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<br />(b) A sum equal to . e 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 and assesi ments next due
<br />on the mortgaged property tall as estimated bt• the Mortgagee) less all sums already paid therefor divided by the
<br />number of months to elapse before one month prior to the date when such graand rents, premiums., taxes and
<br />assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, -pre-
<br />miums, taxes and special assessments; and
<br />(c) 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 aggregate amount thereof shall be paid by the Mortgagor
<br />each month in a single payment to be applied by the Mortgagee to the following items in the order set forth:
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<br />(111 ground rents. taxes, assessments, fire and other hazard insurance premiums;
<br />(M) interest on the note secured hereby; and
<br />(IV) amortization, of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the Mort-
<br />gagor prior to the due date of the next such payment. Constitute an event of default under this mortgage. The
<br />!Mortgagee niay collect a "late charge" not to exceed tour cents (4ir) for each dollar ($1) of each payment more
<br />than fifteen (1 S) drays if, arrears to cover the extra expense involved in handling delinquent payments.
<br />,Z. 'rhat if the total of the payments made by the Mortgagor under I, bi of paragraph .' preceding shall exceed
<br />the amount of payment- actually made by the Mortgagee for ground rents, taxess and assessments 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 t., be made by the Mortgagor, or refunded to the Mortgagor. If, however, the
<br />monthly payments made by the Mortgagor under 04 of paragraph 2 preceding shall not be sufficient to pay ground
<br />rent, taxes and assessments or insurance premiums, as. the case may be. when the same shall become due and pay-
<br />able then the Mortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency, on or before
<br />the date when payment of :such ;Ground rents, taxes, as se6sments or insurance premiums shall be due. if at any
<br />time the Mortgagor -hall tender to the Mortgagee, in accordance with the provisions of the 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 all navments made under the provisions oRih''WU%KA* K!
<br />01( tt# tlY #1C1tIC.k.l9tkYMilt :Fikittf� fft�d!t :vticeKd6iitfitdihiirlWeF (tfi+XXAiib i "b; of paragraph 2 hereof. If there
<br />shall be a default under any of the pro%isio.; : of this mortgage resulting in a public sale of the premises covered
<br />hereby, or if the Mortgagee acquires the proper.} otherwise after default, the ifertgagpe shall apply, at the time or
<br />the commencement of such proceedings, or at the (Time the property is otherwise acquired, the balance then remain-
<br />ing in the funds accumulated under of paragraph 2 preceding, as a credit against the amount of principal then
<br />remaining unpaid under .aid note, awdihaYlipiYipet{V 4dj4is6i+tidp4 rF(ui1 rSfFiiKX Ya XFia` t t�t}dxitxt�r 1f
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<br />4 That the Mortgagor ,ill ra•. ground rent, taxes..nses,meni,. eater rate,, and other go%ernmental or municipal
<br />charges. fines. or Impositions fir which provision has not been made heremheforc. and in default thereof the Mortgagee may
<br />pay the same, and that the Mortgagor ,ill promplh, deh%er the official receipt, therefor to the Mortgagee.
<br />s The Mortgagor will pat :dl taxe, which mat he levied upon the Mortgagee , interest in said real estate and imp rote
<br />meets. and which may be le%icd «pun thi, mortgage or the debt secured hercht thut onit to the extent that such n not prohiMr
<br />ed by la, and only to the extent 'hill sash %Lill not make this loan: u,unou,l. hilt excluding any income tax. State or Federal.
<br />imposed on Mortgagee. and w Ill file the udiciaf receipt show Ing such payment with the :Mortgagee L 'pon violation of this under-
<br />taking, or if the Mortgagor is prohibited h•, an-. law now or hereafter existing from pan ing the whole or any portion of the afore -
<br />sar' taxes, or upon the rendering of any court decree prohibiting the payment ht the Mortgagor or ant such taxes, or if such law
<br />or decree provides that any amount so paid hx the Mortgagor shall he credded on the mortgage debt. the Mortgagee shall hale
<br />the right to give ninety days' written notice to the owner of the mortgaged premises. requiring the payment of the mortgage
<br />debt. If such notice he given. the said debt shall become due, payable and collectible ai the expiration of said ninety days
<br />6 That should he fail to pay any sum or keep any covenant provided for :n this Mortgage. then The Mortgagee. al its op-
<br />tion, may pay or perform the same. and all expenditures so made shall he added to the principal sum owing on the ahote note,
<br />shall be secured hereby. and shall heat interest at the rate set forth in the %aid note, until paid
<br />That he hereby assigns, transfer, and set, over to the Mortgagee. to he applied toward the payment of the note and all
<br />sums secured hereby in case of a default in the performance of ant of the term, and conditions of this Mortgage or the .aid
<br />note- all the rents, revenues and Income to he derited from the mortgaged premises during such time as the mortgage indebted-
<br />ness shall remain unpaid; and the Mortgagee ,hall have power to appoint an\ agent or agent, it may desire for the purpo,c of
<br />repairing said premises and of renting the same and collecting the rent,. re%enue, and income. an, It may pay out of ,aid in-
<br />comes all expenses of repairing said premises and necessary commission, and expenses incurred in renting and managing the
<br />same and of collecting rentais therefrom. the balance remaining. if any to he applied iow..rd the discharge of said mortgage
<br />indebtedness.
<br />g That he will keep the improscment% now existing or hereafter erected on the mortgaged property, Insured as rn :tt hr
<br />required from time to time h% the Mortgagee against lo„ by fire and other hazard, ca%ualtie, and eontinLencic, In such
<br />amounts and for such period% as may he required by the Mortgagee and -ill pat promrlk . w hen due, ant premium, Lin such
<br />insurance provision for payment of which has not been made hercinbefore All insurance shall he carried ui companies ap
<br />proved by the Mortgagee and the policies and renewals thereof %hall he held hx the Mortgagee and ha%c attached thereto lo„
<br />payable clauses in favor of and in form acceptable in the Mortgagee In dent of loss Mortgagor will gi%e immediate noose ht
<br />mail ro the Mortgagee. who may nrr`.c proof of io%% If not made p•ompih by Mortgagor. and each insurance tompan% con-
<br />cerned Is herehy authorized and directed to make pavmem for such loss directh hi the Mortgagee instead of to the Mortgagor
<br />and the Mortgagee fetid} and the insurance proceed%. of any part thereof. mat he applied M the V engager at if, upnon either
<br />io the reduction of the indebtedness hcreb% secured or h. the restoration or repair of the proper't darnaged in evcnl of foreclr,
<br />kare of this mortgage or other transfer of fiti%, to the mortgaged properit In extinguishment of the mdehiedncss secured herrhv
<br />all right. hake and intere %t of the Mortgagor In and io arc, insurance pohctr, then ill for, c ,hill pas, h• the put, ha,e! or s;nurtcr
<br />9 Nat a, additional and coGatera: ,enmity 1w the pa%rncnt III the note do „nbcd. and :d1 snrn, W hetomc life untie% !his
<br />mortgage. the Mortfrager herehs a „rgns i,• ;he Mortgagee all profits revenues . rMailics rights and hrnehn accruing r.� the
<br />Mortgagor under ant and all All and ga, Ica,%, mi said prrmt,e, with the 'Ight M rc,e„r .Anti re,ewr lo, thr same mo
<br />than to %aid indebtedne„ a, wet! hit „re a, Ift,t drfaalt in the .,,ndinon, oll slit, mar •goer And the vtnn gager rn.,t dc” "'nit ..I-
<br />frir ants r,,,u r :ant v,h pisrm <nn then au; and pa %aMr but shall n "t T,c r,,• nr..,' r, I,
<br />amd tw, n:c nut! ,And 0 it ... :ties Yc
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