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<br />d8- 107060
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<br />BarrOtt'lf and Lrndn ronnln' and lit1ft' .s rollmu:
<br />
<br />more limn nflct'11 (l~) dn)'1i in arrenn W em'cr Ihl.' c'lilrn C:O;PCII!\.(,
<br />im'olved in handlinE! delinqucml pa)'I11C'I1I!'i.
<br />
<br />I. ThaI Borrower will P'Y Ih. Ind.b.<dn.... .. hereinboror.
<br />provld<d. Prh.II'Be I. r..erv.d 10 p'Y Ih. debl In whole or in pari
<br />on any installment due dale.
<br />
<br />2. Thll, losclhcr wit~- !"'"!-:' l.~ addilioll tl,)o, Ihe O1C1nlhly
<br />payments or principal an.I ~ri~~rtit paynble under Ihe lerms Dr lhe
<br />nOlr 5rcur~ hen'by. Ihe b..;,;o\\'er will P3Y 10 Ihl" Le'lldcr. on Ihe
<br />firsl day or each month until the said nute:- is fully pnid, IhC'
<br />r"lIowlna .ums:
<br />
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<br />(4) .H: ^ IHlI11 l"lllIallo the I:!mulld rt'llIt;. if :my. nt'.'l:1 dill', piLI" Ihe
<br />prrmiulU!Iii 111m \\'iIIncxl bcct1llle dlll.' rind payable on policir$ of
<br />fire and olher hazard insurance co\'Cring Ihe rropl::r1~', pIu!' ta,\;es
<br />and n!i5~S!intent!lii ne.'lt dlle 011 Ihe rropC'rrr (,1/1 :J.~ t.'.~,im",ed h)' lilt:'
<br />L~ndC'rJ Ic~~!i all !iIlI11S nlrcmly paid Iherdor dh'ided hy Ih~ num\1er
<br />or monrhs to elnp'iC' berore one:' (I) ntol1lh prior 10 Ihe date when
<br />such ground rents, prcmlum!i, la.xcs and asseS!imems will recome
<br />delinquent, such sums to be held by lender in trust to pay said
<br />ground rems. premiums. taxes and special assessments: and
<br />
<br />(b) h All payments menlioned in the rwo precrding sub..el.:'lions or
<br />this paragraph and all payments 10 be mnde under the nOle
<br />secured hereby shall be added rogelher, and Ihe aggregme an1('l1l1l1
<br />Ihereor shall be paid by Ihe Dorrower cnch momh in a single pa}'.
<br />ment to be applied by the lender to the rollowing i(ems in (he
<br />order set forth:
<br />
<br />XltltllDrlllillllD:tI:JQoKlUlIIiIO<llolaOlllO'ClC""&imm=X>i:b><
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<br />(I) .. grClund rems. la'tes, assessments. nre and other hazard
<br />insurance prtmiums:
<br />(II) (KIA) inu:relit on the nOle lier.:urcd herci'ly;
<br />(III) n amortization of Ihe principal or !iaid 1I01e: and
<br />(IV) Il'Ill I... .harges.
<br />Any dcnciency in the amaUDI or !illch ag~regme monthly pay-
<br />ment !ihall, unless made good by the norrower prior to Ihe due
<br />date or the nc.'<t such payment. constitute an eH~'nl of defaull
<br />under this mortgage. The Lender may collect a "'ate charge" not
<br />to exc~d rour cents (4t) for each dollar (SI) of each payment
<br />
<br />3. Thai i( the lOIn I or lhe J1nYlllcnl!i nUIlJe b)' Ihc Umm\\'u
<br />under (n)or ,mrn{!rnph 2 preC'Cding !ilmll exceed rhe nlllUllnl of
<br />I";:)}'ments iJCIlIDlly nmdr hy lht lender rUT p:rt1lllld renl!i, In"4c!i nnd
<br />tls!ie!li!imenU or ImmrnncC' premiums. iJ!i rhe ca~ 1118)' he. 5\1(.'h e,,~
<br />cess. ir Iht lo;:)n is Cllrrclll, at rhe oplinn of Ihe IJnrr(l\\,cr. shall he
<br />crcdiled by the Lender 01) ~lIt1!1cqllcnt pllrlllCl11!i In he mode h~' Ihe
<br />Borrower. or rcfumlt'd 10 the Burrower. fr. hn\\'c\'(.'f, Ihc lIIulllhly
<br />rn,.'ments mnde b}' Ihc Borrower under (a)of ,mrn!.!rnrh .2
<br />rreceding shall nol he !iurficient 10 pay (!rollnd rL'nl'\, In''t''O and
<br />D!iliL.i!imenlli or imillr:1I1t'e premilllll!i. a!i the cn"L' 1IIi1}' hL', "hL'1I Ihe:
<br />linlne !ilmll become due and payahle, Ihen Ihe Uurrmn'r ~hall P3}'
<br />10 lhe lender any mnnunt lIC'ceS!Hlr)' tn 1II:I~e up Ihe deliciclIl.')'. UII
<br />or before Ihe datt whell paymelll or stich ~roulld rClllli. la'(e~.
<br />assessments. or in!\urance premiutn!i shall No due. If nI any limc
<br />Ihe Borrower shalllcnder to the lemjc:r. in uL'CurdulICC uilh Ihe
<br />pro\'isiOnii or the nOle ~ecured hcrel'l)". rull pa}'llIcnt of Ihe eltl!re
<br />indebrcdness repre!iC'lIled Ihereby, lhe lender ~hull. in l'lllllPllling
<br />Ihe amount or such illdetltl'dness. credit 10 the 3L'CClunl or the Bnr.
<br />ro\\'<r ~~"IiD:'l!<mi!iooHxXlI~
<br />~o:XxudeJdl~imx<bx~
<br />~RUS~an)'halanL"ert'.
<br />mainin!! in Ihe rund.. aCC'U1nulmcd under Ihe rnwisiom. orC a) or
<br />p:lTagraph 2 hereor. If Ihere shall be a derauh under nllY of Ihe
<br />pn:wislons or this in!'trumem resulting in a public ..ale f'r Ihe
<br />premises co\.ered hereby. or if Ihe lender acquires Ihe properly
<br />olherwise arler default. rhe lender shall arph'. at Ihe lime (If the
<br />commencement of such rroceedings. or nI Ih" timt:' Ihe rr(lr"rty is
<br />Cllherwisc acquired. the halance then rcmaining in Ihe tundo;;; ac-
<br />cumulated under (a)l1r paragraph :! prccedin~. a" a credil ag.ain"l
<br />rhe amounl or prilKipal thl'1I Jell1ainin~ uupaid IIlHIL'r ..ait! UulL'._
<br />omr.t"~ll"",lo"'tiD<KX1't'X=JOI"".j_.m.tt:lnltcttoa"
<br />lIllOC!IoaJl""lI~
<br />
<br />~, That the florrn\\'cr will p<lr prmlJu..I rent"'. 1:1\C'\, n....l.....lI1l.nr...
<br />\\'all'r rales, <Iud nlhl'r 1!ll\'l'nmtclltall1r l11unidpal l'hal!:'!t.... Jilll....
<br />or impmiliuns. for which pw,'isinll h:l.. not tol.'l'lI made
<br />hereinbcrore, and in lh:fauh Ihereof Ihc Lelld~r nUl) ray 111(' ~:Ilne:
<br />and thai the ONTl1UL'r will prol11pll~ dclher Ihl.' 111'1ki;t1 rcccipl.~
<br />Ihere[or to the Lender.
<br />
<br />5. The Borrower will pay allla\t:s which mOl) hl' 1l',il.'J Url1n
<br />Ihe Lelldp.r's inlcrc-"l in !i:lid real C,HIIC' amI i1npHne1l1l.nt". and
<br />nhidt may be le,icLl lIpun thi" il1'\lfUlltl'Ut (lr IlIe LIcht "'l:l,'I1TL'lI
<br />hereby (bm Clnly It1 the e~lenl th;:)t Ciuch i!' Itllt rruhihilccJ h} law
<br />and oull' 10 rhe f''l:tl'nt Ihm l;uL'h \\.m nOI lIIakl' thio: Il1.m u""rilll'''),
<br />flut e'\;ciuding ~ny inl.'ome 13\, Stall' ur II..Jcral. ill1f'Cl..t'd nn
<br />Lemler. and will rill' Ihe (1flkial fl'l,'dpl ...hll\\ in!! "ul.:h rlt)'It1~'nt
<br />"i(1! the Lender. llpl'" \iul:uit111 t1f Ihi.. l1Iu..lL'rtakill~. .'r il IhL'
<br />Borrower is prohibitt'd 1'1,.. an)' law 1Itl\\ or hcrl'uher l'\il;,liu!! hum
<br />p3}'ing the whole or an)' portion or till' a[(lrCl;,jlhJ la'l:e", or U(1011
<br />Ihe rendering or an) 1.:'11urI decree prohif'iilinp Iht, Pil)l1tt;'tt1 by the
<br />Borrower or all\' !'th..'h ta'\;e~. or if sudt la\\ or dt:l.'tt:C' pnnidCl; Ihill
<br />any amount so r3iLl j,y the BOTTl"'cr ,,1m II re L'n:diled (111 Ihe del'll.
<br />Iln.' l.ellt..kr'"hall hint..' Il1l' ricIn III ei\'(.' nitlt..'I\ d;I\"Io' \\riUl'lI nnlke
<br />10 (he o\\ner of thc premi'ic.... 'L'quirin!! Ihe p;l,..n'll..t1I nr tht' debt.
<br />If such m11ice be ~hcn, Ihe "aid debl ."haIl N:L'(llI1e due, pllyable
<br />and collectible at the expiration of ~aid ninelY day'i,
<br />
<br />6. That o;,hould the Burruwer fail f(1 pa~.. any "11111 or ).l'L'P any
<br />co\-enan! pro\"ided for in thi~ instrumcnt, Ihen Ihl' Ll'lIlk'r. :II it"
<br />oplion, may payor perform Ihe same, and all e\)1l'lldilUIC'\ ~(1
<br />
<br />, " _ t P~;e 2 of 5
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<br />HUD.92t43DT
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