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r 86 103443 -- - - - - -- +fit- n+e+rttlr- pr„,r- rn,trbne- gage- •!hr- s:Mei+- :trang�r lrnesa„erptemn,n.�rr- erodes- hrprev,drand+irekkl- -------- �+tf+- st�c•� faycauct�- prma.tta. sir► iitss. caWCara.. at- �cwcwq.arw.larsarr�.wi�r�t -P -tub. -------- a46MAd Fions111 *cl. — 11sellded. sod appli Rr*rrrestest+ler wr*rrr------------------ -- 41i+ - - -is- ssiong>K .srrceFe+ert -: rri+ eMiy ,- tlrc- See rem.y -of Fian.n+fr-ur& -- - - - - -- U b- - Derebpnrcnr- trrnew hly el Igo f+n I*-.bj+nr e�eraneepre+rri fpft Wilielli 8JISH ix-titrtlir ►».iki►+i;F1i -sE eee�igo i per- eeMUrtroi -,ife- ---- ---- errthrrorreetrlpnxd tieeartaicm1t�trtecue. preprymend------------- (a) (10 A sum equal to the ground rents, if any, next due, plus the hrenitum; that will next bezome due and payable on policies of fire and other hazard insurance covering the mortgaged proper.}, plus taxes and assessments next due on the mortgaged property (all as es.imated br the Alurtgagcc i less all su ;:s already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiarns, taxes and assessments will become delinquent, such sums to be held by Mortgagee Ili trust to pay said ground rents, pre- miums. taxes and special assessments, ; and (b) (aD 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 aggree trr arrntnt ti;c eof sl�all he paid by the Mortgagor each month in a single payment to be applied by the Mortgagee t:: the follo.eing +tetras in the order set !orth - -4H---- PFe Mil ++lte cttetXerutseter+itc�wr+trse[ fYnse+rn* rwrt�t�� ->;e- inert -+ fic+trsmt erre#�Yirar! Be+ekrprtxne - - °- rrfletrn a -- °- ____ -- --- ermontMrrharrrlr j n rY3v6r msnranr�r^ t+mx•. a r♦r a�rrtatrK-- --- - -- M Xi[X ground rents, taxes, assessments. fire and other haza :d .Gau; _1n:c m;remt,utts; (II) xj{jQ interest on the note secured hereby; and (III) XU amortization of the principal of said note. .Any deficiency in the amount of any such at,rcea c ::;tP •, „.I;_ ttnless made good by the Mort- gagor prior lo the due date w the next such payment. ,. :c;t :;ute ar. V%ert of d• oauL' under tlus!nartgage The Mortgagee may collect a "late charge" not to exceed lour rents Ovl i„t each dollar (S 1 ) of eacf, payment more than fifteen (1 S) days in arrears to cover the estra expcc;,c mcc:fve m handling delinquent payments. :3. That if the total of the payment- made M the Nlortrta_or ooder4)„r narncraph T preceding -hall exceed the amount of payment= actually made In the \lortgafet• for _round rent -. ta,,, - and :is- e-smont- or in- urance pre- miums, as the cage may be, such excess, if the loan i� current. at the roi:, ,.i. of (Its. Mortgagor. Shall he credited by the Mortgagee on ubscqueni payment- to bo maf;e by the hurt ,tint n re funded um the Mortgagor If. however• the monthly payment= made bi the llortf;,igor under ! )of paragraph piece li.:, shall no; bt sufficient to pap ground rent, taxes and assessments or in- urance premium:. a- the case- mat tie. .;fen the -amv -hali become due and pay- able, then the Mortgagor shall pay to the 11ort-eagee any amount necc• -san to make up the deficiency. on or before the date when payment of such ground rent -. taxi . assessment- or in- urance premiums shall be due. if at any time the Mortgagor shall tender to the iijorteagee. in accordance with the provi =ions of the note secured hereby. full payment of the entire indeb[ednes- repro -ented therehy, the Mortgagee ;hall. in computing the amount of such indebtedness, credit to the account of the Mortgagor ell-pegmeents- et w+der -4h*, Z_ �ereeFN•It+c4r- titres} ort} •s�er$a- �1vt$rnxnr- eMrr.»rttter pa�tQthe -rr eery- .rr•r'�fktntitrg•- Ord- (•=rharr-Br'cpit7prtrcm-- aed -any balance remaining in tho fund- accu „,,hexed under the proyt -ion, ofTof paraLraph ''_ hereof. if there shall he a default under any of rho prod -ton- of thi- mortLa_•e• re- tilting in a public -ale of the premise- cotered hereby. or if the Mortgagee acquire- the prnport% othemi -e after default. the Mortgagee -hall apply, at the time of =1 the commencement of such proceed' � o- it the time the prnpert% othemi -e acquired• rho balance then remain - Ing in the funds ac•eumulaied under of paragraph ° preceding. a- a credit mains; the amount of principal then remaining unpaid under .;aid note.�tadrhaU fu.+NwrJs ad}K.c aw�{ra n•rt♦ xl,.cfi. a,et111ayawta etadc.�trtdw- ,} __ 4. That the Mortgagor Aiil pi% ground rent,. t: xcs. as,e,sn;ent,. %%itei r ie . and other eo%ernmental or municipal charges. lines- or impcnni m for whtch prori,ion has no; been maic he:emb,J. ore. and in default thereof the Mortgagee may pap the same: end that the ill prompt:% deluge the officiiii re, eipt, Iheref to the .Mortgagee. 5. The Morrgagor will p:y all i,txe, whn,h m ;it he le%ied upon the Mortgagee ; interest in said real estate and improve- ments, and which may he le%1ed upon this mortgage or the Behr ,e:ured hereby thus onk to the extent that such is not prohibit- ed by law and ooh to the extent that such will not make this loan usurious;_ but exaudine am income tat. Mate or Federal, imposed on Mortgagee, and w ill file the ofh:ial receipt showing such pay men± w uh the Mortgagee. I. pon %iolation of this under- taking, or if the Mortgagor is prohihited by any law now or hereafter e m,ting from pay ing the w hole or ant portion of the afore- said taxes, or upon the rendering of any court decree prohibiting the pat merit by the Mortgagor or an% such taxes, or if such law or decree provide, that am amounr sit p;:id h% Tire Mortgagor sh;dl he ::ednrd on the mortgage dept, the Mortgagee shaf! have the right to give ninety dais' written notice to the owner of the mortgaged premise,, requiring the payment of the mortgage debt. if such notice he given. the said debt shall become due. pay ahle and colle:ohle ;d the expiration of said ninety days. 6. That should he fail to pay any sum or keep any :-oyenant pn•s wed for In chi, .Mortgage. [hen the Mortgagee. at its op- tion, may pay or perform the same. and ;i!I expenditure, so made hal! he added to the principal sum ow ing on the aho%e mite. shall he secured hereby, and shall bear interest at the rate set forth in the sand note. until paid -. That he hereby assigns, transfers and sets over to the Mortgagee. to he applied toward the pay ment of the note and all sums secured hereby in case of it default in the performance of any of the term, and conditions of this Mortgage or the said note. all the rent,. rev enues and income to he derived from the mortgaged premise, dui mg such time a, the mortgage indebted- ness shall remain unpaid: and the Mortgagee shall have power to appoint ant 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- comes all expenses of repairing saia premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining. if any. to be applied toward the discharge of said mortgage indebtedness. S. That he will keep the improvements now existing or hereafter erected on the mortgaged property. insured as may be required from time to time b-. the Mortgagee against loss h; fire and other hazard• casualties and contingencies in such amounts and for such periods as may he required by the Mortgagee and will pip promptly, when due. anv premiums on such insurance provision for payment of which has not been made herembefore. All insurance shall he carried in companies ap- proved by the Mortgagee and the policies and renewals thereof shall he held h% the Mortgagee and ha%e attached thereto loss payable clauses in favor of and in form ac. eptahle to the Mortgagee. In event of los Mortgagor will give immediate notice b% mail to the Mortgagee. who may make proof of loss if not made promptly by Mortgagor- and each insurance company con- cerned is hereby authorized and directed uo make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly . and the insurance proceeds. or any part thereof, may he applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured or w the restoration or repair of the property damaged. in event of foreclo- sure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, altright, title and interest of the .Mortgagor in and to any insurance policies then to fe•r:e shall pass to the purchaser or grantee. r, y. That as additional and collateral security for the payment of the note de scribed. and all sums to become due under this mortgage. the Mortgagor herehy assigns to the Mortgagee allolirohisi. rfx'enue,. imalties, rights and benefits accruing to the Mortgagor under am and all ail and gas leases on said premises, with the right to receive and receipt for the same and apph them to said indebtedness a, well hefore as after default in the condition, of thi, mortgage. and the Mortgagee may, demand, w sue for and recoxer any such payment, when due and payable. but shall not he required s;, I,- do This assignment I% to terminate and become null and void upon release ••r this mortgage. HUD- 92143M (9.791