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1. To pay nU and aingujar tIq ~incipal attd tnt~rat and otJur tw~es oj man.y Aa~bl. by virtue o/ ~ald
• notQ anc~ thls marlgapa, or ~itha~. pro~apt~r o~ eh. day, roapictl+vely ttia ~am~ pwrauy cow~t dw: time anc{
amount on thv dars iet?tntl~y tvlur~e dw b~ing oj tl~e nsrnc~.
2. To pnq aU and stngular t{ee taxea, assessrnenb. Iovfos, ~ta~i~ities, ob~igatio~s ~ encun~broncos o( ~vtry
nature on saicl descri~ P+~oPertp each and every, w?d iJ ~he ~a~ be no~ p~Pity paid ~f~rt ~h.,a~d Mor~g~at
may at any time pay the swne wtthout waivtng or aj~ecting t~a optian Io ~orac~ose, or anq otker right her+e-
~ unc~e~, ancl e~ery pay?nent ao mnde ihall bear intersst /ron? the date thereu, at the rnte o~ 6 per cent.
per annum.
3. To ,pay alI ond singular tf~e co~ta, cl~arges and e~rpenaes, including a r«aaonuble attorney's ~ee, tncur-
red or puid nt any time by said Mortgagee 6e~+auae of the {ailure on tl?e part of the said Mortgagor to pi?~form,
comply wit{~ nnd a6icre by each auid every t~e stipujations, agreements, conditions nnd covenonts o( aaict note
and this mortgaga, or elther, and every suc?~ parment shaU benr intereat from c~ate oE incun~erece a! t/ee rate of
f7 ~ per cent. per annum. ~
4. ~"o keep sai~ gooa~s, chntte~s nnc~ persana~ property, a~~ and aingu~ar, in said County, subject to the
inspection o~ said Mortgageia, an~ in tf?e avent any itema be removed or leviec{ on or ~ubject to ~euy in any
litigatinn, the Mortgagee shall have tlte option to e{eclare, u~it{eout notice, t/~e entire aums hereby se~uret~
paya6le /orthwith.
5. To permit, commi! or su~~er no waste, impairmertt or deterioralion o~ saic~ gaot~s, chattels or personaj
property, or any part thereo/.
6. To per~orm, comp~y with and a6ic~e by euch and every the stipu~ations, agreement~, cone~itions anc~
covenants in saie~ note anc~ in t{tis mortgage set ~orth.
7. If any o/ said sums of money lterein nejerred to be nat promptly and /ully paid as the same sevemlly
become due and payable, or if each wtd every tlae sti~uLations, agreementa, conditi~ru and conenanta o( said
promissory note ond this mortgage, or either, are Roi duty ~~ormed, cc~mplied wit{? and a6ided by, the said
I aggregate sum mentioned in said note and t{~is mortgage and eacF~ thereoj shall 6eoome due arzd paya6le (orth-
u~ith or thereaJter at the option o( the Mortgagee, as Jully and completely as i( the said aggregate sum paynble
6y virtue o/ aaid nate end this mortgage, each and every, were original~y stipulate~ !o be paid on 9uc~i day,
anything in said nate or herein to the contrary note~ithatanding. }
cauacd theae preaents ta be aigned by its
~n ~itrress ~hereof~ t~ie said I~7ortgagor ~tq~ the day and yeai
~~rs~ a ~e w~~tten ~'esident, ita Cor~orata Seal to be affi~ced hereto
;:'''~G'4~'„r`,.
Sign , sealed and d red in the presence o/: BA(~US ~AT COI~'ANY~`,~`
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~ ~ereby ~er~fy~ i ir ~ •
r that on this day, 6e ore mc~, an o Ycer du~ autt~drls~: ~#~r Siata~
''t,'~: i~, i,'S
aforesaid nnd in t~e County a)oresaid !o take ac~nowledgments. personally appearec~ 'j~~ ~g~j~s~
President•, BACKUS BOAT COMPANY, INC.
, to me Frnou~n ~o be tne perso.~ desrribec~ in nnd who ezecuted t1~e
~ f orec~oiny instrument and idho ac~nou~Iedyed 6e)ore me lhat he ezecuted the same.
~1Libra~ my hand and o/~icial seal in the County and jtate last af nresaid this ls~ day o)
,r, , ~,~ober . A. D. i9 b5~ ~
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i ~ J~ u~ MY C~OIi'1,','7'c5'; !1 CXpif@S h~SY S)~ 2~S(~
= f BonaYd bY. Arrt2r;can Suret tY. !jij
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--T.~ BOCK ~~5
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