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HomeMy WebLinkAbout0969 ~ ~ ` ~ i ~ . ~ . ~ ' . To Nare A~ To Hold the sam~e, together with all and singulu L That~ in ador mor~ fuUy to protect the socurity of this the tenements, hercditaments and appunenanas thereunto belong• rtwrtga~e~ the Mongagor, togetlxr with, and in addition to, the ing or in anywise appertaininma, and the reversion uid reversions, monthlY P~Y~nts under thc terms d the note socund haeby, on ' rcmainder or remainders, r+eats, iauas and protits theroof; and alsu che tirsi day ot a~ch month unti! the said note is fully paid, will ~ al! the esUte, right, titk, interat, honxstead, separate tstate. paY to the Mortg,sg~goe tt~e tolbwing sums: posseuion, claan and dem~nd whatsaver, ss wcll in law as in W A sum ogusl to thc ground rcnts, if any, next due, plus the ; equity, of ttk said Mortgagor in su~d to the sxme. and every part p~miums that will next booonk due and p~yabk on policies of fiire thcreaf, with the appurtenanas d tbe s,id Mortgs~or in and to a~ ~~r hazard insuranoe oovering the mortgaged properiy, plus the same, and every part and patal theroof unto the said Mort- gaga in fa simpk. ~a ~d a~m~nts ncxt due on the mortga~ed propertY (ail as estimated by the MortgagAe) less all sums already paid tf~erefw .'~nd the Mortgsgor henby oovcnants with the Mortgaga that dividod by the number of months to elapse betore one month prior he a indeteasibly seiud of said land in tee simpk; that he has tu4 to the date when such ground rcnts, ~remiums, taxes. and power and lawful right to oonvey the same in fee simpk u a~srnents will booome deGnquent, such sums to be held by Mort- ~fonsaid: that it shall be Iawful for the Mongag~ee, at all times gagee in wst to pay said ground rents, Pnmiums, taxes, and peaaably and quietly to enter upon, hold, occupy, a~ en~oy said special assasments; and land, and every part thereof; that the land is and will nmain fra from all encumbranoes; that said Mortgagor will make such further All payments mentioned in the praooding subsoction of this assuranoes to prove ~t~e fa simpk titk to said land in said Mort• P~~B~aPh and alt payments w be inade under the note secured gaga as may be ressonably roquircd, and that said Mortg,ag~r das ~~y shall be a~dod together and the aggrcgate amount theroof hercby fully warrant the titk to said iand, and every part thereaf, shall be p~id by the Mortgagor each month in a singk payment to and will defend the same against the lawful claims of ati persons ~ applied by the Mongag~oe to the folbwing items in the order set whomsoever. f0rt~: ~ (D ground rents. taxes, assessrnents, fire and other haaard in• Prorided aiways, and these prcsertts are exxutod and dGlivered suracwe premiums; ~ upon the folbwing oorxiitiais, to wit: W interest on the note securod hereby: . (iW amortization ot the principa! of said note; . iir) tate charge.t The Mortgagor agas to pay the Mortgaga, or order, the principal sum of Forty Seven ihot~td Tro Ilindred aM N/IM-- Any deficiency in the amount of such aggrcgate monthly payment shall, unkss made good by the Mortgagor prior to the due date of the next such payment, oonstitute an event of detsult under this ~ Dollars IS '~7200. @0 mortgaga The Mortgagee may colk~t a"late char~ee" not to exoeod tour oents (4t) for each dollar 151) of each payment more than fif- as ~videnad by a note of even date herewith, with interest from ~an (IS) days in arnars to oover the expense involvod in handling date at the rate of Ei~ht ar~d Or~ Half ~~~~9~nt payments. per antum ( g• 500 gb), per annum on the unpaid 3 That if the total of the payments made by the Mortgagor balana until paid. The said principal and interest shall be payabk under (a) of p~ragraph 2 proooding shall exaooQ the amount of at the offia of PaY??Knts actua!!y made by the Mortgag~oe ior ground rcnts, taxes and assrssments and insura~oe premiums, as the case may be, such CITYFED MORTt3AGE COMPANY exass, if the lo~n is current, at the option of the Mortgagor, shatl or at such other plaa as the holder of the note may designate in ~~~ted on sub~uent payments to be made by the Mortgagor, writing, in monthly installinents of or nfundod to the Mortgagor. [f, howevu, ttte moRthly payments Tt~rea Hutdrtid Siuty TMO and 93/iM made by the Mortga~r under (a) ot paragraph 2 proceding shall 362. 93 n°t be sufiicient to pay ground rtnts. taxes and assessments and im DoUars (S 1, surana premiums, as the case may be, when the sarne shall oommcncing on the trst day oi Apr i 1 , ~ g 87 due and payabk, then the Mmtgagor shall p~y to thc and on the first day of each month thtreafter until the Mortg~ga any atnount t~oessary to make up the defiiciency, on or before the data when payment of such gound nnts, taxes, principal and intertst are fully paid, cxapt that thc final payment °t ~rauranoe prani~ms shal! be due. U at any tiine the Mortgagor ahall tender to the Mort,~gee, in aoooMana with the of principal and interest, it rrot sooner paid, shall be due and provisions of the note securod hereby, tull payment ot the entire payabk on the Grst day of March, 2017 indebtodnsxs represented thereby, the Mortgsgee shall, in oom- puting the amount ot such ii?debtsdness, crodit to the aooount of And shall duly, promptly, and fully pe~form, discharge, execute, e[- the Mortgagor any balanve rcmaining in the funds aocumulated fect, oompkts, and oomply with and abide by each and every the under the provisiot~s d(a) ot said p~ragraph 2. If thare sha116e a ~ ' stipulations. agreem~ents. oanditans, and oovenants of said prcxnis• ~fault under any of the provisions of this mortga~e resulting in a ~ public sak of the premises oovered hereby, or if the Mongaga ac. sory note and of this mortpgc, then this mortgagt and the estate 9uires the property otherwis~ after defauh, thc_Martga~a shaU ~ hereby creatod shall oease and be nuA and void. apP1Y, at the time of the oommenament of such praceedings, or at Q the sa~tx time the property is otherwise aoquired. the balance then ~ And tbe Mort remaining in the lunds accumulated under (a) d p~ragaph 2 gagor tertber rnrenanta aa tolbwa: p~~g ~ a crtdit against the amount of principal ttien n~nain- ~ i~g unp~id under said note. ~ l. That he witl ~ T~t ~~~y ~~a, ~nts, water rates, and ~ pay the indebtodness as hereinbefore prc?vided. ~r ~ovemmental or municipa! charpes, fir~es~ or impositions, for Privikge is reservod to pay the dcbt, in whok or in part, on any which provision hai not boen made txreinb~fore, and in default ~ installment due date. tlxteot the Mortg,agoe maY p~Y the same; arxl that he wi8 prompt- Iy deuver ~he oificiat reocipcs cheretor co the Mare~a~oe. i . . PB~e 2 ot 4 , . _ _ , _ . -.c~.._.~.x._.......+. _.M.....,_......._ - - ._....e. _ , . ..,n- . --Y.~.~a . r ~ . -r-s----., c- . . ~ r h--