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<br />Tci HavE atvn To lloY.az the same unto the Mortgagee, as herein ps^avided. Mortgagor represents tv,
<br />and eavenants with, the Mortgagee, that the Dlortgagar has good right to soil and convey said premises;
<br />that they are free from encumbrance, except as hereinather~a•ise reczited ;that the Mortgagor kill warrant
<br />and deferAd the same against the lawful claims of aii persons whomsoever. Mortgagor hereby relinquishes
<br />all tights of homestead, ail marital rights, either in law or in equity, and all other contingent interests of
<br />tEte Mortgagor in and to the above-described premises.
<br />PROVIDED ~a.wAY'S, and these presents are executed and delivered upon the following conditions, to
<br />wit;
<br />Mortgagor agrees to pay to the lortgagee, or order, the aforesaid principa! sum with interest from date
<br />at the rate of fourteen and one halfper centum (14. 5~i) per annum on the unpaid balance until paid.
<br />The> said principal and interest shall lre pay able at the office of The 12ichard Gi11 Company
<br />San Antonio, Texas
<br />in , or at such other place as the holder of the note may designate in
<br />wri+ting delivered or mailed to the tiiortgagar, in monthly installments of Four Hundred Twenty Eight and 75/
<br />Dollars ($ 428.75 ), commencing an the first day of March , 19 82 ,and continuing on 1C:)ths
<br />the first day of each mozrtlr ChereaYter until said note is fully paid, except that, if not loaner paid, the final
<br />lrayment of principal anti interest shall lx. due and payable on the first day of February 2012 ; al!
<br />according to the terms of a certair: p ramissary note of even data here.; ith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedness, aS heeeinbefnre provided. Privilege is reserved to prepay at any
<br />time, without premium or lee, the entire indebtedness or any part thereof not less than the amount of one
<br />in.«•c..allment, or one hundred dollars f$100.t)U), tivhichever is less. Prepayment in full shall be credited on
<br />the date received. I'artia! prepayment, other Lhan on an installment due date, need not be credited until
<br />the next following installment due date or thirty days after such prepayment, whichever is earlier.
<br />2. Together with, and in addition ta, the monthly payments of principal and interest payable under
<br />the terms afthe note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the t°,.~„a of this
<br />trust as hereinafter stated) ou the first dap of each month until said note is fatty paid:
<br />(cz) ~. sum equal to the ground rents. if' ant, next due, ,;;us t're premiums L~~.at will .next ~a!ne due
<br />and payable an policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes .zncl assessments next due cm the mortgaged property (all as estimated by the Mort-
<br />gagee, and of tr hich the Mortgagor is refilled) ions aii sums ahrady paid therefor divided by
<br />the number of months to elarse before one month prior to the date when such ground rents,
<br />premiums. taxes and assessments «-iii F,ecanze delinquent, such sums to be held by Mortgagee
<br />in trust to peg said ground rents, premiums, tales and special assessments.
<br />(fi) The aggregate of the: amounts payable= pursuant t.o subparagraph (a) and those payable on the
<br />Hate secured hereby, shall !~ paid in a single payment each month, to be applied to the follow-
<br />ingitems i nthe oz•rlerstated
<br />(i) groan:] rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(ta} irzterestorz the note secur•cd hercb~ ;and
<br />(tat) amortization of the principal of said note.
<br />any deficiency in the amcnrnt of azzy aucia aggregate monthly payment shall, unless made good
<br />by the. Aortgagor pa•iar to the due date. of the next such. payment, constitute an event of default
<br />under this nrartgage. eft ikiortgaSCc,e"s option, llartgagor will pay a "late charge" not execed-
<br />ing four ;ac~r cetztum ('4 "o ? of any install mexzt ~F hen paid more than Rfteen (15) days after the
<br />duo dale thereof to cover the extra c~xpeztst: involved in lsanc}ling delinquent payments, but such
<br />"'late charge" shall not lx' payable out of the proceeds of any sale made to satisfy the indebted-
<br />ness stx~urec hereby, unless such proceeds ar•e sufficient to discharge the entire indebtedness and
<br />all proper a>osts and expenses secured thereby.
<br />3. If the total- of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments aefualiy made try the Mortgagee, as trustee, for ground rents, taxes and
<br />assessments<or insurance premiums, as the case may be, such excess shall be creelited by the Mortgagee
<br />on subsequent payments to be made by the 3lfortgagor far such items or, at Mortgagee's option, astruatee,
<br />shall be refunded to !4iortgagar. if, however, such mat:thly payments. shall not be sufficient to pay such
<br />items; when the same shall become due and payable, then the 3iortgagar shall pay to the Mortgagee, as
<br />trustee, any amountnecessary to make up the ciefieiency within thirty (3ti) days after written notice from
<br />the 3dvrtgagee stating the. amount of the daftciency, which notice may be given by mail, If at any time
<br />the Mortgagor sha31 tender to the Mortgagee, in accordance with the provisions of the note secured.
<br />hereby, fall payment of the entire indebtedness repz~sented thereby', the lriartgagee, as trustee, shall,
<br />in computii+.g the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />accumulated under the provisions of (¢) of paragraph 2 hereof. If. there shall be a default under any
<br />of ±hm-p=.a 'sio:s of this n_+ortgage resulting in a public sale of the premixes cover hereby, or" if the
<br />Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the
<br />t?me of th€ c;omtnencement of such proceedangs, or at the time the property is otherwise acquired, the
<br />amvuttt then remaining to credit the Ma*_•tgagar under (a) of paragraph 2 preceding, as a credit an the
<br />intermit accriard end unpaid and tFz~ bal~an~e to the principal then remaining unpaid on said note.
<br />~. ThF ~ z~n cif this instrutr ~ nt ?.,till remain in full force and e#fcct during any pastpanement or extsn-
<br />ozt o f she .r me o t payment of . he- _ .3eb: ~ ~tlness or any part therec>f secured hereby.
<br />`,. llc, ~~.iil ra~• a[l t'aurat rc= ts, taxes, zuase~srttenta, tivater rates, and other governmental or munici-
<br />,~A, . i,rr~a. ;-~__s. ;ar 'sr cx,-, tturzs, icxvied upare said preanises and that he will pay alltaxes 3evied upon this
<br />mt::rtga~_, he ~.i~:: ~ aec.ure~l tlaer^+~lxy, trryrc~.ther ~:ritiz. any other fasces err assessments which may be levied
<br />•.t;c ie-r ti~.ec .2vrn ,~; y 4~ :. r:a :.a~?.:t~t °' , .`.ic3rf:K:sgc~„ ar the legal balder e:tf said principal nateS, an account of
<br />;.t ,. ~rdeh ,:cts,~r~w, so,;t,' .,n [,e.pm ;<< ter gall :xueaa iterzas leas thez°eYzii«re txeear rzaade under (ex) of psu'a-
<br />,ra,,:> ;: ~: _c,:. =:+1 he ~:-il p:+~s~rap~.ly efc~li~°er t12a1 rsiilcnal retc+zps chrre car to the ~1oa`tgs~,ge~. In default
<br />:F`p r .C.; `?;. 'yl,i,2 y~ash. -7. ~, y ire,
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