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<br />S- 100942
<br />(a) A, van equal to The ground rests, if arty, teat due, plus the premiums that wilt next become due and payable
<br />an pagan of lire and ada r bazard Insurance coven" the mortgaged prop�Y, pm taxes and assessments next
<br />doe an er wortpwd ply 4WN, err shinvatesf by the MorAIMR) less all vJW, already paid therefor divided'
<br />i by the Ttuober of months to daps before one 'mouth prior to the date'wbah such ground ' Haas, premiums,
<br />`s.
<br />taxes sod ammo ms will becustarL dam, am& same to be "held by Mortga vein trust to pay said ground
<br />Teaas,.pmoittnu, taxes asdataaeaM awe+wmssms; and
<br />(b) An payrse ess mentioned in the two preceding subsections of this paragraph and aU payments to be made under
<br />the sole saeuted hereby shell,be added tggetha, andttiie agpagpte;amotim thereof shall be paid by the
<br />Mortgagor each month in a single payment to be apptidl"by the M&,tp a to the following items in the order
<br />yet jarsk:`.
<br />(i) ground rents, tames. assessments, fire and other °hazard ;insurance premiums
<br />(li)` interest on the note secured hereby; and
<br />(Ile amortization of the principal of said note.
<br />Any defciency in the amount of any such aggregate monthly payment shall, unless made good by the
<br />Mortgagof prior to the due date of the ,text such payment, constitute an event of default under this mortgage.
<br />The Mortgagee may collect a; "late charge" not to exceed four ants (4e) for each dollar (M) of each payment
<br />mar 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 made by the Mortgagee for ground rents. taxes and assessment or insurana.premiums, as the
<br />care may be, such amum, if the loan is current, at the option of the Mortgagor, shall be credited by the Mortgagee on
<br />subsequent payment to be made by the Mortgagor, or refunded to the Mortgagor, if, however, the monthly payment made
<br />by the Mortgagor under (a) of paragraph 2 preceding shall not be sufficient to pay ground rent, taxes and assessment or
<br />immaOOe premiums, as the case may be, when the same shall became due and payable, then the Mortgagor shall pay to the
<br />Mortgagee any amount necessary to make up the deficiency, on or before the date when payment of such ground rent,
<br />taxes, assess or insurance premiums shall be due. if at any time the Mortgagor shall tender to the Mortgagee, in
<br />acrordasce:witis the provisions of the tote secured hereby, full payment of the entire indebtedness represented thereby, the
<br />Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the Mortgagor
<br />any balance rcmai in the finds accumulated under the provisions of (a) of paragraph 2 hereof. if there shall be a default
<br />under 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 paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under said note.
<br />4. That the Mortgagor will pay ground rent, taxes, assessments, water rates, and other governmental or municipal
<br />charges, fines, or impositions, for which provision has not been made hereinbefore, and in default thereof the Mortgagee may
<br />pay the same; 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 Mortgagee'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 "tent that such is
<br />not prolu'bited by law and only to the extent that such will not make this loan usurious), but excluding any income tax, State
<br />or Federal, impose! 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 />or my such taus, or if such law or decree provides that any 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 be fail to pay any sum or keep any covenant provided for 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 />note, shy be secured hereby, and shall bear interest at the rate set forth in the said note, until paid.
<br />7. That he hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of the note and
<br />all sums secured hereby in ease of a default in the performance of any of the terms and conditions of this Mortgage or the
<br />said tote, all the rent, 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 />assuaging 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 improvement now existing or hereafter erected on the mortgaged property, insured as may be
<br />tequered from time to time by the Mortgagee against loss by fire and other hazards, casualties and contingencies in such
<br />tusottms, and for such periods as may be required by the Mortgagee and will pay promptly, when duo, any premiums on such
<br />?, assurance provision for payment of which has not been made heranbefore. All insurance shall be carried in companies
<br />t apprTVUd by the Mort aagex and the policies and renewals thereof shall be held by the Mortgagee and have attached thereto
<br />loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate
<br />nonuse by RUM to L the;Marspgee, who may make, proof of kiss if not made promptly by Mortgagor, and each insurance
<br />anapasty.cince ed is hereby authorized: and directed to stake psyttent for such loss directly to the Mortgagee instead of to
<br />the MortMor. and the Moctpgee jointly. and the insurance. proceeds, or any part thereof, may be applied; by the Mortgagee
<br />ti` at its bptiea': etitba, m the reduction oi,the- indebtedness bereby secured or to the restoration or repair of the property
<br />damaged. In even of foreclosure of this mortgage or other transfer of title to the mortgaged preperty in extinguishment of
<br />tine; inda6Udnen
<br />secured hereby, all rift, title and interest of the Mort
<br />gager in and to any insurance policies then in fora
<br />shaYrpaae:ao<tUe psoriases or grantee.
<br />T7Mtxa,addiiioos( and collateral ,;security for, the payment of the note described, and all sums to become due under
<br />this ateort>rlcge, tlra'lYlortpgor hereby assigns to the Mortgagee all profits, revenues, royalties, rights and benefits accruing to
<br />dae °;MatgAgor tinder any, and all gal and gas kris on said premises with the right to receive and receipt for OW same and
<br />apgy tiles o said inde6tedsion as well before as after default in the conditions of this mortgage, and the Mortgagee may
<br />demand, saw +for`and recover any such payments when due atnd payable.,but sball not be required so to do. This assignment
<br />'! is to test bm" sod,btiooNe hung and void upon release of this ;mortgage.
<br />10. That the Mortp4W will keep the buildings upon sad premises in good repair, and neither commit nor permit waste
<br />upon aid lead, nor suffer the said premises to use used for any unlawful purpose.
<br />I1. That if the premises, or any part thereof, be condemned under the power of errtincat domain, or acquired for a
<br />public aw. the dae men awarded. the proceeds for the taking of, or the consideration for such acquisition, to the extent of
<br />On NO amount of indebtedness upon this mortgage and the note which it is given to secure remaining unpaid, ate hereby
<br />anion" by the Mortpagor;to the Mortgagee, avid be;;paid forthwith to said Monsagee to be applied by the latter ore
<br />account of the neat maturing matatimenu of sech indebtedness,
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