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i IN
<br />Y
<br />Dartrowtt tamed Lender cavet>>nt ate/ t K sa fdtrw3; Of If the Lrettder aoxf
<br />airs the property otherwise after default. the
<br />i. 7%t 80rrov►•er will pay the indebtedness, as hereinbefare Lender shall apply, at,1he time of the co metrceteent of stteh
<br />provided ftidlege is :tserved to pay fire debt in whale ot_ iii part on balabala then remaining the time the paelprxty is otlt"Whe scquirerk the
<br />any installment due date. K in the funds accumulated uttdtr (a) of
<br />parasraph 2 prccedina, as a credit against the amount of )
<br />delinquent payments. ,an Ing
<br />3. That If the total of the payments made by the 1;orro afty under
<br />(a) of Paragraph 2 precrdtng shall exceed the amount of pia, +raer, l+
<br />actually made by the Lender for ground rents, taxes and arxssments
<br />ur InsurarK'e premium"- as the use may toe. such ekce++, if the loan Is
<br />e.-urrent, al the option of the Iklrrower. shall he credited by the
<br />Lender on suhscquent payments to be made by the Borrower. or
<br />refunded to the Borrower If. however, the monthly Payments made
<br />by the f#trruucr urldtJ (a) of paragraph 2 preceding shall nrst be
<br />sufficient to ;;ray ground rents, taxes and assessments, or insurance
<br />premiums, as the ease may he. when the •amt Shall toccr,mc due rod
<br />payable. then the Borrosvcr shall Pay to the lender any amount
<br />necessary h, make up the dcf1UCncy, an c,r hefore the date when
<br />payment of such around rents. tawe;, aur;ssrnents, nr Insurance
<br />Premium'; shall be due If at any time the lkwower shalt tender to
<br />the Lender, in accordance with the provl,ions,af the note seurrrd
<br />hereby, full Psyneent W the entire mdebtedrrrhrt: represented thereby.
<br />the leader shall. In etmtputmg IN' amount ai;.uh indebtedness•
<br />credo w the account (Of the Berrus+ac r anv balint t! remaining, in the
<br />furWir accumularrd urwkr the prisls,om of r.;, •,f paragraph i- f;erraf.
<br />if tfWc shall he a default under an% of the ,.r :,",stuns of this
<br />i#i4tuttrer1t resulting in a public sale of the pr rams, Lowered hereby.
<br />7 -that the Ikuruwet hereby asstans, transfers and sets over to the
<br />UVIder, u, be applied toward the payment of the note and all sums
<br />,:=urcd hereby to case of a default in the performance of any of the
<br />terms and conditions of this instrument or the said note, so the rents,
<br />revenues and Income to be derived from dw said premises during
<br />such time as the Indebtedness shall remain unpaid, and the Lender
<br />shall have power to appoint acv agent or agents It may desire for the
<br />WPM of rcPa,ring said premises and Of tenting the same and
<br />collctung the rents., revenues and income;,aM h may pay out of said
<br />Inu,ro:, 411 cxrcnses of repairing said { l mires and nee4assry
<br />commissions and expenses 10r;prred In rbrt::ttg and mamttldtg the
<br />curie and- ce,llecung rentals therefrom; the balmrwe t"tuining, if
<br />01Y • it', 0.k 41., Lted toward the discharge of said indebit'dloess.
<br />R That the Wrro%er will keep the Improvements now existing or
<br />heir ?alter erected tin the property. Insured as may he re4pa7ed from
<br />t,m to time by the I ender ltgainst loss by fire and atherhat,;ards,
<br />�aA-I tlttes and contingencies: in sEk--h amounts and for suct Periods as
<br />I'll"; be required by the tender and will pay promptly. when due.
<br />any premiums Ottlsuch Insurance, provisiow(of -- Yrleatof which
<br />N's not teen tnrcue herembefore. All irtmtx:utccu shall be carried in
<br />companies apprerved by the Lender and the policies and renewals
<br />thereof shall he held by the Lender and have attached thereto foss
<br />payable elauxs In favor of and in form accrPtable to the Lender. In
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<br />HUO.121490T•1
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<br />2. That, together with, and'in sddition tat. the mnnthFvayrncpty...:.
<br />then retraining unpaid under said note, pnnapa
<br />°f attd istettisrt payable Hader the tarlrts eel tl tttsta secttirrl;',
<br />the ifs day of d.�ctt
<br />.. ' 4. That the Borrower will pay growd rents, S. ssessmie
<br />month until t notetis My paid. The following wi g
<br />... x � �. *utd other governmental or Municipal charges, �n or
<br />A05100t,•flar which
<br />(a) A sutra equal to the grtwnd rents, if any, next'due. plus the
<br />provision has not been made bereir.Wore,
<br />and in ddault tneniof the Lender MAY pay the same; and .0a. the
<br />premiums that will next become due and poli+_�ira of fire
<br />and other hazard insurance covering he ruperte on
<br />g Pr ta><cs
<br />Borrower will promptly deliver the official receipts thw•efr. 6;he
<br />Lender.
<br />3, pleat and
<br />auMments next due on the
<br />.;CW if suns ahead pd1!1eltY l a utrnrolerl by !/te l etlder)
<br />Y ix� t rodiv)de'dj: 'the numbLT.tp(months
<br />S. The B►vx m' v!er i taxes wbicA may be levied u the
<br />:: t dttpae taefore are (I t rtfr {rrxv► to tk daw when si�tir ground
<br />gender irtllt Ea: in said estate and improvements,-2111(i ttdaich
<br />!>r `apon
<br />--
<br />rwL% premiurns,.#Axes sett} aaesi W(f1: still "ice; F; t detiquent such
<br />aittlrs CO be host by (rider intrust to :riund
<br />may'
<br />y this i *ximent or the debt securbaAereby (but
<br />��' n [fee cite" s that sua'is not prohibited by iaw "at>sft:rply
<br />renr�,
<br />premiums, taxc tttid special s�5essments; iii £
<br />to the
<br />+.steno that such will not make this loan usurious), bur ng any
<br />I come
<br />{b) All preceding
<br />f�YnKn� mentlCW1,,is the ecedin wt►secGoq:,i'r'this
<br />;out
<br />uk_: raI or Federal, imposed
<br />official real sho r Pad ore. Lender, and will file the
<br /># : g such payment Wk,*.ihe !,ender. Upon
<br />rapt and all p►ayatsents to be made under the note WA
<br />I* by shall be -added trrgether, and the aggregate +sec,(
<br />violation o1 R(Aas undertaking, or if the 13oiii)wet is prohibited by any
<br />(ass now or hereafter
<br />:1
<br />amounl .L
<br />III be pad h; Id>r Borrower gCil month in a single payztent to he
<br />ri by
<br />existing from preying the whole or any portion
<br />of the aforesaid taxes, or upon the rendering of any coati decree
<br />-plied thr Lcndcr to the following items in the order m forth:
<br />prohibiting the payment by the Borrower of any such taxes, or if
<br />-
<br />!f ground ants, taxes, aEs�zo.-7sents, fire and other hayard incur•
<br />such law or cit':.ree provides that any a:M10"I sit so paid by the
<br />grower sha l be credited an the debt, ti)lre.E Coder shill have
<br />araoe premiums,
<br />the
<br />right to give ninety day written notices to the owater 4,16t. if prom
<br />-
<br />(II) interest ar tlsc note secured hercN.
<br />cr ainng the payment of the debt. If such notice be:0111e1P„ the said
<br />sWor%hall become due,
<br />(111) amortrnt:on of the prnttopol of said ootc. and
<br />payable and collectihle•at t14eeo'.ration of
<br />said ninety days.
<br />-
<br />IIV) late charges.
<br />Any deficiency In the amount e,f such aggregate monthl> payment
<br />6 TAn sAnutd the Borrower fad to
<br />covenant provided for In this Instrument then the Lender, at t
<br />shall, unlcs+ made good by the lkirrower P64w to the due date of
<br />next such payment. constuute an default
<br />r'ptton• may pay or perform the same, and all expenditures so made
<br />shalt be added to the
<br />event of under this
<br />mortgage The I ruder may collect a "late charge,, not to rscced (our
<br />principal sum owing on the said note. shall
<br />he secured hereby, and shall bear interest at the rate set forth in the
<br />ants 14111 for each dollar i fit) of each payment more than fifteen
<br />1 IS) days m arrears to cover the extra exile rase involved ,n h Al
<br />said aote, ants! paid
<br />delinquent payments. ,an Ing
<br />3. That If the total of the payments made by the 1;orro afty under
<br />(a) of Paragraph 2 precrdtng shall exceed the amount of pia, +raer, l+
<br />actually made by the Lender for ground rents, taxes and arxssments
<br />ur InsurarK'e premium"- as the use may toe. such ekce++, if the loan Is
<br />e.-urrent, al the option of the Iklrrower. shall he credited by the
<br />Lender on suhscquent payments to be made by the Borrower. or
<br />refunded to the Borrower If. however, the monthly Payments made
<br />by the f#trruucr urldtJ (a) of paragraph 2 preceding shall nrst be
<br />sufficient to ;;ray ground rents, taxes and assessments, or insurance
<br />premiums, as the ease may he. when the •amt Shall toccr,mc due rod
<br />payable. then the Borrosvcr shall Pay to the lender any amount
<br />necessary h, make up the dcf1UCncy, an c,r hefore the date when
<br />payment of such around rents. tawe;, aur;ssrnents, nr Insurance
<br />Premium'; shall be due If at any time the lkwower shalt tender to
<br />the Lender, in accordance with the provl,ions,af the note seurrrd
<br />hereby, full Psyneent W the entire mdebtedrrrhrt: represented thereby.
<br />the leader shall. In etmtputmg IN' amount ai;.uh indebtedness•
<br />credo w the account (Of the Berrus+ac r anv balint t! remaining, in the
<br />furWir accumularrd urwkr the prisls,om of r.;, •,f paragraph i- f;erraf.
<br />if tfWc shall he a default under an% of the ,.r :,",stuns of this
<br />i#i4tuttrer1t resulting in a public sale of the pr rams, Lowered hereby.
<br />7 -that the Ikuruwet hereby asstans, transfers and sets over to the
<br />UVIder, u, be applied toward the payment of the note and all sums
<br />,:=urcd hereby to case of a default in the performance of any of the
<br />terms and conditions of this instrument or the said note, so the rents,
<br />revenues and Income to be derived from dw said premises during
<br />such time as the Indebtedness shall remain unpaid, and the Lender
<br />shall have power to appoint acv agent or agents It may desire for the
<br />WPM of rcPa,ring said premises and Of tenting the same and
<br />collctung the rents., revenues and income;,aM h may pay out of said
<br />Inu,ro:, 411 cxrcnses of repairing said { l mires and nee4assry
<br />commissions and expenses 10r;prred In rbrt::ttg and mamttldtg the
<br />curie and- ce,llecung rentals therefrom; the balmrwe t"tuining, if
<br />01Y • it', 0.k 41., Lted toward the discharge of said indebit'dloess.
<br />R That the Wrro%er will keep the Improvements now existing or
<br />heir ?alter erected tin the property. Insured as may he re4pa7ed from
<br />t,m to time by the I ender ltgainst loss by fire and atherhat,;ards,
<br />�aA-I tlttes and contingencies: in sEk--h amounts and for suct Periods as
<br />I'll"; be required by the tender and will pay promptly. when due.
<br />any premiums Ottlsuch Insurance, provisiow(of -- Yrleatof which
<br />N's not teen tnrcue herembefore. All irtmtx:utccu shall be carried in
<br />companies apprerved by the Lender and the policies and renewals
<br />thereof shall he held by the Lender and have attached thereto foss
<br />payable elauxs In favor of and in form accrPtable to the Lender. In
<br />Page 2 or S
<br />HUO.121490T•1
<br />J
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