87-- 102422
<br />The Mat
<br />gagar In order more fully In protect the security
<br />tlds Mortgage. agrees:
<br />1. That he will pay the indebtedness, as herembefore provided.
<br />Privilege is reserved to pay the debt in whole or in part on any
<br />installment due date.
<br />2. That, together with, and in addition to, the monthly
<br />Payments of principal and interest payable under the terms of the
<br />note secured hereby, the Mortgagor will pay to the Mortgagee,
<br />on the first day of each month until the said PCle is fully paid,
<br />the following sums:
<br />XX >Jfdti><ifdlxilittl6T�iM)c fi'WilliNitJt�{iiX
<br />iN- >iUFiridl XX
<br />OXX
<br />��ulfl�::X8111�iJ(txxx
<br />XXXXXXIMXI*N111 =ANPz7graw=mtkx;=)dm XkiwkkXXX
<br />N�NII> �Nl tlI�IN�IUO% NdMXMrltylNMltMI010d()Ox71>001X
<br />�KXI{d� W-Man"ASUR iflWttlfWt11df1l1igWWW
<br />>QUeI �t�ta�xtiti�ilxl�ucil >f7c>awc�ct%K�ciWi(i�xXX
<br />JMtkMJ�111dtlflp()L7�xIHl#K N>�Ig10gCX��NL)MNk
<br />g���1tNltbtwllgCamtlnpcXMxxXOtxxx
<br />XXXXX
<br />J�% �ful 11�x >tAtlkltllt>!IN(flJjfll(�l0cgf 1FXxRlt$'IEJFFxIPA�lFklbtNxxxx
<br />��N���> aQC ►dautlulrsxNNit�Ift�lotaXXXXXX
<br />(X
<br />Xiri�( ( zilf�g Mlt � 1N11111t
<br />i
<br />iWr�tiXdpc X�JSirXac " %Xxxx
<br />X1[1tNN7Ap�SC
<br />a 4114 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 4. That the Mortgagor will pay ground rents, taxes,
<br />(afi as estimated by the Nfortgagee) less all sums already 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 hereinbefore, 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 Mortgagee in trust to pay said ground rents, premiums, official receipts therefor to the Mortgagee.
<br />taxes and special assessments; and
<br />b Xxlr All payments mentioned in the two preceding subsections S. The Mortgagor will pay all taxes which may be levied upon
<br />of this paragraph and all payments to be made under the note the Mortgagee's interest in said real estate and improvements,
<br />secured hereby shall be added together, and the aggregate amount and which may be levied upon this mortgage or the debt secured
<br />thereof shall be paid by the Mortgagor each month in a single hereby (but only to the extent that such is not prohibited by law
<br />Payment to be applied by the Mortgagee to the following items in and only to the extent that such will not make this loan
<br />the order set forth: usurious), but excluding any income tax, State or Federal, im-
<br />posed on Mortgagee, and will file the official receipt showing
<br />such payment with the Mortgagee. Upon violation of this under-
<br />taking, or if the Mortgagor is prohibited by any law now or
<br />hereafter existing from paying the whole or any portion of the
<br />aforesaid taxes, or upon the rendering of any court decree pro-
<br />hibiting the payment by the Mortgagor of any such taxes, or if
<br />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 />ment more than fifteen (IS) days in arrears to cover the extra ex•
<br />pense involved in handling delinquent payments,
<br />3. ThhtS it the total of the payments made by the Mortgagor
<br />under )) f 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 />v($s)er, the monthly payments made by the Mortgagor under
<br />I 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 shall 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 />gagor)Nk *f11719!), AM*l�fEX�llhlt'I(9t .nok !!A'llA�)c>?x
<br />lbaauftxtd)axhxotl�t llNlnAti Mffl t x9a JRX)WX
<br />xMNX �7CtttfNgtxodc) tl lotaaillg) ofagUi7bOt )Ntt(�pIDC�OmGOpp0.1Cx1Ud any
<br />balanrrjemaining in the funds accumulated under the provisions
<br />of I any of the provisions of this mortgages eslulting inea publics ale
<br />Of the premises covered hereby, or if the Mortgagee acquires the
<br />property 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 accumulated uniWO) of paragraph 2 preceding,
<br />as a credit against the amount of principal then remaining unpaid
<br />under said note,)UMXkX)tVWC>fftlt►y(g gg *VNYMM)M x
<br />>ETAWI(X 4 kWX XrWILYX)tYdf dl4 !(ltdyc({1S)kihltliljiWjltllX!.
<br />XX#)XRIAQPlF1fRxlr!A pFR z3tl— A(RRRlFilgk7t�(xiA!!k (th
<br />7fIF1FIEMN)► Xl tfClhE lN1PA�JtRN7�(71p��tNN7[!tx �bxxx
<br />x)�X)(1t7W(itJIXNRX RJfJWfNIW11pp (p140fN1p01WIz1UxllgtMlNypMM
<br />(1) XAY) ground rents, taxes, assessments, fire and other hazard
<br />insurance premiums;
<br />(II) JRW interest on the note secured hereby;
<br />(I I 1 ) )MJYJI amortization of the principal of said note; and
<br />(IV)XXW) We charges.
<br />Any deficiency 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 next such payment, constitute an event of default
<br />under this mortgage. The Mortgagee may collect a "late charge"
<br />not to exceed four cents (49) for each dollar ($0 of each pay-
<br />6. That should the Mortgagor fail to pay any sum or keep any
<br />covenant provided for in this mortgage, then the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so
<br />Pape 2 of 4
<br />
|