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<br />Wfff A stun equa) to the ground rents ,f any, next due• plus rite prenaunrs that will nest become due and payable on
<br />policies of fire and other hazard insurance coveting the rn- rtptged property, plus taxes and assessments !text d,ic
<br />on the Inortgatced property fall at errbrrared hr, slur A ,rreagec/ toss all swirl), already paid therefor divided by the
<br />number of months to elapse hefore one month prior to the i%nte when such gnntnd rents. premium.. tare; and
<br />asseamtents will become delintluenr, such sunis to be held by Mortgagee in trust to pay said ground rents, pre -
<br />nnttmti. taxes Snit special axSfS$Stierlt5: and
<br />MAW All payments mentioned in talc Two preceding suhsectinn, [his paragraph and all payments to be made under
<br />the r),ne secured hereby shall he added together, and the aggregate amount Ikovof shay, toe paid by the Morigagor
<br />each month In a single payment to be applied by the Mortgagee to the fi,llowulg items In the aril": wit forth:
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<br />f 1) WX ar ;uad rents taxes. a% ,sir cats. Lire and s Iher hazarl nrsurvnu• rnenuunts:
<br />{ 11) iRltk interest on tiro note secured lierebv: and
<br />(1 I I) O< amorl- waturn I,I the principal of aid note.
<br />Any delicicu" in O1 t: amount of any such agglegate monthly pacrlent shall, unless ,lade good by the Mort-
<br />gagor prior to the due. date of Tile next such payrte: 1, :c;!StnutC :n scent of default under this rlongage. flee
<br />Mortgagee rrray atilee:l a "late cliurge'• not to exceed !,,c, soots tdy) I"! each dollar (5I ) of each payment nor;
<br />than fifteen If 15) ra,n r *> arrears to cover tire extra expense involved to handling delinquent payments.
<br />(a)
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<br />That if the total of the payments made by the Mortgagor under (71yN)f paragraph 2 preceding shall ex(•eed
<br />the amount of payments actually made by the Monaatgee for "round rents. taxes and il,sysswnents or insurance pre -
<br />miums, as the case may he, such excess, if the loon rs current, at the option of she Mortgagor, shall be crediied by
<br />the Mortgagee on subsequent payments to be mat e= by the Mnrtgnigor. or refunded to the Mortgagor If. however. the
<br />monthly payments made by the Mortgagor under W,f patragrrph ' preceding shall not he sufficient to pay ground
<br />rent, taxes and assessments or insurance premium, as the case may be, whin the -ame shall become due and nay -
<br />able then the Mortgagor shall pap to the• Mortgaget, any amount neceary In make up the deficiency, on or before
<br />the date when payment of such :;round rents. taxes, as 4t_s ments or insurauur premiums .shall be due. if at arn_
<br />time the Mortgagor shall tender to the Mortgagee, in accordatnce w vi
<br />with the prn-ions of the note secured hereby,
<br />full payment of the entire indebtednt -o repro -tinted thereby, the )longagee shall, in computing the amount of such
<br />indehte-dnessa, credit to the account of the i<lortgagor rtftk# art tNttrtrat» alKxxtdKKikKxtut> naeairaraaewftrGtalrwd #tracagtttt(titxix
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<br />rot} balance remaining in the fund, ccumulated tinder die provisions ( W�Ajtif paragraph "hereof. if there
<br />-hall tee a default under any of the pro%isions of this mortgage rt tilting in it public ,ale of the premi ,se.s covered
<br />hereby, or if the Mortgagee acquire- the property othonnisc• afto•r default, the Mortgattee hall atppl}, at the time of
<br />The commencement of such proceedings, or at the time the properly is oiherwr e acquired, the balance then remain
<br />ing in the funds accumulated underx�J'Qf paragraph 3 preceding, t- a credit teainst the amount of principal then
<br />remaining unpaid under -aid note. ; ItKirzt6t�Ilrpoaptx} xrndjuctlx %Krx)<xttKKxwauubiri%xiu# kits ! %KfotlxtvtHtttdatxnnfaavxxrtxx
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<br />4 Thal the Mortgagor will pie, ground rent,, taxes. as,csvnenn. sa;;Ier I.,te,. :and ether government d or municipal
<br />charges. fines. or impo,Itions, for sehu:h proyisiori ha, not been rtadc hc-n•tnhefore..!n(! in default thereof tide Mortgagee may
<br />pay the sanie: and that the Mortgagor will i rd,nrplh deh%er the official re,eipt, therefor It, the %torigaece
<br />5. The Mortgagor oill pay all t::xe, which may he ie.ted upon the x.lortgagee s intcresl to said real estate and impmtc-
<br />ments. and which in ty he levled upon this mortgage or the debt ,e.ured herehy that on;, Ie the exlem that ,rich is not prohibit-
<br />,,I by law and only to the extent that such will nor make this fi.An u,unon,l. but c•\clodmg any income t.ix. State or Federal,
<br />imposed on Mortgagee, and oil! file the official receipt ,howmlt such pay meet with the tlortgagee C`pon violation of this under
<br />taking. or if the Slurtregcr is prohibited by any low nos, ur hereafter existing from p ping the wholes or any portion of the afore-
<br />said taxes. or upon the rendering of any :old i decree prohibiting the pay menI by the :Mortgagor or any such lase,, or If such taw
<br />or decree. proOdes that uny amount so paid by the Mortgagor ,hall he Credited nn the mortgage debt. the Mortgagee Oral! It;,%e
<br />the right to give ninety da.s' 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 %hail hecome due- parahle :end :oNk::DHe ill the expiration of said ninety days.
<br />tl- That should he fail to pa} ,ern ,um or keep tiny coveriant provIded for in this Mortgage, when the Mortga ilec" at it up-
<br />ton, may pay' or perform the same. anti ,di e%penditures so made stall tic added to the principa! inn ovine on the :shove note.
<br />shall he secured herehy, and ,hall hear Inver e %t at the rate sct forth in the ,aid note. until paid
<br />. That he hereby as,ign,, transfer, irid set, ,,cr To the Mortgagee. to be applied toward the pay meat of the note and aM
<br />sums secured hereby in case of a default in the performance of any of the term, and conditions of this Mortgage or the said
<br />note, all the rents. revenues and income to he derived front the mortgaged premise, during such time as the mortgage indebted -
<br />ties., shail remain unpaid: and the Mortgagee shall have power to :appoint any agent or agents it may de %ire for the purpo,c of
<br />repairing said premises and of retiring the wart: and collecting rite rent,, revenue, and income. and iI ma} pay out of said in-
<br />cones all expenses of repairing said premises ;rod ne es%airy Commission, and expenses incurred ni renting and - ina gong the
<br />same and of colteciing rental, therefrom: the haiance remaining, if any, to he applied toydnrd the discharge of -id mortgage
<br />indebtedness.
<br />S. That he will keep the impro,cment, now exi,ting o• hereafter erected on the mnrtnahed property, insured as stay he
<br />required from lime to time by rile Mortgagee ae.uu,t fo„ by fire and other haiards. c.nualtie, and contingencies in ,rich
<br />amounts and for such periods ara may be required by the Mortgagee and will pay prompliv. when duc. ;:tit premom, on such
<br />insurance provision for payment of which has not been made hereinhefore. All insurance hall he :arricd to companies ap-
<br />pruned by the klorrgagee and the policies and renewals thereof shall he held by the llrrlgagec and tu,.c atla,hed thereto Io„
<br />payable clauses in favor of and in form, arceptabfe to the lortgagee In cent pf Ios, llorigagot w Ill give ,mmediate notrCe by
<br />mail lo the Mortgagee. who may make prt,d,f of foss if net tirade prompi!y by Mortgagor. and cash oi%uravcc Comp any coo
<br />cerned is hereby authorized .end directed w make payment for such !o,s due:dy t„ the \1„rtg.wcc• Instead of n, the Mortgagor
<br />and the Mortgagee )viaiNl, and the in,r ran e pre teed or any pat thereof. trui., be 1 f cc 1 , the %I ;gAgee it its p u n e 111rr
<br />ro The redo ton klf the indch -Cdne booby a uvel ur lo the rc -ration Cr repjjr m he , p ci c i vol Ill If ! , e c!o-
<br />sure of this morigagr or other transfer of tine „• .he m.,rrgage i pw.nvcrlp ,n eklinym ,.:,tent "d the ondehiddnv, ,:c sr d ne,ehd
<br />Al right, title And interest of the Mortgagor m and to ant rnsor,oi- we, then m torte Oi+ oil t.: o ;iu :'ors h.,,e • ; i. Iwzee
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<br />N That As ,ddrn nr and e, hrd _stunts t i lhc pak mew esf !hen I !c snscd. .,III! 'on" i , r e r (w undL Inv,
<br />ticrtgrlte, the klmtozigor hcreh ++ ts,nr - I rr M rigxarc ! proln re c w r,+,! a !w hl, i"neN, ro h<
<br />hlortgs,yo,r urviv'r am end 01 ,ol _nd t. ;._ I..n; 1 :. ri i r: toss,. w,th ahi t..h! !o _.< .0111 !1" ,hd
<br />llaeni to :mini tnicblOnes s ell °si fate a. A!, ,_ ddt „air! . the d n -ti•. w i,,1 1t at. _, .,! �u,
<br />hif sus d 2N: ,.e; ii #Tl i h r. -. .rS - x,14.1 di,. ,.v,t i ofrail ,e. 1, 't” P .
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