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HomeMy WebLinkAbout26441 ~ ? 000.00........... sroaR'r, rlo~laa. ».».._...... Sept~mbsr ... J..,~ »...»f ~.. FOR V1lLOS RECEIVtD. the ttndersigtted, attd astrsrallt. PROittrilE ?O PAY m !hs elder ot...»..»........»» ................................. ~.....~...~............~» ~~~,~1~8~s~Y~ 1~~-»......... »...».»......»......»..»......» ....... ...............oe stub olbsr Pisa as tits bolds harlot maT designate is wrillao, togalMtr with from data a! tbs rats ot...»?.~}_...pss osrttttm pas anatita ern the ttapaid baLnos ttatil atatu:itt. Ths saki prisdpal aAd bs dw and patabls as tolbws: $28, 000.00 plus interest on m r 16~ 1~; ~4„ 000.00 oa March 18,18?0; plus interest; then flue (5) sansa~l fns ants of $20, 000.00 each plus faterest then due on ttye 15th day of S©pteu~ber, be ptem0er 18,1870, and a final principal p~q- l~ent of $45, 000. ^0 ~~lu~ interest the on Seytdmber 15,137b. 10 ~ Ir a.r.alt t» .Ma. I.. _...____.. +ar. i. w o.>s..t .f ear t. uepal~ wits iat.ee.t .6d1 at wid.t~'s e~tMa wear. ~w aai ~aNe tdl ri+-t is etcaelw tits .amt i• tw .rest aI sawpwat Jetaalt. Attar matu bri aai~tb~ b taiao d ~ti aara~lllllf~j~ N~~~' cab ad naatatita attaeaq few. 1 L7.ls liJ be prepotid !n part of irl full at ar>l-tiu:e (Corporate see]J BY~ .r raw .. i.t.te.t K w tt..t ta...af. a..a.I.... tw.....ii.~ a. FaUan N aaed.a .ae\ Ntlw Aall a.t eMStitata aI tM wt- ~riae4al aai aeerN~ iatarut .lag war Mtw.t at ._ ~ a.atu~ 1laa>•~ Ntiea ~I sea-N7~Mt aaa ~ratNt. If tYla N Nt jaY at L~~l ~ ~~~~~~~~r.t1~ January 1,1970 without penal. VL~TRA MARS INC. ~. '~ - Jot (~ 7t-~ [y,~,~~ C• ~. GQ.-r-K ~ ~:4 ~. and shall duly, promptly and fully perform. discharge. execute, effect, complett; comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage. then this mortgage and the estate hereby created shall cease and be null and void. It is understood that each of the words, "note; ' "mortgagor" and "mortgagee" respectively and the prnn- ouna referring thereto, whether in tit`s singular or plural anywhere In this mortgage, ahaA be singular if one only and shall be plural jointly and severally. it more than one, and shall be masculine, feminine and/or neuter. wher• ever the context a implies or admits. And said Mortgagor for himself and his heirs, legal representatives, successors and assigns. hereby coven- ants area agrees to and with said Mortgagee. his legal representatives, successors and assigns: 1. To pay all and singular t}te principal and interest and the various and sundry soars of money payable by virtue of said promissory note, and this mortgage. each and every. Promptly on the days respectively the cams severally become due. ~. To pay all and singular the taxes; assessments. levies, liabilities, obligations and incumbrartces of every nature and kind now on said described property. and/or that hereafter may be imposed. suffered, placed, levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable according to law. before they bernme delinquent. and before any interest attaches or any penalty is incurred; and in $o. tar as any thereof is o[ record the same shall be promptly satisfied and discharged of record and the original official document (such as, for instance. the tax receipt or the astisfaction paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after payment; and in.the event that any thereof is not ao paid, satisfied and discharged, said Mortgagee may at any Gme pay the acme or any part thereof without waiving or affecting any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the data thereof until paid at the rate of ten per centum per annum and together with such interest shall be secured by the lien of this mortgage. insurance in the usual standard policy form, in •a sum not less than i ....................---••---°-•-°•-----------°---. such com- pany or comp~niea as may be approved by said Mortgagee; end ail such insurance polici any of said build- ings, any interest therein or part thereof, in the aggregate sum aforesaid or in ex tereot, shall contain the usual standard mortgagee clause making the loins under said policies, each every, payable to said Mortga• gee as his interest may appear, and each and every such policy shall mptly delivered to and held by said Mortgagee; and, not less than ten days in advance of the expire ' of each policy, to deliver to said Mortgagee s renewal thereof, together with a receipt for the premi such renewal• and there shall be no such insur- ance placed on any of said buildings, any interest nor part thereof. unless in the form and with the loss payable as aforesaid; and in the event any a money becomes payable under such policy or policies said Mortgagee shall have the option to rec ' d apply the same on account of the indebtedness secured hereby or to permit said Mortgagor to race use it or any part thereof for other purposes without thereby waiving or impairing any equity, li right under or by virtue of this mortgage: and in the event asid Mortgagor shall for any reason fail p the said premises so insured, or fail to deliver promptly any of said policies of insurance to ortgagee, or fall promptly to pay fully any premium therefor, or in any respect fail to per- form. e, execute, effect. complete, comply with and abide by this covenant, or any part hereof, said Mortg- ay place and pay for such insurance or any part thereof without waiving or affecting any option, lien. equity or right under or by virtue of this mortgage, and the toll amount of each and every such payment shall f until Id at the rate of ten per centum per annum and together with such interest shall be secured by the en mo age. 4. To permit, commit or suffer rw waste. impairment or deterioration of said property or any part thereof. 6. To pay all and singular the coats, charges and ezpenses, including reasonable lawyer's fees and cost of abstracts of title, incurred or paid at any time by said Mortgagee because and/or to the event of the faAttre on the part of the said Mortgagor to duly, Promptly and fully perform. discharge, execute, enact, complete. comply with and sblde by each and every the stipulations. agreements, conditions and covenant of asid promis- sory note, and fhb mortgage, any or alther. and said costs. charges and expenses. each and every. shall be itn- mediately dw and payable, whether or not them be notice, demand attempt to collect or suit pending: and the full amount of each and every such payment shall bear interest from the date Uisrcoi until pdd st the rate of ten per centum per annum• and ail said costs, charges and expenses so incurred or paieTj, together with such in- terest, shari be secured by the Ilea o! fhb mortgage. aooK 119 PacE26~2