|
_ ,.;i �,. � Ty� 2��.�.� T�+�. ,�,y���� .
<br />_ �`c'.GrSf'E'ay�.�fi��£ki.�.�tt1�. � '�^ ' `:v�'::, �._`�v�ul-inii���`�c,.,RG a-tSF'i��aFw� `��:6� �.KY, -...t,: ���. _��1s7dF�i`���ia��11Mi�.r..�an'i�'�eth.n'18.'i�.:�c_Siu`YiAb.atiw -_
<br /> � _' �
<br /> . �...-_-...�--_ ' . .
<br /> �
<br /> � � � � 90-=ia�+��i
<br /> eoRU+�K sna��ae.�o.��nt aoo�ree�ronoRS: more than fifceen(lf)days in arrears to.c�•�:c r.h��.�trq,experue
<br /> � iravol��ed in handling dclinqueu payirtents.
<br /> i. Thai Borraw•er�{i!I pay the indebtedtsess,as hereinbrfore
<br /> pfBYI�.Privilege is rrserved to pay the debt in whote ur in parc 3. 'Chat if the totat of the payznen[�mzwe bp tl�e Botr�4xer
<br /> on any instaliment due daze. under(b)of paragraph�prec�eding sh�.�3 4�ca�ec!t6hr art:e�ric of
<br /> payments actualIy made by the Lender far�round revis,,�aY�and
<br /> 2. That,together witt�, and in addition to.th_ rnonthly ' assessmenu or insuraace premiums,as :he case may 6r.•suci�ex-
<br /> paymeau of principal and interest payable under the cerms of the cess,if the Ioan is�vrrent,at che option of tfie Borrawec::sh271 be
<br /> ' note secured hereby.the Borro�ver wiD pay to ihe Lender. on the c�e�fited by the I.ender on subsequ:tzs.��y�:ns'a E�e cca�/�i•by thr
<br /> fust day of eash month until the said note is FulIy paid.the Borrower,ar refunded[o the BaaroRer. [f f*.pti��ever,�ch;,:ttiaathly
<br /> followins sums• Paymrnts made 6y the Bartnx�.r ranci�:'�bl af naragrapli;�
<br /> (a) Amount saffccien[co provide the holde�hereof with fuuds Preceding shali not be suf�peni w pa�r grous�d rees�,.(aYr.s and
<br /> to pay the ntxt mnrtgagt insuranct premium if thss instrument and �meats or insurance p�utns.as she t�e may bp, when the
<br /> [ht note secured hereby are insured,or a moathly charge(in lieu same shatI become due and paya'ske lhcn.t�e Sar«aw�r shall pay �
<br /> oFa mortgage insuranae premium.t if they aze held by the tu the Lender any amount necessary ta�lr�up t�t:;de�iiency,on
<br /> of Housin and Urban De�eto ment,as foltows: o:befor�the date wher►pa3rmens of sucl�.:�un�•r�uts�,taxes. .
<br /> �� g � assessments.or insurance premiums s'�2ll't+�t3ue. �t�t.�i�y time
<br /> (f) lf and so long as said note of even date and this instru- the Borraw�er shall tender to the Ler_dar-,in accerd2,�:`�v�h the
<br /> ment are iasured or ue reinsured urtder the pravisions of the Na- provisions of che note secured hcrehy., full payqmsif��(�����entire .. ,
<br /> tiona}Horsiag Act,an amouttt sufficient to acsvmulate in the indebtedness represented thtreby, the Ti..csd�s�.�ttrsl,-ifi='�€'�nputing �;.
<br /> hands af the hoidrr one(1)rtanth prior to its due date the annual the amount of such indebtt�rs�ss,cre�it fn;tlie�:coi��i the Bor=
<br /> mortgage insurance premium in order to pr4tzde slch hoider av�th rower all payments made un:ir..s��F�t,prctytgii's�c�of:,�aj�i���aragraph ��'' '.•`%��,•
<br /> , funds to pay such premium to the Secretary,of�riousin¢and Ur- 2 hereof which the Lender h�,s noi f�c�.obiigat�d to pay co the :�.',,
<br /> ban Development pwsuant to the National t�L6u�g Act,as Secretary of Housing and Urb�n DeveL6psnent and any balante re- .;,� s
<br /> amendpd.and applicabte Regulations thereun3Qr or maining in the funds acc�unul•r.ta!un�gr ttte provisians of(U)of . '
<br /> (In If and so long as saiA note of even date and this instru- Paragraph 2 hereof. (f there shais f�a ds°f1u�:lt under any of the
<br /> ment aze hetd by the Secretary of Housin�and Urban Devetop- Arovisiobs of thu iasirumeat.resu�titl�:in:4 public sale of the .
<br /> ment,a�onthly charge(in lieu of a mortgage insurance premium) r��ses covered hereby, oe if�th� Len�i:r acquires the property ,
<br /> which shall be in an amaunt equal to one-twelfth (I/f2)of one- at7u�vise after default,th: i.ett�°r sh���upply,at the time of t,'�e
<br /> half(l/2)per centum of the atierage outstanding balance due on cQCa:nencement of such proce2di�a,.or;aG.�he time the property is
<br /> the note camputed�cithaut takiug into accoune delinquencies or othenaise acqu:�ed.the balanse then res�u!�i�g in the funds ac-
<br /> cumulated un�..er(b)of paragray�.«pra:t�is►S,as a credit against
<br /> prepaymenu; the amount-of principa!th.n.remaiai.n�..uapai�9 under said note. • �
<br /> (b) A sum eguai ta che ground rents. if aur_•,nex�due, plus the and shal)properly adjus[a�sX pa;ments�vhich shall have been , ;
<br /> premiums that wi!1 next become due and paya9le on policies of made under(a)of paragra�h z.. :
<br /> Gre and other hazard insurance covering the proDerty. plus tares
<br /> and a�sessments next due on the propeny(all as esrimarsi'by tde 4. That the Bono�r•er will pay grauasl russ, taxes,assessments. • �`��
<br /> ;;:Aur t.,.
<br /> Lender)less all sums already paid therefor divided by the ctamber warer rates,an�oiher goti•ernmental or murL;cipal c8arg�s,fines, �•;,J:'��
<br /> of months to elapse before one(1)month pricr to the date when or impositions. for�vhich provision has not been made '���`
<br /> such gound rents, premiums, tazes and asses;aYents wiU hecome hcreinbefore,and in default thereof the Lender may pay the same;
<br /> delinquent, such sums to be held by Lender in[rust to pay said and that the Borron•er�vill promptly del9ver [he of�cial receipts -
<br /> ground rents,premiums, taxes and special assessments;and thereCor to the Lender. '
<br /> (c)All payments mentionec!iis �be twn preeedir�g subseciions of 5, The Banow•er will pay all taxes whicb may be levied upon
<br /> thIs paragraph and all payme-�s ca be made under the note the Lender's interesi in sa�d real estate and improvements,and ��
<br /> , secured hereby sh�l @e added tog:ther, a��tl��:aRgregate amauni �yhich may be[evied u�s��.tf.,s instrument or[he debt secured =--
<br /> thereo4 shall be F�:r1 Ly ehe &orrawer eac: �rJ::nth in a single pay- hereby(but oniy co ti:e����;e that such is not prohibited by law
<br /> mer2t co be applie�bg the E.e,��:r to ihe faliowing items in the and only to th�e�re:::,'.:-z�uch wi11 not make this loan usurious).
<br /> ordtr G.rec forth: but excluding.;�sy :7eome tax, State or L•cderal,imposed on
<br /> (1j premium charges under the contract oi insurance�vith Lender,and�vill�le the of'ficia!receipt showing such payment
<br /> the Secretary of Housing and Urban Devclopment,or monthly with the lxnder. Upon violation af this undcrtaking,or if the •',•
<br /> chuge(in lieu of rnortgage insurance premium). as the case may Borrower is prohibited by any,la.v now or hereafter existing from
<br /> be; paying the whole or any partion of the aforesaid tares, or upon
<br /> (11)ground rents.ta�ce�:�.s;>sessments. i'ire and other hazard the rendering of any court decree prohibiting ehe paymeni by the �
<br /> irauc;znce premiums• Borrower of any such taxe5. or if such law or decree provide�that ���
<br /> ' any amount so paid by the f3orrower shall be creditcd on the debt. ' #
<br /> (111) intere�:on the note securcd he�ei;y; r���r i.ender shall hace the n�:l�t to give ninety days• �critten noticc
<br /> • � � i�.e awner of the premi�:�. rcquiring the payment of the debt. '
<br /> (Ih atr:;.rtiz:i::on of the p�incipal o: ,::;d note: and ;� ;JCh ne�ic�«�r given.eir�;.id debt shzI! become due, payable �
<br /> q� late chazges. z:d colleMib(e at che exCiratian oP said nine�y days.
<br /> .�..,; deficiency in the amount ef such aggse3'dIC mO::t�]iy F�y F, 'I'hat shoufd 1he Buno�+�ct fail to pay any sum or Reep any
<br /> ment shaq.unl:ss made gaod by the Borrar,ia�rior to the due ,;y,�.;n�nt provided Par in tlti•� iastrurner.4 thrn the Le�:i�.,:s,at its
<br /> date of the next su�ti payment,constitute ar.4.�nt of drfault �
<br /> ca.cr this mortga�. The l.en�cT :nay ec:'�:-t a "late charge" not ���ion.may�:ay or perforttT ��r same. .uid all expEnd's��rrcti sfl
<br /> to 2�.s4;ced four cents(4�) for r.:�I: doflar��ii of each pay�r..ent
<br /> � f � . .
<br /> � , •.
<br /> „ , � •
<br /> VagQ 2 of 5 FiUQ92143dT
<br /> ;- - --
<br /> #�.
<br /> . ���
<br /> � � � � J �
<br /> �
<br />� ��
<br /> ,. .
<br /> �� ..
<br /> � �
<br /> _ ; � ; r _ - _ _ _______ _ __
<br /> . .� - .�.� :.=_v . . . �_:�.�.1_ _ _
<br /> . v.. ,
<br /> ��,
<br /> . .. ..1 ari'-�S4ta�7i i . . ' - , aj;M1' . ,. � ��.M�3l.Yi�1t_..,.� .wra,.aa.r..dw�•s�,r� u....v -
<br /> " , . . ' .. - � . , ~� , • : . . . .'.'.a� . . ��++�-'9 . � = . .t(` � _— -- -'_ —- -.
<br /> . i� _ . . . , -- _
<br /> ._'_"'._. _'__.__ '_'._. ....' ' '_ ;"". __ _ '_' _ _' " — _'_ ___-- ' ' '_ "'_'_. __ __ .
<br /> __ _ - ._—__. . ._ '.- ` _'" ' '_ . .
<br /> . . _.. ..___-_ ...._-_._.__ . . _ . __ . _. . _ . '_ '. . .. .-_____ —. — �� . .
<br /> .. .._._ ___�._ .'___ ., ._... —_. _ ' . . . � _ __ . " _. . _ ' _ _ '
<br />, . . . '' ' . . . . . � __. .—._ _____'--_ - ' ' � . . . ' " . .' �'
<br />
|