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86- 105770
<br />(a kW A sum equal to the ground rents, if any, next due, plus the premiums that will next becorne due and payable on
<br />policies of fire and other h=rd insurance coveting the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property fall as estimared by the Mortgage,-) less all sums already paid therefor divided by the
<br />number of months to elapse before one month prior to the date when such grotinu 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 assessment:; and
<br />(p*IJX All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under
<br />the note secured hereby shall he added together, and the aggregate amount thereof shall he paid by the Mortgagor
<br />each month in a single pagrncni u+ he applied by the Mortgagee to the following neins m the Index set forth
<br />xx
<br />(() ( ground tents. taxes. assessments, fire and other hazard insurance premiums.
<br />( I ) interest on the note secured hereby: and
<br />( I I I amort¢ation of the principal of said note.
<br />Any deficiency ni the amount of any such aggregate monthly payment shat€, unless made good by the Mort
<br />gagur prior to [he Line dale of the next such paxmew r„nstiluie an rent It default under this mortgage. The
<br />Mortgagee may culled a 'late charge' n i to cx red t <�;a: ants 14jr) r,.t ea,h dullai (SI ) of each payment mole
<br />than fifteen t i i ,tr s rn arrears to cover the extra expense involved in handling delinquent payments.
<br />3 Thal if the total of the payment- made b% the Mtnrteagor under rftXif paragraph Y pretending -hall exceed
<br />the amount of payment- actually made- ht the Mortgagee for tmnund r( -nt-, taxes and a- •- e-, -me nts nr insurance pre-
<br />mium=, as the rase max be. such excess. if the loan is current. it the option of the Mortgagor. shall be credited bx
<br />the Mortgagee on sub- equfinf payments to be made by the Mortgagor. or refunded to the Mortgagor If, howexer. the
<br />rumthly payment- made by the Mcirtg.tgor uttderx'Wof paragraph ' preceding shall not he sufficient to pav Ground
<br />rent, taxes and assessment- or insurance premiums, a- the case may he. when the same shall become due and pay-
<br />able. then the Mortgagor -hall pay to the Mortgagee any amount nere -ary io make up the deficienrc. e.n or hefore
<br />the date ,yhen payment of such ground rent -•. taxes, ,t- sessarpnts or insurance premiums stall be due. If at arry
<br />time the Mortgagor shall tender io the Mortgagee• in accordance with the prosi -tuns of the note secured hereby,
<br />full payment of the entire inde•btedne_s n- presented tlte•rebx, the Mortgagee =hall- in computing the amount of ureh
<br />indebtedness, credit to the account of the Mortgagor gixxlrfloiapaaf-pttlll!flxt2x
<br />;
<br />) INIfILYRItI�M (1t1lRI(R�QOfX�1�l�IfIf1J7€�fI
<br />�y,
<br />Mill any balancp remaining in the funds accumulated under ih,- prtjxti -ions f of paragraph 2 hereof, If there
<br />shall be a default under ant of the proIision- of this morwage resulting in a public sale of the premises c•otpred
<br />heretn. or if the Miurttagee acquires the propertx otherwise after default, the M1nregagee shall apply, at the time of
<br />the commencement of such proctwdio rs or at the time the properh is Otherwise acquired. the balance then remain-
<br />ing in the fund- accumulated unelerg)t f paragraph _' preceding:. its it credit against the amount of principal then
<br />remaining unpaid under said note. AIll[XiBWx�ll9jrjlYlX dah9tlNctltttpit )ll�IWL11t661x�RKYdWIXX
<br />4. That the Mortgagor will pal ground rent., take,..a— v, %inrnt,. wand rnrr and other eo,ernmenial or municipal
<br />fir,
<br />:,harges. fine or impo,inon, for which pro,i%ion ha, not been made hcreinbefore. and in dcfauh Ihereof the Mortgagee may
<br />pay The Name and That the'etorte:gor will pmmp ih dells! thr official reNcipt, rhrrefor to the Mortgagee
<br />The Mortgagor will pal all taxi, -Itch ma, be fe,icd upon the• Mortgagee , Interest in said real e,l tle and improle-
<br />nientN. and u hrch maN be lc,ird upon the, mortgage it the debt ,ccurrd herc•t,l #hut .in!% to the c\trnl that such 1, not prohihn-
<br />-
<br />ed ht law And URN to the extent that ,u:h wlil not make this loan u,un000 hue r.cluding ant income tax. Sate Or Federal,
<br />imposed on Mortgagre. and will file the edictal receipr ,how mg ,.uch p:at rneni , iih the Mortgagee t pon xtolaton of this under-
<br />taking- or d the Mortgagor i, piohthitrd ht an% law n.:- or hereafter a xs,iing foam ro ing the w hole tir any ponjon of the afore -
<br />,ard take,. of upon the rendering of ant court dreree prohibnine the pa i mint ht the klortvagor or any wch take,. or if wch law
<br />or decree pre,idc, that anti ;,mount ,n paid bt the Mortgagor .hail he .rcdilrd nn the m„rigagr debt. the Mortgagee ,halt haze
<br />the right to pie mnrtt d.ic, -mien notice w the ,+-net I,f the mortgaged prrnn,r,. requiring the payment of the mortgage
<br />debt If ,uch notecc he etxen, the ,aid debt 11121! become due. 1AlahlC 4110 toltettihic it the c•xptraton of ,aid ninety day,.
<br />h That should he fail h.- pa} any ,um or keep an. —1 —ri' pri•. ided t,+r m the, Mlarigage. then the Mortgagee, it n, op-
<br />tion, mat pax it perform the same. and dR expenditure, — made shat! he added to the rnneepa€ ,um nw ing on the aho,e note -
<br />,hail be secured hereb, . and ,hall beer interr,t at the rate ,ci forth in the ,aid nu!c until p -i
<br />Thal he her&% a,sjgm. tran4crN and ,et-, o,er to the Mortgagee- to he applied t.,ward ihr pat mint of the note and all
<br />sums secured herrb> in ca,r of a default in the performance of any of the term and condmon, of the, Mortgage or the ,aid
<br />note- all the rent,. reenue, and income to be denied from the mortgaged premtse, during such time a, the mortgage indebted-
<br />ness ,hall remain unpaid. and the Mortgagee ,hal€ €axe power to aprwim an,. agent or agent, it may desire for the purpo,r of
<br />repainng said prernme, and of renting the same and collecting the reins. re,cniie, and inconir and it may pat nut of Najd In
<br />comes A) expenses of re'patring Lard ptemi,eN and nrce —w% comml „ion, and expcn,e, niturged in renting and managing the
<br />r and Of . :a!rc* -ng re..ta!s iherefre :'n. nix' balance rerrt_imng if An% tr, he :,noted i —..rd the discharge of said moilsuwr
<br />indchfedness.
<br />K. That he will keep the impn+xemenl, now cm%ung O, hereafter erected nn the morigagrd property, inured a, mat tic
<br />required from time io time by itie Mortgagee against dOS, by fug and oihcr hazards .a,u111re, and cnnl ngenctr, in ,11th
<br />amtwots and for ,uch penod, as may be required bt the Mortgagee and -ill put prompth when dur. art\ ptrmlunr, nn ,.ugh
<br />snsurance provision for payment of %hrch has not been made herernbefore All insurancc ,hail he carried in ,ompame% ap
<br />ptoved by the Mortgagee and the pohcteN and renewal, thereof shall he held by the Mortgagee and ha,c attached thereto lo„
<br />pstyahle ,-chutes in favor of and in form acceptable to the Mortgagee In c,cni of III— Mo,tgager will eixc immediate notice ht
<br />mail to the Mortgagee. who may make pr «tf of loss if not made prompth by Mortltaegi :r and cash Inurance compam cult
<br />ce.tted is hereby authorized and directed to make payment for ,ua h In„ directit n, the lilwigagrr in,tead of t,, the Mnrtgagta
<br />and the Mortpig” fontth and the insurance procreds. or an% pan theretd. may be apphed ht the Mongager at its opton eathrr,
<br />io the reduction of the Irxtehrrdrte,s hcrebx ,e :tired Of in the rertuarion nr repair 'If the plllrertN danlsged In t, enl of forts €,I
<br />star, <d this mortg Alie or other transfer of title to the mortgaged prorwrt% in exonlrus,hmeni of the Indebtedne„ Ne, used hc!chs
<br />all IWM, title and interest of the Meniltafot in and to an, inNuranc.c pohcoe, then in f „rte ,hall p.n„ 1i' the rue, h -!,cr ilr otr;tntce
<br />rr That a, addritonal and cottaleral ,rtun11 li+r the pal meW of the alotc de "11hed .rid Ail ,w"), !., lv- n, afui tinder Itil,
<br />114 47.a41ilte. the Me;rl.ltalt.+r hrtrt,% a-ilrn, to the Mortgagee .ill pn,hl, . ic,enue, , ht'nCtll• :I :Cilltng t.: thit'
<br />14firtt'ry'ogol ioidlcl gni 'And ail i,if nd tA, tra,c, iM Nand piemisr,- wnh the right la' #r,rli,- toil ,vnt .Ind aj=rli
<br />t l'wm 'Sri "#J aixirl i -xlot— i,+ aril bef,,rr ":after tie•faull Matt tt ,nitrmot-,.tf tins M, alga[C + =u !ht Moligaget- tn.aa dc,m,ml 'o,
<br />!,:x gnd act —f", A— mh y- ,.treat, when date And ps,ahfe but ,haV TI,-! tW !r" w"', s „jgnn,CW +N I, +ler��•ir..;lt
<br />.psi:, tar.,rmr qvm t aluf c W u,,Gn rrtc,,C 1,I the, mOl(l aft.
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