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I, r � i r •• i� i� t 1] i .. 1 �� 1 1 / r i 1 ,• t.' 1 �' t i p � � � !t (a) *$ 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 covering the mortgaged property, plus taxes and assessments next due on the mortgaged property toll as estimated by the MurtKageo less all sums already paid therefor divided by the number of months to elapse before tine month prior to the date when such ground rents, prenifmns, taxes and assessments will become delinquent, such sums to he held by Mortgagee in trust to pay said ground rents, pre - mtums, taxes and special assessments; and (b) W All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shall he added together. and the aggregate amount thereol'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: (1) ground rents, taxes, assessments, fire and other hazard insurance premiums; { 11) interest on the note secured hereby; and (111) 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 (late of the next such payment. coustitute an event ill' default under this mortgage. The Mortgagee stay collect a "late charge" not to exceed tiro cents (dy) fur each dollar (`51) of'each pay:nc•n` more than fifteen 0 5) days it micars to cover the extra expense involved in handling delinquent payments. That if the total of the payments made by the Mortgagor under f$fof paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee for .round rents, taxes and assessments or insurance pre- miums, w1, the case may he, 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 %lortgagor, or refunded to the Mortgagor. If, however, the monthly payments made by the Mortgagor under 661 of paragraph ? preceding shall not be sufficient to pay ground rent, taxes and assessments or insurance premiums, as the case may tic. when the same shall become due and pay- able, then the Mortgagor .. hall pay to the %lortgagee any amount necessary to make up the deficiency, on or before the date when payment of such ground rents. taxes. ate: essments or insurance premiums shall be due. 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 indebiedne, represented therelly, the Mortgagee :Aiall, in computing the amount of such indebtedness, credit to the account of the Mortgagor Wd any balance remaining in the fund= accumulated under the provisions of X,)W paragraph 3 hereof. If there shall be a default under any of the provi =ions of this mortgage resulting in a public sale of file premises covered hereby, or if the Morik_agee acquires the )(,rt% otherwise after default, the llortgageo shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then remain- ing in the funds accumulates) under (k Pk paragraph ? preceding, as it credit against the amount of principal then remaining unpaid under said note. 01091KJOVEM 3. Chat the Mortgagor will pay ground rent,- 'axe,, assevsmeills. water rates. and other governmental or municipal charges. fine,. or imposition,. for which provision has not been made hereinhefore, and in default thereof the Mortgagee may pay the same: and that the Mortgagor will promptly deliver the official receipt, therefor to the Mortgagee. 5. 'The Mortgagor will pay all tare, which ma% he levied upon the Mortgagee', interest in said real estate and irnpr.we- mems. and which may tx+ levied upon this mortgage or the debt secured hereby fhut only to the extent that such is not prohibit- ed by law and only to the extent that vudl will not make tilt, Loan a urioust. but excluding any income tax. State or Federal. imposed on Mortgagee, and will fife the Alicial receipt showing such payment with the Mortgagee. Dpon violation of this under- taking, or if the Mortgagor is prohibited by :rev 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 ,tich law or decree provides that any amount so paid by the Mortgagor shalt he credited tin the mortgage debt, the Mortgagee shall have the right to give ninety day,' written notice to the owner of the mortgaged premises. 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 :rev runt or keep any covenant provided for in this Mortgage, then the Mortgagee, at its op- lion, may pay or perform the same. and Al expenditures so madtt shall he added to the principal Burn owing on the above note. shall he secured hereby, and shall hear interest at the rate set forth in the said note. until paid. 7. That he herehy assigns, transfers and sets over to the Mortgagee. w he applied toward the payment of file 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 4ortgagee 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. revenue, and income. and it may pav out of said in- comes all expenses of repairing said premise, and necessary commissions and expenses incurred to renting ;Intl managing the same and of collecting rental, therefrom; the balance remaining, if any, to be applied tow'eard the discharge it said mortgage indebtedness. K That he will keep the improvements now existing o• hereafter erected on the morgaged propern'. insured as may he required frorn time to time by the Mortgagee against loss by tire and other haurrds, casualties and contingencies in such amounts and for such periods as may he required by the Mortgagee and will pay promptly. when Inc. any premiums on ti,11 insurance provision for payment of which has not been made heretnbefore. All insurance shall he carried in .ompanics ap- proved by the Mortgagee and the policies and renewals thereof shall he held by the %lurtgagee find hake :utached thelelo loss payable clauses in favor of ;rod in forvn acccptahle to the Mortgagee In event of loss %forigagor will give tnlnuediatc notice by mail a, the Mortgagee. who may make proof of loss it not made promptly by Mortgagor. and each insurance conipaok con- cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee ui%tead of to the Mortgagor and the Mortgagee;oiath. and the insurance proceeds, or any pail thereof, may be applied by the Mortgagee ai its option either its the reduction of the indebtedness hereby secured or to the restoration or repair of t he propel Iv damaged In event of I'M VClo store of this mortgage ar other transfer of title to rile morigaged properly tit exfingutstnnc•nt of the mile hied ties s ,enured hei ehy. all right, title ;end interest of the Mortgagor in and to any insurance policies then ht force shall pa„ a, the purchaser ur grantee 4. Thal as additional and collateral %ecm9ty for the payment tit rile note de,x ribed..111.1 Al ,11111, to 1,CCnrlle due under this mo+'igage, the oilettgagor herehy assigns In the Mortgagee Al profit, revenue, niv;;ltics. lights and henetir, Icctuillg hr the Mnr1,Y,iigor antler any and ;ill oll ;Ind It,&- Ica,o nn sand pre.tnise,, with the nghi 1" rcicn: ,old •rcclpt for ihr sans' a110 ❑pple theri to %,ud indebtedrrc,s,ry well hrfoie :is afro default m the condition, �,f tau, nn.rtraivc. ind Ow llurtg,ige e may dcmend. ,u( for and rec -okrr mnv such im %nieents when due and payohte but ,hall ru f ?�r ;r.lul �.,, 1„ ,iii ihr, a„Igq:nem 1, tr, :end fck."Ine nu:) met Bruit ul,.m rite al ,e of tin, mast tNage. i.4 1 M1l 1`i "It pRgygt #i J