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Home My WebLink About0986 . . To Hare And To Hold the same. together with al! and singular 2. That, in order mort lully to protact thc sxurity of th~s ih~ tenements. hercditament~ and appurtenanoes th~reunto belong- mortgage, the Mortgagor, togethe~ with, and in addition to, the• ing or in anyw~e appertaining, and the reversion and reversions, monthly paymenu under the terms of the note securod hercby. on remainder or rea~ainders, rents, issues and protits thereof; and also c~ r~c a~y or ~;n ~,o~,~t, ~~c~t cn~ ~c~ a r~nr ~~a~ wi;l ~II che estate, right, titk, interrst, homestcad~ sepante atata, pay to the Mortgaga thc folbwing sums: ~ tbssctsion~ claim and demand whatsoever. as weli~ in law as i~ A sum wl to the equity, of the said Mortgagor in and to the same, and every part ~ B~nd rcnts. if any~ next due~ plus the ~hcrcof, with the appurtenanccs of th~ said Mortgagor in and to p~~ums that will neut baAnk due and p~y~bk on policies ot fire the same, and every port and puoel theroof unto the said Mort• e~ other tw~rd irauanoe coverins the nwr~a~ec1 proparty~ pius gagee in fa simpk. taxes and a~nts next due on the mortgs~ed propeny (aIl as estimatod by the Mortgagee) kss ail sums atrcsdy paid thercfar diviaal by the numbu of months to elapae betore one month prior And the Mongagor hercby oovenants with the Mortgagee that to the date when such ground nnts, ptemiums, tazes, and hc ~s irtdefeuibly seized of said land in fa simpk; that he has lull ~z ~~~~9~nt. such sums to be held by Mort- power and iawful right to oonvey the same in fa simpk at B~B~e in trust to pay said ground rents, prcmiurtu, taxes, and aforesa+d; that it shall be lawful for the Mortga~e, at all times N~~~ ~ntc; and ~:,aceably and quietty to enter upon, hold, vecupy, and enjoy said q~~ pey~nts menti~nod in the proading subsection of this land, and every part thereof; that the land is and will ~emain tra paragraph and ail Qayments to be made under the note ucured frnm atl encumbranoes; that said Mort~ will make such further ~nby shall be added together and the aggregato amo~nt thtreof assuranoes to prove the fa simpk titk to said land in said Mort• shatl tx paid by the Morcgagor each month in a singk payme~t to gagcc as may bt rcasonably roquircd, and that said Mortg,agor das ~ applied by the Mortgagee to the fotbwing items in the order xt hcrcby fully warrant the titk to said land, and every part theroof, forth: and will defend the same against the lawful claims of all persons ~xa~ ~~~nts, firc and other hazard in- whomscever. suranoe prunie~rtes; G~ intcrat on tht nota socurcd hereby: Prorid~d aMays, and these presents are exocuted and deliverod (ii~ amareization of ti~e prirtcipal ot said note; upon the folbwing oonditions, to wit: fi~) late charges Ar~y deficiency in the amount ot such aggrcgate monthty payment The Mortgagor agras to pay ttu Mortgaga, or ordsr, the principa! shall, unkss made good by the Mortgag~r prior to the dua date of sum of KRIY SIX ~ix~[~D F1VE ii1~II~D F~1Y R~R AI~D the next such payment, constitute an event of d~fault under this ~ r--- - " Ilars (546,554.00 l. ~a ~ ~ ~r (Sult otteach paymen~t more than fi~ as evidenced by a note of even date herewith, with interest from tecn (IS) days in arnars to cover the expense involved in hand(ing date at GK rate of NINE AND ONE-HALF ~~~~~nt payments. 3. That if the total of the payments made by the Mortgagor per cxntum ( 9.5 q6), per annum on the unpaid under (a) of paragraph 2 Rr+eoeding shall exaed the amount of balana until paid. 'T6e said principat and interest sha!! be paysbk ~y~nu actwpy made by the Mortga~x for ground rents. taxes at the oft~ce of ~t Citi~ FEK3~'dl S3lrii~tyS aid ID~1 and assessments and insurarrce premiums, as the case may be, such t lf~ Surth Fede~'dl Hig~zae~y, Ft. P~.~.'~e, exc~ss, if the ban is curnnt, at the option of the Mortgagor. shall or u ot r plaa as the hokkr of tf?e note may designatc in ~~dited on subsoquent payments to be made by the Mortgagor, wricin~. in monthly installments of ~E EIIIR~D I~IIAIIY (rE o~ rcfunded to the Mortgagor. If, however, the monthly payments r'~'~D 45fIw------- Doilars (S 391.45 made by the Mortgagor un~r (a) of paragraph 2 prxcding shall commencing on the first day of ~ i9 86 and on the Grst da of 00t be sufficient to pay ground rents, taxes and assasments and in- . Y surana prtmiums, as the case may be, when the same shail each month therea[ter until the ~~B~ bxame due $nd payabk~ then the Mortgagor shati pay to the inci~,+at and interest are fally paid. exapt that the finat payment ~a~Sa any amount nooessary W mak~ up the doficiency, on or oi principal and interest, if not soontr paid, shalt be due and ~~Of'~ the daie whe~ payment of such ground rents~ taxes. ~ayabk on tlx rrst day of SE~'I`Q'98ER~ 2016. ~nts, or insurana premiums shall be due. !f at any time the Mortgagor shall tcnder to the Mortgag,et, in axo~danoa with ttie ' provisions of the note securcd hereby, foll payment of ths entire ~~nd shail duly, promptly, ancl fuEly perfnrm, discharge, execute, ef- indehtod~e.cc re~unted thenby. the t~fortgdga shall, in oom- fcct, complete. and campfy with and abide by each and every the puting the amarnt of such i?x{ebtalness, crcdit to the acc~unt of stipulatioru, agraments, oaiditions, and covenants of said prom~s- the Mortgagor any balana remaining in the funds accumulated under the provi~ions of (a) ot said paragrapi~ 2. !t there shall be a sory r.~te and of this mortgage, then ihis martgage ar~ the estate ~~ault under any of the ptovisions of Ihis mongage resuiting in a hcrcby created shali cease aed ~e null and void: ~wbl~c sak of the prc~ni~es oc~vurd hereby, or if the Mortgagee ac- quires d~e propzrty otherwisc a[ter defautt, the Mortgag,oe shaN Ar~d the Mortgagor further corenants as tolbwx apply, at the time of the oommenoement of such ptt~ctedings, or at the same t:me the pr~perty is otherwise arquired, tt+e bxlanoe then remaining in the tucda aocurnulatod urtder (a) ot p~ragraph 2 l. That he wil! pay the indebtedness as hereinbofore providod. aO00ding sa a credit against tl~e amount ot principai thcn rcmasn- Pri~ ilege is reserved to pay the debt, in whok or in pan, ~n any ~ng unpaid under taid nate. installment due dste. 4. Tha! he wiq Qay al3 taxes, assxasnxnts, water rates, and other governmental or municipal ehar~,es, fines, or impositions, tor which Rrovaion has not ban rttad~ heninbeforc. and in ckfault U R ~11 PAGF ~7~V ~hereof the Mrxe888a ~Y P~r ~he same: arsd chac he will prompc- gp~K ly ck(ivcr the ofticial rxeipts thercfor to the Mongaga. . _ } , Psqe 2 ot ~ _ ~ -