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l05�� (I 1 month poor to its Jut. date the annual rnortgage insurancr prenuout III circlet to ptovide such holder
<br />Qa' with funds to pay such premium to the Secretary of Housing and I. rhan Development pursuant to the
<br />National Housing Act, as amended, and applicable Regulations Ihereunder. or
<br />(11) if and so long as said note of even date and this instrument ate held by the Secretary of Housing and
<br />Urban Douvelopment, a monthly charge (it, lieu cifa rnortgage insurance prennum) which shall be in an
<br />amount equal to one- twelfth (Iit2) of one -half (1/2) per cenrum of the average outstanding balance
<br />due on the note cornputed without taking into account delinquencies or prepayments;
<br />(b) A wm equal to the ground rents, if any, next due, plus the premiums that will next become due a.:d payable on
<br />policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property (all as estimated be the Misr {ggqcv! less all sums already paid therefor divided by the
<br />number of months to elapse before one month pilot to the date when such ground rents. premiums, taxes and
<br />assessments will becofne delinquent, such sums to be held by Mortgagee in trust to pay said ground rents. pre-
<br />miums, taxes and special a- Iiessrnents; and
<br />(c) All payments mentioned in the two preceding subsections of tills paragraph and all payments Ill be made under
<br />the note secured hereby shall be added together, and the aggregate amount thereof shall be paid by the Mortgagor
<br />each month in a single payment to he applied by the Mortgagee ill the following hems in the order set forth:
<br />(I) premium charges .order tile,ontract uI insurance wnh the SL,TCtalx „! Sl„usl!.•• and t'rhan l), veloprnent.
<br />or moonily charge tin. ilea, ,4 ni,wivace ifrcuranc c annurer,t;. s ,rr. gage :n , tic
<br />ill) gruultd !ern, taxes. -- !ingots ;ur n rata,•; !,a:., ;d instran,,' premur, u.
<br />(Ill) interest url the nut, socurcu berehx..rrid
<br />(IV) arnorturanon of the principal of saris nor,
<br />Any deficiency fn the iniouni :,f art, •,uc!; aggregate nr.mihlc pugment shat,, notes, Inade good by the Mort-
<br />gagor prior to the disc „arc „t the nett ael,h I,arnl,.ri, , ;ls::tute a:, i,rr,! • , ,le;anll under this mortgage. The
<br />Mortgagee may collect a ' late chetge'• rant t„ ; .,,i,I 1 .. ;villa a +dt t„ ca,i: d,,llar ill ; of each payment more
<br />than fifteen ( I �) it-, i rf arie+f,, u, : vc! the cx! :f e l;e:,se inv,•Ived .11 Laneiltn,' delutyuent payments.
<br />3. That if the total of thr payment, rn -.4& b� the llorte:reur under '' o! paragraph " preceding -hall excec-d
<br />the amount of payment actuallx !>,ade ht the llorteavv(w for _round rent iate- .,nil ,, - -( _Ment- or insurance pre -
<br />miums.:t the case may bo. -eth t,:esp,. ,t the loan as ,;fermi, :I! the „i,ri„n ,r! ;hc'tlotfgagur. shat! he credited be
<br />the Mortgagee on �ub,•equent pa)menl• - to fw made if% ih.- Moriea_or. or it•itaid'd :r, Ihr• %1ortea_,or ii, lumexer- the
<br />monthly pa)ment� made by the Mi,rrg,igor under ' it paragraph preerefing sI ,d! riot he sufficient to pay ground
<br />rent, lazes and assv� -meat- or in -urwit I- prt mi :m !hv earn rnat lo• „fit-ii tho -nme '-hall bernmo cfue and pay-
<br />able then the Mortgagor ,hall pax to the Vortinagt.- a<nt arrroufrl nert• W, to ma6r un the de,fie ra•nca . on or before
<br />the date when payment of -urfi t'nnmd rent -. Iav' - . a - -i -men!- tit it:- user(.- 1; iniuri, -h::!! be due If at an%
<br />time the Mortgagor hall tender tef the Mor gai;eo in accordant.- ,tlth ih.- pr,lti -Ion- of the note - ecured hereby -
<br />full payment of the entire irdebtedn, -- repro- on:etf rher<•ht. the ;tort a oe -hall. ;n f „mpu(ing the amount of uc•h
<br />indebtedness, credit to the acc'ounr of Ihi %lortg:igor all p,axmcna made owitr [1-IL ivuvlsrtxns of -:i.'of paragraph
<br />hereof which the lk rfga`eo ha- mgt lwt onfe nblit _,aced lu pad !n the N-t -rotan tff llou -in L and I Than De,c•lopmeni
<br />and aunt balance remaining in he fond- arc umul.iied under rite pro, t-lon- of • of paragraph 2 her4-4!f. if lht•re
<br />shall be a default under any off im. prax;-:on- of ihi, mortgage re_uhini! in a public -ale of the preen -e- covered
<br />hereb%, or if they Mortgagee at quire, file proliertx otiterttl•-e after default. the 1h,rtza le hall apply- al the lime of
<br />the commencement of -uch nrotecden ter at the Itm.- ;hc pnfperlx I ihvr „r -e mquirvd, the balance then remain-
<br />ing in the fund- accumulated undi-t of psreer.<ph _' pi-vt.-din_ . +- s , r!•dii .e_rain -I rho ,unount of principal then
<br />remaining, unpaid under -:led not, and -hall pfopctl, a<!tu -r mi puxm.-nr- which -hall !!axe liver• made u; dc,r
<br />of paragraph _.
<br />4. that Ihi' 11,a [g.. •u _ , nr,. .. ,,,. .. ;,h,. .t:i,! rlhc: co.cfrlmcnL,!
<br />charge.. fine,. or irnpo,mon,. ,:,,•, nnhel,,n ,nd i r'; three..! Ihi % !!:l wv, -,I r,
<br />pay the same: and that the Moricagor ,,, no ,fru,tl. , +nrr ihc '•It,, ;to , „vtpl, ,haze, „ ,he \f:vlC.:. .
<br />. 1 h Mortgagor will r,, .,Ii !axc, :,hl.Yt i,, 4,r,J up `n ;he kIorlc,gee , mle,e,i rn ,aidireal e,iate and impro,c•-
<br />ment,..ntd which mat he lewd upoo'h,. •. ,ec , , !h, !C"l right :, nit I, •r.c , xtrnl ihm miih r, no! pmhthit.
<br />ed ht last end onl, Ill tile,,ic•nt ! ,l „I, 'r IP 'WI rt,hC tf,!, , n ,`I•• , hul n`: :e tit Ingrate tax. `t.i!c ,•r ! cderei.
<br />tmpo,ed,,nyltingahe✓ :,nd'Pwnic the •'N l.• c,c,rr`fr,`mI!h',I,, r,ll:'h'n1:,ohthe \tUriL'. ee 1 piontrol;iijon of Ihi,under-
<br />taking. or If the 41r.- !e.igrr , .,r: ,; h, I. ., t„ !r,,r•, p , rttg rh: „hr.c ,a ,tit ' „riwil, f the A"le.
<br />,aid tat,,_ or upon tits rep , _ „ I'.', ;.. hl ' uni I cite !fir ',nr -'.e ;g, ! ,,r ,tn, ,ochLike, or I; ,u.h tat+
<br />or decree proud: !if,,, . r,, i• h.. „r.u, . .re TIL.,Cc dt'h!. !tic %iv.tg,igce ,hall hate
<br />the right l.- gne nine!, d, - i ', " !h, ,encf �. , '•',c •'p :_c,i r;cmi -c,.: ,,going Ihr f.,: ntc•rt of It,c raartg•rge
<br />debt. if ,tich nen:c he c ,n, ,.. ,., �I .i.., t ,. ,. ..,, ,:i , fr lc i i11 lon rf ,, Id nnrcI, da„
<br />h That ,houht he !e„
<br />tion. ma, pat of perform ,h, , , ,'Iti.... _..! hr . . d Tt 'hc r`r l -fr: ,imi rw trop ,ill the :,hoxe note.
<br />,hall he ,e:ur,:J he';:,”, ,.f,i .r;.. • h,. . , , .. ., ,te 0 ::, !Ile• ..r,! n,.!: .. n; .,!,.
<br />- That he hercht e„Ign, nI v \! F.,_ h, r,c , r, ..,i!„ the p , men! I the note ..nd at]
<br />,um, ,c,:ured nervha in i, c ,'I ,, ,'t `,. t,:1 1t1 '.fit ! -I I:,e e! the ict,li, 1.. . miativ-i.,..,i •'ii -ii, \last L,lgc .,: ific ,.iid
<br />note. all the tt•iit,. re, crim, ftht ❑, i$ , i,! ,f,` ; r _ u , ,C 1,1Toig 'L, 11 illy., "'he mJrig.Ige mdchled-
<br />ffes, ,!fatil,unaru tarfp"ti n.i ule -,l, nr.,pec ..._.:, e i;•tool an, .:gr: .. III•„ uc,,.t '.,r rile pw p, tie r,f
<br />repairmg said prerrllsC, :to,: If rcn :c ;l,e - n,: L , u , the ., tit• ., n, , .,, n: ,n,; ,.:r,, :, ,,ui ,•f ,old in-
<br />CtxtnCs all CNpense, ,•f ;cpi;; !nL, ,, IO - -t+:r< -flo tic, •', , - _. ion .,rt ,e- ,. :c.1 to wt,I =,d i - .,.let l! ihc•
<br />,ame and of ,onectim! ' n *,: tw • • n_ 1, r l onc..cr
<br />indebtedness
<br />X Thal he will t:•e, tEc nnh!,:... =alit. n, „ .'v.!Inc ... qc!c :fret crt,lc,' ,gin :ire •;,.:•e.,ecd rr„rert\. tri,ured a, rne, he
<br />required front time u, !tare h: the xlvrtgascr :again,! h h: fire ,,n ,:tht: hanged, I a,:ialne, and conungencie, In ,uch
<br />amounts and for such penod, :,, rti:tx he icgcmed h, the %lortgagev . na wall rat pr,lmr[i, wllt•II ttrc. en, premium, on ,u•:h
<br />m,urance proxisfon for patmcnt .,i which ha, not hecn made heremhet„re At! r l.u,•,mt ,Imll !,c cioricd in o-ompamc, ,p-
<br />pro,ed b< the klorilz.fgee en,! file r„'i,lr, ,rid ,ergo. lhc:c•„i ,h• ! he i.ciil ` .Ihr \t.,uy;,cir ,nd h,,,, *.t,r,hrd ihr,ct„ i.,,,
<br />parable clause. m lager „f <nd In fr,rn: attept•,hle !r• !tie yf +•ng..ec: !,+ r,cn; ,•I L, :g., .v Iii _ce,c :nlrnce!I:nc nou,e Ft
<br />mail to the 4tortgaeec. wh+, ma, tn.;ke rf•,of ,.f Iv„ •i n-f „!t 7r,.:mpti, F•. 11,•i' .,It,1 ..:.h m�ur.-
<br />cc
<br />rned1 ,herrhtnuthcnicd,nd,'vt.tc,!' .:.:k,t ",'next!!, „ ir.v 1.!hcL`1,:retailu:.ic.r,!•dI, he1!r!iC.+c,rr
<br />ant!lilt•Morigaget•n`Iritl ndIhr tl•e, ! i\ tr ...I, .rr t \t !!` r_ , u•. 'he:
<br />to the reduction of Ihr ,n leht arc � t r 1 I ! . 1 1
<br />11.13C Of 1111, mofig.tgo: „f , the !t...• I. .-I I,li, ,, rl,r• ic,! „r, ri •. In , ,,,n�,n. ! .,. ..f !!,< n,l, r ie .t. .,.. I „ h,_!, f„
<br />all <,ghi. title and nrtet. ,r ..f the `Ni, e,g,:r !' , n» ,, -n, 1 ,, -, i, I,, . , .,i, c , ,, n, .i;t, !, _,nil ,
<br />Q. That I addth,:,na! ,.. ,!l.,r, , ., un! . f.. 1 h c, , r,, Ili , I ,h, nit ,. .,,,- , , • • . „ .,.
<br />r;f"TIgalte Ile` 4 ol'ilea,gur hurl, .I,v¢rs I" ihc
<br />ylurlp -agm under tn, and , ,, ,t v.+ ,.. •,1 r.;: •,. -. �1-._, - . -., .. -, -v , ..,
<br />rtlem t„ a <ad 11100,Icdnc-,- „ .. ri. lt•!,,:< ;..,ri,; ,It'!., „I ::hc ,. - ..;r,, ,,. 1.+. •,, x! -
<br />1 "i tint) rct,.,t! .ail •u, t -, t.'•, uRr I, disc :,nJ I, , •�. ,t I _ ..
<br />ancltic,,,r,u ,u•!,,.rrt,. "It ,,, ,r.,r,., i11w, n"!ic•!,,t.,.,. ,. - :.
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