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awreviver mad [meow Cw4em" ad scree as 161111awc
<br />I- 'Picot Oor-owa will pay the i det PA tu.sskwisbellbre
<br />le n idi I Nvillep is reeerved topayAleedebt in whole oi in part on'.
<br />arprA,cipal and i-11 P
<br />i. Weby. ok lorrwAw will pay kv ik L evader, 04 Ilk first day Of MA
<br />tutuan11- voil-tbe asidw* is faly paid. thrAillow4g. Sam.
<br />(a) A wen aqW to the rowid m*04 if AMY, WAI die, Pto the
<br />pohcraa et( lore
<br />ftda*w husid *Ww"coveliag the 01AP-11 Y-PlIMMUSAW
<br />sackpise before or*filwA*bpnorio*adaftwheo$wAlmaW
<br />rem premtwm taxes and asesaments will be ccim ddulaco, swit
<br />VAM to beheld by t4vider in Mist to pay said Itnuad rents.
<br />PIPtNiVIRS, UXCS sad SPKiW AMMOMM AW
<br />(b) AU payeam ontilowd in the preceding subsection of this
<br />paragraph *4 an payments to be made under the am secured -
<br />bmby " be added together. and the aggregate amount thereof
<br />shall be paid by the Borrower each month in a single payment to be
<br />applied by the tx.Kk to the following items in the order so forthi.
<br />(1) 0110" Cents. taus. assessments, fire Lid Weer hazard insur-
<br />amp j--
<br />Off) iMeI ' 104 the Note secured beM)Y.
<br />(1111) am anhation of the principal of said now. and
<br />(IV ) taft dm ges.
<br />Any y in the amount of sucit aggregate monthly payment:'
<br />sWL unku mft good bj; the Borrower prior to the due date of the
<br />next swk;w
<br />youtt. comfitute an event of default under this
<br />nwregage,_i3w Lender may collect a tme charge" not to exccou four.
<br />cots (it ).-tier each dollar (f 1) of each payment more than fifteen:
<br />(15)days� days' in arrears to cover the extra expense in%olved in handli*-
<br />(a)of pomgmph 2 preceding shall ex the amount of pay'ftovw,
<br />actitaity made by the Lender for groutul rent, taxes and _==v�c4L
<br />or insurance premium% as the case may be. such excess, if the loan is
<br />came. at the option of the Borrower, shall he credited by the
<br />under ma.sifteilum paymenti to be made by the Borrower. cr.
<br />rtrun""I" The Borrower. 11, howetti%lbe monthly payments Imik
<br />1bydw.*)M." under (a) of psrsgts;fi I preceding shall not lad
<br />,-
<br />suWjiit9 to pay ground rcots. taxes 94 aWL9MnM Of insurance'
<br />VtMkora, as the caw may be. when the same shall betrmc due and
<br />ps7 siw�kiwm the Borrower shall pay to the Lender koyamouAt
<br />neamw9,, to make up the deficiency. on or Wore the elItc *ti-m
<br />psyr*,%t! 4 such ground rents, taxes, assessments, or imurar"
<br />premiums shall be due. If at any time the Rwro*cr,41nall ten&.1 liz)
<br />the Leader, in accordance with the provisions of tlrem'e secured
<br />hereby. full payment of the entire indebtedness represented thereby,
<br />the Lender ". in emputing Me anicion: of such indebtedness.
<br />credit to tie account of the Borrower any balance remaining in the
<br />fWA111 SWUMW&kd WMW the P(OVISWAS Of (8) Of PVMUPh 2 hereof.
<br />N tleere aeall be a "uh: under any of the provisions of this
<br />intriaiwat resulfift in a poblic mile of the premises covered hereby.
<br />or if the Lender acgijim. the property default. the
<br />Leader shall applti;,itit4iz time of the carnindritei6ent of such
<br />r t P 1
<br />j r i C or at the One the property is otherwise acquired. die
<br />'Ndaace tfteat reaueim4 in the foods mummloixl under (&) of
<br />patagraph 2 prece", as a credit -against tfift anitiant of principal
<br />dice remaining pripM',iinder said hope.
<br />4. That the Borrower will pay fecund Mts. taxes. assessments.
<br />**kt rater, a" 00" Sov"SOMW or MOOOM Clearsek Intl, or
<br />impoutiow for w1wk provision jen oak bow *AWe kneialietm
<br />ad in default tkm.d the Under nmy pay the sate; and that tk
<br />1111orrower * will pro"lily deliver the official rectipa dkrdw In the
<br />Lender.
<br />S. The furmwcr will pay all taxes which my be levied upon tit
<br />tender's CS1&W &M iMPONOCRO, and WMk
<br />may be WO&I u" tilt: iowurnent or the debt secured hereby (but
<br />only to tM extern. that sw* is not prohibited by law sed.only to the
<br />extent that stash will am mirkti tilit-Jou ummiouiN but excluding any
<br />inow to. State or FedvA imposed ' on Leader, and vA W the
<br />QWicial receipt dm*ft web paywat with 9k Leader. Vprm
<br />violation of this undertaking. or if the Borrower is prohibited by any
<br />law now or hereafter existing firtim paying the4hok or any portion
<br />of the albiesaid taxes. or upon the rendering ofatiy court dexxee
<br />prebibitino the payment by the Borrower O(Nny such taxes, of if
<br />such law or decree provides that any aniouat so paid by the
<br />Borrower shall be v"Ied on the debt. the Lcadiw s.lealll have tk
<br />right to give ninal!t*ys' written notice to the OWW&T of the p"im
<br />requiring the payment "of the debt: It such notice b&jim, the said
<br />debt shall becafttime. payable and collectibli at The expiration of
<br />aid ninety doys.-
<br />6. That should• the Oorrower fail to pay any step im, keep any
<br />Covettant'liffivided fit- 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 owinS on the said am, shall
<br />befskmurri hereby, and shall bear interest at the ato set forth, in the
<br />•said note. until
<br />7. That the Borrower hereby assigns, tramilet s *4 sets over to the
<br />tender, to be applied toward the payWat of the' note and all sums
<br />secured hereby in can of a defaA * the 90formance of any of the
<br />terms and conditions of this instra".tellic awme. all the rents
<br />revenues and income to be derived from,ilia s*d, pitmises during
<br />such time as the indebtedness shW rmvaia vg'Otii4 aaid the fender
<br />shall have power rp appoint any Vent or &VM it may M4'v far• tht
<br />purpose of repair=4 said premises and of rcndq The same W. '
<br />collecting the rent:., revenues and income, and iii imay pay out of said
<br />incomes all cxpcnw of repairing said premisa m(A necessary
<br />commissions and expenses incurred in rengingirrit managing the
<br />same and of collecting rentals lbeWroin; the Wince remaining, it
<br />any, to he applied toward the discharge of said indebtedness.
<br />8. That the Borrower will keep the imprGnr4uYr.is now existing or
<br />hereafter erected on the property, insur;;d a atity, lie required from
<br />time to time by the Lender againit, W% by Gii., Qrd other hazards,
<br />casualties and Earifingmies in sa�,&mg*PW'wd for such periods as
<br />may he required by the Lender and will pay INkimptly, when due,
<br />any premiums on mil insurance. provision kr payseffit of witch
<br />has not been made hereinbefore. All insurance shall be carried in
<br />companies approved by the Lender and the policies and renewals
<br />thereof shall he held by the Lender and have attached thereto Im
<br />payable clauses in favor of and in form acceptable to the Lender. In
<br />HUD-92143DI-I
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