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That, i~ order more fully to protrct the secunty of this mortgage, the uiurtgagur, tugether with, anJ in sddition to, the monthly p~yments under the terms of the note secured hereby, on the first day of eacl~ month until the said note is fully paid, will pay to the mott- gagee the following sums: (a) An amount sufCcient to provide the holder hereof with funds to pay the nrxt mortgagr insurance prrmium if this instrument and the note secured hereby are insured, ot a monthly charge (in lieu of a rnortgagr imurance premium) if they are held by the Secre- tary of tlousing and Urba~ Development as foQows: (1) If and so long as said note of even date and this instrument are insured or arc reinsured under the provisions of the~ational Housing Act, a~ amount su(ficient to accumulate in the hanJs oi the holder one ( I) monih prior to its due date the annual mortgage insurance premium, in order to provide such holJer with funds to pay surh premium to the Secretary of Ifousing and Urban Development pursuant to the National Ilousing Act, as amenJed, and applicable Regulations thereunder, or (11) If and so long as said note of even date and this instrum~nt are heid hy the Secretary of Nousing and Urban Uevelopment, a monthly chatge (in lieu of a rnortgage insurance premium) which shall br in an amount equal to one-tv.•elfth (1 /12) of one-half (1/2) per centum of the averagr outstanJing balance due un thr note computed without taking inta acrount dr- linqucncies or prepayments~ (b) A sum equal to the ground rents, if any, next due, pius the prrmiunu lhat will next become due and payable on polici~s of tite and other hazard insurance covering Ihe mortgaged property, plus ta?ces and assrssments next due on the mortgaged property lall as estimaied by the mortgagee) Icss all sun~s already paid therefor dividrJ by thr numbcr 9f months to elapse before onr :nunth prior to the date when such ~ound rents, preiniums, taxes, and asussments will become delinyuent, such sums to be held b} mortgager in trust to pay said ground rents, prrmiums, trxes, and sprcial assrssmrnls; and (c) All payments mentioned in the two preceding subsections of th~s paragraph and all pa~•ments to be rnade under the note secured hereby shaD be added together and the aggregatc amount thcrcof shall be paiJ hy thc mortgagor each month in a single p~yment to be applied by the mortgagee tu the following items in the order set (orth: (1) premium charges under the contrart of insuranre with the Sccretary of H~~using and Urban Urvrlo~a~ent, ur monthly charge (in lieu of mortgage insuranre p~emium), as the case m~y be: (11) ground rents, taxes, assessmrnts, fire, and olher ha~arJ insuranre prrmiums• (Ill) interest on the note secured hereby; and (1V) amortization of the principal of said notr. Any deficiency in the amount o! such aggreg~te monthly p:~ymrnt shall, unless made good b}~ the mortgagor pnor to ihe dur datr of the next such payment, constitute an event of default under this mortgage. The mortgagee may rollert a"late rharge" not to exierd four ~ents (4~) for each dotlar (S1) of each payment morc than f:fteen (~>) days in arrears to ro~•er the extra exprnse im~ol~~rd in handling de- linyuent payments. 3. That if the total of the pay~ments made hy the mortgagor unJrr (h1 vf paragr~ph ' prerrding shall exrrrd the amuunt of the pay- nients actually made by the mo[tgagee, for ground rents, taies anJ ai~eumrnts :~nd insurancr premiums, 3S lllt iJSt 111:1)' ~C, such rxcess if the loan ~s current, at the ophon of the mortgagor, shall, i~e credited on suhseyurnt payments to he made by the mortg~gor, or refunded to the mortgagur. If, huaevrr, the monthly p:~yments made by Ihe mortgagur undrr (bl of paragsaph ~ prrcr~ling shall nut he sufficient to pay ground rents, taxrs and assessmenls and insurance prrmiums, as the cese may he, whrn the sarne shall br~unzc dar and payablr, thrn the mortgagor shall pay to the mortgagee any amount neres::~ry to make up the drfi:i~n~y, on or hetor~ the date wh~n ~ayment of such ground rcnts, taxes, assessments, ~r insurance pn miums shall hr dur. If at any hmr the mortg~gor +hall tender to the mortgagee in accor~i- an~r with the provisions of the note srrurcd hrrrhy, full p~ymcnt of thc rntirr indebteJnrss np:~sentrd thrreby, th~ mortg:~gce shall, in , umputing the amount of surh indehtrdness, credrt to thr accuunt of thr mortgagur all paymrnts made unJrr the provisions of (a) of para- ~raph 2 hetruf whirh the murtgagee has not becomr ubligated tu p~v t~~ thr Secrrtary of Howing an~ l`rhan 1)evelopment ::nd any b~lanrr rrmaining in the fun~s arcumulated un,ler the pro~•isiuns ~~f 1 hl of sa~d p~ragraph '. If therr ;h~ll hr a ~ef:~ult undrr any of thr pru~•isions <~t this mortgage, resultinc in a public sale of the prrmisrs ro~~rrr~t hr:rb~~, ur if the nwrtgagec aryuurs thr property othrrw•~sc a(trr dr- t~ult, thr mortgagee shall apply, ~t ~hr ;une i~f the c~mntenrement of wch pr~-erJings or at thr time the proprrty is c~t3:rrwise a~- ,wred, the balance thrn remaining in th~ funds accumulatrd undrr Iti! of paragr~ph ~ prerrding as a crrdit ag:~~nst ti~r amount of prin~ipal thrn remaining unpaid undrr said note and SFI:iII PfOF~CIIy' :1t~jUSI ~n}• paymrnts whirh shall h~vr brcn m~dc unJcr lai of said paragraph. 4_ 7'hat he w~ll pey all taxes, rssr.sments, wa[er r~tes, and c~chcr gu~•crnmental ~~r rnwiicip~l rh.~rgrs, finrs, or impusitions, for whirh ~~ovision has not becn made hereinbeforc, ~nd in detault thereof thr n~ortgagre may pay [hr s:~mr, and th:~t h~ will prun~ptly d~li~~rr thr :~fficial receipts therefor to the mortgagee. ' 5. Th3t he will permit, comm~t, ~~r suifrr ne~ wastr, imp~irmrnt, or ~rterioration uf ~id proprrty ur an}• part the:rof, and ~n thr event of the failure of the morlgagor to krrp thr bu~ldin~s on said ~r~•misrs and thuse to hr rr~ct~d on sa~d prrmises, or impnnrmrnts thrreon, in gc~od repair, the mor[gagrr may rnake such rep~~rs ~s in ih disrreUun it may drrm nerrs~ary for thr proper preser~atu,n thrrr- ~~f, and the fuU amount of rach and rvet}• su~h pa}mrnt shall t~r iminrJiatrly ~ur ~nd payablr, and shall be srcurrd b~• thr lirn c~f this rnortgagee. 6. That he will pay all and singular the rustt, chargrs. and rxprnsrs. ~nrlud~ng rr~~un~Me law•prr's fres, anJ costs of abstrarts uf title, incurred or paid at ~ny time hy the mc~rtg~grr ~C~:fUSC U~ I}1C ~31IUfl' on tt:e~ rart e,f thr me~rt~sgur E~rumptl} and fullp tu perf~inn th~ .,greements and rovenants of said proinissor~ noi~ and thi. inurteagr, and ;aid ~usts. ~hargr~, and rrprnsr~ shatl hr i~nrnrdiatrlg dur and ~~ayablr and shal) be secured b}• the lien of th~s morr~~ge. 7. That he will keep the improvements now r~i~ting ~~r hrrraftrr erertcd on thr mortgagrJ pn~prrt}~ insurrd at ma}• he r~yuirr~i from time to time by the mortgagee agains; tvss by f~r~ ~nd ulhrr t~ai~ni+, rasu~i~Urs, and .ontmgenr~rs in ~u:-~ ~mounts and Sot sucP~ periods as rnay be reyuired by mortgagee, ar~d will pay prumptly, whrn duc, ~np prem~ums on surh intiuranrr for pa~•mcnt of Khich pro~•isian ha~ not heen made hereinbefore_ All insurance shall t~e carricd in ~oinnani~•5 ~pprorrd b}~ rnurtgaKrr ~nu thr ~~olk~rs sn~i rrnrw:~ls thereuf shall he held by mortgagrc and have attarhed therrto loss pa~ablr cl~~srs m fa~ur nf anJ in fur~~: :liitO1Jt~~C ~U thr mortg~gre. In evrm uf loss he ~ill give immrdiate notirr by mail to morlgage~, and mortgagee m~}~ m~kr prc~c~f ~~f i~~sti if not n~a~1r , rurr.ptly b~~ mo:;gagor, and ~ach in- tiurancc. c~~mpany cuncerned is heteby authorire~ ~nd direi trd to m~kr ~a} mrnt for ~!IiFI I~li~ ~Ilfa'i tI}' [~~ (TIOf(QdYt~ imtrad of to r*.iortga- te~r and mortgagee jointly, ~nd !he insur:~nre procerds, or an~~ part thr« •af, ~nay be ~ppli~d hy murtgagre rt iis upt~oii either tc, the rrdu~- !i~~n of the in~febtedness hereby se~ured or to the restor~tiun or re{~a~r of th~ pruperty datua~rJ. In r~~~nt uf forerlusurr of this murtgege ~~r ~~ther transfer of tiUe to thr mortgaged property in extingui~hmrnt uf thr inJrbtcilr~~s x~urrd h~rrhy, all n~ht. trtlr, and interrst uf thr mortgagor in and to any insuranre patiries then in force shall p:~tis tu tFr ~urch~ser ur grantre. ~. That if the premisrs, or an}• part thereof, he cc~n~lrmned un.lcr an} poH•rr of emincnt ~iom~~n, ~~~ :~iquircd <<~r a publir use, thr elamaRts, proceeJs, and the consideration for sucl- acyui~iti~~n. t<~ the rxtrnt of thr full arn~,unt of indehtrdnrs~ up~m this Nurt~;~Kr, and the Note secured herehy remaining unpaid, are herrhy ass~gnrd hy the ~turtgagor tv th~ ~lortg.~~rr anJ ,hall be paid f~rthw~th to tht ~tort- ~3RtC [O ~n 3DD~ICd hV if nn a['~-nUpt nf iht• in~l.~htr~inc~cc c.•~~~n..l h~ , h.~ ;•i: ~1:.. .~:.. .. .r. ~ . ., ... . ..i i ~i. 4. That the mortgagee may, ~t any time prnding a swt upun ttiis I110716'Jl~'t, :l~'E1I)' [h thr r~~urt ha~ing ~uri~~i~hor~ [hrrruf fur ?hr .s~pointrnrnt uf a receiver, and such court shall forthwiih appoint ~ re~ei~•er of the prrmisrs rnvrred hemb} all anJ ~ingul;;r, ~nrludmg all .~nd singular the income, profits, issues, and rr~rnues fr~~m whate~rr seurcr drrivei+, each ar~d every of which, ~t hring exprrssh ur~der- ~tood, is hereby mortgagrd as if specificall~• sel forth and deicnbed in thr gr~nting an~ hahrndum cla~ses hercof, and such rrce~~rr sha11 h,ivr ell the broad and effective funct~ons a~d powrn in anywisr ~ntru~trd h~ a cuurt tu a rrrei~•er, and such appn~ntrnrnt shall be m~;lr h~ ~uch court as an ~dmitted ryuity ansi a matter uf absolutr ri~it ro t.,z~l mortgaget, and W ~thuut rrfrrencr to thc adre,uary or in~;leq:~ai~ of the value o[ the propcriy mortgaged or to thr solvency or insolvrnry o~ said mortgagor or the Jefrndanis. and th~t surh rcnts, pr~~fih, in- .:ome, issues, and revenues shxll tx applied by such receiver acc~rding t~ thr I~rn of this morlgaRe and the prart~ce of w.h rourt. In thr event of any default on the part of the mortgagor hereur.der, the -n~rtgag~>r ~Rrers to pa> to thr mortgagce un drmanJ as a reasonablc munthly rental fot the premises an amount at least cyuivalrnl to one-lw•rtfth ~ 1;'i 21 of thr :+~rrEatr of thr twci~c munthl~ installmrnts payable in the then curtent year plus the actual artiount of the a+~nu:~l ~axes, ,~sses.rnrnt~, watrr ratrs, and insuranre premiurns for wch y~•ar not covered by the aforesaid monthly payments. 10. That (a) in the event of any hreach of this mortgage ur Jrf;~~i~t cm thr ~art o( thc mortgag~~r, or Ih) in the r~~nt that any of satd wms of money herein referred b be not promptly and fully paid w~th~~ut demand or notice, orlcl in the e~-rnt that e:~ih and evrry the sti- pulations, agreements, conditions, and covenants of said note and th~s rnurtKagr, are no; July. ~rornptip, and fully performed: then in eu:~er or any such event, the said aggregate sum mentioned in saiJ note thrn remaini~g unpaid, w~th interest accnaed to tha[ timr. ~nd all moneys secureJ hereby, shall becor:~e due and payable lorthwith, or thereafter, at thr npt~on o( ,aid mortgagee, as fu11y~ and ~omplrtcly as if all of the said sums of money were originally stipulated to t~e paid on such day, anything in said note or m this rnortgage tu thr run- trary notwithstanding: and thereupon or 2hereafter, at Ihr option of said mortgagee, without noticr or demand, suit !I IJN' nf ~n rquitp, may be prosecuted as if all moneys secured hereby had matured prior to its institution. The mortgagce may foreclose this mortgagc. ac to the amount so declared due and payable, and the said premises shall be sold to satisfy and pay the same togethrr with rosts. exprnsrs, and allowances. In case of partial foreclosure of this mortgage, the morigaged premises shall he sold suhjrrt to the continuing lirn of this mort- gage for the amount of the debt not then due and unpaid. In such case the pro~•isions of th~s paragraph ma}~ :~gain ~:+~•:~i1~3 of therreftrr from time to time by the mortga~ee. ~~:~~ 351 p,G~ 380 NUD 92t tOM 16 791 s ~ S •