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<br />(I) month prior to its due date the annual mortgage insurance premium m order to provide such holder
<br />with funds to pay such premium to the Szcretary .` Housing and Urban Development pursuant to the
<br />Yat;onal Housing Act, as amended. and applicable Regulations thereunder, or
<br />(II) ff and so long as said note o1 even date and this instrumeet are held by the Secretary of Housing and
<br />Urban Development, a monthly charge %in lieu oja mortgage insurance premium/ which shall be in an
<br />amount equal to one-twelfth (I(1?) of one-half (I?Z) per centum of :Ste average outstanding balance
<br />due on the note computed without taking into account delinquencies or prepayments;
<br />(b) A sum equal tq the ground rents. if any, next due. plus the premiums that will next become due and payable on
<br />prriicies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />on the mortgaged property /a11 as esrinrured by the dlorrgagrty !ess all sums already paid therefor divided by the
<br />number of months to elapse before one momh pour to the date when such ground rents, premiums, taxes and
<br />assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, are-
<br />miums, taxis and special assessments; and
<br />(cj All payments mentioned in the two preceding subsections of this paragraph and alt payments [a be made under
<br />the Here secured hereby shall hr added nrcether. and the aggregate amount thereof shall be paid by the Mortgagor
<br />each month in a single payment in be applied by the Mortgagee to the following items in the seder set forth:
<br />(I) premium charges under the contract of insurance with the Secretary of Housing and Urban Development,
<br />or month'ry charge fi+t lieu nl nmrrgage insurance premium/, as the case may be:
<br />ill) ground rents. taxes. assessments, fire and other hazard insurance premiums;
<br />lilt) interest on the nuts secured hereby. and
<br />I (Y) amortir~uo.^ of the principal of .aid note.
<br />Any deficicney an the amount of any such aggregate monthly payment shall. unless made good bye the Mort-
<br />gagor prior to the due date of the Hex[ such payment. a.us[itute an e.ent of de["auLt under [his mortgage. The
<br />Mortgagee may collect a "talc charge" not to exceed h,a:r ::sots t+M1y) Cor each dollar ($ l) of each payment more
<br />than fifteen (IS) Jays in areas to cover the Tatra cs pease tarvnlved in Ilan<iling delinquent payments.
<br />:3. Thal if the total of [be payments made by the yinrl.pngor under (%,' of paragraph '? preceding shall exceed
<br />the amount n( pavmenk+ actuaih made be the Morteirgee 'or Ercrund ntnits, taxes and assessments or insurance pre-
<br />miums, av the ease may 6e, such excess, if the loan is curre•m.:tt the option of the 9lortgagor, shall fie credited by
<br />the Mortgagee on subsequent payments to be made by [he Mortgagor, ur refunded to the ~lnrtgaKur_ If, however, the
<br />monthk payments made by the Mortgagor under r id of paragraph 'preceding shall no[ t>c sufficient n> pay ground
<br />rent. [axes and assessments or in~uranee premium..+.- the saw mate he. when the <ame rhall heoome due and pay-
<br />able. then the Mnrtgagtrr Shalt pat io the >lortgagee asp amount neressan~ to make up the deficiency. on or 6nfom
<br />the dale when payment of such ground rents. lazon asses-menu or insurance pmmiums shall he due. If at any
<br />lime [he Storigagor shall tender to the Mnrtgae;ee. in aecordanrr• with the prusi=ion- of the note secured hereby,
<br />full payment of the entire indebtedness repmsenwti thenrby, the Moneagee -hall. in computing the amount of such
<br />Indebtedness, credit to the account of the Mortgagor alt payments :node uarcr the pro+-tsx>ns of , ~~; of paragraph _'
<br />hereof which the Mnrtaagee has nut become obligated to par to the ^een•tarr ni' Huusutg and t-Than Decelopmcnt
<br />and :uiy balance remainins in the funds oecunudated odor die poll isi,.im ..t rr-~ ul pars graph ^ hercol. If there
<br />shall be a default under any of the prat i>iuns of this muriga}>,r re=ultin~ in a publSe -.ile n( the I,rremi,c- cuvored
<br />herebv~, or i[ file thxigagee acquin•s ttte pnpern otht•r~-i-e :+(le~r dt•lault. !ht• Monuae~`t• -hall 'apple. at the titer,.!t
<br />rice commencement of -uch nroccedin g=. nr at the time the unnx•nv rv ,nhent l-+• ,u~uutrw th_ irdam•e Ihen n-matn-
<br />iag in the fonds accumui a[sd ;mdcr r,., ;;f pltragrap,h "S pcec eciin(!~ .~ ; : cc:ut u?ata ~t the a:nc:uul ,;€ prmcipai thc:t
<br />remainink unpaid under viitl nuu• .md -hall ur~perlt :ad'plr•1 um pant rnoni- ,thlch -hall hat+• be+•n mado under t,rr
<br />of paragraph ._ -
<br />~. 'flat the Mortgagor writ l€n et Hood rents. t-wes..:.x smenh. -~. seer :.ric•-. :na :Hoer e+ ernmrniai ..tt mumapai
<br />charges, fines, or impositions, for whn~h prof n¢~n bus not nec•n mane ixreninri or e-,,na ~n oclault thereof rhr Vturigagce nr;rc
<br />pay the same: and that the Mortgagor writ pn+mpU, dciner rite =+fi u;J receipt- dtt•rel,n I„the Alorteaere.
<br />S. fhe Mortgagor will pars ::II luxe. which mart hs• Ic•t and up+,n rhr \I r,rt e.:_c•e . inlere~t rn ,:ud rrei ,sl:ue :end !mprut c~
<br />menu, and which may he !ruled upon thu mortgu}r ,~r the ,tell ~rcurru heir h, +hni non io the ,~tiem vtcv -m h rs Hal ltohlbit-
<br />ed by law and only to fhe client th;n such tslll mn nr kc this loon uvuruuv, - uJme : nt ,ncom. L, x. Kl:ne .n t edertd.
<br />' ul
<br />imposed an Mortgagee, and trill file the uthrral rccerpl .hue utg ~ncn ^n, nrc•nr , wt Ihr tt,n Igager ~. p+•n , ndatum „t rhr. under
<br />taking, or if the Mortgagor rs prohibited hY any Lnv r.+ t ,~I hercntter c tuung Irnm rat mg rhr ,+hnlr ••r .,n, ; .n nor. vl lix eGue-
<br />caid lases. or upon Ihr rendering of am court drt Ter yv ohlMunt; rhr ^a~ nsnt rs ;hr M„r. saFOt or .;n~ •.:r: h ;,r tr.. rl d .u:h law
<br />or decree provides iha[:my ;unount . ,:ud ht the Al otig.r6l,n -h:,;l rr .,rJrtr.i „~, the ..,,,~i:::+gr drht, Ux \Lniu•+ger .i+:;ll h. t
<br />[he right ro give ninety days written rnuucr u, rite nu Ter nl rhr r:.urleagrd r: rnusr~. ~cuwnnp Ihr r•n mom rl dx ,nunc;rgr
<br />debt. If such ^atiee he giycn. the s:ud JeM .bail brcomr doe. P•~t:+rlr .:no .,vk•ctu~l_ ..t 11e ctPU,num .,t s,,:d mncit ,i,, •.,
<br />fi- Thai should he lad to pot =m<,run ut keep .~ .o__t, .,~ • .. ,dr.e ter m rh,. Ahul polar- 4trn :hc Vhnlp.iure .,. ..
<br />lion, may pat or perCurm Ihr ,amr.:md ail eypenouwr •u uroac c :aura ru rhr Onnt q,,ri gum ,,,,ins „n the :hm r Hole.
<br />shall he secured hereby. and sh:dl hear interest aI the late Lei tool m the s.ud Hole unni o.nJ
<br />,. Chat hr hereby as±lgns, trens[cn and xis mgr io rhr Morrtianec-:n br ~pp!rra la,t ar,i rhr Pat stem ,~r rhr Hair .md _,'~I
<br />cams secured hereby .n case uF a del:nrlt In Ihr prrtunn;uicr .,f dot ,d ahr reran ..nd ~+mamuu. ..f INS A.baic~+gr ~,r rhr ca:d
<br />note, all the Trot>. ref rnursond mconu m he derlveJ tr„nr the r~n,t [tap. a lrem nr-~lun nc -,Tin tlmr -+~ Ihr ;~rur[g.rt;r nurct~IrJ-
<br />ness strait remain unpaid: and the Mortgagee shall hate lower to .,pp,+ml ::nt :,¢ent nr .:gents it nun Jesus f or fur p~lpu,c of
<br />repaving said premises nod of renurg the .uoa• and collecting Ihr rents, let Tours ,i mi mcnnrc..md n m;,t p.rt .vu of quid nt-
<br />cumes :dl expenses of repairing ssld premums unu necesan comnusnn,m :nut ctpc•nsrs uieunrd m renting .,nd inanngme rhr
<br />,ter and r . t+tleaing ;tntas therefrom. Ehe t•;rl.use ~-.n- m -. ....+t -~ h,• ,: e - !al rhr .ri..•h r•~^r ~- t , ~d m„rtgap,
<br />rndchtedness,
<br />r. That he will keep the Improvements now earsnng or hereafter rrrt lrli on the n nn gaged lnq,rnv . . ~,, ..
<br />rcyuired from time tit time by the .Mortgnger egamal loss ht ;tie anti u0trr i::v:rr d••~ t.nuaiurs dnu ,_onunycnrlrs ~nr~mh
<br />amounts and far such Penuds as may Le required h, the Aiurtaagrr mni •~ ill p,ry ,•romplit :. itrn duc..urt prenuuw. an ,us h
<br />in»uranca provision far payment of which has not hren rnadr he2mbel ore 411 muu anc¢ stall he• .'en red m tt,mp:,ure..:p-
<br />pmved hY the Mortgagee and [he policies and renewals Iherco( shall hr held ht Ihr Llnrtgngee anJ hate .Him hid thrrrlo Ins
<br />payable clauses in favor of and in form ucceptaMe to the Mongugre In etrnl of lose A h,t igugol e d! gnc loon cdratr nowr ht
<br />mail to the Mortgsgee, who stay stake proof of loo tf not mndr Pn,mpdt Pt alony.,pol .wJ r.,eh imuruwc ~~nn p,ar, •~ .
<br />cerned is hereby authorized and directed nt make p;ry nrsm fur wdt loss die rctlt Io the Mor tgager unread of ^, Ihr M1l ortgagoi
<br />and the Mortgagee laintly, and the msur:mce prxuceJs, ur any pan thetruf. may he appimxl ht Ihr Mung:rgce :.1 its „pmm eel L•ri
<br />to the reduction of the indebtedness hereby secured ur to the reuuruinn or repair o(ihe pn,prm d.un;rgrd !n ct rnl rn Lit r. h~~
<br />sure of this mortgage or other transfer of title m the murgaged pn,pel !y m ctnngm+hmrai of the rndrhtrJnc.~ ,t-.wcJ herrbt .
<br />aN right, title and imerest of the Mortgagor m anJ n, any msurancc h,:,hcres titcn m forte .hall pa.. n,!he lut~h.uri of gnuar
<br />2 Thal as additiumd and collateral senuily for Ihr p;rv mem of rhr non• oc~cnhrd .end ell .uin. w hra•nrr Jar unJci rhr.
<br />mortgage. the hlnrtgagnr hereby assign, to the Mortgagee all lnrtits. retcnue~. n•, .,:new r;ghtc nnJ henrhis :~., re I„ Uri
<br />Mortgagor under any and all oil anti gas hues nn vrid Dremne~. t+rth lhr nghl to iecrite .md recrrpt lot the ~amrrrrrnJ apps
<br />them to said indebtedness as well before ac after Aelauit in the a+ndmans of rhr. moo g.,gc. .urJ the Mungagre mat dent ~n,i. •ue
<br />Cor and recover' anq such payments when due and nayaMe. but =.tsrEl nut he -r_:raeJ =. ,.... !-hit as±agmnem r- t~., Irnrns,!e
<br />and tt_^cwne cult and void upon release of Ibis muugage. -
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