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HomeMy WebLinkAbout0680 0, ~ !J. r rJ ~~fJO tJ. J - t-lJK V."l.tlt: ittj'El\t:l'. till' ull(lnl\l~lH..ll'r\lrnL~"(5) to \1;1)' to " T. u': [ C cU, :1. i' i. A CO:tP;\::y ~':JUCA!; TIT;':': I: ::;U:\A::C~: . I'l ('tlq)()fAtlOll 1I!r.Aj)IH'~t l\lld 1'),;l\IHiIf under the lawllllf :;'lOl'iull . or onl.'r, tin' l'f1nni,,\II'\l!lJi \If 'l\,l'iit:;-t\-:o t:10il01itld. find ~h/100 Hollaf1\ ($ 22.000. OC ). Wllh il\!I,It':\t fn'm lhh' at tli.- ri\tt'uf Fi.Vt\ &. tlll'/lI,--fourthC!'t'r .-{'nluln ( 5-J/h~;) pot<r !\Illllllll IIn th.. \l1\11.A!d t>alallt'l' ulIllIl--'\Ald. Thl' a..id principal A'hl intt'rl'tt .halll;t> Il.:\)'i\blc al tht' ollie., uf Amc:'1cufl 'I1tle Inf\urH:.cf' Company ill H'IU~, Flol'ldn . ,(\rAt!!u(:hl.th(>rpu{"&"'4\1H}l\l\Wf'fma~'dt'llIRnatein writinlC, In rnonthl}'lniltalln\f'ntaGt One Innarl1d t;;l'ntY-{Jlglit<t(o^lf~ i$ lLd.4U ), (tltnrnl'llClnac 011 U\t' ilrst. d"y of JUflO . 1961 ,and on the f:rMl day of ".IHh !lI..nth th('r>'- nfh'r until tilt' principalllnlllllt,'h'.fit M.' fully 1",\\11. t'XCt'pt that'thl' final pl\}lllenlof ttll' 1'lItll., ilid"htt,.lIWM eVI,Je/lU,'(! ht'r('b)', if lIolll<loilt'f paid. I'\halll.", dill' and pnyt.blt. on th(' flfat dllY of Hny . 1991 . If d...fl\IJlt i.>\.. rnnde III 0<1' l'l\ynll'lIl of ar.y in'\l.i\IIIIi..'lIt un<ln thi~ noh', I\nd if !tilth dl'fault i~ flot nll\f!t. good pnOf to Uw ,Iu,~ datI' of lft,' IIt-xt !\urh !n~tallrnt'nl. thl' t:'/ltlrt' pnl:c11'.,Il'\ull1 alld accrllt'd 1IIt.'r.,,"'t 5hall I\t t'nct' Ilt'CllII.(, du.:' I!lnd pi.YI\l>k wltlH.llt ilolin' atlhl' option of tb., 1101d.'r Ilf thi>l not." Falllll'" to......'r\'ltl(' this \.ptlOn !lhall Ilot n)n!\tltulf' a 'ol.:\i\\'f of tilt' ri~hl to l'x.'rU!h' the !4Vllt.' In till' "\I'/lt of :illY SUI'H"II11'nt d..fault. III tb,' (,will,,! dd;\!I1t In tb., 1\;\}'nll'!It of thiS 1I1't.-, Rlld if th.' I\MIi.' III ....lll'<t('(1 I,y an attornl'}' at ~w. till' ulldH:<Il!n,';\ 1\l~I<:hy aKrl't'I~) tl' pay ,ill c...'\L~ (If c..ll.".twll. iacludlllg' 1\ rl"lL!H)iH\bk lltloflH'y'i\ fC't." Fn.'~{'ntm,'nt. pfute!ll. l\nd notln' nCt' ht'lt>by ~'fIJ....~l (:;.-~~.oo 5tf\tr DOC~l:~t~n::i:~:. St(i:::~ill :t:': lxpj ';..":) ()1~~t:lnH1 r1')",P a;'lcl C ; 1:1 cut) c ,-L ) Ii! Allon F, ',1I.11,el' A l ten-- h,' ',:r.ljr,i';:' ~ ( ~ ~~[~ J. ) r/ ~.: . \:nlf..ur il B. 1 f. e!~ ( , , ~'.... J . \ ~,(L:..:, i Lfl', t.l e l.ol~lo " ., . And l"hi\1l duly, promptly, Ani! fully 1,,'rf';IHl, di1'-i:lwlv". n,....-ult., I,!fed, .-.;IiI!'!l't", iUlll flll'l!,ly wo1h fllld ahide' by t.(\(h ami !'\','ry thl' ,;tll'UlatlllllS, Hs.:I.>.'III1'ill.:t, rl'!lllltl"ll~. llfld 1'0\ .1!iIn\:< of /laid I'rllll1h"OfY 1I'll.. l\.wl oi ttll~ lllortgi\R'.', Hu'n tlll:-l m..rt;;(Hl-'" Hnd thl' I'~,\;itr i\l.'n.I.)" crt,;.tt'(l "hall c.',....,.' illld IJl' !lull and \L'It! And tlit' morlJ(al{Of iurtllt'r 1"'\I'!lI\flt~ It.... (011,......3: I. Thill hI' will IlitV th(< ind..bh'tlrw.'\!l, ;1,,1\ hnl'lnt..'(oT!' 1"1'IVid,d I'rl\il.,~., i.. "'i"('r\nl t', p;,v tl... d"bt in whlll." or HI an alllOllllt l'qual to "n.' or 111011' monthly p!\ynlt'nt~ on lh., I'llIinpal that ar,' lit"d .ju., 011 til,' lIoh', pH till' l\f~t ola\' of <lilY fllllllU, prior tli mutllray: 1'10\ id,'ii, h..wn.-J, Ih.lt wnlh'/l IlllII\ I' "f an mtt'lItlOI] III l'XI'fCIlH' lWCIt prl\ tlq{l' L~ ~i\"1I ill It'ii,'!t tillrly (:\0) IL.y" pnor t.. 1'1"'1'';)'111.'11\ ; and, 1"0\ II!.';! furtlwr, thal in till' .,\'.'lIt tli., lkht l:i p;ud ill full prior tn In;ltllnt}' nnd lit that 1111.1' It i... ill;iur,',j und,'r tht' prllvi1\Jol\s of ti1<' ~HtliJnHlllo\l~il1~ Art. lit' \\ IIllli1r to thl' In..rtlolilj.(('(' an adJlI:,t,'~1 pn'llIl!lln I'har ~l' (If on'" p~'r n'lltum (\ ',; ) of tilt' oTi)o(lfia! l'rll!lll'al arnO~lnt lli"rt'''f, 1"t1'pt that III Ii(l "\I'lIt 1,;;;111 th.' wl}II,;!....l pf\:1l11UIlI \'XI1'...\ tli" lI~l:.rI'K.lt.' i\lllount of 1'1.'lllilJflIl'hllTjll'l-\ whwll would bH\'I' h...ll 1';I)'ill,I., If lll., Tnl'rl,' jI!l.j.(1' had tontln\H'ii tll I.., In~l!r,'d untli IHiltlln!y; "neh paYllll'nt 1,-, i.>t. 1\PI'III''' hy thl' nJtlrt~a~,'" 1l1,,'1I I\-<; obll~atl"ll to th,' FI.,krnl IIflu...il1l/. l'lIrrill\l;o..~IOIH'r on ~CCO\lnt of fl)oriKilR'I' inl'tllr.lIl\" ~. That. in onlpf IlH.t" full}' to prlllt.'d till' ~t'l.'uritr "f tlll~ l1Iort~i\KI'. tlil' 1l10rt){llj(nr, tOj.(dill'r \\ lth, and III nddll:nl! to, tbl' Illpnthly J'lIy"".nt... ulld.-r thl' tr'nll'< (If ttH' I\ot.. !4'('IIP'd h"11':'~', 'HI th., 111:\t day "f t'.Al:h mulllh untllllll' l'.;lid 11nto- I" full~' p.lId, \\ illl''')' tll th.. Iflortj.(agt'I' Hii' foIl;..... illl{ !lIHih. ((1) If thi" lllnrtKilj.!" and till' I<a:d Il"t.- l\.('('uI.,d Itl'rd.}' IH!' inllllrl'd \11\.\"1' tlil' pro-'I>li'lIi" lIe thl' Nfltilllial 1I(l\li'IIl~ ,\d Ill,d (;.<1 !'1IlV- it,", tlll'}' lI.lntinul' to hI' 1'00 III'Inn...!. Oil\' twl'!(th Ii I') ,.f till' .1I11l1lill /llorljl<lj(" In:HlIMlCI' l,n'IIlPHll fOf th.' 1"1111'":<1' of !,lItllll~ thl' Ill~.rtg;ij.:,,,,' 111 fUlld,'i With \\ !ill.h t.. d,~. charl{!' lh., Raid If\l.rt~al("'.'h ..hlli:atlfll\ tll till' F,'dnitl 1I01l1\ili~ c.ommi:4!'I..llI'r for 1YI0rtl-r;l,\.:I' 111"Uf<Hll'l' l'r,'m'lI111~ punHlanl t,) thl' applirJlloh' pro..iiliolll\ of tbe National HOtlilini( Art. ll.'\ nrnPllikd, alld Hq('u, blIlHl:\ tht'I'.::und,'f; th., m"rl~Jll,(\'1' .,;iI,dl, (,II thl.' t('nninatwlI of It!\ O\.lll{iltloll to p:\)' l!lort!:aj.(I' 11I:;lIr. ,\III.''' pr.'I11III111'\, ernll! to thl' ;He"UII! of t!w fllllftgalo{'.lf alll'il)'I!l'.'nt5 fllad.' IIlId.'f till' PI"\I"'''I:''; ,,( thl'\ "lIt',~I'dl"ll ....hirL tilt' mortj(i1Io(t'.: h;l...~ nul 1.'('\,\,111\' oblrf{Rlt'tl t" pay to tb., Fult-ntl 1II}U1iln~ t'Olllllll~' f l.dlt'r. (II) A ~llfl\ ;"!'lill tll tit" groulId r.'nt:\, If An)', no'xt clue, pIll!' the J1r"'mi!lrn~ that will Ilpxl I:,,'{'on;., (iU'" alld l'a~'HL".' "Ii 1",\1. II'~ o( fll'l' and ollll'f hi\1.anl Il,SlIfillHo' ulvl'riilj.; th,' nllll tj.(;I~~I'" 1"oP.'rt\', 1.lIb til"'S ;\1((1 a",O;t'-""llIl'llt,'\ Iii''\\ tiu,' ..fl tilt' fTlortl(f\!{I'd p"II....rty (all ai', o,tinlilt,d II,\' liw Illl',l):;\~:...') k,....~ till SUfll'! idr.'ady !,Hld tfH'rI'(or dl\id',"i.1 I,~' the 1l11lllllt,l' oi lIi"nth" to d.q~\' Iwfoft.' 011" lIIilllth prior tit th.' dati' wh'.'lI 1'1I,'h gr"l!fHI fl'nLs_ pfl'ClIltlfllll, tl\:<.I'5, Hnd ;L"St.'.~:'\nlt'lIts wllIl..,'orJ\" d,'lIl1q\ll'lit. hilt'\' l\urn" to I~ hdd hy rnort~,l~(,t' in tf1l~t to ll[lj' /l.aid Io1fllUlld Il'nlb, pfl'lliillll\~. tax.'i\, and "l',nial ;I"-"t'~'\' Il\l'flts, (d All paYllwnt" Inl'nt:."...\! ill th,' two prt'fpdlil)t "'Ui~SI~tloll" of till'! PlHfll(ft.ph and all pay, flit'nl!\ ('" 1,1" mEid..' undl.'f 011' not.' ~',{,lIru~ hni'i>)' IIhnll i.., ad(\Pd tOEt(...th"f and tllp fiRIF"~llt" a!!lolll.t. th.'n'ilf i'hnll 1.'(' PAld by Oil' flIorll(al{lJf earh J1\nnth ill a fiinl{k pa}'Ilit'llt tl' \". npl,lll'd by thp llil.rt, Kagt'e to the lullt)\\ 11:)( itt'lI\lI in till' order lIo('t {!)ftt! . !. prHl\infn ('h8r~"A unol'~r th" contract of iil!!Uralli.,'(> with tI\l' Fnl,'ral lll)u.,ilij.{ ('om. mWIOllt:r; II. j;(folHHl rentl'l. taJ(('I\, a.v.Ni.~rnelitl\_ i"." i1nd lJttH't hatarc! 11\l\IJril.!l(',' pn'ml:J1lli\; l!!, ifltl',,'st on the liot,! ~:'CuI('d hHebj ; and IV. amortltfltion of tl\(' prinrip!il or said noh'. Any .lefl{'ienc}" III thi' amount of such 1\~Rn'R'att' nll)nthly \.aYlfif'1l1 "haiL unkM mad.' ..ond by thl:' mortgA{(or pri'Jr to H\l' dUl' dl\tf' or the n<:xt slich p.!H'IOl'nt. COIl!llitutf: '.!.n t'\,{'lIt of d,'il\ult ulld, r tlll'! mort- i'atCfo, TIll' mr.r't{(&gl:'" tnA~ colle-et !i "I.I1tc rhar~.:" not til PHH'<i tv.-n (f'nt~ (U) for uHh dolbH (ftl of ('Jl,Ch pilymenl mQre than Il!t....(.fi (15) days. in tHTt'Ar8 t.h CO\'I'r the t'x.trit !')(~Wil:"'" In\Ohf~i ill handlll\ll d.<hnquent paym~Clta> 3, That If th~ total of the PilYI!WilWl In.dt.! Lr t.iwmm'~~cr under (b) of plHli.graph 2 P~,,'('dlnK ",hall ":lC~.\ the vn~.)u~.t of (.l&ynwntA t/,ctually mad<l 'J. Y Uw l.norlllAgei:'. tor ,rtHHltl r(".It8, lax. (':/\ ~'i<ll\lll\"i""rn!'nb and lZUIU'lUl<<' pr..n;lunu, u to.. ClUj.{' may be, i!urh eX(''''&5 ~hllll 00 c({~lted by tlll' rnort"ll.g':.~ on !Jllb~{><~u~:\ l'*~nlB to be made by the rnot1.li~~}r, It. b01Ife-.'.r. the monthly payments mAde by the mortgagor ';'1,-