|
<br />82---c}t~234`7
<br />t!) mondr prior to its due date the annual mortgage insurance premiun: in order to pr€>vide such holder
<br />with funds to pay such premutm to the Sec-retary oP Housing and Urban Development pursuant to dte
<br />;Vatidnai Housing Act, as amznijzd, and applicahle Regulations thereunder; or
<br />(II) 11' turd so long as mid pore of evert date and this instamrent arc held by the Sc cretary of Hqusin~ and
<br />Urban Deveicptrtent, a monthly charge lirrlieu of a rnortgage insurance prernrumJ which shall ~e Titan
<br />amount equa} to one-twelfth (3/72:} trf one-half (1/11 percentum of theaverage outstanding 6Jance
<br />due on the note cornputed wtthoot taking into account dePnquencies ~;r prepayments;
<br />(trl A sum equal to Eltegrinund rents, ff am', next due, plus the premiums that wolf nest become due and payable-on
<br />policies of #ire and other hazard insurance :;avering the mortgaged prolierty, plus taxes ind assessments nett tjue
<br />an the mortgaged property (arl as e5tfrnar€a3 6r the Mr~rtgager~/ less all sums alrzady paid therefor divided by the
<br />cumber ot: mnnths to elapse before one month prior in rhr dare c~hzn such ground rents, premiums,'iaxes and
<br />ssses~ments well bc-;:omedelinquent: such sumsto be held by btortgagee in =.tust to .pay. said ground rents;pre-
<br />meums, taxes and special assessments;. and
<br />{c) All pay`mants mentioned in rite two preceding subsactiont u{ this paragraph and all payments to be made under
<br />the-note secureilhereby;haflbe added a?gethe r; and t}re aggregate amount thereof sitsll tre paid by the Mortgagor
<br />zacki month in a sin~z payment to i e appir""ail by the Mar eaeze to the i'olIowing items in thz order set forth
<br />(Ij premium charges under the ontra; os :nsurattcz witf~a the S trelan~ of Housin, and Urban I~ vekrpment,
<br />or mcmihly charge (in7ts'te uj rrtr~rrgage tit;terancet prerrtiunt7, as ih~ casL may be;
<br />111)'. grtiurid rents, tomes, assessments., ii;e and other hazard 'insurarce premitmrs;
<br />i,Ilt} intzicsi on the nozexcured herebk~; and
<br />(ly,' j amort3zateon of the principal rr{safd note.
<br />ryry deficiency ir. fire amiiunt us` any such ayt, aatz rnexnehly oay°ment sltxli, unle~ mach good b} theM'ar
<br />gagor prior ro the diredata of the next sue±r ;xtyt rca, cr tstttutc anee~nt of defautt amtler 2itis riidrtgage:' The
<br />1~Eorr~gee nra'r collect a"fateehargc" n+,~r [o ~x --s.; 1<>z ~;nts t~/t !i>r eazh dollar lJi)oi`cachpaymeni more
<br />than tit"teen.(1 ~ i Ways' in a reat< to cover the eatr.+expensz i.,voived vt handling delv-tCluent. z>ag~ments~.
<br />;~. 'Ctiat tf the total of the payment; made bv~ the yturrtn~or under ?r + ai paragraph 3,pFecedint; =hall exceed
<br />flte amount. bf pa}•ment.~ :ictnallr made Irv rhr (lortsa$e>ar for trrttunrl rent ,taxes and a, . d~rments ar'to~urtnc~ pre-
<br />mium.,, a.= the ra`•• may he, -uch excel., if the lour is ruire-ttx, at the olrion ot" the 11ort~.tgor, shall tie rrc~t3ited by
<br />the A1ort~:i::ec rip -uh>eyuent payment-•: to ire madrv by the 1lrirtregtrr; rir reFundc~d tar the Slorr;:ap±oe_ lf, hn+se.yer.-t.tie
<br />monthly ira}ment~ m,+ric b} the i~lurt~+agar under , n; of {>s::grsph ~ prr~caltnR Shall nor ix sufftt`ient ru par ground..
<br />rent, taxea arrd as>-~•--mr=ntr ar in:.ur:uicc premiums, a4 tht r;i<e mar be_ aheh the game .>hal! becrome c3ue and pa~-
<br />able, then rhr• ~lort~;:utnr =h:ellpav tct rhr !9+'r~ea-+~ ;toy amount neca~~~arf tumake itp tits de(ie•iPnry. on orhefore
<br />he d'.ue+vherepaymr•m of <uch 2nsuudrenr- ,:a.< -, it, r•~ymenc~ ur ihruranrc, pmmiuma :.:halt he~duc Ifacsny
<br />tdmc• the\ttxre. t~'or ~ i,all tender tee th(• tLrrt ~+er ~ ..;~ ncrnrdiincr >,ith rhr pmrr=icm.~ of ihenutar met°uredhenehr
<br />Pull pacrtient. +,t th.' entire indebtidhe-- rrv~rn -s~~ir~,i ~h ~ret9y, t}t a~ ^ir;.~er ,hall, in computin¢,* lhctmtount of much
<br />idciebtrdi>c~s credit o nu~ ice-runt off ahc L i ~.:~,: ;:, r. ntcnt ~;,,~+~ undert~h~ taus lists of '<:; nt paragrapl: 2
<br />herrvif Nhich th+' 11t7rtt,u,r„ `r:+- not brrom L;i,~~.uc<: ~~ ri.~r t, nu. ~..~rt~tarc of flnu~in~ .nd Uriraar,{)evet~pment
<br />aird'<uty bahsnra~ rerttaih~ny iri the (undo ,trramul•~1~~J a ~+.r ~ 6. ~„~-,~,n n! r oi' paragraph :? hcreol`. iCthnrc
<br />"';hall be a default undo r any' ofthe~ prosi:~ion• .. tk,~ xi ~: ~ -„ =:r~; ut .r public -.ale of the prrmt~e~ coserrd
<br />heirlry. ar if the= klurtg~t„t•r~ azqurrf~ theprr~pr•rtx atjre+~r-r .,:t+~rdrl.,ult: the ylurt,,aaee ,hall upply, at lhetimN of
<br />Ghe cummencementuF :~utrh }~rrarceedurg. ttr ut tha< tuns. the p1~ir) e,~ ,- utherr+t~r~ .atq+tired, rhr balaaica then remain-
<br />.frig m ttte luhdn :rt•rumulatFd under b; of p,rragrupl=, _ pea <,-uin„..t- :icmdit a;;ain=t the amounCOfiutncipal i~hen
<br />remarntng uitpxrd undi•r -aih pule. and, <hali prnr+i,rla ~uilu~i a^} p+iyment- +rhidt 4hali hacnc~en rn:tde under?a7
<br />arf par,t{raph •y
<br />J Thai ffic llu:i,t;.,t r w,..paa ,.,und :c rr-. ., i_, a~.,~~~..~rutn_ w~dter ra{t:, anti eriher ~zo-rvernnttntai er rnunicipa!
<br />Charger, Ilnca, i,r tmnr~-Ge rn~- fo• ~„~~.. n,. r„ue hercinbc,.ue, andin detach thereof thtAfnrigagee m;~y
<br />pay [he •amz>. a [I!: :r,e ~ .t~.,;:,, ....,nntir ati-Inzr rhr ".~_~ ,cipY:~ thereir~r to the yl~tr:gagee.
<br />i the \qursi,aRr+rr<+ t .,,.; ail t. _ ....mot m t~+e.'errcil a;;~,~-a ,}rv 19nrtgngee's itttcrrst at.>aid re.ai esirte.;+ncl irnprcwe-
<br />.S
<br />mcn~-. anJ w-hrch m..r i-m 1c~~rrd u~ arm -. , ~~;e r,r tbe.!ebt ir,urcd hcre5~ abut ani3~ ia~lhe~~zient that such i; not prohibit.
<br />c~ M L~.c arttl anl. io thz t~tcurthl., n<: ,,. ,t, ~_ 'peke thfv lean u4vrruu~sl: i~ut rxchtding anyincome tax. Statz zrr }'cde{i+l.
<br />tmpo~c.; ern t;urtgagec, an<i a~ih filr. kh~ c t-ice ~.,: rr.~ rt +hoµmg cosh pn'y't»rnt rruh the Mortg agee.: ltparn vri_..tien of thisundei'-
<br />tbkmk ~•~ d t1r Morta,agar rs t+rrxhib+ ed ti .;tc au cwa nercafi:.rixrsrtngtrirm pacing the who ' ur :np portion of Iheatara-
<br />said a tee,. or upon :he~rander:nt ofany •ari'cca~. ;+roaion.r.~ :he paymeni by the Mortg.rt~o..,Jr any' suih Taxes. ur i15uch J,au°
<br />- axe J r 's+ tie.. th.tt t+,rt un tint . r naru `- h fort~sg h ! n zJiteJ.sn he mortgage debt, be 'ySor[g+Ree shallhave
<br />then . < t.n_ ornery d ,a u,irten nutne ; „rc ~~xrirzr t,f .ac t„t?rtgigcdt~r.~m+.es. rayninng the p.ryment c,f the mortf;.a;,!e
<br />dztx . ,, :, n r+ec i~egiaen. thessid drbhall ~. ~edu~. P«ya;~.,;..nd „o31c,tbles[ tfsz exriratiunaf Said riipzt•v d.rvs_
<br />~ h,,t ,i ...~ n~. f:,, to nsy nos •w.° .; k -, ~.nq c~rca.~st pro~tJed for tr. This YSortgagc, thcr, the :vlortgng«, at its op-
<br />tian .<t p.~+ -t ~ ~ rhr ,epee. and a ` exn . ,u.--, _ n,3L~ ~;h:+'I be addeal tq the pr;n~rpal sum „wing orr [hrabu•.ep<rse,
<br />cha ~: urc t-.i >aralihear mt~rest ac ix rote set Igrthfn uia ~ etdn2ate. until paid,
<br />t n :! t, ~,:~ -,. >. tr~~rafzrs and s t, o'er tt~ he liorti: ~._~. tu. he at>~iitd iou~ard the pav;nent of thenole; and ,ill
<br />:~n^ _~ t - .... ,rt >, dct ~u,t Tar the ptrfc>a;nan t ; , .e . ~ rbe 'erm, :rod cand+uuns .±f ;hi> Morig sg: cr the Said
<br />`.nsx~ +~c ~c. _ .=~rd cca_ ne to 6e den vedfrzsm the more i:,~_.. (`.envacs during such tints a: Use mortgage indebted-
<br />. t:za }...,:I rcn , .t..;:;: xnii the Mur-nn;;er she t ha.e pourr r,-.:.p ~~,~~ .-::,x ;+4te= t+r uxent.; it mac arc:.. ireJar the purpose r;f
<br />ter. i ... ~nci :: rrrting tht asmr ;aiidr~xlie.ungthr r~ ,. - rr•.zaaucs and inc;.m_, andu. mvy t. y r..t ,.f -,ur
<br />-:~ ,' ~ ,_~ r.irg said } tc'rnsxzs anu nzizss rt ~c ,:m: +•na:,ad expenses incurrzd in tznGng.:tnr, ~~ar,asut_ .,~_
<br />,.~rrc ~ ~ - . .~ .,u g rrn~ :` therr~ix*m;-ihc t alancr rem.u,ang. i. .... tr+ he app'+ieu to>S•~xrd rtre discharge of .u4 r.+,~+~t~ ~~-
<br />andc'~_cc;n~-~ 1
<br />~'.+' ~i i. I~l!'~. ;P,kpr Lr3 e'm Ctiti Iii? l CIiSYlnS4 V.. hti r;:.'.f ttr cfe:;Ce(i. +ay Shy R1 gStkIl$;Ctl {JIi>pe riy, In}t,r Ctl, :i7 YnA1".
<br />z'c gi i ~. ... .~.. .,..~ hrr tire- Li rr<r'r+gec ag:uast ins, by fire and «ttrct n:,zarCs. C;a ual[ics ans...ani ^¢enucs in .rscti
<br />~_ ,. ~a
<br />.. ...- .._ ~n, . ,,. P
<br />isu ._ r'<•.~., ar=t ; t w3 .!t ha; pat k+rcnnrnde heretnbc.c s'ia ~mr.,x:nte ,h..9 „~ _.
<br />Crv, ,.-< yt .. .. ~ . „ r_ i <als ttsarecsf chal` ! c ha:-.. !~e .:one ,ee and h~.e .._, rr [he -,
<br />r In r, ,~c.C•'. athr \1ur, ec ht_ c tt++f ~ t4•.°i t .,
<br />iE ,,., t ~ „r ,. t ~ rr n i rrr>i t r ~ i
<br />hr +r ,ter ... ..c ~~
<br />.~ _i. i hr ..~. -_, i ~~
<br />. ~_ ~ ft
<br />
|