HomeMy WebLinkAbout1392 ? ' ! ~
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Provided Alwaya, that if 8aid Mort~a,~or, ita auccesaors, L~~al respresenta-
tiv~a or aasi~n~. shall par~ un to the said ~'4t`ort~a~ee , her le~a1 '
~ representaiiz~ea or assi~na, the certain promiaaory note , oj which the followin~
I~ in wordg and ,ft~urea is a true ~op y . to wi~t:
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;1.000.00 ~ is ~
ae~re P~, ~7,~., ' ~86~
~s ~~aer ~ li 1~ i~ . neatt ~tbrr date, If•ra 3~?~i? a~ ~1u,. ,~s ~d~p~l,
~ pro~ise bo py bo tha a~er ~ '
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l~t M~w r+eMwi ~R bMa~ ~lYr~ at tlr n~ at i re ~ v1R yW. t~wW~~,.+w~lit~. ~
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• ~/s/ Alfce M. I~remkau Ilpt /s/ Orvis E. Cours~y j
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and ahall er orm, com l with and abide b eac3c and ~ every the stipulations, ~
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a~reements, conditiona and covenants of said prorrtissory note arrd oj thia deed. ;
then this deed and the estate hereby created shall cease and be nult and void. ~
1~Ilt~ the said .1l~ortga~or, for itself und its 8uccesaors, lebal representatives ,
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i artd ass~gns, hereby covenant and a~ree: ;
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( 1. To pay all an~ ain~~ular the p~incipal and intereat and oth~r surrts of m,oney i
payable by virtue of said prornisaory note and this deed or either, promptly on ~
the days re8pectivel~ the aame ser~eralty come due, I
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To pab all and 8in~ular the tcr.~es, asaeaamenta, leviea, Zi.abilities, obligationa
I anc~ encum.brance8 of euery nature on said de~ori8ed property each and every, and I
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f the 8arne be not promptly paid the 8aid .1l~ortgagee , her heirs, ~
le~al representatiLes or assi~na may at any time pay the same without waivin¢ or I .
affectin~ the option to foreclase or any ri~ht hereunder, and every payment so made .
shaZl bear interest from the da~e thereof at the rate of 6% per cent. per annum. ~
3. To pay all and sin~ular the oosta, ehar~es artd expenses, includin~ Z~.wyer's j ~
I fees, reugonably incurre~ or paid at any t~me by said ,1~ortga~ee , her '
heirs, le~al representativea or a-$ai~ns, becauae o~ the ~ailure on the part of the sar,d ; i
.hiortga~or, it8 aucceasors, le~al representatives or a,.~signs, to perform, comply zuith ~ I
and abide by each and eUery the Stipulation8, a~reements, conditions and covenants ; ~
~ of said prom.isaory note and this deed, or either, and eu~rb such payment shall ' ~
~ bear intereat from date at the rate o1 6% per cent. per annum. ~ f
l~. To keep the buildin~ now or hereafter on aaid Iand insu~ed in a aurrc nat ~ ~
less than doltars, in a company or co~rtpanies to ; r
~ be approved by 8aid ,Mort~a~ee , and the poticy or poticies held by and par~able ! ~
to $aid htort~tagee , her heira, le~al ~epreaerttatiues or assi~sns, and in ! '
~he event any sum of money bec4m.es payable under auch poticy or pnl.icies, th•e ~
,atort~a~ee , her heir8, le,¢al representntive~ ~r a8si~ns, shall har;e the i ~
optivrt to receive and appty the same on aceount oJ the indebtedness hereby 8ecured ' '
or to permit the .~OTt~Q~OT to seceive arul use it, or any part thereof, for other ! ~
f purposes, without thereby waia~in~ or im,pairin~ an~ equity lien ar right under ~r ~ ~
~ by virtue of thi8 ~rtortga~e, and may place and pay fo~ such in8urance or any ~ j
part thereof, urith+out waii~in~ or a~'ectin~ the option to forecloae or an~ right here- ' ;
under, and each and ez~ery such payment 8hall bear interest fram date at the rate ~
of 6~ per eent. per annum. ~ i
8ooK125 !