|
<br />0) month prior to its due date the annual mortg'ige insurance prenuum in order toprovi<te"s:uCb'-hofd~t
<br />wi*funds to pay wc/!'ptemium ta the Secretary of Housing and Urban DeYelopmenl pursuarttto the
<br />Natiollal Hoosing:Act, as,amended, andappl!eahleRegulatioM, thereunder~ or
<br />
<br />(II) If and ~ long' .naid note of even,:d.tealld 'Ihrs Instrume..t are held by th!l'8ecretary of Housing and
<br />\itb3AdJevelopment;3 tOOntIlly chargeOnlil!i.l' "r a mQrtgage inSUI'llFWe pnrmium)whi<:h: shall be'in an
<br />amoont''''1'lal It> one'lweltih( lint of ooe.n1ilf f! fl) per cemum ofthe average Olllstandillg' balance
<br />due on the note- Ct1rnpllted withnut taking into aC-.Count delinquenCies or prepayments~
<br />~'sum equalt<Jlheg;ound renrs, if any, next due, plu, rhe premiums thar ...ill next becomedue andp,ayable on
<br />pPIides ('flire alldother hazard Inslllance coveringthemort.ga~cd properlY, plus taxes mId aSSesmJeDtS nexldue '
<br />on- 411e mortgaged pr-npcrt~{ (till -as estim{J/{~d Oli the }.-fnrfj!:i1geeJ Je5-30 sB :mms. a!r~ady paid therefor divided by the
<br />n~ber 'of ,months to elapse b-efOTt one montJl prior t(i !h", J.~itt~ \\-hcn su.:h ground rents, premiums., taxes and
<br />assessmellts will b.~(lfne delinquent, such sums tv be held by Mortgagee In trusl t9 pay said ground rents.' pr....
<br />miuIllS, l<ll(es and.ipOCial a!lSeSSnlellts; and '
<br />(e} All payments mentioned in lhe two preeedillgsub.e.rlOus 01 this'paragraphand all paymentsro be made under
<br />the note' secured her-ehy shaH be added tlIgt~ther, Jnd the aggreg~Hc ,Hno:..:n: th~r~Df s.haH he p:-iid by the Mortgagor
<br />e3eh -month- in Ii single- payn'tent to h,c applied hy the Mortg3~t' fn rhe f;)lk,wm~ Hems in the order set forth:
<br />
<br />to premium charges un!je.r the Cl..mtract (..f insm~~n(,~ ~.. !th.the s.l:C~C'~,j.r) ,.}1' Housing ,and Urban Developme-l1l~
<br />t~r monthly di~tgC (in ti-etl '~;.t mu,:~~gF !1~!SUra~1fi-_f'ret~IUU~~,~, ~\$ thl: >.:J:5e may be:
<br />HI) gl-tmnd ct"nts, taxes, a.ss.es.f;;m\.~nr$, lue 3110 tJtht:'1 t.uJ_Hl1i1~liriih.',:: ~"1rCmiUms':
<br />inn interest on tile note sct.'ured herch}; and
<br />\lV):mlVrtL'.allon of lhe pritlClpal .,f sard ".,te
<br />An\' deficicnc\~' -in '-'the imnnnt of :illY S\_h..'h r:HH!!~.<\ ~',l: "1:('r;; ~,;'!,--iJi. unless made g{Kld hy the ' Mort.
<br />ga,g~ ilnO't:lo:lhe due d~'fe"rif!tw n~~f $u..:h ,',~;~,,-tjlJte {"',"'m ~;-t::rJu!t undt'f this 1l1Ortgage, The
<br />Mortgagee- ma-y colleCT it '<-hue cha!'~" not to ~\.l.,'eed f;lt~., C'~nts jJ.;-) f_'l' eadl dollar tSl) 01 each payment mote
<br />Ulan fifteen 0 S t days IP ane-..u5 to C(,I'\'c-f ~hc e,xu~ ~\p\.:'~l',(' ~n\-'_",\,;,;~ ri'. '~3n-rihn.?- ~klmquent pa}tments-.
<br />
<br />-), I'hal- if ttw tut-al uf du. pa,\mf'nt"-i m;Hlt' fn :h!> \!Hr;;~:.!i'('r 'iiHl-t'r ! ' par.agraph ~ pn'('('din~ ~hall .'xel'ed
<br />rot" aawunt of paymtm.t~ a('tuaU~' mudt. b: Ull" \lnr1.:!a.~~n' i,,( ~'ru'Hld N:'nt:-'. [Inl\''"\. ;:md a..'--.~~~nu~-nl..'i OL,in8unUlt~t' pre--
<br />miu~-. ata th-t'- ('a..~p may h-t>. ~uch ('xc(,s~, if dw k.klH 1... \..T:rn;'i'iL d the- ,--"pu~1n -l'( d~(' \fort~a~or\ shaff be l~redi[ed by
<br />lhf" \'lnflf!""''''(~ on :-.ub${'qu.~nt p8.jmNll:o- tu Lw madt._, tj dh' \hHl~,a.guI, .,[ :-dundc.d hi tbp 'Jortgagur. it flO",pn~r. the
<br />r-lOnl-hty pa~'"ft\C\nl-s rnude by the \k}ng~lgor i.Jfh_1t. r f p.H 1.:--'_; l~,-t- p"t._~ ~',b:):o:- ~h.!H r~{': tx- 'SuUi-urill tn-pa~' ground
<br />reaL, laxttri and alloi-~ssftt('nt.:-; or ln~ran('..' pH"mwm.... ..l.;-o. the (" a...; t- 1'1;;\ ;l." .'>ltt"n d-w ":IM(' --haH bto{'{)mf' dul" and pay~
<br />able', thetI the- MottM.. shaH pa.~' 10 t!w- \lortg~,.t. ;-tn\ amounl I\t..t'(>~""an tn muk(> up th~ d~ri<'ient")., on or "'fo...-
<br />th.. date lIi-ftiPn pay.ent fif ~ri J!lY"lund non[;__, t:i'\:f'>"., a!-i",~-'...-"m{'nt~ i1f m""UTat1{'.' pn'mium!"' "..halJ tw dut~. If at an~"
<br />"MP tJM. \kn;g&ftOT ..:haff tfind"'f'to thf> '~nrtl!aL'P'(if". n1: ;IC,'orotlnn, \lith ~tH' pru\i"~on~ of tht~ not(' ..;t'('lJft'd h~~h)'~
<br />full pa\'fftft1\ of 1hfl t'ntift' ind."bt~drH';o.',... rf-i-pw-..t,otpd lht\ff'h~. ltw '.~\~r'i.~~J~t;... ..,hatL in fumputing thi'> ;U!10unt of litUeh
<br />indebtedness, t.~redi\ to the ~u:cuuut vf thl.' .\tutt~or ,;.di p...\ynit.'tlh Hl~1Jt.' u.nJ(:r ~ht, i-.o\lslon~ "Jf f \:) (lof pilIagraph ~
<br />h........r "bieh the 'k>n~'" ha~ no! b.".om.' "blillat<.{\ to p.1I '" .h.' C""'h"M~ "11l"u";'''!I:.nd l'rbW\ Oc.elopment
<br />uti an)- bajant'f' f1'mainl~ in .h{l- fund.. a('('umut~lti.d 'If\o\'r fiw pnl\T"'I~m'" It! nl p3fn.c-f:.\ph !. n...ft:aoi.. If tht10ftl
<br />sh~r""-~'''.Ih -U~-MY .,r l~ pn'\I~.oo" I,j !1n- mmh:;un' fl'..,litHH: ~~, .1 puhli'l. -~ti\' nf Ule _-fH'VIII.,~I:i_ \'u\'-ewd
<br />h...by. or trth-~ \lort,a~ a('quifP~ th~ prupt'r!'. udH'f"'>'l-t' .th..f Jd~m$L int' "Hrti!.ii,c....' :'".hall apply. at th.,. ti",~ ur
<br />thr t"()m-mffin'ment ttf :--udt pron:.N1lnc.... of -,11 lhp tlnw {h~' ~\wp1-'n\ ~- o'fnf'f';,q-..."t. ,H't)uif\"d~ tfw balant.'''' dHo>> r{>main~
<br />'"~ in Iht.' fund~ lhTumuiatt'tt \lndt~t' ot p:tta~r.~~lh ~' ;Hl'~ 1.~linK. -1,-" ,t. ... f~''iht .~.....Hn,..\ ttw ,tfth\tHH "f priU('ltlal tht.n
<br />N"fftainin~ unpaid undfif ....aid n(lft'. ,Uld ~hall pn.lpF:-i\ HiJu',~ ,H1\ ;-~,~'0'!'J,.t., ~~h~h -h:lil hi~\i' hn:'H "'Jti~, tUH,it.t'i,:i
<br />"f l'....lO,!!ll.plt },
<br />.;i_ nl~t 1M \h'f1~~{H \l.!ll p.!\ ~hHHki ;<-:n~..._ ,,(\-:.."~ 4"~~",-,,-g:;';;~,,, ",.:t"! U_h:... ,.mJ '.'ih't"r ;.;,n..'rnm~nla! Lll mum....ipaf
<br />~harg("... Jm~"'. ll-f Implh-lu\lfh_. L'r \..tH-\.~h ~:\"\h!,'n '"l,t" 1-"li t'>{.t>n ;':-:;..H.H:: ;~'Y~'J,,~'('t..;~ ,j'-~.J in Ji't~t,jllht.'-'~llt the- -'h1Tt~agc(" ma}
<br />pa~' the "';-Hlh.:, ..nd thiu :he \h-,rtgagm ... iH f"r'!."m;"!;.,, tldn-('f l~,..' .'!t;.'.,~\ ;>;"-:~a"!,, ;h~~;~.t~-"f \..' {he \h'ft~(':('
<br />.:; '!'bc \hlftt:-..~~.Jr \qt! p..:ii." ;~H l;nt'~ .... "K-h m..l.\ !'~. 'l" tt.....~ ,~{',:, !hc \1;xt~.it:ct' -.. ,'Ht-h....t III \::Hd jt"J:l t'....t~~h.. om..! l:nprOH'.
<br />me1lh, 4f-G -wlueb -rn3,,- r.c k-\~R'"cl-up.:...ft ttn.. ''',',-\wt~~ i'-, ~n(" >J<:-f.t ;,~...1."f~~i TI-,~-;tt'-,,; ,h,,~ n1\\ k IM ....'f-e-nt th;;;J "ut;h h ih."'t pr-;Jhibll~
<br />t'd b)-' blA In{i l~nh h\ tbe- 1.':\kn! th.il ~u,,__h ,~jH fh.li: "i-_i~(' ~h~, j~l.~~, H"'uH,\-i.~'~ :'-U: <'\,.:it;:,IHlg ,.I:1"!\ Hli,XH'Ht" ~il\, Stith,' Of I-tdt'ral,
<br />lmpo-it'd i.H\ Mort~!l-tt'. ;joJ ..,U tlk the ~\!fi..~l,j1 h...,:,.!pl ,;Jw\tt m~ "1..1.. h r,~t-" Hh"gl "It, ;~~ tnt" \ilH1gaj:'('(' L'f-\':'fl 'i,lOl...Ut)f1 \.If th,~ under-
<br />taktng> ttf if [he M\\f1iPlt:V[ l~ rf\.'hJf\Ued F>\. .~n\ tt.... ~~~,,~ >:'I h(H.~tt('f ~ \t....tH'I~ fr~'m p.j\!r~ 1M ~ hok- '-"1' an\, r"tlf't!i..fi ill t~ tifflft.
<br />~id 1,lu.e-.. \)f urnn!he fe-mkrHlt' \i! .-\11.\ I.,',.un l1t'dn:' r~\..hINhn~ ~h~;" t',.t\ 'l,~n~ !'" gne- \h)l1ld.jt\;tr \!f an\' ;;'U\.-rl t.;ne,", \~r tt ....u.:h law
<br />,)fde"rt(" rf'~l\td<,~ 1hat .,H'lJ affH'unt ~.) p.H...J ~\ the" \h'nJ:"igt1rr ""...;1" t-i' dnh(ti! ,'or. If\< t;h~nx4<: deN, if}(' \'tH't~C-(' \haH h.tvc,'
<br />tilt nll-ht ~o ~I\'t ntltel\ dJ.Y'~' "-futen noU,,~(' hl!h<- ~l>\,f't("t ~,~ ihc ft;'..llt~_l.'1.i ;'~t"'ml...t\., f~4Ulf1nR the- {'inn,,:,u "t the mt\fl~ag('
<br />\kbt- if slKh n\.llK~e be- p\'C':n. tnrt.,...u.;.t ut'rt "hal! Poc\,>\.1nh' dUi:, r"~I..Jt>lt' JHj..J: ..~~I}e.:Hhk ,'H Iht- t\rUdu\~n .:)f \.,ud nJnt"{\ \b,\'\
<br />~, ThaI \hotdtf~ hil to pay aft\. ",un! .\l a..C'tl' .i!\\ ,,"\'\-~,~n d,f:t rr~'\ hk-..! t' \~t 1f1 thh "hHtlt~, lhen ~he \1~.'J~-It,i){(e _ .\t ~h UP4
<br />1100, ma) rall Qf,~'dIe __,.nd an nptndttures ".."'* ~ r-ell4dedlQ IIw: ptlll\:ll*l """ ,,,,,"~..n !n< ,,1,<,,< IIl"e,
<br />~n.tlbt ~tXund hffeh~', ~nd -:\h-a.H bear iutch.''''! ~d the r:-'ll(' '-:;! f~~nh m th<' "---.uJ i'hl{r-, \mttl p.tW
<br />7, Thlt ~ ht-r~~\' a.\-\JIm-!L uan,ter'"\ ~R\1 ~('1' ~\.('f h' :h-c 't..)n~~.t~c(- hi t'>1," ,~r.phN hl\\,;nl the ~"'",1\mrnl tit the r\l.'h~:J.nd all
<br />'UfA~ ~.cured ~cb~ in ~...~ \~t it Jd,Hdt Ul,H\c r<n."rm.J.n\-~ \A ,ffi\ ,i-! the h.'fro, ,~nJ '" ,\fh_ll-thJn.. .-11 :hj" \t\'n~a~>e \~f lnt' ~a,-d
<br />00le, aU I,he rt'ftt'!io-, r~\"cnU(') .uu:S tn..:om<- hJ to< d('n".c:..:i ih'm the m..\n~u PftU'l",-("':'J- >Junng. \u..::h Hm,-~ ~t\ tht nWf!~a~e Ind<,htcd~
<br />IIIS$ .... ,ftmtaUt unpa.id;.apd'.... M~....... hint" ,...., h._t,~ anv ~, M ~eotsjl m-1\ ~c'Ih.' t(l( tht' ru-rpo'i-f' llf
<br />ropaj:rina'.td pretfti'JeS BRcl of rrftlJl'lt tbr ;.\o-aoe .aud :..\.!~-:Hlt)t i:n.t :-~nh, !f'. r:nUt"" .i:1t1 mCQmt-, ~lnd It m~n pa\ t.t\H tlt \.aid in-
<br />..-.. aII.,penM$ of """If'" Sliid prem.....sand n<<e._, m:n.,..,,,.,.,, ~n4 ~'l"'n..... ",....med 1ft reD"!l!IlIIId IftDfIlIllIllll die
<br />_"""vi Cl>Ilect"'ll r_ ,hrrriroao, .IM< ~ .em>>....." .t all'. I" "" aPl'hed .""ard lhe di",,,,,,,,,,, &' .,..<1 mM!\8lIIC
<br />~",
<br />il lhat,bc w1ll he, the lmpro___<1It\ Mo.' e."'~ .". Ilfl:ffilrr Nt'c.fil "" lit<: mt'l'\WCd 1'f~f1r.lI\liIifCld ., m<l' he
<br />~ fnllll UrM' tp vme- ~)- the \t-\~~<, <\,~_;itn;.;.~ kl,'" tl\ :~re ",W vU~('t .!h)l__n,;",. ..'....tlahit.. -and ~t)fHm~.nc'e~ in \-uell
<br />..... ....ftw"'a'iJ; pr-rinch ft'iIi tna):' be--~-quiftd ~ tfw \h>f!-R4JCt' ..n(i -....~H PM pHH:lprh, ~bc:-n due. 1!:5l\ pft'mmln-li t.'n "i,tn:h
<br />.......... ~ tot ra,.....- -fit '..1\ ~ not ~u .fllIde '~1..~H.~ \11 Itl\UI-,Hi>.'(' ...h,;,U t->c l'~-unN In ,:un'lpanlt'\ ~'r'
<br />pnt\(ed h~ tht: M,l(~ ~ ~ p\--"k...k~ ,iiind: aft<<!.~~.... th-e-n,',:"f ~haH ~ nd~ t,~ the- \h~rt~~r :I.IHJ h~\l.' ~iHa.:h(d lMrdo !(l~'
<br />pay'" \."b~':!;- in ~;;... foracceptable to'" M~.t...., in ~VO_ of','luu M,>rtJaje;)" \All! ~J"'(' lf1'!medt~te tltl1lt.:"( t'\y
<br />_._-~.. .-h~") mtA~ m.aa.c r-ft"."f nf h~,,'S li 'fk,>t ln~ae promp1h' t'\ \fpu#:-ijtVl'_ <:Hld ('ad. m"uranc-t' !,.:'i)mranr con-
<br />~u ~,~ And ~t~d to m*~ r,ll\:mcJt~ h~f ).udt It>>;;: rltffctJ\' ,,;, ~ Mtlff~ tm'tmt 01 t\"'- the ,MnnptlW
<br />and ~ ~~ JOt,"J~" ~ t,he: ~9_~..t_ft('(' pfY~':~_', \~ ;l!}\- J~I_ t~H''tli. '1M\- Ot' .pphr\! h\ the ~i-.)flJ.-t' ,H If' oruOJ't tHh<-r
<br />t,..W....lC!liea._.....,....lllifta.,.~ur "".., 'e__.~ "',....... '~~d_~ In.,,.,,,, or t.'r~d",
<br />- ........... OIlier 'II'aftfIfcot "f _'" ....,~,'g<l; rrolleIl, <, "'l~"'P"'~l!l..,lb<' ,""",",1.'\1".", ..'nUN hele!>y,
<br />dr_.. hUt.... tftkf~~l of the> M(""'.I'Oi' !!l.!itl\i h_l ;,un ,~\"U!.fR~ ff1l.h...,l(', th("h H1 h~h~{' ~h.d_l (l,on, h"- !Rt' pUh.ha,.cl' I.lf f.!Lttll<<
<br />Q ~." ~"'''M..:,-,ft*fll~ ,,~unt\" h~ lhf" l'..;nmr-nt tA rht" mHf'- c!--e-'"<",,'nhed, :1H,-1 at! ..um-... t,-, ~-i.:~mltdut undt-r Ihtlii
<br />___,....~,. ~ ~,_, '" ,... .......IilM:~. .11 !'wlt.. '"'<"""'. "".ul"", "It''''''h.1 ......tm """"'"'" tu ,he
<br />~ ...... "'"l' ...... "'I ,,,I and la. "'....,. 1m ,.... I"~rn'.... wO Illr-II>t '" .oe~<tO<l n'"",,, to, 1M ,.me .nd ."",..
<br />u.. -ro ~ ~~. :a-I ~'tti ki,"tft" 11"- .ft("t dt'-tiluk m tilt' i."~:tf.l;I;htfMt,,(4 th.t~ tlH"t1,-arc, <\f1:t.i lh(" MOf~ mat demand. ,~
<br />fut'" ~""~et .--,. "~'l\*:\:m(',nt,\ lif__ft~ a~i ftIl).abk" t~ ~j t~,t be' r't<J!+tft'._~ ,,1 ~'-! ,-!.~ jl'J~ a'i~ h h~_te"",uYi'.
<br />.....toe<.._.....""" """........I<;......,..t 'ht,"""'~....' \ (' T 00 -€9
<br />
<br />~.H_JrHn,'.,'.. ~-1tU
<br />
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