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Fat Vu.vs x~vao. the underat~?ed proanise(s) to wu? ~o -
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' ATICO FINANOIAL CO~PO[tATI0~1 • ~ ~ - - ~ - . ~ -
, a oorpotation org~nised aad exiatin~ u~der :
. the lawa oi Delav~uc't . or order. the principnl sum oi Ninataen thouaand ~
t~ro hundred and No/~100 --------------•------Do11~ra (i 19,200.00 ).with ~
interee! iro~a date at the rate oi F~va ~ ona-quarter Pet' oe~?tum ( S~ '1b~ P~ !
annum on the uAp~id b~l~cs antil patd. The e~id principsl and interest shall be p~yable at the o~oe oi ~
1
ATICO F~NANCIAL CORPORATION ~ t
° ~Ii i 1 gl o~.iaa , or at auch other plsce as the
holder m~y designate in wribn~~n nwn~hU?~ins~lTmments oi Ona hut?dred oix attd 18/J.00 ~
Dollara 106.18 ooammencin8 on the flrat ds~*•oi Julq .18 64 ~ and ~
on the flrst day of each month thereafter until the prlncipal and intere4t are ful~y pa~d. exoept tha?t the flnal
payment of the entire indebt~dne~s evidenoed hereby. ii not sooner patd. sb~aU be ~ne snd p~y~bte on the
i tii~at d~y oi Jtme ~ 1~4. .
~
~ ~ Ii default be made in the p~U?ment oi aay inatallment under thia note and ii sucb deiuult ia not made ~ 4
~ood prior to the due date of the next such inst~llmen~ the eutire prlnctp~ swn ~nd aacrued interest ahaD ; !
~ st once become due and p~,yubte without notice at the option oi the holder of thla note. Failare to exercise :
f thia option ahall not oonatitute s waiver of the ~t to exerciae the same in the event of ~oy aubsequent ;
defaulk In the event of default ~~e P~Yment o this note, and if the aame is collected bq an attorney ±
at law, the underaigaed herebY agree(s) to pay all ~ta o! oollectioa, includin~. a r~sonable sttorney's fee.
Presentanent, proteat, and notice are hereby w~ivecL -
_ .
~ (State ~Documentary Stamps ~ r~~ra_ c~ol~~~ ~'-!~t-) ~
affixed to original note Jerre Ward Colem~an o
. .
and catacelled . ) ~ ~
• sj ~an~ Sm~.th Cq.leman (SF.AL)
~ Jane Smith Coleman ~~t
. =r
And shaII dnUr, ~r. snd ialb*~ Ikrtorm, disct?~rge. execute. e~ect. oo~nPlete. and comp~,y wlth snd
; abide by each and evpe~rythe sLipulutiona, agreements. conditions, and~ oovenants oi eaid promissor~ aobe .
~nd of thi~ mortgage, then tbia mortgage aad the eatate bereby c~st~d shall o~e and be null and void. i
And the mortgag~or fnrther coveaants as follaws: .
1. Thst he w~l p~,y the indebtedneas. as hereinbefore provided. Privilege ia reserved to p~y the ,
debt in wholg, or in an amount equal to one or more inonthly p~yments on the princip~al that are next due
on the note, on the ftrat day of at~y month prior to maturity : Provided, however, that written notice of an . _
' intention to eacercise auch privilege is given at least thirty (30) dsYs Prior to prepaymeat: aad, Provided
farther, th~?t in the event the debt ia paid in full prior to, matnrlty and at that time it. ia insured tmder ';cl
the pr~viaions of the National Housing Act, he will pa~y to the mortgagee an a
d,
jns
t
e
d premium c
h a
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g~
e o
i
one per centum (196) of the original principal amount thereof. except thst ia no event ahall the ad~u~ted -
premium exceed the te amount of pr~mium chargea which wonld have been p~qyable if the mort-
~ ga~e had continued to insured until matunt3•; stlch p~ayment to be api~lied by the mortgag~ee apoa its :
obligataon to the Federal Housing Commissioner oa so~ount af mortgage inaura~ce. _ - - - - - : -
2 Tt~at, in order more iully to protect the aecurlty oi thia mortgage. the a?orEgagor. tog~ether wI
~ and in addition to, the moat,~il,ypaym ents under the terms oi the note secured her8by, on the ftrst day~
; es?ch month until the aaid note ia fully p~id, will p~y to the mortgxg~ee the ioUowi.na aums: .
(a) An amount su8icient to pmvide the holder hereof with fanda to pay the ne~ct ntert8s8'e
insurance pr~mium if thi.s instrument and the note secured hereby are inaured, or s monthty char8~e
(in lieu of a mortgag~e insurance pr~miwn) i! they are held by t~e Federal Houai'ng Cono~missioner,
- aa follows: ' ~ -
~p) I! snd so 3oma as said note oi ~ren date sAd this insd~nadmt are insnred or us reinsared m~der the - .
pro~isioni of the Nstional Aonsing Aet. an aawant su~eien! t~ aoeumnlate in t1~e lsands o~ tUe hold~r ~l
one (1) nauth pr[or to ib dne ds~te the sannal mortgage iaa~ranoe preminan. in order to pro~Ide ~ach
lwlder with fands to pa7 s_neh pramium to the Federal Soosins Co~rimisaio~er pnisuant to tbe Idatioul
8ousing Aet, ss am~rdea. and spplicable Re~ulsti~s thereondes; or
(~t) Ii and ~u 3ona es said note of even date sud th~s instrument srs held b~r t1~e Federal Hondna t7oenmit
~ . sioner. s monthly ehsrge (in ikn oi s mortgafte insnrsnee premiuan) wliieb ahi~ll be in an anna~nat
equd to o~-twelith ai o~rbalt (~1~i j Per oaitam oi ths s~era~e ont~adina balanae dns an t~s „
note e~?pnted v?ithout takin8 into aoeoant ddjnqueneies or prep~~menh;
(b} A anm equal to the ground rents. if any, next due..plus the praniwns that vifil-next became
dne and payable on policies of 8re and other hazard insuranoe oovering the mortgaged property. plus . ;
taxes and aaaesarneata next due on the mortgaged praperty (all aa esti~nated by the mortgagee) less
. u11 sums already paid therefor divided by the number. of months to elapse before one month prior
~ to the dste when sucL ground repts. Preminms, taxea, and aaseasmeats wiU beoome delinquent, such
~ awns to be held by mort~a,qee ia trust tfl p~ay said graund renta. Premiums. t~uces. ~ad apecial aaseas' .
• ments; and ~ . . ~
(a) AD P~aYments mentioned in the two precedtn~ anb~ecNons oi thia psragnph and all p~r- '
ments to be made under the note secured hereby shaU be ulded together u1d the te amwint ~
thereoi shall be paid by tha mortgag~or each awnth in • aingk p~yment to be the mort-
g~gee to the foUearia~ items in the order set iorth: ~ .
(t) Pre~niam charses nnder tbs eo~tnet oi iusursaas witb tbs Federat Hoodn~ Caa~niadoaer, o~ awnthb .
~ - ebar~s (ia lieo o~ sartaa~e insannN pr~aiom). as t6e e~ss ms~ be; .
' (u)~eo
nnd~~,~, taxes. a~neat~;1lrs. and otlier l~asard inwranee premipms: -
: (ril) intet+est on tLe t~ote seented hereDy: and . - .
(n?) anarti~tdon ot tLe pr[ndpal oi ssid no~ta. •
- A~r de8ciency in the amount oi such aggregste monthlypa
ymeat ahall, nnlees made g~ood by th! ~
mo r prior to the due dste of the~neact such pa~nnent, eunatib~te an event oi defsult nnder thie martr
~he mort~agee m~? cnllect a~ate chsrge not to exoced tao cents ~2~) for essh dollar oi
a~~ch p~yment more thaii flftaen (ib) ds3?a in srrears to caver the extra expense involved in hanaung
ddinqnent p~U?ments.
8. 77ut ii the total ot the p~yments made by themortgsg~or nnder (b) oi paragraDh 8 pr~eoeding sbaU
t.~ceed tt?e saaount oi psyments actually made by the mortgsgee. for Rt~ound rents. taacea and ssses~vnents
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