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89104727
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Last modified
10/20/2011 10:20:43 AM
Creation date
10/20/2005 9:57:51 PM
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DEEDS
Inst Number
89104727
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e <br />10479T- <br />(#, A sum equal to the ground rents, if any. next due, plus the premiums that will next become due and payable an <br />policies of, lire and other hazard insurance covering the property, plus taxes and assessments next due on the property (all <br />as esrinittreid by the Lender) less all sums already paid therefor divided by the number of months to elapse before one (1) <br />month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to <br />be held by Lender in trust to pay said ground rents, premiums, taxes and special assessments: and <br />(b) All payments mentioned in the preceding subsection of this paragraph and all payments to be made under the note <br />secured hereby shall be added together, and the aggregate amount, thereof shall be paid by the Borrower each month in a <br />single payment to be applied by the Lender to the foliomilag items in the order set. forth: <br />fn 9twild rents, taxes, atz1atears, fire and other hazard insurance premiums; . <br />(111) interest on the note secured hereby; and <br />(run amortization of the principal of said note. <br />Any deficiency in the amount'of such aggregate monthly payment shall, unless made goad by,-,the Borrower prior -O . <br />the due date of the next such payment, constitute an event of dafault gmfer this mortgage. The Undifr stay collect a•"Itrti <br />charge" -no.to "OW. four cents (46) for each dollar ($I) of each payment mom ftwfifteen (lSyFdat)is;�in•ttrt+Qn{m ttr:covtsr_ <br />the extra expense involved in handling delinquent payment:, <br />;,:,, <br />3. That if the total. of the payments trade by the Borrower under (a) of paragraph 2 pr vg MWI exctxd the amount <br />of payments actually made by the Lender for ground rents, taxes and assessments or inswcanre;j ittms, as the case may <br />be, such excess, ifthe lean is current, at the opffon of the Borrower, shall be credited by;tlte Le'-iin subsequent payments <br />to be made by the Borrower, or refunded to the Borrower. If. however, the monthly ptybaents made by the Borrower under <br />(a) of paragraph 2 preceding shall not be su tient to pay ground rents, taxes and ors �ettta O insutance premiums, as <br />the case may be, when the same shall become dice and payable. then the Borrower shalt psi° t.'se fir any amount necessary <br />to make up the deficiency, on or befars the date when payment of such ground rents, tax t ;assessments, or insurance premiums <br />shall be due. If at any time the Borrower shall tender to the Lender, in accordance wfW -,Ithe provisions of the note secured <br />hereby, full payment of the entire P.isdebte ms represented thereby, the Lender shall; ;ii <br />
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