HomeMy WebLinkAbout1317
~ ~ . lr..: wss ~.*...~-y~ ~t...: ..ss~ ^..4 vw: _ ' + ' , 7
..ri Y'ti~M? ~~?'~'\1=V~'. .0.
~ ~ ? v~. ~~~w•
. • - j
~ i
~ 7
PRO~IDan azwt~a, a+~a i~.as ~ ore; ~o~i tue:s '~,e~i~.w~. oo~ttso~a, t~?o~, ~f t~e
~ • . in~tal].~ent
' aoid w~ort9sgars , a11aA pay ll~s aoid *wrtq~es ob~s osrtob?!+'~~~'!I , of ~
dste berowdtk, ai~sd b'1 8~a?rry ~tt Reynolds a~d wite, ~1ldane Rvere Reyr,olda,
~ o~d +Nade poyobYe to #llas oi~der oj ~l~e ~ortga~ee a~ . ,
~ in the amount of Seventy-Tbousand Doll~ra ($70,000j, psyable in wontnly
' iAatallmente of One Thouaan~ Dollare ($1,000) eaeh, and bea~ring intereet _
~ from date at the rate of 69~ per annumr said inetalloente to be eredited
firat to the accrued intareet and the balanee to the principal, the fir~t
payment being due April 15, 1965.
d~t w~i~i tlse pay~teN# of aaid ~o#e , a~d eaoh of tl~, or a~? aarte~a~oNS or reNe+na~a tlieroat
t~e ~obda or fi~ patrl, a~d e~wy otlrer ~debted„eaa aae~a~ed her~sby, s~d tl~s lerfor~a~oe of ail oava-
~ta u~d oqree~eRta lreraiK, aliaA pmmPtly PaJ ai~ taa~ba a~d of evary A~d Ieuied
or oaaeaa~d oK t1~e aaid property (~a~ao ~Po~ th~a mortgage a~ed the ~a aea~a~e~d henby to tl~a
e~tewt l~ere;~after a~ forth), awd ahaR »o! parrn~t or a~ffer said proparty, or a~y part tlsereof,
~ to be aoid f
or t~o~~aysneK! o
f taxea ar asaaaa~r~tenta, or the aaid ta~acei or oaseaam,enta to become
dei~~wee~t~ a~d al~oil kaep ths Lw'idinqs a»d othar ;mpra~ementa eohiah~ cere xo~o or may her~-
a
f#~er . bs e~Cted o~ tha prermiaes insured aga~st atl riak by f
ir~ iri a~m not Ieaa thun
insura e va ue ~ in a ~ood a~sd raap~naibTe ;~wanca oompany,
for tl~e ?~efita of tha r?~nrtgagee , aaid ~anee c~ompany to be appraued by and the policiea
or any ra~e~oaia tl?ereoJ to be depoaited ~ath tha a~said »iortgagaa ; a~d ~e the e~vent o
f iasa or •
damcage t:o the b~ciktiAga or improvementa on aa;d premisea, tha proceeda of auch i»a~ra~ee ahall ~
. be appiiad iw radwct~on of tht dabt, or in reatoring the pramiaes or properfij, aa the mortgagee
ahaiT aiect; and shail ~ot aammit, permst, ar a~crfar any atr~p or waa#e of aarid premisea or prop- .
erty, aRd alwl'l pay oil the monaya and per,for~n al'i acta a~nd carry o~t ali promsaas dnd agreo-
~reent,~ lhat are acc~a~ed hereby, st the t~me and ~n the man»er herein speci,f~ed, t)~en thaae prea-
c?tta ahall be vdd. •
Y
d»d the ac~id mortgagora do hereby pr~miae, eouenan4 a~d agr~ea to~pay to the aaid
martgagta , the aaid auma of rno~y a~ i~tereata ~.s ma+st~ontd iu a~~repr~axted tay ~saui
promisaory rote , arid each of tha~x, or any axtenaio?~a or re»euaaia thereof, and' aecur~d #o be ~
pasd aa a
f
oreaaid, a~d atao ~o earry a~t a~d pdr
f
or+n eooh a~r~d everv,/ other co+~enant a~d agre~-
~mcnt hcrei» set f
orth, a~sd do promiae, cove~atnt a~d agre~ to pay aii taa.~a and aaaesanaanta
of evary ks»d a»d charaeter levied or aaaaaaed on sa~~d property, ard evcry part thereaf, befor~ ~
. the sama become c~elinquent (ard aiao ttpo~ this ~artgage and thc n?oneya secured heraby to the ex-
te»t harci~nuftcr aet forth), a»d »ot to per~nst the said propcrty or any part thereof, to be aoId on
uccount of ~on-paymetat of ta~cea or aaaeaamenta of any kind; a~d to promptiy pay aR ~naurance
premi~ma that rauy bacorna due xpon snsurance polie+ea ~ass~ed upo~n b~Td~nga or othcr ~mprove-
merita on aaid prem+~as dtiring ~Ehe co~ntinua~ce hereaf; and to pay aTi eoata, charges and ax-
pe~sea sn coAecting the mo»eya hereby aacwred or in tnforcing or protecting tJ~e riqhts a„d intcr-
eata o
f the said mortgagee herein, dr secured hereby, sncYuding reaaonable att orney's f
eea ared
cammisa~ions, ~eohether coltected iry goreclosure or otherwiae.
d~d the snortgagar e, oo~ua~naftt a»d dgree~ to pay ai~ tataaaa tlsat naay be levied or
aa8eaaad an th~s mortgage a~d tha mo~eys aec~red haraby, PROVII~SD that ~~t ~o evc~~t ahan
. the a~no~nt paui on account of aucl~ ta~cea, together with the suterest paid on ti~a i~ndebted~eaa
aee~cred by th+a mortgage, axeaed the maximxm interest rate aiiowed by 1aw.
It ia f~crthtr aova~anted and agreed that, dtra~it sha~i be ~rwde i~ tl~e paym~»t o/ aaid ~
: arams of 'mc~oa3?, or any part tl~ereo
f, as a~?eci
f
ied ~ or re pre~a~xt~d by aa;d riote , or e#T~r o
f
lhern, or axy e~ctena{or~ ar re~e~o~oi~ ther+eo~, or {f the ~tereat tliat may beco~nte d~ tl~ereon, or
~ ow3? Par! ~laereo
f, ahaA be beh{~d a~nd wxpaid f
or the apa~cc ot th i rty daya, or ~
f da
f
auit
ahaA be mada ~n the psy~»ext of tuybs or assesamanta ot a~+y k~d or ehar~aw~ter, aa hereinabove
> sEt f
orth, i»ar~ranee pr~u~ma, or any a~~ma or moriey aa provided here~, or if thera aha~Y be a
; breaah or v~oia~ion of, ar defawtt ~n, any of the ao+~enarnta or agree~wenta l~er~x ooata~ad ou the
~ part of tl~e ~nortgayor e, thheh # ahall be aptionaI w~th tl~ s~nortgagea to co~naider ali xnpaid
` ~ote , or tha pr~f~e~ipal ar~m l~eraby sae~rcd axd ramai~t~ng unpadd, and oa~ed ~tereat thereon,
aa i~e?+Kediataiy d~e ~ed payabk, a~d aai,d mort~agee ahail l~ave tlaa r~ght to *~at#ute pro- ~
caeaii~gs to e?~forca the ooitatiore o1 ail a~c~na due hare~nder, or to foroe~e the be~e af thia mort-
gage ~iy raoaoit o
f ar~ch brEach or vioJatitm ~r f~t c~e
f
aait lrerei~s by t1~e ~arl9a9o"r'
Boo~~~J . .
. ~