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<br />I (2) (b0
<br />(3) (of
<br />A sure equal to the ground rents, if arty; next due, plus the prenliurns that will next become due and payable on
<br />poficics of fire and other hazard insurance covering the mortgaged property. plus taxes and assessments next due
<br />on the mortgaged property (a!l as estimated hr the ,lPirigileve/ less all sums already paid Therefor divided by the
<br />number of months to elapse before one month prior to the date when such yruund rents, prenuunts. taxes and
<br />assessments will become delinquent, such sums hf he held by Mortgagee in trust to pay said ground rents. pre-
<br />miums, taxes and special assessments: and
<br />All payments mentioned in the two preceding subsections al' this Piragraph and all payments to be made under
<br />the note secured herehy shall he added together, and the aggregate milounl thele(A hall be paid by the Mortgagor
<br />each month in a single payment to be applied by the Mortgagee to the following i(ents in the order set Iorth:
<br />Y
<br />(1) (1X1 ground rents. taxes, assessments. fire and other hazard insurance prentiuns;
<br />(11) (ft interest stn the note secured he;ehy: and
<br />(111) JW amortization of the principal of said note.
<br />Any deficiency in the arnount of any Bach aggregate monthly payment shall. unless made good by the Mort-
<br />gagor prior to die due date of the next such pad ttlC + lstitntte an v %elll of defauff under flits mortgage. The
<br />Mortgagee may collect a !ate charge" not to exceed t<,..r cents (4y) !-IT each dollar 151 ) of each payment more
<br />than fifteen (15) otacs in arrears to cover the extra expense involved nl dandling delinquent payments.
<br />:3. 'I'll at if tfie Lit al of the pa)ment.s made by the \lorigator under (k+ o1 paragraph 'S preceding shat I exceed
<br />Ili(- amount of payments actually made by the \kortgagee for -,round rent,. taxi•- and t. - ecsments or insurance pre -
<br />miums. as the case may be. such excess, if the loan is current. at the option of the Mortgagor, shall Ix credited by
<br />the Mortgagee on suh.;equent payments to be made by file Mortgagor, or refunded to the \lortgagor If. how'eyer. the
<br />monthly payments made by the Mortgagor under `144paragraph ' preceding shall not he sufficient to pay ground
<br />rent taxes and asses .menu or insurance premium a= the --e nrav be. when the -ame -hall become due and pay -
<br />able. then the Mortgagor .shall pay to the Mortga e e any amount nit cc : -.san' to male up the deficiency, on or before
<br />the date when payment of such ground rents. taxes, asses: =menus or insurance premiums =hall he due if at any
<br />time the Mortgagor shall tender to the Mortgagee, in accordance with the pro%i.,ion- of the note secured hereby,
<br />full payment of t}le entire indcbtednes- represented thereby, the Stnrtgat ee =hall, in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor
<br />;tp¢ any
<br />It remaining in the funds accumulated under the pmxl -ions of Ott }tF paragraph _' hereof, if their
<br />shall be a default under any of the proyisirin. of this ntortta�e msulfing in a public =ale of the premises c oshed
<br />herehy, or if tote \ktrfgagce acquire= the properly olhenyise after default, the• Mortsa�ee -hull apple- at 111 (1 lime of
<br />the commencement of such proceeding-a. or ;u the time the property is othenyiso acquired• the balance then remain-
<br />ing* in the fund= aeeumulaI'd under r;Xnf Itarag.vh _r pirceding. as ;t credit :t_ainst the amount of principa{ then
<br />remaining; unpaid under --aid note.
<br />4. That the Mortgagor %till pay ground rent.. saxes. as,e „mint, wile! !eirs, •and other _•ooernmenial or municipal
<br />charges, fines, or imposition,, for trhich pro,%i,ion has nor been nt-ide hcrainhOorc. and in defiiult (hereof the Mortgagee m.n_
<br />pay the sarne: and that the \torlfzagnr %011 promptly dcli%cr the ollici :d re,eipl, therefor to the \lorlgagee.
<br />`. The Mortgagor'Aill pa% ;:It [tie, %,hi t fill,% he !ecied upon the Mi rtgage•e's inrcrr,t m ,a:J real eslcae ;ind improve-
<br />ments, and which may he ie%!ed ape L ihi, w ri aec or the debt secured hcr%f % that -)W% to the Galen; that suJi i, not prohihil-
<br />ed by law and only 10 the extent th;tt ,tllh -Ain deli ffl. ..kc Iflr, k';,n il,llrlr Ri,) hllf gaspludint ant iniUnte laic. Stale or federal,
<br />imposed on Mortgagee. and % +'ill file file u(ficrat rr rpi shot, ing such p;,t moot %,!th the Mof fgagee I pon %iolanon of this under-
<br />taking, or if the Mortgagor i, pn.rhibiled h•, ,,r:!. Lo% :;n,A or hercl,flCr e%i,wig fnmt pat ing the t hole or a!tt portion of the afore-
<br />said taxes, or upon the rendering of and coelri .cove prohihinnv the p ,y mcnl h% the Mortgagor ,o un% arch [axe,, of if ,uch fen%
<br />ordecree provide, that sunk :!mount s, f%:od h,o the Mortcagc,r ,Ilalf he irrdllCd on the mortgage tight. the Mortgagee shall h;oc
<br />the right to give ninety days written roi,c to the owner of the no!rigaged premise',. requiring the payment of the mnrttaEe
<br />debt. If such notice he given. the ,aid dchl ,hail hcaxne Joe. pa%;thlc AIlls rare tlhle at the Cxpiruti,.m of ,aid nolel% J;r%,
<br />h. That should he fail to pat any sung ; keel, ano c ,, ,,: pro%nied for ul this Mortgage. then the Mortgagee. at u, r,p-
<br />tion, may pay or perform the sane. and:,[I e%rsend,ttuc, ., t.,id, ha,! he added to the prin,ira; aunt n%cing an the .iho%c note.
<br />I he secured herehy. ;md ,hall hear interc,f it the rate set . +ni ti; ,r: the ,n!,1 note until c;n,t
<br />'. That he hereby assign,, ii aster, :[,if .cis o\c•l to the Morlvauec. to he• .•ppLled ?"tt;trd the pa%r )Tell[ of the note and all
<br />sums secured herehy in case of t ,icf;,tli in the perfor!,i•tnce of .uly t,f the term, 041 eondilion, of this \lorteagc or the ,aid
<br />note. all the rents, revenue, and income to he domed front the mortgaged premise, during ,u,h time !I, the foorlgtfgc Indchtcd
<br />ness ,hall remain unpaid: and the Mortgagee ,hall hale power to appoint ml� agent or .,cent, r :nab de,irc for the rurpo,c of
<br />repairing said premise, ;rod of rcming file ,a!ite and collecting the rent,. le cnuc, and income. and it rnw. p;u wit of ,:oj in
<br />comes all expenses of repairing ,aid prcmi,cs ;end nceessary ,onun!s,iort, and e•\pcn,rs incurred in ienung anil m;alagntg Itic
<br />same and of ,olfecting rem.d. [hc•refrorn; ncc holance rem;oning, If ;Ill . III hC :!,plied roward the discharge of ,:ud niorre,!,r
<br />indebtedness.
<br />S. That he will keep the unpro%,�nfcnls not% existing or hereafter erected on the mortgaged pn,pert}. m,urct! ;�, nta% t,c.
<br />required from time to tinge hr the %torticagcc aLan,l In„ I,% tiro :!nd other fwivird,, e':,sualocs :,std :ontingencle, in [I, It
<br />amoums and for su:h period, as r»:ty he required by the Sforrgagcc and w if! pay i%rranptbo when Joe. m1% prrntninls rat Ili, 11
<br />insurance pro•.ision for pagmcnl td whr:h ha, not been rn;;dc herernhefore : \II insurance shall he fried Ili companic, :ip-
<br />proved by the Mortgagee and the pilicrc, and renew ads thc!eof ,halt be held by the .Mortgagee dill Ild%c anaehcJ thcrelo In„
<br />payable clatfses in faxor of and in form ac:eplahtc n, the Morle;lvee In c%cnt of loss ..Mortgagor %•, ill gi%c it nne,h;ne uoitcc h%
<br />mail ht the Mortgagoc, who may rnekc proof of loss if ,,,I ni.uic promptly by Moilgagor..iltd t•arh m,ur,,!ICc cor•ip:tn% tor,
<br />,crncd is heich,v authorized and direeled to makC• p;, }nhfit fo: such loss drecdt h? the Mtlrtgagei ni,lcud rt to life
<br />and the Mortgagee fmat4, and file n,ur.tn.c pr e.ecd, ur ,n% part thereof Ina% to:ippheJ by ilit Mrttg,!gec .!t n „y :honr!Ufci
<br />to fire reduction of tht' mtw hick! ne” hcn.h% ,,, t.ut .0 to the restor,friou m lep,ur of the prup,rtt ,I,.•;.!::,.? In C% :111 of I"T"i ,
<br />,tire of this n;otty cgs ur other r tr.in,fCr i t title• N1 the m, rlp,ged per! city in cxfiggurshr ant of the , I i,t d!x , ,r nfk.J ucmh%
<br />.Ill right ]tile end InICIe,t f ;lie ,n .md to u!% n ur u,,r 11,01A !c, then Ill fnrc C Ir .I I ,� 011: f'ur 'n,cl , r intro
<br />dd"10II ,t ,•n,l %oil, I ; 3 ,e, writ} flit ih p %nl. of If the !u rC Jc,,nl c) J .!I lo! , In he,onw itq ! d ; 11);
<br />.rtnrtgayt, the M ttgawor ketch, x ,ig,n, III the tf 'rip r,. et pi tit 1„t -m c,- !„ R,. n,r;h !J { t ot, ,. nn ,g °. 'h:
<br />Most},a► „� Linda r . ny ana -.i ,=!i .u,f g.! ?c•!,e. , !s .;,!,1 t ., :�.,..% , th ;I. !uu r. .,c.,: .�n,i 'Cip•t I , !the ,.o,it .o•rt :!tar;,
<br />(heal lit ,:fld trlJO %tr' +Ific'. 11 t`W fi rt •', .,,f,'t •li t =I ^f.I i•! alt , !,d It 1, r. • ...
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