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<br />(a* A sum equal to the ground trots; if any, next due, plus the premiums that will next become due and payable on
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property (all as estimated by the Mortgagee) 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 ground rents, pre-
<br />miums; taxes and special assessments; and
<br />(b)i* All 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 Mortgagor
<br />each month in a single payment to be applied by the Mortgagee to the following items in the order set forth:
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<br />(I j ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(I 1 j f6tlllt interest on the note secured hereby. and
<br />(I 110A amortisation of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the Mort-
<br />gagor prior to the due date of the next such payment. crostitute an event of default under this mortgage. The
<br />Mortgagee may collect a 'late charge" not to exceed tom cents 443K fur each dollar (51 ) of each payment more
<br />than fifteen (15) clays to arrears to cover the extra expense involved in handling delinquent payments.
<br />:3. That if the total of the payments made M the Mortgagor under rj(aof paragraph 2 preceding shall exceed
<br />the amount of payments actually made by the Mortgagee for ground rents. taxer and assessments or insurance pre-
<br />miums, as the case may be, such excess, if the loan is current, at the option of the Mortgagor, shall be credited by
<br />the Mortgagee on subsequent payments to be made by the Mortgagor, ter refunded to the Mortgagor. if, however, the
<br />monthly payments made by the Mortgagor underlOof paragraph -' preceding shall not be sufficient to pay ground
<br />rent, taxes and assessments or insurance premiums. a- the case may be. when the same shall become clue and pay-
<br />able, then the Mortgagor shall pay to the Morgagee any amount nece -sary to make up the deficiency, on or before
<br />the date when payment of such ground rent`. taxes, assessments or insurance premiums shall be due. If at any
<br />time the Mortgagor shall tender to the Mortgagee, in accordance with the pro%i. -ions of the note secured hereby,
<br />full payment of the entire indebtedness represented thereby, the Mortgagee shall. in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor 11111 Xjg00tI9aX6UU(Wk$1fNIIiMr1X*K 1f
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<br />lllfid any balance remaining in the fund: = accumulated under the provisions f of paragraph 2 hereof. If there
<br />shall be a default under any of the pro-Osions of this mortgage resulting in a public sale of the premises covered
<br />hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee shall apply, at the time of
<br />the commencement of such proceedings. or at the time the property is otherwise acquired, the balance them remain-
<br />ing in the funds accumulated und(-rjWAf paragraph 2 preceding. as a credit against the amount of principal then
<br />remaining unpaid under said note. 1""KdX*KNliflMlmL1t11bjr1tXXi1111Op9�I1RR11fClUtlt�it0�1tft1fi�7tbWtXlll�Iltl� 1MlI�t7(!<)<IXX1�1(X
<br />d. That the Mortgagor will pay ground rents, taxes. assessments, water rates. and other governmental or municipal
<br />charges. lines, or impositions. for which prtn »ion has not been made herembefore. and in default thereof the Mortgagee may
<br />pay the same: and that the Mortgagor will promptly delis er the official receipts therefor to the Mortgagee.
<br />S. The Mortgagor will pay all taxes which may he leered upon the Mortgagee*% interest in said real estate and improve-
<br />ments, and which may be lee ied upon this mortgage or the debt secured herchy' (but only to the extent that such is not prohibit-
<br />ed by law and only to the extent that such will not make this loan usurious). but excluding any income tax. State or federal.
<br />imposed on Mortgagee. and will file the official receipt show mg such payment with the Mortgagee Upon violation of this under-
<br />taking, x if the 'Mortgagor is prohibited by any law now tit hereafter existing from paying the whole tit any portion of the afore-
<br />said taxes, or upon the rendering of any court decree prohibiting the pay rnent by the 'Mortgagor or any such taxes. or if such law
<br />or decree pro4ides that any .amount so paid by the Mortgagor shall he credited nn the mortgage debt, the Mortgagee shall hate
<br />the right to give ninety days' written notice to the owner of the mortgaged premises. requiring the payment of the mortgage
<br />debt. If such notice he given. the said debt shall become due. payable and collecnhle at the expiration of said ninety days.
<br />6. That should he fail to pay any sum or keep any cotenant provided for in this Mortgage, then the ;Mortgagee, at its op-
<br />tion, may pay or perform the same. and all expenditures so made shall he added to the principal sum owing on the above note.
<br />shall he secured hereby. and shall hear interest at the rate set forth in the said note. until paid
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<br />7. hat he hereby assigns. transfers and sets over to the Mortgagee. to he applied inward the pay ment of the note and all
<br />sums secured hereby in case of a default in the performance of any of the terms and conditions of this Mortgage or the said
<br />note. all the rents. revenues and income to be derived from the mortgaged premises during such time as the mortgage indebted-
<br />ness shall remain unpaid: and the Mortgagee shall have power to appoint any agent or agents it may desire for the purpose of
<br />repairing said premises and of renting the same and collecting the rents, revenues and income. and it may pay out of said in-
<br />comes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom: the balance remaining. if any. to he applied to%%"rd the discharge of said mortgage
<br />indebtedness.
<br />g. That he will keep the improvements now existing o• hereafter erected on the mortgaged property, insured its may he
<br />required from time to time by the 'Mortgagee against loss by fire and other hazards, casualties and contingencies in such
<br />amounts and for such peroo& as may he required by the Mortgagee and will pay promptly . w hen due, am premiums on such
<br />insurance provision for payment of which has not been made herembefore. 411 insurance shalt he carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and hate attached thereto loss
<br />payable clauses in favor of and in form acceptable to the Mortgagee In event of loss Mortgagor ++ ill give immediate notice ht
<br />mail co the Mortgagee. who may make proof of loss if not made promptly by '.Mortgagor. and each insurance company con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the 'Mortgagor
<br />and the Mortgagee joia tly, and the insurance proceeds. or any part thereof. may he applied by the Mortgagee at its option either
<br />to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged In event of foredo
<br />sure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured herehv .
<br />all right. title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the purch.rser or grantee
<br />W That its additional and collateral security for the payment of the note descnbcd and all suns to hc-mic <tire under this
<br />mortgage. the Mortgagor hereby assigns to the Mortgagee all profits. revenues. roy,,tuc,. fights .mil hcnctits +.snnnu a, the
<br />xMorlgagor under any and all nil and gas !cases on said premises. with the right to reserve .,rid rescrpi his the semi "rid .apply
<br />them to said mdchiedness as w01 before as after default in the conditions of this mortgage and the %1,�i Ig.,gev' ❑t,'+ lecieod sic
<br />fa, and recover any such pas rnenh when due and pa> able, but sh+111 not he reyuue,l d" I hc, s gmncml r, to tc nun,•A
<br />and l+eco+nc null aril void twon release of this mortgage
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