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<br />:t.^a~;~unz equal t„ cstae-tttt: *-~ it•,~i ; x,e-fa;s (1 ".; pe'...€ ._:-t u =.heaver:sge outsta;-dt;rg tFaia:r.F
<br />u>_ u, vr.~ ..~._ s - :rd a ., to€Fra? ,: _ , a_~y ::r,~e;, r prepay.<.rris
<br />ib) A su.T eq«a3 tt tee gr ,;rz re-~tis. if > . ^ext due, yews itt ~. _,,.i~.rrs ?i+a* w. ~_... otczxre dw .. ; avabc ;;,,
<br />^f' ..:.' ~ hazard ,ns~:anct ;:ten ,r ~' .,
<br />}"*FCi:3 ., ;li,. 2,. :~i lee 3t '-x'':P ".^.L,`_i3~~.°i p: v-ptt-;ti, pit"- e37Li"_~ a>_ SSSCStJtit'ntS r~xt r.~-~
<br />-.. t_ r . a:,rag;>g°d ptoperzy +ati as r :m.7te: b; rite .Sf=.r.gage , :tea a._ ,a;:ns aready paid .lttrefot d?vtdrG ~. Li'.e
<br />•..nrct e; rnonti;s t~: ~iaose btf,te arse ;-,>ntit F ._r ?<< ?i:e :,~._ .,,: sus z-ac:;d szntt. rte^iitters, taxe<_ .::^,d
<br />assrss;;i~nts wui hcco,.te dtlfnyurnt. soots sums to ae iteid b :.tcrtgagee s?t trust to pay said grrurd ten?=- pet
<br />mums, .axis and sptciai zsstssmrnts; ant
<br />(cj .~!! ea,^~_nts mentio;~;1 in the ;`~;v p;ecrdirg suhxcti.,rs of tfiis paragrag*: and ail payr*.ents ?o be ma;it urk;tr
<br />the note secured hereby shall be added to~ther, and the aggre~tt=amount thereof shall be paid by she M3rteagcr
<br />___,. month in a singly payment to be app3itd b,. rite Mottgaget to the fu31o°;ving tttms in the order se? forth:
<br />i3) premium charges under the contract at insurance with the Secreary of Housing and Lroa_n Develupmert,
<br />or monthly charge /tri licrzF u(mortgage insurance- premium), as the case mar be:
<br />il3j ground rents. taxes. asstsstrents. tyre and other hazard insurance premiums:
<br />?1!Ij trteresz on the n,,.. ,...:red hereby: and
<br />QV} amortvation of ttte principal of said note.
<br />Any deficiency in t:~te amount of any such aggregate monthly payment shell, urdess made ?e>Od by the Mcrt-
<br />gagor prior to rise due date csf the next such payme~;t. constitute an event ~f defautr_ under this mortgage. 'fate
<br />!+forigaget may collect a "late charge" na± to exceed four cents f4K) for each dalIar (51 j of each payment more
<br />than ftffetn (15 j days in arras tv cover the extra txperse involved in handling delinquent payments.
<br />3. That iF the fora( of the payment= made by the iiartgagor under =oj of paragraph 1 preceding shall exceed
<br />fire amount of payment' actually- made by the linrtgagee for around rents, taxes and assessments or insuraaz a are-
<br />H,iums, as tits ea._e may be, such excess. if the loan is current, at the option of the iiortgagor, shah be cr~~ited by
<br />the 4~rtgagee on subsequent payments to be made by the Mortgagor. or refunded to the tortgagor_ tF, however. the
<br />elortthly payments made by fhe Mortgagtx under (b1 of pazagraph 2 preceding shall pat he sufficient ru pay grout:cl
<br />rent, taxes and arse-smears oe insurance premiums, a_c the case may be, when the same shy!] become due and pay-
<br />able, then < 3e 0ortgagor ;hats pay to the tortgagee arty amount necessary to make up the deficiency, on or 6eforo
<br />the date when payment of such ground rents, ryas-, assessments or insurance pmmiums shall be due_ Jf ai ape
<br />time the lforzgagor shall tendee to the 'Mortgagee, in accordance with the provisions of the note secured hereby,
<br />full payment of the entire indebtedness represented thereby, the S4origagee shall. in computing the amount of such
<br />indebtedness, credit to the account of the Mortgagor all payments made under the provisions of ,•"u; of pazagraph 2
<br />hereof which the Morgagee figs not become obtigafed w cay to khe secretary of Housing and (`roan Development
<br />and any balance remaining in the funds accumulated under the provision- of (b; of paragraph 2 hereof. If there
<br />shall be a default under any of the provisions of this morteage resulting in a public sale of the premises cowered
<br />hereby. or if the 3iortgagee acquires the property otherwise after default, rite `Ibrtgagee shall apply, at the time of
<br />the commencement of such proceedings, or at the time the property is otherwise acquired, the balance then remain-
<br />ing in the funds accumulated under %bi of paragraph z preceding, a= a credit against the amount of principal risen
<br />.~„ai€,ir,g unpaid uttder said note, and shall property adjust any paymcmts which shall have been made under (al
<br />of paragraph 3.
<br />=t. That th. 'ytortgagar will pa}' around rtnis, taxes- assessmtnrs, w ^atts Ana •-thtr gevtrnmtntal or mu:.nspai
<br />ehargts. tines, z:r impositions. for which provision has nut been made hertinhe=.`.,rt, and in d€fault tltertef the 4fcrtgagee easy
<br />~- "_ - -' - - rhz = - -~-- 4.t?f premp[iy dtnvtr t ,,., rect;pt3 t;,ti ct'ui i tnc rioifgaget.
<br />5. Tae `Mortgagor wilt pay ali~taxes which may be levied upon~the bfortgagtt's interest in said real e--si=re and irnprove_
<br />attars, and :which :nay be levied upon this marttage or fhe debt secured hereby fbuf only to the extent that such is not proht~it-
<br />td ;s lay- and Drily to the extent that such will not make this loan usuriousl. but e-,riuding zny income tax, State or 1`edtral,
<br />imposed on hfortgagee. and will fife the official receipt showing such payment with the Mortgagee. Upon violaron of this under-
<br />taking, or if the hiorigagor is prahibited by any taw now• or hereafter existing from paying the whore or any portion of the afore-
<br />said taxes, or u)>on the rendering of any court decree prohibiting [he payment by the Mortgagor er any such saxes, or if such law
<br />or decree provides that any amount so paid by the Mortgagor shall be credited on the mu.*tgage debt, the ?4orgagee shat) have
<br />the right to give ninety days' written notice to the owner of the mortgaged premises. requiring the payment of tau mortgage
<br />dtht. If such notice be given, the said debt shall become due. payable and collectible at the expiration of said ninety days.
<br />6. That should he fail m pay' any sum or keep any covenant provided for in :his Mortgage, then the Mortgagee, ai its op-
<br />tion, may pay or perform [ht same. and all expenditures so mad( shall he added to the principal sum owing on [he above note.
<br />sisall be secured hereby, and shall brat interest at the rate set forth in the said note, until paid.
<br />%. `that ht hereby assigns, transfers and sets over ro the Martgagee, to be applied toward the payment of the note and alt
<br />sums secured hereby in case of a default in the performance of any of the terms and conditions of this :{ortgage or the said
<br />note, ail the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indebted-
<br />ness shall remain unpaid: and the Mortgage( shall have power to appoint any agent or agents it may desire fc- the purpose of
<br />repairing said premises and of renting the saint and collecting the rtnis, revenues and income, and it may pay cut of said in-
<br />comes alt expenses of repairing said premises and ntctssary commissions and expenses incurred in renting and managing the
<br />saint and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage
<br />indebtedness.
<br />R. That itt will kttp the tmprovtmtnts now• tats=.ir._ cr tttrtafter trtettd cn the mortgaged ptcptrty. - : _- may i+e
<br />required from time to flint by the Morigagtt against lass hp• fire and other hazard,, casttattits and coniingcncics in .'such
<br />amour;ts and for such periods as may be required by the Mortgagee and will pay promptly, when due. any premiums or. such
<br />insurance provision !or payment of which has not been mad( htreinbefere. A31 insurance sha31 be carried in companies ap-
<br />prov€d by the Martgagee and the policies and renewals thereof shal3 be held by the Mortgagee and have attached [hereto loss
<br />payable ciausts in favor of and in form acceptable to the Mortgagee, In event of loss Mortgagor will give immediate notice by
<br />mail w the Mortgagee, wt.o may make proof of loss if not made promptly by Mortgagor, and tack insurance company con-
<br />etrntd is hereby authorized and direct€d to make payment for such loss directly to [I;e lt4ortgagte instead of to the Ev4artgagor
<br />and the Mortgagee jointly, and the insurance proceeds. or any part thereof, may be applied by the Mortgagee at its option either
<br />to rite reduction of the indebtedness hereby secttrtd or to the restoration or repair of the preptrty damaged. In (vent of foreclo-
<br />sure of this mortgage or other fransfer of title ro the mortgaged property in extinguishment of the indebtedness secured hereby.
<br />all right, title and interest of the'v4urigagor in and to any insurance policies then in force shall pass to the purchaser or grantee.
<br />9. 7'itat as additiona3 and collateral security for fhe payment of the note described, and al) sums to become due under this
<br />rtost~ge 3ttc :'i3ot7pr hereby assigns to Litt Aiortgaget ail profits. revenues, royalties, rights and benefits accruin¢ to the
<br />Mott~gdr'under any and at! oil and gas leases on said premises, with the right to receive and receipt for Yht saint and apply
<br />ihtm to said indebtedness as wtll before as after default in the conditions of this mortgage. and the l+tortgagee may demand, sue
<br />for and recover any such payments u en dot a,-.rI payatsle, but shall not be required so to do This assignment is to terminate
<br />and'oecome null and void upon release of Phis mortgage.
<br />FHA-3 i43M t10-77)
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