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lba Vnt.vs R~t~trr~ t!~ ard~nit'~ ~ D+1y ~a ,
~ Y8~'1'IS'~~ D?11Ix. ~ C~1Z
' ~ . a~ eo~po~atio~ o~pnhed nnd ~tins nnder
~ _a_~irs hw~ ai 8bat~ ot/
~F1AS/~~3.ds , ar o~der. the parlye~dpal a~m ai - - • • - - ~ - .
! ~ ~ ~ ^,~~I w ~ • ~ ~ • r Y ~ • S r ~ YY~' ~~Y
~ ~31~'~L ~i'01!! ~~Q ~t ~ 1"i~ 0~ ~h ~ OQ!•=dt1Y`~l p(!! Oe1t~ ~ ~ ) p~' ~ ~
} annum oa t!w unpdd b~Lnos nnti~ p~id. Z1re ~aid prtnci~l at~ interest shal! be p~j?able st the o~oe oi i
; . ~ ~~'r~~~ds C~oYir at sud? o~er plaoe ss the
lw~lar m~,y desi~to ia wrtti~ in a~antbly in~linnenb o~4 SEY~TTr~i d~ 42/100
~ nol~a» (i 7?•42 coa,?~tt a? the Arst day ai 1~IL . Ye g5 . aad
# . on the ltrst day of e~ch month ~ until the pri~cip~l s~ inte~r~est aee lb11n P~id. e~coept tiu~t the iltul F~
~ P~Y~t af t~6we eaitire iddebtednees ervldenced hereby, ii not eo~oaer psid„ siuU be dae and pa~bk on the
; ~ t~~st day o! ~uRCH - . ~e 95•
' ~ I! defanlt be msde in the paymetit of any inatallmaat under this ~te snd if such defaul~ :a twt made ~
~
; ~ood Pe'ior ta the due dste of the naxt a~h InsG~ltrne~t, the entire pr~cip~ aum and accrued interest shall ~
p at onoe bsoo~ d~ ~d p~yable withaat twtice st the option of the hirider of tbis nota Failure to exercise
` ~ thisop
t~n shaD not constitute s waiver of the ri~ht to exer~cise the W?me in the event oi any subsequent '
? detsult, In the ~t of default in the p~,yment of thi~r nate, t~ed if the aa~ne ia ooltected by an xttorney =
~t law, the underaisned her~ebY a~ree to pay s!1 costs of coUection, inrluc3ia~ s r~easonaWe attorney's fee. '
Prasent~aenk prof~esk ~ notioe ~re hereby ~valv~ed. ~
' Joh~i 8+o~ert Cra, }
.i o~n tsp oerti v-ra~.g ' ~
#
_ ;
~ ~s/~ Cat'het~ine A. G~sig ~
- , ~ ~ne A: .T`~'rs`ig z
~ _
~
And th~~ll dnl~?. ~~p~r.~d itirt~' p~fa~m. disehRr~e. execnt~r. e~iect. oaalalet~ aad co~mply wltb a~d '
~bide b~ eidt aa~1, t~e-sti c m
pu1~?tioo0. ~ts. ~nditioas, ~nd coven~nta o~ ssid p~~ ~te
rmd ~ai thi~s mort~~s,~ this nwrt,~?~e and the estste hcretiy cr~st,~d sball cerrse ~ad ~e null void.
Ar~l the nwrt~r ia~rther cave~nb as idb~rs: -
1. That he wi)1 py the i~bt~dness, as hereinbetors pY+ovidai. Privile~e is reeerved to psg the '
debt in ~av~wie, or in an a~wunt eqaal to one or more mnnthIy pa~ymentu otr the principai that are nezt dae
. on the not~, on the iirst day at any tno~th priar to auturity: Proridad~ IlON?1eVP.Y'~ that ~vritten aatice o! an ~
. intention to eterci~e wch privile~e is ~ive~ a~t Icast thirty (SO) daya Arior fifl Arep~ynzent: ~nd. Provided ~
fnrther. thy?t in the e~v~ent the debt ia paid in iull prior ~o, matarity snd at tb~t tirr~e it is inaured under " s
tbe provisions a! the Natiansi Honsiit?~ Act, he will psy ta the mort~ng~ee an adjnsted premium chaag~e of
. oae per oentnm (1~6j oi the ori~iast principal smawt Lhereoi, eu~ept that ia no e~?ent ahsU the adjuate~i ~
preminm esaed the~t~eg te arnount of premium char~ea which wonld have been p~ynble if the mor~ '
had continned to be ina~ured until maturit~~ ; anch psyment to be spplied by the mortgagee npon its ~
~tion to the Fadenl Honsing Gammi~ucianer an wcaunt of martg~e inannnce. _ '
2 Thst, in order more fuliy to protect thc security oi this mortgug~e, the mortgagor, to~ether with,
and In addiit~on ta. the menthly p~~menta under the ternia of the note secured hereby, on the firat day of
e~h nanth u~ntil the aaid i~ote is iully paid, w~71 p~ ta the imart~gee the follawin~ su~ns:
(a) An amonnt au~cient to prnvide the holder hereoi with lnnds to ~ay the next moi~tgagp .
insurance premittm ii thia inatrument and the note aecured ~+ereby at+~ insured. ar s monthiq charge
(ia lieu of a mortgagse insur~nce premium) i~ they ar~e hel@ by the Faiieral Hou~ing Co~nmie~siot~er,
~ ,aa #ollowa : .
. (i) 1i and ~o la~ u sRid nola of even dst+e and tbia ins~rent ~re inwred or are ninsnred under ti~e
; proridwu al tlwe Natiaaa18ew3nic ~k +ra +~nouat ~afRcieat to ~iocamnlate in the haads of t~e hoMer
one (1) ~oa~th grior to ita dne data tbe aannal most~+~ ina~ranoe preminm, in order to prov~ide mc}~
holdes witL innds to pr swd~ preminm to the Federal euiwia~ Conma~itric~es pnrsuant to t}?e Nstionsl
Honain~ A~, as an~d, wad appiiesbts A~~~nlst~ss therenader; or
~ (n) If aud w wn~~ ~s asW note oi e~n d~t+e sed instr~neat ars heM b~ tbe Fe~eral i3on~dus C~nmi~-
rtoner, a mo~ ~y (in lien oi a murtgr~e imarance pramiua?) wfiieh ahatl be in ~a aawnat
eqaal 'to ane-twaltt~~j ot a~e-halt ('b 3 P~r o~atmn oi the sver~s ont~rta~sdln~ bnlu?ce due on the
aote eo~apated ~rithont takinr into anooant delinqoendes or piePt?ymeats:
; (b) A aum equal tti the ~rcwnd rentu. i! anY. next dae, plus the pr+~miums that will next b~e
. dne ~nd p~,yabie on pdicie~ oi ftre ~tnd other i~as~rd insar~nce covering the mortgaged propert~?~ plus
ta~cea swd asse~ssments ~ext due on the mortgaged property (st11 as e$timated by the mortgagee) less
~ wms ~y pa~3d thcrefar divided by the a~nber. oi mcrntha to elap~ee before one month prior
to the d~te rvhen such ~r~ouad reata, premiuma~ taxea. and asae~sments wiU became delinquent, such
sua~s to be hdd by morEgaaee in trust to pay eaid graund ~+ents. pr~em~uma, taieea4 and special aasesa-
mentas; an~d
1 • (c) AH p~ymenta mentionad in the hvo precedi~ subsections of thf~? pus~raph au~d all pa~.
n~t~ to tse ma~de under the note aecured hereby shall be ~cided to~g~ether aad the te utwunt
~ Lhnreat sh~U be pdd by th~ ~a~~or each month ia a ain¢s paymaat to be ~?ppli~ the mortA
~a~e,e to t6~e ioilawiu~ it~ems in the or~er aet iorth :
ti) P~ma e6ar~+es aadar ths oonkract of IASarRnot wit~ td~ Federal Hondnr Caa~mi~? or mo~nthlr -
` (ia Han ad mostr~ insnrate~e~prenQium) ~ as t~a dus may be;
Y i ~i~ t~e~~` #~1 atber ha~csrd in~orr~ae praminmr;
(iv~ a~nor~t~oa o~ psi~~
eip~sl o~i
q~id not~e. _
_ Any de~cy ~n the unoant ot sach ag~reQate mosthly? PaYment shall, ~w,te~s made ~ood by the -
t~r prior to the due d~?te af the next such p:~?ment, ea~titute aa event ttt dei~n}t ander this mart-
Dp~~~
- The mork~ag~e maY oa?Ue+ct s"iaie chirge not to exoeed tvvo c~nts ior each dollsr (~1) af
e~
e
h p q?
m
e
a
t more t
h
a u? l i
t
t
e~
n ( 1 5) days i n arreara t
o oover t
h
e extr~ e~pense iievolved in h a
n
d l i
n`
delinqueat p~ts. -
• That ii the lak~l oi the pu~rmenb m~d~ b~r the mar#~a~or nnder (b) ot par~tp~t 2 pt~ec~.riin~ sh~l
asceed the ~maunt of 1oat3?ments ~tctwlty made by the mort~~+ee~ !ar ~rot~nd renis. t~ce~s and assea~menb i
,
;
; -
: C~ .~~3 ~5 C~ .