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<br />88-
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<br />100979
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<br />lIornnH'r lInd Lt'ndt'r t'OWlHwl lInd lIRr~~ liS follows:
<br />
<br />I. Thai DorrO\\er \\ III pa\' Ihe 11Idebledlle". as herelllbefore
<br />pro\'ided. Pri\'ilege is reser\'ed 10 pay Ihe dr'bt in whole lH ill ran
<br />on any imtallmellt due date.
<br />
<br />2. That. logelher with, alld in addilion 10, Ihe momhly
<br />paymems of principal and interest payable under Ihe tenm of the
<br />note secured hereby, the Borrower wiil pay to Ihe lender, on Iht'
<br />first day of each month until the said note is fully paid, th'
<br />following sums:
<br />
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<br />
<br />(a) XN) A sum equal 10 Ihe ground renls, if an\. nexl due. plus Ihe
<br />premiums that will next become due ami payable on roli,'ies I)t
<br />fire and ']Iher hazard insurallce CO\ ering the proreny, rlus laxe'
<br />and assessments ne.xt due on Ihe rroreny (all as esrimJ(t'd h\ rhe
<br />Lender) less all SI11llS alread\' paid therpfor di\ ided b\ the lIUmbel
<br />of months 10 elapse before one (I) lIlL1nlh rricH 10 the Jail' \\ hen
<br />such ground renls, premiums, laxt's and a"e"mt'nls \\ III hec'omc
<br />delinquent. such sums to bc held by Lender III Irusl III ra\ s,lId
<br />ground rents, premiums, taxes and special a"c"menls; alld
<br />
<br />(b) X<<> All payments metlliOlled in the Iwc) preced1l1g suhsedll"h of
<br />Ihis paragraph and all payments 10 be made under Ihc tWle
<br />secured hereby shall be added together, and Iht' aggregale amount
<br />thereof shall be paid by the Bnrro\\er each monlh III a Slllgle pay,
<br />ment to be applied by ,he Under to the following items in the
<br />order set for: h:
<br />
<br />
<br />(I> ~~) ground rents, taxes, assessmenlS, fire and fHht'r hazard
<br />insurance premiums;
<br />
<br />(II) ~ interest on the note secured herd'\;
<br />
<br />(1II>(j6X) amortizalion of the principal of said note: and
<br />
<br /><IV) ~) late charges.
<br />
<br />Any deficiency in the amounl of SUch aggregate monlhl\' pay.
<br />ment shall, un Ie" made good by Ihe Borro\\er rrior 10 the due
<br />date of the next such rayment. comtitule an e\ enl of default
<br />under Ihis mortgage. The Lellder may collect a "late charge" nOI
<br />to exceed four cents (4lt) for each dollar ($ I) ;Jf each paymenl
<br />
<br />Illore than firll'l'll (I~) lb~.., in arrear' Ip l.."ll\CI Iht' e\lra l'\pl'IlSe
<br />ill\t)"l'd in h;llldlill~ delil\l}Ul'1l1 p<l\llll'll!....
<br />
<br />.1. Thai If Ihe IOlal 1'1' 111l' pa\'melils made by Ihe Borrllwer
<br />under l'Uj~f paragrarh 2 preceding shall t'xceed Ihe amoulll of
<br />payments actually made bv Ihe Lender for ground rents, taxes and
<br />aSSeSSnll'nlS l)[ insurancc prt"Iuiull1s. as the case 1l1ay be. such ex-
<br />,'ess, if Ihe loan is ,'urrelll, at Ihe oplion of Ihe Borrower, shall be
<br />,Tedited b\ Ihe lender on snbselJUenl payments 10 be made by the
<br />Borrower, l1l refunded Il' Ihc BornH\er, If, however, Ihe monthly
<br />paymcllls made hy Ihe Borrower under l'Il'j~f paragraph 2 .
<br />preceding shall nOI be suffi,'ienl 10 ray ground rents, laxes and
<br />assessmenls or insurance rremiums, as Ihe cast' ma\" be, when Ihe
<br />same shall become due and ravable. then the Borrower shall ray
<br />10 Ihe Lender any amount necessary 10 make up the deficiency, on
<br />or hefore Ihe date when paymem of such ground rents, taxes,
<br />assessmenlS, nr insurance prc'miums shall be due. If at ,Ul\ lime
<br />Ihe Bormwer shall lender 10 Ihe Lender. in accordancc \\ilh Ihe
<br />pro\ isions of Ihe note secured hereby, full paymenl l)f Ihe enlire
<br />indebtedness represen!ed Ihereb\', the Lender shall, in ,'omputing
<br />Ihe amounl of such indebtedness, credit 10 the aCCOUlll of Ihe Bor-
<br />ro\\'er )W(~>>Xj(~X<<lOOOXXMmIK<<XJG(lIm~XM>lX
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<br />~1I>>JXJ'JIXH~)lXIl>>XXM~~~IIlOXk)ny balance reo
<br />maining in lhe funds accumulated under the provisions of 100 of (a)
<br />paragraph 2 hereof. I I' Ihere shall be a default under any of Ihe
<br />rm\isions nf Ihis imlrumem resulting in a public sale nf Ihe
<br />premises cO\ered hereby, or \1 Ihe Lender acquires the properl\
<br />11Il1er\\ise afler default, the Lender shall aprly, al Ihe lime of Ihe
<br />\,."l)IllI11enCcrnenl of ~lh.:h prlh:l'cding\. or at the titlll' the pn)perlY I'
<br />llthcp\ i~l' ;jLLlUired. {he balalh:e thell H~Inaining in {he fUIllh a....-
<br />,'umulaled unJer (X!I('d raragraph 2 preceding, ;,s a credil aganlsl
<br />Ihe amount of rrincipal then remaining u'lraid unJer said IlIlIC. .
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<br />
<br />...1. rhat lhl' Bl'fIl)\\Cr \\ill pa~ gn.1\IIlJ rl'l1h. [a\l'.... <.i...~e"..I1ll'llh.
<br />\\~Ill~r rate.... and l\[ht."r gl)\t."rnnll"ll[ai tH 11111Ili....iral ~-hafge... fill\.'''.
<br />\.ir Il11l1lbi[IOlh. ft)r \\ hich prl)\ i\10n ha\ nl1r l"lr_~l'll Ill~lJ('
<br />hereinbefore. and in default Ihereof the Lendn ma\ 1'.1\ Iht' ,ame;
<br />~IIlJ that [he Bnrn..1\\t."r \\ ill I'n)nll'fl~ Jdi\t."f [he llffi....ial r\.....l.iph
<br />Illc'lt'fm to I he Lender,
<br />
<br />fhe Borrc1\\cr \\ ill ra\ .111 laxes \\ hl,'h may be In led up,'n
<br />lhe I.cnder's inlere,1 in said real estate and imrrt)\Cme'nts, and
<br />\\ Iiicll ma\ he Ie\ led upon this instrument or Ihe deht ses'llred
<br />hereby (but only to the eXlent Ihat such is no: prohibited hy Ia\\
<br />and only to Ihe extent that ,uch will not make Ihis loan usuriousl.
<br />but excluding any income tax, Stale or Federal. imposed I)n
<br />lender, and will file lhe official receipt showing such pavmen:
<br />\\ ilh tile Lendel, L"ron \ iolation c)f this underta~ing, 111 if Ihe
<br />Borro\\e'f is prohioHeJ by any la\\ no\\ l'f hereail~r t."\i,ting f[()111
<br />raying the \\hole lJr an~ pl)rIion of [ht~ afore,aid [a\.e". \.l[ upnn
<br />Ihe rendering cf any cOUrl decree prohibiting Ihe pa\'menl h\ the
<br />Borro\\er of any ~uch taxes. or if ~llch la\\ or de...Tee pflnidc!'l that
<br />any amounl so paId by the Borrower shall be credned 1m IlK' deh!.
<br />the r _l~nder "hall ha\ e t he right h,) gi\ e IlIIll"ty Ja~,,' \\ rlltl..'ll Ilnl i~'l'
<br />III Ihe o\\ner of [hI..' rrerni"e". reqUiring the pa~JllI..'1l1 llf thl' Jl'bt.
<br />II sUcll Iwl1ce be' gl\cn. tile s'lId Jehl shall bc,'I)me due. I'a\ahle
<br />'lIld colkc'libk al IIle' cxrirar.on llf s;lId nlnt'l\ da\,.
<br />
<br />6, 1"llal ,hould Ille IlllrrO\\er fatl Ic) ray any sum 01 keep an\
<br />cO\e'nalll Plll\lded 1111 In IIlIs Insllllmelll. then Ihe' I cnder. .11 liS
<br />opllon, ma\ pay 01 perform tilt' "line, ,1I1d ,III nl'endilures sO
<br />
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