HomeMy WebLinkAbout1935
-~~".....'~"'.
--."" .
~. 47.533
}<Oi. V.u,UB U.lilt:1UYm. ~"~ ~h) t.l,.,.to
1llXa~"~ IMII!Gal8 oc:.r.wt. DO.
. t&~'~JJl'~~""
u......r St...t. of Y10f'14a .w__....~... "-
!hI). uaU\4 aa4 OO/l,oo- .. - - - - ~~.IWI. (J 1.1.000.00). .. .-- ...
dIM !at u.. ~ ~ '1ft . ...... t~ .'" ..... ( , "'. tl) ,. - -- .. ~1V"
~~ iJliUl'~ TN.w =.tIAU'....l.-- ... b-. ......... . At..... fill
· .... ~AIY. DC"
ifi Coral o..b1... 'lort.. ,......................,It.iknlltl..
wriUq, In moathb' lutdnflldiil crt a."en't7 an4 CMV1OO- - .... lh~" leA" ..h
~itqf \)Ii th" ftnt dI.y tJf Jull I t' 62 . ...a 011 u.a ... .. fill ... ~ ....
&fm- until tb@ priedpal ud mtllftllt .. fv:Ir pUll. Ut'liJIP'l that thA 9MI.,.,..t et .. .......1 flr'li 1m Ja I "
m&anc.ed henb)', it DOt ~ PAkt. abU bIl ~ _4""" Cl8 .. nm .. of Iun. , tt9t .
It dciAlt bl!l m.MW in the ~Yrnlllllt of u:r ~t ~ tb.i.l '.-.eM '-)1"- ~_ fa.....
rood prior w th~ dtM ~ 01 the nat ~ ~_ .. MAti.N priaei;;l- .. 1111 Ill' ItI i rlllt ...
at. (li~ l~~ du.! and ~ ..i~t ~ G tho.,.. fJ'l u-... ~ ot dUe 1lOt& ~.. ..a1BI
tMi (;ptiotl l\hAll oot N:lC5titut~ a .1PlI!dY@f at tIM ritIllt t.o e.-..a.w. u;.. ..... ~ eveat tIl .,......a.t
d.fault. In th~ e',.tmt Q1 default U'l tb.t> ~t ttl tbit ~ aDd It the.... !oil _&.nod bt -......,
at ~w, th(' undfrsl~ hel'tby ~(~) to pay iii eoIitI t4. ~, blr:~.. .....~ .....,.... -.
l~ulrn(>ut; r~f')teat. ~ n.oUc.\1 Art! r.~rebl wAived.
...
~ r. i. UCI (31'1', n ..
j.ll_Q~CJLL,-_lu1;z:'..____-,-,~---
Charla. x. N&&ll" '
. I. . - ' ,
If}.i,-~~<:t .1:: l~ ~--,--~~---~~.
.. --.-. .~.....~_ .-...-.~__ ___ '.'~.7~_-"'___.~_.__;"''' ...~---~-----.........,,,..,,
And $h&ll duly. promptly, ~d f~Hy t.~rflJrm. dl~h.fF" e.x~tt. effect, CQm~te,lilld rorop!y ..Un aad
ahltl~ by uch and eVt:ry th~ ~t.pu!fttl(;M. &iT~mf'n~, ~<)ndtt!On.B. and oo\"eN&.!1~ of ~d p~'ry 'DOte
l\rsd or thi.tl. rnortRage, th@o lhIlJ fjlortg-age And the (~tate M-~by t;~too f.haJl e~e and be nulJ and void,
AlHl th~ murtS-A.gor further COVt"uaol& U (OU(1';H: ,
1. 'that he wi!! pay the indt'b~ft1fleu, M he-N'inl~hre lm,-.vidtd. .Prlv!:~'ge i.ll re~1Yed ti. pay th4J
dt-bt in whol{<, or In fin "mount t>qlial to one ot m{'nt! monthly pIilynwnt.; 00 t.he prindp.6..! that &t~ Mxt dUi;!
on the lwte, on UH' f\rtit day of ~ny mOt'.lh pdo}' to maturity: Provided, hOWC'wH, thAt 'Vl'l'1tUn n,qt~ of An
int~mtlon to t'Xcn:ik such pri..il~t' iA (fiver. at .~ut thirty (30) OaYl'\ prior to prepaym~nt; and. ~
further, that in tht) ev~nt the ddlt i~ i}.liid in full prior v:; maturity And at that time it 13 iMurOO under
the pruvi1i>ions of the Nt.l.tion~l Hpuhing Act, he w!il l''>8)'' to thE;> mortf,~ ~i aJJUlt<<l pr-emJ1J:m r;n.up of
Ofif! j:.~r centum (I ')..~) of th" original prindp4lJ ;U1'iOUllt th~ft'()f, ~Xt'E'pt that in no ~Hmt &h..All the tidjl.Ult.fl
pft'mium fcx('t'f~l tho i\.ffirflr~te a;n'Jtmt ...1 pl't!mium ehAt'1l" whkh _ooId h.avt' l~n p*r.l~. If t.h~ mort-
pre had continued to be immrcd until m~turit)<; ~u{'h p.tlYffiil'flt to ~ ftppUM by the mortf':Al'et> tlJ:!QD ita
obligation to the Fedu1ll Housing CQmm~ioner on s("(:ounl of llwrtl'li.fte i,nJ!uftl,!)c'(',
2. That, In ord~f mort' fully t.) prot<<t ll'1t> iM'Curity o! ihia m{)rtB&g~, th~ m()l'"tjll\j\'f, t.opUurr with,
!Ud in ftddition tJ), the n:-!onthly paY'.,:{'rll.t;, UHdt'T the tenn., 01 th~ notti ~~ure;.~ h~~by, 011 the tint dA..y of
t-.aeh month until the u.td note 1M (Ull!' p~id, will pay l.., tM l"aQrl~ th~ !~)I}QWlng "un~:
(a) li thj~ rnortgage and the s~ld fH;tii ~ur~i h~~..JY are in8\!rOO undt'f th{l provtl'!itmlO of th~
Nati(-'fiB.! Houl\.in~ Ad a,nd M long M th~y continue to be !!.!) lM!JrM, NH',twelfth (I.j ,j or the -.niW.u
morll(lllft~ inlll.irlm0e premium tor th~ put1i'_-&t! u! p\.ittil1j:' th<: m(Jrtg~ge<e in lund. w:tll whkh tl:' dJ>}-
(:harge the Mid rnottra~~'1I (~blig1\tion to tlw l'€'th:r-Al Hnu.Ilinf C(,mmIMiNl.;>r for niort~g'" in~u~
pn:miutlis put~uant h the t\ppli('~hle i'ru~'bdon5 of the National HO\J!llr.r Act, M a..l'fi~ndNl. and R~~-
l~tjonJ therEunder; the fllort)fi;~~ h.f1 f(.li , 01.1 the t.JJTfiln&tion of it:; ;;bli,g~tiGn to ~"''t;: mortg-ag€ inJiul"-
ilHC(- PH'm. !lUl!\~, cr~it to tilt, &(COimt of th:: mortgai';;l all {.~r1tH"nt-<1 m~!! uf.1d<Jl' the ft'O\ii~.h.n'! of thi$
SlJbs~I,lo)n .....hich the m~lrtj(&ioo haa nvt 1.>e(:(.ltlH.' oblt,pt<<l l,(1 lJQY t.o the .1' ed..~ h!-'U3Wg C<.ttntrl1lt-
s i(Hl~~r,
(?}) A Bum "qual t/.) tiw gTvund rent~ jf lW;'. next dui'.'. Flu~ the p~iil[rU) \h~t win fwd lle<:X);fi~
aue- and fl.'\yaHe on f'(Jlld~ of f1T(~ and oth~r h.~rd in~Url't.flc(j cO'>t'rioK Hit' murt~l\g~d prof..:rty, ~.lu!t
t.t\,1H'-8 and &~MHit'nt~ ne~t duf' (In th~ m(>ng1l~ Ptl"J~rty fll! M ~timst~fl by thl" rnMtgl\g~) k-'$6
all HUM Rl!"t'iidy paid thl'ft:+.! dividf><i bj' the hUtli4o.>r of m(;nth3 tJ) >:,!aPM' bdore one month priOl
to thf d,!I,tt:' wh~n such i'NI,ll1d ft'nUl, pN'iniutnfi, U.<r.M, i'md a81\t"~.!HfH>nt.. will t>("\."(.me d;-;l.hqutint. ~'.lCh
III1!n!! to hE' ht'Jd OJ mortw<>~t{~ in tr\lbt to pay ~d frr(;und r('1)t,~, premium", taxe:i., anr\ l'>)<<i.a1I\IttM.
m"nt3.
(e) All paymf'litA nlf<nttol1ed in the tWil pfe>.:t:<cing lilUr..'itS.'tlO!l! of I.hi~ p,ilr~n~ph llwl ~J1I'~Y'
nwnu to toe, m&diJ ~i:j.d(!(, th,e n(t~~ ~urt'<1 her'E'iJy ~l;aH, t~ a4J,,,,,J ~H~tbU and thil ~ir~l~t" s.mii\11;\t
th~f't.,(.t eJud Ij{> p.glll by t.n~ lin)(tgi'gQf t".&::h i'Wlnth ill lil. llwgh'" f..HY!lH,'nt to he apph~1 hy th~ rnQrt~
g~ioo tQ th~ f(lU~Jwillg lhmu in the ordl:T s.€t torth:
L vrtmiuf!! dt~rgi'$ tinder Hii' CQl1tuct of ln~l!nmce ..dth ths f'ed~~;i!l Houalol CGm.
nlt$~fon~r ;
1I. g-n;.unJ r-entil. t~~('1'l. 5!N\.'2t'....~.;;;~ftt$, (lft1. And otJi.~r hu.ard h.~i.ln,m:.;. ~nh!!JU;
m, inteH~t ()n tb~ note $(:'!';uf{;d hHtb.Y: ~nd
tv, <l,moriil-"i.ti'.m o~ the prindpRl of fi.3hl noh'.
Any r1i31kknt;Y in H)i; ~,m0;.$nt vI ~Udl It<~~rf~1l3ta Hionthl! plyrn~l1t 9<J.iail, tmi;:j;,;;. miJ..:J(' ~?;\<j by th~
mo.rt..{t~.r prior to t.1H) diJ:~ d..n.~ d HH; liW<. t. iHH:h P#lfl.H:nt, Ci>iliiftltlJt(' an F....ent of.dda,;a Ulldt'f UWI tn<rrt...
ir~g~, Th~ mGr-~~..",~ lUJ)' ('(!H~~.t a U~t,o dMirgtj" tlot to e",.c..,d tWi1 ~llt" (let) for ~:h (kl!.ar Ul) d
ul'h p~Yfl~,-,nt mor.; WAIl !U't{~n (1~) dA)'5 in .\i.rr.;.>iWi to CQver the .;:J.tN. f!~l<eJ:L% inlf;::,;..-ed b h;tt\~1Hn~'
dclbi{tllmt P.1\).1'l>m~. -.
8. That if th" ti}t~l i)f UH~ p.a;mwf,b TnJi?d., by the HF'rtit~~')!' ,!.;nd~r (b) ,}f ~U\T~riiph ;.; If("';;:.fdin~ ~,h;\l.ll
(!:t.(~ the amount cf pI!YHlNiU. ~ctulJJi>. 2lUf'rt) by ~~.~ m~:t'ti'~,{" f(;~- Jivund r~tA, ta,1(~ &J:1Q ~Mk7;~Ls
and h~\.H~n~ pl't'miuma, u thf.' (M~ m.;y l~, #tleh ~>'z~ .~aU i~ I'f%itt;;.j hy th~ m';.rtg~ on "'UbM"'J-.t~~
f4.}'tDWUl v..:; tifj m!l.de b)' th~ mGttt't~~l'. If. t'illw~v~r, U1~ monthly pll)'m.<:nt~ !n,,-Lk b~r the ro,~<rt~