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10430.?
<br />(i) nxxi!h iarik,r To its due date the snmuai to . ircusar i r,triiu<r ,,, ceder to�Mv'tde such hLi!dcl
<br />Willi lire tis to in us3i parr =mum o )al, Se -CUP fitlijit ititi iicd r:rt.an I LIT. asst trrihc
<br />National Mills rig OI as arneiide t, and appit, .. ?. r?e t.,I its °as till teimd r; or
<br />(11) If and so III as said note of ruen data; and tl.is iissirunrent tic :odd by theSeeretaty of Housing alto
<br />Urban Development. a monthly charge rirr iicti of a in : igage faur7ur,�r premium, which snail he in sin
<br />amount equal lo one-twelfth (I One,hall, (Ir"i Per enium of sire average outsts,ndint: balance
<br />due on the note computed will! Taking inn) a °c ounf delinquencies .,r plop: ynients-
<br />(b) A sum equal in Cite ground rents, if any, next duo plus Zile pr !mums Ilia! will next beeoaae due ;Ind payable on
<br />policies of fire and other hazard ansdrairce covering the morteaged pror>crty, plus taxes anu ansesments next due
<br />on the mortgaged property (all as stifirdlel hY :he 1; ;rTejhr .' leas all sums already paid :here,:) divided by (lie
<br />number, of months to elapse before one monih -prior Ill the date when such ground rents; premiurns, Taxes and
<br />assessments will become dehriquent. such'surns !o he held by Mortgagee it, 'rust ii> pay said griiurtd rents. "pre -
<br />miums. taxes and special assessincots; and
<br />(c) All payments rnentimied in the two pacceding subsections of rios paraglaph and all paynemis w be made under
<br />the note secured hereby khall be added uigedter, and the aggro tc itniount rherao,f shall be paid by ill;. Mortgagor
<br />each snoods in a angle pa }'liter >t ,it be applied by the Morse _cr to die tiilbnving iteans in the order wt North:
<br />(1) premium charges Tinder _tire contract of insurance wail) the Sicerelary of Housing :u:d U;han Uevelonnient
<br />or monthly char vin lieu :�i'sa >rt ai' instrr air , reiniumj..tc ut cue ntav ne:
<br />(II) ground rents, tae ,assessments. toe and whei haaa :cl msuraiu I_ ,irenuuirs:
<br />(Ill) interest :,:i the note secured herehv: :and
<br />(IV) alnortilation of the piincip:il (if sal: note.
<br />Any deficienev In !Ix• lrntiunt r r all% Stich agglogaic 111mitilly payn•cot shall, unless made good by the .toll-
<br />gagor prior to du file slate of The next ,uch ,In Ilrutc an °'rent of default under rills mortgage. 'File
<br />Mortgagee may collect t late ch arcc not : ,.ccc' t cote C . I fur each dollar (St ) (i1 cuch payment snore
<br />than fifteen (t ) Liars i+ i .acs t, c,rrcr tilt ,xt a cxl .se inv,>lved ,n handling delinquent payments.
<br />-). That if the total of the payment- made br ific Mortga.tZl0i under h, ill paragraph 2 preceding ;halt exceed
<br />the amount of payments aetually made by till, %lurti,agec for vround rents, taxes and r .,Oanent, or insurance pre-
<br />mium , as the case mas lie, zieh excess, if the loan is current. al the option of the• Mortgagor, shall be credited by
<br />the Mortgagee on sub.t.quent jl tyments to be made he the Mortgagor, or refunded to the Morgagor. If, howv>vor, the
<br />monthly payments made by the Mortgagor under t!,i of paragraph _' prccediag shall not be sufficient it) pay ground
<br />rent, taxes and risessri or in- ur:urce premium a- the r':i =e m:+l bt• when the same shall become due anti pay-
<br />able. the Mortgagor -hail pay to the Mortgagee any amount newt -,ary 10 rni)kc up )hc deficienct ar= or before
<br />the date: when payment of such ground rents. tau . , asses- fients or in-urinI pronliuins =hall he duc. If at anv
<br />time the Mortgagor shall tender to the Mortgagee ,, lit accordance with the lirovinions of The note - vfcurcd herebt.
<br />full payment of the entire indebtedness represented therehr, the tiorigagl,e .;hull, in computing ,fie amount of ,uc h
<br />indebtedness, credit to the account of the Mortgagor all payments made tinder the provisions of s"a, -' of paragraph
<br />hereof which the .Mortgagee has not become obligated to par to the 5ec•retan' of llousing and t Than I)evelopment
<br />and any balance remaining in the funds arc•umulated under the provisions oi!51 of paragraph ? hereof, if there
<br />shall be a default Under any of till, provisions of this morteage resulting in a public sale of it)(, premises covered
<br />hereby. or if the Mortgagee acquire, the property othenci.se :after default, the Mortgagee shall apply. at the time of
<br />the commencement of such proceeding-, or :t! the time the properh is nthen+isl, acquired, rile balance then remain-
<br />iii in the fund- arrumutated under.11 of paragraph 2 preceding. it n rmdit warn -t the amount of principal ihl,n
<br />remaining unpaid under said note. and .hall proper)) adju -t arty paymenl- Mm it =hull have bees: made u; dvI
<br />of paragraph 2.
<br />a. `Fhat [he Morigapn will n 1 -r tall rent,., taxes. as,c- menlC, '.k.iler rate. end clher go,etnnienia? or ma!nr•'ip:1i
<br />charges. tine. or impositions. for a !I :h ,rnvi•tt,n ha, not hecn made hetrmbefore. :inc! Ir..,cfault (hereof tile >.li. ,:..sere man
<br />pay the same: arud that the Morluagoi ., ill rrompik da!ivcr the otter i :d recejpl, therefor to !lie �%Iorn•a,!ec.
<br />S. The Mortgagor %kill r.t ,:i t asC, ,. eF na, he le,tcd Ira rn the M *eft ,lee inierest In clod real e+latc ;and iinproec-
<br />ments. and which may be le, ieu upon the, nt, rl .:Ce o the elebt ,., i,;: d hclehc'hut lnit [:, !hc r -\lent that >uch is nor rrohihn-
<br />ed by law and only to the c,rteni !has ,uch ,kill not m : :k <: tilt, Sn:ui n,nriuusl, hill etcludi:ng : m Inrc,me la,. 1ta,!e or Federal.
<br />imposed nn Mortgagee. and w ill file rile r,lhci ::l ; e,cip[ h n, in ,,u: h pas clime kcith rile 11u'tgager 1. port %lokilaom of this under-
<br />taking, or if the Mtlitilap,, I, mohlillcd ilk .:n% i.n, ,i.n, or hcre:tt,k t frn'n ;, i tc th, ,k flole of :,n% ;,,rtr.,o 0; !hc A= ,lc-
<br />said t:rse,. or upon the re nki i'se o ,.. to plolui•mng the P,iN nrc,u !-, rhr \i. elk•: ear .slink catch Ia,c,. :.,, if ,uch law
<br />or decree provide, Otto „n .. -u „i ;l , h; ii ,I! I_ta ,h .I ..edited nn :hc , rrle,wi: debt. iii- foci lce,hidl h ,e
<br />the right to li,c ninet, : rt r n, to the nknet of !hc •,g,,,eu prrmi, :uirint; the rt.,nrenl of !h' ^',Ideate
<br />debt. If ,tics notice he ”, ell tnc ,.i:d dO'l ,h r,i he, nine h ,Ihlc .,nd rt lle•etihic .! till e, ;,miiii n of ,.,id nines, da„
<br />h. Tha! should heir w : :N -n cool r cot, :ilk , .v 1 "stn Ides' fol I till it l I_c. !hen •il %'l l .e"% ;I! !I, ort .
<br />lion. inas pas sir rcrtorm The cult: . ,.dull e_pendilun ,t '11-Y 'hi'll h., eddco I. Ili . [m ip::I �•unI okk ni._ tin ,hc ahme m,le.
<br />Shall he centred herehs, anti ,h:dl he,u inle-c,t :,t the rate ,ci forth in tile -.till noTC oun,i polo.
<br />That he hcrehk :,..Igo, lr,,micl, ask —1, t,cer h, the Mi t :tCee In he ,pvijni it , ,i the p:,, men, ! the m,ic ,tno aril
<br />r u
<br />Toni „ecured herrh•, in u„r of ., kIi•i,:wi in !hr performance of ;utk o! the term, .a-;i .olnilun:,, ,i Uhl, llolrgaer ol the ,aid
<br />note. all the rent,, re,cnue, : nd Income !n he dr Iced from the ntorile;ieed prenti,r, during .u:h tonr 't, flit morlC.,ec Indehted-
<br />ness shall rernam unp..ni. .;ski ttsr 1 _er ,hat; na,e rok'. r h, ,j1;'%-:fI! , +n\ ages + _ ; lI1,11, :. w ,hc I?uri"o,c III
<br />repairing said rrerni,r, ;mks ill ,cute g 'nc carne ,Intl ad'.> t:na The cull,. n, rt,cr..,! d , „,m, •net IT ;n.t , ii, lout of ,aid in-
<br />contes all csprn,e, at rcpaurne ci :u,r, ,Ind nee: rk ,mni .,Inn _uir, glee ni;n`i d n �cnut�±.'),t r �' n u .+� !lie
<br />.ante and of eUI1CCtlrlg lc •t,0 i. (tc .Ire,Iq: lilt' ,.L.n'iP rent 'innl i; ;IiC C :'.PrI 't o, ,. :; itu' ;!' t_il :', t(C ' , „f. IIll le
<br />indebtedness.
<br />R. That he will keep the Im ro,.cr *1 :•nil now c,i,hng , herc,,ftcr car :le I tin ,h ;,.t:!c..ged ; porn n„orc i ,,, rn::r he
<br />required from time io boot ht. !h; %forteagee :Igatn,l in >, h, !ire .nod ,tdwi ha1.,Id,. :a,u ;slur -�.z ni ., IlIfnQCH Ac, 'n ,uch
<br />amounts and !or such puree!, a, Intl, !,c required by the Irld , „Ii r,;n r nmpr :k . kk het dl.e. s i, prenliu-r” ,,n a•ch
<br />insurance provision far p:,cment „f which hat, not been In,nlc hc�tuthrfnte 171 n., ,.t ore ,h.In t,c care.! ,n „u il,,,nir, .tp-
<br />provcd by the �Mortgagec ,lad tine p tin:. :Ind renekutl, itiv;C"f ,Tel, hc- h,.'d h, ih: `.i„rI -:;gk: .rid h,k, ,.1,,..! lllrrto't •
<br />payable clauses in facer of and in form at..pr ; :hl <• ro the 11, r :ga „�c In c t,ni t.! I—, Ain _, malt toltCe h,
<br />mail to the Mertg. —ec. wile, roes m:,kc pen„! of L.,,, if not as.idc t „t•otpi k t -, ltor• .,_ l” iris _.,.I, n• n.:. tot:
<br />,.t
<br />cerned is herehy authorized and disc, ir,i it, vrikc I,,r, mcnt for .11111 ,h e. ll, i.• the ',tour• xec „IC, I , h. Capes
<br />and the Mortgagee toialls Find tIe m or, , r I u r i n !"Ill tf o,f. i v i he til,111'eti r , Ir V1i r!e cue ! ,I hr,
<br />(j to the reduction of the rn I M Icon + e i ,Ili n r -, t t r -;I !
<br />L sure of this worrgage of o ;e! ,r,,.,,f.I of ini< I+ nn t- i -,�e -I tl,i•rl6 ui „t- ncni�tu a t,. �,t I. _ , ,,, >c :. �-.,
<br />all right. title and inleie,i of rho Mt rte arpr s to ....ici I,. nr, !n,ur,nc :c , t h. lhI , I- ”' I, -
<br />9. That ne additional and r.nll. +teti ,Corot r fur +Le I..n -miens t,f �t',
<br />mortgage, the .klortpi,gnr bete,^ ve ic..h :, l { „t,g'u. 1 .i. t ,u _„c -. ,, , •h,i.
<br />Ivtortgagil tilldt, ,n„ :ai(1 .!j ,ill nn,. ,. , „ua r nice-•. ,t
<br />Then) to •; nd uleichiednc,, ,n ,+el ht ,, . `I - wi; •, Ills
<br />for and * u, ,.n. ,roil , _ _ .t t r t dm "no
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