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F 87- 103138 The Mortgagor is order more fully to protect the security of ment more than fifteen (15) days in arrears to cover the extra ex- dds Morl", agrees: Pense involved in handling delinquent payments. 1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole or in part on any installment due date. 3. Th It( the total of the payments made by the Mortgagor under>(If 0 paragraph 2 preceding shall exceed the amount of Payments actually made by the Mortgagee for ground rent, taxes 2. That, together with, and in addition to, the month) and assessments or insurance premiums, as the case may be, such Payments of principal and intern[ Y excess, if the loan is current, at the option of the Mortgagor, Payable under the terms of the shall be credited by the Mortgagee on subsequent payment to be note secured hereby, the Mortgagor will pay to the Mortgages, made by the Mortgagor, or refunded to the Mortgagor. if, on the first day of each month until the said note is fully paid, hots(e�fr, the monthly payments made by the Mortgagor under the following sums: *of paragraph 2 precedin; shall not be sufficient to pay X ground rents, taxes and assessments or insurance premiums, as ybitit)litiiiiili)(XXX the case may be, when the same shall become due and payable. X then the Mortgagor shall pay to the Mortgagee any amount XX necessary to make up the deficiency, on or before the date when M XXX Payment of such ground rent, taxes, assessments, or insurance premiums shall be due. if at any time the Mortgagor shall tender � � ItX�Kff711 MIIII1F)®W(XXX to the Mortgagee, in accordance with the provisions of the note NVASUNINIANK KZ� XMKX secured hereby, full payment of the entire indebtedness � MMxMAUNKINUX Uf U represented thereby, the Mortgagee shall, in computing the IiYtiriXXXX amount of such indebtedness, credit to the account of the Mort- INA!%! 6( 1hMfiJ (A9I)FM7PA71�9fXllfl�)�A�1lf1FR Bagor i 7�C17 700tlINlIXaO (1g0t�pggl>1Jt1t�711Adt g � ublio Xl uXXXxx XII�a9atlrougtX�AcllIilx oeutX�adc RnX X%V#AIkiVi Y &XXXXXX balancee emaining in the fundss accum t t provisions fU!!(!E)c�A1fXtXhfXXX of t?69 oYparagraph 2 hereof. If there shall be a default under any 1ME*%M7NiUl *kkk xxxxXXX y of the provisions of this mortgage resulting in a public sale : iOUligtNpKXMX1 (�I(iQlgfl�gtXM>pt�X of the premises covered hereby, or if the Mortgagee acquires the U� "WW "YO lXgilttNiW>nBtXXXXX Property otherwise after default, the Mortgagee shall apply, at Raw- Mjjt��XX the time the commencement such proceedings, or at the �tX XXX time the property is otherwise acquired, the balance then remain- ing in the funds accumulated ur I of paragraph 2 preceding, a WA sum as a credit against the amount of prirci remaining unpaid equal to the ground rents, if any, next due, plus the under said note,st th(g)am Premiums that will next become due and payable on policies of >tMgy7�irt[ytJlt%%7ityf�ryq�Xgg )NIkIt�XX fire and other hazard insurance covering the mortgaged property, �K =' Plus taxes and assessments next due on the mortgaged property 4. That the Mortgagor will a (all as estimated by the Mortgagee) less all sums &tread assessments, e pay ground rents, taxes, therefor divided by the number of months to elapse before one charges fines, or impositions, rates, and other governmental ors municipal ee (1) month Prior to the date when such ground rents, premiums, made hereinbefore, idefault hereof the tMortga not been taxes and assessments will become delinquent, such sums to be gagee may held by Mortgagee in trust to pay said ground rents, premiums, official receipts therefor [tto he Morrtgagee. Promptly deliver the taxes and special assessments; and b lilq(AII payments mentioned in the two preceding subsections 5. The Mortgagor will pay all taxes which may be levied upon of this paragraph and all payments to be made under the note the Mortgagee's interest in said real estate and improvements, secured hereby shall be added together, and the aggregate amount and which may be levied upon this mortgage or the debt secured thereof shall be paid by the Mortgagor each month in a single hereby (but only to the extent that such is not prohibited by law Payment to be applied by the Mortgagee to the following items in and only to the extent that such will not make this loan the order set forth: usurious), but excluding any income tax, State or Federal, im- posed on Mortgagee, and will rile the official receipt showing such payment with the Mortgagee. Upon violation of this under- taking, or if the Mortgagor is prohibited by any law now or hereafter existing from paying the whole or any portion of the aforesaid taxes, or upon the rendering of any court decree pro- hibiting the payment by the Mortgagor of any such taxes, or if such law or decree provides that any amount so paid by the Mortgagor shall be credited on the mortgage debt, the Mortgagee shall have the right to give ninety days' written notice to the owner of the mortgaged premises, requiring the payment of the mortgage debt. If such notice be given, the said debt shall become due, payable and collectible at the expiration of said ninety days. XxNli l)( 1g (iD�IU{UIIOdt��Rl�k h xxx XNIW XItKXRI111tilIX ( I ) X N) ground rents, taxes, assessments, fire and other hazard insurance premiums: (II) XXXx interest on the note secured hereby; (III )Ajyk amortization of the principal of said note; and (IV)X)& late charges. Any deficiency in the amount of such aggregate monthly pay. ment shall, unless made good by the Mortgagor prior to th% due date of the next such payment, constitute an event of default under this mortgage. The Mortgagee may collect a "late charge" not to exceed four cents (4s) for each dollar ($I) of each pay 6. That should the Mortgagor fail to pay any sum or keep any covenant provided for in this mortgage, then the Mortgagee, at its option, may pay or perform the same, and all expenditures so Page 2 of 4 a W C1