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Borrowrr and Lender ~oVl'nanl and a~rer as follow!';: I. Thutllorrnwcr will pay the indehICdnc.'i.'i. It.. hcreinhcfor~ provided, Privilege i5 reserved to pay the deht in whole or in parllln any inSlallmenl due datc 2, Thai. together with. and in addilion to. the monthly payment<; of principal and interest payable under the term!> of the nOle secured hereby, Ihe Borrower will pay 10 the Lender. on the first day of each month until the ~id note: is fully paid. the following sums' (a) A !lum equal to the ground rents., if any. ncxt due. plus Ihe premiums thai will nexl become due and payable on policies of fire pnd other hazard insurance covering the properly. plu!t taxcs and nssessmenls next due on Ihe property (all as estimated by the Lt'ndf'r) less all sums already paid therefor divided by the number of monlhs to elapse before one (I) month prior to the dale when such ground rents. premiums, taxes and asscs5ments will become deliquent. such :sum. 10 be held by Lender m trust In pay said ground renlS. premiums. taxcs and special assessments: and (bl All payments mentioned in Ihe preceding subsection 01" Ihls paragraph and all payments 10 be made under Ihe note secured hereby shall be added together. and the aggregate amount thereof shall be p:ud by the Borrower each month in a single payment 10 he applied by the Lender to the following items in the nrder sel forth Ol ground rents. taxes. asses.smcnls. firc and mhcr halllrd in\ur' ancc premIUms; (II) interest on the nOle secured hereby; (1111 amortization of the pnncipal uf SJud nute; and (IV I late charges. Any defiCiency in the amount of ..uch aggrcgatl' monthl\ pa~'mcnt shall. unless made good by Ihe Harrower prim Itllhr due datl' (lIthe next ~uch payment. constilute an event of ddaull under thl" mortgage, The Lender may collect a "Iate chargC''' nllt tn e'lll:ccd fnur cents (4lt) for each dollar I S I) of each paymenl more than fifleen (15) day.. in arrcan. to cover the extra ellpen..e Invnl\'cd in handltn!! dclinquenl payment... .1. That If (he total of (he payments made by Ihe Borrower under fa) nf para[!.aph 2 precedmg !ohall clu;eed the amnunl of paymen'" actually madr h)' the Lender for ground renl!.. taxo and Il~~menl!. or In!lurllnce premIUms. lU the ca!oe lOa)' be. !ouch exCC!l.!l. If the loan l!o currenl. atlhe upllnn of the Burrower. shall be credited by the Lender IIn sum.equent payment.. In he made by the Borrower. or refunded tll the fJllrruwcr If. however. the monthl}' payment.. made by the !lorlnwer under la) (If paragraph 2 preceding shall not be: !oufllClcnt to pay ground renl!.. Illxe.. and a~men~ or im.uranl;C prt'mmm!>. 11.. Ihe CII!oC may he. wht'n the !>Dme shall be1:nme due and payable. then the Dorruwer !lhall pay 10 Ihe tender any amount necc!t.sary to make up the defiCiency. on Ilr before Ihe date when paymeOl III !ouch ground rcnt". taxc!o. a!o.'>t.~..menl!.. lIT Insurance premium.. ..hall he due II at uny time Ihe Bnrrnwcr ...halltender tll the Lender. In accordalltX wuh the prnVI!IIun!'. of the nule ~cured hereb~. full payment uf Ihe cntlre IOdebtl-dn~ reprocntcd thereby. lhe Lender shall. In computing the amount of !'.uch Indebtcdn~\o. eredil to Ihe ac.:cuunl of the lIounwcr an)" balllm::c rcmammg In the funds accumulated under Ihe pruvl!llon~ of fa) of paragraph 2 herelll If there shall be II default under any (If the prnvismm of thl!'. instrument resullinll In a public \lI1e oflhe premises co'licred hereh~, gg-...::.-1005ZO or If the l.ender acqUIres the prnperty ntherwlsc after defaul!. the Lender o;hall apply. at the time III' the cllmmcncemenl of such procecding~. tlr at the time the prnpcrty is otherwise acquired. the balance then remaining in the funds accumulated under fa) of paragraph 2 preceding, a<; a credit against the amnunlnf principal then remaining unpaid under said notc. 4, That the Borrower will pay ground rCnt<;. tallC.'i. assc.'\Smenl<;. water ratcs. nnd Olher governmental or municipal charges. fines. or imposillom. for which provision has not been made hereinbefore. and in dcfaulllhcrcof the Lender may pay the same: and Ihatthe Borrower will promptly deliver the official receipts therefor to the Lender. 5. Thc Borrowcr will pa}' all taxes which may he leVied upon the Lender'.. interest in said real cstale and impro~men15. and which may he le\'ied upon this instrument IIr the debt \t.."Curcd hereby (bul only 10 [he extenl that such is not prohibited by law and only to the ellenlthat such will not make Ihls loan usunous). but cllcluding any ,"come t3k. Stale or Federal. imposed on Lender. and will file the official receipt showing such payment wllh the leoder. Upon violation of this undertaking. or if the Borrower is prohibited by any law now nr hereafter existing from payiog the whole or any ponior. of the aforesaid taxes. or upon Ihe rendering of any court decree prohibiling the payment by the Borrower of any such taxes. or if "iuch law or decree provides that any amounl so p:ud by the Bnrruwcr shall be credited on the debl. the Lender shall ha\le the right to !1we ninety days' written notice to the owner of the premises. requlnng the payment of the debt If such notice be gi\'Cft. the said debt <;hall become due. payahle and collectible at the eJ:piration of <;.Iud nlOel" day!'. b That ..huuld the BOITo\l.'cr fall to pay any !'.um or keep an~ l'll\"("nant prll\'lded for In thl!> lO!>trumenL, then the lender. alll!. l1{1tll1O. may p.1\' m perform the \ame. and all ellpen~lIUfC<, 50 made ..hall be added to Ihe pnnClpal sum owing on the s~lId nok. s.hall he '>Cl"ured herch~. and !ohall bear Interest at Ihe rate \.Cl fnoh m Ihe "aid nnle. unlll paid 7. That the &lffuwcr hereby assigns. transrers and "1('1... mer tllthe Lender. tu be apphed toward the payment or the nale and all sunu. secured hereby In ~ of a default in the perfonnanCt' of anv of the term!> and m~dlliom of Ihi!! instrument or the \aid oole. all ihe rent... revcnuCl\ and IOcome to be denvcd from the satd preml!.O dunng such ume ID. Ihe IOdebtednCM shall renulln unpalll. .and the lender shall ha\'e power to appoinl any agent or agents it may destre for the purpl.l"l(' of rcpalflng SllJd prcml!oC!l and of rentJD8 the \..ame and collectmg the rcnl~. re\lcnuC!> and IOcome. and It may pay" out of '.aud mcome.. all cJ;pcmc!o of rcp3mng ...aId premlso and nec:o:!aary C(lmml!L~lnn~ and CJ.penso mcum~d In rentmg and managing the ~mc and of collecltng rental.!, Iherefrom; the ballloc:e rcmalOlDg. if any. to he apphed toward the di~hargc of ~id mdeblcdn~, R, That the Burrhwer will keep the Improvemenu no\\' existmg or hereafter erccted nn thl' propeny, Insured as may be reqUIred from tlmc In lime b) the Lender agaimt 10S!. by fire and other huarth. ca.'iu.ahlC!! and contmgencio In ~uch amounts and for s.uch penOLh as m:l~ be lequlTed by the Lender and will pay promptly. when due. any premiums on such insurance. provision for payment of which hll!> nnt bl'C:n made hCIl:lRbcfore, All insurance shall t)(' earned m compame!'o apprm-'ed by Ihe Lender and the pohC10 and renewah thereof !>hal! he held b\' Ihe tender and ha\'e attached therclU I(M Pll)'able dau!le!l m fa\ll~r of and m fnrm aCl"Cptable IU Ihc lender In Page 2 01 5 HUD.92143DT .,