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To Kare Aad To Hold tlk same, together w~th all and singuiar 2. i ha;, irt order more fully to prota:t :he security of th~
~he tenements, h~reditaments and appunenancaes thercunto bebng- mortgage. the Mortgagor. together with, and in addition to, the
ing or in anywise app~rtaining, and the reversion and rcversioru, monthly paymenu under the temu of the note socured hereby. on :
remainder or rcmaindors, rents, issues ar~d pr~fits ther~cof; and also the first day of each month until the said notc is fully paid, will
a!! the estate, right, title. interest, homestead, separate estate. pay to the Mortgagoe the folbwing sums:
pobsession, claim and demand whatsoever, as well in law as in A sum
equity, d the said Mortgagor in and to the same, and every part to the ground rznts, if any, next ~ue, plus the
theroof, with the appurtenanoes ot the said Murtgagor in and to Premiums that will next beoortk due and payahk on policies of fire
ihe sam~, and every pan and paral thcreof unto the said Mort• and other hazard insurana coveri~ the mortgagod propcny. plus
gagee in fee simple. taxes and assessments next due on ttx mortgaged property lail as
estimatod by the Mongaga) kss all sums already paid therefor
~ divided by the number of months to etapse before one month prior
And the Mortgagor hereby covenants with the Mortgagee that ~o the date when such ground rents, premiums, tazes, and
he is `ndefeasibly seiied of said tand in fee simpk; that he haz full ~~nu will bacerne delinquent, such sums to be txk~i by Mort-
power and lawfu) right to convey the same in fee simpk as BaBee in trust to pay said gtound ronts, premiums, taxes, •and
atoraaid; that it shall be lawfa! fa the Mortgagee, at all times special assessments; and
peaaably and quietly to enter upon, h:~ld, oocupy, and enjoy said (b) All payments mentioned in the preoeding subsectan of this
land, and every pan thcroof; that the tand is and w~l1 remain tree paragraph and ap payments to be made under the note secured
; rom al! ec~cumbrances; that said Mortgagor will make such further ~~by sha!1 be addod together and the aggregate amount thereof
assuranas to prove the fce simple titk to said land in said Mon- shall be paid by the Mortgagor each month in a single payment to
gzgce as may be reasonably required, and that said Mortgagor dces ~ appliod by the Mortgagee to the foibKing items in the order set
hereby fully warrant :tie titk to said land, and every part thereof, fortfi:
and will defend the same against the lawful ciaims of all persons ground rents, taxes, assessments, fire and other t~azard in-
N'f10ti150CYGf. ~ surance prcmiums;
tii) interest on the note secured hereby:
Prorided ah?ays. and these presents are exeruted and delivered (w? amortization of the principal of said note;
upon the following conditions, to wit: (ir) late chargas
The Mon Any deficiency in the amount of such aggregate monthly payment _
gagor agrces to pay the hiortgagee, or order, the principal shall, unless made good by the Mortgagoc ptior to the due date of
sum of Thirty Six Thousand Three Aundred Thirty~~ next such payment, oonstitute an event of default under this
Dollars and no/200----Do~lars IS 36,330.00 1, martgage. The Mortgaga may oolkct a"late charge" not to exoced
four cents 14t1 far each dollar IS11 of each ~+ayment more than fif-
as evidenced by a note of even date herewit~, with inierest frorn teen I15) days in arrears to cover the expense involr-ed in hanciling '
date at the rate of ~~~nquent payments.
nine and 50/100--- 3. That if the total of the payments made by the Mortgagor
per centum f 9. S per annum on the unpaid
balana until pai~_ 'The said pnncipal and interest shall be payable under fa1 of paragraph 2 preceding shall exceed the amount oi
paymtnts actually made by the Mortgaget for ground rents, taxes
ac the office of First Citizens Federal Savings and and assessments and insurance premiums, as the case may be, such
Loan Assoeiation excess, if the loan is cuttent. at the option of the Mortgagor, shat!
or at such other place as the holder of the note may designate in be creditad ori subsequent paymenu to be made by the Mortgagor,
w~riting, in monthly installments of Three Hundred Five or refunded to the Mortgagor. If, howtver, the monthly payments
Dollars and 4$/100--- tiars (S 305.48 ~ made by the Mortgagor under (al of paragraph 2 preading shalt
not be sufficient to pay ground rents, taxes and as.sessments and in-
commencing on the first day of ~$be~nd on the first da~• of surancx premiums, as the case m~y be, when the same shall
each month thereafter until the become dut and payabk, then the Mortgagor shall pay to the
principal and inierest are fu!!y paid, except that the final payment Mor.gagce any amount necessary to make up the detkiency, on or
of principal as?d interest, if not sooner paid, shall be due and bef~~re .~e date when payment of such ground rer~ts, taxes,
assessments, or insurance premiums shall be due. (f at any time the
payabk on the first day of September, 2016 ~iongagor shall tender to the Mongagce, in acxordance with the
provisions of the note secured hereby, full payment of the encire
.'~nd shall duly, promptly, and fulty perform, discharge, execute, ef- indebtednzss represented thereby, the Morigaoee shall, in com-
fect, compl~te, and comply with and abi~e by each an~i e~ery ehe P~ting the amaunt of such indebtedness, cre~i! to the aocount of
siiputatans, agretme~~ts, conditions, and covenants of ~aid promis- the Mongagor any balanct remaining in tt~e funds accumulated
sery note and of this mort e, then this mo~ under the provisions of la) of said paragraph 2. If there shaii be a
gag gage and the estate ~iault under any of the provisions of this mortgagt resulting in a
hereby created shall cease and be nu!! and void. publi~. sale of thz p~emises oovered her~by, or if the Mortgagee ac-
quires the propeny othtrwise after default, the Mortaagee shall
And thP Mortgag~: further corenants zs folbws: apply, at the time of the comm.ncement of wch prooeedings, or at
the same time the property is otherwise acqu:red, the balance then
remair.ing in the funds accumulated under lal of paragraph 2
1. That he will pay the indebtedness as hereinbefore proti~ided. preceding as a c~edit against the amount of principal then remain-
Privilege is ieserved to pay the debt, in whole or in pan, on any ~ng unpaid und~r said note.
installment due date. d. Thet he will pay all taxes, assessments, water rctes, and
ott~er governmenta! or municipal charges, fines, or impositions, fo:
wh~ch provision ha; not been made htreinbefore, and in default
thereof the Mortgag9e may pay the same: and th2t he wdl prompt-
ly detir•e~ the officiai receipcs therefor to the Mortgagee_
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