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<br />A .cunt equal to the ground rents, if any. next (tile. plus the prentiurns that will next become due and ,arable on
<br />policies of fire and ether hazard insurance coverjng the mortgaeed property. plus taxes and assessn[ents next due
<br />on the mortgaged property (all as esti+ttated by the ,th)rt_tagcc% less all stints already paid thetelor divided by the
<br />number of months to elapse before Line month prior to the date udren su'lt ground rents, prertuun[s, taxes and
<br />assessrnettls will heconre delinquent. such sums to he held Ity Mortgagee in 'rust [o pay said ground rents. pre -
<br />miums, taxes and special assessntrr.fs; and
<br />All payments mentioned ITT the two preceding subsections of !his paragraph and all payments to he made under
<br />tine note secured hereby shalt be added ro,>zther- and the agpr,eAtc arnounl tile, c„fShall be paid by theAlortgagor
<br />each n[ur[Its in a single payment to he applied b,� the Mtir[�agee to the tollrnvine items Ill the order Sol forth:
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<br />(1) 121"OUnrl Icnts taxes. assenmenls. tiro and other hazard insurance premiums;
<br />(I 1) 000 interest on the note secured herehv: and
<br />(t 11) f amortizarmri of the prinefpai of said note.
<br />Any deficiency it the amount -if any such aggregate monthly payment shall. unless -bade gaud by the MorT
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<br />gagor prior it) the ("tic -fate of the next such pax Ie. I i,;l;SIMuc an event tit default under this mortgage. The
<br />Mortgagee play collect a "late charge" not to exceed I'na ,:cuts f-(,t) for each dollar (SI ) of each pay[nenl minx
<br />Than fifteen (15 1 J , s In arrears to cover tine extra expense involved in handling delinquent payments.
<br />(a)
<br />fhal if the total of the pintent= made by rho llortganor under /rtxxnf paragraph 1 preceding =hall exceed
<br />The amount. of payments actually made by the llortea2riv for eround rents. Taxes and r e:•smenls or insurance pre -
<br />mium =, as the case may he, such excess, if the loan is current, at the option of the Mortgagor, shall be credited by
<br />the Mortgagee on subsequent payments to be made by the Nnrtgagor, or refunded to the Mortgagor. (f, however, the
<br />monthly payments made by the :Mortgagor unde�of paragraph ? preceding shall not be sufficient to pay ground
<br />rent, taxes and assessments or insurance premiums. as the case may he. when the same shall become due and pay-
<br />able then the Mortgagor =hall pay to the 1lorteagee arty amount necessary to make up the deficiency, on or before
<br />the date when payment of =uc•h ground rents, tax( -, as =e- -ments or insurance premiums shall be due- If at am
<br />time the Mortgagor shall tender fit the 11origagee, in accordance with the prns'isions of the note secured hereby_
<br />full payment of the entire in debt edne .s represented thereby. the 11orl,_,agee -hall. in computing the amount of such
<br />Indebtedness, credit to the account of the Mortgagor :Nfk�t{iWFrtMitdrxtTii2(rKK# Sit) ftPg14F3 {i§pxitl4Ajc�Nti1!!{thx�x
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<br />wltt( any balance remaining in the fund accumulated under the provisions t trttof paragraph 3 hereof. if there
<br />shall be a default under any of the proyl.-;on- of this mortgage resulting in it public sale of the premi -es covered
<br />hereby, or if the Mortgagee acquire- the property ofhen +ice after default. the %Iortgagee shall apply. at the time of
<br />the commencement of such proceedings or at the time the property i- orhtvtvi -e acquired, the balance then remain-
<br />ing in the funds accumulated underIM paragraph 2 preceding, as it credit atTainst the amount of principal then
<br />remaining unpaid under said note. N+ ttX�ttttLtryryrrltou (nrxsd;yaXpcyyatx�rs.M . -; x�„ <# ralkrtttratXrbttt >+xmtaotttxt¢t�leK�ctxx
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<br />a That the kforigagor toil! n::y grt and rent,. Lixc,. a e riiem,. u•Ilcr r tc,. and other governmental or municipal
<br />charges, fines. or impositions, for ,t huh pro ,.,ion has not hecn made hcrrinhc(e n and in default thereof the Mortgagee may
<br />pay the carne: :arid that the :Mortgagor u ill prompik defier the otiicial Tccetpls therefor it., the 3lorigagee.
<br />5. file Mortgagor "ill pity all talc, u lu h m:rx he icwed upon the Nloripeee', in[ere,t in ,aid regal caste ;Ind inipnrve-
<br />rnc tit.. and which m.[v he levied upon tht> morn age „r tho:.fcht ,ccured hcrehy li,ol ooh To tilt' extent that ,u'Al i, not pruhihil-
<br />ed b% low and only to the extent that ,Lich ,rill not make thi, 'pan uwriuu,:. huT excluding any income lax- State or Federai.
<br />imposed on Mortgagee. and will tilt the ollictai receipt ,hmrutg,uch pa%mienl a ith the Moll'Vagoe l: pon yiclanon of this under-
<br />taking, or if the %lorigagoi i, prohihited hr ;any L;a not or hcreuftei existing front pa±mg the exhole at' ;tm portion of theafore-
<br />said taxes. or upon the rendering of .m% ceurl decree prohibiting the payment by the Mortgagor or any,uch true,, it if such la,v
<br />or degree prnn idc, that lint innuun , , ;ltd Ill the Morig.igoi ,hall he -tilled oe. !tic moilg ;tge debt- the Mortgagee ,hall hi oe
<br />the right to one ninetc d;:y,' written rioncv to the o,encr cot the mortgaged premise,, reyuinng tile• payment of the mortgage
<br />debt If ,Lich notice he gt, en, the s,iid debt ,hall conic doe. p , ;plc ;old a,llrctit,lc .it the e\p irahon of ,aid ninetc clay..
<br />6. That should he fail to pat ant ,um air keep aM ,t ;•- r ro•,Ided for in ;Ian Morl_agc, then file Morigaece. al its op.
<br />tion. mac pay or pert orm the ,:Inge. ,mid all expcnt itures o m„de hail he tdded [o the principa: ,tun w, Ing on the ahnve e.ote.
<br />,hall he secured herehv. and ,h,,H hc,a mwre,l at Tile rate• ,et forth in The ,aid note. until paid.
<br />"hat he hereh_y assign,. !r.,n,ter, and ,el, liver to the Mortgagee, to he ipplicd too, rd the payvnent of the -tote soul ;ill
<br />stints secured hereby in clue of a default In the performance of any of the teen, ,and condition, of till, ;Mortgage or the ,aid
<br />nine, all the rents. revenues anti income to he icri%ed from the mortgaged premise, during >uch lime as the mortgage indcLtcd-
<br />ness ,hall remain unpaid. and the llorigapec ,hail ha,e potter to appoint any agent or ,vent+ it may desire for the purpo,c of
<br />repairing said premises and of renting the ,arse and collecting, the Tools, re,enuc, and Income. and it flea_, pay our of ,aid in-
<br />comes all expense, of repairing u f premi,c, and necessar, con rill -ion, and expen,e, Incurred in renueg and m ;maging the
<br />same and of collecting rental, therefrom: the halance remaining, if any. to he apphed roc sod the discharge of ,;Lid morte ;tgc
<br />indebtedness.
<br />R. That he Hill keep the in :pr,,,cmea[, no,t cxi,ring or hereafter crcctcil on the mortgaged property. inxned a, mat i +e
<br />required front Time to time by the Mortgagee again,; Inns by fire and other h;vatd,. ,;MI:IlUc, .Ind ;ontingencic, in such
<br />;amounts and fear such period, as nia, he ietuired by the Mortgagee and „ill. pay pr„mptiy. ,,hen dcc. an, prcntium, On such
<br />insurance pioxisiwr for payment of which has nor heen made hereinhefore Alt InSol;m" ,11;01 he ra -led M conip.inrc, gip
<br />proved by the Mortgagee :mid the policies and renev%als thereof shall he held h, the Morreagec ;Ind ha,c suachrd thcrciu logs.
<br />payable clauses in fat-or of and in (turn! acceptahle'o The Mortgagee. In t'rent if ii— Morlg:ICor r r!I else Invr„•diarc nonce h,
<br />snail to the :Mortgagee. oho nstay (take proof of Ins, if tic,! made promplk h, �I --gager. -Sid c::ch (t,uranec romp,:;i lent
<br />elated is heretry authoriecd and directed to make pay merit for such lo„ direcTl. To the Mortgagee n,tead „f l" the ',tor•g :ie"I
<br />and the %lorigagee ini lily tot the In ur.i^ - t r ecr IS ,r.orn Pillt thew r t r. he l 1 tier' ., the Mont, - c t [ [ n 'r cllht•I
<br />L To the teduchr t if the n ticf Tedn t h h c nircd r III file rc,tor,own it r, 1 the rlolmrl,, t L.! e I In x Ol 1 nee it
<br />it re of this mortgage t if ,tile- . tole a, the n.ortgagc•d proveiv in ex!mciu,li.ae n, of he . n1c'1,ct,•1t ., , , t•t
<br />all tight. title ;rid Inure,! If rite Mi.rgngor ill and lo ,ant incur. :net I`icr; I' f Ile .J "Ii t , , •ht , .n, 1. :, . -. ,.n•.r
<br />:!udi[tt a;:! Intl a 11 ai+ :rat +r, n• -it, fat •he r•en, •,I ,h,. mole d.,, I,hed.. ;ni .t•m. I. , e„ . •,Index 7hI�
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