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HomeMy WebLinkAbout2808 ~ r . ~ tAe matgagor couenants witb the ~ortgagee that the ~ortgogo? is inde(easi6ly seiied o( said 'land in (ee simpfe; that the mortgagor hos good right and !aw(al outhority to conuey said tand os ajore- + said; that tl~e ~nortgago? will ~nake such (u~ther asswances to per(ect the jee siwple title to ~soid lond in the rnottgagee as may reasona6ly 6e required; thot the mortga~or here6y (ully wananta the title ~o said land and mill de(end the san~e against the lao(ul cloi~s of alI persons wboMaoeuer; and ~hat soid latd .is (ree and clear o( alI encum6rances. . ~ ~w~ ~~s~ tbat i( said mortgag~nr shal[ pay unto suid ~nortgagee the inde6tedness euidenced by that certan pro~nissory note, oj euen date berewith, ~nade by the ~ortgogor aed payable to the ~ortgogee in the principol sum o( gI(}S'1' HI~iSD SBVffiITY FIV~ and 00~100 • Dolla~s (i 8't5:00• 1 ~ without interest os therein stated, and shall per(or~n, comply with ond a6ide 6y eoch osd euery the ~ stipulations, agree~ents, conditions and coueno~ts contained and set (ortb in this wortgage and ea the ~ J pron~issory note secured here6y, then this mortgage ond the estate Aere6y creatad sAa11 cease and be ! ~ null ond void. . . ~ tke Mortgagor here6y /urther couenants and ogrees to pay pro~ptly wAen due the principal and other swas of n~oney prouided (or in said note and this mo~tgage, or either; to pay all taxes ond as~ess- ` ;~nents on ~said property; to pay all casts, charges und expenses, including latayers' jees and title searches, ~ ~reasona6ly incwred or paid by the mortgagee because oj the (ailwe o~ tAe n~ortgagor to prvwptly ond ' i(ully co?nply mith the agreements, s~ipulations, conditions and covenaats o( said note and this mortgage, ' ~or either; to perjona, co~nply mith and abide 6y each and euery the ogreements, stipvlations, conditions a~d couenants set (orth in said note and this n~ortgage or either. In the euent the ~ort~a~or (ails to pay when due any tax, assesseent or other swn oj money paya6le 6y uirtue of ~soid note ond this ~nortgage, or either, the mortgagee may pay the same, mitbout maiuing or a~~ecting the option to (oreclose or ony other rigbt hereunder. ~ axy srena of ~o~tey herein re(eired to be not p~otnptly paid within thir~y f30) days next a(ter the same 6econ~es due, or if each and euery the agreements, stipulations, conditioas aed couenants oj said note and tAis ~nortgage, or either, are not jully per(onned, complied with autd abided by, then tiie entire swn meritioned in said note.and this mortgage or the entire 6alance unpaid theieon, shall (ortbwith o~ therea(~er, at the option o( the mortgagee, become and be due ond payable, anything in said note o~ herein to the contra~y notwithstanding: Failwe by the ~nortgagee ~o exercise any o( the rights or op- tions herein provided shall no~ constitute a waiuer o( any rights or options undei said note or this mortgage accrr~ed or therea(ter accrueng. rn i ~Q ~~1~ the said naortgagor has hereunto signed and sea~ ~these~re"sen~~~'" ' ~ ~ ~c AcA : ~he day and year /irst aboue wr~tten. ~ A r~^. N O ~ Signed, Sealed and Deliuered ~ n 7D p~~ ~ ' in the pTesence o/• c o~~ mC~ ~ ~ ~ ~ ii~ ~ Z ' , . I / ' ~ p D an ~ . . ou ~ . . v ~ r- -7,~, ~ : - ~ Ss . ou ~ STATE OF ~~NA , r ae. COUNTY OF ` I HEREBY CERTIFY that oa this day, before me, an officer duly authorized in the State aforesaid I and in the County eforeeaid to take acknowledgmenta, pereonally appeared ~ ilM. J. FOV18 end OPAL l~. FOVI~ ~ HI8 NIFS 4 ~ I to ~e known to be the persons deecribed in and who executed the foregoing iastrument and hsv~e ~ acknowledged before me that t2~ey executed the seme. ~ WITNESS my hand aad official seal in the County and State last aforesaid the~~day of ~ ~c~.~- , A.D. 19~. - ~ Notary Public My Coiq~iseion E:pires: -.~=p'j,~'~da~uf ~ A.D. 19~. (PLEASE PLACE SEAL HERE) ; - , . - - `';i^: _`r ` . ~ ~ aooK 157 P~c~ 407 i ~ ~,v ~ - ~ ~ ~