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85--0 a 2 9 7 a-
<br />(a) fox A sum equal to the ground rents, if any, next due, plus the prentiunts that will nex
<br />Policies of fire and other hazard insurance covering ,the mortgaged property, till
<br />t become due and payable em
<br />on the mortgaged property (all as e.ctinratecl by the iifurtguge c i less all uns already and assessments next due
<br />number of months tot elapse before one month prior to the date when such ground rents, premiums, taxes and
<br />y paid therefor divided by the
<br />assessments will special delinquent, such sums to be held by Mortgagee in trust to pay said ground rents. ,re-
<br />miums. taxes and special assessments; and
<br />ib) ��' All payments n,entiorted in the two preceding subsections of this paragraph and all r , d
<br />ttre not(: secured hereby shall he added tc Preceding
<br />r, and the a re ;
<br />payments meats by be made under
<br />each month in a single pa}tnent to be applied by the Mortgagee to the rtti I"wi�nglitaen se inafile order ywi folds: r
<br />(XXMM > �tx�i¢7eil�Kit>4iE�ir�4#�F1��7c e#,igitq
<br />titc�tx$tRaxxsutaf�ocx�€t K�dt+1
<br />(ksk ground rents, t
<br />interest a axes. assessments, fire and other hazard insurance prentitrm
<br />fk rt the note secured hereby; and
<br />(III) ( amortization of the principal of said mote.
<br />Any deficiency in the amount of any such
<br />5 rc ate mur,:,tly
<br />gagor prior to the due date of the next sucl, p� n>Lnt, cc,nstitute an event of default under this rnurtga e. T
<br />payrtlenr shall, unless made good by the Mint -
<br />Mortgagee May collect a "late charge" not to exceed faro cents an for each dollar (51) of each ,muter
<br />than Wen (15) coo, rr, . _ g he
<br />arrears to cover the extra expense involved in handlin' delinquent payment rtaorr
<br />( b
<br />:�. That if the total of the iyments made by the Mortgagor a q payments.
<br />the amount of payments Pay e >, gor C of paragra h '� t
<br />nt.� actually made by the Mort Mortgagee f p preceding ding ;hall exceed
<br />mums, as the case may be, such excess, if the loan is current, the of the shall he c •
<br />the Mortgagee on subse( uent me its a insurance credited l payments to be made by the 11ort �a� rcdited hti
<br />Monthly payment made by the ,Mortgagor underxkP0 `f paragraph ? preceding shall not he sufficient to a
<br />), gor• or refunded to the• Mortgagor, IC however. the'
<br />rent. taxes and assessments or insu►'anc'e premiums. as the case may be. when the same shall y ground
<br />able then the Mortgagor shall pay to the 1k)rta= > > . amE hall become due' and pay -
<br />the date when payment of such Magee any amount nec•e'ssarn to make tip the deficiency,
<br />time the Mortgagor ground renter taxes i'Ssessments or insurance rvnttllnt: rte y, em of he'fOPE'
<br />full shall tender to the Mortgaf;ee, to acc•ordane•e' wilh the rovi :�ion� hall be due If at .any
<br />Payment credit entire aebtedne'. represented thereby, the 1lortgage(_ shall, in c�,mputing*�the �am ur�t�of ey.
<br />indebtedness, credit to the account of the Mortgagorxg}t�x
<br />hxtaf t h
<br />����mm]giK
<br />slay balance remaining; in the funds accumulated under the provision, ofX$�e,f pararh y, here
<br />>hall be a default under any of the provisions of this x
<br />hereby, or if the Mortg;a�ee' acquires the property Other
<br />aftc'r,dUfttuht. the Mortgagee
<br />p of If there
<br />gsg in a public Talc' Of the remise.
<br />mme nee. p <'ocerrd
<br />the co 'meal of such proceedings or at t agee shall apply. at tPte time or
<br />Ng he time the property is othe' I ag m-I ( e the balance then remain %Uchuk in the funds accumulated under i e,f Paragraph t pre'ce'ding• as i MCI t a,�
<br />remaining; unpaid under said note, .,min -r the' amount of principal then
<br />��,xtxx�paa�m
<br />-f. That the Mortgagor (Gill 1i c� XCx
<br />g:
<br />charges. fine,, or imposition,, for which eruvi, ion has not been made hereinhefurr. and in default thereof t
<br />ay ground rent, taxes, assessments. water rates. and other governmental or municipal
<br />pay the same; and that (he Mortgagor will r-o isio dative, the of mad receip(, therefor to the :efaultagrr.
<br />5. The Mart wor will he xlunga"
<br />Ki t, net nla0
<br />tents and which may Ile p:,} rap taxes which mat he levied upon the ,1lnrtgagrr ,interest in ,:aid teal estate and intpntve_
<br />( lewd upon this mortgage ur the debt secured herehy shut only to the extent that such i, nut prpnit -
<br />ed by law and nil}' to the extent that ,uch will not make fly usurious). but excluding any income tax. h is
<br />or
<br />imposed un Mortgagee .and will file the otlicial receipt showing such payment with the idlurtgugee. C' un viol:
<br />taking. es if the Mortg agar is prcahrNted by an,, lave nuvv or hereafter existing frt paying the vv hole or :ant portion of his u Federal.
<br />said taxes, ur upon the rcndrrrnt of any c�raar t decree prohibiting the p:ayntent by the Mnrt � a , , p ,tarn (f than under -
<br />or decree prorictOn that ant amount so paid ht the Murt c ,aft re
<br />the right to give ninety day s• aaritten notice to the o\%net- of tiletniurtgagedtplrerttihcsnarrrtt inner arty such taxc,. or rf .uch law
<br />debt. If such notice he green, the said debt ,hall heconre due, payable and collectible at the rx it(,eleht. the tilurigagec shall Irarc
<br />6. That should he frail to ,; l g the paytttent tit the mortgage
<br />I at any sum or keep anycuvvnaarst PrOvWed No in this Mortgage. tthetn Mea%I rigagee. ,, its oi,-
<br />tinn, may pay or perform the ,,rite, and all expenditures so made shall he :added to the princi al ,urn uv. in � ,
<br />shall he secured herehy. and ,hall hear interest at the rate set forth in the said not,, until g'
<br />p' 1. e n the ,,hove note•
<br />That he herehy rs,ian,. transfer, and sets Over to the 1dlurtgagee, to he :applied rove and the pavntent of the note :and :
<br />paid.
<br />,arms secured he:rrhy in tract of as default in the performance of ant of the Iran, and conditions o
<br />note, all the rents, revenue, and income to he derived from the nturt 'a sll
<br />ness shall remain unpaid: and the Murtgagaee ,hall have Bower to :appoint any ;,gent ur ;,germ, it nt:av this Mortgage ,,r the saial
<br />g t,ed eremr,es dunrrg such time :,, tire• ntortgac:c' indebted-
<br />and said premise, :and of renting the same and collecting the rent,, revenue, allot income. and ,r nr,av put out of ,aid n -
<br />comes all expenses of repairing ,aid premises and nccr„ury cununissiurt` and rxpcnsrs incurred in rrntirtgtntduI +41,rpa,sr o6
<br />same sand of cu)lectinu rentals therefrom; the halancc remaining. if env • ((a l • % t
<br />indebtedness. ,� mg the
<br />N. That he will keep the intpra,vements mtw exi,tin c„ c applied tovv; ;rot tft(' di,ch ;age of ,aid ntortgagc
<br />required from tittle to time by the Mortgagee ag:un,t loss hyrfiaNer elected h1aztariimoli ualhrs and
<br />"Mounts and for such per iods as rimy he required by t l ss h ;, > • g ialti i'r'at'cr o insured 'Is ntat h(
<br />insurance pruvisirnt far ayment of which ha, not been made herrinhefa, ill ,111 ploill ))(1% shall hr a•arr,,ntingrncir, nt ,uch
<br />p� ice
<br />and will p•at i,ronaptly. shall otnc. :utv prcnnurtr, a,n ,uch
<br />poishl by the Llortgatcc and the policies and renewals thereof ,hall he held ht rhr Murtgagrc ,and h:avr attached Ihrarta, I
<br />p mumble clauses in favor of and in form accept;ahlc• to the Murt P: , • , red in cun,p:,nrrs ap-
<br />mad h, the Mortgagee, who rttay make prouf of lux, if nut m idro,rontt Ily th (�1fi „r(� Morlgagur "Ill give inantrahatr noticr�l,v
<br />carted is hereby author zed and directed to �nrakr payrnrr,( fur such tos,ldirectlt to Iga ',lortgat;rc , h "Is” a to U
<br />} R ,goy and each irtsurancc' iontl,aa,v CO",
<br />;aid the Mortgagee iuiatly.:and tftc ansau arse proceeds, to any part thereof, n, av l,c :,fetard ht the• �I,atg :a d .,r al,„,tion zit
<br />to the. redaction of the indchle'drics, her( by ,re,aced nr to the rrstOrali <,n or rci, :,ia of, I'l nu , , to xfortgago,
<br />sure of rhr, nnurt ► ate° or other tr,aster of title to rhr murtftaged propel in crUrtgaai,hrnr,rt Of rhr utotehr,'drac'ss ,ccutir(t I, her
<br />1 I (eta ,lant.,gcd Inr%rm,it la,tl'cI0
<br />all right. title= and interest Of the ti9 Upaglu nt and hi ant insurance policies (hen in fat, (,h :,O pal, t„ �
<br />that as additiun:al and cull,trial ,rcuraty fill Ihr p;a%narnt of rhr notc1 de n 101kc...11 all suna� r.. , . , v r I v 'I
<br />nasrt� :,fit, the .71orl ;a �,+ I the pni, ha'cr ,i, ��.a,aaafa'r
<br />t hrrrhv a ,rtes to the �11Orig :,grc all erotic,. rrvcnuc�. rOValtar,. ,agl,t� ,,,a,i I,c,t «rtir��`,acc�aun a�tr„trthc
<br />$urtgage,r under ,n� ,,rid ,alt a „I and gas Ic,,sa: s •.nt ,aad t,rc r,uw svrlh tl,c a,n•ht a�� rc•,aitr :na(I rc,, °i ,t f „r
<br />rhea,, td, ail rndchtadnc„,r, vvA hcforc as MCI dc•f:urlr,n Ihr,on,i,n,ur, t
<br />foss anct r( a , a Al” the sauuc• ,111d ,a;,t,l, l
<br />l t a uch g�.a•, rtwM • v heir aloe .argot !,, t chi n.,+rt a
<br />Volatile. t h'c ..uu! Iha; ,r;'ai i1a•ts t, r�a,,n,l. ,aaa
<br />.aria b� :c,�assP: raaall .a r,�.l 'MO MOM i,. , ( tt'. hat halt u��r hr t, <,�aat, -�,� � � I�, �i�� ! ) ;a�.
<br />I I,'.o .,_ of I,aa', a�tar Ima 'c,
<br />
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