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r r- 86- 100759 ` :OljfKftttlmixrlCilt01Y�IXX $kmdxR>Rtt¢agovttxaam=3ixxx (Kkxxxikttm km jglm m X x _ l�I�ijt�uta4totftl tttauf>dut xXXXXXXXXXXXXX (a)** A sum equal to the ground rents, if any, next due, plus the plenums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, phis taxes and assessments next due on the mortgaged property (all as estimated hi, the ,Norrgggerl less all sums already paid therefor divided by lire nullifier of months to elapse before one month prior to cite date Alien such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pre- miums, taxes and special assessments-. and (bAW All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shalt be added tar ;'ether, and the aggregaw amount thereof shall be paid by the Mortgagor each month in a single payment to be applied by the Mortgagee to the following items in the order set forth: ("XXXX 7iJpFrxt t3it1481W5xRitN><ii�Irif�U J�FrX?F�7FYt4%114K24iixx ixXKKNI JC *k7C itjlXXXK"XKXWCXlWt7ttl*"XXXXXXxx ( I ) 1m(X ground rents, taxes, assessments, fire snit other hazard insurance preinuit : (II) J interest on the note secured hereby: and (III) amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the Mort gagor prior to the 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 Im:r cents (4v) fur each dollar (Sl) of each payment mare than fifteen (IS) clays in arrears to cover the extra expense involved in handling delinquent payments. S. That if tire total of the payments made by the Mortgagorunder,49tof paragraph 2 preceding shall exceed the amount of payments actualh made by the Mortgagee for around rents, taxes and assessments or insurance pre- miums, as the case may be, such excess, if the loan is current, at the option of the Mortgagor, shall be credited by the Mortgagee on -subsequent payments to bet made by the Mortgagor, or refunded to the Mortgagor. If, however. the monthly payments made by the Mortgagor under dtbp of paragraph ? preceding shall not be sufficient to pay ground rent, taxes and assessments or insurance premiums, as the case may be. when the same shall become due and pay - able. then the ylortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when payment of such ground rents, taxe -,, as,essments or insurance premiums shall be due- If at arri. time the Mortgagor shall tender to the Mortgagee, in accordance with the provi -ions of the note secured hereby. full payment of the entire Indebtedness represented thereby, Lite Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the Mortgagor :*bgupwmoC xxxii[ xmnigKlfKXpl7QXja "Xicltbtkiixl(]p1pJtmnwki xk+mtak 4P AKMXXK)bMmmstroda toun 011111 ticxiotxelFxtabC6tsoonittptxx�tttyrjetmcY .11nmckgttamarx xtpdcany balance remaining in the fund accumulated under the provisions of 01 of paragraph 2 hereof. If there shall be a default under any of the prostsions of this mortgage resulting in a public sale of the premise= covered hereby, or if the Mortgagee acquires the propem otherwise after default, the Mortgagee shall apply, at the lime of the commencement of such proceeding or at the lime the property is otherwise acquired, (he balance then remain- ing in the funds accumulated under t of paragraph 2 preceding, is a credal iiainst On, amount of principal then remaining unpaid under said note, aX#" xMxptx potiyc- dYxltrutx*x=mllxxftxkxt xkA m x) meMxxxk miCxkxxxkx xkytxxxx 4- That the Mortgagor will pay ground rents. taxes. assessment,, water rtes, and other governmental or municipal g�z charges. fines, or impositions. for which provision has not been made hereinhefore, and in default thereof the Mortgagee ntay pay the same: and that the Mortgagor will promptly deliver the official receipt, therefor to the Mortgagee. i. The Mortgagor will pay all taxes which may he levied upon the Mortgagee's interest in said real estate and improve- ments, and which may he levied upon this mortgage or the debt secured hereby thut only to the extent that such is not prohibit- ed by law and only to the extent that such will not make this loan usurious)" but excluding anv income tax. State or Federal. imposed 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 any portion of the afore- said taxes. or upon the rendering of any court decree prohibiting the payment by the Mortgagor or any such taxes. or if such law or decree provides that any amount st paid by the Mortgagor shall he credited on the mortgage debt. the Mortgagee shall hay 'e 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. payahle and collectible at the expiration Of said ninety day,. 6. That should he fail to pay any sum or keep anycovenant provided for in this Mortgage, then the Mortgagee. at its op- tion, may pay or perform the same, and all expenditures so made shall he added to the principal sum owing on the above note" shall he secured hereby, and shall bear 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 case of it default in the performance of any of the terms and conditions of this Mortgage nr the said note, all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage indebted- ness shall remain unpaid: and the Mortgagee shall have power to appoint any agent or agent, it may desire for the purpose of repairing said premises and of renting the same and collecting the rents, revenues and income. and it may pay out of said in- comes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining, if any, to he applied toward the discharge of said mortgage indebtedness. g. That he will keep the improvements now existing o, hereafter erected on the mortgaged property. insured as may he required from time to time by the Mortgagee against loss by fire and other hazards, casualties and contingencies to such amounts and for such periods as may be required by the Mortgagee and will pay promptly, when due. any premiums on such insurance provision for payment of which has not been made hereinbcfore. All insurance shall he carried in companies ap- proved by the Mortgagee ,nd the policies and renewals thereof shall he held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mortgagee, who may make proof of loss if not made promptly by Mortgagor. and each insurance company con- cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee joi.itly, and the insurance proceeds, or any part thereof, may be applied by the Mortgagee at its option either to the reduction of the indehtednes, hereby secured nr to the restoration or repair of the property damaged, ht evert of ftocclo- sure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedss ne sccnred herehv, all right. title and interest of the Mortgagor in and nr any insurance policies then in force shall pa,s w the purchaser or granter 9. That as additional and collateral security for the payment of the note described, and all sum, to healmc due under this mortgage. the Mortgagor hereby assigns to the Mortgagee all protts. revenues. royalties. rights and heaelils accruing to the t+ Mortgagor under any and all oil ;trot gas leases in said premise,. with the right to receive and !'ek:ctpt for the ,aline .11141 apl>I} ip them to said indebtedness as Weil before a, after default in the condition—d this nmrty rc. and the Mortgagee may demand, sure 4t? for and rei:ovei any such payrienh tribes doe and paya l,ie. but ,hail net he reyuues! s. ,o do I hi, sssit;11mcnt is to tcnum atc anef become nail ;ind ,rid mion ta!easc ,>f chi, mortgage.