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F0~ `/ALUE ~('EIi
YED~ ~O Udt~8171a'A~ pl'OIl'll~(0~ t0 ~7 t0 ' i J L` ~ .
ATICO FINANCIAL CORpORATION ~ • ~ ~ i • .
. . . . . - .
~ a oorporation or~ani~ed a~ extatin~ under ~
the 1~'virs oi Dala~tars , or order; the princip~l aum oi Eightsap thovsit~d ~
~~~~~~~~~~~~w~~~~~~~
tWO hundred aud Iio/`t00 "Do11~ra 18, Z00. 00 with . ~
' interest trom dste at the r~ta ot Five-oDe~'QL18TL'P.~ ~t OBDtWl1 ~ S} 96) per y
` annum on the unpaid balsaoe until psid. . The said principal and interat ahaU be p~yable ~t the o~oe oi
ATICO ~inr
Miam~1,0~0oRriAda~ ~ or atauch pluoe as the "
holder m~y desigaate in writing, in mont~hl,y instaUments o! 0~?a huttdre~ aad 65~ ~
Doilars (i 100.65 commencing on the rirat d~? oi July .1864 . and
on the Rrat dsy of each month thereafter until the priacipal and interest are tully paid, ezcept tlu~t tho flnal ;
p~yment of the entire indebtedn~ea evidenoed herEby. ~f not eooner p~id. shnll bs dne ~nd p~yable ouu the .
? tirst dqy oi J~ .18 94. ~
~ Ii defAUlt be m~de in the pa~,yment of an,y installment uAder thls note aad ii snch dei~ult is not made ,
jood prior to the due date of the next such inatatlment, the ent~re principa~ aum aad soacrued inter~t ahall
. st onoe become due and p~ayable without notice at the on of the holder oi this note. Fhilure to euercise ~
tbis option shall not oonatitute a waiver of the ri~
t~e~cerciae the a~me in the ev~t of any aubseqaeat
deiaul~ In the event af defi~ult in the p~yment o~ this note. aad if the a~me ~s oollected by an attorney -
st law.the undersigned hereby aae+ee{a) to p~y ~Il c~osta af oollection, incindins.a rdisonaWe attorney's iee.
; ~ Preaentmenk protesk aud noHoe ~+e hereby wa~ved. .
. tState Documentary Stamps s~.- ~s .J-_ crottw C3EALL ' :
affixed to original note and ~~a J. Crottq . -
cancelled.~ ~ ~
f : 8 . ' -
~ Nancy M. Crotty ~ ~
~
- And alull du17. P~~r
.~~b P~orn~, diachurgs, execute. eRect, oomplete, snd oanply with snd
sbide by each andev~r~ the atiPul~?tions, a~ree~aet~ts. conditions, and eovenants o! esid note
-~tnd oi this~ mortg~e, tden t6ia mortgag~e and the eatate hereby creat~ed ahull oease and be
np~~uU~ void. - :
~ And the mortgagur lt~rther eovenants as foUows:
~ 1. That he ~1 P4y the indebtednesa, as hereinbefore provided.. Privileg~e is reeerved to p~sy the ~
debt in whole, or in an amount eqnal to ~ne or. more monthly p~?menta on the principal that u~e neut dne
' on the note. on the ttrat d~r oi u~y month prior to maturity: Provided, however. thut written notice .oi an • ~
intention to e~cerciae auch privilege is given at least thirtY (SO) ds~?s PrIor to Pre t: and. Provided ;
further, thst iu the event the debt is paid in iull prior to, maturIty und at that ~is insiued ander -
. the proviaions of the National Honsing Act, he will pay to the mortgag~ee aa ad3uated presaiwn charge ai
~ one per centum (l~}6) of the original principal amouat thereoi. exoept that in no event ahall the adjnated •
preinium exceed the te amount of premium chargea which wonld have beea p~yable if tbe mort-
~g~e had oonttnued to insured until maturitr; such payment bu be appli~d by the mortga~ee upon its
; • obligatioa to the Federal Houaittg Commisaioner on sceo.nnt of mortgase insurance. _
; . .2. Thst, in order more iully to protect th~ secuctty of t~liis mortgage, the taortgugor; to~et6er vvith~
,li
; end in addition to, the menthlyp~m
ents under the tern?s of the note secur~ed hereby. on the first day o! .
~ emr~ch month until tlte said note is fullY Paid. M?~I pay to the mortgag~ee the folbw3ag sutna:
: (a) An Amount au8icient to prnvide the holder hereol~with funds to pay the ne~t mortgsg~e
; inaurance pr~einium if thia inatrument and the note secured hereby are insured, or a monthf,y ct~azge
(in lieu of a mortg~,g~e inaurr.nce preminm) if they are held by the Federal Housina Coinmissioner, . -
t -aa follows: •
,
(t) Ii snd ~01on[ u said note oi a~rea dste ~ud this In~traa~ent ui+e ininred or ua reinsored ~der tbe
- provLions oi the Nationsl Housina Act, an amoanE sutadent L~ aeeumulate in t~e 6and~.oi tbe lalder
~ ~ one (i) mon~th preor to its due date tbe anuusl mortga,~e inwranee premiom, in order to groride ioek _ .
; ~ bolder with iunds to p s meh preaiium to the Fakral Hondna Commiadaner pursuwt to tbs National ,
~ H Act, as am~ed, and spplk~abis Re~ulstions tbareunder; or -
(II~ It iad ~0 i~ iild 7iOt! Ot ~ dite snd tlus inshv~ment are he~d tbe Fedenl Hoosir~ Commit ~
doner, ~ monthly~~~ (in lien oi s mort~aas inwranes prmsina~~ wl~cb aball be in an anwnnt
; _ eqaal to one-twelithh (~is) ai a~e-liali ('K ) P~r eeatam oi t6e w~ess8e ontstandini }~lanoe dus an tM ,
- note Co~apnted witboat takins into aoWUIIt ddinqaendes or P~7~~: .
. (b) A snm equal to the gronnd rents, if any. nest du~ plns the pr~niwna tbat will next beoome r•
dae andpayable on policies of flre and other huard ~nsurance cavering the mortgaged prnperty, ptns
taxea ~nd asseasments next due on the mortgaged pmperty (a11 as ~timated by the mortgagee) leas . -
' s~il sums slready psid thereior divided by the number. ot m~nths to elapse before one month prior ~
, to the dste when auc6 gmund rents, premiums. taues, and asseaamenta will beoome deliaquent, auch ~
swns to be held by mortgagee in tzust to psy aaid ~round rer?ts, Fremiwias. taxes. aud special aseess- t
- menta; and ~ '
~ ~ (ej Atl p~,yments mentioaed in the two pre~eding subsections oi this ~arasraph and all p~y- - -
ments to be m~de under the note secnred bereby ah~ll be udded toreth~r and tbe te ~unount • >
thereoi shall be p~id by the mort,~or each month ia a ain~le p~,yment to be sppli~ the mor~
sa~ee to t!a iolloMrins ite~ns in the arder set iorth: "
. (i) Premioa ehuges wd~r tbs aoetraet oi iswra~es w[th tti Fed~rsi Bo~dat C,an~i~don~r. ae ~aonthi~ `
~ ~r~s (in lien ~ mortsa~e insnnnN premiua~)~ ~s tbs ws nis~ be; 4
` ' (p ponud seota. tases. aa~e~h. ~e~s. aod other ba=ard iawraAa ptwaimqs: ' ~ .
~ ' (ri~ amortisitioaof bi ~ ~ ,
s • • PriAdpa! o~ nid ~ot~.
~ ADr ~~C~eIICy ~II tmOilAt Ot BUCh ~!^~St! QlOQtill~ ~yra~t/~, Iill~{ ~li~! f
OOd bj? ~tA .
f nto prior to the due d~te ot the next wch t, eonstitu~e +~n event of detauk nnder this mort- -
` nartsa~ee a~y a,llect s"lste not to exoeed two ~eats (2~) for esch dollsr
(i6 1) o[
r ~ ~ p~t iaora tlun lliteea (ib) days in artean to oaver t~re estn e~cpen~e involved in sndlins .
delinqneat p~ts. ~ -
~ 3. ~at ii the totai of ttie pa~a~a~b nsade~r the iaortpsor onder ~ ~ b) at para~raph S p~+eoedin~ ~i
" e~coeed the ~mount of t~yme~ts aetuali~r ma~k by the narts~se„ for ~ronad reats. taxe~ and aaewnent~
~ , , ~ .
~ ~ - 90 n?~335
~