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Wi 39 1ICl321
YOl v IJ..\I-a Itk'1JVGJ. V~ ~ ~\.) to pay to
MOO" "RU lIGHt 11_ oar.r&l't. DC.
. . ..,....u. ~ and ~t~lIUna ~
taw ... -" S U. w 01 rl~ ' QI' ord4w, tlu p<<iDdp&1 awn of F 0 II r tee t1
Thou.aa4 S...n B.UD4reci au 00/100- - o.iua (.1..4 J 700.00 ), .ith inW:rMt ironl
da.te......nrbllf'l" . _.. t~ .. iWIltuln ( , ". ,,> ptf annum vn Ul& l.!f\pAid
t.1&Dt'1t ntH pt.kt.. "......wfl1 ~... -.4 ~ t ...a.D blt pqabM at t1M ... {If
8CQA""" ..... CXKPAft. DC.
m Coral 0&-'1.. '14rUa .. at -- .. ~ M UwJ bolder may ~t.ln
wrlu.., m ~~ ~-.... 11ihty-!lv. .nd 8;/100- -DoU&r. ($ 85,85 ),
~inc on the Ia"w't day ~ AUg\J at , 1. 62 ,aDd OD tJw f\nt dAy of~.h month lh~~
af't'.- un~t~ p,ri..4Ml- intAhlt.,. ftlD1 paid, "*~ that the ftna1 pa)'mt!'ftl 010'1. .nUN! indebt~nflN
""~~, if not IIOOMl" pa.id, ah&llt. d~.nd f*1ab1. on tht f\nt day vf July ,19 92.
It tkta.u1t be nut. i.D the payme2lt oIlUlY ~_t. ~r lhia rw~, ~ 1t wch d4.tAUl\ is DQt "~
~ prlQr \.0 the ~ date of ~e next .udI h..t:anm.t, ~ ftltlNl principal ~ and ~~ iour_t A~H
at 00CIl! beeocne dU€! t.od payabie with'~t not~ at the option of thll'. hokkr of thlA noUl, F allure tQ extof"el.'MJ
t.hLa Q9Uon ~1 not ccnatltute a w......r of the riatlt tu ue~iM th. Nme in the ~vttnt of ~ny ll11h6~\.lt'nt
~faulL In t.he ~ent of 61tti\u.t In tht' paymfllt 01 thia not~, Wid it the ~ i6 rolleoctoo by An &Hl)rntty
&t Law, the undenip6d btreby ...rt"(' (I) to pay aU ooatJ of rolkcUon, tn.dudina.. ''''ea6l)t~ a.1 tom.)" a f~.
~ntn\€'nl. prot..-t. and n(itiClEl are her~blw&i'ied.
!~L,!~'~,~b.J~~!._-St~~ r:1 r!!- --~_._---_.---
"u.;.I:n .1\. G,,<l1 r.
!~/_;1el~nJ J_.!.__.C.i\l.IJ;!n ___ ______..__.___
Helon . ChuI-in
-. _.~~-- --,------,,--- --"'-"'~---~--- ----..-.. --_.~--_._-- --...------
And ah&!l duly, r'I'Omptly, a.nd fully perfoTnl, dlschnrgi'. execute, {.ffed. compiett'. and comply with wd
..blde by ~ACh And evt'r}' the s~ipu!9.liofll\, agf(~nH'nt.8, conditions, and covenants of Il-Aili promlMOry 110. .t('
r.nd of thla mortl1lJ". then thlt\ mortgage IiIld th;~ l:'$tAte ~wrt'by cJ\'at(.o 6hall Ct'A!!t' I\nd Iw null Rlld \'0111
And thr. morl,agor further c:ovl'na.nls u f.)lIo\lts:
1. Tha.t he will llAY the illd.:htt'dnf'~, WI hert'inl~,(qr't' IlTtw!dt...L f'rlVlll'K" i6 n'~WF\'Nt to PAY thr
deht in whole. or In all amount t'Qual to ont' OT mOf/' monthly paynH'nt.s on th.... pnnupal thllt AT,- nl'xt !iUI'
on UH~ now, on the tint day of an)' nwnth prior to tn9.turity: Provided, h:)wt'wr, thAt wnttt'll liotlCt' of All
int~ntil)n to exaci.l4' auch pn\;\1f>g.., iA gv;en nl 1t"&lIt thirty (30) daYII prior 1(, prepaymE'nt; nnd, provide..!
tutth~r, that In th'.) event tn,' (kht i;-\ pl\.id in full prir)r to rnnturity And at that time it i1\ Hll\Ur.>d under
the provi:\i')M (If thl' Nl\tioi\1l1 Hou!'ilng Act, he will pay ti.) the nlOrt~l\gl'{' R.n I\d)ul\tcd pr.-mlum (hargl' of
one p<'J c.cnturn (1 ')t.) or the original prindpal amount thc>rt'of. l:'x.:ept thAt in no Hl'ot !lha!! the ad)lIf\k',j
prf!mium t'x.:-t"e'd the Iljfs;'n'f(att' l\mnllnt of prt>mium ChA\'1f"i$ which would havc 111.'('11 payable if th(' mort-
J~ hAd contillu~ to hi> inftur~l u~ltil tll1\turlty; ft\leh payment to he I\pplil'd by thf' mortgage" \Ilk\:) ita
obli"atwn to the fetit.>ral HOU811ij{ (.ommIMlIOIU.'f on a.ccount of fIIl)Ttgag(l maUraiiC{'.
2. That, In ordt'T more fully t...1 protoct the k'Curity of thiil rnorti"i'i!, lh., Illort!{iillllr. t'}i(ether with.
and in addlt!on to, tht' monthiy p..'\ym(,!1t~ onder t!H' t..-rma of the noh' ~Kum1 ht"rf'hy. un the llr!'.t dllY <..1
(>,ACh month until th~ uld n(;t~ i~ (ully p~id. will PRY to th~ morti8.Jll'"e the f()lIowll1K t1Urn~:
(a) if tMJ! rnortgaKl' and the BAld nol..' ~'('urefi h('T('by are insurt'd und.-r tht' prOvi!!lOn' of the
National HoullJng Act Hnd &(1 long tv. th~y C!)ntillu(> t,o he 80 ili8ure-d. ol1(o:tw(.lftll (I) ~) of ~1H' annual
mortiage IMtlrilnC-,~ pr':'!Illum (or tht' jlurpo~ ~,t puttlllft' tlH' mortKi\~i'(' 10 ft.moR \\ Ith which to dll".-
chArj'\' ~he &Ald mortgAgee's ooligatlon to the F...derlll lIou!\ing COmmil!-1110nN for nil;! tiuie inlltJrlUlf(<
pn.~miUfn! pursu~.nt to the api,lkable proyi~lonfl of thl' Natlolllll IIO\ning Ad. M fifll"ndi'1.l. and H('gll-
lAtlofUl UWfcun;}('r; t}w mortgaj{tc ahRIl, on the termini\tio!l of its ooliKl\tion to pay m(lrt~plKI.' in!\ur.
rmc(! prt'nllUnU\, rr\:-dit to tb' B.L"(\Junt of the. mortgngor all paym..nL'\ mad(' undH tht, proVi!\I"IH\ 'If thi"i
I'uh'lC'l,tion which tb" Illurtgag\.'<! has not l:-e.come c.Lliptcd to I'tlY to the Fedtml lI')\J~lllg C(lmmlJ~-
, 1l)Il~r.
(b) A Aum (o{j\Jal tf, the ground fl'nt.5, if any. next due, pl\13 the pr'.mkm1l\ that "Iii rw,t 1)('('001"
Oll'.' and pAyable on r.dklt";8 rof the ~lld othf'f hal-ard in~.IIr;mCe ('overing lh!' llO<Jrlsp.gul prop~;rtv, r'iu~
taxei\ 1l.nd 8-o..M'''!\nipnts n{'xt du~ on th(o mortlli\len pt-operty (all fUI t'stiml\ll'<i hy the mortl{a~l"t') kli-~
sH l\Ull\~ alF.ady r"'lid then.fur dIvided h)' the nur{il~r of ownthll to ('!lll\!\{' b-don. Oll(' month prior
to !.!If'' date when I!u(h lifll)Ulid r1'nts, prvmiumi\. ta)!;j\i\, And MM~!\"H'nt~ wi\ll*.>nw ddlllqlJent, lIurh
1'l!lt11R tt) he held by mt)ltgAg~ in tru!\t to p.'i)' "'AM gTound ft'nts, pr\.'~niumJl, taXt'li, and !;pe.dal BM~M'
menta.
(c) All paynwnt..r. mentjon~d ill th., two prt"CedlDK llul}6f'(:tlOn1\ of thll\ par~gr8ph fwd all pay.
mt:lltll to I)(J ITH\df!U!ld!Jr th~ f'!(,t(' ~{."CUtNl hr-reby eh~H boc A~dl,<j together and till' Bgj{regtlh' lU110UHl
thflHl( l'-h.l\ll h(> p;.ud hy th~ rnortgdgor eACh m.)ntn m 1\ l\!Ogle payment to l.... 81Jplt""J Ly the lll<.ltt-
g~~ to UHl 101krwing ltetn1t in the order ~t forth:
I. premium charR~ unrll.'T thi' contract of !nJ\urallC{' with the r('{kral Il(lu~ing ('om.
rniMioner;
11. ~,tHmd tentl!. t.(\..~, llAietL"rncllU, tin:, /lOO othf'T hllU\rd in~\jri/;lI('e ph>l-11l!lTtHI;
Ill. lnt.('rt'3t on the note 34:<urcd ht:reb;:; and
IV. arnortiution !..r till(' principal of uid noh'.
Any de(\d~JH:)' in tho Amount or fluen iiB1fH'ititte lI10nthly ptl.YOlf:llt ~ha1\, unlu~" r!lii<Ji- ~u<)d by t11\1
(lWrt.if~Of prior to t.he du~ dllt{> of the n!;'xt huet! pilVfIH'nt, (vti1~titute ail ('>,('nt of ddl\\iit ur1!kr thi, mort-
lr~'" . 'ho mortgagt'e me.)' roll-xt . "late eharll'/ rivt to (!J;(,t~ two cenl.9 (~) for ~'Ach dullar ($1) of
t\A('i; p~}T:ent rnOfl;3 than f\ffA~11 (lfl) d.j$ In arr\'us U> COVN" th~ Htr6\ Q.lpeo&>: involve..:! in hnndllllll
d~linqueflt paYl11<M\t.IJ., . .
3. Thnl If thf! tot...l vf till' p3j'nH:ntJ! m1t.de by the mort.gagor undu ! b) of paragraph 2 pr(-(e-<1,ng 8hJlI!
(1).(1'<'11 u,~ vno,mt <:t p.aym~nt.n ~h"illly mA.da b( thf1 mOfti't\g~. for ffi"Ouod rHltA, taH~ and R..!;,!WMW!!nU
awl 11~3\IrtU1q.. pr~ml\ma. iUI the ("~ f1l.Ay ~. !lUCiI (UtCl~ ih^!1 t,... uMttl'd by the rnl)rtl(l\jrN! on ft!lW'fi'l&nt
p&)'DWn'ul to ~ mlHj~ by the m'jr1gagor. H. h(iwl."'.<er, thf! mf!nLnly T1J'tym"nt4 11",al1f' hy tilt' rnl)r~fCA.tlnt
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