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Trlte In ~ saw My Ian of y of E 1. Tka he will pay the redness. as hereinlvlofe provided Privitellse is reserved to pay the debt its whole of in part on any installment due date. 2. That, together with, mil in addition to, the monthly of priincirpal end Worm paysible under the tam of the am Wourvil , the Mortgagor will pay to the Mort on the first day of each movab until the said bore is fully p&A flta f (a) Arianism sufficulim to provide the holder hereof with funds to pay the astir raort,&W imurance premium if this instrument and the note wurtiA hereby air insured, err a monthly charge fin Nout of a arnsirejage intarmsce premium) if they are held by the aetary of Housing and Urban Pev t, as follows; (1) If and so keg as said none of even date and this in- stricasmut insured or we reinsured under the provisions of the Noticing Housing Act, an amount sufficient to accumulate in the of the one (1) month prior to its due date the an- nual mortgatte ussurance premium in order to provide such holder with funds to pay such premium to the Secretary of Mousing and Urban Development pursuant to the Natkmal Housing Act, as and applicable Rrgutattons thereunder; or (11) If and to long as said note of even date and this in strummut arc held by the Secretary of Housing and Urban a monthly charge (in lieu of a mortgage insurance which shall be in an amount equal to one-twelfth 0 r12) of am —half (1 %2) per centum of the average outstanding balmace due on the itcut computed without taking into account definquencies or fif ts; (b) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of tits sussl Ater hazard insurance covering the mortgaged property, taxes and assessments next die on the mortgaged property fail as estimated by rise ) less all sums already paid tefor divided by the number of months to elapse before one (1) momb prior to the date when such ground rents. premiums, tam and issilessments will become delinquent. such sums to be held by Mortgagive in trust to pay said ground rents. premiums. twits and spectal assinaminns; and (c) AM payments mentioned in the two pimeding subsections of this partagraph and all payments to he madc under the note allowed hereby shall be added together, and the aggregate amount thereof shall be paid by the Mon~ each month in a single payment to be applied by the Mortgagee to the following items in the order fair forth; (III) interest on the Wore secured hereby; (IV) amortimian of the principal of said note; and lV) tare charges. Amy deficiency in the amount of such aggreple monthly pay• unless by the Mortgagor prior to the due datur of the next such payment, constitute an event of default issider this moridiage. The MMSAW may collect a "tale charge Rot to exceed four cents (44) for each dollar ($I) of each pay- merit more than fifteen (IS) days in arrears to (river the extra a%- involved its handling dtiingll payments. i. That the Mortgagor will pay ground rents, taxes, assessments, water rates, and other governmental or municipal charges, fines, or impositions, for which provision has not bcrn made herembefore, and in default thereof the Mortgagee may pay the same; and that the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee. S. The Mortgagor will pay all taxes which may be levied upon the Mortgagee's interest in said real estate and improvements, and which may be levied upon this mortgage or the debt secured hereby (but only to the extent that such is not prohibited by law and only to the extent that such will not snake this loan usurious), but excluding any income tax, State or Federal, im- posed on Mortgagee, and will file 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 tiny portion of the aforesaid taxes, or upon the rendering of any court da.ree 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 he given, the said debt shall become due, payable and collectible at the expiration of said ninety days. h. "Chat should the Mortgagor fail to pay any sum or keep any covenant provided for to this mortgage, then the M. aartg , at its option, may pay or perform the same, And all expenditures sea Pap 2ot4 A 10 A W