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<br /> Borrower a�sd I.cade�covenant aod a�rer�s I'ollaws: or i1'thc Lendrr acyu�res the property otherwise afte�defauh,the
<br /> r 1.7'hat Har�awer will ����a��aPP�Y.ut the time nf the commertt;emeni af�uch �
<br /> pay Ihe mdebtedness,as hereint�efare proceedings,nr at the time the p�openy is other:�isc scquirc�,the
<br /> � Fratidrsl.Privilrg�is resc�v2�io pay thc debt in whale a�io part on balance then rem�i�init in the funds accumulaterl unctrv{a�of
<br /> aZy irtsts!lm.st t3u;,datc. paragraph 2 preceding,as a credit against the amount af p�incipal
<br /> 2.That,tagether with,aad in additian to,the monthly paymeots �£n remaining unpaid under said note.
<br /> � af princip�l and interest payable under the terms of the note secured 4. That the Borrawer will pay ground rents. taxes.assessments,
<br /> heroby,the Bonower will pny to the l.ender,on tho Grst duy af each wate�rates,and other governmenul or municipal charges,fines,or
<br /> month until the said notc is fully paid,the following sums: impositions,for which provision has not been made hereinbePore,
<br /> and i�default the�eof the l.ender may pay the same;and that the
<br /> (a)A sum cqual to the g�aund rents,ii any.next due,plus the Borrower will pramptly deliver the ofticial reccipts therefar to the
<br /> premiums that will aexi became due and payable on policies of fire Lender.
<br /> and other haurd insura�ce covering the propeny,plus taxes and
<br /> � � usessments next due on the propeny(all as estinwted by the LenderJ S. The Borrower will pay all taxes which may be levied upon the
<br /> Itss all sums already paid thercfor divided by the number of months L,ender's interest in said real estate and improvements.and which
<br /> to elaps�before one(1)month prior to the date when such ground may be levied upon this instrument or the dobt secured hereby(but
<br /> rents,premiums.uxes aad assessments will become deliquent,such only to the extent that sueh is not prohibited by law and only to the
<br /> sums to be held by Lender in t�ust to pay said ground rentc, extent that such wiU aot make this loan usurious)�but excluding a�y
<br /> premiums.t�xes and special assessments;and income tax.State or Federal,imposed on Lender,and will Gle the
<br /> (by All paymeots mentioned in the preceding subsection of thi� ��cial receipt showing such payment with the Lcnder.Upon
<br /> paragraph and all paymenu to be made under the note sesured violation oP this undertaking,or if the Borrower is prohibited by at►y
<br /> hereby shaU be added together,and the aggregate amount thereof ���'n�W ar hercafter existing from paying the whole or any portion
<br /> shall be paid by the Borrower each manlh in a single payment ta tae of the aforesaid taxes,or upon the rendering of any coun decree
<br /> applied by the Ixnder to the followi�g items in the arder sci forth: prohibiting the payme�t by the iiottower of any such taxes,or if
<br /> � such!aw or decree provides thtt any unount so paid by the
<br /> (1)Eround renu.taxes.assessments,fire and other hazard insur- �rrower shall be credited on the debt,the l.ender shall hxve the
<br /> ana premiums; right ta give ninety days'written notice to the awne�of the premises,
<br /> requiring�he paymcnt of ths dcbt.tf such nutice be given,the said
<br /> (11)interest an the note secured hereby; debt shap 6ecome due,payable and collectible al the expiration of • �
<br /> (lt!)amortiution of the principal of said note;and said ninety days.
<br /> (IV)late chxrges. 6.That should the Borrower(ail to pay any sum or keep any '
<br /> • A�y deficiency in the amount of such a re ate monthl w�enant provided fot in this instrument,then the Leader,at iu � ,t�
<br /> � 8B 8 Y Dayment a�ra�,�ay��;�����urm incsame,ana atieapendiiures so made !--�
<br /> nextisuc�made good by the Borrower prior to the due date oi ehe shall be added to the principal sum owing on the siid note.shaU = °
<br /> paymenl,oonstitute an event of default under this be�;ured hereby,and shall bcar interest at the rate set forth in the r
<br /> � mongage.The Lender may collect a"late charge"not to exceed four
<br /> ants(4t)for each dollar(S 1)of each said note,until paid.
<br /> payment more than fifteen ; —
<br /> (!5)qsys in�a�m�to cover the extra expense involved in handling 7_That the Borrawer hereby assigns.transfers and sets over to the �}'
<br /> delin uent Lender,to be a lied toward the
<br /> PP payment of the note and all sums ��
<br /> 3. Tdat if the total of the secured hereby in case of a default in the performance of any of the �—
<br /> paymenu made by the Borrower under �erms and oonditions of this instrument or[he said note,all the rents, �
<br /> (a)ol'pangraph 2 preceding shall exceed the amount of paymena revenues and income to be derived from the said premises during
<br /> actually made by the Lender for ground rents,taxes and assessmeots
<br /> or insurance premiums,as the case may be,such excess,if the loan�S such time as the indebtedness shall remain unpaid,and the Lender
<br /> curront.at the option of the Borrower,shall be credited by the shall have power to appoint any agent or agents it may desire for the
<br /> Lsnder on subsequent payments to be made by the Borrower,or purpose of repairing said premises and of renting the same and
<br /> rofunded to the Borrower.lf,however,the monthly payments made o011���ng the rents,revenues and income,and it may pay out of said ± "'
<br /> by the BoROwer under(a)of paragraph 2 preading shall not be �ncomes all expenses of repairing said premisa and necessary
<br /> suffieient to pay ground rents,t�xes and assessmenu or insurance commissions and expenses incarred in renting and managing the � �
<br /> same and of coltecting rentats tlxrefrom;the balance remaining,if `.
<br /> premiums,u the case may be,when the same shall become due and q
<br /> p�yable.then the Borrower shall pay to the Lender any amoum any,to be applied toward the discharge of said indebtedness. :��
<br /> neassary to make up the deficiency,on or before the date when g. That the Borrower wi11 keep the improvements now existin or �
<br /> payment of such ground rents,taxes,assessments,or insurance hereafter erected on the property,insured as may be required from
<br /> premiums sh�q be due. !f at any time the Borrower shall tender to time to time by the Lender against loss by fire and other hazards.
<br /> hereb��j�n aocordance with t6e provisions of the note secured �ualties and contingencies in such amounts and for such periods as
<br /> y paymPnt of.the entire indebtedness represented thereby, may be required by the Lender and will pay promptly,when due,
<br /> the Lender shall,in oomputing the amount of such indebtedness,
<br /> credit to tht account af the Aorrower any balance remaioing ia the any premiums on such insurance,provision for p�yment of which
<br /> fuads accnmulatrd ueder the prvvisions of(a)of paragraph 2 hereof. �as not t+een made hereinbefo:e.A11 insurartce shali be carried in
<br /> (f there shall be a def�ult under any of the provisions of this �mpanies approved by the Lender and the policies and renewals
<br /> instrument resulting in a public sale of the premises covered hereby, p y eof shall be held by the Lender and hav pattached thereto toss
<br /> a able clauses in favor of and in form acce table to the Lender.In i
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