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8orrowrr and Lmdrr co,"manl IrNll(fft as rolklws: I, Thll Borrower will pay Ihe indebtedness.. as hereinbefore nmvided. Privilege is reserved (0 pay Ihe debt in whole or in Jnrl on .llly anSlallmenl due date 1. That logelher wilh. and In addlllon 10. the monlhly payments ( pnncipal and anterest payable under the terms of the nole secured hereh..,. the Borrower will pay 10 the Lender, on the first day of each month unlillhc said nOle I!I fully paid. the following sums: (al " ~um equal 10 Ihe ground renl'i. if any. next due. plus the remlum!<llhat will neAt become duc and payable on poliCies of firc 'ld olher hazard insurance covenng the propeny. plus taxes and ':-.:.essments next due on the propeny fall as esti1ftlJled by Ihf' Lender) L~- , !ill sums already paid therefor divided by the number of months III elapse before one ( I ) month prior to the dale when such ground h"Pts. premium~ Laxes and a.ssessmenlS will become deliquenL. such HI..IS to be held by Lender In trust 10 pay Slid ground renlS. premiums. taxes ~ind special a.ssessmen~ and I b) All payments mentIOned 10 the preceding subsection of [hl~ paragraph and all paymenlS [0 be made under the Dale secured hereb.y shall be added tog:ether. and the aggregale amount thereof 0'111 be paid by the Borrower each month In a Single paymenl to be applied by Ihe Lender to lhe following items in the order set fonh: (I) ground rents. IUcs. assc:ssmenlS. fire and other hazard insur. 811CC premiums: r III interest on lhe nOle secured hereby; (Ill) amonll.lltJon of the pnnclpal of Slid nole; and (IV I lale chargo Any defiCIency In the amount of such aggregate monthly payment ~hall. unless made good by Ihe Borrower pnor 10 the due date of the '<':.d such payment OO05ll1ute an eyent of derault under this 1I10npge. The Lender ma~ collecl a "late charge" not to exceed four ~f1ts (4C I for each dollar (SI) of each payment more than fifteen , tj I days In arreal1i to cover the extra expense mvolved 10 handlmg :Ilnquent payment!.. 3 Thai If the total of tbe payments made by the Borrower under fal of paragraph 2 precedmg shall exceed the amount of paymenu, lI.("(uall\ made b\ the Lende:r for ground rent!.. l3X~ and Jl$eSSment!. l<l IOsu.rancr preimum!o. .u Ihe case ma~ t>c. such C'Aces.s. If the loan I~ current al the opllon of the Borrower. shall be erecilted by Ihe to!:nder on subsequenl p.aymen~ to be made b)' the Borrower. or ldunded 10 the Borrower If. however. the monthly payme:nts made h', the Borrower under (a) of paragraph 2 precechng shall not be .. tffioent to pay ground rents. tax~ and ISSCS5menlS or msurance premIUms. IS Ihe case may be. when the Slme shall become due and payable. Ihen the Borrower shall pay (0 the: Lender any amount necessary to make up the deficiency. on or hefort' the da~ when payment of such ground renLs. taxes. as.sessmenlS. or Insurance premlurm shall be due If at any time the Borrower shall tender to the Lender. In accordance with the prOYIsliln!> of the note secured hcreb)-. full paymenl of Ihe entlTe mdebtedness reprcsc:med thereby. the Lender shill. In oompuung the amount of such mdebtedness. credit 10 the acooum of Ihe Borrower any balance remammg in the funds accumulated under the provISIon!. of (a) of paragraph::: hereof If there shall be a default under an.. of the prOYISlOns of (his IJISlrument resulting: In a public sale of the p: ernlse5 covered bereb). : 88- 1 ()r:;r:;r.l~ or if the Lender acquires Ihe property othm...lte \ttlt airafllt, the Lender shall apply, at the time or Ihe commencement of such proceedings, or at Ihe lime Ihe propcny is olherwise acquired, Ihe balance Ihen remaining in Ihe funds accumulaled under (a) of paflgraph 2 preceding, as a credit against Ihe amount of principal then remaming unpaid under said nole. 4. That Ihe Borrower will pay ground rents, Iaxes, assessments. Wiler ralcs. and olher governmental or municipal chargcs, fnes, or impositions, for which provision has nol been made hereinbefore, and in dc:fauilthereof the Lender may pay Ihe same; and that the Borrower will promptly deli...el thc official receipts therefor 10 the lender. 5. The Borrower will pay alllaJlCS which may be levied upon the Lender's inlerest in said real estate and improvements. and which may be levied upon tbis instrument or lhe debl secured hereby (but onl... to the extent Ihat such is not prohibited by law and only to the eXlent lhat such will nol make this loan usurious), but eXcluding any income tax, Stale or Federal. Imposed on Lender, and will file the official receipt showmg such payment with Ihe Lender. Upon yiolation of this undertaking. or jf the Borrower is prohibited by any law now or hereafter existing from paying the whole or any ponian of the afores~ud taxes. or upon Ihe rendering of any oourt decree prohibllmg the paymenl by the Borrower of any such taxes. or if such la..... or decree provides that any amount so paid by the Borrower shall be credited on the debt the Lender shall have Ihe right to gl...e ninety dars' written notice to the owner of the premises, requiring the payment of the debL If such notice be given, the said debl shall bo;ome due. payable: and oollectible a( Ihe cxpiralion of said ninety days. 6. That should the Borrower fail to pay any sum or keep any covenant provided for m lhls Instrument then Ihe Lender, al its opuon. may pay or perform the same. and an expendilures so made shall be added to the principal sum owing on the said nOle, shan be secured hereby. and shall bear interest at the rate set fanh in the said nOle. umil paid. 7, That the Borrower hereby assigns, lransfers and sets over 10 Ihe Lender, 10 be applied loward (he paymenl of the note and all sums secured hereby 10 case of a default in the performance of any of the terms and conditIOns of thIS instrument or the said nOle. alllhe rents. revenues and Income 10 be deri...ed from the Slid premises during such time as the indebledness shall remain unpaid, and Ihe Lender shan have power 10 appoint any agem or aJ;cnts il may desire: ror the purpose of rc:painng said premises and of renung the same and collecting the ren~. re\'enues and income. and il may pay OUt of said Incomes all expenses of re~iring said premises and necessary commISSions and expenses mcurred in renting and managing the same and of collecting rentals therefrom; Ibe balance remaining, if an). to be applied loward the discharge of said indebledm:ss. 8. That the Borrower will keep Ihe improvements now existing or hereafler erected on lhe propeny. Insured ~ may be required from time to time by the Lender against loss by fire and olher hll.lrds, casualties and contmgencies in such amounts and for such periods ~ may be required by the Lender and will pay promptly. when due, anv premiums on such msurance., provision for payment of which has not been made herem before. All insurance shall be earned in compames approved by the Lender and the pollcies and renewals thereof shall be held b... the Lender and have attached Ihereto loss payable c1au!.e!o In fav~r of and in form acceptable 10 the Lender. In HUD.12143DT.1 Page 2 ot 5