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Borrower and Lander covenant and agree as followr.
<br />1. That Borrower will pay the Indebtedness as look6afore
<br />pradded. PrkMge M reserved to pay the debt In whole or In part on
<br />any Metalwnont des dale.
<br />2. TAM, together with, and in addition to, tit nwi tfjl pa rrwft
<br />of prkhcipa" and IrMnet payable under ft tame of the noM eaotwsd
<br />hereby, tit Borrtrwar wet pay to the Lender. on #0 dint clay d /etch
<br />wrorth We all Mid note M ful paid. ate loft, arras:
<br />0) A awe otpwl to MM pwtrtd rate, Many, hall d^ plus the
<br />IOMMrma ahM wit nett besema des and fl-IR M on poioise d ire
<br />and ~ hssard Maureree 00,, MA the property. plw W" and
<br />McNeraMMs net des an fit po"a% pi as setktt6led by as Lentiw)
<br />Mee ail suwn steady pale Ma des alMatd by the nurriier Of rr:ahlM
<br />be seeps$ before one (1) saner prior b the date when NO grohwhd
<br />rule. proggim .faire and asmastrartte will beooate dMquenl. such
<br />$woe to be held by Leeaor In 1111101110 pry NO ground rents,
<br />prarMrers. Nrres and $100161 esesasm ". and
<br />(b) N payrtwNo wwillorhad in the F -A l hg subsection of this
<br />pereooph and ON peymNte b be wed$ under Ms nob eeounnd
<br />hereby shoo be aided agsthrrr, and On apeg6M arnroirM Owed
<br />shd be paid by erne Borrower se ch month In a single poynwht to be
<br />appMd by tM Lsndar to the following Nam$ In the order ad forth:
<br />m Wound runts. foxes. asse sun nts, We and other hazard inwr•
<br />once prernl tns;
<br />M) ktaeel on tit note asarred h*'slhlf.
<br />(NQ amorftOnr► of the prIncipel of said note.. and
<br />(M we $hugs
<br />Any dsicienoy In the $mad of Such sr;NegaM moMhly payment
<br />shel, undo" weds good by the Borrower pbr to tit dw dole of to
<br />..�.. ..w,r...
<br />.«
<br />wharfgrhga The Lender may collect a 'isle ct►srge' not to ewceed foes
<br />Dents (� for each dolor (=1) of each.psyment more than s Um
<br />(list ehys
<br />in weem to o" the arena mcpanse Involved in hwrcwing
<br />dalnc�pMrt Paymsrtls.
<br />3. That y the 1oW dirt: psrw% made by the Borrower under
<br />(sy d priogaph 2 pnordkh9 seal. eanard ere mmut of Prow is
<br />odud P seode by ere Lender for VDWW ranl% lanes and aaseurrnnts
<br />or inerrfance prime. as the arse amid be, such emcees. N the ben is
<br />currom M the option d the Bona" shd be ry A 4 by the
<br />Lander an .subseque t payrnerte to wade by the Borrower, or
<br />rokinded to the Borrower. N. hawerar. on monthy paytresnts shade
<br />by the 'Borrower under W of pea Inn 2 pnading shat not bar
<br />suetciert to pay gm wind nna, tenkra -and assesawsnts or insursna
<br />premiums. as the case may be. when the sane shoo beoorne des and
<br />peyabM, than 1M Bona" Shot pay to the Lander any amount
<br />necessary to woke up Vw deioionry, an or baton the dda when
<br />peyrnwd of such ground ma. tsnuas,:assessmsnts, or Insurance
<br />pmMons shd be due. If at any firr -Ow Borrower shd tender to
<br />the bander. In aocadsna wNh the provislons of the note secured
<br />Hanby. $A payawt of the mike Indebtedness reprosertad thereby,
<br />to Lander shall, in oompuing the amount of such Indebtedness.
<br />asdit b the accord of the Borrower any beionoe nmainfrq in the
<br />fierce acaar mod under the provisioas of (a) of paragraph 2 hereof.
<br />9 awe shd be a dafasuk under any of the provisions of this
<br />t atzumerht ras:dtlngi In a ptfalo sale of the prerilm covered hereby.
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<br />89--, 103461
<br />or It the Lander acquires the property otherwise after default, the
<br />Lender shat apply, at the time of the commencement of such
<br />pmosedngs, or at the tires the property Is otherwise acquired, the
<br />patens then rameIning In the funds accumulated under (a) of
<br />parapeph 2 preo+dbg, as a or** against the amount of principal
<br />than ro mtaInIng unpvd under said note.
<br />i. That the Borrower will pay ground rants. tax ", assessmemis,
<br />wear rdss, and other governrrhsrhtal or muntclpal charges. Imes or
<br />krpo Mo a. for which provision here not been weds hone t efore.
<br />end In dita thereof the Lander way pay the Sarre; and that the
<br />Borrower will proalft delver the of lal recalpts therefor to the
<br />Lender.
<br />s. The emimm will pay &I taxes which way be levied upon the
<br />Lendeft Interest In said rest "tats and knprovements, and which
<br />may be levied upon Ma Instrument or the debt secured hereby (but
<br />ony to ate salami that such I$ not prohibited by law and only to the
<br />arrant that awxh will not make this bw usurious), but excluding any
<br />khooww lax. Mole or Federal, imposed on Lender, and will file the
<br />olklol ,scents showing such paytnaM with the Lander. Upon
<br />vi0laliomh of this undertaking, or s the Borrower Is prohibited by any
<br />Mw now or herwMr ailing from paying the whole or any portion
<br />of the afaesatd tunes, or upon the rendering of any court deaea
<br />prohb" the psymernt by the Borrower of any such texas, or N
<br />such Mw or dam provides that any amount so paid by the
<br />Borrower shhal be credited on the debt, the Lander shd have the
<br />right to give M" days' written notice to the owner of the premisim given, the %Wd
<br />requiring debt sholll�be payment dLm payable and such
<br />ollectible at he expiration of
<br />sold nInsty dogs.
<br />b. That should the Borrower fall to pay any sum or keep any
<br />covenant provided for In this Instrument, then the Lander. at Its
<br />option, may pay or perform the same; and of expendih es so made
<br />dW be added to the pdreeipal sum owing on the saki note, shag
<br />be secured horoby, and shd bear interest at the rate set forth ith the
<br />said nos, un* paid.
<br />T. The tine Burrower hereby assigns, transfers and sets over to the
<br />Lander, to the applied toward the payment of the note and alf suma.
<br />socured hereby in case of a defaurlt in the performance of any ofJ14
<br />tame and conditions of this instrument or the said note, an the rents,
<br />;avenues and Inoane to be derived from the said promisas during
<br />such rim as the Indebtedness steal remain unpakl.•and the Lender
<br />shelf he" pa%er to appoint any agent or agents N may desire for The
<br />prrrpoae at rapaiting sold pranises and of renting the same and•
<br />eoloding the raster. revenues and income. and it may pay out of, said
<br />incomes V /penes of npakbV said promises and necessary
<br />commissions and apeeas Incurred In renting and managing the
<br />sane wW •d oolaclkq ranWs therefrom; the balance remaining, if
<br />any, to be appled toward the discharge of sold indebtedness.
<br />d. Ttt fcMe Borrower we keep the improvements now existing Cr•:
<br />hwasd* eroded on the prop". insured as may be required from
<br />tine tm tinse•by the Lander against loss by fire and outer fig *dsr
<br />casud6a and contingencles in such amounts and far. such -ade
<br />as may be required by the Lender and will pay promptly, when. driek
<br />any prwniu ,a on such insurance, provision for payment of which.
<br />has not bon wade harainbefore. N Insurance shall be carried in
<br />oompenies approved by the Lender and the policies and renewals
<br />thereof shell be held by the Lander and have attached thereto lass.
<br />payable douses in favor of and in torte acceptable to the Lander. In
<br />event of bas Borrower wil give kn edrate notice by mail to the
<br />Laurin, who may maker proof of loss i not made promptly by
<br />Page 2 of S
<br />HUD-92143DT•1
<br />(Form 92143B.ptm)
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