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Home My WebLink About2620 ~`7M ? ~ - ~ _ _ ~ ~ _ ' - .riN$4 i {L.i l: ~ t! ji~iC~J.M \ t , ' • ' ' ~ ! ~ ~.c, 3~.n • St f . . I+bR~Vnt.US R~cslvsu. the underei~ned pro~niae(s) to p~y to . , UNITBD MORTG~lGBS SSRVICIN~3 CORP. ~ . . ' ' ~ - : ~ ~ oorpor~?tion or~ni~ed'~ad euiatins under ~ the law~ oi the State of New York ~ or order. the principal swn oi Sight T'houeand Six Sundred Fi~ty and no/100------------ Dolt~ra 6, 650.00 with inter~st iro~a date at the rate oi Five and one-fourth per oentwn ( 5~ 96) per . ~1'1DWq OQ ~l@ U11~~d ~~II08 ItA~I j1~If~. The aaid princi{ul ~nd iaterest shsll be p~yable at the o~oe oi ~ United Mortqane~fig~r?~aci~~ c~i;~~l'f rginiapacifie Avenue , or at such other pl~?oe as the holder mqy deai~nate in writing, in monthly in~tallments oi Forty Seven and 83/100------- ~ : Dollars 47.83 oonamencing on the flrat ciay o! Qetober ~ 18~4 ~ u~d : on the flrst day of each Yaonth thereafter until the principal and Iatereat sre iuUy paid, exoept that the flnal i payment of the entire indebtednesa evidenced hereby. ii not eooner p~tid. shap be dne aad p~ysble on the ~ ~ fii~at day otSeptember .19 94. . ' ~ Ii default be made in the paymeat oi any instsllment under thia note and if such defautt ~s not made ~ood prior to the due date oi the next such tnstallment, the entIre princ~pu~ sum and aocrued interest ahsU st once beoome due and paynble without notice st the option of the holder oi thia note. Failwre to exercise ~ ' thia option ahall not oonstitute a waiver of the ri ht to exeraise the same ia the event of any sub~equent I ` defaulk In the event af default in the payment o~ this note. and if the aame ia oallected by an attorney ~ ' at Iav~t, the uAdersigned herebY sSree (s) to p~,y all coata oi collection, includin~ a i~easonab~e s?ttorney'a tee. ! ` ~ Presentmenk protest, snd notioe are hereby waived. ! ! ; s/ Velma Harris i~$g,~a) + ~ • ~1EI~ HARRIS ~ ~ ; ~T DoCt)~s~rrrnnY ~ ~ ; ~t~s artacx~ ro otucutu ~ ~ 310~TS lIND CANCELLED i i And sl~il da1Y. P~omp~y. snd lnl~? I~erlurm. dtsclurQe, ezecute, eSect. oompiete. aad ooznply with snd ~ wbide by each and eve r~ymt~?e stipulationa, agreements. conditaona. and oovensnta oi said promiseor~r note s and of thia mortgag~ then this mortgage and the eatate hereby created ahaU 'ceaae and be null uid void. _ . ; ~ Aad the mortg~,gor fwrther covenunts aa followa: ' ; • 1. ~u?t he will pay the indebtedness, as hereinbefore pmvided. Prlvilege is reserved to pa,y the ~ debt in whole, or in an amount equai to one or more monthly p~,ynnenta on the principal,that sre Aext due ~ j _ on the note, on the flrat day of any month prior to maturity: Provided, however. that wrltten aotice o! an = ~ intention to ~e~cercise auch privilege is Qiven at least thirty (80) days prIor to p~e ent; and, provided ~ lurther. that in the evebt the debt is patd in tuU prior to, maturlty snd at ths~t e it is inaured nnder ' t6e provisiona of the National Housing Act, he will p~y to .the mortgagee an adjuated premium chatge af , ~ one per centum (igb) of the originai principal amanat thereof, except thst in no event 8hall the ~usted ~ j premium excseed the te amount of premiwn charges which would have beea payable if the mort- ~ gage had coatinued to insured until maturity; such payment to be applied by the mortgagee upon its # obligation to the Federal Housing Commiseioner on e~ocbunt of mortgage inauranee. _ ; 2. That, in order more fuUy to protect the securtty oi this mortgage, the mortgagor, tagether v~?ith~ j ~nd in addition to, the monthly pa~ments under the tenris of the note securEd hereby, on the Sret de~y of ~ each month until the said note is fuUy p~aid, wiU pay to the mortgagee the iollo wing sums: (a) An amount su~cient to provide the holder hereof with fands tfl pay the next moi~tgag~e ~ inaurance premium if thia instrument and the note aecured hereby are insured. or a monthiy charg~e ' aa followa a mortgag~e ~naurance premiumj if they are held by the Federat Housing Commiasioner. _ (r) If aad io long as said note ot evete date snd tbis inslrumeat ~?rs inwred or ue reinsnred nnder tt?s provisioai of the Natlon~l Howing Aek an amount s~Bc[ent to soeumulate ia the handi oi !be lalder one (1) nanth prior to ib dne date the sanual mo inwran~oe preminm. in o~+der topru~ide meh . bolder with innds to pay aueh premium to the FederRl~iu[ns Cowmiaioner pnrsuant to ti~e National ~ Ho~sin Aet, u aabnded, aad spplieable Regulationa tbareunder; or (u) I! and ~o~ng aa asid note ot eren date snd tlus inshvment sre heW bv tbe Feder~l8ousing Cominis- aioner. ~ awnti?1y (in lieu of a mortgage insnrunes pr~oiua) wliich shall be in an amonnt . equal to one-twelftb~(~sj o! one-lult ('K ) Per oentarn ot tbe sver~ge ontstandina bslanoe dns on tbe ~ note oompntcd writbont taking into aoeount ddinqnencies or P~Y~v: ~ (b) A sum equal to the ground rents, if any. next due, plua the pi~eminms that will n~t be~me ~ dne and payable on poUcies of tlre and other hazard insurance eovering the mortgaged prnperty, pius t~xea and assessments next due on the mortgaged property (a11 as estirnated by the tnortgagee) leas alt suma atready paid therefor divided by the number. of muntha to elapse before one month prior to the date when such gmound~renta, premiuma, taxes, and assesaments will beoome delinquent, such suma to be held by mortgagee in trust to pay said ground renta, premiuma. taxea, and speciat assess- ~ . ments; ~nd ~ . (c) AU payments mentioned in the t~vo preceding subsectiona o! thia psragraph and sll pay- - meats to be msde un@er tha note secur~ed herEby shall be added to~ether and the te ~nount ' thereo! shall be paid by the mortgag~r each month in a~e p~rment to be app 'A~ the n~rt- gagee to the following items in the order act forth: ~ (t) Pre~niwn ehasges ander t1~e coa~traet oi fawrai?es with the Feder~l Honsiat Coo~ar. or a~t~lt . ' eba (in lieu ot moitgsge insaru~ priu?inm), as tbe a~e may be; . (u) ~t~enta, taze~. a~ts. Se'e. and otber hwrd insunnoe praa~inm~; ~ ~m3 tereat on the nots seeured herebY, aad . t~' (tr amorti~sti~ of the prtneipal oi s~id note. ' ~ Any delkiency in the amount o~ such aggregate monthly ~yment ah~ll, unleas made geod by the rnort~a~or prior to the due date of the ~ next such pa}rment~ oonatitute an event oi default under ttds mortr Tks mortgsgee may culiect a"tste charg~e' not to ezc~eed two cents (2~) !or esch dolLr al ~ p~yment more thsn ftit~a (16j dsya in arreara to cover the eutra espense involved in hsndlin~ delinqnent payments. ~ " 8. T~at ii the total oi the pxymenta made by the nwrtgaQor nnder (b) oi psragraph 2 pi~ecedin~ sball - exeeed the ~nount of vayments actwlly made by the mortgagee. for p~ra~nd renb. taxea and ~neab ~ ~ ~b~~ ~~i~ ~ C7 . 0 - ~:~:p~ . -