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(a A sum equal to the ground rents, if any, next due, plus the premiums that will next become due anl payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (alt as estimated t3v 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 becotne delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pre - miums, taxes and special assessments; and (b)OOX All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured hereby shalt 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: (I) GlJ(k ground rents, taxes, assessments. fire and other hazard insurance premiums: (I I It (VW interest on the note secured hereby; and (I I I)Ji1jX 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 payment, constitute an event of default under this mortgage. The Mortgagee may collect a "late charge" not to exceed tiro cents (4it) for each dollar ($1 I of each payment more than fifteen (15) days to arrears to cover tite extra expense involved in handling delinquent payments. (a) 3. That if the total of the payments made by the Mortgagor under (X?Ubf paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee for around rents, taxes and assessments or insurance pre- miums, as the case may be, such excess, if the loan is current, at the option of the Mortgagor, shall be credited by the Mortgagee on subsequent payments to be mat P) the Mortgagor, or refunded to the Mortgagor. If, however, the monthly payments made by the Mortgagor under* of paragraph 2 preceding shall not be sufficient to pay ground rent, taxes and assessment.; or insurance premiums, as the case may be. when the same shall become due and pay- able, then the Mortgagor shall pay to the Mortgagee any amount necessary it) make up the deficiency, on or before the date when payment of such ground rents, taxes. assessments or insurance premiums shall be due. If at any time the Mortgagor shall tender to the Mortgagee, in accordance with the pro%isions of the note .secured hereby. full payment of the entire indebtedness represented therels the Nlortgagee shall. in computin the amount of such indebtedness, credit to the account of the Mortgagor �t �x J.-RX-ROX X ><)I :iii any balance remaining in the funds accumulated under the provisions O N if paragraph 2 hereof. If there shall be a default under any 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 proceedin "g�sd1or at the time the property is otherwise acquired, the balance then remain - ing in the funds accumulated under X7t)tot paragra�Fh Z recedin as a credit against the amount of principal then remaining unpaid under said note. ai�?)K��/�xx dtltiil(�JI7Ut 4. That the Mortgagor will pay ground rents, taxes. assessments, water rate,. and other governmental or municipal charges, fines, or impositions, for which provision has not been made hereinbefore. and in default thereof the Mortgagee may pay the same: and that the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee. 5. The Mortgagor will pay all taxes which may be Ic%ied upon the Mortgage_', interest in said real estate and improve - ments, and which may be levied upon this mortgage or the debt secured hereby (but only to the extent that such is not prohibit- ed by law and only to the emem that such will not make this loan usurious). but excluding any income tax. State or Federal. imposed on Mortgagee, and will file the official receipt showing such payment with the Mortgagee. Upon violation of this under- taking, or if the Mortgagor is prohibited by any law now or hereafter existing from paying thew hole or any portion of the afore - said taxes. or upon the rendering of any court decree pnrhihiting the payment by the 'Mortgagor or any such taxes. or if such law or decree pro%ides that any amount so paid l,y the Mortgagor shall he credited on the mortgage debt. the Mortgagee shall have the right to give ninety day,' written notice to the owner of the mortgaged premises. requiring the payment of the mortgage debt. If such notice be gi%en. the said debt ,hall beCOme due, payable and collectible at the expiration of said ninety days. 6. That should he fail to pay any ,um or keep anv covenant prow ided for in this Mortgage, then the Mortgagee. al its op- tion, may pay or perform the same, and all expenditures so made shall he added to the principal ,um owing on the above note. shall be secured hereby. and shall hear interest at the rate set forth in the ,aid note. until paid. 7. That he hereby assigns, transfer, and sets o%er to the Mortgagee, to he applied toe and the payment of the note and all sums secured hereby in case of a default in the performance of any of the terms 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 as the mortgage indebted- ness shall remain unpaid: and the Mortgagee shall ha%e power to appoint am agent or agent, it may desire for the purpose of repairing said premises and of renting the carne and coliecung the rent,, revenue, and income. and it may pay out of said In- comes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the halance remaining, if ;rny. to he applied tow and the discharge of said mortgage indebtedness. 8. That he will keep the improvements now existing o, hereafter erected on the mortgaged proper „%. insured as may be required from time to time by the Mortgagee against loss by fire and other hazard,. casualties and contingencies in such amounts and for such periods as may be required by the Mortgagee and w ill pay promptly. u hen due. any premium, on such insurance provision for paymem of which has not been made hereinbefore..All insurance %hail he carried in companies lip proved by the Mortgagee and the policies and renewals thereof shall he held by the Mortgagee and ha%c attached thereto to„ payable clauses in favor of and in form acceptable to the Mortgagee. In cent of loss Mortgagor w ill give immediate nonce hs mail to the Mortgagee, who may make proof of foss if not made promptly by Mortgagor, and each insurance company con - cerncd is hereby authorized and directed to make payment for such loss directly u• the Mortgagee instead of nr the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged In c%ent of foicclo sure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indchtedne %s set ured hetchi . all right, title and interest of the Mortgagor in and to anv insurance policie, then in force shall pa,% to the purchawi or grtnlec 9. That as additional and cotlaferal %ecumv for the payment of the note descnhed. and all sums to he,omc duc under thus mortgage, the Mortgagor hereby assigns to the Mortgagee all profit%, revenues. royallic, right, and benefit, , .,nunv ter the Mortgagor under any) and all od and gm leases on said premse %. uith the right to re, ell .uhf ;e, eipt iot the one .md .ipp], them to said indebtedness as well lwfure as after default in the conditions ref this nwitgag, .end the kiortg,,gec ni.,v dcm. nd our for and reco%cr any %uch payment, when due and payable but ,hall not he required t• ,tip Ihi, . ,azimi,m r. •r tc wino, and hcc omc null and %oid upon release of Iht, morigaim o ;rat”) ••i.