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Home My WebLink About0798 ~ ~ 1~~_.y r, ~ w ~r a ~J w sI) ~f ~ aw•iD 4' ~ •C~.. C~ ~ . _ , , ~ . -~.-...-..r w M.. .ft~+W ~ ~K~~:.a r . ~.,r', wr~w-+~.~ ` . _ ' _ _r...,..-... w-~n... .r.'M•"'- ~i Y.~r...~~..~~.-, i T ~ ~ f . ~ t. V ~ P~o~vm~ A~.w~ve. a~rd t!?de pra~enb u~e ezeeatad and ~etivered apon t6e iollowins oonditianr~ ~o wit: • TAe m~o~or ~?s:+ees bo py tbs matsa~ee. or arder. t~ prtudp~l amn a[ T~a thowand four ` ~ Hundred ~ttd Na/1~ : s~ w~f~~~~~r~~~w~~~~r~~~+r~~w~~~~~~s~~ss~r~rr~~ r~~~~~~~.~ ? Dollan (i 10, 400. 40 ~s evidsnoed by s note oi ~ea dr~e h~ei+swith, ..ith inlerest lram date ~ at the r~tf atFive ~ C1ns-Qwrter P~ t 5} 7b) pei' annum on the un- : paid b~lanoe until p~id. Tlr ~d principal aad in~rest sl~all be p+~,yrabk ~t the c!!fa oi k ATIC~J FIPIANCxAL C4RPQRATIO?N # = or ~?t snch o~er pLce as the 6older a~ the note msy deeip~ats in writint. ia montlily ~nstaltmenb oi Fif ty Seven and 51/100 w~'~ Dollus (i57 . gi commencins oaa ~ P~3~1 a~ud iatere~t are~ • 19 65 . aad on the flrst dsy ai e~ch month thQreatter uatil the : ~ ~ F~ ~Pt that the ffnal p~ymeat of prindpul ~nd intereu~ ii not sooner ~ 1~aid. ~il be due and p~ysble oau the flxst d~y af ppril .1~95 r ~ Aad sluD du17. lx'~p~y.~~Y A~rlorm, disct?ar~e. execqte. eliect~ oo~mplete, and aomply ~th snd , ~bide by e,sch ~?nd t~e atipuLit~ns. a~reements. condltions, and oovenants oi aaid promissor~? note a~d oi ihi~ ~rt~~,~t en this m~ ~n~d the estate hereby cre~tted ahxll c~ and be ttull ~d void. Aud the mart~or turtl~rr oovet~snta ~s foilov~ s: ' 1. That he will psy the indebt~edneas, au hereinbefore provided. .Privilese is reserved to p~,y the • dsbt in rvhokr, or ia an ~mount eqwl to one or more monthly pa?yments ab the principsl th~t ~ure nrraft due on the note, a~ t~ l~nt day of any month prior to nutturity : Provided~ however~ t,lut written notice of an intention to eacerci~e such privilege is given at least thirtY ~Ya p~' to Pre~l?~nebt; and, prnvided !'urther, thwt in the event the debt ia paid in iall prior to, mutnxity and at that t~me it is insured und~er the px+ovisions af the Nationul Housin~ Act, he will psy to the mart~si,gee an adjuated pr~anium charge oi one per oentum (1 ~6 ) of the original principal amount thereof~ BZC~pt ~L ~l1 h0 E\1CAL E~~ LtIC ~JU$~ ps~emiunn exc~d the ~ste- ~Rmaunt oi premium charges which wrould h~?ve be~n p?yr~bk if the mort- - ~e h~~d oontite~d to ~neured uatil maturits•; such puyment to be applied by the nwrtgagee upo~n its obli~ttio~ Lo Lhe Fedenl Housin~ Commisaioner on aocount o! morty~ge insurance. ; 2. Tfu?k in order mare fully to prntect t,he security of this mort,Ra,gre, the mortgsgor~ together with, ~ x ~nd in addit~on ta, the monthly p~aymenta under the terma of the note secur~d hereby, on the first day oi ~ ~ eNCh month uutil the asid note as iully paid. will puy to the mortgagee the tollowir~= auma: ' ia) An s~maunt sufllcient to provide the halder hereof with funda to p~y the next mo z insurance premium if thes inatrument and the note secured hereby ue insured, or a monthfy ch~y?rg~e~ ~ (in l2eu o! ~ mort~xge inauru~ce premium) if they are held by We Federal HousinQ Commi~sioner, ~ as followe : ~ Ii snd ro louR as said note oi even dste and lhls inatram~ent ue ia~uied or ~re reinsured nnder the provisions of tha N~tio~??al Aousing Act~ an arrwuitL st~!lkient to ae~wmnlate in the hands oi the holder oae (1) month prior ta its d~e date the i?n»nsl mort~s~s inwranos pretni~am, in order to psovzde snch boWer witl~ innd~ to p:y such premiwa to the Federri Hoasin~ Comtnissioner pur~uant to thc IVatioAal ~ ~ Howin Aet, u~rna~,ded, and applie~ble R~uLtions lhereander; or ;f (u) Ii and w~ ss ssid noLe oi even date aod th~s inatrva~ent are held b' t??e F~deral Honsing Commis- . - sioner~ a monti?1y ehi? ~(in linu ot a mort~sge fs~surwnee pre~niyno~ wbieh s4~all be in an amount ~ eqw?I to onttwelfth oi one-hali ('ti ) ger eentom oi the averasc outstandins balanee due on the note oomput~d witht?u! taking into aoeount delinq~erweiq or prepaymtntr; ;j (b) A wm equal to tt?e ground rentg, if any. next due, plus th~ pt~mIums that will next become ; dne uid paysbte on policiea at tire and other hasard insurance oovering the mort~aged property, plus ; t.~ucea und ~ssessinents next due on the mortgaged property (sll aa estimated by the mortgagee) leas ail stuns ~?lready paid therefor divided by the number of munths to elapee before one month prior ; to tt~e dste rvhen such ground rents, premiums~ taxes, and assessment~s wiu beoome delinquent, auch ; supn$ to be held by mortg~~e fn trust td pay said ground rents, premiuma, t.~uces, and sp~ecial assess- ~ ments; ~uad ; (c) All pAymenta mentioned in the two precedinQ subaectimn,~ of thu paragraph and all ments to be made under the note aecured hereby ~hall be added tR?gether and the ate surwu t ~ ther~of ahall be paid by the mort~ag~or each manth in a sin~le psyment to be app~~y the mort- • gsgee to the following it~ems in the order set iorth: ~ (i) pre~rninm cl~tr~ea under the contr~ct oi insarance with the Federal Honsing Cominisaioner~ nr manthly elu~r~e (in lieu ot mort~ate fnsnrsme Pranium), as the ease may be; ~ (u ~ruund rerets. 4zes, a~ess~nents, Qre, and otl~er hassrd iiunnaee premluuu~; (ui; ~nterest on tha nots ~oeared hsreby; snd (n?) anwrtizNtioin at tbe prinaipal oi aud nate. ~ Any delkiency in the amount of such aggregate monthly payment shs?11, unless made g~ood by the rntarE~r prior to the due dsete of the next s~eh ps;yment, constitute ~tn event of deiault under thia mort- ~ ~s~e. e mortg~e nu~y cullect a"late char~e' not to exceed two ~nt~ (2~) for arch dollar (;1) oi :f e~freh p~yment more thaa fiiteeu (15) dayt in arreara to oover the ~actra e~cpense involved in handlit?~ i ! ddiaquent payments. ~ H. "1'h~t if the total of the pxyment~ made by the mort~g~pr ander (b) of p~ragrxph 2 prece,ding ahall exceed tt?e amoant of t~ymenta ~cYually madc by the mortgsgee, for ~round remta, taxes and asees~m~nta snd insurabce premiums, as the r.a~ may be, such exc~sa shall be eredit,ed by the mortgaaee on autmeqewnt prymeats ~ be m~de b~r the a~art~r. If~ hovrever, the monthly p~ymants mxde by the mortg~or ; nndu ~b} o~i p~r~?Ph ~ P~~ shalt uot be st~c~ie~t to 1~Y rents, tsua and aaae:smeiita + and inauruN pi~iu~, ~s the c~ure may be, rvhen the a~me s~hal~become due ~nd p~ysble~ then the mort~or ahall p~,y to th~e ino m Y r' rt~roe ~a~r a~wunt ttec~sal'Y t~ au~te ~p the deflcieacy, on or before~ttee ~ d~te vrhen psymaat of auch iround x~enta, t~u~ces, a~s~same~nls~ or insur~noe p~~iums shalY be due: ~ If ~ at sny time tbe mort~or ahslt ten~er ta ths mort~ee tn aocorduice ~vith the provisions of the ~ot~ ` # secured herabY. fnll pay~t of the entire it?debtedneas repn~nt~d theteby, the mort~ shill, in Com- putin~ th~ amount o~ sacb indaibrlecltie~a, Cralit to the ~rcoo~n! oi tlae mart~s~?r all pa ents msde under ~ the provisior~ oi (a) oi p~u~a~rai~ g ha~eoi which the mort~~ee 6~ nat beoaene obl~ited to pay tb the ~ : Federal Hausi»~ Conuniasiona~ a~d a n y bsLuioe remainin~ ia i~a faads ~ n n l s t e d n a d e r t h e p rn~• i~ i o n s ~ = o t ( b} o ~ f a s i d 8. li tbere ~hsll be a defsutt u n d e r ` ! hsll aay oi tlte provisiap~ of this mortgsge. re- ~ . : rnltin,~ is a l~c ule oi the prarnires oovered ~eereby. a~ it the mort~ee ao4nires t~e property other- ~ ~ ~vise atter detsul~, the mo st~it a rt~ee PPfy. at the time ot the t a~ wch proceedin~s or at i the time the pra ~s ~her+~?rse ~~oqufred, the b~oe tbaa r~ns in the tnnds aocmm~~te~ ur~der ~ s (b) af 2 pt+eeedin~~ ~s s credit a~airut the anwun! o!p~ ncip~l th~ rdnsjnin~ unpaid andex ; said note ~haU Drr,Pe~'1Y ~uUwt sna+ ps~ymentr which sh~ll h~ve bem made under (a) of a~?id P~?r~'~Pb. ; 4. Ths~ l~e w?ill pa,y aU tues, ~enta. ~vster rat~ss, ~d ather ~overnme~t~l or municip~l chartes~ f . , ~ - OR ~ d~K~.14