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<br />87- 103134
<br />The Mortgsgar fu order Marc fully to protect the security of
<br />thb Mtatrtgage, agrtses:
<br />1. That he will pay the indebtedness, as hereinbefore provided
<br />Privilege is reserved to pay the debt in whole or in part on any
<br />installment due date.
<br />ment more than fifteen (15) days in arrears to cover the extra ex-
<br />pense involved in handling delinquent payments.
<br />3. That i( the total of the payments made by the Mortgagor
<br />under bbl ® paragraph 2 preceding shall exceed the amount of
<br />Payments actually made by the Mortgagee for ground rents, taxes
<br />2- That, together with y and assessments or insurance premiums, as the case may be, such
<br />, orb in addition to, the month) 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. If,
<br />on the first day of each month until the said note is fully paid, howd�yyqr the monthly payments made by the Mortgagor under
<br />the following sums: (bt PTIaragraph 2 preceding shall not be sufficient to pay
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<br />lid" bGfMOli(11M10(1fAlY01XX ground rents, taxes and assessments or insurance premiums, as
<br />Xg MANN dW(f auxXx the case may be, when the same shall become due and payable,
<br />��X then the Mortgagor shall pay to the Mort;agee any amount
<br />4 XXXX necessary to make up the deficiency, on or before the date when
<br />X �X_)0WZ1ItIdtXXX payment of such ground rents, taxes, assessments, or insurance
<br />XXXXXA tll� IM7�)til IdR pr the Mortgagee, all be due. If at any time the Mortgagor shall tender
<br />X( XXX in accordance with the provisions of the note
<br />���� secured hereby, full P
<br />X payment of the entire indebtedness
<br />t hXkx represented thereby, the Mortgagee shall, in computing the
<br />l MVtt)UitlfgJt UMMXW )WKXXX amount of such indebtedness, credit to the account of the Mort-
<br />1MIX kX
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<br />wi-ims � any xx 1111011101111111111101110111111111
<br />NMYltMNIGttIIlxxXxXX r arcing in the un s accumu t un er a provisions
<br />XR > lRXXxX of (hXbtparagraph Z hereof. If there shall be a default under
<br />>11X1dpFXX any of the provisions of this mortgage resulting in a public sale
<br />W Ib Id11Q�x 7�d1(If1E7/c WXXXXXXX of the premises covered hereby, or if the Mortgagee acquires the
<br />di MX property otherwise after default, the Mortgagee shall a I at
<br />JINKOYtft)►>ahXXXXXX e apply, g> 111:11111 XXX the time of the commencement of such proceedings, or at the
<br />X ±g i4TIHf>iJEXNtldliijlUlid_XXX time the property is otherwise acquired, the balance then remain -
<br />Ali ing in the funds accumulated unQM) nc of paragraph 2 preceding,
<br />as a credit against the amount of principal then remaining unpaid
<br />a OXXA sum equal to the ground rents, if any, next due, plus the under said note,
<br />premiums that will next become due and payable on policies of 1111 7 lAIlA4( RX9mIfF1fX7ld�I1fX� (RRXx1Qpfilltlllfl(XI"XX
<br />fire and other hazard insurance covering the mortgaged property, bW ousdauaab X0kXtfXpXttX�o Ann. �C
<br />Plus taxes and assessments next due on the mortgaged property
<br />(all as estimated by the Mortgagee) 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 assessmenu will become delinquent, such sums to be
<br />held by Mortgagee in trust to pay said ground rents, premiums,
<br />taxes and special assminents: and
<br />b MW payments mentioned in the two preceding subsections
<br />of this paragraph and all payments to be made under the note
<br />secured hereby shall be added together, and the aggregate amount
<br />thereof shall be paid by the Mortgagor each month in a $ingle
<br />payment to be applied by the Mortgagee to the following items in
<br />the order set forth:
<br />o. 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 />5. 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 />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 />�t�h such payment with the Mortgagee. Upon violation of this under -
<br />(g XXXX taking, or if the Mortgagor is prohibited by any law now or
<br />�l 7�A(01111% fMP)(X hereafter existing from paying the whole or any portion of the
<br />aforesaid taxes, or upon the rendering of any court decree pro -
<br />(( hsL )) ground rents, taxes, assessments, fire and other hazard hibiting the payment by the Mortgagor of any such taxes, or if
<br />ir � ancepremiums; such taw or decree provides that any amount so paid by the
<br />rte interest on the note secured
<br />hereby; Mortgagor shall be credited on the mortgage debt, the Mortgagee
<br />(I I) �tX111tyY1� y; shall have the right to give ninety days' written notice to the
<br />( I 1 1)z7M amortization of the principal of said note; and 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 />( IV) Xtyj late charges.
<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 "late charge"
<br />not to exceed four cents (4t) for each dollar (S I) of each pay-
<br />6. That should the Mortgagor fail to pay anv 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 a
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