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g6406097
<br />(a)tm 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 assessnte-its next due
<br />on the mortgaged property (all as estimated hr• fire Mortgagee[ less all sums already paid therefor divided by the
<br />number of months to elapse before one month prior to the date %hen such ground rents, premiums, taxes and
<br />assessments will become delinquent, such sums to be held by !Mortgagee in trust tc pay said ground rents, pre-
<br />miums, taxes and special assessments; and
<br />MW All payments mentioned in the two preceding subsections of this paragraph and all payments to he made under
<br />the note secured hereby shall be added together, and the aggregate amount thereof shall to paid by the Mortgagor
<br />each month in a single payment to be applied by the Mortgagee to [he following items in the order set forth
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<br />( I) *1 ground rents, taxes. assessments. fire and (other hazard insurance premiums
<br />(11) " interest on the note secured hereby; and
<br />(! I I )iW amortization of the principal of said note.
<br />Any deficiency to the amount of any such aggregate nxnrthly payment shall. unless made good by the Mon -
<br />gagor prior to the due date of the next such pavillent.:tmstitule an cent of default under tills mortgage. The
<br />Mortgagee may collect a "late .barge" nor ro exceed tiler vents (4V) Ito sail dollar (S11 „f each paynter.t more
<br />than fifteen (I i It :iay s I' arrears TO cover the extra expense involved tit handling delinquent payments.
<br />(a)
<br />That if the total of the payments made hi, the 11ortgirgor under t'7 Uof paragraph 2 preceding ,hall exceed
<br />the amount of payments actually made by the Mortgagee for emund rent -, taxe- and a -sess menu• or insurance pre -
<br />miums, as the case mar be. such excess. if the loan is current, at the option of the Mortgagor. shall lie credited he
<br />the Mortgagee on subsequent paymprit� to be Math' b% the Mortgagor, ur refunded to the Mortgagor if, how exer. the
<br />month[y payment= made be the Mortgagor underW ?of paragraph ' preceding shall not be sufficient to par ground
<br />rent. taxes and assessments or insurance premiums, its the case mac tie. %%hen the -ame -hail become due and pa)-
<br />able then the Mortgagor shall pay to the 1lortgagee any amount necessary to milk(- up the dc•ficiene•%. on or before
<br />the date when payment of such ground rents, taxe asses =menu or in- urance premium- -hill[ be due. If at ant
<br />time the Mortgagor =hall tender to the lfortgagee, in accordance with the pro%isions of the note secured hereby,
<br />full payment of the entire indebtedness represented therebt. the Mortgagee shall. in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor Xtl( ){X
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<br />AM am balance remaining in the funds accumulated under the Pro,tsions of paragraph ' hereof. If there
<br />shall be a default under am of the provisions of this mortLwe resulfing in a public sale of the premises vo%ered
<br />hereby, or if the Stortgagee acquires tit(- property other%%ise after default. the Mortgagee -hall apply, at the lime of
<br />the commencement of such proceedin"gg- or at the time the property is oiher%%i -e acquired, the balance then remain-
<br />ing in the funds accumulated under;t Nf paragraph ” prvvvding. a- it credit again -i the• amount of principal then
<br />remaining unpaid under -aid note, 1iitTX111Fi�1X�iH�lWtilxXi (i1�tiXltXtii�lc y1 (71r�Hf11x%VppE1{X7GEiii127I3FX tXh1(ti�MCX {gX�y (�1(�I XX
<br />NINWOOM
<br />a. That The Mortgagor %kill pay ground rent,. taxes, assessment,. %%atcr rate•. and tither eo,,ernmental tit municipal
<br />charges, fine,. or imposition,. for which pnni,ion has not been made here i "before . and in default thereof the Mortgagee nllit
<br />pay the same: and that the Mortgagor w ill prompt[} deliver the otfiiaral receipts therefor to the \lorigagee
<br />S. The Mortgagor 'III pa% :d! t.,xC, which ma% be IeN led upon the Mongasce , imerest m said real estate and Imprn%C-
<br />ments, and which mac he le%ieci upon rhi, mortgage or the dchi secured hereh% thy„ „nl% ten the extent that such is not prohibit-
<br />ed by law and only to the extent ;hat such v. ill not make 1111, Oran u,unous!. hilt cxduding sun income tax, State or Federal.
<br />imposed on Mortgagee. and w ill file the oifiyiad re,vlpt ,how tog such payment w rth The Mortgagee Vpon %io!ahon of this under-
<br />taking. or if the Mort_ Igor is prohibited by amt law row of hereafter e%nting from p ,o rng the w hole or any portion of the afore-
<br />said taxes - or upon the rendering of :art% court decic•e prohihving the rat rnent h% 'he Sl, >r[gagc,r „ran% such [axes. or if such la%%
<br />or decree pro %ide, that an% amount raid h% the Storigatgty ,hal! he ,redited .m the mortgage debt. the Mortgagee shall ha%e
<br />the right to 6%e ninety dal,' wntten nou:c• t„ the , t +r.cr of the mor!k:' it rrenu,c, Icyuirin • the payment of the morgage
<br />debt. If such notice he gixen, the ,aid debt ,hall he :orne due. p :n aMc :rod coiie.i111c .oI the cxpIratton of said nIneh dac
<br />A. That should he fail to pan any ,um or keep sir% I o%rr_:,I pr,s%otea h,r x71 thi, %IorIpage. !her. the Mortgagee. at it, op-
<br />tion. may pa% or perform the ,amr..md A! expendmurc, r :lade ,hnl; hr .wiled to Iflc• r rinaipid sum owing ern the ,.bo%e note.
<br />,hall he secured hereby . and ,hall hear Interest at the -,Ile ,C! forth m the ,aid nolr. until rod-
<br />- That he herehf assign,, transfer, .end sets o %er to the Stongagee. to he ., pphed tow,:rd the pay ntcnt of the note ,,nd tall
<br />Rims secured hereby in case of a default in the performanrc if ;in; of the term, and :ondirtnns of this %lortgage tit the ,:lid
<br />note. all the rents. revenues and Income To he dcri%ed front the mortgaged premises during uch time as the mortgage indehied-
<br />ness shall remain unpaid: and the Mortgagee ,ha!! hake power to appoint an% scent or agents it m;% desire for the purpose of
<br />repairing said premises and of renting the same and collecting, the rent,. ref enucs and income. and it ma% piny out of ,aid in-
<br />corres all expenses of repairing said rrcmr,c; „ rid ncse,, ry %ill - nmis,ion, anal expense, incurred in renting and managing the
<br />same and of collecting rentals therefrom: the balance rem :artng, if any. to he applied itmiad the discharge of said mortgage
<br />indebtedness.
<br />N That he %till keep the Impro•.cntent, ter%% cm,iing o• hereafter erected on the mortgaged proper!%. insured nr,o
<br />repaired from time to time b} the Mortgagee .gain%t los, h} tire and other h.tzard,. ca,uaitie, and contingencies is ,uch
<br />amounts end for such period, as mat he required h% the Mortgagee and will nil% prnmeth. when due. :in. prem , furn nn h
<br />insurance provision for payment of which hit, not been made heremhefore. %II :n,urance ,hill! he carried in companie,r, ap
<br />pro%ed hp the Mortgagee and the policies and renewah thereof ,hall he held by the Mortgagee and hake attached thereto In„
<br />payable clause, to fa%or of and in form acceptable to the Mortgagee. In event of lo,s Mortgagor till gi%e immediate notice h•,
<br />mail to The lfortgagee. who may make proof of loss if not made prorrINN b} Mortgagor. and each insuran:e comp :die :on-
<br />:crned is hereby authorized and directed to make payment for such cos, directl% to the Mortgagee rt,tead of to the Mortgagor
<br />i,ncl the Mortgagee wiat1%. and the msurance pro:eed,- orarny part thereof, may he :tpp!ied h% the Mortgagee at u, option mile,
<br />to the -educuon, r,f the ,ndehtcdnc„ I ;c•rch% secured or to the ic,totanon or repair of the properta Bandaged In e%eni of for -c:lv
<br />sure of this morigaue or other transfer of title to the mortgaged propert% in extingui,hnteut of the Indehtednc„ scour %J hereb%
<br />sll right. trite :arid interest' of the llorrgagor in and to any tn,urance pohcre, then in force Omit p:t,s t„ Tile purcha,ci or rient:r
<br />9 Th :,t is iddin.,ni i slot coilate al ,ectmi% foT the p<nmem of the note de%:rihc'd..Ind r!I! .stn, t,• hey „me du. HIldet this
<br />n, •'g.tge- 11xr Sit rt % ,or ha et'•% mstans to the `dl iirl t.,u Al pro tits. rr%enue, -,•% ilia tight, .uw hens! le aci:ru.•tc. r the
<br />t_Tt><agor uitdr tin and ail ,nl ent9 tl I +s< I nil ! e nl,c•. utth the kilt c%%n, end •r,ctpI Pit J., ,,ni
<br />,fml i t. »aid tn0et.I:i1ncs, :%, %self het r., a, .ifta ,,a i ..,�'? u, the %oltdrnar., rf IE.r ,:,,pi _ t,I tt•r
<br />fo: and re.o %t•r .art% m.,I, , .t%oicnt, ,h- fl ,,... <,r,d
<br />;rtlb±psy t•.. ills. tv,t ! 1 hr Icytinr,I . n' 11 t
<br />,ml bane f)Wf and ,nd uv,ml fir
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