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89-,M105240
<br />a" NW 11A f0blM more than. fifteen (104hys in-Wremn to cow the extra expew
<br />1. That 1111wrowwr will PO the kreinbefore MvelVed in handligg 4&nWM pg"N"".
<br />men
<br />CID any iaagi[atat —
<br />Cd-WVWi6e e
<br />jd* in wwior -owt The if the reseal of the nRvMMft enact by tk* n
<br />gem.
<br />under M of perasniph 2 prowdiing sW exceed dw remount or
<br />2. Tho, tout dw wilIk. and in tatildilim go.-the- Moohly
<br />W4 latest "WAble under the terms
<br />PAYnKWS MICINFAVY ask by the I (Of. ground ZiRM taxes and
<br />Mnulwm iew 6nintiotie _�renstiwtas. M the cm may be, PAA ex-
<br />Of the
<br />nole SMMW hffft- the RW0wff wig Ply to the Lender, on the
<br />&K doy of ewh.nowh MM thin
<br />cess. if the km is cwpm", a tk optim of the sorrovm., drat be
<br />credited by the Leader on WbimIum Mments to be Made by Me
<br />Maid MM is W poid. the
<br />followirm own;
<br />Bot"3w, or WONCICd to the 1111knower. If. however, the MON*
<br />VOYMENS muk by Ne 11116nower under (b) of paragraph 2
<br />(0) Amom *W'dM to provide the holder hereof with funds PrImeditis ifujil n,* be suMkw tolvy ground Mts, taxes and
<br />to ply the next- iiaortgW "Iessments or instaranm Pf0dums. 35 the me may be, when thle.
<br />1111swNwe PrenWin if this instnuntnt and
<br />the OW term hereby are insured. or a monthly &wle (in &V
<br />oft OWWW inRwA&V Petridum) if they at heid by the
<br />same SW becom due acid Payable. then the Borrower slum I
<br />to the tender any &jjW=t reces"q, to: IVY
<br />Oake up the derk*%* on
<br />SlorotaFy Of "6121111111111 MW Urban 111OW111DOMM, as (ONOWS-
<br />or before the doic when p"nW t of such ground rents., too.
<br />(E) If and so W4 as MW note of even date and this in.gru.
<br />"M are WISIX11111 of are reinsured under the
<br />assessments: Or inWrAMT Pftmiwns shall be doe. If at any time
<br />the Borrower $11411111 tender to the Lender, in accordance with the
<br />Pt(wisiOns of the Na-
<br />601111111111006% Acts an amo&M sufr4dent to accurmiLtalf in the
<br />hattils of the hoiden one (1) Month to its due
<br />previsions of the note secured hereby. full paymeng-Of.
<br />_,the ewkf�.:,
<br />indIctredneu repmented thereby. die, Lender W in COMPutir",
<br />prior doe ft annual
<br />nw"&W WWROM PMWUftk in order to provide such hol4kr with
<br />funds 10 PSY SUCh Ptrentium to the Secretary of Housiag, Ur.
<br />be amount or such indebtedness, credit to [he account Of =tkL
<br />rower a payments inade, under the provisions of (a) of
<br />and
<br />ban D"CbPw*m Punum to the National Housing Act. as
<br />amended, 2M 11001ics* ReSulations,
<br />2 hereof which the Lender' has not become oUl4jfgo to pay "10
<br />Secretary of Housing and Urban Developrnent and 44Y baWnCe M
<br />thereunder. . or
<br />(11) If and so long as MW me Of even date and this ins,,ru-
<br />111aining in The funds accumulated under tM Provisions O((b� of
<br />rar38rapb, 2 hereof. If there shall be a default under any of the.
<br />Meat are held by the Secretary Of Housing and Urban Develop-
<br />iment, a nionthly.-tharse (in lieu of a MWISSOC insuraftee premium)•
<br />premisiqnji of this instrument resulting in a public see of the
<br />premises C crcd hereby, or if the Lender acquires the property
<br />which shall be in an amount equal to oft•twelilh (1112) of one
<br />wherwhi c. after default. Cite Lender shall apply. at the time of the
<br />half (112) per centurn of the average outstanding b4aq due on
<br />the OM cmpu4d without taking into account d0linqM14M or
<br />Of such Proceedings, or at the time the property is
<br />Otherwise acquired, the balance then remaining in the funds ac•
<br />A %A . . toft�' rents, if anY, next diuitl' the
<br />cumulated uJldet M Of paragraph 2 preceding, as a credit agWW
<br />the amount of principal 1hen-renuinkig-unpoitunder-said note,
<br />plus
<br />that: *01 next )+cone due and payable on
<br />and shall Properly adjust ally Payments which shall have been
<br />policies of
<br />fire trod O"k' hawed insurance covering the property, plus taxes
<br />made under (2) Of Paragraph 2.
<br />and astasmcma next due on the property (all 95 Cilitnamd by the
<br />L k" WJ surds abedy thud Owtfor divided by Cite number
<br />4. That the Borrower will Pay ground rents, taxes. assessments.
<br />of months to tlapse before one (1) month prim to flit dam- when
<br />such ground rats, premiums. tau% and assmfftnts
<br />water rates. and other governmental of municipal charges, fincs,
<br />Of impositions. for which Provision has not been made
<br />will become
<br />ddinqml, such sums to tt held by Lender in trust to pay said
<br />hatinbeforr, and in default thereof The Lender may pay the same.
<br />and that the Borrower will deliver
<br />XrOuDd 1`01111's- Pr9miums, taxes and and
<br />promptly the official reccipti.
<br />therefor to the Lender.
<br />(c) All payments mEn1lGnj`d;'iJ1 the !t-ku PimitAng s1nutioni, or
<br />this WSVVh and all pitymmul, to be made mider the note
<br />5• IfiV ROff0wel' will Pay all taxes which may be Ictied
<br />RX'Wod OWI be ad&d tOC"Mr, Wd the 2ggFtlaft amount
<br />=.
<br />upon
<br />the Lender's interest in said real "ate and Improventents, and
<br />thereof SWO P,
<br />aid by the Boirmiver cA.,h nionth in a single pay-
<br />"M to be gio&d by the Lender to the following iltrus in The
<br />which may be tc%ied upon this instrument or the debt'secured
<br />hereby (but Only to the extent that such is not by law
<br />order set forth:
<br />prohitited
<br />and only to the extent that such wart not make this loan usurious),
<br />premium ChUsts under the contract of insurance with
<br />the SWtIM Of Housing and Urban [Nevelopmcm,
<br />but excluding any income tax. State or Federal. imposed on
<br />Lender. and will file the official receipt showing such,; _
<br />Nyment
<br />of thly
<br />Mon
<br />chuSt (in &V- 'W-Mortgast insuran-m premium). as the caw may be.
<br />with the Lender. Upon �jo!aljorj of this undivaliffil,, �r�jf the
<br />130110'Acr is prohibited by any law now of hereafter
<br />411) ground rents, taxes, 2skssments, fire and Cdakr hazard
<br />vy- ring from
<br />raying the whole or any PZtkM Of the aforesaid taxes, or upon
<br />the rendering of any court 6ccree prohibiting the by
<br />ittvinfaft Prerniums;
<br />payment the
<br />Borrower of any such taxes. or if such law or decree provides that -
<br />01111) interest On the note secured hert*y,
<br />any amount so paid by the Borrower shall be credited on the debt.
<br />The Lender shall have tfid-61131 to days'
<br />(IV) aftl"iZation of the principal 01 std note; and
<br />give ninety written notice
<br />111-the owner of the prem.,.,^. requiring the PaYIMC (if the-debi.
<br />(V)
<br />fir such notice be given. the said debt shall become 41 payer)
<br />Jwndcollevibk at the expiration 4nety
<br />Amy deficiency o• 1)w afni'mat of such aggregate •Inotir!". pay-
<br />Of said days. .
<br />11"t shall. uRQ&"WA& 10R$ b7 the Borrower Prior to the due
<br />date of the mV "Wit PAYMMI, cOnAlitut'! an event of default
<br />6. That;iNi,4_0d the Borrower fall to P'.Lyanp any
<br />iaq, enant provided for in this instrument, then the CXZ4.,ir. its
<br />uD&F tl it nW*4w. Mite Lender may oNktt, a -late charge,, not -sption,
<br />10-MOWd fouir cents 140 for each dollar. 1$4,5f
<br />at
<br />may pay or pefforn, The jame, and all expenifiturcs so
<br />each W,.4wcni
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