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- - -- - 89--- 104948 . (a) A sum equal to the ground rents, if any, next due, Plus the premiums that will.next become due atW payable on i policies of fire and other hazard insurance covering the property, plus taxes and assessments next due on the property. (all # as esthni red by the hinder) less all sums already paid therefor divided by the number of months to elapse before one (%) 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 ground rents, premiums. taxes and special assessments; and r(b) All payments mentioned in the preceding subsection of this paragraph and all payments to be made under the we i secured hereby shall be added together. and the aggregate amount thereof shall be paid by the Borrower each month in a b single payment to be applied by the Linder to the following items in. the order set forth: i fB ground raids, taxes,assessirients. —fire and other hazard" insurance premiums; (1n interest on the note secured hereby; and j (IM amortization of the primMd of s9d. note_ Any deficiency iii � e amount of such aggregate rMntf q yment .�isG unless made good by the Borrower prior W the due date of the next such payment, constitute an event �fz�i.�rault unckr.d s: i;Ttie Lender may eailect a -late char root to exceed four cents (4c) for each dollar (S1) cfr each ec¢,t 'Teen (15) days is nudes to cover : f: ge.x, payer; 1 "expense involved in handling delinquent payments. if the total of the payrr -ts made by the Borrower under (a) of paragrapk J.�' 'amount, t of payer actually track by the L0Ga3r�t. for ground rents, taxes and assessments or insurance premiums, as :se may be, such'extess, if the loan is cum�'�.er(tcc —W49n of the Borrower, shall be credited by the Lender on subsequent payments to be made by the Borrower, or refs n:, :,1=i rune Borrower. It however, the monthly payments trade £fir the Borrower under }` (a) of paragraph 2 preceding shall � za •'be sd&ient to pay ground rents, taxes and assessments or insuranee premiums, as the case may be, when the same sh&M become due and payable, then the Borrower shall pay to the Lender any amount necessary to make up the deficiency, on or before the date when payment of such ground rents, taxes. assessments, or insurance premiums shall be due. If at any.,*ne the Borrower shall tender to the Lender, in accordance with the provisions of the note secured hereby. full paymw-..*Tthe entire indebtedness represented thereby, tte Lander shall, in computing the amount of such in- debtedness, credifwts'thhe account of the Borrower any balance remaining in the funds accumulated under the provisions of (a) of paragraph,?: hereof. If there shall be a default under any �of the provisions of this instrument resulting in a public sale of the premises covered hereby, or if the Lender acquires mob.- property otherwise after default, the Lender shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then re- } maining in the funds accumulated under (a) of paragraph 2 preceding, as a credit against the amount of principal then remain- ;- ing unpaid under said note. 4. That the Borrower will pay ground rents, 'axes, assessments, water rates. and other governmental or municipal charges, i fines, or impositions, for which provision has >nt: been made hereinbefore. and in default thereof the Lender may pay the. same; and that the Sarumwer will promptly d&igr the official receipts therefor to the Lender. S. The Borrower rii11 pay all taxes which may be levied ispon the Lender's interest in said real estate and improvements, and which maybe !tuned upon this instrument or the debt secured hereby (but only to the extent that such is not prohibited by law and only to tfaa:" "extent that such will not make this loan usurious). but excluding any income tax, State or Federal, r imposed on Leader, and will file the official receipt showing such payment with the Lender. Upon violation of this undertak- ing, or ififte Borrower is prohibited by any law now or hereatiawaxisting from paying the whole or any portion of the aforesaid taxes, or'agon the rendering of any court decree prohibiting-,2w payment by the Borrower of any such taxes. or is such law or decree provides that any amount so paid by die Borrower shall be credited on the debt, the L txaler shall have the right to give ninety days' 4;ritten notice to the owner 4 � the prenrlses. requiring, tl:e payment of the debt, I: Ssuch notice be given, . the said` dOn shall become due, payable and Collectible at rise expriation of said ninety days. 6. That should die. Borrower fail to pay any sum or keep any covenant provided for in this insrnment, then the Lender, � at its option, may pay or perform the same, and ail expenditures so made uhall be added to the prim ipal sum owing on the. � above note, shall le soured hereby, and shall bear interest at the rate salt forth in the said note, until paid. r' 7..That the Borrower hereby assigns, transfers and smb iwtw to the Lender. to t e -applied toward the payssent of the note and all sums secured hereby in case of a default in the perfcrmance q6twj of the terms and conditions of this instrument or the said note, all tW rents, revenues and income to be derived from the :rent pm arises during such time as the indebtedness shall remain unpaid, anal the Lender shall have payer to appe nt any agent or agents it c7,ay desire for the purpose of repairing ! 1 said premises and of renting the same and collecting the rms, revenues and income, utd it may pay out of said incomes all expenses of repaiting said premises and necessary connu.i v ions and expenses incurnd in renting and managing the same and of collecting metals therefrom; the balance remaining, :'r" any, to be rpplied toward the discharge of said indebtedness. 8. That the Borrower will keep the improvements now existing or hereafter erected on the property, insured as may = be required from time to time by the Lender against loss by fire and other hazards, casualties and contingencies in such amounts and for such periods as may be required by the Lender and will pay promptly. when due, any premiums on such insurance provision for payment of which has not been made hereinbefore. All insurance shall be carried in companies ap- proved by tli. Lender and the policies and tennewals thereof shall be held by the Leader and have attached thereto loss payable i clauses in favor of and in form acceptable to the Lender. In event of loss Borrower will give immediate notice by mail to the Lerder,who may make proof of loss if not made promptly by Borrower, and each insurance company concerned is hereby Y authorized and directed to make payment for such loss directly to the Lender instead of to the Borrower and the Lender jointly, and the insurance proceeds, or any part thereof, may be applied by the Lender at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. in event of foreclosure of this instrument or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right. title and interest of the Borrower in and to any insurance policies their in force shall pass to the purchaser or grantee. 9. That as additional and collateral security for the payment of the note described. and all sums to become duc under c _ this instnu(mnt, the Borrower hereby assigns to the Lender all profits, revenues, royalties, rights and benefits ;accruing to the Borrower under any and all oil and gas teases on said premises, with the right to receive and receipt for the sane and Page 2 of 4 Form HUD-92143-DT Rev_ 2188 6LPJ r.