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86_ 105160
<br />(a) t 6i A sam equal to the ground rents, if any, next due, plus the Premiums that ,"I next become due and payable on
<br />policies of lire and other harm insurance covering the mo;igaeed property, Plus taxes and assessments next due
<br />an rite mortgaged property frill as €stanal i ht' :rte Wrrg�ec' less all sums already E aid tberekir divided bt the
<br />number it months to elalrse before one month prior to the date when such ground rents, premnams, taxes and
<br />aesessntents will become delinquent. such morns to be held by Mortgagee in =rust to pay said ground rents. Mr
<br />miutns taxes and special assessments; and
<br />till (jX .Alt 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 :Ivlortgagor
<br />each month in a single payment to be applied by the Mortgagee io the fallnwing iterns in the order set fotth:
<br />(3 ) am ground reins, taxes- assessments. f1i c and other heard insurance prenvttutr,s:
<br />(IZ ) lido interest c+n the note secured herchy, and
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<br />III) (Akk amomeatum of the pfrncival of saivi note.
<br />any deficiency in the amount cif an} I such aggrepate *n nt3th na },neat ;tiaa. unless trsue ecwd by Fh Mort
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<br />gagot prior to the due date or the next such- panne•, - _, „ssti €ute an even of detauli under sh,is mortgage. The
<br />Mortgagee may collect a -laic change' not - ic, PxcL,_ - <-trtz I4. , I i.,r ,sett dot,lar {?7 ! , each ax�rirrnt r.,�sr -
<br />than fifteen 0 i �z, sir arreats to cove: the extra exrWrtsc anvoiw -d in handling delinquent payments,
<br />That if the total of the payments made, Ito ibe iktnEr -or underWof paragraph ” preceding shall exceed
<br />the amount of payment= actually made it% the Mortgagee for ground rens -, taxe- and t=sessment= or insurance pre-
<br />miums. as the erse man be, such excess- if the lam is ctrretit. at The option of the Mortgagor. -hall be erxsdited by
<br />rite Mortgagee on subsequent payment:= to be matte by the Mon!,aeor. or refunded to rho lfortgagor. If, bowexcrr. the
<br />*aonthly payment made by ttte Mortgagor tinder :f of {xaragr t ? pircctxiirtc +hall not he sufficient to pay ground
<br />rent, taxes and assessment- or insurautce premium -. as the c;L -w Ina% be, when the game -hall become due and pay-
<br />able then the Mortgagor hall pay to the Mart.Lagee any Amount riev4 --ary to rnake up the deficien" ,vin or before
<br />the dater when payment of such ground rem- rate arse -mem-I or in- trrance premiums shall be, due, If at am
<br />time the Mortgagor shall tender to the inrtgafxw, its ai,c rrdanre with the prcaiisians of the note - enured heretati.
<br />full payvtem of the entire indebtedness represented therein. the Mortga-gee stroll. in computing the amount of !trot+
<br />indebtedness- credit to the account of the Mortgagor 1.
<br />X)NW arty balance trmairting in the fund- accumulated under the proii ';ion oi alof paragtaplt 2 hereef„ if there
<br />,hall be a default under any of the ptiw isiatns of thi-- moittace nesmhine in a public sale of the premises covered
<br />herein`. or if the Mortgagee acquitw- the property otherwise after degurlt. the 3br nizee shall apply. at the,titae of
<br />the commeneement of .mat(h proceed in or at the hate the prrtpc, y i.- otherwi.e acquired, the balance then.rettaain-
<br />ing in the funds accumulated undn�nf paragraph _t pri- edin,. a,- a ccrediI azainsi the amount of principal then
<br />remaining unpaid under ,aid note,'
<br />3. That the Mortgagor will pin ground rents- taxes. assessrims. water rate.. and (Aber eovernttrental or muuwipaf -- -
<br />charges, fine's-or imposnions. fiv- :nO, p,o iron fits nor teem made hereinht #cue, and in dief ault tbereof ;te Mortgagee may
<br />prat the same: and that the Mors agot will pr, tinptk cieltser rite +tiiciai r; _plc therefor to the Mortgagee_
<br />c, The Mortgagor r v.iR rrax all tzxe, vttix'it ';tar toe io.ir ti upon the 11crilgegec's interest in said real estate and Improve-
<br />mews. and which tnav he le +'irai upon this m j:;tgc t +r the deN ecumil hierei -v it in oni} to, the exiettt that such is not prohibit-
<br />ed by taw anti onh it, the extent that such wtr' tim make thi± loan ucuriottsf_ bus excluding any income tax, State or Federal_
<br />imposed on !Mortgagee. and will file the olficiaf -r; e.; t shoo ntr such praymrm xit_tr the klorr ogee. Upon v-iolatiori of this under -,
<br />tatting. or if the Mortgagor r, prohmned h4 env law no- t.- itercafterexi ungfroin ttavmg the whole oran}' portion of the afore-
<br />sand taxes or L"m the r"dermg of ;lm iaurt dccTtr prohib"_ sir pay,atent isy the 'k drip lior or any such Taxes. or if such law
<br />or dezr'ee prondci that ant amount so paid h} the Mortgagor Shall tse credited c e the n,,rtgsge debt_ the Mort�pe�e !hail have
<br />the right it, give nine!% day, written nottice to tiro ctw net cif the -nor gaged prem,se >. requiting the pay meat of the mortgage
<br />dobt If rush notice be gi, cn. the said debt !tali bn -some duo, pal able ir.•td cr aettit l t the expiation of said ninert day
<br />6. 91.t !mould he fail to p,av an-, sum or keep am ,v -n and prosuied fir in this Mortgage. then the moilgagee. at its ore
<br />lwn- mzy par perform tier ,Amc.::nd all expenditure, so made sna73 tv Aded it, the principai rurnouinv,011 the JhOle note.
<br />shrill be ecuied herrti}. and hail "'ear interest at the Este set forth in the said note_ units paidl,
<br />i bar he bcret,y assign,. transfer, and sets over it, the Mo t cagee- it, be cpt?fied tow and the payment of the nine ,ind ail
<br />sums ICcureu hetebti In ale of en default in the performance of any of the terms and conditions of This Morigaee or the said
<br />note. all the rents. revenues and income to ire derived from the mortgaged prcmises during such time as the mortgage indehce'd-
<br />ne_s teal# rentinn unpaid anti the Mortgagee shat! hay& power to app tint any agent or agent, it may desire for the purpose tip
<br />teparring said premise, and if renting the time and ccillecring the rents. r venues and income, and it may pa} our a,f said in•
<br />ccvws all expense-\ of repau Trig mod premme -, and ticOt —wy commissions and expenses incurred in renting and managing the
<br />same and of _collecting rentals therefrom: the balance rer.muning if a ±., to ere arptied io uz:rda the discharge of said mortaditc -
<br />sndetvtedncs
<br />-K That he w-iII keep the improvement, now extreme o, hereafter etectcd on the mire eel, pritf.wrt} insured a, ma� he
<br />- _ guired frarm time it, time Sty the iixtgagee against loss h) fire and other hatreds, casualties and contingencies in such
<br />amounts and fOr such period, as rn.� he requireet Is% t.ite Morlgagc. and -ii pas p<tmpf }. whendte_ ant premiums tnt such
<br />neurons isrOvision for pa >'ment cot which has not teem made herernbeGirc. All Insurance !half tae carried in companter api-
<br />geovcd h. the Mort Agee and the policies and renewals Thereof shall be held h} tit Motrigagec and have attached thereto+ loss
<br />pavaiiic Clauses in favor of and in form acceptable it) the Mortgagee In event of loss Ala imcw will pave immediate notice hs
<br />m,ttl to the morig tgec. who may make proof of loss if not made rrurnpd) b} Mortgtcgor, and each, insurance company cen-
<br />cerned is berehy authorized and directed it, ari tkc payment for such hiss dircc-th to the Morigagev instead I,f to the Mortgag x
<br />And the Mortgagee }Pi ono . and the insuraoce proa'epcl,. os any part thereof, mray lxe applied by the Mortgagee at its option cftlter
<br />ter the rcductton aq the ttxkhredness #rerebr secured or io the resicttation cx repair of the rrc ;wrt% danagril, In eyem of forec pigs
<br />stile of thin niont +e if ottvr tr in ter of tick to the mottp„aged properis in exttrasi'ishmcm of the mdcistednt, , sectur:d heichi ,
<br />all rtgfit:, title and mierest of relic Morig»gor tar, and to am enxuransc pontes titers in f,rrcv shall pa++ to the pur..haser of grAttlec
<br />?tat isld±ty + aDd ceeipkieNd sesirr: y f:rr thr pas ,m„em of the tit =x dr- riheu and u" :ta ,e- 'r• `<+t,..,ms: duo luster 9u,
<br />MKWIAW. i iC iisxfgagtr, iterebk a'Ot"Tis r €i ttie Mort {;agec ai, prtfirs, r.venuc- rokOtic._ t,;ehts and !+erretiis accruing to the
<br />Mrs +t 414V tiro ;ind 0 cal ,rj gas it- -,c, on said premises. with Ilk' right tv it rete+gt for rile .ante s114 1T P,
<br />them 1--d 1'i>a30110mrs, ,ca wt-li f efts[ av after ipef rill a Inc cerrtdan.,rn > + >f shit aotig; gc- -w4 t ?ac yl -a)p ge= a ;,, d< �rw w
<br />f;,r sriit =e;.7,. er oe i as-h pros cstra . w frr n Jae do d ?'tr_ tsar ahO n. »r IV . .rtre.:.t s, ,
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