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100505 (a) A sum equal to the ground rents, if any, next due.. c!us ttre premiums that will next become due and payable on policies of Fre 3111 other hazard insY'!t!retoveriatg ttne mortgaged property. plena taxes and assessments next due on the mortgaged property (ail as estimated , by tfle''Moitgagm) Was at sums already paid therefor divided by the number of months to elapse before one 11) month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent. such sums to be held by Hlcr±_ gages in trust to pay said ground rents, premiums, taxes and special assessments: and (b) AN payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shag be added together, and the aggregate amount thereof shag be paid by the Mortgagor each month in a single payment to be applied by the Mortgagee to the following Items in the order set forth: (1) (round rents, taxes. assessments, foe and other hazard insurance premiums; (14 Interest on the note secured hereby; and (114 amortization of the principal of said note. Any deficiency in the amount of such aggregate monthly payments shag. unless made good by the Mortgagor prior to the due dale of the next such payment, constitute an event of default under this mortgage. The Mortgagee may collect a 'late charge" not to - teed four cents (4c) for each dollar ($1) of each payment more than fifteen (15) days in arrears, to cover the extra expense Invc!ved in handing 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 payrrenls actually made by the Mortgagee for ground rents, taxes and assessments or insurance premiums, as the case may be. such excess. it the loan is current, at the option of the Mortgagor, shag be credited by the Mortgagee on subsequent payments to be made by the Morigana, or refunded to the Mortgagor. It, however, the monthly payments made by the M^ ' 1 ^ ^r under (a) of paragraph 2 preceding shall not b'? 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 shag pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when pa - ment of such ground rents. taxes, assessments or insurace premiums shaft be due. If at any time the Mortgagor shaft tender to the M" :091 gee, in accordance with the provisions of the note secured hereby, fug payment of the entire indebtedness represenlyd thrreby. the ter to gee shag, in computing the amount of such Indebtedness, credit to the account of the Mortgagor, any balance rent °h,ir!g in the funds ac--, mutated under the provisions of (a) of paragraph 2 hereof- If there shag be, a dpfault under any of the provisions of this mortgage in a public sale of the premises covered hereby, or if the Mortgagee acquire,; !rrrt property otherwise after default, the Mortgngce ^hats apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the balatirn then rrtw1;1v! •, in the funds accumulated under (a) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under note. 4. That the Mortgagor will pay all ground rents, taxes and assessments, water rates, and other governmental nr municipal rharge fir,=,-, impositions, for which provision has not been made hereinbefore, and in default thereof the Mortgagee may pay the same: and that tf, 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, v,hirh miy 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 ban usurious), but excluding any income tax. State or Federal, imposed on Mortgagee, and will file the official rere'pt showing such payment with the Mortgagee. Upon violation of this undertaking, or if the Mortgagor is prohibited by any law now or hereafter existing 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 shag be credited on the mortgage debt, the Mortgagee shag have the right to give ninety (90) days' written notice to the owner of the 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 of said ninety (90) days. 6. That should he fag to pay any sum or keep any covenant provided for In this Mortgage, then the Mortgagee, at its option, may pay or perform the same, and all expenditures so made shag be added to the principal sum owing on the above note, shall be secured hereby, and shag 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 of the note and all sums secured hereby in case of a default in the performance of any of the terms and conditions of 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 shag 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 pay out of said Incomes all expenses of repairing said premises and necessary com- missions 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 mortgage indebtedness. B. That he will keep the improvements now existing or hereafter erected on the mortgaged property, insured as may be required from lime !^ time by the Mortgagee against loss by fire and other hazards, casualties and contingencies in such amounts and for 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. AN insurance shag be carried In companies approved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor will give Immediate notice by mail to the Mortgagee, who may make proof of loss If not made promptly by Mortgagor, and each insurance company concerned Is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee Jointly, and the insurance proceeds, or any part thereof. may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured, or to the restoration or repair of the property damaged. In the event of fore- closure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right. title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the purchaser or grantee. 9. That as additional and collateral security for 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 accruing to the Mortgagor under any and all ci! and gas leases on said premises. with the right to receive and receipt for the same and apply them to said indebtedness as well before as after default in the conditions of this mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay able, but shag not be required to do so. This assignment Is to terminate 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 permit waste upon said land, not suffer the said premises to be used for any unlawful purpose. it. That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full amount of indebtedness upon this mortgage and the note which it Is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the Mortgagee, and shall be paid fotthwhh to said Mortgagee to be applied by the latter on account of the next maturing installments of such indebtedness. L NEWME EEIWJE Id 0