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<br />(b) A sum equal to the ground rents, if any, next due, plus the premiums that �will inext become due and payable tm
<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 />(c) 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 ,,ggiegalt alttouili thelcof, hail be paid by the I imtgago
<br />cacti 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 />(II) ground rents, taxes, assessments, fire and other hazard insurance premiums; !t KX
<br />(ili) 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. c„,,.,t - an cent of default under this mortgage. lltc
<br />Mortgagee may collect a "late charge,, not tb exceed Iola cents lair) for each dollar IS un of each payment more
<br />than fifteen (15) lot's in arrears to cover the extra expense involved in handling delinquent payments.
<br />:I. That if the total of the payments made by the Mortgagor under ib) of paragraph 2 preceding :hall exceed
<br />the amount of payments actually made by the \icartga_co for ground rent,, laze, 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 he credited h%
<br />the Mortgagee on .subsequent payments to be made h} the Mortgagor. or refunded to the Mortgagor. If, howe%er. the
<br />monthly payments made by the Mortgagor under 04 of paragraph ? preceding shall not he sufficient to pay ground
<br />rent, taxes and assessments or insurance premiums• ar the case ma% he. when the same shall become clue and pay-
<br />able, then the Mortgagor ,hall pal• to the Mortgagee ;my amount necessary Io make up the deficiency. on or before
<br />the date when payment of such ground rents, %axe,, assessments or insurmc•e premiums shall be d.
<br />,imp the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of up If at am
<br />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 all payments made under the provisions rXyKy
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<br />^hall be a default under any of the revisions of this , ,�fdfia4il6t[ifIY�KI►Ri?,1 of patravraph '2 hcretaf. if there'
<br />hereby. or if the lfortgagee ac•quire� the propery olhc`rvoi� ( after def<mlt,athe 11,r'$g ;age ale of Uto picnics courral
<br />the commencement of such proceedings, or at the time the proper$ is otherwise acyutred hill, 1'afllnn'e'trhlen art means
<br />ing in the funds accumulated under (! ) of paragraph 2 preceding. a, it credit against she• amount of prancipaal Ihen
<br />remaining unpaid under said note, ►dfdtliBf�1E
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<br />4. 'That the Mortgagor will pay ground rents. tax". asses,nienr,. water rate,. ;and other gO%c•rnanentai rIF Inunaclpal
<br />charges. fines, or impositions, for which provision has not been made hereinbefore. ;and In default thereof the liortgagce nl;r+
<br />pay the same: and that the Mortgagor will promptly deliver the official receipt, therefor Io the Mortgagee.
<br />4. "The Mortgagor will pats all taxes which may Ito le%led upon the liortgagec', interest m ,clef re;,l esa:ne ,raid Iniprosr
<br />ments, and which may he levied upon this mortgage Or the dent secured herehy (hut unit, fn the cxrcd thal such 1, not prrtohc
<br />ed by law and Only to the extent that such will not make this loan g cusunonsi. bul excluding any income Ian, Stale or I-ederai, imposed on Morrgagee, and will file the official receipt w
<br />payment with the Mortgagee I'pr•n +a I •lion of Ihr, under
<br />taking, or if the .Mortgagor is prohibited by any law, now or hereafter c%mul [tom pa%rng the whole ur any Portion it the sitter
<br />said taxes, or upon the rendering Of any court decree prohibiting the payment he the 't mg th a +r nr any such Pave o t if such rc
<br />or decree provides Ihal arts amount %a paid by the :Mortgagor shall he I. redned on the mortgage debt. the Mortgagee ,halt ha+c
<br />the right to give ninety days' written notice to the owner of the mortgaged prrmiscs, arquinng the p;l%nien$ of tits friortgagc
<br />debt. If such notice he given, the said debt %hall become due, payable ;end cOBrrtible al the expiration rte said ninety tiav,
<br />6. "That should he fail to pay any sum or keep any covenant prOVided for in this Mortgage. Then file \9ortgagec. ,d u, op-
<br />tion, may pay or perform The same, and all expenditures so made ,hall he added h) the principd ,11111 o%% jig tin the aho%c ,tile.
<br />shall he secured hereby, and shall hear interest at [tic rate scI forth In the said note, until paid.
<br />That he hereby assigns, transfers and sets Over to the \1Ortgagec. it' he ;upplicd Inward the payment of the note ;anti all
<br />sum% sectored hereby in case of if default ?n the performance of airy of ahc terms and conditintt% of fill, 1fOrrgage or the said
<br />"01c, all the rents, revenue%:and income to 'he derived Born the Iortgaged premises during %uch ionic its Ihr* I,orip age Indebted
<br />ties% shsdl remain unpaid; and the Mortgagee %hall have power h) appoint any agent or agents n liar% deslic Ina Itie purpo,c ul
<br />repairing %aid premises and of renting the %:fine and collecting the rents, revenues ,Intl Income. ,and n nla% fill% out td ,;ud m
<br />comes all expenses (if repairing %aid premises and necessary comntissn)Fts and expense% Incurred in lentils; and managuly; the
<br />same and of collecting rentals therefrom; the balance re it) aining• If ;any. to he ;I rip ?ard atu aIif the disc hargc r11 it ntI pitec
<br />indebtedness.
<br />R. 'That he will keep the improvements now existing or hereafter elected on ahc rnorleoged proper1%. Insured ns runt be
<br />required from time to erne by the Morlkagee against loss by fare ,and other haruds, . mFlIhes :Ind ronlmgrncaes m .u%h
<br />ilmounts and for such period% as stay he required by the Mnrig;agee and 4%Ili pn% pu)rnpll+. \shin dui. ;uty ptemuarns on sash
<br />insurance provision for payment of which has not been made hrtenthefwe 1Il nl,urent,• ,hall be earned ht :onlpnnles ap
<br />proved by the %illgagcc and the policies and renewais thereof ,hall Ise he ?d ht the lfortgagee: send tin %r ntlnt :'Yid lhrreM I,,,.
<br />payable clauses in favor of and in feet'm acceptable to the .Mortgagee In cent al ile Marlgagut wdl ;'%v rtnmcticlte nett, • i+%
<br />mail to the Mttr1$gagce, who linty shake proof of loss If ntiI made I,roanpYly I,t \ltrrtgag,r. ,and each Ielswanrr cool$ + ;nl\
<br />cerned is herehy' aulhorired and directed to %;Ike pavntent for sot h loss three Ili, ht the 1lnrtga�ee nastead of Ye the \1orlg ;ap:oa
<br />and [Pte Mtirtgu a leiiolly, land the ntsorance pmcecds. or ail% part thereof. mills f+t• ; appled I'v Ihr ltongage c .II ail uphno t Ifhcl
<br />!ti It rethidton Of tire Indehiednc„ IIP.'drb %',erllrrd Or In the re,ltirahnrl nr repalr td file pr,`peM dofiliagCd fit C+elif rd foie, ln.
<br />+tart 'If this rnnrl$$gr or atelier frall%frt of title to the Taalntgaged pin$µ "tYt' ail t'VBUI�7aa,hnea ,Y of the rndebtetlne„ ,e, nar,l rr4 ref`%
<br />aU right, rule and imerc,t of rite Mortgagor m and hi um Insurance pulirlrs Ihr, m f ins e ,h,IIY ,r., r„ Ihr Itun h:r,rr ..r rl;,nlrr
<br />`t, That its addillonaal third colh+lctill ,ecurill fill Ilse pa%IlWfll M [Ile riot(• di ", rihud ,std 'ti' ,um. �,� be „'roe ,bar nndrr +hl
<br />mantillage, rite WnrtXajur Iherebp .I %%Ipin% i n the Murlpaagce Of ploha,_ I r v r r r l l e , r n r I I I a rtU, _lid h-wItl, i l l lust t :tic
<br />lbiestlrsgtrr under ant, and rill ml nod etas least% on aaa+l $irellww” bath the rraafn I r le, <n, aid trt_ra$t' "If rho ".rrnr ,.nit I• ;,il
<br />"inept to �aad Indebirdlics+ as +%ell tiefnlr ;I% diet defmill Yn Ibe,ondiuml -if Ili, r uy ;,a•r .rod the 19 vfc. wee ruin tlens,,at,l, .,r+.
<br />Im anal rt=e river .atl1` -uc It pars lnrrd% w -hen rhle :old p;INd,1r. hall ,half nil he tr4unrld n, �i�� 1311,
<br />-,ud 1e,'tile nnH .trod .."o nhnn lt•Ieane td fill, mruta.aa•e, :r'n�nrry r. r„ frvuu..lr
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