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Borro',\,'t'r and l.rndt'r ro\'('oa"1 and aRrl'C' ... followlO.: 88-.1(14699 1 That Borrower will pay Ihe indc:htcdnCS5. liS hCfeinbdorl.' pm\.idcd, PO\o'del1c U. r~r\.'cd 10 pay the debl in whole or in part on IIn\" lO!\.tllllmcnl due date 2. That, together with. and in ndditiun In, Ihe munthly paymcnl" uf prinC1palllnd inlerest payable under the terms of the note secured herehy. Ihe: Borrower will pay III the lemler. on the fir.it day uf each munth unlillhe said nute is fully paid. Ihe foUnwin!! sum!\.: (al A !roum equal to 1he grnund rcn~, if any. nexl due. plu..the premium!\. that will nel.t become due and payahle on polici~ nf fire and nlher hal.ard in...urance covering the property, plu.. lIUe!. and ~"'menl" next due on the property (all as r'slimalt'd 11)' Iht' /.('ndf'fj less all sums already paid therefor divided by the number of munths 10 elapse before one ( II month pnor to the dale when such ground rents. premium!.. laxes and B'-Sessmenl" will become dehqucnt. such suem. to be held h~' Lender in trust to pay !laid ground rent!to. premium!>, tut:!. and !r.pt.."Clal a.'\St.'Ssmenl"i; and (bl All paymenl" menllnned In the precedmg ..uhseclion 01 Ihl~ paragraph and all payments 10 be made under th\: note sccun.-d hereby shall be added tngether. and Ihe aggregale amnunl therL'of shall be paid by the Borrn.....cr each month In a ~lngJc paymenl to he applied by the Lender to the fnllu......ing itemfo in the order ..el rnrlh: (I) ground renl... taxes. ass~mcnl". firc and olhcr hanud insur- ance premIUms: (11) inlerest (In lhe nnte' sccuret.l hereby. (III) amortu.atioo or thc prlnctpal of said nllle; and ITV) late ~harl!c" Any defiL,enq In the amount or ,uch aggrcgate mumhly paymenl !\.hall, unlcss made guud by lhc Borrnwer pour III the due date nr the nel.1 such payment. comlllute an c\.'Cnl Dr ddault under this mungagc. The Lcnder may cnllect a "'ate chargc.' nul hI exceed rour cent!. 14C:) 1m each dollar (Sll of each pa~'mcnl mure than fifteen 115) day!\. In arrear!\. III CUller the extra expen!.c mmllled m handhn!! dehOl.~uenl paymenl" 3. That if Ihe lotal of the paymenls made by the Borrower under (a) of paragraph 2 preceding shall cxcl.oed Ihe amounl of paymcnt!!. actuall~' made by Ihc Lender lor ground renl!.. Ial.CS and as....e!.!tomcnl'< or insurance premium!>.. a.. the L:a.Sl' may be. !<ouch exL'C...... If the Inan I" current. althe optlun or the Borrower. shall 00.: credited by Ihe Lender on subsequenl payment.. to be made by the Borrower. nr refunded to the Borrower, If. hm\.'eller. the mtlnthl~' paymenl" madc by the Burrower under la lof paragraph 2 prct.1:dmg shall nol he 5ulTicienl to pay f:!round rcn~. lal.~ and ~\!!menl\ or tn!luranct premium!!.. as Ihl.' case ma) be, when the same ~hall become due and payable, then the Borro.....er shall pa~ to Ihe Lendcr an)' amount necessary 10 make up Ihe deficiency. on (If beforc the date when payment or such ground renl... 1aXl'!<o. a!oScs~mcn1!-.. or In!!.urance premium!. shall be due If al llny lime the Bono\Alcr ..halllcnder 10 the Lender. in accordance with the prm'l~llmS 01 the null.. .....cured hereby, full payment of the enUre mdebtednCS3 repr~enlcd therehy. the: Lender shall. m computing the amount of o;uch mdebtednl...... credilto Ihe tlccnunl of lhe Borrower any balancc remaining 10 the fund.!. accumulaled under the prm'lslons oflal ul paragraph 2 hereof If there shall be a defaull under any of the pro\.'tSlLlm of thi.!. instrument re!.ulting in a public sale of the premi!lc!l cOII...rcd hereby. or if thl.' lender 3L:ljUlrel; the prnrcrt~ (nhcrwl!'.e after default, the Lender ..hllllllpply. allhl.' lime tlf Ihe cnm,lU'ncemenl of !lllch prncecding!i. IIr Ilt the time Ihe properlY is otherwise acqUired. the balance then remaining in the funds accumulated under (II) of paragraph 2 prcL"t~dmg. 3!i a credil against the amuunt of principal then remammg unpnld under \aid nnle. 4. Thai the Burrower will pay ground rents, taxe.'i, assessmenl... water ratC!t, and other g(lI/crnmental or municipal charges, fines, or imJH)!.lllnn~. fur which provision has nol been made hereinbefore. and 10 default therenf the Lender may pay the same; and that the Borrower will promplly deliller the official receiplS Iherefor to the Lender 5 The BormYo'er will pay alltaxe.1; which may be levied upon the Lender'.. mterest In saId real estate and improvement.., and which may he levied upon Ihis instrument or the debl secured hereby (but only In the exlenl thai such is not prohibited by law and only to the extentlhat such Will nol make this loan usurious), but excluding any IOcome lal.. Stale or Federal. imposed on L..cnder, and will file the ufficlal receipl ~hl'WlRg such payment with the lender. Upon vinlallnn nf Ihi!. undertaking, or if the Borrower is prohibited by any law nn..... ur hereafter existing from paying the whole or any portion of Ihe nfore!Wild taxe!\.. or uJHm Ihe rendering of any court decree prohlbltmg the payment by the Borrower of any such taxes, or if such In.... (If decree provides that any amount so paid by Ihe Borrower ..hall be credited on the debt. the L..cnder shall have the nght In give nmely days' wrincn notice to the owner of the premises. re4umng the payment of the debt. H such notice be given. Ihe said dehl ..hall hCl"omc due. payable and collectible al the expiration uf !.ald mncl\' dav.. b Thai ..hnuld the Borrower rail 10 pay any !<oum or keep any cu\-'cnanl prnvldcd for In Ihls IOstrument, then Ihe Lender, at it!! opllon. may pa~' (If perhum lhe !<oame. and all elpcnditur~ ~o made shall be added 10 Ihe principal sum owing on Ihe said note. shall ht.. "cL'ured hereby. and shall hear inlerest at the rate !\.et forth in the !o.Illd nlllc. unlll paid 7 That Ihe Bllrrnwcr hereby aS3lgm. transfers and sets. over to the L.cnder, 10 be applied toward the payment of the note and all sums !oecurcd hereby 10 cas.c of a default in the performance of any of the tcnm and condilion.!. of this instrument or 1he said note, aU the renl\, revenuc.o; and incume to be derived from the said premises during such time as the mdcbtedne.'1;3 shall remain unpaid. and the Lender ..hall ha\'C' ruwer 10 appoinl any agent or agent... il may desire rot Ihe purposc ul repainng said premLScs and of renting the same and cullectlng the relll'<. revenue!'. and IOcomc. and it may payout of said 1OL:(lmc!o all npens~ of repainng ~aid premi!!C!t and necessary t:omnm~IIIII" and expenses Incurred In renting and managing the ~me and 01 cullectlng rentals therefrom; the balance remaining, if an~'. III be apphed toward the discharge of said indebtedness. k Thallhe Burrowcr will keep the improvement.s now existing or hereafter erected no Ihe property. lRsurcd as may be required from lIm\: to lime b~' Ihe Lender agamst lus~ by fire and oLher hazards. Ol!\.uahie~ and conllngeoclC.'l in such amounts and for such periods a... may be required by the Lender and will pay promptly. when due. any premiums on such insurance. provision for payment of which ha... not been made herelRbcrore, All msurance shall be earned m com paRIes apprm'cd by the lender Bnd the policie.<o and renewal!! Ihercohhall he held bv Ihe Lender and halll: attached thereto IDS!> pa~'ahk dauses in ra".~r (If and In rorm acceptable In the Lender. In Pege 2 01 5 HUD-i2u'3DT ., !U'H!i:l;