HomeMy WebLinkAbout0192 r ~ ~ F~: r.~ p1,r7 I,?~ r. wa~~ •4Sw1~'~~:Y. r_ 1~ 1~•' ~ , . . . . ~r~
~ f . ~H r~'r. •~v:.•'~'rv :
. . ' ~
~ . , ~ .l~. ~ . ~ ~
~ . ~ • ~ ~ , ~
. ~b~ `/A~dJS ~r ~ Y~t~isO~ ~~M(~~ ~ aly ~ ~
- . . ~ . _
' ~t3C1lal N~O~ A~CCO'p"tiaLICQ CO!"pO~ti~CD _ ,
( ~ ' ~ aa'poa'ntbn or~aoised and a~tlnt under
?
tire larrs ~ the Ste?t~e,,,~ o/~ I'~iraa . or order. the prineip~?1 wm oi Ten 'lhv~usem
~ ~ ~ ".~I i~1/M~~~~+rr~~~~r+~~~r~+rr~~.~~~~~~ws~~~i~~ `~~5~~~"'_ l~ ~MR
iutere~t iraa date at t2re rst~ at !'iva a~i ane•4uarCer 1Per aentum ( 5-~~? 9b ) P~' '
• annum on the unp~id baLnoe antil ~idd. T~e ssid principt~l and interast ahsll be payable st the ol~oe o! i
l~stianal Hcn~es A~cceptance Carparatic~ '
~ ~ te Inaians . or at suc6 rother plaoe aa the ?
# holder may desiQt~ute in writ~,in~.
in mpnthly it~stAllments of Bi~Y ~ 55~100-----
~ IJolUura ti 60.55 ooa~menctn~ on the fftrat day oi I~qy' ,1965 .~d
~ on tha ftrs! d~y oi e~?ch month thereanlter until the prtncipal and intet~est are lully p~?id, exoept ttu~t the flnsl
; • p~yment o! the entire indebtednees evidenoed her~by. if trot sooner p~id. shaU be dae and pays~ble on the ~
~ first d~y of /~p~l ~ 19 gs.
i Ii deixnlt be made in the payment oi any inskallment under this note and if such defxult ia not msde
~ rond prior ta the dae date oi the next auch installment~ the entare princip~ sum and aacrued interest ahall ;
a! on~ce beconae due and p~,y?aWe without notice st t6e option of the holder of this note. Fuilure to exereise ;
~ this option slult not co~stitute A wuiver of the ri~ht to exerrise~the s~nae in the event of any aubsequcnt ~
~ deisutt~ In the event af defsult in the W?yment of this note. ~nd if the s~e is c.ollected by an attorney ;
~ ~tt lsw, the undersi~ned hareby +~rce (s) to p~y all caats of collection, includin~, a reASanable attorney's fee.
~ Presentrnent, p~mt~t, ~1 aot~e are hereby w?~ived. ;
~ s Ja~es D. De?niel (
f ~ /
R a~~1e8 . ~..C
~
- ` . ~ " /s/ Loretts B. Danial. (s~AL}
~ ~ . c' -
t
; And shaIl dal~, pe~onap~tly, ~tnd i~y Periorm. dfsehar~e. execate, effect. compl~ete, ind comp~y wlth and '
wb~de by e~ch ~adaver~ the stepalstiona, ~greements~ oondYtions, and covenants of aaid pmrniasory nate
•nd at this mort~, the~? tbis mort~a~e snd the eatate hereby created ahall ce~se snd be neill sad void.
~ And the mort~sjor larther'eovenanta a~ iollows:
1. Thst be arlll p~y the iudebtedneaa. as hereinbefore provided. Privilege is reserved to pay the
debt in whole, or in an amount ec~wtl to one ar rnore monthly paymentu on the princip~l th~t are next due
on the uote. on the first ds~y of sny month prior to maturity : Provided, hnwever, that written notice of an
~ intentiou to exercise such privileg~e is givem~ at least thirtY ('30) daqs prior to prepayment; and, provided
• " inrther, that in the event the debt is paid in full priar to matnrity and at ttzat time it ia inaured under
the pmvision~ oi the Nstioa~al Hoaaing Act, he will p~y to the mortgagee an adjusted p~emium ch~?rge ot
ane per oentum (1 gb ) ot the ariginal principai amouat thereof, eaccept that in no event sha11 the adj usted
~ premium e~cceed the aggre8~ate amount of premium charg+ea which would have been payable if the mort- :
gsge had continued to be inaured until maturity ; such payment to be applied by the mortgagee upon its
obli~ation to the Federal Housing Commisaioner on account of mortgage insuranoe.
2. That, in or~er more fully to protect the security of thi~ mortgage, the mortgagc?r, together with.
and in add'ation to, the menthly p~ayments under the terma of the note secured hereby, on the first day of
each month until the said note is iully paid, will pay to the mortSaSee th~ following suma:
(a) An amount su~cient to provide the holder hereof with funda ta pay the next mortgage
insursnce premium if thi$ instrument and the note secured hereby are ingured, or a monthiy charge
(in li~u of ~ mortgage insurance premium} if they are held by the Fecieral Housing Commissioner,
as followa :
(z) If ~nd w long as ssid »ote of even ~ate and this in~trament are uuured or are nit?sured under the
. provisionr ot the NRtionsl Houeing Ack u? ~n~onnt suf!leient to aocvmulata in the hands of the holder
oite (1) mcmth priQr to its due date the annusl mortgage ineurano~ preminm~ in order to pravide such
• holder with innds to psq rueh premium to the Federul Honsin~ Commluioner pursnant to the National ,
Houaing Act, ss annended~ and~ : plksble~~
lstioru thereander: or
(n), If, wnd w bi~g u iaid note. oi evenpdate;~?d tt,3s instrument ue hdd by tt?e Fedenl Housiag Commir
• sioner. s maathl~r d~s (ia Uen at • nwrtgsae insnranoe pretniam) which shall be in sn amount
eqeaal :to one-lwelith oi onc~hali ) per cwtum ot t~e ~rerage oatstu?ding balanee due on the
~ note ocmpnted qithout taldng intn aoeoant ddinqneneie~ or P~WY~~+:
(b) A~wn equal ta the gmund rents, if any, next due. plua the premiums that will next became
dne and p~,y~ble on policiea of flre and other hazard insuraiece covering the mortgaged property, plus
t~ruces and assesaments next due on the mortgaged property (nll ss est3mat~d by the mortgagee) less
atl sums alc+e~dq peid th~refar.divided by the number of montha to elapae before ~one month prior
, to the dste when such ground renta. prerniums, taxea, and asseasments wi~l become delinquent, such
~ sums to be held by mortgagee in trust to pay said ground rents~ premanma, tax~s, and special asse~s-
ments; aY?d
~
(c) Al1 paymenta mentioaed in the two p~recedin~ aubsectione of Lhia paragragh and all pa*-
~ ment~ to be made uxeder the note secured hereby shall be a,dded Lo~ether and the aggregate amaunt
thereof shall bo p~id by the mort~sa^or each month in s sin~le p~yment to be appl~ed by the mos't-
~ t~ tb. tono.~ng it~ ~n twe o~r .Qt ~a~:
(i) Premiam aharps nndmr the coaitr~.et o! insnranos with t1~s Fedexsl Sondn~ Comn~iasioner~ or morri~ly
` ~ d~a (in liea oi mortaa~e insnra?nca praaium), u tBe ca~ may be; • ,
` ~ (u ~onn~ra~t~. t~er, sarearap?ts, l~re, and otlNSr ha:erd in~nr~nce preminnns;
; ~ (ui tere~t aa the bot~ Mcured berebyi wn~1
~ ~ . (iv ~mortisstioo ot tl~a priaeipal oi ~aid note.
' Any del~cien~? in the ~ucaount of such aggreg+hte monthty? ~yment shalt, nnlear made good by the
~~c~t~~priar ta the dt~ d~?te a! the next such p~~nent, canstitute an event ~ai delsuk under this mort-
a
mort~a~ee msy cullect a-"late char~e' not to eaceed two cents (2~) for eaci? dollu~ (~1) o#
~~a?~ch psyment ~ thsn liiteen (1b ) days in arrears t~ caver the extrs~ acpen~e involved in handlin~
~ P~9~
~ 8. That ii the tatal ot the p~yments m~de by the tnortaa~ar under ( b) of pua~rsph Z pr'~ec~din~ shall
; e~ceed the araount of payments actuallY m~?de by the mort~~ee. for Rround rents. taxes and ~s~e~ments
° - , g~~ 1~3 ~.9Q . ' ~
C~ . . _ U