(a) Ou
<br />(b) (10
<br />$6-- 103915
<br />-------- 41) ate hrarMetd- s•rr+rt a rrsn- a„ce-r of 111 irf tr deal q"vide•mrhf! Oder
<br />A Sum equai to the ground 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, phis taxes and assessments next due
<br />on the mortgaged property (all as es:fmared b)- the Aforrgagrei less, all suns already paid therefor divided by the
<br />number of months to elapse before one month prior to the date when suds ground rents, premiums, taxes and
<br />assessments wig 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 of this paragraph and all payments to be made under
<br />the note secured hereby shall be added together, and the Segregate amount !h:zre• f shall be paid by the Mortgagor
<br />each month in a single payment to be applied by the Mortgagee i„ the io lowu!g, perm in the Lr c; set forth
<br />44 tim ch li ertintilm to eentrart�+f- it►anrarrer.s�tf+� - - girth- .,- lk+eratrr axeF ►�inerrAe+K�r runt,
<br />(-- - -err mxttirlrehar3e 'M m+r ;. �rttre- sRe mart a -----------------
<br />I) round rents. taxes, assessments. fire and other hazard initrianct. , rcm :toms,
<br />(II) M interest on the note secured hereby; and
<br />(III) amortization of the principal of said ❑oie
<br />Any deficiency in the amount of any such a _kgrcga:c M, !; ", ba r, unless made good by the Mort-
<br />gagor prior to the due date of the next such pa%•rtre•i !,% r t ,i deiati'.i under this mortgage The
<br />Mortgagee may collect a "late charge" not to exceed tout cents (4t,-) for each dollar (S1 f ofeach, raiment more
<br />than fifteen (1 it dt:y s in arrears to COxe! the extra exnL tie; !nvt.icc !t! handlin_ donn,luent payments.
<br />:3. That if the total of the payment- made by the Mortga_,or under (t), I p.:- a--raph ° preceding shall exceed
<br />the amount of payment.- actually made 6% the 1lorigagee for - -iwold rent -, fa•:, - anti :t-- essmen!s or in =uran, c pre-
<br />miums, as the case may be, such excess, if die loan is current, at the op of the Mortgagor, shall he credited by
<br />the Mortgagee on =ub-equent payment- to be ma}eel6N the Mortgagen. or relundod to the Mortgagor If, however. the
<br />monthly payments made by the fllorjg[ . r under !'k of paragraph = nrei,cdine r••t!1 net be sufficient to vac ground
<br />rent, taxes and a.�;sessmenis or insurance premium., a� the ca-e mar bo -hers the -ame ;hall become due and pay-
<br />able. then the Mortgagor shall pay to the Mort-,agee any amount nece -sary to make up the deficiency, on or before
<br />the date when payment of such emund runt =. taxes. as,essmentr or in= urance premiums shall be due. if at am
<br />time the Mortgagor .shall tender to the Mortgagee. in accordance %%ith the prn> i.sions of the note secured herehv.
<br />full payment of the entire indebtednes- repro -ented thereby, the Mortgagee -hall, in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor ell- peyweais tnex ntidcfs fhC- ,2-
<br />44ereef wkieh the W erctttrgaenrtkm- �cerr !an-(lihro�irrg- �1=rb-3n-tber ittjmtenm-
<br />anel -any balance remaining in the fume- aPetimilaied under the pro%i -ion- of.1luf paragraph 2 hereof. if there
<br />shall be a default under any of the prati -ion- .,f till- rnww ve resulting in a public male of the premises covered
<br />hereby. or if the Mortgagee acquire= the proneris other% %i,r after defatili. the Mortgagee -hall apply. at the time of
<br />the commencement of such pro( d- ,,r it the time the properly ;- othvr %ki -e acquired, the balance then remain-
<br />ing in the funds accumulated under?]; of paragraph ' preceding.:a- a cri•dii again -1 the• -moons of principal then
<br />remaining unpaid under said nnie.+d .%tai {+r «yw1 - adjuts aWw {ta.rwNttrl«i�ss+L:haia.laFw -tadµ urtd fa
<br />4. That the Mortgagor %sill pet gr •md ren!1. ta%c+. asses rtua! v area rr.It ind other governmentai or municipal
<br />charges, fines. or impositions, for which prusis,on has no! been mad, heremhcior: ,,ni: in default thereof ilr•_ Mortgagee may
<br />pay the same. and that the Mortgagor %sill Mon!rt y deli%er the ofitcia rec,!rt, thercf- to the Mortgagee
<br />5. The Mortgagor will pay all taxes which m % he !c%ted upon the %,rip, :ec•e 1 Interes! in sa:J real estate and improve-
<br />ments, and which may he levied upon this mortgage or the de!,: secured here's 1`•w onl% to the extent that !rich is no! prohibit-
<br />ed by taw and only to the extent that such mill nor make this loan 1;s1In%u;s1 huh e%,ladrng ::n% income tax. State or Federal.
<br />imposed on Mortgagee. and will file the official receipt showing such p:yrnvnt ",;h the Mortgagee. Upon %lolation of this under-
<br />taking, or if the Mortgagor is prohibited by any law now or hereafter em,ttnc front pa%ing the w ho'v „ran% portion of the afore-
<br />said taxes. or upon the rendering of any court decree prohibiting the :%mint , the Moilgagoi or an% +rich taxes, er if such law
<br />or decree provides that any amount so paid t+% the Mortgage) shah he :reJIfcd on r,hc mnngagc debt. the Mortgagee shall have
<br />the right to give ninety days' written notice to the o%sner of the morrg:reed ,rr hula, rc:;u!r,n; fire payment of the morlgage
<br />debt. If such notice he given. the said debt shall become due. pay able rind 01HCenhlr .,I the espnalion of said valet\ day s
<br />6. That should he fail to pay anv sum or keep any cu;eriant pn,%aded fo, n: !h!+'dorigagc. then the Mortgagee. ;:! its or
<br />tion. may pay at perform the same. and all expenditures so maJe +hall hr added t„ Ihr um m%Ing on the above note.
<br />shall he secured herehv . and shall hear interest at the rate set forth to the +aid note ,r no! p:nd
<br />That he hereb% assigns. transfer, and sets over to the Mortgagee, to he applied iow:,rd the rawmen! of the note and all
<br />sums secured hetehy n, case of a defautf in the perlormame of any of the tern,• and enndtn.m+ of this . Moriggge or ;he said
<br />note. all the rents, revenues and income to he Jerwed from the mortgaged premises Jurng +ush lime a1 fhe mortgage indebted-
<br />ness shall remain unpaid: and the Mortgagee shall he.e power to appoint an% agent I,r agent, it m;,% desire for the purpose of
<br />repairing said premises and of renting the same and collecting the rents revenue, and income, and it mac p a% out of said in-
<br />comes all expenses of repairing said premises and necessar% commissions and expenses incurred it. renting and managing the
<br />same and of collecting rentals therefrom: the balance remaining, if any, to he applied toward the discharge of said mortgage
<br />indebtedness.
<br />S. That he will keep the improvements now existing or hereafter erected on file mortgaged property. Insured as may he
<br />required from time to time by the Mortgagee Wants! 1011 h, fire ;ind other hat ;Ird, caxudttes and contingencies in such
<br />amounts and for such periods as ma% he required by the Mortgagee .anti "Ill pay proaipr;%. when due, any prenuwn+ on such
<br />insurance provision for payment of which has not heen made herctrehefore ,411 insurance shaft he carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof shifl he held by the Mortgagee and have attached thereto loss
<br />payable clauses in favor of and in foal ;,%:-eptaHe !" !hc Mongagee In r%cnt of toss Mortgagor w ill give immediate nonce !,y
<br />mail to the Mortgagee. who may mai.c rroof of loss If not Maur promptly h% 4turtgagnr, anti each insur;Incc company con-
<br />cerned is herehv authoriz ^d anti directrJ w make ra%rnent for such loss directly h, the Mortgagee instead of to the Mortgagor
<br />and the Mortgagee foinrl%. and the I "v,m,e t•!otwc4'. or ail part thereof. ma% he arrlw i b% [tic ,\lortgagre of it, option either
<br />to the reduction of the indebtedness ri :•rch� secured er 1i1 [tic lesh.,ratton. or sera:, ,,I Ow property damaged. in c ent of foreclo-
<br />sure of this mortgage or other transfer of title to the ❑ orlgaged proper,% in t % . u!u,lhment of the indebtedness secured hereh% .
<br />all right title an i inrcresf r,f the Mor,g icor In oral n, en% tnsnr,mt c r••hoc% Oi r r , !.c shall pass to the purchaser or grantee
<br />14 'that is iJ nnna! ivtl c,+lla!s.•, .glom, f „r fhe m,% Tire,;! of the nn t .,t . , , d and all sums to become due undo Ili,
<br />!noftitage. !hr MLrtg :ca heteh, ., =gas !,I Iht Mortgagee Ali pn,hr, fc,er .tc,. ., :,, ;rr +. rights and benefit accruing n, the
<br />Morig „}tor imd :•r nn% au, od ,n: L';;-, Peale, .n said prcmiscs..:,rh the right t,, Ic.Cr,r and receipt for the same and app)%
<br />then) t” 'did mdri =twine:• n, sus -:Z h<.+ : _ .,%af t. l,fc ,lf in The %onduu,r,, ,,, tu. nr , :IC rs .,n%f !tic Mortgagee maw demand, stir
<br />for an! rr :,wcr ,. ,.rLh •rev+ - ,et ,h :_ rod pe }at :1r lash J. -, n. * hi +a+.. g,amenl I, To fr!nnnaie
<br />•f :�J
<br />9.,143V 19.741
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