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<br />(a)W, A sum equal to the ground rents, if any, next due. plus the premiums that will :next become due and payable -it
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property toll as estrinared ht° the Af!rtgageel 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 ercnrnd rents, pre-
<br />miutns, taxes and special assessments; and
<br />(b)JI* All payments mentioned in the two preceding subsections of this paragraph and all payments ifs be made under
<br />the note secured hereby shall he added together. and the aggregate amount thereof shall be paid by the Mortilagor
<br />each month in a single payment to be applied by the Mortgagee it; the following items in the order set forth:.
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<br />(1 ) ground rents. taxes, assessments fire and oilier hazard insurance premiums:
<br />(11) Oblkk interest on the note secured herebv:and
<br />t I 1 I )Si lk arnortiratton of the principal of sail= note.
<br />Any defictenev tit the amount of any such aggrepate momltty payment shall. unless made ROod by the.Mon-
<br />gagvsr prior to the due date of the next such r:a?ale"F _1:1stitute all ev -err it default under this n orleage- The
<br />Mortgagee may collect a "lore charee" not u,, ex — u C ;,, ;r ,'niS t4v) lo- each dollar {SI ) o) ea it - aynaent t =:ore
<br />than fifteen (1 5') d: ;ysin arrears to cover the extra expense involved in handling delinquent pavarents.
<br />ta)
<br />That if the total of the payments made h+ the M ortgapor under ffAof paragraph ? precedin2 =hall exceed
<br />the amount of payments actualh made by the Mort--agep for -hound rents, taxe, and a >se- sments or ni- urance pre-
<br />miums. as the case may he, such excess, if tl._ loan is current, at the option of the Mortgagor. shall be credited by
<br />the y)ort _age. on s rib- equent payments to be ma¢=e by the Mortgagor. or refunded to the Mortaagor. If, however. the
<br />rnonthty payment* made by the Mortgagor undetXM!of paragraph ? preceding shall not lee sufficient to pax- dessert -d
<br />rent, taxes and assessments or insurance premiums. a the case may be -hen the -same shalt become due and pat-
<br />able then the Mortgagor shall par to the Mortgagee any amount nece-sary to make up the deficiency. on or before
<br />the date when payment of such ground rents_ taxes. assessments or insurance premiums -shalt be due. If at :gym
<br />time the Mortgagor -hall tender to the Mortgagee, in accordance with the provisions of the note secured herebt _
<br />full payment of the entire indebtedness, represented thereby. the yktrigat?ee Matt. in coin wilt the moartt of _arch
<br />indebtedness, credit to the account of the Mortgagor
<br />=4 anv balance remaining in the funds at cumulated under the provisions W111 of paragraph 2 hereof, If there
<br />shall be a default under any of the prosi�5ions of this mortgage resulting in a public sate of the premises ioNered
<br />hereby. or if the 1Iortgagee acquires the property otherwise after default. the Mortgagee ,shall apply_ at the tittle of
<br />the commencement of such proceedin or at the time the property is otherwise acquired. the balance then remain-
<br />ing in the funds accumulated under ' f paragraph 2 preceding a, a credit against the amount of principal then
<br />remaining unpaid under said note, itX#Yi6Dt>bL➢I1G4rl�tX
<br />4. That the Mortgagor will pay ground rents, taxes assessments_ xater rates, and other governrnertt.i'- or rtumcapa>
<br />charges. fines. or imposition.. for which provision ha> not been made heremisefare. and in efauh there of the bartg".r_ee iraii
<br />Pay the same: and that the Mortgagor "ill p ro^tpth deli~ er the official recei rt, therefor to the yftxtgagee.
<br />s_ The Mortgagor will pat all taxes :.hick may be ieviei upon the Mortgagee', irate T,t in ,:rid real :,ta_te --ild irtirns..e-
<br />ments. and which may he levied upon tbi, mortgage or the debt - ecured hereb: ,b #at kink go the exte:tt that such v5 not proltit,it-
<br />ed by law and only fir the extent that such will not make thi, loam ustrriou,r. but excluding an) inceriie ttax. Staie or federal.
<br />imposed tin Mortgagee. and will file the official receipt sbowinesucb payment with the Mortgagee. Ul or, violatis�n elf thi, Undet-
<br />taking. or if the Mortgagor i5 prohibited by any saw n[,sv ur heyreafterc xisiing from t,. =•tint the uhf ;le or an: portia +n of the afore-
<br />said taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgag r or any such taxes_ or if such taw
<br />ordecreeprosides that any amount ,o paid by the Wifeagor shalt he, credited= rt be a,a,rtgage debt_ the S €cxtg grr,h l! hale
<br />the right to give ninety day s` written notice to the o,a xf of the mortg god pre mtsr . requiring the ray'ment of the niertga e
<br />debt- If such notice he _seven, the ,aid debt chub become ,sues pair able and col;eco,"le at thee k u aths r. ,e? said ninety d a %,,
<br />b- That should he fail to rag any ,uni or keep my c .e- ;i .- pro%icird for .n chi, Mortgage, *,ben the xS,3ttgrgee. L_. firs "p-
<br />tion. may pag perfor rte the anu all M =pendnure, s, made, e . hall be added t,. zhennncipal . u..^t the^ dN .,
<br />shall be secured hereby. and ,half hear into: ect at the -late -rt forth m the rid note. unity paid,
<br />`. That he hereby a,sign,- transfers and set, aver -at the Mortgagee. to te :pphed tovi:ard file ravine i x.f the c.+te : d soli
<br />sums secured hereb} in c`atie of a default in the performance of ane of the lemur, and cstniliurwns tirf this titautgcigc s`r the =� =3
<br />note, all the rents, revenue, and income to be derived from the mortgaged premises during =u h titnt as the mttr e i "Ie red
<br />tress shalt remain ttnpaid. and the `viartgagee shalt bag e po%rr. to appoint :rat - agent or agent, it may sle,ire for the t-ut r , -_
<br />repairing said premises and of renting the same and :Mlecting the rent., _c ernes and income, and may ; _ . . !P
<br />-
<br />comes all expense, of repairing said premise, and nece ,sty commission, and expense, interred in renting n d trgirg ihcr
<br />same and of collecting rentals therefrom: the balance rem fining, if anx, to be applied tox °,ad the discharge of ,:,id r orszv
<br />indebtedness.
<br />R. That be will keep the imprf,vement, now ev,ling .,t hereafter crested on the nio gaged property, in, red
<br />required from time to time by the Mortgagee against Ins; by fire and Esther hazard,, ; ,ualtirs and cuntineen ic, in sus b
<br />amounts and for such periods :ti may he required by the Mortgagee and will pay promptly . v. hen due. :nty premium, ^, wch
<br />insurance provision for payment of which has not been made herembctore- All insurance ,hall be :armed or c. trap stress ,, -
<br />proved by the Mortgagee and the policies and renewals thereof shall be held by the :xtortgagee and hang ml chex
<br />pay°ahle clauses in favor of and in form acceptable to the Mortgagee. In event of }Lacs Mortgagor will zive tmmediaic roof,, b�
<br />mail to the Mortgagee, who may maize proof of loss if not made promptly by Mortgagor. and each insurance unipan.,
<br />cerned is hereby authorized and directed to make pay meat for such loss directh to the Mortgagee instcad of t„ the Lt.xtL. =z>
<br />and the Mortgagee )oi itly. and the insurance proceeds. or anv part thereof. may he applied M the Mortgages 4t its vp titer either,
<br />to the reduction of the indebtedness he rO,% secured or to the restoration or repair of the Propene dais aced- In c v eti t t f,"TC,410
<br />sure of this mortgage or other transfer of title to the mort ed property in c xunjew,hnaem c if the anclehtedne,s t v
<br />all right, title and interest of the Ifortgagor in and it) any insurance pchcies then i. force shadl pa„ to the purcha 4ti =.cs�
<br />9_ That as additionat and collateral security for the payment of the note dz- crihed. and all runts to Jsev.rni sr+t ➢.r €t;1�
<br />mortgage, the Mortgal;or hereby assign, to the Mortgagee all profits. revenue,, r,nalttcs, r:ght> and isenciit,
<br />Mortgagor under ;my and alt i"il ;rnd gas leases on said premise,, with the _rich' :o restive .:nt'. lot the
<br />them to said lndehtedntss as well before, us after defauh in the condown, of this t;rertgage- and nc, ri ug i'ce a, t _,_ w 'It, for anJ real, c3 ml,, such pa) menu, tshen due and pav:,hle. hit snail not be regl.nrcd ,,, r„ ,lo I'hos is mcrt t ....,.
<br />e,nd iv l mm wall and v od unrn 1 crease of 1114, mot teaee,
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