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<br />{ 2 }month prior to its due dace the annual mangage insurance prcrnium in order to provide such holder
<br />wialF-ftmds tc: pay such premiuFn to the Secretary of Housing and Urban Development pursumnt to the
<br />Naxianal Housing Atx, as amended, and applitattle iteguiatians thereunder; or
<br />(il} if and sa tang as said note aF even date and tells insxrutnena are held by the Secretary of Housing and
<br />Urban Derrelaprtaent, a montttty ci#azge (ire lieu of a morrgag€ insurance {3remium~ which shall be in an
<br />amount equal to one-twelfth (1?l2} at one-half (21"2} per cenuur, of the average uutstandFng balance
<br />due an the note computed without taking into account delinquencies ar prepayments;
<br />(h} h ram egtaal to the gtaamd retFts; if any, next due. plus the premiums that will next become due and payable an
<br />polities of fare and other t#azaxd instsiance covey#ng the mortgaged property, plus taxes and assessments next due
<br />an Lhp moatgaged property fait as esrimarecl by~ rhr hfort,¢agee{ Tess all runts airead_y paid therefor divided by the
<br />number of mouths to elapst before one month prior to the date when such ground cents, pcetvriums, taxes. and
<br />assessments wilt became delinquent, such sunxs to be held by Mortgagee in trust to pay said ground rents, pre-
<br />miums. taxes and special assessments; and
<br />(e} All payments tttentianed in zhe two preceding subsections of this paragraph and all payments zo be made under
<br />the Hate related hereby shall be added together, and the aggregate amount thereof shall he paid by the tvioRgagar
<br />each month in a single payment to he applied by the 4ortgagee to tEte following items in the. order set forth:
<br />(t} premium charges under the contract of instuance wnh the secretary of Housing and Urban levelopment,
<br />or n'tanthly charge frn lieu nJ mc7rt~age utsurtmce premium). es the case Wray be;
<br />{li) ground tents, taxes, assessments. fire and other hazard insurance premiums:
<br />f Ill} inteaesT on the Hole secured hereby; and
<br />(l~f} amarxization of the principal of said note.
<br />~#ny de#iciency in the amtmunt of any sue-h aggregate monthly payment sh,t't, unw:.s rnadc good by the Mart
<br />gager prior to fire due dots ot" the next such pay°tnent. t<na;tsaue an event of dciauit under this mc7tgage- The
<br />Mortec nmy Collect a `gate ctrarge" not t,a exceed # )s:r rents i~rtl for code dollar ($i) of each pay7ttent mare
<br />than fifteen (l ~) Nays it arrears ti> cover tits extra expense involved rn Etandting dc!inquenk payments.
<br />;3. 'l1Fat if ttae tout4 of the paymertt~ made b}~ the ~iortgatxar under : ~! of paragraphr '~ preceding shall exceed
<br />trite amonnof payment. aetuai'ly made by rhr 4la,Rga{tee for nrtwnd nmt~. taxe and at==e~- -menus or insurance pro-
<br />miurns•, as the t•~~e may bts- aaath excess. tf the tca<vt 7S cti7rrenr. at tnc npaion a# the yiartgagor. stroll be credited by
<br />thF> ~lartga~ee an ~:utst<.-quena pa~•ment~ + a he . arc '> he ~F=art zgsrr. ,e ==ftu:ds ., .E:ct tto*tga2tar Ef, hrawever, the
<br />nranthly payments trtade tx~ tlae Mlnrtgagsu under : r ut paragraph .: [?rursitng shaiE trot tx tiuffieiena to pay ground
<br />rant. tacos turd uaaessmeaat.~ err insurance prom#um;=, an Fhe rahN ma} err- when tha± ^.ame ShaE E became due and pay-
<br />atrle, tlFCn ilea llartgatxor *hall pay tsa rhr liortcaarsr anti aFnuunt nece=•;an to mai;e up Fttt: defioiency, un or bofore
<br />the Fixate syiten payment of ;=tsch t;raunFi rent 1:cxtt s .*~-menu tar tn~urtmr:• pn•snium~ -hail bs= -' e--, if at env
<br />aimr the 4laxt„spar shall tender to the 14art~*a^t*r. ,n acs an#ancc• wit#t the prnx7~7an.- ,tf the Hate .tirured hereby,
<br />full payment ref fhe entire indehtt•xMe== rrprn-rntrd ttFFambt, than 'tiaR a=„r+~'-~hx1}. en rtrmpuiinpr tho amount of such
<br />ietdcl+tedncss, credit to the atcswnF of rhr ~t;xr,gsgcrr .x17 Ss.F~nac-rats an:uie under tits proarsions <ri 'u! of p~ttagraph'
<br />F7cre>,crf wtFieh ittF; 3ksrt.,~agir ha- nut lrc•rnmr ntsli;;strd ta7 pa+ ut rhr `ecrrta#rv <tf 1#ousing _nd l'rtaan 1}esefotmtent
<br />andany balance• remaittink an rhr funvh-~ :cs•t-7ame7iata-d unda~r ~o prnt~t~7uu~ of ~ nF psrsts±raph °~ hs rc•rrf. df tttero
<br />shall ire m default un~'r env of tha• pttrrr~t+3n~ rat' thin :nears , ~ r -ui#7nc to a puh#ic sals~ of the premises roycrerd
<br />hereby, ur if [ho ~trt~+rs*a 7+a;yuerru t}te pmprrtg ,•Fher~S~ ,••r d, t:FU3t. [lee liortxatare ~haEl appl}. at the time c7f
<br />t#rr cammrnc•~~e+rnt of . unh proceedtn~-. ut aF thk stmt rhr p~ rp«rrss :- «thkrte3-s• ~x•quired, ttrr haisnce then rt>main-
<br />in~ in rhr Funds aerumulaaeri under ,+; ,3f par:rg.rapi: _' urscrd7nL, a.~ n crc=die at*,ain,t the amount of prins•ipal then
<br />remainin{± unpaid Lander -aid Dare. srsi -hall ;truper'tc auiju~t arav t3:xvments which shall have hewn ntadr under l al
<br />of parat;rrsph "_'.
<br />That the >atartgag.)r ~.i3; pas zror7nd rcnto. taxes. asrwsntent+,. u~rtar rute,.:mti utheF ^uvernmentai or munacipa;
<br />crharges. $r~s.:)r ienpe`utkans, for which pn+tu7t)n it;r~ Hat t~rera made neFetnfiotate.. nJ in detautt thereof tEre h9ctrtgal,ee rr,ay
<br />€`ty the s«smc: and chat the '+•Yoraga~ur w ui prtratpttp deta~et zhe oi37 uaf receFpi the__*efo to the dfortgaC;ea.
<br />`- .2 S.is>R¢'a~c~r wrH peg s Sl .enc. sprat nlay t+e Eev7ed uax+n the Rtutt{.rger^'s utterext to said real e,tat.e and tntprave-
<br />ments, and w hick Wray tx yevicd upon t'tus 7nrar[gage ex the debt ,enured hereby that only ru the enterer than such is not prcThihit-
<br />ed t+v Saw tend smEy~ to the extern that sus-Et tcri' not rrtcke aha 6:*an usunau«, tfut ex~fuding env tncume tux. Slate rnFederal-
<br />im~•,a, d tan ~lart~iee, and viii flee the xafic+:a receipt }bow mg such payment wsth the tiisxtgalee L!por, vialatian of th7s under-
<br />t:.l. r a. ~ s of xhe A9oRg:xgiar is prahrf:atetl by~ any lxtx~ now ur heresfteF er~esting fire>ct paying fete whale ur any ponian of the ;#fore-
<br />s,ue, t. xex, ear upon rhr rendcnng of any ce?ztrt ueeree prottit+iting the payntcnt tse~ the Mortg;:gor ur any lath texas, ut tf such taw
<br />nr rietr7ee pCOSFdes t11aF ant :3PT#l'SFm# ti+1 pSrSj by StYf '.~"#<37"!~>,a$UF 'n«~ili 1?C Cr(<d12tt7 Pre thf ?n()Rp*d$C d2E'Ik. the ~tU~rt,~,,ft~YE Shalt tiaVC
<br />tllc rtgtit t0 gtic nrraetl ~.i,+s 'ET #tL'n illd@ti:C tQ Fht' irw lSCr s tEIC fllarFgiF~CU prCil:llt'S. (C(iF13r711E. CE7C paYmCni f/f tEll Ynlirl(L'dt?C
<br />debt tf suth notice be given, the sad debt ahnit become rise p,tgabie and c {ieCtibie at the expiration s7f said ninety da4 s.
<br />CL Thai. s3FOUkE he tail to pay an}' sutra air keep any cow~n=tnt pru~.tidCd far itt thin hlongage, then the Mortgagee. at yes c)p-
<br />dcm,may pat err Viexform ttte sartFe_ and alt expeuditures ,a nxade s#tatt be edded to rite principal sum cawing an ttte above Hate.
<br />shall rx,eeured lxerrba and shall bear irtterear at the ~ ~ et f girth in the sa:w Dort. unitl p~siti_
<br />". 3 hat he hereby 5~sigft?. tzansfers and sets , <r ~, u,c 4foRKagez, t. bz applied owacd the paynss:nt of the note and ail
<br />,, actuted t:e-~b~ 7n of a deSa'vtt rn the .~ri r n,c , ~t na .x; the terrn5 and conditions tzf this Asortga4e a the is:ia
<br />note. aiixitetents-:~ xenu,.:._:dern:+smc t~ ~ der.aetl . .ca the rat>Rgaged prennscs dunng such t7me es the rr<tRgage Fndehtecl-
<br />nz.. shi2t! rem-in itnn si„ *znd t`t~ ?~4nttg`.rgec sh .!~~ ha, e p<sweF to appai~nF ang agent ur asents n ma} ricrac fa r the purpose of
<br />r pa, t K .3s ~ in. ~=r n ` ~ntinp, zhe sane ansi s7~ .,rag the rents. r:•kunues and income. and it n7 ~~ ~ of saau in-
<br />,. rtt~, t;ll ea _u :y ,d r_, ~+,~ing ,ctici premtstk :+nd ne44 •a: y rornm7sniassts attxi expenses tncurted 7n rent, n, mti r!an:~n~r#a~
<br />a.T,r end et _,?ir:_ r~~tt<.;s ~~trrefrom; t#ta }r,,i,nce rernaininq, if any. to E-re apptned te~ward the dschartxe of satdrncxtgage
<br />~ to Na
<br />v..~ rrr .r.?^,-~aetnerat, o<ua esis#ing c?r hereafter erc~ted :;n the *reot~tgaged propeFtg°. tnsure~d a~ rnav be
<br />t _yuarad ire t d;cc t. ,.~r~< 1>y ,E:~~ `>go7tga c. ;r~:,:nst loss cy Ease ansf at her 3s~zaed5 , zsua7trt..:nd c<*nemgensrc.~ ir+ sueia
<br />ar,,,,,,, ;~ y p,.rFf. _ m:r, Fie r ^u~,xc:3 f±v rhr ltfgRtta~eeand w hE pay preT7npNy. wtretr due. an: premiums rest xuch
<br />a,_an_: ; >, 1 r--}. r, i -t t ~ . s~~:: x r,ch ;a ,.,. trot been msrdc hereinfxrrt a ,tiura3a<e Shsli !)e >~.arncd rn rcrnxpan:es alp.
<br />~:•:£ roc i:r ytr~rtF~r.i :::~;5 t1 _ ; ,r~u~ • ; .~ ren;uuls thn's+;ir,'` sh:.,• be Sri .~t s~r,e ifagtCe and Etavc.tttacb~°d thcrahe bins
<br />,e .,; , , ;:.,:, :.. - , 7n¢l .e 7v the 44crtg:~cce. l:' event t,~s .v,yrtgagur w i@? gins trtttnediate nutice b;,
<br />~ lab ~::ur ri
<br />~, tn~ xr r ~tL ~ hsy !.r o: I , r t rr: s7T;[: 7 t `-turt~6gan', and each ,n~surattce s'an pane ,:en-
<br />RC ~ t'C 4 tip ~ nu t t t ,b tent ..>P I 1 ~. i ~ L tFt r.ae yi:%rt,[,,'Y~,!CC e.ld C7i Lis rttc` Ott fiC~,d~ar
<br />.,.~, z ± ,,aze,r,.w.~a a.>,4;ha .)r,;es- ~ -.. ,r.r,:pr., _hrr~~aL n_,y~ap#1redtxpthe~4c..r_*.wgee€rtrr4upafun:~7thrd'
<br />t ,e , •+ t.. ~ 7r~ inr t .~s a th ~• tr ~-,. < rr ^atr a€ the C`~ aprrs d ;cd tar rt of fnrcaitr_
<br />t:.x - b - .;-, .*,cr : ! t l.e .. ie , r i»a.r.; , ,c rt • on ~ ~ rs~xsh.rce:rt ,)f the 7 :rd . nc..ar~a3 hereby.
<br />s ~ ~ ., r ~;~ ., ,~.. ,r<~. _- ,d r,,, r.,, ~.. Fsnfcrrcc h ,, p. , ,, zr•cr.
<br />. ,~~t .:5_lr .,. t.t - .`: I -11t ~..[~ i534f `~ e 13n 74 7e1S
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<br />L, :i 1 ,~ 5.. ''t - i':`. ,CCv ES. . yu4[,7.~ ...~"7C
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