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<br />(a) ftk A sum equal to the ground rents, if any. next due, plus the premiums that will next become due and payable on
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes arc! assessments next Sue
<br />an the mortgaged property (all as estnrrated hr 111e alor {F;agc•e) less all sums already paid therefor divided by the
<br />number of months to elapse before one month prior to the elate litho) such ground rents• premiums, taxes and
<br />assessments will become delinquent, tact, sums to he held by Mortgagee in trust to pay said ground rents. pre -
<br />Mullis, taxes and special assessments: and
<br />(b) XW All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under
<br />the note secured hereby shall he added togelher. and the aggre_ate ;Ilnourlt dicio if shill] be paid by the .klortgatgoi
<br />each month in if single payment to be applied by [tie Mnr agce to the lillll,wing items in the order sec forth:
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<br />(I) Ift ground rents. taxes. assessments. !ire and olhet hazard insurance premiums;
<br />(II )am interest on the note secured herchv: and
<br />( III )Odl) amortization of the principal of said note.
<br />Any deficten y Ill the afTlUfi alt Ilf any Il tl :1 gre_a to I,l.,llali!y paellltllt Shull, tlnles, made good by the Mort -
<br />gagor prior to die due date of the next such pacntcr,l . 1 ;!itulr .ill r.arnt IIf .lefalllt under this nu,rtpage. The
<br />Mortgagee may collet! a "late charge" not to vx":cl! 1-.7 fit, 1 f1 'or cash dollar (Si) of each payment more
<br />than fifteen (15) clays w ;urc;us m cover the extra exjl rl "„, rc :'olv"d rl((handling delinquent paynients.
<br />3. That if rite total of the payments made by the \tort ai'or under tXA {paragraph " pr•ee t din;*_ .shall exceed
<br />the amount of payments actually made by the llort.eagee for Lround 1O ill -, taxe- and ;- ses-me tit= or incur nuv pre-
<br />miums, as. the case may be, such excess, if tide loan is currt•nt. m the option of the• Mortgagor, shall be credited by
<br />the !Mortgagee on subsequent pavmenfs to be made by the \lortgagor. or rt•fundod to the Vortgagor. If', however, the
<br />monthly payments made by the Mortgagor under K'A4 paragraph ' prc'c•cding shall nor he sufficient to pay (round
<br />rent., taxes and assessments or insurance premiums. as the Ca(' may be. when the same shall become due• and pay-
<br />able. then the Mortgagor .shall pay to the \lortgatgee any amount nett• -sary to make up the defic•iencv, on or befort-
<br />the (late when payment of such ground rents, taxes, assessments or insurance premiums .hall be due" If at any
<br />lime the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of file note secured hereby.
<br />full payment of the entire indebtedness represented thereby, the Mortgagee shall, in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor smtkpxwxam[ scamm�satht�epoo >acscta6�a3daofspew�p[xp�2
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<br />xm*amy' balance remaining in the funds accumulated under the orovisions of ('zcJ(1?f)paragraph 1 hereof. If there
<br />shall he a default under any of the provisions of this mortgage resulting in a public sale of the premises covered
<br />hereby, or if the Mortgagee acquire= the property otherwise after (](,fault, the Mortgagee =hall apply. at the time of
<br />the commencement of such proceedings, or at the time the property Is otherwl e acquired, the balance then rtrmain-
<br />ing in lilt, funds accumulated under /�4'31�f paragraph '_' preceding. ass a credit ._ainst the amount of principal then
<br />retraining unpaid under said note. abitx4t3 qxM lrw* vtaut) msxxtgt�tsKOtrffitrtwtdnaxk�sF >b}ia#xudxxx�aaxdtxtvxi¢XxIC
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<br />a. ['hat the Mortgagor will pay ,round rent,. Case,. ;ISU„nlcnt,, u;fie, r,aes, and other governmental or nnroicipal
<br />Charges. tine,. or imposition,. for which provision has not been made hereinhefore. ;old in default thereof the Mortgagee may
<br />pay the same: and that the Mortgagor •.t ill promptly dehver the official receipt, therefor to the 'Mortgagee.
<br />5 the Mortgagor "ill pay all m\c, tahinh miry he Ietied upon the Mortgagee's intere,i in ,aid real estate and improve-
<br />ment, and %%firth may he le\ ied upon this mortgage fir the dept ,enured herehy" (hilt only W the extent that such is not prohibit-
<br />ed by Lot and only to the extent That ,uctl will not nulkc this to ;ill u,uriotl,l. but exchuling any income tae. Slate or Fedend.
<br />unposed on Mortgagee, and a ill the the olliciA receipt showing such pay nleni tt ith the Mortgagee. L!pon violation of this under-
<br />taking. or if the Mortgagor i, prohibited h_t :fir, la•.t no" or hcreefler existing, from pitying the whole or any portion of the afore-
<br />said laic,, or upon the rendering of a:rry court decree prohibiting the paiyinent by the Mortgagor or ioty such taxes, or if such lav
<br />or decrer provides that any ;,mount so paid by the Mortgagor ,hall he credited on the mortgage debt, the Mortgagee shall have
<br />the right h, Lire ninety day ,• written rlotrce to the otcner of the mortgaged premises- requiring the payment of the mortgage
<br />debt If ,itch notice he given. the said debt ,hall hecomc Clue, limahle and collectible al the expiration of said ninety raps.
<br />b. That should he fail to pay any ,fill) or keep ant cg, venant provided for in this Mortgage, then the Mortgagee. alt its op-
<br />tion. may p;iy or perform file ,ante•. and all c\pendiutres so made shall he added to Itle principal ,unt owing on the ahote note.
<br />,hill! he secured hereby, and shall hear intcie,t ;tt the tide set forth in the said note, unfit paid.
<br />'1 "hat he hereby assign,. rran,len and set, ova to the Mortgagee, to he applied tow;od the paynienr of the note ;old ;dl
<br />,um, ,veorcd hereby in cii,c of :: deLlult in [he performance If any of the terns, and conditions of this Mortgage or the said
<br />pole, all the rents, revenue, and innorne to he domed from the mortgaged prenii,cs during such tittle a, the mortgage indebted
<br />ae,,, shall remain unpaid: anti the Mortgagee shall hate youer lo appoint ;illy agent or agents it may desire for the purpose of
<br />repaving said prerni,c, and of tenting the sane and Collexiing the rents. revenues and income. and it may pay out of said in-
<br />conre, ;lit expenses of repairing said premise, and ne,:es,ary commission, and expense, incurred in renting and rmaraging the
<br />,,fine and of collecting rentals therefrom: the balance remaining, if any , to he applied to\t ;;rd the discharge r!f said morfiliw •
<br />indebtedness.
<br />R. That he will keep the improvements non existing l,, hereafter erected oil the mortgaged property. insured its mi,% be
<br />required from lime to time hp the Mortgagee• attainsl loss by fire aid other hazards, ca,ualties and contingencies in 'itch
<br />amount, and for ,Lich periods a, nfan he required by the Mortgagee and \k ill pay prornpth, tehen Otte, tiny prenlitim, on ,ugh
<br />insurauhcc provision fun payment of which has not been made hereinhefore. \It insurance ,hall he carried in comp :uric, ,,!•
<br />proved by the Mortgagee and the policies and renewal, Ihercof ,hall tic held by the Mortgagee and hate ;Itt ;lchcd thereto lo„
<br />payable dints(% in favor of ;:Ind in form acceptable to the Mortgagee•. In event of loss %lortgagor tail! glee inlnitdr :de honer its
<br />mal to the Mortgagee. oho map m.lie proof of !I,,, if not made pioniplly by Morigaglu. mill ca.'h insurance company rou-
<br />cerned is hereby authorized and directed to make payownf for such loss directly to the Mortgagee in,lcad of to the \lorlt:agor
<br />;md the M arrgagec jmatly and the insurance t rocerds. 111 am pill] rhelcof. rnat he applied M the Moltgagcc ;d its t Ilion I rimer
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<br />tir'e of Ifni: morixogc or other n nsfe of title lit the nll,rtgeged properry In cttnl,m,luuenl ,It the nldehte•dnes, set 1 ❑ - -. 111.1of•,
<br />M right lille. and irncre,l of tilt klturlp,lgot In unl In any In,uranne pll!lries then ill t „r,e ,hill lisp, II, rile cult lia', 1 • r :rimier
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<br />:iwrlpr,tfio, tire %I it} ,gor held h% a, Igll, to ill] M.,Ilr ;oetc .111 pl 111, 'i llle,. I,II till 'll tl , It{ f`e11.11t• ,I,' :1111116 .• IIIC•
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