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<br />(a) fjtk A sutra equal to the ground rents. if ,+ray', next due. !thus rate prernitnns that will net: become due and payable i,n
<br />policies of fire and other havard insuraace covering; t!:e mortgaged prolxrt,i, plus saxes and assessments next due
<br />Oil the mortgaged properly ?all as t'stintate.f by rin> dkrrtea,2crr less all runts already paid there! i,r divided by the
<br />number of months to elapse helorc one nionth prior to the date uhc•u such s rrwnd rents. prenrunrs. taxes and
<br />assessments will become tfelin(7ttent, such sums to he Held to Mortgagee ill *rust to pay said ground rents. pre.
<br />miums, taxes and special sasessnreats. and
<br />(b) jilt) All payments mentioned in the two pwceding subsecn:rr, ,,f this paragraph and all payments to be made kind o
<br />the note secured hereby shall he added ttgeiher, And the a4;regate a;nctmt thercol ,.hall he paid?nv the Mortpagot
<br />each month in a anode payinrnt io he applied b%= 'it,- older set forth
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<br />(I) XN;C ground rents..taxes, assess tents. fire and roller !lava""; maurance pit. nuuills:
<br />(II) I" interest on the note seemed itcrchy::ud
<br />(M) JHW aroo tbation tf the prim trai of said noiL.
<br />Any detiaencv n; the amount rl airy such a�.rrgatc nu,nihiy raylnent shall, unto., made good by the Mort-
<br />gagor prior to ore dire date e,f the next such arc e%ent of &iatrit under this mortgage. The
<br />Mortgagee may coilect a "late charge'• not to exceed !11 c; ;.cnis l4Jl ;ol caclt ;more
<br />than fifteen f i ; i ti ;: %s it arrears to cover the exist expense niv'olved err handling ae!mquent payroerns.
<br />3. ]'flat if the intal ref the payments mach, b% the Mortgagor under j )t'vl paragraph 1 preceding shall exceed
<br />the amount of payment- atctuallc made try the Mortga;!ee for ground rent -. true- and arse- -mcnt< or insurance pre -
<br />miums, as the case max' be, such excess, if the lane is current. at the option of die- Mortgagor, shall be credited by
<br />the Mortgagee on subsequent payment- tit be made by the Mortgagor, or refunded to the Mortgagor. If, however. the
<br />monthly payments made by the Mortgagor under,Cjrq,f p :uagrapit ' preceding shall not be sufficient ro pay grewnd
<br />rent, taxes and assessment- or insurance premium_ a- the ca se may he. %%hen the same -hall become due and pay-
<br />able.. then the Mortgagor :hall pay to the Mortgagee airy amount ro-4 • sary ter mako up the defit- wro-y, on or before
<br />the date when payment of such ground rents. tavt�, assessment- or insurance promiums -hall be due. If at an'
<br />time the Mortgagor shall tender to the Mortgagee, in :accordance with the pro%is ion.- of the note = ecured hereby.
<br />full payment of the entire indebtedno-= repre -ended therehy. the Mortgagee -hall, in computing the amount of such
<br />indebtedness, credit to the :accorrn of the Mortgagor :gE�gq�fyttXtg3t�typ JtXj�lEXllr� ('lCiE7tR9fxRflCiX7taE X
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<br />>jR*any balance remaining in the fu.•J- accumulated under the provisions of r'h; of paragraph :.r hereof. If there
<br />shalt be a default under any of the• provisions of this mortga!tie resulting, in a publir -ale of the premises ru%ered
<br />hereby, or if the Mort"agee act ;wires the properly other +ire after default. the Mort- gagoc' -hall apply. at the lime of
<br />the commencement of -uch proceeding -, or at the time the property is oche r%i.r a: qutrt•d, the balance then remain -
<br />ing in the fund:= accumulated under of paragraph :' pre( a- a credit .again -i the amount of principal then
<br />remaining unpaid under -aid note. ;ixjtx*x{17MA4 * K) ikjmckAxx 3pxxKltwx.*f d7tnCkx -kxiQXtxMX )iXxxAmxkxmxkxxKk
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<br />4. Thal the Mortgagor wd; p.o% g"Tiol i rents. laxe,, a „e,smenrs. u;+!c'r r.ue,. and :!titer !oternmental or municipal
<br />charges. tine,. or imposition,. for ki to h pro%i,eon hair not beer 'nntic hereinhefore . ;and io det;mIt thereof the )longt jgce stay
<br />pity the same. andihat the MtrtL gee % %dt p 1 1{ ly tattler the th, ear! re cipl, Ihere'lue Io the ki .rlizagccC
<br />5. fie Mortgagor till pay .nl t:exe, .,hi,:h may he le %led upon the Mr rtgagce , nieres. in said ee ;d e,sne and urpro%e-
<br />ments, and which rnaN be 6e%tea upon the, ntorigace +rr the dell se %toed hereh•. shot tin!: to !hc extent that uch i, not prohibit-
<br />ed by law and only to the extent thra ,rich ail! not inakc lit, loan usureousl. huh excluding any income iax. Stale or federai.
<br />imposed on Mortgagee. and %Ili the the offioaf receipt shoo rng,ucli pav nient with the Mtalp.agee. 1. pon %iohutm of this under-
<br />taking. or if the Mortgagor is prohii'rl.d by ;,it% tau nov% or hereafter existing from pa }ing the %%hole or any portion of the afore -
<br />said taxes, or upon the rendering tf ;tn% court decree prohihi ing the par meat bN the \tongs or ur any ,uch taxes, or if such Lot
<br />or decree provide that in% amount ,o paid by the "durtgagoi ,kd! he credited on the mortg.lgc debt. the Mortgagee shall hale
<br />the right to give ninet% days' %%mien nut5ce to the ouner of the rrortguged premi,c•,, requiring the: payment of the mortgage
<br />debt. If such notice be given, the ,aid debt,Jial! hcconic due. payable and :oiieciihiv at the :\pica ion of ,.rid ninety
<br />h. That should he fall to tray any sum or keep any co%enanl pro%ided for in till, Mortgage, then the Mortgagee. ; :t its q^
<br />[ions may pay or perform the ,:rue, and all expenditures ,o made shadl he added to the primapal stem owing on the aho%e note.
<br />,hall he secured herehv. and ,hail bcai Interest at the rate set forth in the said nose. until paid.
<br />'. That he hereh% I.SIM11, tan,fer, and sets over to the Mortgagee. to he applied toward the payment of the note and a!;
<br />,urns secured hereb% in %:,i,e of a default in th a
<br />e performance of any of due rernr, nd condition, of this Mortgage or the stud
<br />note. all the rents, revenues and income to he deri%ed from the mortgaged premise, during such time :,, the mortgage indehled-
<br />ness shall remain unpaid: and the Mortgagee shah ha%e power to appoint any agent or ;:gents it may desire for the purpo,c of
<br />repairing said premises and of renting the same and collecting the tent,. re%enucs and mcarne. ;and It may pa
<br />e y alit of said m-
<br />comes all expenses of repairing said premise, and necessa n
<br />r% commission, .end expense, incurred in rentieg :and mansging the
<br />same and of collecting rentals therefrom: the halarl remaining, if any. to he applied tou;,rd the d!,chatge ,,f ,irid mortgage
<br />indebtedness.
<br />8. Than he will keep the impro%en:ents no'a existing or hereafter erected on the mortgaged prvperty, insured as m::y he
<br />required from time to time iy the Mortgagee acain,t !o„ by tire and other h.ic,rii,. casualties and conlingencic, In such
<br />amounts and for ,uch periods as ne;ey he required by the Mortgagee and till pay promptly. when dr:e. in% premium, + +n such
<br />insurance provision for payment of vehich has not been made he rein before ..\11 insmcutce .hail be .::tried m eomp;rnic, ate
<br />proved by the Mortgagee and the policie, and renewals thereof shall he held by the Morippec .end hr:%c .tnacilcd therclo 4o
<br />payable clauses io fa-,or of and in form scceritable to the Mortgagee In e%e:nt of lo„ Martg.:gor %, li give ttnn,edi :,tc mince h%
<br />mail to the Mortgagee, whir :nay make proof of loss if not mode proviNK h% Mort” ;icon. ;11111 dicta insrrrancc .ontpan% c,rn-
<br />cerned is hereby auth!ri!cd and directed to make pwi ent for such lo, dined% To Ma11 Iz.ee nr t t to the Mort e r :'a
<br />and live Mortgagee jot itt%. and tha n,tuan%e pr r:ceds or ant, p err hen % I m he of I i l I s the Mnrlg eta . rr et, e l ll dhcI
<br />to the reduction of the indcblednc , hcrfi ccurcd e r the r, ,t i trot ,r ref 1!r t ten `t l uu I In e % nt f Ior .o
<br />sure of this mortgage or outer tr n fc r of title to the mortgaged l r pe r y in % uutgu h c r t Of till mirk t rc„ s n e etc •%
<br />alt right. title and interest of the Morigagor in and to tiny in,uu +nee pohclns ncOn to "';LC
<br />9 1hart =. .%ddilir.n I end c rf rttr ri .% rarity fur the ..%mc r! f the noic t !u 'r:!i r :hl, }
<br />aaartg:,ue. the L[ortg.apc. hcrrhy .o„igns t.r the M%r ..ecr e I prllits.:.
<br />Mt- rrgagor under cant and ;d! .di .,nJ V.— Ic,esr, on ,sod p :c rrnr,, 11 till r! ;..!hi i nl iCc. IPI !1,r xis• arcm anp'e;';
<br />tix,o to 1,110 rridehtedecs•, Al %%c .' !"'ro . :IfIN a!rtt+lt Ili MI:
<br />.1 ,awn ;r :,, in• !. > :.,....., .. • 11r _ ,., .
<br />fn and re„ . ar., ; p,'N nett, ,,...:1 doe .,std
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