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88- '1055-&4- Bonuwrr and LeMIrr coyenant and .cree u rallows: I. Th.1 Borrower will pay the indebtedness. as hereinbefore provided. Privilege is reserved to pay the debl in whole or in part on any insll.llmenl due dale. 2. Thal together with. and In additIOn 10, Ihe monlhly payments of principal and inlerest payable under the terms of the note secured hereby. the Bonower will pay to the lender. on the first day of each month untillhe said nOle is fully paid. the following sums: (a) A sum equal to the ground rents. if any. nexl due. plus the premIUms Ihal will next became due and payable on policies of fire and other hazard insurance co\tenng the propert~... plus lUes and assessmenl!i next due on the property (all as eslimaJed by the Lender) Jess all sums already paid the-reror divided by the number of months to elapse before one (I ) month prior 10 the due when such ground ren~ premiums. tUe5 and assessments will become deliquenl such sums to be held by Lender in trust to pay said ground rents. premiums. taxes and special assessments; and (b) All payments mentioned in the preceding subsection of thi~ paragraph and all payments to be made under the nole secured hereby shall be added together, and the aggrcgale amount thereof shall be paid by the Borrower each month in a single payment to be applied by the Lender to the foUowing items in the order set fonh: HI ground rents... taxes. assessments, fire and other haurd insur. anc: premium~ rill inlerest on the nOle secured hereby: fill) amoruzallon of the pnnclpal of Slid not~ and {IV I laic chart!C!>. Anv defioencv In the amount of such aggregate monthly payment shall. .unless made good by the Borrower prior (0 the due date of the .1ell. such plyment constJtute an evenl of default under thi!. tnor1p.J:e. The Lender may collect a "Iate charge" not 10 exceed four r~nls (4Cl:1 for each dollar CSII of each payment more than fifleen ( IS) days in arrears to cover the extra expense lDvolved in handling .~llDquent payments. 3. That if the total of the payments made by me Borrower under (a) of plragraph 2 precedmg shall exceed the amounl of payments actuallv made b\' the Lender for ground rents, taxe!> and assessments or lDsu~ance pre"mlum50. IS the case may be, such excess.. If the loan 15 current al the opllon of the Borrower. shall be credlled by the Lender on subsequem payment!. 10 ~ made by the Borrower. or refunded to the Borrower. If. however, the monthly payments made t-oy the Borrower under (a, of plragraph 2 precedmg shall nOI ~ ~ufficienlto pay ground renu.. taJles and assessmenu. or IPsuranCt premlutm. as the CI!iC ma~ be. when the same shall become due and plyable. then the Borrower shall ply to the Lender Iny amounl necessary to make up the deficienC)', on or before the dale when payment of such I!round renl1. taxes. assessments. Dr uu;urance premiums shall ~ due. If at any time the Borrower shall tender 10 the Lender. In aa:ordance with me provlSIOru. of the nOle secured hereb)'. full payment oflhe enure indeblCdness represented thereb}". the Lender shall in romputing the amount of such indebtedness. credit 10 the account of the Borrower any halallD: remaimng in the funds accumulated under the proVisions of (a I of paragraph 2 hereof II there sb.aU be a default under any of the proVl!i,lOmi of this instrument resulting in a public sale of the premises covered hereb~. or if the Lender acquires the propeny otherwise ,fter def.ult., the Lender shaUapply, It the time of the rommencement of such proceedinas, or at lhe time the propeny is otherwise acquired, the balance thcn remaining in the funds accumulated under (a) of paragraph 2 preceding. as a credit Ixainst lhc amount of principii then remaining unpaid under said note. 4. That the Borrower will pay ground rents, Llxes. assessments, Wiler rates, and other governmental or municipal charges, fines, (1f impositions. for which provision has not been made hereinbefore, and in default Ihereof the Lender may pay Ihe same; and that the Borrower will promptly deliver the official receipts therefor to the Lender. 5. The Borrower will pay all wes which may be levied upon the Lender's interest in said real estate and improvements, and which may be levied upon this instrument or the debt secured hereby rbul only 10 the ellenl that such is not prohibited by law and only to lbe extent that such will not make this loan usurious), but excluding any income tax. Slate or Federal, imposed on Lender, and will file the official receipt showing such payment with the Lender. Upon violation of this undertaking. or if the Borrower is prohibited by any law now or hereafter existing from paying the whole or any ponion of the aforesaid taxes. or upon the rendering of any court decree prohibiting the payment by the Borrower of any such taxes. or if such law or decree provides Utat any amount so paid by Ihe Borrower shall be credited on the debt., Ihe Lender shall have the right to give ninety days' wriuen notice to the owner of the premises. requiring the payment or the debt If such notice be given, the said debl shall become due. payable and collectible at the expiration of said ninety clays. 6, That should the Borrower fail to pay any sum or keep any rovenant proVided for in this instrument. lben lbe Lender, at its option. may pay or perlonn the Slme. and aU expenditures 50 made shall be added to the principal sum owina on the said note, shall be secured hereby. and shall bear interest at the rate set forth in the said note. until paid. 7. Thai the Borrowcr hereby assigns, transfers and sets over to the Lender, 10 be applied IOward the paymenl or the nole and all sums secured hereby in case of a defaull in the performance of any of the terms and conditions or this instrumcnt or the said note, all the rents. revenues and income to be derived from the said premises during such time as the indebtedness shall remain unpaid. and the Lender shall have power 10 appoint any agent or asents il may desire for the purpose of repairing said premlSCS and of renting the same and collecting the rents, revenues and income, and it may payout of said incomes all expenses of rcpairing said premlses and necessary commissions and expenses mcurred in renting and managing the same and of collecting renuls therefrom; the balance remaining, if any. 10 ~ applied toward the discharge of said indebtedness. 8 Thai the Borrower will keep the Improvements now existing or bereafter erected on the properly. .insured as may be required from lJme to time by the Lender against loss by fire and olher hazards, casualties and contingenCe!> in such amounts and for such periods as may be required by the Lender and will pay promptly, when due, any premiums on such insurance, provision for paymenl of which bas nol been made hereinbefore. All insurance shan be earned in compames approved by the Lender and the policies and renewals thereof shall ~ he.Jd by Ihe Lender and bIi...e atu.che.d therelO loss payable c1aus~ In f.v~r of and In form acceptable to the Lender. In Page 2 01 5 HUD-12143DT.1