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86-- ;.03373 belde - + }wdtla.fttadc sa Yale arts a► " - wswustt 6e -- ,or-- ----_ (a) (b (b) (alp A sum equal to the ground rents, if any_ next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property. plus taxes and assessments next due on the mortgaged property (all as es:f» tared by the Mnrtgagce) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pre- miums, taxes and special assessments, and All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shall be added together- and the argrrgate amount thereof shall be paid by the Mortgagor each month in a single payment to be applied by the Mortgagee t., the following items in the order set forth: -- {{j --- pxrRiMar�herEex ��de+•tfte- ctrntreet t>f rtlararxcwnMke•$ecretarr -d sme strd�irFrmrElrveloptt►enl - ------- -rmcmthl (haige¢il * erref- mnnFrrtrirrsarvrrrt7 *rnrmmrasrlr-cyse- marl+e ---------------- (I) XXX ground rents. taxes, assessments. fire and other hazstd in surancc premiums; (II) interest on the note secured hereby; and amortization of the principal of said note. Any deficiency in the amount of any such aggregal, r i.attl ..c shall, unless made good by the Mort- gagor prior to the due date of the next such pa_:mr,t. sonsnmic an event of default under this mortgage. The Mortgagee may collect a "fare charge" not to exceed tour cents 44gj for each dollar (S 1 ) of each -payment more than fifteen 05 1 days in arrears to cover the extra exp.n,e involved to handling delinquent payments. 3. That if the total of the payment made ht the Nlortezeor under�j)of paragraph 'l preceding shall exceed the amount of paments actually made by the Mortgagee for around rent=, tame and assessments or insurance pre miums. as the case may be. such excess, if the loan is current, at tine op: ton of the MOrcgagor, shall he credited by the Mortgagee on subsequent payments to be malie bt. the Moripgor, nr refunded u. the Mortgagor. If, however. the monthly payments made by the Mortl:agor under 41)of paragraph precedine. shall not be sufficient to pay ground rent, taxes and assessments or insurance premiums. as the case mar be. Shen the same shall become due and pay - able. then the Mortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when payment of such ground rents. taxes. assessments or insurance premiums shall be due- If at any time the 4ongagor shalt tender to the lorteaeee. in accordance with the proyi =ions of the note secured hereby. full payment of the entire indebtedness re pre -tinted thereby. the Mortgagee shall. in computing the amount of such indebtedness, credit to the account of the Mortgagor a!� pevn+ettty +t+t :tidE tlt� +steps�4�a%�f- patatgsapka �- itereeFwhie}+- thy,41or4 eeara��tet�Cn +s*- crMi�ttet!t�pac the eetrt33t- aing- ard- rrbatr-Bet�fnpmettt-- and-anv balance remaining in the fund- accuontLtted under the provisions dt4lClof paragraph 2 hereof. If there shall be a default under any of the proxi =ion- of thi= mottga -,e resultimg in it public sale of the premises covered hereby. or if the Mortgagee acquire= the proportt otherwi -e after default. the Mortgagee shall apply. at the time of the commencement of such proceed}}++� or at the time the properrx is othensi -e acquired, the balance then remain- ing in the fund= accumulated under )1, of paragraph 2 pre, edtng. a> a credit against the amount of principal then remaining unpaid under said note. anJ ++LI- pcwp«rJa -:+d} t :+ww$xy+wwu.xlwtf�.k+xlllaJ lwcu�audc.rtatic+c'R -of rerterraph 2 4. That the Mortgagor udl pay ground rent. taws. assessments_ eater rates. and other governmentai or municipal charges. fines, or impositions. for which pru,rsion has net been made hereinhetore. and to default thereof the Mortgagee may pay the same: and that the Mortgagor u ill prompt4 delo er the of wi ::d recetpts therefor to the Mortgagee. ?. The Mortgagor will pay all taxes uhich mac he iesied upon the Mortgagee's interest in said real estate and improve- ments, and which may be levied upon this mortgage or the dept secured herehs shut onl•. to the extent that such is not prohibit- ed by law and only to the extent that such will not make this loan muriouo. but cxcludmg any income tax - State or Federal, imposed on Mortgagee, and will file the official receipt showing such pay wept u ith the Mortgagee. Upon violation of this under- taking- or if the Mortgagor is prohibited by any law nou or hereafter existing from paying the whole or any portion of the afore - said taxes, or upon the rendering of any court decree prohibiting the pat merit ht the Mortgagor or any such taxes. or if such law ordecree provides that any amount so p:,id by the Mortgagor shall he credited on the mortgage debt. he Mortgagee shall have the right to give ninety days' written notice to the owner of the mortgaged premises. requiring the payment of the mortgage debt. If such notice he given. the said debt shall become due. payable and collectible at the expiration of said ninety days. 6. That should he fail to pay am sum or keep ant covenant pro\ided for to this Mortgage. then the Mortgagee. at its op- tion. may pay or perform the same. and all expenditures so made shall he added to the principal sum ou ing on the above note. shall be secured hereby . and shall bear interest at the rate set forth to the said note. until paid. 7. That he hereby assigns. transfers and sets over to the Mortgagee. to be applied toward the payment of the note and all sums secured hereby in case of a default in the performance of any of the terms and condittons of this Mortgage or the said note. all the rents, revenues and income io he derive([ from the mortgaged premises during such time as the mortgage indebted- ness shall remain unpaid: and the ;Mortgagee shall haze power to appoint any agent or agents it may desire for the purpose of repairing said premises and of renting the same and collecting the rents. revenues and income. and it may pay out of said in- come. all expenses of repairing said premises and necessary, commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining, if any. to he applied toward the discharge of said mortgage indebtedness. S. That he will kee^ the improvements now existing or hereafter erected on the mortgaged property. insured as may be required from time to time by the Mortgagee against loss h; fire and other hazards. casualties and contingencies in such amounts and for such periods as may he required by the Mortgagee and will pat promptly. when due. any premiums on such insurance provision for payment of which has tit been made hereinhefore. All insurance shall be carried in companies ap- proved by the Mortgagee and the policies and renewals thereof shall he held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mortgagee. who ma} make proof of loss if not made promptly by Mortgagor. and each insurance company con- cerned is hereby authorized and directed to make payment for inch loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee iointh . and the insurance proceeds. or any part thereof. may be applied by the Mortgagee at its option either so the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclo- sure of this mortgage or other transfer of title to the mortg., gad property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor to and to an% insurance pohaes then in force shall pass to the purchaser or grantee. 9. That as additional and collateral securit\ for the payment of the note descnhed. and all sums to teen 11 �f this mortgage. the Mortgagor hcrcb\ assigns to the Mortgagee all profits, revenues. royalties, rights and lxttfflt�asc�ti t the Mortgagor under ant and all ,rid and gas teases on said premises. with the right to receive and receipt for the same and apph them to said indebtedness as well before as after default in the conditions of this mortgage. and the Mortgagee map demand, sue for and recover any such p :nments when due and payable, but shall not he rcyurred so !o do This assignment is to terminate and hecomt null and sofa upon release 1 this mortgage. Hu6.97143M 19-791