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a 87- 101965 The Mortgagor in order more fully to protect the security of ment more than fifteen (15) days in arrears to cover the extra ex- ob Mortgage, shwa: pense involved in handling delinquent payments. 1. That he will pay the indebtedness, as hcreinbefore provided. Privilege is reserved to pay the debt in whole or in part on any installment due date. 2. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the tote secured hereby, the Mortgagor will fay to the Mortgagee, on the first day of each month until the said note is fully paid, the following sums: X 7gtklFX�Np(�IKX XXX __X 1i�Xdit>il(XXX ifit XXX X X >b! N�11ilW0OtRiIXX l * HXX X lj ft* DMllOt% IO QfAK=)*%Xt9* tIF*KXXX Itlf11% 1i1110gfpbtl lfrglxRlY(X�JgIp1ERiOr(A MJdWllt KXXXXXXX > iX�1611t1i 11lytlfllrtt�OtlfefitJAdtXiMix x If�rtx,XlliffHCxxxxx xx xx �)tlfX(iaipYgtlllfllld( a WA sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (a11 as estimated by the Mortgagee) less all sums already paid therefor divided by the number of months to elapse before one (1) month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes aid special assessments; and b WAR payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shall be added together, and the aggregate amount thereof shall 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: XXU MMWKA lFXWAXIt%ltRJ*WWgI1HF "h R 111 J1101)IL1WWX7gHCftWW*X7O Mft1rXXX Xk «7f71X11XKOX I) XMI) ground rents, taxes, assessments, fire and other hazard insurance premiums; ( i 1) kft interest on the note secured hereby; (I 11)4M amortization of the principal of said note; and (I V)X*4 late charges. Any deficiency in the amount of such aggregate monthly pay- ment shall, unless made good by the Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. The Mortgagee may collect a "late charge" not to exceed four cents (44) for each dollar (Sl) of each pay- 3. Tha;jf the total of the payments made by the Mortgagor under XObf paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee for ground rents, taxes and assessments or insurance premiums, as the can may be, such excess, if the loan is current, at the option of the Mortgagor, shall be credited by the Mortgagee on subsequent payments to be made by the Mortgagor, or refunded to the Mortgagor. If, howpy r, the monthly payments made by the Mortgagor tender (**paragraph 2 preceding shall not be sufficient to pay ground rents, taxes and assessments or insurance premiums, as the case may be, when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency, on.or before the date when payment of such ground rents, taxes, assessments, or insurance premiums shall be due. If at any time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secureI hereby, full payment of the entire indebtedness represented thereby, the Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the Mort- ax AI< MOGatlYJ �9d1t% �) (it1ltRlwliAFXktiltAKd7�I0i%i�K )Ef<XI�X>RXX 31Ot>BdtNlnilcfCxlur771int1( g11M any balan maining in the funds accumulated under the provisions of (1641TOWYparagraph 2 hereof. If there shall be a default under any of the provisions of this mortgage resulting in a public We of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acqguired, the balance then remain- ing in the funds accumulated und6))) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under said note, ZAVX0MYJpfll pL4yXXS)UklJWV#AVNV&UXIWWX 8K7111» IfMt�Kif1( d7fXiiiidailt�XdVt�iili�fdi�fitl. 4. That the Mortgagor will pay ground rents, taxes, assessments, water rates, and other governmental or municipal charges, fines, or impositions, for which provision has not been made hereinbefore, and in default thereof the Mortgagee may pay the same; and that the Mortgagor 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, and which may 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 loan usurious), but excluding any income tax, State or Federal, im- posed on Mortgagee, and will file the official receipt showing such payment with the Mortgagee. Upon violation of this under- taking, 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 pro- hibiting the payment by the Mortgagor of any such taxes, or if such law or decree provides that any amount so paid by the Mortgagor shall be credited on the mortgage debt, the Mortgagee shall have the right to give ninety 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 days. 6. That should the Mortgagor fail 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 Page 2 of 4 a W OR a,.