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f 1 56-- 105745 ,in (a)I(Il>j A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property fall as estimated by the Mortgagee) 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 become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pre- miums. taxes and special assessments; and (b) fA All payments mentioi.ed in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shall be added together. and the aggregate amount thereof shall be paid by the Mortgagor each month in a single payment to be applied by the Mortgagee to the following items in the order set forth: 7dlT•k)i0('x�7C Ap{7Clt9mt10tXK. >fifg #M>dfX (1) j ground rents, taxes, assessments, fire and other hazard insurance premiums; (11) interest on the note secured hereby. and (t 11))f ft amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the Mort- gagor prior to the due date of the next such payntetn. oonsutuie an event of default under this mortgage. The Mortgagee may collect a "late charge" not it) exceed toar cents 14¢) for each dollar 61 ►of each payment inure than fifteen (15) clays in arrears to cover the extra expense involved in handling delinquent payments. (a) 3. That if the total of the payments made by the Mortgagor under It of paragraph 2 preceding shall exceed the amount of payments actually made by the %lortgagee for around rents, taxes and assessments or insurance pre- miums, as the case may be, such excess, of the loan is current, at the option of the Mortgagor, shall be credited by the Mortgagee on subsequent payments to be malllc� by the Mortgagor. or refunded In the Mortgagor If, however, the monthly payments made by the Afortgagor undo , of paragraph 2 preceding shall not he sufficient to pay ground rent, taxes and assessment= or insurance premium -, as the case ma "N be. when the same ,hall become due and pzy- abie, then the yMrtgagor shall par to the Mortgagee any amount neces�an to make up the deficiency. on or before the date when payment of such ground rents. taxes=, ass- essments or insurance premiums shall be due. If at any time the flortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby. full payment of the entire indebtedness represented thereby, the Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the ?Mortgagor 1Wd any balance remaining in the funds accumulated under the provisions IIA W4 of paragraph ? hereof. If there shall be a default under ant of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such procetdin . or at the time the property is otherwise- acquired. the balance then remain - ing in the funds accumulated undeiKATof paragraph _r preceding,. a- a credit against the amount of principal then remaining unpaid under said note, vaq > 4KililKg ±111iXflxKll4l*WxWWKNiHV X 4. That the Mortgagor will pay ground rents. taxes, assessments. water rate,. and other governmental or municipal charges, fines. or imposition,, for which provi,ion has not been made hereinhefore, and in default thereof the Mortgagee may pay the same: and that the Mortgagor will promptl} deliver the otficial receipts therefor to the Mortgagee. 5. The Mortgagor will pay all taxes which may he leered upon the Mortgagee , interest in said real estate and improve- ments, and which may be levied upon it , mortgage or the dcht ,ccured hereby shut only to the extent that such is not prohibit- ed by law and only to the extent that such will not make this loam u,unous). but excluding any income tax. Stare or Federal. imposed on Mortgagee. and mill file the official receipt showing such payment w th the Mortgagee t pon v iolation of this under- taking, or if the Mortgagor is prohibited M any law now or hereafter existing from paying the whole or any portion of the afore- said taxes. err upon the rendering of any court decree prohibiting the payment by the Mortgagor „r any such taxes - or if such law or decree provides that any amount so paid by the Mortgagor shall he credited on the mortgage debt, the Mortgagee shall have the right to give ninety days' torinen notice to the owner of the mortgaged premise,- requiring the payment of the mortgage debt. if such notice he green, the said debt shall hecome due. payable and :ollecuhle at thee \pirati(in of said ninety day s 6. That should he fail to pay any sum or keep any covenant provided for in this Mortgage. then the Morigagee. at its op- tion. may pay or perform the same. and all expendnurc, ,o made ,hall he added to the principal +um owing on the above note. shall be secured herehv , and shall hear interest :d the rate set forth in the said note. until paid That he hereby assigns. transfers and set, over to the Mortgagee. to he applied tow and the pay ment of the note and all sums secured hereby in case of a default in the performance of any of the term+ and conditions of this Mortgage or the said note, all the rents, revenues and income to be derived from the mortgaged premises during such time its the mortgage indebted- ness shall remain unpaid: and the ?Mortgagee shall have power to appoint any agent or agents it may de,ire for the purpose of repairing said premises and of renting the same and collecting the rent,. revenues and income. and it may pay out of sand in- comes all expenses of repairing aid premises and nece,sarx commissions and expense, incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining, if any, to he applied to"ard the discharge of said mortgage indebtedness. 8. That he will keep the improvements now existing or hereafter erected on the mortgaged property, insured as may he required from time to time M the Mortgagee against loss by fire and other hazards. vastrdties and contingencies in such amounts and for such period% as may he required by the Mortgagee and will pay promptly. when disc. any premium, on such insurance provision for payment of which has not been made heremhefore All insurance shall he :arried in companies ap- proved by the Mortgagee and the policies and renewals thereof shall he held by the Mortgagee and haxe attached thereto I.,,s payable clauses in favor of and in form acceptable to the Mortgagee In went of loss %lorigagoi wilt goc irnmedune noute by mail to the Mortgagee. who may make proof of loss if not made prompth by Mortgagor. and each in+mance company con corned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the !Mortgagee Ioiatly. and the insurance proceeds, or any part thereof. may he applied by the Mortgagee it its option cthe, to the reduction of the indebtedness herehx secured or to the restoration of repair of the property dann,ged In event of fore, In sure of this mortgage or other itansfer of tide to the mortgaged properry in cxnnguishmeni of the mdebtedne„ ,c, urcd hci ch, all right, title and interest of the Mortgagor in and to arty insurance polhoe, then in forve ,hall psis, to the pur, haver Or 1:1,intee 9 'rhat its additional and ,ollatcril se :unty for the payment of the note dcs,nhed. surd ,d! sum, it, betonte dvie under Ihi, mortgage. the Mortgagor herehx as,rgn, to the Mortgagee all profit,. rescouc, ros:due, right\ ind henchl, ill riling it the Mortgagor under any and all oil and iras lease, on sand premise,, ulth the right In ra' :else .,red !r,eipt Lon +1,c .ono ind them to said indchtednc„ as ucIt bef VEC a, diter def :,ult in the cnnduron, of thl, IV, ,It .a:d the M."I d, n;..n,! ,... f„r and reco,ei anx ,u,h pavmenu, uhrn dun' ,,red pal ahie 1,111 ,h,dl nut he rrqune,! r .i,, I hi, ,sae rn, nl mn.,ilr :artd become null and void urxm irle,a,c M the mortea¢e