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A IN a 81, 105734 (a) A teen equall to the ground rents, N any, next due, plus the premiums that win next become due and payable on pogcias of fxe and other haatud Insureno v cornering the mortgaged property, plus loxes and assessments next due on the mortgaged property (ail cis estimated by the Mortffirgeo) Was all sums already paid therefor divided by the number of months to elopes before ons (1) month pda to the dots when ouch pound rents, pramlume. taxes and seseastimts will become delinquent, such sums to be hold by Mort gages in Must to pay sand ground rants, pramiums, texas and special assessments: and (b) AN payments mentioned In the two preceding subsections of this paragraph and an payments to be made under the note secured hereby shag be added I*Whlw, and the aggregate amount thereof shag be paid by the Mortgagor each month In a single payment to be applied by the Mortgagee to the following Noma In the ruder ant forth: p) ground rants, Mutes, aaseasrrarNs, Are and other hazard Insurance premiums: (►) Interest on the note secured hereby; and (Ng anorttsatbn of the principal of sad note. Any deficiency in the amount of such aggregate monthly payments shag, unless made good by the Mortgagor prior to the due date of the next such payment, constitute an wart of default under this mortgage. The Mortgagee may collect a "Into charge' not to ey cad lour cents (4c) for each dollar (1111) of each payment more than "am (18) days In arrears, to cover the extra expense Involved in handling deInrgxont payments. y. That N the total of the payments made by the Mortgagor under (a) of paiagtoph 2 preceding shag exceed the amount of the payments actually made by the Meng"" for ground rents, taxes and assessments or Insurance premiums, as the case may be. such excess, if the bur Is cement, of the option of the Mortgagor, shag be credited by the Mortgagee on subsequent payments to be made by the Mortgagor. or rakxrded to the Mortgagor. N, however, the monthly payments made by the Mri1q,9w inter (a) of paragraph 2 preceding shag not be to pay ground rent, taxes and assessments or Insurance premiums, as the case may be, when the same shag become due and payable. then the Mortgagor shag pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when pay - merit of such ground rents, taxes, assessments or Ixaurace premiums shag be due. it at any time the Mortgagor shag tender to the Morigs gee, In accordance with the provisions of the note secured hereby, fug payment of the endie indebtedness represented thereby, the Mortgi gee shag. In computing the amount of such indebtedness, ciedh to the account of the Mortgagor, any balance fem�ining in the lunds acau mutated under the provisions of (a) of paragraph 2 hereof If there shag be o default under any of the provisions of this mortgage ra;uninrl In a public sale of the premises covered hereby, or g the Mortgagee acquiro� file property otherwise after defautl, the Morlgagcc shag apply, at the tine of the commencement of such proceedings, or at the time the property is otherwise acquired. the balance then rerrmininri In the hinds accumuiated under (a) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under slid note. 4. That the Mortgagor will pay all ground rents, taxes and assessments, water rates, and other governmental or municipal rharges, fine rr Impositions, for which provision has not been made hereinbefore, and in default thereof the Mortgagee may pay the same; and that the Mn•r gagor will promptly degnru the official receipts therefor to the Mortgagee. 5. The Mortgagor win pay all taxes which may be levied upon the Mortgagee's Interest in said real estate and Improvement,, vehirh may he levied upon this mortgage or the debt secured hereby (but only to The extent that such Is not prohibited by low and only to the eArml trial such will not make this ban usurious), but excluding any income tax. State or Federal, Imposed on Mortgagee, and will file the official tere +p, showing such payment with the Mortgagee. Upon violation of this undertaking, or N the Mortgagor is prohibited by any law now or hereane• existing from paying the whole or any portion of the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgagor of any such taxes, or N such law or decree provides that any amount so paid by the Mortgagor shag be credited on the mortgage debt, the Mortgagee shall have the right to give ninety (90) days' written notice to the owner of the mortgaged premises. requiring the payment of the mortgage debt. N such notice be given, the sold debt shag become due, payable and collectible at the expiation of said ninety (90) days. 6. That should he fall 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 an expenditures so made shag be added to the principal sum owing on the above note. shall be secured hereby, and shag bow interest at the rate set forth In the said note, until paid. 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 hereby In use of a default In the performance of any of the terms and conditions of this Mortgage or the said note. all the rents, revenues and Income to be derived from the mortgaged premises during such time as the mortgage indebtedness shag remain unpaid: and the Mort, gages shag have power to appoint any agent or agents N may desire for the purpose of repairing sold premises and of renting the some and collecting the rents, revenues and income, and it may pay out of said incomes an expenses of repairing sold premises and necessary com- missions and expenses Incurred In renting and managing the same and of collecting rentals therefrom; the balance remaining, N any, to be applied toward the discharge of sold mortgage Indebtedness. S. Thal he win keep the Improvements now existing or hereafter erected on the mortgaged property, Insured as may be required from tine 1^ line by the Mortgagee against loss by Ike and other hazards, casualties and contingencies In such amounts and for such periods as may bo required by the Mortgagee and will pay promptly, when due, any premiums on such insurance provision for payment of which has not been math hereinbefors. AN Insurance shelf be carried In companies approved by the Mortgagee and the policies and renewals thereof shag be held by the Mortgagee and have attached thereto loss payable clauses in favor of end In form acceptable to the Mortgagee. In event of loss Mortgagor win give immediate notice by mall to the Mortgagee, who may make proof of loss N not made promptly by Mortgagor, and each Insurance company concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee Instead of to the Mortgagor and the Mortgagee )olntly, and the Insurance proceeds, or any part thereof, may be applied by the Mortgagee at its oplior either to the reduction of the Indebtedness hereby secured, or to the restoration or repair of the property damaged. M the event of fore- closure of this mortgage or other transfer of this to the mortgaged property In extinguishment of the Indebtedness secured hereby, on right. We and Interest of the Mortgagor In and to any Insurance policies then in force shag pass to the purchaser or grantee. 9. That as additional and collateral security for the payment of the note described, and all sums to become due under this mortgage. the Mortgagor hereby assigns to the Mortgagee an profits, revenues, royalties, rights and benefits accruing to the Mortgagor under any and all c and gas leases on said promises, with the right to receive and recent for the same and apply them to said indebtedness as well before as after ditAt In the conditions of this mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and pay able, but shag not be requited to do so. This assignment Is to lerminate and become null and void upon release of this mortgage. 10. That the Mortgagor win keep the buildings upon said premises In good repair, and neither commit nor permit waste upon said land. no, suffer the said promises to be used for any unlawful purpose. It. Thal N the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public use. the damag ^s awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the fug amount of Indebtedness upon th!v mortgage and the note which N Is given to secure remaining unpaid, we hereby assigned by the Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgages to be applied by the letter on account of the next maturing Installments of such Indebtedness. ra;nn i 0 1