HomeMy WebLinkAbout1360 ?.~w~-•y, _r,r? ln~.':~~~ !r1?~'f~~w.q.,~.Jw.~.~~~ .~.vw„i••: .
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:+a.~ed.~IVa~ perjorhi, , oomply~ iwttb and ab~de b~l , eaok a~ed ezbrw tl~e at~p~iattons,
»1~e~tt,~,; ~~,o»rra~nd oaaar~ant~ o,~ ta3~ pra~risYO3ry, ~lo~a ~td ~f t~hur d~sed, then
~ ,d~ed~4~~d t~ esta~ l~er+ab~/, creattd s7uill ce~ue and 1?e aull a.nd bo~d.
• . - , . . . ~ . : _ . . . - : ~ ~ : . : . . ' ; ,
, ~IIt~ the aa~d .hfart~ri,~or l~reb~ covenant~t and a~eea:
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l. ~`o pay oil and :tngh~lar tlae prtnc~pad a~d fnteratt a~d othar iu~rs~s oj m~a?r~eN
pa~/abla by virtu~e of said p~~nissory not~e a~d thi~ deed, or either, prornptl~ on th~e
da~/s respectivel~/ ~he aawne sever~all~ con~s dua. . i'.
t. To pay alt and a~R~udar the tw~, oa~eaansa~t~, ~ta~. I~abiiitids, obii~at.~ons
ayed i~au~~cas or ~ves~l natura on so~td deaoribed pmpesty eaal~ und evary, anc~
if t~he same be not prnmptly paid the aaxd JKor~~a,~ee ma~ act an~ tim,s pa~ the sam.e ~
: witlwut Za~a~i~n,¢' or afjcecti~.,~ th.e option to forecloae or an~ rc~ht her~eunder, and every !
~ pa~/ment so ~nac~e aha.lt 1Sear ~nterest from tJ~ c~a~te thereof at the rate of ai ac ;
per cent. per ann~m. ' i
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• d. To pa~ all and atndular the ooit:, oharfes ard exp~~weea, fndud~n~ lawyer's (
fees, r~ea$onaLl~/ ~ncuorrec~ or pa,i~ at any time by sa~d JK'ort~a~ee bacause of the failure ~ '
on tlie p~art of t~he sa~d .J~fort,~a,~or to perforirZ, corraplg/ with and acbide by each and ;
a~er~ the a~pula~t~ion8, a~reement~, conditiona ar~d cave~a~nta of saxd prr~mr~ssory note
~ and t~ia a~eac~, or ~either, cuzd erery such pa~ment sha,li l~ar ii~tareat frn~n d~t~ at the
rp,t,e of sia per cent. per annum.
a~ai st loas by fira in a aun sc~al to the un~pa id balance af the mortqage an
aqai ~t loaa b~~y windetorm in a au~a equal to 50~ af the insurable ealue of th
To keep t1~ build~anr~ a now oi harea~es o~ so~d lo~nd ina~ared/i~-s ~so~-
d~earf~is~r Pzogerty -doRarr. fR a ao»zpan.y or cv~npan~es to
b~ mpproved b~ saad JKortga~~ee, anc~G the po6icy or po~ic~iea luld by arid pcq/acble to said
,1~ort~a~ae, and in thg event any 8urn. vf mc~ney becomeg paya~ble under such policy or
polici,ei, the Mort~a~ee 8ha~ll luuve the option to rec~ine and appty the aam~e on account
' of the indebtedneas hereby secured or to permit the .~'ort¢ac~or to receive and use it, or
any pcta~t thereof, for other pur~wses, without therebb w~a.ivmng or impa,irin,~ any equity
lien or ~~ht unader or b~/ vtrtue of tliis rnort~a~e, ~nd m'a~ pla~ce and pacy for such
insurar~ce ar ccny p~a.rt tJiereof, without ura.i:rin,~ or a~ecting the option to foreclose or
any ri~ht Diereunaler, a~td ~a,ch and every su~ch pa~inent 8hadl beaa~ intereat from. d.ate
act the rrtte of di x per cent. per cr,n.nu:n.
6. To permit, com~t or :~~'er no wwtes, ~~npatrment o~ deteriorntaon oJ aaid
propertJ/ or a~~ p~art ther~of.
6. To perform, comply with ar~d ab~dt by each and ~ry tht tt~pulat~on~,
~ ' agreement~, conditio~ and cov~nant.~ ~~n :ad prom~rory note and in th~ dsed
iet fo~th.
~ 7. If any oJ said iurru o~ mone~/ lke*ein nJatred to bs not prom,pt,l~/ and fieli~
, p~d ru~thin thi rtp dagi ~act aJ~sr tha iam~ aavaroll b~m~ du.e and pa~-
able, or ij each and ever~/ the s#p~iat~o~s, ajieements. +vo~tiv?ns and oov~enanta of :
~ ratd pmmiarsor~,r note and th~is deed or eitJaer, are not dul~ par~ormed, aomplied
:ui.th and ab~ded by, tke ia~id a~rre~ate ~sc'n manttoned in i~d prorniaiory riote
ihail baeom.e dua and pa~abte Jorthu~ath or tll~area~tar ot the opt~on o~ the ~Kort~a~~ee ,
Q~ (Wi(~i ~~p' iGW~ Qd ~'Wi~ ~Y Q~~~~G~W Su~' Qf~~w~~+rr~~.~~r•~~~~~~~r~~• -
•--~0, 000.00---•---- dotlare w~aa originalll~ atipula,ted to be paid on swch da~,
~ ~IY~+Jt in aa~d promi8aory not~ or ~~in to the oon~m~y notwithata,nd~n~.
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