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3. That N the IOW of the payments made by the Mortgagor under (a) of pw*Wh 2 preceding shelf exceed the wvffd of the payments <br />Actually made by the Mortgages for Wound its, loxes and assessments or insurance premiums, as the me may be, such mom. N the <br />khan Is current. at the option of the Mortgagor, shop be credited by the Mortgages on subsequent payments to be trade by the <br />or minded to the Mortgagor. N, however, the monthly payments made by the Mortgagor under (a) of paragraph 2 preceding sholl rtat be <br />sufficient ha Puny wound rent, tortes and assessments or mouronce premiums, as the case may be, when the tarts shop became due and <br />payable, then the Mortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when pay- <br />ment of such ground rents, faxes, assessments or I nsurece premiums shelf be due. If at any tlm the Mortgagor shall tender to the Mortga, <br />qoo, in accordance with the provisions of the note secured hereby, full payment of the entire Indebtedness represented thereby, the Morige- <br />9se shat, in computing the amount of such Indebtedness, credit to the account of the Mortgagor, any balance remaining in the funds am- <br />mulated under the provisions of (a) of paragraph 2 hereof. If there shah be a default under any of the provisions of this mortgage, resulting <br />In a public eW Of the premises covered hereby, or N the Mortgages acquires the property otherwise after default, the Mortgages shall <br />apply, at the tfre of the commencement of such proceedings, or at the time the property Is otherwise acquired, the bWnce then remaining <br />In the funds accum uigted under (a) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under said <br />note. <br />4. That Be Mortgagor will pay all ground rents, taxes and assessments, water rates, and other governmental or municipal charges, laces, or <br />for which provision has not been made heroktbeiore, and In default thereof the Mortgagee may pay the sane; and that the Mort <br />gogor will promp/lly deliver the official receipts therefor to the Mortgagee. <br />5. The Mortgagor will pay all taxes which may be levied upon the Mortgagee's interest in said real estate and Improvements, which my be <br />levied din 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 <br />such will no make this loaf usurious), but excluding any Income tax, State or Federal, wnposed on Mortgages, and will Me the official receipt <br />showing such payment with the Mortgagee. Upon violation of this undertaking, or N the Mortgagor is prohibited by any law now or hereafter <br />existing from paying the whole or any portion of the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by <br />tine Mortgagor of any such t axes. or N such law or decree provides that any amount so paid by the Mortgagor shall be credited on the <br />mortgage debt. the Mortgages shot have the right to give finely (90) flays' written nom to the owner of the mortgaged premises, requiring <br />the payment of the mortgage debt. N such notice be given. the said debt *fall become due, payable and collectible at the expiration of sold <br />ninety PM do". <br />a. That should he fall to pay any Burn or keep any covenant provided for In this Mortgage, then the Mortgages, at its option, may pay or <br />perform tot same. and all expenditures so made shall be added to the principal sum owing on the above note, shall be secured hereby, and <br />shelf boa Interest at the rate set forth In the said note, until paid. <br />7. That he hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of the note and all sums secured <br />hereby In ease of a defaull in the performance of any of the terms and conditions of this Mortgage or the sold note, all the rents, revenues <br />and income to be derived from the mortgaged praMses during such time as the mortgage Indebtedness shop remain unpaid; and the Mort- <br />gages sloll lave power to appoint any agent or agents N may desks for the purpose of repakkng sold promises and of renting the some and <br />00111001111119 the reins. revenues and Income. and N may pay out of said incomes all expanses of repairing sold premises and necessary com- <br />missions and expenses Incurred In renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be <br />applied toward the dlseh urge of sold mortgage Indebtedness. <br />0. That he will keep the Nrhprovemants now existing or hereafter erected on the mortgaged property, Insured as may be required from time to <br />time by that Mortgagee against loss by Ms and other hazards, casualties and contingencies in such amounts and for such periods as may be <br />required by the Mortgagee and will pay promptly. when due, any premiums on such Insurance provision for payment of which has not been <br />made herainbefors. AN inaaance shelf be carted in companies approved by the Mortgages and the policies and renewals thereof shall be <br />held by tine Mortgagee and have attached thereto loss payable clauses In favor of and In form acceptable to the Mortgagee. in event of <br />W" Morsgagor WE give Innsdiate notice by mail to the Mortgagee, who may mate proof of loss N not made promptly by Mortgagor, and <br />each Instaanee uxlrnpany concerned is hereby s uthodW and direcled to mace payment for such loss directly to the Mortgagee Instead of <br />to the Mortgagor and the Mortgagee jointly, and the Insurance proceeds, of any pat thereof, may be applied by the Mortgages at its option <br />sNfw to the reduction of the Indebtedness hereby secured, or to the restoration or repair of the property damaged. In the event of fore <br />closure Of this mortgage or otter transfer of this to the mortgaged property in extinguishment of the Indebtedness secured hereby. all right, <br />We and Interest of the Mortgagor In and to any Insurance polic lee ten In force shall pass to the purchaser or grantee. <br />9. That as additional and collateral security for the paymen of ins note described, end all sums to become due under this mortgage, the <br />ModpW hereby asoos to the Mortgagee all prows revenues, royalties, rights and benefits accruing to the Mortgagor under any and all oil <br />amt 9se fw" on aagd premises, with the dot to receive and receipt for the same and apply them to said Indebtedness as well before as <br />offer default In the conditions of this mortgage, and the Mortgages may der and, sue for and recover any such payments when clue and pay- <br />able, but OW not be required to do so. This assignment is to terminsle and become null and void upon release of this mortgage. <br />10. That tot Mortgagor WIN kasp ire buildings upon solo promises In good repair, and neither commit nor permit waste upon said land, not <br />sitar the ertid preerlion to be used for any unlawful purpose. <br />11, That N the PWIdM, of aft pat thereof, be condemned urnder the power of eminent domain, or acquired for a public use, the damages <br />swardad, ko proceeds for the ldlfetg old, or the consideration for such acquisition, to the extent of the full amount of Indebtedness upon this <br />moeMaga and the rwM which N is given to seem* nwr*WMg unpaid. we hereby assigned by the Mortgagor to the Mortgages, and shop be <br />I to cud Mortgagee fo be oppied by the lafta orn account ol the nod maturing Installments of such Indebtedness. <br />L <br />.,'; I , r; if1.ae9 Pw 2 of 7 <br />