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11 mooth ja3 vIr t�, �3,, due "a ie me in itua; U! �W I a pre I II�Wz, ii I lo it I i'vide sucit itol"j. I
<br />I ri
<br />With fundA' T., _i� u,,�,h p;,- mium t�, S�,,�� j,- -lie jau t nxii DION't'lOilinCIII PIITS"3111 to tile
<br />National Hou.i.,sit, Regu1jinii,stheicuilder.
<br />A,r as amended. jt-lo,,pph�:aHie i,r
<br />(11) If and so long as said roole of even dale and this insirtionni ate held by lhe Secretary Lit Housing and
<br />Urban Deveitipment, a nionthiv charge Nor liar ,I a Ynortgage insurance Which >hdll be in an
<br />-1welfth -1141i f I i'ji P-Cl ceillUff! of the average omstandint! balance
<br />alootim etinal "", Line ( I � 12) (It one
<br />due on the note computed wiittout taking Into accoullt delinquencies oil plepaylliells;
<br />(b) A sum equal to the ground rents, if any. next due, plus the premiums that will next become due and pay4ble oil
<br />policies of fire and othrr hazard insurance covering the n-itritzilled property, Pius taxes and :assessments next due
<br />on the mortgaged property fall as estiowred ht' the less all surns aiready paid therefor divided by the
<br />mimbeir of mocitiths to elapse before Into month prior to the dale when suelit ground rents. premillais, taxes and
<br />assessments will become delinquent, such sums to be held by Mortgagee In trust to pay said ground rents, pre-
<br />miums. taxes and special assessments; and
<br />(c) All payments mentioned in the two preceding suhsectiom : ;it,, paragraph :Lnd all payments to be made under
<br />the oulc secured heitoby ,hall be added together, and the agjre_,arc arnOUT11 lllci+70fsball be paid by the Mortgagor
<br />each IT1011th in a single payment to be applied Ili; the Mortgagee to the foHowm 1;'Ins in Cie older set forth:
<br />(1) pre-Inluill :barges under the contract of insurance 'A Ill'. the SoL1jCIjr1,1 0 li011s!jIt! and UJroall DILVCl0PIIWIII,
<br />or monthly charge (lit Herr ofl)V;rtgagC i?lSUratICe i,rernill"I r. as ;51.." use niwv . ne
<br />ground 1 ots, taxes, assessments. !-lie and other liva;o mstirunee pieniturns:
<br />1111) interest on the note secured herchy. and
<br />(IV) amortization 11 the principal of said note.
<br />Any deficiency in tile. announi of ali I, sucli agLregaje njoijifilY il�,tynicn! shall, unless inadc good bi; .he Mort-
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<br />gagor prior to the due, date ill' Tit- next such paynle,.!. :i nsi:tIlit: ifi: it 110!aull under this illoll-'age. The
<br />Mortgagee may colle:t a "late charge-' nil-, to exceed 1-:i ( 4r) 'Wt eish dollar (S. t I,l each pavineril more
<br />than fifteen (15) Lou.% S It' arrears ti, curer the extra xncrac nvoived lit ln.ndhnt; delinquent payinei!is.
<br />3. That if the total of the IliqMents made 11% the 11ort-ga-,,or under (r: of paragraph 2 preceding shall exceed
<br />the amount of payment= actually made by ill(- Morigagee for ijound rents, taxv- and a- f,.ement_s or in- urancv pre-
<br />mium'.. a:s the clItse may lie, such ex( -Lis,,. If tile loin i. current, at tile option of the klorrgagor, shall 'Ile credited try
<br />the Mortgagee on subsequent paynieriv- to he made bN the M,PrtL,,;, .... r. or refunded to the Nloj;Lagor 11, loovov%er. the
<br />monthly payments made by the Mortgagor under , !,.I of paragraph 2 preceding shall not he sufficient to tray ground
<br />rent, taxes and assessmeril, or iro.suraniry premiums. i- the ca�v ugly be I%bvn the -urnc shall become due and pay-
<br />able, then the %lortgagor hilll pay lit (lit• Nlortgagee Lilly iiinutal, net Ltr% to nwke ill) dit, deficiency, o or before
<br />the date when payrneni of -uuh ground mni tam. or in-ur3ot-• pr,•Yniurus shall be due• If at any
<br />lime the Morigagor hall lender in the Nlorrgag,-e, in accorii iith the of the note .evured hereby.
<br />full payment of the entire indebtedness repro —ented thur,,h%. the Mortgagee Aioli. in computing the amount of =ouch
<br />indebtedness, credit to the account of the Mortgagor all Payments made under the provisions of of paragraph 2
<br />hereof is•hich the lilortgagee has not lit•corrit, obligated to pay to the Nwretary ill* Housing and I Than Development
<br />and any balance remaining, In the full(!- accumulated under the provision.- of f;;,, TO paragraph 2 hereof- If there
<br />go, re.�Illtjj)g in a public �:ile of the premi=es -mered
<br />-hall he a default under any of the pro%ision� of ilii�s rTI
<br />herell), or if the %IuFtgag(-v*avtjui.e- the proopert% oIlieo%i.t, after default -- the Mortgagee shall apply, at thi• time of
<br />.
<br />the commencement of .such prof or at :h I, nine the property is mherviise ao•qtfircd, tit(• balance then remain-
<br />ing in [h• funds accumulated under of p.lrrgrsph 2 pri-i (,din1_,. ;j- ;I credit ;I , Luin�i the amount of principal then
<br />remaining unpaid under -:IIIi note. md -hail propt,rl) adjo-z ;ink paiirieoil� .,hr it -11;ill !jJlt- hV44i Made t-;'.(lN
<br />of paragraph P.
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<br />t. That the %loFg,,Z0I Ili! % J,xMl ren!,. iixes_ a-c—menis. Li,Ier rates, and other cn.ernmenial or llun l ;J
<br />charges. line,, )I m-,osvii, nol Ilecrt 1.I�:L:i1Ihfor, oici ;i� ihe�cof the No-riv,;,eve ❑i;i
<br />pas the gait re and fial the Mor I i:wo: � v,;!; pT --il p! 1'. !ht- Of"i " 1'11 recut !. Inc re k f Ill: 'Ile
<br />%long.agor -,,, 111 Ill !;,NC, .1 �:T, Ii fl,; opon !lie %lofli_Zige, , inlele't ill 'a!j real Csiale ;Jild irovro%e-
<br />"tent, and which rlia%. be ,hut �nit I,, file cadent that such is not pro0ibil-
<br />ed bl; !au md cvl% t,, the extent lhel jjch aid not plAt: This !oml hol c\chwnne in% Income tax. State or FeJerai,
<br />miloo,ecti an kiortg: -,gee. :"I'l "Ol kleihe aril. ia! -,!Leipl Shan Ingsuch palrienl the %iorigiigee i`pon .iohitionof ihi,uridei-
<br />taking. orifthe Mortgagor 1, vrohil-l!eLl I'% art% I;— no , or h—'.1fi•l cm,ii'le ftool r a i !h,: '.,hoe (it : ,Fl\ portion of iheJ-te-
<br />,aid taxes. or upon the iendefin, to;;w. -.:urn Jt:,-rep prohirloing the j,;,Imen! I-\ the or .in% aIch lrixie%, of if such ilia
<br />or decree provides that am Inlouln iio bt the %1,, igaizor hiifl he - reined on the ttoogage tichi, the NlortgLgee ,hall haze
<br />the right to ),.liie ninciY JL-M %lilliv"! Po7i,e I., !!,.;: ,µnvr of 0ii. Lit riC!ni,e,, ;CLAOITIriv ille p;t,,rn ent w the mortgage
<br />debt, If,uch notice -Ile Li,cn thv ;�i d',; 'h'il; rie.-w1w duc. and .!! file C'P!Ialion of said llincl% (kii,
<br />6- That should ht II;! !r p;z .,•y tim j keep w.ti ;z,i pro,ljed f it,, thi•. Mor!pgc. illen the Mor!ppce. it! its op-
<br />lion. map pay rr perform [lie :!nd all nlfilt ni'I-fe h;il i,c :tided To the rrjmjpoi gout owing (ill the not
<br />,hall he secured hercht.. ;Ind hall the !v wl f,,!Ih in the :it(] mne. Initil pi'lli
<br />7. That he heiet,N assigns. Irandels and ,en o%ci I,, lilt Moiizigec. !o he applied r,,w.,rd lilt: cat men( of the note :,rod
<br />sums secured hcrcb% in case of a default in the perfornan e of :Ini of the term, wo conditions if This %loilgage III the said
<br />note. all the rents. rei,mic, and income I-, be derived from the mortgaged premises during such time a. the fflorig-ige ind"Hoed-
<br />roess shall remain unpaid: and the Mor;Lagee sh.ni has c puuer ill appoint any agefil or agents It llhly &SITC for the purpose of
<br />repairing said premise, and of rerning Cite same and Lkific, aing. revenues and ino)nw. ;rod it in ti oul of ::id In-
<br />come': all expenses of repairing, Said Ind Tie, e""! and •,J'en'e, inciltiod in Tolling ;trld the
<br />same and of e0fecting there frort: the :Ping, if :In\ In Ile ;tppjIekl the di,vlj:,rqe of said morn-nnre
<br />9. Thai he will keep the i itrok--mcnIN now existing o, hereafter erecter! on The mortgaged proriet-IN . insured :1, may he
<br />required from time 14' time by the %loytizavec aqatna los, by lit; and ether ha/;!r,[,, cii,,iialtics and comingencie, ir. soeh
<br />amounts and for such periods as map he required h ' \ the Mortgagee and , ill ra% p, ilitipti, . v licit duc. imi. 1)remiurn, ,it ki•_11
<br />insurance provision lilt payment if "hich has mot been made hereinbefore. -Nil in,unnice shall lie tarried in comp.mie, ;t;,-
<br />ptosed by the Mortgagee and the pokcies and terie%,.d, thereof sha31 be heY h\ the Motteatwe ;zfld h,,%,: e!Ijchvd th.c!clo it's,
<br />pavable clauses in favor of and in form ,:.cpt:Ne it, the Mon ' caget: 11, C.,Crt 'If III- Moi!gat `r ,ill cn v unmedialc ;,,)it,,: h,
<br />retail to the Mortgagee. %ho may make vroot of I,— if not MIT& nlmv�llk h, jiT d L.:"[! 1111tiliMce 01111ufl\ con
<br />corned is hcrch% authorized, and diTCL led n.lke p,v, ni':111 fit, -mii i—, th.-C, t;i, :o the '.I ITT'lead of To Ow Moilg:e"'I
<br />and the Mortgagee jot n! nd the rilnl 1,.o! rn.l,� it, "plit'll ClOOrr
<br />the e iirt-d or I,, 'he rt Ioi,ttwn 01 A rhe p.-oi'vl IN 0:5!nlocd, in cull
<br />to the lColuclom lit
<br />,ule of this Morlrzagc t,r othe, lron,lt., : t !:GI: ac nloilg igo,. Wc,� get 7+\
<br />a11 rJyhl ride and Inle'•'t "i Ott:
<br />to That as additional �.,7d for the "ii, mfnf "I 7i;', ribv& Irl'i Z:` fill,
<br />ill t
<br />yhc oofirttil.,ot.of here" he
<br />!irldcl f, in; -fir. *r.
<br />I it I h,
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<br />'u� h I- 'to" U%lI
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