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<br />87�- 10; 820
<br />(a) O sum equal fire the ground rents, if any, next due, plus the premiums that will next become due and payable
<br />on policies mortgaged fire and other hoard insurance covering the mortgaged property, Plus taxes and assessments next
<br />by on the er of Pmptnsy fill ar ealimored by the Marrgogee) less all sums already paid therefor divided
<br />by the number of months to elttPae before ate month Prior to the date when such ground rents, premiums,
<br />taxes And t6 win become
<br />tielingmant such sums to be held b Mortgagee in to pay said ground
<br />�* (b) f�Y�nk Premiums, tattra rood aprejal ts; turd Y
<br />I m the two preceding subsections of this
<br />the secured he y be added together' - and the Purdtgr ®Im and at payments to be made under
<br />Mortgagor eacht °month in • payment to be aggMortg amount thereof shall be paid by the
<br />set forth: applied by the Mortgagee to the following items in the order
<br />A)
<br />pound ran"- taaift, ts, fire and other
<br />t3 04 the we hazard insurance premiums;
<br />). of the secured, hereby; SA end
<br />� in the aat of �� h note.
<br />Putt to the due dtue of the next aggrWe monthly Payment shall, unless made good by the
<br />T �Y collect a "hate payment, constitute an event of default under this mortgage.
<br />more the flrken IS charge" riot co exceed four cents (4t) for each dollar (SI) of each payment
<br />( )days in arrears to cover the extra expense involved in handling delinquent payments.
<br />3. That if the total of the Payments made by the Mortgagor
<br />amostiff
<br />of Payments 80UA Y made by the Mort ent under An of paragraph 2 insurance shall exceed the
<br />sublifill!'"i"t Payments OW .bc, excess. it the loner is currents at the ground rents, taxes and Assessments , shall be r ned by premiums, ee the
<br />to be made by the Mort gagor, ur refunded to the M Mortgagor, shall be credited by the Mortgagee on
<br />b' the under (a) of paragraph 2 ortgagor. If. however, the monthly Payments made
<br />as the case ma
<br />preceding Shan not be sufficient to PRY ground real, taxes and
<br />y be, when the Sartre Shan become due and payable, then the assessments he
<br />t to make up the deficiency . an or before the date when Mortgagor shall pay to the any Moffffilfac
<br />taxeu, s of insurance Premiums sham be due. If at any time the M Payment of such
<br />accordance with the ground rents.
<br />Of the trace cured hereby, full Payment of the entire indebtedness represented the Mortgagee, in
<br />Mortgagee • to ct�mPns' (hr amount of such indebaainess. credit to the account of the Mortgagor
<br />thereby, the
<br />any balance remain"
<br />is the fins rccamnated ender the
<br />u r any of the of ib Provisions of (a) of paragraph 2 hereof. If there shall be a default
<br />require the PAY reatmng in a public sae of the premises covered hereby. dx it the Mortgagee
<br />alter defruEt. the Mortgagee Shan apply, at the time of the commencement of such
<br />Proceedings. a at the t� the property is otherwise acquired, d, the balance then remaining in the funds accumulated under (a)
<br />Of irgagrapa. m a ageless the amount of principal then remaining unpaid under
<br />g Theo the win lmY rents. taxes, said note.
<br />. limas, rt ' bur ts, water rates, and other governmental or municipal
<br />chaff Pry the : and that the 'i has not been made herembefore, and in default thereof the Mortgagee ma
<br />s 71te wilt premaptty cleaver the official receipts therefor to the Mortgagee. y
<br />wan fay an taxes which may be levied u
<br />Improvements. end enyY be tl tx9tt the Mortgagee's interest in said real estate and
<br />W by law tl or the debt secured hereby (but only to the extent that such is
<br />or Fetdcrm, to tbe extent that such will not make this loan usurious), but excluding any income tax, State
<br />and wU Me the official recegpt showing slob
<br />violation
<br />Of this 'r' . or if the Mort - Payment with the Mort
<br />ur �Y pat of the at ed by any law now or hereafter existing from na' Upon
<br />of taxes. ur upon the rendering of any court decree Paying the whole
<br />at R*W Y tie retie, nr if such law or that any amount n9 prohibiting the payment by the Mortgagor
<br />F*qukft the �' the have the c to gave nines paid by the Mortgagor shall be credited on the
<br />gs, of the t g Y days' written notice to the owner of the mom
<br />at 'be 04*11tiort of d de3rt. !f such mat e be given. the said debt shall become due, Payable gaanndidcollectible
<br />6- That Y days.
<br />rf fad to Pay Any seta or keep any revertant provided for in this Mortgage, then the Mortgagee, at its
<br />option' �Y i�Y ur peferrm the sarrrc, ) an expeyediturea so
<br />ouse- be hereby. made shall be added to the principal sum owing on the about
<br />7. Then interest the rase act forth n the said note. until Paid
<br />all suffis .
<br />armed herby i . ttans&rs and s over to the Mangag C. to be a
<br />said note, hereby n sass of a default in the performance of any of the terms and conditions ward the payment of the note and
<br />Akbt*dftu an the Hats, and income to be derived from the wort of this Mortgage or the
<br />Purpose of than re "Ram ' and the ` shall have power to a premise, during such time as the mortgage
<br />repxirini »l and of rend the appoint any agent or agents it may desire for the
<br />Of SAW all of .. � same and collecting the rents, revenues
<br />and income. and it seta
<br />managing out
<br />Said WAMSW indebtedness. the same and of eealpecteng rentals therefrom; the commissions and expanses incurred in renting yand
<br />e remaining, if any, to be applied toward the discharge of
<br />g, Thu he will keep the -apes is now existing
<br />r fry tau to taste by the Ion tx hereafter crated on the mortgaged property. insured as may be
<br />for such Periods a may be requires by �by ore and other harards, casualties and contingencies in such
<br />for Payment of which bra not i and win Pay promptly. when due. any Premiums on such
<br />Sps by the rt free And the Policies and renewals thereof shah bef urheld by thewMat elan be carried ac companies
<br />and in form saga aced have attached thereto of "like by to the who may Acceptable to the
<br />oss if not in event of loss Mortgagor will give immediate
<br />the - mf berlmy authargaed and directed to make a Promptly by Mortgagor, and each insurance
<br />praymerrt far such pas directly to the Mortgagee instead of to
<br />he t® the r jopntty, and the ntaurance proceeds' or any part thereof, may be aPPIW by the Mortgagee
<br />edaetiem of the ink proceeds'
<br />secured or to the restoration or re
<br />ht,as�t of of this meet Pair of the property
<br />the btreby, A rte♦ title ub later ofranshef f titre to the mortgaged property in extinguishment of
<br />Pam to err palates. Mortgagor on and to any insurance policies then in force
<br />!. M ..security for cite
<br />( the to geYmett of the note described, and all sums to become due under
<br />1 MilartOW OWK Any and an ud and Sm lasalf On t� trolNs. revenues, royalties, rights and beftlits accruing to said as try before as &fast' dalauh i t ' with the right to receive and receipt for the same and
<br />i d for and
<br />condithorts of this mortgage, and the Mortgagee may
<br />le to ✓ upon when due t .a but span not be required so to do. This assignment
<br />T1sw1, �
<br />UP" OW4 buildirigs * s tam upon � Pretm m good repair, and neither commit nor permit waste
<br />d'1• if ro be for any Unlawful
<br />POW a*, . the or part'thereer, be e
<br />awa+ . the proc"'" for tots take under 'be Power of comment domain, ar acquired tot a
<br />the' aaaownr Of this "O" he of, ox the rcrnsidcrat"m for such acquisition, to the exleill of
<br />*MWVAod the to the tit and the Hate wh hit is given to Wure remaining unpaid, are here
<br />afta"M by by
<br />of the ' and Khan be paid forthwith to said Mtxt
<br />ew#* inn s of .Wh ttadp 119 he applitYl by PtpC lattM [lit
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