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<br />ire Mortgagor to order more full to protect the security of
<br />this Mortgage, agrees:
<br />,. That he +ill pa%- the indebtedness, as hereinheftxe p;avided.
<br />pm;Wcc Ic resenrd to pay the debt in whole or in part on any
<br />insjalment due da(e.
<br />a. That, together with, and in addition to, the monthly
<br />payments of principal and interest payable under the terms of the
<br />no:c 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 />a A 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 s. Tltat the Mortgagor will pay ground rents, taxes,
<br />(all as estimated by the Ntortgager) Tess all sums alreadv paid assessments_ water rates, and other governmental or municipal
<br />therefor divided by the number of months to elapse before one charges, fines, or impositions, for which Provision has not been
<br />(1) month prior to the date when such ground rents, premiums, made heteinbefore, and in default thereof the Mortgagee may
<br />taxes and assessments will become delinquent, such sums to be pay the same; and that the Mortgagor will promptly deliver the
<br />held by 'vortgagee in trust to pay said ground rents, premiums, offiaai receipts therefor to the M ortgagee.
<br />taxes and sPCCW assessments; and
<br />b J(i)m All 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 forth:
<br />a
<br />&7-101461
<br />ment more than fifteen (15) days in arrears to cover the extra ex-
<br />pense involved in handling delinquent payments.
<br />3. ;hat 'f the total of the payments made by the Mortgagor
<br />underZ4 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 />hoo ter, the monthly payments made by the Mortgagor under
<br />bb paragraph 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 stall 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 />any
<br />{emaining in the funds accumulated o�
<br />f proyLSAns
<br />of (!A o 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 />PraPerty 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 a- cumulated unWO) of paragraph 2 preceding,
<br />as a credit against the amount of principal then remaining unpaid
<br />under said note,
<br />5. The Mortgagor will pay all taxes which may be levied upon
<br />the Mortgagee`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 />i- on Mortgagee. and will file the official receipt showing
<br />th such Payment with the Mortgagee. Upon violation of this under-
<br />taking. Or if the Mortgagor is prohibited by any law now or
<br />NA JMW hereafter existing from paying the whole or any portion of the
<br />aforesaid taxes, or upon the rendering of any court decree pro-
<br />(1) XJ(R) ground rents, taxes, assessments, fire and other hazard hibiting the payment by the Mortgagor of any such taxes, w if
<br />insurance premiums: 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 />ninety days.
<br />(1 i } JCiN interest on the note secured hereby;
<br />( I I I ))aM amortization of the principal of said note; and
<br />(IY)XXM) late charges.
<br />Any dzficiency in the amount of such aggregate monthly pay-
<br />ment shall, unless made good by the Mortgagor prior to the due
<br />date of the nett such payment, constitute an event of default
<br />under this mortgage. The Mortgagee may collect a "late charge"
<br />not to exceed four cents (4¢) for each dollar ($1) of each pay-
<br />6. That should the Mortgagor fail to pay any stun or keep any
<br />ceyeaant provided for -in this mortgage, then the Mortgagee, at option.•may pay or 4erform the same, and all expenditures so
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