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That. in urJtr murc (ully to p~uttct Ihe .e~ uril> u( thi. n?ungage, the murtg:,gur. tugetber w i~h. anJ ~n aJJuiun tu. thc mun~hl~ pay ments
unJrr the termc uf the note .ecured hereby, on iht fint Ja~ u( ra~ h muMh un~il the caiil ~utt i~ (uity paid, wiit pa~ tu Ihe mw tgadre the fultua-
ing.um~~
la1 An am.wnt culTicienl ta pru~idt Ihe hoWer hrrcut Nith (unJ~ to pay ~he ne~t mungagr inwraoce prrmium i( thi. in~lrumen~ and ~ho
nule cecured hrreby are inwred, or a munlAl+ ch~rgr lin liru o( a murlgage inwrance premiuml it ~hry :+rt helJ by Ihr Stcrrl:~ry ot
Nuus~ng and U~ban [kvelupmrot ac follow~~
Il) If and +u lung r~ ~•rid note of e~eo date and Ihi~ inslru ~ar~~'(~~~f~; ur t nty~r d u~xler ~he pro~i~ion~ ut thr tiatiun:d
Huu.ing Art, an :+muunl wtTicient ~o arcumula~e in the~nac 2ff~x 1~fer Wtie I~rt1~~ prior to ih Jut Jate thr annual mon-
gaKe incurance premium, in otder to provWe ~uch holder undc 1o p~y +ueh p~emium ta tAe Secrrtary of 11uu.ing and
~lrb~n Uevtlopmertt purs~~nl ~o ~he fV•rtiurtal H~w~inx Act~ ~c•rbk Regulatiunt thereunJer, or
11U It anJ su lung a~ ~aiJ nute ot t~en Jatt and this ins~tumem pp ~~~~tary uf Hou.ing and Urb•rn [kvtlupment, a
munthly charge tin lieu ai a mungagt m.uranct premiuml ~ilt68K QIR~~Iqi~~~muunt eyual to une-~welfth 11I1?i u( ~~ne-F?alf
(1/21 per rentum uf ~t?e averagt uut.tanding balanch -~A~,~n rtp{~ computrd witFnwt taking intu arcuunl drlinyurnrit+ ur
prepaymrnts: _ .
!hl A wm tqual 1o the g~uunJ rtnts, it any_ nr~t Jue. plu~ tht premiums thal w~ill ntit Ixc~?mr Jue anJ payabl~ ~~o ~x~licie~ ~~f fire anJ
ulhet halarJ inwr~nce ci~vering the murlb:+ged pruMrty, plu, ta~e~ and asse.cmem~ nett Jur un the murtgaged pruptrty lall uc tcli-
matrd hy the murigagrrl kc~ •rll wm. alraaJy p:~iJ therefur divideJ by 1he numtxr ut munth~ tu tlap.r t+e(urc unt munth prior to tl?e
Ja1e Mhen wch grou~xl rentti. premium~. Ia~tc. aod a~cr.+mrnh will hecomt delinquent. wch wms lu be AeW hy muitgagee in ~ry~t
to pay wid gruunJ ~ent,. premiumc, ta~ec. anJ ,pecial a~.r.~mrnt~: and
lc 1 Ali paymenh mrntiontd in the tw~o prcceJing wh~ectiun+ ot thi~ paragraph anJ all paymrnt. to he made und~r the nutr ~ccureJ here-
hy shatl tx aJJeJ ~oge~hrr :~nd the a~rrgatr amuunt thereof .h:,ll hr pa~J hy tl?z mortg~gor ra:h muMh in a.ingle p,~ymrnl tu he ap-
p1ieJ hy the mortRagee t~~ ~he tolluwing item~ in Ihe nrQer +e1(urth:
111 premium rharge~ unJer Ihe contract of in.ur.mce with the tiecretary uf Huu.ing anJ Urb~n I~e~•rfupmtnt, ur mumhl~ chargt
lin liru o( mor~g;eRe imurance premium). ac ~he cace may tx:
1111 ground rrm,, tate~. a~~ec~mentc, hrc, and.~ther harard in.uranct premium~:
~ 111 intere~t on Iht note ~ecurtJ hcrchy: anJ
IIVI amorli~ation of tht prin~ipal uf caid nut~.
Any Jrficienr~• in the amuunl o( ,uch a~rtgate monthlp p~yment ~hall, unle~c madr ~;~x~d by thr m~xtgagor prior tu ~he due Jate ot thr neat
wch payment, comtitute :~n rvent of detault under Ihi. mvrtgagr. "fhe mortgagre may collecl a"I:+~t charge"not to ~•zce~vl k~ur crnt x( 4t) (or
~~a~h Jullar ISI) of rach payment mure Ihan fifteen (1~1 day~ in arrear~ to cover ~he c~tra e~pe~tie imah•rd in handling Jelinyurrsl paymeah.
3. That if the tulal af the payments made by the m~xtg~gur unJer ! h1 i~f paragraph 3 prrceJing .hall euerd the amount u: Ihe payment.
aclu:Jly madt by the mort~;ager. for grounJ rent.. t:+~e. and :~tic~~~menH :mJ imuranct premium.. ac thr ea.r ma~ he. .urh e~cr~. i( the loan is
~u~rent, at the option of the mortRaKor. shall. be ctedited on .ubsequent payments to be rnade by the mortgagor, or refanded to thc
mortRagor. If, MONCVPf, the monthly paymc nts made by the mort~agor under (b) n( paragraph 2 prPCeding shall nat bc ~ufficicot to
pay Rr~und rents, lax~s and a~:sessments and incurance premiums, av the case may be, w•heo the same shall b~come due and pay-
ablc, then the mor~ga~or shall pa.• to eh~ mort~aRce any ;unoun~ ncce.~ary to makr up the de(iciencv, on or brforc ~he date when
payment o( tiuch grounJ rents, taaes, atise•s.ment., or insuran~e pr~miums ~hail be du~. If at any timr the mortgaRor shall tender
to the mort~aqee in accordanc~ with the PlAVitiIOOS Ol IFlF note sec•ured hrreby, Iull payment o( the entire indebtednP~c represent-
ed ~hereby, the mortgaRer shall, in i omputinR the amount o( such ind~btedness, credit to the account o( the morlRagor all payment~
made unJer th~ provisions o( o( paraRtaph 2 hereo( which thc- mortKa~ce has not become obligated to pay to th~ Se~~mtary of
Ilousi~R and l~rban U~vclopment and any baianc~ r~~naininK in thc fund~ accumulatt~d uader Ihe provisions o( [a) of said
paragraph !f lhrre .hal) bc a deluult und~~r any of the pro~•i.ionv o( this morlKagP, resulting in a public sale o( the premitics
covered her~by, or i! the mortgaRee acquir~•. the property o~h~rr ise a(Ier Jef:~ult. th~ mottgager shall apply, the th~ time o( the
c~ommenoement of cuch proceedinRs or at the time the properly is othert.ise acquired, th~ balance then mmaininq in the lun~is
accumulated under (6) of paraKraph 2 pr~ceding as a credii againct !he amount of ptin~ipal then remainiog unpaid under sai~~ note
and shall properly adju~t any payments ++hich shall havc brrn ~na,je under (e) o( said paraeraph_
a"fhal hr w ill pa~ ;dl la~r.. .~..r~~mrnt.. w:~trr ratr.. :mJ u~hrr ~:u~emmem:J or municip:~f char~t~. nnr.. ur impo.itiun.. for w hich pru-
~~.i~,n h.~~ nat hrrn m.~Jr hrmnlxlutt. anJ in JrLiuf~ ~hrrc~~f thr nx~rt~:.~~rr ma~ p.~~ thr •:,mr::mJ that hr wiI! pr~atiptlyi~~ef'1hf,slf~l~ici:~l
rricipl. thrretur ~u thr murt~.~gr~ ~t
5. That he w ill pxrmit. ~ummit. or ~udcr nu wa~te. imp.urmrnl. ar drlrriuraliun u( .:~id pru~rt~ ur :~m pan ~hrrru(: anJ in Ihr e.~~t u( the
faifur~ uf thr mort~:agur tu lrrp thr building. un .aid prcmix.:mJ ~hu.r tu F.~ crrcteJ un .ai;l prrmi,e.. ur impra~ement< ~AePrun~i~Y Fc~d I~-~'
pair. rhr mort~:a~;rr m,y m:~kr wch rrpair.:~. in i1. Ji.rreti~~n R m:n Jrrm arre..arti fur ~he pruper pre,erv:dinn Iherrut. and IFIt ~UI) aFlflouq4AFt
r:~rh :~nJ r~rn .uch pa~ mrnl .h:Jl hr immrJr~tal~ dur ,~nJ p:i~:~hlr. .mJ .h:dl he +rrur~J h~ thr lien u( thi. mort~.:i~.r.
b. I fiat hr w~tl p.,~ :JI anJ ~ingular thr :~.,1~. rh:u~:t.. :~nJ r~~n.e~. ~nctudin~: rc:~.unnhle law yer', tee.. anJ c~~,t, u( ah.lrarh „f ti11e. in-
.urreJ ur p:~iJ at an~ time h~ th~ murt~:~ger Ixc;,u.r uf Ihr Liiiurr un thr part uf thr murtg:~~ur prumptl~ a~J fadlt t<~ pe~(urm 1he agreemenh
.,nd r~~~rnanh i~f ,;~iJ prnmi„un note anJ thi. murt~;:~er. .~nJ ..~iJ ro,~.. rhargr.. :~nJ r~prn.r..h:+il he ~mmrJi:arh Jur :mJ p:~yahlr :~nd +hall
hr .rcurcd h~ ~hr hen uf Ihi~ murt~;a~r
"I h:~~ hr w ill kerp Ihr ~mpru~em~nt. i~uw ~~~Ztin~; or hrrr:~fltr rr~: trd un thr murt~::~ged pruprrt} in.ured m.~~ F.~ rrywred fr~~m limr
tu t~me ht thr rrurt~;aerr .~g.un.~ tu.. ht fire .~nJ o?hcr hai:~rJ.. ia.u.dtir.. .mJ ~onlen~rnrie~ in ,urh amuun~, .~nd tur .urh prri~xl. a. may he
r~yu~reJ h~ m~x1~::~~:rr. :~nJ will p.~~ prumptl~ _ whrn dur. :~n~ premium. un .uch in.ur.~nre (ur p,~y mrnt u( whi~h pru~ ~,iun ha. nut hrrn maJr
hrrrinhrfore :111 imurance ,h.dl F.r iarrird in c~~nipanir.:~ppr~~~~d h~ manE.i~ar :~nd Ihe p.~licir. and rtneu:,l. ~hrraut .h.dl ha halJ h~ murtga-
~ea anJ havr :d~:~~hrJ lherrtu li... p;~c,,hlr cL~u.r. m fa.ur i~f ;mJ in fi.rm ;~crepr.~hlr tu thr murtE;~gre In e~rnt ut l~~.. hr w i!I ~:i~r immeJi::lr
nuUCr h~ m:eil tu murt~:igrr. :mJ murt~agre m:~~ mal~e pnaif uf I.,.i e( nu1 madr pn,mpUg hy mongagor. :~nu eacn in~urancr compauy i~rri-
~rmrJ i. hzrrh~ auth~~r~irJ anJ dirrctcJ t~~ m:iAr pa~ mrnt f„r .uch lu.. Jircclly to murtgagee in.1e:~J u( lu murig:~gur nnJ murtgagee ~uintly-
.mJ Ihe ~mur;~nce pn?crrJ._ ur :~n~~ parl Ihrreuf. m:~y hr applieJ h~ mi,rlg:~gee :n it. up~iun eit6er tu thr reJuc~i~.n ~~f the indehtrJne.. hereh~
.ccurrd or tu thr re•1ur.~u~~n ~rr rrpair uf the pruperiy Jama~rd. !n r~rnt ui turerle~~urr uf Ihi~ mnrlg:~ge ur nlher Iran,frr uf iitle to the murl-
~::~~:ed prupeny m r~Untw.hnzen~ u( Ihe inJrhtrJn~,..~rureJ hrrch~ .:JI nghl. titlr. .~nJ intcre.t uf the murtg.~gur in :~nd tu .~n} inwranrr puli-
cie. ~hr~ m forcr .haU pa+. lu 1hc pur~ha.rr ur ~rantrr.
~i h;~t if thr prrmi~r.. ,~r :~n~ part thtreaf. f.t cunJrmned unJer an~ ~~wrr uf rminent Jomain. ur .~cyuirrJ fur :i puhlic u.r. the J:em:ege~.
~ ru~reJ.. :~nJ Ihe cun.iJrr.~tio» f~~r .urh :~ryui+i~i~~n. tn Ibr r~tent of Ihe tul! :~m~~um uf indehlednr~. uM~n ~hi. \1urt~:;~~;r. anJ thr \u~r ~erurrd
herehp rem.~ining unpaiJ. are hereh~ ;~.~i~:nrJ h~ Ih~ \1ur~g:~g~~r to Ihr Murtg:~~:re :~nd .hall he p:siJ f~~rthwhh t~~ thr 1lurlg:~ger ta he applird h}
n„n ,~:cuunt uf the ~ndehtenr.~ .erurrJ herehy. whether Jue ~~r nut
"ih:~~ ~he m~xt~a~:rr m:~} . at .~m timr prnJtn~: ,uit uMm ~hs, mon~a~;e. apply t~~ thr rourt ha?in~ ~uri.Jir~inn therruf (i~t ~hr appuint-
mcnt u( reiri~tr. :mJ .urh iuurt .h:Jl furthwith :ippi~im a rcrrivrr of thr premi~e. ~u~errJ hrrrhy :JI anJ ~ingul:~r, mctuJing ;~II :~nJ ~ingul:~r
thr ir;c~~mr. profi~.. i..ur.. :~nJ rt~rnue. frum whal~~rr wurce JerivrJ. r:+ch :md every uf which. it hrin~: e~prc~.l~ under.t~H~d. i~ hereh~
m„rtg:,~:~J i( .pecific:dh .et fi~rtb ;~nJ de~rriheJ in the er;~ntm~::mJ h:~hrnJum clau~r~ hrreuf. :~nJ .uch reiei~rr .h:~ll h:~~r :d! thr bru:~J anJ
rlfer~~tie function.:uid p,,wer. ea an?ui.e entru,trJ h~ ruurt ~u.~ rr.rivrr. .ind ~uch appuinlmenl ~hall he m:~Je hy :uch court a.:~n aJmitteJ
eywty an~t a matter ~~f ah.~~lutr right tu vuJ murtgagrr. and withuut refrrenre tu the aJeyuacy or inaJeyuacy the ~alur i,( the pruper~~ murt-
~:.~e~.l or tu 1hr .ul~en:~ ur in.,~l.rncy uf .:u~! m„rt~:agur ~.t thr Jr(rnJant.. anJ Ih:u .urh rtnl.. prutit.. income. ~..ur.. :~nd re~~nur, .hell he
:+pplieJ hy .uch rereicrr acc~~rJing to thr lirn o( thiti murt~:aer nnJ tFx prrrtice of wch cueut- In the e~rn~ ot an~ Jetaui! un the parl of Ihe murt-
raiur hereundrr. Ihe mun~:a~:ur .~grre. ~u pap a, the murt~;agrr ~rn Jcm:~nJ a rrawnahle monlhly rental (or Ihe premi,e~ an amuunt at lea+t
zyui~al~ro tu unr-tNel(th 11; I?I u( ~he a~:gregatr o( ~hr tNrhe m~~nthly in.~allmen~. pay:+hle in the Ihen currem yrar plu. the ;,cwai ,~m~~unt of
Ihr :~nnu:~l t:~~e.. a,.r..mrnt~. watrr rate~. anJ imurancc prcmium~ fut tiurh ~r:u ~~~t cavrred hy Ihr afure+aid munlhfy paymrnt~.
Ifl 1 h:d (:d in the rrrn~ uf any hrrarh at thi~ murtgafr or Jetaull un thr p:,rt ot the m~~rt~;agar. or 1 M in the ecent Ihai a~y of .aid wm. uf
r^~~ney herein re(rrrrd to he n~N prumptly anJ (ull~ p.uJ withuut Jemand ar nnlice. ur 1~•) in Ihe e~em lhat rach and even thr ~tipul:~iiun..
:~greement.. cunJilinn.. anJ cuvenant. uf ~aiJ oute :~~d thi. mortgage. are nut duly. promptly. and (ully per(ormeJ: Ihrn in tither or am wch
r~ent. the ~:~iJ aggregate cum menuonrJ in .:uJ note then remaining unpaiJ. with interest accrued tu that time. anJ:dl monryc +ecurrJ berehy. ~
.h.,ll herome Jur anJ payahlr torthwith. or thrreafter. at the option uf ~aiJ mnrtgaget. ac fully anJ cumpletely a~ if :~II of the .aiJ .umt o( mon-
ry wrre uri~,inaily ,iipulaleJ to he paiJ un ~uch day, any~hing in .aid nole or in Ihi~ murtgag< t~~ ~he contrarp outwilM~snJing: anJ thereupun or • !
~hrreaftrr. a1 the upliun i~( .aiJ murt~;a~;ee. without notice or demand. wit at law or in equity. may he pro~ecuteJ a~ if alt money. ~ccureJ herc-
hy haJ maturrJ priur to it. in.tituliun The mortga~ee may turecb~r thi~ murl~a~c. to tbe amnunt w JeclareJ due and payabie. and the ~aiJ i
premiu. ,hall he .aIJ to.ati~(y c~nd pa~ ihe ~ame ~oge~her wi~h co.t~. e~pen.e~, and allowancec. In ca~e o( partial tureck~~ure of Ihi~ mortgage.
~he murlRageJ prrmi~e~ ~hall he .old whjec~ to ihe condnuing lien uf thi~ mortgageJor the ~muunt ot the deht not then Jue :+nd unpaid. 1n ~uch
cact the pro~i~ions af tht~ paragraph may again he a~aileJ uf Ihereafter from time to timt hy Ihe murtp,agte. ~
~ ~~~x 3~.3 P~~E 922