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'68_104-5-0-1 Borrower and L'~nder covenant and a~ree as follows: or if the Lender acquires the property otherwise artcr default. the Lender shall apply. at the lime of Ihe commencement of such proceedings. or at the time the properly is otherwise acquired. the balance then remaining in the fund'i accumulated under (n) of paragraph 2 preceding, as a credit against the amount of principal then remaining unpaid under said note. I. That Horrower will pay the indehtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole or in part on any install men I due date. 2. That, together with. and in addition In, the monthly paymenls of principal and interest payahle under the terms of the note secured hereby, the Borrower will pay to the Lender. on the first day uf cuch month until the said nole is fully paid. the following sum~: (a) A sum equal to the ground renl~, if any. next due. plu~ the premiums that will next become due and payable on policies of fire and other hazard insurance covering the properly. plus taxe!'! and assessments next due on the properly (all a.\' I'slimated bJ' rhe' /.I'ndt'r) less all sums already paid therefor divided by the number uf mnnth~ to elapse before one ( I) month prior to the date when such grnund renl.... premiums. taxes and asses."iments will hccnme deliqucnl. ~uch sums to be held by Lender in trust to pay ~all..l ground rentii. premiums, [axes and special asses.'imcnt~; and (b) All payment!! mentinned in the preceding ..uhSCt'lion nlthl'o paragraph and all paymenls 10 be made under the nole secured hereby shall be added together. und the aggregalc amount thercol shall be paid by the Borrower each month in u ~inglc paymenl tu hL' applied hy the Lender to lhe following item!! in Ihe order !tel forth' (I) ground renl.... taxes. asses!oomenl". fire und olher hal1nd insur. ance premiums; (III interest on the nole ..ecured hereh~. (1111 amurlll.nliun uf the principal III ~alt..l nute. ;tod (IV) late charge.,. Any deficiency m the amount 01 "Udl aggregall' ml1nthl~ pa\'mt:'nl shall. unle!!., made good hy the UlIrrllwc, prlOr to thc duc dall' llllhl' next !tuch payment. con~lItute an event of dl'l'lIull under Ihl., mortgage. The Lender may collect u nlate churgc" nullo elLceedl'our cenL~ (41:) lor each dollar ($1) uf each payment more than fihccn (151 days m arrear!!. to cliver the extra ell.pen!tc l!1\olved m hl1ndlm!! delin4uenl payment!oo. 3. That if the 10tal ohhe paymems made by the Borrower under (a) uf paragraph 2 preceding shall ekcecd the amountl)f paymL'nt!oo actually made by tht Lender for ground rent~. luxe~ and a~"c!'o...,ment.. or Imurance premium~. a!'ltht:' L:a~C may be. !'.ueh eXCL~~. If the Inan I" current. at lhe optinn of thL. Horruwer. shall be credited by Lhl' Lender on subsequent paymenl" to be made hy Ihe Borrower. or refunded tu Iht.. Burrower. H. howcver. tht: munthly payments mUlk by the Borrower undt:r I a I 01 paragraph::! preceding shall not he sufficient 10 pu)' gruund rents. tlU.c.., and assc~smenlS or in~uruncc premiums. as Lhe ca~e may he. when the same shall become due and payahle. then the Borrower ..hall pa!,' to the Lender any amount necessary to muke up lhe defiCiency. on or hefore the date when payment of such ground rent~. tuxe!'.. a~~e~\ments. or m.,urunn' premiums shall be due. If at any lime the Burrower ..halltendL" III the Lender. in accordance with the pruvl!'oiun!'o of thl.' nule ..ecurl'd herehy. full payment of Ihe entire indehtedn~\ repre~entcd lherehy. the Lender shall. in computing the amount of such mdehtedne...... credit to the Dccount of the Borrower any halam:e remammg 10 the fund!! accumulated under the provision!>. of (1.11 of paragraph 2 herct II If there shall he 1.1 default under any of the provi'iiuns of thi!! instrument resulting in D public sale of the premises cll\'L'Jed herl.'h~'. 4. That the Borrower will pay ground rcnls, taxes, as."icssmenl... water rales, and other governmental or municipal charg~, finc!i, or Impn.'tiunns. for which provision has not been made hereinbefore, and In ddault thereof the Lender may pay the same: and (hat the Borm .ver Will promptly deliver the official reccip15 therefor to the I.ender S The BOlfower will pay all taxes which may be levied upon the Lender'., inlereS(1n said real estate and improvemen15. and which may he levied upon this instrument or the debt secured hereby (but only 10 the exLent that !!uch is nut prohibited by Jaw and only to the extent thai ~uch will not make this Joan usurious). but excluding any Income tax, State or Federal, imposed on Lender. and will file the official receipt showing such paymcm with the Lender. Upon violation of thi~ undertaking. or If the Borrower is prohibited by any Jaw now or hereafter existing from paying the whole or any ponion of the aforeSaid takC.... or upon the rendering of any court decree prohihiting the payment by the Burrower of any such taxes. or if such law or decree provlde!'llhat any amounl so paid by the Borrower shall be credited un the debl. the Lender shall have the right to give nlnely day~' written notice to the owner of the preml5~. requiring the payment of the debt. If ~ueh notice be given. the said debt shall hecome due. payable and collectible 3t the expiration nf said ninel~' day!oo h Thai .,houJd the Bnrrower 11.111 In pa~ an~ ..urn nr keep an~ cuvcnant pwvlded fur In thl~ m!>.trument., then the Lender. al Il.. optlilO. may pay 1If perform the ,ame. and nil cllpendnurl'!-l so mJ.dL' !-Ihnll he added 10 the pnnclpal sum owing on the said note. shall 01: .,L'l:UretJ hereh~. and shan bear IOtefL~t 31 the rate !Jel fonh in the s1ud nllte. until paid. 7 Thut the Borrower hereby asslgn!J, transfer~ and !ooe~ over to the Lender, to be applied loward the payment oCthe nute and all sums secured htreby 10 CMe of a derauh in the performance of Bny of the term.. and conditiun!-l or this IOstrumcnt or the said note, Blithe ren~. revenue," and Income 10 be deri\'ed frum the wd prcmiscs dUring such time a., ihe IOdebtedncss !lhall rcmam unpaid. and the Lender shall ha\'e rnwer tn oppmnl any agent or 3genls it may desire for Ihe purpu.,e 01 repamng said prCf1l1!!C!-I and of renting the same and cullcl.tlO!! the renb. revenue~ and Income. and" may payout of said Im:omt."!o> all npcnM:'" uf rcpaulO!! !-laid premlscs and necessary l;nmml~"I(lm and eXpen!-lL~ IOcurred 10 renung and managing the ~aml' nnd ul L:uJlccung rental~ therefrom: the balance remammg. if Bn~. to he applied toward the dl!oochargc of SJlld indebu:dne.s H Thai the Bnrruwl" Will kt.'ep Ihe Impru\ic:mcnt!o nuw eXISlln~ or hereafter ercl.:ted tin the properly. lO~u.ed a... may be reqUired from lime to time hy the Lender agalOsl lull.., by fire and tUher haza.rds. (;a.,ualue~ and contlOgl'neie., 10 ..ueh amounts Dnd lor ...uch pefllKh a.... may be reqUired by Ibe Lender and will pay promptly. when due. an~ premIUms on such IDsuranc::. provtsion for payment of which hU!-I nut been made herclObefore. All IOsurance shall he earned 10 cumpaRlc~ approved by the Lender and the poliCies and rcnt:'wals thereof shall he held b... the Lender and have allachcd thereto Joss payahle c1am~e!'o In lavI;r of and m form acceptable 10 the Lender In Page 2 01 5 HUD.92U3DT -1