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(1) month pilot tt1 its due date the annual mortgage insurance premium it ruder to provide such holder
<br />with funds to pay such premium to the Sec=retary of Nousing and t [ban fevelopntent pursuant to the
<br />National Housing Act. as amended, and applicable Regulations thercundcr, or
<br />1054' 3
<br />(il) If and so long as said note of even date and this instrument ate held by the Secretary of Housing and
<br />Urban Development, a monthly charge (in lieu of a mortgage insurance premium) which shall he in an
<br />amount equal to one-twelfth (1112) of one -half (112) per cenumt of the average outstanding balance
<br />due on the note computed without taking into account delinquencies or prepayments-,
<br />(b) A sum equal to the ground rents, if any, next clue, plus the premiums that will next become due and payable on
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessnrepts next due
<br />on the mortgaged property (all as csumated hi+ the Mortgagee) less all sutras already paid therefor divided by Are
<br />number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and `�A
<br />asse snients will becorne delinquent, such sums to be held by Mortgagee in trust to pay said ground rents. pre-
<br />miums, taxes and special assessnrenis: and
<br />(1f All payments mentioned in ;he two p!eceding subser laons of this paragraph and all payments to be made under
<br />the note secuied hereby shall he added together, and the aggregate amount thereof shall he paid by the Mortgagor
<br />each month in a angle payment to be applied by the Mortgagee to the following items in the order set f -oith:
<br />(i) in c, :i„i,t, ,. :.,rcc.. sass ; ; ;: �.,,,.,.," ,,, ,.,..,. ;..,,., wall ;Ile Sci:retary ,I} Hou,m+• and t'Inan Development,
<br />or monthly charge in heu ,,I Pir„r!eaer inSuramri reiniumi, as file ease niaV he
<br />(I1) gioumi n'r.u- taxes_ asessnu rats. !nc and othel hazard insurance nrenuunls,
<br />(ill) interest on the mole se, arcd herchv Arid
<br />(IV) anlorttranon Of the pnn,,Ipat of Said 11010.
<br />Any deficiency in Ow Aro,rani :0 an ,uCh aggregate monthh payroerit sh ails unless made good by the Morl-
<br />gagor prior t:, ter duc ,talc :,t the ue\I such payme,:!.., nstirtrie an Ctenl ill deldidt under th,s Inurtgage. The
<br />Mortgagee may ,t,lleel J "!are ,iiargc ' not to eaeecd it .., ,ruts (aV i tan ea,h dollar (S I i of each payment mate
<br />than filteen ( 1 � I alas. s u _!ieati to coyer the extra cype: v ioaolveci In handling ,iefinqucni pay ments
<br />:3. That if the total of tho pacment- made by the Mort_a,n,r under , ;, of paragraph Y preceding -hall exceed
<br />the amount of payment.- actuallt made M the Mtrrtg:l4.,c,e for around rent ta\e- and a-- o- -menis or in- ur:mce pre -
<br />mium , as the ca- -'e mas be, -uch e\erss. it the lu.in I, curren!..i! the option of the Mortgagor, shall ie credited by
<br />the Mortgagee on sub- equent pa)ment - m be madt' M the Morigag„ar. or rofunded oo tilt- Mortgagor it. ho%%e\er, the
<br />monthly payments made by the Mortg,igur under of paragraph 7 prcceiitng -hall not he sufficient u, par ground
<br />rent, taxes and a ==e�. -merit- or in- urance prt•mtunl -. a- the ra -e mat tn• ,tn•n the -ame -hall become due and pay-
<br />able then the Mortgagor -hall pay lot the Mortgagee int amutint tit -- -ar\ to m.iko up the deficiency , tin or before
<br />the date when payment of -uch ;,,round ri•nt-. ra \e ,i-- e- -ment- a,I In- uranre pr -imam, -half by due if' at any
<br />time the Mortgagor -hall tender to the Mort_aer•,, In arenntant e i,iih Iho- pi=ss) -Ion- of the note ,ecurvd hereby.
<br />full payment of the entire ndehwtIne- -• repo-- enie•d thereby. rile '%lorlea^,•i• -haii ;n computing the amount of -uc'h
<br />indebtedness, credit to the account of ti=c "I'Vigager ,Ill p,orncnts made under the prut';swns of a,, of paragraph ?
<br />hereof which the Mortgagee ha- not bit ,m,• ohli_ated to pay ;o the - ecrt•tan of Ifou -ior and t rhan Dc%clopmcnt
<br />and ani, balance remaining in the- fund - at cumufatrd undo; the pro%+ -ion - of ,! of paragraph 2 hereof- if there
<br />shall be a default under any of !h,• pm i -mn- of lit,- morta.itty re- ultine In It puhhe -ale of the premise- eo\ered
<br />hereby. or if the 11ortgagee acquire- the property other,u -r afl,•r default. the M ort,nn_ei, halt apply. at the time of
<br />the commencement of -u( formic din_-, or at the tire• the Pnlpert\ other, %I"• a, quirt °d. the balama then remain-
<br />ing in the fund- art umufated under it! print _,r.iph ' pit -t ed!ng, .i- t redl I aca,i -! the anniultt of print opal then
<br />remaining unpaid under -aid mole. :met -hali prop, ri% .li {lu -t .,rat ;,.I%inent - •sera h -hail l;a%e beet- made under ..:!
<br />of paragraph _i
<br />l Thal the Morlrag.,r \ +J! i,.,, _ „,:n„ .,na, ta\e, sass, ;71,ot, „net r:lc,. -nil „ihcr gmrrrlmrm.il :: mkin!ctp :d
<br />charge,. tine,. of Itnpmlll,•n. •r „in, „ , n I:, n.: :Inbr1, , .,nd : ..;..,ii thercol the Mc- -I ,rrr ;n,,\
<br />pay the .acne .,nd that ;he tit, • ig, c ' ,,r mril ,h h e, 11 1 1 h, ' +1. • tg :grr
<br />S the Mortgagor , %ill p.,t .1 \ \ht,I i.r. re —v”! lit-on the 1,t• Ii, gc, uc,e i m ,,,:d real estate trid unpro\c'-
<br />nicrll,. end whlt:h trnai. hc' !e\ lest ;,Deal ihi, n., lig❑ge it the ,xrt ,,, !ttr,i r.,r : +°'. �h, ; rain I. 'ht —IcIll ih.a 111th is not rrohlhit
<br />cd h% lay% and ooh to the :\(cal that such ,.lw not in.,ke th,, !.+,,n u- :n,•u -' r,w \,,i,,' ,: .;,i, ln„ „nr !.t\ tiL:!c a,I Ieder,!I.
<br />imposed ,,n Mortg :rrrr..,nd :, li! tdc the Nd'tt rr,elrt ,,:ih rrc pon \ n,ianon tai this wwer-
<br />taking. or if the Moriga_or ;•i „h!`•urd h: ;., .., \, ; h•,.t rI ,,n% p.,rtu,n a,l Ifle :dr le
<br />,aid la \C,. of Upon the rr'1di.' In_ , .. ,. C! + t, rev [•C ;, Yn hlrt : :g Ihr t .list °,,I ' , the ` of 1:. :go; .ant "01 1.1 \r,. ,rash i.:,%
<br />or dectre pt,•tnl,•, th.a ..n\ rl, 11 :_t r ,t. rdrtr,' ill ,slag,, - •1ehl ttic Vn !g.,rre ,hall 'liar
<br />the right it, gi%r ninety d.; `, e. .,•llc, la Zile \ :CI , 'f ;h Iig.l r n! rcy,,inng ter 1 . _•'ncni rat the rw,ta.,t!e
<br />dchv if rich notice he _oev •hc .sill ,1cht ,'r.,r t,c'„ tic duc , .::.:hlc .InJ t,•Ii ,iii L• .,I rh: r, rlr,own, l ,.,:J mnet� nets.
<br />h that should hr f:al w i,.n n\ ,um •,• kelp sn, ., , ( +:,•,:dc,' 1•.,t .,, !hi, ',t „r• ^.lilt !her, thc• Motlrrigee..0
<br />thr1. IMIa pa\ er perfelrm tilt: ,..!Pe' .Ind •01 Ct p, ndlit!” :, ,r -11 -1, ,h.al h, ,d&,Ir Ihr rnn, ip.,I unl „u mg,, ,,n the 1%e note
<br />,hall he settle, herch\.. :r,,! 01.1; c n!, I 'he ! ,, I 1c r u .,I,:
<br />Th.!l he hcich\ it , _ t \i, .t c ,: 4 ,• I ,..n,l the r.:N n ill of the• ,, ind .ICI
<br />suns, secured hereto m sear , t-W �!''hcrper! 1�'.,,1..; l ., !tic Ire•,:. ,,.•I, ±qe�1 ".,1 tin, \Iorigage t!hc,Aid
<br />note. :d1 the trot, rr, rnit— .:n,1 int +rn "r .k"',, 1 r,• , vr, c.•ve , 1 i,n,Iy U. h time !Ile fm rl : gc tndehlr,l
<br />ne%, shall remain unpaid. :rid trig \t, +rrg.,eec ,h.:;i h.;,t p, • + :: ei ,,,•nn , :n'..,gc, ¢r, t, it :n.,. oer lie for the purpe,e au
<br />repantng \;lid premise, .!nd n' •e lrine ;hr ,lase' ., rn: i. ., C The ,- r.;,,. ! .• . , ,r1ti It ❑i.:\ pa\ ou, „i , od ni
<br />conies all e\prn %r, • f Irp.or.ng . ..,i 0,,j :n.d r ienwu!, rt! ,..,nagrl_ the
<br />1,, , -1111, ,t it% ,.' I „ t ihr
<br />same and of atllecUng tent,!, Inc : -r, ;.. 'he . L,, ., g-
<br />indebtedness.
<br />R. That he will keep the ,mpi—, Alen!, nr•u c\r,ung , nee :! :It e, •'!e:!c.`. ,vl Ihr r.1, , c.lged rra+i+rtl, Inured (I, rata\ hr
<br />required from time I„ time h\ Ili, 'dorig, °c .trains, i, h\ rue sine' "tine hat. :r.i, —1;. tlr, .:!1d „•tunlrrn, lc, •„ such
<br />amounts and for suth pvtwd, e, rna -, he )ginned h\ the \1,onymece and „III ra, p :omrl ;\ •01<11,11 p'er1111n1, tan 111,h
<br />insurance provision for pa%rient ,d which ha, ?or hec'r made heremtclolr \i! m :sin a+l,r ,h.d[ i,v .atncd ui trnipainrs ap.
<br />pro,ed h\ the Mortgagee .and the ro!I,'!e, .'"d rene•x.! , rtiet :•,ol ,11.d! hr he4! he the \t, :!c.r.i, :rid 1,.:\r , :Itr, hid !he•r,io 1, „
<br />pav,.ble clause, in fa,m of .,rid ill fomt .n cci`Inhic t„ the M"tig.,gt, In , • 1,+ ,r . ,n a. ,m,wd:,arc nel!tt h,
<br />mall to the Mortgagee. v ,,teo milt make pr,:,,( of I,,,, d n 1 made pn•mp!i, i, % 'Asia r,w t ,anal c -,,h ! . u,,r .• nl:,,v, „al
<br />corned I, hereh% authorized and duc, ,. tcd nokc (.,\ mcm l ld ,•I !, It,< %lollc.oc,.,
<br />and the Mortgagee lolath :ind the : r,nr. :n.e pr,,,re .i „! .,r, p.,r! !hc' ;, I i I,r, F, tP„ \f,v li'a err it In : ; -n„n r!!ho
<br />to the redaction of IN, ind l n d,I ii,.,, i. ( ,1 . it, Ili, W i ` n 'c
<br />,are of tilt,, mortgage ,,,.Ihr +t,,, I, ,•(rlll< . '!a' +1 Li
<br />.all ugh). tint• And mt,'rr,l ,d the tit I • ,.. mil. „ : n\ u,..,.. i . n. t : , ... .h.:. , .. •I, , 1. :rat, :
<br />4 1 hal is addniomd ,. ,a . I, tc -.:I , t !!not f, , !hr r , +•1„ •1t d tilt .,, , . , r - •'d
<br />rriOY!tage, the `4,,rtg,jg,,i here!,\ w to the !la•t ,eµ•; .,r ;l, air. .Inv , .. �,
<br />Mo rlie,wof ondi'r .Noe and . rat! o,tI L'd , ., d P
<br />thorn it- sail nod: herd, +e„ c ,!,. , ,h•t ,nil ,•1 Ih, nchU.. , , t 1 I1.: h, ',1
<br />f,.•t ";'d ., (r, sues •.,h p.:. sass wh,. I ,, , *eat
<br />,..
<br />:and hr - ,ante veil id %old iw, rcdc.t,c -it 111r, tn:,l!s:.:?<•c
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