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<br />(a) (kj A sum equal to the ground teats, if any, next due, plus the premiums that will next become due and payable nn
<br />poficics of flue and other hazard insurance covering rite mortgaged properly• plus taxes and assessments next due
<br />on the mortgaged property (all as estinratel hr the Ationgagr,; less all Burns already paid therefor divided by the
<br />number of mouths to elapse before one month prior to file date where such ground rents, premiums, taxes and
<br />assessments will become delinquent. such sums to he held by Mortgagee in trust to pay said ground rents, pre-
<br />miums, taxes and special assessments; and
<br />(b) (kk All payments mentioned sm the two preceding subsection., of this paragraph and all payments it) be made under
<br />the note secured hereby shall be added together, and the aggregate amount thereul shall he paid by the Mortgagor
<br />each month in it single payment to be applied by file Mortgagee ZE, the following iteu;s in the under set filth:
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<br />(I) lift ground rents, taxes, assessments. lire and other hazard insurance premimtu:
<br />(II) *Uj(be interest on the note secured herebv: and
<br />(III) JlMdx amortization of the. principal of said note -
<br />Any deficiency in the amount of any such aggregate monthly payment shall. unless Inafe good by tine Mort-
<br />gagor prior to the due date of the next such payment. aeulitute an every! • 11 default under this mortgage.. The
<br />Mortgagee may collect a "late charge" not to exc:ed four cents 14,1) fur catch dollar (SI ) of each payment ruute
<br />than fifteen 1 i 5) day's it arrears to cover the extra expense involved fn handling delinquent paynients.
<br />13. That if the total of the payments made by the 1lortgagorunder xx(t i' paragraph" preceding =hall exceed
<br />the amount of payments actually made by the Morteagce for ground rent -, taxes and assessments or in- urtnce pre -
<br />mium -. as the case may be, such excess, if the loan is current, at the option of the Mortgagor, shall Ix credited by
<br />the Mortgagee on subsequent payments to be made by flue 1lortgagor, or refunded to the Mortgagor. If, however, the
<br />monthly payments made by the Mortgagor under �p of paragraph ?preceding shall nut be sufficient to pay grcwnd
<br />rent, taxes and assessments or insurance premium -, as the case may, be- when the same shall become due and pay-
<br />able, then the Mortgagor shall pay to the Mortgage,- any amount necvs ary to make up the defic•ient•y. on or before
<br />the date when payment of such ground rents. taxes, a-- essments or in- urance premium= shall be due. If at any
<br />time the Mortgagor .shall tender to the Mortgagee, in accordance with the pro ;,ion= of the note secured hereby,
<br />full payment of the entire indebtedne ss represented thereby. the Mori-agee .h ui-1, to computing, the amount of such
<br />indebtedness, credit to the account of the Mortgagor xit74=XK -m KKmxttotYltalnrNkz41 [9t1CRipcCl ) obt)D7 - vkltRmwwx*xix
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<br />xuxbcany balance remaining in the funds accumulated under file provisions of (bl of paragraph 'l hereof. If there
<br />-hail be a default under am of the provision.= of this mortgage resulting in a public sale of the premi -e- covered
<br />hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee shall apply. of the• time of
<br />the commencement of such proceeding or at the time the property is otherwise acquired, the balance then remain-
<br />ing in the funds accumulated under , of paragraph 'd preceding, as it credit against the amount of principal then
<br />remaining unpaid under -aid note, jctrcbcXbc] d# tpittl�lt+ ltbL 7c7d3S9mc7pxx�4lfrdx9cKXkadt# 7[ltQt�]Eampem]dHXOCItRxaF3dxxx
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<br />T. That the Mortgagor will pay ground rents, taxes. assessments. \rater rate,. and other governmental or municipal
<br />charges, fines, or impositions, for \nhich provision has not been made hereinhefore. and in default thereof the Mortgagee may
<br />pay the same: and that the Mortgagor will prompth deliver the official receipts therefor to the Mortgagee.
<br />. The Mortgagor will pay all taxes which neap be levied upon the Mortgagee's interest in said real estate and improve-
<br />ments, and which mac he levied upon thi, mortgage or the debt secured hereby tbut onh 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). hilt excluding ally income tax. State or Federal.
<br />imposed on 4lortgagee. 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 an\ iaw now ur hereafter evicting from raying the w hole or any portion of the afore-
<br />said taxes. or upon the rendering of any court decree prohibiting the pay -ment M the Mortgagor or any such nixes. or if such lave
<br />or decree provides that any amount so paid by the Mortgagor ,hall he credited of the mortgage deht, the ,Mortgagee shall ha, c
<br />the right to give ninety_ day,- written notice to the owner 'f the morlgaged premises, requiring the payment of the mortgage
<br />debt. If such notice be given, the said debt Shall become due. pa) 'hie and collectible at the cypiralion of ,aid ninety days.
<br />6. That should he fail to pay any sum or keep any coven :tut prOyided for in this Mertg :rye. then the Mortgagee, at it, op-
<br />[ion. nasty pay, or perform the Same, and all expenditures ,o made ,hall he added to the principa' sum owing on the above note,
<br />shall be secured hereh} • and shall hear interest at the rite set forth in the Said note, until paid.
<br />7. that he hereby assigns, transfers ind sets over Ili the Mortgagee. to he applied toward the payment of tilt note and ail
<br />sums secured hereby in case of it default in the performance of any of the term, and conditions of this Mortgage or the said
<br />note, all the rents, revenues and income to he derived from the mortgaged premises during such time as the mortgage Indebted-
<br />ness shat) remain unpaid: and the Mortgagee Shall have power to appoint any agent or agents it may desire for the purpose of
<br />repairing said premises and of renting the same and collecting the rents. revenues and income. and it may pa) Out of said in-
<br />eornes all expenses of repairing said premise, and necessary commissions and expenses incurred in renting and rnun:lging the
<br />same and of collecting rentals therefrom: the balance rem::ining, if any, to be applied tow,;rd the dischuge of said mortgage
<br />indebtedness.
<br />R. That he will keep the irnprovenncnts now existing or hereafter erected on the mortgaged prorerty, insured Sts may he
<br />required from time to time by the Mortgagee against loss by fire and other hazards, casualties and contingencies in such
<br />amounts and for such periods as may he required by the Mortgagee and will pay prompth. when due. and prcnniunn, on such
<br />insurance provision for payment of which has not been made hereinhefore. All insurance ,hall be carried it, comp :tnics ap-
<br />proved by the Mortgagee and the policies and renewals thereof shall he held ha the Mortgagee and ha%e• attached thereto loss
<br />payable clauses in favor of and pas form acceptable to the Mortgagee. In event of IOSS Mortgagor will give immediate notice he
<br />mail to the Mortgagee, who map make proof of IOs, if not made prtunptl% by Mortgagor. and each insura nce compam con-
<br />cerned is hereby authorized and directed to make payment for such IosS directh to the %lortgagec in,tead of to the Mortgagor
<br />and the Mtrtt,agec )t Io[h .and Iht innuance proceeds. or aloe part thereof, mac he ;tpplied by the 1l0rlg tgee at its option tither
<br />to the reduction of the indebtedness herchw secured of to the reSttuaiion or rep,ur of the propert\ daunaµd. In cyenl of foredo
<br />sure of this mortgage or other ransfrr of title t' the mortgaged property its extinguishment of the nreichledncns secured hereh\ .
<br />all right. title and interest of the Mortgagor to and to anv in,ur.utee policies Ihen in to ice shall pa., to flu pits hascr or t;r:urtcc.
<br />9. 'That as additional and collateral Security for the raynrcnt of the note de•s,ribul, and :df um, ill t eeomc dui under tills
<br />mortgage, the %loilgagor hereb'e assign, Io tine %lortg. igee• all plohls. re\erlrle,. �I1 \'tlllt,. right, .!net henctil, :1,11tllrng It, the
<br />Mortgagor under any mid , l o'l ;it),] pa, Ica+ c on .:lid prcmi,es. wash Utc :Mehl I' r—ClIC ono 101 Olt! s.0 Ie .rod npply
<br />them to said indeMednc,: Lls vv <tl ht101c a, Ific; detaull nn the condiuun, rf till, troll ir. .anti tilt Vutt �4u mat dun.:.ni. , ;u
<br />It,: and rccove! wit ,u. :h it —nwiu, ufwn duc and pavntdc, but shill ""t hS rrqunr,l „
<br />and bci'nte pull find ti'l'l uq,kw r,lv,,.c pf ills nu1ltR :tee
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