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r 84 _906844 All such payments described in this paragraph shall be,held>1:)Y Z,lortgagee i:Jb:~u. but without accruing or without any obJ.iCjJ... arising for the payment of interest thereon. Arlsuch~ym~ be added together with the payments required to be madeun~~Ji' Note secured hereby and the aggregate amount thereof sh.l1.~' by Mortgagor each month in a single payment to be applied>~ Mortgagee to the following items in the order set forth: fir assessments, fire, rental value and other insurance premiwnsffii.)< .i interest on the Note secured hereby; (iii) amortization ofthe'princi.:,..... pal of the said Note. Mortgagee shall have the right to make any such payment notwithstanding that at that time any such tax or assessment, is then being protested or contested by Mortgagor unless notlesstban forty-five (45) days prior to the due date thereof, Mortg<agorstiall have notified Mortgagee in writing of such protest or contest, in which event, as the case may be, Mortgagee shall make such payments under protest in the manner prescribed by law or shall withhold such payment, provided, however, that such contest shall preclude enforce,..... ment of collection and the sale of the said property in satisfaction of such tax assessment. In the event such protest or contest shall. or might result in penalty or other charges, Mortgagor shall likeWise --------deps.sit monthlY-PX'-O-=r~-hE;,L.arnount of -"ny sllch pena1.t..~_additiC)nfl1.",-"_,, charge. In the event of a sale of the said premises, any such fund,S then on deposit with the r,tortgagee, automatically and with- out the necessity of further notice or written assignment, shall be transferred to and held thereafter for the account of the new owner to be applied in accordance with the foregoing. Any deficiency in the amount of any such aggregate monthly pai~ent shall constitute an event of default hereunder then, the whole of such principal sum shall immediately become due at the option 0 the Mortgagee. Any excess funds accumulated under paragraph (a) above remaining after payment of the items therein described shall be credited to the subsequent monthly payments of the same nature required thereunder; but if any such item shall exceed the estimate therefor, Mortgagor shall, without demand, forthwith make good the deficiency. Fi!ilure to do so before the due date of such item shall be a default hE~reunder and the whole of the same principal sum shall immediately become due at the option of the }lortgagee. If the premises described herein are sold under foreclosure or are other- wise acquired by the 1oI0rtgagee after default, any remaining balance of the accumulations under subparagraph (a) above shall be credited to the principal secured hereby as of the date of the commencement of foreclosure proceedings or as of the date the title to the said property described herein shall be otherwise acquired. ~l\ "" l