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<br />(')(ff A sum equal to the ground rents, if any, next due, plus the premiums thai'will next become due and payable on
<br />policies of fire and other hazard insurance covering the mortgaged property, plus tares and assessments next due
<br />on the mortgaged property tall as estimated; by the Mortgagee/ less all sums already: paid therefor divided by the
<br />number of months to elapse before one month ;prior to the date when such ground rents. premiums, taxes and
<br />assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pro
<br />iniums, :taxes and special assessments; and
<br />(b)OUOK 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 aggregate amount thereof shall be paid by the Mortgagor
<br />each month in a single payment to be applied by the Mortgagee to the following items in the order set forth:
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<br />(I) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(I 1) QfAtJt interest on the note secured hereby; and
<br />(1 1 I fift amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the Mort-
<br />gagor prior to the due date of the next such.paynient. constitute an event of default under this mortgage. The
<br />Mortgagee may collect a "late chXge" nm .to exceed four cents (4st) for each dollar (S1) of each payment more
<br />than fifteen (15) days in arrears to cotter the extra expense involved in handling delinquent payments.
<br />(a)
<br />3. That if the total of the payments matte by the Mortgagor under (44yof paragraph 2 preceding shall exceed
<br />the amount of payments actually made by the Mortgagee for around rents. taxes and assessments or insurance pre -
<br />miums, as the case may bey such excess, if the loan is current, at the option of the Mortgagor, shall be credited by
<br />the Mortgagee on subsequent payments to lie maije.by the Mortgagor. or refunded to the Mortgagor. If, however, the
<br />monthly payments made by the Mortgagor under t&)of paragraph 2 preceding shall not be sufficient to pay ground
<br />rent, taxes and assessments or insurance premiums, as the case may be. when the same shall become due and pay-
<br />able, then the Mortgagor shall pay to the Mortgagee any amount nec c ssary to make up the deficiency, on or before
<br />the date when payment of such ground rents. taxes. assessments or insurance premiums shall be due_ If at any
<br />time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby,
<br />full payment of the entire indebtedness represented thereby, the Mortgagee shall, in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor Rie�Ci'�ir[5iA5ttb E> liQa+ StScrE�ift> d? s�xiiFilRf 2xR�tiElrSiiFc�i?E�gicxicx
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<br />Q� any balance remaining in the funds accumulated under the provisions dpt44ipf paragraph 2 hereof. If there
<br />shall be a default under any of the provisions of this mortgage resulting in a public sale of the premises covered
<br />hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee shall apply, at the time of
<br />the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then remain-
<br />ing in the funds accumulated tinderXXQailf paragraph 2 preceding, as a credit against the amount of principal then
<br />remaining unpaid under said note,-`* EAUHfIHE1HHEilR3fJE�fIElE31) EIEi�!£ Jfit�f9l9FiElEEiEIElE�1E9E3ElB�9Li�E3 )iEiE
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<br />4. That the Mortgagor will pay gibiSiSil" t' i�X' 47t' L?" �i4tiXi�' 4i41<' Ykf�x?4ii' ti' tiiiYF' 1EHSiSi�ii45it 'KS'9Sii�lf?�'f('Pt
<br />charges, fines, of impositions, for which provision has not been made hereinbefore, and in default thereof the Mortgagee may
<br />pay the same; and that the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee.
<br />>. The Mortgagor will pay all taxes which may be levied upon the Mortgagee's interest in said real estate and improve-
<br />ments, and which may he levied upon this mortgage or the debt secured hereby (but only to the extent that such is not prohibit-
<br />ed by law and only to the extent that such will not make this loan usurious), but excluding any income tax. State or Federal.
<br />imposed on Mortgagee, and will file the official receipt showing such payment with the Mortgagee. Upon violation of this under-
<br />taking, or if the Mortgagor is prohibited by any law now or hereafter existing from paying the whole or any portion of thc afore-
<br />said taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgagor or any such taxes, or if such law
<br />or decree provides that any amount so paid by the Mortgagor shall he credited on the mortgage debt. the Mortgagee shall have
<br />the right to give ninety days' :ritten notice to the owner of the mortgaged premises, requiring the payment of the mortgage
<br />debt. If such notice he given, the said debt shall become due, payable and collectible at the expiration of said ninety days.
<br />6. That should he fail to pay any sum or keep any covenant provided for in this Mortgage, then the Mortgagee. at its op-
<br />tion, may pay or perform the same. and all expenditures so made shall he added fo the principal sum owing on the above note.
<br />shall he secured hereby. and shall hear interest at the rate set forth in the said note, until paid.
<br />7. That he hereby assigns, transfers and sets over to the Mortgagee. to he applied toward the payment of the note and all
<br />sums secured hereby in case of a default in the performance of any of the terms and conditions of this Mortgage or the ,;lid
<br />note, all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebted-
<br />ness shall remain unpaid; and the Mortgagee shall have power to appoint any agent or agents it may desire for the purpo,e of
<br />repairing said premises and of renting the same and collecting the rents. revenues and income. and it may pay out of said in-
<br />comes all expenses of repairing said premises and necessary commissions and expenses incurred in 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 />g. That he will keep the improvements now existing or hereafter erected on the mortgaged property, insured as may be
<br />required from time to time by the Mortgagee against loss by lire and other hazards, casualties and contingencies in such
<br />amounts and for such periods as may he required by the Mortgagee and will pat promptly, when due. any premiums on such
<br />insurance provision for payment of which has not been made hereinbefore. All insurance ,hall be carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have aletched thereto loss
<br />payable clauses in favor of and in form acceptable Ur the Mortgagee. In event of loss Mortgagor will give immediate notice ht
<br />mail to the Mortgagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor
<br />trod the Mortgagee jointly, and the insurance proceeds, or any part thereof, may he applied by the Mortgagee at it, option eithel
<br />to the reduction of the indebtedness hereby secured or to the restoration or repair of the pioperty damaged. In event of force lo-
<br />Lsure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereh% .
<br />all right, title and interest of the Mortgagor "nand to any insurance policies then in force shall pa„ to the purchaser or grantee
<br />9. That as additional and collateral security for the payment of the nose described.:ind all aunt, to heconrc due mader this
<br />mortgage. the Mortgagor hereby assigns to the Mortgagee all profit,, rcyenues, royalties. rights and hcnefils ;;rcrtung to file
<br />Mortgagor under any and all oil and gas leases on s;oci farenusec, with the right G, reccrnc ,ind ie,eipl for the •;oat• and apph
<br />them to ,aid incletitedncss a, well before a, after default in the Conduton, of thr, mortengc . nd the %I,,, igogec man dcmami. ,uc
<br />I'm and recover ant such 1,at menl, Own due a!IJ pio,ohle. bill ,hall our he trys :ncti ., t, do ihn ".. pro"nl t, h., 1C,
<br />;end hccornc null and voiJ ur- -vs release M thi, morfeage
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