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60- 103899
<br />j frionzi; 'Pilo: t;, its due date th imsai 1I;YIT_1,ice !I ' .Irder to provide, such 'Dolder
<br />with funds to 'Pay srich prefliolin Iothe secte! a i'�, if floitsirip and 1 loevelopmenz owsu art t to the
<br />National Housing, Act. as aniended, and appiwable 12_,11,0alions thcrellnder; in'
<br />(111) If and so long as said note of even date artd this instfurn-111, are held by the Secretary of dousing and
<br />Urban Development, a nionthly charge lint lieu elfa ntrwgage insuratice, premium) which shall be in an
<br />amount equal to cine•tweltill 41, 1 I
<br />-7) of one-half (tl2i o—_r cenzinn of the average outstanding balance
<br />due on the note corripuled! WII11,111I taking Into az'Cotin, in
<br />or prepayments;
<br />(b) A -aim equal to tile ground tcnis, it-
<br />I, any, next due, rAus the ineillillills iliac will nc.xiz become due o n nd pay bl
<br />a a e
<br />policies of fire and other hazard insurance covering tile ji- ' ortgj> od piopzrty. plus taxes and assessments next due
<br />on the mortgaged property (alt as awienarei by the 01 S..:MS 34e;tdy paid liietefrii divided by !Ile
<br />number of months to elapse before one month Prior -!I the whin , tF It round teats, premiums, taxes and
<br />assessments will become delinquent, such sums to be !laid by Nio, t Pagee In lillst to pay said ground rents, pre-
<br />miums, taxes and special assessments; and
<br />(c) Ail payments mentioned in the two preceding subsections o" arld ;Ot payments to he made under
<br />the mite secured hereby shill be added together - and ilie sr- iii be oand by [lie Mortgagor
<br />each month in a single payment to he applied bt tl t III TO OILCT t forth'
<br />premium charges under the contract (q* JMsiiraiic,: [,It the 11t)[IsIng and WvcL-,pnlent,
<br />of InOntillY charge (rill lieu if morfgage invuraiwc pr"Iniumi. I.,. lh�- Case Irlav be;
<br />ground rents, taxes. assessmen €s, fire and other hi7.an! lnNwdiic, p; C 11-all Ills,
<br />interest on the note secured hereby; and
<br />(IV) amortization of the principal of said note.
<br />Any deficiency tit the amount ov any such aitt• ",at, ,,.art sfiall, unless made Lood by the Mort-
<br />gagor prior to the (file ":lie of the next such ,Zi1IIICW, � . ,stint � Iciallit kirld-r this 1;;,)fl 'I'll C
<br />gage.
<br />Mortgagee tilay collect a -late Charge" not le exceed four rents i4,1) for each dollar (Si ) of each payment more
<br />than fifteen ( 15) days in arrears to :ovr the extra exPCrI.%'j inVi6et! in lh:iTldla10, delinquent payjjjOfjtS_
<br />3- 'that if till- Imal of the % meril , rntid(- tl� the Vort--.igor tint If 2 procedro., -hall exceed
<br />the -amount of Payment?- actually madr by the Nhortgagf,e For liround rent iaw- and 'asscs.,nwnts or insurance pre-
<br />miums, ;t,4 the va.�e MaY be. such C\cess, if the foLin is LuirQrti, if till- option of the Morigagor shall be credited by
<br />ill(, Mortgagee on ufo=vqueni joa3 joic-rit s to be made by the ".1ortga-gor. or refunded to the Mortgagor, If, hol%eser, the
<br />inonthk patiofrvnt= made by the ltlortgagoi- uniki- prc 'd!nQ -Jlal! nol be sufficient ill I a} ground
<br />rent, taxt- and iil_-:!�essments or premium. as tile, ca v flla% hi- :l'hvr- lhl� -ttrffv Ai-ill become . (lite and pay-
<br />able, then the Mortgagor shall pay to Ili(, Nlor(gcwlvv im% amount nvcfr4ary to make up the deficiency, on or before
<br />the date when payment of ;uch grotind rent_,, ;axe tiewzw;.mvnI- or msurancf- prcrrium.5 shall be due. If at an%
<br />time the Mortgagor AA tender to the `tIortj!,auP(1. in ;lccord.-,nl•v Kith! Ili(, of file cote -evurptj j1prebN',
<br />full pavinetit of the entire indebfedfii• ��- ep r,- I -owed :here!,.-, the %loriga-ree -h;fll, in computing the tornount of "
<br />such
<br />indebtedness, credit to the account if ilic Mortgagor paynitati, alade under the provisions of i a) of paragraph
<br />hereof which the %kjrtLr 4 1, fill- ��evfvlars -
<br />. agee ha= not become tibligaiva it) pay ) of (lousing end firhan I),vl•jE)pmen(
<br />and tur% balanct, remaining in the fund- tic, umuiroed undt•F the pro,,i-ion- of if par:1--raph 2 hereof. If Ibere
<br />mt�ion -
<br />-thall be a default under an% of the sin of dii, rn,wL-i,L!i, r,rillin'll to 1 Public -it, of life prvrnise.: cowered
<br />hereby, or if the Wrizagev acquires the propcn - i Iftf; ih-fau!I. !Ii, Morigaget -hall apply. at the time of
<br />the commencement
<br />Of -UCh proceeding -, or tit the iirno- fit(- prolwrti, o-quired. rho halanct, then rornain-
<br />ing in thl- fund- accumulated under I of i3j"ll ' ,i iPI7 ll i ..... .,mount of plincipai Own
<br />remaininLr unpaid unuer -aid note. and -Tall po)porl-.
<br />1s('Vrl FlMd(• UIRIVI
<br />of paragraph 2.
<br />4 that the %lorlgaqror ,,W Ila' gioijild rent, W, other of mumcipill
<br />ch-irge,. 6ne,, or irnpoNilion,. for 1 tell 01 io� wo In ;hcreot hc %'lot? �Ziieee may
<br />Po the :lrjie. -ind that the Nforiva�:or —H p—,vi'tk ;Ile otf":i'd ic,cipi, the MilrTpgee g
<br />The Morreago. %,111 pas ell ,chi: oc if, ",!d 1L, r,!atc 'Iff'! !fIlpf"ke-
<br />ment,,ind nia� he up0P:hi, ol liit,
<br />cd h,:! that "u,h, 1, n•l f1robir'll-
<br />ed hv lain and oill., To the C,,few Ilia: 'u,h %,J; !lof ma 1, o1com• 1,1%. "!:11C or
<br />[".)Posed on Morittat;ec, and K,;H file th• 'Ohlia! nv, Cl"ll h,;,, 1-nc I poll •1,,Lolon of i
<br />MI, III)OCI
<br />taking, tit tf the klotig.agor I, in p. I n IMCA��t '11 ["�l 17!e the ��I`OIC ill , 1;1t P01;jOn Of tile afore-
<br />said taxes ,
<br />, it � tworl the cndertntl of mvt ouit dectee prohit,iofl;_ t�i, h, ine or ant Uch lox,!" or it 'llcil 1�1,
<br />or dec I ev provide, rd . -, I na! ant xTioul't s,, [),old h% the Mortgagor , 1; 1,-l- ridl!cd :1 !h, 1 10fig.1lZC deh;. the viollil.1ge': ,h,dl hjn C
<br />the I igni to give nifjctt &;,. , ,,titter. jj,?j., lo the owner "! ific moi 1pultv'i 'C I CLAIII'Mg the pal, mem of the
<br />liCH It such 1`101CC be vitvn. file ;,id tfobl ,Ball het-4--me due rl,!y:!Ne arld the C t[)Imtion of 'aid nlnwtt dal
<br />'I hal she.uid he !,ill to pie am unit ill keel, not pn!vIdcli for In till, M,,r!iaize then the %Iorlg;kQce, :-! !I, o;
<br />tioll. lo a% p% or perh,i!o the and ad ekpi n,wure, o made <h;d! he the princtial sivn owing tin the ahoc •JOr'.
<br />'Wil be cc used herh\l lwere,l at the r.,!v set Ioj;h in the jILI Mile 1111111 IN111i
<br />tic hereby Irld "'.11 l", V! T., !If, :.tr,j Ific 1,.,t nicliT l'; rl�a^,c floo: .1;"f a011
<br />sums u a,c !Cf;iu;t to he i_•11,:i,tll;M,C „ 4 n to:,!, ondil 1,11), of 1111,
<br />Flow_ III the refit,, rc\ Critic, 40, ;nc ill be dcr,, -fi ••,til zhic fill no'. '1101 time �i, Ole Indebted
<br />ruiss hall rern;lIn HTIPH:j: find The Nloilpgvc h,fi! hj 1 1: P""Ik Cr o' of it nla% dc'Ire for the tic Purro'c of
<br />repairing said premises and or rentrino, the anlc and col 'iloi., ;tw -li, I - -loc, old in-o'lle. :l1ld it ma, pw, out of said in-
<br />comes all C\P"'e' "' f rerioriny sand preon,es ;,ntj nrces,ar,- i.oinnii-ion, :ind xpt.�n,e, in,:tirred in icifting and mnit Bing tire
<br />,.me and of collecting rvivak therefrom the tmINIce 1011aln'11Q, if :inv. !o t ;irnhed 14mard the dy<charjie of laud n"owgaiie
<br />indebledne,-,
<br />S. 'llhat he -AW keep the impr—ernerit, nol,k e"I'Ittiv. .r he!e;Olcr r!l,pclt\ inured ,, !i!,i, I-c
<br />reyruted fro :! I'Mc !o ilme h\ ifit: �,w, OICI hazmd,
<br />t.1'Pl1q'.WnL ICI M 1;jI 11
<br />Arookutilk and for Bach period, as iq;i% ie required the 'WN Pi"fmolzi, t'll . ;I, h
<br />insurance prok I'ton for pavritent of which has flirt IRcl, Made h: ! in,ur�vicv Oli!!4! �;,t ried w jf'
<br />proved )1y the klortiiigct: ond tile pots' le, l!t,1 0o; hasr Wa,hcd zheit•Tt, lo"
<br />P,,yllr,re ci,'WIPI in fawr of and in fol ill 'l, to :tic " li? cl, c wf,ke
<br />'11ali to the Morte"pile." oln"J". ni'ake Prl'of -f lo— 0 .!"! n,,,,I, tulip v"i .!!lot each It"tir:01c" t",I)IM11i
<br />he:Lt'N' :wk;- O;il , I"'i Ill ql;tkv nn111 Ol TK, %fo?ltruwvv ilts!e:0 of ill -Iie %forrcaj!...
<br />and Ifir Mooit%Izv,, jointl, ;,jjzj fit' till j,:, !T i't
<br />ol!otlL.!ticz 0;1110:1
<br />'tic or rt>w hI c, r;Al oi folcl-l"
<br />A till, iiorfitagi- - oif! lso,fj f I,, lh ,•, to xc - t,fon-f% 17
<br />t!ott this
<br />70 iflo: it lilt
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