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<br />-102,167
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<br />IIonoww aswI Lnder ..........t .nd apea u rullowt,
<br />
<br />I, Th.t Borrower will pay the Indebtedn.... u herelnberora provld.
<br />.., Prtvllcp Is reserved 10 pay the d.bt In whola or In part on .ny In.
<br />..an- duo clal8,
<br />
<br />..
<br />
<br />I. Tlaat, loCdI- with. and In .ddltlon to. the monthly paymenll
<br />of principal aswIln*- payable under the I.mu of the nola secu....
<br />.....,. the Borrower wOI pay to the Lnder. on lhe IInl doy or each
<br />_III untO the uld _ Is rully paid. the rollowlnlwnu,
<br />
<br />C., Amount sufrlclent 10 provide lhe holder hereof wllb ruods to
<br />pay the neat mOll.. buur...... premium II tbis lrul...menl and lhe
<br />-....... hereby .... Inw'... or a monthly charce (in Ilru oJ.
<br />......,... louu""," "...........) II lhey a", held by the Seeret..,. or
<br />ltOlIIiatland Urban Development. u rollowl:
<br />
<br />(I) 11..... '" ...... u uld not. 01 even dat. .nd tbls Instru......t
<br />.... ......... or .... relnwred under the provlslons of the N.ta "
<br />"_DC Act. aa ..-nt oufIldeat to .....,..mulale In Ihe he..... or the
<br />hulder .... (lllDOllth prior ta III due clat. lhe annual mortPce In.
<br />__ pr-"am in order 10 pravlde web holder wllh ruods to pay
<br />such premium to lhe Seeret.ry 0/ 1I0us/nl .nd Urban Development
<br />punuaal 10 the Natlooalllouslal Act. u amended. and applicable
<br />R.,p1.'In... thereuader; or
<br />
<br />(Ill II ..... .. ...... u said DOle 0/ evell dal. and this lrulrumenl
<br />.... held by the Seeretary olllo.......nd Urban De..lopment, a
<br />_thIy cbarp (m IIn oj. "'o"I.~ i.....'anu "mn......) whleb sba11
<br />be In aa amould aqualtc .....,tw..fth (III!) 0/ o....balf (1/2) per COIl'
<br />t_ oItbe a..Olce oulltaadlJll bala""" due OIl th. nuta computed
<br />. wI!Ioout takIaJ Iota _I dellnqucnda or p.....ymenll'
<br />
<br />(b) A WID equal to the .......... ....b. Ir aay, neat due. plw the
<br />prcmlaras that .iII aut become due .nd payable on pollel.. of II",
<br />..... otba ........ Inw,...... coverl... lhe properly. p1w t.... and
<br />_ aut d... na lbe properly (all... ali_'''' '" .Iv LnuUr)
<br />... aU _ a1...ty paid thael'or divided by lhe ..umba 0/ mont'"
<br />10 ...... Won ..... (lllODOth prior to lhe dal~ wbon web around
<br />nail. ,...nhuna. t_ and _II wiU become dellnquenl. .uch
<br />_ lD be beId by 1..ender la tnul 10 pay said around ranll.
<br />........... '- aad opaelaI _nu; and
<br />
<br />Ce) All pa,.-s _lIna" In lhe t_ ...-JInlw'-'tloru oS thlt
<br />............ ..... aU ",~lIto be made uodar lbe nut. .,.,....
<br />......, ...... be 8dded t....her. .nd the aarept. amounl Ibereof
<br />...... be paid by the JIorrower each _tb In a Ii..... payment to be
<br />appIiIII by the LoMar lD tbe rolJowlo& lIenu In the orr1er ... rOllh,
<br />
<br />CI) ,...nlum char.. under the OOIItract or Inwra""" wllh lhe
<br />Seentary 0111_... .nd U...... Developmenl. ... .-thly d..,p (in
<br />..... .J....... __ ,..,.,,,,.,. u the cue may be:
<br />
<br />CII) .......... _. '-. _II, lire and ot'- .....n1 in.
<br />-- ..-s\UlDI:
<br />
<br />CIlII ~ na the _ -..red '-obyl
<br />
<br />CIV) _Ullaa DI the principal oS I&Id _I" and
<br />
<br />(V) late......'
<br />
<br />My do&laaer .. the _t of ouch .......... _thly ...ymeat
<br />..... ....... raade .... ..,. the IIonoww prior to the d... dale Dlthe
<br />_ .... ",y_, _It ubi .. _ 01 .w.ull undor Ibis mort-
<br />... ,... I..dar _y IlIIIIIaal . "Inl8daarp- _ 10 __ four """II
<br />(4") .. .... dollar (II) of -a. ...y_ .-. thaD flit.... (151 clays
<br />In ...... 10 _ lbn "'0 ...... Inwulno! 10 handllnl doIlDqllllllI
<br />...,......
<br />
<br />l.
<br />
<br />" 'I1tnt If ... laIaI of the ...fII*IlI mrode by the Borro..... unclor
<br />lbI 01 .......... I ,.,...110& ohaIl --.I the .mouDt of pay.....1I ac-
<br />,..., ... ..,. ... Landar Iar pound r...... t... .nd _II or
<br />....... .....1waI. .. the e_ ....y be. such __, Illhe loaD It
<br />....... .. the DptIna 01 .... .......... shall be cndI... by tha
<br />..... _ .r-.-a ...~ la be m.... by lbe Bonow.... or
<br />........ 10 the 1Ionoww. II. ......_. the _tbl, ...,........ made
<br />., the ....... ..... (h) of par........ I sw-dl... ....U _ be ......'
<br />..... .. pay ......... _. t.... aad _ or I......."""
<br />......... .. the _ ..,. be, ....... the __ shall '-.... duo .nd
<br />..,........ .... --.- shall ...y tD the Landar .ny amount
<br />-r .. .... .. .... dalWoooo)o. ... ... ........ t'" date ....... ...,.
<br />_II..... ....... _, t..... _, or I_,a""" ..._Iumo
<br />... ~..., .. al ..., II"" the Iorr_a ....11 lander ta the Lender,
<br />In ~ ..Ith tbe pravioIotlI 01 the _. .,.,.... .....by, lull ...y.
<br />_ oIt......... .....od_ rerw-tod t.......f. the ......... ....11,
<br />
<br />In ......pollnl the amounl of web Indebt......... credit to t.... IlOCOlIDt
<br />of lhe Borro...er all payment. m.de und.r t"" prav"""" of C.) of
<br />panp.ph 2 hereof whleb lhe Lender hu not beonm.. obIlpted 10 pay
<br />to t.... Seeret.ry or rtoudnl and Urban Developmenl aad aay bat.-
<br />remalnlnlln t"" ruods accumulated uncIer the provlsloru of (b) of
<br />par.,..pb 2 h.reof, II lher. shall be . def.u1t wtder aay of the pr0vi-
<br />sions of Ibb Instrument nosuJllnlln . pobllc uIe of tbe premises
<br />rovered l...eby. or lithe Lender acqulns the properI, otherwise alter
<br />def.ult. th.. Lender ohaIl apply, .tthe Ume of the onra_1 01
<br />web proceedings. or .t the lime I.... properly It otherwlle &aJoInd.
<br />th. baI....... then rem.IDlnlln the lundI accumulat'" wtder (b) of
<br />paoaraph 2 preceding. u a credit .plrul lhe ........... of prlndpal
<br />tben """alnlnl unpaid under uld aul., .nd ...... properly adJUIl aay
<br />pafll*lll wbleh Jhall have '-a made wtder (.) 01 parqrapla 2.
<br />
<br />4, That lhe Borra..... ...01 pay ground r.nb. t..... --I..
<br />w.ter rater. and ot"er aovemmental d' mulllclpal cbarpI. rlnes. or
<br />Im....tloos. for whleb pravlslon h.. nut '-a m.de herelabeIon. and
<br />In delault thereof t~ Lender may pay the ume: and t.... the JIor-
<br />rower .iII promptly d"lver the o/lIc1al .ecalr.1I thenfor ta the
<br />Lender.
<br />
<br />5. n.e Borrow.r will p.y alii...,. wllleb may beleriod upontbe
<br />Lender', Interest In aid .eaI ....t. and Impruvem_. ..... wlUcla may
<br />be levied upon Ibis instrument or t"e debt ......... hereby (but ....y Ia
<br />the eatentthel sucb Is nol prohibit" bf 1.011 .nd only ta the .._
<br />that such 01101 nut make thh luan wurlousl. but eaducllaa aD)' u-
<br />t.., Slale or Federal. lmpmed on 1..ender. and will file the oIfldal
<br />rcccIpt .....wlnl ouch payment wilh the Umdoor, U.- Yiolatinrr 01 tbio
<br />undertallnl. or i1lhe Borro..... Is prohibited by any Ia. _ or
<br />hereafter ..iJtlnllrom paylnlllo. whole or aD)' portlna 01 the
<br />aloreuld t..... or upon the .enderinl 01 any court deone pruhIbIttoa
<br />Ihe paymenl by the Ilorrnwer 0/ any sucb I..... or if ...... law..
<br />decr.. provlda thai .ny amount", paid by the ~ obaJJ be
<br />credited on the debl. the Umdoor &ball he"" the ....1 10 live Dlady
<br />d.ys' wrlllen nutlee 10 the owner 01 the praniIeI. rrquIrIoa the pay.
<br />ment of the cIebI, 11 such _ be p""". the uld debl obaJJ '-
<br />d.... payable .nd ...u-ible .t the ......._ of uld -,. days.
<br />
<br />6. That .....u1d t.... Borrower r.u to pay aay 111m .. keep DDY ......
<br />nanl pravlded lor In Ibis Instrumenl. t..... the Leader. at III optIno.
<br />may pay or perform the ....... ..... all ..pencIll..... .. made...... be
<br />8dded to the prlndpal JUm owl... on the above -. ...... be .........
<br />hereby. and sba11 ...... lot_ at the rate lei Iorth ID tile uld -.
<br />unlU J'Ud,
<br />
<br />7. That I'" Burro..... hereby......... IraasI.... and .... _ lD the
<br />Lenc1ar. to be .pp"" tow.rd tbe ...,- of the -.. and aU _
<br />"'"'y.... hereby in cue 01 a delayll In the pafunna_ 01 ...,. 01 ....
<br />t....... aswI c:ondllloru 011.... lmtnuralt .. the uld _. aU ... _.
<br />'.........- and Income to be cIerIv" lrom tile uld __ rIurIoa .....
<br />lime .. lhe Indebted.... shall remaia unpalcl. aswI the Lender .....
<br />h.ve po..... to appolnl an, apot or ....111 II may dalre for the ......
<br />..... 01 repal,l... aid p"",,1om .nd of ....U... the _ aswI coIIrd....
<br />lhe ran", rwenueI .nd 1_. .nd tt may payout of uld ~
<br />aU ..,..- or npalrI...1&ld ......Iom .nd _y _~ and
<br />_ Incun-ed In renllnl .nd ............. the _ and of caIIar:&Ioa
<br />notab thoreflDlD' the bal.""" remaInI.... II aay. to be applied IaWDnI
<br />tile diJcbarp 0/ uld I..........u-,
<br />
<br />8, Thai lhe Borrower will bop lhe Improvcmenb _ aIsliDI ..
<br />hereafter ",....ed on lhe property. I......... u may be ............ f..-
<br />lime 10 Um. by the Leader aplnst ... by n", aswI othIlI baunIs,
<br />cuuall... and OOIIl1n......... In sucb amoun" and lor ouch psiodI ..
<br />may be .....ulred by the Lender .nd will pay promptly. ..- due.
<br />any premlulDJ on such Inwr.""" provblon ror payment 01 wlUcIa ....
<br />_ '-a made .......nbelore. "Illmu....... oIlaU be carried ID onra-
<br />pan'" .pprvved by the Lender .nd lhe pol""" and _ab t.........
<br />ohaIl be Ioald by the Lender .nd have .ttached lhereto 1_ ...y.bIe
<br />da_ ID ravo. 0/ .nd In lorm aooept.bIe to the Lender, la _ 01
<br />... Borrow", will II"" Immediale _Ic>e by ....U to lhe Landar. whD
<br />may m.u proal 0/ 1_ iI not made promptly h, Borro..... and ....
<br />Il\IUr._ ......pany ""......nod .. he",by .ulhDrl..! and d1NCtad to
<br />make pafllMllIl ror IUcb I... dlr....ly to the I.......... IlIIlead oS ta tile
<br />Burro_ .nd I.... Leader )olnlly. .nd tl.. Inw...... .....-... ... ..,
<br />part II_I, m.f be .pp11ad by lb. Leader .1 III apllun ell'" to the
<br />.od..eUan olt'" Indebl"_ Io..",by ........ or to the nat....t..... 01
<br />repair olt'" properly dam.pd. In evenl DI rontt....'" 01 t.... loa...-
<br />_ or other trand", 0/ 1111. to lhe mortl.... Prol""'y In ..11..........
<br />_t n1lhe Indebied_ .,."ed he,eb,. all rllht, 1It1. andlnt_ 01
<br />.be Borrower 'n .hd tu all)' 'nsur..lt.oe ,MIlle,.. tlMII1 III 'or. ....11 pall
<br />10 .... purm..r or I,.antlll!,
<br />
<br />g, Thai u ...dlllooll and roll..o.al ,"",urlt, lor tlo. p.ym.nl oltlo.
<br />ROlli dmcrlbed. and .11 ,urn. In becotn~ dUll under 'lib h,"rul11elll, the
<br />Borro.... henby _.... to lhe !.end... .11 I.rulll., r..-u_, royalt..,
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<br />PItIJI.... .
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<br />HUO-I,2'..1()1
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