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A a 87.N-00 102134 (a) A 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 (all 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, loxes and assessments will become delinquent, such sums to be held by Mort 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 she# be added together, and the aggregate amount thereof she# be paid by the Mortgagor each month In a single payment to be applied by the Mortgages to the following hems In the order set forth; (1) ground rents, taxes, assessments, fire and other hazard Insurance premiums; (h) Interest on the note secured hereby; and (IM amortization of the principal of said note. Any deficiency In the amount of such ague monthly payments shag, unless made good by the Mortgagor prior to the due date of the next such payment, constitute am event of default under this mortgage, The Mortgagee may collect a "late charge' not to ex coed four cents (ere) for each dollar ($I) of each payment more than fifteen (15) days in arrears, to cover the extra expense involved In handling delinquent payments. 3. That it the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shag exceed the amount of the payments actually made by the Mortgagee for ground rents, taxes and assessments or Insurance premiums, as the cn�e may be, such excess, it the loam Is current, at the option of the Mortgagor, shag be credited by the Mortgagee on subsequent payments to be made by the Mortgagor . or refunded to the Mortgagor. If, however, the monthly payments made by the M-1,1-1,r under (a) of paragraph 2 preceding shall not be sufficient to pay ground rent, taxes and assessments or insurance premiums, as the case may be, when the same shag become due and pay". then the Mortgagor shag pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when pay ment of such ground rents, taxes, assessments or knsurace premiums shall be due. If at any time the Mortgagor shaft tender to the Moitg3 gee, In accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby. the Mortga gee shag, in computing the amount of such Indebtedness, credit to the account of the Mortgagor, any balance rem-fining in the funds acau mutated under the provisions of (a) of paragraph 2 hereof. If there shag be .1 dpfault under any of the provision-, of this mnrtgagc rr) ^,ulflnq in a public sale of the premises covered hereby, or if the Mortgagee acquire, nhe property otherwise after delault, the Mortgagee hail apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then remaining In the funds accumulated under (a) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under ^,aid note. 0. That the Mortgagor wig pay all ground rents, taxes and assessments, water rates, and other governmental or municipal rharges, fin - nr Impositions. for which provision has not been made hereinbefore, and in default thereof the Mortgagee may pay the same: and that Ilia 1A,A gagof will promptly deliver the official receipts therefor to the Mortgagee. 5. The Mortgagor will pay an taxes which may be levied upon the Mortgagee's Interest in said real estate and Improvements, which may ha 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 receipt showing such payment with the Mortgagee. Upon victalion 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 h such law or decree provides that any amount so paid by the Mortgagor she" be credited on the mortgage debt, the Mortgagee shag have the right to rive 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 shag become due, payable and collectible at the expiration of said ninety (90) days. 6. That should he fa" 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 she# be added to the principal sum owing on the above note, shag be secured hereby, and shall beer 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 shall 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, revalues and Income, and it may pay out of said Incomes all expanses of repairing said premises and necessary corn - n-Asslons and expenses Insured 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. S. That he will keep the improvements now existing or hereafter erected on the mortgaged property. Insured as may be required from time to timer by the Mortgagee against loss by fore and other hazards, casualties and contingencies In such amounts and for such periods as may be refired by the Mortgagee and will pay promptly, when due, any premiums on such insurance provision for payment of which has not been made herei nbefore. AN Insurance shag be carried in companies approved by the Mortgagee and the policies and renewals thereof shag be held by the Mortgages and have attached thereto loss payable clauses In favor of and In form acceptable to the Mortgagee. In event of loss Mortgagor will give Inwnedlate notice by ma" to the Mortgagee, who may make proof of loss If not made promptly by Mortgagor, and each Insurance company concerted 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, tae and interest of the Mortgagor in and to any Insurance policies then In force she# pass to the purchaser or grantee. % Thal as additional and collateral security for the payment of the note described, and all sums to become due under this mortgage. the Mortgagor hwaby assigns to the Mortgagee all profits, revenues, royalties, rights and benefits accruing to the Mortgagor under any and all oil and gas hossres on said premises, with the right 10 receive and receipt for the same and apply them to said 'indebtedness as well before as affair del In the conditions of this mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay Wife. but shelf not be required to do so. This astilgi nmi nI Is to terminate and become null and void upon release of this mortgage. 10. That the ModgW will keep the buildings upon said premises In good repair, and neither commit nor - permit waste upon said land. nor the sold piremisas to be used for any unlawful purpose. It. That #the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public use, the damages the proceeds low the taking of, or the consideration for such acquisition. to the extent of the fun amount of Indebtedness upon this and rite note which h Is given to secure remaining unpaid, we hereby assigned by the Mortgagor to the Mortgagee, and shall be Paid for"woft to saw Mortgagee to be applied by the latter on account of the next maturing Instalinents of such Indebtedness. ciao 7 „t t a