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>u�lfpt>ill>a�fcntc Walix X (a)W A sum equal to the'grourid rents, if any; next due, plus the preit»ums'that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next dire on the mortgaged property (all as estimated by the Mortgagee) less all sums already paid therefor divided by Ow number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pre - miumsa taxes and special assessments-, and (b)" All 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 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: � ltlat�tfbatfcxfriclnallllfzxx ground rents, taxes, assessments, fire and other hazard insurance premiums; It) (11 interest on the note secured hereby: and ) y'' (I t 1)( amortization of the principal of said note. y 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 lom cents (41t) for each dollar (5 t ) of each payment more than fifteen (I5) days in arrears to cover the extra expense involved in handling delinquent payments. Y. That if the total of the payments etude. by the Mortgagor under 461 f paragraph 2 preceding shall exceed the amount of pa-vmehts actually made by the Mortgagee for erorund 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 made by the Mortgagor, or refunded to the Mortgagor. If, however, the monthly payments made by the Mortgagor under)Lft)of paragraph 2 preceding shall not be sufficient to pay ground rent, faxes and assessments or insurance premiums, us 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 mako 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 provisions of the note secured hereby, full payment of the entire indebtedness represented thereby. the Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the Morttraeor atitta>.srmtettataitm�tltYe any balance remaining to the !units accu mliatea unuer the provisions arW of paragrapn z nereoi. it there a s ll be a default under any of the provisions of this mortgage resulting in a public sale of the premises coveted hereby, or if the Mortgagee acquires the property otherwise after default. the Mortgagee .shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then remain- ing in the funds accumulated under j aif paragraph `' preceding, as a credit against the amount of principal then r aini id under said note, �lypp � (gj(g gx j � �>11( Jtfc9t�tXX AAJIJ4AAJWkAMAAA 4. That the Mortgagor will pay ground rents, taxes. assessments, water rates. and other governmental or municipal charges. fines, or impositions, for which provision has not teen made hereint*eforc, 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 Mortgagees interest in said real estate wind improve- ments, and which may he levied upon this mortgage or the debt secured hereb% (but only to the extent that such is not prohibit- ed by law and only to the extent that such wifl 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 upop 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 shaft he credited on the mortgage debt, the Mortgagee shall have the right to give ninety days' written notice to the owner of the mortgaged premises, requiring the payment of the mortgage debt. If such notice he 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 in this Mortgage, then the Mortgagee, at its op- tion. may pay or perform the same. and all expenditures so made shall be added to the principal sum owing on the above note, shall be secured hereby, and shall bear interest at the rate set forth in the said note, until paid. 7. 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 case of a default in the performance of any of the terms and conditions of this Mortgage or the said tote, all the rents. revenues and income to he 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 be applied toward the discharge of said mortgage indebtedness. ft. That he will keep the improvements now existing or hereafter erected on the mortgaged property. 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 will pay promptly, when dte. any premiums on such insurance provision for payment of which has riot been made hereinbefore. 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 thereto loss payable clauses in favor of and inform acceptable to the Mortgagee. In event of toss 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 - cerntd is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the Motgagee joiatly, 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 event of forecto- sure of this mortgage or other transfer of title to the mortgaged properly in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the purchaser or arantec. 93 Thai as additional and collateral security for the payment of the note described, and all sums to become due under this mort», the. Mortgagor hereby assigns to the Mortgagee all profits, revenues. royalties, rights and benefits accruing u+ the Mortgagor under any and all oil and gas leases on said premises. with the right to receive and receipt for the same and apph them to said indebtedness as well before as after default in the conditions of this mortgage. and the Mlortgagec may demand, .(Ie for and recover any such payments when due and payarhle, but shall not be required sn to do This assignment is to lermmatc amt become null vnd void ur%vo retvAw „f this mortltrge. i 10D 911 1413M 09 PIII