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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 lire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property (all as estimated hY 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 All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under
<br />the note secured hereby shall he 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 />Ill "m N7NlltlllNtlt7ptltWfldlk=*XXXNXI1XfN *XX
<br />(I) 40 ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(11) fW interest on, the note secured hereby; and
<br />(I I I )MARX amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment sliAl, unless made good by the Moit-
<br />gagor prior to the due date of the next such Payment, constitute an event of defauit under this mortgage. The
<br />Mortgagee may collect a "late charge" not to exceed fm:r cants 1481 for each dollar (5 t) of each payment more
<br />than fifteen / t?) il;ivs it arrears to cover the extra expense involved in handling delinquent payments.
<br />(a)
<br />:o,. That if the total of the payments made by the Mortgagor under 00%of paragraph 2 preceding shall exceed
<br />the amount of payments Actually made by the Mortgagee for around rents, taxes and assessments or insurance pre-
<br />miums, as the case may he, such excess, if the loaf[ is current, it the option of the Mortgagor, shall be credited by
<br />the Mortgagee on subsequent payments to be mya��¢ll�e by the Mortgagor, or refunded to the Mortgagor. If, however, the
<br />monthly payments maul% Ica the Mortgagor uncle- AVA —Vof paragraph Z preceding shall not be 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 }ortgagee any amount nece ssary to make up the deficiency, on or before
<br />the date when payment of such ground rents, taxes, assessments or insurance premiums sha11 be due. If at any
<br />time the Mortgagor .find tender to the Mortgagee, in accordance with the provisions of the note secured hereby,
<br />full payment of the entire indebtedness represented therebv, the Mortgagee shall, in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor 2x
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<br />7itN any balance remaining in the funds accumulated under the provisions of paragraph 2 hereof. If there
<br />shall be a default under any of the pro%ision:s 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 .hall apply, at the time of
<br />the commencement of such proceedin or at the time the property is otherwise acquired. the balance then remain -
<br />ing-in the funds accumulated un&t>Af6f paragraph 2 preceding. as a credit against the amount of principal then
<br />remaining unpaid carder said note, 71111[ M000Hbt9i11) �cNItJdINiN1UNIfI1b0fNNliidC XSd01cX
<br />Al
<br />4.. ; Lau the Mortgagor will pay ground rents. taxes. assessments, water rates. and other governmental or municipal
<br />charges- h`nes. y�
<br />rspositiom. for which provision has not been made hereintiefore, and in default thereof the Mortgagee may
<br />pay the same; a 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 be 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 />lion, may pay or perform the same, and all expenditures so made shall he added ti, 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 />That he hereby assigns. transfer% and sets over to the Mortgagee. to be applied to -Acrd 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 be derived from the mortgaged premises during such time as the mortgage indebted-
<br />ness shalt remain unpaid: and the Mortgagee shalt have power to appoint any agent or agents it may desire for the purpose of
<br />repairing said premises and of renting the same ard collecting the rents. revenues and income, and it may pay out of +aid in-
<br />comes all expenses of repairing said premises and necessary commissions and expense, incurred in renting and managing the
<br />same and of collecting rentals therefrom. the balance remaining, if any, to he applied tow ;ro the di +charge 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 he 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 hereiribefore. All insurance shall he carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof shall he 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 give immediate notice by
<br />mail to the Mortgagee. who may make proof of loss if not made promptly by Mortgagor. and each insurance company cor-
<br />"tried is hereby authorized and directed to make payment for such toss directly to the Mortgagee instead of to the Mortgagor
<br />and ilm Mortgagee jointly, and the insurance proceeds, or any pail thereof, may be applied by the Mortgagee at its option either
<br />it) the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of forccio-
<br />*ure of this mortgage tot other transfer of title to the mortgaged property in extinguishment of the indebtednc +s secured hereby. .
<br />all right. title and interest of the Mortgagor in and to any insurance poiic ics titer in force hall [ass to the purchaser or grantee.
<br />9, Thai as additional and collateral security for the payment of the note described. and all sum+ to become due under this
<br />mortgage. the Mtvtpgtw hereby assign% to the Mortgagee all profits, revenues. royaltie,, rights and henetit% accruing to the
<br />Morigatfor under any And all oil and gas lease% on said premises, with the right t +, receive and receipt for the same and apply
<br />thrttn to f iaukttledrtexs sus cell hetorr as after default in the conditions of this mortgage, and the Mortgagee may dvrmnd. true
<br />tort and recover any such payment% when duc and payable. but ,hall nor be required ,k, i„ do. 'Phis a+ ignment is t„ ler?uu:atv
<br />and became null and void uri« n release of this motta»tte-
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