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<br />{ 1) nztt»tlt pricxr torts due dais the atutuat mortgage insurance premium to order rca pet trifle such ttuldet
<br />wsttt futsds to pay such prcxttiutn to [ttz Secretary of Housntg-.and Erban ry*tveltaptrtettt pursuant to rite
<br />T4atiorta! H+otuing Act, as amended, anti applicable ttegtdatiorts thereunder; crc
<br />(t#):. if aad;:so lot>$ „as said note of evert date. and this irtstrutreent are held by the Secretary of housing acrd
<br />ttthsn fAevulupattent, a-tttetntltiv charge fiat fferr of zz morrggge arrsumare prumtum# which ahaiI tse in an
<br />amount cc}ttal to one•twel'fth {l,fl2) ac tare•hatf itj~~ per eentum of the average outstanding balance
<br />due on the note ctunputed without takritrg into accatmt delinquencies or prepayments;
<br />(h1 A s.tm equal iv the grouxtd xettts, if arty, next floc, plus She premiums that will near become flow and payable r,rn
<br />policies. of ties and other haaaxd insurance cowering the martgaged property, plus taxes and assessments next due
<br />on the.. mtasigaged propeety fall ac ettiaaratexf by tke A9arzgagceJ less all Burns already paid therefor divided by the
<br />aucnb~ of mattths to elapse before oru month prior to the date when suety ground rents, prerrtiunns, taxes. and
<br />as~ssxnents wl11-lneecnte delinquent, such sumsfo be held by Mortgagee in trust to pay said graund rents, pre-
<br />rnittms; taxes and special assessments: and
<br />(cj .411 payments mentioned ir, the two preceding subsections of this paragraph and all payments to be made under
<br />the Ware se.trred hereby slta4l be added tagether, and the aggrepatc amount thereof shelf be paid by the Mortgagor
<br />esch month fn a single payment to he applied by zlte Mrrrtgagre to the ialkswing items in Tate order set farth;
<br />(1) prernituat ;:barges under the contract of insurance with the Secretary of Housing ward Uroan Development,
<br />ormantlily ehargeiin lieu c~fnrorixaRe irasurarrce,nremiurnj, as the cast: may be;
<br />jll) ground rents, taxes, aa-sessntents.l3reand other hazard insurw_• e premiums„
<br />([dt~ tnt>~test r)n rite note secured Hereby : and
<br />(lY} amortixatian of the principal of said note.
<br />arty dsCtt7ency in the amount of any such aggregate monthly payment si*.~}, unless made geed by the ~#ort-
<br />gagar prior to die due -date of the next suety payma r. ~unstittrtr rn everx of de€auit under this mortgage. The
<br />h4ortga~c may collect a `"late efxarge" nut =.o exceed fu[tx cents t`~t) fur each dollar (S } i of each payment more
<br />than fifteen f 1 c} days v arrears. tti cover *.IZe extra expense invalved itt handling rtelinquent payments.
<br />~. That if tit€ rota! of tine paatrronts made by the 11ort~a2ur tinder i{,1 of parar~rsp}: '_' ptr,~eding shelf exceed
<br />tree amnun#'of pao7eente acwal!}• made by the tiorti;a~ee fr,r t,round rent. .axes wnd a ;;e-~ments or ineurastce pre-
<br />ra%ums. a~ the case may be, .uch excess. if rite Itxtn is current, ut the opuatt ut" rlne ~9artgagor, shall be credited by
<br />f:.qn ' ~ oanrw. nn ..lij,+~'.~~a t i,~'T.ra+a.--, x- _._an b 4. xt .;r {.. ,i i .~, ,Se, i7,rf.ua~nr tf, hataevtrr, the
<br />month!, pavmt>nts tnt~de tak xhe ;+1~tgo{;ae under t ^; of paragraph _' preceding shall not be sufficient to pay ground
<br />reed, utxear attd a3-~assment~ ar rnsttxancra pmmium<, a~ the. care mstt hr, Hhen t:tte same shall become duf and pay-
<br />:tbie. thou the iiortgagor ahali pay to thct lnrteagets env ;tmount nt>ce-:-wry to make up tlte- de=fieiency, on orheforo
<br />the dste whon paymt?nt ot'rurh gund mnt.~, tart:-~, a.,.:e ~menr,~ or insurance premiums .~hati be due. if at any
<br />time-rite 31urtp~agm tha$d totndfir to fht+ 3iortta;ec~, in ;treurdance with. the provisions of the nnte secured beech}°,
<br />fu#t paytnens of 1#ne enure ndetatedne:~~: rs^presc>nt~d titerebi. the \ksrtgatxte .hail, iu tnmputtnF; the amaunt of =uti•.h
<br />intiehtedncss; credit to the acctwnt of the M1ftu-tgagar <t[I psvments made under the provisirxts cif it,•.7 of paragraph 2
<br />hereof x3ticli the'iloxtgagtte htv not beeonte olals#tarrd to pea' trs the :rr•ret:trv of Hnusang _nd 1'rhan Development
<br />and=any iraiance rxtata.ining in rho funds act amnlatt~d undtar the prostion of %'',! of para,t;raph '3 4aora~nL [f there
<br />shall lie a default uttrier vts. er# rite prvvisitxt~ nC thi- rnurtgage rcwltin~,~ in a pttl3tic .~;tlrr ref the premtr:e~ covcrtxl
<br />hettt+hy, or if f.'te ~~rttager• aLtlttnes tht- ptxrpertc otherwi ~ts ttftee dt~fault. the \larU:agt'e hail ,ippis. at the time= of
<br />the eomraencemmnt of vetch prtviceedin,e:~e, ur at thu rime the prt,pcsrty V= othterui:=a~ at-yuised, the haiaatc°e then remuin-
<br />ing in t3ru #und- accumulaurd under "~: c>f paragralsh `l prrca~ling, a;= rt t-rndit ariain~t the amount of principal then
<br />rtynaining unpaid under paid Wort:, and :~fnaft pn,perls' adju:-t :use, paamc:nt~ xhat h -h:tii haie• bt•c,n made under lc;
<br />of para}traph '_'.
<br />=t. Chat the '.Vlortgtgor +e~ilt pad grtrutrd rerns. tnxr,. asaessmcnt, u,,?rr rates, and other soverrmcnlat ar municipa3
<br />chargc^~. fines. ux i:rtpositi=_*ns, f3r whr-h p;sxi_4von hies Wert been madz heretntaei nee. anrt an ai;;auit rlterrof the ~utortg<tgae ma}•
<br />pau ilte-same; .tnd that the!wftjrtgagar wi4t trrr>mptly delivr: tht t>ffiera} retteiprs therrft?r to the ?vlort~gee.
<br />~. Ttie Mcsrteagtar wilt ps5 alt r.:•,es which mace t?r levied up,an t.x ~ioi:~.ecr's interest. in said rear estate and imprave-
<br />ments, aat# which :r<<cy tse levied upt?n this ntczrtgage ar rite deist secureQ hereh~ ;:;~ c:nq to rite extent that such is not pra#tihit-
<br />ad tst ?_~++; anu'<,nin ;tr Ttte cries. *'t::. ,,;..h will net make this loin usutiousi. ~:rt excl.udin;~ an°; income tax, State or f=ederal.
<br />mpc»rd un qtr r.~.~;.ee..,rxu isL° the .~'ficia! receipt chowing suchpapmtnt with the Mortgagte. Lpan violationof ibis under-
<br />txlcing, or ff tit: At;?rzEvror is prataii!it~.! hk wry `r.^w crow ar hert~after rxististg f[uttt paying rite whale or any: par[ionx}f thesaArre-
<br />;aii] taxes, ur aprn rite rrs!der,nu of ang court decreetxrrshibititag~f~e payinentbv wire Moniagoror~nv. such taxes, or if such law
<br />e:c dc::rr: ^: cis ides the; .urn rnotutrso paid. by the iticartp~urslttdilae eredi.ted on the. mortgage debt, the i4artgagec shall. haver
<br />the r:y;ht =.+, kivr, n,,et~ ~~~.` vt-ritun ntxlce its the rtv,rier of the nrcrtgapsd premises, requirieng rite payment of the mortgage
<br />deb:. i f .u: h no[ ~~ t~ i yen. Use said debt shaft l+ecnmc due; pavsbreand colfecnbfe rst the expiration of said ninety days.
<br />r, !'hat sstou;d he f3ii to gray env ctrnr arlteera any coven sit Frt7vided f.ar rn this mortgage: then the ~#ortgagee. at its op-
<br />ticvat.:.ac t,ae. eu prrfnrm itsr ~arrte; and-aft expend ores vo made shelf tse add;:d to ttze principal sum caw4ng vin tfne;it!ave mate.
<br />,hail tx arc:[rrL hcrch~.. nd ~nafl exec inrerest at Y,ftz r::tt set forth in the said nt,te. until paid..
<br />1 hat he ncrrb~ :xsigrts, tranders and sets ever to the ~lartgagee. zo be applied tr.+ward the payment of the note and ati
<br />Burns .~c~u~eo rrreh~.~ in ::a.~ tat adrfault. in the perfertrrastee of any of the Perms and cundititans_ t~f this lortf3•age ar thr szeid
<br />.,ue..t'a the ream, r_^<rn:,ea zndinc~me rofiu derives from the martgagcd premises ifiuzing such time as zhc matte insietxted-
<br />nes • hail rrms:n t,n,Ra,:f::sr.,i the '+~ortgrtges shall ttstve power to appoinr aav agent or abents it ma}~ desire for the purpose of
<br />;c-nsinns <3id rrzmisr, :;nd „f r~nri ti€e s:uzne and ~,ltttting the estate, rmvenurs find ncama- and rt mat pay c,ut of said in-
<br />.;mnes >'i ex{,rnse ui rcnserng saiM1lprcmises and necessaey e:tammissians and expenses tncurrpri'inreining and managing the
<br />same zr,d esf co!?~ctrrt~ rear±a;s these#rtam; xhe ha,~anee remaining. if <tnv, tc, be applied towart'~ the discharKe rcP Bard mortgage
<br />sr;rthtcdne~•
<br />x. %'},,;rs ^c ~ ..~ rc, •nr :-n;,mvemertts nr•x:: rusting t>r hereattu erecte.1 on the mortgaged propert~:~.. insured as may t*t:
<br />:Ygtr'rssi :coo: tame t" trine I.,L. t!*e tte,rtaager ar,.;-tinst.:t<+s~ by fitQ and other hazard+;. ;;..~cuafues sod c<sntingen+ries ia: such
<br />:tnnvnrs :en:-e far :ueh pcrroci; a~ n;a.• ++e rc~uired E v-the tl+arafee anG:trift pay prortrprlt, wizen due. ,.tnv p*emiums on such
<br />=np-zar ncc ;--rr~c,vtvn t~:r pavrarr.+_ a:` wzxch has .~o~ i+ezr++ made lrerein~fxxe. x111 insas,ranee straf# ire curled its cnrttpatxies ap-
<br />~.,+i•J hr ',e `f:vzg.~tger :,nu tt,r ck>tiCie•. ;end rerrv'ar• t1:W-t[o! Sha44-C?e tiCFd by ihe.'x;{i,-~gagc~ aittthavc.'~tI:7Chtd theYttcr fes5s
<br />tsatsoric -asasts :r. tav;~, , -~J };, fa+rr~ aca~•pfasrii, re< the Stort{;aie+c. fn went +.>f kt±s Mtutgtgor u~tit t;iti2 inunediate novice t±y
<br />a;4,i: r.~ :hr ;~oa?~,~nc. -~ha rc:,t :~,s,c - m•, , roe :^.stie nra~>nsnt'.. ,,~, A[ca'L[tt#,'tx~. andeach i~curanea ecnzpu,s ctu,-
<br />~.cttr~rd s hrrrt^. ,wth.x:z ~ ,mu dart J rc .~;aRC ,,- : rnrni s.uc: kr , .<<tcerir :., the ?vfctrigttgee rrstrtttf ref tit t}na :Sior'~a4c,r
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