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9~~J 'i If /. t i:.
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th.l,.\l
.....hich Bald nota 16 dAted .July 26, loih2, i'li\d fH:1C\.lrea p3"'l{;4:}nt of
$5h,700.00.
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^~~D Wlll:,Rl:~^,S. the piUt.y of the f!cco!\d P<'L't hilll d4~cl1.ned
to clOtH" 6Rid loan f()l' ~56, '100.00 OOCl\Uf:le the p.u:ty of the [trot
p<.U"t 18 the owner of the fe,.: 61.mple tltl(' on the property covcl'e<\
by thO HiHd m~.Htq;,ge for Slli5,OOO.OO. l.P\ltHW ilnd until the pdr:ty
of the f1.rat. p<irt ~Jhdll IiUlx.H'dln..ltc t:.n fee slmplt' title .md h1.6
lntf~rt)fjt 1n the <looveJ') ye.:u: l.e.:\iHl t.o t.ho lien of 8ald mot"t'J<ilJe
dut.ed Mdl'ch 4, IJ~:d, dnd'satci note dated July 2l.., 1102, and th('
party of the !.econd part .....111 not diBbul.'oO ilnd p~y proceeds of
aald note ddted July 2&. 1 J(,1., except on the conditlon that the
party's of the first pdrt fe'le simple title .lnd 1110 lnt~ret~t in
t,he ';) yoar ledl'Jc be subordloatcd to the 1 len of said rnort<Ja9'~
to tL(: p3rty of the tll..'cond pi\I"l insofar M.J tho fLU,y HCcures P,'lY-
n\OIH. of t.he or1q1.0,\1 promiuso:cy note thereto .,ftL-:ed and dlao the
Hdl.d note do.tHd July J.b, lH)2.
Ho{, THERt:F01tl:~, the par:ty of tho firat part, for dod in
cQlio1deratlon of the ~UJn of $1.00 13l\d otli,~r vdludblt~ conaider,ltioou
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to him io h"nd paid by the p,lrty of th;~ oecond part,. t:',c rece ipt
."-".
of ....''bleh 1.6 hon.,by dCJ.<;r1owled:jed, .300 in ordor to induc!.' oa1d piuty
}~
.-;)f the Hocond part to cio8e th(; lO<Hl under said n(.)tf: o.ltHd July
~6, 1 )62, hcHi and horeby~, in all r.e6pect8, Huhordi!liit.e, ']l'l111t,
barqain, tit;lli, delniIH~, l"oltad6e, convoy dnd cOllfi~.11\ the f~e aimpie
tItl.] of t.he d'o(lVO daacribed pro~r-ty dnd his inter eat. 1n thf~
(...bOVl>;~ defHTlbi!d 'J') yoar leilt!u to the lien o! aald rnort{J<'i')6 to
6<.)lU party of th(J secund p':irt .:\od inflof..r ~t~ the same 6Cilcures
bot.h the or lq ioa 1 obl i(Jat ion u6cured theX' eby and nald Open-Elld
r,dvonco note dat.ed July 26, 1'162, and dOfiB heroby d{jre~ and con-
lH'Hlt that h 1s t 1 t 1e and h 18 lelU1Q on tlie abov(1 doeer 1.l~ pn'imiS9S
18 ,Hid t1hdi 1 be and remain in fer loX" .:!nd 8ubord inato to Gaiti m()rt.-
gtt<:je to oa1d party of the; ljecond p~rt. fig to all .lOlltHI and fUllQ.S
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