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g-- 10221`4 ...� , �L cwa � T. (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, phis taxes and assessments next due on the mortgaged property (all as estimated by the Mortgages) Was all sums already paid therefor divided by the number of months to elapse before one (1) month prior to the dale when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mort- gsgee in trust to pay said ground rents, premiums, taxes and special assessments; and (b) AN peymsnts mentioned In the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shah 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 gems In the order set forth: (1) ground rents, Woes, assessments, fire and other hazard Insurance premkms; (N) Interest on the note segued hereby; and (tiq amortization of the principal of said note. Any deficiency In the amount of such sggregale monthly payments shag, 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 correct a 'tote charge" not to ex- cited lour cents (4c) for each dollar ($1) of each payment more than fifteen (15) days In arrears, to cover the extra expense Involved In handling delinquent payments. 3. That N 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 case 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 relunded to the Mortgagor. If, however, the monthly payments made by the WO,il ,inr tinder (a) of paragraph 2 preceding shell 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 payable, then the Mortgagor shah 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 Insurace premiums shag be due. If at any time the Mortgag ^r shag tender to the Mortga gee, in accordance with the provisions of the note secured hereby, fug payment of the enure indebtedness represent -d thereby. the kiortga- gee shag, In computing the amount of such indebtedness, credit to the account of the Mortgagor, any balance rem-fining in the funds aceu mulcted under the provisions of (a) of paragraph 2 hereof. It there she# be n default under any of the provision% of this mortgage re=calling In a public sale of the premises covered hereby. or if the Mortgagee acquire^ the property otherwise after default, the Mortgagee -hag apply, at the time of the commencement of such proceedings, or at the time the property Is otherwise acquired, the balance their rrnninhvt in the funds accurnufaled under (a) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under —lid note. 4. That the Mortgagor will pay all ground rents. taxes and assessments, water rates, and other governmental or municipal charge ^, fine^ cr impositions, for which provision has not been made hereinbefore, and In default thereof the Mortgagee may pay the same: and nrat ore tAnti 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 improvement ^, which may he 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 wig not make this ban usurious), but excluding any Income tax, Slate or Federal, imposed on Mortgagee, and will fide the official receipt showing such payment with the Mortgagee. Upon violation of this undertaking, or N 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 shall 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 shah become due, payable and collectible at the expiration of said ninety (90) days. S. That should he fah to pay any son 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, shah be secured hereby, and shag bow 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 a# 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- _ gages shag have power to appoint any agent or agents it may desks 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 repakng said premises and necessary com- missions and exilmoss incurred In ramtng and managing the same and of collecting rentals therefrom; the balance remaining, If any, to be applied toward the dlacherge, of said mortgage indebtedness. �o 8. That he will keep the Improvements now existing or hereafter erected on the mortgaged property, Insured as may be required from time to flute by the Mortgagee against loss by fie and other hazards, casualties and contingencies it 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 herfore. AN insurance shag be carried In companies approved by the Mortgagee and the policies and renewals thereof shag 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 wig give Immediate notice by mail to the Mortgagee. who may rake 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 pat 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- closera of this mortgage or other transfer of title to the mortgaged property In extinguishment of the Indebtedness secured hereby, all right, We and Interest of the Mortgagor in and to any Insurance policies then in force shag pass to the purchaser or grantee. 9. That as oddificinal 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, royaities. rights and benefits accruing to the Mortgagor under any and all oil and gas uses on said premises. with-the right to receive and recut for the same and apply them to said indebtedness as well before as after d~ in the condftns of this mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay- able, but OW not be required to do so. This assignment is to terminate and become null and void upon release of this mortgage. 10. The the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor permit waste upon sold land, nor rAder the sold promises to be used for any untowhi purpose. 11. That N the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public use, the damages aradhe, the proceeds for the taking of, or the coralderation for such acquisition, to the extent of the fug amount of Indebtedness upon this mortgage and the note which N Is gtven to secure remaining unpaid. are hereby assigned by the Mortgagor to the Mortgagee, and shag be pald forthwith to sold Mortgagee to be applied by the fatter on account of the next maturing Instalments of such Indebtedness. r'ngr ) r,r 7 _....._ .. _ .._._