HomeMy WebLinkAbout0257 PPOVld~ ~Waye,~ tl~at ij so~d Jlfort~agor s, their h~TS,legal
reprPSe~atut~ves or assi~ns shall pa~y unto the aaid JKort~ogee s, theirl6~ol
representatives or assi~is, the certain promisaory note , of which the ~ollowin~
in wordu and jl~urea is a true Qop y , to wit:
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. - ~ 7 t
~ S~_~ ~ ~ Fat Pieroe. Ha., 19 ~ _
~~t ~l~~ ~~M= ~ext after date, 1/we, jointly ~nd ~eve~aity, es principsl.
p~mise to psy to the order of ~~~r -
~ ~ ~ OOLLARS - "
at 41 1~. M ~tA~te A!! ~i~~i~. , . .
Fo. v.b. na+wd wHh hlarq a fh. ~w of_ ~ pK oMR p.r a~rw~n wdil v.id, MMN~Mt ph/+b+. ~ i
NOw ~IOU~ N~00111! MOWMI~ t0 OO~NCt 1~{ ~ION 1~1DON~1 MI at10flMy. ~i1~Nt Cf {I~r ~M~N1~Mf IINI[K. NC~1y 0~ 011 t~ 11qf~ i
h~?~b1? apr'Na b par ~B oab of aoN~dion. i~du~np a na~ombl~ awn~/~ i~% ~ . .
iM draw~rs ~nd «+dor~s Mwr+ly? wNv~ Pr+~nM~wM. W'oNat ~nd owia of prw~t h? rwn~Wln~u af 1!~ noN. and di d~i~w on tl~
yrou~d of a~ry ~xt~mion of th~ tinn of Ms p~ywwnb tMt b~ 9iwn b'f? tM holdK or lald~ra. to 1lNm, a~itlNr d 1hMq, or to thi
m~ka at ~erk~rs tMnoi. ~ed +ng? and aH ~w»wals tt~wf. . ~
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. and shall perform, compty with and abide b~ eaclz and every the stipulations,
agreements, conditions and covenants of said promissory note and of this deed,
then this deed and the estate hereby created shali cease and be null and void.
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the said .Mort~agors for themselves and the ir heirs, ~
I legal rep~esentatives and asaigns, hereb~/ covenant and agree : ~
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1. To pay oZt and sin~udar the principoi and intereat and other sum.s of m,oney
pa~able bb virtue of said psomissory note and thia deed, or esther, promptiy, on -
the daya reapectsvely the 8a~ne aeaeroily co~ri.e du~e.
B. To pay ai1 and ain~ular the to~es, ossess~nents, tevies, liabiiities; ~obli~ationa
and encu~nbrancea of every nature on soid described property each and ever~/, and
ir the sasne be not prorriptlb paid the said .1Kort~a~ee6 , theirhei~s,
legal rep~esentatives or aasign$ may at any time pay the sa~rce without woivin~ or
a~'ectin~ the option to foreclose or any ri~ht hereunder, and every payment ao mode i
ah,ull bear intereat from the date ~thereo~ at the rate of Six per cent. per annum. ~
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To pay ali and singular the costs, charges and e~penaea, inciudin~ lawyer's ~
Jees, Teasonably incurred or paid at an~ time by said Jlfortga~ees , their
heirs, le~al representatives or o~signs, because of the failure on the part of the said
.Mortga~or s, their heirs, legal rep~esentatives or assigns, to perform,
comply with and abide by each _and e~ery the stipulations, agreements, conditions
~ and covenants of said p~omissory note and this deed, or either, and every such
~ paym~nt $holt bear intereat from date at the rate or Six per cent. per annurro.
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To keep, the buildin~ now or hereafter on said land insured in a sum not `
teaa than --------NONS------------- Dollars, in a co~rcpany or companies to ~
be approved by said Mort~'a~ee 8, and the poticy or policies held bb and payabte
to aaid .1Kort~a~ee s. t eir heirs, legal representati.ves or aasigns,.and in
the euent any su~n of money becomes payabte under such policy or policies, the
Mo~t~a~ee s, their heirs, legol represent¢tives or oa8i,gns, shall have the ~
option to Teceive and apply the sarrce on account of the indebtedness hereby secured
or to pernut the .Jlfort~a~or 8 to receive and use it, or any part thereoJ, for other j
~ purpoaea, without the~eby waiving or impairin~ any equity tien or ri~ht under or
by virtue of thia m.ort~age, and may place and pay ~or such insurance or any x
part thereof without waivin~ or an'ecting the option to forectose or any right here-
under, and each end every such payment sholl bea~ inte~est ~rorri date at th.e rate
of - per cent. per annum. '
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