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<br />(a)111i1t A sum equal to the ground rents; if any, next due, plus the premiums that will next become Cue anti payante on
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property tall as estfnwted by 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 speciai assessments; and
<br />(b)j* 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 />(1) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(11) interest on the note secured hereby; and
<br />0100 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 Mort-
<br />gagor prior to the due date of the next such payment, constitute an event of default under this mortgage. Tile
<br />Mortgagee may collect a "late charge" not to exceed Ga:r cents (4q) for each dollar (S 1) of each payment more
<br />than fifteen (15) [lays in arrears to cover the extra expense involved in handling delinquent payments.
<br />(a)
<br />. That if the total of the payment.- made by the Mortgagor under 00%of paragraph 2 preceding shall exceed
<br />the amount of payments actually made by the Mortgagee for ground rents, taxes and assessments or insurance pre-
<br />miums, as the case may be, such excess, if the toast is current. at the option of the Mortgagor, shall be credited by
<br />the Mortgagee on subsequent payments to be made by the Mortgagor, or refunded to the Mortgagor. If. however, the
<br />monthly payments made by the Mortgagor unde*Jiof paragraph 2 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 Mortgages- any amount necessary to make up the deficiency, on or before
<br />the date when payment of such ground rents, taxes, assessments or insurance premiums :shall be due. If at any
<br />time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby,
<br />full payment of the entire indebtedness represented thereby, the Mortgagee shall, in computing the amount of such
<br />sm
<br />indebtedness, credit to the account of the Mortgagor YA
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<br />AM 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 provisions of this mortgage resulting in a public sale of the premises covered
<br />hereby, or if the Mortgagee acquires the properly otherwise after default. the Mortgagee shall apply, at the time of
<br />the commencement of such proceed- n or at the time the property is otherwi =e acquired, the balance then remain
<br />Iing in the funds accumulated under f paragraph preceding. a= a credit against the amount of principal then
<br />remaining unpaid under said note. RAM wk. NqKUMMVKUWMXMN*MW*KX**O==Aft*NlkX)OWXX
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<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 same; and that the Mortgagor wilt promptly deliver the official receipts therefor to the ;Mortgagee.
<br />5. The Mortgagor will pay all taxes which rnav be levied upon the Mortgagee's interest in said real estate and improve-
<br />ments. and which may he 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 paving the whole or any portion of the afore-
<br />said taxes, or upon the rendering of any court decree prohibiting the pay ment 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 />tion, may pay or perform the same. and all expenditures so made shall be added to the principal sum owing on the alcove note,
<br />shall be secured hereby. and shall hear interest at the rate set forth in the said note, until paid.
<br />?. That he hereby assigns. transfers and sets over to the Mortgagee. to be applied toward the payment of the note and all
<br />id
<br />sums secured hereby to case of a default in the performance of any of the terms and conditions of this Mortgage or the s,
<br />note, all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebted-
<br />ness shall remain unpaid; and the Mortgagee shall have power to appoint any agent or agents it may desire for the purpose of
<br />repairing said premises and of renting the same and collecting the rents, revenues and income, and tit may pay out of said in-
<br />comes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage
<br />indebtedness.
<br />8. 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 herembefore. All insurance shall be carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached thereto loss
<br />payable clauses in favor of and inform 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 con -
<br />cerned.is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor
<br />and the Mortgagee ioiatfy, and the insurance proceeds, or any part thereof, may he applied by the Mortgagee at its option either
<br />to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. ha a col of foreclo•
<br />sure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby.
<br />all right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the purchaser or grantee.
<br />4• That as additional and collateral security for the payment of the note described, and all sums uo become due under this
<br />mortgage, the Mottgagof hereby assigns to the Mortgagee all profits, revenues. ronalties, rights and benefits accruing to the
<br />Mortgagor under any and all oil and gas leases on said premises, with the right to receive and reccipt1 for the same and apply
<br />them to said indebtedness as well before as after default in the conditions of this mortgage. and the Mortgagee may demand. stir
<br />fox and recover any such payments when due and payable. but shall not he required so to tie. This asagnmem is to ternimaic
<br />and beecomte null and void utwn release of this moortrtaire.
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