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<br />(a) A sm equal to the ground rents, if any, next dux, plus the premiums that will next become due and payable
<br />on pohaia of flee and other hazard insurance covering the mortgaged property, plus taxes and asusaments ant
<br />due nits -the stortgaged property. (surf as errmwed by she Morrsawl less all sums already paid therefor divided
<br />by the number of months to elapse before one month prior to the date whim such ground rents, premiums,
<br />tam and amemmems wn71 become delinquent, latch suits to be held by Mortgagee in trust to pay said ground
<br />rents, premkims, taxes mid special asasaitaatats; and
<br />(b) AN payments mentioned in the two precedirag subsection of this paragraph and all payments to be made under
<br />the nose secured hereby shall be added together. and the aggregate amount thereof shall be paid by the
<br />Mortgagor ewb month in a single payment to be applied by the Mortgagee to the following items in tine order
<br />MR forth:
<br />(1) ground rents, taxes, assessments, rite and other hazard insurance premiums;
<br />(11) interest on the rote secured hereby; and
<br />(W) 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
<br />Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage.
<br />The Mortgaax may collect a "late charge" not to exceed four _ents (44) for each dollar ($I) of each payment
<br />more than fifteen (15) days in arrears to cover the extra expense involved in handling delinquent payments.
<br />3. That if the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the
<br />amount of payments actually trade by the Mortgagee for ground rents, taxes and assessments or insurance premiums, as the
<br />case may be. such excess, if the loan is current, at the option of the Mortgagor, shall be credited by the Mortgagee on
<br />subsequent payments to be true by the Mortgagor, or refunded to the Mortgagor. If, however, the monthly payments made
<br />by the Mortgagor under (a) of paragraph 2 preceding shall not be sufficient to pay ground rent, taxes and assessments or
<br />Mvdfsum premiums, as the case may be, when the same shall become due and payable, then the Mortgagor shall pay to the
<br />Mor4nac any amount necessary to make up the deficiency, on or before the date when payment of such ground rents,
<br />taxes, asstxsmmu or insurance premiums shall be due. If at any time the Mortgagor shall tender to the Mortgagee, in
<br />accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the
<br />Mortgagor :ball, in computing the amount of such indebtedness, credit to the account of the Mortgagor
<br />any balance remaining in the funds accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default
<br />tinder any of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee
<br />acquires the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such
<br />proceedings, or at the time the property is otherwise acquired, the balance then remaining in the funds accumulated under (a)
<br />of paratgzaph 2 preceding, as a credit against the amount of principal then remaining unpaid under said note.
<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 herembefore, and in default thereof the Mortgagee may
<br />pay the sum; 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 Mortgage's interest in said real estate and
<br />improvements. and which may be levied upon this mortgage or the debt secured hereby (but only to the extent that such is
<br />not prohibited by law and only to the extent that such will not make this loan usurious). but excluding any income tax, State
<br />or Federal, imposed on Mortgagee, and will file the official receipt showing such payment with the Mortgagee. Upon
<br />violation of this undertaking. or if the Mortgagor is prohibited by any law now or hereafter existing from paying the whole
<br />or any portion of the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgagor
<br />Of any such taxes, or if such law or decree provides that aqy amount so paid by the Mortgagor shall be credited on the
<br />mortgage debt, the Mortgagee shall have the right to give ninety days' written notice to the owner of the mortgaged premises,
<br />requiring the payment of the mortgage debt. If such notice be given, the said debt shall become due, payable and collectible
<br />at the expiration of said ninety days.
<br />6. That should he fail to pay any sum or keep any covenant provided tot in this Mortgage, then the Mortgagee, at its
<br />option, may pay or perform the same, and all expenditures so made shall be added to the principal sum owing on the above
<br />dote, shall be secured hereby, and shall bear interest at the rate set forth to the said note, until paid.
<br />7. That he hereby assigns, transfers and sets over to the Mortgage, to be applied toward the payment of the note and
<br />all sums secured hereby in case of a default in the performance of any of the terms and conditions of this Mortgage or the
<br />said note, all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage
<br />indebtedness shall remain unpaid; and the Mortgagee shall have power to appoint any agent or agents it may desire for the
<br />Purpose of repairing said premises and of renting the same and collecting the rents. revenues and 'income, and it may pay out
<br />of said incomes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and
<br />managing the same and of collecting rentals therefrom. the balance remaining, if any, to be applied toward the discharge of
<br />said mortgage indebtedness.
<br />8. That be will keep the improvements now existing or hereafter erected on the mortgaged property, insured as may be
<br />required from time to time by the Mortgagee against loss by fire and other hazards, casualties and contingencies in such
<br />amonnts and for such periods as may be required by the Mortgagee and will pay promptly, when due, any premiums on such
<br />insatraDa provision for payment of which has not been made hereinbefore. AA insurance shall be carried in companies
<br />appe'a by the Mortgagee and the policies and renewals thereof shrill be held by the Mort
<br />gager and have attached thereto
<br />loss payable chuaes in favor of and in form a- ceptable to the Mortgagee. In event of loss Mortgagor will give immediate
<br />ROOM by MW to the Mortgagee. who may make proof of loam if not trade promptly by Mortgagor, and each insurance
<br />compbay concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to
<br />the Mortgagor and the Mortgagee jointly, and the insurance proceeds. or any put thereof, may be applied by the Mortgagee
<br />at its option cities to the reduction of the indebtedness hereby secured or to the restoration or repair of the property
<br />damped. Ice even of foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of
<br />the mibbaeimem second bereby, an riight, title and interest of the Mortgagor in and to anv insurance polities then in force
<br />diail pre to the lwrchaaer at grantee.
<br />4. 11bat as additional and collateral security for the payment of the note described, and all sums to becone due under
<br />this . the Mortgagor hereby assigns to the Mortgagee all profits, revenues, royalties, rights and benefits accruing to
<br />rLe,;01111 zIMA awder any anut all iii and gas kases on said presses, with the tight to mrdve and receipt for the same and
<br />apsity tbmrn o said indebtedness in wee before as after default in the conditions of this mortgage, and the Mortgage may
<br />dowead, ewe for and vocova antsy such payments when due and payable, but shalt not be required so to do. This atssigamc a
<br />is to tatritete std bwome wall sad void upon reta w of this mortgage.
<br />10. That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit not permit waste
<br />upon aid hwd, star suffer the said Premises to he used for any unlawful purpose i f i t .R c t.
<br />IL That if the prerniies, or any pat thereof, be condemned under the power i f cminent domain or ii t it for a
<br />putsk ilia, I* dal"aIm awarded, the proceeds for the taking of, tar the consideration for such acquivition, to the extent of
<br />t)ie ftr18 araei 4 of *4491niedoeas rpm this mortgage and the Rote which tt is given to secure remaining unpaid, are hetcbv
<br />assigasd M the Monte« to tux Mortgagee. sad ;)call bt paid lathwith to said Morlsaiiee to be applied wy ttit tatter on
<br />604 of clan next ma wring ataaâ–ºfmerui, of larch ipdtline>deaiii.
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