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Home My WebLink About2292 _ S . r ~ . Pb1t Vi?~.Ug Rac6~vau. the uaderei~aed promtse(s) to P~Y ~ ~TICO FINAI~IQ~AI. CORPORATIOTI . a corpontion or~nised aad e~ciating under the 4?ws oi Delavara' . ~ or order. the principsl awn oi Tsleve~ thousand ' six huttdred and No/100 ---------------------nollara (i 11,600.00 with ; interest irom datc at the rate of Five-one-quarter per centum ( 5} 96 ) per ~ annum on the unpaid balance uz?til paid. The eaid principal and intereat shall be pay~ble at the o~oe of ATICO FINANCI~LC ~~P0R~1~Q or at auch other 4toe ~us the ~ in ~iiBIIli 1 ~ Flor~d8 , P . holder mey designate in writing. in monthly inatsllmenta oi Sixty iotu' and LS/100 ; Dollara 64.15 ~~8 on the flrat dsy oi Ma?y .19 64 , and ` on the first day of each month therernafter until the principsl snd interest are fuUy ps~id. esoept that the flnal , p~maent of the entire indebtednesa evidenoed hereby~ ii not aooner p~id, shall be dne uid p~tyable on the ' 8i~at day of ppr il .19 94 ~ If default be made in the payment of any inatallment under this nate and if such default is not nwde ` ,~ood prior tct the dete date of the next euch instAllment, the entire princip~ aum ~nd aocrued interest ahsil ~ at once become due and payable without notice at the option of the holder of this note. Failure to exercise this optlon shall not oonstitute a waiver of thengh t to exerciae the aame in the eveat of any subsequent ~ defaulk In the event of default in the payment of thia note, snd if the same is collected by an attorney i st law, the underaigned hereby agree (s) to pay all ooats of oollection. includin~s reasonable attorney's fee. ~ Presentment, pmteak and notioe are hereby waived. ~ I (3tete Documentary Stamps g~ i~telvin F_ .rahgm (BEAL) affixed to c~~iginal note and Melvin E. Graham cancelled. ) ~1 p~c~8 s. craham s.s~~ ~ . ~ Daris S. Graham And ah~11 d~?. P~~~Y, ~a ~Y P~o~, execute. eSect, oomplete, snd aomply wlth and abide by ea~ch aad every e atipulationa. ag~ments. oonditiona, and eovenanta of said promissory nots and of thia mortga8e, tlien this mortgag~e snd the eatate hereby created shaU ceaae and be null and void. And the mort~sgor further covenants as follows : 1. That he aill pay the indebtedneas, as hereinbefore provided. Privilege is reaerved to p$y t6e debt in whole, or in sn amownt equal to one or more month~y payments on the principal that are nest dne on the note. on the tirst d~,Y of any month prior to maturity: Provided, however~ that written notice oi an inteation to exercise such privilege is given at least thirty (SO) dsya prior to pre~mprmeat; and. provided . fnrther, that in the event the debt ia paid in fu~1 prior to, maturity and at that time it is iasured under the provisions o! the National Housing Act. be w~l pay to the mortgag~ee aa adjusted pre~nium charBe of ~ one per centum (196) of the original principat aritount thereoi, except that in no event ahall the adjuated : preminm exceed the ~gregate amount of premium char~gea which would hsve beea payable if the treott- gsg~e had continued toa be insured unta'1 maturity; anch payment to be applied by the mortgagee upon its _ obligation to the Federal Hoasing Commisaioner on socount of mortgsge insurance. 2 That, in order more f~lly to protect t6e secnrity of this mortgage. the mortgagor, together with, and in addition to, the menthly paymenta under the terms of the note aecured hereby. on the first day oi ea~ch month unt~ the said note ia fuUy paid, wi71 pay to t6e mortgagee the foUowing swna: (a) An amount au~cient to prnvide the holder hereof wit~ ~nnda to psy the ~neut mortgag~e irisurance premium if this inatrument and the note secured her~by are inaured, or a monthly charg~e (in lieu of a mortgage insurance premium) if they are held by the Federal Houaing Conamissioner. aa follows : - Tr .na su bu~ .s saia n~e oi e~a, a.te ana this instrament sse in.area or ,?re rainsnrea m~der the ~ pt~sions of tLe National 8onsina Aek an amoant s~eient to a~otumnlste in tbe hsnds of tlee holder one (i) maith prior to ita due date the annnal raortaaas inaurame preminm, in order to provide sncb holder with tands to pay s~neh premiam to the Federal Sonsins Coamaiaiouer pnraaaut to the National • Honaing Act, ss aaiaWed. and applieabls Re~lations there~nder; or (n) If snd ~u buu6 aa said note oi evea dste at?d this instrument are held bZ? the Fedenl Honsina Commis- ; aioner, s monthly el~sr~e (in lien ot a mortg~ae insuranee preaaioa~) wlueh stull be in an smonnt - equsl to one twelith (~f s) oi one-haif ('ifi ) Per oentnm oi the sverag~c ontatandin6 balanee dus on tLe - note oompnted witbout taldns into aooount ddinq~eneies or Prepspments: (b) A sum equal to the ground renta, i! any, next due, plna the premiums that will next beoome ; dne and payable on policiea of flre and other hazard inaurance oovering the mortgaged property, plua - t~ucea and assessments next due on the raortgaged pmperty (all as estimated by the mortgagee) lesa all sums already paid therefor divided bq the number. of m~ntha to elapee before one month prior to the dste when such SY'ound renta, premiwns, taxes, and assessments will become delinquent, such " sums to be held by mortga,gee in tniat to pay said ground renta, premiuais, taxea, and special saeess- menta; aad (e) AIIpa~? ta mentioned in the two preceding sabsections oi this paragraph and all pay- ments to be n~ade u~nder the note secured hereby ahall be added together and the te ~nwunt ~ thereof ahall be paid by the mortgag~or each month in a aingle p~ayment to be spp~ the mor~ gagee to the iollowing items in the order set forth: ~ (z) pre~ninm eiurg~es nnder tba eo~ntraet of inmranee with tLe Federal Hondna Coa~sioner. or nanthl~ ehar~e (in Uea a? mortgsge in~nranM pt+~ninm), as the eus may be: (II) smund r~ta. tasd, aoe~ents. Are. and ~l~er harsrd insnz~noe premium~; ` (ut) interait on the nots ~eenred lureby; and ' ~ (n) amortisstion oi ibe prineipal 02 aid note. t An~? de}kiency in the amount oi such aggregate monthly ~yment shaU~ nnless made g~ood by the morlt~~prlor to the due date of the next auch ps~rment, oonst~tute an event of delault nnder this mort- ~ mortgig~ee msy culie~t s"late charg~e not to exceed two ceuta (2~) for each dollar (~1) at : e,~~ch p~,yment more than 8iteen (ib) dsys in urears to eover the e~ctra ea~pease involved in handlin~ ~ delinquent psyments. ~ ¢ S. Thst i! the tot~l o! the payments made by the mortgagor nnder (b) of paragraph 2 preoeding sh~~ll ~ eaceeed the amount of wyments actwlly made by the mortQagee. for ~e+o~nd rents. t~xes and assea~ar~enb ~ , ~ 4 ~ ~ ~ ~~R~ - 8z 3~s s . ~ ~ ~ _ ~ . .