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<br />(1) ;nunth poor to its due date the annum mortgage insurance premium in order to provide such h~>tdet
<br />with timds to pay such premium to the Secretary of Housing and Urban Development pursuant to the
<br />Vational Housing Act. as amended, and applicable Regulations thereunder ter
<br />!II} If and sn long as said note of even date and [his instnrrunt ore held by *.he Secretary of Housme and
<br />Urban-Development. a monthly charge (in lieu uJ'a ruc~rr¢age ixsurmrce premimnl which shall he in an
<br />amount equal to one-twelfth (lj 12) of une-half (1;' 1 per cent urn n( the average outstanding valance
<br />due un the note computed without taking mto account deiinquen yes or prepayments.
<br />lb} A sum equal to dre ground rents, if any, nest due, plus the premiums that will nest hecnmc cue and payable nn
<br />policies of fire and other hazard insurance covering the mortgaged property, Pius rases and assessments next duc
<br />on [he nwrtgaged property Jall as esrirnated br the tB,rrgagee) kss all sums already paid ihercior dividett be the
<br />number of mondts to elapse before one ;north prior to the date when such ground rents, premmnu. tax ex and
<br />assessments will become defier{cent, such sums to be held by Mortgagee in trust [o pay said ground rents. pre-
<br />miums, taxes and special assessments: and -
<br />(c) All paymen is meu tinned in the two preceding subsections lit [iris paragraph and all pav meets u+ be made ender
<br />the note secured hereby shall he added together. and the aggrega[z amour; ihereo(si,taFl be pant by dr Mortgagor
<br />each month in a singlz payment to hz applied oy the Mortgagee to the ti,ilowing items tr: the order xt forth
<br />- - (t) _ }rrzmium di_argzs under dre wntrad uC msurancc with duc Sec retary~ of dousing and Urban Development, - - -
<br />or nutnthl}- drat r'rr lieu I err 1,geg[ nrsurmu•e pren+ium/_ as tL ~ase Tnuv bc;
<br />- 111)- grolm ~ tots. t ar~ usscssm.nta. fire and other hazard inwran -.-rtrmt west - - - - - - - - _ - - - -
<br />- (Itl) interest on the note secured herebv: anti -
<br />IIV) anurrtizaiion of the principal of said note - - - - -
<br />Any det7cienav in the amount of nn}- such a~regaie ;ni~uthlc .re}~ntent yltvii. unless made good bt' the Vert- -
<br />gagor prior to the duc date of the nest such parmm~t. caustitutz an event „f Jefauit under this r,-torteage. The -
<br />_ _ - - - - - Mortgages may collect-a "late : h=trt_ - .ot to ... c ~ ~,......, s id; 1 ~ >a,,,t duh;u (Sl 1 t,{ -sett. i,av men7more - - -
<br />- - than Gfucn [ 1 -1 dcacs m arrems ;e .. per rile z>: r t s r~. ts~e uiv,+ived in nmtdhn~ delht {uznt payments. - -
<br />,,.
<br />~fhat if dm total of tht• pavmrm- made be tht~ Alurtt!a_ur under u~% of paragraph ? jrmrrtifne ~h;di e~cet•d
<br />- -the amount of paym<~nts uchialh•-naadr In-nc~=llurteir-er for-smund root,, tact_~ and t =t+~=mrnt- ur inrvrance t,~rt'- - -- _ --
<br />mium~, a~ iho ~~a~e mac-Lt~. ~urh cxmss, of rheFosn is cuaent. at the opcien of the Mortgagor, shall he credited be -
<br />the ~lurtgacee un :uh-ryucm pa}-mrnt~ to bo made bt~ der 11nrt,a~'or. r,r refunded m iho 1lorteagar If. hott et er. the
<br />- - - mnnthk pa}'nuruts made bt- the Mortgagu: ender .-~ ,,,f paragmpn = {xeccdine, shnil rot tn° sulfictent ro pai~ ground - - -
<br />rnnt, fuze ~ oral a<-t~-mem_ or in-ur:utrr• prrrnium> a.. the to-r m:n bra -~.,hrn the game sh:Jl iroeume due and pxv- _ -_
<br />able- then the Alortgu{_ror =hall pav to the 1hm_-aa;er-;im amount ogre==acv to ma6e tap ihr dafieicnct-.-un or befon• - -
<br />ihe dam when p:acmrin of =ue.h ~+round rent-. ta~r~ - .t-~r=<mem- nr Insurance premium>hall ~r due fl' at am~ -
<br />- - time the A-tortf!a_t.,or abaft runder to the tlortk:u_ •,~, in ar•cot-dance frith the Prot i-tore of ihr note m<~urrd herrh_c. - - - -
<br />full pucment of the eerie. indebu+dm~-- re~n'osenu•d thurr(rc~ rho-llortkaere =6nll, in computing-iho amount ,if -uch -
<br />indrbredness. credit to nc~ account. of the ~fm~ig:rgor ail paemrnes mede under fie prociaioac of ,:1 of paragraph ' -
<br />heroof w-hiclt ihr• Alortragee ha- nut hocum,~ nblig:uuti in p:p-to [hr tit•t-rrinrc of dou>ing _nd l-then 1)eveiopnicnt-- ---
<br />and anv halxna• rumainin~+ in the 1'umi- ar~oumuLueJ under ihr {nut i-nnt~ nl' ~~. niparteruph "' boreal: lC them -
<br />- - --- - --hull be a default under ant= of the' proeisinn~ of thi - mr uva,• rFwitinc in a oubiic sate „( tht pr.•mist~=-Post-red - -
<br />- - hereby. nr if tiu~ Atort~t~, ,t, acquire+- the-propert} oihr-r,ei=t° otter default. the--llm t~ra et• >hxit .ippiv.- at rh, +imr-r-, - - - - - - -- thu cummencrmr,m of :uch-prureedur~-. rr-at dre time the pn~ju•rt} i- ath nvi-o arquin•d. rho b:dant-o tin~n R•muut=- -- - -_
<br />- - - ing in iho fund- act~itmuiatetl 'under, <-~ of par.r;;raph pnv-iviin_ ~~ a-err-hi ;t~5ut-t the anwiut t=u~ prin~~ipitf then - - -- - -
<br />- _ rrm5infn_L_ unpui tl-under-aid nnm_ .uni .haul pr~iir•rl4 ;rdju~-t-amt oar wacnt~ trio cfs -hs1 -L:i a~sr,a•n ~addr nndctr <<--- - - -- - - - -
<br />f Paragraph->. '
<br />- J Ih.[ to MonE v t .ill r uni i lit r.e i mit -i t t nI th i y t-tort tier r nwu r t;
<br />het •e. floc` -r amps m ,as..; of hr + pro e,r n„s out s i ,,:.ae -tc: ~.r.. -e ~.- . .,it- eat- ,t., .: n y,l.;.t_i>,.~ ,
<br />- ~ -c - ,.~.. -
<br />p tthe :ar ii ;md that th bt t teat t r 1 .rive F tl chi z~x n tG_ iajre -!{ c- tl:rr +,a t„ tics =yt rt .,kec= _-- _ _--- _---
<br />- -.- -Chc M<-rtgagrt tl ,ia; a.! .,ais _. hi.. hr -net he It r u;~oa Nt 1 ~tr.~cce , ~ He~tz,r in +aid-reat est;ZZ ,end intpr„cc- - -- - --- -
<br />mrnts. ,m.i a iuch nu;y hr let ieti up,at !his ma u•.,t• ,n nc~ Jeh1 srrured hcrchj that „ttl} n~ [hz ee[ent that such a not ptohihii-
<br />ed he !aw end only m ihr catznt th:n sudt t. ~;: n,t ne+6e tLt, roan n,u riousi. but etctuding »nc inannz my, iuue or Fe,iera!.
<br />impo±ed nn Mot tgugcr,:utduiF!Ille the of5,;i:d.c~r~pt,iwxu?g+uctt pucutrru urtt: ihr ~V ongueee.l=i:an ciulatiun of [}tis under-
<br />taking. ar i(thr liong;r~ar ~. p,n~hthlted by ,:lit i;r,t not, qr Lerruiter cAisih?e farm pa }-ing the uhnk lit une portion of the s?ote~
<br />,tad niece..+nipon the rrndzt mt ui :un a~un dr. rte ,+t,vu aung ihr pity mint ht ih M v teagot ormy such rases, or i_t such tart
<br />rdecree pr -i t ia, tiro any :mt,w itf .,, p.,ad ht fur V-ft,rt ea t r sh:dl he ~ r..~itc, on iho inurtpayr deM. the \fitrrgngee,hall h;n e- - -- -
<br />mr right to girt nmep J:~rs' tt riur^ ni+titc to the oft uer o! the mortwgeti premise,, rzquinng the peiy meat of the mortgage -
<br />deht. if wih n +u.e ht git en. ihr ,:ua drt~t .halt L±c«unc du<- na>~:thir and culfcctihte et the eel+u li -^ -, s;iid ninets d;+v,. - - -
<br />h, `I hat .hutdd he t;at i,t p:u an} mot or kze}t .wceuvun:rtn provided for in the ;Mortgage, then the \-1 ri),ytgae.:u its ap- -
<br />tian, mac-{ - _ or p;;ricnu ihr .anri.:md all reprndrtura, se nrnle shat} he ;added t„ the prineiph! .earn Dicing r+n thz annvr note_-
<br />sha!I he +ecnrzd hctcDt _ tend shall hear tote tea ~n the rate .et tw Utin ehr+trid note. t:ntii pan)-- - - - - - -
<br />hat he her dbt ; sages, u:~nsfrrs end ,et> urge to the Agor(g.~gec, h~ hr .ipphed R+w-a nl the pan meet oP Ihz n~rie ;md alt
<br />snms sr: lit rd hcraht m ....r .d' ~ drl;nth in ihr purf,?rmunce of am of ttte [ernia end anrditiou, „f.tnis Morteaec of the sut,i
<br />note, all ihr reuts~ retinue-+.tud trio omc t,: he drticvJ In?m the mui~lgnkt ! Rtu:as~ _ uursnp .nil ,ln~c s- i!t ~ nu rF:;.ge ~nilehted- - - - -
<br />nzs~ ,6atl remain unpaid.cut.i !hc flat tt,ngec~ .hall ha,c pincer to app .nt ._uy ,,yur ~v agent- m,: devrz for the purpu,r a~
<br />repainng ,lid ~ remt,c, :md .+t n•nung-the some :md tulle cling the rent.. ti gear, .utd income. eea i± nt~ty pay test . f _said]m - - _ -
<br />comca:Ji vyt rn.e+,il repedring said prernua, ~mu n°:as:up cernunin. mind espcnses rn.:urrrd bt reining .mi m,tneging the - -
<br />aunc and , (•~uilzcGng reNUis tharafrzim; the oahnice renrti ring. if and . to hz aiai,6cd toward ihr eliscb;-ru•.+f stud ^tnrt4ugc - - _ -
<br />inJrlrte:ine,,.
<br />\. hhat n~ ;tin keep nc~* imiit - -mti n. ~t e,,r Zing r fit-- tfter r (i r t' b n rtkJk t pi F1 r r r 3 5 ^ rl 6c-_ - -
<br />--_ Iretnlred_Itum ltnie ii' imle by ih 1-II Ilf..rV.lr .1 i:llnCt ltI .--hr~ ~i [3d ~-i ht. -t E.: tri, 1.-c i~li it.h^-.inu ~:tq iCing"Cnilt`. !.1 ~Jtlt __ - - -- _ _ -
<br />umnunts:utd for arch periods ;o mnv he-rvgtiirrd h} ihz Mc turgec :in<i ti iFF. p.q 1-r- _rtptsp, r. ntr, tine, ;any preminm, ar, >uah - _ - -
<br />tnsurencr oruciGnn fo =payment c f .ehich hers not been nrtel h Za phi, u.i _ fee ,t.vtre,trc tilt t„ t dad-u: in-CO[n }p.,meti n - - _ - - - _
<br />- - - - p~u+ed h_y the tkut~a~,-r• autl'Ihc pirhiiz. .inJ tutcu cri..th ,tit sntill +_ - held t;y to tl ertgay:ie ~rriJ ita r~.rgns<hcd thtt [o ttu~ - - - -
<br />p-`t:rblc :aaase,+ in fat„r oP and in Pone .~rrzptah~z n+ the Mongegzc in civet of k ~u Mt+rigayor a ill Et}r'.nuicd;arc ;otter h. -
<br />mad to nc~- \t-uti rice Hhu tray t.tukg pmol d Ir.,s rf-nu n.ule-prom7stA hy-Mort~tiag~+t.-and c,,ch in,ur tn:z iomp..nt .,<+n~- - - ---
<br />-- - - - a•nteci i>-hs,ehV ,ruthotned and din Wit. ,, ,: .i: kr pa} ergot fret ,uah lu„ ihr ectl} to the Motr4 gci in,teaJ ~i to fire Af n+..;igo- - - - - - - - -
<br />.~nd the ~t+ :Igagec j,,a Nlr, end the insueuu'z pre' eui,, o; any port flier ~ foal hi t+-pi ni h} t! i 11 ~rigag- cr i,,. (;ttrti utFe:
<br />n, the reduenun ai the rode Mechte~; hereby set urstt nr rte +. he :i,httauuu . r tcpeir of tlx or..pc t r r ..,Rt•d ee rn;._ri 3„r,~it'. _
<br />-i. e. ,d this rtp;iGz,ir a0n~r tr.mzter ~,f title t,~the.m„ttg.,gu!pre{,rtt} mettiagmsivaG nl <<t the -^,itcotcan .Ci ua;1 t.. ret,y.
<br />'ai right. ntle and intesrsi u; rift Ms t t~ t4w ni .:ati t,.a7y i w r,: fir f•,arte, tht.: in! , ,teal ,.a. + pt n., ,+str -Fri c t .:r,:atcc
<br />vi t ~
<br />- `r. [ het ;rs .idJiti, mat .inJ ~ }aril ,d . e„ttit a' nc~ ii.ri earn: iif th ante .iina (uf .utJ a,f +un,. Mi ,tic duc-lit „t, ,auz. ~. -- - - -
<br />n •(ysti. the tl rrty;,~M r huaht avsiE_r, t.. deer Afurtgngc_ e I ~-t,d!t,.-t .ae, i .! r, --::i,h1 _ ri r~. ;,tL,h „cst route ,at .hc _ _
<br />{ ~. t1. c - t I I ~n it „ t tl o, u< dihrt i ~-m ftl n n rl p{t
<br />.h,r.itR-d~ 'n-t,.If4m ~, ,'iher,,s •~_t(lt,Jsthutltr,tiiiat.unon.,,rhatsrv .i,.,a.. -.riva;„- .u.,er,.,,,.u~t, lie _
<br />- ~, h {.,r, r.t. ..r - Z t eh'e, tut ~ha. , ~ ht _ ,, r,- „. ,.foie iii , ~,
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