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<br />Ooiva err and Landes oovanam and age n follows:
<br />I. That Sorrowr wB pay the indsbledneas as Mninbsfore
<br />provMsa ltNNaOa b reserved to pay the debt In whole or in part on
<br />MY insWMnar1 due date,
<br />2, That together with. and in adMon to, tM meMhfy payments
<br />of principal and k"" FV" under the term of on now seared
<br />hereby. the Borrower we pct to the Lender, on the list Clay at each
<br />month until the said nose is full psid the foNwAV swam:
<br />(a) A sum " to the Wound range. N any, nand due, Pius the
<br />Premium that will fwd h an ''s dw and payable on pofdsa of *a
<br />and other i "--'l Inneumm ONSINIIII the property. Pius Mama and
<br />assessments nerd due on the poop-4 led as seMnrMed by the Lander)
<br />less M sums already paid tlmdm dk it' sd by the MWdW of months
<br />to lopes before one (1) MIN prior to the data when such ground
<br />rents. Premiums. teas and aseseermm t will become delquemt. such
<br />some to be held by Lender In trust to pay said Wound rents.
<br />Premiums, taxes and speoW assesunu and
<br />(b) All payments mmendoned in the preceding subsection a this
<br />paragraph and M paymerits to be made under the note secured
<br />hereby shah be added logemther, and the *WOW* amount thereof
<br />shall be paid by the Borrower each month, in a single payment to be
<br />applied by the Lender to the bkwbg Mom In the order set forth:.
<br />(1) ground rents. taxes, assessments. Are and other hazard insua•
<br />an" pmmtums;
<br />(10 interest an the note secured heresy
<br />(II) anortissdon of the pi sod of Bald note; and
<br />(N) late charges
<br />Any dekier-ty In the smoum of such wAmgate more" Payment.
<br />atW. unkm numb nom .kw Vm gt"Mw � • to'�.. w:.0— w u
<br />next such psymsnt, Wralb s an event of defer@ arxdsr 1tMs
<br />mortgage. The Lender may eobat a gate charge' not to exceed four
<br />COO (40) br eaeh daft (:1) of each pspwd more than wReen
<br />(1f) days in Nf ws to Cover the m1m M 1-muIlLn'3
<br />ddlnquwt payments.
<br />I That N the total of the payments made by the Borrower under
<br />(a) of Paragraph 2 preceding shah erased the amount of payments
<br />adusgy made by the Lender for groundsoft taxes and assesu"ffft .
<br />or insurance~ p peas. as the case may bo. such excess. N the toes• Is
<br />ccurent. at liner option of lyres Burrower, shall be crud led by the
<br />Lxmder on subsequent paPism M to made by the Borrower. or
<br />refunded to the Sorrovww�•. , QL •however, the monthly payments mnsds
<br />by the Borrower Urdu (s) Of P&MV*h 2 pecedng shat not be
<br />SUMCient to pay Wound rents. taxes anid :"sassmsnts or Insurance,
<br />Premiums. as the rase rrmIVtM when The same shell beoorrme due silo
<br />payable. then the Borrower sisal pay to the Lender anjc• MM M
<br />necessary to make up Mb, dsfioisrwcy. on or before the date when
<br />peymerM of such Around nab, taxes. assssanenb. or insranoe
<br />Prenmiums shy be due. N d any dim* the 8arower shef twdu to
<br />the Lumdu. h accordance with the provisions of the nob seuxned
<br />hereby. U payment of the entire indebtedo s represented thereby.
<br />the Lender shag, in oompugsg the amount of ewah indebtedness.
<br />credit to the account of ft 8omower any balance rernaiming io the
<br />funds sommx* Mal under the provisions of (a) of paragraph 2 herftk
<br />N there shall ices a defmarlt under any cf. the provisions of thia
<br />instrumeet reiuitimg in a pubic ads of the Premises covered hereby.
<br />89-- 403965
<br />or N the lender acquires the Property otherwise after defwM, the
<br />Lender shaft apply, at the time of the commencement of such
<br />proosedings, or at the time the property la otherwise acquired, the
<br />balance then remaining in the funds Accumulated undt (U of
<br />Paragraph 2 precedinqh as a credit apM$t the amount of principal
<br />then rernaW" unpaid under said note,
<br />4. That the Borrower will pay Around rents. taxes, asssssnrenb.
<br />water false. and other gowmmentd or municipal ohryss, tines or
<br />Impositions, for which provision has not been made hweinbefore,
<br />and In default thereof the Lender may pey the -- v - and that the
<br />Borrower will pomply dOer the I RAW melpts therefor to the
<br />Lender.
<br />5. The Borrower wi pay ale taxes which nay be W40 upon the
<br />Lsndu's Interest In said fad estaM and improvements, smut which
<br />may be levied upon this insuument or the debt sewnd hereby (but
<br />only to the extent that such Is not prohibited by. Geis• ear$ Q* to the
<br />extent that such WE not merit* this low user msu but etnidnrdtng any
<br />Income tax, Slats or Federal, imposed on Le: dw. and w a.1s the
<br />OMCM NOW showing such payment with Mb lender;;; n
<br />om
<br />violation of Mrs underlsift, or N the Bowr is prolftl.ad by any
<br />law now or hwOMW existing fpm► paying the whole or oil portion
<br />of the abresaid taxes, or upon the rendeilog of any court decree
<br />prohbiting the payment by the Borrower of ear such taxes. or If' '
<br />such law or decree provides that any arrau�t so. paid .bye. Me
<br />Bomowrer shall be credited on ft debt, the Lender andd Gale, the
<br />eight to give nirndy days' written notice to the owner of ft premises,
<br />requiring the peyrw4 of the debt. N such mi *ce be gPikm the said
<br />debt shah became due. Payable and cogeotf k.,st the Mallon of
<br />send ninety days.
<br />6. That should the Bomowarr far to pay any sum or keep any
<br />covenant provided for in this instrument. then the Lender, at its
<br />option. may pay or perform the same. and all expenditures so made
<br />shall be added to the principal sum owning on the said not *. shag
<br />be serausd hereby. and shah bar interest at the rate ad forth in the
<br />'aid nois, units p idv
<br />T. The the Boe,awer hereby assigns, brasiers and aets over to the
<br />Lender, to be applied toward the payrnent of the note and all sums
<br />si wed herby in one of a delauit in the pariorm once of any of the
<br />terms and conditions of this instrument or the Bald note, all the rents.
<br />revenues and income to be derived from the "M promises during
<br />such time as the indebtedness shag remain unpaid, and the Lender
<br />shall have power to appoint any agent or agents it may dostre for the '
<br />Purpose of rsP$k rtg said promisee and of renting the sane and
<br />collecting the rents, reverkm and iocom % and it may pay out of said' ,.
<br />Incomes erg Nip a es of repe169t8 said promises and necessary
<br />air b missions and expenses h=u=ed in ranting and managing' Vita
<br />sums and of collecting rentals therefrom; the balance remst�i�'i
<br />any. to be appgemd toward the discharge of said indebtedro .
<br />8 That the Borrower will keep the improvements now e�datfrip or
<br />hereafter erected on the papa4p, insured as may be ng reed from
<br />time to time by the Lender against loss by fin and other'tiazards,
<br />casualties and contingencies in such amounts and for such pseuds
<br />as may be required by the Lender and will Pay Promptly. when due,
<br />any premiums on such insurance, provision for payment cf.whk:h
<br />•has not been made iweinbellore. All insurance shag be.catiW in
<br />companies approved by the Lender and the policies a t¢ m"wals
<br />thereof shag be held by the Lender and have attached tfm*o loss
<br />PAY" clauses in favor of and in torn acceptable to the tender. in
<br />event of toss Borrower will give immmliste ncgee by maid to the
<br />Lem? der. who mwf'rmake proof of loss N not made promptly by
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