HomeMy WebLinkAbout0938~ R. 34 }~~t;~ ~
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~, ,~,t - ~ 1 k-.
F'ut; ~'AE.t'1/ Itt:.'xtvxt), t!ce unEl(+raign+~cl l,n~lTlis(,(s} to pay to
• ,~i£i .I C:~.*i ^1 I "T L.la: Z 2~ :ili l:i:',ty ~ }d C Ol•tl'~~`~:
f+ C()r1N.+rJ~tlOn urKr+a:izecl Eir:d erl~t~n}{ ur;+I,~r
tlit~ 1a~+'8 Ot )•~'loriE'i~ ot• oriier, t}le yl'IitCllt.Rl ~lltll ~,f '1@I: tF1C)U[ tlil-:
nine kiwt#ds~at3. r;t1~i tie/iGr -- _ _. _ __ _ _. _ _ 1)ollnra ~,$ 10 , 9t~0. GC E. ~~ It-,
interc~at frE~m Batt' at t.hr~ rata <+f ~l.~a tsr:d t)t38-;c~ttrt.tl 1,Nr rent,tirit ( ~5~_ ~ ; ? l,t'r
a:inwn on the unl»id t+~lauce uEltil haill. `Ihe sirid 1)rincipa! (?nc{ intrr~i shall ls' ya;•at,}e Ft thr nE~:.( (+f
Arl~rior~n Tit.lg Int~~trartoe Ca~s~tat,r~,v
tlt ,~4i.tt~til ~ F'lOx~itt€t , Qr aC 811Ctt rrt}tE'I' yiaC'i' R~ th~~
hol+l~~r ma}• desi,gnxt=' in writing, in nu,nt}iiy- irtstslili)enta of ::;ia_L~` slid 2t~/1GG
I'ulltars (.$EGe~$ ), conttzu.t.ing nn tt;e i1ryt day of aTU.n~ i:' ~2 , an(t
on the first day of es.ch month there;~fter until the principal and intermit are fully ytiid, E•xrtpt that thi• flril
paylFietit o? t}ie entirz indebteilri(*at- eviciaratKi }iereby, if not scxmer ~~atd, t31tR11 i~ due and }~eiyat,le un th+•
tirxt clay of ~~St 1~ ~~ .
If default t?e made in ci;e {;aytrtent of atr}• instalis~ti;nt :alder this Mote, and if such deftiult i:; tu,t nia~le
g(n+ti pri+)I' LO tt1N (;ue Elsie i+f the next sorb it.Ltallment, t}te entire. t+rineil~xi sum tired :accrued interE~st steal;
at orxe L~romN due ailci puyrible without notice E?,t the option of th(x he+lder of thi$ null=. Failur:• t,~ (•kerrise
this optiori shall not canstit(lu= a e:ai~•er E)f the ri ht tt~ excrri$e the BaI);e ir? the e~,ent of an} su}~5eilu:'nt
default. In the tver,t of defttuit in the yHyruent athis date. and i° the same its cullc~cted })~~ an atu~rr;e~
at !aw•, the underaigttad hereby agrrc (s) to pay Et!! costa of collection, inclEliiing. a rE:,isunabla attc,rney'6 ;.°~.
FrE:sentrtient, p~tc~t, and r?otire tir~ ht;rYbE' waic•~•ci.
(;~1G. aG :~t~: tl/ ~oct?~,€~tit~:: ,r ~ tiFt,c:I:.s
~i. f9_xed to ori~,ire~1 rtvt.e E..n~
CE1t2Cs.1@rS.
c~ }~obert 0. Provoei ~~~et.' j
Ra~%si°L C. i'rcvop t
tl r .t`(i 2;. l"~} _ ~1r':. 2~ w' /(~) V O E3 t: ~ :.• E_' . ~ j
.~~~Crl yY ll t I~1~V V~~E'
And shall dL,!y, l,romptly, Etnd :Cully pergorrn, dir~haa'ge, ex~:ute, et~ect; c<:rr.pi('te, and cvn:l~}~- x it}: c:z:d
tzbidt' })~ ea.('1': a:lli eVei'Y t}lt BtipUlEtt;C•1t8, FigrY~R1NI1_t8, CC'tid3tEtir+6, Erlfl CUVc[iAiltA (:f Rigid tirCirllE:~'~~irti' [)(:Ct'
and of this mvrtfiatte, Yhen this niorig;;,gc: and the N~tsti l:eret~y creatE~Ei Eslisli cea:~e and }k nail :;r::l ~•:;i,:.
And file tsu,rtge~•ur fur:h~>r covN_nt:Iits an follus~:;:
i. Lhf{t IsE w,'zJl lift\' the illdeht:'cltteas, rla heretlt}fore provlill~ci. Yn1•lle~c 1:: re~E'r:°ed tc: I!fi4' tE;'-
(}el;t in K~iwle, Jr 211 Slit arllC,UliL @Eltiiil ~ OIiQ Ur tilpr@ rtlGntlll}' ~rtyn:enta OC: t-le yt";nClpa} that. Arf• it,'Yt (ilea
an the note, on the first day of E~ny month prior to tt;aturity: I'tv~•idc-d, hou~i:~er. that «-ritterl nut;c:.• of ar:
intention to exercise E;u;rh pri~•i?age is ttiven at lea.~t thfE~i (3C1) EiayE=, prior tr) t)reyay-r)ent; an(l, l~rrti:leri
i+urtl)er, that in the event t}ie debt is paid in foil prior tE? rnaturity anti At that blue it is insured ul:rier
the prni•isions of the NEttiutlal IIvusing Aet, }te mill pay- to the ntvrtgagee an adjuatecl premium c}iargr of
one }qtr cantons (1 ~-} of than original principal amount thereaf, e~:cept that ir: no eti~E'nt shall the .idju.gtE~l
yS'E'.rlllitrit e%c~d the Ag~~rel{ate amount of premium cl~rargeu whirl: r;•culd ha?.•e been ysyaLle if tho n~c,rt.
gtigE° }tad continue{1 to t~ insure-d until rns.turity; Esu.^_.h pny7llerlt to ~e syy!IE~cI }!}' t}:t' n7origFS~zer~ ufx>n it.~
obligation to the Federal Ilcusing Cotttmi~ioner on account of rr:ortgagE~ insurance.
2. "I'itat, in t:rcit:r rltcrE fully to prut;?et the 1_~curity of this mortgage, t};e n)urtKngor, toget},-~r wit}1,
anal in addition to, the monthly pavmenta under the terms a' the note sE~cure!I herE=});,, vr, t}:E• tir:;t ~l:i}~ of
e~ECh rr.orlth until t}ie said Hate is ~itlly 1:aid, will l;sy tc? the niortgagEe the following aunls:
((r} If i3ii5 mortgage Ein,l the said note assort-d hereby sr~ itis~.Erecl under tt:~ l:ru~~i5i(~r;s of t}l;~
:'tiationE:1 Hnusing act and st, long as t}ci:}• contirnte to }x so insurflEi, o.:e-twelfth (1.1_} of tI;E' arnual
• mor tgEFge insurance pt-enliurrt fur tllE: purt>,ose of putting the nsvrtt{Et~•e=e il: ftlndx <<~ith whir}; t:) di4-
charg8 the aa;d mor#gag~`a ObhgAtlGr: tC' file ~''eiLra] housing t;on~unlatiE'onar for mortgage tnstlrarice
prentiutna i?uratltint to the tt<yl;l~ccal)le prvvlsiona of the Tdtt.tfenal I~ou~ing' ~++.t, EiB E~.rn(~r,(ied. and I.egu-
lationg thereunder; the mortgagee shall, cn tl-t$ tea°ntination of its obl:gativri to ,,sy t3:urtgl~~• insur_
ante prcmtttrrts, credit to the amount E~f the t~rlE,rtgor rill 1>sEymentrs r.)_ade ul:,~er the prop isionr; of t}:i~.
suh?~tion svhic.: the n,ortga~~:~, has not l;,~Efit)r obligatt~ii t:; 1.~}• to the i'+_der;i Butting C~'znnlis-
~ioner. '
t~} ~ sum E:•gtlal t~? ihQ ~raund ranks, if an~•, t)Qxt date, plus the pret::iuma that wil! next t>F~,•,~nt(
lice told ;>a}"a})lt? ou potiCt=`S o1 fi:€ artd Ot}ter h~;.aFd tnsuraslce Ci;VFYtng the rn:)itttiigE=d [)rol:i'rC';, 1'~IUs
t.}~X£`$ and Eir:,~ti2tt71€nts next dos on khe m:~rtg~~+z=d prof">zt`k;• (all AEi et3tirnRteEl }ay file tllorttrtagee) less
all Sums alret~;' prairl thla; s;~ divided l;y the ~t~m_ r of rYtutitltEt to e}Et}7se }reforc one count}: i)rior
k,~ the Eit~te vth~n Esuch grci=G~id tY:?ska, yrcrrtiurtt~, t,3xes, and E=,~s~aruentEt v~ill becE~lne deiinEtuent, sac}
~IUrt1s t:, Ip held t?ti~ inortgagt=c in tr~.tat t~c~ paY acid grvurd rentQ, premiums, tttxeES, told sl>t~'ial aisEi;~s,~-
rnen t~s.
(c) X11 prtTvt;,et~ta rr~etttietr:ed in fife tvao prESeYtiing Etu}z~c<i:4iE)rss of tt)ie parEigrsuh ar:d all pay-
rten~ to t;e Ytl~EIEi under fife tr~~ ~:;.etsr~rt hs:rE'i)6 shall iii adde~3 tc>gtth~r Erttd the aggregate at~:o~snt
therr:~of Eslxail ~ 1>sid F)f ing t*~trrtga,g~r h rtto:tth ir: to stt?gt:s f=~IPellt t1; !,e al,prirti lip the ntr~r4-
se to ti~4 tCc'r+l~lrg itetrtr7 its the otYl~:r Eck feur-th
I. pt~niurn E'.i,.Eii?'~''£$ un*~et' the cr~ntr°>Ct of ilt$ur~.nCi? Vt`t#h ti ° F~ eElerF~l ~Ion~itlg li3iIt-•
CYI~A'~s:~`
It, grut~t:d 2'~t~, ~~c~, t~;iistrfra, fire, ~;ti3 c,<,.ildY hszKrd it~urancc prensii;n>~;
tit, intuit art fie n~~ t~rtat~ti h~rclsy; and
i'6'. s.~.~~iaati~.. ~e ~t~irri.t ~.f .aid tt<~t~,
.~t~~ ~C`!#~i~~?Ysr`+r ).r; sl'kcs ~~:~?s=t. ~;i ~,t.iz g`r'c'gat~ tzlt)ntlily ~~ay::;ont E±lzall, unlwa mad( g-~d lr;y *.F,e
rE~i?j~-~ 1~~ },.37iU~' ~C) f.=si 4:e.~ ti~&.t~ t)s`~ mil` s ~~~k 3~ss'-_`~s g?.~~`tt)~:diiY fgt}3:Etlttlt° r`~a ~'ai?i;e 9f dG.i$!<llt tlrltlF:r tIIIR tTlOti,-
l~,~~ ~~ r~r~p~ r~ ~:<_ t ~. '~~~t~ c~=a:€~'~ ;..ri fro ex(: tyre, ~ -r+t~ (.'.~} for earl: dollRr (~: } E)f
Ott 3~xtt r~~~~ ~ Vii. (;!bj >;s~a in tg to y~vtr t~;g ~~z`sra expense involy~,d in haszdling
d~IitE~-;e;t ~~t~S-
$, `T'c_r~t ~ :iii #t~.,~l Uf ~,~ p«ti :~rtg m h t~tarrr~€~v~ ttctdar (h} a; yarr~zr~,pt-i 2 pt•(~ceding sl.ali
~CB~' X38 ia~~Utla3t; ~i>: t~3 t7t1~1k13 ;~ t=fs,.I;y ?Ti; ~y ~'~8 i"tt°;(i$,~>~~?, I'u't ({rCiUEtu rLntlt, tEa:(E'~ tt,ttl~ 8,s.SeP.~3lne iii
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