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sald ~qat~a~o~ do~s l~aby fally w~eraot tb~ tiU~ to s~id land~ ~ad evsry part tb~reof~ and wlll d~f~ad th~ u~
o~alast t6~ 4wfn1 c4i~ ct aU p~esa~s ruho~sc~vK, _
PROVIDSD AL.wAYS, ~ad tl~at ~b ac~ e~acut~d ~ad d~Uwad apoA tb~ foUowio~ ccadltlcas, to wit:
Tfie wat ~~es to p~y tbe ~oet~aat. a ad~c. tl~ p~tacipil ws ot ~Ti~X Z![OII9~ .
• w • ~ ~ w ~r • • ~ ~ ~ ~ • ~ w ~ ~ • ~ • w ~ ~
Dollacs .19 ~ N~.l~ - u. ~rjd~nc~d bgr ~ aot~ d ewn drte herewitb. wtth iahrest froe date ~t the
nt~ aE ~~T ~~H_ O~Y~L!' - As~ c~ato~ Psc ~aane aa ti~t Mapaid b~laoce
untL p.~d. TI1~ s~id Qcia~i~! aad intecest s6a11 ba pbrable ~t the otfice oE J.T. alflliitT 1~A1~S
CQIQ~, I~A. ,~a :S~ti.t• ~0-i~0 1[iraol• l~il~, C~ral 6~?11~~, lloriia
ar ot sucb dher ~Loe as ~;lpk~r af tLe nabe.~Y d~si~ta ~n wtitipi. ~a ~anthl~? iastslL~nts af -
ii~ SU~ lOA1't~ ~IZ .~D 11 /100 Dollin (t 1~~.11 coaa~enciat an
th~ fk~t ~~!.d . ~~17 ~ . 197Q aad va ttre first day of e~cb ~?aa6 there~Iter ~tllt6spdncip~l
+md ~.sce [uly? P~::w~sPt_ti~~ t6e fLa~l pay~sent of pcinctpal +~nd ~terest. if aot soaaec Poid.- a6~lt be due
~+d p!r+~ m,t~e f~c dar oE : J~a, tN~. : :
A~ ab~ll dnb, P~P~++ and•fq11Y i~tfono, discharse. e:ecnt~. eEfect. co~plete. ~nd cooply with aad qbid~e
bY e~h ~ard eveq? tb~ slip~tlatioos.-a8~eee~nts. cooditicns. and ao~venaats cf said pcani~sory note a~d .of this •
°A°etg,~,St~ t~ Al~l~~~c,~4~'~T $ f v ~ ~ ~ ~''Z-' IT 1JrGj ~sTJ ~ : § . - - v ~s •
Aod aoctgpgor coveaaats as follaws: ~
1. That be will pQy.the indebtedness, as hereinbefoe~e prv~vided. PriVile~e is reserved to pey the debt ia ~rhole,
or ia ~a amamt~qwi to one a e~ae manthly ~ya~ents on the pclacipal that are nezt doe on the note, oa the first
dey of aay moath prior to matudty: Provided, haw~ver, that written qotice of an inteatioa to e:ercise such ~ivilege
is glvsa•!t least thicty (30) days priot to prepayment; and, provided further. that ip the eveat the debt is peid in
fall ptia to maturity and at that time it is insnred nader the provisioaa of tbe Natia?al Housiag Act. he will pay to ~
tbe matgpgee aa adjusted peemium charge of oae per centum (1%) of the original priacipal amount thereof, except
that in no e~?eat s,bell the adjnsted premium e:ceed the aggreg,ate amount ~ pr~~inm charge~ which would have
been payable if tlee aatgage bad contiaued to be insared aatll a~turity; such paqment to be applied by the moct-
gagee upon its obligptiaa to tLe Secretary of Honsing aad Urban Development oa aecount of mortg,sge insurance. ,
2. Th~t. in order more fnlly to pcotect the secnrity of this matgrage, .tbe mortgagor, together v~Ith, and ia addi-
tion to, the mouthly payments uader the tera~s d the note secured hereby, on the first day of each month until the
said note is fnlly paid, will pay to tLe. moctgegee the following sums: .
(o) Aa ~moant snHicieet to proride tbe holder hereof wit6 funds to pq tLe ne:t mort~ee inauraoce premi~s if this jnitrn-
meat ~nd the nate sec~ued hereb~ are insured. or a monthlr c6ar~e (la lieo ot s mort;a~e iasw~nce premium) i[ t~ef ace
held bp tl~e Secret~rp of Honsin~ ~od Urban De~elopmeet, as tollows:
(n II ~ad so loo` as said note of ewn d~te ~nd t6is instrumcnt are insnred or ate tNnsi~red mder the pro~i~tons ot tbe
N~tional Hwsio~ Act, an amoant sufticieat to accumnl~te ~n t6e hands ot the Lolder oae (1) mouW prior to its dne
d~te the ~anual mort~aQe lns~uauce premium. in order to prodde sncb bold~r w;tL • lSmds to p~r auch premium to ffie
Secretarp of Housla~ and Ueb~n Development p~vsuant to tLe N~tioaal Hou~J,aQ Act. ~s ame4ded. +nd appiicable Reen-
lations tbeieander; oc -
(In It and so lon~ as said aote o[ evea date ond t6ls iastmmei~t ase held b~ tbe $~cretar~ ot Housiag aad tlrb~n Develop- -
ment, a montl~lr char~e (in Iien ot • mortQa~e insucaace peevium) ~t61cb-shall.be iri an amouot equal to ope-t~velfW
(1/12) oE one-6alf (yS) per centnm o[ the average outstwdiug balasce-dn~ _os ths note cor~puted wiWovt t~klne into
~ccomt dellnqueecies or prep~pma~ts; ` • ~
(bJ A snm eqnal to t6e gponad rcats, it anr, aezt due. plus H~e prcmtums t6~t will aezt become dae and parable oa policies ' ,
of tire and ot5er has~rd insur~nce co~erina tbe mort~a~ed propert~, plns ta=ea aad assessments aest due on the mort-
; gsQed pcop¢rt~ (aU ~s estim~ted bq the mortQ~Qee) less ali sums already paid theretor divided by th! aumber of mont6s
~ to elapse before one manth pdar to the date when such ~nd rents. premiums, ta:es, and assessmeats will become de-
~ linq~ent. su~fi snms to be held by mataa~ee iu tiust to p~y aaid ground reats, premiums, tues. ~od specLl assessments;
aad -
(c) All p~~ments mentioaed in tbe two precedL~ snbsectioas oE this puagRap6 ~nd sll p~~ments to be msde ~mder t6e note
seaued herebp ahall be added toQetber and tbe a~reQate amouat thereot shail be pwid br the mat~aQor each mont6 in •
single papaeat to be a~pplled b~ ffie mort~aeee to the [o1lo~rinQ Items In We order set fort6:
(n promiom charQes under the contract of insuraace wlth tbe Secrctary of HousiaQ aad U~ban Developmeat, or moaWly
ch~~s (in lien of mortpp ~sm~ce premium). as the c~se m~r be;
(~"~~oond rents, tues, ~ssessaut~, [ire. ~nd 4ther hasud insarance p~emiums; -
iottttst o4 the note securod 6ereb~'~ii~ = s~ t:`; • ~ -
(IV) amatisatian oE tbe priaclp~l of aiyd!Mt~. r: • C ~ t. i: ~ ; . • . - s;
Aay deficieacy in tiu pmouac af s~ch,a~egat4f~afhtr pay~eric. shall, ug~~.~Wd~ good bq tl~e mortg~agor
prior to the dne. date af the nest suc6 pa'ymcqt, coaa~i,t e an.~vent af deEau ,P
~e~~ t6is qq~age. The mortgagee
may collect ~"Lte c6arge" ~ot to e~ceeed twd Centl~~(2t)`fb~-eack ~o~ll~~~l) o'T eacb "peyment more-than fifteea
(15) days in arrears to caver t6e e~Rra ~eiclf'enad~+ ~n?o1i~d ~~hatidi~g d~l~aquent paymeats. ~ y - ~
3. T6at if the tdal d the payments made by the moctg,agor nnder (b) of paragfiap6 2 preceding shall exceed '
the amount af payments actuaUy made bq tLe matgagee, fa g~ound rents, tsuea and assessments and iasurance
premiums, se the case may be, snch e:cess shall be ecedited by t6e matgpgee oa subsequent paya~eats to be •
made by the mortgpgor. If, 6owever, the monthly payaents made by the mortgaga under (6) of paregrap6 2 pre- -
ceding ahall not be s~fficient to pay g,rouad rents, taxes and assessments and insurance premiums, as the case
may be, wben tLt sa~q.~~ become das aAd poyable, then:the matgagor, shali pay to tbe matgagee eny amau~t
necess~,cy to malce uQ tl~e deficiency. oo a befae the date ~vhen payment ~ such g~aind reats, tazes, assessweats,
or ins~uaace preminss shaf I be due. If et any time the mottg,ogor slwll teader to t6e mortgsg~ee ia sccocdence ~rith
tbe pcovisious of the note st~nred herebq, fn11 payment of the entire indebtedness repcesented theceby, tbe mort-
gagee shall, in compating tlk amouat af aac6 ~indebtedness.~ credit to tl~e acconnt of the mortgagor all peyments .
mede nnde"t tl~e prarisioas ut (o) at pe~ra6raph Z liereof wLich tbe ~atgagee hes not becaeue obligated to pey to
tbe Secretary d Honsiag and Urb~ Developneat ~nd any b~nce remaining in tltie funds aocumu.lated nnder the
grovisi~ona~.4f (~),d ~1~i~~Parag~raPb 2;. If tl~ere s1w11 ~e ~ defaqlt ~ 4ay vf tbe pcovisions oE this mortg~ge, ce-
sultiag i~ ~ public sale of tbe pcemises covered hereby. a if tbe matg~gl~e acquires the property otbenvise after
' default, tbe.uncxtgsgRs~ -app xt.st.tbe tima o[.~.cpm~neacqa~tat of such proceeding,s o~ at the time t6e P~aP-
erty is otl~erwlse aequihd~ 6i~oe thai cea~#iniag in tbe Enad's accumulated uuder (61 of Pa~6~P~ 2 P~~d~i . ,
~ as a eredk a~iost tbe amount of prlac~i~ 1 t6en rrosinia~,unpQid uac~er said note and slwll pcoperlyad~ust any ~
~y01EAtf ~~4t~'S~MU ktVa' YflOC~~ r~01 ~ aY~' ~a~~• ~ . R r. . ,
4. 'f~at be will p~y aU taxea, assess~eb~, ~rater ntes, aad othet<<ovemoeatai a municipal ctwr~es, fines,
or Impositiaas, for wbicb pcavisioa has uot beea a~de 6ereiabeto:e, aad in default tbececf the mort~gee may p~y
tbe same; aad tbat he will praaptly del~ver tbe aEEjcLI t~oeipts tbe~sfor to tbe ~ortp~ee.
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