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(3t he 86-401598 xiaxnxxxxx d ,•a)Jt*X A sum equal to the ground rents, if any, next due, plus-The premiums that will next become due and payable on policies of fire and other hazard insurance coveting the mortgaged property, plus taxes and assessments next due on the mortgaged property tall as estimated nv the Mortgagee) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to beheld by Mortgagee it. trust it) pas said ground tents. pre- miums. taxes and special assemments:.and (b)E& All payments mentioned in the two preceding subsections of this paragraphi and afl payments to he made under the note secured hereby shall he added together, and the aggregate amount Thereof shall he paid by the Mortgagor each month in a single payment to be applied by the Mortgagee t^ the following items to the order .et forth fti)Kxx rX di— xx (I) 4 ground rents. taxes. assessments. fire and other hazard insurance rrctniums: R I ) till[) interest on the note secured hereby: and II j 6B& amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment sltall, unless made good by the Mort- gagor prior to the due date of the next such payment, constitute an event of default under thistnoripage. The Mortgagee may collect a `gate charge " not to exceed ?our cents (40 for caLh dollar (S1 ) of each payincnt more than fifteen ( (5) days it arrears to cover the extra expense involved in handling delinquent payments. That if the total of the payment,- made by the Mortgagor under±kfiof paragraph _" preceding shall exceed the amount of payments actually made: by the Mortgagee for zround 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 bi the Mortgagee on subsequent payments to be made $y the Mortgagor, or refunded to the Mortgagor. 11. hoaerer_ the monthly payments made by the Mortgagor under of paragraph 2 preceding shalt not tie sufficient to pay ground rent. taxes and assessments or insurance premiums, as the case may he. when the :same :hall become due and par able. then the Mortgagor shall pay to the Mortgagee arry amount necessary to make up the deficiency. on or before the date when payment of such ground rents. taxes, assessment- or in- urance premiums shall be due. If at atn time the Mortgagor -shall tender to the '40171gagee, in accordance with the provisions of the note secured hereb3 . full payment of the entire indebtedness represented therebJ. the Mortgagee shall. in computing* the amount of such indebtedness, credit to the account of the Mortgagor a xuW ant, balance remaining in the funds accumulated under the provisions of , cif paragraph 2 hereof. If there shall be a default under any of the provisions of this mortgage resulting in a public =ale of the premise - cnyervd hereby, or if the Mortgagee acquires the property otherwise after default, the liortgagee ..shall appiv. at the rime ui' the commencement of such proceedings, or at the time the property Is otherwise acquired, the balance then remain- ing in the funds accumulated under At, of paragraph 2 preceding, a, a credit against the amount of principal then t remaining unpaid under said note. and shall properii adjust any payments which .,hall have been made under of paragraph 2, 4. That the Mortgagor will pat ground rents, taxes. assessment,. water rates, and other gaveramentzJ or mumcrf:; charges, fines, or impositions, for which provision has not been made hereinhefore. and in default thereof the Mortgagee ma}' pay the same: and that the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee. 5. The Mortgagor will pay all taxes which may he levied upon the Mortgagee's interest in said real estate and Smprove- ments, and which may he levied upon this mortgage or the debt secured hereby shut 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 an} income tax. State or Federal imposed on Mortgagee. and will file the official receipt showing such payment with the Mortgagee. I pint violation of this under- taking, or if the Mortgagor is prohibited by any law now or hereafter existingfrom paying the whole or ar.} 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 so paid by the Mortgagor shall he credited on the mortgage debt. the Mortgagee ,hall have the right to give ninety days' written notice to the owner of the mortgaged premises. requiring the pa} Trent of the mortgage debt. if such notice be given, the said debt shall become due, payable and collectible at the expiration of said ninei\ day,. 6. That should he fail to pay any sum or keep any covenant provided for in this Mortgage. then the Mortgagee, at it, op- tion, may pay or perform the same, and all expenditures sn made shall he added to the principal sum owing on the ahove 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 a 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 tae derived from the mortgaged premises during such time as the mortgage indehted- ness shall remain unpaid: and the Mortgagee shall have power to appoint am agent or agents it mac desire for the pure one of repairing said premises and of renting the same and collecting the rents. revenues and income. and it mat% par out of said in- comes all expensies 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 low aid the discharge of said mortgage indebtedness. S. That he will keen the improvements now existing or hereafter erected on the mortgaged properi) , insured as may be 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 muy he required by the Mortgagee and wilt pay promptly, when due. am premiums on such insurance provision for payment of which has not been made hereinhefore All insurance shall he carried in companies ap- proved by the Mortgagee and the policies and renewals theieol shall he held hr the Mortgagee and havr attached thereto lass payable clauses in favor of and in form acceptable to the Mortgagee In event of loss Mortgagor will gne immediate nonce ht mail to the Mortgagee, who may make proof of hiss if not made promptly by Mortgagor, arid each insurance cornpam con- cerned is berehy authorized and directrd to make pigment for such loss dircctlt to the Mortgagee instead of la, the Mortgagot and the Mortgagee jointly. and the insurance proceeds. or any part thereof. mag he applied ht the Mortgagee at its option either ` Ili the reduction of the indebtedness hereh> secured or to the restoration or repast of the propertt damaged. In et eat of lot CC h0- sure of this mortgage or other transfer of title in the mortgaged propene in extinguishment of the incivi ic•dnco secured hc•rrht all light. title and interest of the Mmigagoi in and tit ;any insurance policies then lit force shall pass Ia the pug: has. ; itre;nrc 4, That as additional and udhnrral Nei illIts far the parvIncur of the mate described. anti all sung to hrromr tutx- unsex I!n� mortgage, the Morigagot hereb> a sign, it, thr Mortgagee .all profits, rcvrnuc•s. tntlrltrts. rrghl, and ',cnrtit a.Crtlina to lilt' Mortgagor tinder any and all soli arid gas Icascs on ,aid prrtntst•s. wtth rhr right It, ICtt'Itr .gin t;,girt h�i ir�t „ t i. anti :rprh IbcmY to ;aid rrtelehtcdne- a... well I.elorr ;:r, aftca uetautlt tit till rondttum, t,I liar, ..,nr iht 11nru u.c.. n;:•.t ,u ..�. •tit Ito and rvco�vi am ,rt,:,h pat nntrit, glue �:nd ne+vahle- hui .,lull not hr -rt)tm iIc jilt) he:orm nu(i ailil'-d ur;<,n re V,. ..I till, n ... rlCaue