HomeMy WebLinkAbout2037 v..~. ~ ~ ~ A~
M~1rA ' ' .
• ~tamps v~rc~re a#~ix,;" tr~ i~~ ~rigi~ia! note 1
r~nc~ 4l ~us~~ ~t '~+rJ~~-- and .
in the p ' F '
; Cancetled. ~ .
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Tas Foa~ooiNO Coxva~rexcs is iatended to be, and is. ~ nwrtgage to ~cure t6e payaxat of ~np '
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' pe+omissory pote.~ of d~te Ju1X?,y~ 1964
for the auia of ~rTi~t ~rTVR mutxig~TD~.~ND N0~1~11~.-~r~5,,~ nnn~n,~p~~------ Dollus.
m~de by the aaid FRAS[~ AtII~t.,, Ttvc~ -
~)?abI! t0 tt1C Ot$et Of P'IR-~ KATT AT g~NK pF T~RR W~•R~
. atter date. with ~Merat from aate unW paid~ at the rate of ~ pec oeat. pec annum. tt~e said ~
~nterat payi?b1e ~t tt~e oftioe ot Fi rst Nat; nnal Sanlc nf LakE. Wal E.a
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' And the Mortgagor~ furt6ec agces._ ss put of the coaaideratioa of tf~ia mortgage.. that this mortgsge ~hall
~ ~ siso secure (in aa aawnnt not exoeeding in tbe aggregate at aar time ~ n"~~s).
; sach fnrtt~er sa~n aa th~ Mortgagor n~y here~iter and'before tht fora~losure oE this awrtgage. owe or be dae to the
aaid I?iortgagee_, ~-itssuooes~urs. ~ or aasigos: Provided, horvevu, th~t wcu sdditioaal ~~ebtedness a1~aU
~ ~7 Panc~ipate in asid mortgage aecuritp sfter the principal note~ and ia~ and other smounts that an~y be-
; car~e due w~der the terma of this nwrtgage t~ave ba~ fnlty aatisiied, and die liea securing tht said note_.._ ~nd
~ interat and said other amounts shall be anperior to take preoecknoe over the lien secnring sadi f arther sums.
' Arro ras Sero Mo~rc.~c~oer, for...._..._3.t~1~-=,----~Ci~[~.1~Sa1 n~Presentatives, suooess~rs u~d sssigns, . ~
~
` do-.es l~ereby ouva~ant aad agr~e :
! 1. To pay ~Il and singular the principal, d~e intertat and od~er swns of awnejr pa~yabk by virtue of the aaid
~ promis~ury note_. and this dee~. each and every. PromPtiy on the days, rapecavely, the saa~ beoor~+e dne.
` 2. To pay all and aingalar the taxes, assas~naits. k,vi~,~liabilities, obligations and a~cumbranas of ev~ecy;
~ natare and kind now on said property, or tlnt hereafter may be kviaial or asse~ed thereupon. e~ch snd evecY of
j them;.and if the same, or any part thereof, be not promptly paid when due smd payabk, aaid Mortgagee_..., _..3.tS._
: aucoessors, heirs or assigns. may at any time pay the same, withou~'~aiv'ing~oe affocting the option to foreclose~tlu+
t mortgage by rrdson of such defaalt, or any right hereunder, and e~~ery payma~t so made shaU bar interest from
! the date thereof at thc rate of~.~~_per an~ per annum, and all sach payaxnts. with interest ss aforesaid,
~ shall be secured by the lien hereof.
~ 3. To pay all, and singutar the costs, fas, c~a*g~ and eacPms~s, of every natare aad lciad, inclndiag tt~
~ oost of an abstrad of titk to the aboire dacn'bed lands fonnd M be convmient or eacpedient ia oonnedioa with sajr
' suit for the foreclosure of this uiortgage, and also including xll ooats snd expensa of the said snit, incl~ding attor-
( ney's fee, to ihe attorney of•tt~e oati?plainant forettesing, of ~1g00 and ~ten' per +ceat'upoa the amouat decreed to 1
I the complainant, or fixal by agraa~em beforo decree. ~rhich aosts .and fea shaU be includai in the lien of this
; mortgage and in the sum ~ decreed upon foreclosure. because of the failure on the part of tbe said Mortgagor, its
; heirs, legal representatives~ snaxssors or assigns. to perform, oomply vrith and al~de by all or any of the oovenants, ~
~ rnnditions ancl stipulations of said promissory note-, and this mortgage. and in the~ foreclosun of this mortgage
; and in rnllecting the aawunt secured hereby, each and every scxh payment shall bear interest from date thereof uat~
1 paid at the rate of @~L_.._per cent. per annum, and such payments with interest thereon as aforaaid, ahall k
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i be secnred by the lien heroof. .
~ ? 4. To permit, oommit or suffa no waste, impairmeat or deterioration of said property, or aay part thereof.
r S. To keep the buildings. n~w or hereafter on said tand, insurcd against fire and tornado in a sum not less thaa
F ~ l~r'~qg i.
i 1
~ ! in a rnmpany or canpanies to be desigaated by said Mortgagee-, ~ita suoassors, ~ks, legal nePrase~?tatives t
. j or assigns, loss, if any, P~YaWe to the Mortgagee.^, as._ i#a +nterest may appear, and ia t6e event iny s~un
~ ; of money becomes payable under such policy or policic?, the biortgagee__, i_t~s~wcasors, legal r~pr~-
= i sentatives as assigns, shall have the option to recave and apply dK sanne oa acoount of +the indebtedness secared
~ ~ henby, or to permit said Mortgagor._ to reaive and we it, or aay part thereof, for the purpose of improviag aaid
! lsu~d, vniithait thereby aaiviag or impairing anY equity, lien or right ander or by virtue of this~ aartgage; and aaid
~ ~ Mortgagee_, .r-3..tHsuooessors, lf~, kgal repr~entatives or assigns, may plaoe aad pay for such inaarance. or
~ ; any P~rt tl~ereof, without waiving or stfaxivg the option to foreclose, os any right hereunder. and each and every
; such payment ahall bear iatecast fran date thereof nntil paid at tbe ra~e of 8~ix. . per aa?~ per annam, ur~d all
~ ~ PaY~~ts. w?ith interat sa aforesaid, sball be saxual by the lien bere~f. Tbd party of tbe aecond part is em,~
~ ~ poweral w adjust. eo~r~omise, submit to srbitration aud appraisaaent ancl eollect, and apply to die redudion of
~ ~ said indebtedness. any claim for losa arising u~der aay insurana poticy oovering said premisa; and to that. ead the
~ Party of the seoond ~rt, its suoassora sod assigns are irnvoatWp appointed tbe attorney ia fact of the party
~ of the f.jrat part to execute and deliver ancb receipts, rekases and other wrcipngs as sha~l be reqnisite w acoomplish
such adjustment, canpromise, arbitntion, appraisetnent ancl collectron. .
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