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'1l~e Mort~agor hereby rnrenanb wiW tha Mortp~ee. Mat he/she Is [ndeteadbty ~tsed oi add` land ia fee dmpte oF •
such othec etta~e- it ~ny~ ~t 4 stated heeeta; that de%he h~c tull power ~nd is~rNl d~t to conrey the ~e ~ ~tioeaaid; that
ths l~ttd i~ hee ~t al! ~cumdram~t e~ccep t r derein aWetwHa redted; tb~t Nid MoKp~or will aialc~ wch tluther
~tutancss W pra~ro t~e atoreu~ld tiNe to ~id tan~lla caid Mo~s ~epupr be re~aabqr requind, and thtt said Mortgasor
doa heceby ittlly wurant the titta t~o aid t~nd~ and erery part thee~eot, tnQ will defec~ the wim ypirut tAe lawtW clNau oi
~11 peuorw wbwntoe~er. .
PROYIDSD ALw~YS that if tbe Moctgagor ahalt p~?y unto ths Mortg~g~es tau?0 oertaia promia~ory nots. oi
~ wbich f~he foUowing is a~ubstwW?1 ooPB, to wii:
i 58,700.00 PORT ST. LUCIB~
- July 22, ,19 .
Foa Vw~.vs Kscstvsa, the undecsi~ned praonise(a) to psy t~o
~ HOUSING MORTGAGB CORPORATION
, s corporstioa org~anised aad ~under the
~ PENNSYLVANIA ~~~el~ ~ p~ppa ~m o[ FIFTY EIGHT 1`HOUSAND 3 SN HUNDRED
AND 00/100----_-.---------------------- Ddlars (i58,70Q.OQ witb intec~est fe+nm dut,e st
~ the rate ot TEN AND NO TENTHS per oentum ( i0.0 Per annum on the uap?id b~lanoe until paid.
'Tbe esid principal and interest ahaU 6e psyabte at t~ee oflioe of ~
AOUSING MURTGAGE CORPORATION, P. 0. BO% 48
p oe
~ PITTSBURGH, PA. 15230 ~ or at such other plsoe aa the hdder may d te in writing
delivared or mailed to the debtor, in monthly inatallmenta oi~IVS AUNDRED FIFTEBN AND 13 100-- ~
• 515 .13 ~~~cing on the firet day o! gg,pTplrlgER , 19 87 ~ and oontinuin~ an t6e
6ret dsy oi eacL month thereafter until tbis note ie fuUy paid~ exoept that, ii not eooner paid~ t6e fina!p~yanent
of princig~l ~?nd interest shatl be due and~payable on t,~e first day of pU~gT , 2017 .
?n
pririZe~e is re~erved to prepsy st any Lime, without n~miwa or fee. We entira indebtedoees or i?ny pari
tbenoi not lea~ th~n the unount oi one iastAIIa~eut, or oae bnn doilan (i100.00)~ whicbever i~ ka: ptepaymeat in tuQ
divl be credited on tha d~te receired. Pattlsl prepiydaent, otber thao on aa ~at due date. rned aot be creditM until
th~ na~ct i~owint tastdhnent due dste or thirty ~yti attear such pnep~yrneat. whFcbee?er 4 eatlier>
Ii sny defic~enay in the payment oi any iastailment under this note is not made g~ood prior to tLe due date
of the ae~t aucb inatallnasnt, _the entin principal aum and scxrued int,erEat svaU a~ onoe beoome due aad p~y-
able witbout notiGe e?t tbe optaon oi the 6older oi this note. Failure to ezerciee t,hia option absll not eonatrtute
s waiver of the right to eserciae tl?a same in the event of sny aubeequent default. Ia t6e eveat oi detsult in the
• pi?yment of this note, snd it t.he esme is colleated by sn sttorney st lsw, the ua~arsigned hereby agree(~) to
pny sll ousts of collectian~ including s reeaansble sttorney'a fee.
Tbis note is eecured by mo~ oi even d~te executed by the undereigaed on oart,atn property deecribed .
thereiu and repre~$nta money actu y used for the acquieition of aaid proparty or tbe impmvementa tL~ereon.
Presentment, pmtest~ snd notice a~re hereby waived.
~~Q~~Q_,~A~S MOLINIA (g,g~L~
._LJ T,nAUx T~1Q~TNIA _ - ~SEI?L~
[SEAL]
~~L~
And ebaU duly, promptiy, aad fully pedorm, disc~arge, execute, effect, complete, snd eomply with sad abide
by each and ever~? the atapulatioa8, agrsementa, conditione, and eovenants of esid pmmieaory note sad oi this
mortgage, thea th~a mortgage and the estate hereby created ahall ceaae e~ad be null aad void.
T6e Mortgagor further oovcanante ae followe:
1. 'Ihat he/she will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at
' any time, wifihout premium or fee, the entire indebtedne~s or any pazt thereof not less than the amount Qf
one installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited
f on the date received. Partial prepayment, other than on an installment due date, need not be credited until
t the negt following installment due date or thirty days after such prepayment, whichever is earlier. ~
_ 2. In order tnore fuliy to protect the security ot Lhia morigage~ the Mortgagor, together with,~and in
addition to, the monthl~• pay~~ienta uncler the terms oi tlie note secured 1?ereby, on Lhe firat day of ench month
until tlie seid note is iully paid, will pa~• to the :Viortgagee, as trustee, (under the terms of t,his trust as herein-
after atated) tlie following su~ns:
(e?) A eum eqwJ to the ground renta, if aay, aext due, plua the preaniums that wiU next become dne and payable ~
on paliGies of fire aa@ other ha~rd insuraace coveruig the mortgaged pmperty plus taxes and tta~essmenta
next due oa the mortgagad propetty (sll aa eetimated b the Mortsagee ~ oi which the Mortgagor is
notified) leee all eums atready pud therefor divided by ~e number ~ moatt~s to eIe~pee before one month
prior to tbe date whea auc6 ground rente, pnuaiume, taxea, and ~eee~naits will become delinquent,
euch eume to be hdd by Mort;a~eemtrusttopsyesid~oundrrs~?ta,premiume~taxee,aadapecialasaessmeata.
(b) The aggr~?te af the amaunta.~sble pureuaat to aubpsra~rsph (s) and thoee~s~
yable oa the note a~red
herrby, ehall be psid in s psyaieat~ee?ch moath, ta be sppUed to the f~tio~ring items in the arder
st~e?ted
(n ground rente, tauea, s~ssmente, fin~ aad othar ba~sard inaurance pnmiums;
(II) intRe+eet on the note secured benby; aad ~
(III) aanortisatioa at the principai af ssid note.
Any de&ciencq in ths amount ot suc6sggregste monthly payment shsll, unless made good by the Mort-
gagor pr~or to the due date of the next such psyment, const~tute an event of defsult under this mort~a~e.
At Mortgagee's option, Morig
agor will pay s"tate clisrge" rtvt exceeding tour per centum (4%) of any inats~il- ~
ment when paid inore than fiftcen (15) da~ys sfter the due dste thereof to cover the exLra expense involved in ~
handling delinquent psy tnents, but auch 'lste chsrge" shsll not be paysble out of the proceeda oi sny sale
made to satisty the mdehtkdness aecured hereby~ unless such proceeds are eufficient to d~schar~e the entire y,
indebtedness and aIl proper coats and expenaes secured thereby. ~
3. If the total of the pe~ments niacle by• the. Morlgngor under (s) of para~rupli 2 preceding shsll exceed
the smount of pavments acLuaU~ macl~ b~• tlie Mort~agee, as truatee, for ground renta, taxes and esaessments, ~
snti insursnce premiums, as the cese ma~ be, such excese eliall be credited on subsequent paymenta w be made LC~
bq the Mortgagor for sucl~ itetns or, at Mortgogee'e option, as truatee~ ahal! be refunded to Mortgagor. I!, 1C~
however, euch montl~ly~ psyments st~el! not 1x~ guffirient to par such itenls when the aame ahall become due ~Q
and paysble, then t1~o Mortgagor ahnll pav to tl~e Mort~ta~ee, as truetee~ anv smount nece$s~ry to mske up
the deficiency. Such pa~ment 81?ell be uiuc~e within thirty (:i0) da~~e efter written notece from the Mortgsgee
ststing the smount oi the deficiency, which notiee msy be given by msil. If st say t~ime t~e IH[artgagor ~aU
a:
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