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<br />(a) I .A cunt equal stn the ground rents, if any= next due, plus the premiums that will next become due and payabic *ni
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes anti assessments next due
<br />on the mortgaged property tall as evenrrted hp thr Af*rrgagee; less all sours already pined therefor- divided by the
<br />nimbler or months to dalaw befrnc one month prtor try the lute when such ground rents, prennums, taxes and
<br />aswuri is will beantne delinquent, such sums to be held by Mortgagee in trust u, pay said ground rents, fire-
<br />nu fens. taxes and special asser4rncnts; and
<br />`(b)ft All payments mentioned in the two preceding subsections of this paragraph anti all payments it, be roade under
<br />the note secured hereby, shall he added togethct. and the aggregate amount thereofshatl be paid by the Mortgagor
<br />:'aat:h rnortdn in a single payrnent ua be applied by the Mortgagee tai the following iterns in the order set firth:
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<br />(t) _ 1 ground tents, taxes, assessments_ fire; and otbet hazard insurance premiums: -
<br />(11) (malt interest on the note secured hereby: and
<br />{ I 1 t jk it arriorivahnn of the principal of said utite. - -
<br />Any del"wici cv to the amount of any such jggirgate mouthiy payment %hail, unless made good by Cite Mori-
<br />gagait print it) the due date iii the next such puvrne +o..a,nstrtttie An evt:•nr arf default under this rnoligage_ The
<br />Mnrivagee may coliect a "late Charge" rum to ex>:e�d !,-,.. :.enis k4W) r, . oalft dollar ($1- 14eich payn_rent ❑uire
<br />tharr fifteen If 50+ ,,y°s it arrears ao cover tlae extra expense. Involved ill handling delinquent payments.
<br />-1 hat if the iota( of ills payments made by the Mortgagor under Hof paragraph ? preceding shall exceed
<br />the amount of payments actuall% made by the Mortgagee for imaund rents. lay" and asses.,ments or insurance pre-
<br />miums, as the case may be, such excess. if the hian is current, at ncc.optiun of the Mortgagor, shall be credited bit
<br />The Mortgagee on pub.sequent payment, to br made b; the Mortgagor. or refunded ua the Mortgagor. If. however, the
<br />- onthly payment., rnade by the Mortgagor unailc& !of lietragrapiv ? preceding shall not he sufficient to pay ground
<br />rent, taxes utd as"*sments of insurance premiums. a- the ra.Re may he. "hen the same =hall become due and pay-
<br />able then the Mortgagor shall pay to the lieartgag..-e any amount nccrs -ary to make up the deficiency, on or before
<br />the date when payment of such gmund rent -, taxe -, asp.• smeet- or inwrance premiums .shall be due. if at. any
<br />time the Mortgagor .shall tender to the Mortgagee. in accordance with the provi ion, of the note secured hereby;
<br />full payment of the entire indebtx>dne-.;- rt rn= .nt.m# thereby, the Mortgagee -hall. in computing Use amount of -such
<br />intlebtedness, cmht to the account of the Mmgagcw Oli R1111L lt71ot1ttbtitK XXOt7ii7aDtkR RJFXbIiHlff
<br />any balance remaining in the lun& accatmulated under the provisions f of paragraph '? hereof. If there
<br />shall be a default under any of the provisions Af this: mortgatge, res=ifting in a public sale of the Premises, covered
<br />hereby. or if the Mortgagee acquires the pn,perty othert.i -e after default. the Mortgagee shall apply, at the time of
<br />the commencement of -itch pro€eedings. or at die time the property is otherwise acquired, the balance then remain-
<br />ing in the funds accumulated under )4P}rf pavraph 2 preceding, a*, a credit against the amount of principal thi=n
<br />remaining unpaid under ,said note. ]ti7Blf1x R1[1gt7NrltlCfki�bW�f�JWgt X
<br />d, That the Mortg:tgtr *oil pay gerund rents, taxes, a- essaterns, water rates, and other governmental or munttipai-
<br />charges. fines, or irnpa.itious. for which proveoon has net ticern made bet cinhefore, and in defeuli thercof the Mortgagee may
<br />pay the same anti that the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee.
<br />`, The Mortgagor will rvav all t xes whtvh rniv foe levied upon the Mortgagee's interest in said real estate and improse-
<br />mentc, and which may he ie%ud upon the, mortgage to the debt secured hrrehy that only to the extent that such is ric,t pr. bitiit-
<br />ed by law and oniy to the extent that such will not :crake this loan usureousi_ but excluding in) irwome tax. State tit Federal, .
<br />imposed our Mortgagee, and w off the the r,tt icial receipt showing such payment with the Mortgagee_ Upon voolfaiion of this under -
<br />taking. or if the Mortg agoi is prohihated by any law oraw or hereafter existing from paying the hole or any ptirtia t of the afore-
<br />said taxes, or upon the rendering of i,nv court decree prohibiting the payment by the Mortgagor of any such taxes, tit if such law
<br />or decree pro,ides that any amount sir paid by tilt Mortgagor +hall tae credited on the mortgage dehr, the 'Mortgagee shall have
<br />the right a, give nineit dal s' written nonce to the owner of the morigaged premises, requiring the payment of the mortgage
<br />debt. If so,h noun hr given, the ,aid debt shall become of tic, pay ahle and collectible at the expiration of said nine Iv dai,,
<br />. 6 That should he fail i pus any suni or keep An%,avetaarrtprovided for in this Mortgage. then the Morigagee, at its op-
<br />tion. may pat tK prrfotrat the same, and all expenditures so made shall he added tti the principal suns t, -argon ibe, above note,
<br />%half he securd heretnt . and ,hall hear interest at tits rate et ftKrh in the said note- until paid
<br />That he hereby ,signs. transfer, ,,rid set% titer to the Morty wgec. ni be apphed toward the paynnnt cif the note and all
<br />sums se cured heret c in a,e of ;a default in the performance of :ins of the terms and conditions of thin Mortgage of the said
<br />note. all the rent,, rrvcntic, and javome to br Jcrrrcd from the morigwgrd ptemtales during such lime as the mortgage indebted-
<br />- ness shall remain unpaid- and the Mortgagee shall ha%c ptiwer it, appoint aans agent or :gent, it may desire for the purpose if
<br />repairing ,aid premises and of renting the name and collecting the rents, tc%enues and rni:oine. and it mac pays caul of said in-
<br />comes all expenses of repaanng said prennses and neccoars comnusvions and etprnscs incurred to renting and managing [tie
<br />same and of .oflefnng rettals therefrom, the 641ancc remaining. if wan% t, tic s:pplieJ tow:,rei the dv- charge of said mortgage
<br />rndebtcdnesc
<br />h. '(fiat he will keep the unpraoemenis rcow cxtsnnge,, hereafter erected un the inoirtgaged pforertq. insured a, ruay tx
<br />required Mira time tai lime tti the yfaar'igsgev against leis., 11y !ire and oilici har+ards, - ism,:ilites and voranclicnOcii in sui:h _ - -
<br />amtwnts and for auahMttcds as to -At t,c required by the Alongagee and will va,. ptornriav, when clue, tit% premiums tin ±uvh
<br />Insurance provision for payment if which has not firm made hercanbefonr. All envuran.e ,hsall Tie coated in caonpaoars ap,
<br />proved by the Mortgagee and file pi.hi.ars and tenbwah thereof shall tic held by the h9?iRgogee and h:avc atlavhcd thrrelii ins
<br />pavabie Clauses in favoi of and in farm acceptable ro the motigogtr In event of hiss Mortgagor will give immediate notice by
<br />mail to the Mollgagrv, who may make proof of loss it not made prnmmpth by Mortgagor, and each Insurance company con-
<br />cerncd'IN hereby, authu izord and directed to make payment for such Iiiw4 dimly to the Miulgagee instead of to the - moity'agol
<br />and the Wife ce ioirrily. and the assurance proscods. in any pat thereof, nmv be applied toy die Moligagee at rts:optton rithtr
<br />to the rtducuorl cif the rndebiedntss heachy secured or to the restorateoo car repair "f ttt, pr, +petl; danu,ged Irtesent oaf
<br />sure ad this moolffagc or other uansfer of toile tia the mortgaged properrs intxungue hoirmt of ttie nndeh!rilix— +e. mcd hclvh%
<br />vlt tiytht.One anti 411ele11 of tan and to ain% ulvur.,o'X puficiv, then in fnr_r altsal p.a,.+ to the= troy;; h.a,rf =,r la,otrc
<br />4- fhho ae .ubhoinral Moil culla!eral %eciarnt fiat t1a- pa}mefa8 awl tilt' Mac tte*t tlTwd. ,and -A ,utus Ir, L-etr,iria- data wide tint,
<br />rimi ge. IN,, Mo vlag t t,eteh: as4ilan= n. !tie 4fo.,gty, e iO p-ht_, it , . , - sac+ !ayhr -.., ,. testy. -f n, _ a- it !- !fie
<br />Mortr'a.ryou r toldef ori'r , +nd ill - if "Ild plis I'a." , ". —ld ir,,ei,art. soh Fla ,ir,fit 1,- ,. ,tit= '1.d ,.13" ',,I ,.. a.,i to;
<br />itlem t,, grid andehir dnes, _ra ti01lr -flits -ia after del aiih rn the tit "Ithlt „r,a „i, ihan r.. state rt,; tPe io > , .is, J,'1 i.,r ',Ma
<br />last sir d -c , et ins a, if i "r. ,u t`rat+, writ r; d:ar =rte! I'a, =if'I", h 1 +t,t +r' , 114 r
<br />at1 , =a,l ri v, +,a <,.; 114 ,,, ,,ivar,a,
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