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<br />86-- 104928 kii'mi minis
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<br />Am
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<br />(a)fOlk A sure equal to the ground rents, if any, next due. plus the premiums that will next become due and payable on
<br />policies of fire and other hazard insurance covering the mortgaged property. plus taxes and assessments next due
<br />0o the mortgaged property (all as'estitnared 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 mast to pay said ground rents, pre-
<br />miums, taxes and special assessments; and
<br />(ya All payments ritentioned in the two preceding subsections Of this paragraph and all pay,,
<br />nts to be made under
<br />the note secured hereby shall be added together, and the aggregate amount thereof shall be paid by the Mortgager
<br />each month in a single payment to be applied by the Mortgagee to the Following items in the order set forth:
<br />-- — - lGa7(9t7dt9tx
<br />( {) ground rents, taxes, assessments, fire and other hazard insurance premiums:
<br />(11) interest on the note secured hereby, and
<br />(I { I ) amortization of the principal of said note.
<br />Any deficiency in the amount iaf ant° such aggregate monthly payment shalt, unless made giw by the Mort -
<br />gagor prior to the due date if (lie next such paysne,.t. k,nstituae an ccent of defaul under this mortgage. The
<br />Mortgagee may collect a "late charge" not to ex veil t� .r zent t=ry) tnr each dollar (Si ) of each paNment more
<br />than fifteen (15) bays it, arrears to diver the extra ex tense involved in hanciling delinquent payments-
<br />(a)
<br />:i. That if the total of the payment, made fly the Morigagor under AXII(ni' paragraph 'd prcc ding shall exceed
<br />the amount of payment., actually made by the Mortga gee for ground rent:, tare- and us-e.. meat= or in.:ntrance plc
<br />miums. as the case may be. such excess, if the loan is current. at the option of the Mortgagor, shall lx= credited hy:
<br />the Mortgagee on �uhsequent payments to be ma a by the Mortgagor, or refunded to the Mortgagor- IL hovyexer, the
<br />monthly payment- made by the Mortgagor uncle We f paragraph 2 preceding shall not be sufficient to pay ground
<br />rent. taxes and assessments, or insurance premiums. a. the case may be, when the -ame =hall become due and pay -
<br />able, then the Mortgagor .. -hall pay to the Alit
<br />rtgagee any amount nece�sar) to make up the deficiency, on or before
<br />the date when payment r ..th F u rl rc art: - -, raxe. <. az �rrrrca �,r ;r. .�._ premium= . -hall he due; If at any
<br />time the Mortgagor .:hall tender to the Mortgagee, in accordance mith the provi -ivn.S of the note r.'erurea nerx'2ry,
<br />full payment of the entire, indebtedrw repre-sented thereby. the Mortgagee -hail. in computing_ the amount of -Arch
<br />indebtedness, credit to the account of the Mortgagor
<br />�Lanae£ x�d�iadt>Ctoat�iOa�oe�dt�nlmosk
<br />)l -any balance remaining in the funds accumulated under the PrON ision-S L#& of paragraph 2 hereuf L If there
<br />,hall be a default under any cif the provi -iryn
<br />of fhi= ttuirt„�age ret,;,tlting in a public sale of the premiiws covered
<br />hereby. or if the Mortgagee acquires the property otherwise after defy id t, the Mormagee Mall atpialy, at the time of
<br />the commencement of uch proceeding ',, u at the time the property L I,- rtherwi -e acquired. die balance then remain-
<br />ing in the fund- accumulated under - ' if paragraph 21 preceding, a.- a credit against the amount of principal then
<br />remaining unpaid under said note.
<br />�Ifjt
<br />S That the Mortgagor will par ground trots, taxes. assessments. uatter rates, and ortter yovertiawmal of municipal
<br />charges, fine., or impositions. for wftich pr<svtsitrn has not t+ri-n made hercint eforre, and in default thereof the Mortgagee ma}
<br />pay the same: and than the Mortgagor will promrtty defit,er the official receipts therefor to the 3furtgaYee-
<br />The 0.tctrtgaigor writ gas all t,,xrs m hdc mat, r Icy ltd up£sn :ha Mengegces ;merest in sand real c,iade and Improve-
<br />and u litch may tx levied urc,n tail= mortgage er the dov -c nrcd hcreht i Nit only it, the extent that arch i notp- lubii- _
<br />ed by lam and anly III the extent ihat -i 'h,:tii not 'mAc Thi, . in�in usuricaricr. but excluding any income tax. SAate en Federal, .
<br />imposed on Mortgagee. and it it; file t`ti, . slicljl reE etpt shisa ing such pai ment with'the Mortgagee. CrIon violation of this under-
<br />taking, or if the k{orttaati r is proluNted �3 any lam noisL ,ir hereafter existing from paving the whole a any portion cif the aafore-
<br />sato taxc,. „r upon the rendering of .Fns .suit decree nr.>h hittng the p c mcm by the Mortgagor or any such taxes. V if such law .
<br />in decree prat ides that any amount ski p rid ht- the %Lift_" r s#ia; tv : rditcd on the mc:ngage debt, the Mo tg#g€r shaf? hate
<br />the right to give ninety d.as,' writter, notice t,a the wanner if the mortgaged Trent es, reyuirme the payment of the mortgage
<br />debt. If such notice he get rr,_ the said del,! It-11 hecome due, pa} able nd collectible at the expiratuat of said ninety da} t-
<br />6. That should he tail ?.r p;ai aan% sum or keep .anti <- �...en art prxk =rded (i,r in this 1{,rrt age_ then the Mcsrig afire- ©t its ,p-
<br />"'In' may pat or prrform the .acne. and ill esptnditutes +r) msde sh4il he added to the principal sum ,awing arc the et ove nore-
<br />shall Ise secured heret -y . and shall I e.ar interest at the rate set torch in a.he said ro;e. enui r ic:
<br />That he heref*% .assigns, transfers, and sx t. at cr tad the yortgagee, tkt he :snp?trd to" ara the payment if The n Tte ;end att
<br />sums secured hertb% in case If a default in the pCrforrnwicr of an% of the iermN ;and conditions .,f thi, Mortgtee , +r the saaid
<br />note, all the rents. re+cnue, and Income to he dery e-d front the mortgaged premises during such time as the mortg it mdehttd-
<br />Ties, skull remain unpaid, and the Morgagee shall hate ptiw er bet a;�sint any -agent . r agent, it may dCstre for the ,-am'c of
<br />repairing said premises and of renting The same and colteetingt the rents. resenu t, and Income, and it mio nay tiw of ,ai i
<br />comes all expenses of repairing said premises and necets4r cvmrntscion: and evxnse+ ..Anted in renting and maralant the
<br />cant and nl' cnllteung rentals therafnxna the balance re r mom, if any. ter IV ,Lpphcd towns the discharge (If id ri gage
<br />irutthtrdnes.
<br />S. "shat he witi kelp the impr ovements riko, ex »ttrig:— hereafter elected on The morigitged property. insured as rust fie
<br />requited from time act time by the Vic }ngaeer against 10- by fire 471,01 other haa,trd,_ casualties and icintfngericies in "etch
<br />ant =+aril', and fire such pent',#- :, irtay he required h -,be M rtgagtc and uilt rav proirrptai . w hen di,e. ;mn premau:rrs „rt _uch
<br />1 -Ace , .- .= +i +ir,ra `,;r pav;;reT i .,i mhiv-h has not `tree in,kde 7acreint efore A;t ineurinee shalt -bk k':at titil in -
<br />proved by the Mortgagee aid the pct icic, and renewals thereof shall Ise Reid hx the Mori igetr and hart .attschtxl 1hete;o
<br />pavahle clause, in fa, or of and in form acceptahie acs the Mortgagee, In etent (if tails Mortgagor mitt goe vannedraitc nailer~ hi
<br />snail to the Mortgagee. who mas make piklof of loss if not trade prkiinpiIi t--y Mortgagor. and each insurxn,t cc +mrans cIm
<br />corned is hereby authorized and dtrrct" to make payment for such I— dareetly te> the <itur akeeinsitacl+,i t= t?ic M,xt °tp,gex
<br />and the Mortgagee Toioth . anal the insurance pri)cceds. or amw p,,n thettof, may lie aapphed t+y the MUTAgagee :it it, optikin Citric=
<br />to the {eduction of the indcbtedricss hrret t w tired or io the restoration i +r repair of the pr.,perit dazaaged. In e,ent,4 r =re,i.,
<br />sore Tit thie nrott{,age of other tranyfc of title to the rnarigaged properiy in exnnguis#tn cm i ihs i + + =It prednrss c u a 1 ea f t
<br />All risb c trill uW interest of the MortgAgoT in and €c any insurance roh tc, then in fie +t cc sh � r.i . :.; the p itch:', , �,itet
<br />4 That as ,iddiuonsi and et,11ateral ,cs unit f„r the pjs merit of the netc #excrihed..,n t . ,,g t„ >;ca +Farr, Laic a € =3 „r- !ht,
<br />rnnrtgigt. she'lart{tag.ja ketch} as fins tr tfic xli ttga)re all i '.? Y,. trventie *. ,a,t:a ➢fir, ^yght - in. ne;it, :,r.. :Q =u 10 +he
<br />Mortgagor ::ruler .in} .a =;d At , ...yn.t - .i, 1,, .rs ,,>u said prrmi ". unh the Tight t -, ..er,e .:n eai :. .i:r 1, ilIt -,_ p ?t
<br />them � -m.id 9o"+t1_tkta ,.t'K'�•r ee welt t t,qc d Airr de N-ri in th €;ta ulm n"'I This FTLek.t - .... -..t th, M o iK�r, .. zl Ov �`V
<br />-c 1 ""r ,ins Gr,c ?; I'— eaz, ;it: �htra date .s,nd pa. -;thtt flail %h,;- •,.,[ t rwv.-a ref .� ',. ,1.- ,'sa, p.,.,,r a. _
<br />sn,i „�.i ,� _.•' *.r :3;? ,f t?'e!, ,i+,ri�l+ .
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