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<br />The Mortgagor in order more fully to protect the security of
<br />this Mortgage, agrees:
<br />1. That he will pay the indebtedness, as hcreinbefore provided
<br />Privilege is reserved to pay the debt in whole or in part on an%
<br />installment due date.
<br />87- 102682
<br />ment more than fifteen (15) days in arrears to cover the extra ex-
<br />Pense involved in handling delinquent payments.
<br />3. Tha) i(p the total of the payments made by the Mortgagor
<br />under rib(Mdt 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 />2. That, together with, and m addition to, the monthly excess, if the loan is current, at the option of the Mortgagor,
<br />payments of principal and interest payable under the terms of the shall be credited by the Mortgagee on subsequent payments to be
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, made by the Mortgagor, or refunded to the Mortgagor. It',
<br />th e following sums: the first day of each month until the said note is Fully paid, (Vpg9r, the monthly payments made by the Mortgagor under
<br />the of paragraph 2 preceding shall not be sufficient to pay
<br />X � �1liS a5X(")4i"W)"jgAxMKyj&,hWX ground rents, taxes and assessments or insurance premiums, as
<br />If �(pXX the case may be, when the same shall become due and payable,
<br />X x then the Mortgagor shall pay to the Mortgagee any amount
<br />x� x necessary to make up the deficiency, on or before the date when
<br />Pan X XX payment of such ground rents, taxes, assessments, or insurance
<br />XXXXX) Uit7ptldIXA70 1tIL1c7tgjtgp(pgKX x premiums shall he due. If at any time the Mortgagor shall tender
<br />irlfd)dtXgrdtlNiXgi1ldtlfitlb> Y A>a101(II ICOXXXx to the Mortgagee, in accordance with the provisions of the note
<br />>rt>%It(dtflg1f16JtOmtlmfleX secured hereby, full payment of the entire indebtedness
<br />"WYA SV44;61 Ade4f��� irdil5itX1�76�IilfliilYb�ii >tKliX represented thereby, the Mortgagee shall, in computing the
<br />W" t 4M941 6VXXX amount of such indebtedness, credit to the account of the Mort-
<br />iV UU"K.1111 wt llfiAXRfi p(KX>pXflXlfl{7(xONIX1aQi�R9t gagor *ft I 4F>p)( fAX t9(fil(9f�FR>E 1iXA9F1�71 R XR�C KRRR7fl[)! 1( %
<br />OOgXWJtRXX*W=WtpL7RfAJOlikWXW kBaU VtA *XkgIiNlOXlgp(pCR*=XjDX)bpClpAJpl
<br />W" a iiiiiKXl frrlfl{lfxlcHdltllMXKxUKxl XXX ttrx> OtYKitXg�t� fxlDhtcoclt>f�(Xpl�tkkbXk)®lex XIb 1Xa�cxtl)mWtftXaxx
<br />K�K��;<Kaltt%>;RtrrxXXXXX balancfar matning in the funds accumulated under the p provisions
<br />k > �XOtl�ti ltl>FArd(7�plg7pf)(gftp)1[ gJl b(N)11UTAXXXx of (I r paragraph 2 hereof. If there shall be a default under
<br />l tXkl it�ltX�tl (k1(kx�glXrk�XXxR)t)il(kXXXXXXX any of the provisions of this mortgage resulting in a public sale
<br />> XJ�jfy {gi(KXY7HfXi�d(/(�ti�fJ}XXgX of the premises covered hereby, or if the Mortgagee acquires the
<br />Xi$tT�tXtiiiti4k�tiXlitYtitiii( wiiiilfxtXJ(ijWXXXXX Property otherwise after default, the Mortgagee shall apply, at
<br />WR"A XXX the time of the commencement of such proceedings, or at the
<br />mrt�t XXX time the property is otherwise ac99uirrd, the balance then remain-
<br />ing in the funds accumulated L I &)& of paragraph 2 preceding,
<br />a MXA sum equal to the ground rents. if any, next due. plus the nderrsa d note, tXXhY1(it amount off rincyipXaXl then remaining unpaid
<br />Premiums that will next become due and payable on policies of I�IiIaKIbxK�i�Fx >liixiXZiixibix�rljxdt)t X�X *kXX
<br />fire and other hazard insurance covering the mortgaged property.x1.
<br />Plus taxes and assessments next due on the mortgaged property 4. That the Mortgagor will pay ground rents, taxes,
<br />(all as estimated by the 1Norrgagee) 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 />(b) month prior to the date when such ground rents, premiurtts, made herefnbefore, and in default thereof the Mortgagee may
<br />[axes 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 />I mXAll payments mentioned in the two Preceding t_ The Mortgagor will pay of this paragraph and all payments to be made under hecnottes the Mortgagec' interest to said heal 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 to 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 />xx�) tXx> FRIl A�xzt�btsa�c> IAl�xll xifllxw�fltX�lx�kx�t�la>(�lfxzM h
<br />cxXg XXgf 2V=1W AXXX,x[ AXl1tgM>dl0X
<br />ouUC�cmaxXSOtXafc�ix
<br />( I ) xWj) ground rents, taxes, assessments, fire and other hazard
<br />! nsurance prenuums;
<br />(II) JWJ interest on the note secured hereby:
<br />( I I I )kkkk amortization of the principal of said note; and
<br />(IV)XX" late charges
<br />Any deficiency in the amount of such aggregate monthly pay-
<br />ment shall, unless made made h% the Mortgagor prior to the due
<br />date of the next such payment, constitute an event of default
<br />under this mortgage The Mortgagee stay collect a "late charge"
<br />not to exceed four cents (4C) for each dollar 151) of each pa)-
<br />6. That should the Mortgagor fail to pay any sum or keep any
<br />covenant provided for to this mortgage, then the Mortgagee, at
<br />its option, may pay or perform the same, and all expenciitures so
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