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Home My WebLink About0986 i . , i~ ~ ; . . . ? ~ , - , < . ~ , To Hare And To Hold the samc, together with all and singular Z. That, in order mote fulty to protcct tht sccuriiy ot this the tenements, hcreditaments and appurtonanas thercueto belong- mortgage. the Mortgagor, together with, and in addition to. the ing or in anywise appertaining, and the reversion and reversions. monthly payments ur~der the temu o[ the note secured hereby, on remainder or remainders~ rcnts, issues and profits thereof; and also the Grst day of each month until the said note is fuily paid, wili all the atate. right, titk, inter~st, homestead, separate eswte, pay to th~ Mongaga the folbwing sums: posscssion, cfaim and demand whatsoever, as wal! in Iaw as in A sum uai to the - equity. of the said Mortgagor in and to the same, and every part ~9 Sround rents. if any, next due, plus the thercof, with the appurtenances of the said Mortgagor in and to Prtmiums that will next bcoome due and payabk on policies of fire the same, and every pan and paral thereof unro the said Mort• and other hazard insura~ce sovering the mortgagod property, plus gaga in fge simple. taxcs and asussments next due on the moRg,agod property (all as estimatal by the Mortgaga) kss all sums already paid theretor , • divid~ed by the number o( months to elapse txfore one month prior . And tl~ Mortgagor hereby covenants with thc Mortgagee that to the datc whcn such ground rents. premiums, taxes, and he is indefeasibly seized of said land in fce simpk: that he has full assessments will beoome delinquent. such sums to be hetd by Mort- ~ power and lawful rig,ht to convey lhe same in fee simpk as 8~8~ in trust to pay said ground rents, premiums, taxss, and ~ aforaaid; that it shall be lawful for the Mortgagee, at all times SP~~aI assessments; and t peaaably and quieUy to enter upon, hold. axupy, and enjoy said (b) All payments mentioned in the praxding subsection of this land, and every part thereof; that the land is and will remam free pa~agraph and all payments to be made under the note secured ~ from all encumbranca; that saiJ Mortgagor will make such further hereby shall be added together and the aggregate amount thercof ~ assurances to prove the fee simpk titk to said land in said Mort- shalt be paid by the Mortgagor each month in a singk payment to - gagte as may be reasonably required, and that said Mortgagor dces ~ applied by the Mortgaga to the folbwing items in the order set hereby fully warrant the titk to said tand, and every part thereof, forth: ~ and will defend the same against the lawful c{aims ot alt persons ground rents, taxes, assessments, fire and othtr hazard in- ~ whomsoever. surance premiums; ri) interest on the note secured hereby: Provided always, and these presents are exP.cuted and delivered (iii) amorGzation of the principal of said note; upon the tollowing mnditions, to wit: (iv) late charges - The Mort Any deficiency in the amount of such aggregate monthly payment gagor agrees to pay the Mortgagee, or order, the principal shalt, unkss made goat by the Mortgagor prior to the du~ date of sum ot THIRTY-NINE THOUSAND (VINE HUNDRED AND the next such Rayment, constitut~ an event oi default under this NO/100---------------~»a~ ~S 39,900.00-----1. mortgage. The Mortgaga may oolkct a"late charge" not to excced 3 four cents (4t) for each doltar (Sli of each payment mare than Cf- ! • teen (IS) days in arrears to cover the expense involvM in handling ? as evidenced by a note of even date herewith, with interest from ~~~nquent payments. ~ date at the rate of NINE AND NO/100-------------- 3. That if the total of the payments made by the Mortgagor i per centum ( 9.OQ 96). per annum on the unpaid under (a) of paragraph 2 preading shall excted the amount o~ balana until paid. The said principal and interest shafl be payabie at the office of FIRST UNI0N MO RTGqGE CO PO ~yments actually made by the Mongagre tor ground rents, taxcs 4300 Slx Forks Rd Ra7e1 h N ~~TI~~ and assessments and insurancx premiums, as the case may be, such , g, Ot^th d1^0 1 nd exass, if the loan is current, at the option of the Mortgagor. shall ~ or at such other place as the holder ot the note may designate in be credited on subsequent payments to be made by the Mortgagor, ; writing, in monthly ;nstaUments of THREE HUNDRED TWENTY- or rtfunded to the Mortgago~. If, however, the monthty payments ~NE and 05/100---.---- ~~lars (5 321.05 made by the Morgagor under (a) o! paragraph 2 preoeding shall i not be sufficient to pay ground rents. Wxes and assassmtnts and in- ` commencing ai the first day of$ . 19$7 . and on the frst day of surancx prcmiurr~, as the case may be. when the same shall ~ each month thereafter until the become due and payabk, then the Mortgagor shall pay to the ~ principal and interat are fully paid, except that the fnal payment Mortgaga any amount neoessary to make up the deCxiency, on or i of principal and interest, if not sooner paid, shall be due and before the date when payment of such ground rtnts, taxes, ~ payabk on the first day of 2017 as~mcnts, or insurana premiums shall be due. If at any time the ~ ~Uly, Mortg,agor shatt ten~r to the Mortgagee, in axordanoe with the provisions of the note secured hereby, full payment of the entire And shail duly. promptly, and !ully ptrform, discharge, execute, ef• indebtedness rcpresentcd thereby, the Mortgagee shap, in com- s fect, complete, and comply with and abide by each and every the puting the amount of such indebtodness. credit to the aocount of stipulations, agreemenls. conditions. and covenanu of said promis- Mortgagor any ba~ana remaining in the funds aecumulated : sory note and ot this mortgage, then this mortgage and the estate under the provisions M(a) of said paragraph 2. If there shall be a hereby created shall vease and bo null and void. ~~ault under any of the provaions of this mortgage resulting in a ~ public sak of the premius oovered hereby, or if the Mongaga ac- quires the property otherw+se after default, the Mortgaga shall And the Morigagor further corenaots as tottows: apply, at the time o[ the oommencement of such provadings, or at ~ the same time the property is otherwise acquired. thc balance then ; remaining in the funds aocumutated under (a) of paragraph 2 ~ 1. That he wil! pay the indebtedness as hereinbefore provided. Rroceding as a ctodit against the amount of principal then remain- i ing unpaid under said note. ~ Privikge is reserved to pay the debt, in whole or in part, on any installment due date. 4. That he wip pay all taxes, asseuments. water rates, and ~ othe~ govemmental or municipal charges, fines. or impositans, for t . " - which provision has not ban made hereinbefore, and in detault ~ , thereof the Mortgagoe may pay the same; and that he will prompt• ly dcliver the ofC~cial reoeipts therefor to the Mongaga. ~ . . Pg9e~ ~ t 0 R ~ gaoK P~CE c