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ADd cha11 duly, promptly, aDd fun,. perlonn, ~ exec effect, eomJJlete. ply with and
abide by each aDd eveq the'at.ipu1atioM, qretmellta, conditions. aDd COVlIJIIWlta of promiaory DOte
II1d of Ulla mortpp, theu thia mortpp Md the .tate henby cruted aha11 ceue and 00 null and void.
And the mOl't.ta.lor further eovenanta u tollows :
1. That be 1rill I*Y the indebt.edneN, u heraiubeton; provided. Privil.-e ia reeerved to ~ the
debt in whole, or in an amount equal to one or more monthly paymenta on the princll*1 that are DeXt due
on the note, on the ftnt day of any month prior to m3turlty: Provided, however, that written Dotice o.f an
intention t.('l exerciae such privllea-e is ctven At le&:rt thirty (SO) day$ prior to ~Mt; ud, provided
further, that in the evei1t the debt is paid in full prior to maturit7 and at that tim9 it is iDAW'ed ilDUer
the provisions of the National H!)OA1nl' Act, be will PItY to the mort....,. an adjuted pnmium cbarp of
one per centum (1 %) of thE o.neina] principal amount therwt, except that in DO eVSlt Iban thelldjuated
premium exceed the~gate amount ot premi1m1 eharpa which would have been payable 1f the mort-
rare had continued to be insured until m&turit).; loch payment to be applied by the mort~ upon its
obUption to the Federal HOUling Commisaiol>er on aceount of mortpp insurance.
2. That, in order more fuliy to protect the aecurity of thil mortpp, the mortp&,or, tc~ther with,
IlId in eddltion to, the monthb' payment! under th~ tenus of the note secured hereby, on the tint day of
esch month until the said note is fully paid, will pay,to the mortPa'M the followf.ng SUMS:
. (4) If th~ mortpge and the .said pO~ Meum 4erebJ ~ inaured undt'r the provi.i~ns of the
NatIonal Housmg Act and 80 long 8.6 they contiaue to be 10 lnaured. one-twelfth (l,}t) of the &l1nual
mortl'~ insuranca prem.iwn tor the purpoae of puttina- thfil morta~ in lunda WIth which to diI-
charge the said mortgagee'. obligation to the F9deral HousiDjC ('A>nUnla8ioner tor morti'age iNluranu
premimJla pursuant to tht. Ilpplieable provisions of the Natkmal HOWling Act, as amended, and Rea-u-
Jationa thereunder; the mortgape aha'U, on the tennination of Ita obliption to pcy monPl'e insur_
ance p~nuu~, credit to the account of the mortp,(JOF ti;r;1tiiftta mad. under the prov,wona of t~i.
~ub8ection which the ~ortl'.,-ee hu no\ beoome ~lp* ,to f46 to the Fodera! HvU41I11' Comnli&-
aioner.
(b) A 15wn equal to the iTOund rent.. if any, n~xt 6ue, pl.. the premiums that win next become
due and payable Oil policies of tire and other hazard insurance covering the mortgaged properly. plus
taxes and aaaeS8ments next due on \..he mort.aged property (all as eatlmal.t:<:i by the mortg&l'~) led
all sums alread)' paid there!"f divided I by the nUDlber ot. months to el&pIe ootore one month prior
to the date when such ftound renta, premiunul, taxee, and ~eu;nents will become delinquent, such
sum8 to be held by mortga~ee in tr.lst to i>&Y ;;.:Jd ii'vliild ii:nta, pre...rniuma, taxes, and bpeci~ A8IeS&-
ments.
(c) All paymenta mentioQed in the two preceo5ng lub&ectioIllJ of thia paragraph and all pay_
menta to be made under the note seeul"erl h~reby shaH ~ added together and the ,,~te amount
thereof shall be paid lly ttte mortPl"11' ucl1 l~:>nth. in a aingie pqment to be applif'd by the m"rl-
g&lfee to the following it.ml.a in the order !let forth:
I. {)remium chi.l1fe& under the contract of m.ur&Dco with the h,deral HouaiT", Com-
mwionar;
n. g....nmd rents, taxa8, UlM!NlnentJ. (.re, and other hau.r.j in.sur&n~ premium!!;
m. i1H~rellt on the note 5--~I..--red h'O'raby ; aud
IV. ar..orti7-ation of the prit,cipld ot ~d note. T""
Any d~hC:~llC;.- in tr" amount of ..Udi ,,~t.regnte monthly ?lym~..it .hall, \.lnJ~ -na.-.ie good by the
rno~r pl'ior to the du~ d&tt' at the n, xt such p.f~eTlt. CQ.rl!titut.e an e~en" of default under thi1l mort-
2'~.- The mQrtgagee may .:oil~ Ii ....<,tf> chart<< jlOt to ex,,~ tw, e~ (U) tc-r ~h dol1ar ($1) of
e&eh }iil)"ment lOON th~ ilfteen (15) -iay!! in ~ to cover the extra expense invu)v.,u ia h.:mdling
delinquent P4y~nta.
3. Th.t if the total of the pS}'111mlU m.d~ 0'1 the ffiQrtgqvl' under (t..) 01 par~.yh Z p.reo2dini' lOhall
exceE>d the 1m'10unt of. paymeTlb: a:tualiy made by the tnort<<~, for j'ro:.nd nm,ts. tit.xe& !Uld M8eume-ntJ
and il13m-a.nce premium!, .... toP. C~ may be, 8Ueh ~XC;e&!\ shall bt! credited by the rr.c~..ee on Iub.sequent
payments to b.e made by the morli&JlQr. If, howev6r, the me,nthly pa.:rments O".ad.el by U"te mortgaa'or
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