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<br />86- 102144 1) n, ;;nth t I b, a t I „ I!. III ,
<br />- , ..It,•: t:-. ltr :,t iii ,. :ill Iit�l „r,
<br />wiUt funds o, u n ttnntmrn fa ,f ilt?usu g -mi i 1 n Development nursnanf t„ the
<br />National lfl u,nr .,: t i. :,r,tcnti,u...nu Regal r,z : , :hertunt r: -n
<br />(1I) 11 and so long as said note of "even dale and this instrument are held by the Secretary ul choosing and
<br />Urban Deve'uptttenl, a monthly charge Q TV a a nrorig,tge iasurant•c premrurnl which ,hail be in an
<br />amounl Nita' !o "IM "011111 1021 111 of cm bait (I. 2) per emaunt A the arc a,e muslanIng babrice.
<br />due on the We computed wtrl m taking mi , aetnunt delinquencies or +ttcpaynt its
<br />(b) A sure equal To the gmmnd rents, it any. next :foe. plus dtc la'eatiurns that will rtcxt heeunte due and payable u❑
<br />policies of lire and iHher hvanl insurance coverfnrt the inortnagcd prupe , plu, rases and assessments next due
<br />on be mortgaged propclty AN I cstitnuu•tl ii,r rite a'hwgwhcc) less A solos already' Raid Ihcrefor divided by the
<br />!!umber of months to elapse hefore one nu 1111i prior to tfte date \yhen such gtourtd tent,. pfemiums. taxes and
<br />assessments will bccorar delinquent, such sums to he heid In Mortgagee in trust r, pay said mound ;cuts. pre-
<br />miums. lazes anti special asscsvnenrs: and
<br />(c) All payments ntenlioned in the two pu'ceding subsections A Uus paragraph and all payntcnls to be nude under
<br />Me now secured here" shall tic added togethm and the aggregate amount Iheteuf shall be pant by the Mnrtgaror
<br />each month in if single payment to he applied by the Mortgagee to i11c litlinwiltg items In the order set forth:
<br />(I) plentfunt cl!; O Mder Ili contract ofut:ur.,nccwith these rutty „r Hou,I anti Urban IX-vclonntenl.
<br />or monthly' ha, e! ir;T'u :a,m ;rt ;'ucuraertficc ;rn n'!frn / „1 thecase aa} h,•
<br />I11) Rrmutd Wflti, taus. a ;t•cssrnrnu. !]rc and olf!tt h;vard inyuluocc 1, ;ivt1ntfl :s;
<br />interest on lilt' nnle secured htroby, and
<br />(IV) anutrti:aGon „( he prnctpal III sat,' note.
<br />Any deficiency in the ;;tr.,un! ,af ❑n, such nggrogatc rnnnthly' unless mach- .rood by [fie
<br />garor prior to Utc du: -! t' .,I !IIL next sue.il trp•nt t I.u, it use an c',eni of default ureter this nu•-tgage. 1 -he
<br />Morl "agce nt,y IHecf ate sh =oke" nut uI txc: u , tits (4t) i ut,h dollar (Sl I =Il each payment more
<br />!!tall f lftce:t (1 ,) ,i.,' , it ar c•a rs It, Oliver the extra , x( e!1w Involved in Ilan!'tins: doll nquent payrtrcnts,
<br />-L i-hat if the total ref the p:rymontm made by the Mortgage, 0ndor ;b' of p:ra„rtph L preceding shall exceed
<br />the amount of payments acivallc made he the Illortgagee for eround rents, taxes s :Ind I...e -men!= nr in= ur:mce pre-
<br />mium. a- the cusp mac be, much exccs.s. if the loan is current, at the opnon of [he Mortgagor, shall be credited by
<br />file Mortgagee on subsequent payment- to be made by The llortgarnr, or nofunded !t, the Ahtrigagor If. hovvover. (he
<br />Wired” payments made by be Mortgagor under 0) of Play mph , preceding shall nut be sufficient ro pay ground
<br />rent. hues and am essmont- or insurance premium-, as the case mar\ lie "here, the ; ;tree hull become dote and pay-
<br />able• then the tlort.gagor shall pa} u, (he �i all outrun t nets - -an in make up the dioNcienrv, on or hrfon.
<br />ihr• date when payment of such ,mart i rent.. ta\c - . a=- c- -mont� or in -uranc v pr:•miums shall he due. If :u ant
<br />lime the Mortgagor .hall lender to the Mor(gvv !n accordance With the pro\!nons of the now smony hereby.
<br />full payment of tit, entire indebledill epremented Lherchy, the \ltri gaged shall. in computing The ,mount of such
<br />indebtedness, credit to the account of the Mortgagor all payntrnts made under slat prucinions of Ti paragraph _'
<br />hereof which be Mortgagee ha- till( become oblil�aleti in pay in the :,ecretar� of Housing and 1 !Ilan Dcve(onmcnr
<br />and any balance whim ng in Me fund accumufated under The provisions orli „' of paragraph �' hereof_ If there
<br />hall be a default under am or the provision- of AN mormige resulting it, a Public sale of the premises c(vored
<br />hereh). or if the %rtgta.,ee acquire- Iho property olherilise after default, the Morigagee -hall apply, at the time• of
<br />file commnncemenl 01 much prose- dings, or at the lime the pruporh is oth, liaise at•quirt -d. the balance then renr,(in-
<br />inl! in rfu' fund= ac cumula(eei under r a( paritLraph :' prccedir!_t. as a credit a��ain�t flit, amount of principal Then
<br />remaining unpaid under -aid m,u•. and >jhali prupel'ly adjtr. -t ant 103Vatcnr r.hi1 h -hall Mace I)vclr made ter :dor
<br />of parmwh 2.
<br />-t. That flit, Mortg, till 1 I r:,on I ! tic r c tit, , .lee t.tte lid I Ihcr govtrr,menl II .r ❑nrnicif,ai
<br />ill :ugc, lyre,, ur nnpos!hon ' „r , li pct , , , n t ;a I_ .; t n u!t he c!nl'rfor :..+nu a ., f huts Owl -coo Itc
<br />pay the Into: ;utd that file ai h :i�, r , I' Ir ! prl i Iv Jt-: . l I r,:, ipt . nc�re ,,I to ;n, \t I •,,plc.
<br />,- file Mo,agor "171 h, I, felt t; on the till n :I::ce ills
<br />nc� I m a:d real estate and i.npro%e-
<br />ments. ,.lid which may he Wirt) W. !ill, , I . ,,, or the debt r, n!rd tier,,,, ri,r; mlti ill Lc win that ,uch is not MOW
<br />odera
<br />ed bt tau ;and only (n the c !tent Tat ,uch ,.!II not rtiakc tilt, !Ian u,uriur,,i Na e urudinr : n, income t;n, titate or redera!,
<br />unposed on Ntollragee, and \\ Ili file the olhccti receipt shoo ing Such pan meal •,,.Till the 4lortgagrd Upon \ luhnion ui this i nder-
<br />taking. ,,r if the Mortgagor I, piohi,,ned 1r, :art I;n, non or hetealier, :yistntk flung pad ing the vv hole of :tit% portion of the aILI
<br />said taye,. or upon flee I "endolin'.,i :wt ,'t anti ,le, rs! r, l'ehthlf tttg IhC: 1;1\rlrtflt i,1 fftl' \ltlri
<br />i ga.I )r or ••uch fa\c,. of it ,uch I:ta
<br />or deerre prevafe, (flat :u , n . ,;;r I „i h\ !h, 11, r or ,h II he crufited , n the n' . :Ig,, e de•ht. Ili \torlg:ICee shall have
<br />the right To gnc ninel, j;_ nttc I r taCC fo ;ht, r,nncr rf !f, not td p,rrnl
<br />c0ani lC tile ('ay ntCni of flit' nx,rigagc
<br />debt. If .uch notice t+c ^i,ell. file solo ut! t .h „I. f?c,rnn flu, , p,. :,.J It, and ,oil, c!ii,lc :d nc� r,l ira!ion of s,ud ninon den •,
<br />6 [hill •,hould he f. it t n; t ri,, m , keep at t>r.. tiro, is or an , 11 I " : :,
<br />r I, I L, t ltq t }IC hf,.rL!4i�cY. .:! li, ep-
<br />hon. tit c) nay of perform tit aunt: r ., ! , �., doll ,I I I,,.f, .hail he Idded ie file principal ,um o mg t,It Ihr ad,ove note.
<br />,)tall he secturd berchv a ! h ri f u I it ric I t !hr I(dC off ,f III in the ,.cid pule nul p:1 i,i
<br />7haf he herein e „I , rr.rr lc , and ci , "t I to life \f Itc qx, . h, he apply I!I„ar l Iho pavnt'et of Iliv noi, and .III
<br />stun, toured herehv in L:aw vl de I I in ille perTonmuue „I n, d file !con, nw :ondn , n, of Ihr, Motiga,e of file ,aid
<br />note, all file lent,.re:enuc, ; id Ins I, t„ r, , +crr,rd itt,nt firs prJ I r n i -c, o! il!ne II h rrne ,h elorti ICe nukbte•d-
<br />ness shall remain lulu f, ,end the \t, a gagoe I.Ill fc!,e pours I n, , ,+int or} ! „rnt t ,rl , it aj.j, donfc i,,t the f, -p of
<br />repairing said premise, and of renting flit ,amt a rnI eolle.un�' Ihr rrnl,, ri\cl :ur, and r, ;,n!nc. and II n ,:y l,a out of ti ,:!id ,
<br />corrtes all expense, of rep Iirrrt • 'aid i tutu, :c, and met ;u } c,., urn „I,ut, and ex,^trn.e' ir::!n red ire !Cwint. , ^ti rr.uw in,; !ht,
<br />same and of culleeling renf,u, the :Jt „cI. the ',atones few rang. It .atv . to he at,ph,'d 1,1 ,1 ad Ill,' dll, ;1a, et, oT ,,lid nn ilcagr
<br />indebtedness.
<br />A. "I`ha! he will keep the impn t .rncnl. n!nc - islin! n' her after etecicd on !ht, rn !eaecd pny,rrn, insured as tit; :y he
<br />required front time ill himv ht tit.. bl.rtcaelu :Igainst It„s by IOU and Irthcl h, :r.nlls- ra,u:Jur, Ind ,onune:Crtiic, tft •:u_h
<br />amounh and fur sueh periods a, ni rc hr requned hi Ili• Burt ,•c .end !\III pa) prompt!, . „hen our. In, 1•rrnriuln, on ,nth
<br />insurance provi,ion flit pat lnenl "', whrch ba” rrof been Made' frcrcinhefore \11 nt,urantce •.hall he tallied in companic, .11,
<br />proved by the Mor({ we• and , pd,,, u i sons„ ail OM 04 AM he hod ht :h; \iII, l,la ;< r ,sits! h.,, c .I, I.I, hru th :a, lo In„
<br />Payable clauses frt fa,or of .old in f Ifu ..c erpf able r,: the \tell tftapxc. h, r.erl of I,.,, \loll .t t , I!I c era ntr,i i ;d, noire !
<br />moil to the Mottiea{tce, oho mat tt Ike in nA d lo,, a n,,t :node :toil ,II•. !., liar e:: : 1• uI,
<br />cccncd i, hrrchv udbo, I , t f' I � u: r;lrr , mh.nn ,,•n
<br />t Vie ;lid Uri i, ,. a Ue !V ant �ii uI ,Ili, 111. dlr � la, Ir. ill I ,I'( l , nl,, Ili :,I Io is e AI ,IJ ap,rt
<br />and the Morigafltr jwldif. d Ili, !.” I : 1, f,;lrt !I , of n rr I,% 0
<br />To flit! t•dflownifihrunlcl+ h., , „. I d-1I tl 'vi 1, If,on.wcd In'
<br />,ure o f Ibis wori} tl • Iq c h t -,' r I Irrl, !h'. n., t
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<br />ol. !'rtif,t. ugh: ,list fill, :r.t t I yL, t t nI ono 1, :n nr ! n,. a I,. i r �,v I � ftlC nI
<br />n I,,
<br />`f. 1 "hat as t !alto +n :ri 1 ..LIt �r,.,In +t lo: I t:'II If 11"" u, L .i nl tl •J
<br />(wri ake. the \l Fy :IS'ot h rh. IW
<br />l.• h \t, :lr
<br />'.Iorly ,y tit fen, b. 1 J,,
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<br />hu. ,tit t l n! I.I. III.. -,I I. I,.it , 01. : ,ow
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