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<br />(b) A sum equal to the ground rents, if any, next due, plus the premiums that will next become ire 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 (all as evimered by the ,M1ortMce) 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 beccam delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pre -
<br />miurrts, 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 aggregate amount thereof shall he 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:
<br />(lit ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(111) interest on the note secured hereby, and
<br />t1V) amoruzatgm of the principal of said note.
<br />Any deficiency in the arnount of any such aggregate monthly payment shall, unless matte good by the Mrnt-
<br />gagor prior to the due date of the next such payme•.I. cvo,strtute an event of default under this mortgage The
<br />Mortgagee may collect a "late charge" not to exceed ii,cr cents tgrrl for each doliar (51) of each payment more
<br />than fifteen (1510;;.% s in arrears to cover the extra expense involved in handling delinquent payments.
<br />S. That if die total of the payments made ht the Vortga,tor under (b) of paragraph 2 preceding -hall exceed
<br />the amount of payments actually made by the Mortgagee for _•round rent., taxes and assessments or insurance pre-
<br />miums, as the case max be. 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 />^ronthly payments tirade In- the Mortgagor under (h) of paragraph 2 preceding shall not be sufficient to pay ground
<br />rent, taxes and assessments or insurance premiums. as the cane may be. when the same shall become due and pay-
<br />able then the Mortgagor :hall pay to the Mortgagee any amount necessary to make up the deficient-y, 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 lortgagee, in accordance with the provisions of 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 7kX Ci�lS�i[j l
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<br />?{ 7iHdCailLKllgffUWfYCxo11111K1t�611• lE 1t11t1�tKIlMlC1l46lfiBif60�U1f (61 of paragraph 2 hereof. If there
<br />shall be. a default under any of the provision- of this mortgage resulting in a public sale of the premises covcre•d
<br />hereby, or if the Mortgagee acquire.- the property otherwise after default, the Mortgagee shall apply, at die time of
<br />the commencement of such proceedings. or at the time the properG is otherwise acquired. the balance then remain-
<br />ing in the funds accumulated under /bi of parag.rrph 2 preceding, a- a credit against the amount of principal then
<br />remaining unpaid under maid Wort• K>ltyd lfli�I)p�ttgKifiiX7414M? IOC% d( dCK7( Vlpf9fl( )t]i0itdl(lFllil?lCIRlC :1�)�NAi N{7(f7�KR9(r
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<br />9. That the Mortgagor Hill pat ground rent,. taxes. assessments, under rate,. and tither goxernmenud ,v municipal
<br />charges. fines. or impo,iiions. for uhash pro%t.lon ha, no! been made heretnbefore, and in default thereof the Mortgager mar
<br />pay the same: and that the Mt-ii got u ill promptiv deli „cr the official receipt, therefor to the Mortgagee.
<br />y. The Mortgagor "ill pay ill Taxes uhrch may be levied neon the 'Mortgagee's interest in said real e,t:ae :and Tmprote-
<br />menis, and which may be levied upon this mortgage or the dcht secured hereby (hut only to the extent that such n not prohibit-
<br />ed by law and only to the extent that such will nor make this loan u,uriou,T, but excluding any income tax. State or f=ederal.
<br />imposed on Mortgagee. and will file the official receipt shoo mg such payment with the Mortgagee. Upon violation of this under -
<br />laking. or if the Mortgagor is prohibited by any law now or hereafter existing from paying the ryhole or any portion of the afore-
<br />said taxes. or upon the rendering of any court decree prohihiiing the payment by the Mortgagor or any such taxes, or if such law
<br />or decree provides that an} amount so paid by the Mortgagor shall he credited on the mortgage debt. the Mortgagee shall have
<br />the right to give ninety drys' written notice to the owner of the mortgaged premises. requiring the payment of the mortgage
<br />debt. If such notice be given. the card debt shall become due. payable and collectible at the• expiration of said ninety days.
<br />& That should he fail to pay any sum or keep any covenant provided for in This tvtongage. then the Mortgagee. at it, tip
<br />born, may pay or perform the same. and all expenditures so made shall he added to the principal sum oumg on the above note.
<br />shall he secured hereby. and shall hear interest at the rate set forth in the said note. until paid.
<br />That he hereby assigns. transfers and sets over to the 'Mortgagee, to be applied toward the payment of the note and all
<br />sums secured hereby in case of a defauh in the performance of any of the term, and conditions elf this Uotlgagc or the said
<br />note, aft the rents. revenues and income w he derived from the mortgaged premises during such time as the mortgage indebted-
<br />ness shall remain unpaid; and the Mongagee shall have power to appoint am agent or agent-., it may de,ire for the purpose of
<br />repairing said premises and of renting the same and collecting the rents. revenues and income. and it mal. pat ,,rut of said in-
<br />comes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom; the balance remaining, if any. to be applied toaiad the discharge of ,aid mortgage
<br />indebtedness.
<br />ft That he will keep the improvements noA existing w hereafter erected on the mortgaged property, insured a, max he
<br />required from time in time by the Mortgagee against loss by fire and other hazards. cawalttes and conitngencae, in such
<br />amounts and for ouch periods as may he required by the Mortgagee and will pay promptly. when due. any premium, on such
<br />insurance provision for payment of which has net been made heretnbefore. All msurance shall he .tarried in companies ap
<br />proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached Therrh,Jo„
<br />payable clauves to favor of and in form acceptable to the Mortgagee In event of loss Mortgagor will gtve Immediate notice by
<br />mart to, the Mortgagee. who may make proof of loss if not made prompth by Mortgagor, and each Insurance ronipariv c,,n-
<br />cerned is hereby authorized and directed Ito make payment for such loss drrectlt to the Mortgagee instead tit to the Mortgagor
<br />and the Motgagse loiatly, and the rnsurancr proceeds, or any part thetrol . may be applied by the Mortgagee at it, option either
<br />to the reductirm of the indebtedness hereby secured or to the restoration or repair of The property damaged In c vent of force io
<br />sure of this mortXatteor other transfer of title to the mortgaged property to exUngtiv hmrnt of the mdebtrdnes, srcurrd hereby.
<br />All right, title and interest of the Mortgagor in and to at'» insurance policies then in force shall pass to the pure fwwl or grantee
<br />4 That at addirnrnal and collateral security for the payment of the note descrthed. and alt sums to hecomr due undrr this
<br />mantiap, the Mortgagor hcteby assignk it, the Mortgagee all profits. revenues. royalties. right, and henelti, accnnng to the
<br />4tornttager under arev and all rat and lea+ lea,es on said ptemisex, with the right io recritr :and receipt for The samc and apply
<br />thee” to card tesdrl,tcdrrts as Act! hric,re ax afire defaull in the condhu,ns of this rn, 01r;Igt na the Mo+!r.,rrrr man dtmztxf, skit'
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