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<br />(b) (f)
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<br />A sum eti___ ......- 1....,... , ,s,,, , „ airy, ucxr Line, plus the Menliums that will next become due ;md payahle oa
<br />policies of fire and other hazard,insitrance covering the Inongagrvl tuoperrv. plus :axes end ;tssessntents next due
<br />oil the mortgaged property (oll us ,•srinlated by the :ffur!igKcc'r ;es all sums already paid thelelin di%idevl I,v the
<br />number of months to elapse before one month prior to the :L,IC when such ,'round rent, prclmtnns taxes and
<br />assessments will become delinquent, such sums to he field i,y Mortgagee in 011.11 to pap said ground rents, : -
<br />miums. taxes and special assessments: and pt
<br />All p:rytnents mentioned in the two preceding subsections of this paragraph and all payments to be :Wade under
<br />the note secured hereby shall be added together, and the aggrceatc anwunt Ihereol shall be paid by rile Mortgagor
<br />each month in a single payment to he applied by the Moment„ Ir, [lie Cnllowin, ite'nls in the order set North
<br />tat)
<br />(1) Cull gruuul rents. tales, assessments, fire and other hazard in I�r r tttn
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<br />(I1) Qtfl) interest on the note secured hereby: and
<br />ON) anwrtizatlon of the principal of said note.
<br />(111) Any deficiency hr the amount ill any such aiTregate monthiy oayntent shall, unless made good 1) ttte Mo :l-
<br />gagor prior to the due date of the next such naymeut- omstilute an event Lit default under !Ills nu+rrgage. the
<br />Mortgagee may collect a "late charge,, not to exceed 1,n :r 2enls Ovi im each dollar IS l ill each p;pmenl rattle
<br />than fifteen (l >) dal ; :s m arrears to cover the extra expenu; involved in haaandling delinquent payments.
<br />Phat if the total of the pavmentr
<br />made 1) the Iortgagor under *k{„t) paragraph 'd preceding ,hall exceed
<br />the amount of payments actually made by the Mortgagee for !.round runts, taxes :md assr•-sments ur in- urine! prn-
<br />miums, as the case may he, such excess, if the loan is current, at dic option of the Mortgagor, shall lie credited be
<br />the Mortgagee on .subsequent payments to be made b the .Mortgagor, or refunded In the lortgagor. If. however• the
<br />monthly payments made by file Mortgagor under !.... paragraph 2 preceding .hall not be sufficient u, pay ground
<br />rent, taxes and assessments or insurance premium,, as the case may he, when the same shall became tiue Wad pay-
<br />able. then the Mortgagor -hail pity to the 1lorigagee any amount nece"an u, make up the deficiency , nn or before
<br />the date when payment of such ground rents. (axor assossmcnfs or in..urance premiums shall be due If at any,
<br />time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby.
<br />full payment of the entire indebtedrI represented thert•by, the Mortgagee shall. in comuti ng the amount of -Lich
<br />indebtedness. credit to [fie account of (he Mortgagor p
<br />:ftftm any balance remaining in the funds accumulated under the pro%isions of �(3 aragraph ? hereof. if there
<br />shall he a default under ant of the pro %i -ions of this morttrage resulting in a public sale of the premises covered
<br />hereby, or if the Mortgagee acquires the pro! >r'rty othervyise after default, the Mortgagee =hall apply. at the time of
<br />the commencement of such proceedings?7 or at the time the property is othenyise acquired, the balance then rentain-
<br />ing in the funds accumulated under;j¢JL,11 iartgraph 2 preceding, as a credit against the amount of principal then
<br />remaining unpaid under said note,. Y�SX.) tx}xXRx3�xX}i}bvsxXXy�x3cy}Sy7{
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<br />4. 'rhat the Mortgagor will pay ground rents. !axe,. as,cssmenls, water rate,, and other eovcrnntental or nwniap,:i
<br />charges, fines. or impositions, for which provision has not been made hereinhefore. ;Ind in default thereof the \torlgtlgee mcto,
<br />pay the same: and that the Mortgagor will promptly deliver the official receipts therefor to the \iortgagee.
<br />?. The Mortgagor will par all lave, which may he levied upon the linrtgagee', interest in ,aid real erne anvi intprovc-
<br />men[s, and which may he levied upon this mortgage or the deht secured herehy (hilt only to the extent that ,ti:Il is nor prohibit
<br />ed by law and only to the extent that ,rich will not make this loan usurious!, but excluding any income tax. Slate or Fedcral.
<br />imposed on Mortgagee. and w ill file the official receipt showing ouch p;,ament with the : Mortgagee. Upon violation of thi, undcr-
<br />taking. or if the Mortgagor is prohibited by any lave now or hereafter existing from paying the whole or any portion of the afore-
<br />said taxes. or upon the rendering of any court decree prohibiting the payment by the Mortgagor (It ,ny such laves. or if such Lot
<br />or Decree provides that any amount x, paid by the .Mortgagor shall he credited on the mortgage deht. the Mortgagee ,h:,h hay c
<br />the right. to give ninety Jays' written Willi:! to the owner of the mortgaged premise,, requiring the pavirient of the mortgage
<br />debt. If such notice be given. the said debt shall become due, payable and collenible at the expinition of said nine!\ dll ,
<br />6. 'rhat should he fail to pay any sum or keep any covenrntt provided for in this .Mortgage. [hen the Mortgagee. al it, op-
<br />tion, may pay or perform the carne, and alf expenditures so made shall he added to the principal sum owing o,t nce above note•,
<br />shall be secured hereby• and shall hear interest at the rate set forth in the said note, until paid.
<br />7. That he herehy assigns, transfers and sets over to the Mortgagee, to he applied toward the payment of the note and ;III
<br />sums secured hereby in case of it default in the performance of any of the lerms and :onditions of this .Aioitell, or the ,aid
<br />note, all the rents, revenues and in:ume to he derived from the mortgaged premises During ouch time as the mortgage indet,[ed-
<br />ness shall remain unpaid; and the Mortgagee shall have power to ;,ppoint amv agent or agents it n,ay desire for the putpo,e of
<br />repairing said premises and of renting the same and collecting the rents, rev em,es and income. and it m:rc pay out of ,:Lid in-
<br />comes all expenses of repairing said premise, and necessary commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom: the halance remaining• if any. to he ;tppiied tow;ad the discharge of ,aid mortgage'
<br />indebtedness.
<br />R. That he will keep the improvement, now existing or hereafter erected on the mortgaged proper!). insured as mac he
<br />required from time to time by the Merlgngee against loss by lire and other han,rd,.:asm,llic, and contingencies in ,u,h
<br />amounts and for such period, :o may he required by the Mortgagee and will pay promptly. when due. any' premiums on such
<br />insurance provision for payment of which has not been made hereinhefore All irr,urincc shall he carried in companies ap-
<br />proved by the Mortgagee ants the policies and renewals thereof shall he held by the Mortgagee ;Ind have ;ittachcJ thereto loss
<br />payable clauses in favor of and in form acceptable to the Mortgagee. In even of lo„ Mortgagor will give inunediaic notice I,v
<br />mail to the Mortgagee, who may make proof of loss if not matte promptly h\ Mortgagor. and each in,ur:,nce ann poor :on-
<br />cerned is herehv authorized and directed to make payment for such loos direceh to the \L+rtgagee in,rcad td TO the Mor lgagor
<br />and the Mortgagee iuiotty. acid the insurance proceeds, orally part thereof. nt;,v fie :,pplied he the \fonga_�ce at It, option cutler
<br />Ili the reduction of the indebtedness herehy secl :red or to the restoration ur repair of the r r ,pert', d,on.,gc•d It, e', eat of i,,rc: It,
<br />sure of this mortgage or other transfer of title to the mortgaged properly in exlingui,hmen id rile Indrhtedne'„ ,e:urcyi hcicb', .
<br />;ill right, title and interest of the Morrgagol m and to any n,sttr:n,ce politic, then in force ,hall pool, h, the par: h :ncr .•r
<br />9 ghat:,, ;uidition:ll oral :u[I :ner,d ,e:urity for the p;ty Illenl of the note de,:rthed..,nd :tfl ,urn, !o bec„nle' lac nndel Ih1,
<br />mortgage. the bltrigaeor her hr a%sIgti to the \h,rtt;agcc .dl pr,dil,. ;c,etluc, nn.11o, rlehl, 11,1 hrnclu, ,,s :nrn:; It„h,
<br />Morig.1pir under -+cry u,d ,,II Oil Weld ea leaw, It 'Lid p,rc•no,c, with the light t , Iv—,, "Id rrt, it„ t„I Its •lit lid ,npl,
<br />thenn n, said mdrt ttdne„ a, i,el! htf, r .0 sifter dchullt nI (he :onJnenn „I Ihl i, ,hr \I Its i_r r , d, �,.. n�i act
<br />till and re, o :u ,its inch patnteo•, when due .Ind pnahle hill ,hall mot hr � (Wort! ,. J. I h ., n.l coil 1, to Ic I!n. „Jt
<br />mid Fcu,mc null .old „rill uet'n : rin „c ,I thl, r o,rlg :mc'
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