HomeMy WebLinkAbout1878'! +' tl,i
~+~ !' A.1.`~}>ri hilt ~i'if9i3~. L~ ~A~ }~ (~! stir ~~ Lv
+ ra Lsad sad existi~r uszcl~ar
ale ~>~ ~ ~t~ti a~" ~l~aridiei , or car, the prir~cig,=a! a~nl of Tan
T:~i~vesrax~d ~Ird t'C?%~.~}~. -- >ao~a {i ~~:Q~C}•0~). *vith fn+ttr~t i`rwxn
date ail ih~ raM a# ~ 11~i r4 A~~ C~iLr' ~i psr c~st.>axla { 96) Pet aan:ei7l un the uli~ta.id
b~Ia-tx^n uisti# psa~a ~"** I~ P" ~~~t~ ~[{~t~ ~ ~1-liY , Iod~ of
fa COlr~~ t#IZ~lsi~ ~ tlori diti , ~ ~ rr~h a33:-wx ~e as the homer rnmy ~t€r Ia
w*ft:i~, ~ ts'~c+tg~r of ~1~tY'~~`i~a and 3~~140-- a ~I~ia-rs t~ ~5.3C ),
ct~t~frs~ case tA=n f3z~ dsvy trf ~ug:~r3 t , 1sa 6~ , ~rld fH1 Lho flrat clad of ea:h r;it3r~th threes
aftal~ u~sti! the j~ti~c#{serl and intcrle~tt are 4v€1~t p+lafd, rgxrrg>f "that the fetus j~v7rient of t}It~ entirer int3eLtedn~+
ev#~3en~ct >=ar~+~°. #i 1~ saorsarr pa#d, a}.a~sii be dui and P~Y~ ~ the ilret +~.1y a! J u 1 y , g~ ~ 2 .
!f c~fawtt tae a~aatt;we in Lhg p~wym~t of azsy exuctxilmeat urd~r this rlr~te, aasd if such default fs net rr+sde
~~ prfcsr isl Lh~e dlae drate of thtr next suc3'I ir~tx-ttm~t, thtA a>tire pr-inci;~al sum land at~cru+rd inter~et st?a33
at t>nce i~rc+cttnse dssa sw~ 1~~•ai~e w#tt~out r>vtke at the optiatl cif th.~e hoiden of thix natp. I''ai3u1•e to F~xer~iae
Chia a~tic$n athA.d! nat cwt}tote w +s'~ivt?r of the rat to e>~rerc#ae tha ~.rrr.*~ in thr, avrnt =~f R7Y auto-ju~rt
default. In the e~-~xlt of tieftult in the gu-ynzent o this t}ote~, siirl if thc* a.elne is ctzll~~rtPC! by an attc',rrle3-
ttt lau[,the unde~i~neci h~l-et,y ~ree(s~ to gza~ r!-23 coeta~ of collectihn, fnc3uding_s rraxtianlesLle attorney's fee.
I're-aer~tai,~r,t, yrvt~t, arzd a~oti~e ara her+:l~}• wa.ive~d.
., ., ..
•,
Anti shal3 du3y, Arun}jrtly, anti fuIi~• l~erfa-3,1, dltsc:hargt'. t~xr~cate, t=ftc~ct, ct~:iij,let~. a;.d etlrnj->iy with ar,d
sb±de by +~rtch an+i every t le atitiui tiona, aKrs~menta, collditiuns, anti r_c,•:enant~ of ~~tiif ;trc,rltis~ury ntlte
>tnd of this nlc~rt~a~'c*, th~l% thin I~~=~ri~aj~a Alt.3 the ~ot~tt h~r~'by cn•~t.vi sh~l! i#~ase Ali:i !>t~ nu13 an+3 vc,id.
And the mar2ga$ar fllrthrr covPllantA A.4 fa33t)wli:
1. 'ih>3t he w33! j:4ay the irciel>tec~r+~a. ~ h~«~3rli;~~forti~ j}mt•ici~j. f'ri:ile~o> is rt•x:~r.~.-~i to E~~y thN
d~tzt in whole, ar in an a.[ne:lnc equa3 f~= .,;~~ or more mt3rrthly j~.iti°fl~rr+ta can they j~rlrci{~1 that are :iext ciuc•
un the r;otc, c,tl tht~ i~ratt3a}• of sn}• rnunth j>riclr to s7~:lturst~>: !=rl=vi[Ir-t;, hriw~~er, that µ'ritrel; nc,tlr+° of an
intfnti~,r, tc, exerci;u arch j,rivilt°ge is giver; At iea.,lt thirty tsJ) cEApa jtrior tcI prej4tyrltent : Rnti, jiroa~itic~i
f~ariher, that in the evel;t tiltz debt i;r ~ici iII foil trio; tG maturity Ilnti €tt that timt= it i~ ir:gur,_c1 unt3rr
the praviaior,g of thr T3atianAl #it~tlaing Art, he will Tay t=, the mortgngt=e AJI [~=3auStP+j premium chArg,_ ~~f
tine 51~~r crntunl (# !~-) o' the original princi~! Anx?;Int thercc,f, except that in na evc>r:t ~hA3i t31e Rti)siattitf
premium exerr>d fh,~ gregat•^ amount of jlrenllurli Ch1~Fgea which tvc~tllti havt' l;~c>n jiay~at,lc' li the mnri-
ga~~, hli+C# continued tv tie ilrt}ur+s~d ulztii n~t~tur;t~•; aucE? t~y>Yicrit to tx> a;:{,iic-+i l,y thr nlurt~;a~t>> ut~.,n ito
Gl?,1j~dtlait tES tiff C•f't~arA! ##tluLSt?j; L~=!rliT}1!ft'i;tiI?er +~Il &Cft)Ilnt. Cf m+1rt},1i,gE° ifiS:Uri~J2C±'.
2- T}tat, in order rrlcire fsll!}• t1, jsr+,t€~ t the aec:lrfty of thfa morn;age, tt'sc mc~rttt~+~;ur, tog+'ther with,
el;d in Aa:+jitin[1 to, the m+,nthly j>;~cmenG~ utltff r the to--rrra ~f the not,> 3t. ur+~ci hPrF>bt•, ,,It the tint day t~f
each month until the sAiti note is fuii~> j,Aid. ~ai;i ;~iy t., the rrort;tag~-e iht' ft,ifvw~n~ aun,~~
{ca) If this IrertK&K~` alld the nxi+3 nc:tc tie~rure{3 hrrc-tly last' insur~~.i ul~t3t~r tElt' jlr0~'1'St(Ji18 of the
Itiatiol:Iai lir,ufing Act ttr,d xa k+ng ats th+'y ct~ntirtlc• to iu_~ Isn insuead, t?ne-twelfth ('-j r,f tl;f> <lnnuA3
nlastg~e inaurrii,ce presliiurll ft~r t31;• purlx~~e of putt-ng tl:f n:ort~~sgt~ in !undK +kith µi:;i h to t3ix-
fi14I~C th=% 8ftii3 Rli~rtj~'BjTt`E'8 t'i)il?iltiJll tU tfte #•~'d2rA3 iiousing ('omrnlaa-arlt•r fi.ir r'.1t,ttjS~' i' 1I19Ur3tiC't'
ff,rerniurns tiuraua-rat t:a {.tle aj;;:li;t:,~tlif j~ru:•iaiona of the i-atlorlal 3fauaink Aci, AR lu~nenc)Mi.:~nc3 I:t',s~u.
lFit.t,re8 ti:Frt'Ur?dhr; the r.:t~l_tgdgt:a Sl:A3i, Un fhe tQrnllliCitlUri C=a itJi at, 3ljj~taftll t!! }':t~ Ili=JCt~;:i};f' Iil~t1C-
Rnf? j3ri-RtiU1rl$, Eifi(itt t<) th£ F1CC(lUIat c,f the tnurtgagar ~.il ~i~i rtie`pt} rrl;u3e t.Snl3t'r the prt,v191Ul1S of thlK
su!>sc'ctivn Hhich the rnorigagee l?tss r%ot ix~rrsl~%e c~i;3igst•~;~ v:, r>Ay tc, tht~ F'r~der~l 33+~u~.InX C~,[rllni~-
e i,>rler.
f t~; A a!IrII eyuAi to the j;;ou*~ci r+ ntA, if A[ly, nc>x# du:>, fi)u,~ the prcrriiume thin `+ ill Iit>~t tn~car.I-,
sue >ird pstyISh,te ors i~,licies t,f fir. anti =,thrr h/3a~tni inatlrulce co:'erlrlR tits= intirt;~.+y;t•:3 ;ir=e{,+~It, };lua
tsi74E'S lend r;<.aBF~rllent:t nf~xt ?sue tin tilt! 'til+,rt{~Af~t'd pr~,j.t'rt}` (Hsi AR (=!StlnlAtf'ti iii' thf` R:(iltplt~=`?%) ~t>*s-a
all eumx elrea~sy gtzaid therefor dividac3 1,}• the ntl[rltrt:P of niuntft!1 to e3aj,,=s~' t,c•f=+rr• ar;c• ru?rith prior
t{~ th+' r3r-tE ~c•hen >tic3t graanc3 rc•r.t~, premit.rnfi, tAx+~a, €Yrit3 Itage~als:t•nts µ•i11 tic;c,~mt• tit•iir.tlslent, such
E%Ir,1R t[, l}f! !?Yit# Uj rrsUrtjrAgee Ifl tru?t tt, p-`~) ?:ilk j~I`t,UYi~ ri'rlt$, pYt'[Iiillrli5, tAlt'9, Iilti3 ~ji+'CIRI A.S.3t`?~.4-
rfler~ t+..
(c) AtI payrrzF.fitB ntentiot:rd in tiic tart) [~rec>°•3ing aut,.gisilnn>l (if ihi~, j_,ataltrlti,h Aru; A,I t,ay.
inenta io t,e I~%,cd£ url=ier the sole rsc4.1!ri~ci h€~rPhy a}sail 1~ a>=.'<r-d toKetht.'r xnt3 the agkre}tat+= Arl;riunt
the r~,f Igh~3 t:.e g,Aid t,y the rlltrrtgttgi~r Mach In:,nth in a eing3e pRymellt t„ 1:~: ac~j,iir<3 tIy the n:::rt-
ggg~ to tt,e ic~llowing ft{°Ina in the itrr.3i>r c~c±t forih:
1. ,*,rAmiurrl chArgrs under thF' cniratrac£ of intsurarlt:c• ~t-itit tF:%• E't~,ieraii iiousislj; t't,rll-
rY%i~ioner ;
!l, jy`re7t2:t(i Tt'ritA; t~Xf'!S. IL43t'~4.SrIi@ilt~, (irE, Il%td t?tiiPY it,stYttrd jll9liSkitc_:~ prt`:Tllld[[1rS;
IIi. int~*fes€ c;n t3'ie I:~~t+F'_ l~£(:liSi:S_3 l1trF't;y';$1;<l
t~•. t~rnortition of tiie j;rineitai =~f ~i.i l~at~.
Arty det~'iC're~y in tile, s;rnotlni c,f such sifi~E~~ete Inol~titiy ~}'r=+erlt ;=hail, unic~i rits,i+• g,~;*i t,y the
1>itirt~ E•:r yris3r to t.te tiu-@ t#:1tL' t+f t31ts next bilE h ~.a~°mrnt, !•rillAtitiltk` Ali a?Vt'l1t (lf Cit•fAU~Z Ulttjt•r trtlA rtl',rt-
gage. 't.e ItTC+:i.gag~e may rvitttt rx "late rhtsrg+~' not tt, extE~>{i tu•a c~ITt~ (':,~) far ~~arh ~inliar (~1) of
eat: p~yrrlcnt tare t#lan fift+~>rn {t6) T.3tl:ya in airsArss tt} ea~•;3r thts t~?ctra e::pErl~ invc,iti•eci In t,ar,diir:g
de#iPrtl:e:tt ~ym~lzta.
8. '3`t[et ff th•3 tots! cEf the jtayrr,4ants maaxie h~• t}s,I,%ultgagt,r I,r,t3Nr {Fi) r„ ~IrRgreptt N 1)rc°=_'Fiill:~ shell
@xCt~fd thB 1'~.rfl[J?Itlt of g'-~.y1Ti2ntL1 at`tllltii}` mr~d~ Fj t}ie rfla~-tit~'L'~c', fCir gro;.,nd renL?, tASf-A Art ti &.S.~t•£s.~Itit?.t1t8
and frusvrsslt~ prelltiurf:s, a» tht? case rnris t-re. rsu~ ~xtc~8 a3;a31 h,o crt~~iic-c3 t>y the rl~~,rtgag!~ t,; ~ut>aca;t~~t
g~aytxtelrltA i.+33 ~ made by the r1YC,rtar. Tf, hn~tn-er, the monthly payments r:~Ar7t' `_,~ the snartgr~g+~r