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<br />(b) (a0
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<br />'prepttptnia*rs-- - °- - -- - - --
<br />A sum equal to the ground refits, if arty. next due. plus the pieinutrtns that wiC next become due and payable on
<br />policies of fire and other )••:i<ard insurance covering th, n,,orleagrid property. nitts taxes and assessments next due
<br />on the mongaged property (all as es :fniare.' br arc .Nr +ngase :, ^ >. all sutr., : :ready paid therefor divided by the
<br />number of months to elapse before one month prior to the dare witch such ground rents, premiums, taxes and
<br />assessments will become delinquent, such surns to be held by Mortgagee in trust to pay said ground rents, pre-
<br />miums, taxes and special as limients; and
<br />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 addee together. and *he e!•2rega;r a^ ur,: •1 sl all i,c paid by the Mortgagor
<br />each morth in a single payment to be applied by the Mortgagee 1. fife !o,ioxn. I! ^n tit ine code: set forth.
<br />--{ F}---- �' rrnintw •�•F+erEes- tettiertl+r��eMttt wet- attitrs «rrawrwrt�+�••r�,r- eeY -�-- SFr+ errtm- nxd•��•rixnrF�+Kkt+pntent,
<br />--- ____ --- r i) tilt! TSitsrem frrrfiarr7 ---- - --- --
<br />t*nnrt,>•crc-nrmr✓rrrc-,�+�-+�rtrtr-asrir.-r_�x-•rrry-tx;---`----
<br />(I) XRX gr unit rents. taxes. asscsslnetn . f:rc a!, c.nc�;
<br />(II) 20 tt,terest ore the note secured hereby: and
<br />(III) XILDO amorvauon c,? the principal of said li,•tc.
<br />Any dettaci;, in the aint„m: of ant s!rh .,fir inIcss :nade good by the Mort-
<br />gagor pn;-,r tt• tilt duo li, e ,•r tit: ncxa sic ! ,i c' ... et u; undo ILrs mrrt ag:. The
<br />Mortgagee n:ay collet! a "late charge" not to ex-red tour cents 4.44.1 f„t each dollar tS 1 TO' cad. caymeni more
<br />than fifteen 114 t eta•: a ;n arrear> t. curer the e-.tr_ e W"_;%,. m n :mdt,nc d. ;!n.iuent pot I'leuts.
<br />17tat if tl:e total of the pacmeai -math In ifle t!.nrt • r„r insole t ( ) °raph _' precoding halt exceed
<br />the amount of pay ment- at (nallt made by thw llorieatv•o for _•.ound r•rnt -. :: • - .:nc a-- e= -moot- or insurance pre -
<br />miums. a.� the case may be. =uch excess, if the loan is co-re:il, at tilt or ,..,t th, Mortgagor. shall be credited by
<br />the ylortgagee on - ub-t queni paymeni- iu he ma cut the \fort t,• ,. or 4undvd it, iho Mortgagor If, hnxeyer. the
<br />monthh. payment- made by the )lorrp.:[or under Wof ;,.tr.tL of h _ p7c,s -i.: n.. tic ufficient to pay ground
<br />rent, taxe- and a= se- sment- or m.- urarcc•c premium, a- the ca-c ma, h. the -amt• -hall become due and pay-
<br />able, then the Mortgagor ,half pay to the llort;•agee any amount noel• --,ary to make up the deficiency, on or before
<br />the date when payment of such ground rent -. taxes. as- t..sment- or in- trance premiums shall be due- If at am.
<br />time the Mortgagor shall tender to the Mortga ;-ee, in accordance xith the pr „ri�ions of the note secured herehy.
<br />full payment of the entire indehiedne-- reprn- .anted thetnc�, the Mortgaw•o -hall. in computing the amount of such
<br />indebtedness. credit to the account of the Mortgagor �.- I ofPacagraph ='-
<br />itereeFwhie •h- cite- llnrrgx�rritat- ytorfie- vim- ebi*ram r-&- TM p:rrstr"V. , teIt.0; -(tt#•ihm -irm -mid trbart-ljrcrtt�pmettr-
<br />a�ctny hitlanec remainintt in th.• fund- acca »it :.cod undui the pnni ;ion- ... 11of paragraph 2 hereof. if there
<br />ahall be a default under ant of th.- pro.: rill - m,• ;t_,t,.• rc•-ultin•• in a public -ale of 1hc• premi;e cotered
<br />hereby. or if the %lortgagee acquire- the nro!p f't udiv ,ii after default. the Mortgagee Aiall apph. at the time of
<br />the commencement of uch procoed� �. ur it tilt- time th. pr+nperry i< whvrt,i -e acquired. the balance then remain-
<br />ing in the fund.- accumulateu under , ,.i paragrnni; 'pre, ••dlnc. :t- .; frudt t aga.n -t the amount of principal then
<br />remaining unpaid under --aid now .iNd -p:rti f►rNpw+. a4ifN.t- .+ww{taytrcwtc• siwc- F� +N.e: 114 +it+ft..wtAn:trir+�traw -.r: --
<br />4. That ^.e %lortgagor .sill p.,� u,•und rent.. ru•,: e. .,nd other Foternmenta: or municipal
<br />charges. fine,. or .mpo,nwn,. !,'r tt hwh pr ..i,iun ha, n,•: beer• t; idc'herrin�r :u,: nd in defauh thereof the xortgagee ma}
<br />pat the same..int thai the Mortcagot :,!l? riJmpl , d0nencc oth,:i.,i re,cirt• Inc,;' ,r the Mortgagee.
<br />s. The Mortgagor utll pat all laze, uhi,h mat he ieveo +,or: the `,1,•:ig,:cee . intcres! in said real estate and improve-
<br />ments. and t• hi:h may be ie,icd up,•n this m,-rtg, :ge it the de;,. se,nrrd her. :r..i,ut , to the extent that ,uch j, not prohibit-
<br />ed by lax end onh to the extent that such x ill it.,, :bake tilt- V, .nn u.uriau„ but excluding art% income tax. State or Federal.
<br />imposed on Mortgagee. and x ill file the orft,ia? receipt shoo,n,• • ,:h % is!h the Mortgagee. Upon violation of this under-
<br />taking. or if the Mortgagor s prohibited by an% lax not, or heredf te! : xi,nnc tr,,:,i p,tt ing the „hole or ant portion of the afore-
<br />said taxes. or upon the rendering of an\ court de,rce prohit•nrie tae p:a vent ry the \iorigagot or am such taxes. or if such law
<br />ordecree provide, that any :anrtiunt 10 p.:id fix the Mortf;.!gor .!;,:; i,e . :ri. ;i:ed iht mortgage debt. the Mortgagee shall have
<br />the right to give ninety d;,y, t,imen notice to the owner of the mortgaged ptemisC,. requiring the p:;yment of the mortgage
<br />debt. If such notice be gi,en. the said debt shall hecomr due. pal able ,,nd collectib':a :it the expiration of said mnely days.
<br />6. That should he fail to pat ant sum or keep an, corm an: pn.vded 'r tit chi, Mortgage. then the Mortgagee. al its op-
<br />tion. may pay or perform the same. and all expenditures so made sftaii he added to the principal sl!m ox ing on the ahme note.
<br />shall he secured hereby. and sh.,!! hear interest at the rate set forth in the said note unhi paid.
<br />7 Thal he hereby assigns. transfers and sets oyer to the Mortgagee. to he appk:?d toward the pat meat of the note and all
<br />sums secured herehs in case of a defauh in the perlorman a of an} of the term, and conditions of this Mortgage or the said
<br />note. all the rent,. revenue, and income to he derived from the rrtor!gaeed piem,e,.tome such time as the mortgage indebted-
<br />ness shall remain unpaid: and the Mortgagee ,halt hr.e power to appoint ant agent or agents it mat desire for the purpose of
<br />repairing said premises and of renting the same and ci,liecting the rents. ref emir, and income. and it M:!\ pay out of said in-
<br />comes all expenses of repairing said premise, and necessarx commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals theretrom_ the balance remaining. if anv. to he applied toward the discharge of said mortgage
<br />indebtedness.
<br />8. That he will keep the improvements now extsting or hereafter erected on the mortgaged property. insured as may he
<br />required Lctm time to time by the MortF:agce !:ain•t to,• h fire and other haiard, ca,ualues and contingencies in such
<br />amounts and for such periods as may he required by the \lvtp;zztt and u dl p.f , promp :h . %%hen due. an, premiums on such
<br />insurance provision for payment of which ha, not been made her: imhcfr,re all insurance shall he carried in companies ap-
<br />proved b% the Mortgagee ,,nd the pohctes and yen ^testis thereof shall he held by the Mortgagee and hate attached thereto loss
<br />payable clause, in faxor of and in f. �i ..c: ert;ikle +h, Morwacec In event of \forieagor xi:l glee immediate notice by
<br />mail to the Mortgagee. „too mat mc: c proof of loss if cot ala,ie prornntiy by \l�1rrgagor, and each insurance company con -
<br />cerned is hereby outhunted and directed , make p.a ment for such loss directly to the Mortgagee instead of to the Mortgagor
<br />and The Morigogce foimh . ;.rill the :t,.ir. ; :wc pao,ccc,, or ant p,.rt thereof. mat ht apr.•,cd h1 the Mortgagee at ih option either
<br />tothe reduclion of the indeh :cdness r er,rh: secured or to the testolaiion or repair of the property damaged. In event of foreclo-
<br />sure of this mortgage cu ,!her transfer of title to the rorigaged property in. xthilnii0ntent of the indebtedness secured hereby,
<br />all right, title art :;:core :,. !hr \t:• +fag,•; e., oad to ant ininr nc; popco s there tr , .,, e .hail pass to the purchaser or grantee.
<br />t+. That a ti,,!, ,,r:u :,,t urns: seeurtit lot the raiment of thr cote it 'red. and all sums to become due under this
<br />mortgage. the \i rir.a t:r., to the MortE gee all,protils. !e\enue, , •.ahies. rights and benefits accruing to the
<br />Mortgagor underr ,rl. '17W J'O 01T 'Ipi, s; ot, a;nd prcrntsrs, x,th ilia right r ?, rv,:O,e and receipt for the same and apply
<br />them to said indehtednCt ;,, "el, hcf. r,” as tile: defauh in the ogiditions of thy, ,na il!c Mortgagee may demand, sue
<br />I ,r ;,nd ree;,xer ,,fit s3,t r..n :en , .k heo duc and p:t.at ie. bn! ,ji.w not tic !euGUe i , .,. ,:.• !!ns a%signmeni b to terminate
<br />.insi roc, r,,c nut l sn,i t„ 4t „r: rOv"'i: ` :his,nortoutge.
<br />50LUj �"=
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