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!} I - .fir Y A • 9P M
<br />TM Moen M anNr nmtare y _ _
<br />Mle . Mkt a pr~ me NcNrity of
<br />1. That be will pay the indebtedness, as bereimbefore provided.
<br />privilege is reserved to pay the debt in whole or in part on any
<br />installment due date,
<br />(1) xW around rents, toes, Assessments. fire and other hazard
<br />taaurance Premiums;
<br />(I I) kffi interest on the fate secured hereby;
<br />(i l l )fijj amortization of the principal of said note; and
<br />(IV) X" late charter,
<br />Any
<br />ttxre inure amount of such &Wepte monthly PAY•
<br />dare of the next such toed the mortgagor prior ro the due
<br />under the, Payment, constitute an event of default
<br />mortgage. The Mortgftee may collect a 'gate charge„
<br />tat 60 exceed four cents (44) for each dollar (SI) of each pay
<br />men( more than fifteen (1 3) days in arrears to cover the extra ex-
<br />pense involved in handUnd delinquent patymatts,
<br />l
<br />3.
<br />under r it the total of the payments merle by the Mortgagor
<br />paragraph 2 preceding shall exceed this amount of
<br />apn*dymam' utMelly made by the Martggee for ground rents, taxes
<br />or insurance premiums. as the ease may be, such
<br />excess, if the loan is current, at the opona of the M
<br />shall be credited by the Mortgages, on subsequent Payments to be
<br />made by the Mortgagor, or refundad to the Mortgagor, If,
<br />(%Vfr, the monthly payments made by the Mortgagor under
<br />Paragraph 2 preceding shall not be sufficiM to pay
<br />i ground rents, taxes and finemus 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 data when
<br />Payment of such ground rents, taxes, rwessnments, or insurance
<br />Premiums shall be due. If at any time the Mortpgor AW tender
<br />to the Mortgagee, in accordance with the provisions of the torte
<br />secured hereby, full payment of the attire in iabtedAps
<br />represented thereby. the Mortpgee shag, in computt the
<br />amount of such indebtedness, credk to the account of the Mon-
<br />tagor
<br />Mbrtlpanatlltot ay xx
<br />bale pining in the funds accummuhetal under the provisions
<br />of (sir agraph 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 acquire he
<br />Property otherwise after default, the Mortpetee 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 />ins in the funds accumulated unb)* of paragraph 2 prtsoedint,
<br />As a credit against the amount of principal then remaining unpaid
<br />under said note .�7/1711[RllxttlglltllAAUdN[x
<br />�> �uwi +rtxawaxttiwtnt'tgxfg(girlte�g=
<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 />S. 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 law
<br />sad -fly to the extent that such will not snake this loan
<br />usurious), but excluding any income tae. State or Federal, im-
<br />aosed on Mortgagee, and will file the official receipt showing
<br />'uch payment with the Mortgagee, Upon violation of this under -
<br />Wreaft r i the Mortpgor is prohibited by any law now or
<br />tcreefter existing from paying the whole or any portion of the
<br />foresaid taxes. or upon the rendering of any court decree pro.
<br />iibiting the payment by the Mortgagor of any such trues, or if
<br />uch law or decree provides that any amount so paid by the
<br />40rtgagor 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 tnortgated premises, requiring the payment of the
<br />tortgage debt. If such notice be given, the said debt shall
<br />come due. Payable and collectible at the expiration of $aid
<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 Mort
<br />its option, MAY Pay or perform the same, Mortgagee. at
<br />and all expenditures so
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