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<br />if a r_ t Ilut lkycl.•pntcnt pur,uam I! e
<br />b A, , L .al Ic Re, t.ia,, ,m tit, gun ec or
<br />111? l; rr> .._ .; .r note of even Jate and this utstrurxnt are held hr the Secretary of ii.,usim_ and
<br />F t rl t :vain ,hnoeta- a mixithly charge fill lieu of a nr,orrgage insurance prennum) which shall he in an
<br />equa! t., one - twelfth ( 1 .112) of one -halt 11; _1 per cenrutn of the average ouistanduig halancc
<br />due or, the core computed wtthoUt taking into account delinquencies or prepayments.
<br />(b) A stun equal to the ground rents_ if anv, nest due, plus the prenuunts that will next become due and payable :m
<br />Policies of fire and other hazard insurance covering the mortgaged prol-wrty_ plus taxes and assessments next due
<br />Oil the mortgaged property fall as estimated hr the ,Iforrgagec I less all sums already paid therefor divide) by the
<br />number of months to elapse before one month prior to rile date when such ground rents. prenuunn. !axe a I I
<br />assessments will become delinquent. such sums It) he held '-y Mollttagee in trust to pay said ground rears.
<br />miums- taxes and special assessments; and
<br />(c) All payments mentioned in the two preceding subsections of this paragraph and all payments to he made unties
<br />the note secured hereby shall he added together, and the aggregate amount thcra,d shall be par,' 11v the Mortgagor
<br />each month in a single payment to be applied foss the Mortgagee t, the ? :ri!owir.e !tents in the or:ier set forth
<br />Ill p iemium charges under tire ontract of utsur.mcc nrf i the Secretary ,4 N:IUSim_ and ll:'han Deyei,opmeTit.
<br />or inonthly charge tin licie ,rf nnmtgage insurwict, hrernium). a =, Ow : ase ;nay he:
<br />(lll groound rents, taxes. assessments. fire and other hazard insurance vwiiumm,
<br />1111) interest on the note secured hereby, and
<br />Ilv) amortization of the principal of said note.
<br />Any deficiency in The amount of any such aggregate runttltfy paynicnt shall. unicss mecie 2410d by the Mort-
<br />gagor prior ti the due date of the nest such pacnnrlt. a.ostiltlie art C%cnt „r dcuntli under this mortgage. The
<br />Mortgagee n:av collect a "late charge" not to exceet] !ill.' cent. I-10 fur each dollar 0,1 1 o! each payment nton:
<br />than fifteen I 1 ;1 c1.:) s Ie arrears it) cover the extra expense involved to handling delinquent payments.
<br />;. That if the total of the payment- made be the Morig'agorunder t':' of paragraph -_' preceding hall exceed
<br />Ill(- amount of payments actually made by the Mortgagee for ground rent -- taxes and a- ,e- sment- or in�ur.mt )ro-
<br />miums. as the case mac be, such excess. if the loan is current, at the option of the Mortgagor. shall be credited by
<br />the }iortgagee on .subsequent payment= to be made b% the Mortgagor. or refunded tit the Mortgagor it', hnweyer. the
<br />monthly payments made by the Mortgagor under :'bl of paragraph _' preceding shall not he sufficient to pay ground
<br />rent, taxes and a- se-sments or insurance premiums. as The cu-e mac be. when the same shall become due and pay-
<br />able then the Mortgagor .shall pay to the llortga ee any amount nvv,, Lan io make up the deficiency. on or before
<br />the date when payment of such .ground rents- taxes- a- sessmvrl or insurance premium= shall be due If at any
<br />time the Mortgagor =hall tender to the Mortgagee. in accordance with the pruyi -ion- of the note s enured hereb% .
<br />full payment, of the entire indebtedne'-s represented thereby, the lhertgageo Aiali in computing, the amount of such
<br />indebtedness, credit to the account of the Mortgagor all payments made under the provisions of - of patctgraph
<br />hereof which the \lortgagee ha= not become obligated to pac it) the �,ecrviar% of Housing and 1,rban Development
<br />and any balance remaining in the fund= accumulated under the pro,ois ions 4 !'�! of paragraph '2 hereof. if there
<br />shall be a default under any of the provisions of chi= moriltage resulting in a public sale of the premise - coyerod
<br />hereby. or if the Mortgagee .tcgnirv- the property oihencise after default. the \lurtgager shall apply, at the lime of
<br />the commencement of such proceedings. or at the time the propertc is othvr%,i -v acquired. the balance then remain -
<br />ing in the funds accumulated under ! ; of paragraph 2 procodin . a- it credit again -t th(, amount of principal then
<br />remaining unpaid under said note_- and shall properly adju -t any payment- which -hall hay(, been made o, ^,der'::;
<br />of paragraph ?.
<br />a. That the Mortgagor will pay ground rent,. taxes. ii +es,ment,. pater roc,. :ind other gttycrnmernar or municin:u
<br />charges. fines. or imposition,. for yrhjch provision has not been made hercinheiore. and in default thereof the Mortgagee m,1,
<br />pay the same: and that the Alorigagor will promptly del,ivcr the official receipt, therefor to the Mortgagee.
<br />5 The Mortgagor will pay Al taxes which may he levied upon the Mortgagee', interest to said read esrate and mtpr,nr
<br />merit,. and which mac he levied upon this mortgage or the do ht secured hereto that onh u, the extent that ouch I, not prohibit-
<br />ed by law and oniv to the extent that such will not make thi, loan u,uriou,t. hilt excluding my income esx. Suite or Feder,,;.
<br />imposed on Mortgagee. and will file the official receipt showing ouch putt mew with the Mortgagee. l'plon yiolatian of this under-
<br />taking, or if the Mortgagor i, prohibited by % any law now or hercidlei existing from paying the whole or airy portion of tine :dore-
<br />,aid taxes. or upon the rendering of any court decree prohibiting the payment by the Mortgagor or any such to ,c,_ or if such lay.
<br />,it decree provides that am, arnount su paid by the Mortgagor shill! he credited on the mortgage debt, the Mortgagee shall hate
<br />the right fo Lice ninety Jays' written notice to the owner of the mortgaged premise,. requiring the payment of the mortgage
<br />J.'+1 if such notice he given. the said debt shall become due. payable and collectible at the expiration of said ninety day,.
<br />1 ;,, h: r. !,i 'n f :,! !,, pan am stint ,)r keep any covenant provided for in this 'ylortgage. then the Mortgagee, at it, op-
<br />t11 lh � I.— ;,., the , wic..!nd al! expenditures ,a made shall he added to the principal sum owing on the :chore little.
<br />,hall he secured herehy , and ,hall hear interest at the rate set forth in the said note. until paid.
<br />". That he herehy assigns, transfers and sets os er to the Mortgagee. to he applied toward the payment of the note and all
<br />sum, secured herehv in rase of a default in the performance of any of the term, and conditions of this Mortgage or the ,itid
<br />note. all the rents- revenue, and income to he derived from the mortgaged premise, during ,uch time is the mortgage indebted-
<br />ness shall remain unpaid: and the Mortgagee shall have power to appoint arty agent or agent, it may desire for the purpo,c of
<br />repairing said premises and of renting the same and collecting the rents, revenues and income. and it may pac out of said in-
<br />comes all expenses of repairing said premises and necessary' commissions and expense, incurred in renting and managing the
<br />same and of collecting rentals therefrom: the balance remaining, if any. to he applied tow,;rd the discharge of said mortgage
<br />indebtedness.
<br />R. That he will keep the improvements now existing or hereafter erected on the mortgaged propertc. insured as may he
<br />required from time aI time by the Mortgagee against loss by fire and other hazards. casualties and contingencies in such
<br />amounts and for such periods as may % he required by the Mortgagee and will pay prompt!} . yvhen due. an\ premiums on such
<br />insurance provision for payment of which has not been made hereinhefore. All insurance shall he carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof shall he held by the Mortgagee and have attached thereto lo„
<br />payable clauses in favor of and in form acceptable to the Mortgagee In event of loss Mortgagor will give immediate notice by
<br />mail to the Mortgagee. who may make proof of loss if not made promptly by Mortgagor. and each in,m'ance c ompam con-
<br />cerned is hereby authorized and directed to make payment for such loss direct], to the Mortgagee instead of to the Mortgagor
<br />and the Mortgagee jointly. and the insurance proceeds. or anrc part thereof, ma) he applied by the Mortgagee id its option either'
<br />�y
<br />to the reduction of the indebtedness herehy secured or to the restoration or repau of the propert y damaged in cxent of foreclo
<br />sure of this mortgage or other transfer of title 10 the mortgaged propertc in extinguishment of the indebtedness secured herehy .
<br />all rigid, title and interest of the Mungagor in and to anc insurance policies then m force shall pits, to the par ha,cr or grantee
<br />9. That as additional and collateral securi" for the payment of the note descrihed. and ;ill ,urns to hecontc chic under efts
<br />mortgage. file Mortgagor hereto assigns to the 'Mortgagee all profit,. revenue,. my;dhV' . tigltl, and hCnCfit, arcruhtg to ncV
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<br />Mortgagor under any and all oil and gas leases on said picnuse,. "oh the right In rr:e•I,r :Inci ;ecctpt for the aspic :Ind ap p!t
<br />them In ,;,id ntdehicdnc- :I, well before a, after de•f;wlt in the clmdinnts „f 1111, MO? JcaLt'..Ind the Mortgagee mar demand. ,tic
<br />for and Feu „cr any ,u:n P;t,.;netu, when due :Ind payable. bur .boll not lie rc;;unr,l ,II to d„ file .I,slgnntent r, to is ^'mingle
<br />u:,i t.r.orn•.r r;,, .sand . n.! unl'•,n.lekU,e ifthl, mortgage
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