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To Have Aad To Hold the same, together with al! and singular (a) A sum equal to the ground rents, if any, next due, plus the
ihe tenements, hereditaments and appurtenances thereunto belong- premiums that will next become due and payable on policies of
ing or in anywise appertaining, and the reversion and reversions, fire and other hazard insurance covering the mortgaged property,
remainder or remainders, rents, issues and proCts thereof; and plus taxes and asscssments next due on the mortgaged property
also all the estate, right, title, interest, homestead, separate estate, (all az estimated by the Mortgagee) less a!1 sums already paid
possession, claim and demand whatsoever, as well in law as in therefor divided by the number of months to elapse before one
eyuity, ot tfie said Mortgagor in and to the same, and every part month prior to the date when such ground rents, premiums, taxes,
thereuf, with the appu~tenances of the sa"sd Martgagor is? and to and assessments wiil become delinquent, such sums to be held by
ihe same, and every part and parce! thereof unto the said Mort- Mortgagee in trust to pay said ground rents, premiums, taxes, and
gagee in fee simple. special assessments; and
And the Mortgagar hereby covenants with the Mortgagee that (b) All payments mentioned in the preceding subsection of this
he is indefeasibly seized of said land in fee simple; that he has full paragtaph and all payments to be rnade under the note secured
power and lawful right to convey the szme in fee simple as herebp shall be added together and the aggregate amount thereof
aforesaid; that it shall he lawful for the Mortgagee, at all times shall be paid by the Mortgagor each month in a single payment to
p?aceably and quietly to enter upon, hofd, occupy, and enjoy said be applied by the Mortgagee t~ the following items in the order
land, and every• part thereof; that the land is and wilt remain free set forth: ,
from all encumbrances; that said Mortgagor will make such fur- (i) ground rents, taaces, assessments, fire and other hazard in-
ther assurances to prove the fee simpte title to said land in said surance premiums;
1lortgagee as may be reasonably required, and that said Mort- (ii) interest on the note secured hereby;
gagor dces hereby fully warrant the title to said land, and every (iit) amort'szation of the principa~ of said note;
par[ thereof, and will defend the same against the lawful clairns of (iv) late charges.
all persons whomscever.
Provided always, and these presents are executed and delivered Any deficiency in the amount of such aggregate munthly pay-
upon the fotlowing conditions, to w•it: ment shall, unlas made good by the Mortgagor prior to the due ~
The Mongagor agrees to pay the Mortgagee, or order, the principal date of the next such payment, constitute an event of defauit I
~um of „ under this mortgage. The Mortgagee may collect a"late charge"
~:~XT t: E;~E~1 THOUSH?`!D TWU Hil~lL~F~E~i not to exceed four crnts (4a) for each dollar (SI) of each payment
~ TF- ~ f~i,~~ ,..j~~~ ~ more than fifteen (l5) days in arrears to cover the expense involv- ,
~ Dollars (S ~ ~ -,~Q } ed in handling delinquent payments.
k a; evidenced by a note of e.~en date herewith, wit~?~interest from 3. That if the total of the payments made by the Mortgagor
; ~iate at the rate of T~~~ under (a) of paragraph 2 preceding shall exceed the amount of
` payments actually made by the Mortgagre, for ground rents, taxes
~ ~er centum ( °'o), per annum on the unpaid and assessments and insurance premiums, as tfie case may be,
; ?ijC7 such excess, if the loan is current, at the option of the Mort a or,
halance until pai . The said principal and interest shali be payable g g
at the office of shall, be credited on subsequent ~aymrnts to be made by the
j ,~(l!
1('H~~,;;T ~1]~.:Tt,A~~E G(.14~SF'H~!'z Mortgagor, or ret'unded to the Mortgagor. !f, however, the
Ni ~i Fi ~i I. F L C~ I r~ H:~ 3 5~ ~ monthly payments made by the Mortgagor under (a) of paragraph
2 preceding shall not be sufficient to pay ground rents, taxes and
assessments and insurance premiums, as the case may be, when
; ~~r at such other place as the hotder of the nore may designate in the same shali become due and payable, then the Mortgagor shali
~ rit~ng, in monthly installments of pay to the MoRgagee any amount necessary to make up the defi-
ciency, on or before the date when payment of such ground rents,
~ i-:i.'.' ~ H ~J ~~D F: E~ U~ I r? A i~ I'i i~ i S n~~ taxes, assessm~nts, or insurance premiums shall be due. 1 f at any
€ o lars (3 ~qG . i l time the Mortgagor sha11 tender to the Mortgagee, in accordance
~ ~ommencing on the first day of , 19 , with the provisions of the note secured hereby, fa{I payment of
FE~RUF~fiY 9C~
~ ar:d on the ferst day of each month t ereafter untii the principal the entire indebtedness represented thtreby, the Mortgagee shall,
~ in cemputing the amount of such indebtedness, credit to the ac-
, and interest are fully paid, except that the final payment of prin-
s count of the Mortgagor any balance remaining in the funds ac-
~ ~ipal and interest, if nat sooner paid, shall be due and payable on cumulated under the provisions of (a) of said paragraph 2. If
the frst day of 4~F'~f~ ~~HR" '?~?r,•~ there shall be a default under any of the provisians of this mort-
s .~nd shaU dufy, promptly, an~ fuliy perform, discharge, execuie, gage resulting in a public sale of the premises covered hereby, or
' effect, complete, and correpiy with and abide by each and e~ery if the Mortgagee acquires tfie ptoperty otherwise after default, the
~ ~he stipulations, agreements, conditions, and covenants of said Mortgagee shall apply, at the time of the commencement of such
~romissory note and of this mortgage, then this mortgage and the proceedings, or at the same time the property is otherwise ac-
e,tate hereby created sha{I cease and be nnll and void. quired, the balance then remaining in the funds accumulated
And the Mortgagor further coveaAnts as follows• under (a) of paragraph 2 preceding as a credit against the amount
' of principal then remaining unpaid under said note.
1. That he will pay the indebtedness as hereinbefore provided.
Privilege is reserved to pay the debt, in whole or in part, on any 4. That he w~ill pay all taxes, assessments, water rates, and other
installment due date. governmental or municipai charges, fines, or impositions, for
; w•hich provision has not becn made hereinbefore, and in default
2. That, in order more fu11y to protect the security of this mort- thereof the Mortgagee may pay the same; and that he will
gage, the Mortgagor, together with, and in addition to, the promptly deliver the official receipts therefor to the Mortgagee.
month!y payments under the terms of the note secured hereby, on
ihz first day of each month until the said note is fully paid, will
nay to tne Mortgagee the fottowing sums:
a00K PACE2~74 s~$ PACf 7~
ao~x 1 2
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