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. �►�wlnra��wtna 86-- 1039934 ca tons t�areui or 11W in I 11111111111 (1 If >>� A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable or, policies of fire and ,other hazard insurance covering the it property, plus taxes and assessments next due on the mortgaged property tall as estimated b}, the Mortgagee) 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 - `miunts, taxes and special assessments; and (b)(* All 'payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured Hereby shall he added together, and the aggregate amount thereof shall be paid by the Mortgagor each month in a single payment to be applied by Elie Mortgagee to the following items in the order set forth: (bi �tR7pbber> dma�enttrLtxrtitt: obiN ><sosecrfi>otwo®arxiabctiwtTrsx t��> uticit�tXtciatRtaetUclmlthwt >i>kcre(iwptftttttx, �nr�x�XNl�xxJ+ a�gQd4rxtFr�> ft. 9pllF�+ l�ii��i' H�liii7� >f�ti�S1Fi'F�M��113Htii;<zx (1) *k ground rents, taxes, assessments, fire and other hazard insurance premiums; (11) plflJf interest on the note secured hereby; and (I i 1)WJyfit amortization of the principal of said note. Any deficiency in the amount of anv such aggregate monthly payment shall, unless made good by the Mort- gagor prior to die due date of the next such payment. constitute an event of default under this mortgage. The Mortgagee may collect a "late charge" not to exceed tour cents (4j) for each dollar (S 1) of each payment more than fifteen (15) days it arrears to cover the extra expense involved in handling delinquent payments. 3, That if the total of the payments made by the Mortgagor under *Aolof paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee for Lround rents, taxes and assessments or insurance pre- miums, as the case may be, such excess, if the loan is current, a[ the option of the Mortgagor, shall be credited by the Mortgagee on subsequent payments to be mate by the Mortgagor, or refunded to the Mortgagor. If, however, the monthly payments made by the Mortgagor under xcrf paragraph 2 preceding shall not he sufficient to pay ground rent, taxes and assessments or insurance premiums, as the case may be, when t(te same shall become due and pay- able, then the Mortgagor shall pay to the Mortgagee any amount neces;sary 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 am time the Mortgagor shall tender to the Mortgagee. in accordance with the provisions of the note secured herebx_' . full payment of the entire indebtedness represented thereby, the Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the MortgagorJtlxyj� ,t4 ;h4Verwtisiooc oEdulnf nuaoeac�__ >._ -- - - -_. - ..- - .. ... ... .. ..... ...t...:n...r.w..w...ww/ /�nMAwMnAaiMinq/�1Umxxx Pxxx Mtr7M Pine= and any balance remaining in the funds accumulated under the provisions dp% 4,pf paragraph 2 hereof. (f there s all be a default under any of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee 'acquires the, property otherwise after default. the Mortgagee shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then remain- ing in the funds accumulated under�XGat)f paragraph 2 preceding, its a credit against the amount of principal then remaining unpaid under said note, a #xgQkk£��xx ."VA" a. That the Mortgagor will payXXNtixrnttatxa ltBxXxx�a6nRrc�otxfDk X,cxrutxR101atXkxz7mdttA7 �DDC>[trt1UO[Aq�OtXXrptl�Ot?�CC charges, lines, or impositions. for which provision has not been made hereinhefore. and in default thereof the Mortgagee may pay the same; and that the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee. 5. The Mortgagor will pay all taxes which may he levied upon the Mortgagee's interest in said real estate and improve- ments. and which may be levied upon this mortgage or the debt secured hereby (hut only to the extent that such is not prohibit- ed by law and only to the extent that such will not make this loan usurious). but excluding any income tax. State or Federal. imposed on Mortgagee• and will file the official receipt showing such payment with the Mortgagee. Upon violation of this under- taking, or if the Mortgagor is prohibited by any law now or hereafter existing from paying the whole or any portion of the afore- said taxes. or upon the rendering of anv court decree prohibiting the payment by the Mortgagor or any such taxes, or if such law or decree provides that any amednt so paid by the Mortgagor shall he credited on the orortgage deht, the 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 be given. the said dept shall become due, payable and Collectible al the expiration of said ninety days. 6. That should he fail to pay ant sum or keep any covenant provided for in this Morlgage, 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 owing on the above note, shall he secured hereby, and shall hear interest at the rare set forth in the said note. until paid. 7. That he hereby assigns, transfers and sets over to the Mortgagee. to he 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 conditions of this Mortgage or the :aid note, all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage indebted- ness shall remain unpaid; and the Mortgagee shall have power to appoint any agent or agent, it may desire for the purpose of repairing said premises and of renting the saute and collecting the rent,, revenues and i cane. and it flay pay out of said in- comes 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 an), to he applied tow;;rd the discharge of said mortgage indebtedness. 8. That he will keep the improxernents now existing cr hereafter erected on the mortgaged propert}, insured as may he required from time to time by the Mortgagee against loss by fire and tither hazards, Casualties and contingencies in such amounts and for such periods as map he required by the Mortgagee and will pay prompllt. %%hen due. any premiums tin such insurance provision for payment of which has not been made hereinhefore. All imurttuc <h : +ll he carried r Companies ap- proved by the Mortgagee and the policies and renewals thereof shall he held by the Mortgagee and hate attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor ,kill give munedmte notice by mail to the Mortgagee. who may make proof of loss if not made promptly by Mortgag,n. and each insurance contpanx cerned is hereby authorize) and directed to make payment for such loss directiv to the :\lortgagee ntstc•ad of to the Sfortg;igor and the Mortgagee joioily. and the insurance proceeds. or any part thereof, may he applies! hN the Mortgagee al its optiutt either to the reduction of the indebtedness herehy secured or to the restoration or repair of the properly damaged In event of foreclo sure of this mortgage or other transfer of title to the mortgaged propertt in extinguishmrnl of the utdchtedncss secured heretic, all right, title and interest of the .Mortgagor in and w any inaur;utcc policies then in fors .hall 1+1111 to file Puri hascr +,, grantee• 9. Thal its additional and collateral security for the payment of the note de,cribed..nnf all ,um, t,+ hecomc due on,icr this mortgage, the Mortgagor herehy assigns to the Mortgagee all prnlit,. rc%enue,. r „value,. nghl, and benefit, ,,ccnung I,+ file Mortgagor under any and all oit andg:,, (eases on sad premise,. with [tie fight t,+ keens .md i.,cipt for the ,.uue .ind oppl, them to ,;out indebtedness as ,%ell before as after def:11111 n; the condiu,an .,f till, m+ 'g,+t1c .md the %10rts:;tcrc r.i,,s d, ni,ntd ,tic for and recover am such payment, when due and payable. hilt .11:01 n,,I hr and hccomc null and void upon rclea,c• of this nkulg,rgc o „ '9n