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Morrow Will rancor coven" anal now as Idlim : 1. That Borrower will pay the indebtedn a , as heteinbefcxe provided. privdW is reset ved to pay the debt in whok or in part an arty installment due date. 2. 71st. togelher wttb. oat! is addition to, the wKwhly paytt oat of principal said interest payable under the HAMS of the Mole secured hereby. the Sotrower wig pay to the Lender, on the first day of SPA month MR the said ante is fully Paid. the folowing "MM. (a) Anto_um suffk ant to provide the holder. beteof with funds to par AW am aitottgare iaatraaee pretaium if this Muni rent and the am ss - haaw are , I - --sal. or a too aw cbwv (in lieu of a esorVW Amagm pr wdum) if they are held by the Swam of Hawing arigJ.lUomm DM+VmM. M folors: (1) IE "rind so tong as said Mae of even date and this instru- anal are ia*wW or are reinsured under the provisions of the Na- Uond Nanning Act. as amount sufficient to accumulate in the haai of the hddar one (1) ahottth prior to its due date the annual m nq-plp b arraatee pra nkai i in ado to provide such holier with fbW& uQ pie,smeh pratwium to the Secretary of Housing and Ur. boa faew op "aw pursu m to the N#WNW Housing !ter, as am "deidr �- :� ^l-- iom 'Rllmundey; or (tU:IE pod so ion* a!< Maid twit of even date and this instru- ment are bald by the Se+ .excy of Housing and Urban Develop- mm. a rnt o.tly.!charge (ter lieu of a moft$W insurance premium) which shall be in an amount equal to onatwdfth (1 /12) of one- half (1/2) per centum of the average outstanding balance due on the note computed without taking into account delinquencies or prtaytnetMr, (b) A sttszt equal to the ground rents. if any, next due. Plus the prerrio6ts:1hpk•witl next became due and payable on policies of fire and oche Ward insurance covesitng the Property. Plus taxes and asaeu mots next due on the paipw-y (all as estimated by the Lander) less all sums alrody, paid thatrfor divided by the number- of molaths, to dap.e 6c4;am- ow' p) month prior to the date when such ground rents. premiums. taxes and assessments will become delinquent. such sums to be held by Lender in trust to pay said &rouund rents. premiums. taxes and syvwiai gaits - -Wynn; wild (c) All payments mentioned in the two preceding subsections of this paragraph and all payments to be made under the note secured ha ft shall be added together. and the aggregate amount thereof ",be paid by the Borrower w.wh month in a single p#.- meat to bt a(A*cd by the Leader to glee foibwing items in the . order set !`cab. (1) prorA m dmm3p under the contract of insurance with tM Secretary of Kousitg:god Urban pevelopretent, or monthly dwv (in lieu of morr�e insurance premium). as the case road• he; , (Il) gsrritad tesu taxes. assessments. fire and other h",d' insurance PreMWms:' (111) interest on the note secured hereby; (IV),'wnortiwion of the principal of said note. and M late charges. Any defideacy in the amount of such aggregate Wouthly Pay- ment shah. unless rn*dc gsavd by the Borrower prior -to the due date of dw next such- pa tment. cor ittac• an event of default usdw tisia uwrtgw: Tl$t :Lender nwers4 -t a "fate charge" not to exaW few ce w► (44Y fat each oblirir (%I) of each payment ft 82.... 143337 more than fifteen (I3) cloys in arrears to onvw the extra expMW involved in handling chilinquen] payments. 3. TMat if toe total of the payments made by the Borrower under (b) of pw graph 2 pmeding shall ox and the teat ON of payum" wtwb MR* by the Leads far gt'QMa# OW4, eases and aaaeMtnttrtta or isanranoa peawiunts. era• the cane twy tea, snob ou- cess, if the henna is cutrartt, as the optiau of the llerrow,x, swats be credited by the Letudler os rAmequett payttt mo to be nude by the Borrower. or Wvndeed to the porroww, It, however. thc,.mrxotlhly payments made by the Boreewn under (b) of I g 2 preceding shall nor be sufficient to Polly froasd rerw. taxes sad awtu mss or insurance prawkwsa. as the can may be. who tM same shah-btu due and pyahk thus Ma DeviowsrsMM Per to the Leader; alts atnowtt nsoraaary to Mahe top tM dwkiwy. an or Woqv r3h-. 4A when payment of such protwdi raw. taxes, a.�.esaitariR .Lev insurance premiums shall be due. If at any time the Borrower shall tender to the Leader. in accordam with the provisions of the note secured hereby. full payment of the eatire indebtedness represemted thereby. the Lender shall, in cotal)Odne the amount of such indebtedness. credit to the aoeoant of the Bor- rower all payments made under the provisiar of (a) of paragraph 2 hereof whkh the Lender hat not btnooat,e to pay to the Secretary of Housing and Urbtaa In, v-pomp tenernt and any balance re- mainlag in the (lends; 4Ka.- amulated under the provisions of (b) of paragraph 2 hereof. if there shall be a default under any of the provisions of this instrument resulting: in a public sale of the premise§, crwered hereby. or if the Lender aequires,the property etherwisr Lifter default. the Lender shall apply. aR the time of the iomrnettcenent of such proceedings, or at the time the propel y Is etherwiss acquired. the balance then remaining in the funds ac- cuemttiiW4.iinder (b) of paragraph 2 preceding. as a credit against the adrmuvr of ptitwipa( that tcu aWa* unpaid under said note. and slt4 properly adjust any paytt{ews which shall have been n ace wader (a) of paragrsph 2. 4. 'treat the Barrovw will pay ground rents. Cam. assessments. water rata, and other governmental or municipal-chvges. fines. (w jM' -r* j1jbhs, for which provWfn its W tleerl made hereinbefore, and in defttult thereof the Lender may ay the sttme: and that the Borrower ika promptly deliver the offtciat receipts .h. -for to the Lrr* . 3. The Borrower will pay all taxes which may be Levied upon the Lender's interest in said real estatte and improvements. and which may be levied upon this instrument or the deb secured hereby (but only to the extent that such is not prohibited by law and only to the exten(R that such will not make•ilw loan usurious). but excluding any income tax. State or Federal, imposed on Lender. and will file the official r!i)* showing such payment with the Lender. Up" violation of this a ndenaiuttg; or if the Borrower is prohibiter& by any law now or hereafter existing from paying the whole or. portion of the aforesaid taxes. or upon chc rendering of any mutt decree ptobibiting the payment by the & roower of any such taxes. or if twA law or decree provides that . any amount so paid by the Borroittr shall be credited on the debt, the Lender shall have the right to ewe ninety days' written notice to the owner of the premises, requiring the payment of the debt. If such notice be given. the said debt shall become due, payable and colk -iibk at the expiration of said ninety days. 6. That should the Borrower fail to pay any sum or keep any covenant provided for in this instrueseat. then the Lender. at its option. may pay or perform the same, and all expenditures so Page 2 of 5 HU042143DY U J