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Ott "d lutlttkkr t"elttaal anal few r fttMat►y:
<br />1. That Borrower will pay the Indebiedri as hereinbefore
<br />pro%kW. Privikje is reserved to pay the debt in whole or in part
<br />on any installment dare date.
<br />2. That. together with. and in addition to. the monthly
<br />ptymettts of principal a,nd interest payable under the terms; of the
<br />note sectored hereby, the Borrower %ill pay to the lender, on the
<br />fatal d(ty of each month until the said note is fully paid, the
<br />fouming sums:
<br />(a) Amount sufficient to pro%ide the holder hereof tsith funds
<br />to pay the next FiFIMSaat insurance prallium if this instrument and
<br />the note secured hereby are insured. or a monthly charge tier lieu
<br />of a mortgtlge insurance premium) if they are held by the
<br />sccretary of Housing and Urban Doelopment. as fol<tows:
<br />(1) If and so fang as said note of even date and this imtru-
<br />tnent aro.irtstuext or:4,e reinsured lwiter the provisions of the Na-
<br />tional Hteeritsgr. :,;,. amouttt,lraglixnt to uscumutate in the
<br />hands r r1;c.hoid� <; (riot) [n1:.e1! t ?�r to slue date the annual
<br />motL ,i3isttran" t7ptmiuru in gr?iie- :ro preiilvr such holder with
<br />sia
<br />fuzd;, wj) tray such premium to flit: xetary b4 WOusing and tIr-
<br />tan bl.'icAtpmint pursuant to the ',Wr —tonal Housing :let. as
<br />amer,den,, end applicable Itegulatiohi thereunder; or
<br />(h) if and so Iong as sold Wort of cqc. rix ±e. and [his ui,tr►i
<br />mcnt are hold by tote Sccretara of Ho;asir., d+ :"' ti rt +ari Dc sclup
<br />went. a rtionthly charge (in hce 4 ,1 mofRayr 'r.- >ar.rme f,rcrim,M)
<br />which shall be in an anwutit egoa;. ,± orc- tesetftfl at '12) of One -
<br />half (l-.'.) per cetltum of the atcr.cwourstanding halanre due ,m
<br />the dote ctlmputcd e, l.• t':;nL'.. !;lie; ;E, iy;t:, a.coua[ delinquezz,ic, or
<br />prepayments;
<br />tb► A sum cquaii tn. -I • tnsan 3 -h's the
<br />premidms, that µill nitit hinctrlle w;i_1 alid �i; sliiti',l ate :) :lif 7G?:
<br />fire wal other hazard insutm:e 0-. _inu the
<br />and ;rstA° imenis ac+cr due &.In the yt,3perts td11 ,;cs esrrir,aic: rg r.fe
<br />lender) less all sums already Maid therefol dlsil,A!' 1•) the utrtnt+cr
<br />of months to elapse before tlne 11 ► nll,nth ;rtrH ul the date ,seen
<br />such ground rents. premnim.s. to -, tnd ae "'.Tien(+ Nd{ I'c:41111C
<br />delinquent, su.h sum% tt '-c hold t:,) 1 crd,cr ,a must to pay �anf
<br />ground rents. prenuunis, talcs and sjk,Ial ase,snienr,. 'still
<br />(C) All payments menttonec: if, fate tau rrctcding suh,c kilt, c;f
<br />this paragraph and a ii pa yments to he inade :airier the eau:
<br />secured hereby shall'isrc•edded together, 1114 rite agglegatel dellount
<br />thereof shall he paid b> the Boor >.aer cads mouth 1.1 a Yingtc'pa -,�
<br />ntent air lm applied b% diet 1 rndes� .!rr the I1011 sang Irene• in the
<br />order .i }^t forth:
<br />(1) premium .barges under the contra,'t of• ►nuir.rncX: mutt.
<br />the secretary of Hcluslug and ('than {i01, :ltpincnt. :+r nn,intth
<br />charge (ill freo If mtlrrgtc-r ).l+ura„Le f,reirntim), as the .trio Iita.
<br />be: (11) ground rents, taws. assessmcnt :. fire anti who haltid
<br />Insurance pranivatttiv
<br />11113 into_ 11ti ow, file nc,tesecured herclrs;
<br />of the principal of ,a;d nl +te, J! 'd
<br />I V 1 late chd+rges.
<br />Any deficiency its il.c amount of .0 :h aggregate nvolt?IiN ray -
<br />rnent shall, unitsv igitlie good by the Borrower prior to the dot
<br />date of the next :+eel► ray me:a,..,rls :mute an C, tilt of defaull
<br />under- this inettgage. The Unite," 0111) Wlltct a "late chatgv'* not
<br />to tsr'tisd four :mss (44) for to h dollar (fl) of each payntdre
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<br />more than fifteen (13) days in arrears to cover the crate expense
<br />ln%otsed in handling delinquent payments.
<br />3. That if the total of the payments made 6y the 801t9wer
<br />under (b) of paragraph 2 preceding shall exceed doer :111111 1111, of
<br />paymmus a mially made by the Lender f+x grQ4fl$ lento,. cops:; and
<br />assessments or insurance premiums. as file ca: mAy b�. 5uch ex-
<br />cess, if the loan is current, at the option of the .f AT -3*er, shall be
<br />4teditcd by the tender on sub,equcut payments rya, hi'made by the
<br />Borrower, or refunded to the IBoruwvr. jr. hQ%vgver. the monthly
<br />payments rnade by the Borrower under (h) of LttUr4gtaph 2
<br />preceding shall not be sufficient to pay gnlund 01115. taxes and
<br />assessments or insurance premiums,. as the cane miry be, when the
<br />same shat become duce and (ayabh% then the tl+tru!3ner shall pay
<br />to the Lender any amount necessary 11, make uj.14to deficie u -y, on
<br />or before the date when payment• ef such, grouitd' rims, taxes.
<br />assessments. or insurance preintlilrtts shall be due, if at anN time
<br />the Borrower shall Wilder to-tlrii:Lenrier, in a :tardance "I'l L tote
<br />Pros ision. of the nutc secured•�tireb). full payment of the elitire
<br />indebtedne,s represented ther•b). the tender ,hall. in computing
<br />the atllssunt of such iudebtedtiNsr. credit to the account of the Bor-
<br />mmer all papucats trade unddl: alto prPtiisions of (a). of paragraph
<br />2 livroof which the t ender lul& rx3t. °bbeoine obligated to pay to the
<br />Sccrctat % of Housing and l trSfctn flrc elt<1fYttent and any balance re-
<br />mdinint: in the funds acr-untlil.i r *f;.uhder: inc rrotisions of (b) of
<br />{taragr.y-,h 2 hereof. tY tifca: ?)ri33: fir a default under any of the
<br />pnlsivr>n, of this, m, lr!utruti(. r } : +siiatng in a public ,ate of the
<br />prenllws cutcrrit hcicij;; ttf,tt'.IW lender acquires the protserty
<br />otherwise Ifrer default. ah:.I.L,l: :r shall apply. at 1110 071c.�f the
<br />�tlfntlletACFtllnt !!f� sni'h•frr�l c>c'ifillgs, Or at the tittle 1410 -_ cY ONFIy is
<br />I,, her, I., acquia�l; }ice tt•atarlce then remaining in the 1-.,.Tn4_s ac-
<br />:un►tilaueli ulidd 161, 431 );gran- Ph : preceding, as a ai'i is against
<br />rho airmouat of prtilopai t:11. 1, tvl+ ,'atnmg unpaid under %" ;d note,
<br />a nif. -471:)1 pr0rcri','.1d;uet at,►•: nor.- itenis ,, ht.h shall IlLf-v wort
<br />ma& under (.!).11 f,ltrdrrdpll
<br />4 T hat the 11141106 sCr sadf (sal ground laves, assessr[ientc.
<br />saier r.tles, and oiltcr gosc,'r;r.w.7ial or murricipal charf:rs, fines,
<br />;'r utq +rltin -nut, fate t+ hart pr s l:ac ra has not been made
<br />hcicu►he b%fe. and�ill defauh thix., :of the 1 ceder Ina% pay J-zc same;
<br />.snJ like Itre Hurhalver µill pionip;l) dclner the olficial receipts
<br />- Ii:retoi to 11141 LoIder
<br />�. 1 ht 11orrou0r csdl pas .v�l tares vIll"lt Ind!, be levied upon
<br />tool' t cilder'9 interest 111 �dttr: ua;i� Cute and IltlproWllcills, and
<br />,shidt ruu)shtlCClyd 11p.111 Ul :'i Irl4trnlnCtlt tlr the dchi se tired
<br />hrruln• I(fip itnly I,, the c :.,4?'r '!let ,uai i; not prohibned by law
<br />rued rue +coil ttU.t :?r.r..r;rtd: ,cafe udl foul in. !te ans luau ounous).
<br />hncc><.liuling fir* ;r.::.,mr : r., s etc ur I cJer :+l. Ilolposcd On
<br />t;t:udo. and AIll (unite air;, :! re,eipt showing such pnynlent
<br />•xtlh it-v 1- cn.fcr t {tie: tt,.±a!;+ a tit rlus undertaking. o.;' if the
<br />Hortt "Aer 1s pwlllh :: t:; errs, :acs [tuts or hereafter C%ming from
<br />pasha; the whlyi: ore = ::y p+ t.r,ln 01 file 1101031d taxes. OF upon
<br />the rendering v1: ,ia; .tun & Ice probihiung the paynlcnt by the
<br />21rt,wer of au•, •,a.h t.ttes, r+r It al,h iaN ur Acute pulsidcs that
<br />am enlssunt so paid bs the fioiro%%er shall tw acducd on the debt,
<br />the I ender shall I.dte tole right to Ent i u eta days' tell•:.;o utticc
<br />to the 0A 110 of Ill.,- pn:rnn,,, rcquirutg tLe pa %luent „1 ,t he debt.
<br />If such inIme he g.rvlm. tlx ••aid del► shall bealllle llt.l.'fu%able
<br />and cr, :lColble at the ctrualroil tit saki cnt4:1) days.
<br />fi; 1 her sL',1a:d the Morn,,% Cl lad ry pa) any stint nr. i acts Ally
<br />,grwnanl rrimded for tit th,•.. nlsirument, then the 1 erd,,n. at It,
<br />crpnurl. Ina) pa-) or perform. the same, and all cNpcudnures so
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<br />Faye 2 of 5 �, -- MUD 9211�t1T
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