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I 83~ ulJ4564 (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 r (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 ola mortgage insurance premium) which shall be in an amount equal to one'twelfth (Ifl2) of one,half (I/2) per centum of the average outstanding balance due on 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 next due on the mortgaged property (all as estimated by the Mortgagee) less 011 sums already paid therefor divided by the number of months to elapse before one month prior to the d;:.rc when such ground rents, premiums, taxes and assessments will become delinquent, such sums (0 bc held by Mortgagee in trust (0 pay said ground rents, pre, miums. taxes and special assessments; and (c) All payments mentioned in the (wo preceding subsections of this paragraph and all payments to be made under the note secured hereby shall be added together. and the aggregate amount thereof shall be paid by the Mortgagor each month in a single payment to be applied by the Mortgagee to the following Items in the order set forth: (I) premium charges under the contract of insurance with the Secretary of Housing and Urban Development, or monthly charge (in lieu afmortgage insurance premium), as the case may be: (II) ground rents, taxes, assessments, fire and other hazard insurance premiums: (Ill) 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 the Mort. gagor prior to the due date of the next such paymcnr. CUllstitute an evem of default under this mortgage_ The Mortgagee may collect a "late charge" not to excceJ fllur (cnts (4st) for each dollar (S I _) of each payment more than fifteen (15) l!ays in arrears to cover the extra expense involved in handling delinquent payments. ~ :J. That if the total of tbe payments made bv the \lortl(agorunder rhi of paragraph ~ preceding ,hall exceed the amount of payments aetually made by the \lortga.!!('e for ground renb~ taxes and assessments or insurance pre- miums. 35 the C35e may be, such excess, if the loan is currenr, at the optioo of rhe Mortgagor, shall be credited b) thB \lortgagef' on subsequent payments to be made by lh(' \Iortg-agor. or refunded (0 the '\lortgagor. I f~ hO\'\.'('\,(-'r. t-hf' monthly payments made by the Mortgagor under II>) of paragraph 2 preceding shall nor be sufficient to pay ground rent~ taxes and assessments or insuranl'-l" pr(>mium~. as the case may be. when the ~ame :-;hall bet'orne due and pay. able. then the \-lortgagor shall pay to the \lor1,gagee any amount nl'n~~sary 10 make up thH deficiency. on or before the date when payment of such ground renls. taxes, assessments or insurant'c premium,:;. ~hall be due" If at any time the \1ortgagor shall tender to tht' \lortgage{~. in aceordant'(' with lh(' provi~ion~ of tfw note :-;pcured hereby. full payment of the entin~ indebtedne~s represented thereby. thE.' \Iortgagee- ~ha[L in eomputing tht~ amount of ~uch indebtedness, credit to the account of the Mortgagor all payments made under the prO\-lSlOnS of (,I) of paragraph 2 hereof which the 'lortgagee has not become- obli~ated to pay 10 the ~('t'r(>-{ary of Housing and t'rban Development and any balance remaining in the funds accumulated under the provisions of 1 I>i of par-a/(raph ~ hereof. If there shall be a default under "my of the provi~ion:, of tnb murtgagp rt':-,ulting in a publit' -ale of (he prt.'mi~p~ CO\'t'rpd hereby, or if the \lortgagee acquire:::; the property otherwbp after dt~falllL Iht, \lungag('(' :--haU apply, at th" timp of the commeneement of such proceeding~. or at lhe tirot> (he property i.-;. othp-rwisp acquired. the balanl't> {hen remain- ing in the funds aceumulated under (I,) of paragraph 2 pret:eding. a~ a ('redit a~ain~t. lilt, amoun( of prineipal then remaining unpaid under said note. and shall properJ~' adju~t an~ {Jayme-nb \\hi<'h :-:hall ha\'{~ bpt."n made under (a) of par~raph 2. 4. That the Mortgagor will pay' ground rents. laxe~. aSSrssments, \\i;lll;f rates, and l1ther governmental or municipal charges, fines, or impositions. for whil:h provision has not been made hereinbefore. anti in default (hereof the Mortgagee may pay the same; and that the Mortgagor will promptly deliver the 'Jfficial reLcipts thereftlr to the ivfortgagee. 5. The Mortgagor will pay all taxes which may he levied upon the Mortgagee"" interest in said real estate and impftlve~ ments, and which may be levied upon this mortgage or the deht secured herehy (OllI only lo the extent that slIl.:h is not pn)hibit. ed by law and only to the extent that such will not make this Joan lIsurilHlsL bllt exduding any incolne tax, State or Federal, imposed on Mortgagee, and will file the llfficial receipt showing ~uch payment with the Mortgagee, l!p\)O \ i\'!atill(l of this ulH.ler~ taking, or if the Mortgagor is prohibiled by any law now or hereafter e,\i~ting from paying the \\hole t1[ any portion of the afore- said taxes, or upon the rendering of any court decree prohibiting the payment hy the Mortgagor t)f an)' :..lh.:h taxe~, or if such hm or decree provides that any amount so paid by the Mortgagor shall ne I.'redited on the mortgage deht. the Mortgagee :"\hall have the right to give ninety day's' written notice to the owner of the nh..Hlgageu premises, requiring (he pay'ment of rhe n1IJrtgage debt. If such notice be given, the said debt shall become due, payable and t'tlllectibk at the expiration of said ninety days, 6. That should he fail to pay any sum ur kct:p ao) covendnt (Jf\hlJed for in this Mortgage, then the rvlortgagee, at ib l)P~ tion. may payor perform the same. and all expenditure~.so made shall be added to the principal sum owing on the al:1o\-'e ollte, shall be secured hereby, and shall bear interest at the rate set forth in the said note, until paid. 7. That he hereby assigns, transfers and sets over [Q the Mongagee. to be applied toward the paymem t)f the nOle llnd all sums secured hereby in case of a default In the performance of any of the terms and conditions of this !\:1ongage l)[' the said note. all the rents, revenues and income to be derived from the mortgaged premises during such time as the nl\.)rtgage indebted- ness shan remain unpaid; and the Mortgagee shall have power to ~tppoint any agem or agents it may desire for the purpusc of repairing said premises and of renting the same and collecting the rents. re\'enue~ and income, and it may payout of said in~ comes all expenses of repairing said premises and necessary commissions and expense~ incurred in renting and managing the same_ and of collecting rentals therefrom; the balance remaining, if an" to be applied toward the discharge of said mortgage indebtedness. 8. That_ he will keep the improvemenb nQW existing or hereafter aected on the mortgaged property, in~ured i-l:\ may be required from time to time by the Mortgagee against loss by lire and other hazards. casualtie~ and contingencies in slll."h amounts a~d for such periods as may he required by the Mortgagee ilOd w'iI! pay promptly, when due. an} premiums on SlH.:h 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 shall be held by the Mortgagee and have attaL'hed thereto 10::-.::- payable clauses in favor of and in form acceptable to the Mortgagee, In event (1f loss ~,r1ongagor will give immediate nutice DY mail to the Mortgagee. who may make proof of loss if not made promptly by Morlgagor, and each insurant'c \.~ompany (~)n- cernedi~ herel!y authorized and directed to make payment for such loss directly to the Mortgagee instead oj" to the Mortgagor and_the MQrtgagee jointly, and the insurance proceeds. or any parlthcreof. may be applied by the Mortgilgec at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of fore~:lL)- SUfe of this ,mortgage.or other trans(er of title to the mortgaged property in extinguishment of the indebtedncs~ ~cLlIreJ here-b}, . all right, title and interest of the Mortgagor in and to any insurance policies- then in force shall pass to the pun.:hasl'r or ~rant~e, 9; That as ,additional and collateral security for the payment of the note described, and all sum:- to b~t.:omc due unJcr thi~ mortgage. the, Mortgasor hereby assigns to the Mortgagee all profits, revenues, rO~lallit's, rights and benetib '-il:nuing to the Mortgagor under any and all oil and gas leases 00 said premises, with the right to receive and re..:eipt for the same ~II1J apply them to said in4ebtedness as wen before as aCler defauJt in the conditions of this mortgage, and the Mortgagee ma) demand, ~Ilt' for and recover any such payments when due and payable, but shall not be required '50 to J\l This as'!'>ignment h fll tenniniltt' and become null and void upon rele"se of thh lllortgage. l-HJD":)214,-'f.,.~ (U-!\))