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88- Rnrrow('r and l...ndt'r ('on'nanl uod aRft't' a!i follow'i: I Thl1t lIorrnwcf will J'lllY Itlt' andchICdnc,..,. II" hereinbefore rro\'Ulcd I'ri1,'ilcl!t' j" fl.':.\Cr\'cd In pay the lIcht in whole or in part IIn an) ,",,!ullment due dnle 2. Th:u. together with. and In lIddlliun In, the mnnlhly paymcnl" of pnnci[llll and interc...1 (111Yllhlc under the terms (If the nole secured herehy, the Bum)wer will pay to the Lender, on the first day of CDLh month unlillhc !WIld ollie l!'l fully paid. the fnllllwin!! sum!o.: Ca) ^ !Ium t'qunllu the !!rIlund rcnl... if uny. nexl due. )llm. Ihe prcmiUm!llhal will next bc..-cumc due and rmYllblc nn pulicie..o. of fire :lod olher hnlJlrd insurance LOvenng the prcpcrty. plu... Iue.'" and assessmenl'i nelll due un the property (alllU' esr;malN b.v the !.l'ndt'rJ Ies... all sums already paiLllhcrcfor divided by the number of monlh~ 10 elapse before llne (II month prior In the date whcn such ground renb, prcmlUm~, tall.~ and asse.\Smcnb will become dcliquent, such sum" to be held oy Lender In trust 10 pay !laid ground rent". premiums. lIU.(..~ and !.pct:illl a~\Smenls: and (b) All payment.-. mcnlumt:d in Ihe pn.."\:cdmg !';utn.c~tion 1I11hl~ paragraph and all paymcn15 1U he made under the nole sc..::urcd hereby ~hall be added logether. and Ihe aggregate arnoun! therellf shall be paid b)' lhe Borrower each mnnlh in a single payment In he applied by the lender tn Ihe full owing items in the order set forth 01 ground rent... taxes, ll.'\.';cssment"i. fin: and olher hal.ard inl;ur- ance premiums: fill interest on the (lote "ecured hereby: {III) amortization of the prm..::ipal of said nnle; and ((V) laic charge". Any deflclcncy in the amount of ~uch aggregalt.. monthly payment shall. unh:ss made good hy lhe Borrn.....er prim t(l Ihe due dale of the next such payment. constitute an evcnt of default under thl" mortgage. Thc lender may wllel:t a "late chargc.. not HI CXl:ce:d fuur cenls 14~) fur each dollar 1$1) of eal.:h paymen! more: Ihan fifteen ( l:i J dny~ In arrears to cll\'er Ihe extra expensc iO\'lllved in handling delin4uent payment.. 3. That if Ihe total of the payments made by the Borrower under (a) of paragraph 2 prC'CCding shall exceed tht.' Ilmuunl of paymcnb actually made by (he lender lor ground rems. tnk~ and as.\CSSmenl~ or lO~urance pn:mlum~. u... the ca!lc may be. '1uch excl;S..... Illhe loan I~ current. at the optltlll of Ihc Borrower. shall be credited by the lender on subsequent paYlnenb In be made by the Borrnwer. or refunded to the Borruwer If. htJ\\..cver. thc mnnthly payment.. made by the Burrower under (a 11If parugraph 2 prn1.-ding ~hall not he ~uffiCtcnl to pa)' ground rcnb. 11U.C~ and ~e!l!ImCnL" or m!lurance ---premium~. lb the caloC mn~ be. when the !MI.me shall beUlrne due and pa)'ahle. Ihen the Borrower shall pay to Ihe Lender any amounl necessal}' to make up the deficiency. on or before the date when payment of ~uch gTllund rent~. taxe~. 3!.\Cssmenb. lIT lO~urano.: premIUms shall be due. If al any 11mI.' tht.. Horru.....er ..halllemlcr 10 the lender. in accordance wllh the JUIIVI"IOn!\ of tht.. nutI.' 'ot'1.:uret.l hereby. full payment of the enltn: mdebtcdnes!i repr~ented Iherehy. the lender shall. in computing the amuunt of such IOdebtednt.'~~. credit to the aCCOLlnt of the Borruwer any balance remammg In the funch. accumulated under the plO\'I!.IlIn" of (3) (If paragraph 2 hereof Ir there shaU be a defauh under any of the provisiuns of thi!i instrumenl resulting in a public little of the premises cmcred herchy. 105531 or If Ihe Lender lIcqulr~ thc pruperlY lItherWl!le arter defllull, the Lender "hallnpply. atlhe lime Ilf thc commencement of ~11l;h proceedings. or at the time the property is otherwise acquired, the balnm..'C then remaining in Ihe funds accumulated under (a) of pamgraph :2 preceding. as B credit ngainstlhe amounl of principal then remaining unpaid under said nllle. 4. That the Borrower will pay grnund rent'i. taxc.~, assessmenl'i. water rnlc."i. and other gO\lernmenlal 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 that the Borrower will promptly deliver the official receipts therefor to the lender. :i. The Borruwer will pay nil taxes which may be levied upon the Lender\ interest in said real estate Bnd imprO\'emenl"i. and which may be levied upnn this instrument or the debt secured hereby (but only to the elltenl that such i!. nOI prohibited by law and only to the extent thai ~uch will not make Ihis loan usuriOUS). but excluding any income tax. Stale or Federal. imposed on lender. and will file the official receipl showing such payment with the lender. Upon violatiun of thiS underlakin~. or if Ihe Borrower is prohibited by any law now or hereafler existing from paying the whole or Dny porlion of the aforesaid tallc~. or upon the rendering of any court decree prohihiting Ihe payment by the Borrower of any such taxes, or if such law lIT decree provides that any amount so paid by the Borrower !Ihall he credited on the debt. the lender shall have the right to give mnety day< wriUen notice to the owner of the premises. requiTIng Ihe payment of Ihe debt. If such notice be given. the said debl ~h.::1I hecume duc. payable and collectible at the expiration of said ninely days. fl. Thai ~huuld the Burrower fall to pay any sum or keep any covenant pn.l\ilded for m thi!. in"trument. then the lender. at its optIon. may pay tIT perform the ~ame. and all expenditures so made shall be added to the principal sum owing on the said note, shall b(' ~cured herebY, and shall heHr mlcresl at the rate set forth in the said ntlle. until paid. 7 Tha! the Borrower hereby as.\Igns. transfers and sets over to the Lender, to he appht.-d toward the payment of the note and all sum" secured hereby m ca.\(' (If a default in the performance of any of the term!. and wnditlon~ of thl~ instrument or the said note. all the rcnL~. revenue... Jnd mcome to be deTlved from Ihe said premises during such time a!.lhe indebledne.~ "hall remain unpaid, and the lender shall haw power tll appomt .lIny agent or agents it may desire for the purJlUl>e of repalling said premises and of renting the same and collet:ting (he rent~. revenue... and incomc. and it may payout of said iOl.:t1me~ all Ckpcn~c~ of repairing said premises and necessary Ctlmml~~lOns and expcn~C\ Incurred in renting and managing the ~me and of eollectrng rentals therefrom: the balance remaming, if un)'. tll be applied toward Ihe di"charge of s.aid indebtedncss. H That the Borrower will keep the Improvement.!. now exi!.ting or hereahcr erected on the properly. m"ured as may be required from timt.' tll lime by the Lender agam~t lo~ by fire and other hazards. casualties and contingencies in such amounts and for such periods a... ma~ be re4ulred by the lender and will pay promptly. when due. any premiums on such insurance. provision for payment of which hu... not been mnde hereinbefore. All insurance shall be earned rn companio appruved by lhe Lender and the policies nnd renewab thercof ~hall he held hv thc Lender and have auached therelo In"-.. pllyatlle dauscl-- m fa\"(~r of and In form acceplable to the Lender. In Page 2 01 5 HUD-92143DT.l