HomeMy WebLinkAbout2281 ~I'~~P~ ~Ip~1J8. tha~t if said .hfort~a~or shall pa~ tinto tlae actid JKort~t~c~ee
f,~i~e certttin prnmisaory notes, of which the fvllo~uin~ i~. words and ~~uns is a. trua copy,
to wit:
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3 FOR VALOE RECEIVED. tM w~d~:ai~Md, Ja1ut1T aad anrsUT. PRO~dISE TO PJIY !o tb~ oM~r ol--•~A~t...I~R
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ws~o! maT d~s:t~ in wsitLs~ topNb.s auh int~tra troa~ dat. ~t W. sw ot ji~c Ms ~a~tam p~r aaava~ o. fL. y.p.le
bs4an ~l mslasit~ T!n sald psisdpal aad ial~ra! ~6a11 1~ dw and WT+~ is ~OZZOYS t .
€:i i 100 • 00 p~c ~onth ~~ncludiaq laatar~s t~ l~~qinninq ou~ ~osth frv~ the dat~
hat~o! and continuiaq oa th~ ./yt'" day o! ~ach ~rar~th th~r~a~t~r until
PrineiPal and int.~ut~i! ar~ lv21y paid~ •a~ch payMnt b~in9 aPpli~d lisat
to ~nt~r~at and tA~ balanc~ to priaci.pal.
Th~ privil~9~ a! ~akinq pa~nta in advanc~ o: ths du~ dat~a vilhout
p~nalty i~ rstair~~d bY th~ :ak~rs.
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and shall perfo~m, comply with and abide by each and euery the stipul~ctions,
dgreements, cond,iti,ons and coveruants of sacid prnmissory note ucred of thi~s deed, then
this deed oaid the est~tte hereby crea,ted shall cease and be null a,nd void.
.~tt~ th~e 'said .1lZortgm~or hereby cavenants and a~ees: - .
; .1. To pay al1 and sin~ular the princzpal ancl interest and other sums of money
payable by virttie of said pror?ussonJ note and this deed, or either, promptty on the
I days tespectivel~ the same severally come due. -
before they become helinquent
To pay~adl and sin~ula~ the taxes, assessments, lerries, liabilities, obligations -
and encurrabrances oj eaery~~a ~ on said described property each and every, and
~ if the Same be not pro~rcptly pa.ta~the scud Mort~d~ee rna,y at dny time pay the smm,e
urithout u+aiving or af
fecting the option to foreclose or ctiny ri~ht hereunder, and every
~ pa,yment so made sho,lZ bea~r iriterest from tire date thereof at ~he rcLte of six
i per cent. -per a,nnurry.
?"o pab oll and sin~ular the costs, chargp~.' arui expenses. includin~ lawyer's
_ fees, reausoncibly incurred or pacid n,~ dny time by sa,id JK'ortgci~ee beeause of the fcr,ilure (
on the part of th,e said .JKort~a~or to perfor~n, ao~nply with dnd abide by each dnd (
every tjie stipula.ti,ons, a~eem,ent,g, conditions dnd coa~enants of said prumissory note
cLnd th,i~s deed, or either, and every sucl~ pdy~nent sha,ll bea~r interest frnrra date a,t the
~ rate of six per cent. per annum.
~ To keep the buildin~ ~ww or herearter on said lar~ insured in a sum not
~ tess than highest insurable value
Y~, in a compan~ or companies to
be mpproved by said .~ort,~agee, cr,~ed ~he polic~~ or ~volieie8 held by dnd pa.yable to said
s. .iKort~ci~ee, ~nd in t~ie event any sum of monPy becomes payable under such policy or
polici.es, the .M'ortgcc~'ee shall hctrse the option to receive dnd ccpply the sam,e on accour~t
~ of the indebtedness hereby secured or to permit the .~ort~agor to receive Qnd u,se it, or
an~ part thereof, for other purposes, :aithout thereby wa,iving or impar,iring any equity
~ lien or ri~ht under or by uirtue of this mortga~e, a~td may place cand pay for such
~ irasurctnce or cLny pcLrt thereof, without wctiain~ oT ccf~ectin$ th,e option to foreclo8e or
~ canb ri¢fit h,ereunc~~, and ea,cJZ acnd every such pa,ym.e~t $hall bea.r i,ntereat fib~rc date
; cbt th,e rate of six per cent, per annu~n.
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