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<br />( (a) N A sum equal to the ground rents. if any. next clue, plus the prenriunts that will next becourc clue and payable on
<br />Policies of fire and other hazard insurance covering the mortgaged property. plus taxes and assessments next Line
<br />on the mortgaged property (all as ettimare,1 by, the Aforf+ a,gec ) less all sums already paid therefor divided hr the
<br />number of months to elapse before one month prior to the date when such ground rents. premiums. taxes and
<br />assessments will become delinquem, such sums to be hei,l �,p Mortgagee in trust to nay said ground tents. pre-
<br />miums, taxes an m
<br />d special assessents; and
<br />(b) Od All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under
<br />the note secured hereby shall be added together, and the aggree;te arnount tllercof shall be paid by the Mortga,�ol
<br />each month in it single payment it, he applied by !ire Mortgagee ill the I'ollnwing items in the order set I'orll :'
<br />ground rents. taxes. assessments, lire and outer hdzald insurance premiums;
<br />(11} OW) interest on the note secured hereby: and
<br />(111) U) amoitiz,ttion (it the principal ofsaid note.
<br />Any deficiency in the ammunt of any such aggregate mouthiy payment shall, unless made good by the Alol!-
<br />gagor prior to the due date of the next such paynleo!. cc.nsrittile an cent of defaults under this mortgage. Tile
<br />Mortgagee oW, collect a 'late charge" no( to exceed Your cents 1411 inr each dollar (S I I kit each pdy:nent IMM,
<br />than fifteen (1 5 ) J;;� s it arrears to cover Lite extra expense involved ut handling delinquent payments.
<br />3. That if the total If tilt, payments made by the llurtitagor under ( X) 4f�)aragraph 2 preceding .=hall exceed
<br />the amount of payment - actually matte b\ the 1lortgagee lot _round renl�. titxe- and 1 tee- -menu- or in -uranc v pre -
<br />mimns, a, the cane may be, ;uch excess, if the loan is currern, of the option of the Mortgagor. shall he credited by
<br />the Mortgagee on subsequent. pacnlerts to he made b\ the Mortgagor, (it refunded to the lhirtt,agor. If, ho+eec,•r, ihe-
<br />monthly payments made by the Mortgagor under (X) tkqat-agraph ? preceding shall not be sufficient to pay ground
<br />rent, I. axee and a..se- sment- or in- uranc•e premium -. a- the ca-(, mac ht, wtnm the -amt hall hecome due and pay-
<br />able, then the, Mortgagor -hall pay to file lfortga;iee any amount nett an' iu make up the deficienc\, on or hefore
<br />the dale when payment of such ground reni -, taxes. a - -e- -menu- or in -urnce premium- -hall be due. If' at am
<br />time the Mortgagor shall tender to the Momeagee, in accordance with the proyi -ion- of the note - ecured herebv�,
<br />full payment of the entire indehtedne -- repre -ented thereby, the lloligagee -lial1, in computing the amount of much
<br />indebtedness, credit to the account of ttic• Morteaeor �tYrnYeelr�ncinvuiirsremrirrvber.+ nvv�.,�.vvivvr,of.o�,..o...t.�L
<br />am balance remaining in the fund - accumulated under the ion
<br />provi- - of (X(Ql� paragraph ? hereof. If there
<br />-hall be a default under ant of the proyi- ion - of thi- morl.tlage resulting in a puhlic -ale of the prenli -e- covered
<br />hereto v. or if the Moriga;me acquire- th,• oropvrI% othersvi a after default, the 1lorigagec• -hall apple_ at lilt, lim,• or
<br />the• commencement of -uch proceeding- o ;t the time the property i- oih -rtyi -e acquired, the balance then remain-
<br />ing in the funds accumulated under (X) �f tragraph
<br />_' preceding, as it credit again -t the amount of principal Ihen
<br />remaining unpaid under =aid not„
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<br />NKYO(}Ci(rX
<br />J. that the Mortgagor „Ill nir, ground rent,. rates. ;I „essmeni,. eater rdte,. :md (other eo,ernmcntal or municipal
<br />ch:trge,. tine,, or inlposuion,. fur t,hirh piovi,wn ha, not been lnadc lmembefore. anti in dcfimlt thereof the %lorigaece nutv
<br />pa% the same: and that the Mortgagor ,, Ill prompts% tieli\er tile olficiel rrccipl, therefor to the M,rtgagee.
<br />The Mortgagor ++iii pit-, ;ill I:ne, ,. \hich mat he L•\icd upon the Mortgagees intere,l in ,aid read r,t;ac :and unpin +e
<br />mcnts, and o%hich may he lexic•d upon this mortgage or the dehl ,ceorcd heieht rFuu only to the cmem that ,uch i, not nrolllhlt
<br />ed he lim and only n, the extent that ,uch ++ill not inahc the loan u,urious). but e\cluding :,lit inCetne l;:\. tieut. or Fedoral.
<br />inlpo,ed on Mortgagee and "ill file the official receipt ,hu„ ing ,uch pay nlcni w tilt the Mortgagee. I. 'Pon 1 iolation of till, under
<br />taking. or if the Mortgagor is prohihiled h\ ;m+ Ian+ now or hereafter csi,lin,_ Iron, paying the ++hole• of an•. ;,,ninon „f the; loic-
<br />,aid t,xe,, or upon the rendering of any court dCLrcc prnhil,lung the pavmetu i,y the Mortgagor of*;,it\ ,uch t ;1u, or if such Ian,
<br />of decree provide, that ally amuunl "l p;dd by the Morigogor shall he credlte•d,u1 the mortgage dcht. the Ahuleagct,hall ha+c
<br />the right ft, gi+c ninety day,' written notice to the m+nc, of the nn,rrgaged plenli,e, requiring the paymcni of Ifie mortgage
<br />debt. If ,uch notice he given. the ,aid deht ,h ;ill heconlc due. pal }ahlc and collccllhic• ;u [tic rxpiralion of ,rid moll+ dal N.
<br />b that should lie fall ft, pay anq ,unl ur keep ant coarnanl J,rm Ided for in till, Atlrf¢agc•. then the \lortgat!ce. al it, op-
<br />uon. roap pay or perform the ,amt, and all cxpendilure, ,I Milde ,hall he added to the nrincipai ,Lill) nu ing on the ahove nolr.
<br />,hall he , ecured hereh\ , and ,hall hear inlere,t at rho rate ,cl fol th In the ,aid note, until prod
<br />- I'hit( he herchy as,lgns, transters ;anti sell over i„ the \forigagec, to he applIcLI Io++,Id the• p,« rne•nt of the note •Intl all
<br />,ant, , ecured hcrehv in case of ., default in the net for nl;imc of any tilt term, 'Ind condition, of thi, %loilvagc or the
<br />of ,;:id
<br />m
<br />mug. all file rents, revenues and ,unle lobe dcri\ed front the nmutgagcd pienrl,c, during ,uch time as lilt nulr!gagc Indch!ed-
<br />Iless shall remain lulp.lid. and the Mortgalowc ,hall ha \'e pt„•ver to epponil :1111 .tuctil or a,Lwnis it 111;11 JV• IIC 1Ol lite' pulps „c of
<br />repairing said prernows •,nd lit renting lilt' sank and collcCGng the rcnt,. ie\enue, and Income, and a nn,+ pat out of ,.I tl Ill
<br />comes all expenses of repairing saki prclniae, and nece „ary ,onuni „wrl, ;,nd cspen,e, mcurred in rentine and managing the
<br />,amt ant! of collecting rentals therefrom: the 'Ivdancc ren, ;nnutg. If any . to he,• ,:pphcd lo\+ ; :rd the dl,charpc of ,nod Imo!Ig
<br />&*t
<br />indehtedne,s.
<br />S. That tie +sill keep file imp, ,%cloc'ni, nook existing o, herceficr e!cctc,t on the mortgaged proper!,. in,urca a, nun be
<br />required fnan time, In tin,: by the Morlgagee ;1gain,l Ins, i,\ tilc ;still ,,Ihci h;vard,. casunitics ;Ind cnntingvncrc, in ,tiro
<br />arnount, and for such period, a, nw, he required by the• Mongager :,lilt ,, Ill p,,\ pnarpth . +,hen due. an+ n!cnllum, on it'll
<br />in,urulee• protisiun for pa%inc•nl of uhtch has not been made• llete•Illhclt'dt \il in,leance ,!pal la .;,tTICCj ,n romp:,nic, .,p
<br />proved by (he Morlgagcc ;,lid the pohcie, and rencµal, Iticicof ,hall he LrIJ by file 11orlg ;,art :md 11;,, e :u tarheJ thcrcn, lo_
<br />payuhlc clause, in f.nor of and in form otceplahle to lilt. Mlrigilec • In ,.,col of lo„ Ator lcaeol a III
<br />cn, Imnl"th :oe lion-
<br />magi to file .Mmtgagcc, •.rho Inaa make proof of In„ If not nradc pr,lmpliy ht Morlp.lgor .md r,1rh ul,ul.m- tolllp,lm ,on
<br />"erned Is flclehy ,Iniholl.ed ;Ind directed to make paynx•ni for ,nth lo,• ,htrctl, to tilt. Vol iv.'e” t1l,l, d of In lho. 11
<br />oi�g.,gnt
<br />and the Mor(gagc • Imo) y. 1ntl the in,urmce pn teed,., I am p;ut thereof In— tic glphcd h+ the Alent „ru II ,I, oplion rthcl
<br />u, the reduerioo of rht onus hitdne,, hcrehe wilted or to Ilit r. slur ;anon er lep ur of tilt vr„r: ,,, ,1,ml ,ge d In, •, n t i
<br />L YmC of rill, ,rinrI tine 11 ,IIm !rtlit,ter f Itile in the r iol I} lged Ill pert, III t \IInglll,tll It. u, •I 1 i, it I•i, It h ,`gilt
<br />;ii! right Title and nee r i of the Mor1t 1 r in std to Lin Insur•nL hric, then In I ,r
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