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Home My WebLink About0095 JI'oa VALUII baImD. tbe__~._.' AHERIOAll 'lX'lL1 tJlSlJiWIIOB OOMPANY ,a ~ orpJllsed aDd ~_..... thelawaol the 8tate ot 1'1.01'148 ,~oNer,ihepriDdJlh..of Tw.lve ~hOUland and No/lOO ~(.12,OOO.OO ),wflh mtenwttroaudateattherateQf Fi.,.. and I)ne-rourta ,...tum ( 51 ,,) per amlwn on the WlpU4 ~.~ aW pUt. Tbe aid priaelpel Md tntaClWI be paJable at the ~ of Aller-loan '1'1 tle In.vanoe ao.p~J' lD Miu1', 1'10r14& .' ,OI''''nch~w*ce..tM holder may delipate ~ 1iTitiq. bl JDOIlth1T iuUtn..ta of S1xty-lix an4' 36/100 " Dol1ara (, 66.)6 ), ~a.~li. OIl the Ant ..., ~ Sep'ellber . , It 61 , aDd on th! ftrtt d4ay of each IDODtb t.hereafta' atil the priDCipal aDd ___.. an ,. paid. ~ that the ~ p&ymNlt of the entire~, wkhDoId benby, If DOt .... paid, ... be ...,ad pa7MbIe 0Zl the ftnt daJ of AnlUl' ,1991." , If default be made in the 'pe,yment of any iut.nm-nt UDder thia notev Abel if.uch d4tfault la not mat1e cood f>rior to the due date of the next .uch ina~t. the eatlre ~ Am and aa:rutd iDt~ aba1l at ooee become dUll and ptyabM without notice at tIM oo&n of. the bolder of thia note. Failure to exerc:be thia option ahall DOt COD8tltutll . waiver of tM riaht to aen:IM the same In the event of any aublequcmt delaul1. In the eYflDt of default iB the paJmeIlt of th1a note, uil it the lame ie c:oUected b)' au. attomq at 1&"" the undeniped hereby qne(l) to PlaT all coata of coIlectioD. I_-".dln... re..~.bIt &ttorDeT.:... PreMntment, proteat, and DOUce an hereby wd.-.d. ._. 1/ James T. HartzOi (Seal) ($12.00 State Dooumentary StamRs Jame. T. HartzOi aff1xed to o~iginal note and oanoelle~~l _,__ s/ Oatherine A. Hartzol (Seal) Oatherine A. Hnrtzoi And aha&! dub', promptly, aDd fully perfonn, dilebarp, execute, effect, complete, and comply with and abide by each and eveJ'f the'.tipu)ationa, qreementa, conditions, and covenants of said promiaaol7 note md of this mortgage, then thia mort~ and the ..tate hereby ereated shaD eeue and be ~UJ1 and void. And the mortpaor further covenants aa follow.: 1. That he will pay the indebt.eciMu, aa hereinbefore provided. Privilep la r-eeerved to pay the debt in whole, or in Ail amount equal to ODe or more monthly payments on the principal th.~ are next due on the note, on the fint day of any month prior to maturity: Provided, however, that written notice of an intention to exereiae such privi1ece is given .t leaat thirty (SO) days prior to prepayJDimt; and. provided further, that in the event the debt ia paid in fuD prior to maturity and at that time it la inaured under the proviaiona of the National HOU&i~ Act, he will pay to the mortppe an adjuated premium charge of one per centum (1 %) of the original principal amount thereof, except that in no event ahaU the adjuated premium exc~ the ap1"ePte amount of premium chargea which would have been payable if the mort- gage had continued to be insured until maturity: such payment to be applied by the mortppe upon its obliption to the Federal Hou8ing Commiuioner on account of mortpp inaunnee. 2. That, iri order more fully to protect the aecurit) of thia mortpp, the mortgagor, togethet" with and in addition to, the monthly pa)'IDenta under the terms of the note leCured hereby, on the ftrat day of eaeh month until the said note is fully paid, will pay to the mortppe the followin, suma: (4) If thia mol'tgage and the aaid note eeeured hereby are inalJred und,." the provisions of the National Housing Ad and 80 lon, aa they (ontinue to be 110 inaured, one-twelfth (1A~) of the annual mortgage inauranc:e premiwn for the purpoee of puttin. the mortrqoce in lunda Witll which to dia- e::hara'e the &aid morlpgeti'. obligation to the Federal Houaiq Com.m.iasioner for mortl8l'8 insurance premiuma pursuant to the applicable proviaiol1l of the National Houainl' Act... amended. and Regu- lations thereunder; the mortpgee shall, on .the termination of ita obliration to pay mortraa-e insur- ance prermums, credit to the account of the mortrqor all payments made under the_provisions of thia subsection which the mortpeee baa not ~ obUpted to pay to the F.ral Housing Commia- sioner . (b) A 8um equal to the J'l'Ound rents, if any, next due, pius the premiums that will next become due and .-vahle on policies of fire and other lw:.ard inauranc:e covering the mortgaged property, plus taxes ADd asaeumenta next due on the mortpged property (all.. estimated by th'! mortgagee) leas all suma already paid l.l1f!refor divided by the nwnber of months to elapse before one month prior to the date when 8ueh ground renb, premiums, taxea, and aa8~enta will become delinquent, BUch Bums to be held by mortrape in trust to pay laid J'l'OWld rents, premiWllll, taxea, and special aaaeaa- menta. (c) All payments mentio~ in the two preceding subsections of thia paragrsph and all pay- menta to be made under the note secured hereby Bhall be added toaether and the a........te amount thereof ahall be paid by tblt 'tDOrtpaor each month in . ainate payment to be applied by the mort- pgee to the following items in the order set forth: I. premium charIea under the contract of insurance with the i'ederal Houain&' Com- miuioner; D. ground l-enta, taxM, UIJe8lUDents, fire, and other hazard insurance premiuml; m. interat on the note secured hereo)' j and IV. amortisation of the principal of Mid note. Any deficiency in thts amount of IUch aggrepte monthly 'P.8Ylnent shall, unless made good by the mortraaor ))rior to the due date of the next IUch payment, constitute an event of default under thia mort- gage.- The mortgagee may collect a "late eharp' not to exceed two cents (2,t) for each dollar ($1) of each payment more than fifteen (16) daya in arrears to cover the eXtra expeDJe involved in handliq delinquent paymenta. 3. That if the total of the payments made by the mort,paor under (b) of paraaraph 2 preceding alWl exceed the amount of paymenta actually made by the mortl'&pe, for rround rents, taxes and aa'tW'...~ta ( I) it iI ""1 r.l..