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<br /> � . . O (t) If und w bno aa srid rotc of ewcn datc apd thix inaurauet iue inwreW ur rsc reinauseJ wWer Ihe Mu�uwrnn ud t!w Nuu�wi Houala+. Act, an
<br /> .. ,�, . amuunt su/ficiewa.te+ accumulate in tho AwWs o( �Ae lwWcr uwe l l) mumb prwr �u iu duc datc the anauW �uyryqwe mawancs pr�wauim r ut4ier to
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<br /> providc such hol4er with lumds lo PgY XW%h psemwm �o l!u Secrctpty �d Huua�ing nn�) Url+wn Ikvclupmcnl pwswanl tu Iho Natwn�l Noususs Ac[.
<br /> F.r► . : ns amanded. awd epplicabk Reg�slulwna tbcreunater; or .
<br /> . �` � ttil �� !f and w (ong aaaaid mite of avam date and tlais �etrumam are beld bY e6a Sacretary o( Nousiniga� tlrban tXwelopment. a mostNy cAvya kin
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<br /> r � 1� � . � ficu ol r mortgage neuraace psea�ium) whicA sh,�al! ba m an. amount cqurl ta oioe.iwallth ( !l12) �of one-hW! 1 U3) per ceatum af We avt�r�s wu-
<br /> . . � swnding WiJanee due on ebe no2e camputed wiehewi. taking intu nacoum del�n4uencies or preprymenn:
<br /> � (hl � A autn.�qu�l Iq the yrous�d rents. it any, eaext due, plus 4he Drcmiums that will next beeome 1ue and payeble on polinex uf. fire ynd u�her hs+ard inswraee
<br /> � � coverimy�tMe murtgnyed ,property, plus taxcs end nssessmcnts naxt due an the awrtgaQed proputy (all as es�ir.�n�od 6y YLe MortRxQee) kei ail wma al-
<br /> .t . . � � � rcedy �aid lderet4rdiwided�bylhe numCeraf mantha to alapae he[are bme mon�h pricx w the date whca such proww�d reuae. prcmiumw, tnaur aaQ �►+eas- �
<br /> - � � . mmnts,�-Wilfbcenmr.dekoquenl, sl4ch�YumalobeheldbyAfnrt d . �
<br /> � go;ae ia trust to puy said ground rents, prem.iume, unex aad speciel assessmanls: ud
<br /> � �(c) : A,!}�pa3im,cn4 aun[iooett:in�tLe two precmJirag nubsecnortc.s.o! this p�wa�ph �nd all paymenta co bc mueie under the nae xcured hereby � shalt ba added � . ��
<br /> � � � to�etherreoJ the egyragafe amount therc+c�l shall be paid �ay the Mnr[gagc,r euch montb in a einyJe puymeni m I+e a0v+ied .3yy the Morigs,pee to the fWbw• � ' �
<br /> . . . � ing iiesn� 'rn the order scF.forth: � � � . � �
<br /> , �� � � � (I? . . �yremium�chxrges�undertheconrractofinsurancewirhlheSecretaryo( Housing -raJUrbanLkvcfopment, ptmarrthlycharge (iniieuofmunynge � � � � �
<br /> .. � ": inxurancc.pcemiumi,?s ti�c cax maY tw: � . . � .
<br /> � (I7} . �. ground cents:. ta�u:a. asdesstrsents,.. fire and ather haxurd insurance premiumv: . � . �
<br /> � . . (fitj � ' {ntertet on.tpr Iwte secured hereby;.end � � � . �
<br /> . . fIV) '. :�amoktiaatiOn�o( thePrincipalof �suidnWa � . � � . � : . .
<br /> � �, � � Aay deOciency in theamnune uf any sucf¢� aggregate moa2hly paymem .z�all. unless made gool by ths Mortgagor prior.W�We due data.�the acxt wcd �. . � � �
<br /> , -,:�� � .� . � �. paymemt, wnstiwte an everst ot detaulx under this murig.�a$e. '1'he Mortgagee moy cotlect a "late eharge" +iov m exceed txeo ee�cs f2¢) tor each dallar (SD � � . �
<br /> � � � � � of sacb payment mOre 7hu�n.5lteGo{!5)d8ysinfvears iocuver the rxxru expense involve� in handlin� de)i�nquent yayments, � � � � � . � � . � �
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<br /> 3. That if the total of the puyments rnude by the Mortg:s�or under ( b) of paragraph 2 preceding shall exceed the amonnt ot
<br /> ` payments acttially made by the Mortga�ee fur Yround rents , taxes anJ assessments or insu3ance premiizms, as the case may lae.
<br /> siach exctss; as the option af the Mortgu:gee; sfiali be credited by the Mortgagee on subsequent paytraents to be rtsade by the
<br /> Mortgagor, .ar sefunded to the Mortgagor- lf, however, the monthly payments made by the Mortgugor under (b) af paragraph2
<br /> " preceding sfiall not be sufficicni to pay ground rents, taxas and assessme.nts ar insurance premiums, as the case may be, whea�
<br /> tMe same shalL become due and paya61e, 3hen the Mongagor shalf p�y to the 2Nortgagee any �mount necessary 4u make up the
<br /> deficiency, on or before the date when payment of sucfi ground rents, taxes , assessments or insuranee premiums shall be due. If
<br /> ut any time ihe Mortgagor sl�atl tendecto t6e Mortgagee, in accordance with the provisions of the note secured heereby, fuA
<br /> paymen[ of the .�ntirQ indabiedness represented [hereby, the Mortgagce shall _ in computicag the amouat of such indsbtedness,
<br /> cr�dit to the account of the Mortgagor all payments m:ade under the provisions of (a) of paragcaph 2 hereof which tha Mortgagee
<br /> h�s not becomc obligated to �ayto the Secretary of k3ousing and Urban Development and uny batance remaining in fhe funds
<br /> accumulatedunder the provisions o( (b) of paragraph2 hereof'. If there shall be a defaul¢ underanyof tha provisionsbf this
<br /> mortgage resulaing in a pabiic sale of the premises covered hereby, or if the :�fortgagee acquires the property othe3wiso after
<br /> ' default, the Mortgagee shall apply , at the time of the commencemenc of such �roceedings,: or at the time the property is ather-
<br /> F wise acquired; `the balance then remaining'in the funds accumulated under (b) of paragrapTc� 2 preceding, as a credit against-the
<br /> amuunt of principal tfien remainin$ unpaid under said pate, and shall properly adjust any payments whiefi shall have been made
<br /> � urtder (a) o€ p¢ragraph'2.
<br /> 4. , That the Mortgagor w71 pay grounJ rents , taxes, assessments , water rates, and olher governmental or municip:il
<br /> ' ch�rges, fines, �r impositions, for which provision has nat been made hereinbefore , and in default ihertof the Martgagee may
<br /> pay the same;�nd that the Marcgagar will promptly delnver the otficial receipts therefor to tt�e Mortgagee .
<br /> S. The Mvrtgagor wi1! pay all t:ixes which may b*e levied upon the Mortgagee's interest iu s:ud real estate and improve-
<br /> ments, and whish may be levied upon this mortgage or the debt secured hereby (but only ta the extent tt�ar such is not prohibit-
<br /> ed by law and only to the extent that sucti will not make this loari usurious), but excludiag any income tax, State ocFederal .
<br /> im�osed on Mortgagee , and will file the of�icial receipt showing such payment with the Moregagee. �?p+�n venlation of shis under-
<br /> taicing, or if tfie Mortgagor is prohibited by any law now or hereafter exisfing from paying the whole or a�y portion of the afore-
<br /> saesi tazes , or upon the rendering uf any coart decree prohibiting the payment by the Mortgagorprany such taxes, or if such law
<br /> or decree provides that any amount so pai.d by the Mortgagor shalt be credited un the mort�age debt. ttse Mortgag�e shall have
<br /> thc right to give ninety days ` written �otice to the owner of the mortgaged premises, req�irin� the payment oF the mortga$e
<br /> deE-it. lf such nistice be �iven, the said debt shall become due , payable and callectible at the expiration oi said ninety days.
<br /> � 6. That should he fail to pay any sum or keep any covenant provided tor in this Mort�tnga, then ttae Mortgagee , at its op-
<br /> tion, may pay csr perform the sume, and al� expendimres su made shail be added to the principal sum owing on the above note.
<br /> � shall be secured hereby, and sh371 bear interestat the rate set forth in the said note, until paid:
<br /> 7. That he hereby assigrss, transfers and sets over to the Mortgxgec, to be applied toward the psyment of the nate and all
<br /> surns secured lxereby in case of a defauJt in the perlormance oi uny of the teems and condiuons of this Mortgage or the said
<br /> note, all the ren�s, revenues and income tv be derived from the mortgaged premises during such time as 3he mortgago indebted-
<br /> ness shall remain unpaid ; and the Mortgagee shall have power to appoint any agent or agents it may dcsire forthe purpose of
<br /> i re�s�iring saed premises and ot renting the same and collecting the rents , revenues and income, and it rnagp�y out of said in-
<br /> � cornes all expenses of repairing said premises and necessary comrnissions and expenses incurred in renting and r�anaging the
<br /> i ` same and of collecting rentats therefrom ; the balance remaining, if any, to be applie3 toward the discl�arge of said mortguge
<br /> ' t indebtedness. ,
<br /> 8. That he will keep the improv�ments now existing or hereaSter erecled on the m�rtgaged property, insured as may be
<br /> req,uired from aime to tii3ie by the Mortgagee against loss by fire and other hazards , casualties and contin�encias in such
<br /> am�unts and fo� such pericxls as may be r�equired by t3�e Mortgagre and wi13 pay prumptly , wfien due , any premiu�ns on zuch
<br /> insvranee pravision for p�yment of whicl+� has not been made hereinbefore_ All insuraace sh�ll be carriad in companies ap-
<br /> proved by the Ivdortgagee und the policies dnd renewals thereuf sh�xll be h�ld by rhe Mortgagee and have attached thereto loss
<br /> pay£abio cluuses _in favor of and in form acceptabJe to ttie Mortgagee. ]n event of loss Mortgngor will give immediate noticc by
<br /> , ; max7 to the Mor3gagee,, who may make pcoof of Ipss if not made promptly by MortgHgor, and each insurance company con
<br /> 4 c:erned is hereby aulhorized and directed to mxke payrnent for such loss directiy to the M�rtgagee instead of to ihe Mortgagor
<br /> and Ihe Mortgag�ee jointly, and the insurance proceeds, ar any par[ thereof, may be applied by the Mortgagee at its optioa either
<br /> to tl�e reduciion vf the indebtedness hereby secured or eo the restoration or repair ot the pro�erry damag�d . In cvenr af foreclo-
<br /> sure of this mot^tgage or other Transfer of riile ta the mortgaged property in exlinguishment ot the indebt�dness secured hereby,
<br /> al! right, title and interest of ttre Murtgagor an and to any insurance policies then in force shal� pass to the purchaser or grantee.
<br /> 9. That as additiiinai and coJlaterai security for the paynaent of the natc described , and all sums to become due under this
<br /> mortsage, t:�4 1!orig�gon c�rcby assi�ns ta tho '�i�rtg,gee a;l �ro5ts. retie:tc:es, royalties. ri�„hts and b�:nefits ac�rui�ig w the
<br /> Mc���gagor unde3 any and atl oil and gas leases oa said premises, with the righz to receive and receipt f<�r the snme and apply
<br /> thesn ta said iadehtedness as weti before as after defaWt in the conditions of this mortga�e, and the Morty+agee may dernand, sue
<br /> #or and eecover• any such peyrnents when due and payable, but shall not be required so to do. '1'his assiLQnment is to tenniaate
<br /> an3 becomc zsulE and void upoo releaseof ttais mortgage_
<br /> 10. That thc Mortgagor will keep the buildings upon said prernises ia g�ad repair, and r.either coe�mit oor perniit waste . ,,,� y ,. r�. �
<br /> uporcsuid land; nar suffer the s:ud premiseS tn he used far any unlaw-ful purpose,
<br /> ll . 1'hat if ahe premises, or any pazi flnereof, be condemned under the power of eminent domain, or acquired far a public �I+t �,�4u"
<br /> • use . the damage .s awarded, t2re prucoc�ls f.e�r the tat.ing of, or the eonsideratian for such a�yuisition, to the extent of the fuf! ' "
<br /> amount of indeb�ednes upnn xt�is mortgage ar.si the rete which it is �ven to secure remaining unpaid, are Leoreby assigned by che
<br /> � " NJor'tgagor to the Mort�gee, ;and shail t>e �eid forthwith to said Mor�gHgee to be applied by the latter c�n aceount of the nex;
<br /> mata,ring installnraents of�uch indebtednass - �`
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