HomeMy WebLinkAbout2190 Pr~ovided Alwaye, tluct if said afort~ctgor shall pa,~/ u~to the saic~ Jlfort,~a~ee
the certa,in pmmtsaory note, of which the following in words and ~i
gures is a true copy,
tn urit •
~ : 8,000.00 tort Pi~roe F~,;~uly 8 19.~$~
For v~alus nrxivad dkt wrderi' psr to tJke order o/ O~tlr H. SISR[ aad ~
r~ed pron~iss. w tJ e
A~BSI~ H. EI~, bi• wii~
t1+e princ~pal swR o/ _ Ei~tt 'i'Dou~and N..~..~_~..---...»~..~.._~_~ nolbr, 8+000.00 J.
to~edker wi~h ratsrustkenoa /raR dat~ +~t d~a ra~e % si= ~ 6~ ~••r ant, peraIIIILlm .....,,~r :oid i~terest
~;,,s annually 8txi of Jnl~. 1969 „d duly, ~ 1970
bcdk rri~u.ipa~ snd interut bsins psyoble in bw/~! naner oj d+e United Stotea or its eg~i~wleat, et
t~ •i~hh, Ontario,0aaada ~
~ aad psineipal lwn to be payobla on tba dates and en tl+e arnow~ta
~ia~-beto~, r~~v~e ;
~ '
z~ i4,400.00 on July 8, 1969
i4 , 000 .00 on Jul~ 19T0
r ~ ~
~
Payor ahal2 ho~~ the privil~g~ o! prepay~eut at any tibs Yithout penalty,
o:
~~b mater ~ad eadasrs ~neef111r ~hw d~a4. proNat ~nd notla at mawrltf. aon-Dal?m~nt oe protes! ~nd ~11 rpWrem~nh neoe~r~
to boid wcb ot tbem llable y m~t~rs aod endacMea
~ DT~PV O~ ~b ~f
a~a~n~ ~~'M~• ~nt~tDd N~11,. t0 D~~ t11 OO~f~ O[ OW1~C~lOn. IRCI a~ t[M~OIILbI~ LLWfp{~'i t!f 1II O~M
D~7~L on tL~ D ar ~ fnteeMt fb~s~on 1~ no~t y~lQ ~L tl~ r~
peeq~~ m~tutiq thu~o[. oe 1a w~ 1t
b+oam~a aee~rrrs w prot~et tt~ ~seurit~ l~ewt. v sult A~ L~olisbt ae aot, w
11?L note and deterted lnt~tts ~ball be~r 1nt~nst ~t tht rate o[ ~ p~r pat,~r aaaum from maturl unW DalQ.
'la4 oote 1s Nctucd D7 ~ mo~ti~ oI thn daL~ ~ra'wlfb aod L to be eonstr~W aad ~fot~ted
8t~d ot lfortd~: uDoq dehult !a tbt D~7~nt otp~y~ and/o[ lat~re~t dw an an7 note ~seured D~ ~aW HortpK~~D~note ~ese
~nd a~aq
r~malnln~ uny~ld aL~ll fortbwitL D~ooa~! 4w ~nd p~~able not~itLataadto~ tLNt t~or.
/s/i~eorge Arthur Saeger
/s Fredna J. Saeger ~
t8es1) ~
uncl shall perfo»n, complJ with and abide by e~eh and every the stipulations,
a~greement,s, conditions cind covencant,s of said promissory note dnd of this deed, then
thi,s der,d acnd tlie estctte hereby created shall cea„se and be null and void.
A.rid t,he sa,id .hfortga~'or hereby covencLnts ~cnd ctg`rees:
.1. To pay all and sin~ular the principal and interest and other sums uf moneJ
payable by virtue of said proi>tissorrJ note and this deed, or either, prom.ptlJ o~r the
days respectively the same severally come due.
Q. To pay all a~ul singular the taxes, assessments, levies, liabilities, obligations
a~ul encumbrances oj every nature on said described property ea~h and everJ, and
if th~e sa~n,e be not prnrrcptly paid the said JKortgac~'ee rruzy a,t czny tim,e pacy the sccme
without wctivin~¢ or af~'ecting the option to foreclose or any ri~ht hereunder, and euery
payment so ma,de shall beacr interest frorri th.e dcLte thereof at the rcate of
per cent. per annu~n.
To pay adl and sin~ula~ the eosts, cka~~P,4 and expe.nses. i~r.clu,~ling lawJer's
feea, rea~,sonably incurred or ptiid at dny time by sv.id .1Kort~¢a~ee because of the fdilure
on the pdrt of the said JKort~'a~or t.o perform, co~npl
f wi.th and a.bide by each. and
everr~ the stipulations, a~eements, eonditions acnd covenants of saic~ pr~missory note
and this deed or either, cand every such payment sh~all bear interest fronL date at the
ra.te of $i~ per cent. per annum.
f
To keep Lhe building n.otv or herealter on. sclid land i~:sured in a sr~ni not ~
less than Twenty-two Thousand (=22 000.00 _ '
~
Doltara, in a compa~ay vr c.ompanies to :
be apprnved by said .htortgagee, ccnd dhe polic~ or policiea held by dn.d pa.yable to said :
.hfort~a$ee, and in the event any surn of m.onPy becomes payable urcder s~cch policy or ;
polieiea, the .~fort~a~ee shall have the optian to reeeive and upply the sam.e on aecount {
of the ind.~btedneaa hereby sectcred or to permit the Mort~a~or tu receive and use it, or ±
any pctrt thereof, for other prcrposes, withoic~ thereby uKUVi.ng or im pa.irin~ any eqecity ;
lien or ri~ht under nr by virtue of this »wrt~a~e, and nu~ pla.ce anc~ pay for sueh
inau~nce or any part thertof, u•ithout waivin~ or a~'ectcn,~ the opiion Eo foreclose or
a~e~ ri~ht hereunder, a.n.d eczch and tvery su~ch payment ahall bear intereat fro~n d~ate
act t1u r~ate of ei= per cent. per annum.
d00K 2 FA~E 2~, f~7
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