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fay A Burn equal to the ground rents, if arty, next due, plus tite premiums that will next become due and payable on
<br />policies. of file aid other 'hVArd' assurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged" property Jell as estimated bt, rite Alorrgager) less all sums already paid 1 herefor divided by (fie
<br />number of months to elapse before one month prior ht the date when such ground rents, pretruums, taxes and
<br />assessments` will become delinquent. such starts to he held by Mortgagee in trust to pay said ground rents, pre-
<br />f� mtutrrs, taxes and spectral asses tneuts; and
<br />(b) 14 All payments mentioned in theawe'pre;eding subsecitonj lit this paragraph and all payments to be oracle under
<br />the note secured hereby shall be added towther, and the aggregate amount theiew shall be paid by The Nloitgagoi
<br />each month lit a single payment to be applied by the Mortgagee to rile following items to the order set fords:
<br />I J��•�f) grotend rents. taxes, assessments Sire and ,+tiler hazard Insurance premiums;
<br />interest on the note secured hereby; and
<br />III ( } amortlrauon of titre principal of said note"
<br />Any deficiency ht the amount it( any- such aggregate monthly pavinent shill, unless made good by the Mort-
<br />gagor prior to the due ;late of the next such pavnie•,t, tt,nslitule an event of .iciault under flits mortgage. The
<br />Mortgagee may tollec: a "late charge" tot it, exce,rd ha.r ntt t4v) Sot each dollar is I t "t ; ,r, It raynient ,111114,
<br />than fifteen f 1 ) .4i,, s rn arrears to cover the extra, expense invoivrd in dandling, tichnquerit i apntciiis.
<br />Rot
<br />That if the total of the payments made by the llortcasnr und{4)t,4 if paragraph i prereding -hall exceed
<br />the amount of payments actually made by the llortkagve for !`r(vund renlr, taxes and a= sessments or in- uratrce pre -
<br />miums, at the ease may be. such excess, if the loan is current, at the option of the Mortgagor. ~hall be crethted by
<br />the 1Mrtgtagee on subsequent payments it) bo rude by the' Mortgagor, or refunded to thv Mortgagor If, ho;sever, the
<br />Monthly payments, made by the INhxtgagor under yfr) of paragraph ? preceding shall not lie sufficient to pav grctund
<br />rent, taxea and u-.- essmenl- or insurance premiums, as the case mar be, %%fief[ (ht! same shall become due and puv-
<br />able then the Mortgagor shall pay to the Mortgagee arty amount metes. -ary to make up the defic•iencv', on or before
<br />the date when payment of =uch ground rent(,, taxo-,, as,essmenta or insurance premiums shall be due. If at am
<br />time the Nfortga€or -hall tonder to the'llortgagtoe, in accordance with the provision- of the note secured hereby,
<br />full payment of the entire indehtednesr represented thereby, the Nforigagee shall, in computing Use amount of such
<br />indebtedness, credit to the account of the Mortgagor
<br />utwi.any balance remaining in the funds act umulated under (lie provisions of yK) of par- agraph '? hereof. If there
<br />shall ire a default tinder arry of the prtvi -ion- of this mortgage, n— ulting in a public -at(- of the premi -es co%ered
<br />hereby, or if the Ihtrigagee- acquire, the property otherwi -e• after default, the yh,rtg(aj!ee ,hall apply, at the tint, of
<br />the commencement of such prot e4,• ifpr. or, at the t,m,> tit,• prip,rty - ethos, -o acquin•d, rho balance th,n rcmain-
<br />ing in the fonds accumulated urefe$ of pantprapb ° prci,•thng. a:- a tredlt .,g.iin -i rho amouto of priurtpal (lien
<br />remaining; unpaid under -aid note. atiol -hall properly adlit-i acs payment- +shirk -hall hat, ht•,n mad, ,;;der fat
<br />of paragraph 2,
<br />J That the llortgawot w,H p.r, gi,ntnd r: =x, Lots ,,sc,snrar. w,nt•r •itt's .arid line° g4, " „clnmrnl.ai or nutmcep:d
<br />charges, tines, or imposition,. for ,yhl,h rr+ai,ton he. 11„1 rte, n m,edc hCICIO'CIaie. -di,i m defaoif lhcreof the Llongokrr m.,y
<br />pay the sane, and that the %longaror w ill promi,liv drioe, aloe olh, ,.,' +c• trot, therefor in the \(engage,
<br />9 The !tforgagm wrl! r:a, .,r laze, µh,.ii ma, he ics,ed .spun for Lf.utg,egcc', mit•rr,f in s:usl real c,t.nc .o:d onpro,e-
<br />ments, and which may ht tested nr,,,t this moitgage of the dcl*t ,c, pneo he shy phur onit re the csiew that such is not prohibu-
<br />ett by law and only it) the r\ient that %twh will lot make the, lean n,unotai. hill t•svluding: any income tax. State or t edcial.
<br />imputed en vlortgag;ee, and will rile elic oflival r;teipr show Iag sir, 1, 1,.,, nienf with the sslorfg,,gec i pon violation ..I on, under
<br />taking, or if the RfnngaEor „ pt„brhited tv-, any t,w now on cwreafirr , si,nng from pat ing the u hole of any portion of the afore
<br />said taxes. or upon the rendering of any tour( dc: rte pr oolong the r,,y ment by the Mortgagor or any ,uth taxes, or if such law
<br />or decree provides that any amount so p,od by file .Wrig.igot shall he , redned oat the mortgage debt. the %lortgagee shalt hale
<br />the right to give emery Jays' written n„iise o, the ownet of the rnorigagcd premises, rcgmnng the payment of the mortgage
<br />debt If such notice he gown. he s,od debt ,halt become due pay ahi, . ind , otictuhte if the exrna icon of said mner d ,%,
<br />N That should he fall Ill n— ,any ,tiro or keep ant t w., r;nilt pr.,,idcd for tai till, ll,ttgage” ihc,s the !.baig.,gee. ,,f if, .,p
<br />than. niae pay of ptrf,inr+ the ,.,roc. ind all esrendrturt•s ;,i nt,,de shall he added it, file pnntipj'; slim uw ing, +n the eho,e note,
<br />shatl tx secured herchs, and shall hear rnicre•,i .,t the r.ilc sct forth m the s.tw note. t o l peed
<br />?. That he hereby as,ign, transfers and e•ls o%cr to the kiongagee. to hr applied tow.ird the pat meat
<br />I the n,ar and - +It
<br />sums secured her:hv in ca,c ill default in the perforni.ince of a tit of the terms ;;rid conditions of this %Iof fg,egt or the s,ee,i
<br />note, all the rents, revenues and income to he derived from the mortgaged premises during. such time is the m.n (gage indchied
<br />ness ship remain unpaid, and the lfortgagre shall ha ,.e power to ippoini illy .igent or agents It may dc,ue for the rtirre,c of
<br />repairing Maid premises and of renting the same and coile.ung the rents, revenues and mtonae. and n may psis ,or if s,nd in-
<br />comes all expernes of repairing said premises and neces,ary commissions and expenses .nvurred In periling and managing the
<br />santeand of collecting rentals therefrom: the balance remaining, if any, to be applied to%..rd the des.hargc cif ,.rid mortgage
<br />indebtedness.
<br />R. Thai he will keep the emprnvements new evtsnng o, hrreditrr crested on the mortgaged properly, in,ored as may he
<br />required from time to time by the Lortgagee against lit„ by tire and other haeard,. :a,ualoe, and :onlingvntrc, in su,h
<br />amounts and for such peraxfs as may he required by the Aortgagee and will pay premeds when dur..an, rreanum, on ,nth
<br />insurance provision for payment of which has not been made befeinhe(oir 411 insurance shall ht• , rried in v,vupantes .q)
<br />proved till the Mortgagee and the poh.ic, and renewals thereof shall he held by the llortgagrc mid ha,,: ,,ltd, hed rlecrth, N„
<br />payable clauees in favor o: and lit form acseptahle Wei the xiorigagce in event of loss 4for(g.gor wall iti,c Inmie,hetr notes 1+y
<br />trout to the Mortgagee. wbu tit.y make pratif of loss if not made promptly hs Molife,;of. and c.nh tits,nan,: ,onir.,ny ton
<br />earned is hereby aullnrrlled and does teal fit snake pavment for tech Ills, dtreclly ill fhe isloilgagec instead M r,i (he Niortgagoi
<br />anti the Morlgtagttt tomtit, and the msuramc proterds or ,ny pare thcrcof mat hr eflpitr,j 6% the R1orfg.,gee ,11 it, onion rather
<br />to the rvdu"son of the erpkbtedites, hereby secured or it, ihr i c -nn amen of rcr or of file rr„rcr(% d:anagr.i In r, rill of fore, In
<br />cure of this mortgageor other, taansfet of title ter the mortgaged pfoperr, in ci,tingin,haicnt of !hr m0ehicdoc„ -,•1 hricl,v
<br />it) itttht, title and interest of flit hlorlgaillin in snit 1411% trl„it'in, r l"ll" le, (lien in far, r sh.d'ra , T-1 the ,,ui, h.." .N 0,nice
<br />+ That at addition tl alt4l l?Itaterl /l ,thirty lur the pd, n,r'r,i ,,f the .I,,, t„i,lcr !ht,
<br />titwttyagK, the !ti,veg.,it.r th'Jehy Assign%to iblei ,orlvg,ee ,17 or „It,, rrvrnue, r, tht ,id I „ ,stns; I,• eh.
<br />Sfvrtttntitn under 41, .. 1 . n „! and ita, 1ea,cc „n , 11 pr. nine, vvuh the :,gi,a ', r., ,< it , 4,p. ;ii: •., , r.,, ,
<br />!tarn
<br />IV, s,nt! anti o Int,. r„ welt t , -f, Ire o, after defeat ,n flit' ,ondirt..n, ,i th, „ ,.l
<br />fr,r .end:rt..,ser nnv so,h ;,a,R+eniv ..h, °a,lw , na pavahte hue efi -.,Ii , u• Ise
<br />dtid hCvot,/C rltii: ,and +:O . :(i +n. :Ci(a,c of •tin •,..,tikkCt'
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