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<br />(f) ~hron [h crrior to its due date- t}ie snnuaimortgage insurance premium in orderto provide such holder
<br />with funds t<~ pay such ~>rcmimr. ro the Secretary of Housing and lhbam'llevek~pment pursuanrro [he
<br />" Nacimtal bowing Acr, is arnende;l; aitd applicableRagtlations thereunder; of
<br />(Tp I ~ and sr. t mg as aiu note of esra date and this. instnfinent are htld~by the Secretary of Housing and
<br />I~rban lJcv•L>p>nen~, a monthly charge (tn &eu,oja ntortguge insurance prernit<mJ wh}ch shall be in an
<br />amount equal 'o uric-tu~cl ftl~ [ I `t 2)"of one-half (t f?} percenmm4f the average outstari i9inf F;l aiirc
<br />due on the note cer~put~ d witt,ou( taking intoaecount delinquencies or prepayments;
<br />(h) A sum equal to the ground gents, it any, ^cxt due, plus the premiums thatwill next tiescome duty aria ~~} ale nn.
<br />policies of Rte and ot;te[ hazard insurtc~ce tovenug themortgal;+ed~ptoperty, peas taxes aitd assessment i, _k d,:~~
<br />on the mortgaged proptrty,a?os t-srinmred byl3te "lortgageeJlessal_I'suinsalreadypaidtltereiordividedbp the
<br />number of monihs,ro elapse before one month prior toy-the date when such ground rents, prerrriurr~s taxes and
<br />assessments ,vilf tieccme dalianuent, such Burns to be held by ~'vlortgageein trust to paysatd ground rents, pr-
<br />miums, tar«sand spacial assessments; and
<br />(c) All payments mcntiOned in die two precedinG subsections ofthis paragraph and all payments to hemadeundrr
<br />the note secured hetehv shad be added t geihet. and the aggregate amount thereof shall be peed by [fie Mortgagor :
<br />each month in ~ s;ngic psvmcnt [o he a, plied by-the Mortgagee to the following. iternsin the order set forth:
<br />(I) premium charges urger the c u,caetof msuran~ with [he Secretary oifHeustnand Crban Dess'ohm grit,
<br />or monddy dtar~e li,. Leo n(nu~rrgaga insuraneepremiumJ, as the rgsemay,bc:
<br />(I'.j -ground rents, talc- ~ssc-sments, fiic and other hu2ard iasu:ance premiums;
<br />(fll} inteaeston tho note ;ecuredhereby: a.^.d
<br />tLV) amortization of zhe principal of said note
<br />Arty,deficiency in the amount of any such aggregate monthiy'paymen[ shall; unless made gUUd by the `.tc~rt-
<br />gagor pnorto xhe due date of the next such payment, euiutitute an event of rlcfault under this nn,nea.e The
<br />Mortgagee inay eoltect a "late charge" not Tn exeeedfour .cots 14y} for eacfi'dollar (~l") of each payr7ent i,iorc
<br />than fifteen (1 ~ 1 tt:.ys in arrears tv cover the extra expense mvoh^ad in handling delinquent paymer. is
<br />3. That~.if the tots{ of the pay~ment~ mad.' fir ltre IlortGagor under /'.~ ttf pruaeraph-': preceding ehal l ecceed
<br />the'amnunt n[ oavmc'rits acluallymade by the Unrt~a~ee for ground rent,, taxca and asc~ments or insurmce pre-
<br />tniums. as the case may be, Mich excess; if the ti7an is current, 3c the opilon of the tktrtgagor, shalt be credited be
<br />the ktortgagee on su6segaent~payments'to be made by Lhe 11hrtor, ae refunded in the 3iolgagor. If,ho~,tiever. the
<br />monthly payments made try they Mortgagor under rfLof paragraph ? preced:n~ .n:,It trio be uffici,~c to paygtound
<br />rent, taxed and a.~seeEinent.5 or in5ttrattce premiumR_ .t.= the c~a c may be. Nh~_~n the game Bereft become due and PaY-
<br />afile- then the 1lorrgagor shelf pay !o the ltort~agw~am amount necc»an to make up the de{rz innc~. un or before
<br />the dxte when payment of .;uchgmnndrents. [.tee=, ,_ tee,-meretsnr ia.~urance pmmium~ ~hul[ fiedur•, lfiat am
<br />Lime [he )!t>ngaQOr -hall tender to theNor[f!a~et-. ,n acrordunce with the pros±<ion~ of the note ;coated herr6t~.
<br />lull paxment of the entire indebtednes~.r~preseittcd therebt, the Norttta_ee -hat!. !n compuLioR the amount. of .~uctt
<br />indebtedness, credit to the account oC dES Mortgagor .tli payments m:xic under the ~ros~!sion~ ul r~r of paragraph _'
<br />hereof which the 1-ortgagec her, not become nhligsatedtu pax, to the `~ecrt t uy of [fmi~ir,, ..rid lrban ;)cs~elopmrn[
<br />and ar+g balunet~ remaintnn in the funds act emulated under the provitign.~ of (31bf paragraph 2 henvrL If th~rre
<br />;hall be a default under env of !Me Pmxi=Son of this mortg:tr;,e re.ulcing in a public ~alv of the premises cos-erect
<br />hereby, ur ifthe 1MrlgaRec acquires thF property ptticrv.ise aftxr defauit• the ~lortpagret• shall. apP1}. at the i imp of
<br />the commencement of such proec~ding~, nr at Ehe time thepnrp. .s is olherwist+aryuirctl.thr~ bdance then rem~ein-
<br />ing in thte funds aceutnulautil under ; of paragraph `_' prei t•d'mg..t- a credit against the amount ~,I principal tiu~,t
<br />rcmtuinin~unpaid Tinder ~aidnute.:utd -hail pnipxrlq adjust arty .payment- which ahatl h.°+t~ebean toad;: under :'.
<br />o[ parafraph 'd,
<br />,.,4 "fha[tiee Mortgagor wtll)aay ground rents, [axes. a>aesmentn, water ratea, and othergotcruntental or municipal
<br />chatge~- fines. ur mtpgsftions: Far uhichpruvfston hasnaf heenmade hereinbeRue~ and in default thereof theMurigagee m:r.
<br />pay the wine: anti thatthe Mortgagor wits prontptiy dehvrrtite o~rcial recetpts3hereforto the Mortgagee.
<br />~. "ihr Mortgagorw.ili p;t} .ili taar~ which may he lei~tedupen the Mottgagee's..interest:ih said. real estateand improve-
<br />ment. and whit:h may. be levied upootNs mortgage or the dcbi secured hereby:{but only-to the extent that sucFi'is not prohibit-
<br />ed hr tart and only tq the eaten[ Chet ,uch wllnoi 3tt.rwe this loan usunr+usl.'butexcludingan~ tnurme rax:-State ~tFedtrt~±.
<br />imposed tin Mortgagee. and ~.cill tSle [he ulticiai cece,pi ~howing such paymeni~with tfieMortgagee.Upon vmlationof [fits tutucr-
<br />taking. or i(the ~turtgagur is prohibited hp :,ny taw nom er hereaYter existing from paying the u h,rleor any luirtion -f ~ h ~ ni h: e-
<br />said uses, or spun the rendedrg of any coup ue:rre p.rohit+itingihep~y merit by the MTirtgegur or un} such Laxes, or it ,uch lase
<br />or deuce provides chat am" amount ,o paid by the Mortgagor +ha11 he credited an the mortgage debt. the Mortgagee ahaii hale
<br />the right to give ninety days' written notieu to t'£te owner of the mort~grd premises. reyniring the p„yrnenlof<ihe ntorlgace
<br />debt- [I such rlutice rte given. [he said debt shad t>zcome due. p:cvnhls? .aid cotlecuhle at the e vpira GUn of seed nine[, days..
<br />h. The[ ;huuld he fail to pas any sum .v keep any ~pvenaat provided fur in this lfcutgagr, tnenthr Mortgagee, at i(sop-.
<br />nun, ma} pa>: cr per'orm [hc same. and a!I evneaditures >n trtude sila,'I he r,~ded [o the principal sum .>wiiig Uri the ahovenpte,
<br />Khali he se, urcd hrrcby, and >half be as ir.tr re.tit a[ the rate cet 9nrthin the said note- until paid.
<br />'That he hrrebp as>igns. transfer, and se[., os~rr to the '.IuTigagze,ts~ he applicJ toward the payment of the Hate arsd iili
<br />sums smurcd hcrcby in r ,e o€ a def^ult in ;he perferman~e ~f auy of Lhe term, ,rid condiiiunsofthis.'vfortg-age <rr the swd
<br />note. all the rents, rcvrnucs arty income w be dens-cd born for rnortgegra prernnes during such ume~as thcmortgage indehied-
<br />des, sh:,l{ remain unpatd: and ['re Sfortgagee ,on'I hale purer ht,rppoint ens agent or:agents tt [nay-dcsirc (orthe pur;=ai~~r r~2
<br />i epairing sail L emues and of tontine [he same dud evLeaing the rears, rartienucs =andincr7me, and`it ma} p;r; uttt of ,,aid in-
<br />:pmts alt esoenses of repairing said preu~ises :.n 7 t°~es,art" r>mmissions and expetuses inourred ieGrnting:~nd muo.agirrg r~-
<br />sn~x and of c<~ilccnng rentals t!xtre Gom: the h~a~-_~.e ,e~ra,ning, if arty. ro hr applied inward [he disc urge of ~,id .~,., tga ce
<br />indebteunc>s.
<br />Thai }:c will keep Ih° rr aloce n~nc nox~ esiuing or n~~ten`t~ _. ,rtes nn the mortgaged prgperts, in>ur ~d a. n,c,,, `~
<br />requited troop [irne to limo t~~y tttc`dort~rgce egain~t io, ht lire :rc ott,e; hazards, casu3lti¢ts:utdccrntintc...~<s~: w~h
<br />;rmonnis .,rid for such perut._ as may F+z rGuired by rot Lle~tg.: ~,:c':.r-v il. _? } pnmip~i v. when due ~: pre mi~.n. an loon
<br />iP.ntr.,nCC , t.: i i~ n {or ezr. merit of ~.ich hz~: .,c; peen r „~~ hcrcir o_4~ _- 4, maran,e <5a11 br .a, r.rd in .~ a,a .c
<br />pruned hs the ~Atnrtg~gee erect iht poli acs gnu rcneu :aR the~c<f sh:, i; h. held ht the Murrgt.g,cc :inJ h:. ~ rttae hrJ r t,. ,r. i~,~,~
<br />pzyabl.. t...i vc i.r f:ivc.r o: rind in :`o..n i.^ct><tahk ir. !hc ~f _y,.tc:. ,o ~,;,rzt .~` ?~s ~',t,rlL i~, ~. i.i ~i,c~ im-~ic,t :nc .i [sec ~7:
<br />mai4 th M,,, [g. era .cr m- mt A rr f d 1 t ,.t- f p t ni ti t ; >f rig it .r. tr ~ n i ~ u n . r i n - .t
<br />rrrc t h ~ret t in he r, ~t l rid di7e t F_ n _At ~ nt 9 It +u n l9 ore i c I t ni t --u
<br />end the 41.. tg:;• c~ 1 nT~.. r .~ the mat l ~;t.'i , r, ~<d .-_~ • ..i ,[ter, t . rya}~ f*c .t, ~ 1 eJ r , iht 1t Ortp +.,. ,. .t, i:~ ~ ,i, t, t.c;
<br />t, the tv~t.?i:m the hsi~P,c~'ncss hereht -cu, i r ,. ?h, t~r:;,ir r c sir , F~ , .n . ~ 1 1' _ c . i {o cla
<br />~urr,•I . ntnn},arc or trl ~~r Ir;,rsru ~~ t,t., . ~ the ~n,.r'ga~. ~ L.. ~ r .~ir.,u _+a - Le ~r;. i.i .c.._t
<br />alt rt~,k I~f;c anc~ in,erc st , . ihr '`f~ r, r, . r ir. , ~ .,, .. t , ~ ~P_ , ~ . _ .u,. ... i,., .~ .. n.c,
<br />J Tier ., ~tolir ,. i;, n,i ~__ rile r. t' ~urttr -x, t~ it ~l~~th i _ ,_ .-,., .i., ; d.. mac„
<br />„,~,~ [ik;~;l.._t~rgt~:r rt r ~ +,t;ns p' .,!c At __ . c r,.;`. i.t~~. •ir~. r .~..,. _ r:~" ~~ ~ - e ~r '..
<br />'.ce .,., p,; und~.ne anti ~f r,i, artii. _ =Pea ., ,~•~h r~ .-~~_ i :-p Uie -..
<br />,viii red uh ~. ....~><~C~ a(~c , ~ gyn. tn~ rm-«r, i ~ __ .. `u C:, _ _
<br />fr. , .io". t.r rr~ ~ t~ .n. re.. , .-. t ,.o.,.. ~ , r.t_ .. .-. _.. .~ ., ~,~-
<br />.'13.x... ~, FU7
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