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7s-•lstl~i38 To HAVE AND To HOLD the same unto the Mortgagee, as herein provided, Mortgagor represents to, and es~venants with, the Mortgagee, that the 3lortgagor has goad right to sell and convey said premises; that they are free from encumbrance, except as hereinothertivise recited; that the Mortgagor will warrant and defend the same against the lawful claims of all persons evhomsoevsr. 151artgagor hereby relinquishes all-rights of homestead, aIl-rnarita3 a-ights, either in lase er in equity, and all ether contingent interests of the Mortgagor in sncl to 1;he akwve-des4rii~ed prems',ges. YRtivtD;D ALSVAra; anu these Presents are execixted and delivered upon -the fallowing conditions, to 'wit: ~lartgagar agrees to gay to the Mortgagee, or order, the aforesaid principal sum with interest from date at the rate of 11~7.?]e and one halter centum {9, 5%) per annum an the unpaid balance unh`I paid. `£he said principal and interest shall be payable at the ofi;ee of N:ort~age Plus ZnCOrporat ed in Engl ease od $ Vol o redo , or at such other place as the holder of the note-may designate in writing delivered or mailed to the :Mortgagor, in monthly installments of Three-hundred Iv`ir#ety-eight 63j # ~~allars {$398.63 ),commencing an the first day of 1~'ebruary ,19 79: and cantiauingon the first day of each month thereafter until-said Hate is fully paid, except that, if not sooner paid, -the final payment of principal and interest shall be due and payable on the first day of January 2dCTg ;all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor further agrees 1. Ile will pay the indebtedness, as heeeinbefore provided. I'ris•ilege is reserved to prepay at any time, withoat premium ar fee, the entire indebtedness ar any part thereof not less than the amount of one -- installment, ar one hundred dollars ($100.(IQ), whichever is less. Prepayment in full shah be credited an the date received. Partial pregayment, other than nn an installment due date, need not be credited unlit the next fallowing installment dixe date or thirty days after such prepayment, whichever is earlier. 2. Together with, and in additiott to, the monthly payments of principal and interest payable under the terms of the note secured hereby, &fortgagor will pay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on t3ae first day of each month until said note is fully paid: (a.} 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, glue taxes and assessments next due an the mortgaged graperty {all as estimated by the-Mort gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by the numbet° of months to elapse before anµ month prior tc the data when such graur~' •°gxits, pzemiar-ts, taxes and assessments .~•ill became delinquent, such sums to be held by Alortgag~ in trust to pay- said ground rents, premiums, taxes and special assessments. (b) The aggregate of the amounts payable parsuant to subparagraph {a) and- theme payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the follow- ingitems inthe order stated {I} ground rents, taxes, assessments, fro and outer hazard iasuranee premiums; (u) interest oa the note seemed hereby ;and (azi) amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shaII, unless made good ley the I4lortgagoa• prier t~ the due date of the r~xt Ouch ~ yrnent, canstitsrte an event of defar~l under this mortgage. At Mortgagee's option, ~Iortgager will pay a "late charge".not exceed- ing four per eentum {~ ;~e) of any install nrent when paid more than fifteen (1~} days after the due date thereof to cover the extra expense involved in handling delinquent gaymeata, but such "late charge" shalt Hat 1}e payable out of the proceeds of any sale made to satisfy the indebted- ness-secured hereby, unless such proceeds are sutricientto discharge the entue indebtedness sad ail proper costs and expenses secured thereby. 8. if the total of the payments made by the Mortgagor under {a) of paragraph. 2 precetIir-g stiatl : exceed the amount of payments actually made by the Mortgagee, as trustee, far ground rents; taxes-and assessments or insurance premiums, as the ease may be, such excess shalt be credited by ate }kFOrtga~ee on subsequent payraenta to be made by the Mortgagor for sneh items or, at bYortgagee's option, as tru~ters,:- shall be refunded to Mortgagor. If, however, such manthiy payments shall not be safficie,.t to pay such it~ttts when the same shall became due and payable, then the Mortgagor shall gay to the Mortgagee, ds trustee, any amount necessary thr mane up the dartciency within thirty (30) days after written-notieefrom the Mortga~ stating the atttount of the def~:ieney, which native map-Ire given by mail. If at any time the Mortgagor shall tender is the Mortgagee, in accordance with the provisions of the note secured Hereby, full payment of the.~ntire indebtedness repreaentEd thereby, the Mortgagee, as trustee, stiaii; in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance aaeumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under arch of the,provisians of this nmrtgage resulting in a public sale of the premises covered hereby, or if the Mortgagee aciuirea the property otherwise r default, the Mortgagee, as tr-us#ee; shall aPP1Y, at the ti:.a cf t~~ sa~'~r~^s;r~:t of auk prcc.ings ~ a~`the tines ~'.~e prtr~erf.'S =s athetRFis~• asquir~:d, tJze atsannt then remaining to`credit She ~fiortgagor under {a) bf paragraph 2 gr~:eding>_aa a credit ~ the triter iecrued erisl unpaid sad the balance to the principal t`a:eti remaining unpaid on-said note. ~t. ~ he lie:: of this irastruenent sha4 remain in fciil force sad effect during any postponement or eaten- elan of the time of {iag-ment of;tlte indeptczdii cir anq part thereof secured 3iereby. ~. He will pair all f~round rents, taxes. assessments. ss-atc~r;rates, and-other gitverhments' .Y mumci- psl_charges, fines, or inipvsitoits, le=.vied: upon said ~r~Tniaesanu That he will paysli tam= ~r;ed upon this mortgage, or the debt sceuredtizeseby, together with env other taxes or assessments which may be levied ur a laws af?~Iabraskaagainst3he Il4ortgagse, ar the legal-holder of said prineipai note, on aocountof this,ipidebtedness, except when payment: fcr $li such items has theretofore been made tEnder {¢} of para- graph 2 hereof, and he svitl promptlq deliver the official receipts therefor to the Diartgagee. In default thereof the Mortgagee map pay the same.