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6- 104326 r : (a) A sum equal it, the ground rents, if any, next due. plus the premiums that will next become due and payable on policies of sire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property /all as rstfmated hr the Afurtgageej less all sums alteady 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 - miums. taxes and special assessmen is: and (b) Jr,(j 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 he applied by the Mortgagee n) the following items in the older set forth: I ( ground rents, taxes. assessments. lire and other hazard insurance premiums; II I5i7) interest fit the note secured hereby: and III CY01) ainoruzation of the principal of said note. Any deficiency in the amount ,tf any such aggregate nunihly payment shall, unless made good by the Mort- gagor prior to the due date of the next such paynneed, constitute an event of default under this mortgage- The Mortgagee may collect a "late charge" not to exceed lour cents 14v) for each dollar (S I ) of each payment more than fifteen (15) da s in arrears to cover the extra expense involved in handling delinquent payments. :i. That if the total of the payments made 1 >N the Mortgagor underr / of paragraph -S preceding -hall exceed the amount of payments actually made by the Mortgagee for eround rents, taxer and assessments or in.= urance pre- miums, as the case may be, such excess, if the loan is current, at the option of the Mortgagor. shall be credited b% the Mortgagee on subsequent payments to be r�l•�de by the Mortgagor, or refunded to the Mortgagor. If, however. the monthly payments made try the Mortgagor undeaj�f i' of paragraph 2 preceding shalt not he sufficient to pay ground rent, taxes and assessments or ins urance premiums, as the case may be, when the same shall become due and pay- able. then the Mortgagor shall pay to the .Mortgagee ane amount necessary to make up the deficiency, on or beforo the date when payment of such ground rents. taxes, assessments or insurance premiums -shall be due. If at any time the Mortgagor shall tender to the Mortgagee, in accordance with the proviions of the note .secured hereby. full payment of the entire indebtedness represented thereby, the Mortgagee shall. in computing the amount of such indebtedness, credit to the account of the Mortgagor --aa,tl any balance remaining in the fund= accumulated under the provision; of i Ki of paragraph 2 hereof. If there shall be a default under any of the provisions of this mortLage resulting in a public ;ale• of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the 11ort,a1ce :-hall apply, at the time of the commencement of such proceedipts, or at the time the property is otherw'fse acquired. the balance then remain- ing in the funds accumulated unde, Xfit paragraph 2 preceding. as if credit atrainrt the amount of principal then remaining unpaid under said note, of pwpag;mr", 4. That the Mortgagor will pav ground rent,, taxes, au,eSsments. water rates. and other governmental or municipal charges, fines, or impositions, fur which proO,ion has not heen made hereinbefore. and in default thereof the Mortgagee may pay the same: and that the Mortgagor will prompth deliver the official receipts therefor to the Mortgagee. 'i. The tortgagor will part' all taxes which may he levied upon the Mortgagee's interest in said real estate ,,red innprove- ments- and which may he levied upon this mortgage or the debt Secured hereby (hilt only m the extent that Such is not prohibit- ed by law and only to the extent that such will not make thi, loan usurious). but excluding ant income tax- State set Federal. imposed on Mortgagee. and will file the official receipt show ing su:h 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 w hole or ant portion of the afore- said taxes. or upon the rendering of any court de: ree prohibiting the payment by the Mortgagor or any such taxes. or if Such law or decree provides that any amount so paid by the Mortgagor ,hall he credited on the mortgage debt, the Mortgagee ,hall have the right to give ninety dart', writlen notice to the owner of the mortgaged premises. requiring the payment of the mortgage debt. If Such notice lie given, the ,aid Jeht Sha!I hecome due. payable aml collectible et file ctpiration of said nine[} day,. h. That should he fail to pay any sum or keep amc c, r: onaut prn,x ided for in thi, Mortgage, then the Mortgagee. at its op- tion, may pay or perform the sane. and all expenditure, ,o made ,hall he added to the principal ,um owing on the ahm e note, shall he secured hereby, and Shall hear interest al the rate ,et forth in the said note. until paid. '. That he hereby assigns, transfers and ,ors ocer to the Mortgagee, to he applied toward the paipment of the note and all sums secured hereby in case of a defauh in life performance of amp of the terms : red condition, of this Mortgage or the Said note, all the rents. revenue, and income to he derived from the morigarged premises during loch time as the mortgage indehied- ness Shall remain unpaid: and the Mortgagee Shall have power it) appoint :any argent ur agents it may desire for the purpo,c of repairing said premises and of renting the Same and collecting the rents, revenue, and income. and it may pay out of Said in- comes all expenses of repairing said premise, :.nd necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any. to be applied toward the discharge of ,arid mortgage indebtedness. 8. That he will keep the improvements now existing or hereafter erected on the mortgaged property, inured 51 may he required from tine to tittle by the Mortgagee against loss by fire and other hazards. casualties and :onlingcncie, in such amounts and for such periods as may he required by the Mortgagee and w ill pav promptly. when due. ;:n\ premium, on such insurance provision for payment of which has not been made hereinbefore. All insurance Shall he Carried in :ornpanie, ap proved by the Mortgagee and the policies and renewals thereof shall he held by the %lortgagee and harc Al,tched thereto loss payable clauses in favor of and in form acceptable to the Mortgagee In ercnl of loss %lorlgagor will attr unnncdudc notice M mail to the Mortgagee, who mat 'Hake pr t t , t N111 If nut made pmmllptty by kbtrtgagor, ind each lnsur isle C ,nn L corned is herehv authorized and directed to n, tk p,%ncni for Such toss direcgy to file Mortgagee nl t l t "t lo Mortgagol and the Mortgagee jototly. and the insurance proceeds, or ;ny part thereof. may he .tpplled by the Mortgagee at it, "pllon either to the reduction (if the indehlcdoess herchl secured or to the re,toration or rep.ol of the properls datllaged In e, ell Ott forc, to sure of this mortgage or other lrulsfer of tits to the mortgaged propern m cxtingui,hmeni of the tndchtednc s, ,e: ur,i here+% ;,I[ right, title ;tnd interest of the %torlgagoi m aond to ;nc in,mall, :c poh, w, Owi; to f ou:e ,hall I,a,, III the ;,(If, 11—j.: nt 9 Ihc,t a•, additional and cull,te•rai ,scums for the p;a mom ,,f the note do „nl -.co :uxi ,jI ,unt, t„ Frcome tier undo lilt, mwtg.tge. the Hong goo twreh Sign, to the Ol prohl,. re,enue, lo alw,. nghr. !.ni to hit, Sl,xtr�tgt,r ,mdcr w. ,red al!„t .. • :na mucous. - Stith' +, ti !1H .,.,. red . .rt; f- .., , Iflel3111'id 1a,I�I,rcunc'.. i U': lv.. ry , :11 cl .Ief',t,il +.1 lh, A tilt. t' �1 I. :.��i ,0 t!” \fi fta :. tJ sc.: Stn•. .u'il :1,11 1",. h,.n k'.nl . end p,n ll,!r. No 113.+ nor h,. tip., �rl he :rxnt'!ntil .;red •otd up „t,, �. r!r�. . .- silo .,�rtle.,c,: