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86-IC 01) I" (a)Jft A sum equal is the ground rents, if any, next due, plus the premiums that will next become due anti payable an policies of fire and other hazard insurance covering the mortgaged property, plus taxes and ,assessments next disc on the mortgaged property (all as estimated tiv 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 becorne delinquent, such sums to be held by Mortgagee in trust to pay said ground rent:. pre - miums. taxes and special assessments; and (b)j* Ali payments mentioned in the two preceding subsections of this paragraph and all payments to he made under the note secured hereby shall be added together, and the aggregate amount thercol'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: 111 iticxtarrtf c>wtolrbtkDtN>uubbtxa�npatlutx. x1U9UWWfF>a1CxX (I) dU ground rents. taxes. assessments. fire and other hazard insurance premiums: (11) OW interest on the note secured hereby: and (I I I )JW amortization of the principal of said note. Any deficiency in the amount of any such aggregate numbly payment shall, unless made good by the Mort- gagor prior to the due date of fire next such payment. Constitute an event eat default under this mortgage_ The Mortgagee array collect a "late charge" not to exceed fist :r orris 1411) for each dollar 1511 of each payment more than fifteen (15) &vs in arrears to cover the extra expense involved in handling delinquent payments. (a) 3. That if the total of the payments made by the Mortgagor under AKof paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee for eround rents, taxes and a- sessments 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 payment::ss to be made }by the Mortgagor. or refunded to the. Mortgagor. If, however, the monthly payments made by the Mortgagor underx0 /of 1mragraph ? preceding shall not he 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 to mak: up the deficiency. on or before the date when payment of such ground rent taxes, ass essments or insurance premiums shall be due. If at am' time the Mortgagor shall tender to the Mortgagee. in accordance with the provisions of the note secured hereby. full payment of the entire indebtedness represented thereby, the Mortgagee shall, in computing the amount of such indebtednessi, credit to the account of the Mortgagor xiaoeoriapnttlux Md any balance remaining in the funds accumulated under the provisions Ifef of 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 praceedin = or at the time the property is otherwise acquired, the balance then remain- ing in the funds accumulated unde.;44f paragraph _' preceding, as a credit against, the amount of principal then remaining unpaid under said note. ptx7A XX 4. That the 'Mortgagor will pay ground rents. takes. assessments. water rates. and other covernmentai 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 he levied upon the Mortgagee's interest in said real estate and improve- ments, and which may be levied upon this mortgage or the debt secured hereby thus only to the extent that such is not prohibit - ed by law and only to the extent 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 the whole or any portion of the afore- said taxes. or upon the rendering of any court decree prohibiting the payment by the Mortgagor or any such taxes. or if such law or decree provides that any amount so paid by the Mortgagor shall he credited on the mortgage debt. the Mortgagee shall have the right to give ninety da}s- written notice to the owner of the mortgaged premises. requiring the payment of the mortgage debt. if such notice be given. the said debt shall become due. payable and collectible at the expiration of said ninety days. 6. That should he fail to pay any sum or keep any covenant provided for to this Mortgage. then the Mortgagee. at its trp- tion, may p-ay or perform the same. and all expenditures so made shall he added to the principal sum owing on the above note. shall be secured hereby. and shall hear interest at the cite set forth in the said note. until paid. 1, That he hereby assigns. transfers and sets over to the Mortgagee. to he applied toward the payment of the note and all sums secured hereby in :ase of a default in the performance of any of the terms and conditions of this Mortgage or the said mote. 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 have power to appoint any agent or agents it may desire for the purpose of repairing said premises and of renting the same and collecting the rents. revenues 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 balance remaining. if any. to he applied toward the discharge of said mortgage indebtedness - R. That he will keep the improvements now existing o� hereafter erected on the mortgaged property, insured is may he required from time to time by the Mortgagee against loss by fire and other hazards. casualties and contingencies in such amounts and for such periods as may tx required by the Mortgagee and will pay promptly, when due. any premiums on such insurance provision for payment of which has not been made herembefore. All insurance shall he carried in companies ap- proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee .and have attached thereoo loss c' payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mortgagee. who may make proof of loss if not made promptly by Mortgagor, and each insurance company con- certed is hereby authorized and directed to make payment for such loss directly to the '.Mortgagee instead of to the Mortgagor and the Mortgagee joiatly.. and the insurance proceeds, or any part thereof, may heat plied by the Mortgagee at its option either to the redaction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclo- sure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the incichtedne- secured herehti . A right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass io the purchaser or Vrantee 9. That as additional and collateral security for the payment of the note described and all sums to become disc rncier this nartgW, the Mortgagor hereby assigns to the Mortgagee all profits, revenues. royalties. rights and trcnefits aeon n y tea the Mortpmot under any and all oil and gas leases on said premises. with the right to receive and receipt for !W salmi'' n = � theta to said indchtcdne.ss as well before as after default in the conditions of this mortgage, and the lMnrzt a cc Mitt &m.1 11d suv for and rrcover any ouch payments when due and payable, but shall not tae required so to do ' *his assae,nmeart a, to term;r .,te and hecomv null and -- id ur am release of this mortgage.