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<br />(a) (V) A sum equal to the ground rents, if any. next due, plus tite premiums that will next become due and payable on
<br />policies of fire and other hazard insurance covering the nuotcaged property, plus taxes and assessments next due
<br />on the mortgaged property (all as estimated ht• the Aforrcagcei less all sums alrealy paid therefor divided he the
<br />number of months in elapse before one month prior to the dale )+hen such ground rents. premitmis, taxes and
<br />assessments will become delinquent, such sums to be held by Mortgagee in trust w pay said ground ants, pre-
<br />miums, taxes and special assessments: and
<br />(b) (10 All payments mentioned in the two preceding subsections of this paragraph and ail payments to be made under
<br />the note secured hereby shall he added together, and the aggregate amount thcleof shall be paid by the Mortgagor
<br />each month in ;single payment to he applied by the MtIrtraeee It, the: following items in the order scl forth:
<br />iw
<br />ground rents. taxes. assessments, fire and other hazard insurance premiums;
<br />(11) l interest on the note secured hereby, and
<br />(111) ( amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate nion;hiy paNinent shall. unless made good by tilt Mort-
<br />gagor prior to the due date of the next such pay111CIO constitute :m e+ent (It default under this mougaee. The
<br />Mortgagee may collect a "late charge" not to execed f+t::r Lents (-tyl 1i ! each dollar I S I ) of each p;:y men I T1101
<br />than fifteen 05) d::ys it arrears to cover the extra expense invoked in handling delinquent payments.
<br />:3. That if the total of the payments made by the Mortgagor under )j)Afl)iaragratph 'd preceding shall exceed
<br />the amount of payments actually made by the Mortgagee for itround rents, taxes and a= sessments or insurance pre -
<br />miums, as the case may be, such excess, if the• loan is current. at the option of the Mortgagor, shall be credited by
<br />the Mortgagee on subsequent payments to be made byrthe )hfrtaagor. or refunded to the Mortgagor. If, hotee\ "era rho
<br />monthly payments made by the Mortgagor ender ry�c�Sftpartgnph d preceding shall not be sufficient to pay ground
<br />rent, taxes and assessments or insurance premiums. as the case may be. +Then the same shall hecome due and pa)-
<br />able then the Mortgagor shall pay to the Mortgagee any amount necessan it! make up the deficiency. on or before
<br />the date when payment of such ground rents, taxes, a_= sessments or insurance premiums shall be due, if at am
<br />time the Mortgagor shall tender to she Mortgagee, in accordance with the pro%isions of the note secured hereby:
<br />full payment of the entire indebtedness retire ?anted thereby. the Mortgagee shall• in computing the amount of suc•it
<br />indebtedness, credit to the account of the Mortgagor :
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<br />Mot any balance remaining in the funds accumulated under the provisions of (JiMParagraph 2 hereof. If there
<br />shall be a default under am of the provi =ions of this mortgage resulting in a public sate of the premises covered
<br />hereby, or if the Mortgagee acquires the property other++ise after dedautt. the llortgageo -hall apply. at the time of
<br />the commencement of such pro ceedirill"rg_qr at the time the property is otherwise acquired. the balance then remain-
<br />ing in the funds accumulated tinder paragraph Y preceding, as a credit aa,ainst the amount of principal then
<br />remaining unpaid under said note,,
<br />S. That the Mortgagor ++iil mo. ground rent,, taxes. assessment,. +eater rate,, and other governmental nr municipal
<br />charge,. tine,. or impositions, for which pro\ision has not been made hereinbefaae. and in default thereof the Mortgagee map
<br />pay the same: and that the Mortgagor ++ill pmmpt!c deliver the otlicial receipt, therefor to the Mortgagee.
<br />5. The Mortgagor +eel pat .d! taxes which into he ter "fed upon the Mortgagees interest in ,aid real estate and impruie-
<br />ments, and which may he le\ied upon tilt, mortgage or the debt ,e,ured hereh\ ,hut onip to the extent that such i, not prohibit-
<br />ed he l;n+ and oil+ to the extent that such .rift not make this !,,;In u,uriousl. hilt exclu+bng any income tax. State or Fedcrid.
<br />imposed on Mortgagee. ;nd mill .rile the urhrial receipt,bo\\ing,urh p:,pntent %,nh the Mortgagee. t'prm violation of chi, under-
<br />taking. or if the Mortgagor is prohibited h\ any hva no" or hereafter existing front pa\ ing the \ +hole ur any portion of the atore-
<br />said taxes. or upon the rendering of .,ny court decree prohibiting the p;icmcnt by the Mortgagor or any such taxe,. or if ,rich Ian
<br />car decree provide, that any amount ,. paid by the Mortgagor ,hall he credited w, Ihc• mortgage deht, the Mortgagee ,hall ha-.e
<br />the right to give ninet_% days' \+r;tten notice to the owner of the mortgaged premise,. icytniing the patvment of the niortcage
<br />debt. If such notice he given. the ,aid debt ,hall become due. payable anal colleclihle at the expiration of said nines day,
<br />b. That should he fail to pity anti ,urn or keep anycoveninit prodded for in this Mortgage. then the Mortgagee, it its op-
<br />tion. stay pay or perform the ,arne, and all expenditures so mail,, ,hall he ;aided to the principal ,urn o\+ing on the ahoce note.
<br />shall he secured hereht, . and ,hall hear interest at the rate set forth in the ,aid little. untii paid.
<br />. That he hereby assigns. trati %fees and sets over to the ;Mortgagee, to he applied loo and the pit%neent Of the note :and lit
<br />,unit, secured hereby in case of :: defouit to the performance of any of the term, :and Condition, of thi, Mortgage or the ,aid
<br />note, all the rent, revenues sod income to he derived from the mortgaged premi,e, during such lime as the mortgage indebted -
<br />tiess shall remain tinvafd: and the Mortgagee shall hate p(mcr to appoint any agent or agents it man desire for the purpose of
<br />repairing ,aid premises and of renting the ,arne and collecting the rent,, revenues and income. and It stay pay lilt of ,:lid in-
<br />comes all expenses of repairing .aid premises and necessary commi „ion, and expense, incurred in renting and managing the
<br />same and of collecting rental, therefrom: the halance rern:aning, if m. tr, he applied to,+;ad Ihc• dl,chargc of said mortgage
<br />indebtedness.
<br />8. 'ihat he will keep the nnpnnrmrut, now exiting o, hereafter elected on the• fainIg;grd property. In,ined ;, eta\ he
<br />required from [line to dote by the Mortgagee against loss by tire and other hai ;rasa casualties and contingencies in such
<br />amount, and for afch period, is r.Iar he required by the Mortgagee and trill lac prompt!,. \k bell doe. a r\ ptenuunt•. un ,ocff
<br />ln,urance provi,S :rn for payntem of ,thigh has not been made hercinhefarr. A!I insurance shall he rasped in Luntpanie•, atp-
<br />proced by the tilortgaEce and the policies and rem!v.als thereof shall he held by the y10npagre ;and hate Attached theicio I.,,,
<br />pa�ahle clause, in favor of and in font acceptable to the Mortgagee In crept if loss ylortgagor \sill gr\c !mmtdudr nonce b%
<br />mail to the Mortgagee, voho real make proof of Nis, if nil made pr,n!pth by Mortgagor. and each in,toancc I milpam con-
<br />cerned is beichq atrthoritcd and directed to of eke partner[ fur such III— lirectly to the Mortgalive nt,ic ld ol !,, the Mortgagor
<br />:and the ytorrf,,kee ;oaatly. ;:nd the !nsuranct tin reds. of .tnv part thereof nay he tpphed lit the Moit}age ,t it, option enhei
<br />It, illc rzdus'no, of the utdrhtednr” rlerehy e'ured %it u, the is t r Ilwn ur rip lie .d th. li1 „porn Lamm d In e tt nt it i ! •cl„
<br />L ,ore f tit, nn itkage nr oillci rran 41 14 title a, the mortgaged a o it in cxtin!an hmuu ,.f tilt polo bl Inc r ufd hrrrlsx
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<br />z!l nfao We �.nd mitre t of the Ni e ,r in and Io any Insurance policic then en rt IF c ,h all I - 1, Ihc t urt f c 'If ran(ce
<br />> . haze . :.&Wtot at 'Ind O'att rs! ,ci tit it for the pa} file fit of 1 h note descIthed..tntl 111 ,ant, !t tic, w!lv shit bocci till.
<br />tg r cif. ',lorlg v,)l hetchy .,sago, jo the %fo!Igai :er ,di p olds. Ie+enric,. lu+alUt nhhs anti henchl %..r,.r;n£il. to Ihc
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