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l }month. prior to its due date the annual mortgagz insurance premium in order to provide such holder
<br />wifh funds. to pay such premium to the Secretary of Housing. and t/rban pevebpment pursuant to the.
<br />Piationa7 Rousing Act, as amended, and applicable Regulations thereunder, or
<br />{II)- If and sa long as said note of evert date and this instrurnem are held by the Secretary of Housing and..
<br />Urttan.Dexelopment, a monthly:charge ../dn dieu nJa nrvrrgage insurance premium) which shall. be in an
<br />amount equal to one-twelfth (ItI3) of one-half {i/~) per ccntum of the average outstanding balance
<br />due nn the aoie cixnguted without taking into ai;count delinquencies or prenaytaents;
<br />~b7 A mist e;tual tct the ground tents, if any, nett due, plus the premiums that wil3 next. became due and payable nn
<br />police ~ 1 `'ire anti other hazard insurance covering the mortgaged property, plus takes and assessments next due
<br />on rite mortgaged progertz ia11 as eztimaled ~;t+ tfsc rh«rrgagee less all sums already paid therefor divided ray the
<br />number of months to elapse taefara one month grits to the. date when such ground rents, premiums, *.axes and
<br />assessments wilt becomC de#inquent, suc#t sums =.o be Reid by S.forgagce in trust to pay said ground rents, pre-
<br />tnitutis; taxes and special assessments; and
<br />fey Aff payments mentioned in the iu~o preceding subsections of this paragrapft and all payments tit he made under
<br />the note secured heretsy shall be adder# tagether, and the aggrtg*ate amount thereat'shall he paid by the Mortgagor
<br />'earth month in a single payment to be apaiied by dte Aiartgagee to the following items in ffie order set tortit:
<br />(h? premium charges under the contract of insurance with the Secretary e+s Housing and L?rbata t7evelopment:
<br />or rtonthly etargc %in lieu ;~j nurrtfiag€ irrsurancc° nrerniurn!, as Cite lax may be;
<br />tlEj gxaund rents, taxes. assessnseats, fire and tteher t:a~azd insurance premiums:
<br />ttt1,) tr~e>t cr. the note secured hcrtby; and
<br />({Vl atnuruza~tiantafthegrincipalofsaidnate.
<br />Any det:ctencv to t;' 4 amount ui azty such acg-egate rz:onthly i?ayment shall, unless madL good by 'the ~4art-
<br />gagot ;,nor trr'tls, due date of tht neat stl'la paylxt,t, ~nnstitute an eaenz ns t+ciaul[ under this mortgage, The
<br />1+Fortgagermn~ hec• a "}ate charge" not is eaccd t'n;;, gents i~~i li?r c;~h dcallar{51)oteach paymentmore
<br />than !`fifteen t i ~ t ' : ~:5 nr arrears ts> cover the extraex;aen~ i •vaived in handlink delinquent gayn:ems.
<br />:3~ Thsttif the tntal crt etec pavmc~nts made. by tbo AtortguUar under+~~; of paragraph 3 pn•reding ,hail oxcted
<br />t1tewmntmr of pav~renr- artu~lti• made="brine lkertyra{,+er fortrrrnandrenc~. taa~c and a -t•s~mente or insurance pre-
<br />~iuiaK, aa• t3r+• t•:~-. may l+r•. ;urn cx~es~, ;: ;h~ Itaau t~ turrrnt, at rhr uproots of the NartgaKOr, sltali lxr credited by
<br />the;t~rrty aaa•« .an -uo-,•qu.•nt pa~mrnt.~ to Lr• m;tdr5p~ the kiort ,a~or, +ir refunda~d to tit+• llurtt~:[gor. If, hrrweti~er; the
<br />rwnthir psrm.~nt- m.uic to ehr tNtxtg,tgtcu urger ;' i of pvagrapit ' prcce^dins; shall nor to oufficiettt to par ground
<br />riyrt, taxe- and t.._a.,.:~.nt- ear in-=ttrnna•cr prcretiumr, a- the ra + m:t. tar•, anon s,ht• game ~h tli 6ecomrt due and pu:y'-
<br />ablot tku=n th.• tkrrt~:~r.r -Hall gav to tier iLrncare^e• an+ amount na ce•s~an~ ao maAe up the deficitrnct, an yr before:.
<br />ihW ilatc ~ha•tr pa>.mrnt of -u: h ~raund r.•nr- ;,LOS, a-a.a,-~mens•. ur in~uran<^x~• prrmrum~ .~h:a#I Ixr clue If ar ;tin
<br />tintpthe LkrrtPU~rr -hail tr•n.irr ;., eh.• 11,;rt~.r<,r.•, rn .ant°ard~rewith the• ur~.s.-Firm of tha note ne~cured heeehv,
<br />fullphventmt r.f tha• .•ntirr inri.•hr.rtne•-_ roirn•-<•nr.~d thenrksv, the.?torrc.rr.•" -hadi. in e•omputih;~ thoamnunt of such
<br />tnttefirc~ric•a. crrdrt r:. drc_ ,~ e:><inr „l the '.ierr'y:ut.rr all pa+<~enc^ntn m:nlc~ urnitrr rite Ixncisicma rrF nzjof p,ara~raph-''
<br />heec~f r4~hirh rhr• tbr,n~s~e.,, h.r- nr r ~ .rn.,• ,d,lrr;et.•rt tar pav to Uu• vsi•t ~rarF of H ru ia;t and t rb.m l)evcle~#tmcnt
<br />;utd lnt bulunaa^ r,•matmr,e i i th. (und :r,rum.,tat,•d nne.. r ifre #trtstr;:nrn~ of :•i of pans}!ratph :' ha•reaf. If t.hery'e
<br />,hall t~ a default und.•r am .•f rh<• qr,=.s-r•,n-.,i ~h~- .r:,,,~~. rr••.u#tinf;ina publtr^ -,ttlr, oftbt• pnmr-e~ eoacrrti
<br />Prc.~br ur rf thr• 11v,rt,arrc .u,{~arrr- t:v• .r,r•a.•n. nhrn.r~-. ,tt,.r '••fau#i, ttar iliartt~aka•a° *hall apply. at ihetime crl'
<br />ihrrcontntao.~.~ma•nt o! -.nh p:r,..~.-.Onu-, .~, ,r ;, ,~ rrmr~ th,~ or..pr•rt~ i.~ rrtherai:~r a~r^quirrtl, the balance liton rentttin-
<br />sngin t1trT hind:- ;,a, ~rrrrul„c.al under .ri t>.rr>_r~prh ! pn•rtniinEt. u. a-cr~•dit atZUitr~t thc• amount of print~ipal then
<br />rrnt~intn~ui9psud unue^r ~urd nrnr, .usd -hail pi.,ita~rl} ndru>t ant patmnnt~ x~hirts~hal# ht~s,e Irecn made underYa1
<br />fir( puragtraphS. o
<br />~ f~i ;hr 1 i.k.;.r.+c , r.u-:~a r:rx" ~;~Lr+ ti+•r~wnrnt.. r:,erar rstr:. ;uad. tether guvcrrtment.d yr nuarucipai
<br />.n..e~z.. tine.. „r rnr~,~ur,. r r ~+hr r r.; r ~ .; min re:,:r ~ ein#k" rt,and in def;fiulttha:reuf ihe'vlortgus:ec stay
<br />~.at iPia JfIrC .tnd th_ot ihr tit it ~;, k.q .. ...; t Jn. •ct ihO ntrrnal ii ~N,.S+ 119e r, ~r;.tu the ~tnrttiyJ' ~a'C_
<br />rte ~tro rr~ r +..i1 c i! i,rl n ~: Ft -.red -r, n he t rtF.,t;ee , intcrext rn rnu re s9 c+tate and irnprctue-
<br />i:Knh ^ barn rnat bt e ~a [i Lt~rn Ul r Ij?, ~, - i'~C ..tent LCeUR C.l. ~ -hnf ern#V tia SIrC ekfent that 4i[Cf! tti ^45l flr6hll)iF
<br />:tit hi r,a sta 1 ~.n)t r.• rhr eltenv th:r? .uch url! no r,.,,.c t!-r, ~„ r•r uwun, u, r n„t e>.eluding an yinrgmr.C.+z, StutC e7r l=edtraL
<br />rsn(>,r.ed.,n ]f,>rts:>Z:cc .tad wilt n:c the •>rtr~r,,' n--sips •ha,w ;: .;h p~:cmenr ~., ahtite.~Surtatytee t'paoviol.rtionofthis under-
<br />a.,-tnp..v ,t rhr '.for~.~:.rr r. ~ nrhrhned hs .,;r. ,. -,. r 9errl~irr c+.s.;mv fr,rrr, ~:,vingtbc whole'.ur any pcyrtion ofthe afore-
<br />. p.,id t:ur, u, ,•n •irc rerr.ic•tn<<.f .,rr.: run „eat embrhthr_c rhr n.+s rnrn! hr the ~fgrt~Gorar any wachl:aae,, a.rr if suclrlaw
<br />:air d-.tr:c pmstdc. that ;,ns .tmnum .~ ^arJ r,s arc .iorp+~rrc nh.,!! !ye ~rcdned ,,rt the mortgk~e deist. the Mortptagee shsiilhave
<br />~fturrgb<r,grvcmnet~dai.'~antte~n.~u:r,tn;hr,a~ncr„fthcnsort~,, ;rmi;e±:,.requhingthc;~:,~mentt>lthemangage
<br />done, it :uch notscc t•e ~nsen. rhr said dent .hair ~conte due. payable ..nd c :A irble .,t the ez{?ir~~tirro .:f said ninety days.
<br />~ fh.,t shou d he :,:1 In puv anc um ar kce in. c,~urn;w^,t prnctded f,•r r nn \lirstpaEc, rhea ^Ite ya,rrt.~geN..at itS up,
<br />ik±n_ mas ,Tic ,~r r>crtorm the wine. ami,uJi gxpenunure~ see made tihali beaddeu to the principatsum Hwang cmthr <bove rate.
<br />h':I i+c ~,r<ured herzlay. ana .ha;s t•r:artiatett~t at tsc a.-eic :ei te,rthira rhr sand Hole anti paiaJ.
<br />- "Ehat ire rte e ~~, ea.agnc tru.-siers anti xis n.ar rs ahoy#origai<ee. tv E+e applaeda~watd the payment trfah~ Wore and ;;iii
<br />,„ins ,-cured herehs m :a.c ,£ x daiault in the -.^r's~rmanc of any of the, term, a;idconditicrns cif this :titort~age or [ha said
<br />nose. altth;reni~.-crenuc~ rr:{r,.,,;;eetobedrr~~edfromtherssartgagedgremiwe5duringsuchrimeasthemi+rt~ageutdebted-
<br />aoe, snail rcm:r,n urapar6: ana the 'nnngegetahaii ha ti prawn to app+.nnt. rang ;agent caragent5 it map deaire fcvr the purpose of
<br />•:ga+nry tsid p-a~rcr~ : nd or tontine tree ~vne atfd az>1Stcnng Y}fie tents, rtveittre~s andr~!amr, and. n may pa y+ out of wasir5 ins
<br />mes : c, . rases ~ parrrtni ~.d nrent:x^sand rrecessasy axnmtsartrnxand expenses incurred in renting acrd ntaesa~ing the
<br />,a rte : rd .t r:a;lte trrt..~nt ih~refrexrr; rite hatancerematntng, if an±., rc+ ba:applied taaw~ard the drschatgr-art satd mortgage
<br />in+3e Mc•3 tie s.-
<br />rr ?rear t. c to npr : >_- ro nr on e t5trng ,-r Fc ci;t,e -cxdtn the morts.:igett prapertu, nrsurcd ::, .nav he
<br />rccnnre3 tn~m. tarnr .. i:nr n~ the ~~'~,rr_aycr a~n:n.r !oc c v hre :usd triher hac,:uds. r_aiu:tlttes and ~amtiatKrnGCS in suxrh
<br />-r,r. alum au f..' ~ a rte i.Ea -s coati # e r 4tti: cd h - e 'tut;- }e, arni v. tll flan promptly, when rlur_ en} peemurrn. ern such
<br />insura :ra r t . • a H h r3 f n r been m c n c.,rrber rt,. Ai] mSUfanc shal3 ~ +.arn>rd in Ctimpanit, .ep-
<br />prnwc:3 t .hc 1t, rFaec =? ar.. the ;.ev,. _ ,.c .: n. '+ r'•c _r " .r<,,i ra brief ity tM: y1<srsgnssoe [cod h.rve .ettaeheJ therciu tosx
<br />parmtrk :aaasrl ur face=r ref and in fearr, e-:eyahlr to ifx '.H r•K:,cc< :5 c. ent of toys Mur1g:Y¢ar u~,! i .'c iaorrc rc n,artce hs^
<br />^;-,it t,> ehe h9a%tt: rf ~d.:.-}r.~ ,:,at make r. r_r .....; n.-r~ ~r;r.Ie nrn rnetiy nti h~nrtga~.ar ~•nd ~u:}a to . _,~,. r~ ~:<tkR y~»n4 C<an-
<br />;ern,•d r hr c?+. th ri s:_t _ t dse ' ~ rsakc ,gas mrr=i rr ,ur~s it ,;ra r; +:~.. t:, t-5e !4f(~ ~-, t±ee ;r. ...' .~, rhr 4t ortcagtsr
<br />arrct l4tc wiart R3£: • FarntlD..+srd 14e rn.a .r^,:~ pnrcrrd• ens part tl.rrcn(. a~.r: t>c - ~ lta{; , r,rr . .
<br />P _r f. r u•n either
<br />-.• the rtartsesn al the rndc3wra[ltc. herons .:; ever , . r .o'.J?c i , ur.di~.-, ,r rc;vr,r n ,,~ pr- , , r . ,-i:n .~c .. _ i~ n ecre-
<br />-:ar .;~ Lr -.r NtE.#. oth t':~.£<v'rt rri'r rn Inc urtisict, ~ .~ evirae•.r[~f ~.rcn ^e re'!c Iu r 'd!tcrC#%'+".
<br />.,. 't~h - :~ , r i _ .. r,' I'u- 196r!Cuc- .n :a.tU rc. .ma rtta en_. ,r n.: .h:^ :n .... . .. .h; ^.. ~.i. ,~.
<br />n - u ri r.. . t., f x c t ~ ~ - , ,
<br />-,rp;_ ac,- ;ac. ti t :a.~r ._ w•;~ t ^t k,r , . _. _.. .. ~r tirirt
<br />i; e...re .. .. ar. .. ... .~ .. ~. ... ,. +. ft
<br />c .. .a,d t~t~Ch r ,r.< •.o , hr ,~~ . ,~ ., r~ s,~
<br />ea =. .oar
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<br />- _ r;h ^ e i.. 4 ri ~ l ( ,hie . .!_v. l iM r ... 41-' :st,nt lu . f,.itti
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