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<br /> i�t�rwer�i I.esie�eovew�t wd Kne�t toNorrs: rtiore�tian fnt��.�en(Y:3�ietays in arrears[o cover the extra expcnse
<br /> r invmtucd in huctdfinA•�icl'iequenE payments.
<br /> L 'l�at Bosrower will pay the ir�slsbtednas.as kaeintrtfore .----_
<br />. pro�rided. Privikse u reserved to pay tTx debt in wttok or in part 3. 'fhat i€tt�e#r�ttal of thc payrtsents made by the,Borrower �
<br /> - oa any inst�limrnt dua date. under @s�c#'pan�rsph Z praefiing shalt exoeed[6e amount of
<br /> paym�t�actul�iJ�•d'tsde by the Lender for graund rents,ta�tes and .
<br /> 1. Tl�nt,tojet[fer with,and in addition to.the monthly a�sessnfcncsar,,i�fatir�iae prm�iums.as the c�se may be.sucn.ea-
<br /> � � p�yrndUs of princ�pai and interest payabie dnder the terms of'the cess.if tTia�rait�tscutienf;if�the option oY tlie Hoimvrer..stiail�be � �- - �� -- �
<br /> � note�ured hereby,tite Bc��rroa•er will pay ta the Lender,at the . cn:�dite�by tI1�f�ec�der on subsequent pn��menu ta be cnade by the
<br /> f�rx day of ach montb uatil the saiQ nae is fulty paid,the Bocrx�+ver;..or.�nded ca tbe Borrowa.If.however.t6e m�onchty
<br /> it+Aowirl�'su�s: pay�mant�nmd�by t6e Borrowa uitder(b)of RaragsaPb Z
<br /> • (s) Ateount suffutent to provide ihe holder hercof witb ftu�. �re'�ing s�t�2l��t•�sufficieni to pay grou�d sznts,tues aad " :`
<br /> i°pty ihe nest mat�e insur�►ce,premium if cJ�.instruateat�nd asscssma�lttt'or insC�;-c�t�e Premiums,as the eas�enaY.�,.wh�a the '• :,•_
<br /> ti�e note secut�i hae�:�rt insut'M.or a mqntbE�•:�erarge(in,7a�.- saniQ.stta[t become'+�e'�nd Pa3'�b38..thm ssse�+as�¢wer sha'u.�ay • -'
<br /> f , intaraaicY premiutn)if't�aey are�3.�j..s�'�e ta•�'�.tnder.any�..�ount�to ma�iEc��ipi�ifie c��ac�,.a.� �;,
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<br /> � . . rbut D�� matt� •, �l�;�';'a e the cfate�'.un Ps��,�f'sucta g��au�§.�senC�,,.t�arzs; ,
<br /> Se�'�;ak�f`�`(��(oosina�tid,U D .'�;;Cuuws �ses��,ents,or i�ce premipms sha3i Fre���e:•if at aa�ii�e`� , ``..
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<br /> ..�: . � +(1Ii����ad sr�5a��said nae'vF evee:ai�14�t��t��s:+ii�r�' �t!ie.&r,�r�v�er s?r�i_r�r to t'ae Lep�ier,iu aN*�:�Ydanre���:s;�T'�e, • ;:�°� . ,.
<br /> "..;tn�IN:�sx�''t�Cisted or�t�:�s�red arti�er.'t,fse gr�mstaizs o�Ei�a�fa- :prc�i.sr-,�:of t�e��i scc�ed r.hcr�SsY. fulf paymrnc of thr'�k�e ,
<br /> �.�:tra�l�irei�i�,a�;:�unt su.,ff"tta,eRi:'�as�"urr,�ate in t}1t .iit�e�*.,�s�{s ttpae�uA�t,�.sf�:ca�`,:t]'ie Lender shall, in a�p�i3`r��
<br /> � .`,::�nm�`c�F';E3ie'hoider a�ie'�!j�rnontfii p�tirzr.f..rs'iu cZvie'date the aanuat 'the�:ait of sv,�.�s3e�ted'�'ess,craliE to the account of We 8oc-
<br /> , " �txcgs�a�5taan�p:e�fum iti Qrd��C��rovide snch hotder wsth 'rower all paymtents citade under the provisions of(a)of puagr�tph
<br /> �uncts to pay such prrmharn to the Secrotary of Housing and Ur» 2 hereof which the ixnder hu not become obligated to pay to the
<br /> • `-��bm Drrebpmene pursuaat to the Na[iortat Housins Act; as • Secrr:ary of Housieg and Uiban Qevelopmen[and any bal�nce re-
<br /> ' amended,and Applicable Reguiations[hereunder; or mair.ing in the funds accumul�ted under the provisions of(b)of
<br /> � (II) Ii and so tong as said note of c�en dat�and tttis insitu- p�agraph 2 hereof. iP thzre shall be a default undu any of the
<br /> � mrnt ue hetd by the Secretary of Housing and Llrbau Dev¢!ap- D�ovuions of ehis tnstrument resulting in a purlic sale of the
<br /> ment.a monthly charge(i�lieu of a mortgage rnr:ur�nce premium) Premises co�•ered hereby,or if the Lender acquires the propcny ,
<br /> which ahall be in an amount equat to one•twei[th 1i,�12)of onc- otherwisr after default, the Lender shall apply. at the time of the _
<br /> commtncement oP such proaedings,ar at the time the pmperty is
<br /> hatf(t/2)per antum oP the avsrage outstandina balance due on otherwise acq�.�ircd. the balance then remaining in the funds ac- ' •
<br /> the note eomputed without taRing into account delinquencies or cumulated under(b)of paragraph Z preceding, as a ccedit against � �._
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<br /> . p�°��' �he amnunt of'prittcipal �fien rcr►uining unpaid u7Ecr said note. � �
<br /> (b� A sum equal to the grourcd rtnt&,if.a�./,next due.p(us tht and shall properly adjnst aay payments whic6 shaf}have becn _�
<br /> �remiums that wi13 next become due and payable on policia of made under(a)oP paragraph 2.
<br /> fue and oth2r haza:d insorance cotering the property.plus taxa
<br /> . aad�ssfssments next due on the prOpertp.fuU as estimated by the 4. That the BorroKer will pay ground rents. tax�s.assessments.
<br /> Ltn�ler)le�.s all siunv already paid therefior divided by tht nvmber water rates,and othrt gnverrtmastat or municipat Charges,�nes,
<br /> � of months to el�pse before one(1)month prior to the date whcn ar impositions. for whicfi provisian has not betn made :
<br /> such ground rents, premiums,taues and assessments will ixcam,: haeinbefan, and in default thcrrnf'the Lender may pay the same;
<br /> delinquatt,such sur.is t0 be held by Lender in trast to pay sa�� and th�.the Borrower will prvrr,7tly dcliver the offcial re�ipts
<br /> :. grow�d rents.premi�ms,.tuces and special assess�rsects;�*rd thcr�;ra*co the Lendor.
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<br /> ' (c) R11 Da5'ments mr�,tionai in th:Ewo precedi�g s�tserriv.��„� c. Yhe fiorrower wiU a a!t ra.�ces•,,hich may�e lt:�ir.��s�v. _
<br /> --- this�t�raph and a:.�yme�r[s cp�maRfe aa�L`:g ncre the Lender's intcrest in said real estate and improvements,and� �
<br /> secure�il�seby sha1�b�t added together,and the�-�gub ar,:;:�nt which may be levied upon this instrument ar the debt stca-ad
<br /> .• iheTeof sti8;,'1 6e pa�1�the Barrower each ma.r.:,��:;.�a single pay- here�y (but only to the extenc>�,�i such is not prohibitrd�:��waw '�
<br /> ment to be aDG����•b;'ihe Lender to the followi.�,F;:ems in the , �,�{�,,,;,y to the extent that suci'�w�iH npt rnake this loan us:.�ious). .
<br /> , order set forth: • but exriuding any income tax, 57a�e or Fc�ec�,'...imposed on
<br /> � (�� prara:::n charses uad�r the conitac�of insurance��+#cr Lender.and will fite the offirial receipt s�e�.�;i�i3 such payment
<br /> � the Secretary oi Housing and Urban Development.or moRt'.+.1�,� � with the Lender.Upon violation of this�r-���:aking,or if thc _
<br /> ' ciwr�e(in lieu oP mortieage insurance premium),as the case r�ay Bor�awer is prohibited by any Taw now or hereafter existing from
<br /> be; paying che wflole or any ponion of the aforeaaid taxes.or upon �
<br /> . (ll)ground rents,taxes,assessments.Gre and other hazs,crd ��e rendering of uny court decree prohibiting the payment by the
<br /> � i�urance premiums; Borrower of any such taxes,or iP such law or decrec provides that _
<br /> aey amount so paid by thc Borrower shall be credited on thc deb�,
<br /> (111) interat on the note secured hereby; . lhe l.endCr sha11 have the right to givc ninety days' written notice '
<br /> (IV) amortization of thc principal of said note; and to thc awttcr af�hc premises,reqoiring tfle paymcnc of tha debs.
<br /> If such notice be given, the said debt shall become due. payable
<br /> (V) late charges. and collectible at the expiration of sald ninety days.
<br /> Any deficiency in the amount of such aggregate monthiy pay- 6. That �hould the F3orrowcr fai! to pay any sum or keen any
<br />- ment shall. unless m�de good by the Borrower prior to the due ���eaant providcd Par in this instrument.then the Lender,at its
<br /> date of thc next such paymrnt,constitute an ever.t of default
<br /> under tAis mongage.The Lender may coltect a"fate charge"not option, may pay or periorm the same. and all expenditurrs so
<br /> to exoeed four cents(4!)for ach doltar(Sl)of each payarent
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