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<br />(a) A sum equal to the ground rents, if any, next due, plus the premiums that Hill next become due and payable ors
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property fall as cstitnaied br the Aforrgagec r les, all sums already paid Therefor divided by the
<br />number c :)t ntonths to elapse before one month prior to the (lair wizen such ground rents. premiums- taxes and
<br />assessments will become delinquent. such sums to he held bt Mor€gagee in trust to pay said ground rents, pre-
<br />miums, taxes and special assessments: and
<br />bl All payments mentioned in the two preceding subsections of this pai, raph and all payments to be made under
<br />the rote secured hereby shall he added together. and the aggregate arrmmt thereof shall he paid by tite Mortgagor
<br />each month in a single payment to be applied by the Mortgagee to lire fir! }swine items in the " ;tfcr wt fort!:
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<br />(I) ground rents• taxes. assessments. hue and -filter hazard Insurance nreiniurns:
<br />IT ) interest on the note secured hereby: and
<br />(III) amortization of the nrinctpal of said note.
<br />any deficiency in the amount of any sucl. aggre „ate morhly patnient ,hall. unless made g,rod by the Mort -
<br />gagor prior nr the due date of the next such la.:rir t a= rs!iovc an cycot „� detain; under th!s fill Tile
<br />Mortgagee may collect a •`late c }large” not to ex;:ce %„ rigs (+1) f. lollar (t i) o- a,it payrient rune
<br />than fifteen (1 i ) _t:r;s I, :!!rears to cover the extra expense Involved in handlin_ delinquent paynier,ts.
<br />3 That if the total of the payment- made b.% the Moriga�or under ;a! of paragraph "_ prec•eding -hall exceed
<br />the amount of pa }menu actually made by the• Nlortgat3ee for --round runts, tale- and a - =es -mesh. or in= urance pre-
<br />mium as the cw:v may be. such excess- if the loan is current, at the option of the Mortgagor. shall bc• credited by
<br />the Mortgagee on subsequent payment= to be made by the Mortgagor• or refunded to the Mortgaeor If. hueceve•r, the
<br />monthly payments made by the Mortgagor under a ) of paragraph ? preceding shall not be sufficient to pay ground
<br />rent. taxes and assessments or in- uraace premiums. as the c :t -e mac be. xhen the 'same -hall become due and pa�-
<br />able then the Mortgagor .shall pay to the Mortgagee any amount nec4e ary to make up the deficiencc, stn or before
<br />the date: when payment of such ground rents- tax( assessments or insurance premium ,hall be due- If at any
<br />time the Mortgagor shall tender to the Mortgagee. in accordance %kith the provi =ions of the note - ec•ured 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 �fortgagoral {i6clitl�iit5�d�tit#d'.lfLit�i t? Sfisf :l#1CiYXi{1iSlF}fXl�)CptXC i
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<br />t4W any, balance remaining in the funds accumulated under the provisions of to / of paragraph 2 hereof. If there
<br />shall be a default under any of the provi.- inn= of this mortgage resulting in a public sale of the premises covered
<br />hereby. or if the Mortgagee acquires the property- other%yise after default, the Niortt =agee shall apply, at the time of
<br />the commencement of such proceedings, or at the time the property is othen\ise acquired, the balance then remain-
<br />ing in the funds accumulated under (a) of paragraph 2 preceding. ii � a credit against the amount of principal then
<br />remaining unpaid under said noteg,tXl{}tx7¢k]1l¢7fp{ {4 ps. ,yy¢+ � k*tXg 7{¢ _ igl{'Xj�{Krl{ gl{r t�g�{ +X
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<br />4. That the Mortgagor \kill pat ground rents, taxes, a,sessment,. eater rifles, and other governmental or municipa
<br />charges, fines. or impositions, for a hich pio\i,ion has not been made hereinhefore. nd in default thereof the Mortgagee m:a
<br />pay the same ::rod that the Mortgagor %kill promptlt deliver the offcia! receipts therefor to the Mortgagee-
<br />>. The Mortgagor %% ill pay all lase, which mat he Ic\ied upon the Mortgagee', intcre,t in said real estate and improve-
<br />ments, and it, hich may be ie\ied upon this mortgage or the debt secured hereht Ibut ,nt% to the --\tent that ,uch i, not prohibit-
<br />ed b% lack and omh to the extent that such wi.'l not make thi, loan usrrious), but e\cluding ant income i". State. or Federal.
<br />imposed on Mortgagee, and oil! file the odicial receipt ,howing,uch patruer.t %kith the Mortgagee. Upon %io!ation of this under-
<br />taking. or if the Mortgagor i, prohibited b% ant !:t%% now ar hereafter exiting from rating the v, hole or any portion of the afore-
<br />said taxes. or upon the rendering of line court decree prohibiting the payment by the Sortgagor or ant ,rich nixes. or if ,uch lack
<br />or decree provide, that any a!nount w paid h\ the Mortgagor ,hal! he credited on the mortgage debt, the Ntoi tgugee ,hall hii,c
<br />the right to give nineik day,- written notice to the o%%ner of the mortgaged prenii,e,. requiring the payment of the mortgage
<br />debt. if such notice he given, the ,aid debt ,111111 . become due. p:,%::hle and collectible at the e\picaion of ,aid nineit dot ,.
<br />h. That should he fail to pa% uny ,um or keep ;hay _,,. vn, :it pm\i,ied for m thi, Mortgage. then the Mortgagee, a! it, p-
<br />tion. may pay or perform the same. ;,nd 11!1 e\penditure, ,,, shade .hall he added to the principal ,urn ow ing on the aho\ e no!e,
<br />shall he secured hereht, and ,hall hear tnteic,t at the rate ,ei forth in the ,aid note. until pare}.
<br />i. That he !:erebt a,sign,, transfer, and ,ct, ov er to the Mortgagee, to he :)pplied to%%ard the partoient of the note and ail
<br />sums secured hereht in case of i defaili in the performance of ant of the term, and conditions of this Mortgage or the said
<br />note, all the rents, revenues and income Io he dcri%ed from the mortgaged prey nice, during uch time as the mortgage indebted-
<br />ness shall remain unpaid: and the Mortgagee .hall ba\c power to appoint ant agent or agent, it gnat desire for the purpose
<br />repairing said premise, and of renting the ,lime and collecting the rent,. re\enue, and income. and it mat pat out of ,;iid in-
<br />comes all expenses of repairing ,aid premi,es and neces,ar% con nti,sion, and e\pcn,e, incinrd in renting and nnam aging the
<br />same and of collecting rental, therefrom: the balance reinJiung, if ant, to he applied to\ki:rd the discharge of ,;rid mortgage
<br />indebtedness.
<br />9. That he will keep the imprnaemcnt, now e\isting o, hereafter erected on the mortgaged property. insured :,, ma-, he
<br />required from time to time by the Mortgagee against lo„ b% fire and other hazards, ca,aalties ;ind con!ingencies in ,uch
<br />amounts and for such periods a, nha\ he required b% the Mortgagee and \\ill pat prompth. when clue. sot premium, stn ,uch
<br />insurance pro\ision for pat Incur of vt hich ha, not been made hereinbefore. Alt insurance .fill!! he :iirriLd ur companic, ap-
<br />proved by the Mortgagee and the policies and rene%kal, thereof ,hall he held ht the Mott_,agec and hake ;it!ached thereto lo„
<br />payable clauses in favor of and in form acceptable to the \Mortgagee in event of !o„ Mortgagor \%ill give unnredi;nc notice ht
<br />mail to the Mortgage, who mat make proof of loss if not made prompt!\ b% Mortgagoi. and each in,ur;ince compan% con-
<br />cerned is hereby authorized and directed to make pa\ ment for ,uch loss directly to the Mortg: gee inste;rd of n, the \lor!gilgot
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<br />and the . h rtjt tgee p,r Vly. and the m.t.runre p ' cod , , r an\ p.irt thereof. ma% he ;tpplird ht the . 1, t tgager al it, ph% n either
<br />L to the reduction of the title hied ne„ hereht ,euired it tit the restoration or repair the property imnagcd to rn of h,reclu-
<br />sure of this mortgage or ether transfer of title to the mortgaged propertt in c\Iml!uishn)cnt of the in%tchtedoc- secured hcrebv .
<br />all right- title and interest of the M rla it l 111,111d to :ink in,ur;mc policies then in for hag! pz„ to !hc ruich.i,ci or ,issue:
<br />9. That a, additional ,and :olki! ri servos for the PAL Went of the[I'll" de•,crltld, and All ,unt, to t c, mr line ,ruder thi,
<br />mortgage, the Mortgagor perch% a-ign, to tine Mortgagec :it! prolit,. re %roue,. tokaltic,. n ht, :n„i hcrcft, ,rcrnan 1„ rho
<br />Mortgagor under ;:rot and ;dr oi'! mid va, Ica,c, on ,.od ricr)n,e,. 111 the ,:ght r:, eirr ..,r ,t•r ,.i ;:%i q,i,l\
<br />them to ,;iid in,10,tedne„ a, duff hefr•r a, after dcfauL ut !hc crr%d,n„-t, . ;hr• ,.lo r.:.rer .rro0 rhk \L, ,
<br />for and re,o%cr arty% u\h ,';n c;^i, •%hell du% , xi ra%,u,Ir. bur ,ha!! not `k tr,., :n ;,i J, nt „
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