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<br />(a) (b A tiara equd to the Round rents, if any, next due, plus the premiums that will next become due and payable on
<br />taxes and attsessmenu next due
<br />policies of free and other haired insurance covering the mortgaged property; plus
<br />b�• Mortgirace) less all sum's already paid therefor divided by the
<br />the mort� property (an as esrirrttrtad the
<br />on number of months tti dapse before one month prior to the date when such ground rents, premiums, taxes and
<br />ateeurnenu will become delinquent, web sums to be held. by Mortgagee intrust to pay said ground rents, pre-. .
<br />miumc, testa and apecW aalessermu; and
<br />(b) All payments animdonea in the two piececting 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 />by the Mortgagee to the following items in the order set forth:
<br />each month in a single payment to be applied
<br />1u {�r�prt�t�!{ '-to!!!r'erT=rM^fkltilrt.•se -�• stiv 'li"Usi 1! I'l le'!'•t:
<br />'�T' { wpfjmy rtM {'itlSRnmer'7^YttlII77'1'�StfT"3 airl"r;-----------------
<br />(I) i= ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(II)p interest on the note secured hereby; and
<br />(III) 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 />"late four cents (off) for each dollar (51) of Bich payment more
<br />Mortgagee may collect a charge" not to exceed
<br />than fifteen (IS) days in arrears to cover the extra expense involved in handling delinquent payments.
<br />3. That if the Lotsl of the payments made b) the Mortgagor under y ff of paragraph `? preceding shall exceed
<br />the ataourt of payments actually made by the Mortgagee for ground rents, taxes and assessments or insurance pre-
<br />if the loan is Current, at the option of the lbttgagor, shall be credited by
<br />miums, as the case may be, such excess,
<br />the Mortgagee on subsequent payments ul he maj�a b) the Mortgagor. or refunded w the Mortgagor. If, however. the
<br />? shatl not be sufficient to pay ground
<br />monthly paymemtc made by the Mortgagor under tVof paragraph preceding
<br />same become due and pay
<br />rest, taxes and atasessim"Ls or insurance premiums, a� the case ma) be. when the .shall
<br />necessary to make up the deficiency, on or before
<br />able, rites the Morigager shall pay to the Mortgagee any amount
<br />or insurance premiums shall he due. If at any
<br />tine data when payment of Bch ground rents, taxes. assessments
<br />time the Mtsrtgager shall tender to the Mortgagee. in accordance with the pmvi =imrs of the note secured hereby.
<br />in the amount of such
<br />tall payment of the entire indebterdnese represented thereby, the Mortgagee shall. computing
<br />Mortgagor ce
<br />indebtedness, credit to the account of the a}! psytaetsts.s
<br />hn�eeeF 4nr -mre n!cant -ebiir stetitcpartetlrr- eetrtare-(e�iieaaiag'ard b zbmt$CSCittpntcm"
<br />att�any balance remaining in the funds accumuiated under the provisions of � of paragraph 2 hereof. if there
<br />be a default under any Of the provtnipnr ttf this monra_e rpaulling in a public sale of the premises covered
<br />shall
<br />hereby, or if the Mortgage acquires the property otherwise after default. the Mortgagee Stall apph, at the time of
<br />at the time the property is otherwise acquired. the balance then remain-
<br />the commencement of such proceed", or
<br />ing in the funds accumulated untkt of paragraph preceding• a- a credit against the amount of principa! then
<br />�\\
<br />remaining unpaid under said orate. aAd..h+siJ- {a<wk+ .+*v}rxygawtt«aviwt.J+i;14+awiwc+mtdµ++++d`+>:--
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<br />4. That the Mortgagor still pad ground rents. taxes. assessment,. water rates. and other governmental Or municipal
<br />has been made hereint+ctorc, and to default thereof the Mortgagee may
<br />charges. fines. or impositions. for which provision not
<br />the same: and that the Mortgagor will promptly deliver the official receipts therefor tD the Mortgagee.
<br />pay
<br />5, The Mortgagor will pay all taxes which mat 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 Ibut Drab it, the extent that such is not pr�hibit-
<br />Ivan but excluding any income tax. State or Federal.
<br />ed by law and onh to the extent that such wall not make this usurious,.
<br />imposed on Mortgagee. and will file the officiai receipt showing such payment with the Mortgagee. Upon x ioiataon of this under.
<br />hereafter existing from paying the "We or any pimion of the afore-
<br />tallies. n if the Mortgagor is prohibited by any law now or
<br />taxes. or upon the rendering of any court decree prohibiting the pay me nt by the Mortgagor or any such taxes. or if such 13%%
<br />said e
<br />or decree provides that any amount so paid by the Mortgagor shall he credited on the mortgage debt. the Mortgagee shall have
<br />the owner of the mortgaged premises, requiring the payment of the mortgage
<br />the right to give ninety days' written rtotict to
<br />debt. If sucb notice be given, the said debt shall become due. payable and collectible at the expiration of said nine[ days.
<br />6. That should he fail to pay any sum or keep any covenant provided for in this Mortgage. then the, Mortgagee. at its op-
<br />be added to the principal sum owng on the above note.
<br />tion. may pay or perform the same, and all expenditures so made shall
<br />shall be secured herehp. and shall beat interest at the rate set forth in the said note. until paid.
<br />toward the of the note and all
<br />7. That he hereby assigns. transfers and sets over to the Mortgagee. to be applied payment
<br />hereby in case of a default in the performance of any of the terms and conditions of this Mortgage or the said
<br />sums secured
<br />note. all the rents, revenues. and income to he derived from the mortgaged premises during such time as the mortgage indebted-
<br />it may desire for the Purpose of
<br />ness .boll retrain unpaid; and the Mortgagee shall have power to appoint any agent or agents
<br />repairing said premises and of renting the same and collecting the rents, revenues and income. and it may pay out Of said in-
<br />comes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the
<br />if any. to be applied toward the discharge of said mortgage
<br />xaMe and of collecting rentals therefrom; the balance remaining.
<br />mdebtasit s.
<br />R, The he will keep the maprovementt now existing of hereafter erected on the mortgaged property, insured as may he
<br />hazards. and comingencies in such
<br />rued from time to time by the Mortgagee against loss h} fire and other casualties
<br />amounts and for such periods as may he required by the Mortgagee and will pay promptly, when due. any premiums on such
<br />inawattee provision for payment of which has not been made hereinbefore. All insurance shall he carried to companies A;-
<br />thereof shall he held by the Mortgagee and have attached thereto loss
<br />proved by the Mortgagee and the policies and renewals
<br />;Waabk clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by
<br />Mad W on Mat;aiarr, who may make proof of Mss if not made promptly by Mortgagor, and each insurance company con-
<br />for Ions directly to the Mortgagee instead of to the Mnrtgaatx
<br />cerned is hereby authorized and directed uT make payment such
<br />anal the Mtstaatoee )tointl%. and the insurance ptacced5. or any part thereof. may he applied by the Mortgagee at its Option tither
<br />L to the reduction of the indetbedness Perehy secured ear to the restoration Otte part of ft property damaged In event Of foredo -
<br />this maorijagir or other transfer of title to the mortgaged ptorterly in extinguishment of ihr tndehtcdness secured hereby,
<br />syre of
<br />all eight, title and interest of the Mortgagor in art! to am insurance policies then to force .hall pass to the rurchaser Or grantee.
<br />V That as addniortad and collateral security for the payment of the note descnbrd- and all sums ro t+ecomr due under this
<br />herrhs IO the Mortgagee all pioftts, revenues. rntalties. tights and henchts accruing to the
<br />mortgage, the Mortltaa+a atsigns
<br />Moripaaw under any and all +t: and gas iesscs on said premises. with the right to rr e!xr and receipt for the same and apply
<br />thern Pct said trxitistedttrss as well hefcrre as after default In the conditions of this mortgage, and ztoe MorIgagre may denartd, site
<br />fsrf .stet recLv,rf ans such nat mrfm when due and payable. hot shall not be rrquued so 1++ J,, rtas assignment is to %etminaie
<br />and heGrt,T1c " + +koj o,*d trlld} sir on icirike ''r this mortaaae.
<br />4W, 97143M 49, 791
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