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,-- ---?T- —r <br />�KXx <br />(a" A Burn equal to the 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 assessments next due <br />on the mortgaged property fall as estonated h.V the Mortgageet less all sums already paid therefor divided by the <br />number of months to elapse before one month prior to the date when such ground rents, prennums. 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 />(b)(Xk All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under <br />the note secured herebv shall be added together, anti the aggregate amount thereof shall be paid by the Mortgagor <br />each month in a single payment it) be applied by the Moneagce to the following items in the order set forth: <br />;, fiEkxxxam[ Rt1�iN�1txh6�esfsxsmimadoxxtnamranttoiiinct[ oat�sxvatk> rx�txxxxotmx�sif�zxif ;�tt»,taaa�i>5x <br />�t}���pc ' 1txA4Kttpcottfxxi�Rffi�xpr ,�xxxxxx <br />(j) (3W ground rents, taxes, assessments. fire `and other hazard insurance premiums: <br />interest on the note secured hereby: and <br />t III) k 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 Morl- <br />gagor prior to the due date of the next such payment, consmule an went of default tinder this mortgage. The <br />Mortgagee may collect a `late charge" not to exceed four cents 144) Gtr each dollar (SI ) (ifeach payment more <br />than fifteen (15) days tr arrears to cover the extra expense involved in handling delinquent payments. <br />:3. That if the total of the payments made by the Mor[gagor under )60 of paragraph 2 preceding . =_ hall exceed <br />the amount of payments actually made by the Mortgagee for _,round rents, taxes and i esyments or insurance pre- <br />miums, as the case may be, such excess, if the Icon is current, at the option of the Mortgagor, shall be credited by <br />the Mortgagee on subsequent payments to be made by the Mortgagor, or refunded to the Mortgagor. If. however, the <br />monthly payments made by the Mortgagor underi0of paragraph _' preceding shall not be sufficient to pay ground <br />rent., taxes and assessments or insurance premiums, as the cave may % be. when the .same shall become due and pay- <br />able. then the Mortgagor shall pay to the Mortgagee arty amount nr ce ; -any to make up the deficiency. on or before <br />the date when payment of such ground rents. taxes, ass_, - ment.= or insurance premiums =hall 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 indebtedness represented thereby, the Mortgagee -hall, in computing the amount of such <br />r <br />indebtedness, credit to the account of the Mortgagor XDilt�pxpinttntx)mF) Cam[ t( �eE7[ ixxp➢ q1' ip7t01[lUOitXOCeca�e[s�AlObr7L' <br />: �kf@ ktFtrhl+ iiS�ftl�lEx�x�tx�x7�14xxatnlxhefirefoxxahtieAkachlac�wpxwclhczSuaame: vt :xkiditotsmo4[xx�c+ral�flxxaut <br />jqj any balance remaining in the funds accumulated under the provisions of)(Oof paragraph 2 hereof. if there <br />shall be a default under any of the provisions of this mortgage resulling in a public sale of the premises covered <br />hereby, or if the Mortgagee acquires the property otherwise after default. the Morigagee Ahall apply, at the time of <br />the commencement of such proceedings or at the time the property is other %ise acquired, the balance then remain- <br />ing in the funds accumulated underl $X paragraph _' preceding, a- a credit against the amount of principal then <br />remaining unpaid under said no[ e. xtmitpfl7il[ 1G1t% JG] i) tK�txntY %i1G]FIGIiKOCJNtIAC91X)t if)F)Cx <br />itfc3xlpL1o�H6et;rr <br />J. That the Mortgagor will pas ;;round rent,. taxes. a „esuncnl,, water r,de,. and ether gmernmentaf or municipal <br />charges. tines. or imposition,. for which provision has not been made hereinhefore. and in default thereof the \lortgagee ma% <br />pay the same: and that the Mortgagor w 111 promptly drifter the official receipt, therefor to the \lortgagee. <br />�. The Mortgagor will ptx all taxes which may he tested upon the Mortgagee s interest in ,aid real estate and improve - <br />mcnts. and which ma} he Levied upon this mortgage or the debt secured hereto (hut on!\ to the extent that such is not prohibit- <br />ed by law and only to the extent that such trill not make the, h,. :n u,unou%i. hur excluding any income tax. State or Federal. <br />imposed on Mortgagee, and will file the official receipt Showing sash pax rnent wtill the Mortgagee Upon violation of this under- <br />taking, or if the Mortgagor is prohibited by any law mm or hereafter exi,ring from paying the "hole or ant portion of the afore - <br />said taxes, or upon the rendering of any court decree Prohibiting the payment by the Mortgagor or eny such takes. or if such law <br />ordecree provides that any amount so paid by the Mortgagor ,hall he eredned tin the mortgage debt. the Mortgagee shall hate <br />the right to give ninety day, written notice to the owner of the mortgaged premise,. requiring the payment of the mortgage <br />debt. if such notice he giten. the said dept shall become due, pa:ahlc ,slid ollectihle at the expiration of said ninety day, <br />6. That should he fail to pav am sum or keep any covenant provided for in thi, Mortga_e, then the \lortgagee, at its op- <br />tion, nray pay or perform the ,amc, and all expenditures so rtt;de shall he added to the Principal ,nm ow ing on the ahm e note, <br />shall be secured hereby. and shall hear interest al the rate set forth in the said note. until paid. <br />That he herehy assign,, transfers and sets over to the Mortgagee, to he :applied toward the pa\ rnent of the note :end ail <br />sums secured hereby in ca,e of a default in the performance of any of the term, std conditions of this Mor]gage or the said <br />note, all the rent,, revenues and income to he derived from the mortgaged premises during such time as the mortgage indchted- <br />ness shall remain unpaid. :Ind the Mortgagee shall have power to appoint any agent or agent, !t may desire for the purpose of <br />repairing said premises and of renting the same and collecting the rents. revenues and income. and It may pay out of said in- <br />comes all expense, of repairing in(] premise, and necessar, aanmissions and e%pen,es incurred in renting and rnanagutg tine <br />same and of collecting rentais therefrom: the balance ternianing, if any. to tic ipp!ied tow : :rd the discharge of ,:ud mortgage <br />indebtedness. <br />S. That he will keep the nnprotements now existing o, hereafter erected on the mortgaged pr+penr. insured a, «ia% he <br />required from time to time by the Mortgagee against loss hi tire and other hazards, casualties arid contmgenrics in still <br />amounts and for such periods its mart he required by the Mortgagee and will pa} pronipth. x, hen due. ant premutnis on such <br />insurance provision for payment of which has not peen made herrmbefore : kit insurance ,hill! he carried in :oinpamc, ;,p <br />proved hp the Mortgagee and the policies and rcnewals thereof shall he held by the Morigagee :,till hate :etiached thereto loss <br />pa} °able clauses in favor of and in form acceptable to the \lortgagee. In even] of loss Mortgagor w %It grit mimcdiate nolicc hi <br />mail to the !fortgagee, who may make proof of Ins% if not made promptly by Morig0lu3r. and each Insur nce conipans con <br />cerned is hereby authorized and directed to make payment for such lo„ direcll,, to the Mortgagee instead of to the \long:,ger <br />and the Mortgagee it +iiuly, and the insurance Pn,,:cCd,, or art part thereof, mat he applied ht the Mortgagee at its orluon either <br />L to the reducm,n of the indehtedix,s ho,+% secured or rn the restoration or repair of the Pnmcri\ d.unaced h, ct enl of trrirr <br />sure of this, mortgage or tither tran,fe ei title to the mortgaged pioperlx nt exungm,hment of the urefebtedne„ ,es urvd hetehx . <br />Al right, title arid mtc.e,t of the \l,sttgi,gor re and to:mq itisurante Pope!,, then m tome shalt P , ,r the rmch—e• of rr,:na•e <br />`i 'Pial I, add!ttimi' snd ollatrra! ,e.orwt fot ?he past mcnt the note de„- nhed..:nd ..h ,irn, r., hrcnm; dui imtte! Iht, <br />trx,timage. It>r &lottgagor hcret,y n,sign, 10114e Mt,rlcaiee al! t +!„ht,. rc•ta-mie, t;.t.uttr�. •eht, ,nit] heneiir• „,.rinnc In the <br />Miirigargix wkfer an4 ,.nd'40 +rrl and ytas i, °.,', „e sand Premises Irh the nght t., fc;cr r .anti !c.of'! to: the ,w),: .and ,ippit <br />them to surd eakiehtedness ire , +sett kvrore ws Atcr i,ct mill no the :.:v :,ininn, :,t iht, wti4,ck' nib she Ma,tta,::ctc uiat Jt m.,•tJ <br />1w 'Ind net.. s, any su,h pat meat_, e.hul I mid p;11 ,00V ha:] .hs!i n „1 l, ;._flair,' ” ., Ih1, 1 ri +nur,i!i <br />and in-cr?nii° r. u,! ,lad , „_ a t* ,• ese�x., sass; rg,r¢e <br />i�� <br />