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Borrower and Lender CO\lenant and agree IS rollows: I. That Borrower will pay the indebtedness. as hereinbefore provided. Privilege is reserved to pay the debl in whole or in pari on any .installment duc date. ... 2. That. logether with. and in addition to. the monthly payments of principal and interest payable under the terms of the nOle secured hereby. the Borrower will pay to the Lender. on the firsL day of each month cnLil the said notc is fully paid. the following sums: (a) A sum equal to the ground rents. if any. next due. plu.'i the premiums lhat will next become due and payable on policies of fire and other hazard insurance covering Lhe property. plus luxes and assessments nexl due on lhe property (all as estimated by the Lender) less all sums already p3.id Iherefor divided by the number of months to elapse before one (I) monlh prior LO the date when such ground rents. premiums. taxes and assessments will become deliquent. such sums to be held by Lender in trust 10 pay said ground rents. premiums. taxes and special assessments: and (b) All payments mentioned in the preceding subsection of this paragraph and all payments to be made under the note secured hereby shall be added together. and the aggregate amount thereof shall be paid by the Borrower each month in a single payment to be applied by the Lender to the following items in the order set forth: (I) ground rents, taxes. assessments. fire and other hazard insur- ance premiums: (II ~ interest on the notc secured hereby; (111) amonizalion of the principal of said note; and (IV) la,e charges. Any deficiency in the amount of such aggregate monlhly payment shall. unless made good by the Borrower prior 10 the due date of the next such payment. constitule an -event of default under this mongage. The Lender may collect a .'late charge" not to exceed four cents (4.) for each dollar (5 \) of each payment more than fifleen (15) days in arrears to cover the extra expense involved in handling delinquent payments. 3. That if the total of the payments made by the Borrower under (a) of paragraph 2 preceding shall exceed the amount of payments actually made by the Lender for ground rents. tues and assessments or insurance premiums, as the case may be. such excess. if the loan is current. at the option of the Borrower. shall be credited by the Lender on subsequent payments to be made by the Borrower. or refunded to the Borrower. If. however. the monthly payments made by the Borrower under (a) of paragraph 2 preceding shall not be sufficient to pay ground rents. taxes and assessments or insurance premiums. as the case may be., when the same shall become due and payable. then the Borrower shall pay 10 the Lender any amount necessary to make up the deficiency. on or before the date when payment of such ground rents, taxes. assessments, or insurance premiums shall be due. If at any lime the Borrower shall tender to the U:!lder. in accordance with the provisions of the note secured hereby. full payment of 'he entire indebtedness represenled thereby. the Lender shall. in computing the amount of such indebtedness. credit to the accounl of the Borrower any balance remaining in the funds accumulated under lhe provisions of (aJ of paragraph 2 hereof. tr there shall be a default under any of the provisions of this instrument resulting in a public sale of the premises covered hereby. 88 1060t75 or if the Lender acquires the properlY otherwise after default. the Lender shall apply. at the time of the commencement of such proceedings, or at the time the property is otherwise acquired. the balance then remaining in Ihe funds accumulated under fa) of paragraph 2 preceding, as a credit againStlhe amount of principal then remaining unpaid under said note. . 4. That the Borrower will pay ground rents, taxes, assessments. water rates, and other governmental or municipal charges. fines. or impositions, for which provision has not been made hereinbefore. and in default Ihereof the Lender may pay the same: and that the Borrower will promptly deliver the official receipts therefor to the Lender. 5. The Borrower will pay alllaxes which may be levied upon the Lender's interest in said real esUtte and improvements. and which may be levied upon this instrument or the debt secured hereby (but only to the extent that such is not prohibited by law and only to the extent that such will not make this loan usurious). but excluding any income tax. State 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 portion of the aforesaid taxes. or upon the rendering of any courl decree prohibiting the payment by the Borrower of any such taxes. or if such law or decree provides that any amount so paid by the Borrower shall be credited on the debt. the Lender shall have the right to give ninely days' written notice to the owner of the premises. requiring the payment of the debt. If such notice be given, the said deht shall become due. payable and collectible at the expiration of said ninety days. 6. That should the Borrower fail to pay any sum or keep any covenant provided for in this instrument. Ihen the Lender. at its option, may payor perform the same, and all expendilures so made shall be added '0 the principsl sum owing on lhe said nOle, shall be secured hereby. and shall bear interest at the rate set forth in the said note. until paid. 7. Thai the Borrower hereby assigns. transfers and sets over to the Lender. '0 be applied toward the payment of the nole and all surns secured hereby in case of a defaul' in Ihe performance of any of Ihe terms and conditions of this instrument or the said note. all the rents, revenues and income to be derived from Ihe said premises during 5uch time as the indebledness shaH remain unpaid, and Ihe Lender shall have power to appoint any agenl or ascnts it may desire for the purpose of repairing said premises and of renting the same and collecting lhe rents. revenues and income. and it may payout of said incomes all expenses of repairing said premises and necessary commissions and eKpcnses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining, if any. '0 be applied toward 'he discharge of said indebtedness. 8. That the Borrower will keep the improvements now existing or hereafter erected on the property. insured as may be required from time to time by the Lender against loss by fire and olh~r hazards, casualties and contingencies in such amounts and for such periods as may be required by Ihe Lender and will pay promptly, when due, any premiums on such insurance. provision for payment of wbich has nol been made hereinbefore. All insurance shall be carried in companies approved by the Lender and the policies and renewals thereof shall be held by ,he Lender and have allached therelD Joss payable clauses in favor of and in form acceptable to the Lender. In Page 2 01 5 HUD.S2U3DT-.