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Home My WebLink About0972 ~ T ~ . ' _ . ~ • ' i ~ ~ . , . . ~ . To Ha~e Au~ To HoW the same, together with a11 and singular 2. That, in order more fully to protect the socurity of this the tenements, heroditan?ents and appunenanoe.s thercunto bdong• mortgage, the Mortgagor~ to~ther with, ar~d in addition to, tt~e ing or in anywis~ appersaining, and the reve~sion and reversions. mor?thly payrnents under the terms of the ~wte secured hercby, on rcmainde~ or ranainders, rents. issues and profits th~roof: and also the first day of each month antil the said note is fully paid. will all the estate, right, titk, enterest, homestead, separatc• eswte, pay to the Mortgsgot the folbwing sums: pQSSasion, claim and demand whatsoevcr. as weil in I~w as in A sum oqual to the ground rents, if any, next due. plus the oquity. of the said Mortgagor in and to the same. ar~d every pan p~m~ums that will next beaortk due and payabk on policies of fire thereof, with the appurtenanas of the sgid Morcgagor in and to a~ other hazard insurana c~overing the mortgagod propenY. plus ~he same, arx! every part and paral the~eof unto the said Mort ~Xa a~ a~~nts n~xt due on the mortgag~ed propeny (al! as gagoe in fee simpk. estimatod by the Mortgaga) less all sums already paid thercfor And the Mortgagor hercby oovenants with the Mortgaga that divided by the number of months to elapse before onc month prior ~he is indefeasibly seizod oi said land in fa simpk; that he has full to the date when such ground ~ents. premiums, taxts, and power and law(ul right to oonvey the same in fa simpk as asses,unents will beoorne delinquent, such sums to be held by Mon• aforesaid; that it shall be tawful for the Mortgaga, at all times gaga in tnzst to pay said ground rcnts, premiums, tazes, and peaaably and quKtly to entu upon, ho{d, oocupy, and enjoy said special assessments; and land, and every part thereof; that tht land is and wiU rcmain fra A~~ ~y~nts mentionod in the preading subsection of this from all encumbranas; that said Mortgagor will make such further a~ a~~ ~~nu to bt made under the note secured ~ssuranoes to prove the fa simpk titk to said land in said Mort- }~reby shal! be ad~ed together and the aggregate amount thcrcof gaga as may be reasonably required, and tt±at said Mortgagx das 5~~~ by the Mortgagor each month in a singk payment co hereby fully warrant the titk to said land, and every part thereof, ~ a~~~ by the Mortgaga to the folbwing items in the order set and w~ll defend the same against the lawful clairtu of all persons [orth: ~ whom.~oever. (i~ ground nnts. taxa, a~ssments. fire and other hazard in- prorided always, snd thes~ prtsents are executcd and delivered surana premiwns; _ upon the folbwing conditions, to wit: (iA interest on the note securod hercby: lii~ am~tization of the principal of said note; ~ tir> tate charges ' The Mortgagor agras to pay the Mong,agce, ar order. the principal Any deficiency in the amount of such aggregate monthly payment ~ i sum ot FIFTY EIGHT THOUSAND FIVE HUNDRED shall, unless made good by the Mortgagor prior to the due date of ~ the neat such payment, oonstitute an event ot default under this NINETY FIVE AND NO/100-Dollars (S5$, 595.00 ~nBaB~. T~ Mortgaga may oolfxt a"late charge" not to exaed four ants (stZ for ~h dollar (S!! ~~ch payment more than fif- as evidenced by a note of even date herewith, with inttrest from teen (I5) days in ~nears to oovet the exptnse involved in handling delinquent payments. date at the rate of N:NE 3, That if the total of the payments made by the Mortgagor per ar~tum ( 9.0 96), per annum on the unpaid undtr (a) of paragraph 2 preading shall txoad the amount of balana until paid. Tht said principal and interest shall be payabk ~y~nts actually made by the Mortga~oe fw ground rents, taxes at the offia of FiT'St Citlzefl.S FedE'r'81 S2virlgs elld LOai1 and assessments and insuranoe premiums, as the case roay bt, such EISSOCidti0fl dt 16~J0 S. FedeY'dl H~ty.,Ft. P'1e~02, F1.33450 ezoess, if the ban is current, at the option of the Mortgagor, shall or at such other plaa as the holder of the note may designate in ~ subscquent paymenu to be made by the Mortgagor, writing, in monthly installments of F(~2 SEIIFNTY q1E or refunded to [he Mortg~gor. If, however, the monthly payments made by the iNortga~r under (a) of paragraph 2 prwoding shall 471.47 ~t be sufficient to paY ground rents, taxes and asxssments and in- AI~D 47~100---------------- Dollars (f 1, surana premiums, as the cas~ may be, when the same shall oomrrxncing on the first day of Febl"l.al'y . 19 87 , bwar?e due and payabk. then the Mortgagor shall pay to the and on the first day of each monih thereafter until the MortgagAe any amount ne~ssary to make up the deficiency, on or be(ore the date wt~n pay:mnt d such ground rents, taxes, F~.IdrY assessrt~ents, or insurana pruniums shall be due. If at any time the principal and interest are tully paid, exapt that the final payrtsent Mortgagor shap t~nder to the Ma~tga~ee. in aocordance with the oi principal and interest, if not sooner paid, shall be due and provisions of the note securod hereby. tuU payment of the entirc payabk on the first day of ~dt1UdY'y, 2017. indebtedness rePrGSentod thereby. the Mortgaga shaU, in oom- puting the amount of such indcbtedness, credit to the aooount of And shall duly, promptly, and fully per[orm, discharge, execute, ef- t~ MO~~ ~y ~"0~ ~~~~~'t' the tunds accumulated under the provicions of (a) of said paragraph 2. [f there sha!! be a fxt, oompkte, and oompiy with and atide by each a:~d every the default under any of the provis'anns of this mortgage rosuitin~ in a stipulatans, agraments, conditions, and oovenants of said promic• public sak of the premises ooverod hsrcbY, or J the Mortgagee ac- sory note and ot this mortgage, then this mortgage and the estate 9u«a ProP~nY a~~?ise after detault, the Mortga~oe shall hereby creatod shall cease and be null arzd void. app~Y, at the time of the oommenament of such prooadings, or at the same time the property is otherwise svquirai, the balana then remaining in ihe tuncs accumulatod under (a) of paragraph 2 And the Mortgagor Poriber rn~eoants a~ tolbws: p~ding as a crcdit against tho amount ot principal then romain- ing unpaid under said note. 1. That he will y the indebtednass as hereinbelore vided. 4' That he will pay ali taxes, assessments, water rates, and Pa Pro other gpvemmental or municipal charges. firks. or impositians, for Privikge is reserved to pay the debt, in whok or in part, on anY which provision haz not bcen made heninbeforc, and in default installment due date. thcrcof the Mortgag~ee maY paY the same; and that he witl prompt- ly deliver the official rxeipts therefor to tht Mortga~oe. Pa~e 2 Oi 1 . - - ~Q~2~ ~4fl6~