HomeMy WebLinkAbout2829 ~~pp~p~ Mip1~1~8. that if said .Alort~a~or shctll pa~ u.nto the saic~l JElort~a~ee
the certa~in prnmissory note, of whsch the followin~ in words and fl~ua~es is a true copy,
to wit:
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with' tnte»st f
ia~t?, ~d+rxs t. tHet, tstp of ~~~i ~ ann~ ~!ri I~uta~tme~ts .as fdlaeer~.
s oN #he ~x . ~ - . i~_ and~s ~11ce ~w
o~ .-NN' ~orieipoi~din~j - cla~r R!t". bach Ulce~'suooeedin~ peclod tl+wroaftit :.utiti~='tlte wfwl~: ~s= ~ttlly' A~~d _
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= n~~p~ af wqt ~l~l~Ri~wM4~l~~~hl~!'!t fo~~M"i°R'"i! ~'~P!u_w'~.l~! 1!Q~d~r 1~14f :alMi !i7.?i~!!~ Y! ?~!!N"!~~!°'? _
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;..d frrlM.r W.~qr- ~io~ et ti~at of'~ ~11?K bUor~.dc ilnr_~R
p, rrMw ' calo~ 19 ia+? e1 y~ M~ !op~ NI'CQ~4 q't
oolbcNO~y nNe~hN M~enwfr'~ t» L~ ur ~~nt af +wy d~h~iM lwwwdwMi~d I~r sMr+01~ ~r+s a~l L~~~tk of a~d ~
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and shall perjo~m, compt~ with and abide by esch and every the stipulations,
a~reements, condition.~ ccnd eovencants of sa,id prnrraissory note dnd of this deed, then
~hi$ der,d u,nd ti~e esto,te hereby creczted shall cea„s~e dnd be null and void.
the said .hfor~~a3sor hereby covenants and acg'rees:
.1. To pay all arid sin,~uiar the prinei.pal arui interest and other sums of rrtoney
payable by rrirtue of said promissorrJ note and th~is deed, or either, promptlJ on the
days respectivety the same severally come due. j
To pay all and sin~ular the taxes, assessments, levies, liahilities, obti~ations
and encumbrances of every nature on said described propertJ each and every, and
if the Smme be not prnmptly pcLial the scud .~ort~acgee may a,t ccny time pay the sam.e
without wairrin~ or ccf
fectin~ the option to foreclose or dny right hereunder, acnd every
pcayment ao ~nade shccll bear interest from th,e date thereof at the rate of eight -
per cent. per cannum.
~"o pay a11 and sin~ular the costs, char~sp~: a».~l expenses, in.cludin~ lawJer's
fees, rEa~sona,bly incurred or pcaid at dny time by so,id .1lfort~ac~ee because of the failure
~ on the pacrt of the said JKort~'c~~gor to perform, corrcply with and abide by each dnd
every the stipulations, m~greements, conditions c~nd covenccnts of said promissory note
cind this deed, or eitl"ie~-und euery such pcayrnent shall bear interest from date dt the
rate of eight per cent. per dnnurra. - ~
- ~
?'o keep the buildin~ now or hereafter' on said land instered in a sum not ~
less than highest insurable value ~
. . in a company or companies to
be acppraved by aa.id JKortgm~ee, a.nd ~he poli~ or policies held by ccnd paycible to said ;
.~ort~m~'ee, and in the event any sum of mon~y become.s paya,bls under such policy or ~t
policies, the .iKort~c~gee sluill have the option to receive and appty the same on account t
of th~e indebtedness hereby secured or to pernzit tlce .iKort~a~or to receive acnd use it, or
any part thereof, for other purposes, witlwut thereby waiving or inzpairin~ any equity
lien or ri~fit under or by virtue of this mortgac~e, and may pla,ee ctru~ Pay for suclc
inaurcance or a.ny part thereof, without u•a,ivtn~ or affectin~s the option to foreclose or
a,ny right hereunder, and ea,ch and every such pa,yment shall bea~r interes~ fra~n date
u,~ ~he ra,te of eight per cent. per annu~n. ~
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BOOK 162 PACE 4~~ _
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