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i t t nn,n,.., I—— o. "' ,fix '. c ,,.c .a.,,v ...... c. FFs . „ "',,.. •.,.. , , ..,-. ... i,,., . ,_ .............
<br />�O� VO will) funds to pay such per•mrum to the Sckivtarx •,f H,,using and i'rban tkveloprnent pursuant to the
<br />r
<br />. NatIOVIA tiousirig A,t a, ametfded. air,! apph,al -le' KegoijiitNia Ihetelandt r, or
<br />(I1f If and sit hing as strd note of even date and tins instnrnem are held by the Secretary of ilousulg anti
<br />Urban Re llclopment. a monthly charpc Neer ficu of a fnnrtggre nnuranre prenriuml which shall tic In in
<br />amount equal to nnc-lwelhh ( 1 -12) of erne -hall (112) per centu n of the average outstanding balance
<br />flue on the note computed without taking into account dehnquentaes or prepayments,
<br />(h) A sum equal to the ground rents, if any. next due. plus the lireniautns that will ncxl become due and payable till
<br />puhucs n( rife enJ other hacatd Insutancc covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property !,Jif as esitntarrf! hr the .'Ift,rr",ageet less all sums already paid therefor divided by the
<br />number of months to elapse before one morfth prior to the dale when such ground rents. prentru ns, taxes and
<br />assessments will 'become Jelinquent, match sunii to he held by Mortgagee In trust to pay saga ground rents, pre-
<br />miums. taxes and special assessrnrrsts and
<br />(s:) All payments nientioned 4,r the Iwo preceding subsections set Ott% p ataetaph and all payments to be made under
<br />the note sccure:i hereby ,hall he added tao�rther, and the aggrrgatc :,n,. mi iliercot shall be paid by the M oitgagor
<br />each allonth to -, single pa\nae'nt to he applied b, the Moltgagc•e he t,dlow!nit items in the .ardor sell forth
<br />Ill n!erTnuin charges under 'he ,,1111130 tit In,uran.e with rite site, Treaty_ of Housing and ['Iran i tw1opnicnl.
<br />of monthly ,hate, tin ilea .,f rnorttaxe rnwranr r tnrmnwrl. a, the ,.sec n :ati' ht.
<br />ills .r, and tents. tax, assctunems. sire and t•lhel ha�ald In"'TaM ,premm�us
<br />tlli) intrust on the noic ecuted heiehv and
<br />(lv) amortayalroll :,1 the pnn,ipal 4,l said mote.
<br />Any deticteth,V in etc amount .d any such aWregAte m,n,thir pasment shall unless inadc good hie the Mort
<br />gigot pour to file due date " :he next su.h 1•a,n¢ ^,t , allutc ate earn! d Actaull under Uses niurigage. The
<br />Mortgagee :nay L0110111 a ••la•c tafge'• n „t It, rx el. d t •r. .tents ( 1,01 i .1111 dollar (al l of each pa'nnent mule
<br />than hltren ( 15 1 il:r s rr aneac, to tuver die extra exlnnse Involve, ill havalrng delinquent payments
<br />3 That if the 14,1111 of the pavme•nl, made h) the Mlorigagot under - t : of paragraph '21 pn•redinit -hall extced
<br />the amount of pasment: ae tuapty ",3414• h, the M1ort¢aRee fur trmund rent taxi- and a--e- -ment= 4,r in- ur:mte' pre -
<br />Mfum -, a_= the f a -4• may be. -ugh rx, t•tis if the loan I,, c•urrcni. at the upuant of the. Mortgagor. %hill be credited he
<br />the Mortgagee tin - uh= equent p :eymeni- 1,. be made b\ the Mlortgagtir. or refunded to the Mortgagor If, however, the
<br />monthly payment.- Mack to the Mortgagor under i , of Ivaragraph : preceding shall nut he cufficrent to pay ground
<br />rent, taxe- and a-- es.ment- All fa- uranve premium-.:a- the ta,e ma\ be. when ibe -ante ,hail become due and pa\
<br />able then the Mortgagor Shull pay to Ot. Mtortgagel. an\ amount nrte--an to make up the (Jeff( ients ,tin or hefon•
<br />the date when payment of -ueh ground mnt -, tax(, as -v- ment- or ln- uranvo premium- -hall Ili- duo If at any
<br />time the 4ortaalgor -hall tender to the Mortgagee. in arenrdanre with the prove -mrs- of the note - et uretl hereby,
<br />full payment of the entire indebted ".• ri`pre- entx•d ihereb,, the :6ortgdf4'e -hall, in tomputintt the amount of •such
<br />indebtedness., credit to the .xtt,ow set the M,,tlgaxor Al pasment,. Maine under the provl,,uan-, of . 4,l parakrafili _'
<br />hereof which the MortgaPOe ha- not 1>t'enrir ohli�ated to pa\ In the r•ere•tan of flou -ant; and I rhan I)t %clopmunl
<br />and anv ha!ante remaininL fir the fund- act umulated under the pro%t- inn - of ! ' of paragraph 2 hereof. If there
<br />-hall he a default under any of the• giro,! -ion - ., Ilia- mortgage resulting, in a public -ale• of the prrnn -e- , n\rrrd
<br />herein, 4,r if the Morteaie, ar till fir•- thi- prop.•fh otherwi -e after default, the Mortgagee -hall apph_ al the time of
<br />the rummenremenr of -uth proterdtng -. it al the rime the proprrl\ t- otlter\,t -r ,u fluered, t)te balance then remain
<br />trig tit the fund- atcumulate,d under of paragraph 2 prei edin_,, a- a fret it al::un -( Ihr amount of principal dr•n
<br />remaining unpaid under -,fill nwv..and -hail properly adpu -I am pasment- t,hi,h -hall hag• het•" made uadrr
<br />of paragraph
<br />4 ihal the Motigago, ,Ii! p.,t et :•rind = nt, 1 —c, .,,r„uoc•nn w.dcf l,rtrl..urtj :,!her goverrortcnral or mumstpal -
<br />h «rge,. fine,. or unpo,tpon, !01 tsrn,h I,i.,,,sna, ,._, not beer ,a.ule nrrctot'cti :re. anal ,n delauil thereof the \tortg.tgcc n+at
<br />pas the "iff ". i:td that Inn• \tuttyago, ail +ph`mpilt debtor the .tfi,iol li, rlpl, Ihciclor It, the Mortgagee The Mortgagor .t;l! t`.,t . , ,.,,t • .shish ma, tc Riled upon thr'1,gt}., }arc nlarc,t set said real :,t.iIc .of,! unpr,-,e
<br />menl,.:nd which mat he'•r,le•t! opt:, inn, rmvtga>'r •.r the def•I ,corrc,t :vtvf N ihu( onit t,, rile rticni Thal ,ueh 1, our Imohiho
<br />ed by IL,t and ooh I„ rht tttent 1hal su.h will nut make• rho !ban u,unon,r. hilt c \sholrng till rn :omc lax. 1,r.1te or federal
<br />imp,,,edonMortgagee arrd ,It+lctht' shilling ,u.hp.,mootwill) the Mnrigagcc l Poll .rulanonM thi, under
<br />taking. o, If the Morig.,g -i : n hs n, 1--is in,u o hc!ratci (,t,ling -
<br />from p.,ung Ili,: whole or any portion of till. .dory.
<br />,aid talc• or upon the rrndcnng „I ant .,,;4,l ,It, roc pnohahtrng the pay r,c,tr r`t !hl. ttorigagor it .tin such tayc, or It dish : iw
<br />of decree pro „de, that .ant .i- llourti ,o r:ud ,,v the 'Nortia.tior shalt i c• ,rcdticd on [hr morlgegc tict•t the Mortgagee ,h.ili ha%c
<br />the right Ice gNc ranch tat, wnttcn nolr,t I,. the +•woe! ,•t the ,nt,ugagcd prcmi,r, ,equtnng the p;,sntrnt of the' fir. :rl!legc
<br />deM If such ruitisr he gi,cn the ,.ad debt ,hail heeome die pataMc .,mt ,,,Nc, tai le 111 the,-xpir.own o! ,aid mach do,,
<br />If lhal should he fm fo pa, in\ sort or keep .ant , , ,c -n:,l I pro•t,jcd I„r in lhi, \ha,gage then the xIoirgagrc if if, o;
<br />Iron may pay .,r perform the saint t• and „' , xi�cnolrurc, „ rtic ,ha': !,r .,ddeti ”' tilt• pr 4,I tpai sum 4,,t sng on thr abut c 1"'It
<br />N114111 hl.• soured hcrchs and ,hall hl.'.,( rnter,,r .!! the r,,te set'!orth in the said note until paid
<br />! full tic hereht :,,,tgm ,tan,!rr. _no -e!, , cI h the Mortgage:. !,• hr , plflwd tow.rrd the pat, rricni of file noic .end .ill
<br />m, srcurcil herrhv m roc ,,, . ,icl rat: in the tc r„rn :,i,tr „ .,fit .•f the ;Inn, anti ..,ndmun, ,`i flits Mortgage of [fit ,arts
<br />note. all the tents. retenue, and in,otne 'o he den%ed'rom Ihr rm,rtgagrd prrmtscs daring such umr a, the mortgage Indchted
<br />fie„ ,hall remain unpaid and IN xtorrg,tr rr •halt h,oc rawer I. .ippoint eat .,gcnl of agelli, it mas de,ue for the purptisr :x
<br />rr.parrng ,4,d premise, and 1,1 1CM1119 !i,c ,.line and vollcanrg !hl. !cnls re,cnuc, .,nit n.,oniv .Ind tr may p.o out M ,,,td rn
<br />come, all expense, of repairing "od prcnra,r, .end note „art ,otn!nls lon, .send expense, attuned In renting and ntanavoly, Ibr
<br />time and of :Ale,ling ecolai, Ihcrrtrm (lie halanie rcrtatnu+g, if any. t., ke .ipplicd iow..rd the ,!i,kh.oge o! ,.oil mortgage
<br />Indebledne,s
<br />S. That he will keep the ,mt'r. "ernoo, now cii,ting ,, herr.,lte•r efc•,ted on the mortgaged properly inured .,, ni.tt f,c
<br />reyuued from lime 1,, tune h\ the xio,igag<e ag.,tny ios, h•, life .,rid •.ther har.frd, ,a,tiaitic•, .oni „•iiunic•nttr, in ,4,,11
<br />amount, and fns ,uth I,cnodt e, irat he 1c•quotJ ht the \torirmice end all I,.n pioniplh a hen dtw .env cntnm nt, .:r, ,u, h
<br />Insurance provrvutn for pavmenl .,f ' -AhOl has not hcen m.,de hcrrfnN -tore 111 )n,ut.,ntc ,hall Inc ,.tined it „nnp.rnlc, :,,
<br />proved ht the Mortgagee -,nd ther p,heres and renewal, thereof shall he held If,% the Mortg.wcc .,fill h.nc .il:.hcd thrrct, !,•,,
<br />pavahte'lauxz, fir fatol of .,rid ,n fort„, i,eepiahte Io the M,•ttgagcc Intent of I,•,, \tor7gaguf w ill ; ov rmn,cdi,n: n,•r,t r't
<br />mad it, the %lortlra}tre till„ ma, rn.tkr proof .,I lo„ it It'll nl.,dc prnmptty ht Morlgag"I .,fill rash of"o.oa,r .r,mra,r. ,. 1'
<br />,:trntd t1 berth, author red r,nd title, led h• make p.a\mctit for ,if, If 'o„ dire, 11e 1,. the Mortgagee li,lvad „I I,• the Nit irlg,tui,t OW
<br />)IM the Mortgagee t sally .tn.. rti-C on,tiran,c p cud, ,•f amt pal there,,! neat IV npphtd fit Ihr \lorlgagct' el u, opll "It ,1111: t
<br />ie the rediftnon of the inochletItir , twref ,e, wttl or It' thi: ir- trar,.n if ,tpan A ,hr pt, lirf,, J.,fn"p :'l 111 r `ant,`( I,,,,, i.'
<br />')rte t'( INN m„rigAtr; "t 11W, Itan,icr ,f n,ir to 'he t ftf•,y1`d p /nprfit lit atiinvio h ntfir rl flit ,n,ichlt•dilt, If l re,t
<br />all right. ttnr Arid rnierco n! the M ufk,tgof u, and I" ant rn ur.lntr ri ,lt,,, • ht n e„ , v 1,. ", tt, It,t t•.I"
<br />4 (hat a, .wiiii,onai tnd , t Pm, l Ct 1.1!)11 t.` lie ; ..t itsfit ,,I ill, _f, I— r t ,r,,j ,, .,, „ 't• I,t
<br />ni.n,naie' the M :nflrak,•r hest" . >,rru• ,.. Ihr xl, •,tgaicr .a!1 •,r.dtl• ^r :. t Wit: , •tKhl, ,',n.1 I„,,`, fit .., not
<br />xteYta+f t d . ,r < t .' ,„ ,rid k . c .r . ,,t,I pref”, 40 a„ "i.. ., .r 1. rt•c r ,. ,.i .
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<br />�Ad'r.., .Y' .n, 't , +. J4,, 4,::d ( „d it ,-t. ,.., , ,i.. a. �e', •, •,. . ,,
<br />. . ,,,k ..W -. t `.r „hl... !!t..,>r
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