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Borrowrr IInd under ('ovenanlllnd aRrl't.' a., fnllow~: I. Thnl narrower will pay the indebledness., as hereinbefore prm'ided. Pri'Vilege u re>er'Ved to PDY the debt in whole or in part nn nny Installment due dDlc 2. That. logether with. nnd m addition tn. the monthly payments of principal and inlerr=st payable under the terms of the note secured hereby, the Borrower will pay to the Lender. on the first day of each month until the said note I!I fully paid. Ihc following sums: (DI ,\ !lum equal to (hc ground renl'i. if any. next duc, plus the premiums that will nell;t become due and payable nn pollcics of fire and other hazard lR!lourance covering the properly. plus taxl.~ and 1lSScs....menls next due on the property (all as I'Slimated by Ihe u.lndrrJ less all sums already paid therefor divided by the number of months 10 elapse before one II) month prior In the dale when such ground rent... premIum!!. taXe!i and asse5!.menl!! will bcCtlmc deliqucnt. such sum!llu be held by Lender In trust 10 pay said ground rents. premiums. taxC!l and !lpccl:J.1 a!i!leS..'imenl'i; and (hi ^l1l'1llymenl" mentmncd In the preceding !!umcction of thi... parngraph and all flUyment!. 10 be made under the note secured herch) ..hall he added tngelher. and the aggrcgate amount therco!" shall be paid by IhL' Borrowcr each month in a singlc paymcnt IU he applied by the Lender to the folluwing items in the ordel ..et forth: (11 f:!round ~nb. taxes. IlS!.e!o\ment<i. fire and other hal.ard insur. ance premIUms: I Jllmtcrcsl un the nnle ..ccured herehy: (1IIlamnnlzatnm of the pnnClpal uf said nnte, and IIV I laiC dar[!e!'a Am' dehclenev m the amount IIf ..uch aggregale mnnthly payment shall. 'unlcs!lo made good by Ihe Borrower pllor In the due dale of the next such payment... constitute an event of default under thi!> mortgage. The lendl:r may oollecl a "laiC charge" nOlto exceed four cenb (41%1 for each dollar 1$11 of each paymenl more Ihan fifteen ( 151 days In arrear.. to cliver the extrn cxpcn!.C mvolved In handling delinquent payments. 3. That if the total of lhe payments made by the Borrower under (a I uf paragraph 2 preceding shall exceed the amount of payments actually made by thc lender for ground renl". taxes and a.<isessmenl.. or insurance prcmlUm!lo, ll..'\ the UClC" may be. such C'Il.CO!lo, if the luan i~ current. allhe option of the Borrower. shall be credited by the Lender on subsequent payments to be made by the Borrower. or refunded to the Borrower. Jr. howel/er. the monthly payment... made by the Borrower under (a) of paragraph 2 precedmg shall nol be suffiCient to pay ground rcol..!., IaXc.... and ~ment!. or insurance premiums, ~ the C3!1e may be. when the same !lhall hccnme due and payable. then the Borrower shall pay 10 the Lender nny amount necessary to make up the deficiency. on or beforc the datc when paj'ment of such ground rents, U1X~. iI'i.\CS....menls, (If Insurance premlum~ shall ~ duc_ If at any lime the Borrower shall tender to the Lender, m accordance with the provlSlon~ of [he note ~curt:d hereby. full payment of the enlire indebtedness repre!aented thereby. the Lender shall. in computing the amount of such indebtednL'Ss. credit to the Decount of the Borrower any balance remammg in the funds accumulated under Ihe provlSlon~ of la I of paragraph 2 hereof If there shall be a defaull under D.n~ of the provisions of thi~ instrument resulting in a public sale of Ihe preT""lises Ctlvered herehy. 88;.;.;: 1ilfr6rtlT~ nr If the Lender aC4uues the property mhcrwisc after dcrnull, the l.cnder shall apply. at the lime nf the commencement of such pmcecding1. nr al the lime the prnpcrty is otherwise acquired, Ihe balance then remaining in the funds accumulaled under (n) nf paragraph 2 preceding, a5 a credit againsl the omount of principal then remaimng unpilId under !laid note. 4. That lhe Borrnwer will pay ground rents, taxes, llSScssmenl'i. water ratC50. and other gOl/cmmcntal or municipal charges. fines, or impo....ition!l.. for which provision has not been made hereinbefore, and in defaulllherenf the Lender may pay Ihe same: and that the Bnrruwcr will prnmptly deliver the official receipts therefor (0 the Lender 5_ The Bnrrnwer Will pay all tues which may be levied upon the Lender'.. mterest m ~id real cslnle and improvements. and which may be It:vied upnn thiS instrument (If the debt secured hereby (but only to Ihe ex lent that ~uch I!I nul prohibited by law and only to the extent that such Will nol make this loan usurious). but excluding any income tax. State or Federal. Imposed on lender, and wi1l file the official receipt !lhowmg such paymcnt with the Lender. Upon violation of thi~ undertaking, or if the Borrower is prohibited by any law now or hcreafter cltistlng from pDying the whole or any portion of the aforesaid tnltC"-. or upon the rendering of any court decree prohibiting the payment by the Borrower of any such taxes, or if such law or decree provide!l Ihat any amount so paid by the Borrower shall be credited nn the debt. the Lender shall have the right to gi\.e mnely day~' written notice to the owner of the premises. reqUiring the payment of the deb!. If such notice be givcn. the said deht !.hall become due. payahle and collectible at the expiration of said ninety day!> 6. Thai should the Burrower fail to pay any sum or keep any covenant provided for In thi!. instrument. then the Lender. al its option, may pay or perform the same. and all expenditures so made shall be added to the principal sum owing on the said note, shan be secured hereby, and shall hear interest at the rate sel forth in the said note, umil paid 7_ That the Borrower hereby assigm. Iransfers and sets over to the Lender. 10 be apphed toward the paymem of Ihe note and all sums secured herehy in case of a default in the performance of any of the terms and conditions of this instrument or the said note, Blithe rents, revenue.. and income to be derived from the said premises during such Ume a~ the mdebtedness shall remain unpaid. and lhe Lender shall have power to appoint any agent or agents it may desire for the purposc uf repairing said premises and of renting the same and collecting the rents. revenues and income. and il may payout of said IRL'lImc!. all expense!. of repairing said premiscs and necessary L.ommi!l!.10n!l and expense!. incurred in renting and managing the !ollmc and of collecting rentals therefrom; the balance remaining, if any. lu be applied toward the discharge of said indebtcd.ness. H. Thai Ihe Borrower will keep the improl/emcnts now existing or hereaher erected on the propetly. insured as may be required from tlml.' tn Ilmc by the Lender agamst loss by fire and other hazards, ca....ualtics and contingencie!a in such amounts and for such periods as may l1c required by the Lender and will pay promptly. when due, any premiums on such insurance, provision for payment or which has not been made hereinbefore. All insurance shall be carried in companlcs approved by Ihe lender and the policies and renewals therrof shall he held bv the Lender and have attached therelo loss payable dl1u~e~ In fov(;r 01 ond in form acceptable 10 the Lender. In Page 2 015 HUD-92143DT.,