|
l ;month prier to its t~ Date the anneal mortgage insurance premium in order to provide such holder
<br />,with funds to pay sucif premium to the Secretary of Htwsing and Urban Ileveiopment pursuant to the
<br />4atirartal 1t-ottsirtg Act, as amended, and applicable Regttlatinns thereunder: yr
<br />{lf i if aced x long as Eaiaf note of even date and this inatsumerit are held by [he Secretary of Housing and
<br />Utfixtt l)eveiogrrtent, amonthly charms ; in lieu rrja mrart~tge innrmnce premium) which shall be in an
<br />astatrnt equal to anatwelfth {1112) of one-half (1/2j per centum of the average outstanding balance
<br />due an the note computed without taking into account delinquencies ar prepayments;
<br />{b) A stmt equal to the ground rents, if any, next due, plus the premiums that will next became due and payable on
<br />p>oiicies of t1re and otitcr hazard insurance covering the mortgaged property, plus taxes and assessments next due
<br />rsn the mortgaged property fall as estimated by the Mortgagee/ less all sums already paid therefor divided by the
<br />nttrrtlrer of trxanths to elapse before one month prior to the date when such ground rents, premrurns, taxes and
<br />assessments wilt become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pre-
<br />mitsrrrs, taxes and special assessments; and
<br />4ej Alt payments mentioned in the two preceding subsections of this paragraph and all payments to he made under
<br />the note secured hereby shall be added together, and the aggregate amount thereof shall be paid by the, Mortgagor
<br />each month in a single payment to he applied by the Mortgagee tr, rite following stems in the order set forth:
<br />{Ij premium charges under the contract of insurance with the Secretary of Housing and U=hen -kvelupment,
<br />ur monthly cha=ge r in lien n,f rnortgaltr' insvronr•e premiuml, as the lase may hr;
<br />{-Ij ground rents, taxes, assessments, rice and other hazard insurance premiums;
<br />(Ili) interest on the note secured hereby; and
<br />{IV) amortisation of the principal of said Hate.
<br />Any deficiency in the amount of any such aggregate mttnthh payment shalt, utdexs merle gtrtxi by the Mort-
<br />R>agar prior to the due date of the next such payment. ~trttstit[tte an event .» defatdt under tlttsmortgage_ llte
<br />Morgagee may collect a "late charge" not to exceed t,+ur tents t•ttel fur each dollar i$11 u1 ractt p•aymrnt snare
<br />that fifteen I l>1 days En arrears to cover the extra expense tnn.i*ed m handling drtutguent payn~nts.
<br />3. That if the total of the payment, nude by the ytortpagnr under : •, trt paragraph '= pret°eriink t:hatl e4cet=d
<br />the aiatitutt of paytat'attc actually made by rho 1lortgtiRt*,t• for ~mwnd rent,. Last+w aced a~rr~-utnt•trt~::tr in>rrtrantr prt*
<br />miumm. ar the ca-t• may Ise. such exee';a+. tf the- late tti cum•rtt..tt the• ,r}xnur o! the• ,Mtatga{tor. -+fiit11 hr t•r+rdited lx
<br />the tiiortgagee rrrr ~ubwequPttt paytnent., to !ar• made bt elan ?utrtaaatrr. err r.•Timd~ _.. ,ate
<br />rnatehly pay-ment~ mark bs• the Mortgagor utidrr ~'; tri l~ragraph ' Exet•etttnK ,halt rwr t+e suiitctrnt fo puv grounai
<br />r~sii, taite~ iwd a_+::essmtHft- or in~tttance pecmium~, a, the cac-e may rte, wttaat the ~.aase ->hall lsreumr tiwr and ptsy-
<br />able, then the `abrtR>~ ~ha-i pas' to the lfortgagee ens aaustint nt•ce-mart` ro matte up tArt d~fis~rt. tart ~ §~fttt~
<br />the: date when payment of such ground n•nG ,taxes-. a_~~r---meet- t+s rn-urotttrr prefatum{ shall ha dtu• If at ~s
<br />titae the lfort}gagor 31ia11 tender to the ilunga}tae, to accordance with the prn*r~irrn~ of tht• nete -xcured hc-caller.
<br />full payment of the entire indehitthte~Y repre~enttrd thereby, the= yitrtti;aKrv -:trail. in ctaEltpasting else a~a~t tyi .•-aroma
<br />uttiebtetLtrss, credit w ttte account of ihr tifortyagtx .tit l,•tymc-ru*; to usvler rttr frruristtrn+ sd r,r; tr# p~r'~±
<br />hentaF which the 0lortgsytee ha- nut Irecume uhlieau°ti to pat ar the `•+•crr•tart of Hou-reel ;rl t rbatt [~^ribtfata
<br />sod ipty tw-lanre rtvnaintng in the fundK :tt•cumulated under the pseesr~rrur- rte <tl parartealsh ' hetvtrt t: aAerr
<br />.ttall be a default under any of the ptctt-con- eti' the- rtxrrtya~r re~ultrtf~ are ., put?trt -ata• ,.t tttrr~rE•tsrt~~ Eoi:~rerr€
<br />hereby- ar if the 1ArrAytattet• et'tprtrey the prnpt•nt orherwr.e otter driault, the \Mrrt~a;{t•r first! aygty ..t :Ira t:Atr ,sr
<br />the commencement of wch pn.ceedrn}t~. ur :it the' time she' prepares r- atht'rstt-t- .crtprtrFtt. -r F•~I~xF _~ `~~a
<br />ins in ifie futyds accumalak•rl untk•r • of parai;r:tpta _' prrvr•.dsnt;, .tom .r srr-tell agfstn-t the rtts+wnt+,t ire.:rte~ti tit=^rt
<br />retnttinintt unp_ aid larder .maid note, .end .trait prrrlat•rly .tdita=l snr trayatt- ~irrctr -bssit *ta:e h- •r+ 8=+~ ~^a E
<br />of partt);raish °.
<br />S, That rite 4furigagtta wr 3 t'ai t;rt=oleo erne, r j'frr ~ - - + c- -- t€ .-4c „rear -rx-sir-~ •~- - ~=~.~«e.
<br />cttargrs, t1t~ ig crept tax t- - ~
<br />navthrsame .rrwi-th~,tkr ~sut- Wit;:, ...;,.,.:_._ ~,=tom ~ --_ _,.._~ x ~ ~ = --
<br />*. •1'hz Mtrrtg;~gtrr fftp p=tv ' t r..nz=,4 i~ =tree ug:€ =:s~~= .,~ ~.z-
<br />.: ek ~fsht ..s. eves! i Y 'hk rftfir 3r1* t ~ tt~,r *tr tt 25gi „rya i# &JC arvrw
<br />--»- -tom - `ai"~ ~.. <.~
<br />fi,L„-fttE. a~nl, -- - - t>r._4i •-••__'_~--.__ __-___- _-__- _-- - _ _ _
<br />~y l~sx ~ slit} t r fife *'tent title ,cr: tt x:!{ rSi,l ttdtlf ern 4. 31 u,tkt N. rl.e t+r3r c s -r{Nri]liii- .trt rt4- "i -- - -~-F
<br />Imposed Utt Mortgagee. ;lost writ hk ihr rtt-rt tat :elate :r:y c - s ~zrr^- ~_r?~'_~ 4~t~ae ~ .t _•:.. ~ -~=
<br />taking. ter if tier Mt?rtt-i!'rt proltihafed t+t ens lea f:et~ <er herxettrr t*r>•ntyt~rom t,.avterg tree K+rir •r oleo r».,r€~.+c^t c~ ac:
<br />:aid taxes, tyr upon the rendering ut soy ivurt drtarr pr aittirtttrtg ettC pay nxor ry roc 4t*rtt**r ,r ,.•s. rr r~s*=~ °-# ' ~z+=
<br />tx decree provides Ihat any umtwnt w purl h} the 4itrrttpvgt~r ,ha.l tr .rrdttrv t=ra star trt~utt w ~taAt. tt~ 's!ttea ~t~°=
<br />ihr right to give nirtrty slays' written nutise to she s,w~er 4•t" the rr~rtgagrti irrrms+. - !r*yvrrt ~ tt~ t`A3~`E,f ..t :?~ ~;->r€r;
<br />debt. if such notice be given, ihr .std drF*t retail Bc=:rittr dom. its; ~=3r aract l~. t : ~= ti~i c,pus ~= 4t r~t~ ~ ,
<br />h, That should tar full to pet} any' runt t-r krzp an* <-vtt-•tr:+rr ptuvtdrr! t,x to Etter, litxtirattc etrrrr tier 4t Yry;syu* ; ac. ,::a*~
<br />[tun, may pa} lu perform the saair, ant! alt r *prndrturcs +tr nestle *frsit i~r ,aura tt• itvr E=r rrs,~t ,,:{t. ;_; .:_- =rmt a ~ -_ -'~
<br />shall tw secured tsereby, anti ,halt bear intrrr*t at tilt: rate vet t,arth to the wet tt~tr. trrtitt pant
<br />'. 'fhut hr hereby asigrtn, ironsiers atr.t srt+ t•*er is tfrc 4ttutg,.gee. t r=c, a; tt ~ tLtwsr+t + ~ •-~+~ 't ~'~ t
<br />solos srt:urrd hereby in case of a drlauit an Litz peril r atsn.c ,•_ ,==t..=t ,~' ,rt;,:, .,.~ _,~Rt°~ •~- tt ;may t~~!,~~~ ~ '~~'~
<br />note. a1i the reels, revrnu+CS anJ ugcrn~ tufts dertvrd trans rRe ,nany,ags.! psxsttacs uureay „~.,h nxt+: ~, lava s..trtgs;~c ~+,arr~a
<br />tmaa shall rrrnaln unpaid; and the. Mortgagee rhail ha, c pmwrr t„ .3plro:uut set, ..gear vc rgrtti~ .t aw, Wtsu+C *-,,. rhr F'~t9=+~ *•^t
<br />repairiteg staid pretnicr+ and ut renting the saner octet -,,fast€trg trr< tents r st,ttres nr r-h+~~,s F s= ~t r ,
<br />ctames all r4pzases of rrpairitty utid pra:mt,rs arrt ~*t 5saf y <ttatrErtsa}aa, ~r i e-*c~ta~z3 sr~trrt~t ~ =rates +~ ~ ~ _
<br />Satter ated of colleeting rentals therrttant, the haitn*r erruauttri~, tf any . t,> P,r apptastl tuwaid i~t t#s,,,:g.=t ~+rrt-
<br />intletrttdflCSS,
<br />v '€~1~ I.A zili 4 mn rtw tax r.~tr~trRr tt:tt~ t' ttan_k¢ to tar€raltrr t€+< f2at ..rt flea' c ytits~cu c -#~ - ~ .
<br />r~ttard from titre to time t=y live Morse atn*t tug, t+y Luz anal ttrrr F,.t, ~,u t~ .: -.~ '--_
<br />atittyurtt and for such period. as may be requirett 'r+y else ,iurcgagee arrt€ '_ ,'-~i f,,.::. ~ .'~ _~ ~=
<br />insurattsr pttrvixion fix payrnem tyf wttl*h has nut beets tianatr i~rrrntrrrtat iii of err rft*c rest hi .. =e ~ ._ >_ _-
<br />proved by the Marge and ihr pulit'.irs octet rrttrtvulx tln;trui relate i,r trrta its the ~#t~-tom a `t:3. ~ _ _~=
<br />payairk clauses in favtx of trod is farm ar:t-eptrhk ku thrt'.*lcwtxagec trt r+cnt t,r lt*. ~.xt«r rr. tEt e a~t~.tr~~t 'r~~
<br />tttaiitu t$e iN~i<r. wirii rtkgy toake pt,wf of keys rt nvu rrt-tote promptly by 1~+2rtgytvu. and rash uretr+~rs.c , ~+p.+*•
<br />crttied is ttrretay authurited and diarct€d t.r nrakr p~tttr=nt fc,r sts4h ..ass Directl~t rt= rbe Mrgtter rt:stra3 ,,, rr.,e r ram„
<br />aatl tilt, Mtsriga~t jrstrni}', attd ipe insurance prtaCr~ctt+. trt ,toy part thrrett{. ~t be ~,ppitsai try lets 43.>Frg~~ t.t= °'~,
<br />tie ihr redtn:tiun art the indeistednes5 hereby szctrrtat err tt:the rerttrratiurt or [rTratr of tlx pz=tt^~^rh +t.t. „as.. x. _ __ -~
<br />sutY tai this axuigage err vrthet transfer of title to the murtit;tterd property in r*unytutstantrnt ,+t tt+r tttasr+r€ ~ >- - +
<br />alt right. tits atM stuere*t at ihr Matxgayvr en and to any irrtardn.z p:±tttira. elate trt t4wts .ieaii la;s t+, tr=c -~-: sir __ =
<br />9: 'Th+at.+-s tlrtdrtisnal afssi iotttttrrat *e:;urny tut the t'aymrni s,f ihr na,te de::n~tf- .~.~ :1=` .ue.,- ;.. _~,,.~~e =;..s ~-~s+ -t•-=
<br />rt*saatg'~., ti3e ?tirtrtg,9atu lazrehr avstgn* its ftar;Marf~:>Yez alt prttlol., rrrrnrrzs, russttce*-. eaglets •rrw €+,cttr-rte, ,, a..+as •_` _=~
<br />4t:.rrs~n,sr urui,+v r.nti rtnj ai4 cut arul ea, ica4es ern *atti narnttsrs. ss tth fire riahr :~ ar.cttt• ,tell !e. rrr•t l,.sf ftvr ,~
<br />.-~..~..~,.~._ _ a .t{ y
<br />....~~, e,-.r -.._.,- ~. _ _ __ _ ~ _ _. _ .
<br />themtawit~e#ats~pa-s an waithefwrasaftertfrfsuitinthe:autdttsaan>•..+f thisa.,,rr~4r, eta c7icii,>,frce ..,t ~ ~ -~.
<br />ire ::ant re~:trtrCi any ;urtt payments w }ern due sot: ptsYa~. t=ut .Hai? >,r>t ~ -sleet-rr - ° „- ~, ..~. ~-;~r~=n.tt= ; -
<br />aittt Irr*ornr nail octet yard upasn frtea,r ' tht•. murtp~te
<br />
|