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<br />I
<br />100979
<br />
<br />88-
<br />
<br />lIorrOlH'r and L('nd('r eov('nonl and a~r('(' as follows:
<br />
<br />r
<br />
<br />I. That Borrower will pay lhe indebll'dnes,. as herl'inbefme
<br />provided. Privilege is reserved 10 pay the debt in whole or in pan
<br />on any installmenl due dale,
<br />
<br />2, That, together Wilh, and in addilion la, the monlhly
<br />payments of principal and interesl payable under lhe terms of the
<br />naIl' secured hereby, the Borrower will pay to lhe Lender, on the
<br />firsl day of each monlh until the said nOle is fully paid, the
<br />following sums:
<br />
<br />X_WI, ~m~~~XIl~xmiIlKX
<br />~ ntX~~~m~wm~xxlOO
<br />~~~~>>xxx
<br />~~~um:}a~~~JtI~XXXXXXXXX
<br />U~~X~mJ(XXllmXXX}OOl~n~.JXXXXXXXX
<br />
<br />XXXXX~X)<>mlOO1(XllXJaQmmx~~xmXililXIOOX
<br />ll~lllOOlXmKUXXlQ(xmXiXmJOO(~~XX
<br />lOOllI~xxmWWXWxmlXmitX~lOO(Xl(IIXXXXX
<br />maxuxmmmxxwm:m>>xlIXlIXKlimxm.xmD~X>>XXiOOOOO
<br />~mmw~KXlOOIW~~WXlOi).t(>>Xl(mJ(mllXx
<br />~~X~WlWlXXXIIMXmXXX
<br />\lDi(~~lOOimIWlCmXllXmJ(~XlIl(XxxXXXX
<br />X8lWl~lWOUxupD~XlXXXXXXXXXXXXXXX
<br />XXXXX X X X X M~
<br />
<br />X
<br />X
<br />XXX
<br />
<br />
<br />(i) nn A sum equal ILl the ground rcnts, if an\', next due. plus !he
<br />premiums that will neXl become due and payable on policies of
<br />fire and other hazard insurance co\wing Ihe propertv, plu" laxes
<br />and assessments next due on the property (all a, e>cimaleJ /n lhe
<br />Lender) less all sums already paid therefor di\ ided by lhe number
<br />of momhs ILl elapse before one (I) month prior to lhe dale when
<br />such ground rents, premiullis, taxes and asse'5mems II ill become
<br />delinquent, such SIUIIS to be held by L"!1der in Irusl ll) pal said
<br />grouild rems, premiums, laws and specIal assessmenl\; and
<br />
<br />(b) Xl(} All payments memioned in lhe lwO pre.:eding ,ubsec'lions c)f
<br />this paragraph and all paymenls to be made under the note
<br />secured hereby shall be added ILlgelher, and the aggregate amoulll
<br />thereof shall be paid by the Borrower each month in a single pay,
<br />mem 10 be applied by the Lender to the following items in lhe
<br />order sel fOrlh:
<br />XX
<br />
<br />
<br />(1) ~) ground rents, I.Lxes, assessmelllS, file and olher haL<ud
<br />insurance premiums:
<br />(II)...xx. .
<br />}(JO) 1Il1ereSl on lhe nOle secured hereby;
<br /><III)(~) amortizalion of Ihe principal 0f .,aid nore: and
<br /><IV) ~) lale charges.
<br />
<br />Any deficiency in lhe amoUIll of such aggregale monthly pay,
<br />menl shall, unless made good by the Borrower prior 10 the due
<br />dale of Ihe neXI such payment, constitute an e\enl of default
<br />under lhis mortgage. The Lender may collect a "lale charge" nor
<br />10 exceed four cents (4CI:) for each dollar ($ I) of each paymelll
<br />
<br />RLRECOf?DEO
<br />~ 88-
<br />
<br />101080
<br />
<br />more than riftl'ell (I~) day' in arrcars 10 (OVt.'1 fhe l'\lra l'\pen\c
<br />imolved in handling delinqllenl pavmenl'.
<br />
<br />J, ThaI if Ihe lotall1f lhe pa)ments made by Ihe Borrowel
<br />IInder NX~.tI1' paragraph 2 preceding shall esc'eed I he amOUlll of
<br />paymenls actually made by lhe Lender for ground renls, laxes and
<br />aSSeSSI11ents or inStlranCl~ pn:l1liUIllS, as the case may be. \lIch ex-
<br />ce.,s, if the Ic)an i., curren!. at Ihe option of Ihe Borrower, .,hall be
<br />crediled by lhe Lender on "ubsequenl payments 10 he made hy lhe
<br />Borrower, or refu"ded 10 the Bl)rrower. If, however, lhe monlhl\'
<br />payments made by lhe Borrower under NX~ijj' paragraph 2 '
<br />preceding shall nol be .,ullieienl 10 pay ground rents, taws and
<br />aSSl'SSllll"llls or insurance premiums. as the \....ase l11ay be. when the
<br />same shall hecome dlll' and payable, lhen the Borrower shall pay
<br />10 Ihe Lendl'r am amlHlnl necessary to make up lhe deficiency, 011
<br />or bl'fore the dale whell paymenl of such ground rents, taxes,
<br />as"'"'ssl1lt'llh. l)I iJlsllrarl\:t~ prl..'miUlllS shall be due. If at any tinlC
<br />llll' BOrllll\l'I ,hall lendu 10 ihe Lender, in accordance with Ihe
<br />provisions l1f lilt' nOle sel'llred herel)\", full paymenl of lhe etllil-e
<br />lndehll'dness rl'presented lhereby, the Lender shall, in compuling
<br />lhl' amounl of such indebtedness, credil 10 Ihe account of the Bar,
<br />I,m er }ID(ml(~>>Xl()IlO.'OO1XXI(KlIlIXXIlXXj(KOOOEXDXXOlxmxOl~
<br />XX~nIlX~Xi(rooIWX<>>X~WX1(XXlOXlmmroBKlIXMXmmXXItXX
<br />~XJ(IOOIl(XlCXUOlIIXII>>XXlIX~X<<<<Km~XlIlO~lOny balance re,
<br />m:lIll1ng in the IUI~ds accumulated under Ihe prov'i.,ions of MXl of (a)
<br />1':II";'laph 2 heleof. If Ihcre .,hall be a defauh under any ,)1' lhe
<br />j11\l\ l'hHl' llf Ill" in'trullll'll{ resllhing in a publi\.: ...ale l)f (he
<br />!'It'IIlISC.'S \.'l)\c..:'red hereby, or if rhe Lender i.1cquirl.'s (he property
<br />"thenc ise afler defauh, lhe lender ,hall apply, al lhe time of the
<br />,'"mmencemelll of such proceedings, l)r at lhe lime the properly is
<br />l)lhcf\\ ist.' i.lLquired. [he balanl..."l' thcn rClnaining in the fUIH.b ,h..'-
<br />eumulaled under <Xi (~f paragraph 2 preceding, as a credil agailht
<br />lhe amount of principal then remainine unpaid under said lillie,
<br />xxm:xnMmxmxmm~mxxxmmixmQ~xtxllx~xtxmxxxx
<br />Xllll~X>>mxxmX!fxwllxmdx
<br />
<br />4, ThaI the BorrO\c~r llill pay ground renls, la\~s, :!"l's"lIl'nts,
<br />\\al('r rale~. and otht.'T go\crnmclllall..H lllulli\:ipal dl~trg.l". rjIlt.'\,
<br />llf itnpo~ition'. for \\ hieh pflnision has nOI bl'l'll madc
<br />hereinbefore, and in defaulr Ihereof lh~ Lender lll'l\ pa\ the ':\llIl';
<br />,1I1d thaI the B,'rr,"'er lllll pn)lllpll\ d~hv~1 the "fflcl:l1 'l'cnl'l'
<br />lh~r~fl)r 10 lh~ I ~nder.
<br />
<br />'. The Bllrn1\\er II ill pay all la':es II '1Ieh Illal h~ In Il'd lIpon
<br />the Lcnder.' interest in 'laid ft.'al ('~lall' and JlnpIP\l'tlll'llh. .Itld
<br />llhich may be lelied UPlH! this insrrulllent ,n Ih~ ,khl Sl'<"uled
<br />hereby (bUl only to Ihe eXlenl lhal such" n"t prohibited h\ lall
<br />and only 10 lhe eXlelll that ,uch II ill not Illake thi, loan usurious),
<br />but excluding any income tax. State or federal. impo,ed on
<br />lender, and wil! file [he offidal receipt ,howing '''e'h palllle'nl
<br />\\jIh the l.cnder. LptJIl \inla[lllll t)f this 1IIldcrt~I"'lIlg. \11 I( Iht.'
<br />Bllfr...1\\l'r is prohibitcd by ;1I1~ la\\ I1t.H\ IH herl';tfICI c\i-..rin!! ffl)11l
<br />paying the llhole or any portion of lhe ,tforc',alll taxes, or upon
<br />thl' rendering of any court decree prohibiting the' payment hv the
<br />Borrower of any such taxes, or if such lall or deeree prO\ ide, thaI
<br />any alllount \0 paid bv the Borrower .,hall be eredlled on lhe debt,
<br />the Lender shall have the nghl to gice ninelv days' llrillell notie'l'
<br />t,) the owner l)f lhe premise', requinng lhe palment of the deb I.
<br />If ,ueh nOlice be given, lhe said debt .,hall become due, payable
<br />and colleclible at the l'\plratlon of said ninety days,
<br />
<br />6. ThaI should lhe Born",er fail to pay an) slllll or keep al1\
<br />cOlenant provided for In lhis inslrumenl, then the Lenlkr. al its
<br />oplion, may payor perform the same', and :t1Il'\pl'nditurl's Sll
<br />
<br />HUQ,92143DT
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<br />Page 2 91 5 ,
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