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<br />83-tJu279ao): m~ntll plior to its due dale me annual mortgage.insurance prem~um m order to provide such ho!~er
<br />wnn tunds to pay such premmm !Otne Secretary or Housmg and Urban Development pursuam to me
<br />National Housing Act, as amended, and applicable Regulations thereunder; or
<br />
<br />;fe-retcrdtd {U}
<br />r ~~3-0u3177
<br />
<br />
<br />
<br />
<br />[f wd so long as said note of even date aad this inst.rument are hei<l by the SecretarY of HOllsing and
<br />Urban !)evel';pnrent, a monthly charge (irrlieu of a mortgage insuronc(; premium; wl;ich shall be il' an
<br />amount equal to one-twelfth (1/12) of one-half (1/2) per centum of the average outstanding balance
<br />due on the without taking imoaccount delinquencies or prepayments;
<br />t(> the rent,s. if ,my, next due. plus the premiums that will next hecome due and payable on
<br />hl:l.Zard in~uran..:e property, plus taxes and assessments next due
<br />estf1n1il{ed n)f all SlJrns already paid therefor divided by the
<br />to dllpse befellc one mf1Nn prlQT ((I the dale wl.en sth:11 ground rents, premiums, taxes and
<br />L sllch sums to be hdd by in (rust W pay s;:l1d ground rents, prc'
<br />
<br />tW(l sub!lCctions of this and all payments tn be made Under
<br />be and llJl~ aggregate amount ~hall be paid by the Milrlgagor
<br />paYlnenl t'O be "pphed by the w the followin(it items in the ordel set forth:
<br />
<br />
<br />tl1l<if!T the ;;,mu,u,:l ol lI\s\H;W.;:,: 'WHit rhe Secretary 01 HmJC\illg and l:rb:,ll1 l)ev,'lopment,
<br />Of mnnth;y (hl/ieU I':.f mOJ'{!;lJXt: in:turam::<: /lYCmlwn/, a~ Ill>: ,';lSC may he:
<br />jUot!lld rems, 1:1.1(11&, .15il<1Sl>tl'lt'!IlS. IIH' and other hiaaro lIlS\.lrance pn;mhIl11S;
<br />!I\!~rfl;$t ,)l) !be'mHe secured hen"by; ~nd
<br />lU1l()rti<"Jllkm (}f thll pnm:lpal "f sard nOlI':.
<br />III the an'H)I.!!'!! any ;tg~regatt monthly pJvmerl't ~haH, 1l1111l1i1 made glJl)d by the Mor!'
<br />It' the dUt' IlJlle the next ~lldl p"ym<'ld ,,')l!~lnUle an e'rent d:.f;:mlr tinder tillS ll1orlg;rgc, The
<br />may coi!leei J '"late: C.hiH~I," III .~X"iled _;'llll$ (4,r) j".r ,'~,;;h doH;}r 1;<') each p~ymen! more
<br />n 5) d,~y:s ir ;un;an tH C()V(~,~' 'the' e.xUtt, ~xpense n1'1t(l,I\r~?d in delinquent p.ayn.le'Tlt.s.
<br />
<br />
<br />Thill !T tnt, Inial or Ill{' m~id.. iI\ liw '\lor! /.l11j(Of lmll", " of pamlZraph 2 prN'Nling "hall (>xet;ed
<br />th~l lUIIOl'I.I1t of l)aYllUml"l&.(,lttltll~. III dw 1'''1' 11l'OlHld rlml", liAH>14 lmd a",,,,,,,,,,nH~n t~ or il1:"ur:'IIlc;p pre-
<br />mi'IInS, li;,. Ilu~ 't'lt.."e llHl~ IJ.... "'Udl !i>ltCtiSS, d the: h><)ll IS ('ummt, <l.i. the olmon 01 the Mortgagor. shall lx, cr('dil(;~1 h)
<br />tf'te '\lort/lr~t1!f' on "uhli<eqU\'llt paYln"'nl.~ to lw Iliad", In tl1l' \trlrll~aj:,'lH', or r\'flJlHi!~d W liu:' '\lorl!!:agof If. hOW('VN. HI!'
<br />l'1~mlhl\ f1il\"ftWitll." 1l1i~ the Mortglllotor under i of shall nO! be !iUHlciem to pay ground
<br />t'l~nl, IIIXt'!" III:nl a""'I'''i''llIelllY' or lfl"l.lrlll1l.il' W't'llll II III " " ,1- Ilw ('"L'." 111~\ tip, lh(''''illl!' ,..hall 1:1('.:011'1(' auI' and pay'
<br />able. dl(,n Ihjf.\t.:lf'I~~l'lj!;ltl' "It.d! pin Ii'. tlw \!ortl!J.,l!N' \ilH :1!l101111l lll""'''~al)' to m:lJw up 1.11,' rll1M before
<br />th(. dait> \\h(>n itHl.ym'l'I'll (If "\lId1i!ffHHlll r~'I\I,"" tax,>", ;!,,"'.....1l11;l1t" Of U'hUnll1l'P pn'nllllm" ,!"hilll h., due, If al. allY
<br />Ilmto I:lw MOflJ~i~lr ~!llll.ll h'I\(I('f 1..1 Ill.> \IOrlg"L.lI;(">, m .l<Tordllm.,t' "Illl Ow PH'\i!"IOf1" fir till' HIlH' ~"cun;d lwrt'hy,
<br />fu!III)ll.~'m"'llt l~l' ll'lt' '1..tIt''''!'' mlil'llt~'lkn':"" rl'l}fl,.,"nv.d , Ow .\l"flgagl',"halL III l'Illllplltlllj! the amoulIt <If "lldl
<br />mdelneJsl(>"'"" ',r~lil: m dlt' iKCOUrH 1,1 rll(" ,,!! !"l~'melll" m:,ldc undl..'r dl(' pnl'\'l:"wns HI i of paragraph 2
<br />h",...)f ""licit tile \Mrtl!~"'''' h;l~ 11.H b,'n.ftw II' pay h,1 Itll' ,"','Cn'l/ln of llou"lnl! ;,Inti I :rban D(.\'(:.lt\pmem
<br />"lid lIl'l:' bllIlI.lM't' N'YlIlil.ll'linl/: !II Ih(' fund" ;U'lllllltil;.t,'>d Imd"f Ill... prn'l.~i"n" of i 1'1 of par"araph 2 Iwr.'oL If tlll're
<br />",h~dl be II ddllUlll.urt<k'f am ,,of Ill(' j',lrn\l"'lOn.~ ,d till.. llml'lgl~l' l'l"uitm;t 111 ;1 Pllblll' 'aj" of !.Ill' prl.'ll<i~e.';: 1'1)"",,'<.1
<br />ll(i!l'e~', <:If If lilt' \i(ll~a.Jl.('I> ltt'qIIlfl'1"! da'i 1lf1'lI,U"h ".th.:'f"'I~!' "Il"f d,'fa.llle tll., \lortU<llf"'" "ha.ll avtllJ'. al till' lilllt' l)f
<br />uw ,'umm.,'Il,'1i,,,,.ml ",I ,;u..:11 f1to",,,'dlfll!"'. 'I' '11 till' tIlTH' Ill., rif"'....rh b "IIWf>Il,," ""jllln".l, till' ba.lcu1(',., IlwlI fl'lfIain'
<br />ill~ III ttw fll!lld!~ lH"'umui;lIt~>d IfI,d<:'f ",[ p"r~!llf>h ' ,.. (I..<lj i "14;11l1,..lltw 11l1HHJ!lt of pOiH.'.pa! then
<br />N'lIIilUrlUl$! 1I11IHIH! ll!HS"f ,,;od notl", and ,hi,l llmp.>rh P,ljflH'nL-, wlw.h -hall h;nt' t"'/:,ll rn~.d" und"f i
<br />{l ( par~ntph ;L
<br />4 Thai l~ie \1,),. I!.",~"I'
<br />h nes ~ ~),~
<br />~i\I':ne;;1,nd
<br />The
<br />me~lh, .111.1 fIl"jc be iCH<:d
<br />cd b" l;.w lind (mh
<br />
<br />ft~nt\iL L,L1(("
<br />
<br />;UCJ t.;<;te'I,. ~-HNJ o;her fl,(i\-<CFnfnent~i.l or ~nlJni(~ip~'~J
<br />mlld,willhcfCll' the ~tOr1!ZjlglC': may
<br />the "lh,:l;,;l t<"t"ll'l', Ihe!\',"I'H Ihe
<br />, milNe', m reCil <"I;,le ,'IlJ
<br />,-nl:- I" lh~ t>Xh,ntlh,,1 '''Jell I'. !WI
<br />U,itTl'l\hl, exdll'JlIlg ,illy '11(('m~ t,g. ::'1;,1<: or
<br />WIlh lhe 1..'1'011 "'h:daltl'll (If till~ tinder,
<br />IftHn whok "T ponion of InC' afore.
<br />~H1Y t~u.cs, or if ~.aH.:h taw
<br />\JdH. the ,haJ! bave
<br />the pavmCl1! Ih" nWrll'age
<br />c:.xplralioll of '<II() nine!,!i day",
<br />!hell rIle ," iI, n/"
<br />su.m ,(;r\Ai'Hlg t)J'l ah"')llc note_,
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<br />\1'11'"
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<br />of I he noh: ,H1U uB
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