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I" 83-00266: (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 tile Secretary of Housing and Urban Development pursuant to tbe 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 the Secretary of Housing and Urban Development, a monthly charge (in lieu of a mortgage insurance premiumi which shall be in an amount equal to one-twelfth (1/12) of one-half (1/2) per centum of the average outstanding balance due brt the note computed without taking into account deiinquencies or prepayrnents~ (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 next due on the mortgaged property {all as estimated by the Mortgagee} less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to he held by Mortgagee in trust to pay said ground rents, pre, miums, taxes and special assessments; and (c) All payments mentioned in the two preceding subsections of this paragral'h and all payments to be made under the note secured hereby shall be added together. and the aggtegate amount thereof shall be paid by the Mortgagor each month in a singIe payment to be applied by the Mortgagee to the following items in the order set forth: (l) premium charges under the contract of insurance with the Secretary of Housmg and Urban Development, or monthly charge (in lieu ofmortgaj?e insurance premium), as the case may be; (II) ground rents, taxes, assessments, nre and mher hazard insurance premiums; (Ill) interest on the note secured bereby: and (IV) amortization of the pnncipalof said note, Any det1ciency III the amount of any such aggregate monthly payment shall, unless made good by the Mort- gagor prior to the Jue date of the next such payment. ....l>ilstitute an event \)1' def~lUlt under this mortgage. The Mortgagee may collect a "late charge" not to exceed limr cents (4~) for each dollar ($ I) of each payment more than ftfteen (15) doys in arrears to cover the extra expense involved in handling delinquent payments, :" Thai if th.. total of the payment~ madp hy th.. \Iortgagor undm {hi of paragraph ~ preceding shall exceed the amounl of payment..,; actually mnde hy the \lortga!!..e for !!round renlS, laxes and assessments or insurance pre- miums, as the Cll.."" may be, such excess, if the loan is CUITem, at the option of thc Mongagor, shall be credited b} the \!ortglll!el' on subseq",mt payments l() hp made by th.. \Iongagor, or refunded to the \Iortgagor, If. how,'ver, the ""'nthly payments made by rhe Mortgagor under I hi of paragraph 2 prec~-ding shall not be sufficient ro pay ground rent, taxes and a.ssessmeni~ or insuranet"' premium~~ as the ('u.....H... may t)(.~, wht\1l the :-.ume ~hall become due and pay- able, then the \lortglll!or shall pay to the \1orll(ag.... any amount n""l's~ary 10 makl' up the dl'ficiency. on or before the date when paymenl of ~Ut~h ground rents. luxe!'"., as~es~ment~ or in~uranc.'(' prt'miums ~hall be due. If at any time the Mortg'4!Or shall lend", to lhe \lortgage". in alTorda",:" with the provi:,;ionH of (h" no Ie ~ecured hereby, full payment of the entire indebtedneH" rl'pres"nh.d thereby. till' Mortglll!pe ~hall, in ,'omputing the amuunt of such indebtedness. credit to the ,K'count of the Mortgagor all payments n!<tde under lhe pr'H"SlllDS of (ai of paragraph 2 hereof which I,he Mortgllgee has not I",,'ome oblil(ated to pay to Ihl' N'crelary of 1I01lsing and Urb:m Development and allY balance remaininll in thl' funds aCI'omulat,'d und", Ihe provi~ions of (h) of parallraph 2 hereof. If th!'Te shall be a default und,'r any of Ihe I"tHiHion:,; of thb mortllag'> r('Hultin/! in a public salt. of [he ptemis"s euveflld hereby, or if the Mortgagl'(, ucquin'6 the prop,'rl\' othe,wi~e aft", dl'l'ault, tl", \lortgag"" Hhall apply, ul Ihe lime of the eontment'ement of ~ut.'h pro(~et.~din~~, ur al 1,IH~ t,inll~ the prOpl~rty t,"'; olhHrwbp ae{tuin:~d, thl~ balance lht"n I'emain~ ing in the funds a"t:umulated ontler (I,) of l)ar"l(raph ~ p,,'('(.ding, ;1,.., a ,'n'di I again..,t th,. amounl of prin(.ipal then remaining unpaid wlder Haid rlOl(', and ,-hall p"'perly "dju..,t an). paym,mts whieh shall haH' been made under (a) of parlll!"'l'h 2. 4. That the Moflgagt.)r wilt pa} ground r~nb. lax~~, a'''''c:-~''imenh. Wi.tlcl" rates. and other governm~n{al or municipal charges. fines. or impdsiti\ms, for v.hl\:h provision h..h nul been made hereJnhefor~. and in defauh thereof the Mortgagee may pay lhe same; and that the Mortgagor will promptly deliver the otlicial receipts therefor to the MOrlgagee, 5. The Mortgagor win Pit, aU taxe-~ whi~h may he levi~d upon the Mortgagee' ~ Hlterest in said feul estate and improve~ ments, and whi.;h may t>e levied Ul"lll th" nl\lrtgage or the debt secured hereby (but llUly tu the extent Ihat such is not pruhibit- ed by law ;;md only to the exttot that 'lu(h v.iH nul nHike this Joan usurious). hut excluding ,my income tax. State or Federal. imposed on Mortgagee. and will file the official re,"'pt,howing su.;h paymeOl with the Mortgagee. Upon violation of this under- taking, or if the Mortgagol' is proh.ttited h} any !iliA now or hereafter existing (rom paying the- .....,hole Dr <Iny p~lrtion or the ufore- said taxes, or upon the rendering of any ,'ourl decree prohibiting the payment by the Mortgagor or "ny such taxes, llf if such law or decree provides that any amount so paid by the Mortgagor shall be cledited on the mortgage debt. the Mongagee shall have the right to give ninety day~' writhm noti(:c to tht: \Jwn<r ,Jf the mortgaged prcmise:s, requiring the payment uf the mortgage debt. If such notice be given. the said debt shall become due. payable and cl)lIectible at the expiration of said ninety days, 6, ThaI should he fail to pay any sum or keep any cov"n atll provided f(>r in this Mortgage, then the Mortgagee, at its op- tion, may pay or perform the same. and all expenditures so made shall be added to the ptincipal sum owing on the above note, shall be se.;ured hereby, and shall bear inlerest at the rate set forth in the said note. until paid, 7. That he hereby assigns. transfers and selS over to the Mortgagee, to be applied ll>ward the payment of the n(lle and all sums se.;ured hereby in case of a default in the performance of any of the terms and conditions of this Mortgage or the said note, all the rents. ,evenues and income to t>e derived from the mortgaged p,emises during such time a; the mortgage indebted, ness shall remain unpaid; and lhe Mortgagee shall have power to appoint any agenl or agents it ma) desire for the purpllse <If repairing said premises and of renting the same and colle.;ting the rents, revenues and income, and it may pay <)ut of said in, comes aU expens..es of repairing said premi~es and necessary commissions and e.\pens.es incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mllrtgage indebtc:dness., 8, 'fIu1!, he will keep the improvements now existiag or hereafter ere.;ted Oil the mortgaged property, insured '" may be required from time !(l time hy the Mortgagee against loss by' fire and other haLard,. casualties and contingencies in such amounts and for su.;h perit>ds as may be required by the Mortgagee and will pay P"'Illpt!y, when due, any pn'Illiums ,HI Sudl insu.rance provision for paymenl of which has n,)[ !x:en made hereinbefore, All illsurance shall be ,'arried in wmp;!ni,', ap- proved by Ihe Morlgagee and the policies and tenewals thereof shall be held by Ihe Mortgagee and ha'e attached therel<> i"s., payable clauses in fAVor, Qf and in form acceptable to the Mortgagee. In event of loss M()rt~lgor \\ in gh'c imml.'Jiale fhJtk:e by IlI1lU tl) tbl! M(lftgagce, wh" mn make proof of loss if not made promptly by Mortgagor. and e"eh i'lSur"ncc company COll- eemed is hereby autllorized and direcled I,) make paymenl for such loss directly 10 the Mortgagee instead of to the "lortgas", lOIld the Mortpsee jQinUy. and Ihe insurance p",ceeds, or any part thereoL may be "pplied b)' the Mortg"gee "t ih ,'plion either tll thereductlOll oftlte indehtedness hereby secured or to the restorali!ln or repair of the prllpeny damaged, In e'ent ,.f foredo, sure otth/l; 1llOI'~ or <>th<:rtranster of title to tll< mortgaged property in extinguishment of the indentedn,'" s<,cur,,,j herd'.)', "'Irlght. title andlnterest ut the MOT!!l',g()t in and to any insurance polkies then in force ,hall 1''''' to rhe purl'h",er I.r ll",ntee 9. That a. additional and .;ollateral security (or the payment of the n,)te descnhed, and all SlIO" 1\1 becI""e due under Ihi- lllQr~.. tbe MortPllOf hereby asslgns 10 lhe Morlgage. alll'rofits. revenues, royaltiev, righls allll h,nefil' aCl'ruinli, jo .he M~ under My and all "i!and gas lease. (Ill .,.id premises, Wilb the right to recel\e allll rec(ipt for lhe s.Hne and al'pl, tht.tn If)...i<l ilidebledneu.,,' well bef"u a\ after defaillt in the conditions of this "'ort!!age, and the Mlln~a~ee """ dem,,,,,!' 'lie f{)f tL'ld r-t(:(tver- MY .utf$ paymcnt$ when duc a.nd payable. but shaH no!: he required 5,0 f{l d.\ lnt-.; :1"..i-gnml'IH i... hi ft"nmi\;J1t; and become null and void up(rn rete;,'e of Ihi. mortlitl\llt HUi~92f4'l1"~' ~~'l !q~