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Borrower and Lender covenant and agree as follows: I, 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 the terms of the note secured hereby. the Borrower will pay to the Lender. on the first day of each month until the said note is fully paid. the following sums: (a) A sum equal to the ground rents. if any. next due. plus the premiums that will next become due ,and payable on policies of fire and other hazard insurance covering the property. plus taxes and assessments next due on the property (all tIS estimated by the Lender) less all sums already paid therefor divided by the number of months to elapse before one (I ) monlh prior 10 the date when such ground rents. premiums. taxes and assessments will become deliquent. such sums to be held by Lender ill trust to pay said ground rents, premiums. taxes and special assessments; and (bl All payments mentioned in the preceding subsection of this paragraph and all payments to be made under the note secured hereby shall be added together. and the aggregate amount thereof shall be paid by the Borrower each month in a single payment to be applied by the lender to the following items in the order set forth: (I) ground rents. taxes. assessments, fire and other hazard insur- ance premiums; (Il) interest on the note secured hereby; (III I amortization oflhe principal of said note; and (IV I late chargo, Any deficiency in the amount of such aggregate monthly payment shall. unless made good by the Borrower prior to the due date of the Relet such payment, constitute an event of default under this mortgage, The Lender may coilect a "late charge" not to exceed four cents (44) for each dollar (SI I of each payment more than fifteen 1151 days in arrears to cover the extra expense involved in handling delinquent payments. 3, That if the total of the payments made by the Borrower under (al of paragraph 2 preceding shall exceed the amount of payments actually made by the lender for ground rents. taxes and assessments or insurance premiums. a.~ the case may be. such excess. if the loan is current, at the: option of the 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 payment!> made by the Borrower under (a, of paragraph 2 precedi ng shall not be suffICient to pay ground rent!., laxes and assessment!. or insurance premiums. as the caM: may be. when the same shall become due and payable. then the Borrower shall pay to the Lender any amou", necessary to make u~, the deficiency, on or hcfore the date when payment of such ground rents, taxes, assessments, or IRsurancc premiums shall be due, If at any time the Borrower shall tender to the Lender. in accordance with the provlMons of the nole secured hereby. full payment of the enllre IRdebtednes.~ represented thereby. the Lender shall. in computing the amount of such indebtedness. credit tllthe account of the Borrower any balance remalRlRg in the funds accumulated under the pf(lV\sions of (a, of paragraph 2 hereof, If there shall be a default undc:r any of the provisions of this instrument resulting in a public sale of the premises covl'red hereby. .-u.----88--~- or if the Lender acquires the property otherwise after default. the Lender shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then remaining in the funds accumulated under (a) of paragraph 2 preceding, as a credit againstlhe amount of principal then remaining unpaid under said note. 4. That the Borrower will pay ground rents. taxes, assessments. water rates, and other governmental or municipal charges. fines. or impositions, for which provision has not been made hereinbefore, and in default thereof the Lender may pay the same; and lhalthe Borrower will promptly deliver the official receipts therefor to the Lender. S. The Borrower will pay all taxes wbich may be levied upon the Lender's interest in said real estate and improvements. and wbicb may be levied upon this instrument or the debt secured hereby (but only to the extent that such is not prohibited by law and only 10 lbe extent that such will not make this loan usurious), but ewudiD8 any income tax. State or Federal. imposed Oft Lender. and will me the official receipt showing such payment with the Lender. Upon violation of this undertaking. or if the Borrower is prohibited by any taw now or hereaher existing from paying the whole or any portion of the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by the Borrower of any such tues. or if such law or decree provides that any 8DlOunl50 paid by the Borrower shall be credited on the debt. the LaIdcr sIIaU have the right to give ninely days' written notice 10 lbe owner of the pranises. requiring the payment of the debt. If such notice be gi\lal. lbesaid debt shall become due. payable and co1lectible alllle.apiratioa of said nillety days. . 6. That should the Borrower faillO pay any sum or keep any covenant provided for in this instrument, tben the l.mder. al its option. may payor perform the same. and all expenditures 50 rude shall be added to the principal sum owing on the said DOle. sIaaIJ be secured hereby. and shall bear interest al the rate set forth in the said note. until paid. 7, That the Borrower hereby assigns. transfers and sets over 10 the Lender, to be applied toward the paymenl of the note and all SUID5 secured hereby in case of a default in the performance or uy of * terms and conditions of this instrument or the said DOle. aD .. reDIS. revenues and income to be derived from the said prcnaiscs duria& such time as the indebtedn~ shall remain wapaid. and the lender shall have power to appoint any agcDt or agents it may desiR for the purpose of repairing said premises and of renliDllhe same IDd collectifl8 the: rents, revenues and income.. and it may payout ofsaid incomes all expenses of repairing said premises and ~. commissions and expenses incurred in rentift& and manaan. the same and of collecting rentals therefrom; the baJaDce mnaiIliaI. if an~. to be: apphed toward the discbalJC of said i~ 8, That the Borrower will keep the imprO\'Cmc:nt!. no.' existill@ or hereafter erected on the property. insured ti ma~' be required from lime to lime by the Lender Blainst loss by fire and other hazards. casualtieli and contingencies in such amount!. and ror sudI periolh ti may be re{juired by the Lender and will pay promptly. wheft dtae. any premiums on such insurance, provision for..,..... of wtIidl has not been made hereinbef()fC. All insuranet' sha1l be: carried in companies approved by the Lender and the policies and TeneYo'ab thereof shall he held hv the Lender and ha~ attached thereto km payable clause~ m flvl;r of and In form acceptable to the Lender, In Page 2 01 5 MUD.11143DT.1