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<br /> � � ...____---- __.��____..._.----- ----._._..��-�CV�J�-1� �..___� --�-•- ----- � ' ,.
<br /> ��K���v����,�,��y�ws; or if the Lcnder acyuires the property nthecwise aftcr d+efiut�the �
<br /> Lender sl�li applv,at the time of[he commcrnYment oi suc6
<br /> �, 1.Thu St�trawtr wili psy
<br /> the indebl�.as herrinAeforc ptoacdit�.or�t tUe��qt the prapeny is otfierwise�cquired,the
<br /> �,Priw'kie�rtser+rtd ta ixp t�e�ie wkok a in{�art on ixlarrmt then�mainirt�in the[undsaocumulstai under(a)of '
<br /> any idstaltment due dtte- par�rapA 2 prea;din6.as a iredit a�inst t1�c�sous�t oi principal
<br /> , then rcmamins unpaid undcr siid nnte•
<br /> �.Thtt,ta�ether with.and in sdd'+tion to.the monthlY paYmentS ,
<br /> - ai�iwaptsd iet�at 1�yabk��t�e��ti�e ncKS socurtd 4.Tbat the Bon't�wsr will qY 8tound reecs,taxes.�.ssessments. . -
<br /> hereby.tpe Barower•.witl p�y w tl�E�der.a�tIK:fi�st day af c�ch wat�r raus.and-aHu=ovsrna�ental or municap�l ch��a,Cures.or _._<.
<br /> m o n t h until the s�id nate is tYlly Psid•t1�e idbwing sums: ��1 ��t���r�����,nd that the `
<br /> (s)A s�m oqu�1 W tlia Sroa"d reets.if any.next due.���`re ��(ef will promptly deiiver tUe oPGcis!raxipts t6crefor to[be . , "
<br /> prtmiums tluit will next bxome due and payabk on p� , .. �."`.
<br /> �M!otMer l�urd insuance covcrinE ti�e RropertY.Wua hxes and . . ..
<br /> �wext dne oe t�e Propehy('�1t°s��°���'JIYe Lendu) 5.TNe Borrowt�will pay all taxa wfiich may be levied npon the , .
<br /> � :.`r«.:;.;.
<br /> tdt alt iwn allrc�dy Paid therefar div�ded by t6e number oi a�on d eis�he•s�iued upoo h s instrume=nt adthe�debt secared hercbY(bnt ,
<br /> ' w elapre 6eforc one 41)m�aath prier co the'date whea sucn jrow�
<br /> r+�n�s.pnmiums,tues and a�ss�nu will ba.'ome deliquent,such only w d�a extent thst such is not prohi6ited by la�and onty to tlie ,
<br /> aums w be held by L�ender in Irust ta QsY s�id Erannd ren4c, extent tb�=�!�will not mske this la�n usarious).�t�xcc�a►na ax,y . .
<br /> at auessments:#� incom�txr�,�uu or Federal.imposea on l.ender.and wll Cle tLe
<br /> pnnoiums,wces snd speci officia�ra�a�t shawing such paYnxnt with tl�e Ctnder.Upon . . ;
<br /> (b}A11 payments mentinecd in[Ae preadieg sutnuxion of thi� violation�f�this un�e�c�king,or if the Borcower is prohbited by fa;�
<br /> ������I p�ymtnu to(x made under tAe nnte savred aw aow or lurcafter ez�ting from�yina t]�e whole a a�y P�ion
<br /> rp,�y����dded to6eU�r,snd the a�regate amount thertof of the afesesaid taxes,or upon the readcring of any court da�a
<br /> shsll be ptid by the Bortower r,sch manth in a singic�±+mem to br prohiEiti.�g the paYment by the Sorrawer oE iny such t�xes.ot if',
<br /> ��by/���der W the foliovrina itenu in the c+?dk�'set fonh: s�law or decree provides Ihat any amouet so p�id by thc
<br /> � 6orrower shal!be credited on tltie deM,d�e l.End�r shsll hsve th�
<br /> ; ���6������a,,�mcnts.fire and other hazard insur- right to give ninety days written notice to the owaet of the premises.
<br /> ;����; requiring the payment of tht deb1.lf such notict 6e�"sven.the s;id
<br /> ckbt stutt became due.paYable and aollectible�t the eapiriciar.«f ,
<br /> (i!)interat on the ect�secured hsrcby: stid nu�s��Ys• .
<br /> _ (lll)��of tt�'e principa�l ot ssic!note:and , . ; .
<br /> 6. 'f�t:silould the Borrower[al to piy any sum or�exp an�t.' -� -
<br /> pV►lite chrraes. covenauz:.�ovided fec i.n this instrument,then tfte Le3sder,at i��' _; ,
<br /> dg Y Pa5 � optio�,ru�?R piy or p�'Form the s�me.and aIl eap�ditarts so cn:�e �
<br /> Any deficiency in the amaunt of such a rsgsce m-cnthl �`T�� s�F�����tQ the princip�l sum uwing on the ssid note.s�rLr i
<br /> shall,unless m�de goad by the Sorrowes pri�er�o�h��f":.�e date af the �
<br /> ��t�b pRymenG oonstituu an event of dcfa�a ws►3€�'.this ��ared hereby.aed shdl beat interal at the rate set forth in the
<br /> mort�Ke,The Lender may colkct a"I�z w�-,�'�2o exceed f�vr �,d note,until pai�.
<br /> ants(4t)for each dollar lSl)of each�3rc�c��s�^'+=�'�sh�n fifceen
<br /> (I5�days in arrears to ec�ver the e�tra e��ense ies+:�a��•�3 in h�ndling 7,7'hat the Borrower hereby ass�B m��of the note an all sum�
<br /> delinquent payments. Lend��.�n be applied toward the pay
<br /> secunxl:l:*,ereby in case ot a default in the pe�formance of any of the
<br /> 3. 71utt if the total of the paymcr.c.���de bY�he BoROwtt under tcrms�nd conditions af this instrument or the sai0 note.all the rents,
<br /> —� -- (s)of W�iE�Dfi 2 Pr�ing shxti ex.�x.�the ama�ni���ay�c:�ta «vanacs and imvj��r,,�s bc dcri�re0 frflm the said{xemises during . ._
<br /> �ctually made bq the l.ender for gruun+t rents,t�xes and assess�ner.cs ;uct�ti^�e as the indcbtedness sAall remaiq unptid.aed che�ende�
<br /> or insuance premiums,as the csse maY be•such excess,�f the loan is sha��f,�;,e pdwer to appoint any agent or��en�s it may desire for the '
<br /> curtent,at the optian of Ihe Borrower,sh�lt be credited by the p�rpos�ot repsiring ssid premixs a�d of rentina tht same an�
<br /> Len�kr on sub�equtr�t�sY�^
<br /> a��be mabe by the 8orrower,or ��l�d�ng the renu,revenues and income.tnd it may pay avt'c:�ssid
<br /> � �z(�ndtQ co the$orrowet.If,how�ver.the monthty payments�:e inuimes all expenses ot rep�iring said premises and eecessary
<br /> by the BacTOwer under(a)of partgr�ph 2 prcceaing shnl!not I� �;�,mmissians and eapenus incurrca in rcnting and mina�ina the
<br /> r_�e�n�l of colkcting rent�ls Rherefrom:the baunce remsinina,if
<br /> ` sufficient to p�Y�round rcn�.taxe±sRd:�se'.�sae":.�'"�'�«<rar•c;e �n�.r,^.ae Apptied toward the discharae of said�ndebteQn�s�., ;��_
<br /> premiums.as the cue n+sY be.when the same ch�l�t+�:�:ne duc and
<br /> p�Yable.tl�en the�orr�wcr sfisll piy to the l.i.�xni►�';;:�y smount
<br /> �y to matce up the deficien�.-�':�i'-►"�r txCore th�d�te when g.'��,�;the Barmwer will kecp the impruvements nou•.�c�siing or
<br /> piymext�if such 6round cents,t�zr.s a,�sessments,n�insuranc� hereatiLr e:;cn;ted�3n the property.insured u may be requ�r'ai from
<br /> premiums sl�all tie duc.If tt any t4nk;��ffONtt SI19II ICQCCP:o �;mY r,�.fiire by the i.ender sgainst loss by fire artd other hazards,
<br /> • tAe 1,,ender.in acwc�l�;a►:e wilh the Orovision���I'�he notc secured c�i+wbi��:�nd continsencies in such amounts fn�d foi su����s�3
<br /> � hereby.Wli p�yrnet�t wl elre entire indebtedn�ss rcprt�ented thercby. �xy.{�,�equired by the Lender and will p�y P m�ment ob wttr�h •
<br /> ss
<br /> tl�e i,cnder s1a11,in computin�the a�sount of s�c�t+indebtedness. h�n�1 betn msde h CiHbEforc.All insuraACG�1 b�Artitd in
<br /> cr e dit to the�ecouet 6t t1�e Borrov�Yr eny�+lance remainin�sn the
<br /> funds accumulated ueder the prcr;i5i�5��s of(�)ut para6rapb Z hcr�:oi. �ampanies approved by the l.en d er an d thc p�.•liaes and rencwals
<br /> If thea shall be a dtiitu�?�.undcr ar.�oi the provis�ns of th�s lherenf shall be hcld by the L.ender and h�vc att��=hcd the�etn tass
<br /> ie�trament raultin�'si��a Public saftotthe premFsi�•r.�vered hereby, p9yabte clauses in favor of and sn fUrm acccpt«U'x E�ehe 1�t�icr.In
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