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HomeMy WebLinkAbout2772a ~ ~t-c~ ~ ~,~ ~. • a ~ ~ T ,' ) ,.t: l'.~:.r t: t{I:t F:l\•tJ~, tlt(• uutletil~i~~' ~ ' tt, 2i1~A1, ,i . ]~AI~.~Y , Uf iiantlin~t:)ll, ii.;:. (le }~'L'Cl~'.TA1. IitiltaiTt~ iuE3I~~~~~.Ui1QY'~ hire ~tl1C-c~aac~ra end r88i~ti~ a c~*~x`'taRirrnzrp~~lrf~i ~+n~ ~xia5•i~-~rtt}, . - ll.t-I,aws.ut_ , ur order, the prilicillal su?zl of F:i(.}i'I' TI]t)t.!SANIi-.__..-____.. Llolis.rR (i~sU00.t~0 ),\\ith r3 Ilitt•rl'Rt frUm Hatt' tit t11t' I"Fitt Uf 11VE-' Fi.I~t~. L)IIE:~t~tl$Y t.EI' ~t+~r 41ntUII1 ( ~ ; ~ Ix'i- Rnn?:1I1 un the unpaid !+siance until 1)aid. Z~ilt1 said t)riricipsl anti irlt~rc~t atlali 1>e ytayahle at the ofi;~ of t hca 1•'c~cler~l Iloueitl}~ )-zZ~-~~E ~~f,Q{~' , or I~t nuc}t ot}le.r ITlacr ps tht' i n ~i DTI ~ ~ Gtt ~ it . C: . hr~l!!r'r rlta} dt':(ictnate il, \\•rit.ing, Ir1 IT10rrt:li±' I11Rt$1imPntb of Fl,}P.~]-Ft~UA ~~ 24/10;x..°_°'_ i1,,1{:lrs ($ 44 . Z4 ), cY)mmencinix oIl the first clay- ttf Ju>?te l~ 52 .and uI~ the tlr~t dR\ of exril n)unttt theres~ft:'r Ilntit t11e prlllcli),~l end lrltert?9t anti full: Ttaid, except tilxt t11e tills( pR~ ment of tht t•ntire indel)tE'tinE~s evi(tencei lleret~y, if not talxiner ~~id, null t~ ruse and pAyabie on t}le tir::t tis~' (;f f-]8q lt3 ~~ If ctt°fault ktc' made in the l:'a}'Inenj of ally' installlllen± trn~ier this Jlute, 11Iid if such default is nut rnelde Qt„xi prior ti) the Elue dl:te of the next su:.h inFtallment, the entire l)rinciEjai etJrt and Iaccrue<i interet atlaii Rt oltce t~carre tike Rnd 1)ayl~hie without notice at the opt-ion of the holier of thin note. k'Rilurt• tee eterc;se t.}"114 OpilUll 311911 11Ut cUllittltULi a \4'KIYe2' of the I'1gllt t0 exCrtiLae thC: 52:IIlE; In t}lf eVeilt Uf Rll}" [111:atietllleilt default. In the e\•nt of defalult in the l~a}•nu'nt t)f this note, anti it t.}le e~T1nIE' iR coiiected 1)}' FI-1 atturnr~ at 1F1\\,the ur,dE•raigneti herel)y Il};ree(Fr? t„ I,tly 9llct?ats of a>Ilt~etion, it~cludiny~.a ret~~ollr3l)le stturnc,y'ti fee. I'rest:ntment, I)rt)test, 2ulci notice 82-ta hert'Uy wai\•ed. - ~- i ' #. ?< t y _-mot •~ itlil tittFlll .`T,U!}-, itri)rl'ptl\', Rild fllltl' j)e1'tUrril, (11?JV119r};F', P\t~12LC, efft'~t, CUrtiplete, ald Ci;illl~!}' v,'rttt Rnd rlti}ill' lt\ l'at'h Rllii P\'E'r\' it?t• titllrUlRtlUn1+, ak't't'Plllerli5, CUliiiltl ;i1R, flied Cc"r\'eIlAI1tS Of Rt31U prunil;Sr)r}' IIUtE' Illltl tiI 't,IS IllUr).p;aj(t', LhE'rl t1i18 II1:)rtAFige iliit! Lt:t' eSi,9te ((creel}' Created 411811 CCi13C 821(1 lam' l1Ul't 8114 \'Uld. :'1nd the Jllt>rigaRur further cu\'enari±s 1L5 follows: i. 'fhRt ht• •;ill ItR}• the incieb±t•(ine44, as hf'reinhefurr- pm\•itled. I'ri\ilege is reset-~•ejl t+, fls}• tt?e det:t In \411'rl±`, ttr Jil Rr. anlt!llnt E'tlUAl iv Une !?r nl;,rE' 121ont111}' (IR}'iilent.~ Un thE' priliC111Fi1 t}1Rt. are Itt•xt title /;Ii t}tt' ;lute, t,n the Hest iiR}' t)f H^v ttlonth {n'ior to maturity: 1'rovldtaci, hok'e•::r, Lli9t µ'rttteti nuticC of an iili''Ii'ltiii it) t'YerC19e 3tiiti lit!\'lll'};C 15 ~;1\'eIi At ie21.°It ihrrt}' (~1_I) daye prior to prel)ayment; And, pro.•IticYi fl)riht•r, t11RL ill the E'\'i.'lit t!:E' (lil)t ]fi L)F'_id lfi tlili t)rli,r tU !I1RtUrIL}' 81111 Ft LhRL tiinf• 1t 1B lil4UrCd Lln(leI tt;t• ;rnn'isinns of t}le ~:atiur,al Ilouaing :art, he will px4 to the nlurtgRgee an Rdjuuta..t nrenliuill charge of orlt` lit'r ct-ntum (t';~ 1 ttf ttie (iriginRl prlncipal~amctunt tllereEtf, except that in no e•.•ent 4hall the adjvstt~d ,)r~ Ililatli exceE~i tht' i1QS,'2'l'j{aiP aniOUtit (t{ lU-etm112m chFlrKt•s K'hlctl u'olI!d }ls'1~P 1±CQn p8}'a1)ie If the n1Urt- QaKt~ had cusltirnlt~d tit lk' insured until ninturit}~; such pxyrnent t+; F)e appliE~i by the mortgagee ,~I;ti,n i!s OftllkHtlUii tt) Lht' I' E'tlt'rfll IitiU&1_r~~~ t~Omrlli83lUneT UI2 gCCOUIIt of mUrtgage lnBllt'RI1CF'. ~?. 'i~hak, in oriier nlurt fuli}• to prutErt thc' =t-curity of this mortgage, the nlortgilgor, tutether \\•ith, and in Rddit~ttil tu, tht• rnt~nt}II~• pa}'r:lE=iit5 ,Intit~r thE' terrzle of the note Re~:uret~ betel)}'. an thE` first cis}' of t'...ch r:iuntll until the void note i~ fu13}- Itaid, u~ili f>31}' to the mortgagee the following s~unls: ~il) if tiilA n?Uri L;Fi~t' a(ICl thc~ said ntitc~ :?~°rured hf•rei,y iliC IP9111'fYl lltlder tf1C pr0':141011R Uf the ;`vF1Li(iiliil 11UU~11:Q dCt Rill BJ ii?nK F9 thl'V Ct)IItInUC' tV 1)e Rf) 1nRUTe~, Oile-t\V'eiftll (L.1~~} Uf tht^ RnI1URi rlllirtKa~t• IC141irdnrC' 1?rt'rliltlRl for tht= {i'lf'jx)3E' Of pUttlilQ,' t}l Er rrlolt~a~'e£' )n filil(1B \~lt?"i AA'li1Ch tL} di$- CIiFiCQt• tilt• Hald I11Urij{£ijLt's''6 Ul)11Kat1Un t(t tiie {' PCiCrBl ]iotlAing C~LIi1rr11SF3JOrler fOC illortl(el E illAUr8i1CH F~r-rliilunla purfiuant to the applictihle prt~\•i:=i+~nR of tiiP. j'+iRtiQil$.i iio'tiAiIlg' t'~rt, as alnel23(ie~. a21d I~Cgv- latittlla therzundt:r; the Irtortgr.gt_ai' allail, an ttiC irl-Jnination of it,~ uklligRtiorl to 1:Ily Illt)rigage insur- iiit'E' UrE'nl1Ur21r, C1't'tilt tU Llle >;i000illli of the :zl0ltt,(,'i3jjt)r 811 pRymPlltEl 11'IRdF tell!"it.'r the F1I01'IQI!itl~. Of tI11S ±;E,'-.rt't;r!ll i~11:C'll ttlE• P.lort~Aj~l'C haft IlUt t>E-LOIi1C Ct)11gAtft"{ t-0 r,}Aj; IO tt"IC {'~FCiE?r8I Iii)U3lrig {.UI?1It11B- . u .~t'r. i b) A suit. etluFll try the gl-ouncl rt`r.ts, if all}': Ilex_t due, plus the prrrnilln?s that u'ili Ilcxt becvrnt, tli1F Nltd ;t8}'Fit)lt' GII IK)llclE:A Of f1IE' nll:l t;ttter }tAZhr(i rllAUrRTiC. C,oYCClrtg the rROrtgBgcti I)rU:;•Crty, plll t_:'i.t•5 ?firs aS';e:t3t11t'11t3 I??')tt dlle Qrl t11e nlortt;agPd I1FU1'>r'rt}' (811 Feb CSj1iilRtfG h}' the in;trt~RRtae) less <llt surus a1rE'aci°: 1>•aitl ihE'refor Eiiviiie(i by the Hun(t)er of sllonthR to elalxic 1)efnrr one rnurlth pnor t:' tli±` dSte u+•htIl Rll('tt grt)nnd rt'ntA, (7"3E'm1Un18, tAXE33, And a&CieiElnent33 \'t'il; }}E?COltle drii(1tlU4~ilt, 8UC1: a 4Uriif. tU (-tt h('liI t)V rnurt17R3;C{: 111 LrusC tU I:til}' RlildLi~t>Unci reileq, j)remiUriiA, ta}:e8, Bled $lit'Clfl! 888tFie`4- llit'iltii. tC) t~i11 pFl}'n~iCllLS nleiltlUnE'.d lIi tnc'. t\\'O prtYEtC11I1;X 9U1)$4'Ct16n4 Of this I)ar8~raph sled sil pl:y- iliC•ilt8 tii trC' mRdt. lln(le7 iht• note gC^CUrF`CI }i~ret:}- RtlF2ti t}f' Bllri<`ii tofettiel' Rild ille E'gri`~Rtt' i~mUUilt t't,t~rt~,f =,tlati 'tom I:.Rirl l;}' thE? ITS!'iPj~P.~Ur (=rst`h nlontl: in R Ringln 11~~}'relent to tae Rt)p~ic-i t_rs t}le inr~I~t- kF1Kt~ t:r the fo}io='~illg iteiriy in the orclar set forth: T. pr~,'nlium charges antler the cc)ntraei of lnsllrrr:ce kith the keflerat }rousing :'~t31 t;~ miesianer ; !e. F'i~(lUtl(1 I'ei?;.13, tf~Ea~, K~}£:Li'a!;leiltA, I~1TF:, &Ild Cit-let'1' t187.2Yd 1T1fi112'tl.i2i:Q i)rGr11l1iri1$; Ill. intE~rest ore tfle nor= sec;j,~r~~d }lereby; Allt~ _ Iv. tulaclrti~atic)~l of t11e priuoipa~l of ~ic3. rrotA, ;11;y Eieficienc} ir, t}iE'. a;r?punt of atJt~h ag~~~st-s~ Inr~nthly ~s.y'in~tlt ~YIr~11, ~nl~t~ mr~.Ie ~EUCI l;y the Inurtt; or prior- tc the due Elate of ttl.`.' nPxy such pa~~Pnt, Coi18:;tL2t~ aI1 cvellt of default ilnd,~r tt•.is nlori- _ gnge. `ht lllortgagc~€ Tray coliert a "late ctlal-~e` Ilot to exc tie cents {bt) for each dollar i~I) of E-~ch r;r~~-rrlent rrlor=.~ tt:arl fitte~n (Ifs) clays in aI°ri.~-ors t~ cxsv~t` t~-la ~xt;r`! exi2~.ll~ lnvU:vE3d in hanE!iiug dt'1iriEluent paynlor=~. ' - ;i. That if t?te tf)t.a1. of the pa}°rrlen;s n-~ t;'~ tdi$ t~irf~.~~r; tatid+~t (!! i of pr~rs~rta~h 2 ~+~e'(iirig a=lrLli arc:-~~i t1-,e arr,(lirnt ()f u~yrnent~ actually rY=~'re b~ ~2~ ~71va~~~e, f;.~x' Qrr~und r'~'•nt~, t~c~ anti asr~~=lerlt.s ..., .d_.._.. ..~._.~..~.~. .~ ~ 1. ~..