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<br />(b)
<br />(c)
<br />000603
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<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 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 special assessments; and
<br />.411 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 />cacti month in a single payment to be applied by the Mortgagee to the following items in the order set forth:
<br />"XKWMX1tdRlt4i3tK MNCK![ O.Lti
<br />INXdWtt(tutX 1<f$K I� �t>.'C ttAf7¢>t'tUJQ X9i:f' Ittt7$A:AIilCXX
<br />(11) ground rents. taxes. assessments, fire and other hazard insurance premiums.
<br />(111) interest on the note secured hereby; and
<br />(IV) 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, runstitute an event of default under this mortgage. The
<br />Mortgagee may collect a `late charge" not to exceed T,nu cents (411) for each dollar (S1) of each payment more
<br />than fifteen (1 S) days in arrears to cover the extra expense involved in handling delinquent payments.
<br />:1. "chat if the total of the payments made by The vlortgagor under 00 of paragraph 2 preceding shall exceed
<br />the amount of payments actually made by the Mortgagee fur around rents, taxes and assessments or insurance pre-
<br />miums, as the case may lie, such excess, if the loan is current, at the option of the Mortgagor, shall he 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 under 111) 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 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 pavment of the entire indebtedness represented thereby, the Mortgagee shall. in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor all payments [Wade under the provisions oFYdC i rAWV
<br />lidlK�ii `ft di�ipl iii( hK laFi(iflKKti Ytiti%yi t Npi$v tide' Glrl'f(1,) 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 pr( mixes royered
<br />hereby. or if the Mortgagee acquires the property otherwise after default, the Mortgagee shall apply. at the lime ni
<br />the commencement of such proceedings, or at the time the propene is otherwise acquired. The balance Then remain
<br />ing in the funds accumulated under ( W of paragraph _l preceding, ass it credit against the amount of principal then
<br />remaining, unpaid under -arid note. a 1t114t{ r��libXiiii` i? �ilidi` �rlrrMritic�K�i�frtuYKK�vxKiilA2 ►ice life
<br />4. What the Mortgagor wilt pay ground rents. taxes, assessments, wader rates. and other governmental or municip:i!
<br />charges. tines, or impositions. for which provision has not peen made hereinheftire. and in default thereof the Mortgagee mar
<br />pay the same; and that the Mortgagor will promptly deliver the official receipts Therefor to the Mortgagee.
<br />5. The Mortgagor will pav all Taxes which Wray he levied upon The Mortgagee's interest in said real estate and improxe
<br />ments, and which may he levied upon this mortgage ur the Licht secured hereby Ihut 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 usuriousl. but excluding anv income tax. State or Federal.
<br />imposed on Mortgagec.:md \till file The official receipt showing such pa\nieril with the Mortgagee. Upon xiolation of this under-
<br />taking, or if the Mforigagor is prohibited Ill, any flaw now or hereafter existing from paying the whole or ant portion of The afore
<br />said taxes. or upon the rendering of anv t'ourl decree prohthiiing the pit%ment by the Mortgagor or anv such taxes. or if such law
<br />or decree provides that any amount so paid by the Mortgagor shall ht credited on the mortgage debt, the Mortgagee shall ha%e
<br />the right To give ninety days' written mouse to the owner of The mortgaged premises. requiring the payment of the mortgage
<br />Licht. If such notice he given. the said deht shall become title, pavahte and colleciihle at the expiration at said nmety days
<br />h. That should he fail to pay any sum or keep any covenant provided form this Mortgage, then the Mortgagee. A its of
<br />tion. may pay or perform the same, and all expenditures Lot made shall he added to the principal suns owing on the atloce ante.
<br />shall be secured hercbv, and shall hear Interest alt the rate set forth en the said note, until paid.
<br />1. That he hercbv :%signs. Transfers and et,l o\ei to the Mortgagee, to he applied toward the pavinent ill the little mnd .Ili
<br />sums secured herchy in case of a defanll lit the performance of anv lit The terms and conditions of fill, Mortgage nr The stud
<br />chile, all the rents, revenues and income to he derived from the mortgaged premises during such lime ass the nlaortgagc indehled-
<br />ness shall remain unpaid; and the Mortgagee shill[ have power to appoint anv agcul or agents it nlav desne fill the purpose of
<br />repairing said premises and of renting the sanic mud colicrting the tents, revenues and income, and it Wray part out 0 said ill
<br />comes all expenses of repairing said premises and accessary cnntnnssions and expenses incurred in rcming amp managing the
<br />same and of collecting rentals li.crefronl. the hadance retuammg, if ally, to he applied totxard the discharge of said mnntgage
<br />indebtedness.
<br />K. That he will keep the improvements now existing or hereafter erected on the mortgaged properly, insured as max he
<br />required front time In time by The Mortgagee against loss by fire and other ha .,arils, casualties and contingencies in x1101
<br />amounts and for such periods its may he required Its' The Merigagee mnd will pay promptly, shell (Inc. all\ prellnui11t oil '1101
<br />insurance provision for payment of which has not [won maple hcreitilic•lore All insurance shall he ironed ill c00gvIIlIV1 All
<br />proved by the Mortgagee and rife policies and renewals thereof shall he held by the Mortgagee and 11;1\ I, altarhed therein I.—
<br />payable clauses in favor of and in form alcceplahle to the Mortg;lgce In event ill Ins. Mortgagor \till gt\c unnledtall: nou:c 1,\
<br />mail tit the Mortgagee, who may make proof of tlt,s if Intl milde pnontptl\ hl Mortgagor, :Ind each insurance \nnitoanl\ inn
<br />Earned Ill hereby auth(nti'ed and ditetied it) Itnalfe 1mvlllent lot ,till It,,, dnectll t r Ihi' Moligagce Inslead III In the Moliga llm
<br />ell The Mortgagee jointly, and file In "anance ptoceed%. nr tiny pall Iheteof, ma\ lie alpplled h\ lite Morif.,agl'e it its option elfllel
<br />fn the reduction of the Inlle, htedne.xs herefty secured lot lit the lesforahon ill lepall of the propel 1% dallll aged. In 1' \etlt of fole" to
<br />lure Ali This morlgagge lit other fl'allvlcr Ali title Ill the mortgaged ptopert4 ill exlinglll',hn1e111 Id the IntIVI'lt'duess W, lll\'d heleh\ .
<br />AT tight. fllle alnd Interest lit lite Morlgaignr III and hl lull In,inml\'t' polls ic, then 111 I 1, C shall ;, 1I- In lill, pill, hd l'i NI Cl 01MIC
<br />Er
<br />1 %. Ihal its aldditlilnall and enllille'lal Yecul'ity fill the pal'illl'nt If the little tfes. Ilhed. toil :III tlifil, to he, olllt .flit, 1111,10 1111,.
<br />j
<br />InaffKage, the Mortgagor hetel,y assigns Ill ill(- llnligagee .111 t'nohls, re\cnncl,. nl\alhes. rlghls ,Ind heneht- .lunlnlh to tin
<br />fsfnrlgag(tr molder any and aall ill ;11141 gas Iva,Cm nn sald plem1w, ,.tlh the nfilll To Iecenr mat wi. cipl 'ol the ,Inc ,till .iprk
<br />them In stied lodehtcdne— is well hehne IN filler defaull lit The t mithilnns of The, moltRat;c ,lid till, Niol lH,u;rr ,;iv ,fl•nl.old ,. 1,
<br />fin' ;tad wi:ov'l•r .Inv fill. To pa%mcill, ",hell dut''Illif p+ll'atde. hill `.11,111 nil he ICll llll, ,I - I, 1 ., I lets .!x`•14'11 %111"11 11 1,, 11111, 111,:it'
<br />itad l,r, I.tile mill Glad i Ind ill on relrltml' of Tim mol le. e
<br />11 __j
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