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I (I) month prior to its due date the annual mortgage insurance premium in order to provide such holder with funds to pay such premium to the Secretary of Housing and Urban Development pursuant to the National Housing Act, as amended, and applicable Regulations thereunder; or (II) If and so long as said note of even date and this instrument are held by th~ Secretary of Housing and UrlianDevelopment, a monthly charge (in lieuofa mortgage insurance premium) which s\1allbeInan amount equal to one-twelfth (1/12) of one-half (1/2) per centum of tlte average outstanding balance due aD the note computed without taking into account delinquencies or prepayments; (b) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and. assessments nexplue. on the mortgaged property(all as estimated by the Mortgagee/lessaU sums already paid:therelordivided'by'the:' number of months to elapse beforc onc month prior to the date when such ground rents, premiums, taxes and assessments wi11 become delinquent, such sums to be held by Mortgagee in trust to pay said ground ren~s,pre- mlums, taxes'and special assessments; and . (c) All payments mentioned in the two preceding subsections of thiS'paragraph and all payments to be made'undOt' the note secured hereby shall be added together, and the aggregate amount thereof shall be paid by the Mortgagor each month in a single paymenl to be applied by the Mortgagee to the following irems in the order set forth: (I) premium charges under the contract of insurance with lhe Secretary of Housing and Urban Development, or monthly charge (in lieu of mortgage insurance premiuml, as the case may be; (II) ground rents, taxes, assessments, fire and other hazard insurance premiums; (IJI) interest on the note secured hereby; and (IV) amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by !heMort- gagor prior to the due date of the next such payment. constitute an event of default under tltis mortgage,' The Mortgagee may collect a "late charge" not to exceed four cents (4Jt) for each doUar($I) of each,payment,more than fifteen (15) days in arrears to cover the extra expense involved in handling delinquent payments, 3, That i I' the total of the payments made by the \Iortgagor under (bi of paragraph 2 preel.ding shall exceed the amount of payments actually made by the \Iongagee for l!round rents. taxes and assessments or insuranc,: pre- miums, as the case may be, such excess, if the loan is current, at the option of the Mortgagor, shall be credited by the Mortgaget' on ~ubsequent payments to be made bv the ~Iortgagor. or refunded to the Mortgagor, If, however, the monthly payments made by the Mortgagor under (bl of paragraph 2 preceding shall not be sufficient to pay ground rent. t.axes and assessments or insurance premiums. as the casp may be. when the same shall become due and pay. able, !hen the Mortgagor shall pay to the Mortgaget' any amount net'essary to make up the deficiency, on tlr beftlre tbe dale when payment of such ground rents, taxes, assessments or insurance premiums shall be due. . If at any time the Mortgagor shall tender to the Mortgagee, in accoroanc,' with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the Mortgagee shall. in computing ,the amount ofcsuch indebtedness; credit to the account of rhe Mortgagor all payments made under the provisions of (a) of paragrapb.2 hereof which the Mtlrtgagee has not become obligated to pay to !hebecrelary of Housing .mdlJrbanDevelopinent and an)' balance remaining in the funds accumulated under the provisions of (b) of paragraph 2 hereof, If thtlre shall be a default under any of tht' provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the \Iortgagee acquires the property oth,'rwise after default, the \Iortgagee shall apply, at, the time of the commencement of such proct'edings, or at the time the propt'rty is otherwist' acquired, the balance then remain- ing in the funds accumulated under (b) of paragraph 2 pret'eding, as a credit against the amount of principal then ,emaining unpaid under said note. and shall properly adjust any payments which shall have been made under (a) of paragraph 2, 4. That the Mortgagor will pay ground renh. taxes. a~sessments. water rates. and other governmental or municipal charges, fines, or impositions, for which proviSion has not been made hereinbefore, and in default thereof the Mortgagee may pay the same; and thar the Mortgagor will promptly deli"er the official receipts therefor to the Mortgagee, 5. The Mortgagor will pay all raxes which may be levied upon the Mortgagee's interest in said real estate and improve- ments, and which may be levied upon this mortgage or the debt secured hereby (but only to the extent that such is not prohi"it- ed by law and only ro lhe extent that such will not make rhis ioan usurious), "ut excluding any income tax, State or Federal, imposed on Mortgagee, and will file the official receipt showing such payment with the Mortgagee. lIpon violation of this under- taking, or if the Mortgagor is prohibited by any law now or hereafter existing from paying the whole or any portion of the afore- said taxes, or upon the rendering of any court decree prohibiting the payment by lhe Mortgagor or any such taxes, or if such law or decree provides lhat any nmount so paid "y the Mortgngor shall be ,'redited on the mortgage debt, the Mortgagee shall have the right to give ninety days' written notice to the owner oi the m,"tgaged premise>, requiring the payment of Ihe mortgage debt. If such notice be given, the said debt shall become due, payabte and Nllectible at the expiration of said ninety days. 6. That should he fail to pay any sum or keep any covenant provided for in this Mortgage, then the Mortgagee, at its op- tion. may payor perform the same, and all expenditures su made shaH be added to the principal sum owing on the above note. shall be secured hereby, and shall bear interest at the mte set forth in the said note, until paid, 7, That he hereby assigns, transfers and sets over 10 the Mortgagee, to be applied toward the payment of the note and all sums secured hereby in case of a default in the performance of any of the terms and ('onditions of this Mortgage or the said note, all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebted- ness shall remain unpaid; and the Mortgagee shall have power to appoint any agent or agents it may desire for the purpose of repairing said premises and of renting the same and collecting the rents, revenues and income, and il may payout of said in- comes all expenses of repairing said premises nnd necessary commissions and e .xpenses incurred in renting and managing the sanie and of collecting rentals therefrom: the balance remaining, if any, to be applied toward the dischargeof said mortgage indebtedness, 8, That he will keep the improvements now existing or hereafter erected on the mortgaged property, insured as may be required from time to time by the Mortgagee against loss hy fire and other hazards, casualties and contingencies in such amounts and for such periods as may be required by the Mortgagee and win pay promplly, when due, any premiums on such insurance provision for payment of which has not been made hereinbefore. All insurance shall be carried in companies ap- proved by the Mortgagee and the policies and renewals thereof shaU be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to lhe Mortgage.e. In event of kJSS Mortgagor will give immediate notice by mail to the Mortgngee, who may make proof of loss if nol made promptly oy Mortgagor. and each insurance company con- cemed i. hereby authorized and directed to make payment for slIch loss direclly to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, <'r any part thereof, may be applied by the Mortgagee at its option either to the reduction of the indebtednes;; hereby secured or tQ the restoratiQn or repair of tile property damaged, In event of foreelo, xure of this mortgllll,e or other transfer of title to the mortgllged property in extinguishment of the indebtedness secured hereby, all right, title andinu,rest of the Mortgagor in and to any insu,ance policies then in force shall pass 10 the purchaser or grantee. 9. That as additional and collateral security for the payment of the note described, ,md all sums w becon)e 9.ue under this m<>rtaa&e, the ~lortgagor h"reby assigns \(l the Mortaa&ee all profits, revenues, royalties, rights and bene'lts 'uQcruing to the MOf1&tl/lor under any and all oil and gas leases on said premises. with the right to receive and teeelpt for the saine and apply them to ,..id indebtedness a, well before as after default in the conditions of this m'''!guge, and the Mortgagee may demand, sue fot and rC\..'t.wc:t ;my such paynH:-nt'J when due and p.ayable. but sha.1I not be required )0 h) do This a~signm('nt is to terl1linate, ~nd becu.m4: Hull and v-oid u~)O r~dca"e "f lhi~ nl,)rt~~, 3 f>-L r nf} ......E8 HUtl-ll':tt4JM 19,791