HomeMy WebLinkAbout2487 ...V~~?~.w~sr.~~~i~~w~w~+~ti.'~i..~._.+~s~. - '~^1~~~~i~~1 .
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~bR VALU~ ~Y~ ~ Ylll~f~ R~1~M~S~ ~0 p~7 ~0
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• • ~ 1111f30r -
F ~N 4~ Q~ ~Z~Na~ ~ Oi' 0~' ~iY
i • . D~~P~ ~ ~ $t~u?te41s ~1011i~~
Ons ~aads~d aa~d t~o/~00 Doli~rs (i 17.100.00 Mrtth
~ ~ intee~t ~+o~n aste ac tbe r~?te ot ~t.. ~ ona-Qn.rt.r per a~eoaua c s~ r~ ~
annum on the unpai~ bslat~ae nntil p~id. Tlre said princip~l and interest shaU bs p~~yable the o~oe of
; M ~TYCO 1?I~1C`~: CORPO~A?ICli
~ ~ lii+~i l, llo~r`~id`a~~ ~ ar a~ sach other pLoe a~ the
' 'r ~ ~ ~Q ~l Tb01~~1 as~wW~eQ~ W.QQt 0~ 60~W .~..~~w~~~~~~ ,
1 0
2. 6 0 oa. t
h
e A
r
a
t d
a
y o
t Dsotabar .19 ~q. i u n
d
~ at the flrat day of e~cle mo~nt?e therea~iter natil the princip~l and iaterest.are iulb? P~, excePR tbst the flnsl
E; t
h
e en
t
i ~
re e~viaenoea nereby, it nat sooner p~?ia, sh~U r~e ane su~ p~ysWe on ti~s .
; ~o~vdbsr ,1889.
s Ii dei~wlt be taade io the po4ymeut of any inatallment under this note snd ii such detault ia not made
i` + sooa r~or s~ t~e aue a•t~ or c~e next suc~ ~taum~,t, tne ent~e w~~I awm and ~ocrued intereat ahaU
ot ozrce beoorae due and p~,y~ble without notioe at the optioa of the holder oi this note. . FuiluY+e ta exerciae
{ this . a1~aU not oonstitute a wntiver oi ths t to eYereiee tbe aame in the evez~t of any subsequent
~ . detsn
k~In the svent ai default in the p~yineut~thtsnote, sna ii the same is coUected by an stton,ey
'~t hw~the underai~ned herebY atreets) t~ p~,y all oosts oi oollection, includia,~,a rsaso~nab#e ~?ttorney'a fea
P~e+aeatment, I~t+otest. and notioe srs hereby waived. '
; ' af! ix~dDt~
i~nalsno~te~ ~ ~
~ and aanaelled. ~a~a• E. l~forel~nd ~ - - ' +
. ~ _~~'~-L=-Mo_r~lana (3Al?L) •y
~aggy L. Koraland . .
. . -5
,
Jl~d s1ui1 duly. ye'an , and lhlb Perla~t, execate. eSect, canPiete, and oomp~ wlt6 snd
~
a~~~ ~~o~~P~. ~~tione. and co~r~snts o! s~id note
mo~ nrort~a~e the eststs hereby e~tted eh~l~ oease sad be
np~~~ v~o~d.
And fbe mor~or furt6e~ cuve~nts ~s faUo~s: .
1. That he wili p~y the ~ndebtedness, as heretobefore pruvlded. Privtle~+e is reserv~ed ta pa~ the
' debt in whde, or in an ~a~ount eqwl to one or nwr8 monthly p~ymenta on the principrl that are neut dne
on the note, on tLe firat dsy of any month prior to maturity : Provided. ho~vever, tlutt writtea notioe of an ~
intentiou to e:ercise s~ch privilege is givea at leasi thirty (84) days P~' ~ e~ t: and. ProvEded .
fnrt6er. that in the sv~t the debt is p~td in fWt Priar t~! matnrlty itnd at thatp~t~~aia iasu:+ed under ~ r
the i~rovisions of tbe Nat~stl Ha~sing Act, he wiU psy to the mor~taa,~ee an ~nsted pre~qium char~e a~
ons per oent~m (lgb) oi the origin~l principal amount thereof, except th~?t in no event shaII the adjnafsd
pt+emium e~cceed the amount oi prennium charges wbich wonld luve been pa,yaWe if t6e. mor~ ~ -
h~d oontinued toa~~~Insured qnt~l m~turltY: aach pa~ynneat to be.applied by the mortg~gee upo~n ita _
to the FederAl Housing Coinmiasioner va ~ot~ount of mortsa~e inanranoe.
g. Tbst, in order mor8 i~lly to protect tbe aecnrih oi this morts~e. the mortgagor, t~og~ether wI
~ and in sdditfon to, the menthl,y ts under the terms oi the note seau~ed hereby. on the 8rat day~ ,
~e~ch mouth unt~l the aaid note is l~P~sid. M?il1 p~? to the mortgasee the foi~oaing sums: . .
(a) An smount su~ctent bo provide the halder hereoi with tnnda to psy t~e tiest mortgs~e
insurance premiwn If this i~~trun~ent and ~the note aecured hereby are insw~ed, or s monthly charg~e
. (ia lien oi a mort~ag~e insur~noe premiumj ii they are held by the Federal Honaing Commissioner,
. as followe: .
' (t) Ii aad rD 1a~ ~t ~sid note ot erea data snd this in~tenmsat at+s instired or at+s reinsured aadar tbs
. pru~idons o~ t]~e IyTatioaal Ho~in~ Ad. aa unount sadRdeat to aaamdsts in tbe baAds os tbe bolder
_ ane (1) moa~tb psioz to iL dns dste the son~sl mort~a~s inwuaioos P:'emdnm. in order to meh ~
b$olber wtth Innds to pa wdi pre~nium to t6s I~edatsi 8oadn~ C~ammisda0er pnssasst bo ~atio~sl -
. t tu) It snd
w~ pid Aote oi date ~~ib~iashum~t
a~rs
ha~d~b~r tLe Federal Honsiag Commfs-
v~il
~ ane~it~~) ~(~K
rper~o~
~~ra~imn) t~hirb sbW ba in an aaaonnt
_ ucts ~omp~tted witbwrt taldn~ into seeonnt delinqnardes ar prep
~y°A~~~ balanes dne oa t6s ~
(b) A wm equal to ~6e ~ro~md r~ta. if anj?, next dne. plns the p~ni}ima thst wlll next beoane
. dne snd payab~ on pd~ of 8re and other hasard insuranoe covering the mortgaged pmP~Y. Pius -
~ tu~es and assessmenta nest dne on tt?e mortSs,~ed pmperty (all as estimated by t6e mortSsBee) less
all aums already paid therefor divided by the number_ oi nnontha to elspse before one month prior -
t~o the dste when suelt ge+onnd ren
t
4 P
r~ n i
u
m s. tax
e
s. and aa~aen t
s w
i ll b e o o
m e d
e
l i n
q u
e
n
t, s
t~
c
h :
~ wins to be held by mort~a~ee in.trnst to p~y asid ~round rents, P~o~iua~s. tssea. ~uad apecial as~cas. '
' me~ta; aad ~
~ (o) AIl p~yments mentioned in the two preceding wbsections oi this psragnph and all p~y-
t me~ats to be made nnder the note eecured hereby shaU be ~dded to~eth~ and the ~regate amount
~ f thereot ahaU be patd by the mort~a~or aKh nanth in a aingle PsYment to be a,~~'ied by the mort-
. : sa~e. to tb. so0ow~ itMna ia tL. o~ ..t iw rb: .
{ ~ P~~ d~tsas oad~r t~s eoatr~et o[ imarsae~ with tM Fed~rsl Sowias C~oaa~ui~doner. or awutht~ -
1 f a t,ro~r at~ tsaer„ ~
~
sod
~~bsi~~i+a~ias»r~aoe~i
pra
ii~s;
~ • . (n~ i
te~
~
~~red~ ~
a*+Mitd i
a
i ~
AD~ ~~lCy ~D ~@ ~t O~ itiC~l i~l~t~8 AIOp~ ~lD~t i~i~], mi~Y D1~g ~Ippd ~
p~iar to the dne dAte ot the next anch k eo?ns~tnte sa event oi detanlt onder t6L morw
t remo~than~fliteeu i Nlats ~ nat to exa+ed two oeab for each dollar (~l) at
~ f P~t (~r~ d~?s streara t~ ouover the eztts espetue invotved io handt~n~
' ` ~ - a~
.
E. That if ti?e to~l of the paymeats made by the mort~~osr qnder (b) ~ paraQrspb 2 preoedint sha11
~eeed t~ amount ot psYments actually made t~y !he most,~a~ee, for gr~ound reuts. ta~ces and asse~unenb
~ . ~ ~ 102 F~ 87
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