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<br />(a) A sum squat to the Wound rents, if any, next due, pkls the premiums that will next become due and payable on Policies of Fan end
<br />other hazard Insurance covering Ohs mortgaged property, Pius taxes and 084esements next dua on the
<br />mortgaged property lag as
<br />"*"$led by the Mortgagee) 1048 ON sums Already paid therefor divided by the number of months to ®lapse befit one (1) month
<br />Prior to the date when such Wound rents, premiums, taxes and
<br />Assessments will become delinquent, such sums to be hold by Mori•
<br />44000 In trust to pay said ground rants, premiums, taxes and special as ®e8timents; and
<br />(b) AN Payments mandated In the two preceding subsections of this paragraph and AN payments to be made under the note securest
<br />h * Y�� be together, And the
<br />aMegall0 amount thereof shsil be paid by the Mortgagor each month km A single payment
<br />to dd Mortgagee to the following germs In the order set forth:
<br />(n Wound rants, taxes, sssessmtsnta, fire and other hazard Insurance premiums:
<br />(� interest of the note secured hereby, and
<br />MQ amortization of the principal of said note.
<br />Any deficiency In the amount of such Aggregate monthly payments shag, unless made good by the Mortgagor Pier to the due date
<br />of the next such Payment, constitute an event of default
<br />under this mortgage. The Mortgagee may cc" a 'into charge" not to ex
<br />coed bur cants (4c) for each dollar (St) of each payment more than fifteen (15) days in arrOars, to
<br />In handing delinquent payments. cover the extra expense Involved
<br />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
<br />actually made by the Mortgagee for ground rents, taxes and assessments or Insurance
<br />premiums, as the ri— may be, such excess, if the
<br />ban Is current, at the option of the Mortgagor, shag be credited by the Mortgagee on subsequent payments to be made by the Mortgagor,
<br />or refunded to the Mortgagor. It. however, the monthly payments made by the M,,,,Ilrl,r
<br />lender (n) of paragraph 2 preceding shag not be
<br />sufficient to pay ground rent. taxes and assessments or Insurance premiums, as the case may be, when the some shag become due and
<br />payer, then the Mortgagor shag pay to the Mortgagee any amount
<br />necessary to make up the deficiency, on or before the date when pay
<br />mat of such wand rents, taxes, assessments or knsurace premiums shag be due. If
<br />at any time the Mortgagor shag fender to the Mortga
<br />gee. In accordance with the provisions of the note secured hereby, fug payment of the entire kndebtedness represented thereby, the Movtga-
<br />gee she#, In computing the amount of such indebtedness,
<br />credit to the account of the Mortgages. any balance ren!,ininq in the funds accu
<br />mutated under the provisions of (a) of paragraph 2 hereof If there shall be I default
<br />under any of the provisions of this morlgaele rrvntlnng
<br />In a public sale of the premises covered hereby, or if the Mortgagee acquire., n+n property otherwise after d0a414. the Mmtgng,;e, -hag
<br />apply, at the time of the commencement of such proceedings, or at the time the
<br />property is otherwise acquired. Ina balance then renwinin
<br />in the hinds accumulated under (a) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under ;llid i
<br />note.
<br />4. That the Mortgagor wig pay a# ground rents, taxes and assessments. water rates, and nther governmental or municipal charge,, fine^ nr
<br />impositions. for which provision has not been made hereinbefore, and In default thereof
<br />the Mortgagee may pay the same and that thin Mort
<br />gager we promptly deliver the Official receipts therefor to the Mortgagee.
<br />5. The Mortgagor win pay all taxes which may be levied upon the Mortgagees interest in said real estate arid improvements, which mny be
<br />levied upon this mortgage or the debt secured hereby (but only to the extent that such is not by taw
<br />prohibited and only to the extent that
<br />such wig net mace Ills ban usurious), but exdnling any income tax, State or Federal, imposed on Mortgagee, and wig rile the otficial fore.!pl
<br />showing such payment with the Mortgagee. Upon violation of this
<br />undertaking, or If the Mortgagor is prohibited by any law now or hereafter
<br />existing from paying the whole or any portion of the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by
<br />the Mortgagor of any such taxes, or If such law
<br />or decree provides that any amount so paid by the Mortgagor shag be credited on the
<br />mortgage debt, the Mortgages shall have the right to give ninety (lip) days' written notice to the
<br />€
<br />owner of the mortgaged premises, requirinq
<br />the payment of the mortgage debt. It such notice be given, the said debt sha# become due. payable and collectible at the expiration of said
<br />ninety (90) days.
<br />6. That should he W to pay any sum or keep any covenant Provided for In this Mortgage., then the Mortgagee, At its option, may pay or
<br />Perform the sane, and #A expenditures so made shelf be
<br />added to the principal sum owing on the above note, shag be secured hereby, and
<br />shag beer interest at the rate sot forth In the said note, until paid.
<br />l
<br />T. That he hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of the note and all sums secured
<br />In case of a defaud in the performance of any of the terms and conditions of this Mortgage
<br />3,
<br />or the said note, a# the rents, revenues
<br />and Income to be derived from the mort gaged gaged premises during such time as the mortgage indebtedness shah remain unpaid: and the Mort
<br />gages shah have
<br />e power to appoint any
<br />i.
<br />agent or agent3 it may desks for the Purpose of r
<br />collecting the rands, revenues epof re said premises and 01 renting the same and
<br />and intorrm, and it pay out of said Incomes a# expenses of repairing
<br />said premises and necessary com-
<br />misaion$ and expenaaa Inured In renting and managing the same and of collecting rentafs therefrom: the balance remaking, t any, to be
<br />Applied toward the discharge of sad mortgage indebtedness.
<br />6. That he wig keep the Improvements now existing or hereafter erected on the mortgaged property. Insured as may be required from time to
<br />Insured
<br />time by the Mortgagee against bas by lee and other hazards, casualties and conikngencks In
<br />such amounts and for such periods as may be
<br />required by the Mortgagee and will pay promptly. when due, any premiums on such insurance provision for payment of which has not been
<br />made heratnbefore. AN Insurance shag be carried in companies Approved by
<br />the Mortgagee and the policies and renewals thereof shall be
<br />by the Mortgages and have attached thereto loss payable clauses In favor of and In form
<br />acceptable to the Mortgagee. In event of
<br />1095 Mortgagor Will give Immediate notice by me# to the Mortgagee, who may make proof of loss it not made promptly by Mortgagor, and
<br />each insurance company concerned Is hereby authorized
<br />and directed to make payment for such loss directly 10 the Mortgagee Instead of
<br />to the Mortgagor and the Mortgagee jointly, and the insurance
<br />either to the reduction of the indebtedness hereby �A app#ed by the Mortgagee et option
<br />secured, of oheerdest alaion repair of property In the event of
<br />ff
<br />closure of this rr*lpp or other transfer of title to the mart ash h
<br />gaged then In extinguishment
<br />Inde Indebtedness rig
<br />We and interest of the Mortgagor in and to knourance In the the Indebtedness secured hereby, a# right.
<br />any po#cks then In force shag pass to the purchaser or grantee.
<br />g. That as additional and collateral security for the payment of the note described• and all sums to become due under this mortgage, the
<br />hereby assigns to the Mortgagee e# profits, revenues,
<br />royalties, rights and benefits accruing to the Mortgagor under any and all od
<br />and gas IeASoe on Said premises, wpb the right to receive and reteipf for the same and apply them to said Indebtedness as well before as
<br />After deloull in the conditions of this MOtig". the Mortgagee
<br />and may demand. sue for and recover any such payments when due and pay
<br />able. but slurp not be r"*od to din so. This assfgnmeal Is to terminate and become null and
<br />void upon release of this mortgage.
<br />11), That the war key the buildings upon Said prrrdses In good repair. and neither con" nor permit waste upon said land not
<br />SUN& the said premae9 to be used for any unawkai
<br />purpose.
<br />t. That # toe preanters, or any part thereof, be condemned under the power of en-Anent domain, or acquired for a public use, the damages
<br />awarded• the proceeds la the talking of, or the Consideration for such acquisition.
<br />to the extent of the full amount of Indebtedness upon this
<br />and the rents which it is given to Secure remaining urPaid, ere hereby Assigned by the Mortgagor to the Mat
<br />Paid forill"'fith 10 to be Applied by the after shag be
<br />on account of the next maturing InsI8110WIS of such Indebt�esand
<br />enaw % ..r
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