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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 />