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<br />Borrowee a" t.etttlei eaveaw and agree as tnllota":
<br />1..Aat grwrower will pay the indebtedness. as hereinbefort'
<br />Provided_ Privilege in reserved to pay the debt to whole or in part On
<br />any itntaldment due date
<br />2. '{'lest, toWlier with, and in addition to, the monthly payments
<br />of priK*W and iateroM payable under tke term a` the dude secured
<br />:�,.i, s-rssw �r trill pa; t:s the lsRijer. Ise the fiat day of each
<br />month until the said note is fully paid, the foHowing sutra:
<br />(a) A suit equal to the ground tuts. if any, next due, Plus the
<br />PatniuwA that will next bew ine due and payable on policies of fire
<br />sad other hazard iastuaace covering the property, plus taxes and
<br />asseasatents next disc on the property (elf u eriis MWd br the Leo&?)
<br />deli all mass already paid therefor doiided by the tatialrer of tttttntha
<br />to e1w before titre 0 1 ONO* Orr* to oho dato when such ground
<br />rest& pmsniumx, taxes ski ataesr mitts will become deliquent, such
<br />auras to be held by Leader in trialsV Pay said ground rents,
<br />P . taxes and special aaewamts; and
<br />(b) Ail pay mcrrticsrted be made tiadcrtntlte mule sceutod is
<br />parapao and all p*drttrtaats
<br />hereby shall be ad*A ts;Wher. and the aUreparr; afmount thereof
<br />shall be paid by the 1N,yvlrower each maiitA ire, z s+,ftle payment to be
<br />applied by the t ead",to the follovtiM. f#4 she order set forth:
<br />(1) grorwtd tenm twines, messwatF Carr aad'c4 cr hanrd insur-
<br />ance prentitmrs:
<br />(11) interest on tdre.trtitte sectiresd heretoy:
<br />(111) am wlirxtios of the principal of said rwu: and
<br />(IV) late charges.
<br />r
<br />S-_.
<br />or if the Lender acquires the Proftrty tstkf*w a tiller defauh, oho
<br />Lender shall apply, at the time of 7tti' commtnament of MKh
<br />procroedings, of at the time the pttoperly i1 oomvow scqui rod. the
<br />balance then renuiaiay in the fun& aceulz .44*M hitter (a) of
<br />paragraph 2 pfoceding, as a credit a+litut the attM"I of principal
<br />then remaining unpaid order said POW.
<br />Any deficttKy to the amount of such aigregate monthly payment
<br />skill, unku mark' goad by the Borrower prior to the due date of the
<br />aaxt ands paysteaL constitute an event of default uadet this
<br />........... 11w t ender may adlect a "late che" ar� not to exceed four
<br />cents (it) for eleh dale, (Si ) of cu-h pay:t:ettt more titan 6itrcn
<br />I S) days m arrears• tr, odds er the extra expense invc4ved in handling
<br />delinquent Paymerrss..
<br />3. That it the total- of tote paymeata made by the Borrower under
<br />(a) of paragraph 2 ftrzsedrng shall exceed the amount of paynite"a
<br />actually made by Nre T.endef for ground rents. taxes and acsesuncrits
<br />or insurance Prt r WV4-, as the case may be. such excess, tf the loan Is
<br />current. at the option of the Botreswa. shall be credited by the
<br />larder as s"queitt psynteitts,tu be insole by the &trrowtr, or
<br />refunded to the Borrower lfe Itiw ever, the monthly payments made
<br />by the Borrower wxw k r (a) of paragraph 2 ptooediag shad * be
<br />strkitat to pay 1p feats, taxes sad aseesstneats 01 iftsufsw
<br />pfemmats, as the arse may be, when the same shall beconx due and
<br />psyarbk, then the Borrower data day to the Lender any amount
<br />Reeky to Hake up the de6eie� I y. on or before the date when
<br />payrrreot of such #.round rents, taxes. assessments. Or insurance
<br />premiwns shall be: dire. If at any time the Borrower shall tender to
<br />die Leader. a aLawdanee with the pro%mons Of the note secured
<br />hereby. full paywom of the entire indebtedness represented thereby.
<br />the Leader %Mg. in emputing the amount of such Indebtedness.
<br />credit to the account of the Borrower any balance remaining in the
<br />fords accumulaed under the provisions of (a) of paragraph 2 hercel.
<br />If there shall be a :default under any of the provisions Of this
<br />i,aWaffient resiilti:>6 its s ftublic yak of the premises covered beach }.
<br />4. That the Borrower will Psy ground reach► wxt% asarsstneats.
<br />wafer rates, and atha goveraateatal Of rtfwrti OO cba IM tim of
<br />impasitiom tar wkidt provision has axtt,beca.itwtk *i>ti +� ArG
<br />and in default thereof the l,aa*r my Pay the saute: A" tl'ttat Ike
<br />&trroveer will promptly dehira-0r, offici•1- receipts Olrwe0m.10 the
<br />Lend".
<br />S. The Bttrmwer will pay all taxes vM* sway be levied upon the
<br />4eadet's ittlerr"st in said Heal etttala sM irafttaveareats, and elhich
<br />racy be levied upon uric irtstrunient of tee debt secured hereby (but
<br />only to the extent teat such is sot pwhiNtied by law and only to tee
<br />extent that such. will to make this loan.uwrkm). but exduding say
<br />income tax. Srsttrc of t= edcml, imposed on header. and will frk the
<br />official receipt shdiwing such payment with tole Leader. Upon
<br />violation of this undertaking, of if the Normwvw. is probibiled by my
<br />law now or hereafter existing from paying tlit'witole Of any Pt rd"
<br />of the aforesaid taxes. or upm iM rertderirtg of any court deaxae
<br />pr6k-biling the payineat ky (!1m Borrower of any suck taxm at it
<br />suds. i*w or docem. p Mvj*( ghat say astound so paid by lira
<br />Dem,iwer shat! Ire d tan the debt, the leader skill have oho
<br />f0j to give ninc4l dapti written novice to the owner of the premism
<br />roghring the payment of ftdr -bt. If such notice be given, the said
<br />&.4, Nhall baome due. pavabk and collectible at the expiration of
<br />Sari ninety days..
<br />(Y' -that should the Ilmower. fail to pay any sum or keep any
<br />c,,%trrtant provided for to this•instnniCnt. then the Lender, at its
<br />I7{Y;n`art, may pay of perform Noe mnte, and all expenditures so trade
<br />shall be added to the principal sum owing on the said note, shall
<br />be secured hereby. and shall bear interest at the rate set forth in the
<br />said note, until paid.
<br />7. That the Borrower hereby assigns, transfers and sets over to the
<br />Leader. to be applied toward the payment of the note and all stuns
<br />secured hereby in case of a default in the perfornance of any Of the
<br />teens and conditions of this inatument or thc4aW '"t. all the MRS-
<br />revenues and income to be derived front the said premises during
<br />Ntctt iliac as the irrdebtedoesa shall rennin unpaid, and the lender
<br />shall. have power to appneiu stay agent or agents it may dCFiM for the
<br />pwlpose of repwitrg said PIANAM and of renting the wvv4 sod
<br />collecting the fo%,. revenues and income. and it may Pay Out cif said
<br />i6 ant se
<br />es all expenses of repairing said premiss and necessary
<br />(ASlfrtntsston5 and expenses incurred in renting and managing the .
<br />. and of collecting rentals therefrow; the balmoe rettitiaittg, if
<br />to be applied toward the disckarge of said indebtedness.
<br />8. That tht Burrower will keep the improvetsents now existing or
<br />hereafter erected on the property. insured as may be required from
<br />time to ante by the tender against loss by fire and other hazards.
<br />casualties and contingencies in such amounts and for such periods as
<br />may be required by the tender and will Pay protptly, when due,
<br />any premiums on such insurance. provision for Psi of which
<br />has not been matte hereinbefore. All insurance shall be carried in
<br />crsmpanim approved by the Leaded and tla;. Polities and I'mcwsis
<br />thermf shall be held by the tender and Uvc attached thereto loss
<br />payable clauses in favor of and In frtta'scoepu W'th'W tant f f. In
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