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<br />;° � � � 76- 0065E� 3
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<br /> 5+�� �. /il If anJ su Inng uc saiJ notc of crrn Jak anJ Ihis imuunrcnl arc insurrd ur aie r¢iroureJ unJir Ihc pro��i.ion+ .�l Ihi� kauou:il Ilnu.inF .�<I . an .
<br />� amounl wlticient lo aaumulatc in thc hanJe o( Ihc holdu unc IU monlh p�iur lu i�x Jur Jaic Ihc annu:d mnripaFc inaur.�ncc ptcmium iu oidn lu ' .
<br /> pruriJe such holJer wi�h lunds W pay wch prrmiwa �o �he Se<reiarr o( HmninF anJ lhl.an Ikcdupmenl punuam �a Ihr Kaiimial Ilnu�inp Ac�.
<br /> a� amenJrd, anJ applicabic HeFulatium Ihercunder, or .
<br /> 1111 If anJ sn lung as saiJ nnte of eren Anle anJ Ihi� insuumenl are hclJ hy Ihe ticcrtiarq of HouiinF anJ Urhan Ikrrinpmem. a monlhly dinrfe lin . .
<br /> lieu of a nwngage insurantt premiuml which +hall he in an :unuum equal lu onrincl0h 11lIJ uf unohal( � ICI per crmum uf ihc arrr.�ge uub � . � �
<br /> ' al'JnJinglVllanceJutun111ennlrcunl�luleJUiilluullakinpinioJccollnidcliuyuencieaorplepa\'Inelliti �� . . . . .
<br /> IM A swn equal Io Ihe grnund rrms. if an>'. neA� due, plu� �he premimns Um� u�ill ne�l become due anJ parahle on pnlicia ul lirr and uthrr LaznN inwrance . . . . .
<br /> � iuvering Ih< monFagoJ pmpeny, plm Ia�es anJ a�xx�menls ncal Juc un �he munFaFrd properly I:dl dt rs�imalyd hq Ihc \1on�agerl Irn :dl fnm> :d� � � .
<br /> � rc�dY P�id IherefordiciJrJ hy Ihe number u( mamhs lo elapsr I+efore une month prior to the d.tle �chen euch ground renh. prrmium�. taxes anJ a�+ra� � � � � � �
<br /> : � . � nrenu W�ill Fecome delinyuent. >uch eums to lu hdJ hy M1tongag« in Im.t m pay said ground ta�ts. premiuma. eu<. anJ epeiial atseumenl�: :mJ �. � � .
<br /> . (e) All pn>'meNs mrntioneJ in Ihe INu precoding subseclinns uf Ihis paragraph anJ :JI paf'���ents lu he maJe unAer ihr nole secural herehy �hall hr :iJdrJ � � .
<br /> . . logc�hcr. unJ Ihc aggrcgatc umounllhcrcof +hali br p:�id h>' Ihc Atongagur cacL mnmh in il qlll}It rd)'IOPIII IU FG :Ir(�G[J Il)' IIIC AIOfI(;:I�;tt Itl IIIC LIIIOY'. . � .
<br /> ingi�emsinthcordcrsc� for�h: - � - �
<br /> � � � (II premium ch�rgts unJer �hr cmvracl of in+urance uilh ihe Srcretarp uf Huu+inF :���� Urhan Ih��dupinrnl. or munllily ehar4e lin lieu u( mpngage . �
<br /> iiourancc prcmium6 ��s Ihc casc may t+c: � � � . .
<br /> IID Bround renls, luRcs. axsusmcnu. fire and nlhcr haiarJ irour.mcr pmmiunn: . � . . .
<br /> _ 11111 in�eres� nn ihc nole srcurcd hrrchp: anJ �. . . .
<br /> � 111'1 amortir�lion o( Ihe principal of saiJ nutc. . � �
<br /> � Any deficiency in Ihe amouN of anp >uch :�rrgale montlJy pal'mun xhalL uNe�e made goed hy Ihe Mu�IFagor prior I�i Ihe Juc d�te of thr imtl wch . � .
<br /> . �. ' � paY�nen4comtilulo �neve�tufdefaullunJetlhixmungaFe. 'fheMonF:�F�emaY ���llena "lated�a�Fe" nonoexceedlw�u <enlsCtUoreachdulLulSh � .
<br /> � of each pa)anenl mnre ihan 1it�een U51J�ys in arears tu corer lhe ra�m e>p<roe inroWcA in hm�AlinFJelinyurnl paynmmx. � -
<br /> ;l. 'I'hut i [ the tnlal nf ihe puymi�nt5 m�ide by Ihe .�IortRa�or undi�r (b) of parugrapl� '? precuJin� �hnll exceed
<br /> lhe :tmount o( puymenlv u<�tu:�lly mxdi� by lhi� .11nrtRu�ee fnr �round rents, l�ses :md asse;smenls or in�urunct� pre-
<br /> miums, as lhe ca�e may 60, such excess, if the loan is current, at the option of �he 1lortgagor, shall bc rredited by
<br /> Q�c Uorlga�ce nn Subsequcnt p�iymenls l0 6o mndc b� thc \turtga�or, or mfundcd lu the .Vorl�;ugnr. If, huwovcr, the
<br /> monthl�� payments madc by the 1lortgagor undcr (hJ of pnragraph ? preceding shall noc bc sufficicnt cu pay grcwnd
<br /> rent, tases und usscrsemenl, ur insurance premiums, :�s Qu� c:��e mut' b��. �rhrn lhe same ..hull 6ecnme due and pay-
<br /> `, 1 .iUli� , ihen (he ilortg.y;or shull pa�� lo lhe 11orl�;a�ce am� umounl nec��r•s�iry ln makn up Ihe dnficiency, on or be(nre
<br /> .c .
<br /> � thc dale �chen puymeni of such gmwid rent� . Lixes, a"ca�me�nls or in�urancc: preminms .hall be due. If nt :u�y
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<br /> = � lime lhe \1urt�;ugor sh:dl lender lo thi� IlurlRa�;ec, in aecordance �tiiqi the provision.� of U��� note �i�cureJ hom6y ,
<br /> ` full puymunt uf lhu onlire indeblednc�.� represenlcd lhcreby. lh�� 11nrtRaRce shull . in computing ihc nmount of wch
<br /> ? % indeb�edness , rredit to thc accoum of thc Mortgagar all pay'ments maJc undcr the prorisions of {n) of pura�;raph 2
<br /> ` ; hemo( xhich U�e 11orl�.�u�;ee hus nol beromi� ubliRated lo pa�' to the 5ecmlar�' ol' Ilou:inR :uiJ Urban Dcvclopment
<br /> 'F anJ :ui�� balanec remainin� in !he fimJi accumulated tmder lhe pru��i;imiti uf (6J u( psua�rnph 'L hemoL If there
<br /> � i �h:dl be u Jef.mlt m�der uny u( the pro� i �iuns n ( thi � mnrl�u�;e resullin�; in a public s:de n( the premi �es cucered
<br /> herebV, or if the �brt�agec acquires Ihn prnp<�rty uQiensisi� afler Ji+fuull. Ihe 11ort�a�;ce �hall apply, al the timo n (
<br /> ; ;� the commencement uf �uch proceedin{�s, or al lhe limi� �he proprrty i� o�henvi �i� ucqi�ired, Uie balancu tlicn remuin-
<br /> �: ; ing in ihe fwids accumuluted under (G) ot par:��;ruph 2 prei•i�din�, u, u rrc�dit a�ain�l the umount of principal then
<br /> i � remainin�; unpaid unJer �aid nole, and shall prnperle adjusl an�• paym��n(s �chich =hall ha� e 6i�i�n m.ide under (a)
<br /> af par:ytraph 'l,
<br /> ' 4. 'fhat �he �tortg,igor ���ill pay grounJ rcnts. unes . asscssmen�s. w:rter rates. :md o�her go��crnmrntal or mwiicip:d
<br /> ',: s rhar�;es. tines, or imposi�ions, tor �vhich proeisiun has not been madc hereinbeFure . :md in Je(ault thereof the �tortgagee may
<br /> � p�iy� �hc same; and lhat the �lortg;�gor �rill promp�ly deliver ihe o0ici;il reccipts thcrcfur to the �tortEagec.
<br /> � S. The Aton�:agor wilf pay all �.ixes ahich may he le� ied upun Ihe Alortgagec's in�erest in saiJ rc;d estate :md impro�•e-
<br /> ' ments. and which may hc levied upon this mortgagc or the debt sccured hereb}- Ih�n only tu thc cstent that such is nut prohibit-
<br /> �' j ed by law :md only tu the estem ihal such will not m;ike this luan usuriaus), bW c.xcluJin�; ;my income tas , S�ate or Feder:il ,
<br /> " imposed on �forlgagee , anJ will filr ihe u0ici:d receipt sho�� ing such paqment N'ith �he �fur�gagee . llpun ciolation of ehis unJerv
<br /> ' taking. or if the �furtgagor is pruhihileJ hy any law no�c on c�rcaf�cr existing frt�m p;rying �he wholc or anv porlion uf the aforz-
<br /> s;iiJ t:ixes. or upon the renJerin� uf any court decrce prohihiting the payment hy the Aturtgagor ar arq such �:ixes . ur if such I:nr
<br /> � or decree proviJes that :m}• amount so paiJ by Ihe �IortE:igor shall be crrdi�ed on the murtg;ige deht . the 41or1}agee shall ha� c
<br /> y' the right to give ninety Jays' �eriucn noiice tu ihe o�vncr of thc murtgaEeJ prcmixs . rcyuiring ihe p�iymem of the mungage
<br /> Jebt . It such notice be Ei��en , the saiJ Jebt shall becumr due, p;i�:�hlr xnJ collectiblc ai the e.cpiralion o( tiaid nincty da� s.
<br /> � 6. That shuuW he fail to pay ;my sum ur kecp nnycovcnant proviJed (ar in this 11ort�;:ige , then the titor��agec . ;rt its op-
<br /> ; �ion . may pay or perfurm thc same. ;md all c�pendiwres �u maJc shall he �idded tu �he principal sum u�� ing un �he abu� e nnte .
<br /> ' ; shall be secured hereby, and sh;di brar imeres� :u Ihc r.�tc set furlh in the saiJ notc , wuil paid .
<br /> �.: ' 7. Th;u he hereby assigns. truns(ers and se� s uver to the Afor�gagcr. to bc applicJ tn�earJ ihe p;�ymem of the note anJ all
<br /> % tiums secured hrrcby in case uf a de(aull in thc perfornWnce of :my o( �he icrms ;mJ conditiuns of ihis �1un�;age ��r �he �:iiJ
<br /> note. all Ihe rems. re��enues and incume w hc Jerired frum ihe mortF;��:eJ premisrs Juring such time as ihe mort�age indrbted-
<br /> ness shall remain unpaiJ : and the Atortgagce shall hnve po�rer to ;����,��� :my :i�ent ur aEcn�, ii maq Jesire for thr purpou u(
<br /> mpairing saiJ premises ;md uf rcnting thc s;ime �md collecling ihe renis , «� enucs ;md incumc , anJ it may' p;iy ou� uf s;iiJ in-
<br /> " comes all espenses o( repairing said premises and necess;uy commissions :inJ expen+es incurreJ in renting �md nr.inaging ihe
<br /> same and of cvllecting rentals �herrtrom : the balance rcmaining, i( any, to he :ipplieJ tu�vard ihe dicch�u�:e of s;+id morlF��F�
<br /> ? indebtcdness .
<br /> ` 8. That he will kecp !he impru�•emenls nuw c �islinE nr herca(ter crcc�ed un Ihc mung:iged prnpeny . imured ;is m:i� hc
<br /> f � rryuired from time tu timc hy the 9lungagec againsi loss hy lire and oiher h;¢;irds . casualiies anJ continEcnric� in .uch
<br /> `- amuunls �md for wch periods :is may be rcyuireJ hy the 1longagee ;ind ail� pay prumptly . Hhen Jur, ;my premiums on such
<br /> insurance provision for p;�ymem ot which hns nul hecn maJe hereinhefore . All insurmce �hall he carricd in rumpanies ;ip•
<br /> ! pruvcd by ihe Mortg;igcr anJ Ihe policics ;md renr�s :ds �hereu( sh;dl hc hcld by �he At��ngagee and ha� c aUxhed �hercto Ins+
<br /> payable dauses in (avnr n( :md in lorm accepi;ible io �he 1lorigaEce . in e� cnt of Inss \IurlEagur �cill �;irr irnmeJiatr notice hq
<br /> 's m;iil W the Morlg:iger. uho m�i�� m:ike pruof uF luss if nul mude prompll�• h} �lnrlgagor. and each inx�rance cumpsny cun-
<br /> � cerneJ i, hereby au�horizcd and Jirecled Io makr p;iymcnt fur such loss Jirectly to �he lfurtEaEer im�caJ uf to Ihc Uorlgagur
<br /> anJ Ihe �1ortgagee juindy . and thc insurance procecJs , or an�• part thercot , may he :ipplicd ht dic �fort�:a�re at iis uptiun ciiher
<br /> � lo �he reduction o( the indeMeJnrss hcrehy sccured or to Ihe restur.uion ur repair o( � he property J;im :igeJ . In e� cm o( (ureclu-
<br /> � surc of this mun�agr or n�hcr trans(cr of title to ihe morlgaged pruperly in ex�in�;ui.hment of �he indehtcdness sccured hereby.
<br /> all right , title and interes� of the \tortgagor in and to any intiurance pulicies thcn in forcc .hall pass to thc purchascr ur gramee.
<br /> E ' 9. That as aJdi�ional and collaleral security for the payment of th� nole descrih�J . anJ all +ums in brcume due unJer ihis
<br /> morlgage. the Morig;igor hereby :asigns to the Atorigagee all prufits. revenues . ruyalties , rights :md benelitti .iccniing w ihr
<br /> ' htongagor under any anJ �dl oil and g�+ teases on saiJ premises , �cith the right to recei� e :md receip� fur ihe s;une anJ apply
<br /> them to saiJ indebtedness as Hell before as after default in ihe conJitions uf ihi. mong�ige. :mJ the 11ortEagec ma}� Jem:uid , sue
<br /> (or and recover any such payments when duc anJ p:iyahle , hut shali nut he rcyuirtJ su �o Jo. 'fhia assignment is tu tcrminate
<br /> and become null .md voiJ upun release uf this mortg�ige. -. � ,� :
<br /> 10. That the �longagor w•ill keep the builJing� upun said premise� in guod rep:iir. anJ neither cummit nor pemiit �easte
<br /> upon saiid IanJ . nor sutter the saiJ premities to be usrJ for an� unlaa•ful purpoze . • N ;
<br /> I I . That if the premius, or any p.irt ihereoL be cundemned under the puxer of eminent Jomain, or :icyuired for n puMic . � '
<br /> use, the damages aw:udeJ . Ihc proceeds (or thc u�king oL or the consiJeration fur such aryuisilicm , to �he ertent uf Ihc full
<br />�r ' I :+mount of indebteJnes upon ihis mortgage :md �he note uhich i� is given to securc remainin�: unpaiJ , arc herehy ;nsigned hp ihe ^ .
<br />,�;: �1urt�gor to ihe Morigagee. anJ sh;dl be paid fortM� i�h to saiJ �turtg:igce to be :ipplicd hy ihr lauer on �iccuunt uf �he ne�t �
<br />'� maturing installments of such indeb�edness, t!?
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