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<br />(ajMX A sum 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 />on the mortgaged property (all as estimated by the i1forigagee) 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 trust to pay said ground rents. pre -
<br />miums. taxes and special assessments: and
<br />(bfkjX All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under
<br />the note secured hereby shall be added together. and the aggregate amount thereof shall be paid by the Mortgagor
<br />each month in a single payment to he applied by the Mortgagee to the following iterns in the order set Borth:
<br />(1) (Wx ground rents, taxes, assessments. fire and other rhaiard insurance premiums;
<br />(i 1) (Intl X interest on the note secured hereby; and
<br />(f I 1 Sk}fkX amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate munthhI payment shall, unless made good by the Mort-
<br />gagor prior to the due date of the next such pay mesa_ �. iistitute an e,ent of default under this mortgage. The
<br />Mortgagee may collect a "late charge" not tel exxed rata -cents 14o Im each dollar (S I) of each payment more
<br />than fifteen (1 c) ,lays ir, arrears to cover the extra expense involved in handling delinquent payments_
<br />(a) :3. That if the total of the payment, made bx the Mort gat=ou under ; acxgf paragraph "preceding =hall exceed
<br />the amount of payment,, actually made by the,lortgagc(- far Lmound rent,, <, taxes and or insurance pre-
<br />miums, a= the case may be, -uch excess, if the Ician is current. at the option of the Mortgagor. shall be credited bl-
<br />the Mortgagee on st16equent payment- to be made by the Mortgagor, or refunded to the Mortgagor- ff, however, the
<br />rionthly payment, made by the Mortgagor under 414 paragraph 2 preceding shall not be sufficient to par ground'
<br />rent, taxe -s and assessments or insurance premium-_ a, the case may be- when the -ame =hall become due and pay
<br />able, then the 'Mortgagor shall pay to the ytorttaRc =e am amount neccs. an to make up the deffcienci=, on or before -.
<br />the date when payment of such ground rent; ta<en. a.'Se,- -ment- or insurance premium., �itall be due. ff at any
<br />time the Mortgagor shall tender 14) the Mortgagee, it,, accordance with the provi -ions of the note - ec-ured hereby.
<br />ful I payment of the entire indebtednes, represented thereby, the Mortgagee -bald, in computin the amount of such
<br />indebtedness, credit to the account of the ,Mortgagor
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<br />many balance remaining in the fund- accumulated under the provision, ok6tif paragraph ? hereof If there
<br />-hall be a default under any of the provi -tones of this mortgage re- ,ulting in a public , =ale of the premises coxered
<br />hereby, or if the Mortgagee acquire- the property otherwise sifter default. the Mortgagee zftat) rpplt, at the time of
<br />the commencement of such proceeding,, of at the time the property is otherwise acquired. the balance then remain-
<br />ing in the fund- accumulated under ij. 1 paragraph "_ preceding, as a t redit again -t the amount of principal then
<br />remaining unpaid under said note aq(
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<br />4. That the Mortgagor will pay ground rents. tries. assessments, water rates, and .tither goxernmenta) or municipal - -
<br />charges. fines, or imposition,. for which prate,ie-n has not teen made herrinhef.,re, and in default thereof the Mortgagee maai
<br />pa; the same; and that the Mortgagor will promptly delnei the od4cialreceipt% therefor ice the Mortgagee_
<br />:- The Mortgagor will pai all nixes which mat be lexred upon the Mortgagre', interest in said real estate and improxe-
<br />ments. and w hich may be lc, led upon the mortgage or the debt secured hereby -hm onit, it, the extent that such e not tprt hitit-
<br />ed by law and unit' to the extent that cut h will not make this €,a:n usuriiou,i. hilt excluding any Income tax. State or Federal,
<br />imposed on Mortgagee. And will file the otficial receipt showing such pay meni with the ,ortgagee. Upon tiolation (it this under-
<br />taking, or if the Mortgagor is prohibited by ant law now or hereafter existing from paving the whole ttr aoy portion of the afore -
<br />said taxes, or upon the rendering of any court decree prohibiting the pal meat by the Mortgagor or any such taxes, or if such law
<br />or decree pro%ides that any amount ,ci paid hi the ,Mortgagor shall he credited on the mortgage delft, the 'sfortgakee shall hate
<br />the right to give nmett day.- writtev notice to the owner of the mortgaged tremises. requiring the payment if the mortgage
<br />debt. If such mince be gixen, the aid dehl shall become due. payable and collectible at the expiration of said nmeiv day,.
<br />h. That should he fail iii pay any sum or keep anx coseriantprovided for in this Mortgage. then the Mortgagee. at its:op-
<br />tion, may pay or perform the same. and all expenditures sit made shall he added it) the principal sum cowing tin the aboxe near.
<br />shall he secured herehy, and shall bear interest at the rate set forth in the said note, until paid.
<br />7. That he herebt assigns. transfers and sets o% et r:) the Mortgagee. to be .applied to" and the pay meat of the noie and all
<br />sums secured hetebx in case of default tit the performance iif any of the term, And conditions of the, ,Mortgage alt the ,aid
<br />note, all the rents, retenues and income it, he derixed from the mortgaged premises dunng such time a, the mortgage indebted-
<br />ties, shall remain unpaid; and the Mortgagee shall hate power it) appoint any agent of agents it mat desire for the purpc)se of
<br />repairing said premise, and ,,f renting the same and Alecling the ;cnts. re,, cnue, and income. and it may pay cut rt f said in-
<br />comes all expenses of repaving said promise, and necessary commissions and expense, . incurred in renting and managing the
<br />same and iif collecting rentals therefrom: the balance renaming. if any, an be applied toward the discharge of said mert_g:age
<br />indebtedness.
<br />8. That he waif keep the impreternenis now existing or hereaftei erected tin the im,rigaged property. Insured As in e
<br />required from time to time by the Mortgagee against has by fire and ether hazard,. ,a,uaitics. =rod contingencies in such
<br />amounts and for such periods as .etas be required by the yrMoTtgager And weft pay promptly- when dt.e. any premiums on such
<br />tt•,urapt p:ovision for p-a ^ en, of which has not horn made hereinbefore Aft msuraoLc - hall he carried in companie ., -
<br />proved by the Mortgagee and the policie, and renewal, thereof ,hall he held h< the Mortgagee And hair auached ifterelo ,c :s
<br />payable clause, in favor of and in form acceptable to the ,Mortgagee. In ex ent of It,,, Mortgagor -ill gate immediate nou e hx'
<br />mail to the Mortgagee, who may make proof of loss if not made promptly by 3lortgagor, and each insurance .company :,in-
<br />cerned is hereby authorized and directed u, make payment for such kiss directly to the Mortgagee instead of to the Mortgagor
<br />and the ~Mortgagee foiotly. and the insurance proceeds. or anv part thereof. nary lsr applied by the Mortgagee it its option either
<br />to the redutlion cif the indettednex, hereby secured or to the restol -atix n or repait of the ptopcih damaged In evenr vffareclo.
<br />sure of this morrgagr of other transfer if title to the mortgaged ptoperty in cxtinguishnettt of ate indebtedness ,t,auad hcrrhx
<br />all right. title and Interest,,( me Muitgt n in and ti, any Insurance Polices then in fatrcc shall pas, to the put, h1a,e, it VA,nte;
<br />9- That .a, additional and collateral secunh rut the pay ruent of the little de „ribed and all suns, n, re,,,nu j.v r rife; Ihi,
<br />nkrrigage, the Mortgagoi hxrrhy ac,sl o, I,,, the ,Mortgagee all puefits,r ors enecs Toti aloes, rights .Intl hrnet,i. I” tier
<br />MortgairoT 1'"der ant and a t ill and t s lease, nn said picmisew with the right i, cy,e "P.0 e� ctpt i i or a - t i pt-J,
<br />t1wat tax xaul tegta`),ieslu a well hef„ae;t after dxfJnti ra the -Jiv'tan+ , -his Nq ly,agE' 6n 7 tr,{ "•tr rf ta>nc+ r "'r,e 3t ,a. , <u ..r
<br />fur .im1 tr:r� =cr :silo ,ira;h pct =.- irlrnl..slltn Mile^ ;anti pus.ri+lr:. hart ,licit now hr rrysiirc ;f .. ., ..,
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