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<br />{ t) month prior to its due dace the annual mortgage insurance premium in order to provide such balder
<br />with funds tD pny such premium to the Secretary of t$ousing and Urban i)evelDpmettt pursuant to the
<br />National HnusRng Act, as amended, and apptdcahir Regulations thereunder; :;r
<br />(lI} ff and so iDtig as said note of even date and [his fnstntznent are bald by the Secretary of }{Dosing and
<br />lJrban i7evalop:ttent, a monthly charge %irr lieu cr) c ntcrargage insrmnce prerniurrrl which shall be in an
<br />arnDUnt equal to one-rxelfth {l I3) of eme-!rat{' (t{'?) per cetrnun of the average outstanding 6adance
<br />due Dn the note computed widraut taking uttD a„count delinquencies or prepayments;
<br />i'b} A sure equal to the ground rents, if any', next due, plus the premiums that will next Eecome due and payable on
<br />policies of lira and other hazard insurance cDVering the mattgaued property, drlus taxes and assessments next due
<br />an the mortgaged prnpetty (all as essainare<t ht~ the h1c~rCKUgz e / less al} sums already paid therefor di~lded by the
<br />number of ntanths to elapu before one month prior to ttre date when such ground rents, prertriums, taxes and
<br />assessments will. becDme delinquent, such sums to be drrtd by bictrtgagae to trust to pay said ground rents, pre-
<br />miums. [;races and saacfal assessinrnts; and
<br />t.c) All payments ntentionad in the iw°o preceding subsectzans of this paragraph and all payments to be made under
<br />the nDte secured heretsy shall ba added t7gather, and the aggregate amDUnt thereof shad tra pazd by [he Rturtgagor
<br />each tnooth in a single payment t€t be applied by the htorfgager t+t the foPowing items ur [Ire order set fDrth:
<br />{lj premiutn cftarges under tie catrtra~t «z znsuraztce wnh the Secretary ,af Housine Wad Liroan fsrvedDpment,
<br />or rnonthl?7 e.hargc (tan lic~z ~t rnnrrRakr FrzcurzrrzG'c~ rrerniurr. ±, a.. 'Ire case rttay Err;
<br />{ll) grousr3 rents. taxes, aasassmeztts, fee and artier hazard tnsarmrce premtums;
<br />i 11,I} mtarest or, Ydte nrste secured hzr~hy ;and
<br />tIV1 antor[i2atiorz of the prin. gal of said note.
<br />.Any deficiency in i3>a amount :,d ant such a~regate mratitltdti~ payzueet shall. welt>s made gDOd L•y the A4ort-
<br />gagor prior rn dxa due date of rho next sac! pavmeert, c.>>ssinute an event ai default under this rnartgaga. The
<br />;Ltaxtgagea rztay collect a "late charge ~ r;Dt t : seeceE ur tents (.t~} li,r rack dutlas t* 1 1 at each payment mare
<br />Than fzftaen t 1 ?) :gays sr arrears to ever the azua expen~ mvtsdr~ed in sumdiing delinquent frapnten2s_
<br />:3. Thak if #lte total Df the pavmenG~ erode Ity the Slorsga,eor ender rr,t of paragraph '~ pn>ct•ding shat] exceed
<br />the s3attrrunr. rsf pavtnrnt,: actuaSiy madtit tzy the ~dnrt„a}*ee Far ~=rmznd rents, tstxe ~ antl tr.~4 =~ment:. or insurance pre-
<br />mium. a: the case tnar~ bet, much excess. of the hrrtn tc current, at d.e optum of the h9ortgalwr. shalC he credited bye
<br />the 3lort=~a~ee ern -uh~ryuent t>ayroerti- tx> h<• m.,d l;r zize lleartkaLt,r. „r refundev! 4,r the 4lrtrte:tg,Dr. If, hnwever. the:
<br />Rx:#rthty patiment;+ made by the 4lcyrig.igor under ~, ~> par:tgralah _' precedtn¢ shaid rtctt ire tafficzent to par' ground
<br />reett,. [-extra and ta~-~ _mr•nks ire rnc+urune<t prennuznr-. s~:~ +hc r=itiE• ma} bas whin the ~unre =hail Leeutne due and pay-
<br />, able. 2hcn 13le ~~lnrslt's~or -naafi pay to the hh;rigagre trey _zmaunt. neeea~an~ tAt molter ulr the deSieieney. on or befDre
<br />the dale w`Zrrn pttx°metrt „i :.rtt•lt trnrunit mn!.:, taxa ..t-e.-;ment< or insurance premium- ~ttald ire due. If ai znr
<br />iinrc slur ~3trr[~arar witail r-tinder to the ~4ortzaga•e. in arr:,rdunce ;cith the prrrtit="ton4 crk the nntu =cHcured hcrebr`.
<br />ful! pavtnent taf the relator irtde•btednt•s; tepee-enartl thr~rehv, fht• y}rtrt taarte <hali, itt r.rmputtng ihr amaurtt of such
<br />indabtc°dnctss, credit to the account c,f tfK ti4Dt2~tgcx a[4 pan snc~~tts m.~e under t^,'te (xort~aorts of ! ~.~ of paragraph
<br />trerecif Nhickt thcr hiurigagee h<zri not ht~r;m:- e,lydr?ut<~tld to diet i+. the r+ei~retart of iiou-int _ntl f rhtuz t)eveeopment
<br />r and amp lxatant~a rt rnaining an t3rt• fund-s :arrunsulau~d under the prDti-ions of r •~; lei lsarar<raph_' hereof, If there
<br />~hdU lu a drfau~ic under stnc nt tip prrrtt~zon~ of tlri- morts.a.gt• rr~s:ufting en .t public =ale o#` Ute prrmise5 cucerc~d
<br />#ten:by, ur if ihr' 4§r'+tri>uger uer~utr[rs the propr•rtr usharwa,~w atttar cizrfauit. thc• ti3ortnstgc~r• -hztll :+ppir. at the times of
<br />the comsnenc-ement (rf su¢-h prttrredinH*-, ur .zt :.ire trnt€ tttc property a~ ettkrrr>a's~e acquired, the badctnre then remazin-
<br />ing in the f"and:, ucr~umulatxed under i; of pan~raph 2 prerredirt~- a: a credit 'ti;ainst t}to amnunt at principal then
<br />r<•m~aindng uttpatd undox paid note. and ,:dur[I prope•riy ea9~ts2 arty pay-m+3ntti t+hic h ~huH hxrF item n=yde under Fir;
<br />of par~«rolph :.?.
<br />K That the rte>rt¢,°3ga, wild ~„s grru;n.; rrms.. ;area. assea.nrrnss. ~~.star razen, and other gavrrnmental ur rnunictpnl
<br />changes. i5ne,, <;r irnpa.~ttnatra, t_sr w-ttieh pivatri~rn ita± rut barn n~dr trerrinheftrre. z n.! in def:rutt thereof the 4tortgagce ma}~
<br />pay the same, attd that the htDrt~ac;cir will dtr.tip2l'y drNcer tPre utlz~ t.:"rrt~apts thrxrfctr tv ttte ?vl<rrt~tgar,
<br />T'hc titnre~agor ~hzdi pixy ,l t.,xc~, -' nsth rnaar~ he det•iet! a:pon the Mi ,rtgageea Rrittrest m said real estzar aad trnprdva-
<br />ancnts, an~1 a Inch snav F>a %tiad upon'„~" me rtuage t,r t'~e det?t sacumri irereby~ that and}~ sa the extent chat such zs not pr~thehit-
<br />cd }'Y law° and a>ni}' is the rztent that ,.., F u -P! ttar! rnakt this iKtnn usurious;. t<ut excluding any zncomr tali, :wrote iu 1'adera?.
<br />.rapcrsrdarz Mzartga~!er. _and r:~id1 S}ie t ~c ~ st;. ,ai ~ carat ahow'ingssfch pa+,°mcnt w~zth the A2ortgagee. (.'pxan w~iNiation vi this uniiir-
<br />taking, arr if tl'ra ti4erilagerr x. yr<af Date..: a;. a . #Tew nc>u cr hertaftcr aazstixrh'.rtttn pa}~rng [he whale +?r any portion of the ad'ore-
<br />card fates, or afire the rarr;iering art anti ctxuri decree prT,hrbitinR the payzntm hr~ iha yicrrt3;agar fir ant- ydch [axes, ar if szzch dew
<br />e+r det'ree psit kdes thu sny ,;znitunt ,a ,.~.! by the ,'.tart~al„ctr <.het? he c redncd ;>r. rite tnoriy;aga debt. the ~forttagee:hail h<za
<br />ihe~ rig,'xt tat give nitraty Cutis~' wzttten rtltice to the awne~r ut the n,ort~.aged prenri5ra. reyairing tftr pasvmant tti the mcxtga~e
<br />delft. !t such exotica t?r gi'.en, ihr void debt snai3 ?*eta±zne dur. payable and cc tlrcuhte oat. lire rxpiratic:tt of sold nine!) dayr.
<br />is. `f7tat rhould be toed to pay nay sum or keep am ~ n~ anent provided for sn this'+tortgage. than the R4on~.ay:er. at izs op-
<br />. rind, neae pay err gesfDrm the ,erne, and adi axpanditures sD naat#e shard he added to the principal sum ou lag <.m the above note.
<br />shall { r ;tucrd herafty. aracJ shal# t gar intrust at [he r,te .ct forth m the ~:aid ni,tr. a;nni p<ici
<br />'. That he heret+s a,siyns. t~ansfers and ads over to tttr !~tort~agee, t<, he .applied ieiwazd thi: n~ty rr.ent csi the n,rite nd all
<br />tium4 •;<cT,=cd 1=ereby~ in cast df ;, t3ei quit in t;ae parfattmtnce :rf any- of ihr trans and . onditionti of this blortgsge err the said
<br />^c e, alt'he rants, t'erenura ;zed i ~;,irta to he dcnve~ fee>nr the mortgaged pretr3zsas ddrtng such t~mr as the mar€gage indr',+ztrd-
<br />re, h ::i r<;rn 7rr unpasc9; aeroni nc~ ",,rtgar'te shill ha-t-c pcx><<ar tt,sppirirrt one went <r agent> st Wray dealer fc)r the purpose erf
<br />r.r ~ ~.;t .: premises snd ~.:' r+•:,ti~;e. the sorer ~drd ed#ltetrng. the rents. revenue. and income.:;nd it seat- pa}~ out tiff sand in-
<br />e r to :s:; ea,'mrfcas` arY r Pair;;tr c:rsci rraanises tintL nzcecsary cttmmrs=_ions .red expemes incurred in renting and managing the
<br />s:cnsa sec ;ii~ctiag ..,r :;::.n _'ratm: ter ~ar~incr ternainin~ sf am=, tic f+a: appltcd toward dtze drscharCe irf said mDrtgxgz
<br />:ndebkedsrc,.
<br />' n. ;had ,~ c,~ill keep [}Ye it'nf~ >•e Warts, ncaw rxtstixtg cx irate hffx:r efeitra ocr tier m.,rtf:,:aged }rezperty~, ertwred as Wray be
<br />. ~ _ .ca , -•,r•o s~nra tit a,.nre >„ tsac )t.vripst*ec st~tins[ dos ! r ?ire and ether M:etarua. 4.r<aaitrca xnd ;citttzngeticits zr..;atih
<br />dr r n rt, : nut ~ each pericxfs as dray re r~-yuzred 6y the ~'+4or~agrr and wu. pay ,>remptdy ..-hen dur.: ra~ punziurns tron rurh
<br />a,,;~a .~: ;' ,can F.~t p;rrnornt ~l.ach d:.,- riot heart nc.;w cicretnbefore- -lli sa~t,r.A,rea +:t31i ht .; tried in a:c<tngaaie~s zap.
<br />. _. h: ~r a r : .re .,act =hr , .:ar. .,~ ~ ~-cert. _xl5 ihrra,i .hula %+e herd i*r the, .r : i nr,i navy ~rttachad therattt r<?sr,
<br />_.e ..l_, ..;::~ ~ .. .....out „n;i to .~_.. , tah'e to t}ar Atoa:~agr'e- as; reset t i,t ian,'Aon~:,e•K +s~i gzsr amntadiaie nohcc hy~
<br />st a i s,. rPtc 4 o,s.;kee ~. ~ :;~. ~ _ prt.~ ., . iF Hitt utada ;trompr'v t•r ~4ot7i*;tgvr, and t.,c h insur.i raa rc+tnneny ietn~
<br />a i e r ,_ ~t~ . i + ,.4 paFmrnt tvz start +sa ti rt lit t~_ 2hc ~lrrrtiya~ , ad t s n the ~4tsr+i,~auor
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