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BorTUwtr and Lmdcr coymanl and agfft as (Dhows: R8-105325 I. Thai Borrower will pay tht indebtedness, IS hereinbefore provided. Privilege IS reserved 10 pay the debt in whole or in pan on any Insllllmenl dut dale 2, That. logelher wilh. and m addltum 10. Ihe monthly payments of prmcipal and interest payable undt:r Ihe lerms of the nole secured hercb\'. lhe Borrower will pay 10 the Lender, on Ihe first day of each month untillhe Slid note is fully paid. the following sums: (a) A sum equal 10 Ihl' ground renlS. if an}'. next due. plu!; the premium" thai will ncXl becnme due and payable on policies of fire and other haz.ard insurance covenng the: property. plus taxes and assessmenl~ nexl due on Ihe propeny (all as estimated by the under) less all sum: already paid therefor divided by the number of months to elapse befl ~ one (II month prior 10 the date when such ground ren&.- premlUTm. taxes and assessments will become dehquent. such sums to be held by Lender m trust 10 pay said ground rents. premiums. lUes. and special assessmenlS; and (b) All paymenu. mentIOned in the preceding subsection of thiS paragraph and all payments to be made under Ihe note secured hereby shall be added logelher. and Ihe aggregate amount thereof shall be paid by the Borrower each month in a single payment to be apphed b~' the Lender 10 the fOllawmg Items m the order set forth (II ground renlS.. taxes. assessmenlS. fire and other hazard IOsur- .1nce preml:Jms; 'Ill Interesl on Ihe nOle secured hereby, (1111 amnnlz.allnn of the pnnClpal 01 said nOle; and (lVI lale chaq!:e!I '\m defIClen,,, an the amounl of ,"uch aggre,:ale manlhly paymenl hall. .unless made good by the Borrower pTlor 10 Ihe due date of the "1I such paymcnt. oonstitule an evcnl of dcfault under thi!\ 'Hmgage The Lender may collect a "laic chJrgc" nOllO exceed four ,nt!.14C I for each dollar IS)) or each paymenl more lhan fifteen i 'i I day!. In ane&r..to cover the extra expc:ns.e mvolved 10 handhng "nqueOl payment!. J That If Ihe tolJ,l of the paymenlS made by Ihe Borrower under la' of IlIr.graph 2 precedmg shall ell.ceed the .mount of paymenl5. actual!" made b\ the Lender for ~round renl!.. I.aU~!. and llS.!.C!.smenU 'r Insu'ranCt' prc'mluml.. as Ihe cast: ma~ be. such elces1. If the loan IS current. at the optIOn of the Borrower, shall be L'"1edUed by the :..ender on subsequent payment.!. to be made b} Ihe Borrower. Of Jelunded 10 the Borrower. If. however. the monthly paymenu made hy the Borrower under (I J of paragraph 2 precedmg shall not be llffiClCfltta pa)' ground renu, taxes and ISSCSSmenU or Insurance prenuum!.. I!a lbe CtiC IDI) be. when the same shall become due and payable. then the Borrower shall pi)' to Ihe Lendcr any amounl necess.al) 10 make up the defiaency. on or before Ihe dale when JlIyment of such ground renlS. I&x~. &S5CS5men~ or IRsurano: premium!. shall be due If at an~ time Ihe Borrnwer shan tender 10 Ihe Lender. In accordance With the proVISion!. of tbe nole secured hereb). full paymenl of Ihe entue mdeblCdncs.s reproerlled Ihereb~. the Lender shall. In computing the amount of such mdebtednCS3. credllto the sccouf11 of the Borrower an~ balancr TemamlDI in the funds accumulated under the provlslam of I a I 01 paragr:aph 2 hereof If there shall be a default under In~ of Ihe proVISIOn!.. of thl!. Instrumenl resulting m a pubhc sale of Ihe premlSO co\'ered hereb~, or if the Lender acquires the propcny otherwise after ~flull, the Lender shan apply, allhe lime of Ihe commencement of such proceedings, or allhe lime the propc:ny is otherwise acquired, Ihe balance then remainins in the funds accumulated under Ca) of paragraph 2 preceding, as a crr:dit Iglinsl the amounl of principal Ihen remaining unpaid under said nole. 4. Thallhe Borrower will pay ground rents. taxes, assessments. water rates, and olher governmental or munirip.al charges. fines, or impositions. for which provision has not been made hereinbefore, Ind in deCaulllhereof the Lender may p.t)' the same; and Ihllthe Borrower will promptly deliver the official receipts therefor to the Lender. 5. The Borrower will pay all taxes which may be levied upon Ihe Lender's interest m said real estate and improvements, and which may be levied upon lbis instrument or the debt secured hereby (bul only to the exlent lblt such is not prohibited by law and only 10 the CJl:lentthal ~uch will not make Ihis loan usurious), but excluding any income laX, State or Federal, imposed on Lender, and will file the official receipI showing sucii payment with the Lender, Upon violation of Ihis undenaking, or if the Borrower is prohibited by any law now or hereafter existing from paying the whole or any ponion of the aforesaid lIIxes, or upon Ihe rendering of any coun decree prohibitmg the payment by Ihe Borrower of any such taxes. or if such law or decree provides that any amounl so paid by the Borrower shall be credited on lbe debt, the Lender shall h....e Ihe righllo give mnety days' wrinen notice 10 Ihe owner of the premises. requiring the paymenl of the debt If such notice be given, lhe said debt shall become due. payable and collectible at the expiration of said ninety days 6. That should Ihe Borrower fail 10 pay any sum or keep any covenant proVided for In thIS instrumenl, then the Lender. II its option. may pay or perfonn the same. and ,II expendilures so made shall be added to the principal sum owing on the said nole, shall be secured hereby, and shall bear interest Illhe rate set forth in the said note. until paid. 7. Thll the Borrower hereby assigns. transfers and sets over 10 the Lender, to be applied loward the paymenl of Ihe note and an sums secured hereby in case of a defaull in Ihe performance of any of the term!> and conditiOns of thlS instrument or Ihe said nole, &11 the renlS. rcvenues. and Income to be denved from Ihe said premises during such ume IS the mdebtedness shall remain unpaid. and the Lender shall have power to appoml any agent or agents it may desire for the purpose of repamng Slid premises. and of renting Ihe same and collecung the renl!.. revenues .nd Income. and il may payout of said Incomt$ all expenso of repairing said premiSC:!i and necessary commISSions and expenses Incurred in renling and managing Ihe Slme and of collectlOg renu.ls therefrom; the balance remaining, if any. 10 be applied toward the dischlrge of said indebledncss. B. That the Borrower will keep the improvemenlS now existinr: or hereafter erected on the property. Insured 15 may be required from ume 10 lime by the lender agalOst loss by fire and other hazards, casuahie!. and conllngenClC!o 10 such amaunlS and for such period!> IS may be required by the Lender and will pay promptly. when due. an~' premiums on such tnsurance, pro\ll5ion for payment of which ha!. not been rmde herembefore. All insurance shall be: carried 10 oompanle!. approved by the lender and the policies and renewals thereof shall be held b\ the Lender and hue attached thereto IOS!. payable d.u~~ an fav~r of and in Corm acceptable 10 the lender. In P'!iile2015 HUO.121UDT -,