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t I mort(h prior to Its due date the annum mnrte.a;;c irsm Alice oteimum in under to pro%ide su"ll holder 86-. 10135' with tends to pa uch prerniun Elie Sc t tlousng and t,rhan Developrtient pnisuant to the National Housing Act. as amended. a.nr .,p hcal ae Regulations thereunder: or (111 if and so long as said note of even (Lite and this instrument :lie held by the Secretary of Housing and Urban fkvelopinent_ a monthly charge i ba lice „ j a nrnrtrage irryurauce prenditin) which shall he tit an r amount ulual to one- tweIIiII (1 -1_') of one -half (11') per ccntunt Of the average outstanding balance fdue on tile note cumpuled without taking into account delinquencies or prepayments: (h) .A sum equal to the ground rents if any, next due. plus tite premiums that will next become due and payable on policies of fire and other hazard insurance covering the rnortga,ed property, plus taxes and assessntenrs next due on the mortgaged property (all as estimated lit, ncc :tiler {4ageei less all sums already paid therefor divided by tire number of months to elapse before one month prior to the date \then such ground rents, prenifunis, taxes a et assessments will become delinquent. such sums to he held by Mortgagee in trust to pay said ground rent,, pre- miums. taxes and special assessments: and (c) All payments mentioned in the two preceding subsections of this paragraph anti all payments to he made under the note secured hereby shall be added tugethcr. and the aggregate• amount thereof shall be paid by tite Mortgagor each month in a single payment to he applied by the Mortgagee to the followine !tents in the order set forth: (I) piemium charges under the contract of insurance whit the Se: retary of Ii ousing, and UInan Ihvelop men I or monthly charge tin lieu )! mortgage insurance prentittnrl. as the case unty lies (11) ground Tents. taxes, assessments. Dire and other hazard insurance prentiunis: (111) interest on the note secured hereby; and (1V) arror!ization of the principal of said note. Any deficiency in the amount of any such aggregate monihhV payntertt shall, unless made good by the Mort- gagor prior to the due date o1' the next such payine, t. constitute an event of default under this aiorlga,c. The Mortgagee may collect a "late charge' not to exc:eetl tier cents (4tt) tin each dollar 1Si ) of each payment more than fifteen (15) Jays it arrears to cover the extra expense involved in handling delinquent payments. 3. That if the total of the payments made by the Mort fiagor under !l,) of paragraph Y preceding ,hall exceed the amount of payments actually made by the 1lortgagee for ground rents, taxes and as;e.s. -ment- ur 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 be made by the Mortgagor. or refunded to the Mortgagor If. however, the monthly payments made by the Mortgagor under (h) of paragraph 3 preceding shall not be sufficient to pa}- ground rent, taxes and assessments or in. urance premiums, as the case may he, when the same shall become clue and pay- able. then the Mortgagor shall pay to the 11ort,gagee any amount necessary to make up the deficiency, on or before the date when payment of such ground rents. taxes, assessments or insurance premiums shall be duc. if at any time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby, full payment of the entire indebtednes.- represented thereby, the Mortgagee shall. in computing the amount of such indebtedness, credit to the account of the Mortgagor all payments made under the provisions of i u) of paragraph _i hereof which the !Mortgagee has not become obligated to pay to the Secretary of Housing and Urban Development and any balance remaining in the funds accumulated under the prov isions of (G) of paragraph 2 hereof. if there shall be a default under any of the pravisins of this mortiItge resulting in a public sale of the premises covered hereby. or if the Mortgagee acquires the property otherwise after default, the Mortgagee .,hall apply. at the time of the commencement of such proceedin-gs, or at the time the pmpert) is otherwise acquired, the balance then remain- ing in the funds accumulated under 04 If paragraph 'L preceding, as a credit against the amount of principal then remaining, unpaid under =aid note, and -hall properly adjust any pa)ments which shall have been made ui :der; r.) of paragraph 3. 4. That the Mortgagor will pay ground rents. taxes. assessments, water rate,, and other governmental or municipal charges, fines, or impositions. fill which provision has not been made hereinbefore, and in default thereof the Mortgagee may pay the same: and that the Mortgagor u ill promptly deliver the official receipts therefor to [tie Mortgagee. 5. The Mortgagor will pay all taxes which may he levied upon the Mortgagee's interest in said real est-.ate and improve- ments-and which may he levied upon this mortgage or the debt secured hereby (hut only ai the extent that such is not prohibit- ed by law and oniv to the extent that such will not make this loan usurious), but excluding any income ta\, State or Federal. imposed on Mortgagee. and will file the official receipt showing such payment with the Mortgagee. Upon violation Of this under - faking. ur 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 cif any court decree prohibiting the payment by the Mortgagor orally such taxes. or if such law or decree provides that any amount so paid by the Mortgagor shall he credited on the mortgage debt. the Mortgagee shall ha%e the right to give ninety days' written notice to the owner of the mortgaged premise,, 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. 6. That should he fail to pay any sum or keep any covenant provided for in this Mortgage, then the Mortgagee. at its op- tion, may pay or perform the same, and all expenditures so made shall be added to the principal sum owing on the above note. shall he secured herehv, and shall bear interest at the rate set forth in the said note, until paid. ?. That he hereby assigns. transfers and sets over to the Mortgagee, to he applied toward the payment of the note and all sums secured hereby in case 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 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 agents 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 our 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 ant- to he applied tou;,rd the discharge of said mortgage indebtedness. R. 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 in such amounts and for such periods as may he required by the Mortgagee :and will pal prornplh. when duc, aril premiums on such insurance provision for payment of which has nut been made hereinhefore. All insurance shall he carried in companies ap- proved by the Mortgagee and the policies and renewals thereof shall he held by the Mortgagee and have attached thereto lo„ payable clauses in favor of and in form accepcahic to the Mortgagee. In event of In,s Mortgagor will give immediate notice by mail to the Mortgagee, who may make proof of loss if not made pronifilh by Mortgagor. mid each insurance conipaunv con- cerned is hereby authorized :md directed to make payment for such loss directly n, the Mortgagee instead of n, the Mortgagor and the Mortgagee jointly. .and the insurance proceeds. or any part thereof Ina\ be applied by the Mortgagee al its option ciffici to the reduction of the indchledness herc•ht secured fir to the restoration or repair of the I•rnpel I y damaged In event of force lu sane of this mortgage or other transfer ,f title to the mortgaged property in extinguishment of the indebtedness suujcd heathy all right, title and interest of the Uortgagoi m and io arty or.uranee polieie, then in force shall pa„ It- the pun h r,er or gT.mte c q. That as additional and coll.ovial sccuntt for the pay mcnt of the note desci ihcd..un! all sum, to hcunnc due node; tin, r mortgage. the Mortgagor hereh\ s ign, w tite Nloflgagec a(i pmfil,, revenue, ioNAtics. right, and benefit, . cnaing I,, the Mi-rtgayor under anq and ;dl ,ill ion! gas lease, stn ,,std rrcmi,c,. a ilh the right to recent and Ie,cipi for the .;tone .ind :ippl% then) to s;ad iodchtednc„ n, v,c!I bcfmc ., .,f Ire ddlaulr m the ..,ndiloni, ul this nn >rlg.igc .will the 31.n tg :,gcr man d0j',,n,!, ,u, for anei re,(,ccr mry ,);,h pw rncnls Nhro;iuc .,nd p:, ai.ic ht:r ,hat! m,1 I,c reynned J'- i!,i..t,vgnmenl i, to Irrnui,.i,c I'd i4-eanrie norll :end .nad $w, -n iclr :a,r ", !in, m,n tit :,wr