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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 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 />(bf& 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) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(I 1) Q(it interest on the note secured hereby; and
<br />(I I l)bl( amortization 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, constitute an event of default under this mortgage. The
<br />Mortgagee may collect a "late charge" not to exceed four cents (4r!) for each dollar IS I of each payment more
<br />than fifteen (15) days in arrears to cover the extra expense involved in handling delinquent payments.
<br />i. That if the total of the payments made by the Mortgagor under (Aftof paragraph '_ preceding shall exceed
<br />the amount of payments actually made by the Mortgagee for t>_ratnd rents, taxes 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. or refunded to the Mortgagor. if, however, the
<br />monthly payments trade by the Mortgagor underx*of paragraph ? preceding shall not he sufficient to pay ground
<br />rent, taxes and assessments or insurance premiums. as the case may be, when the same shall become due and pay-
<br />able, then the Mortgagor shall pay to the Mortgagee any amount necessary to male up the deficiency, on or before
<br />the date when payment of such ground rents, taxes, assessments or insurance premiums shall be due, if at any
<br />time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions 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 >b>4K1�1�UHl&lii lZl(
<br />AM any balance remaining in the funds accumulated under the provisions Aim( of paragraph 2 hereof. If there
<br />shall be a default under any of the provisions 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 then remain-
<br />ing in the funds accumulated underAf paragraph 2 preceding. as a credit against the amount of principal then
<br />remaining unpaid under said note, 7HUtItllXjlM1pt10MXxxti�01XK71c) IlItj701gfltlgt70bp10() UQl1p) tIW( X9U( A9lt1pU11 (itf�1F7(9tflfiRlt>C7fXR
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<br />4. That the Mortgagor will pay ground rents. taxes, assessments, water rates. and other governmental or municipal
<br />charges. fines, or impositions, for which provision has not been made hereinbefore. and in default thereof the Mortgagee may
<br />pay the same: and that the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee.
<br />5. The Mortgagor will pay all taxes which may be levied upon the Mortgagee's interest in said real estate and improve-
<br />ments, and which may be levied upon this mortgage or the debt secured hereby (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 showing such payment with the Mortgagee. Upon violation of this under-
<br />taking, or if the Mortgagor is prohibited by any law now or hereafter existing from paying the whole or any portion of the afore-
<br />said taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgagor or any such taxes. or if such law
<br />or decree provides that any amount so paid by the Mortgagor shall he credited on the mortgage debt. the Mortgagee shall have
<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 be given, the said debt shall become due. payable and collectible at the expiration of said ninety days.
<br />6. That should he fail to pay any sum or keep any covenant provided for in this 'Mortgage. then the Mortgagee. at its op-
<br />tion. may pay or perform the same. and all expenditure: so made shall he added to the principal sum owing on the ,above note.
<br />shall be secured hereby. and shall bear interest at the rate set forth in the said note. until paid.
<br />7. That he hereby assigns. transfers and sets over to the Mortgagee. to he applied toward the payment 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 he 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 toward the discharge of said mortgage
<br />indebtedness.
<br />g. That he will keep the improvements now existing or hereafter erected on the mortgaged property, insured as 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 periods as may be required by the Mortgagee and will pay promptly. when due. any premiums on such
<br />insurance provision for payment of which has not been made herembefore. All insurance shall he carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached thereto loss
<br />payable clauses in favor of and in form acceptable to the Mortgagee In event of loss Mortgagor will gi%e immediate notice by
<br />mail to the Mortgagee. who may make proof of loss if not made promptly by Mortgagor, and each insurance compam con-
<br />cerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee m%tcad of to the Mortgagor
<br />and the Mortgagee jointly. 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 e% ent of foredo
<br />sure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the mdehtednea se: ured hereto.
<br />all right. title and interest of the Mortgagor in and to anv insurance policies then in force shall pass to the purchaser or grrmce
<br />9. That as additional and collateral security for the payment of the note descnhed. and all sums rt, he:olne due under thus
<br />mortgage. the Mortgagor hereby assigns to the Mortgagee all profits, re%enucs. rnn:dtues, rights and benefits aiming to the
<br />Mortgagor under any and all oil and gas leases on said premises. wilb the right to rc.crye .utd receipt for the same .old apph
<br />them to said indebtedness as well before as after default in the omdittons of the, mortgage and the Mortgagee ma+ dem :lnd, %UV
<br />for and recover any such puyruents when due. and payable. but %hail net 11< required ,, n, h. Ilus .r-uynmen! n to ternnnete
<br />and he<ome null and void utxn release of this mortgage
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