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'1 h.u. in wJer mote (ully lo prMt~ 11Ae ~ecurily ut IAi~ marywRt, the m~~IF:~.~~. Iu~;elAr~ M i~h ,oJ in .KIJi~Nm ~i.. ~hc maniAl> n?. m.
unJer 1hc ~e~m~ a( Ihe mNe ucureJ herebY. an 1Ae hr.~ Juy ~~f ea~ h munlA unli) lhe ~.uJ n~Nr i. tull~ ~u~J w dl {u~ lu ~he mu~~~aKrr U~• I~~II.~r -
mk.um,: ~
lal An amuum wflicient li~ pruviJe Iht M~Icler herenf w ilA fund~ tu pa~ 1he ne~~ marlp:yst in.urarne prcm~um it Ih~~ in.uumcnl am~ ~In~
nutr ~ecurrJ hereby w~ inwreJ. or a manlAly cA:u~te lin litu ut a marlFrFe imur.uxe p~emn~ml i( ~Ar~ are Ae1~1 M Ux ~ccret.~~~ .•1
Hi~~~~~ye:~nJ Urhan (kvrk~pmtnl foU~~wc
111 11 anJ u~ bng a. s+Nl nwe ~?f evcn Jale anJ ~h~. ~m~rumem ~ue in.u~cJ ur are rein.ureJ wwle~ 11ie M.~~ ~wm. ul ~Ar \.~u~~n.d
Na~cinjt 11c1, an am~Hinl u~fficanll~~ :~rcumulale in Ibe hanJ. al 1he hulJcr une 111 rm.olA ~w~.x 1a h~ J~a J+Ir 1hr .mn?w?1 m.•n
R:~ge in.urrnre premium, in ixJer 1~~ pruviJe wrA hakfer ri~h tunJ~ Ia ~+a> .~Kh ~emium ~u ~he k.~r~.~t~ .d Il.yi.~u~ .~u.l
l~rAan Ikvrk?pmtm ~+unuaM ~~+Ihc Na~iun:d H~x~.in~ Ar~.:~. amendcJ. u~J .~~~i~.:~~+~c Kc~ut,.~i~~. ~l~ ~ro~..k~. .u
1111 If anJ w M?n~; e. •aiJ na~e uf evcn Jale :md Ihi. in,~mmeni are Ae1J M IAc Srrretary ~~f H.w~.in~ an.l t'rh.~~ Ik.rl.~pmcni
munthl.? ~•h:~r~c un beu :~1 a m~?rl}!aKc in~ur:~ncc prcm~uml which .h.Jl hc in :m amuunt c~u.J tu unrenrU~h ~ 1 1_`~ ~•f ~•o.• h.~ll
111?) {+er rrMum ~~I ~he avernKr ~w1.~anJmK t?~d:m~•a Jut ~~n Ihe m~1e compuleJ N itFwwl Ir?~ng in1.~ :wc~wnt Jcl~nyu~ n. h~.~~
~+rt~+ay ment+;
Ihl A.um equal Iu ~he growxl ~enh. if aoy. oe~t Juc. plu• Ihe premium~ Ih.~t will ne~t her~,me Jue anJ pr~ahk un ~~lah. at lur enJ
~~Iher h:vard imurance coverinF Iht mui1~.~~eJ ~ruprn>. ph~. ia~t~ ad{~ a~~e..menh ne~l Jue ~,n tAe mui~~gr.t p~..pr~n ~.JI r•u
ma1cJ bv ~he manKagetl k~. :dl wm~ :dread~ paid thcretar Ji~ ~Jed h~ Ihe ntimher of m~?n1A. t~. rlap.e hct.ar ~~~x m.+mh pnui ~u ~hc
d;de wheo wch lu~x~nJ rentc. premium.. i:~~e.. and .~~~e~~mrnlc will I+ecome Jelinquent_ .uch .um. ~u hc heW h~ m~~~iF.~}r. in tn~a
~a pa~ .:~i.i ~ruu~xi ren1.. ptem~um,. ta~r.. :~nd tipeci:~i a~~eti~menh. and ~
Icl All pa~ menl..menti.ti~eJ in Ihe two preceJin~e wMecuom ~~t 1hi, {+:uagraph :mJ :JI paymenh t~. he m.N1e u~xler ~Ar outr .r. urrJ ha ir- ~
h) ~hall hc :tJdeJ lu~etthtr anJ Ihe a~.regate amuunt Iherc~~f .h:dt tx paid hy the mu?IEagur e:h'h m.~nth in a~~n}k p.~~ ma~iN w 1*r .~p
p1ieJ by ~Ae martg:~ee to IAe l~~Ibwing item. in Ihe urder .tt fonh:
111 ~?remium charge~ unJer Ihe rontracl ot inwrance with ~he Secrelary i~f N~w.in~; a~xt l!rhan Ik~ek~pmrn~. .N munlhl~ .A.~~~:c
,
(in 6eu af monR:4te inwrance premiuml. aa Ihe ca.u may l+e: . 2
1111 ~tnwrni rents.laxe~, acse~smenls, fire. anJ ather ha~arJ mwranre premium~:
111I inlerecl cx~ Ihe nwe ucured hereby: and 1
11 V I amurtizati~?n of tlrc principal ot wid nde. a
Any Jefiriency in Ihe ama~nt of sucb aggregate momhty {+aymem ~hxll. unk~. made g~xxi h~ the mcu~~g.K priax ~he Jur dair ~+f thc nr~~ ;
wrh {r.~ymenl, comlitWC un evenl of defauh under thi+mongage. lbe mi~rtpagee may colkrt a"L•~~c rharFe"ua w~~ ~~d k•w .,•n~> I tc? I~N ~
r.~rh ikdlar ISI) of c:Kh payment mort ~han fittten 115) Jay~ in arrtan 1~~ ruvet ~he t~1ra e~peme im~~1~tJ in h:.nJlin~ del~nqurnt mcni~ ~
z. 'Il~a1 if ~he t~wal uf Ihe yments maJe b Ihe mon or under IM of ~ra ra ' rernfin ~h•rll e~.etJ ~he am.u~nt a( ~Ix ~~mrn~.
~ Y RaR P~ R M~ - P F {
:k~ually maJe by the mong:~gee. far Eround renlti_ taxt~ and a«e~+mentc and imurance premium.. a~ Ihe ra.e may hr_ .uch r~cr.+ if th~ loan i+ ;
fU~fP111~ at Ihe oplioa ot the mortgaqor, shaH, b~ crediled on subaeqoeat paymcets to bc madc by thc mntlRa~[M, or rotunded tu th~~ ~
mortRagor. If, however. the monthly payments made by the mw~Ragor under (a) ot paraqraFh 2 prrc~dieR s6a11 ou~ !.c .utfi~icot t~~
pay Krouod r~nt~, taxes aad 85SCgS111CqIS 8p~ inxurance premiumc, a~ the ca`e may be, when tbc +am~ shall bo~•w~~c du~ .wd pay- _
abl~, Ih~n the mortRaRor shall pa~ Io ~he mor~geFee aa~• amount nece~.ary to make up the dr(icii•ncy, o0 or Lefur~ ~h~~ dat~• whro }
paym~nt of ~uch Fround rents, taxes, a.scs+m~nt., or io.uran~e prcmiums ~hall be du~. I( at aa~ ~im~ ~hc morl~a~or shall lend~r 3
to thc motlRagee in accordan~e Nitk the provision~ o( Ihe no1P srourcd her~by, full paymon~ of ~hr ~nlire iadcbtrdn~+ n•pres~nt- ~
ed ~herrhy, ~he mortgaqre shall, in computiaR th~ amount o( ~uch iaJrbtedne~~. credit ~o ~h~ a~-count of the mortRaRor all pa)mrnt~
made under ~h~ provi~ioas ot ot para~errph 2 hcreo( which tAc mortRaR~c ha. not becnme obliRated to pay 1o th~ tic~•r~t.in o( ~
IlousinR anJ lirban Ucvclopmcat and any balarc•~ r~maininF in thc funds acr.umulut~~d undcr thc provi~ioe~ of (e) uI .:~id . ~
paraqraph 2. I( Ihere shal) be a de(ault und~r any o( the pro~•i~ioas o( Ihiti mortgago, te+ullioR in a public .alc oi th~ prrmi.rti i
co~cred hercby, or if the mortRaRrr acquir~~~ the properly o~her~ise af~et de(auh. the mortgag~•r shall apply, t6e the ti~n~~ of the !
: ommeocemenl o( such prceeedinqs or a~ Ihe time th~ properly ic olhern ise acquir~d. th~ Lalan~~ lheo remaioinR in ~he tuods +
accumulated uader (b) of ara ra 2 ec~diu es a credi~ a ainct Ihe amount of rio~ i al th~~n rcmaioin ua aid unJ~r +ai~J Rotr ~
P R Pa P~ R~ R P P K P
and shail properly adjuct an~ p:?~mentc which shall havc bee•a made uader of said pataRraph_ '
TA:11 Ilt M III ~1:1) :dl t:l\i~. Y~~C~\IOfOI~. M:dCf r.~~e._ :~nd o~her guvernmen~:J ar munici~+al charEe~. finr.. .x im~+u.itw.e.. G.r rrhirh pra- ~
~i.iun ha. nu1 hecn maJr hrrrinlx(ura _.,nd in drf.~ult thcrca( ~h. mor~~::~~ce m,~ ~Ar .amc_ :mJ tA:~l At w~ll prampll~ .kt~~ri ~hr ~•d~ci.J ~
rrrript. ~Ixrtf~~r to thr m~~r~~:agte- i
S. Th:~1 he will permit. rommit. or .utler n~? w a,ie. impairmcm_ i.r Jeletior:~~i.,n o( wid pro{+eny ex ~ny p:,n thereu(_ anJ in ~hr r.r~~ .+t ~hc
t:~ilurc uf the murtga~ix to keep Ihe Fx~ikiing~ on ,aid prcmi.c.:~od ~hu.r Fx crcr~ed i~n v~id premi~e~. c.~ impra~rmem. ~Mre~~n. ~n ~rxl rr
~+:~ir. the mongagee may mal;e wch rep.ut. a~ in il. Ji,creliun i~ m:~~ drem nerc.+:~r~ fut tbe pruper preSen:Aiun ~hrrc.~L .~nJ ~hr (ull .~m.w~n1 a(
c:~rh anJ every ,uch paymem ~hall Ix immeJi:Nely Jue and pa~ahk_ and +h:Jl i+c urureJ hy It~e lien of thi. mart~..gr.
~ 6. Thal he will pay all and ~inguLu the axl.. rh:uge~. nnJ e~~+enxc. irkhidinF ?e:+conaF~k law ytr'slee~_ anJ c.,•~. ~,t ah.Iracl. u1k. m-
; rurreJ ur paid a~ an~• lime hy Iht murl~agec herauu of thr failurr on 1he p:~n uf IF?e mortF.+~:ix prom~+th anJ tull} to ~ri~am thr .~itetrr~rnt.
~ .mJ a»•enam. u( .:~iJ prumi..ary nole :md thi. murl~.a~te. :mJ .aid ro.~~. charFe~. and e~~+en~t+.h:~ll he ~mmeJ~.~~el~ Juc enJ p~~ rhlr unJ .h.~ll
~ t+e ~ecureJ hy Ihe litn of 1hi, m~.rlgaFe.
~ 7'iha~ hc will ?,eep the impru~emen~. now e~i.~in~ ur hereaflcr erecled un ~he m~xtF:~Eed pr~?per1~ ~mured e. m.~~ tt reyuutd iram umt
i tu t~me by Ihc mi~rl~;aget agaim~ 1~.ti~ by firt anJ a.thrr h:v:vJ.. ca,u:+hiec. :~~J ~un~ingenrie. in .uch emuune..~nd (u~ .u.h prn.Kt~ .r. m.~~ I+r
~ reyuired by munt;agee. anJ N ill pay promptiy. when Jue. any premium. an .uch inwrance for pa) ment of r htch pru~ ~.~an h.~. n.d F+rrn medr
~ M reinhe(ure. All io~ur:mrt .hall he carricrf in c~~mpanie~ approveJ b~ morlg:~Fee :~nd 1he ~x?licie~ arxf renewah ~hrre~,( .h.J11+~ hel.l h~ m..rt~.~-
X
~ Ere anJ h:~~e a~tacheJ Ihereti~ Mc~ pay:~bk cLn~.e. in (avor ~,(:mJ in f~xm acceptahk t~, the monEagtt. Int~tnl uf 1~... Ac ~~D c~.c ~mmtJietr
~ ni~tict hy m:~il ~o mortgaFee. :~nd mo?tgaget may make prex~f ai I~i~~ it na mad~ promp~iy by monp:~g.x_ :+rnf e:+cA ~nwr.~n.r ~ump.m~ r.~n-
remtJ i. herchy :wtfx.rinJ :~nJ Jirccted Io make pa~ ment !or such k.ac Jireclly io m~xlp+~tee irt~~e:~d u( 1.. mur~g.~~.•r .~nJ mortF.~~rr ~.anila .
:mJ Ihe in~ur.mce pr~xeedc. or anp pan ihereof. may he applied hy mnnFagte al ih i~pliun either to tlx redutuun o( 11?e inJcMadne.• herrh~
~ ~ecureJ or to Ihe rt~totaliun or repair o( IFw pro{+erly d:~maFeJ. In e~~en1 of foreck..urc of ~hi~ mor~F:~gt ur .~iher iran.Icr of hlk t.~ Ihe mort-
F:~ged property in ertinKuishmem o( Ilx indehtednesc ~ecured herehy. ull righ1.1i11e. and inttre~l o( If~c murt~:agor ~n anJ to am imur.~n.r M~h-
~ cie~ ~hen in farce shall pncc to ~he purchaur or Framee.
~ K. Tha~ i! the premisec. ar any pan ~hereoL tx ronJemned u~xier •rny MiNer of eminem ~main_ ~x :Kquircd (or ~+ut+l~. u.c_ thc d.~m~~.•. ;
~ pr~needc. anJ ~he a~nsidera~ic~n tor ~uch acqui~itian. w Ihe ertem ~~t the fult amoum ~~t inJeMedne~~ u{x?n Ihi. Mix~gage. an~llha \.Ne ~c~urc.l
hcreb remainin un aid. are hereb ?.~i ntd hy the Mor1 ~ or to Ihe M~xl a ee and ~hall Fx ~id furthwith 1.~ ~he N.,r~ ~re tu I+e I~rd M 4
~ Y 8 Y~ F 8~ B F" ~ D~ b b PP
~ it un :Kawnt of the indehtenc« cecured htreMy. whelher dut or ncN. . •
9. That ~he mortg:~Fee may. a1 any iime pending a cuit upcm Ihie mungage_ apply to tfie awn having juri.JKth.n therc.~f i~.r ~hc :~pM~~nt- ~
~ ment o( a rectiver, and wch nwn chaU (onhwilh appoint a receiver ut Ihe premi~e~ coveteJ hereby all anJ ~inEui.u. ~nilud~ng .~U .~nJ ~~n~idar ;
~ tlx income. prafits. issues. and revenuts (rom whalever ~ourct derived. each and every ot which. et heinF e~E?re..l~ unJer.t.xxi. hcreM
~ ?
morlg:?ged ac i( s{+ecifically se~ tarlh •rnJ de~crihed in the granting and hatxnJum clauus hereo(. :~nJ .urh rcce~~er .h:~ll h.~~r all ~be hu~.~d .~n.l •
eitec~ive tunctions and ~werc in anywi~e entructed by a ciwn Io a recei~er. anJ cuch appi~intment .hafl Ae m.ede h~ wch c~~ur~ a. .~n .wlm~ItrJ ?
equity and a malter oi abwlule rigM lo caiJ morlg:+gee. and wilhoul re(erence tn Ihe adcquacy i~r in:wlequ:.ry ~~t Ihe ~a{ue ot the pruper~~ mur~-
~ gaFeJ ur lu Ihc .~dvency ix imulvency o! ~aiJ mur~gagor ar IAe Je(cndant.. :mJ Ihat wrh rem._ pr~,fit.. i~..mc. i.we.. anJ ra~cn~K..h.dl l+.
~ ~DD~~~d hy such receiver according Io the lien ot thi~ mort~ge and Ihe praclice ~~t wch awrt. In tAe event oi any Jetault ax~ ihe part uf ~hc m~.n- #
pa~ti~r hereunder. 1he morlgagor agree~ Io pay to tlx morlgaget on demanJ ac a rea~onat~k monthly renlat far thc prcmi.e~ an amuum a~ ka.i
e uivalen~ ~o one-IweU~h 111121 at Ihe a e ate of ~he ~welve monthl in~t•r)Imenl~ ~ abk in ~he ~hen current car lu+ the artu:J .~m.wm u(
~ 9 RPJ B Y P~ Y" ' P '
% tlx annual taxes. a~u.sments. water rates. and inwrance premiums tor wch ye•rr nd covered by Ihe aforeviJ monlhl~• pa~ mem.. =
10. Tl~a~ la) in ~he evem ot any brtach ot Ihis mortgage or detault an ~he parl af Ihe mortp.:~ix. ~x 1 bl in the even~ tha~ an~ .c~~J .um. `
- monty f~erein re(erred to tx nd promplly a~xi fullq paid witlaul demand w nMict. or Ic/ in 1he event lhat each and e~en tAe .u~wkw~~r?.. :
r= :~rcemenlt. conditionx. and covenants of caid ndt and this mortga~te. art nM duly. promptly. and (ully pertormed: tAen ~n e~ther ur rn~ u~rh ;
~ evenl. the said aggregatt sum mentioneJ in cnid rale then remaining unpaid_ with interes~ accrut~f 1o ttw~ ~ime_ -rrxi all muney..ecurzJ hereby. ~
~ chall txcome due and payabk forthwilh. or Ihereafter. a1 1he oplan of caid morl~tte. ac tully and compklely ae i( alt af Ihe vi~f wm. of m~~n-
~ ey were originally clipulated to tx paid on such day. dnylhing in wiJ ncNt or in Ihi~ morlp:~e tu Ihe cootrary nMMrith~iandin~e: anJ ~hereu~x?n ~x
~ Iherea(ter. at the option o( said mortRaget. wilhoul notict or demand. wi1 al law or in equily_ may bt pro~tculed a~ i( all m~ntyc ~uaJ M1ert-
~ by had malured prior lo ilc insli~ution. 'The mon~agee may (orccbse Ihis morlp,a~te_ ac to thc amaunt so deciarnl due and pay~l.k_ anJ ihe ~~iJ
~ premises sFWll be sold to sa~isfy and pay Ibe wme Ioge~her with cost~. expencee. anJ albwances. In case ot panial t~xeckiwrc o( ehic akutgrge-
" the morlgaged premises ~hall t+e wW wbject to ~he continuing lien ihi~ mortg:~e (at the amoum of the deM mw then Jue ~o.f nnp-rid. In wrh ~
~ case Ihe provisions ot thic paragraph may agaio tx avaikd o( thereaft~r from lia~ tu time by the mw~~gee.
~ . ~ g~~K 28~. ~~E 711 ~
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