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<br />(1) month pn<Jr [('> its due date the annual fnortgage i.nsurance premiurn in .,:)rder to provide such holder
<br />IB":~~ j lJ 2 8 85 with funds to pay such premmffi to the Secretary of Housing and Urban Deveh>pment pursuant to the
<br />I ... National HousmgAcL as amended. ;lnd applicable Regulations theff:under: or
<br />
<br />(1) if and so long as said note of even date and this mstrmr.ent are held by the Secretary of Housing ana
<br />Urban L'levelopment. a monthly charge fin lieu of a mortgage insurom:e premium) which shall be in an
<br />alIl{)llllt c:l:JuaJ W one-tweHlh O1l2) of une-half Ol2) per centum of the average outstanding balance
<br />due on the note computed without laking into accoUnt delinquencies or prepayments;
<br />(0) A..urn equal to the ground rents, if any. next due, plus the premiums that wi!! next !}ecome due and payableo!1
<br />pol.icieso[ fireancl,:tther !1lI1".aniinsllrance covering the mortgaged property, plus taxes ;md assessments r.extdue
<br />on the property (till as eSlin:!aled by the Mortgagee) less all sums already paidtherefof divided by the
<br />number (}f to before one month priO! io the dare when such ground lenIS, premiums. taxes lInd
<br />$ilemJleYlts wl.ll hecmne &tJch sums to be held by Mortgagee in tnl$! to pay slud gwum.l rents, pre-
<br />miums, taxesam:hpecial assessments; and
<br />{e,l menuol,ed In the two subsections of Ihi" paragraph llml all paymelll:Sto be madc-iuder
<br />:rhe n:'Ot>e se'Cun~;ri shaH be together. and the ::nrc'UrH thereof sha:H. he pa.kl by th.e ~1o.~r;gagc--t
<br />each month if'! :! "Ingle payme.!11 to \)" ap~11\ed by the to the items in the order set fonh.:
<br />
<br />0)
<br />
<br />premwm under the ,~<;n~rai:l ui ill$Uflll1i:lJ \\ 1111 the Secretmv (Jf Lind t'rban Oevek)!)menl,
<br />'If lTlonthly tin fJ,'u OfrrwrtIi'OI!:I' i',Jun:mcc premium!. .J, llw caSt' may he:
<br />grtltmd rems. lJXeS, :<ss,C$'!;m,"flU. hl.e and ll~7.atd m,Ur2iflC,' premituns;
<br />irnere.s,t on the H(H.e scctln.,~{i bcre'hy-; ~u1{i
<br />tirno~til:~{tl,n-n of the- prtnci-'pal of s:aid n(JLC.
<br />the arrlJ.)UrH (:tHY suc,h ;q?J;r{'gat{~ rnond";dy paYfn-t'~n1 shaH. unles.s rn.add gond by the lvlnrt-:
<br />the- dtlC d.mte the slH..:h 1,1 ,'.w;tJhHC (~\i'~~~nt. d~:f~uh lH1der this rnortgagc" Th(~
<br />nr~ty (;J1k:cr a ..'tat\~ ch,ar~c':~ ,,>::rHS i"~JiJ kn: each doHa.'f fit 1., ,.~o/lc:h', payrnerVl:'--fl1:(11(:
<br />(I 5) '.hi:~"<$ 1;1 arn:;'J.n; td {~(}VUI: the extra -txfH~',nf)() invni'\'cd in pay-nteut'JL
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<br />:) Tha.t 1f tb~ lotai oJ dl{c pkl~nH:~'nt;:-; nn~.df:' tn' ttH;~ 'Vlorttnl~'or H{,Hh.~' { of fl(trti,f!raph :2 ~H<{'~et_\dj"ng' ~haU (~Kc(~t~d
<br />th,' :Mnl:'HIUI ,)1 pli.ym..~lt." made hy ,n,' \:I!Inj~11gp." !'HI 11TOUllli [<'nls. (,IU:(," and iII.""I',,;;lTH~.'fli;;; or IrIl:lUranl:e pre.
<br />mium>" as :.lw ,'a..,;e 111li.Y ('!i:Ct'ss. drill! i'JdlliS ,unc:m. ,Ii the opHon 01 tll(l shaH !X, Qfcditt'd by
<br />th.' \lmtfJ:,I$('" on .,uh"''''!l.wlI! pl!~ l:lWIlt" hI !w mild!, l'l tl'H.' \!"rtfHl4l'tlr, or n'fulHl~,d W Ih" If. hflwl~v"r, the
<br />!'l<lIlt.hl y 1)!lYIlJ(~IlI.~ m.aae lw the \Hldel d ",haB flOI 1:><' 10 grolllld
<br />rent taXI',. lmd a,~H"''''ltWI'II~ HI 1ll",,,fljIH'f' It,; 1111' , ll""rlm., !"'. ,,!lNl !h('-'lllJ1P "hall heeollll' and
<br />ll,blt- rnNl lb.' '4mll p:l\ h. Ilw ;Hl\' .J!l~lHUll m'n'~"ar~' iil makl' l!pdw , nn or
<br />tllt'tiJ\h' ,'!IN' pl!n'lH~rll (I[ '''Udl lirflUlld nml,." i'iX.'", l.1,';,"".":"~ll.'IlI," ..r 'fl,.!!nmn' 1H'I'I'IlWm,; ';!Hlll bf' dll"" If ilt an)'
<br />lim:'(~ tt~(l ,..;h~t,H t~:'J'nd\'~.r io th~~ \.!onfr~t'!4~,~'.~~ ;HLl,'o-r,Jao~"{' \%, i !'h .{ h f:~ prtf" i .~HH~,(t of tla' nItJ(.(~ ~~~~;t>tu'(;~d h.er:(;~,hy;
<br />fun PU\"Utf.JtO,\ uf tht~ p~uin' ,i.rl'd~.~ht~:~lru';,-;,,,,;, tepn~:...(',tH~',d OtP \~t}rq-~a$.fP,(t ""h~tU, tin~r~puUng ~,hf' i.UnOUIH of ,~u,(;h
<br />('-raiH 10 ~.JHt ;:t.t'("E ',,\S,fH ,A ~,ht, ,t U p~'n r~H:.'rn:;.; rn';:uj(:,' uru:hf'f fhf: pro'\"~~10n"'i ( oJ
<br />ht'l'(~(ll "'hich 1111' \~',1fl!;;a;lfI"p llii.~ nlll !"'I"'",I' "hUrraU'l1 to pn, I.. ,ll(' III !lnu"inJ! ,l!HII'rhikll
<br />lmd h:tl,Ultl' Fl't1>IHnllljt ItI.,., fllfld~ :H":'\HllUll1lPd ,m,I"1 \I'll' 1""VI"IfH!" ..I' pl'tl1,l(raph :}ll'lr(!<lL
<br />~.~ha.B Ill- t.h.",f~ui1 UUd'Pf ;tn~, qf th~' ~H't'n. mHn,~ac~"~ n~...tdtluc ",,;.di~ i,jlf th~,.' pre,t'H1i"',.(J<,;:W: {'ov~.t*'jd
<br />ht'n'b", !If Ii th~' "n'IlHP~, dw ",tlWl1<1l d,'bwh. ;/1<" "hall at tllt' lUlI~'.If
<br />llU,- f'Omt'lH~nt't,~m,:jltU '''~H<^,t, r:rtnt.-~,.-t'(hnc,;>', i lflH,' thf' prHfH)n\ l)dH'~n~':l,";~:" tH'q.~Hrt~i,L trH-'~ thf-'H n_~mai-n~
<br />Hh! in th~" ran~l'fo- ,H::vumuLH;4."'6 t~tHi~"f p.tra,;J;ntph ,.1 ~:H"t~T~.'dnl~~ u'"i!;"t.ht. ;t~!ajn'ih,r dH' ~unf.~tHH it! ~hflf1
<br />r~m.a,inlnf: tU1f,Hitd 1irHh,\f' noh~'. ,::HtJ ""haH pfntH.d~ ,,:d~fJl';,t ,l..HV ~:~WUtH,~n(..,,;, ~,'hi_{.,t~ """h~!fH h:'l\!(l b(:.t~o (11.t.H!P Hnd+~f
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