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HomeMy WebLinkAbout1441 :........1 a, 000. OO... STTJART, t~o~a.. Au~.......... ~..y. i~~..... I F'OR VXL b,~u~~d~ JointlY and ~~rally. PROl~tISE TO PAY !o !b~ ord~: ol ~J~ tJA.t~l" . ..a.....•y~~-~~.. /.~.~~~~-~-•-/-y~ .~...~..../7~ j{///~~~..~~~ . ~~VV i +N/ W~iRLa?~ ~1~4Y ~i'N~ 1.~~ ~ ~ s rr r w ~r ~ ~ ~ ~ r i ~ r r ~ ~ r • ~ ~ a ~ ~ . . _ D . - OLLJl148 a! . . ~~~~--~~•-•~r~ ....o: such oth~r plrce as !he hoid~r b~r~of maY dNlqnal~ ia wziliaq, lo~t2t~r with inl~r~s! iru a! at !h~ sat~ oi ...per c~nlum pet astnum on !h~ unpaid balanc+ until malurilY Tb~ said prind aad int~res! s!~ r aad patable as follows: At th~e ra~s o~~.93. 2~ per it~cludinq i~ereat, t~e iirat such pe~yznent bei~ due o nLh trom the dat e herea~ ~d a like sum on the same date each and every ~nonth th~ eatLer until all pacincipal and accrued st shall have be~n ~sid in itill it default b~ m~dr tor ~0... dar~ iy th~ payseat ot ~a~ iastallment of ~ n or interest or anr p~rt t6ereot, t6e rhole sum t6en remainin~ unpald rvit6 intttQSt ~hall ~t holder'~ aption b~co~e du~ ~ad prabb ~rltAout rotice, ute to e:erci~e wch opNoo s6d1 not constitute ~(jwdver af the rit6t to ~=t~ci~~ t6e a~se ie the e~cat of aubspueet Jefault Attsr maturity bot6 nclpal ~ad accrucd intrrest sha0 bear intereat at per cen[um Oer annum aati1 paid. The raakcn ~wd t~don~r• of this oot~ tuR~tr ~ral~e deman noticc of non-payment and protest. If thia note ia not paid at maturity and tit ~ame i• plac~d w~ith an attorrer ter cofleetioa, t6a wakers aed eado n hereof a:rce to pay all cost• of cop~ction, includidr all court co~ts ¦nd rasonabh •ttoraey tess. rO~D. S~fj' ~ ~w~ J~il~.:• r \ - ~.1~ ~ 3 ~ - - . . • ~ . .I~~..J...,. .....(SE1~1L) ......5......... . ~ts . . sr~YE ~oCU+\:ENTAFY SiA~.',PS A77ACF1~ S ~ ~-~-~.x--~-!'~- J- ...--.........~IV. . . ..--._.(SEAL) TO Q.Qif'!.~. ~ . _ _ _ - .,,,,r~t.! ~'Q, ~--~--.................tSEAL) and ahali duly, promptiy and fully perform, diacharge, execute, effect, completp, comply with and abide by each and everv the stipulations, agreements, conditi~ns and covenante oP said promigsory note and of this mortgage, then this mortgage and Lhe estete hereby created shall cease and be null and void. It is understuod that each of the words, "note," "mortgagor" and "mort.ga.gee" reapectively and the proa- ouns referring thereto, whether in the singular or plural anywhere in thie~ mortgage, sheli be aingular i! one anly and shall be p~ural jointly and severally, ii more than one, and shail be masculine, feminine and/or neuter, wher- ever the context so implies or admits. And said Mortgagor tar himseli and his heir~, legal representatives, euccessors and assaigas, hereby coven- ants ana agrees to and with said M_ortgagee, hia legal representatives, succeaeore and sesigna: 1. To pay ell and singular the principal and intereat and the various and eundrq sume of money payab2e by virtue of said pmmissory nc~te, and this mortgage, each and every, pmmptly on the daya reapectively the same aeverally become due. 2. To pay all and singular the tsuces, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described properiy, and/or that hereafter may ba imposed, auffered, placed, levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and ever~, when due and payable according to law, before they become delinquent, and before any interest attaches or any penaity is incurred; and in so Par a~ any thereof ia oi record the same shall be promptly satisfied and discharged of record and the original official document (such as, for instance, the tax receipt or the satisfaction paper officialiy endoraed or certified) ~hall be placed in the hands of said Mortgt~gee within ten days next after payment; and in tha event that any thereo! is not so paid, satisfied and discharged, said Mortgagee may at any time pay the same or any part thereo! without waiving or affecting any option, iien, equity or reght under or by virtue o! this mortgage, and the full amount of each and every such gayment ghall be immediately due and payable and shalt bear interest lrom the date thereoi until paid at the rate of ten per centurn per annum and together with such interest shall be aecured by the lien of thie mortg~ge. 3. To place and continuously keep on the buildinga now or hereatter aituate on said land fire and windstorm insurance in the usual atandard policy torm, in a sum not less than 3..._.12z ~~D..~d_...•._..••_•.•..•---,•••,, in such com- ' ° pany or comp^nies as may be approved by said Mortgagee; and all such insurance pollcies on any of said build- i ings, sny interest therein or part thereof, in the a~gregate sum aforesaid or in excess thereof, shall contain the £ usual standard mortgagee ciause making the loss ur.der said policiea, each and every, payable to said Mortga- gee as hia interest may appear, and each and every such policy ahall be promptly delivered to and hEld by said :~iortgagee; and, not less than ten days in advance of the expiration of each pollcy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no such insur- snce placed on any of said buildings, any interest therein or part thereot, unless in khe lorm and with the losa payable s.s atoresaid; and in the e~•ent any sum oi money becomea payable under guch policy or policies said Mortgagee ghall have the option to receive and appty the same on account oi the indebtedneba sec~red hereby or to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving ar ienpairing any equity, lien or right under or by virtue o! this mortgage; and in the event sald Mortgagor ahall for any reason fail to keep the said premises so insured, or fail to deliver prompUy any of said policies a! insurance to said Mortgagee, or fail promptly to pay fully sny premium therefor, or in any re.~pect fail to per- form, discharge, execute, effect, complete, comply with and abicle by thia covensat, or any part hsreof, eaid 2.~iortg- agee may pIace and psy for such insvrsizce or any part therea~i wfthout waiving or aHecting any option, lien, equity or right under or by virtue of thi$ mortgage, and the fuli aqiount of each and every auch payment aha;l be immediaiely due and payable and ehall bear interest from the date thereo! until paid at the rate o! ten per centum ger aanum and togekher with such intereat aha~ll be eecured by the lien ot thi~ mortga.ge. 4. To permlt, commit or suPfer no waate, impairmeat or deteriorstion ot eaid property or auy part thereot. (f. To psy e?ll and aingular the coete, chargea and expenaea, including resaonable lawye~'s faee and cost ot sbetracte o! tiUe, incurred or paid at any time by eai~ Mortgagee because and/or in the enent oi the failure an the part of the said Mortgagor to duly, pmrnptly and fully periarm, discharSe, execute, ettect, carnplete„ comply with and abide by each and every the atipul$tions, agreements: conditions and oovenanb oi esid promis- wrq note, and this martgage, any or either, aad aaid costa, charges aad expenses, each and ever,y, rhall be !m- mediately due aad psyable, whether or not there be notice, demnnd, attempt to collect or euit p~,nding; sad ths luil amouat of each snd every sush pnyment aheJl bea~r inte:°est lrom the dste ther+eo!` until paid st the rste ot ten per centum per annum; and a~l.l eaid ooete, charge~ and expaa~er ao incunbd ar pe~iQ together with such !a- tera~t, ~sll bs secured bq tbe 13en oi Lhis mortgage. ° ~K~.~5 23~ a~ .