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<br />(b) 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 (ail 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 />(c) All payments mentioned in tL_ 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 />(11) ground rents. taxes, assessments- fire and other hazard insurance premiums;
<br />(lit) 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, constitute an event of default under this mortgage. The
<br />Mortgagee may collect a "late charge" not to exceed tm;l cents (4t() for each dollar (51 ) of each payment more
<br />than fifteen 0 5) days in arrears to cover the extra expense involved in handling delinquent payments.
<br />r;. That if the total of the payments made by the 11ort;,,a;_vtr under I b) of paragraph 2 preceding =hall exceed
<br />the amount of payments actually made by the Mortgagee for -round rents, taxes and assessments or insurance pre-
<br />mium, as the case may be, such excess, if the loan is current, at the option of the Mortgagor, shall be credited b%
<br />the Mortgagee on subsequent payments to he made by the Mortgagor, or refunded to the )Mortgagor. If, however, the
<br />monthly payments made by the Mortgagor under 00 of paragraph 2 preceding shall not be sufficient to pay ground
<br />refit, 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 ank
<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 %lortgagee shall, in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor all payments made under the Ittovisicxis ciBX3iItd�X 3t ! C
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<br />7 }Q t��K $�7�p�t 1iJyK1li3i3?WiHilf�( . iEli itKJt /b� 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 premi -es covered
<br />hereby, or if. the !Mortgagee acquires the property otherwise after default, the Mortgagee Ahall apply. at the time of
<br />the commencement of such proceedings, or at. the time the properly is otherwise acquired, the balance then remain-
<br />ing in the funds accumulated under 0h1 of paragraph 2 preceding. as a credit against the amount of principal then
<br />remaining, unpaid under said note. liii[i�4i'biK�i14?� Gty: ifi\-' ��dtdeltKXXYc?HIFA: tiKYt ,i+Jti►XAdt}ir�rb�:tirKbi4kJSrV
<br />4. That the Mortgagor will pay ground rents. taxes. assessments. water rate.- and other governmental or municipal
<br />charges. fines, or impositions, for which provision has not been made herembefore. and in default thereof the Mortgagee slay
<br />pay the same: and that the Mortgagor will promptly deliver the Official receipts therefor to the \lortgagee.
<br />5. The Mortgagor will pay all taxes which may he 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 (hill only to the extent that such is not prohihit-
<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) ment with the Mortgagee. 1.'pon xioiation 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 aforc.
<br />said taxes, or upon the rendering of any court decree prohibiting the payment by the Mortgagor or any such lazes. or if such law
<br />or decree provides that any amount so paid by the Mortgagor shall he credited on the mortgage deist. 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 ntortleage
<br />debt. If such notice he given, the said debt shall become title, payable and collectible id the expiration of said nute•ty dill, s
<br />6. That should he fail to pay any sum or keep anycovenant provided for In this Mortgage, then the Mortgagee, at its o;,-
<br />tion, may pay or perform the same, and all expenditures so made shall he added to the principal sum owing on the ;thou c note,
<br />shall he secured hereby, and shall hear 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 he applied toward the paymcm 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 flits Mortgage or flit saof
<br />mote. all the rent-, revenues and income to he derived from the mortgaged premises during such time as the mortgage indet,led-
<br />riess 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 Rae rents, revenues and income, and it may pay Out of s.nd rm
<br />comes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing, the
<br />Name and of collecting rentals Ihereirom; The balance remaining, if any, to he applied h,w;ml the discharge of smil In tlgilgc
<br />incebtedness.
<br />K. 'that he will keep the improvements now existing of hereafter cievied on rile mortgaged properly, moored a, nlay be
<br />required from time to time by the Mortgagee against loss by rite and other hazards, caoualfics and cunfingencic' m1 om),
<br />amounts and for such periods as may he required by the Mortgagcc and w ill par promptly, w hen due..in\ plemnints on soil,
<br />insurance provision for payment of which hies not been made hereinhOme ;111 insurance shalt he carried In contpante, .1t,,
<br />proved by the Mortgagee and The policies and renewals thereof shall he held by the Morlgagee and have altai lied Illocla• 1""
<br />payable clauses in fitvor of and in form acceptable le the Mortgagee In event Of loss Mof IRagm "10 give immediate noII,c hs
<br />mail to the Mortgagee, who may make proof of loss if not made promptly Ill. Mortgagor, and each Insurance conlro x on
<br />cetned is hereby authoritcd and directed to make p..ynlent for mit It lees directly to the tvfortgagcc instead of Ill file xlortgagos
<br />and the Mortgagee joinlly. and the insurance proceeds, or any part thereof, mat be apphcd by the Mortgagee at IIN ,ysafon e itlit,? ,t
<br />to the reduction of the mdchtedneos hereby scented or Ill the restoration or tep; it of lite Ili killer IN d;mlaged In event of f, n rc 11,
<br />ure of this mortgage or other transfer of title to the mortgaged properly m exJingulshmcnt of the tndehledncso occutc41 herell\
<br />all right. title and interest of The Mortgagor to and to anv imnwncc pollens then Ill fur. c'11.111 p;1" In the tanc hasel 01 pll antes
<br />9 Thal its additiamal ;mill colhoetal security tot file pavrnenl of the note dc" filled, ,11141 ;all sums Ie In-rlanc Joe 11n41et tilt. #
<br />nrelrigaagc. (fie Mortgagor herefsy assfgrrs 11, file Mortgagee all profit'. IC%Clnle". 10%;1I11C4. tight' .11141 111-D hIN a1Yllnt,pt tO flit'
<br />Morlipipw under any aced all od and gnus Icawi, on vnd premises, wrlb flit, right In Fettle ,n10 rc(0111 for the •.anir ,11111 ,1111111
<br />them It, kind Intiehteelnr.e, .1e sell before ,i% after defaoll in the condition, of this nuvly. ape ,n10 the 1lkil lr aptec 11,,1, doil.illd. 'u,
<br />for ,Ind rv""et atav snot, Irarn,eflls uheu 4111, and 11 Nable. ),ill shall not he reyuucd t„ J fill, i- ivoincol 1, 1, "I'm ,tr
<br />1041 lW ogle null wtd clod uo,•n wle :lee of Ihr, nnalvage
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