|
86-104324 ��;
<br />with s in•1+ u, wh ,,,a.n a S 1f,Iu,ink ..n l Nri to v:foriilie nt pursuant to the
<br />NaUrloa i WWI Aiii. as awilJoh Nd gill[._. i. ftepdA .,._ t veL,ftx`r.,.lr
<br />1111 If and a, furia - _md now of mu ;3 w aw mis ins ru,, t..:: ate neid i,y of ilousing,And
<br />Urban Develo,nr,nni. a monthly .harge'in hcu of a eriorrkake• Brritrrrrire lrrernium) which shall be ie. an
<br />arawnflat ONA ..vxePtit I i; i 2, _,a ,a a t t t121 - cent i i ' : average out,tanddng halance
<br />due mre tale now al"p owd Wwuz liking Ana oulur ddu qac cws or pmpaymenas;
<br />fill A smtt equal to the grcond pert[,, if mw nem late, , m Me mmmn5 tnat will nex ,lec:ome du, and payable oil
<br />policies of fire and nthea !!ward insurance cmering Ac n, <irtyagcd pr,ip erty, pits t:tYes end assessments ri"I due
<br />on the mortgaged pn,rerty full' as e•srin vni by Me M""xW in all suns already paid lilerefor divided by the
<br />rtntnber of naontl!s to el:apw h0we and incnth pmt dta Be Qv whin 5ueh ground mnq premiums, limes and
<br />assessments will hecuax dcti m aril such sus is to he he,d hy .Marlgag¢e m trust w pay said ground rents. :pre.
<br />nnums. taxe.s and six : :t, :l as-,cs lien i S: and
<br />(c) All payincrlts menuer lid In the mill prefedtt!g subtii.'tt in v Tri fraiVgT and all ponxilts W be'lade. udder
<br />Um note acalle E herevy ,hail be avhied tut der, and AM 4gwyl no amn a i iheit l f dial! be paid by the Mortgagor
<br />each tnontll in a arlg e P;1ynxn, ro h- applied by tl.c %1 lit_. ,, To ill,- lolb.win>_ +roals It', the order set fortL:
<br />(1) preauum cll lr.e _Tact tu. k.0111.ac, r.;urat,:. v ,. aid. Jeere ar: rla Ik sot, aid -t4oan Development,
<br />OT rnCn hk Cila ill hell :;i r/L',Yt.L.0 himpam.i, l>ron 'ill• a, I its ti' ,'d Nt:
<br />ill) groan I as<.c..: m a, fly, arm whodward iriwmw i dint_;
<br />fill) interest Tit, tilt r ___[!read lie! eh,. aid
<br />(IV) xmirtiian :r,r of tltc ?pia ipai ai sail! note.
<br />Any deficient _ .i ..lit i4 al:) , ±,I a t . -gate :rlinitpli pay I1lc t , '; racks, mach u , %,d ,eiy the Slur! -
<br />gagor prior to *,he c;l �, :,i rite next sUcll t>aynict . cLC.'!. n default undci tni,,lntrigage. Tice
<br />Mortgagee may ale•-::+ A Iw charge'• not _ "d w" rent, tom;) ,; r each d« liar Q x <li each payment more
<br />than flfteen (1 5) . + :, .......s 10 SAW the -•xtra ex, . _.. =beet is liar:et, delmutlent payments.
<br />a. That if the total of ter payments made be rho Mo t' ion - mdrtr0 of taraagrttpll 2'pre"QNg -tali exceed
<br />the amount of payments zo ~uiallc made tic the' Mortaagee our um"d rims. Wxv- :end t=-e- sment- or insurance pre-
<br />mium=, as the case mac het, surd cxce,s, if thc loan i. , currc nt. ill ihc• optian of tilt Mortgagor, s11a11 lx credited by
<br />ill(, lloagagee on - uh- equent nayrnvrtt- to it(' made I; the 11nrtgagar, or refunded ill ihc- Mortgagor, lf. hoverer. the
<br />monthly payment made by the % dpaleor under i W of paragraph 2 preceding sha not he sufficient to play ground
<br />rent, taxer and a- -e smmntz or .n- ur.utre premium -. a= the cane may he "hen the -umv -hall become Clue and pay-
<br />able. theft the Mortgagor -hall pay to Iha lloitga e•e my aumunt nap --iry to niaa6e up the doficiene°y. on or before
<br />Ill(, date \%hen payment of -urh ground rent -. to r-. axn4_ -merit, , r hl,uraece p"Amw 401 be dui• • !f at ally
<br />Attie the Mortgagor .hall tender to the laortgaget x, acct tit n e it ith iite pro\ i -iorr. of the ro!e - 'cured hereby .
<br />full payment of the entire indebtedne -- r pro- -vtned therei)y• the 'ifxigaaee - la,itl. In computing the amount of such
<br />indebtedness, credit to the account of the ! Mortgagor all pitmen[, mace antler the provi-"s of na of parag"I '
<br />hereof which the Mortgagee ha alit lie, vmr obligated to pay to the necretar} of llou� -iog and I than Du%elontrient
<br />and my balance remaining in the fun!- :rccumnhuod under Me pnni-ion of Q of paragraph 1 hereof_ If We
<br />shall be a default under any of the nrori -ion- of tldi morteu_e re- uluro, to it pubik -ale of the premi -e- covered
<br />hereby, or if the Mortgagee acquire- oho prnpertc oihen\i -e after default, the Mortgagee shall a.ppl�,. at the time of
<br />the commencement of such proce.'dinr ur act the time the pnWeq i- otherwi -e as quirctd, the balance then remain-
<br />ing in the fund- accumulated under,' of par::_r:.ph _' pea c e mg. a- a credal a_mn -1 illy° .[mount of principal then
<br />remaining unpaid under ,odd iinte. and -hail pop &y Am: tiny payment- _hivh -hail We i "m matip rrdcr'
<br />of paragraph 2.
<br />4. That ihc• .1 ortg :, r will p::. .:,net ram. ,ay:...., Went•, cater r:,I:,. , i`d oche.: _,`,'chili}- .Ilia! or It iolitt ipai
<br />charge,. fine', of ' r v n „) pse a :,. 04 own nwo ,""Clore ...-_i wjdmo •t,wro t .e N ,' - gee mat
<br />-
<br />pay the ,arne. and that the v zr .he , hua! our; M
<br />1 lily Mm m4m7 AN pay A Noe, ,n le. ,!:1`. %ic d up or file ' >ilit h_ :,geC .Ncm,d in ,aid rep.! .<tti!c' and n!l-rmt'c-
<br />rncnts.:ind which anal he leeied u, on thic rn'nt_: ee in Ill dcht ,turrti hereh% 01W onA I,: the .- tier,i ! gat uKh i, nri prohibit-
<br />ed hr law find onto to the extent that "a vd) not make 14, Amn promo,[. No cx'_Itl,ang An, income im. We or f=ederal.
<br />imposed = vfmytgee. and will .r;ie• be of Ad "IN ,il,.,\: in wAl pa} meat n of L`:e ' 1:'rte:r_ee. l ran +iudarun lit till <under -
<br />liking. or if the J1nrt__a'_e nrvfi . :ci :.: ry i or hem cyrl n r :' I i �, a,,, i °oiiil: , o!!h- afore.
<br />said tale.. or upon file re lc„ n , 1 .. rl.- :\ . „u:u _ , r w e . , it% . Al L: i.,. , , li ,t:ch ;car
<br />or decree pro idc, ;hat ::f \ : , u „ r. the \i, rr :., i c eul:CU 11'c I ,..t :: _ :.!. r k,, i <o Ce .hat” h;z,,e
<br />the right to give nine! i „,. Wile,: d.,!i.e M':. +c .x, , !hr . r n,_ .h: r , . h_ r.lnr;caec
<br />debt. If such soli -c be :_ I. . , . Lc. , .. i ;e :. a l .,, .n c, e'::),
<br />6. Thai should he fail lo n::\ in .tan lir KCe;l .Inr ,;de,. , i^ All , , \l,+ !? r it, op-
<br />tioe.. ntay pat or perform the scup ..i., . uriiU... "l.r, h :,il he .,.c :.c :. :' he 'inrl, :_i um ear ii c on Ihc' chore note.
<br />'hall he ,eC;rca he zhc..l, ,he ...0 !"h ill the .u\I .Ie o r ilia
<br />-. That he her}cli\_ , ,i ,r . 'lie 1 at side` t„\k. :I h par, m: - , 011 old ad!
<br />,inn, ,,cured herehr if. ,a,c +�. l i- , ., �,i,l , % I,te 1,.:111, , .. idol.. ih' �lcateaee "I the ,aid
<br />note. all the relit•.. rC,.: m';, ,.lie” 111"Im, 1, ,t'1 v it,:blee :-
<br />ves, ,haili remain unpaio :,axi ,nc Ioi le: scc ,h . , . c p.•. ant :: ,\ a,. cn: it nIj,. sic ,ire !,,r I .< purpose if
<br />rerairmg -1 d prelim— n; t .. 'I .1 ale e,t..11;i1 ..,'d n 'll'i 11 n ..\ :`a\ eat \ , ii: Ili-
<br />.. a�ntcs I, I! e\pen,C, :•I :.d , i.- n a ld -.. t:, I1. ,..\!n -..Ira _ ,..,. -:,.t iu Ic,., .ad the
<br />,ante and of Ih eine 7o n!. th 7:1,1, . n „_ . .;n,. , ) the ,1.,- ., , if t :lw ru,r3ga'-ic
<br />indehledne,,.
<br />K That he \ +ill facet= ,h, i. ;, user:;, m'\: e,,rtin Itfer ererte 1 kill II a ed I,r;,;,er +', . In,weei I•.1.,•, he
<br />„..ace
<br />required from time fa time I-, ih, t :aiu e.ainci !,, by dire :Inv th_, h.v...i o,a.'. e, am! „nitint�encic, i„ such
<br />amounts ;:rid for such rcriod, :r. Iw, ^': rcgelle," h,: ih, x1 tr,c.•ee: :nit v i ; ;.1t% , mid th . dAc p- c"»ilwl' .y, swat
<br />imurancc protil,wn I. it p.,, ii o of yetnch ha, not heel• nl ;! de lrcreinhei,,rc' .tit it., , :.n; e ,hat' Lc . :arced in ccmpi .lire-, ap-
<br />pioved by the Nforfg;iy" t,ld fire aril rcrie "'o\ Awl enr h,- tt h\ 01, t lo!.ir ;:
<br />pnt'ahle ciau,c, in f.nor it :,lid In torm acceptahlc n, fhe \10 :'e „ :I , r II: e: e r :,'• n: :Ile ::v4c 1st
<br />,
<br />moil le the morfinwo he rim% r IC pr,., t & W a on ZOO ,vn-
<br />cerned h here!.', authell,'ed .: is .n r, =,., :.
<br />and
<br />'he
<br />L to the reductiv I of _ ,,. � _ -. _ .. , .. , ,..... ,.
<br />,nr, tit riil, ri ,rte :.. :.. ; 1 1 . \ II . L-1, 1'J ,
<br />el! rl!:hl •ati: I., i vv.. ... il�,. Af_ i . .. ,,. , .,... - „- ,. n.. .. -.._ ., .. .�r',
<br />tttc,:iCisar•. the
<br />then.: , -Ill 01 ill, _. , - - ...
<br />
|