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---- ~--_.----_.__.._--- Borrower .nd Lmdrr covenlnlllnd .Rr~ I' rolloW51 1. That Bonower will pay the indebtedness, a!O hereinbefore provided. Privilege: is fC."oCrved to pay the debt in whole or in part on any installmenl due dale. 2. That, together with. IInd in addition to, the monthly paymcnLIj of prindpal and interest payable under the terms of the note secured hereby, the Borrower will pay to thc Lender, on Ihe firsl day nf each month until the said nole is fully paid. the following sums: (a) A sum equal to the ground rents. if any, next due. plulo the premiums thai will ReXI become due and payable on pulicies of fire and other hazard insurance covering the property, plus taxes anC: assessments next due on the property (01/ us estimated b.II the Lender) less all sums already paid therefor divided by the number uf months to elapse before one ('I) month prior to the date when such ground rents. premiums. Luxes and assessments will become deliqucnt, such sums to he held by Lender in trust to pay said ground renLIi. premiums. taxes and special asses...ments: and (b) All payments mentioned in the preceding subsection of this paragmph 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 Bonuwer each month in a single payment La be ap.plied by the Lender to the following items in the order seL forth: (I) ground rents, taxes. assessmentS. fire and other hazard insur- ance premiums; (II) interest on the note secured hereby: (Ill) amortization of the principal of said noLe; and (IV) late charges. Any deficiency in the amount of such aggregale monthly payment shall. unless made good by the Borrower prior La the due dale of the next such paymenL constitute an .event of default under this mortgage. The Lender may collect a -'late charge" net to exceed four cents (4lt) for each dollar (SI) of each payment more than fifteen (I S) 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 fal of paragraph 2 preceding shall ex.ceed the amount of payments actually made by the lender for ground rents. taxes Bnd asscssments or insurance premiums. as the case may be. such excess, if the loan is currenl. at the option of the Borrower, shall be credited by the Lender on subsequent payments to be made by the Bonower, or refunded to Ihe 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 assessment!; or insurance premiums. as the case may be, when the same shall become due and payable. then the Borrower shall pay to the Lender any amount necessary to make up the deficiency. on or before the date when paymenl of such ground rents. tues, assessments, or insurance premiums shall be due. If at any time the Bonower shall tender La the Lender, in accordance with the provisions of the noLe secured hereby, full payment of the entire indebtedness represented thereby. the Lender shan, in computing the amount of such indebtedness. credit to the account of the Borrower any balance remaining in the funds accumulated under the provisions of (a) of paragraph 2 hereof. If there shaU be a default under any of the provisions of this instrument rcsulling in a public sale of the premises covered hereby. 88- 1066b1 or if Ihe Lender acquires the prClpcrly olherwi!ioC after default. the Lender shall apply. lithe time of the commencement of such proccr.dings. or althe lime the property is otherwise acquired, the balance then remaining in the funds accumullted under (a) of paragraph 2 preceding. as a credit against the amount of principal then remaining unpaid under said nole. 4. ThaL the Borrower will pay ground rents. taxC5, assessments, water rates, and other governmental or municipal charges. fines, or imposiliuns, for which provision has nol been made hereinbefore, and in default thereof the Lender may pay the same; and thatlhe Borrower will promptly deliver the official receipts therefor to the Lender. 5. The Borrower will pay all taxes which may be levied upon the Lender's interest in said real eslale and improvements, and which may be levied upon this instrument or the.debt secured hereby (bUI only to the extent that such is not prohibited by law and only to the extent that such will not make Ihis loan usurious), but excluding any income tax. Slate or Federal. imposed on Lender. and will file the official receipl showing such payment wilh Ihe 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 court decree prohibiting the payment by the Bonawer of any such taxC5, or. if such la w or decree provides thai any amoont so paid by the Borrower shall be credited on Lhe debt. the Lender shall have the right to give ninety days' written notice to the owner of the premises. requiring the payment of the debt. If such notice be given. the said debt shall become due. payable and collectible al 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, then the Lender. at its option. may payor perform the same. and aU expenditures so made shall be added to the principal sum owing on the said DOte, shan be secured hereby, and shall bear interest at the rate set forth in the said note, until paid. 7. That the Borrower hereby assigns, transfers and setS over to the Lender. to be applied loward the payment of the note and all sums secured hereby in case of a default in the performance of any of the terms and conditions of this instrument or the said note. all the rents, revenues and income to be derived from the said premises during such time as the indebtedness shall remain unpaid, and the Lender shall have power to appoint any agent or agcots it may desire for the purpose of repairing said premises and of renting the same and collecling the rents. revenues and income, and it may payout of said incomes all expenses of repairinB said premises and necessary commissions and ellpenscs incurred in renting and managing the same and of collecLing rentals therefrom: the balance remaining, if any. to be applied loward the discharge of said indebtedness. 8. Thalthe Burrower .....iIl keep the improvements now existing or hereafter erected un the property, insured as may be required from time 10 time: by the Lender against loss by fire and other hazards. casualties and conlingencies in such amounts and for such periods as may be required by the: Lender and will pay promptly, when due, any premiums on such in!lurance, provision for payment of which has not been made hereinbefore. All insurance shall be carried in companies approved by the Lender and the policies and renewals thereof shall be held by the Lender and have allached Ihereto loss payable clauses in favor of and in form acceptable,lo ~~ .Lender. In ,'. .~. Page 2 of 5 HUD.92143DT-l