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<br />8l3-lJu2B44 <br /> <br />( ! ). rnonth jJ'!1t)f {\"" ~rs. \iu-e dale tl!1e .arUHlai mor~ga:;e in~U~~fh'::t"" rref'nrun~ H"1 t~fJer !t~ rrt~vid'e- such holder <br />~...i1.h funds tot) pay SU4....h premH~-m Iv the Se..:retzu-y' nf H,-1uS1ng and l~rban Deveh'lpment pursuant to tile <br />National Housing ACL :IS amende.:t and app!i.::ahle Regulations thereunder: or <br /> <br />! In if and s." long as said note of even date and this instrument are held lw the Secreurv of Housing and <br />Urban Development. a monthly charge tin lieu uta mortgage insunmc; premium} wh'jch ;;hall he in an <br />amount equal to one-twelfth (l i12) of one.nalf (1/2) peT <::e!1tum of the average outstanding balance <br />due on dile note .::omputed without taking into ac~{)ulil delinquenCIes or prepayments: <br />(b) A sum ~qU3J to too ground rents. if any. neXI due, plus the premiums that wiH next become due and payable Oil <br />poij~ of fire auid other ha7.:ud l'1sunmce cffilenng the mortgaged property. plus ta.xes and assessments next due <br />on We mem:gaged propeny !ail as eS;imort3'.r:f iH' tf,e ,l/{frtf<age(~i less all Sllms already paw therefor divided by the <br />number Gl months 10 elapse before <lne m()!llh pnor ," the JaW when su.:h gwund rents. premiums. taxes and <br />~ts wm become delinquent. weh SIL11S w be held by Mongagee in !lUSl 10 pay said ground rents. pre. <br />mium$;. !aJ~e!pand .special: assessment!!': and <br />i\Jl paymen~., mentioned ill the two preced.ing subsections of this paragraph ::Ind all payments t<) be made under <br />,he note SCcuted :,hall be ",toed I(}~lher. and the aggregate ;mmunt thereof shan be paid by the MOTtgllgor <br />eacn '%nanth in a payrr.tent to ve tippired by lf~i: M~}fl~g-ee H~ !~...e fQH~lWH1E ftcms tn the 'Order 'Set forth: <br /> <br /> <br />m;m;hlV iX1Vmtr.t shJIL :mle;:s made 1500<1 the Mort- <br />~::~p$lnUh:.~ ~Hl e;'{en~. 01 defauh '\lnde~ this ffifHlg'agc_ T'he <br />,;e:tH~ i.4!lJ iO.l each ,:;J<JHar is]) of each pa:vroolJt H::H)re <br />;:1':[13 ,"xpen~~, mvoivec m. handling, p:wments. <br /> <br />.L l'h1ltt if th",t~*ta11,f Ie!:W t:mv!tttmtb mad,;. <br />t~1f: Ml~Hlm ,If IJlI,:>lnt'l1...,;, <br />.Ii\'! \.h'l!' ,CI1,~~~ m",:, j}".. <br /> <br /> <br />2 !lfN:NjjllV,,,hllll exm"'ld <br />ta:u..'\ .mrl a~!';l,~",;-<men!", Hf ;n~Ufllne\, (ne- <br />,\t 01 the shaH be credLled b} <br />,'1' i" 11H' if. Iww("H:>r. r,ht> <br />hha.ll nOl he to PiW <br />{.;IlUP ,,,haJ lbt!eomf! lhw .tlld <br /> <br />1.;( <br /> <br /> <br />t <br />fi <br />!, <br />,l; <br />~ <br />l; <br />J,., <br />