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86- 104692
<br />'3`G 1j.�1'zr aNn Tr1 llrn',as tlxe erne $auto I„ y, ,3� rtl: t.a,: tic li,. color ilt�F's: i tai. Mortg
<br />ago r represents to,
<br />and owenants with. the Mortz eot% that the AlortgAiror has 'wxY'q nrhl to '11 and convey said preinises',
<br />that they are free from encumbranve, except as br eye mot! et",, ii, reeiiiNi. that the M.rtgagorails warrant
<br />and defer d the same against the !awful claxns of all IA=m i swhooisoevr, Mort o
<br />r hereby relinquishes
<br />all rights of horntstead, all marital T101s. either in, law or in equAy, and all other contingent interests of
<br />the Mortgagor in and to the above-dt.s,eribed premises.
<br />Pwam ALWAYS. and there presents are executed and dvb*v, reA upon the following conditions. to
<br />wit-
<br />Nfortga;ror agrees in pay the afbm'Aid princil:W sum with interest from date
<br />at the Tate of Woe iv.r (-"turn f S-ODI,r) Trx-r annum crn the impaid balance until paid.
<br />The said principal and interest shall 1* payaNeat the tNtYkeof _%MIOR 11INT&AGE, INC.
<br />in GMW IStAND. WEEIRAW or a-, ;ucln other jilace as the lAdor of the note may deg ignate in
<br />writing delivered or mailed to the Xlortoror. in ruz�thlyinstallrn ,P ts of Wine Hundred Thirty-Three and 13/100ths
<br />j►oUxr,,, (S 933.13 4, commenCina on the finml 4ay (4 October .1,186 and continuing on
<br />the first ciao of each month thereafter until said note is fWUy paid. except that. if not sooner paid, the final
<br />I wym, e nt of principal arts: i., i I e: - c s 1, s 1 i a] 11, 1 i ue and pa, a b ke on i v fi 11 t c ay of 5 e Pt- d - r, 2 N 1 all
<br />according to the terms of a eei-,a =n p rr#o) -
<br />A !11, dat,- hc2mirith executed by the said Mortgagc1r.
<br />The Mortgagor A, mher agrees
<br />1. Heishe will pay the indebtedness, as herembefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee. the entire indebtednew or any part thereof not less than the amount of one
<br />mstaftlient. or me hundred doll'ars (93 .titl twhicliever is less- Prepayment in fun shall be credited on the
<br />dale Tece.wed. Partial Prepayment, other than on an installment due date, need not be credited until the
<br />twit fallowing, Installment due date or thirty- days after such Prepay went, whichever is earlier.
<br />Togedier -with, and in addition to, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor will pay To Mor tgagee. as trustee, (under the terms of this
<br />trust as hereinafter attaW) on the first day of each nvmth until said note is fully paid -
<br />der) Assum ecrual to renis. ifanw, r-e-_wft due, n-lus tbt premiums that will next become due
<br />and payabhe on 1xilicivs, of fir and oth+ hazard insurance, covering the mortgaged property,
<br />;Aus taxok. ;'InA w'l;t-s>intnts next dre uT; th- inkirtgag-f1property (all as estimated by the Mort-
<br />gagee, and ,.+fwhx+, tv,vinfi-e-d) 4,-ss aq sums aj;t~,a& paid therefor divided by
<br />the numl_ -r 4uf Months -.w k4apsc ,� Afort me mi-th prior to the, date when such ground rents,
<br />premiums. taxes ar-i assp--'�;Mntmi wil; U,,eroine tJeli-iquent, such sums to be held by Mortgagee
<br />in Irwk, 116 pay saki gmund 117,'Mt.;. Pr1e'V,'!U7n,-, ta',W-S and special 2S$eS=ents_
<br />_J�' _ subparagraph fa) and
<br />(6) The aggrvga-te of th,- amounus. payabAt- jam; those payable on the
<br />note '-ecurcd herA)V. Shall b." -�Wd in sttjew navm nn t-auh nioath to be applied to the follow-
<br />ing items m the ,rder statf,"I
<br />or, thc note vur d h.:.'F,bv -
<br />ana
<br />i ul) amortizatkm 4:d th, pr"Mcipal of said nmte.
<br />Any 4-66-c-n-ey ?hV arlo4a.11 -.f anY 4twl- awrvgate �rnonathjy mynivzil sly, unless made good
<br />bV tbe T'WiCW next . zuAn tai erit, eenstitute an event of default
<br />under 'his mcv!lgag�c, A,, Nlortgag&r WHI pay a 'IRtecharge" not • exceed-
<br />ing fvur ;w-r ct,satjini i I f ay :- , AMI. 1.. metre than fiftoen (1.5) days after the
<br />elute ilatl tile,'= 4 to CONer the r'Xlra invtAved in handimg (-Plirsquent payrnents, but such
<br />"late chargx''Sall not lx ayab# jt thrrx�t .A$ fif any sale made era satisfy the indebted-
<br />ness se_uraA hvn:JAv. jrb ss: 44vtb n d.zschargl(� the entire indebtednessand
<br />all prolxr costs and exper-s. . -s. tiler r-by.
<br />I If the total of the Paymmats made by the Mortgagor under Via) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by th�- Mor-gaget, as trustee, for ground rents, taxes and
<br />assessments or insurance premiums, as the tasw nWv tx . such exr ess snall be credited by the Mortgagee
<br />on subsequent payrnents, to be made by the Mortgagor for :iuch stems or, at Nortgagv--'s option. as trustee,
<br />z)WI be refunded to Mortgagor. If, howe-vt-r, such month!y 1—yayinents shall not he suflkient to pay Such
<br />items when the same shall become due and payahl, 4 ]NV*rW
<br />,1�(_+j the A9Qr $hall JaY to The MtWtgagee_, as
<br />trustee, any amount nee&.,&ary it, make up tiw defi(,ency withir thirty s, 30) days after written nobet, from
<br />the Mortgagee stating the amount of the d*'Sci*lw . -whwh nollee 'nay b,' jrw'n by mail. If at any time
<br />the Mortgagor shall tender to the Mortgagc, in ilh the ;)T-(Yvjsvms A the n(Ite _Sec:urt,j
<br />hereby. full payment of the entire indAitpdness rep r-sot-n-ted the Afortgagc*. as tr3stee. shall,
<br />in computing the amount of such mdehtvdness, iT'A-A I,-, th' 1 r:-1. aml faf tl4_, Mortgagor any cnAit balanoe
<br />accuttitutated under the provs=.s of fa) of p&ragra;A. If therershall be a default under any -
<br />of the Provisiom of this mortgage, resulting in a pvtrtiz tit ,t;
<br />ti
<br />hereb
<br />_Y, or if the
<br />Mortearee acquires the projwrty otherwise after defau.", Uw MortgA�1tee- as trusuv_ _%Lall applv, at the
<br />time of thorominencernerit of such prxwoednigq. or at the tints= the property is (Aberwisses acquired. the
<br />&=ant then remaining to credit the Mortgagor under jr.) of Warraph '! preCk-ding, as A Credit C-h the
<br />Interest accrued and unpaA and thv ba!ante 11, th, prTW-jAJ tbi-n rt-mining unpaid on xaid note,
<br />4. The lwt of misirtinwm Oial', r,Tnaziq.'Ta 11.1.1 fOr"l- :at +i t f"ACt elUrinii 3r' ClUn-
<br />sion of than o" t,Avrtw' of 9w
<br />5, He 0,4,, W41 Pa) all ground Venl* "Axes' as*~uente' wa!q'T rut--S, WA t'utl-r
<br />rounwipw rharvft' or 4-s-wd Upc*" �4AK3 prvfni*-P ;And 'WhIll tog sh* AW !'tY aN
<br />14f,'Ar thO ,r ti-J. ji-111 1A1113 1'joltbvy� --S Air 40,1 i,L'wt iaxe% na vm,%&mvrjA Whj-.,h V.,�At
<br />to" 1^iod Lu-'de- !he lawl� ,'f "WMVI! "'ry 'At'v Jail i-Ir, gaol 'pr.t�A 'W NoJ4• '
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