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<br />(a)l( A sum a ual to
<br />q Ure ground rent. if any next due, Pitts the premiums that will next become due and
<br />payable on
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes acrd assessments next due
<br />on the mcsrlgageJ pro(u riy (all as extitrtotcvl bt ti.e ,i4rsrtKaxt- less all sums already Paid therefor divided by the
<br />number of months to elapse before one month ergo to The dale when such ground rents, premiums, taxes and
<br />assessments will become delinquent, such sums to he, held by Mortgagee in trust to pay said gS (:Und rain ti, pre-
<br />miums ss
<br />taxes and special assements; and
<br />(b)7jlFj All payients mentioned in the two preceding subsections of zhus paragfaph and a}i payments to be made under
<br />the note secured hereby :hail be added tf>pa -dter, and the a<Ic •;ate amount ,here\( shoe} be paid by the Mortgagor
<br />each month in a single payment to he app!" by the Mortgagee to nce i lb >wm items in Ihr nreirr set fo:tlr
<br />Ak) nith9illl�ffklr (tilid4YtsilS/fpAcltltlwttlwtMtst =�K�R34sktettor!pt r�s[Klil[14t�)FKl�7lffiflfiff.
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<br />(1) ground ,cnts, taxes, as;essnlettts, fire and other hazard insurance premiums;
<br />(t 1) X M interest on the nota secured hetebv. . and
<br />'
<br />(t f f )>� arnoruratiun or The prrtcipai of sal note.
<br />Any deficiency in the amount of any such aggregate monthly, payment shall_ unles made good by the Nlnit•
<br />gagor prior to the due :.fate of the next such payment, c:msrrlure an event o! default under this mortgage. The
<br />Mortgagee may collect -late
<br />a ctrargc" nut to exceed h,t:, -'ants t-lpl t:,r em h dollar (S I 1 of each naymer,f (riot
<br />thart fifteen (15) da;s n, arrears to cover fire extra expense invoke :i fn handling delinquent
<br />payments.
<br />(a)
<br />:3. That if the total of the payment.- made by the Mortgagor
<br />under Mxof paragraph 1 preceding -hall exceed
<br />the amount of paymertt_s ac•tualh made by the tlortgagee for r;round rent_ -. taxes and a es. ment- or insurance pre-
<br />miums. WS the ca.e may be. such excess, if the loarl is current, at th e option of the Mortgagor, shall be credited by
<br />the Mortgagee on sub-AI.quent payment- to Ile ma a by fit, Mortgagor. or refunded to the Mortgagor. If, ho(vever. rho
<br />monthly payments matte by the Mortgagor under Wof paragraph _' preceding Shall not he sufficient to pity ground
<br />rent, taxes and ai stissments or in- urance premiums, as the ease may be, when the -ame : -hall become due and par-
<br />able. then the liortgat,or : =hall pity to the Mortgage am amount nec•e- -art to make up the deficiency. on or hpfor,
<br />the date when payment of -uch ground tents. taxe -, asses -menu or in- urance premiums =hall he due. If at an\
<br />time the lhurtgagor =hall tender to the Mortgagee, in ae?cordanc•e with the prey =ions of the note herehsy.
<br />.secured
<br />full payment of the entire indebtedne;- mpre- rrnfed thereby, nco• 1}origaeee shall. in computing the amount of such
<br />indebtedness, credit to the .recount of tile• Mortgagor itti# s} xsr�lsxsexyti# cextgpc�o ►tstjHytRltaxr(xrc�t�ts�ly�txx
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<br />MO any balance remaining in the fund- accumulated under the hf "xioslyf
<br />`
<br />provisions paragraph 1 here((. If there
<br />=hall be a defaull under am of the prods tun= of this mortt.ag." r(-ulting in a pohlic -ale of the
<br />premi -e= c•overvil
<br />hereby. or if the Mortgage(- acquire- Ili,, property otherwi -e aft.•r default. fhe Mort-'ag '-e . ,hall appl,i at the time of
<br />,
<br />the commencement of such proceedings. or at she time the properly is othenti e acquired, the balance then
<br />remain -
<br />in r in the fund- accumulated under`
<br />t, x" °af puraerapis _ prec•pJing, s- ,t credit against the amount of principal thou
<br />remaining unpaid under .said note. ypl>xg�xK�M�sdaxx
<br />Hsfs�Ml�tIMOUplkiex
<br />J. Thai nc� 1lurtgagor µr11 pas, cround runt, taxes, a „es,mcnr, lkaflcf rare,. and other e,,.ernmentnl or monicnpa!
<br />charges. fines or imposition'. for ahlrh ha, I,een
<br />�
<br />proms %:out 17,11 niade hcteinheforc ,,nd in do cult thereof the Nforigaeee nt,p
<br />pay the same. and that the Mort wgeu a Ill prf,rnntiv delver the olhc r f rccc -pt therefor to the frog gagec
<br />y. The Mortgagor aril pay all rr \e, opc nay the Ieesrd up(n the 11 .lgarce , nnetesi in ,aid reel estate unpro,c-
<br />menu, and µfish may he irurd upon rho n. i cage or he dcht secured nerrh. ,hot on!\ !II the :\rent that ,rich i, not prohit,u-
<br />'
<br />ed h law and onl to
<br />y y the e\tehi that such ,si„ not make chi, h,.oi a,urrousl, brit c\ ludtn}t nn•. usa(me tat. titatr , +r Frder<d.
<br />Imposed cm 'Mortga gee. :and s' Ill file Ills „tit, ill receipt hos,mt ,u,h p :acmcr: is I h she Mongaec•e 1, poll xiooni(n of Ihi, u rider -
<br />taking. or if the Mortgagor !, prt,ftihited h; any laa noµ or hereafter e\rstrn fn +m pat Ing the ,s hole or any portion pt the afore-
<br />said taxes, or upon the rendering of sun c,turI decree pmhthmng the pin mein h\ the 11urt.a ur (r any such raves, or if such Ixµ
<br />or decree provide. that ;Iris ainount so paid he the Mor tgat,or shall be , ccfiued fm the mortgage debt. the Mortgagee ,hall hw. e
<br />the right k, gire ninety days mntten amice to the oa net of the mortgaged vremfse,, requiring the pay mail[ of the mortgage
<br />debt. If such notice be given, the ,aid deht shall hec.,mc +sie, p;n. ahie and ca+lfectihle at the e xpuafion of said nines\ da\ s
<br />6. That should he fail to pat :my ,um or kccp arts -.,c, r.,a „t provided for in this Mortgage, then the M rtgagee- at it, op.
<br />don. mac pay or perform the came. and all e \penditure, s:• rtsrfic .hall be addcd to the rrn cipal ;tint (mine on the ahove note.
<br />he
<br />shall secured hereh\, and ,hail hear mterc,i ;it the rate act forth in the ,Ind note. until p:ud
<br />;
<br />7. That he hercb\ - ,inn,, uan,frn and ,et, o,cr if, :he Mortgagee. to he ;,polled toµard the pa\meat of the note and ill
<br />sums secured hereby in casc If ;; defaull m the performanre (f .inv of the term, end condinun, of this Mortgage or the said
<br />note, all the rents, rcxcnues nd Income to be dery :d front the mortgaged piermscs during such tint: s the ntortgage,ndehted -
<br />ness shall remain unpaid: and the Mortgagee shall ha\c poµer to appoint anv agent (,r agent, if may desire for the purpose of
<br />repairing said premises and of rentnp the same and cofleabir the rents. re,enucs and income .utd it ntar pa\ OW of ,:rid in-
<br />comes all expenses of repairing ,aid premises and necessar\ comnitssion, and e\pense, inuured i❑ renhng,Ind managing the
<br />same and of collecting rental, therefrom Ilx balance
<br />-elnt nnmg. If any. so hr .replied to•...;rd the discharge of caul ntongeoc
<br />indebtedness
<br />R. That he will keep the rmpio,estent, nom existing o• hereafter erected : >n the mong.tpcd proper!\, tn,uted a, nt:(y h
<br />required from tines to lime h the doilga,gee against loss h\ fire and or }ter hazard,. a:stiainc, .Iced contingencies in such
<br />amounts and for such prr.ods a, may tie required hp the Mortgagee and µs11 pay err :mplh. uhcn clue. ens prentrrsm, on inch
<br />it»uratec provision for paymem of µhush has not been made hereinhefore 111 insurance 111,:1'. !k- •, :•fried In cpntp;ulrc, ap
<br />proved by the Mortgagee and the policies and renemats thereat shall be held by the 1loi!tage:.urrt h:, \c attached thereoo lo„
<br />payable ciaises in favot of ltd in form au;eptahle to the Mortgagee Ili event of I.— Mortgagor sill tine rntnredrale notice h\
<br />mail to the Mortgagee. whu Pray :Hake proof of loss if not made prornpil\ h\ \ton! ( r :aid C 101 msurvtu•
<br />contpu11 c Irl
<br />:crned Is hereby aistttrszed and direacd to make payment for such lo„ din at;, to ill,., ii t}:: instead of rn the M uva4 IT
<br />and the S1c +ttg :ytce ins :ul\ ;nd the tas oar e me ceeds. ,; any part thereof n t h - ap; loco h•, the \I ,rt,e,,ge: if rt, +,peon e Hher
<br />to the rtductkrn of IhC nmtehtcdncss here i v wsured or , the re,n r two or is e s r ,f the Isiapc l: d nt reed in e+rr,1 f I ief ,,,
<br />sine of this nfottgugc or otter transfer f tie r( he mons.aged pf perm in e vn I> unnn(ent ��f the tndci re ee uu?f ft h i
<br />,711 rllt)ri. title and MEete,l [ t the W1Jrlgag(- tJt InJ 1p anti huninee pi0t, ,c, then ,n Ir*ee h I I he pt r h;,,,! , ltc
<br />That
<br />av tdoowrial and t 1a e tl 4- a il% f r Orr ianiew If Ill, t- e , rmc i. , t 1 L cunt,
<br />ns-?(O, Kr. he Mfr,geago hrrvh a sty.n to he Mt og,tgre ,ft nmhl, rc,cf a 'he vb!, .ow her <t „ 1 : I ha
<br />Mofigag' -f
<br />1 lsk' In :Ind i t Ind I ! '. ,C r ;Ill p t •.n,f,. 11 h, e ti t t t
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<br />ia"d CT r7 'd -, ! ,r Utt: fl nd ra,ah,c !,Iii ,)l,,il It.zi:K .,.., .. t'I, ,fl'Il�,rt
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