|
103660 f 1 ) 11wg1th prior , If$ dine date the ilru r > ;Ka >P to ur tit f ,s, r.s, : 1st ordee to f?rnvide said= h:slcier
<br />with funds to pay such 'prer"Win,to file secretary of Housing and f rilar mepursuant to the
<br />National Mousing Aet as amended; and applwaKe Regulatlns thereunderor
<br />(Ii) if and so tons as said note of even date and this lnstruinent are befit by the Secretary of Housing and
<br />Urban Detreiopmertt, a Monthly chaartw fin heu of'a rmorrgirer iusu",. preinfuarw which shalt be in an
<br />amount =equal to cle- twelfth (1113) of ones -half 01''l ;T- xnturr of ohe average outstanding balance
<br />due On the note Imputed without taking into Flo :?duel lehnquenc es or prepayments;
<br />(b) A sum equal to 6ltc Bound �enu,, if an3, nsrt Seas, DfuS the r Pnvu ns ti:at will next hecgme due and payable tin
<br />policies of firs and "atlter laxzacd €rssut3rt4e`voYes)ng ills s,or.Fayed plup fir v • plus taxes and asses=;tnetlts next due
<br />on the mortplted pielperty (dl as Cstituffed fill the Ill rwnS atread) paid Therefor divided by the
<br />nuillilm vfmonths to elapse Wore bile nifntf: i1n,-,r t,. ;h,::iacc t, hear su•0i ground rents, preoutains. Taxes and
<br />atuiesatnents will become delinquent, such sums 10 fie held try Wrlgmee sit trust to pay said ground rents, pre-
<br />uttums, taxes and special aswssrtients. and
<br />(c) All payments rncnlicined in the two preceding suhacctioms of 'his var Atraph ant; all payrneritx ht Iv made under
<br />the note secured heichv shall !e added fill
<br />pether. anti the at ;: ,•, ur" :,r :: :t;;u: hr , alc'. ha the ttairtgatur
<br />earh month in a sdngle payment to be applied by the m •rfeak s :„ I!Ifx iucin,, ,e fie order Tel lorih
<br />(I) prelafuin charges under *,he tn,cract ` htsnrer < ,:h !i k, rea„ ff,,u :rig and I ;hats fk-sr!a,i3rncrv,
<br />or monthiv charge tin lieu r)f nwrtgage tnsuru�f iuc •atraerri i, as the t:3sr 111 ; hc•
<br />(11) gruund rents, taxes tirt and jilic hal,asd t_ctue'lil :s;
<br />!111) interest on the flute secumcd hereby, and
<br />(IV) amortization of the principal of said nnrc
<br />Any deficiency in tile. amount of any such spiltrr. a:, , t sell:'. a,all un:ess made grlsd by the Mort -
<br />Pgol prior to the due Gate oT the nett <ticli •ri JI!AUa nods this ,nurtgage. The
<br />Mortgagee may iollect a •'laie charge* now v, exc. -ed fr„ar _tints ! t fa,r ca_f ilar ('Sf t c.i each payment more
<br />than tit�een {1St cloys it anears ra cover the extra expense lov "!'c ,I tt;tn,'it iciinquenl payments_
<br />., lilal if the total of the n,ymrnt; madc by fill, M1fon ,evr.r tifid,•r ;` i• rrnf•rlph prev elfin", -hull exceed
<br />the wwwnt of payments tictualf•, m:adt• bl {lie il.,rti,arrr^r• for -rrennd rent t.rxe- anti J!Wmen1- ;,t tn�,arance pre -
<br />rniums, as the vase mall he. -uch excess, if file Leon i� t-urrcii, it ilic „ pr.trci c,i ncc Mortgagor. shall be credited by
<br />the %lortgegee on Subsequent payatent:- iu he rnxdt tic the .lortganor, iu !,- hind,rd u) the tlortLagor. !f. hntsacer, the
<br />nonthly pavmarnf. :< Made by the Wrrig,Agor untie, of a<tr.Y ,ph I'tr ,ti n,; •,`,.iii iittt he uffi.ient et, pa} frrxtnd
<br />rent, taxes and a "es ment,,�; or in- uranev premium. :1 :, the Ca,-#, mat h,• Owit ihr -•ame -.hall become due and pay-
<br />We, then the 11+mgaeor .'•hall pas Ill, the Mortgagee am xmaunt nov.sary tt: makv up the de(iclenvN, nn or before
<br />the dau• when payment of such gmund n•nt;, to >e=• are- e>sment- or lit- urance frrearium� t hall be dais if at am
<br />tithe rile k1ortgugor .^'itatll tender ill the tlorttr ^agrF,, in :u•crtriert<•„ teith fill, prvti,ron, of the vole - ecured hereb%'.
<br />41111 payment of the entire indrblefint - -, r. frtr•;erntrrp tffc.r; t•; . fill, lnrtl a• c•:! - ha.li_ in Computing the :amount of much
<br />�ndehrcdness, credit to the account of the Mortpgim .iii payments m,adc foxier the pro,isjoilis of ',j, of paragraph
<br />tereof which the Mortgagee ha.- not b<•comr ,hhauted w pas a,r tilt' ` ecretary of tlou.ine .nd Urban f)cyclt,♦unent
<br />urd iffy balance remaininft in the fund, aacuntul;alr•d ondr•r the prr,sl -ton- of if l,aia raph ! ha-reef. If there
<br />;hill[ be a default under ar;} of till, pruara :n* •t thi•• m irra!i+ e rC-ultintf in :a puhlir .:ail• of title premi,e- r•ny:•red
<br />terPln, or if the slortgager• acrruire� the propt-t -ti, nlhCrt +i•.r• :ffte( def;aulf. tilt - -hall uppls. at the time of
<br />he eornmenca,,ment of =ucll prna-eednl;i if el !1?, time Eha• prulperls i- other,%, >,• acquired, the balanCO iht•o remain-
<br />n@ in Ilse fand> act umulated under of paiacr;iph prt,, r -dine a- ;, I r^•ilit _IV,an -1 the +mnur.l if urincipal the«
<br />emaGninc unpaid under -aid noty% and -.hall pit,q) -rlt stiller am p,itmrnc- .visit I? _ha l 6:ate i'vi'a made• under . .
<br />If paria;;raph -_i,
<br />4 Thar the tit rrgat silt 1,;!, unit cot, s. c ,thet ,;n,ern.rlientai or mum +,pat
<br />harges fine,.. or i.ap,' rti ,n, ,n ,,+ „h , r ,+i ,„s h;,, :,,it . ct n ills. t, ,r.., + -I, del :till there,.,! `he tortgagee mat
<br />rat the Sallie. i;nd then The `,tor tea Vi'l •, tit pfnn!ptl, (4Cjj, i ^- viii' OfhaiFit rC :C,pi, ibC•' .,Y:itC .'vi sit rk'af;Ce
<br />3hr 'tlaxigsgrt will put al! t<,tr, ,anp:h :,t,e, t, !c,fe,r unor^ ihr `,I... agcc ,•mte;;,i in card real estate .in,! rnpio,c-
<br />seni,. and whr,h mat be ictrcd upon the, -unnr;aae _ deb, 'W—v`, :hsil ,.nil ik the c yield tit,! sash i, n „i piohib,t-
<br />d by 4tw and oral} :t, the c,fen ::hat ,u.it udl net tit. :i,. till, ,.,n a r.,i,.,, auI ,g :;n, mtantr ty, "ate . f F edcral .
<br />nuoNed on 4k,rtga,gee and will hie the •dine, l tece:pf ,h , mg w.th p,. ^,rr - fh the Nlo-lisget i fun ou fart „n „t unttef-
<br />aking.,ii d the Motigagor is nr„hrMred r, .,n% ista tit,” ;)r herc"14f r,,.trnx Iron pa} rng the ,thole ,I alit pnfti(m a,f the afttre-
<br />aid taxe” or upon the rendering a'f an r t.nirl 01C fee prohlNimi; tine ac•n; h, ;ht 31.••,; tt,u .,r ant 1W It cases. tit If such talc
<br />,r decree rrutide, .hat am, amount so paid by the Aduttgagor •.h.t•l tic „eluted of, ihC ^ :,,np,;r e <feht the ]li,rtgaese ,h,; l h.a,e
<br />he right 14) 12f+'c ninef% dal, urwen nonce w the < +w -tie: :)I the rflwiv.,;:e,t j r,,Tm,c,- reyurnng life payment !•f -tile inwif,agr
<br />cht If such soiree he gi,en the said dchl snail f ectmst due. ( t flit t :,t;c• -u le ,t Inc e,,^.it,itwil tit -aid rune:: J,,,,
<br />6 That should he fail to ,*lay arts sum it keep an% e•n ,via prrtidrd .r +.r !n this kIortg,,gc •hrn the m::rtg „gee .,i it, „F
<br />'on, rasa fatty or perform the same. aod .,li etpendtturc•, m,cdc ,hat! he mi,ted i„ the pr.,),ii,;! ,tin• nurRg .m the .ir,o c ocac
<br />hall he v_eured hcfehs Ind shall `,car iptcre,! at the rate set forth in the +aid Flute, until limit
<br />than he herebt ,t „ipn, tra;ntc , ..,rid ri to :he %IvtI aLee I” ht .,ppiit r,,u,od rhr p.,y mint I:1 t'ie Twit :,nd all
<br />urns secured hercht set ,.,s, vf , ., detain, in '.Ifc ; ^t :rt,tr r.,nnct •, 11:, .;? rhr !r: u: end , mPlion, ,d !hi, %4untage •• rhr -alt
<br />OW all the rents. revenue, an,t u,a,)nrt tt, hr deri,ed frian rhr ^sarlg.,gec parmi,e, Jwlil: ,u,h Time a, Ili,: mofigegt inuemed
<br />essshafl remain unpaid, arse; the 1.1,,rik giii: h41+ hake pererr :0 -pp„"rit anti .iaen; , ,aVnI, •! mat dr,ue for the purwlo,e „f
<br />CtJairing Card- ttremt.es and if rennng tilt' +ar.c and -odcClIng the rcrtf, rc', Cntle, .:n } nzn91t. :tnkI if runs p;t, I, „f said in-
<br />omes all expen.e of repairing wki premise, and necessars c-om nis:.fons and eypen,e, incurred in renting and managing the
<br />&lice and of tollmlrng rentats lberr(rom the hattance tenlarning, if any. r„ hr appited ! „tc.lyd the discharge of sand mortgage
<br />rideNedrlets
<br />S. [hat he will keep the trnpro,•ements flaw c(i,trfn or hereafter eve red , n the na,•fimage,l po,tterty. m,ltred a, ma, he
<br />egtlfred from Time to time ht the xi„rti,cgee :,gimi,r ;n., 4, ,-,c in,. hr, t :a!;n .1, ,. !'tr, "Id „n'in ^tine ,c•, in .fail
<br />mertrnrs slid f x stnfi periexis as may t,e rafuired by the Nlorig,jgee wi ,,,i flee;, "tic” „tic .in, , it^nnert,
<br />t"llelce p,roviritsn f.0 riavrnrnt of whkh has not :leer, prod- heretnhc`,•r, fit lost j
<br />r an r -h.:, ,e ,arnrd .n
<br />rcisej fs) the m i;Signtittc And tilt taetiea:te +:aria! renewal, !h,:rtni st,,,! ,. .o d ht the \t _stager .flit h:ne .,tt.k kr,l rFtrcf ,'a„
<br />al,ahlz louse, in lac -t.r of ancf ill ft.rm a cl :r f tt :_ !hr 'tf,,ra ,sac n : t,i , , ,, ti rr'
<br />g `: t � ,l;ui a01 :;i•r a to t ' -ntt' ,Hal ht
<br />]Ail to The Mott t— nth) misy male nra,tr! it Ins, if n<v tirade polo: prlr I,% %forfg._l,, r ,:flit eac h insurant- : uTS nl,nv uv,
<br />rtftd lit herehy, axit#ion +td F41d tiikte tell tc? to "ke (+.,, n,en, r,,r >uch N t.• rh? 111 r,g;atree instead of rn rhr ltorie;,ror
<br />ndtheSt +ragaftcezvnt}+.vetdtl tncair,n,ep tit t, :t it .f •t,rWt ig.,gco 1 ,t, ,•,, -n, -W'wr
<br />.titleredlfAwirrofthe nde!`ftelinr,• tie-- h, +ecored „ft<, the rrawfi,if r,,rrrepair r r,;, 1iinavvo lee,eni,• rote, In
<br />trte ,4 this €tuirtpVtu other man<fer I,; rule t . ?ha• •a „rtgake,r pr„frrf, i. , , innii,t :�•t t i„t hrrebe
<br />fi. •:w•!i Y: iC •fists. - .:fee: ..•r ihi: vl,... -Na. .^, ,S li;l e, ..: (`, Ill, i`.7., r1.,.'•i. I•i 1!I 'f ,
<br />'-' t , ” it __rid v,,f V"', +:, fo, Ili, .
<br />„ ...
<br />. . . .ulna n o pe .6rcue v f ad4 a!„•
<br />t,r:lt,li Oil, ti .e'g,.. e.n. ,fli cl
<br />of 'cr 4c
<br />_.3 � - f „.. <• . :, „O , ,, ,.. ., _ si � t, tt .. ,,, .,
<br />"f.,ic- nit. .,c. n.+, I
<br />a ..s a. tis ,.. .,, c Iit +!' ':,it -.t +i i. ,. ,.. ,•'I , , k: i•,. , lisp: 'aie
<br />.,. M. W ,�. ,. - - .. � .1.. • `it's Fe.
<br />
|