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gl- 6)t~0938
<br />R't3 HAVS ,iAm To HQLi) the sa3tre unto the Mortgagee, as herein provided. Mortgagor represents Lo,
<br />sad covenants. with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free fraa3 encu3nbrat>ce, except as hereinatherwise recited ;that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persona whaartsoever. Mortgagor hereby relinquishes
<br />alt rights of homestead, aU marital-rights, either in law ar in equity, and all other contingent interests o€
<br />the Mortgagor in and to the above-described premises.
<br />L}I.wAY3, and these presents are executed sad delivered upon. the falIOwiag eondltiaas, tg
<br />wit:
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the Tate of '1'€;rP.[.VF; and 37 511 rlilf3 per eentnm (I2.3~j per annum on the unpaid balaaee untit paid:
<br />Ths said prin=cipal and interest shall be payable at the ofttce of t'ot w°,.ercial Federal Savings- 6 Lana
<br />~ Kearneg, *:et rarka , or at such other place as the holder of the note map designate in
<br />writing delivered ar mailed to the ;<iorgagor, in monthly installments ai 1'?iRl'g 111RdfaRED NI`7E1R 4klE
<br />I)allmiss ($ 341.3q ), eommeneing on the first daY a1 Anril , 1g $>artd continuing an
<br />th$ Rrat dpy of each month thereafter until said Hate is fully paid, except that, if sot sooner paid, the final
<br />paya3ent o€ principal and interest shall be due and payable on the first day of March, 2fS I 1 ;all
<br />ar~ording to the terms of a certain promissory note of even date herearith executed by the said Mortgagor.
<br />'1 }t8 Mortgagor further agrees:
<br />L He rsill Pay the inrlc=6t~clness. as hareinbefare provided. Privilege is reserved to prepay at any
<br />time, without premium ar fee, the entire: indebtecinc:ss ar any part Chereaf not less than the amount of one
<br />installment, or one hundred dollars (S1fHl.0(11, whichever is less. Prepayment in full shall be credited on
<br />the data naceis+ed. Partial pa+epaymet3L, other than on eta installment due date, need Hat be credited until
<br />she next follaw•iag tnst~llmeat due data or thirty days after such prnpaymeaat, whichever is earlier.
<br />2. Tosether with, and in addition ta, the monthly payments c>f principal and interest payable under
<br />the terms a€ the note securest hereby, 1lartgagor will pay to ~lartgagee, as trtastee, t under the terms of this
<br />trust ss her~einatter statedl an the flrat day of each ananth until said note is fully paid:
<br />(a) A sum equal to the ground rents, if any, next ;iva_, plus the; premiums that wilt neat become due
<br />and payable rn policies of fire and other hazard insurance ca~•ering the mortgaged PrePert}',
<br />pins taxes and a.~ssments next. due oat the mortga~xi property (ail as estimated Ly the Mort-
<br />gager, anti ctf ;tfiiich the Mvrtga~r a not,tierti 7 ?e'sz ::li sums alea~-ady paid therefor divided by
<br />the nvmFxsr of months to elapse tx~f=~r:'• nrs<~ snr,c~ti~ ;~ri+,r° t33 the .late .then such ground rents,
<br />Irremiunsa, taxes and asa+rrtrnts ~csii ixr:amr +Icri:r.~uent, such sums to be held by Mortgagee
<br />in Lrnst to pa}• sai+i grnunfi r+*nis, premiums, total and spe~iai asszxasmer.Ga.
<br />{63 'T'he altgregat+~ :.=I the ana.,nnLa lisp:able pursuant !„ subparagraph ~ a l and Lhasa payable on the
<br />Hate isecvr«i herby, shall ~ iaairt in <c Fin~it, pe.f m€=ist =>a~t: mr~nth, to be applied to the follow-
<br />ing iteans lathe rrder stateri
<br />ts! ground r«nis. tazex.;,sssnteitts, ikre am „theE iaazard ;nsurance premiums;
<br />Ct31 Snterest+~ta the +aat-e secures tter~~b3-; an~#
<br />?t531 amortizatisxn cf the prir:ctpal =,i` raid vtt•.
<br />Atty detic~i€nc} is the am==unt of an r s,:rh aggr~gat,~ mo ithiy ,;ayment shall. unless made good
<br />by 4he Martgas=ar T~r:or° tr, the riue date «3 t^~ next such u°a}•ment-, r:anstitutr an went u€ default
<br />under this innrtgage. At ~fnrt;fa;t~'s ~,l,ti3n-. Sls~rtgager a~ili pay- a "late charge" not exceed-
<br />ng four per centum s i ~ } ut` any rnstriI mar:t when paid more than fifteen (1'al days after the
<br />due datr_ thereof to ewer th~* extra exp€=a;rx> ::} a'~.°,*ri i;: handling tielin<;uent paymentz, but such
<br />" late e:==ergs" slash Hat t~ parable out ,sf titE pr.-+L~zs r;f ans• salE made to satisfy the indebted-
<br />ness secured hereby, unless such proctwria see sutliciNnt io discharge the entire indebtedness and
<br />all prataer costa and a;pensea a+revr:~si t3aerebs•.
<br />3. If the toast of the payments made by the 3tortgagrn loader (nl of paragraph 2 preceding shall
<br />eu~sd the samosa of payments actually raade b} the t9r,rt;~agee, as trustee, far ground rents, taxes and
<br />or insurance premiums, as the crse may hr. such excess shall to credited by the Mortgagee
<br />an S~abg33ent paya~nta to be made by the Mortgagor far such itr±ms Or, at Martgagee'r Optlan, as trustee,
<br />shall tae re€uaded to Mortgagor. lf, ixaww~.-er, such raaonthlc ps~'mgnts shall Hat b e sufficient to pay such
<br />itaems urltsa ~ same shall bet~33rxe due and payable, then thA 4ortgagor shall pay is the Mortgagee. as
<br />trsts~e~e, 8Ay amount recesrarg• to male vp the rle{iciency a-ithin thirty (341 days after written notice from
<br />lase Mortgagee stating the amount of the det'aeiesac+~, t+rhi+~h notice may be giren by mail. If at any time
<br />r~ Mortgagor shall *.ender tea Lisa ~iortgs :n accordanrx s~•itft :he prfavistons of the note securc=tl
<br />-Y, fufi ~t of the satire iadebtedae~ represented thereby. tF :yortgagee, as trustee, snail,
<br />iA car<apti#ing the aancsunt of such indebtedness, credit try the account of the 3ortgagor any credit balance
<br />tuedar lase ptrovisinna of ta) of paragraph ~ hereof. If there shall be a default under any
<br />~ tlye pssrniaioas of this ;z3crtgagr resulting is a public sale of the ptemir~s covered hereby. ar if the
<br />a~uires the property att3erw ise after default, the ~4urtgage+t.:is trvetee, shalt apply, at the
<br />' o€ t taf su~3 prar€edi :ga, ar at U~ ti3t~ the Property is affrerwise a~uired, the
<br />s ~ to credit the Alrnrtgagar under cal of paragraph 2 preceding, ss a credit an the
<br />ta~raa! asp' unpaid sad the 6alanee to the principal then remaining unpaid on raid Hate.
<br />~. 2hi a lino of this instrn[etat shall rc.,~.a,t• in fall farce and effect during an> postponement or exten-
<br />:t o-_° _.'~°~ t of wrtt of i.tsdr:=~ r s34y part thet'r:~,f cured harEbv.
<br />~. fig wl pap alt Rrrrnnd retats, taxes, assnseata, xa~~r rags, and other govc±rnmental ar mnnici-
<br />.`~ ~ !toes. ecr itapsmritians, tev:~i capon said premiser and that he ccidl pay alt taxes levied upon this
<br />ar d secured thereby, taigether x~#t$ any other tazrs or as~~ments ~~hach may be levied
<br />tl~ s a#' la7raai3a aigtainst the Mertgasg~, or'.rv lsi heicfer st said pt~nrpa3 n„tr, un saeannt of
<br />this zttd ~taaapt whr, n paxr~snt for atl surly Ittr!ma hrr tl:rret±tf:~a~ In made ntader i rt) of para-
<br />gt'aptt 'g ~f, and he wilt protrcptly delirt+r the ofl3cstat rek^c±iptr iltercfor tc+. thr• ?#ortgtgt€~e- In default
<br />tb~ Mtirt~ n'z~y t'ay tla~e ssmr..
<br />At3sae.
<br />and 3©!1
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