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Home My WebLink About0936 i 1 i . ~ - ' i . . , ~ ~ , ' To H~re And To Noid the same, together with a!! and singular 2. 'fhat, in order more fully to protcct the security of this ; y the tenements, heroditaments and appurtena~oes ~hc~eunto bebng- monga ge, thc Mort g a gor. t o gethcr with, and in addit i on t o. t h e ` ing or in anywise appertaining, and the rcversion and reve~sions, monthly paymenu under the ternu of the note secured hcreby. on rcmainder or remainders, rents. issua and profiu thercof; and aiso the first day of each month until the said note is fully paid, wi11 ail the estate, right~ litk, interest, homestcad, separate estata. pay to the Mongaga the folbwing sums: possessan, claim and demand whatsaver,-as well in law as in ' ~ equity. of ihe said Mortgagw in and to the samc, and every part ~A~ A sum equal to ths ground rents. if any. ncxt due, plus the i thertof, with th~ appurtenances of the said Mortgagor in and to Prcmiums that will next beoonye due and payabk on policies of fire ; the same. and every part and paral thereof unto the said Mon• and other hazard insurana cov~ring thc mortgaged propeny, plus gaga in fa simpk. eaxes and assessments next due on the mortgaged property (all as estimatcd by the Mongagee) kss alt sums already paid the~efor And the Mortgagon c~reby covenants with th~ Mortgaga that dividcd by tfie number ot months to elapse before one month prior he is indefeasibly uiud of said land in fee simpk; that he has tull to the date when such ground rcnts, prcmiums, taxes, and power and Iawful right to oonvey the same in fee simpk as asussmtnls will beoome dtlinquent. such sums to be heW by Mort- aforaaid; that it shall be lawful for the Mortgaga, at all times gagee in trust to pay said ground rents, premiums, taxes, and peaccably and quietly to enter upon, hold, oocupy, and enjoy said special assessments; and land. and every part thcreof; that the land is and witl remain tree A~~ from all encumbrances; that said Mortgagor will make such further PaYments mentionod in the preoeding subsection of this assurancxs to prove Ihe [a simpk titk to said land in said Mort- ~~~Ph and all payments to be made under tht note secured gaga as may be tcasonabty required, and that said Mortgagor does ~~by shall be addod together and !ht aggregate amount thertof hereby fully warrant the titk to said land, and every part thereof, shall be paid by the Mortgagor each manth in a singk payment to and will dcfend tht same against the lawfu! claims of all ptrsons ~ applied by ttu Mortgagee to the folbwing items in thc order set whomsoever. fonh: (F) grour~d rcnts, taxes, assessments, Gre and other hazard in- Prorided always, and these presents arc executed and delivered surana premiums; upon the folbwing oonditions. to wit: (~i) interest on the note secured hereby: Cii) amottizatio~ of the principal of said note; The Mort . G~) late charges gagor agrees ta pay the Mongaga, or order, the principal sum of Forty three thousand four hundred ninety ny deC~ciency in the amount ot such aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date of two dollars and no/100------------------------the next such payment, constitute an event oi default under tha 4ollars (S 43,492.00--- mortgage. The Mortgaga may colket a"tate charge" not to excad four ants (4t) for each do!!ar (S 11 of each payment more than Gt• as evidenced by a note.of even date herewith, with interest trom ~an (IS) days in arrears to cover the expense involved in handling date at the rate ot eight and one-half percenr----- delinquent payments. per centum ( 8• SO _ %1, per annum on the unpaid 3. That if tht total of the payments made by the Mongagor balance untit paid. The said princ~pal and interest shall be payabk under (a) of paragraph 2 praxding shall exoeod tho amount of payments aMually made by the Mortgagoe tor gronnd rents, taxes at the ofCwe of First Citizens Federal Savings and assessments and insuranoe premiums, as the case may be, such and Loan Association excess, if the ban is cunent, at the option of the Mongagor, shall or at such other plaa as the hold~r of the note may designatc in be sredited on subsequent payments ro be made by the Mongagor. writing, in monthly installments of Three hundred thirty or refundod to thc Mortgagor. If, however. the monthly paymtnu ' four dollars and 42/100-------- made by the Mortgagor under (a) of paragraph 2 preading shall not be sutC~ci~nt to pay ground rents. taxes and as.assments and in• Dollars IS 334.42 f, surance premiums, as the case may be, when the samt shall commencing on the first day of April , 19 87, bxome due and payabk, then the Mortgagor shall pay to the and on the ~irst day of each month thereafter until the Mortg,aga any amount na~ssary to make up the det~ciency, on or beforo the date when payment of such ground nnts, taxes, rinci 1 and interest•are fuU ~~nts, or insuranoe premiums shall be due. If at any time the p Pa y paid, exctpt that the final paymtnt Mortgagor shall tender to the Mortgaga, in aooordancx with the of principal and interest, if oot sooner paid, shali be due and provisions of the not~ socured hereby. fuU payment ot the entire payabk on the first day of March 2017 indebtednas rtpresented thereby, the Mortgaga shall, in cam- puting the arnount of such in~btedness, crodit to the aocount of And shall du{y, promptly. and fully perform, discharge, execule, ef- Mortgagor any balana remaining in the funds accumulated fxt, compkte, and comply with and abide by each and every the under the provisians of (a) of said paragraph 2. (f there shall be a ~ default under any of the provisions af this mortgage resutling in a stipulations, agreements, conditions, and covenants of said prornis• public sak of the premises covercd hercby. or if the Mortgagee ar j sory note and o! rhis mortgage, then tha mongage and tho estate quires the property otherwise after default. the Mortgagce shall hercby created shall cease and be null and void. apPly, at the time of the oommenament of such prooeedings, or at ~ the same time the property is otherwise aoquired, the batana thtn ~ remaining in the funds accumulated under (a) of paragraph 2 And the Mortgagor turther corenants as tolbws: preading as a credit against the amount of principal then rcmain- ing unpa~d undct said note. t. That he wilt 4. That he will pay all taxes, assessments, water rates, and pay the indebtedness as hereinbefore provided. other govemmental or municipal charges. fines, or impositions, for Privikge is reserved to pay the debt, in whole or in part. on any which provision has not ban made hereinbefort. and in default installment due date. theroof the Mongaga may pay the same; and that he will prompt- ly deliver the official reocipts theretor to the Mortgagee. Page 2 oi 4 ~~4533 PJI~0935 ~ - - _ ~..'~-~a...;.~.3, ~~~a~''~ ~ - , z.--.>-• - . . _ . . . _ . ~ s: