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,. v A.LtJ1IltIlcJaVD. tAe \:nthraiped ~mYe (.) to ~ to
aou'l'RlA'ftU KORTGA(!.J: OOKP-Url
, a eorporation organized and existinl' under
U-.....at the Ita'. ot norl4a , or onler. tb. princlpd .um of Sine thou8and
tiTe hunl\rK and Nt>/lOO Dot1ara (, 9,jOO.OO ), with interest from
datftatthe~teol I1Te .. ~"hr...tourtb.a... CQltu:m { S--Y41}ll) per annc.m on the unpaid
be.lnce until pPJd. The IUd priudpal ud. ~ Ibal1 be ~ at the oftke of
IoU,th6..'ern KortC&CG O~~t l'~ Wo.t Fla~ler ~treet.
ha K1a11.1 f nor14a ,01' Ililacb oth.. pJaee .. the ho!de!- may dealpate in
wrl~. ta mcmth.b" tut....a. of n tty and 61tr/l.OO Dollars <$ SO. C l. ).
CCII'tmeaciftC on the ftrat day of ..\up, t . 19 61 . ad on the ftl'St dl\.Y of eQCh month there.
After until the priJaefpU ad mtereat aN tully paJd. dCfrpt that the Goal p&ynlel1t "f thii enUn indebt~~..
ericbGced henb1'. if DOt ~ paid. ahall be due and ~ Oft the ftrIt da.Y of Jul1 ;dIE 2001.
11 def-wt be, maa. f-.1 the :PaYment of uy In.ta1lmeat under this nO~1 and if !luch default Ut not made
.ood prior to the due date of the next .neh inata.i.1ment, the entire princip&l sum and aecn;ed interest shall
at 0Dee become due IIIld pqebIe without notiee at tke 0{Jti0n of the holder of this note. Failure to exerciae
uu. ootion IhaD oot eonatitute a wa!ver of the n,nt to exerclN the same in the event of tiny subMlquent
detauft. IIi the eveIlt of default In the paytnent cf this lloteii ane:! if the I4t.mt ia collected b~' an att.->rney
at .W, the undeniped hereby qTt!e(s) to paJI' aIlcoata of eo edloo, 1ncluc:lina.al'f'&IOna.ble attorney's fee,
PnMDtmer&t, protoR, aDd aotJce are li6rebJowaiwd. --
(19.50 state DoottmentQry
Stacps affixed to or1~1nal
note and oanoelled.)
1/ ROf J Qnt.8
R(;l Jon..
t~eal)
___...._J.1 Laura J on~~..,_.w_______J Se~J,)
~~a Jones
And shan muy, pn:m1t-"t1y, and fully perfonn. discharge, execute, effect, complete, L.nd comply with and
abide by each and every thtl atipulationa. al'l'Umenta, conditiona, and covenants of said promiS8ory note
and of this mortPl't!. then thiIJ mortiaa'e and the eatate hereby cleated shall ~ a.'1d be nllil and void.
ADd tht ml)11;racor further covenants as tellowll:
1. That he will pay the indebtednesa, as hereinbefore provided. Privilege is re6erv~ to pay th~
debt in whole, or in an arnount equal to one or more m(Jnth~y payments on the principal that are next due
on the note. Oft the 6rst dsy of any month prior to maturity: Provided, h"wever, that ""ritten notice of an
intention to ex~rciN such privBege fA riven at least thirty (SO) _8 prior to pre~vment; and, provided
fUither. that in the ovent the debt is paid in :\:ull prior to maturity and at that time it is tn.ured U1!der
the provilioM of the National Houaing Act, he will pay to the mortgaaee IUl Rdjustcd Jlremium charge of
one per centum (1 %) of the orilrinal :principal amount thereof, f!:leept that in no e~ut shall the adj uated
premjU!rl exetled the assrepte amount of premium ehargea which would have been payabl6 it the mort-
rap had continued to be insured until maturity; Iluch payment t.o be applied by the mortgagee upon its
obliption to the Fed.1'd Houeinar Commiuioner ou aecount of mo..ri.cqe ilUtu~ce,
2, That. in onkr InON tully tc. protect the NeUrlty of thiI mortpp, the mortPl'or, together with.
and in addition to, the moathb' .~te unci,.- thE: tram. of the note secured h~b1, on the tirst da.y of
8Icl1 mObth, until the aa!d Dote ~ fully paid. will pay to the inOrtpgee the fol1l>wm. Iluma:
(e) If thia mortcaare and the aid note IeCUrcd hereby are insured und~t' the provisions of the
National HouainC Act and 80 lonr .. tbey COJ1tinue to be 10 insured, cme--twelfth (1/, n) of the annual
mortPl'e inaurance premium tor the purpo;Je of put tine tl:s mot:t~ m funds with which to dis-
eharp the Iii&idmot'tJraI'N'. ob!fption to in. Federal HOUIh:z Col!Ul1lNioner for, mortra~ insurance
premiUIDJI punuant f.v 1M appiJeabIe PJ'C~ of the Natfnna) Houafng' Act, as amended. and Regu-
lations thereunder; the mortp.pe ~ on the termination af its obligation to pay mortgage ilUlur_
a.no::e prem.uuna. cnl<lit to the account of the mortppr aJ1Jirmenta made under the provisions (,; thiB
aubuction whicll !he UlOJ"tppe ha& not bCloome obJ~pt to pay to the Federal Hou;mg Olmmi...
lioner ,
(b) A awn tlqUAl to the Zl'\-\&nd rent&, if any. nut dUf!, plus the 1)l'ebliums that ;viii next becolme
due and payable on policlee of fire Uld other hJU~ inaerarn:.e coveri~ the mon gaged property. plus
taxes and ".eMmtnta next dQ8 on the mort~ property (all Ai _timated by the mortgagee) le55
&ll st.rna a1ru47 paid therefor tivided by tile DUMber 9f montha to elaPM' before one month pi.jor
to the <1&ia when lOch .-round ren", premiuma, tn., u<l ...eument8 will become delinquent, auch
IWD8 to be held by mortppe In truat to pi)' laW ~ reeta, premiums. taxes. and 8pe<:iaJ aaaesa-
lneIlta.
(0) All pa)'lD01lta melitionad in t4e t..o pnleedilijf tUbleetiODlS of /:hUt par~aph and all pay_
ments to be made under the note teeund hereby shalt be added tvlether &r,d the &nrej'1!'.te &mount
tbenof IhaD. be p'Jd by the m~ tech month in II Iin&ie PA:-ment to be applied by the mort.-
....' to the f~ ite&u in the crier II8t forth:
L ~~ efu1raw 'UAdU 1M t'lC'Atraet of ibwr...,ee with the Fedenl Houainr Com.-
m~..;
II. ~d:reat.a, tau&. ~~ ft:re. and vL'er h.:wutl inaUl'wce pT'Mlil!mli;
m. in~ M the.. IIeeUhld hereb1; 'aOO
n. JilIU01'~~~' ot'.'~ of $&id uote.
Arry def\eieney in th.: ~ ~ 'well ~ nlO4th1:v ~ent al!.!lll, lmlese nwte load f;y ~;,.
mortaMer Priw, ,',',', to,'" th, .. d,""W. 01", t!; . 1lId", , '..~, ,'"i9m, ,tAt, to, ClCIUlti, ,tu tutt.e.e an event, of def,liUlt tmder thilln~,..rt--,
....- '1fte ~~, ' n"'!ate,~ net to ueeed two centis {~} lor each do;1al" ('-I) t:J!
....~~~,.fttM( (1t) '.-s " ~ to ... toM extnr. ~ involV'ed 111 ~~J;.tilin.r
~~rt7tta..i<' ,;; ,,<!:~.'
, ,...,' 'IW, "ifLa.Wa.\,, \ef"~.JUde tM,-,','~, :aqor""'~. {Ii) o.t~lph~:P~, Un,
...... \he ~" .", fit,,',~, ' b~, lIT ,,; ',=, ."=C,' .. . t~lJ'Olmd nmt.J.. t!lX~ W3d~, ,en
- ~ tm'D.;*\ 411I th:f CU& IU7 ' ., ' . mdtW bl the m-~I!UI1IU~
~W... .. tP,y tM ~_. ~~. flUe'~ :;.,-meub: rr.ade ~ tiw ItlWtp
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