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<br />(1) manfh pdnr to izs due date- the snafus! marigage insurance. premium in arder to provide suefa holder
<br />with funds. to pay such premium to We Secretary of Housing and Urban. Devetopmenz pursuant to the
<br />Nations! Housing Act, as amended, and apphtablc Regulahans thereunder; or
<br />(f1) I£ and so long as said Hate of even date and dais instnzmem are held by the Secretary of !lousing and
<br />(,€rban ;ihro`elopntent, amonthly :charge fin. tfeu cif a rnvrtgare rnsumnce premium/ which sha13 be in am
<br />amoune equal to one-twelfth (tfi3) a€ erne-half (1/mil per centum of the average outstanding balance
<br />due on the pate computed without taking infra account delinquencies or prepaymenu;
<br />(b) z1 snm equal to Ehe ground rents,. if am•, next due, plus the premiums that wilt next become due and payable on
<br />policies of fire and ether hazard insurance covering the mortgaged praperta, plus taxes and assessments next due
<br />an ilia mortgaged property (at! ¢s esri-snared by the :bfcirrg¢gex! less all sums alacady paid theretar divided by the
<br />ntTmbcr of months Io elapse before ozte month prior to the date when such. ground rents, premiums, tastes and
<br />assessments will ??eeame delinquent, such sutns to ba held by Otoaeagee in trust to pay said Bound rents, pre
<br />miums. taxes and special assessments; and
<br />(c) All payments mentioned in the two peeceding subsections of this paragraph and ail payments to be made under
<br />the note secured heretry shall be added together, and tfte arrgregate amerunt theretaf shat! he paid by tltc Rfurtgagor
<br />each. month in a single payment to be applied by the ~Sort¢altce to the tz?Ilawmg Hems in the arder set forth:
<br />(tj premium charges under the contract of insurance with flit Secretary of Housing and Cuban fkvelopment,
<br />ar tnonthh.• charge (in lieu <:~ rnnrrg¢Re insurnnce premizrnt?. as the ease may be;
<br />if3) ground rents, taxes., assessments, .ire and utlaer ha..azd irsurancc prennuens:
<br />([lI) interest on the Hate secured hereby; and
<br />(I1~') amortization ot` the principal of said note.
<br />Any der%iency m the amount of any such aTgregate ntanrh y r:ayntent shall. unless ,rtadc good by the Mort-
<br />gagor prior to the due date of the next such pay-nrent. ctuisutute art e?*enz of default under this mortgage. The
<br />Morzgagee may caiiecr a '-late thecae" net to ex' red <.nur cents (~¢} for each dpi}ar (S l l of each payment morn
<br />tftan ftfteen (151 d„x s tit arrears zo . eav~er the extra expense mvaEved in hazttiling deiitaquent uay°ments.
<br />,. That if the fora! of the paymem.;~ made by the dhsrtgah•nr under a ~ % of paragraph 2 prrreeling --hall escecd
<br />tkae anannnt of payments zu-foully mado by flier 19origa~ee fax t'rtrund rent, tase±~ .md a sae-s~menls or insurance per
<br />miums,, as the case may ham, wriz excess, rf the loan is current, ae the opoun of zhe Sltxigagur. shat! be credited bg
<br />flit Vt4trt~a~ee rm ~uhrzr=qux^raa firay°ment.4 to tar made by the liarzirr~ov. or re Funded to th:• ifrartf*a~ar_ IP. horcover. the
<br />monthly paymc*nts nra>}e by the Vtrxrgtgtix under ~'~ al p:aragrttph _' preccgitnG shall nut itc sufficient ro teen- gtaunci
<br />rcrrt, taxu~ and a.•measmtnta zrr it>w~ltrance prenrium.~, :c. tltti ra:^,c may be. alien Uac .amen shall become due and pay-
<br />able, then the V#ortgfl~Sxt ~hafl pay W the ~lnrt~ago~r assay amamtt nrce~~ars to maAt~ up the di°ficiencv. nn ar before
<br />ihe~ date when patyment ref ~unh ,nrund rents, taxes., : sessmenu or insurance premiums hall tx* due:.. 1[ at any
<br />time the. i~ktrtga,~rrr -hall tender to the Vlartga}tee, in at•raardanre with the pros i:~sun- of Y'he zuric ~a?a,:nrrti hembv.
<br />full payment of the entire indubtetlnrs= caper=r^ntrd thereby • ihr Vkert~attt•a• shall. In r; omputinr* Ehr amount of suh~h
<br />indel?texlrtr+~;, credit ra the acccwnt cif the Vfartgagor rli '}+uylrrcnrs erratic antler the pruvitiruns of t,ti ut pantgrupla 2
<br />hereof which the liart}Cx>,+ee has not htyrrmrt +.hli>~azrrd to pay 1rz the "+rcmtan of tluu~intt ._nd i`rb:ur LVevelogcnt
<br />tend wry 3latante rrmaintr>u in then fiuadr at'cumu!ated tinder rho ttro+~ i=tom of '-; of parnp;ntph ~' hennri. 1(tlreve
<br />shall be a deJauit tinder ~v lsf the peacisitrn4 of Tht~ mort~:;fir rr-rdtirt~ rn a public ~alr of flier premiere- caverrd
<br />here#ay', ur if flee Vlttrt~ra}ee Atcquirr•: the pnlprrty uthr•r..i-r' after doftntlt, zlle 1furt;tuget -ha31 app}y. st the timte of
<br />6he t•nmmeneemeni <rf loch prins>.vlint;'«, or at Fhe time the property i~ txherssi-r ace{uirrd. the. bal.mcc iheo cemaim
<br />ing in the funds arrumularr~d under r `~i of para{;r:zph `.'. lrrt•rrdaae m_, a t rrdit warn:-t the amount of prineipa} tht•n
<br />rrmaininf* unpaid sunder weld note, ,wd >hztli In~up+rrly adjust any 1?aymr~nt~ a.hich ,hail hnxe horn made under in!
<br />of paragraph '?,
<br />4, That the 3furt+r ~..li p::} yraund <enrs. taae:,..mycsmerns. water ratee, and ether gve'ernmenrtl or munlcipai
<br />charges, fines, ter rmpasita ~: cr uhrrh prt>sl,iun has nc?t i+acn anatie herrittbefnre. and m de(auit tharet,t the VArxrgagee may
<br />lwy tfw came', and thaz the ti.ong;:cvr wt!! pratnpziy dehr~es the oihcial recripte therefor u. the V3artgagee.
<br />.:. 'The $furrttzrge?r wet pass all tsars which may be levied rapr,tn zhc lilt?r(g::y,ee", nnterest ni .kid .eat eeY.utc :,nd tmprove-
<br />tnentti.and whis:h may' he in tMd upon this raortgagr r»r the debt cer.'ure6 hereby !;?ur crttl9 to the extent the[ such rs net prohibh-
<br />ed b} iaa• and only to the cxterH that such will rmt :nuke tits- !~rtrn usurlou+i. but exdading any ina,me tax, State r?r Federal.
<br />irn(asrsed ern Mnrtgsgee. and wilt nle Fhe rtTCra1 re.zipt.~howt~ne >uch payment with acre Viurtgagec. l't+an vzattnian of zhrs under..
<br />takirog, nr if the hittrtgagar b prattihized by .any la u' repo or h~ . e.:frte c resting frarn pa y mg the whole »,r :any ptlrzian of ilia afare-
<br />said teses. ar upurs tlrt rendering cif any tours decroe prohDi~;uop Elie payment 3r}= hr 'vfiarzgtgar ar any suwh [sxe5. ter if .nth Iuw
<br />ar decree ttrovities that :mq amount xr paid t+y the 4t„ .~ t, r ~ ~:.El tx~ crrdiU:d un the motlfeage ii~ebL the nAortgas;e~ shuCd hays.
<br />the right is give ninePp dal- vyritlar+ notice to Yht ournc: a1 tfre murtg¢,ged premises. rotiruirittg the ikrprmeot of the mortgage
<br />deter, if kU#€ M)tn:e l!C given. the Kaiti ileltt 51}at{ bC4l?mC,taC. payalllCsnd Ciftletiflhlc• ar fief" Cxpiriltran t5f aatd nmCtL' llxiy~
<br />f,. Thar should he fai3 hr pct}' any sum ar keaF angaoct-rtancpractdxd fr>r m th6e Vlurtgage. then Che Itiortgas;ee, crt it. ap.
<br />flan. trtay parser perform the.+ame, and a°€1 expEnditures xo made shalt be added tt> the principal ;unr c+wing azt the above note,
<br />shall hr ,v Lcred lcerclec. and >fettl bens interest as the rats set frrrah to the said note_ until paid'.
<br />". -[hat roc hereby .;:, styes. mmsfers and set. over m the ;ylurz~gae, to tee applied !award the pa• 'sent ut the Hate snd sII
<br />.um, ..:urefi !^erehe in c.ese of a u€fault is t}te pcrtarnzanoe .>f amy c,P the term= an3 c,?ndition.• t,f this Mon~ege ar rtae laic
<br />nutC..aL the rear. re: macs : ud inc~mc to be deeiveti frtrm the ntongaf;ed prere,rs%s during such time as the mortgage indebted
<br />tees, ,:zal' reittuir unF:asc, env rho. ~t,rrtee <hall hsve pzrwcr ire appoint atnti agent t,r atcnts it may deYire fire the purpose of
<br />tcpu +.~g ,.,s i ; c tr,~+r: ;snd of reratrr tg the same 'snd collecting the rents, revenues and inurtnr. tend it Wray p;ty .'rut of said in-
<br />~timc; ai( eiF,rr.;~.:,Y repatrutg .viii prezaaiccs and nezessrn~ a>rmmis>iaas ansi expen<_es incurred. in rentzng and managing the
<br />-sine :,d ,.t v,- Bening rentals therefrom: the balance remaining, if any, ro be spptied reward the alisc.harge of yard mortgage
<br />irtl:ectcdnc,
<br />hz:~ar - ;Seep the int}x4?vtmenis nou~ exi3ting tar h2re~uiter erected ten the :n+.xtg.xt;ed prviperty~, inzuret9 as msy tre~
<br />-t;, „n ,
<br />:ncU `: +rc ~ ~,.~~ ens tFtc lvttarttztg?:e agettactlat.s ~~ fire and t.tlaer hazards, caxuealtics and ~oniingcncica in such
<br />,inn t 1s .4n;i !~ r :c~Pa ~,er~t n~ ie nezt 3?e rego=cart f+•, flee A n,.r.,gee a>td wit! pcv pranTl?dy. when due, .rny pr; mwms fret suc#r
<br />r.:nr ;.»... t. .. i .-, , :.ant Ut ~hicit ltes not ^ern r: . ;;.. lle~~inirefure. .All snsura.rxe chat! ne carried itr a»nrpanr`c> ap.
<br />.~. ed ny doe 9t a L:_,.t.,< :d tare r+cirder :aced renew a?c the .;~::_i- t,+^. halal by the '~ortgagee as?d have :tttashed thereto lass
<br />=sy:...c .::+usc• n 1 :~ or ,t :t:nl itr b»rni ,.,r:l ~rhic „ ?,t rY_ag~r: in t <:nr of 1, ~„ Mnrzp~~gar t+~ilt give innnediatc ntrticr by
<br />rre;»il r , 4.".e s4ort~.,,.< ,,`+t moy =,r;,k _,.. ~r;. r ~„ ..~ t* ti-.- by t1<rt7,, _~ rand e~e€h fnsuranas aampuny can-
<br />,unC! t F=cxM -d^te, n ~l~,. , :;d ju t_rt.J L. m ~l p: ,.r~c.n t . _ . ~: t-ct;i~.., a:, ,r..,„t~ L~.,[ead at ,tt tlse 4~fitartgagwr
<br />;rK9 it.. >=4cayrakre ~:rinri:, anu flit in. rnrmc pct te.dc, t,. 3 , f.v there nay ~ i, d '^~. tit `.1,trtxa.Xei :At its option either
<br />r„ fh< xtu<n<rn <: t t indr.c•J.,r`-s he. '~} ,cca.itd ,- t, fn, •..~ti r - „ .-r rrvr _. _.,. care. In cve.t. o: ,nr~ec7u..
<br />:ie .. rar,..,.~ r•r eat ~ .,f. . !rt•. ,. 4.~D ...tr.?. .t : t _ ,edrtc~-..~,.,~<d hereby.
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