by the Mortgagor of any such taxes, or if
<br />such law or decree provides that any amount so paid by the
<br />Mortgagor shall be credited on the mortgage debt, the Mortgagee
<br />shall have the right to give ninety days' written notice to the
<br />owner of the mortgaged premises, requiring the payment of the
<br />mortgage debt. If such notice be given, the said debt shall
<br />become due, payable and collectible at the expiration of said
<br />nine— days.
<br />6. That should the Mortgagor fail to pay any sum or keep any
<br />covenant provided for in this mortgage, then the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so
<br />Pape 2 of a
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