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(a) (p A sum equal to the ground rents, if any, next due, plus the premiums that will [text become Otte and Fayaole on policies of fire and other hazard insurance cowering the mortgaged property, plus taxes and assessments next due on [fie mortgaged property (OU u et:lmared by. the Morrbagee) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will became delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pre- miums, taxes and special amessiments; and (b) (10 Alt payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shall he added together- and the aggregate amount thereof shall he paid by the Mortgagor each morth in a single payment to be applied by the Mortgagee to the following items in the order set ford): — --- it a ca 11lC/'It'fi}MItefhtr a I ReveiHpltoe ; -------- ormcif Hit, 1121!5t 14, ietrermerr"exe +emnmre-;+•rnrmrrr asrite- case - l sy tv------------------ (I) ground rents, taxes. assessments. fire and other haz; rd insurance premiums, (iI) interest on the note secured hereby. and (III) XfL1D amortization of the principal of said note Ain deficiency in the amount of any such a� ^r_,,:.._ T", ,!'• . z;. unless mode good by the Mort- gagor prior wo the due date , f the next su,h pa, rnclu sit e+ent of default under this mortgage. The Mortgagee may collect a "late charge" not to exceed tw.t'cents 44VI for each dollar (S 1) of each payment more than fifteen I P; 1 dsys tr arrears r,� COW the e.,tf., exnei,.: involved in handling delinquent payments. ",. That if file total of the- payment - made In the• Moregaaor under�V,,! a.:rarraph "_ preceding -hall exceed the amount of payment- actuallt r„ade he if),- for ground rent >. lave- and a -,es -menu or insurance pre- miums. as the ca- -e mat be, -ugh excess, if file loan is current, at the• opw,n of tilt Mortgagor. shall he credited by the Mortgagee on -uh- e_ quent payment- to be- ma e be the Mortga�nr. ur refunded io the Mortgagor if, however. the monthh payment - made by the �forfy,eeor under Wof paratprapli ' precedut>' shalt not he sufficient to pay ground rent, taxer and a�re,smeni- or insurance premium -, a- the ca -e ma} be-. whom the -ame hall become due and pay- able. then the Mortgiwor -hall pay let the Mcirtgagee am amount neces an to make up the deficiency, on or before the date when payment of -uch ground rent taxi a- -essmenu or insurance premiums shall be due. If at am time the Mortgagor shall tender to the MortgaCe e'. in accordance with the provisions of the note secured hereby. full payment of the entire mdeMedno- repro -ented thereby, the Mortgagee -hall, in computing the amount of such indebtedness, credit to the account of the Mortgagor eLi- pe}+ttewts ma- de wteir. A W proa►swt►c -a44 of 0110ap4-2- IteeresF to Wt. f-&- mTmrtwttrr �eetrrar�``-- ffrm�irr�ad -} rbarr-Developtternt-- aite�anv balance remaining in the fund- acruamiafed under the provisiun� of �nf paragraph 2 hereof. if there shall be a default under anv of the- pnnr -ion - „i thi- mortga-ge re -ultme in a public -ale of the premises covered hereby, or if the Mortgzgee acquires the prep, rfc ithorwse after default. tilt. Mortgagee -hall apply, at the time of the commencement of -uch procet-11, or .o the time- the property i- otherwi-e acquired. the balance then remain- ing in the fund- accumulated under x or par.ALtaph 2 preceding. a- a credit agatn -t the amount of principal then remaining unpaid under -ard nose.�w.iuU�rl. �u. t+ w.-{ e+.+ te« tK► xkwrd►- katl� ++�+'= HewrawtdF+radc"`��"-- 4. That the Mortgagor wtli rte, gr,kind rent, tale, asst -, mcm'.. v.atei rate,. and other governmental or municipal charges. fine,. or rmpo,rtton,. !or whick pi,+, tsion ha' no! r+ren made herembefore. and in default thereof the Mortgagee may pay the same. end that the Mortgagor will rrompik deliver the official receipt, ihe;efor to the Mortgagee. The Mortgagor will rev all lase, which mac he iexted upon the Morigapec , interest to said real estate and improve - rnents -and which mac be levied upon tilt, mortgage or the det,r secured here'.-% (hut onlc to the etteni that such is not prohibit- ed h% law anti onlc to the event that ,i,,h will nor make the, loin u,unou,e. but excluding am income tax. State or federal. imposed on Mortgagee. and w,it file the official receipt showing,uch payment with the Mortgagee. Upon violation of this under- taking. or tithe Mortgagor i, pfollihned hx ant law now or hereafter exiting from paymg the whole err any portion of the afore- said taxes. or upon the rendering of am court de,ree prohii+ufng the pay meet by the Mortgagor or any such taxes, or if such law ordecree provide, that anv amount so paid t•v the Mortgagor shall be credited on the mortgage debt. the Mortgagee %hall have the right to give mncrx dax, nurn nonce to the owner of the mortgaged premises requiring the payment of the mortgage debt. If such notice be given. the ,aid dehf ,hall become due. payable and collectible at the expiration of ,aid ninety days 6. That should he fad to pay an% ,um or keep anti e-ovenant provided for in this Mortgage, then the Mortgagee. al its op- tion. may pay or perform the same. and all expenditure, ,o made shall he added to the principal sum ow ing on the atone note. shall be secured hcrehx . and shall bear emerc,t at the rate set forth in the said note untii paid Thai he hereby s y atgn,. transfer, and sets over to the Mortgagee - to he applied toward the payment of the note and all sum, secured fecrebv to raise of a default in the performance of an% of the term, and condition, of this Mortgage or the said note. all the rent,. re,enue, and Income to be derived from the mortgaged prrme,es during su,h time as the mortgage indebted- ness shall remain unpaid and the Mortgagee ,hall ha-,c power to appoint n, agent or agent, it may desire for the purpose of repairing said premise, and of renting the same :end collecting the rent, revenues and income and it may pav out of said in- comes all expenses of repairing said premises and necessary commr,sions and expenses incurred in renting and managing the same and of collecting rentals therefrom. the balance remaining. if any. to he applied toward the discharge of said mortgage milchtednes, fi That he will keep the improvements now existing or hereafter erected on the mortgaged property. insured as may be required from time to time. by the Mortgagee a:am,r loss h; fire and other hazard, casualties and contingencies in such amounts and for such period, a, m:ry he required by the Mortgagee and will pav prompth. when due. am premiums on such Insurance provision for payment of which has not been made heremhefore. All insurance shall he carried in companies ap- proved hx the Mortga ivc and the policies and renewals thereof shall he held by the Mortgagee and have attached thereto loss flayabic clause, in favor of and in forri .a„ eptehle n the Mortgagee In e,ent of tins Mortgagor will give immediate notice by triad to the Mortgagee. who may make rtoof of loss if not made pmmptiv by Mortgagor. and cacti msurancc company con- cerned k hetehv authvrilcd and directed to make payment for such loss dncetiv to the Mortgagee instead of to the Mortgagor and The Mortgagor ioenih . and tore tri,tnance pfosccd, or any part thereof. may he applied by the %lorigagec at ifs option either seine[ >edtictwri of fhc m&Ncdnesv nrretiv secured err ;o the restoration or repair of fhr property damaged. In went of forcclo- s,ure of this mortgage oe other itancfet of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right. title a 'd ir:trrr i ; *f the %f< riyakor m and to anx insurance pollcee, then en iw,c shall pass to the purchaser of grantee et That a, a itittl na, and ,o41mo , ,evurits for the ravment of the note di,n,bcd. and all sums to become due tender this morigaige the x1ollirie },'r ttcrehs ,i „rcn, to rife Mortgagee li profit, rc,rntics rovellies. rights and benefits accruing to the Mortgagnr uridrr an% :Ian; a+( col : nd e.V teases on said premise,. with the right to attest and receipt for the same and apple them to ard erxict.tednc, A, well before a +offer defatelt in the tx,nditwn, of the, m:. :tgegr . -rid ehe Mortgagee may demand, cur for and recosc- sit. ,.u,n r , merit. w hen due Arid payable. but shall not hr reuuue;f ,, i• . W lilts a,signmcm is it, termnale ,wad t e,,,mr nua'3 and .nisi rav,n we.tvc .i rhos morignilt HWL).92143M (a 191