HomeMy WebLinkAbout0541 w.• : ` • ; . .?.Y: 5.s
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l~olt V~?1.us R~oc~tvsa th~e undetai~ndd P~ (~I ~ F~J~ ~o • . . ~ - ~ ; ~ , ° ~ , ~ ~
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` . ~ . Filt~r_.• aad ~0/100 • _ - _ ~ - - - Do1L~rs 9, 050. 00 . rrith
~ tatarat iraa date at the s~te oi l~ive and ~one~fourth ----pe~' aa?timp ( 5~ 'Xr) per
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~ ~ited Mortgagee Servicinq Corp., 3204 P~tcif~c l~venu~ ~
~ 1 in Virginia Beaeh, Virqinia ~ ~ ct~ at anch other plsa ~s the ~
: ~ : , hold~ ayy designate in wstttn~ ia mo~th~jr ias~enb of P'ifty an~ OS/100 - - - - - - - ; ` ~
i Ilottars (i 50.05 aoa,menc!»~ oa the &~t dy? ~Tavember . i~ 64. and !
on tha lirst d~y of e~ch awutb thar~tter nntil the prtncipal snd inte~eii ars iuU,y P~id. a~ooept that the !liul ;
pnyrasnL oi the entir8 ipdebtedness evide~roed hei+ebY. ii uat sooner ~p~id. at~all be dae and p~U?abZe on the ~
~ ~ Arat d~r of Oetober - .18 ~ • . - - ~
. ii dei~?alt be nude iA t6a p~yme~t o! an~r inst~lmeat nnder this no~e, and ii wch dafiwlt is tat~
:~~+ood prtor Zo tb?e due dste oi the next ~uch inst~llmeat, the entire prtncip~! aum and aoMVed intet~t shatt ~
~ ~?t onoe 6eoame due snd p~yabk Mrithout pot~os ~t the . tion of the hdder oi this note. Failnre to esee+cise
tWs shall not constitute a w~iver at the~ t~o eserdae the wne in the ervent ot ~ua~y subsequent
. .~~a
k~~~
e event o~
dei~ult in the ~~t
o~' this no#~e. snd if the samq ia oollectsd by an sttorne~r -
~c. ~ Y~m( ? I~,Y coata ot a~llect~oa, indod~n~a re~soosbie atborae~t?'a tae.
. - Preeent~ent~ PY'otest, and nottoe ~uc+a hereby waived. .
. ~ - S( Phi l? 3,pt. ~t. ~ sk~v_, t w?r.1 ~ ,
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. . _ . ~Y j.~,K:wrr.rY....Y lt. I.AG'K8Y
. . l~eana. ~tsr~ao ro o~ua~u,~~' ~ ~~ts MAS I~?ct~r
. ~t ~oss ~wo c~~aa.r,a~ . . • - , -
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~ . , s6ids ewc,~ ~s~ ~st~s, ~~tioos, a~'ad oo~'venants~~
s~id ~note -
. : and a~~ m~ourtra~ th~ ~his mort~~e sad the e~tsts hsreby cra?ted sti~~U oe~se and bs nnII v~oid.
And the nra?rt,pt+or lqrther oov~ena~b as toUows: - ~
- I. Thst he w?iII pq the ~ndebtedness, as bere3abetors p~+ov3ded. Privik~s is rd~nrod to py t6e . .
debt ia whol~ o~ in ~n ~nount eqaal to o~e or more mon p~yments on the p~.ip~l that ars ne~ct dne
~ on the n~ts, on the i~rat d~y oi aoy m~th prio~ to n~stn~rlty: lwwever. dut wrtttsn notire a~ an •
inteatton to ex~erci~e sudt privite~e is ~Iven at le~st tliirt~? (80j d~U!+~ P~~ ~ t: aad. P~v~ded
~ iarther, tl~t In the eveat the debt is pa~ in iuU W~or tR mstaurlt~? snd st thatp~~~is insured tmsier
: the pa~ovisions o~ tbe Nstio~al Hoosins Act, hs ~rill paT to the mortp~ee an ad,~a~ted p~reniqm ~e a~
~ - . one per oentum (iq6) oi the ori~im~l PrindPd amouat thereoi, ex~oept thnt in oo ev~ot sbstt the ~nsted
h ~ u
pe~emitmn eseeed the e~sts ~tmount o# pr~niuuu~ ~har~es which wauld bave been pyrab~e if the mor~
had continaed~to~be insured until ~rltT; such p~rme~t to be~spQtied bj? th'e nn~rt~a~ee opo~ its
~t~an to t~1?e Federal Hoiutiaa C'ommissioner ot~ ~ooount oi matt4s~e imaranoe.
~ 2 Ths~~ order more iuDy to p~+ot~ect t6e sewdtp ~ tl~s nw~rt~, the mortt~oi'. tog~et~r
~ ' e~ircah~mo~n~ natil~t~
s~id ~ is p~iid.~w~ p~a~,y
~
motrt~s the~to~Uo~~s~n~ms~e &st dyr~
• p~~ .
(a) An ~naount aul8cient to provtde tbe holde~ hereot ~vith #a~a to p~y the nest ~oo~t~s _
insuranoe pre~nium if thi,s inatrumeat und the not~ secured hereby sre inanred, or a mon cbar~+e
(in lieu of a mort~tg~e insura~roe Pre~ium) ii t6~Y are h~ld by tbe Fede~l Housin~ .
~ as iollovva : - .
~I~ p~~~
tb
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t~o ae~
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a~ot ~id
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aas (ij moa~tk prbr to its dw dnte tiM a~aaii iesur~a~w~sp~ mtom, ta otder to ~ro~rids ~aeh ~
- botdsr with [ands tops~ web premiaa~ ta t1H Fledaors~owint comraia~to~~z pa,rwsant to tu~ Nstioaal ' '
u
~ H~l?et, as a~a~d, ud ap~~
bL a~u~os~ tbti+wad~r• ~
n) u~d a y s~id sot~ al s~n ~sd ia~tra~ma~t sr~ l~d t1~e Fed~ral 8wo~ Coesm4. -
. ~io~sr. ~ ~V i~ oi a ~o~tp~ ~ra~ea pr~siua~ wK~ ~aU b in ta a~o~t .
. ~ t+o aa~~
t) oZ one-Lalt ) Psr eeatmr? a~~ ~~rsr~t'e ~ b~laaa das aa tb~
. ~Pn~ ~ ~ ~ ~a;
, ' ~ ~ A ~ ~lii~ ~il'i ~ tl~Ot~Dd 2+eflti. ~ ~Y• ~ ~@i ~Y ~l! Al~l~nlYld ~t ~ 11~ ~OOlfle . -
~ ~~8 OD ~~C~t OZ ~ ~T11~ a~f~' ~1~iliri~ ~OVBT~b~' ~ m0lt~~ pr0~l~~
~ _ . t~ ~t a~ a, ~ ~,o~cs~a c~n ~~a b, c~ ~~cg.a«3'~
, . all snms slready pe~i~d th~r~for divided by. the nwm~~montb~s ta s4tpse betore one month prior
: ta the date whea snch ~ronnd r~nb. p~+em~~m~s, taxe0. snd ssses~ts wiU beoome deliaqueak suclt
: ioms to be held by mort~agee in trnst to pyr asid ~+ound rents, Pr~imas, t~ucea. snd special are~s-
, , menta; snd .
(e) AH psyments mentloned in the two preuedi,~ anb~ect~oos, o! this
~p~r~raPh snd aD pw?
~ ~ ma~ats to bs ma~de ~dec the nots sewred ~y sb~ll be aclded to~+etb~ r~d the p amonnt ~
tL~i+eoi shsA be paid b~r tbe mo~a~+o~ ~eich -manth in s sinsk. p~ytnant to bs sp!p~l~~tl~e mo~t~
~ . j ~a,~ee tat6s io6owlnt itema io ths ordet sek tort6: . -
" y (~j Pr~a d~sr~es ~r t6~ eoatraet d iawraoe~ w[tla ti~ pbd~rtl S .
~ e~ (in.Nea at p °!~t t7o~ersiNia~re~. ot aoethl~
; ~nort~ae~. imaran.. ~~I. a. ti. arw ~ass ~e1
tp ~~~M? ~t+, 4ee. aad otl~rr h~ard iawsaai~ l~~f
. ' . . • ~ (m atereR ow aot~ aeeor~d 6er~ : aad -
~ r~: r {n aa~cr~tioa oi t~ p:tweipat o~'ssi~ aot~.
. ~ ~ ~ ` Atl7 ~ fD ~8 i~At O~ sqC~l AIOD~/ ~t' l~i~ 11hk~ ~e ~OOd b'! ~ '
prtor to t~?e aue d~te o! the ae~ct snch ent, aonsatate an eve~t oi defanlt ande~r this mort•
d fanlt ~ .
. ~-`~y,~a.~~ mort~a'~ee au~ oolleet a"Iste db~~nat to e~coeed two ce~t t~) io~ e~ dollar (~1 0[
e~eb p~prm~t aaore tbsa ilitsen "<16~ d~?S in arre~ra to co~ver t~ eo~a ea~e i~vo~rod iu hao~~
. ' dafsquent P~Jrment~. ~ ~ ~ ~ .
. a. ~ x t~ t~.~ ~r t~ ~.r,~a~ t~ t~~rts.~~ nn~a~r ~e~ ~~q~ ~~.a~r.~,at
; ~~eeed tbe amamt ot p~yments ~ctually made r the mort~a~ee. for lp~w1 reaq. #a~c~s ~nd aae~b ,
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