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!bt VALVS R~t~~ ~lN on~dee'ati11ld pl~omiN ~t) b0 py ~ : ; . • : . . . ~ .
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AT3C0 lII1Al~CIAL COltPORA'1`IOl1 ~ ~ ~ . • . ~ ' 1
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. tlw Lw~ o~ ~ Osla`r~ra ~ ~ ~a~ ~ ~ ~ • ~
•avsa hv~dt~d aad lio/~00 . or or~er. t~e ~~~7
Q~.~OOtaa~a ~t~~ ~ud
intet+est i~aaA dats at the rate o~t ~ _ ceatmn
l~iv~a ona qnartar ~ ( S} ~
aanwn on t~he nnpaid b~lanos untU paid. Tha a~d prL~cipal aud intArest abaU be p~yable ~?t tt~e d$oe oi '
~
ATICOin~-1i~~~ or a~N . or ~t snch utlrer pliroe as the ,
~ ~ dedsnate in writin~ in ~ insG?llm at]t, Ss
~ and 88/'10 8 64--and•• ~
(i 97 .88 ~ ~u? a~ Y . .
on the ltrst dyr ot euh month thereatter until ttre principal and interest ~urs fu11,y p~tid. e~ooept that tbe l~n~l ~
. ~ p~eaent oi the enttra indebtedneas evtdenoed hereby. ii noR sooaar paid. shall be dae ~nd p~ysWs o~ t~s (
lirst d~r ot Aprii .19 94 .
I! deiadlt be ma~de ia the peUrment oi ao~r instaltment unde~r this no aad ii sucb detault is not msde .
tood prior to the due dite oi the nsxt wch inst~Umeut, the e~atirs p~ctp~ sun~ and ~ocrued interest shall .
, a! aoos beooms due and pyrsbie Mrlthout botioe at the o~tion oi the hoWer oi thls nota- Failure to eserc~ias i
. this=o~ioa s6all not ~oostitnte a Mraiver o! the rl~ht to Ncenise the saine in the ava~nt oi aoy aabsequant ~ +
~ def n1t~. Ia the evaut of defauit ia the p~t oi t6i+s note. and i! the same ia oollected by an attorney
, at btw.rb~e nndersi~ned herebi ~tiree(s) to p~~? a11 ooab oi' oollection, i~~cludin~a reaso~ble attorney's iee.
Pswantma~n~ Pt'otest. snd notioe are hereby wid~ed. ' .
~ (3tata Doctim~entary Stasp~ ~ q~ ~a~s x_ ~a¦a¦ ,[s~_Y ~
a!lixeei to~ origiaal note J~mes R. Zl~oa~• . - _
and aancelled.) _ - ~
` Vir~iaia D. ?ho~• , [s~)
. . virginia D. Thos~s ~ .
A~d sbaQ doi,y. .
p~ aedlY~ mrt~o~m. d~ar~e. ezea~t~ eSect. comPiete. and oampi~? wit4 and ,
~bideb~ e~~eh and a~ipnlst~ioo~. ~ne~t~ oonditions, and oove~nb ot add pe+o~nieeor~r note
~ 1~nd a~ t6is mo~pi,Ny~ t6is moet~e and t6e estate h~reby ce+eated shaQ oe~ee and.be nnll and void.
Aod the mo~~t~o~ fnrtl~er ao~unts as iolb~rs:
L That Ls ~rIIl ppr the indebt~ednees. as hereinbe~fore pe+onridea. P'rivjlete b resa~ved to py? the -
• debt in whole. or ia sn amouot eqnal to ~e or more moathbr pe~rn~ts on the principal tbat ai+e nest due
on d?e nate. on the lirst d~y c~ sny naath prlaar to maturit,9: Provided, bowevsr. that wr3tte~ n~toe oi an
• int~t~ou to e~cercLe snch privile~e is glvea st least t6irt,Y (~0) days l~rlor to e~ t; and. provided .
lorther, tbat in the ev~t the debt is p~id in tnlt prlor tq matarlty sod st thapt ti~is insnred imder
~ the p~+ovisions c~ the Nationsl Honsins Act. be will psy to the mort~s an adjusted premjwn ch~rae oi ~
one pe~ oent~mn (196) of t6e orI~insl PrinciPsl amouat there~i. ezcept t6at in no event shall the adjnsted ' ~
~um ex~oeed thea~s
te amonat of premium chargea which w~ould hsve been pi?yab~e i! the mort-
~e ha~d oontinned to be insured tmt~ mnturits; atych p~yn~t to be applied by the naoztg.~gee upo~ its .
. obligation to the Federal Housin~ Comwissioner on ~ocount oi mort~g~e insuranoe.
2 in ord~r more iulbr to D~tect th~ secu~ity of this mort~~e, the mo~rtt~ag~or. }ugath~r vv~th~
mo
~ and in addt to, t~ menthl~ ~en
ts nnder the terrma ot the ~te secured hereby. on the firat d~y oi ~
esch month ant~! the asid note isR~~ll,~r padd, will pa~y t~ the aart~agee the lolbwing swns :
(a) An snannt snfllcieaot to provide the holder hereo! with tunds to pay ~E n~act ms,r*.~e ~ -
insuranoe presnimn if this insdru~a~ent and the note secured hereby are inwrpd. ur ~t rnon charge .
~ (in liea oi a mortga,g~e insnranoe premium) it they are held by ti~e Federal 8~using oner,
aa follo~vs: - .
• (i) Ii aod so bat as sdd sote ~ e~ date aAd t1~Is ia~trn~t sr~ insnra! or sr~ ~red ~ tbt ~ .
. pmtbions ot ~e Nstionsl 8ondaa Aet, ~n amoont sn~ident to sawmnlats in tM l~a~is o~ tl~ holdet
a~ (i) ssoathp~or to its dne date tLe snuo~tmor~s~e toaaranos p~ninny in onkr top~o~ide sneb .
. $
drr wi~l~
to~
~preaainm ta ths Fedaral-H~lCooa~oAer pnrsaant ~o tM Nstfonsl~ '
(aj u and~ as ntd aote oi e.~~~ ~$~~~t ars l~d tl~e Federal8o~ t~om~-
- daner. s moa _ (iA lie~u oi a mortss~s ia~wrane~ praainw~ wbkh shall be ia ~n amooat .
e~l tu ao~t~
(~j oi oaaDali ( ifi ) Per em~n o! tbe srers~e o~ndtn~ 6ak.ses dos o~ t6s .
nots eospa~ed wit6odt taldqs ~to a~eoant deli~q~de~ o~ prepqme~b; •
~ ~(b) s ann eqnal !o the sronna renta ii arU?. next au~ rlns the pr~nianu thac wnl ne~ct b«~oms :
n ~ ~
, dos and ~vabls oft pdicies of lire and other hssard insuranos ooverL~g the mortS~g?~1 P~'oUertY. P~w
~ ta~c~ea atnd a~nwts ne:t dne o~ the nartsased property (a1t as eatinnated by the nwrtgage~) lea '
- a11 sams atra~dy p~td theretor divided by the number. oi months to elapse beiore one month prior
to the dsbe when ancb tronnd ~ re~ta, P~iums, ta~cea. ~x1 aasesaments wIll beoome delinquent, auclt
sunns to be hekl by a?ort~sree ia trust to pay said ~round reats. Premiums, tazes. and special asaess-
. ' meats; and y
~ m~ati t~o be n~~ the~se
nred
h° P~~~ ~sections o! this psra~raph snd su psy.
erebY ahsll be added torether and tbe te amount
th~»o~ sbaU b~ ~d b~? tL~ aart[~t~' ~ah nnonth in a sin~ p~o~ut to b~ agp~~~ tb~ ~aort.
. sates to the foUQwint itea~ io tbe order aet iorth: . -
~ ' , h~ P~~ tLs eowtsset a~ ~nsntstie~ ~ritA tM F~detal Ho~ui~ C~oa~ia~ioace. ot ~soatl~l~ .
. ~ ~ tti ~~r~at~ta~. ~
~
aAd
o~
r~~j~is~id~ia~nr~ane~s
pr~i~s=i~larf " ~ -
~ . . . . . ~ . (m aeaR ow aaa ..ew+.d ie~b~; .nia - ~ -
: - , ~it , ae4o~tio~? a~ ta p:i~dpal at ssid : - - - -
~ - . A~ ~elfiC~ ~D t}le ~DOUtit O~ sriCll ~t! tq0~~~t i~i~ pp1aY D1~! ~ippd ~ ~!A , ~ ~
: a~~e~parior to the dus dste of t4e next anch k oons tnte an event of defanlt under this ~ort~ ' ~
co
~a~. mortiatee msY co~kct a"lste nat to esoeed two cents t~) tor e~eh dolLur (=i ot
' e~ch pymre~t awrs tlun ~(16) daya in asr+ears to co~ver the eoctta e~cpeass involved in ~ f
~ d~~ P,U'~~ ,
• T6at i! the total oi the pa,ymea4 made by the mort~~oar under (b) o! para~raph 8 precedin,t dull :
a~osed the snaunt oi psynkats actnally msde by the mort~a~ee. tor ~roand t+ents, ts~ces uid a~s~nb ~
; abR~ ~ . ZQ .
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