|
� �� - •. � , – - - : � _ _ __ _
<br /> �� � . . '
<br /> � — r -
<br /> ! . �
<br /> . , . .
<br /> � • ' y
<br /> --- ---- 89... - . .
<br /> �rower sM l�/er cavewl a�s�ee as fa�owx � or iF thc Lcedcr acqui�s tfie pmptrtY r,tUerwise�fter defautt,tAe ^ .
<br /> t.Thit�ower�n'tt tbc ierkbted Lendcr sh�l1 appl��.at the�ime ai the a�mraencement nf suciE
<br /> WY nas,u licrcinbefwe ptocnedin�ar at tha lin�e!h�pfoperty.is other.wise arquite3.ihc
<br /> � • provided.Privilete it reserved to ptyzlie dtbt in vrhok o►in part on b�lince than ren��inina at tht tunds accumu4ted urider(:)af �
<br /> - -- _ �ny instYQment due d�te. ,- P�r�g�P�2 Pr�xdin��.at a crodie s�tainst tl��moua!of�xietapst _ . . - -
<br /> 2.71►at,toje�her wiih.and in ad0ition to.tlK monthl t�n remaining unMicf ander uid note.
<br /> ' d v�aapv�ra Mlerac y wm�ents ,
<br /> p7i�wrder tit tern�s of tlie note xcurod 4.'f'h�t ti�c Ba�rawcc w�`Il:pp�!;�ruund rents.hxes.�ssessmeatv:
<br /> be�+eby.ti�e Yonowu wili qy tQ tAe Lx�der.oa tha firat day oF eacb water nt�s.and nthas,p�mtm�lt�i�or rnwici ' ... . . �
<br /> �t1�uaW tiie stid nde.isfi�llg piid.tre idluwie�wms: . . Pd rhar�es,fues,or _... .... .. .. ..._.....
<br /> _. . ., inrpnstt�t,for w�aici�.prrivition•�is��t ban ie�d�hereinbefdre,
<br /> aad in defAUll lA�nsof.ihe I.ender map PRY ttie sa�re:aud that t6e
<br /> (a)A sum cqwl to the acound rencs�if any.next due.plus thc Borrawcr wi11 pn�mpti±�ddirtr the dFicial reoeipta�tbero�or to t!e
<br /> praniwns dat will next tiecome due aed payabk on policies of fire ��� •
<br /> aed atlrer h�rd insunea coveriea the ptapetty�plus t�utes and �
<br /> apa�eats next due o+�tUe PropertY tNt as est�i�n�ed by rlrr Lende�) 5.Th�:Hnrrowt�wilf pay tll t�ts wbic6 may be kvied upon the ..
<br /> les�all sums alnadg p�id therefor dirided by tAe numbei ai montbs Itndci's interest�in:said reai e.uuate aed improvema�ts,aad wMich
<br /> w dapre 6efore one(1)mauh prior ta ttie due vrbcn such around may be kvxd uppn.this instrument or tbe debc sa;ured 6ereby(but �
<br /> ��ts.P�emioms,ta�rs uid usessmeets will bocome detiquent.such pniy to t6e axtcnh tlut such is not prohi6itad by taw and oelY to iie
<br /> - sums ta be hdd by[�nder in trust to pay said�round rents, txtent th�t susb will not mtke thss.loaa usucioLLS),but excludin��ny
<br /> p�e�niun�s,ta�its and�1 usessments:and irpcomc tax..Siata a�Fedeta�imp�ed un Lender,and v�n't[fik tiie . . .,
<br /> (b)Att paymenes mentioned in the preoeding su6section af this ufricittl.�ipt:showin�such payrnest with tbe Leatkr.lJpon
<br /> puapspi�aod atl payments to be m�de w�der the adc se�u�d vialWtion,nf�tHis underttkiqa,or iFthe Borrower is prohibitod by sny .
<br /> Uereby shali be sdded tosether.and the a�regate amount thcreof �w now�ur hereaRer r.�cistina from psyinE the whole a any portion �
<br /> stull be p�id by ihe Borrower each month in a single paymen[tn be af thC aforesaid taxrs,or upon the riendering of any court decree ' ..
<br /> � a�plied by t6e ltnder to tbe followina items in the ader set fonh: Prohibiting tbe payment by the Borrower of any such tazes.or if
<br /> such taw ot docree provides tl�at any amounE so paid by the
<br /> (1)around renu,taxa.assessments.fire and other hnTnrd instu� �ROwer shall be crcdited on tlte debt,tNe Lender sfiill hsve�he
<br /> aace premiums: , right to�ive ninety da.ys written notice to the owner oi the premius, ,
<br /> requiring the payrt�enc n�thc dc6G I[such notice be given.the said
<br /> (11)interest on the nate secured here6Y debt shall becarne due.pay�(r.ar.tl,toltectibk at the expiration of ' �
<br /> (AI)amorCuatioa oP the principsl of said nate;and said nieaty days. '
<br /> (IV)Ittc cbtraes. 6.That should ttje.I��rrower fait ta p�y nny sum or kap�-�•. � ' �
<br /> Any deGciency in the amount of s�i covenanc provided fcr i�?this instrument.then the Lender,st it� `
<br /> s�tti.unkss m�dc good by the Borrowcr��n thtr due dape of the °p�°R•ma�`���„������me.and all cxpenditures sa rm�tde . ._
<br /> next such pyment,consatute an event of defuuU undrt this 5���be��`t_n�.t�x princip�t sum owing on the said note,sbali
<br /> ' rtwrtEa6+e•7'he Lender may colleel a"Ibte ch�uga"�ot to eaceed four ��ured here�y,and sha11 bear interest at the nte sei fonh in the �
<br /> oents(4e)for ach doll�r(SI)of each p�yment mnre than fifteen �id note,until paid.
<br /> (IS)dsys in arraars to rnver the excrn expcnse imbtved in handting 7,That che Borrower hereb assi
<br /> delinquem payments. y gns,tnnstets and sets aver to the
<br /> Lender.to be applied toward th�payment of the note and all sums
<br /> 3. That it the wtnl oF the p�ymant�made b�,the Borrower under �ured hereby in case of a def�uft in thc performmce of aa�y of the
<br /> � (a)nf nar����h�pEe,�ss��s�p�X�th�:�saua�a�pSYmcnrf terms and cooditions of this instrument or tAe said nnt�,efl Q!e rEnts, ---
<br /> actuaU��made by th�LendEr fur,graund renu,[�xes and assessments ��'enues anA irtcome to be derived from the s�id premises durina
<br /> or insurAna premiums.a�tha c�e m¢y be,such excess,if the loan is such tfma as the indebtedncss sha11 remain unpaid,and the Lender
<br /> cvrrent.at the aptiun oLthe Burrower.shall be credited by the shall Isave power to appoint any agent or a�ents it may desire far the �
<br /> Lender on substqutnt ptymcnls to be made by the Borrower,or Pu��'�='}�repairing said premises and of rentina the same and
<br /> . l�f4R��O[I1C BUROWCI.I��hpWeVCf.the monthl �'-��`��x�s3g the rents,revenues�nd income.and it may pay out o�said
<br /> y paymenGy madc ,�,�es all expenses oi repairing sa►�premises artd aectssiry
<br /> by the Borrower under•(a)of p�ragra�ah.2 preceding shall not be . �mmissions and cxpenses incurred'm reat;ng and managing Ihe
<br /> sutf'�ciant r,p pay ground roncs,taxes and.iasussssments ar insurance. � �-
<br /> — premiums.u the c�se may be,whuc�hr.same shnl!become due and 'a"'C""""F CO1�cuna ren[ats there�ram;lhe b�fance ren�inins,if !�
<br /> payible.then the Barrawcr slu�ll ps�a��z the L�ender any amount ��Y•�o be applied toward the discharEe of said indebtedness.
<br /> neaessary to maQe up the defcienc��:'��n�r before the date wfien g.That the Borrower will keep the improvemenrs�ow exi:�in or �` -
<br /> payment of such ground rents,t�x�,a�s�ssmenu,or insurance �ereaftr:r erected on t�L propeny.insured as may be required fr m -
<br /> premiums shail be due.If at any tim,�tNu Bc�rrower sfiafl tender to ��me�o time by the G.°r:der agAinst loss by fire and other[iarirS,,
<br /> the Lentkr.in secordance wiU the�m��isions of ihe note securPd ��uu![f�::and contingencies in such amounts md for sucts peri�as
<br /> kereby.full p�yrtient of thr.cntir�e itrifebtedness reprrsented thereby, may�required by tAe l.cnder and will pay promp�fy,when dur.
<br /> tLe Lender sl�all�in cantpulfng�l�c.nmdunt of such indebtedness.
<br /> ercait to the account aE tht;B�nower�ny bal�nce remaining in the any�n:mir�ms on snch insurance.provision for payment of w6ich
<br /> funds accumuiated un�kr tAe pruvrsj��ny of(a)of paraarsph 2 herenL h'�����made hereinbefort.Atl insurance shali be c�Tried in
<br /> If there Ntwii be a de�auU under any�t the provisions of this GOtr�a'�`�a�p1dved by the Lcnder and the policits aAd renewsls
<br /> iastrument rcsuhinE in a public sak M'the remises cavered hereb . 1�p�`'0f,hali be held by the I.cnder and have atuche6 thereto loss
<br /> p Y payat;lc�:fauses in favor nf and in f�irm accept�ble to the Lender.In
<br /> Page 2 ot 5.'_-�-� - -A�------ -- HUD-f2t�3DT-1
<br /> � • . . � �----
<br /> � _ . � �
<br /> — i
<br /> �
<br /> �� � 4
<br /> ..:
<br /> � � • � �
<br /> � , � _'
<br /> - { � � � �
<br /> �..:
<br /> ���
<br /> 4 �
<br /> ' '�
<br />
|