HomeMy WebLinkAbout1937 ~ . . ~ . . -l..
. . . ' ' i ~ ~ ~
PbR VALUi R~(~iYE~, ~i! u1Id0I'a~,pl~ P!'OIpI80 (S) ~ Pfi,~? t0 ' T ~ ~
. _
• UNITSD 1~lO~L'rQJlG88 SSRVIC~ DORP. ' 7•.0~,,.,~~;~
uE ~:.j,lc:l~ ;i:,3 Z~:~~• .~T' . - , .:l~:f. ~ .
• - - . . -'i _ : . , ; E' ;~~i_ . . . • . ~ OO~~~OL Ol'~i11;~.iDd O~Da IID~lY'
tbe I~Nrs oi ~tew York . or order~ the prtncipat sum of $leven T'housand
Fouic aundred:F~~ty '~`~icicl`~no/lOb ~ , . . ~1~ (i 11,450.00 = ).~ith
~ ; ~iitereet froia dat8 at the r~tb-bi~ giv ~ ~ ~ , o
~"q
-fQ ' ' . : ~ P~' oentw~a. t . 5 9~> P~'
~:~utnum. oa !he unFald b4litnce.
iwt~1 pa~d.;~e su~! pr~nc~ip~snd interest ahall be pay~ble st ~ odfoe of
, . . , - ; • ; UDIITSD MOR'l~(3~iGBE~ SSRVICINa OORP. - 702 Duke $treet
i ~ : ~ ~ in Dtorfolk, ~ Vfrqinia ~ ~ . ~ or ~t anch~ plaoe as the
holder ayy ~i~ut~ in ~rritin~. in nanthly instsltments oi 8 ixty: - three aad , 3 1Q0 ;
Dollird (i 63.32 oammencint on the Wrat da,~r oi June ~ 1964 . uid
;on the flrat d~,y oi ~ch inoath~tker~fter uatil the princip~l and interest ue fu11y Asfd. except tLt~t the flnsl ~
. payn~at oi .the entire ~iAdd~tednees evtdenoed henb~. i! not sooaer p~id,, shaU be dne und p~,yable on tAe
.flrst ~1? ~ . - lrl~ay : _ ;19 94 . , • : . . . ; .
t . ~ . . - . ' ~ ~
If deiault be msde i~i .the ~p~yment oi iu~,y inatillment uader this note t?ad if aucir defiWt is no~ nude
•~ood Prior to the due di~te af the next seich inatallment, the entire PrJnciPa~.aum and aocrued intereat sh~ll
at~onoe beoo~me dne a~ p~yab,e without notke~at'the option oi the ~?older of this note. F~ilure to exerciee
this~~ shall not cwastitute i~ waiver ot the t to exercise the wne in t6e.event.ot s
' deist~k In the eveat af defaWt in the ~ ~ ~Y n~u~t
payn~ent o tbis note, ~nd ii the sune ia oollected by an attorney
~ ,st lsvi?~ the w~derai=ned hereby ~rce (s)' to pa~y ~11 oasta oi oollectiun, includin~ a reasonable sttorney's tee.
~ P~~, and notice ae+e hereb~ wsived. . . . . , . . . . .
~t/~.,,Rr~~„r~e lrl; 7 1 r (Se8?1) -
, x~~s~tAT ~octt~t~~Y B UCB 1?• 1rlILZSR
i . ~'A~'~ bTlACHED TO OAIOiI~Il1L g~ R~1~.~• 1~1~ 17
A,~iF (3ea7 1
; ~ xozs u~ c~u~rc~u RUTH R. ~T*~.~
~ And a~ult dnl~. Pe+ooi . and tnDY P~a~, a~art~ ~ffect. oomP~ete. ~ canply wlth and
i and cd this mo~ t6en~this
m~o
~ns. ~r+e~ts` oonditions, and covenants os sai~i note
~i~!'~, rtSage and the estste her~eby cre~ted shall aease aad be aull void.
; Md the mortpycur fnrth~ covelun4 as iolbwrs: i
` 1. Tbat he wil! p~? the indebt~dnesa, as hereinbefore provided. Prlvlle~e is reserved to p~y the
! debt iq whole, or in sn ainoun! equal to one or nare monthly payments on t6e
~ on the note, on the first d~y of any month prior to mstwrlty: Provi t,~hat~wrItten notic~
oi an I
` intention to exercise anch nvil is ven at least however~
~ F . . ~ ~ ~Y ~YS P~' ~ P~p~ t; and. provided I
, inrther, ttu~t in tbe event the debt is p~d in iull prlor to, mat~rity uid~at that .t~me it~ia insured under.
' ~ t6e provisions of the Nstional Housing Act~ he w~71 paq t~ the mo ~
• a?e per oentam (1qb) of the original princi ~ ~ ~ ~
p~s1 amount thereof, excep~ tbst in no event shall the adjnated
premium exceed tl?e ~r~egute amount oi premium e '
g~ge had oontinned to ~harg~a which would have been p~yable ii the mort-
; ~be insw~ed unta'1 maturlh~; ~ch PaYment~to be applied by the mortgagee npon its
; obligation to the Federal Hou~iag Goaimisaioner on ~ooonnt ot nart~ag~e insaranoe.
, ~ 2. Tbat, in order more fi~Uy to pi+utect the seeurity of this mort~ag~e. the martgag~or~ together ~vlth~
. and in addition to, the menthlypaymen ts under the tern~s of the note secw~d hereby. on the 8rat da,y o!
. each mo~th until We said not~ is fully p~id, will pa,y to the mortgagee the follo~vin~ aums:
+ - (a) An amo~nt su~cient to provide the ~iolder 6ereof with funds to pay the nent mo~tgage .
insurance premium i~ #his instrument snd the note aecured hereby are insured. or a monthiy charge
! fotlows:"'h01~'naura~~e pre~~y ~t ~ey are beia ~y t~e Feaerai xousing eo~esione~.
i (t) I! and s~ lo~ si asid aote ot erm date aud this indiva~t u+s i~nred os ars rellunred ~der tlie
protidoas of tbe Natianal Hondna Ad. wu amoant aieient to wa~wmn4te in tbe bands of the boldcr
t ' hddsr with iands to ta its due dste tbe amna! nartsais inwraaoe pr~a~ium, in onier to proride weh .
pa meh pr~oaima to tbe Fedanl Hondns Commirioner pnrwant to tlre Nstionsl
{ H Ae~ as s~d. and ~ppikabis tbe~dsr• or
(n) It aad~a ss said note oi erm date anda~~indrum~t are ~e~d tbe Federal H
. - aioaer. s mon no e~ia iku oi a mort~a~ in~r~s pr~in~~ w1~ s~sU ba~~an
a~moont
e4aa1 to ~~~~t~ftk~j of o~e-~aK ('1!e ) per ow~m oi tbe arera~e outataAdins b~Lu?es dos oa the
r . ~~o~pnted witboat ta~n~ fab aeeonnt d~inqo~d~ or Pr~p?~v:
(b~ A am equsl to the ~e+ound rents. ii snp. next due..plna the preiniums that will next beoane
; dne snd p~yable on policies oi flr+e and other hasard insuranoe eoverin~ the mortgaged property, pius
' taxes aud assesaments nett dne on the mortgagedp Pei'tY (aD aa eati~ted by the mortgagee) leas
; all sanns already paid therefor divided by the n~mber_ of montl~s to elspse beiore one month prior
a,arto .the dste ~vhen such grouud reats. Premiums. taxes. and,~saesainents wiU beoome d aen such
• , suina to~~~b)e ]ield 4; mort~a?~ee. in tryst to ~sy said ge±ound refits, Preqiipms. t~uces, ~na
s~l~eciul a~ssess:
` 1J.7/..'a~~Vaa~~i{lY - ~ ~t . ~lj~ ~ e: j.~..~' . .:i:::.t} . ta~ l~ „ . . . . ~
i . I , ~ ; , . . ~ . . . _ , . `
~ ' ~ 8,~~ct . (~j ~ - i•
e~
~nb ment~aned .in..the~ two preceding an~ections` of ~his pzragr~pb..ena a11 p~i~ji=
'm~nts to' be n~~de unde'r=tbe note ~secured herebY sha11 be added tog~etheir sad the te a~oaount
' t6ereoi sbial~ ~'p4id by'the mort~or e~ch ~ month~ in a~ sin~le p~ynn~t ta be appli~ tLe:mort-
~~ee to the iol3owina items.in:ths•o:+~•~et: iorths
T (t) Pre~nimw ebaieas n~wMr Wi'e6at~iet~aL iwnra~dis~itk=tba ~ederat 8o~da~ C4~daner. or moatbl~
; ~ l~e° mo:taas'° jawra~w~ premiaim), ~s tbe ws ma~ b;
aw
~~s~s. ~b? llrs. aad otbes Lss~rd insonnee praqinms;
; • (tu~ terest oa Aots ~eeored liere~?; ltud
, ~,~~,~,<<~,~.~. ,.:.4r• ~ r,~~,?p«?~r u» ~p•? ~ n~~ noce.
j pcr~tAn~r ~lici~cy in the.amount oi snch agae+egste monthl~ e~t shaU~ nnlers ta~de ~ood b~? the . .
~ p~Or to the d~e d~te of the next ~~:h pp~?menk a~u? event oi deisWt ~der thi~ mo~ •
. ss~i~e.~~e ~mortia~ee nw? collect s"lite tr$@r' not to esoeed t~?o eents (2~) ior`'eich'diuUar (~1 'oi
~ each p~meat more thso !liteea (ib) da,ys in atrears to eo~ver t6~e extra expea~e involved in huid~fn~
d~liwr..+...t ~ ~ i , : = f' 'i ! i \ t : Ff~Y
wsaw~~aws 1~ ~.~c i~ e i. S...I 7~~
~ a. ~.t if the t~ta~ o~ the p~ym~a made by tt~e ~ost~ nnaer ~b~ ot pua~r,?ph S rn~ain~.l~?n
~ '
e
s
o e
e
d: t~
e;~ n
t?
u n
t o
i p
s
y
men
t
s i
c t
w
l ly t
n s
d e by t
he mo r t~
s
a
e
e, for groun
d ren
t
s. t
a xes sn
d aseeaameab
k ~ ~ . ~ . ~ ~ ~a~~ ~ 86 13fi ~
~ ~