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<br />The Maagiyer IN Order 111141#1 fully to pre" the sectuity of
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<br />I. That he will pay the indebtedness, as hereinbefore provided
<br />Privilege is Nerved to pay the debt in whole or in part on any
<br />installment due date.
<br />2, That, gather with, and in addition to, the monthly
<br />P&Ymmts of principal and intetaa Payable under the terms of the
<br />on ON tiro day �h month until the aaW to
<br />note is fully paid,
<br />the following suns:
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<br />a OVA 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 />faro and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged property
<br />fall as estimated by the Mortgage) less all sums already paid
<br />therefor divided by the number of months to elapse before one
<br />(1) month prior to the date when such ground rents, premiums,
<br />taxes and assessments will become delinquent, such sums to be
<br />IoW by Mortgagee in trust to pay said ground rents, premiums,
<br />taxes and special assessments; and
<br />b iMPM PaYments mentioned in the two preceding subsections
<br />Of this Paragraph and All Payments to be trade under the note
<br />thereof( yy shall be added together, and the aggregate amount be paid by the Mortgagor each month in a single
<br />payment to be applied by the Mortgagee to the following items in
<br />the order set forth:
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<br />an (I) x" ground rents, taxes, assessments, fire and other hazard
<br />insurance premiums;
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<br />(II) interest on the note secured hereby;
<br />s
<br />({ 11)( amortization of the principal of said note; and
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<br />IV) Wa late charges. i
<br />men[ more than fifteen (IS) days in arrears to cover the extra ex.
<br />Pense involved in handling delinquent payments,
<br />3. Thog[ the total of the payments made by the Mortgagor
<br />under > paragraph 2 preceding shall exceed the amount of
<br />Payments actually made by the Mortgtugae for ground tow, taxes
<br />and assessments or Insurance premiums, as the case may be, such
<br />excess, if the loan !s current, at the option of the Mortgagor,
<br />shall be credited by the Mortgages on subsequent payments to be
<br />made by the Mortgyor, or refunded to the Mortgagor, If,
<br />It jr, the monthly Payments made by the Mortgagor under
<br />fIdYY`'�i�ff Parsgraph 2 Preceding shall not be sufficient to pay
<br />ground rents, taxes and assessments or insurance premiums, as
<br />the can may be, when the saute shall become dug and payable,
<br />then the Mortgagor shall pay to the Mortgage any amount
<br />necessary to make up the deficiency, on or before the date when
<br />Payment of such ground rents, taxes, aupa,snts, or insurance
<br />Premiums shall be due, if at any time the Mortgagor shall tender
<br />to the Mortgagee, in accordance with the provision 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 in the Mort-
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<br />balan airing in the funds accumulated under the provisions
<br />of (W Paragraph 2 hereof. If there shall be a default under
<br />any of the provisions of this mortgage resulting in a public sale
<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 undat)W of paragraph 2 preceding,
<br />as a credit against the amount of principal then remaining unpaid
<br />under said note, g XKi�)ta*W M=PXXIafMRrtrll�etkXX
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<br />4. That the Mortgagor will Pay ground rents, taxes,
<br />assessments, water rates, and other governmental or municipal
<br />charges, fines, or impositions, for which provision has not been
<br />made hereinbefore, and in default thereof the Mortgagee may
<br />pay the same; and that the Mortgagor will promptly deliver the
<br />official receipts therefor to the Mortgagee.
<br />3. The Mortgagor will Pay all taxes which may be levied upon
<br />the Mortgagee's interest in said real estate and improvements,
<br />and which may be levied upon this mortgage or the debt secured
<br />hereby (but only to the extent that such is not prohibited by taw
<br />and only to the extent that such will not make this loan
<br />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 />aking, 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 />uch law or decree provides that any amount so paid by the
<br />Mortgagor shall be credited on the mortgage debt, the Mortgagee
<br />hall have the right to give ninety days, written notice to the
<br />wner of the mortgaged premises, requiring the payment of the
<br />in
<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 elate charge"
<br />not to exceed four cents (46) for each dollar (SO of each pay-
<br />debt. If such notice be given, the said debt shall
<br />ecome due, payable and collectible at the expiration of said
<br />inety days.
<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
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