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<br />(I l month prior to its due date the annual mortgage insurance premiam in order to provide such holder
<br />with funds to pay such premium to the Secretary of Housing and _ Urban [kvelupment pursuant to the
<br />National Housing Act, as amended, and applicable Regulations thereunder; or
<br />(iI) if and so Long as said- note of even dart-and this instruittant are held by the Secretary of Housing-and-
<br />Urtran Tkwelupment, a ntonthfy charge fin lieu txf a mortgage insurance premium/ which' shall°be irran
<br />amoune equal to one-twelfth {itt2l of one-half (1/^_) per aentum of the average outstanding balance
<br />flue on [he note computed avithout taking into arctxtnt delinquencies or prepayments;
<br />{b) A-strrri equal to the ground tents, if any. ttex t due, plys the premiums-that will itext txeume due and payable on
<br />policies of frie and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />an the mortgaged property fall as rslfmareri Av rltr,ttortgagee; less art sums already paid therefor divided by the - -
<br />number of months to elapse before one tnunttt prior to the date when such ground rents. pretrdums,.taxes;and
<br />assessments will become deluttpxnt, such sums tp be held by Moitgaget in trust. to pay said grautid rents. per-
<br />miurns, taxes and special assessments: and
<br />(cl Ail payments mentioned in the two preceding subseetions ai this paragra}h and ail payments to be made under- -
<br />the ante°stcureJ hereby shall ere added itxgethtr, and the aggregate amount thereof shall be paid by the tdortgagor
<br />arch month in a smele payment to txt applied by the '.itorigagre eta the tolluwing i[ems in the order set Eorth: - _ - -
<br />(I) premium charges tinder the contract ,rf insurance with the Secretary of Housin4 and Urhan aeveiopnseist,
<br />or tnontldy charge tin tree ++! rn:urFagrrrtsumnrelrremfum~, a., the cast may be: - _
<br />t,H) ground rtnis, taxes, assessments. 1`ur and roper haiatJ insurance premiums;
<br />{Ill) interest on the twte ~rured hereby, and
<br />t1V } amortiranon of the principal of satd note. - - _
<br />Any deticicttcy in ahr amount +,f :tm such aggregate .;=.trnttat4 ;tavmtrt serail. unless trtade good by -the. Mort-
<br />gagor prior to~the dtu data of she next sucfi !>ai•n;er;t, :eat>tiaue an zvrnt elf default under this trrurtgage. ']let-
<br />~fartgager-„tsy emiect a "Batt charge' no[ t,a x , -~ . .:enis t~--•' ; carp doitar iSl lot eacitpaymenim_ ore -. -
<br />tltan [1f[een (i e) d_~~s tn,trrears t+, covet apt extra eXC`r;=:x. u,vtatved ut t:;ittdlingdttvtgt~nt paynttnts,
<br />.. drat if the anal of dte payments made by they llerteagor under z -,: of paragraph 3 preceding shall exceed
<br />rile :rmuunt of pay'mt•rrtt .+t°tuali< made Ftk :hr tbtrt¢a~rc fns krrwnd rent-, taxes and aazesmt•nt5 or in;?ttrence ptr-
<br />mium-, a:: the c•as+= mal~ tw, -<uch c~xcr.v. rC nc~ luau is current, :+t the iyntrm of the Nortgagcrr, x{tall be credited by -
<br />tht• Nurtaattrp +qt attb<ttgnrmt payment- «; In• mndr by the Sl[rnttagsu. Orr refunds-d ttt the 11r+ngatfor. If, twwever• the
<br />munthiv [raymrntl :rtatit err tFtr 3hxtgagcu uruirr ~ ~-; trf }xuagrupft i*reccding, .Ftdi Writ hr +ufficicnt- to {rat' griwnd- -
<br />rcari, tapes and :aMSRx:wmE'nL ur in~uranrr prrmrum'_. a- thr• Case mac he. uhero the game rhail lettrnme due and pay-
<br />ably, thin the tlorttfagur shall put in the linrt¢atifr anv nmtronl nr,-e-an «, make up the de(icinnet, un of before -
<br />the dau when paxmtmt ul ~urh ground nmt*, raxe.-, ..-,~r~~tarm~ nr in~urunce premium:: -hat! be duos !f of any-
<br />time the lhrrii;agter hail tertdrr to the tlort:gaerr, to arrordant=c wtih the iuoxirion- r[ the note ,>erurcd hcrohy;
<br />fuiFpaiment of the entire indrhic ine~s mpie~rntt•d thrr+•1ry. nc~ Sk±rttagt•t~ ~hatl, i^ ,-umprding the- amount of Stteh
<br />itxdt6trtinrss, : rtdit to rtie ra-crrrnt of the ?ttutgag~u ;xi] pasttirrotc mule under the lYOnsitm, of {r.?of paragraph Z-
<br />hrrtwxf avhirh thb 3inngngce has: not In-com.°.rbligatrd z++ p:h tv the arrrx-tare of }iuu.ing ~tJ [`rbun Devcloixrtent
<br />=uad unq t~taattt ri maiaing in ths• fend- .+crumuiaxir•d under the proyi.Sun~ ref =- of uarat;rsph ? hrrrvtF• If there
<br />-,hall tw a dcfautt under ant of teen trtcrxr-t:ntr ;el Lt+V> [m+rtp~r• m~ultins; rn a parbtic 'aft of the-prseni~ey t•uvrred
<br />hrxrhy'• +x if the 2hxtt:ugrc ;trqutre-a th+~ pruprrts rrthcrK-i=r ufti~r rtcfauit. the- \1ort~ag,avt -ltati sppit~. at the time of
<br />ihr -ummencemrt+t of web prtx (.udintt~. ,.r .+t !t+c c+ma+ tyr prupertt i> utht•r-+i-r az•quirad, the hulartct• them rrnruitt-
<br />inx in for fund- as`cumul.urs3 under : • ~ of } nr,~i~pb 2 pmt°eriinx- .ts n <adii ~~;riost tAcr .mount ul priot'ipal then -
<br />rrhnaiuinr unpaid undu_r -aid arrt.~_ antf -hall propa-rte xdiu>t and paymrnt< uhirh -hail h.+te been muds under f+:i
<br />ui parxetr»ph '•
<br />~~ ';'bat the Stonguhr[ a 3 na: en=m,a= +,: rat,. taxe4... , „tntnts, ., atar ,ales. dttJ other i:orcrnmemat nr !nuna<ipal
<br /><harrr-~, line,, .=r ~ t: t'• ~ z .r?, Any-t -, ,,r+ ~.., ,. keen ;ntJr hrtcsnhrCt+r...:rty° to Jctau.r :t,rrc<sC Eht \t nrtgugre :nay
<br />;?a{~ the nGYnr- arK1 that She ]ttutc t : za,r ere , i,-it,=~rr he -f`i: tat ~ ereip[. thriricrc tr, the R1eMtgagre.
<br />r
<br />- The >torigag,*r , tia na} art -x •, :.fin ;: ;nag Sx -r=+cd ulkur tt:r ?t.attg:rgcc > intcrr>t m ,aid rent ,•.tste .tnJ imprave-
<br />retrntc. and ahi.h nay t~ taw wd ufuet rh+. +,+. r ~scr or the ,Behr reenrrd hereht ;hut r,nit-its ihr extent that such is nqt prohibit-
<br />eti by taw srW unlc to the extent tna n.rr x , -.,et ms,Aa °h+, ,~,,;,n r.,iinertt+l. gut cx:.iudtnk xrzt mccros tax, 5tatr or C~tdtr;d,
<br />imposed an M+utgagec. and a+U fik the +rthaat; r~ erpt ,hoaang each rata-event a tth the ~kutkagct. t'pan yiuiatiou uC this undrr-
<br />taking, or if thy. ~ttutg-,igut s, p.r.rhehtird t=} am L:r n++a .,; hrmattce uxr+tittg frsrm peryutg the chute ,zany p,utiun of the afore-
<br />nard taxes- cx trp+rp fhe trnder+rlg of ~nr :~+ur s .1- ~tre- t*roiuhtung trey p..vrnent troy nc~ RiuCtr_Cagu[ c>r :in?+ tinCh t:ixt:t: Ur If Tnrtt law
<br />are Jrcrre pr4ridrs that ilny .unnunt ,o p,ud M [hr \ir•rtgaz,=s .h:,tt '=r ,.rcdited on the ~n„rtgagr dept. the lturtvagee xhall hate
<br />the right ingitiK ~unct} dal.,' .yriaen n<utcr 3o tree ,=aria ,;t the 2tPrtfagaJ preniisrs, raquirinµ the naymrnt of Iht mortgage
<br />dept. tf such rurtict l+r gicrn, [hr said debt shat! ht,+~mr due, irggablr and ~o?Icctihk at (ht ea{utatnm ut said nines, day..
<br />h. That ,Mruhi hr tart «, lay :,m' ,um az 1,rep ant c -..,.;rnt pr,.widr,l Eery to this siort~+gt, then the M1tort~gee. at i[e up-
<br />txm. may- t4i3• ,x ~tfr?rrn rhestnc, auJ nit rxprmiiuxr-, no anad+: ,hued Madded ro thy: prineipat cum ua-irtg un fhe nixie°r mule,
<br />chap foe srcrutd t#rci•>.. and shall teeny insert.[ 5t the a:it~-.et fa*cth sa t?te ,red note. until paid.
<br />. "f hat he hereby ussrga>, trannirr.,rnd .rt, ;net to ;ht xl,.etgagtr, F., Em appitrd u,a-urd ihr payment of the note :utd at!
<br />vums yscurtd hertbl- in ~ :;.r of a ,ietauft to ttu ptrt,~rmancr £rz ant of the teeny. next , andititrns ui this ~fartpage or the tiaid
<br />arrtr, :Jl the rsntn, rt+rnur- and im:antt tr, hr derrvrJ fr,+nt the rrcutgaged ptrnricts during .uih time as the mort$atze ittdehied-
<br />ttess serail remain unpaid; and itx ~tautgtzgce .hail tur.r p,rars t.r uppanit ,tip u>;cnt err agtrt4 it tnay denier for the ptupo,e of
<br />rtpatrinpsaid prsrnewtn need of rcming t}re.ante o~d Coitt.hregibr rcpt.,, ;rvrrruen anJ aruxrntr, and $ ttaq }+ag cwt gal tiaid in-
<br />c+tgres aikeaprnsts o[ repairing aid prrrniits :end ttrcessan~ comrn+snruns and txpennra tnaurcd m renting and.munarding ihr
<br />:. ... .; t..• :d.
<br />?atilt alrJ of 4'rNiry:ittit( iCi[ini,.i i+`a<rcfrvwA. six i.tiiiaPe~e r2 ~sinr i~ s ..'. c c.{ :ir•F.ii,,u ,,. .. a,v .,,,..,.,:,. :rF ..:... ,,.. rtpaftt
<br />ttxfttutslru>t•..
<br />k~. "that let aviL ksdp ;hr nnpnaycmtnil naa d.anung yr htreattrr erect vi esrr .he eu,t ti».~ed ptupzrty, insured :+s may ter
<br />rtquard ftix;§t tirurr to tints by tt~ htungagrc cytarnet tos lg tirn 3tru orhtr h=x.eNs, canuaitien anti a anungrncits in such
<br />:imrt}ttts feu nuthpaCnety as meg t+s rt-4nircd h} ±hc ':d.rrtgagce anJ' wilE not- prumptFv , whsn duo, sn. prcmiunre ,:n surit
<br />tnuuan_ce puvismu tt~r yg~mrus .J' xvbi<~$ ~ axle fxen mmiz htrcinf=ei.>rr, .~L' mkua,+rur Thai! Orr :=urira iss . .,:ors up-
<br />;rcurt,.i ¢p,ibt \[a-r (ga~rt :end rtes puii.~iex urtef rcr-ea,r;n tFiertot tht7,: pe; held ht the 51.trtga~tt anti par->: tnaGh: .etc; I,~s~
<br />puga4de ctauatx~Ht fiivur rtC urid in [ra'm arcaptst>ft to the Marrigagrr. In runt .r1 4z a Mttrigttgae w1[i gi,~r unateaw~~_. ,.,city r+v
<br />moil tb lhs hfuitte¢. rv'lto may rnaKe prwzf ,+C !:rnc et rtuxt tttadt rotoptty ity ?atC,rt}taMOr- and each iri orator 4t+rrapatry diem.
<br />.erhed fx htxtly atsthcxaztd ;enxt ahrs4trd to msikt papmrnt for +iu•h c:.~,ttrce3iv to tier U,7rtgagtr mstrrd a+C [u the ;vtor(ttagot
<br />neat else ;i~urtlaraee tautHiS= and rats pnWnnct pea+stt i°, ¢u ,taY pan thsrr sf. -nag- he vt plied # x the Murrg,epea t t~ upttoc+ asthtY
<br />iv?l,~r~tE>`trnn(~-e~k',t~~itttA~Cw~~rt~y ?rCiertt. -1r t~ fi~::5ttrri+«{ar_r PepaN r. ,rid ~Y A,~r't1 <ldnl:i~„r. l., a•ctit,. t.rlc.. tcr~.
<br />,rrftrrttgri,•xrkti>;,µc,..,,ihtruangffra,~CtN.%E°--ri,t~;r~ortftrkt r,,}attt;u!txt+r•,ga+ixhmrnt=-[Cpssaxtdhtcrtree+,>ea.re.iEretai+).
<br />attright,titks~nt+nrr,e,~.,rLhst+Jeayg„+gi+tina+raiae,eny+ .,t;an:rt+criieicetrwnn~ia~cshaElca~st;rizret+ue.hd>cr,rrtirntrr.
<br />M -t heel n• ~adsnov:,~ r,r,i r. ~taf¢raf zerutity fr+r rile r :ttent _ 4 t1Aa nets ;#t -: tt+r, , .recd sit ,t:nz, t<- h ~rtrra' star trudCt ;hr
<br />cvxrre~e'. tbu °dwt~,:r ha•th, axs+¢nn+u the Wsutg~,x .r irti+s •r3crruts i 1 trc,, Ott •:>iC-irenrht, :r:crumg. to the
<br />bi..rr ~n~e w.uSrx snp aW nit wl .net g,tt ~¢se, .w a,a per ~.. _ 3'~h r!rr. -itt+it tc rs.,, te.r aml_~~t.pt a'-'ra- nc~ xaane = ni ~>t=,r?v
<br />tix.•, , ,; nxlrtYu •, ~+, +rtr hslirvt ab-at ter r3e; cult eq six trrart+,.u. e.t ih+r r^,e+ar,-,ac, an.i the ~<a°t~ptc rYay dtrt,ur+.3, s=re
<br />•4rr ar J ~~ cr ,~a} rt.~ L P_, .,. - ..hen ape a+n) r'45 ,J•iR h,+t,ahel, !wrl t>t; r.a r, a. _-,,;a + rhrs aa~ignarcun i+ t ,ctanrrtptc-
<br />-#+PWf ••t..NOC r2a72 ~n4 a, n• t • 't „te"d,e .,t tine artc.rit[.1gc, - -
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