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Borrower and Lftader connant and IRI'fl' 15 follows: J. Thai Borrower will pay the indebtedness.'1; hereinbefore provided, Privilege is reserved to pay the debt in whole or In pan on any installment due dlte. 2, Thai. together with. and in addition 10. the monthly payments of principal and interest payable under Ihe lerms OJ the note secured hereby. Ihe Borrower will pay 10 the Lender. on Ihe first day of each month untillhe said nnle is fully paid. Ihe following sums: (a) ^ sum equal 10 .he Ground rents. if any, next due. plu.'i the premiums Ihal will next become due and payable on policies of fire and other hazard insurance covering Ihe property. plus taxes and assessments next due 0" the propeny (all as estimated b)" the Lender) less all sums already paid therefor divided by the number of months 10 elapse before onc (1 , month prior 10 the dale when such ground rents. premiums. taxes and assessments will become deliquenl, such sums 10 be held by Lender in lrosllo pay said ground rents. premiums. Ulxes and special a.sscssmenL'i; and (b) All payments mentioned in the preceding subseclion of this paragraph and all paymenlS 10 be made under the nole secured hereby shall be added togelher. and the aggregale amountlhereof shall be paid by the Borrower each monLh in a single paymenl to be applied by the Lender to the following items in the order set fonh: flll!round rents. taxes.. assessments. fire and other hazard insur. anee premiums: fill intere.'it on the note secured hereby: (Ill) amonization of the principal of said note; and (IV) latc charges. Any deficiency in the amounl of such aggregate monthly payment shall. unless made good by the Borrower prior to the due date of the next such paymenL constitute an event of default under this mortgage. The Lender may collect a "Jate charge" not to exceed four cen15 14<<:) for each dollar ($ I) of each payment more than fifleen CIS) days in arrcal'!. to cover the extra expense involved in handling: delinquenl payment!.. 3. That if the total of the payments made by the Borrower under (a) of paragraph 2 preceding shall exceed lhe amount of payments actually made by the Lender for ground renl5. taxes and assessments or insuran~ premiums. as the case may be. such excess. if the loan is correnl 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 paymenl of such ground rents. taxes. ~smenlS. or insurance premiums shall be due. If at any time the Borrower shall tender to the Lender. in accordance with the provisions of the note secured hereby. full payment of the entire indebtedness represented thereby, the lender shall. 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 shall be a default under any of the provisions of this instrument resulting in a public sale of the premises covered hereby. 88_106916 or if the lender acquires .he prupeny otherwise .fter derlult, the Lender shin apply. at Ihe time of Ihe commencemcnl of 5uch proceedings. or at Ihe time the property is otherwise acquired. the balance then remaining in the funds accumulated under (a, of paragraph 2 preceding. IS a credit against the amount of principal Ihen remaining unpaid under said note. 4. Thllt the Borrower will pay ground rents, taxes, assessments. waler rates, and other govemmcnlal or municipal charges. fines, or imposilions. for which provision has rmt been made hereinbdore, and in default thereof the Lender may pay the Slme: and that Ihe Borrower will promptly deliver the official receipts Iherefor to the Lender, 5. The Borrower will pay alllaxes which may be levied upon the Lender's interest in said real CSlate and improvements. and which may be levied upon this inslrumenl or the debt secured hereby (bUI only to the exlent that such is nOI prohibited by law and only to the exlent that such will not make this loan usurious). but excluding any income tax. State or Federal. imposed on Lender. and will me the official fCCeIpt 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 ponion of the aforesaid laXes. or upon the rendering of any coun 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 debL the Lender shall have the right to give ninety days' written noti~ to the o~ner of the premises. requiring the payment of Ihe debL If such nolice be given. the said debl shall become due. payable and collectible at the expiration of said ninety days, 6. Thai should the Borrower failta pay any sum or keep any covenant provided for in this inslrument, then the Lender, at its option. may pay or perform the same. and all expenditures so made shall be added to the principal sum owiDg OD the said DOte., shall be sccured hereby. and shall bear interest at the rate sel forth in the said note. until paid. 7. That me 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 rcnl5. 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 agents it may desire for the purpme of repairing said premises and of renting me same and collecting the rents. revenues and income. and it may payout of said incomes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing tbe same and of collecting rentals therefrom; me balance remaining. if an~. 10 be applied toward the discharge of said indebtedness. 8. Thai the Borrower will keep the improvements now existing or hereafter erected on the propeny, insured as may be required from time to time by the Lender against loss by fire and other hazards. casualties and contingencies in such amounts and for such periods as may be required by the Lender and will pay promptly, when due. any premiums on such insurance. provision for payment of which has not been made hereinbefore. All iosurat1Ct' shall be carried in companies approved br the Lender and the policies and renewals !h.,eof shall be held by the lender and have aoached !hereto loss payable clauses in favor of and in form acceptable... w~..ln ", ",' \J (j./. \ Page 2 01 5 HUD.121t3DT.,