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<br />(i) manth prior to its due date rite annual mortgage insurarre premium in order to provide such hotter
<br />with fiords to pay such prcmiutn to the Secretary of Noasing and Urban Dea•eh,pment pursuant to the
<br />t4ational Housing Act, as amended, and applicable Regt.la Dons thereunder; or
<br />(I1j if and sv tong as said note of sees? date , nd this ir_sirument are held by the Saretary of Housing and
<br />Urban Devetvpmetit, a montttlt' charge fur lrsu cjz7 nxrrrg,ree nrsurmtrc= prenuuHtl which steal! be in an
<br />amount equal tv ona~ttiti~eifth (lil'_l of one-half (I!") per cenamt of the of=erage autstanding balance
<br />due on the note computed without ruling into account delinquencies or prcpaprtents;
<br />{b) A sum equal t4 the gzomtd rent., i{ enc. r,nt iue. nhts the premium; that wilt nest becoutr due and payable on
<br />policies ni fire and ether hazard insar:tnce corerine rite morteaeed property. plus taxis and assessments next due
<br />rnt the morteaga'd pmprny ;,ill as rstrr,ear~a hr tha• lf:,rcage~ ;Tess all sums alread; paid therefor ditiided h}~ the
<br />1<mnhet ei ntvnihs n elapse hrforr nne month p+iar to dtc date ,+hen such ground rant,, prenuums, t3~es and
<br />assessments wilt brevme delinquent, such xtms to he held by kSort•_ager in trust to pea c_aid ground rents, prr-
<br />n':lUlt?5, 13\c'S elld >Rr:1311\~2SSiiirnlS: and
<br />~c1 .All naymrnis mantivned in the twv preceding sabs;:.rtiuns of this paragraph and all payments tube made under
<br />t`r nvtr secures,-te;eby shah be =_dded tt>;;rlhrl, and the ar,regatr anu,unt thereof shalt hr yard be the 3lott;;a,or
<br />rash :nosh ir, a single parnrcn; to hr ar;,lir.9 hp the M1fortgager to the G,Ilowittg items in the order sit Corth:
<br />fit p;tmiunt dtarge<_ uadrr the ront;act of ins;.rancr as¢h the Srcretap~ of Housins and Uthan [kvclvpment,
<br />or nt<>nt}tic charge r in, i;r=:+ :„ .>;_~r,--,,;~ iaatrarcc nra°nti:uuJ. as the ,:ate ma}' hr
<br />itt t Round rents, t3xrs, assessments, fire and a~thrr hazard insurance nrrmiums
<br />;131) interest on the note cured ltrrr+?, _ and
<br />irk') ann,rizanon a; the printipa; >,t said r,o:r.
<br />ana „ ,=,irn:y in the amount #ana >:ch a~llre eats rnnnitl. l,aplnent site?l. •., nlr>: made goad 6ti the ?1i i>tt-
<br />gae,>r prior to tt;e due isle of the ncr, s.leh .r,r:~+r:;- ~:, ~.:utute an e,ent o; daattlt under this rnongage- The
<br />~fc,^.ca.,.: ntac callrrt s "let; ;tear '., n:tr t, rtc,r,: t, ,., cent; tglt ?„ es;h collar tSl 1 nt ra.h pacmen[ more
<br />than tilt ter, t l ~! d,y< in 3-. as .. .;,:. the rs:.. ~~.,r, ntc,dced .n handling del;nquelu nay: ~rnts.
<br />->. lfiat if the tntai of the gsernen[-made by the \lort_u_or under , of paragraph _' pret rdin_a ~ha;l exrt>ed
<br />the ama,unt of pati'mt>rtis acwalla r,,ade by ihr \ton~a.=ee ft,r ereund rt•nt-. taxa, and :ts~e.~mrnt- ur in,ur:mt•e pre-
<br />mium=. s~ the r3<e' mar rte, >uch ear_. It the ;cnn t> current, .n :hc ,,ptia,n of the ~lortgagar. shall he cr~ti!ited ha'
<br />the \!ortrxgce an =ub~quent pa}menu to be made b\ the Alunya,ur, ur re~fuoded to the blonRa;_ur if, huatraer, the
<br />+nMZiltlt Pyam~nt- made fie the ik~rt¢acur under of ptrat;ragh 'preceding sh.u} nax he suHtcient ro j>i~s f;rwrn'I
<br />stmt, taae~ :rid :~~-zssment- or in:~uratiei• premium-, a= the t•a.<e mai~ be. >,hvn tiee same -hall 6erome due and ga~-
<br />abte. chc*n the i~rt,:a~nr sha3! yeti to the \larta.t,ee anti amount nece,-arti to make up thc• deficierea, nn or before
<br />rift' dace u•ftfln Pa><men=. of =uch >mund rent=, taxe=, as=es~ments or in=;trance premium- shat; lx' due If ai am
<br />tithe rite 41t,rt±~aWttr -Ftatt tender to tree \3att~`c'r_ in art•un?srsee aaith the protii-ion= of the note -ee•ured hereby,
<br />fu13 payment aF ;he <•nttn' :ndebt~tes> regtt'-eet~ thr'rebti . the Akirtt;;i~ee ,boil, in c,ampusint the anta~unt of auch
<br />in3e?xt-,3nres.:-edit :o the ,7; ti>unt „i :'te kfertcigav .tl? n3atrtentl m.taie under the txv.:.eottti n( .. of p,;r.:ra}±it
<br />h~tal witch the \krt~.•e Ra- net ;h-actr-e abii~a[rd tr• War to the ~ecrr•tan of lfou>ir,,' and t rban pe~.e~lapment
<br />snd anti ha,tazice nmttinina in the funL- _a•cumulated under the proas~iun- of ~: of para_~•agh ° #ta~ret,f. ff there
<br />~.hatt be s default und:r ana of the pn:at-inn- of this mort_ate re-uitin, in a gu63ir -ale of the grt•mi~e- roaercd
<br />hext=Ly_ ctr if tltr \ktt:gaaTee yaquirt•- t3tr PraapPrta t,ther>ai-e after driaul:, the \,ora»a~rc• -hall appiti, at the rims' of
<br />the rvmmente~rttetet of =ui-h praca>c~din_~, or a[ the tima• the= propem i othrnai-r arqutee+i, the balance [hen remain-
<br />in_ in the fund- sra•umu!:ttr~d under of parar.tph ' prcc~edin_, a.- a t-r:41it :spta;n~t the smuunt of grineip:tl then
<br />trmuinin_ unguid undev ,aid 4i,t.~. and ~71s1, prvperlti :,diu-t ana p.tam^•nt~ nhia3l shall ha,e ltern made under'::?
<br />e+; pAr~raph =-
<br />.. T`t::: the 13.•l;ra~>[ ~. rr.- - >e,...,.."m::tt.. avtrr r::te>.:.n.? .,?hr: •rt:---e^t?sl ar munhipal
<br />,,..,~i,,.':tre :u ;m „va,n..' r ,. . „ ....., r,,~t hrrn made hrrtinhtf,>re. ,nd rn deisuir th:rr„• '.r. \1a>r±g_gee nab
<br />,_~. _ _ ;f;.~• the S4,>rg.i . a a - e, nc~ ot~-clsl r ernt, $arrfvr t , [ht kfort a,'rr-
<br />`~~f++t \7-,rc~,. .~+c, W .,.- z,,^< .. ::pa,n rhr 54,. I _ .,r._ - !n sasd era' e,tatr cad improae-
<br />:.r., .: nt.... •.. "e • ,era: ;. .., :51r ~r!~t ,.: u*rd birch. ,hut ,,nn :.. the : titen! that „th is n:,t Pra,hihir-
<br />--d `" - ~#tr raven, tn,,: , : -..ec ,ri .,,..r, u.un:,,:. ~. ,rut ra;!udta•_ ana maomr tat- titstr or F, d. ra',.
<br />~_ Lt. .F~. _.. ,, ,. .~.~ F.... ., ..,n ..1.., t}t t., \ti~tl=ie ,:rte=i_,n.n.f thiti ;.ndrr
<br />t~b,nt;,. ,_ ,#,r ks,=t i_~, - - -retr.t *. -, eH -t.- ,...r=t r- ,u,tm~?..ern pz~ang'thc u h.•~r .. „ •><,rt .-,. f the st.tre~
<br />i~af-. ,, up;.n zn .. nit ~- _.,. _, _.. . _ ra _ ;,. ,a p,, t,a tht kt, ;.a .u:h ?car,. dr ]f -u.h lace
<br />,.~>de,rx^r , -;,,tr, tr,:.. ~r r..,, ~ , _,~.a - - .,r <;;~ _ .. r ~hr-- n:..,v,ttd on 'hr ^. ,~r. a.r debt. the k!.,rc::err .hail h:nr
<br />'hr _,z:,. , ^:nr,, .. ~ .tc.. .r :, :nr .., , ..,,. , t ~t~ge;t , -. - -cywr, rlg the p:ea men, ~,f the mortistr
<br />,irs*t ?± . Y *h?t.- !.r Ala, r±- *~,'tr ,=.t~ ~r.. n_ ',e,.:a ..ur ..r _n~ i 1, , the .,,;> „n „f >ard runeiy atyy>
<br />., T3?[s. sh.+utd nc car t.:. P-i _.. + Win, c~: t.rr^ , ~ . _ . r.. ,.,r,; i 't ;n ;hs~ At rt 4~rc~~the ,for kl orta:,tger, at sts , -
<br />~a.,r. _ ;ti • r,r'i.,t?n tr.r , r. _ ,~ ~- . a,. ..t'u c - ~~+c -.. -. , . _. ~.~ ._ Ehr . .r., tp_ ,u... .+,: ni, rt tht sh ,ar'i.,te
<br />..,E rrt ,r: uttd her. i•- ... ., '+r- -tr .. .t 'nr._. ,. ..`1•; .nr ~?,:,: n. .. ... ,.
<br />?t~,t 'aY rtrre+'- .1L,: _„ ... ~r'~ .. .-._ art t. `4 ..., , .K~ rhr , .*r '. 3'*c na•tr ant; ail
<br />.. .rtvied herrha it .a_... _ ,:... t 1 , _t.. _n.r _r,. , : ;hr trsr.:. , a ., r,1ns., , t .hr kiar?~.:gt or the >atu
<br />m ir_ .:a the rents- tea rnuY,=nom .na,~-::, tr~ hr ..r , r.- -. t`tn r - aa.. -aem„r,~dunne ~.,: n t.-nu _• the - r,.=t;r utdeb!ed-
<br />rtes> :teak ?twain ur~,aty- and ?f,r kior.~_cr. , ...._ ;>, + , - . _ uer^t - -c..-, .... v,>.rr i,.r ,#.r ,-e.rP:,,r :?f
<br />rePsin:i~ ,:-+td rrernisrs and a,f cnirng ;nr .>m; .. _., ..,r r: - rr ~ .rur~ en4' n , .,,r' ,nit t T: ~, p,:.:ut :,f Bald in-
<br />>mc> 33l ,~prn.r, .,f rep.a;rr;tg sn:,i ar-^':;>e, zr:d ~rlc. r..~r, .. „ - .;,,n, :: ;; rvprn.r~ :^<unc:1 ir. rrntrng anJ r[+snaging [hr
<br />mine sreo au tolkcrtng Srnt;d> ttkrefr,,stt, rtx h._!-,~nar rr^..=1r.mr• tf er.} - r,~ hr a^PI;rU t.,a::r6 th,e ailsahurge a,f >atd m,,rt~a}:r
<br />n~k>trdr~s.
<br />fi. That 1e +titll l.crP [be itr:Pn,aernrnt~ r:_,u eLrtmg ix herrti[rr ercetrd vn the mt•rta_agrd er.,prrt#. in.ure~3 a, mac hr
<br />xqui sd .rc,m ±rmr to !rmr t<a tf[r 3tt,nc.~>re .-.~>sr.-t ;i•,t ~, ... and ;,:sic: ..-^..ard, , acne, and :.=rt;mt=r^.i se+ in such
<br />amtwtt[s :;std for xuih Penxa:.~ ^.ta.~ :x = .~ hg ttti ',!,:ny-. r , .d ,. , }., a nrr, ,iur.:,n} ,-.remiu;tt, „n vu:.h
<br />insttra--nee Proa~ntvn far gayareni a! tiv hick sties eta been wear hrremhrf:+re..gll imuranrt ,hail hr coined in aa,mpaaie• aP.
<br />~tirj ha >nt~ iS„ra,~.Tr ::a [>•~ ~_lt:tr= -~nd ; ,rkslc tfirrec:f ,bolt w h_tv ;,: •hr kl.,rtgager ;n:.l h,,:r rtta.'ttrd iherrt;, lo;,
<br />Pa3 at,~ C}31t+.f'b in fan ~ a ` ,and in fiirm iii~Pt3, .t: ti. fhr kt „F[~'::.j".re to eaert t 1,+„ t:t t~7i2it~'i:T V: t)) L:1=c' Immedlati nUUIC h\
<br />matt St: >4a-trig~r, ti:•sxi ~A}' titaie ~aa+f t,f tn>s tf net ma,ie Ps.,mPtiy hs Af ottgiteor. and each imurznce ralmpany- . am-
<br />cctlsed is hereby suxttarirad And directed to male P~amrnt ft,r sue ;a>s directly :o the ~'ttSa€ee insteed of to fire Mort_q&gor
<br />and the A4nrt~cKe nNntt}, atsd iht iasurxrfce prc>:eed:, nr ;tni Part [hcreaf, mutt t,e apPlird t+y the !1lnrtgagee at ii, option either
<br />tr+the redttrtian ~ the ittdtl•~tteas hrrct+v cured tx to the restaratian or repair of [he property afamr~ed. to eaent ai forccly-
<br />+ure a~f ?his masz~,~au ether traxt•fer-at#' fits Ht the tno; tg::gcd }uctper; 4 in eztingttishmem i,{the indehtednz+s >reurrd hereby .
<br />zIt right, rift mttrf ireter~cst rd the l~raftgrr in acrd to an? sn.uranrr p:rls.'ie, tl;en in to; ce shad Pa,> to the Purcit::cer or pincer.
<br />~- Tktct as additional attd rossatcr57 sec:trit}`or the pa, went a,f the n++tr drsrntxd, and at! ,urn, t„ brc,+mr dvr under [hi,
<br />inungage. ibe '.ltrtt{G+gor hereby assign=_ to the ~tsriK;agee atl p: vfr[s. tevenur,. rnyaitie c. right. and hrneBts scenting tt. the
<br />AAon.e~ar ceder any- cad aA ai} and gas 3rau, on ago-] premiers. a nh the right to recei*e and ret'riPt for the newt and applti
<br />them tcf s;;id i*te3etsteditess as: nett hefc re 7e> A:te: default in tfte c+*nditi<+n: of ttti, mnrigagr. and the kiortgaece mat iirmand. sue
<br />ftrr and rr_ct+irer ~ sua~r payments aheR du= and pagah~. but >hasl as+t }~ rrquucd :,+ !,= da, This a,>Ignmart i> to trrmm:,te
<br />and became nu21 and ti c+id upon rrteacr of chic m+~rrgage.
<br />..+ -aaaa+ no rrl
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