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<br />Dorro"'fr Ind under ronnanl Ind .~ffe I' rollo",.:
<br />
<br />I, Thai Borrower will PlY Ihe indebledness, as ht'rt'lnbrforl:'
<br />provldt'd. r~rh'llC'..e is reserved 10 pay Ihl:' debl In whDle Dr In pari
<br />Dn any inslallment due date,
<br />
<br />2, Thai, 10Bcther wilh, and In addillon 10, lhe monthly
<br />paymenlS of principal and Inlerest pa}'Dble under rhe terms of lhe
<br />nole secured haeby. Ihe Borrower wUl p.1}' 10 Ihe Lendcr, on lhe
<br />finl d3}' of eaeh month untilttie said not: 15 fully paid, Ihe
<br />followin. sums:
<br />
<br />_:sdD:IIIXIIIIlpt\I1IIiDtIbo_Idl__
<br />1I1DIJQt2lxxDDtK....._>i',~~~_~""""'1t1OXIt
<br />~RlIIlo~
<br />X16lw.1t~RXJlIIXlIIi<..mifdilClCllllXbI*ldlltldJl:
<br />~~~lIoo"'"
<br />
<br />xiamdxH~~rc~
<br />.. ~
<br />_klr.mIlllClXlDl~ltim~
<br />~~
<br />---"""'-~
<br />~_~Dt
<br />
<br />If_1IlIlItxxk!IQ::u:~X..x_
<br />4..........~kldlOK>iIlax1ax~1l<X
<br />lfIlIlOD<>t1lZll~ItlrillI>0Il<Jt!<'!'f'llml~
<br />_ttIIaIItlllIClI_ll!mIXKIIIZIX>IftltxlOl~..lt
<br />~faj~"""
<br />... '~
<br />""...............
<br />
<br />(a) n ^ ~tlIn eqllallo Ihe ~mlllUl fl"III". if :my. lle:\1 1..1111:. phi" 1111:
<br />premiullls Ihat will nexI beculIle due and J1.1ynhle un pnlicie~ uf
<br />fire and olher hazard insurance co\"ering Ihe properlJ, pluJ; la\;C's
<br />and assessment5 nexl due on Ihe prorcrly 1.1U :1.1' C'.~,illJ:JIe:'d h." the:'
<br />L~ndC'r) I~s all 5UI1IS already" paid the:'rdor dh'idt'd hy the numher
<br />of months to elllpse before one (I) monlh J'rior 10 lilt' dme when
<br />such ground renlS, premiums. la'ltes and llssessments n ill become
<br />delinquent, such sums 10 be held b~' lendeT in trust to PllY s::Jid
<br />ground rents, premiums, (axes and special assessments: and
<br />
<br />(b) BAli paymen15 mentioned in Ihe IW('l rrcn-dil1.g slIl'~eL.:li(1m of
<br />Ihis paragraph and all paymenls 10 be madt' under the n('lle
<br />secured hereby' shall be added logelha. and the ag~regale amollnt
<br />ther?of shall be paid by the Borrower cach ntOlllh in rl ..ingle pay-
<br />ment 10 be applied b)" Ihe lender 10 the following ilems in Ihe
<br />order set fonh:
<br />
<br />~b:IQ<c<>utDI~"""",..;""'
<br />Jdt.-:li~.t:lUdl:lIK~
<br />~lf1\m;]m1Ollll
<br />>iIex
<br />
<br />(I) l1f) !!rollnd rents, ta.'lte5. assessments. fire and Dlher hazard
<br />Insurance premiums:
<br />
<br />(II) fMl) inleTest on the nole securcd ht'lctw;
<br />
<br />(III) tIJU amonizalion of thc J'lrilll.'ipal of said note; and
<br />
<br />(IV) IlJIl lale chars...
<br />
<br />An}' deficiency in Ihe amount of such OI!!!!rt'l!ate l1Ionthl)" pal'-
<br />ment shall, unless made good b}' Ihe Borrower rrior 10 Ihe due
<br />date of the next such payment, constitule an e\'ent of defOlult
<br />under this mortgage. The lender may colled a "lall:' chnrg.e" not
<br />to exceed four cents (41C) for each dollar ($1) of each paymenl
<br />
<br />.~
<br />88- 106622
<br />
<br />more thnn nnr:cn (I') dn)'s in nrrl"nrs III Cl1\'er tlte e:"llnt c.'CJ1t'n!iC'
<br />In\'Ol\'ed In lumdllnp delllUlllelll payment!i,
<br />
<br />.1. Thnl If Ihe 101111 of Ihe pnYIIIC'1U1; tIIade- by Ihe I1nrrmver
<br />undeT(a)of pllntprnph 2 prccedlng IIhnll c:'l.L'Ccd lhc :lI1unUIl of
<br />rmymenlll DelUall)' n1nde by the Lender for p.rolllld rent5, In,cJ; nnd
<br />nS5e~~nll:nl!i or huurnm:e prcmium!!. as Ihe L'I:Hle mn}' bc. such ('x~
<br />cess, if rhe loan i5 eurrcnl. al the oplinn of Ihe nl.lffOWCr, ~holl he
<br />L'iedited hy Ihe lelldL'r 011 ~lIh!;cqllel1l J1:1ymclll:'t 10 he mode hy Ihe
<br />Dorro\\'er, or ref1l1ulL'd It' the nl1rro\\'cr, Ir, hl1\\,t.'wr. the monlh!)'
<br />pnymenls made h}' Ihe Dornm'er tinder (a)or pOlr:lp.rnph 2
<br />preceding shall nol ht' surndenl 10 p:J.y p.rotllld renlS. l:lllC" :lnd
<br />a"U'5SI11t'I1I" or Instlr:mee prcmiullIs, as .Ihe '..'II"L' 1II:l~' tic, ulll"1I the
<br />"mne "hall hecome dlle nntl p:l)':lhlc, Ihell Ihe Ilutl'lt\wr "h1l11 pa~'
<br />10 Ihe lender an}' lIlnulIIlI I1t'CCS!iUry In IImkc lip lhc dcridcIILj'. un
<br />or before the dale when pn)'n1t'111 of ..m:1I [!:ft1und rent". lalles.
<br />il~St5Smcnts. or insurance J'remimn5 shall bc dllc. rr OIl itll)' lime
<br />Ihe Borrower shalllcndcr H11he lender. in ilccurdam,T wilh the
<br />IUO\'isions of Ihe nole serurt'd hereh}', full pity"menl of Ihe cOlirc
<br />indebtedness represcl1led thereby. the le:lIder shull, in l.'ol11J'Uling
<br />Ihe amount or such indehledne!;s, credit 10 Ihe accounl or the 8(1t-
<br />ro\\'er~tI{~~~1hA
<br />~~
<br />~~~::m}'halanL-erC'~
<br />mllinin.g in Ihe fund.. ac:cumul:lted undeT IhL' rnwisicul" of (a) of
<br />paragraph :2 heteor. rr Ihert' shall be a defnult under any (1f Ihe
<br />prO\'isions of this instrumenl resUllin!! in :I J'tlblic ..alc (lr the
<br />premises co\'e:rl:'d lIt'rt'hy. or ir lhe Lendcr acquires tht' ptoflCny
<br />olherwise arrer default. Ihe Lcnder !;hail apply, :II Ihe lime or Ihe
<br />commencemenl of stich proceedings. or i1I Iht' limt' IlIe rf(lrC'rt~. i..
<br />olheTwi~e acquired, lhe balallL"e then remaining in Ihe:' lund.. m:-
<br />cumulaled under (a)",r pal'ilpraph :! prt'l.:edinp.. a.. a crC'llil :1!!ain"l
<br />Ihc muounl or prindpalthcll rerni1iuillp unpaid undcr ..aid UI1Il'..
<br />""'LtX~"",I!xtdm<x"""'JUl7lJOl""~
<br />XIXIC!varlIlDol~~
<br />
<br />4, Tllal Ihe Dorrnwcr will P3)' ~rol1l1d rcnl... I:I\C". ;I....C"o..l1IL.nl...
<br />waler rale~. and mlll.'r P(1\'e:'r1l11lelllal nr T11uuidpal d1:tI!'L.... tilll.....
<br />or i111pmitil1n!i, fOT \I. hich J'f(wi..iun ha.. nnt "L'CU madc
<br />heTe:inbeforc, and in dt'fault thercor Ihe LClldt'f ma~ r3~ Ihe:' ..amc;
<br />and that Ihe Dommcr will prompll) deli\"t'r lht' (,nki;;\1 rCI,:'CirI5
<br />thereror to the l.ender.
<br />
<br />5, The Dorro\l.cr will fl;a~ aIl13\e.. \l.hh:h ma~ bL'IL'\iL'd uJ'on
<br />Ihe lender's inlcrc..t in ~1id fcal e~li1IC :md imJ'rtlH.'1l1Cm... and
<br />nhich nmy be Ic\icd 1111(1111his iU"lnllIlcnl nr Iht' dt-'hl "CL"lIrL-d
<br />hereby (but only tl1 the C:\lel1l Ihm "uL.:h i.. nt11 rlllhibilcd t.y law
<br />and onh' 10 the eXICIU Ihal <;UL.:h ",ilIlll11 make thi~ loan muriOll..).
<br />hut e\;ciudin!! an~' hll'l,1l1lt' la\;. SIOlle nr h-"kral. impo"L'll t11l
<br />Lcndef. nrld will rilL' Ihe I.lflidnl lL'L.:dpl ..ht1\\illp. ..udl T':Ipl\l'lIf
<br />uilh Ihe l.ender. l'rl'lI \-illl:uil.'l1 t,llhi~ IIl1dL.t1:1J..illp. 11T it I hI.'
<br />Borro\\cr i.. pruhihilL'Ll \1y any In\\ 111.1\\ t'f herl"allCf C,i~lill~ tWill
<br />pay'ing the: ",holt' or an}' p(ltIion of Ihc :tfufcliOaid la'\C". or upon
<br />the renderill!! or nn~ nml'l deLTee pruhibilil1{! Ihe pa}IlIl"1\1 hy lhe
<br />Botro\l.e:r of aD)' Sill'll la"OC'''. or ir !;udl Ian or dCL.:ll'l' J'H.\idt'~ Ihm
<br />"n}' nmuunt so paid "} tilL' 110fflll.\Cf ..11:111 )1e L'fL'I.Ii,ed ('11 1111.: tlc\'11.
<br />Ihe I cllde:'r ~hall h:I\I.' Ihe f1!!11I 1(1 !!i\e:' lIiI1L'I~ d:ln' \\nt1(.u I1t\IiL't'
<br />10 Ihe owncr 01 the (1lerniw'o. fL'quiriu!! Ihc P:l}'flIl.'nl l,r Iln' I.kilt.
<br />H such Ol.llice be ph t'n. lhc ..aid c..Icbl shall bt'cume due. Pllyable
<br />and collectible ::II Ihe e\;pir::llion of .,aid ninel}' day...
<br />
<br />6. Th::lt ..huuld Ihl" lIurru\\'er rail 10 pi1~' nllY ..11111 ('If 5,'':L'r all}'
<br />co\'enantllfO\"ided for in Ihis inSIf\l111Cnl, Ihen Ihe l.cmIL'r. n1 its
<br />option, may' pay' or J'crrorm the same. and nil e'\pendillllc" !;(1
<br />
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<br />Page 2 01 5
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<br />HUo-92143DT
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