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<br />(a)(&X 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 fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property (all as estimated by the Mortgagee) less all sums already paid therefor divided l v 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 taut to pay said ground rents, pre -
<br />miurns, taxes and special asvrsstnents: and
<br />(b)M All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under
<br />the note secured hereby shall be 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 />(t) Olt ground rents, taxes, assessments, fire and other hazard insurance premiums:
<br />(11) 0,0" interest on the note secured hereby: and
<br />(I i I )kW 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. The
<br />Mortgagee may collect a "late charge." not to exceed fora cents (4g) for each dollar (S I ) of each payment more
<br />than fifteen 05) Ja;s it arrears to cover the extra expense involved in handling delinquent payments.
<br />(a)
<br />3. That if the total of the payments made by the Mortgagor under P=of paragraph 'l 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 loan is current, at the option of the Mortgagor, shall be credited by
<br />the Mortgagee on subsequent payments to be malle by the Mortgagor, or refunded to the Mortgagor. If, however, the
<br />monthly payments made by the Mortgagor undeit _ ) of 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 Mortgagee any amount necessary to mak, 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 />indebtedness, credit to the account of the Mortgagor. >i�iFi4Cd17d8(R�UUSt>tl01(b(SDc
<br />YAM any balance remaining in the funds accumulated under the provisions >9 AW of paragraph 2 hereof. It there
<br />shalt 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 acquire= the property otherwise after default. the Mortgagee .shall apply. at the time of
<br />the commencement of such proceedin -q or at the time the property is otherwise acquired. the balance then remain-
<br />ing in the funds accumulated underAkil'bf paragraph 2 preceding. as a credit against the amount of principal then
<br />remaining unpaid under said note. SNP-V lliYltlpgRp1HtMXIOjM7riNA *)PupxHtSri7tldtftdlXibtiti( xxRXk*RNXNXxkxMlr*x) tkx
<br />4� "at 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 hereinbc fore. and in default thereof the Mortgagee may
<br />pay the same: and that the Mortgagor will promptly deliver the officio! receipts therefor ut 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 pa> mcnt 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 b% the Mortgagor or any such taxes. or if such law
<br />or decree provides that arty 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 sgm 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 />7. That he hereby assigns. transfers and sets over to the Mortgagee. to be applied toward 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 he 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 atier-s it may desire for the purpose of
<br />repairing said premises and of renting the same and collecting the rents. revenues and income. and it may pay out of said it,-
<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 be
<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 be 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 1,e carried in companies ap-
<br />e proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached [hereto ions
<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 con -
<br />cerned is hereby authorized and directed to make payment for such less directly to the Mortgagee instead of o the Mortgagor
<br />and the Mortgagee jointly, 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 damage) In event of foreclo-
<br />sure of this mortgage or tither 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 .half pass to the purchaser or grantee.
<br />9. -flat as additional and collateral security for the payment of the note described, and all sums to ltecome duc under this
<br />m ottgage. the Mortgagor hereby assigns to the Mortgagee all profits, revenues. royalttcs. rights and benefits accruing to the
<br />Mortgagor under any and all oil and gas leases on said premises, with the ngla it, receive and receipt for the same and apph
<br />them to said indebtedness as well before as after default in the conditions of this M011g;ige and the Mira tgagce ma> delnend. Luc
<br />for and recover any such payments when due and payable. hot shale not 1w sew-ed — .a do 1111s nssiinnrent is to to nutatc
<br />and become null and void utx n release of this mortgage
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