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<br />f 1) month prior to its due date the annual mortgage insurance premium in order to provide such balder
<br />wish funds to pay such prernimn to the Secretary of Hvusrng and Urban [3evetopment pursuant to the
<br />National Housing Act, as amended. and applicable Regulations thereunder; or
<br />(111 If and so sang as said note of even date and this instrument are held by the Secretary oI' Housing and
<br />Urban I~evelvpment, a monthly charge 1 in lieu :3J a mortgg4a^ rnsurance lrremiurrr 1 which shall he in an
<br />amount equal [o one-twelfth [ill?} of anc-half CI;21 cet centum of the average outstanding balance
<br />due on the note computed withoen taking into account delinquencies or prepayments;
<br />fb) A sum equal tv the ground rents, if any, next due, plus the }xemiums that will next hecorne due and payab}e an
<br />pol}ties of fire and Dater hazard insurance caverirg the mortgaged property, phts taxes and axsessments next due
<br />on the mortgaged property /all as ~•srirna:~cri h?• the :Ntrrts=agca*1 less all sums already paid therefor divided by the
<br />number of months to elapse befate anc month prior to the date when such ground rents, premiums, taxes and
<br />assessments wilt became detinquent, such sums to he held by ~tarteagee in trust to pay said ground rents, pre•
<br />ntiums, taxes and special assesanents; and
<br />(e) .411 pa~•ments mentioned in the two preceding subsecfivns of this paragraph and all payments to be made under
<br />the note secured hereby shall he added ttagerher, and the a~regate amount thereof shall be paid by rite ?4{vrtgagor
<br />each month to a sinvie paytaent to be applied h}= the Llortta¢ee to the frilkrwmg teems in the order set (oral:
<br />(1) premium chargss under tfie comract rrt insurance wuh rite $ecrctary of (lousing and Urban Derehi}anent.
<br />or monthly charge !in !clot of rnurleuee insurant~e {rrerrriuml, as rite case Wray fie;
<br />(131 ground rents, taxes, ackssments. 5re axed tether haa~rct insurance pmminms;
<br />%IIt} interest on the note scoured herefiy, and
<br />{IV) amortization of the prirerpa3 of sold nvt~.
<br />:any deficiency in the amount ut any such a~£regate rnrrtnhly payrncnt shall. r.nless made gaud by the M1ion-
<br />gagur prior tv the due date of ate next such p:eti ~a t constitute an gent vt default under this mtrtgagr. Fhe
<br />idurtgagee may cvtlect a "late charge" not to cx4ced i.wr cents t-ia) 3,~r each do0ar (~t1 of each payment store
<br />than fifteen (t S) tlat s in arrr:ars u? 4YSVCr the extra expense involved ut handli.ng delutquent payments.
<br />;3. That if the total of tfie pacmrnt~ made by rhr tlart[;aeoruuder,€.' of part~raph preceding :;hall exceed
<br />the. amount of papmentwr actually made by rhr 11onr;agor• for ~zound rent, snse~ and a ~r..,~mrnt.~ or inaurzmctl pnt-
<br />mium4. ate` the r t [~ may tin, ~urh exc:c~ss, tt the iuan t~ current tt titc rvpttun ~'# the '~tortgagur, ~lta[1 tee rred(ted by
<br />the ~lortt;agrr on ulracgarnt pa}•ment~, to hr made h} rhr ;fort r,r>r. err rrPirnded to rho ~tartgagor if, hovrrs~rr, the
<br />munthtt pagmtnL< made lay tlte'Atungagtx under ~:~ cv(} a+grceph j'rcrc+l[rru shads c he su(Iiamt to par' ,~+rcxrnd
<br />rent. taxes and .e acscmrnt.~ nr in~urancr Irr[maum-. r_ the c.~ r mat itr, slten the anus Shull become duff and paw
<br />able. then the. 1}urtgagtrr ->huil pay to Utr ltort~uut~.• :coy smauat nea-x•>-art to make up the rlr~ciensy, xn or beftarr
<br />rhr date when paymrnl ul much ground rent. taxt~-, a~~r-^--me^nt~ rvr an~urance pr+•mrum~ halt bc• due: 1f at, an)•
<br />t.imr the ~Inrtga};ar >hall ta~ruler to tfie ~trrnt,.aYre, to nr-a onlamr with the leer+. r-ions of the note ~ecuret4 ht*xF•hv.
<br />full parymernt of the rrttirr mdebu~lne~r- rt~}irc-r^ntr=d then•hs, the tlrrts;ax_. , ~h.tlt, tau ctrmputmt tht amount ut bitch
<br />inclehcc'':lnes, credit to the acatunt of the rdortga,g:vt ,ril travaociac _naclc anxlct ttt~ lurre,rtitcne, e i i v+f paraKrx~t .'.
<br />hereof" which tfic 1krnT;cytrr hay not bceom<• vArlrpxta•t = r,;rs ;+, shr^ ~-e~+t*t;xry ref lhvu~ttt~ .ntl i rbate llcvt~lu}intent
<br />tlutd sexy lralans•u mmulnttty; en the dundv arr-umtrt:aprd vrnda-s ih+~ ;rrsrsa-tort, of ' r ui lr:aru;trep!'+ ' hrrearl. If tha•rr
<br />shalt be a default under troy nl' the provi-run- ui alit- as,rrteap;+ r.~-u}tan!± :n a }vublic -atr• of the prrmtn[r.~ s•mrrt•d
<br />hera?b>, trt if [fide 4l[rr[t;a};ree ac•a}uirrs t(t.• property .,aa.•rwr-,• aft.a ,wfata}t_ the Vlun es*ou• hail =+}aply.:at the time ref
<br />rhr e~[en[rornc~°mnrtt rrl~ >nch }xor;erdinr,~, ur ;rx tl#u• nmr~ iler• trrNpE~rty :- +rthors.r* ~~ nr~qutra~u, the haVanee• iht~a rrrmain-
<br />roar tru they fond- a[ avmxtlated under ! !~ rri' }var,tl;raph _' Ire+~cvdirxt_ .+- .; rrvdit :era+"=t due amount of }arinctpul tJtrn
<br />rranainin~; unpait~l under -aid note, and 'y(tail rn~rperit .rdlu~r acs }raymc•aux- +t~hiclt haft h<ase been mxdr undr•r.r,rt
<br />of pu':y;raph '.
<br />t6,tt rhr. xtortr:,r,;;or yr-?lt Pe} grcatnd -est. ~_eu awsr+wr st,. aate~ r.rsr., an11 ether ::ro-ernmcruta{ ur rnanrcapa±
<br />,ah.argt.. tines. ~ rntt•,..rUUn.. for which pr:vctstern iu„ st.?t neert rnaa r .<c:cuthetr+re..rnri m 3ctatilt ti creof ihr, ~1aragagec map
<br />,vat tlt aa:rtC.: Jir Ir,~ 47r~rtgagxt well prom{A<r4c)rr-tr;ln rth: ur tr .has the i zee ttm•titcn tgag,w~c.
<br />+ t he bh rrp;ay,•r ,r rh r ae sit tot, whreh n,v „v- Ica is . up.rr, ih ~l,xtg lice , tnte're.t ar said t ~rt e•.t:xtu •:nd nnpr,n~e
<br />attcnr<, and :k be h they tx ..,s sa.d o}n.'vn thra rtterrtt,n~,:.ra the !c FU .ccana : hcretay +r,ar arty nv the cstem th.rt suc'n rs oat prohihii-
<br />ed b. ias+ .ta.i n s v. the crrteni tha3 welt wa,f n r av k the a+,xn r xs a r. fatal c•s.Iudsur ny rncurnr 7a.r, 5lxtr rri t-edaral.
<br />irttprrw;u an .?r1.ui}.ap,ce. and w zli the tha odtctal , c.cgvt .invw rnK urctr p.,, rnr.n, w nM the \Sut i _„~«. t._pun +, s?forte rr u(rhas undtr.
<br />t:akrng. Ur if rise tfurty„rgvat is prohiotted hp ant ~au nee err ttzreaftez rxr.une tnrnt papmg the e+ittrte t i =ny pa=.u n ai ine atoru-
<br />snid rases. r,t :upon ate rendering of say crruxl dr.rce t*trrhrbrutLg rhr p,r+:r,ent t+. tfic Flarwi,„° r+r.:nt +uttr tatie r of xrett law
<br />or decree pr~,erdea that am amount .o paid b} tktc Vii.>r;p: ~ r i .ri; ik :rcdwe,l ern the -:~.,r :c dory, the Mc?ng ~~e shall have
<br />tht right iu };isv nii:ziy iatis~ writierr n«tice t< the .rsr.ner r t-r, r-,<t ~ ;~d triemr>cs. readinng the payment of ihr mortgage
<br />debt if .r:ch n uc tk vie •o. the said debt shat! tv:a>rae due ~.rti.trlr at avlccui.iC st the c spi atiern of ,ard nisei v a ry..
<br />h T'htrt shooed tx fall to p.ry sus ,um rx keep .an; vim. ~ osr~ art tar rn this xfar gage. then the '.vlorte a c. r;t its op.
<br />tiun, may ~yy or {serft>rm the same, and a}t experuiStures ~, rxea.:r ~~?~ .. r.~ ;rdded to the principal sum awing on the abut e at1Hr.
<br />sha?! }.c +ec`urcd h rebp. and .luet(~ r uttr rca t t}yv r,+te i t: ~..hc • aid Wale a til pant.
<br />,. Tir<u he hertbc t~ssgsu, transfcv .end ut. cat Cr ti r ' ~ ~ rhr _, te? t?c app:.r~ txrward thv payment ,rf ttre~ n<rte and ati
<br />sums cccured hrrthx in La,; oI st del nett i~ tht pvtrrrat a ~=r . ~ al tits end eundrlaanr. of thrs ~9ortg r},c +rr the laid
<br />note, alt xha rents, revraue. crud iflc3„ae av oe durceJ trrrr,t the ... ;~.:a~.l p.x.mtseti durang suc,h~. time : s the nturll. tae indchted-
<br />hess shall rem un utpeaid' artd ttu~ bian~gcc malt ha e nt uu .; t tvt'tt ,nv ,gcat r r :gcn s it loco ~,rre ;or h. nurpc>e ref
<br />rep ru ng said p c nr5es end t` anttnt. ern want.. aro >1{e tt~}, he e>•e rnu an.t m r r ertd ri mat pat out .,: said in-
<br />come+all cxpcn>us of sparring solo premi.<es •vra.l n~cis.,,:r 4 .,ssua:, "un, u:ad vxpenscs loco( rtti in renung uuJ managing the
<br />,:tine and at cot(ec=dog ta~rttcts tlreralrarc the thilalaic rcmartuing_ if .tot. n? he aDp}led toward the dascharge.rf card msagage
<br />indchtcdraesa.
<br />h. 1hreE he wt31 keep the intpre»erne;tto trt+w exi,ron},, a tvs...:.rt t rrccitd on site Hui t~ kcti properly. insured as mat he
<br />rcqurtert favor time t<* time E+y th=` W vtga,gez a};aitnst to b. lire ud other ha srds, ca,aeltics tad contmgcncie, in vcrch
<br />aerirrun[a ettd f<?r suCh,perit'uty ;tS may he teyuncrJ hy~ Che ~IrrE}:.agee.rn4 will p r} ~;orrput. ~ltcn tiduc. r,n_} prsmrrurr> un ,vrWh
<br />iruurtn~ pet+ctsnt nr pa}ment v7f nhirh has nr~t men nx~rr#e hcremrr_fcre_ ~ t rasurarr h ~li Fv n rd in ~mtp:+nics a;v.
<br />pearcd fi) the, ~l ~ 4 c ~ the p s nta, and retsewats t(va cvf .bar u,a held tat the Moray,tecc and }a isc attact et thereto Iasi
<br />psynbtr cPauscs ~ r of ,ad in 3. ern ieptatile tv the ~loetg;tgcc .n :rent ,rl ;Des 9lortsagw m i : ar unmcUt at Harr .e b}
<br />atatilt.? rtes li_, «.c,._ ~+?r nxy nt..f. prarvf of iuan if not anaJs per>mptly ht t7aartgagat. ,xnd e-aclerus+.rartsu wr,tpany ur+t-
<br />tirrned ii hero , a Iho*., ~ r .,nd diresu+' to 1n,akC p.:}meat far .ui h "+ ,+ u'sxcc ,. to the lifer t},' y;ec iert.etid crf to the ~tarEgCt}rri
<br />and stir; Slr•: ir. ,,v ~~uoih . ~' i(a r r ~e~±E~ nrr •eri,, or ,ens }u_rt thereat, ntau >L trpplied trt tote skit rtkagcc at as upuou either
<br />t,r t1x. < ,.r,:'r. .. ,.,,. r~:r.. .e an<:. .,•4w~.•.'.. it to ,hc :estarataon err Set rr t,f the p c.ptr, r t9a~r:a},ctL h: cr cell ,r4' trrrrr,irr-
<br />xnr aC ~~ ._ f r-c;,t r~ th tort rd nlcnt, tt in ^xtn gue $ttrcn 1 t ec } nc# t tc.Sn :•~a a u+ed hcrcb:.
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<br />ofd , t•r .. _ , ..!,.~ y;,. ~ ,. .., . ._n~ n ti..;4. tfrec .a tr,rce cites {va to the put ::sta.,, . rKrattt„c•.
<br />r , - ~_;i , . ., _ .ens rsr tttc +pc+ie ca+>vr.ixa..rnd.ri? ,<u~u, t _r.e,.r duo under. t$a~
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<br />rev ,,.r `•+ r~ :, ~ r r.~rt re,v-au t tr a4 r~ht .. J a lira rums; t.• the
<br />#. ~ . _. , ,., sus, ~n.tr. xhe •=gt,t .., _,.c .trro :cr. c:~ t f, r tare asttr ~.nd ~ ,
<br />.:. .. ,.~ .he,~oraJxtl+, z:.,,r! E!. ,:,.s.:.;t.....ra;! c#'ra ltr rry„.r~ee r .re ,., r,: ,.~
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