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~~~ t l) n,crntit rte :,, • ,lo-~rr. daau. J., are„4 ~ ,,.~,tua~ _ _i:aul~w !~ -n.;~n~s r_ ~r3wsr a s >,ivic~ir I s s-:.,er r.ttn run<y tc ,ice, s_.,h i rs.rn[.,,, .r= t.tte ,~Se, rear;: { t f#,,,~usin~ rrc..: ;.~ -,ar¢ ikr'eisals~ ,-;.us.anr r ;the '+iatianai fiousing A: t.. ,as' an.?er7de,J-and a'~G.p7,~::ab3e R~e~~~ila,rt?+:ems tiaereu^ter, ur tit) If and sn tang as s:sid mote off evert date and ahss instnument az~e held by ticc• :lea:relary of Rin~using art:i trban Deveiapmen#, a monthly charge tin Lieu 3f a mortgage insurance premium] which snail be in an antnunt equal to one-twr_lith fl%12) of one-half {llii pQ* se::tum of ti:e average outstanding balance due on the note computed without taking into account delinquencies or prepayments; A sum equal tp the ground rents, if any, next due. plus the premiums ?hat wily next become due anal payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on thz mortgaged property ,/elf as estimated r}v dre ,4furtgagee; less all sums already paid therefor di•rided by the m tuber of months to elapse before one month prior ao the date when such ground rents, premiums, taxes and assessments wilt become dehncuent, such sums to be held by Mortgagee in trust to pay said ground rents, pre- miums, taxes and special assessments; and P,fl payments mentioned in the two preceding subsections of Yhis paragraph and all payments to b° made under the note secured hereby shad ba added uwetlter: and the aggregate amount thereof shall be paid by the Mortgagor each month in a single payment to be applied by the Mortgagee to the following items in the order set forth: ~~t v {b} (c) {I) premium charges under the contract of insurance with dra Secretary of Housing and Urban Development, or monthly charge ; in lieu of mortgage insurarrre premium%, as the case may be; {it) ground rents, tares, assessments, fire and other hazard insurance premiums: {lll) interest on the note secured hereby; and {IV} amortization, of the principal of said note. any deficiency in the amount of any such aggregate monthly pavmant shall, unless made good by the fi-~rt- gagor prior to the due date of the next such payment, constitute an anent of default under this tnangage. 'Ilia Mortgagee may collect a "sate charge" not to exceed fncr cents {4¢) for each dollar rg 1) of each payment mr>r: than titteen (1 ~) days in areas to cover the extra expense involved in handling delinquent payments. S. Thai il'the total of the payments made by the Vongagorunderlhiof paragraph ?preceding shalt exceed the amount of payments actually made by the iliortgagee for Around rents, taxes and assessments or insurance pre- miums, as the case may be, such excess, if the loan is current, at the option of the Mortgagor, shall be credited by the tlorigageE on subsequent payments to be made by the Mortgagor. or refunded to the ortgagor. if, however, the moo#htv paymnntc r.,?~ by the Mcr•tgag~ ender %t~; of i' ugsaph 2 Y.eoe:.t:ng shat! net be sufficient [~ r, y b. V;,nd rent, taxes and assessments or insurance premiums, as the case may be, when the same shalt become due and pay- able, then the Martgttgor shall pay to the Mortgagee any amount necessary to make up the deficiency, on or before the date when payment of such ground rents, taxes, a-'sessments or insurance premiums shall be due. tf at any time the Mortgagor shall tender to the lfortgagee, in accordance with the provisions of the note secured hereb}', foil payment of the entire indebtedness represented thereby, the 4lortgagee shall, in computing the amount of such inde6ttd[tess, credi[ to the account of the Mortgagor a(t payments made under the provisions of f ai of paragraph 2 hereof which the Mortgagee has not become obligated tri pay to the `<ecretary of Housing and L'ebarr Deveiofxnen[ °-d aa,y baia:.re ^~° ing i^ the ft:nds accumulated under the provisions o£!h) r:f naragrap#t 2 here~nf. Ff #here shalt be a default under any of the provisions of this mortgage rnsutting in a public Bale of the premises covered hereby, or if the y4ongagee acyuires the property otherwise aster default, the 3iortgagee shalt apply, at the time of the commencement of such proceedings, or at the time the propene' is otherwise acquired, the balance tires remain- ing in the funds accumulated under !5) of paragraph '~ preceding, as a credit against the amoun[ of principal then retraining unpaid tinder said note. and snail properly adju=t any payments which ,hall have been made under ra} trf partt:;raph ?. .i- Thai the !vfcsrt~ak+or will pav gro„ni rent.- rxes. at<ec.menrs, u-3rer rase and nihet guv.ar.^.s?tenta ^. ,^.*.t!.~rtC.pa! charges, fines, or impositions. for which provision has nc~t been made hereinbefore, and in default thereof the Morlgagee may pay the same: and that the Mortgagor wilt prompts} deliver the otfiicial receipts therefor ur the kortgagee. _. The niorigagor wilt pay aii taxes which ma} be te~~ied upon cite Mnn~gee`s interest in said real estvte and improre- ricr,ts. area 'w'iriti it T s hs %ct icd u(tin Tier r ra~a~e ter irrc e~•t iecttred 5efc%v bUt UniF tU the esfent fist ~uc[r is rfCrt DrOhlbt[- ed by law and only tc tit- °xtent that s,sch wit': nc*t make this !csn usurious;. !±ut e:c)ud€-g .try incomz tae, State or 1'edera:. ian~o±i'd s._an nr~Ee2. a- -. ,, -_e t~rr- iaQCi~it *~-~rirt y-. _-. -- - - _ - _ n,g.,f ~.~ith the ~%r L~rfga£2i:. ran v:n,ae, n €=f t •- king, er rf the Mo a _,r .s pre tribited ~} arty tai{ 3t.w or he 9a~fter t ai. tines frt,r__ raying the whote~or env portisia ref Lh,.'~`~°- said taxes, or upon the rendering of any court decree prohibiting the payment by [he Gfertgagor or any such taxes, or if such taw or decree prc~ides that env amount so paid by the Mortgagor shall be credited an the mortgage den[, the Mortgagee shall have the right to give ninety dxys' written notice to the owner of the mortgaged premises, requiring [he payment of the mortgage deb[. if such notice be given. the said debt shall txcome due, payable and collectible at the expiration of said ni.^.eq days. fs. That should he fait to pay any sum ar keep an} covenant provided for in this Mortgage, then the Mortgagee. at its op- tion, map pay or perform the same, and all expenditures so made shall be added to the principal sum owing on the above note. shat! he secured hereby, and shall hear interest at the :ate set forth in the said note, until paid. .. That he hereby assigns, transfers and sets over to the 'yiungagce. to be applied toward the payment of the note and all sums secured trereby in case of a default in the performance of any of the terms and conditions of this Mortgage :rr the said no[e. aft the rents, revenues and income to he derived from the mortgaged premises during loch time as the mortgage indebted- ness shah remain unpaid; and the Mortgagee shah have power io appoint any agent or agents i[ may desire for the purpose of repairing said premises and of renting the same and collecting the rents, revenues and income, and it ma} pay out of said in- comes all expense, of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remtiining- if an}•, to be applied toward the discharge of said mortgage indebtedness. 8. That he wilt keep the improvements now existing ar hereafter erected nn the mortgaged properly, insured as may be required from time to time by the ltlartgagee against loss by fire and other hazards. casualties and contingencies in such ama!nts and for suo„ periYds as may be ra4uired t±y the rx-'f^-r?ga£ee and will ^a-• promptly, when d;:e.:r^} ?reinioms ;,r: eta^.h insurance provision for payment of which has not trees made ttereinbefore. Al] insurance shaft be carried in companies ap- proved'ny the Mortgagee and the policies and renewals thereat siratf be held by the !sortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of toss Mortgagor will give immediate notice by mail. to the Mortgagee, who may make proof of toss if not made promptly by Mortgagor, and each insurance company con- cerned is hereby authorized and directed to make payment for such less directly to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any pan thereof, may be applied by the Mortgagee at its option either to the reduction of the indebtedntss hereby secured or CQ the restoration or repair of ±he paoperty damaged. In went of foreclo- sure of [his mortgage or o[iar transfer of utte to the mortgaged property in extinguishment of the indebtedness secured hereby. all tighf. tiIle and interest of the Mortgagor in and io any insurance policies then ir, force shall pass to the purchaser or grantee. 4. That as additional and .Jllateral security for the payment of the note described. and aft sums to become due under this mortgage, the Aforlgagur hereby assigns to the Mortgagee alt profits. revenues, royalties, rights and benefits accruing to the Mortgagor under any and alb oil and gas teases on said premises, with the right to receive and receipt for the same and apply them to said indebtedness as weft t~fore as after default in the conditions of this mortgage, and the Mortgagee may demand, sue for and racaven any such aaymeras wires di-~- and nayahie: but shad sat be required se to do. This assignment is r,. terminate and Dome soil attd void upon release of this mortgage: r'HA~2r43M I1 J~77) rte,: ~;