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HomeMy WebLinkAbout1122 s .; ~--' to r:, '1') .) ..... ~ uk \' .\U't: IthTI\ !:}), t!l.. llli,I.'rl'l~II"'\ 1"II Jlll:\" (,) tll 'Ii" III no ~'l1{E.A~ T:<lC~ !"~8nTJ.'. "}S C G!-{. ,\::y ,1\ (oq"'latlllll "/l(oInll"" an,l "\,,,IIlIP: lllldt'F' the lAWI of t!~f' ~:", t. (' 0 r F 1)1' l.C n . or .,rda. tht. I'l inCl!';\1 !'IlJlll ,.f :: 1.:. f' t:l CH.1l ,r~li f i vo in.i.n.i.red ,1'.1 no/l00 IhJlIarl\ (l. ~" ')00.00 I. with Illll':.'O\t f'l,m dAtf' At Hw ri\ti'of Flvfl &. tn.l'fl{l-!'OUl'tLU r",,'r ,'t'llt\lnl ( :..,-.31;. (,) l>t'r annum..n th.. Ilnl,<'ud b~li\IH'" until pAid. 'I'hl' !lAId l,rindpAland lntt'r..,t !lhalllot, I""j'ltlllt' Rt tht, (.:Iil'.. ..( ~3cnt.tHHl(3teI'n H.):.t'~'t;e Co:;,pn~'Y, 1),.0 iiel1t Flllb1e:' ~)trt.l(.t, ill H 1. 1\::'1., r' lor hi H . or at su(h Ilthl'f !,!R..-t' I\.'l t lil' holdt'r Illay 0\1'111 I{nA t(. III ~f1tInA' in monthly illlltHlIllwnt.'t of f'1.:'tj' line. G:../100 n()lIl\r~\ ($ )0.64 ), ((.mn1l'flClllil Ofl th... fir!!1 d,\\' .)f ;; l;:J' . l')G 1 .'llld (Ill tIlt' ftr~t da~' of I'Mh l!l"/lth lh('fO' aftt'r unl!! tht" prin.'lpall\nd IIll.'r.."t aI',' fully \litH!. ('xrq,t that till' hnall'i\)lIlt'lIl of tIll' "Illll.' In,j,.t.tt'.IrH'i\~ t'\'ldf'IIU~! ht'fdJ)'. If not 1\.>1'",'1' 1';'I,d, I\hl\i! I,.. dUI' and !'il)'l\!d,. ..n Ow IIr,.,t d:\)' oi June ,1~ :.:'0': 1. If ddflUlt },.. p.lad.' In thl' 1'.'\\'l/1t'ol of any III"t"llm~ill IInd..r this /llltt'. and If ~lIrh ddillllt i~ /illt IIIlult. il.",,1 prlllr to lilt. dlll' dilt.' of tll.' ,...,\l1;\Idl lIl"lallll\,'nt, tl1l' ,'ntlrt. l,rlflclp<llllUlll and iu'cruld IlIl"1 .'~t lIhall fit "fin' }>(~onH' dUl' 11l1,II'I\\'I\I>l1' ....Ithllut Ilotln' .ll th.. ..ptlon..f tlll' hohkr or thi1\ !Iotl', F;\Ihll., l" ,".'n'IM' thl.'\ opt lOll !'hAIl lI..t r..'hlll'lll' 1\ ....Hl\..r <Ii till' llji;hl to I'XI'I\'II'" 111I' MI!lIt' in tIll' "\,'nl .,( an\' ...,Jl.~wqu,'nl th'(ault In tlit' 1'\"111 ..f ddauil ill th.' P,I\Illl'lIl (If tlllll ll"t'., U/I-I if Ult' :<.'irlll.' I~ ((,II.-d'.\ 1.:- ;\11 .ltt"rrli'~' at 11\....., tht' lIndl'r~lJ.pll'ollit'ldJ\ IIl{ft'i'\'\I lo pay <Ill c"ill/< "f c..llt-dlU/l, illdudlll~ II n'8..-;O/l 11 1,\., i\ltofl\l'Y'!l f~, l'f<'!}~IlIIlif'nt, I'r\llt'llt, /lnd n,)tIH' ;\rt' tl\'I..l.y .....niVI'J, 0/ Ho\: 1l1'd (Se',l) \{t 1 11 c \,. ~ :. ~ i f. i{0'_,<:... ~\.:. (';-.:.50 s~ .:..e ~OC"J..~it~::t [,:-:'1Xt.~: t:; ()~~'..~~infil C ,:.i;::,,1 1 e l1. ) ~: ", f :: 'j t t. (t :....{~ 0/ \t ..,.... ~:O'..; I'\l ,",,' c. j. " ~ " .'\-,." .\0.,....; ,'),.. ..j. 1 .. . .. \.. (~;cl.l) And "Illdl dilly, pr..ml'ti\'. un.! fully ,.,r(..nn, dl~'harJ'.., ..'(.~'IJtl., I,ll .'<'t. n,rnpll't,., ,l!ld c"nq>lv \\ Ith Rnd ahid.' by .,,,,11 alld "\I'ry tI", ,~tl\.\JI.,tl'"l". i\l{l""lll"lil:<, (...11.11[,"11", :Iilt! \'I'\I'n;\I.l,'< "j ,..,,!d l'I"II11"".,r:- lI"tt' and of t!lI" lllortl(l'J.:". th,'n thl~ 1ll"ll~,Il<" lIlld th., ..,.,Llt., ~"'n,h)' c,,'at.,! Shli!! 1>'';,-1' Jln,! b;' liull and \ "Id '\i!d tlH' n\(lrtRn~or furth.'r I,,,\,'fi;dil.'\ a... (..11,,\\1\: \, That laP willl'<\Y tilt' 1I1d.ht.,dfli.'''", ;b h..r.,lId....j..TI, i'rnvidnl. !'rl\ i!.'~" i~ fl'~,'n,d t" pay tI\l' d{,bt !1I whoh', "r 111 all alli'"ll1l ",pl;1I tll "III' IIr Ill"" rruonthly '4'YIl\..'nl~ "II tli" l'llll' l\,il1 th;\t .lI" [".'([ dUI' Oil till' /loLl', 011 till' fir!'t d;!1 of all\ Ill"Llh tlJ lor t"lllal!lfit\: l'ltl\ltkd. 1:"\\"\"1. that 1\ rltt,'ll liI,l.... "r .in lflt.-lltlUlI t" ."(f'rell'" .'\lhh'I'f1ld.'K" I" j.(!\"1I .It ).,;\,><t thnt;' (:tti) d,I)''' 1'110' t" l'II'I>;I~IIl"llt; ;;lid, l'r..\ld,.d fUIt/wr, thHt lfl th,' 1'I"IIt Uw d..!.t 1'\ paid Iii flllll'r;nr tt> Illalllrlt) and at th;\t tlllll' it 1:-< IP:-lll...! under thl' I'rO\l~I"ns (.f tIll.' :-';,\\illnalllllthlllj.( ,\d, h,' \ol, ill pa'" (" th.' Illt>rt~al:("" all 'I.\Jd"t.,,1 1'" [nllll;1 char,'" of tllll' I...r (dllll!ll (I (, ) of tilt' ..rl~:IlLd I'rlli\lp.tl alllount tlwr,"f. .." .'I,t that I!I II" l"oI'/it "hall th.' lIdJlht~"j Pfl'III11l1ll ,'1l,I..;..j th!' I\;!)o:,,'y,atl' itrnt>lllil of 1"dllIlHfl rhilr;(.,o; \' hldl ....ollld hil\'I' I..".,. i';I.',dd.. If th,' lIlort, gaj(" hrll! ronllll1lt'd tn I... 1I1~ur.d Illltd Illl\tllrlt\; HICL l'a\'flI,'nt It> }.... /'I,!,III"! I,y th" m..,tl-:.'/{.'.. Ul~'" Il,; ol'\IKalloll to tlll' 1,'.,."'1,,1 \l"Il"lllY, ('''rlillll''...ll'n..r toll '\'I'''lllIt I!f II1tHt~I\l<:" lIi""\II,III(t', ~. Th,'l\. in oft!.'r Ill"r" flllly III I'rdet't till' ~I'cllrity of tillS lI1orlllil;':", th.' lIlortjotalo7"Y. (c>Kdtl"r ....Itl., and III ad.!it'on In, lh.., monthl\' I'""""'lll" Ilnd.'Y til,' tn/wI or th.. nolo- ",'('ur...! her.,;,v, 011 ti:.' !II,><( ,by .,[ I'ach l1\unth until lhl' ,,;\It! not" I" (1111:.' paid. ....11' 1'<1)' to tlw rlH'rt~{i\~l'" till' f,,!:oWllig i'\Hll'" (a) If thl!\ mmtv.aj(l' afid thl' 1\:\ld not.. ''''fllll'.\ !I.'n'by aI',. in~\Jf,'d !Ilidn ttw pI t>1 1..1'.n" ..f Uw N'atlld.a! Ilo\I~ln){ Art and !,\O Illn~ 1'-" tI",), lollllflUj' I" I.., sn In~ur~'\I. ,.1\,' t....dfth ;11,) of Ill" .11,1111<11 ll\urtgag., In"uranCl' prt'n11Ulll fllr tLt' J!Uli'O"~' of IIUtilll): till' 1\\("1,,.1;':',-" III fund" \lltb ....hlCh tll dl.~' chil..Tl('" thl' ~'ud !lwrIRilK"'.'!\ ..llh/(.~t11111 Il' till' Fell,'ral I illU~III~ {'I)I/Hlll""lllll,'r f"l l/\llrll{;llo:" ill~'lr,IIl\" pr"'lIltHl1!< pUr~ljnnt to th... R,;pli.-n!.!t' '.r.....l!lioIlK of the National lIou!\in'C Act, a,q nrn"lilkd. nnd J:,.V'l, htll>n~ thl'reunth'r: !hi' mOlt~ill<n' 1\h)lll, on thp It'nnllliHiOII (,f It~ nbll/{iltll,n to \';i)' 1ll",Ij.';I;;-., Ill'iUr- :HlU' !,r.'mIUI/H, crl'd:t l.. th., act "tlllt (If tlil' r1l11rtI{Hs.:"r ali 1';\Ylli,'llt,.. lIlad.. und,'r tL,' "f'" !:""lico "f tllb ,ut,,,,,,,tlPll Wlll"h tilt' lIiiJrtllllgn' hil~ not !":-(('III'-' Ilbllgl.llt'J t'J I'd) Iv tilt. Ful,'f HI I illu'"l!" t 'ulillllh' ~ iOU" r. (h) A !\llm ('l!ual to Iii.. li{rolJlld fi'lit:\. If any. "ext dlJl', plus th.. pr'-'rnlUI!lR that willIH\! i"COIlit' tlu..' ;uld i':I','ai,\<- Oli !~,II<'Il'~ Ilf fin' iti:d "n:!'r hai;\f.! iIl1'oUr,\lIc,' C"\'t'YIIlI{ th.. rr."'lJ.!.IP'.\ I""I"'!!\'. 1,]01" ta'(t',~ alld w......,.,'i-"nll'nl:; 1.1,,;t dll" Iln II!!' llillrtj.Cil;.;,.d pr"I'\'rty iall Ii." 1'~tl!l1all'd h. tlil' f!l!'ltV;I~~"") :,.,,~. all !'-urn!! lliYi'i\dy I'.\ld thl'l"!,,r dl\,ltkd I.y lll" Il!lrnlwy !.f nlt,nlhJ'\ tll dHI'~'" 1,;(.>11' OIl" 1I11,,,th pr;or tn tlil' tintl' whl'n !\urh I?(1)und p'nt~. I'r"llllllnl'\. t"...l'~, ,\lId ;h~":-;''\flH'nl~ v. ill L''('OIll,' d..i:!l'l\J,'nt. :~uch fl\HnS to r}l' twit! i,)' IllI,rtlorHRI'" in lnlst to p.ay l',~\id KftJund r'-nto'>, prnIlIU!l:!I, tl\:\I',~, Ilnd "p"."nal a~H',,,S' flH'ntJl, (r) All PilYilll'r:U\ 1I1"liti'.jj",j 111 th.. IW., pr,,(,,'diflll !luhtwdIOll." of thi~ I'arrljtrlq,h lI!;d illl pa~" IflfntJii to I,>t' nlndl' lll,d.'r tlw nut.- ~.\"I:u,,'d hen'},)' l\liall !,.. wld."j t"!o1l'\hi'r ;Illd tl", lIlo\lI.l"K,it" RfI;"\Jllt UH'r"'of ",hall 1;4,' paid by till' ITinr1ll.a;ror (,f',.ch TIlI!lt,h in l\ !Iin~lp I~WnH'nt to 1>0' l\1'1'1l{'{! I.y 11.1' 111f'rt, gl\frt.'(' to the folio" in$\ It~1il8 in till' on!I't IWt forth: ' l. pnrnium ('har~"1! und"f ttlf' umtfi\d of ill1'.UraIH'p wllh ttw F..ll'r.'\l H"IlRlllf{ ('010- mIMIOIj{.r; II. i(round rt'fltl\, la)(('ll, a}\st'A.'1rll!'nl~, fir..., alld (,t[wr 1iHlard ii\iiUHlnc.' pr"nllurn.'\; III lfltN{.'lt Oil th" notf' !Y.'{'url.d hen.by; and I~' lImortization of thl: Dtillripalof Mi(\ 1l0tl', .AIlY i!rikiellcy in the amount of !lllrh A R1frt'i' a t f.' !nonthly P:I)'lIlt'IiI !'hall. IlnkM iliad,' ~,,,..! by Iht, rno!tgai';,r prinr to th~' dut'..d8tl' of tlie.~~~:<.t Illlch P~l'flll,'nt., ((Hlllt, itllte fin I'venl ,..f d..(allit \1f1d,'~ lhi" 1~'I,,'I' gaR't>, 1 he mort.j,Ciigc"t.: m&) colkct a llitl; Chl\fl(e not tn I'Xf'''C-<'! IWo (t'iltA. (!.<) (0; "/lfl. dollar (f I) of !'l.&("h pfil,Y\1H'llt mort' thaI! fHtf-('n (i5) dapi HI IHf{'ar~ to (OH'f Ull' extra t>:t;r'('IIM' Ill\ohnt Iii };alidlllig' dt'iinfluenl p.Aymenu. 3, That If the totAl of the pA~'nH~!ltB Iliat.l\' by th{'/l1ort.iagor llll(h-r (1)) of pAfllg!aph ~ JlftO{c'dl!lJ{ I\hall Ut::~ \hc illflOUllt oj ~>AytrlPfl13 iH:lually mAde by Ow !,ilort~(;"if"', ,f')'}Tound r,'flts. 13H1I alld aJt.F"~,Mn('nlil -.nil Inllurance premltHfll, i\.!I thf." :a.I"'~ mAY he, llud) ('xU'&''\ llhalll..e Cf"'litH! hy the mOft.IoC;;~P(- fJ!1 !lul;M~IUe11t p6)'IlWnla tl) ti!il rnade by the mortiAgor, It, howe-o'er, the monthly pa}'rr.~'nlll mad" by th.. rn0rtj,t8JJl)r e e