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SB- 102604 Borrower and ~nder cO\lcnanl and aglft as follows: more than nfleen (IS) days in arrears to cover Ihe eXlra expense involved in handling delinquent payments. r ). That Borrower will pay the indebtedness. as hereinbefore provided, Privilege is reserved to pay the debt in whole or in part on any installment due date, 2, That, together with, and in addition to, the monthly payments of principal and interest payable under Ihe lerms of the note secured hereby, the BorrowC'r will pay to the Lender. on the first day of each month unlilthe said nOle is fully paid, Ihe following sums: ~~~ JIHJ)l8~JIIIDJQaIlll: , " K1aXk JdlQOl . ~ JOt'~~~ )&;~III:6dD~~lS ltt?lKZlldaar~~~ ~~mxm::KlIlIIlIlIJmIlf(ic:iC'KKKKlI&X~ Jbax~lIcb:DtGllXKDtXIDIlDlabJaxir:lt~IIJOt~ ~iamx~~ ~~~ JbmlJOr:lallll~xlradmiDnaX~:DtaX :l'3IlI'H:IIIlIt.edlcuut2Jllldiabllldbf~~ 1(idtJticJalldc~X'XCCKd:iKlK::Jl~ XJImt~.kidmntD;c~ ~~- .~ ~ltJtl1OmCllK~nt:llOKIllOOCp;XDlDll~It~X ~ x1uCXlIIZx:uqllIlIU:~ldtX~~ ~ (a) * A sum equal to the ground renls. if any, ne\\ due. plus [he premiums thai will next become due and payable on policies of fire and other hazard insurance covering the property. plus taxes and assessments neXI due on Ihe property lall as estimated by the Lender) less all sums already paid therefor divided by the number of monlhs to elapse before one (I) momh prior to the dale when such ground rents. premiums, taxes and assessments will become delinquem. such sums to be held by Lender in trus1 10 pay said ground rents, premiums. laxes and special assessmems; and (b) U ..\11 payments memioned in lhe two preceding subsections of this paragraph and all paymenls to be made under the notc secured hereby shall be added together. and [he aggregate amount thereof shall be paid by Ihe Borrower each momh in a single pay- ment to be applied by the Lender to the following items in the order set forth: >UK~IiIaqIlKXKlJi~ xXri~ltx:kBand~Ddapml:JUlOalt~ ", ~ Jdxx (I) Hl ground rents, taxes. assessments, fire and Olher hazard insurance premiums; (I I) _ interest on the nOle secured hereby; (I II) _ amortization of Ihe principal of said nOle; and (IV) 1M lale charges, Any deficiency in the amou:;: of such aggregate monthly pay- ment shall. unless made !lood by the Borrower prior to the due date of the nexI such pay'mem. l:onstitute an event of default under this mortgage, The lender may collecl a "late charge" not to exceed four cents (4Q:) for each dollar ($1) of each payment 3, That if the total of th~ .=~"rnents made by the Borrower under (a)of paragraph 2 preceding shall exceed Ihe amount of payments actually made by the Lender for ground rents. taxes and assessments or insurance premiums,' as the case may be. such ex- cess. if the loan is current, at the option of Ihe Borrower. shall be credited by the Lender on subsequent payments to be made by the Borrower, or refunded to the Borrower. If, however, the monthly payments made by the Borrower under (a)of paragraph 2 preceding shall nOI be sufficient to pay ground rents. laxes and assessments or insurance premiums. as the case may be. when the same shall become due and payable. then the Borrower shall pay 10 Ihe Lender any amount necessary to make up the deficiency. on or before the dale when payment of such ground rents. taxes, assessments, or insurance premiums shall be due. If al any time the Borrower shall lender to the Lender. in ac~ordance with Ihe pro\'isions of the note secured hereby. full paymem of Ihe entire indebtedness represented lhereby. the Lender shall. in ~ompuling the amount of such indebtedness, credit 10 Ihe accoum of Ihe Bor- rower:d:~otJbc~~ , ~~ am' balance re- maining in the funds accumulaled under lhe pro\'ision~ of (a) of paragraph 1 hereof. If there shall be a defauh under any of the provisions of this inslrumem resuhing in a public sale of the premises covered hereby. or if Ihe Lender acquires the properlY Olherwise afler defauh. Ihe Lender shall apply. al the time of the commencement of such proceedings. or at the time the property is otherwise acquired. Ihe balance then remaining in the funds ac- cumulated under (a)of paragraph ~ preLeding. as a credit against Ihe amoum of prindpal Ihen remaining unpaid under said note.. ~JI(lX~:ma~ Xlll3CIJcmQ~ 4. ThaI the Borrower will pa~ ground rems, la'es. assessments. waler rales, and Olher go\ernmcmal or muniLipal Lharges. fine!>. or impositions, for which provision has nOl been made hereinbefore. and in defauh thereof Ihe Lender may pa~ the same: and Ihal lhe Borro\\ er will pf(lmptl~ ddi\er the l~ffjcial re.:eipts therefor to lhe lender. 5. The Borrower will pay all laxes \\ hiLh may be le\ ied upon the Lender's interest in said real eSlate and improlements. and which may be le\ied upon this imtrumem or Ihe debl ,eLured hereby (buI only to [he eXlent that ,;uch is not prohibited by law and only 10 the extem that su~h will nOI make this loan usurious). bUl excluding any income tax. Slale or Federal. imposed on Lender, and will file rhe oflicial reLeipl sho\\ ing su.::h payment wilh the lender, Upon \'iolalion of this undertaking. or if the Borrower is prohibited by any la\\ no\\ or hereaiter existing from paying the whole or any pori ion of Ihe aforesaid taxe,;, or upon the rendering of any court decree prohibiling the paymem by the Borrower of any such taxes. or if such la\l or de.:ree pro\'ides that any amount so paid by lhe Borrower shall be .::redited on the debt, the Lender shall have the right 1(1 give r.inet~ days' wrinen nOlice ro the owner of Ihe premi~e~. requiring [he payment of the debt. If such n01il:e be ghen. lhe said debt shall br:Cllme due. payable and collectible a\ Ihe expiralion of .aid nmety days, 6, ThaI should the Borrower fail to pay any.: ~um or keep any covenanl provided for in this inslrument. then the lender. al its oplion. may payor perform the same, and all expendilUres so Page 2 ot 5 HUO-921430T u