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86 -1030
<br />(a) (oCt
<br />(b) (a4
<br />A sum equal to the grouna rents. it 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 (all as es :inured b )' the Mortgagee) :ess all cur; s a ?ready paid therefor divided by the
<br />number of months to elapse before one month prior to the Late when such ground rents, premiums. taxes and
<br />assessirtents 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 />All payments mentioned in the two preceding subsections ui this•paragiaph and all payments to be made under
<br />the note secured hereby shall he added together. and r! r :iggrezarr arr,,i; ^: `hereof shall he paid by the Mortgagor
<br />each month in a single payment to be applied by fh� Mortgagee I.• the h,J„w!ni1 tieW, in file on, r: xt forth
<br />-- 41�- - -'—'P rgetvoderfhe-toR+eet( - t"YWO"r r+h".- !u -.r�! arcs.!- I�t+tt7trte- +rreel••t�rivarr -Fib rlr,�ntrnl
<br />-------- rrmrmtftIrthat'ge Oil, r>' ietrvf -mnetgatr•inmrmr-e -,,-- r- m - e- ,--- -- -- - - ----
<br />-
<br />(I } ( ground rents, taxes, assessments. Intel arid ofhe- hazard m,•.i :a :, :rnttums,
<br />(II} M interest on the note secured hereby, and
<br />(III) I= amoruza4011 of the principal of said little
<br />Any deficient} in the amount )f any sue! uues made gull t >% the Mort-
<br />gagor prior It, tfic• due date of the neat sucl l,atu;c Jc;.ru' unJr! c? rv,.,,, t ac° The
<br />Mortgages may collect a "late charge' not 10 C.(C eC,I lulu IS Itii 1 j„r caeh dto9,,! t� f I u! ea,h r7, Silent rtl Oic
<br />than fifteen If I S I dk; s in arrears to C„cet the e:%tra ern.. . !1':k, hr ui t,ar,di >nc 'el:nqueni pa menu.
<br />:3. That if the wim of the payment- made b% the lfort':!:'or undcr(9) , r ^r.,_;raph _i preci•dtng -hall rkceed
<br />the amount of payment- actually ri adt by --r-Ind �iortfapet• for n„fnd r,i,t . t:., . .ins a. -,,, -moil- tie to -wan, v pre-
<br />miums, a: the case mat" be, s
<br />much excess, If ihc loan I, curs -:u, at ncc ,,; . •: of tit, sfoflga;or shall tic cmdite'd by
<br />the Mortgavgve on sub oquent payment - to he mailrb; the lllortgaw—i. untied I,, tilt• Moripagw If. howr%rr. the
<br />monthly payments made In the Mortgagor under '11) of par.teraph _ 1, :c t_'i,11 ,!•,1!i of tx suffuum to pa% ground
<br />rent, taxes and a .e sment_- or insurance premium -, a- tht' d it -e n,a\ t t :, !be -time -hall become due and par
<br />able. then the Mortgapor ;hall pay to the MorteaFee ant amount nrrr ,in to male up the deficiency, on or before
<br />the date when payment of such ground rent,. taxe a-- e-sment- or in-oLoce premiums shall be due. If at ant
<br />time the Mortgagor shall tender to the Mortgarc-v. in ary orlancc with th" prow t ions of the note secured hen-lrS,
<br />full payment of the entire indebr.ttdnes- rolm -ented then,h%. the ;lortga},ke -hall, in computing the amount of such
<br />indebtedness. credit to the account of the Mortgagor a44ltewrwewt:.rnenlre«dc� r}�}tH►vi�csnr,Afl,,�ci p►cagsaNh
<br />he"OF-whieh file Motirsere�har trot brcrtm.- �atrtttrrrartrrthe- �'IM r -. rrr'�Dt+ Il M3 - rL-an}i�rbnn-fit'ttlojmrem --
<br />aerd -any balance remaining in tho funds accor.uiwed under the prod -ion- of(1[rof paragraph 1 hereof If there
<br />shall M• a default under an of the pro%i -tort- e1 III- nmftga2e re- idling !n , public -ale sit the preml -c•- cosen•d
<br />hereby. or if the %iortgagee acquire, the propf.tt: rnj i r,,j— after default. in,, ljort¢;teer hall apph- at the time of
<br />the commencement of -uch pro <aed � ,.r at ihc Sim,• th, pri,pvrt, :_ att:cru, c acquired, th,• ha!ance then remain-
<br />ing in the fund- accumulated undrr of pant riph _' peso 6:ne. a- r1-di! .op.nn,l the amount of principal then
<br />remaining unpaid under ,aid n"tr -. ,( .I, to tu„p�r1+ .rd,,,.t a,., pa,o,.,ru ►;al..ei..u. 1 kw�,.ye,. a,,d„i1iiey•� ,, --
<br />oF paf trfrly -:L
<br />That the titorigagor it p.n croand rc•ni, la .r .i „cs,",cu;, tc :ids .,no other ko,crnmenhi, of mumclral
<br />charge.. fine.. or m,ros :ho, I,•r whxh rr,.,,I,I;,n ha- •n f,: V?! ^:.,,e heIc•nt - , ,n,i In,Icfei I Ih,rrol 11,c, \Sortg:,f;er mad
<br />N\ the came .red that the Mot tgapor .k:li rtrompi., deh,er Ihc• „Ih- ;: fC - e,ra Inert I I., the Mortgaget
<br />The Molt a of u111 at. at! !:INC, whl,h nia, h '
<br />g g r r ,caeca . :eon tilt ^.1„ ic,e r , tnicrev m said real eat : ^r and Imprn,e-
<br />meni,. and u htnh rn:o hr Ie, tcd upon tht, r ihc der urn.: hr: e f* ul , ,. the c• %icni that such I, no! rioll -
<br />ed ht law and orris ro the event that vrch will clot hake In„ Tian usun,lu•, but v .,girding an% incofnc t,,c. ',late „r t edera;,
<br />tmposed on Mortgagee and wilt rile the s *filial rr,efpt ,how rig ,;,,h t.., mrrr. a uh ihc k1orlgapre t pin %i„'anon cif this under
<br />biking. of d ihc Mortgagor I, prohihrted h% an: Liu nook or helrafte c-1frig If.un r.,+mg the ,h,,:c or ant portion of the aforr-
<br />said taxes• or upon the rendering of arts court de,rre prohibiting the r :, mrut r, rite Mortgagor or anc ,uch ia%r,. or it such law
<br />or decree proknde, that am amount so paid ht the Morip g ,• ariar he , reviled or: the rr„rtgace deht. the Moripayce ,hall hake
<br />the right to give ntnett dirk,' ur;ucn nonce to the owner :,f rile mortpaer,t ; ” :rr,,. :, requiring the rakineni of the mortgage
<br />debt. If such noloce be given. nce sand debt ,hall he,omr duc pa%arle .ind ,olln uh ; .,t Ihc ekpualmn of ,aid ntnev, o.r.,
<br />6. That should he fail iv pas ,,lit sun, or keer am c.' t.,,., nte,i 1"; a, !nn Morig act. then the Mnrigaper al it% op-
<br />tion, may pas or perform the same. and al rkpendiiure, made ,.,." !,v td.,jV,i I, th, rnnc!ral Burn owing on the aho%e note.
<br />%hall be sr, urea heret,% :ind %hai! hear interest at the r -o- ,c t lorih w me tats note vnui rind
<br />That hc• beret-, .,smgn% ir,o,sfrt, and cell "ter to the Mortgager ho he enrt!ed tow .,rd the ra %niew of the Rote and all
<br />,tans scoured heteh% o; ,air of a default in the reriornan,r of ant of ihc term, .ind ,ondilion, „f the, Mortgage oar the said
<br />note. aft the rent,. rc,enur, and Income to he dcrioed from the m„ttgapr,! rrcrn.,e, J„r;ng su,h uric .t% the mortgage Indehted-
<br />trest shall remain unpaid and the Mortgager ,hail ha.e rower to er,p,,iw ,,,•,k agen, „r .,pent, tt me% de -ire lot the putpose of
<br />repatnng said premise, and of renting the saute anti crd;e:ung the tent, rr,e,tnc, .,rot Mc„me and ,t ma% ra% our of card in-
<br />come, all expenses of repairing said premise, and necessar} comml%sions and rxren,e, incurred in renting and managing the
<br />same and of collecting rentals therefrom. the balance remaining. It an% to hr applied toward the discharge of said mortgage
<br />indebtedne %s
<br />N. That he wdl keep the improkement% now e%t,ting or hereafter erected on Ihc mortgaged property, Insured a, maq he
<br />required from hone it time• ht the Mortgagee against I "., h her .Ind „ihc• halerd, .:i,ualnes ;rod :oritingencie, in such
<br />amounts and for such period, a, ma% the required by the Mongaprc tnJ will pee r•,.,,;r!;, . when airs ank prcmrum, on slich
<br />insurance provr%lon for payment of which ha, not heen made he,-,nhef,vc 111 ,m„ran,e ,hal; be ,arned in :ornparnes ap-
<br />prtl%rd by the Mortgilgre and the p hoc, and renews, there,,f ,hat! tic hell fit ihc Mrnpagee and ha,r atra,.hed thereto lo%,
<br />payable tiao,c, in fa%or „t ;ind in form ,— CINlehlc i,, lht Mortgages In ckcrt of !,,,, Mortgagor ,kill prtic Immediate noh%e ht
<br />mast to the Movgagre who ma} make proof of loss if not made rc,mPi;, h% s1,•;Igag,.r ,ind each in,u,.I ,r , ) p. con -
<br />cerMd it herehl, authonYeef and dire,ttd o make t ,meni for such io%%dirc,fh to the Morgegee tn%irad of n, the Mortgagor
<br />andthe Mongrgee tomtit .led thr r„utao,r r, d - or an, Pall thereof m„ tic rr ,c -.; h, 'he Afotlgagec ail t,oPUk!n either
<br />to the Tr- fuitlstn cif the mdehle ine„ n rehk w,ute i u :,• the re,tor,,non or r eP , I i c properf % damaged In c k ens of foresio
<br />sure of this mortielige, or other Itamhrr of rttir to tht fro•, tpapc,i rroven, m e k; ,, ,.,rrN of the indebtedness cetured hereto ,
<br />aff tight, true and , riot+ o! nct� slo,ig;,ew o, and I,• .o:, m,00nr :, c r, ^sir, Ihc, :.,i,c ,hall pa%k to the purchaser or giNntec
<br />4 flier a% lid file nal ar " . ,Fri,rr+i see ur,lk !nr the rak o'ent „ f the mole r ,hcd :rod 'all %umt to become due under this
<br />MOrI9;##C. the• M, .Iga }-'f hr eh :..; }rn, in the Mortgagre ,,a Pr,ht, •rte "Ot - •,.t4tr, right% and benefits acirtuinlr to the
<br />MkritFkgor ultdrr au, and ao ,,,i tons pe„ 'eases ,.r sail rarm„r, ;i: the nph! t, re,r„e and feceipf for the same and arrk
<br />tffem nit sa :r,drhtrdne„ a el. fti! ^ore .,, at Per drt.i,, rt,n the r,Ju ,..! th K, wr =n+, !tic Mortgager rnak dcmanti %tic
<br />far x143 e ,, cr scat :u,h r„ one ,, when <feu ilia pa,ahlo I o ,ha ma ht• •r,;,.,,., .. ,,.. 1 >.r, a_I orncnl , ,,, terminate
<br />anti rK,e,rhe,9„t'x! O x,. ;r 11, :r;racN t?It- rt,:Hlfttlpr
<br />„d'i 921433 fir lot
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