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80- ~t-~,3~*~
<br />{ I !month poor ua tts due data the :trtnual mortgage tnsuaancr prcr,num m order to provide such holder
<br />v.4th funds to pay wch prem;urn to the Secretary of Housing and Urban l~rveloptnent pursuant to the
<br />National Housing Act. as amended. and anphcable Regulations thereunder. ,ar
<br />ill} tt and so tong as said ooze of ee~en date and this instnsment aer h€Id by the Secretary of Honsing and
<br />U`rbatt Devetapment, a tnonihfy c}tarCm ; in irrr~ of a mrfrtgttge instrn< nee premheml whtkh sha11 b€ In an
<br />antounr etlual to one-twelfth itri_'1 a?t cnc-hal,P (11?} per centntn of ehc average outstanding balance
<br />dtte rn the note competed with nut rakntg into aecotnat delinyuenr.a€s cr irrepatmznts;
<br />(b) A ntm cqua) t4a th€ ground rents, tf an4, t?rst due, plus the nrrrniunu that will next becarne due and payable ou
<br />pnlictes sat t3rr and other hazard insuratac€ covering the tnnrigareed property, plus tales and assessments next doe
<br />can the mortgsgad propettV iaa s csrits;nrr+.1 hr rfie :NorrKaga~e less all sums already paid ri't€refbr dis~d€d by the,
<br />numhcr of mrsrtths to rlaps€ lsefcrre e+nr ^vonth pt;or is the date rrt?€tt stash ground r€nts, pranaimns, taxes and
<br />asar~~tnents wzll P~eome dalint{ueni, stt:,h sun;x to h€ held by. b#nrtgagee in toast to {+ay said ground raxtts, pre-
<br />miurrts. tars and spacial assessrnen[s: a»d
<br />(c{ All paprnents rnFnttnned in tlae twca pee.:+-cling sltbSecuons <of this paragrapPt and all paynicnis tts ye mad€ under
<br />tlae Hate secured herrnp shalt bz acfde:3 t++t*zzh€t, and the ac;gr^gate amount thereof sttai[ i?z paid by r ;€ ~Surtgagor
<br />esch mrsnth [n a stng3e payment to he :rpptied by tree ~fortnager [o the t~a!lena=ing oanss in uir~ carder set f'arth:
<br />(l,} premium charges?order ti7e.'arrirat? 01 i;asttrtnce out? the Secretary of Hcustng a11d Urhan E~uelopmenP,
<br />x nrnt ~j r€e;in x ru ! *en>rttsgt trt,urr;nra premium ss the case r,?x_y be:
<br />f#t} a nt -cots, t x~a_ asse,rstat,n[s. ti,e erd ,,ntber t,aa.trd ~nsurane.~ ptemtunas;
<br />EHl) i;aterzst ors the aloe"e secured Iterehy.and
<br />(IV) rrawrttrst*a^, azt lira prn.apti of sold trArte,
<br />Any d€sxzency tr? tarxr zanuunt ,.u .cs< ,ucly a,~?e=ate :n.5r.€#siv ,>a~.=mcni .ha!t, unless made good by the Mart-
<br />gagr?t poor ;,_= the c7^r date r=i the ;=ext ,udt ;r?=rr: ,. _ -,.ssttu:r an event ;>( drtauft under dtts traortgnga. The
<br />;<lertec may crake. t a "`at€ z.taar~r n, t 3 --a srr me I&:~ 1 t >r - t - of ar f ~ t 1 of e;acft pa}'anent raiore
<br />thaza tiftceen i 3 i t do-. s ss*, arena to ror~., .t,e ;.x , e; ~ .r, ..: s:,day. d :,_ }.~-.ding r ~ „r-.,~u<na pad mints.
<br />``- That of rite tastal n# the Pav7neni.~ made 4sl the 4lsartUagcrr ttnde-r °,' r?f ;sansRrauh '_' preeedinx shall exceed
<br />the amount of pai'menL sctua3:r :node b~' tha• llurtvaee (ter ~rrsund rs=ntn, taxe- and a~ a .wment:~ ur inurance prn-
<br />miaes`, a the case matt tee, su€h excess, :f the Bran :~ altere»r. at r.ae unt[csta of tdae ,1rorigager, shat} l>c eredit~~d ba•
<br />dta ~krrtSSi};ae on rtuh~eapteut p-s~rnetsi !o-3 fsst mrtd+;= bt thre ilurtiaao_aor. ur seiunded to she itart¢xgor tF. }towrre:r. dhe
<br />rsauithlS pataten€: ncia3e lsv rite 1lortgaPcx utx?rr : •: r :si ss<arr,;ra, h ' },recer#tng shxii not tse 4ufficient ro pav gzottnd
<br />zee#. taae=~ and a.. a.s~sttenc~. t;r ~t~a~ssrancrt pmminrt - [he s.-r> m,ss he. +.hEn ;tee ~amN -hail fs~came due atetd par.
<br />aisle, then ttte 1Stsrt~a~rx ~#taia Par .a: the 1#esras'a„te .,.~ :mr.nn[ nece ~;{ry t:a make up the defieic^ncl, on ar before
<br />the date wtiesr pai~smt :rf -urh ~trsund rent-a.:ase:, s<.~e~<m+•ni. or in=.ursnro prt~r:xasn~ -hrslf bas doer l( at t:nv
<br />H>ae the \Sorxga~nr ~ttztl! zcsttdr=r to [he 4ktrt_r,~:-c-. ~a ae ~~~i:face siz3tr chr aroES-rar:~ .rf the nuts ~t=rt:rc=d herohi~,
<br />#uti partncYtt ,y#;?ac eraiirr ins#ebiedne~~ ;:>Pre-avxt.•d then'tas. the ttsn~auea• +h:sil, .n sump+xtne rite aimount uF *:ur+h
<br />mdeltte~rer*v, :arcdit ecs [ttc •tcczxtrtt t. •-lac: tfc>;ta,.t}.a+, .cii ^,rsnzc~nz~ rmsctc aanctcr c^tr ;xt,ss r,u?~ +t. r,t (s.t:~suta(da _
<br />hcxtrsf u#tich the 'tbtttt:~;c-«z Via- ttc=z #+~rr v>r - crnir ate t to psa t„ t'ia• ~e c n txx< t t3 u-rnE .uu i rttatt p:)aa~cirs}xnent
<br />arty ~}° balance ravnainrng in the tund~ acr'uatut>cttrd undo-=r the nnr>, .csn~ „t i drarn_raa3t ~ he'eor. 3t there
<br />Mill 6o-- a detauit under ant o: Lhe pnrst--tart, ai 'hiti ;wnrtgs~e n•witrnt? ,n .: pu Ular .,.~ „f the ;xre, mt-+r- e overr~!
<br />ht~+b~_ ,3r i6 ~e 11nrt~a~er ae~aa n-.:hr prrFp~rt} „ila Yrxa-.' ;dilt•t :iw-,•(tetil. zh.~ iir.rz.r ear.,; ~. h,a l1 .aPPlti. st ¢Ftt• t}me of
<br />t#te r<7mm:'nr't`tncsa! of ~rtch P=rss.-.•tESny ,. t;aa• trrnr th.• zsrra sc•rtr .- ,ran, r~+
<br />- } : r #a tt t ee• t»isnce i}tr•n remtttn-
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<br />of jiatanraSth _'.
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